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MEW scalp - August scalping journey trade Nr. 4No loss so far in this month, lets try to continue with this streak. ⚡ Late night session for me today and I am possibly holding this one over the night if it gets filled. I am trying this bid on MEW as I told you just slightly different. I am going to bid the 4H Supply Breaker with a smaller stop loss. I may be updating it later in the night so if you don't like to hold it over the night, don't do it. Risky setup because it's going to run during the night so manage accordingly. 4-Hour Supply Breaker: The 4-hour supply breaker is identified on the chart. This zone indicates a previous area where selling pressure was significant, but now it could act as a strong support area, hence termed a "breaker." Break of Structure (BOS): Multiple Breaks of Structure (BOS) are marked on the chart, showing key levels where the market has shifted from a downtrend to an uptrend, confirming the change in market sentiment. 4-Hour Fair Value Gap (FVG): The 4-hour Fair Value Gap is another critical zone. This gap often attracts the price to fill it, providing a potential area for entry. 12-Hour Fair Value Gap (FVG): Additionally, there is a 12-hour FVG, which can serve as a further confirmation of the support level and the potential for price to rebound from this zone. Holding the position overnight adds to the risk since the market can experience volatility during non-active hours. It is crucial to be comfortable with this aspect of the trade.
Long
by stromm_by_wmc
2
What about altcoins, will the "BULLRUN" begin !What about altcoins, will the "BULLRUN" begin ! In this review: >Others Marktecap >Total2 Marketcap >Total3 Marketcap >Others Dominance >BTC Dominanace >ETH/BTC >ETHUSD many forms >ETHUSD/NVDA Lets start with Others Marketcap --We see that the volume is slowly increasing in the retest zone. this is positive for us. When we examine the Rsı levels, we see that it is at the covid level. for such an index, this is "oversold" RSI(14) 1w and Gaussian Channel CM Slingshot and LMACD -------------------------------------------------------------------- TOTAL2 Marketcap 1w level 1= Accumaltion Trend mildline level 2= Bullrun 1008 passed from the summit to today. That's enough :D Total2 with Keltner Channel ----------------------------- Total3 Marketcap "SAME" 2020 vs 2024 ! -------------------------- Others Dominance is waiting for the UP movement at the channel bottom leve =) ----------------------------------------- ETH/BTC 1w 2016-2024 ------------------ ETHUSD CHart 1/5 Ethereum Log Curve Zones Chart 2/5 RSI Level and 1008 days 2020 vs 2024 Chart 3/5 Keltner Channel // Top, Bottom and Retest zones Chart 4/5 -Bullrun EVE Chart 5/5 CYCLE chart ( just some MATH:D) Parallel Channel MODE ------------------------------------------ TOTAL2/Nasdaq 3...2...1... GO ! ---------------------------------------- ETHUSD/NVIDIA Its Ready =) When you analyse all these chart, the following rings in your head: >>>ALTSEASON is inevitable.
CRYPTOCAP:OTHERSLong
by Cryptollica
18
Total2, Crypto Market without BitcoinFurthermore, Total2 also gave us the opportunity we were looking for, wicking straight through the $790bn level down to $730bn before closing above and now sitting at $852bn. A possible scenario which I can't rule-out from here is trading back up towards $950bn resistance and correcting back down once more, this would lean into Bitcoin testing $60k resistance before a further pullback later this week or early next week. Once again, the levels which Alts are now trading must be considered as opportunities and nothing else. A DCA strategy should now be deployed with more aggressive action being taken in the event of one further pullback. As ever, this information is only my opinion and not financial advice, always DYOR and only risk what you can afford to lose.
CRYPTOCAP:TOTAL2Long
by ZeroGravityGB
ALTS That are INCREASING as BTC Dips1) NOTUSDT BINANCE:NOTUSDT Great bounce from the support, RSI bottoms: strong in the 4h: 2) RUNEUSDT KUCOIN:RUNEUSDT From the 1h up to the daily, it seems as though RUNE is increasing after establishing a bottom of being oversold: 3) AVAXUSDT BINANCE:AVAXUSDT AVAX makes a turn around after bottoming out in the buyback zone: 4) BNBUSDT BINANCE:BNBUSDT BNB up 20 % in two days as buyers scoop up lower prices: 5) JUPUSDT BINANCE:JUPUSDT JUP increases 16% in one day: ________________________________
Long
by CryptoCheck-
Bitcoin's Candle Close Today Is Significant - Here's Why.Traders, Just want to take a minute to focus on two items from my chart. First, you will notice that yesterday we dropped from our bull flag and nearly re-tested my 48,415 neckline from that inverse head and shoulders pattern we have been tracking. I had stated in yesterday's video that I assumed we would re-test the neckline much sooner and that since we didn't re-test earlier that maybe the bull channel would hold price up and inside of it until the bulls gained enough momentum to break to the upside. So far, the bull channel has held. The wicks poking down and through the bottom side of the channel aren't as significant as a body close below the channel. But yesterday's wick down can pass as a re-test of the neckline, though a body touch and close would be most positive. At any rate, you can see that the market is conflicted at the moment. The body of yesterday's candle closed slightly below the bottom of our channel, indicating that the market was ready to sell down further on any whisper of FUD. And today's body thus far is just slightly above the bottom of our channel though the candle formation itself is bearish. All this indicates at the moment that further selling remains a priority for the market pending news. Unless there is positive news and a strong close on today's candle back inside of our channel, we can expect that there will be more selling to come. On the other hand, a strong bullish move to the upside today and close inside of our channel may indicate that buyers are ready. However, make no mistake, the move must be strong and the candle close must give us another percent or two. Watch closely.
INDEX:BTCUSD
by stewdamus
We are due a 2017 style ALT season.One for the memory banks! Now do we actually get what we are "owed" ?? :) We don't know and nothing is owed to us of couurse But Selling too soon could be quite disastrous... as many peopleI speak to say to me 5X - 10X I am out.. Which may be prudent If you are out. Stay out and don't FOMO back in again near the tops So it's best to scale out in my opinion last cycle was a quite difficult Alt season ... some bag holders actually did not get to experience any euphoria Hence why I am leaning to an exsplosive alt season BTC at $70k doesn't feel euphoric so what will it take?
CRYPTOCAP:TOTAL2Long
by BallaJi
2
SOL aint looking that goodYes, the market structure isn't really broken and it hasn't lost any major support Yes, it can go higher, a lot higher, and yes it's been one of the best performers of this cycle . Which makes it rather risky to short it. But it doesn't change the fact that it: - Failed to beat critical levels - By being one of the best performers, retail is loving it. - Everyone is too comfy in longs. The level i had for SOL back in last year happened to be the exact bottom, so I'm being cautious here.
Short
by cryptokebab
1
SOLANA 1D RANGE There is no denying the last few months in crypto have been frustrating to say the least. With a brutal seemingly endless chop despite some very bullish events such as the halving, BTC & ETH ETFs, institutional interest and buying, presidential candidates in support of the industry etc. Bitcoin still struggles to break and stay above its '21 ATH @ $69,000. For altcoins, and in particular SOL, this means they bleed as well and more often than not, they bleed more than BTC. Since range highs we've seen multiple retests of the lows and no retests of the highs, currently price has lost the range midpoint after hitting diagonal resistance and could potentially be targeting range low once again. The difference this time is the 1D 200EMA which usually serves as a Bullrun launching pad will be above that range low, any acceptance below this moving average is catastrophic for SOL. SOL has recently overtaken ETH in daily DEX volume more than once in the recent past, which has signalled a shift in on-chain preferences for traders of lower-cap coins. This could help to keep SOL afloat compared to other L1'S and alts in general however if the environment truly is risk-off then it may not be enough. From a bulls standpoint you'd like to see SOL hold price in this bullish Orderblock and at the worst $138 which is where daily support & 1D 200EMA is situated. With rate cuts predicted to be coming in September, it feels like a survive the next 6 weeks and thrive in Q4. Until then it's capital preservation market conditions.
by ProR35
BTC - 4H bullish signsBINANCE:BTCUSDT is currently approaching a crucial support zone around $60,000. This level has historically provided significant support, suggesting a potential rebound. In the daily timeframe, BTC is near the bottom of its trading range, indicating a possible shift in market sentiment. Technically, BITSTAMP:BTCUSD has completed two legs of correction, which often precedes a substantial bullish rise. If Bitcoin holds this support zone, it could spark a significant upward movement.
Long
by Sober_Trading
BULLISH Altcoins NOW: Final SHAKEOUT CompilationWe're seeing what could be the final shakeout across the entire altcoin market. This drain of liquidity will likely go into Bitcoin to propel the next impulse wave up, after which the money rotates BACK into alts for Altseason2.0. We're spotting multiple bottom patterns across the altcoin markets such as inverse head and shoulders and W-bottom patterns. 1) FLOW 2) RNDR 3) SOLANA 4) LINK 5) ETH __________________________________ I'll keep adding to the list over the next few days as there are MANY more. FOLLOW for alerts!
Long
by CryptoCheck-
4
Total 3: Alts about to see fresh lows, then real bull run startsI sold out of all of my crypto yesterday because when I looked at the chart, I realized that we've started the final selloff before the real bull run begins. As you can see from the chart, after the run in 2021-2022 we've been in the process of correcting. It's my view that this year's run was corrective, not impulsive like many are thinking-- and that altcoins will hit new lows by the end of 2022. I've shared a lot of bullish altcoin charts recently, but I've changed my view and am not bullish anymore. I don't think we'll see large bounces, I think it's going to be a rather quick path to new lows. Lows that you didn't even think were possible. This will be the greatest buying opp to exist in crypto and because most people are about to hold alts all the way down, they won't have any cash left to buy the bottom. It's going to make people never want to invest in crypto again because this last move will be one of the biggest fakeouts in crypto and people will lose a lot of money. However, after we hit the support levels on the chart, it'll present the greatest buying opp of any cycle. I think we go from ~200B to $2.5-4B when this next run starts. I think we'll bottom before 2024 ends. The next cycle will go until the end of 2026. Get prepared...
CRYPTOCAP:TOTAL3Short
by benjihyam
16
$AEROUSD an alt worth watching?COINBASE:AEROUSD Finance (by request): This altcoin is an AMM for BASE ( NASDAQ:COIN ). We rejected from the $1 level at the channel bottom as anticipated. This month I hope to see us set a higher low, against the $0.40 cent bottom in July (blue half-circle, around $0.55), ready to re-test the $1 level by the end of the month, assuming CRYPTOCAP:BTC can find its legs. Bear case would be a breakdown of our white trend-line since March, falling to a double bottom at ~$0.40 (red flag) Remember, the altcoin market is a derivative of the Bitcoin market, so expect the price action of COINBASE:AEROUSD to move with CRYPTOCAP:BTC , but with a higher beta. The exciting setup is that COINBASE:AEROUSD will probably trade with CRYPTOCAP:BTC bullishness - so if we can get into the top half of the channel, there is almost no resistance between ~$1.40 and the channel high at $2.
COINBASE:AEROUSD
by dawsonMoonshot
Solana Breaks Inverse H&S Neckline & Clears TriangleTraders, Multiple indicators show Solana on the way to final target now of $230-250. My followers were given a signal at $120-140 and should easily double their $$$. We have an inverse h&s pattern inside a bullish triangle. Additionally, a double bottom pattern forms the right shoulder. This all shows us clearly that it will be hard to stop Solana. We have a little resistance rn and may retest the top side of our triangle, but in less than a week I anticipate further price action to the upside as we continue to smash through levels like we're karate chopping balsa wood. Best, Stew
COINBASE:SOLUSDLong
by stewdamus
SOLUSDT: Correction Over, Bullish Rally Ahead with 30% Gains?Hey Realistic Traders, let's dive into the technical analysis of BINANCE:SOLUSDT From June 24, 2024, until today, SOLUSDT has dipped slightly below the EMA200 line twice. On both occasions, it rebounded by forming a bullish hammer candlestick and subsequently moved back above the EMA200, signaling a bullish trend. Recently, on the daily timeframe, it broke the upper trendline of the falling wedge pattern, accompanied by a MACD bullish crossover—an indicator where the MACD line crosses above the signal line, suggesting increasing upward momentum. This combination of technical factors typically signals a potential upside movement to the first target of 182.02. After reaching this first target, a pullback may occur before continuing its ascent to the second target of 210.33. Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Solana." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below
Long
by financialfreedomgoals101
10