Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec20, 2024Technical Analysis and Outlook:
Bitcoin's spectacular pullback to Mean Sup 91800 is noted. We anticipate a rebound to the upside, targeting the key Resistance level of 106000. Nevertheless, it is essential to acknowledge that a retest of the Mean Support level 91800 remains a plausible scenario.
Blockchain
3 Altcoins Approaching The Lower Bound!Since you enjoyed my previous post about 3 Altcoins Rejecting the $5 mark!
Here's an interesting one about altcoins retesting the lower bound of the wedge pattern:
BINANCE:PYTHUSDT
PYTH has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes.
KUCOIN:GLQUSDT
GLQ has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes.
COINEX:AEROUSDT
AERO has been in a correction phase and currently approaching the lower bound of its rising wedge pattern marked in blue. As long as the green structure holds, I will be looking for trend-following longs on lower timeframes.
Which altcoins would you like me to cover next?
All Strategies Are Good; If Managed Properly!
~Rich
#BTCUSDT #4h (Bitget Futures) Rising wedge on resistanceBitcoin uptrend looks exhausted and keeps getting rejected on overbought RSI zone, a retracement down to 100EMA support seems around the corner.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: Bitget Futures
Signal Type: Regular (Short)
Leverage: Isolated (15.0X)
Amount: 5.0%
Current Price:
106966.8
Entry Zone:
107142.0 - 108740.0
Take-Profit Targets:
1) 104521.8
1) 101946.7
1) 99371.7
Stop Targets:
1) 110802.2
Published By: @Zblaba
CRYPTOCAP:BTC BITGET:BTCUSDT.P #4h #Bitcoin bitcoin.org
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +47.5% | +83.3% | +119.1%
Possible Loss= -39.8%
Estimated Gaintime= 1-2 weeks
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec13, 2024Technical Analysis and Outlook:
Bitcoin's repeated pullback in this week's trading session by upholding firmly at the Mean Sup 96000 price level within the completion of the Inner Coin Rally 103600 is now noted. Recent analyses indicate that the cryptocurrency will likely retest the completed Inner Coin Rally 103600 by navigating the weak Mean Resistance 102300. This movement is anticipated to revitalize its upward trajectory toward the projected Outer #1 Coin Rally 110000 and beyond. Furthermore, a potential decline to the Mean Support 97000 would prepare the market for the subsequent phase of a bullish trend.
Zero1 Labs $DEAI BULLISH TREND - NEXT TARGET $1.10$DEAI is IMO a hidden GEM 💎 that will be coming to light to smart money in the next coming months.
Their Cypher Network is in Testnet Phase 1 starting MONDAY and this will attract new AI developers. Not only this, major AI partnerships are being announced with one being a Top 5 industry AI network.
I believe smart money already has eyes on Zero1 Labs in some capacity but they're waiting on the success of Cypher.
$DEAI has been strong throughout the whole market, during shakeouts it has not only maintained PA but also continued to increase. It is in a bullish trend currently and I see a move to $1 + within the next few weeks.
I personally see 10-30x potential in 2025 for $DEAI.
in the very short term, the momentum indicators show overbought, there may be a pullback to the bottom trend line of the channel, followed by a massive move out to my target of ~$1.10.
Entry: $0.40-NOW
Target: $1 +
My ideas only, NFA.
Happy Trading :)
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 6, 2024Technical Analysis and Outlook:
Bitcoin displayed substantial volatility during this week’s trading sessions, reaching our Mean Support level of 91800 and completing our Inner Coin Rally of 103600. Currently, the threshold for Bitcoin is established at Mean Support 96000, with the completion of the Inner Coin Rally 103600 now noted. Recent analyses indicate that the cryptocurrency will likely surpass the completed Inner Coin Rally 103600, which may rekindle its upward trajectory towards the anticipated Outer #1 Coin Rally 110000 and beyond. The possible pullback to Mean Support 96000 will effectively position the market for the next phase of a bullish trend.
Harmony (ONE)📊 Comprehensive Analysis of Harmony (ONE)
🔍 Overview: Harmony, after experiencing significant trading volume, successfully broke out of its descending channel. The breakout of the weekly resistance zone (yellow area) in the weekly timeframe opens new opportunities for upward movement.
🕰 Technical Analysis:
Current Situation: The price, having surpassed the weekly resistance, is poised to target Fibonacci levels of 1.618 and 2.618.
RSI Analysis:
RSI is encountering a critical resistance level that could temporarily halt the upward momentum.
A breakout above this resistance could push RSI into the Over-Extended zone, which may trigger a sharp price surge.
🎯 Recommendations and Entry Points:
Layered Entry Strategy:
First Entry: At the current price zone.
Second Entry: After a correction and pullback to the yellow zone (previously broken resistance).
📌 Key Considerations:
Risk Management: Proper capital management and risk allocation are crucial.
Market Volatility: Sudden market reactions can lead to unexpected losses. Failing to adhere to effective risk management could result in significant setbacks.
ETHEREUM projects to $18,000 Using logarithmic projections the measured move of this #HVF takes #ETH well in to the teens.
The caveat being it may not happen in 2025 but completes the pattern, later on this decade.
It is a big market cap of around 2 trillion based on the current circulating supply.
So not a pie in the sky valuation at all.
@TheCryptoSniper
etherum (ETH) "INDICATOR TANGLE"The moving averages with shadow function offer a timeframe to follow before major improvements in price. Right now Ethereum is jumbled up with the third blue line 150 variable moving average. This is not dissimilar to Bitcoin because Bitcoin does not follow such simple methods of indicator transcribing. This would look like the peak is reached according to the orange line and stepped yellow line crossing paths. The difference this time around compared to back in 2021 is in how the blue line is intersecting with those lines (orange, yellow, green) that rise when the price is reaching peak evaluation.
Investors Update for BloomZ Inc. (Dated 4th December 2024)BloomZ Inc. , a leading name in Japanese anime production, audio production, and voice actor management, has recently unveiled several strategic initiatives and completed notable projects that reinforce its industry standing and growth trajectory. These developments underscore the company’s commitment to innovation and value creation for its stakeholders.
One of the most significant announcements is BloomZ’s new strategic partnership with Badge Inc., a cutting-edge fan engagement solutions provider. This collaboration aims to revolutionise the fan experience by integrating Badge’s advanced technologies with BloomZ’s extensive content portfolio.
The partnership will provide fans with innovative avenues to interact with their favourite anime characters and VTuber personalities, enhancing the overall audience engagement. This move not only aligns with evolving market trends but also sets a benchmark for fan interaction in the anime and digital entertainment space.
Additionally, BloomZ has solidified its presence in the digital entertainment domain through its alliance with CrossVision Inc. , a company renowned for its expertise in Web 3.0 technologies. This partnership seeks to blend BloomZ’s proficiency in animation and VTuber management with CrossVision’s blockchain and metaverse capabilities. Together, the companies are exploring groundbreaking initiatives, including metaverse fan events and blockchain-based fan engagement solutions, which have the potential to redefine industry standards and expand BloomZ’s market reach.
On the production front, BloomZ has successfully completed audio production for two highly anticipated anime series: Maou-sama, Retry! R and Goodbye, Dragon Life – Hello, Human Life. These projects, which aired in October 2024, have already garnered widespread acclaim. With original light novels boasting impressive sales figures of 2.22 million and over 1 million copies, respectively, these anime adaptations are expected to further solidify BloomZ’s reputation for delivering high-quality sound production. These achievements highlight the company’s dedication to excellence and its pivotal role in bringing popular narratives to life.
As BloomZ continues to build on its strong foundation, the company is proactively exploring collaborations with additional strategic partners. By engaging with innovative entities and leveraging emerging technologies, BloomZ remains committed to driving growth, enhancing shareholder value, and shaping the future of anime and digital entertainment.
NWC IS A HIDDEN GEM!!!Hello Fellow traders and investors,
Today I have an altcoin that I believe will be one of the best performers in this bull run. I want to say this is not financial advice., but the evidence is overwhelming for me at least. I do believe it will be a lot more clear and decisive later this year.
Lets look at the chart, it's on the five day.
1 down trend has been broken
2 double bottom on the Gaussian channel
3 increased volume on rallies
4 Bullish divergence on many indicators.
Indicators from top to bottom
The RSI (relative strength) is showing a fairly strong bullish divergence
The MFI (money flow) is also showing bullish divergence is in a wedge pattern. This only on the 5 day, every other time frame has a higher high.
The WT Cross (lazy bear) also showing the moves have more and more strength behind them.
These factors show me that the bottom is likely in
and downside risk is fairly minimal
Why do I think it's going to do so well though?
1 There is evidence on other time frames (monthly) of heavy accumulation which I will touch upon on another chart. This says that NWC although had very strong price decline it's very likely just a corrective phase and will continue to new highs in due time. It also shows a lot of belief in coin by long term investors.
2 The platform, It has a functioning that works great. A lot of coins can't say that.
3 Staking, 70 % of the coins are staked on the network and it pays out at 25% potential.
I will add, that because of these the long term potential is very good, beyond just this bull run. Also, do your own research. Download the platform and use it. Take advantage of the staking.
Kind regards
WeAreSat0shi
Chainlink (LINK)📊 Comprehensive Analysis of Chainlink (LINK)
🔍 General Overview: Chainlink (LINK) has maintained a long-term upward trajectory within an ascending channel. Over time, it has reached significant price targets. After hitting a weekly resistance zone (red area), the price entered a short-term descending channel in the daily timeframe, eventually breaking out of this channel and reaching the weekly resistance level.
🕰 Technical Analysis
Current Situation:
After breaking the descending channel, LINK's price reached the key weekly resistance zone (red area).
High trading volume indicates strong buyer activity, suggesting the potential for breaking through this resistance.
RSI Analysis:
The RSI is approaching the overbought zone on the daily timeframe. A breakout above this level could signal further upward momentum.
Key Price Levels:
Scenario 1: If the red resistance zone is broken, expect a sharp price movement toward the blue zone and higher targets.
Scenario 2: If the resistance fails to break, a short-term correction is likely.
🎯 Price Targets (Fib Levels)
First Target: The blue zone, aligned with the 1.618 Fibonacci level and the midline of the ascending weekly channel.
Second Target: The 2.618 Fibonacci level, potentially extending to the upper boundary of the long-term ascending channel.
💡 Summary
Bullish Scenario: Breaking the red resistance zone and stabilizing above it could trigger a strong, impulsive move toward the Fibonacci targets and the blue resistance zone.
Bearish Scenario: Failure to break the weekly resistance zone may result in a pullback toward lower support levels or the bottom of the ascending channel.
📌 Recommendations:
Confirm breakouts with substantial trading volume.
Closely monitor RSI behavior, particularly near overbought levels.
Always anticipate unexpected corrections and prioritize stop-loss placement, risk management, and capital preservation.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 29, 2024Technical Analysis and Outlook:
Bitcoin has significantly declined below our Mean Support level of 94400. Nevertheless, the momentum of the bull market has been a pivotal factor, allowing Bitcoin to rebound robustly and heading to retest the established Outer Coin Rally target 99500. Current analysis indicates that the cryptocurrency is poised to surpass the 99500 threshold, consequently reigniting its upward trajectory towards the forthcoming Outer Coin Rally target at 110000. The pullback to Mean Support 95600 and possibly to 91800 is strategically positioning the market for the next phase of the bullish trend.
Cronos (CRO)📊 Overview of Analysis
The cryptocurrency CRO, recognized as one of the high-potential assets in the crypto market, entered a downward trend and moved into a descending channel following a significant drop. After testing the weekly support level, the price shifted into a new descending channel with a gentler slope.
🕰 Daily Timeframe Analysis
🔸 Current Status:
After breaking through the descending channel's resistance and the weekly resistance, the price is undergoing a pullback toward the broken channel.
🔸 Price Targets (Fibonacci Levels):
First Target: Level 1.618, already achieved.
Next Target: Level 2.618, if the price consolidates above the green zone.
Long-Term Target: Potential movement to the Over-Extended level if the RSI's orange zone resistance is broken.
📈 RSI Indicator Analysis
🔹 The RSI suggests that a breakout above the orange level could act as a trigger for further upward momentum, pushing the price toward higher targets.
💡 Conclusion
The upward trend remains strong, contingent upon stabilization above key levels.
Risk management is crucial, especially with possible pullbacks toward lower levels.
💬 Note: Always combine technical analysis with thorough research before making investment decisions.