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Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 27, 2024Technical Analysis and Outlook: During the recent weekly market activity, Bitcoin surpassed the completed Interim Coin Rally at 64900 but encountered resistance before reaching the subsequent significant target, which was noted at 67000. However, the prevailing market sentiment suggests a potential retracement to the Mean Support level at 64400, with the possibility of an extension before commencing the primary recovery and advancing into the subsequent phase of the bullish movement.
BITSTAMP:BTCUSD
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 20, 2024Technical Analysis and Outlook: The current market activity exhibits a robust recovery from our Mean Support level at 57300, surpassing the Mean Resistance of 60500. It is poised to achieve our secondary rebound target: the Completed Interim Coin Rally denoted at 64500. Nonetheless, prevailing market sentiment suggests a potential retracement to the Mean Support level at 61900 before initiating the primary recovery and progressing into the subsequent phase to retest our completed Interim Coin Rally at 64900 and beyond.
BITSTAMP:BTCUSD
by TradeSelecter
Is PayPal's Rise Unstoppable?PayPal, once a mere online payment facilitator, has evolved into a financial powerhouse. Its strategic partnerships, innovative ventures, and consistent financial performance have solidified its position as a dominant player in the digital payments landscape. The company’s recent investment in Chaos Labs, a blockchain risk management firm, underscores its commitment to staying ahead of the curve and embracing emerging technologies. This strategic move not only positions PayPal as a leader in the blockchain space but also highlights its ability to identify and capitalize on future trends. Moreover, PayPal’s partnership with Amazon has significantly expanded its reach and boosted investor confidence. By integrating PayPal as a checkout option for third-party merchants, Amazon has effectively made PayPal a more accessible and convenient payment method for millions of consumers. This strategic alliance has not only driven revenue growth but has also fueled PayPal's stock price. Beyond Amazon, PayPal's collaborations with Shopify, Adyen, and other industry leaders have further diversified its business model. These partnerships have allowed PayPal to tap into new markets, reach a wider customer base, and enhance its value proposition. The increasing confidence of institutional investors in PayPal is a testament to its strong fundamentals and growth potential. As investors continue to seek out stable and profitable investments, PayPal’s consistent performance and strategic initiatives make it an attractive option. In conclusion, PayPal's journey from a simple online payment platform to a financial powerhouse is a testament to its ability to adapt, innovate, and deliver value to its stakeholders. With its strategic partnerships, blockchain ventures, and solid financial performance, PayPal is well-positioned to continue its upward trajectory and remain a dominant force in the digital payments industry.
NASDAQ:PYPLLong
by signalmastermind
#CRO/USDT 1W (Bybit) inverted Head & Shoulders breakout & retestCronos is pulling back to iHnS neckline support where 20EMA seems to be holding, looks like a great swing opportunity on weekly. ⚡️⚡️ #CRO/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (1.0X) Amount: 4.8% Current Price: 0.12591 Entry Targets: 1) 0.11822 Take-Profit Targets: 1) 0.26475 Stop Targets: 1) 0.0693 Published By: @Zblaba CRYPTOCAP:CRO #CROUSDT #Cronos #PoS crypto.com Risk/Reward= 1:3.0 Expected Profit= +123.9% Possible Loss= -41.4% Estimated Gaintime= 3-6 months
Long
by TradingOn
Big CCD turnaround after new CEO moves HQ to London? September marked the start of experienced and proven Boris Bohrer-Bilowitzki as new CEO for Concordium. He immediately announced major plans and started by moving the HQ to London. The company is gaining momentum in the current AI trend. Concordium positions itself at the heart of AI innovation and digital twin creation. Concordium's Web3ID emerges as a pivotal tool for AI companies, with accountability and transparency at its core. It is packed with ideas and partnerships with institutions and companies in the pipeline. So. Could the current double bottom mark the start of an (explosive) upward trend (like the IH&S)? The R&R makes me pay attention here!
Long
by JS_Rocket
1
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 13, 2024Technical Analysis and Outlook: The recent market activity demonstrated a resilient rebound from our Key Support level at 53000, surpassing the Mean Resistance levels at 56700 and 59700 and peaking at the newly established Mean Resistance level at 60500. Current market sentiment indicates a potential retracement to the Mean Support level at 57300 before initiating the primary rekindled rebound and progressing into the second phase to retest our completed Interim Coin Rally at 64900.
BITSTAMP:BTCUSD
by TradeSelecter
Bitcoin is entering the sell-zoneBitcoin's price is hovering at a critical level, and the potential for a deeper bearish move looms large. Historically, when Bitcoin dips below key support levels (56999 and 49999), it can trigger algorithmic trading bots to initiate aggressive sell-offs, accelerating price declines faster than manual traders can react. This phenomenon has occurred in previous bear markets, where sharp drops activated cascades of sell orders, pushing prices down rapidly. Currently, BITGET:BTCUSDT.P Bitcoin is flirting with the $55,000 support zone, and failure to hold this level could signal the beginning of a deeper decline. A break below FWB:42K may lead to a swift drop toward $20K, as bearish sentiment is dominating the market, particularly with futures traders leaning heavily toward short positions. The broader market is likely to interpret this breach as a confirmation of sustained downward pressure, which could drive Bitcoin to revisit the $15,000 level—similar to the 2022 bear market. For those who purchased BINANCE:BTCUSDT.P Bitcoin around the $50,000 mark, the risk of a significant drawdown looms large, with potential losses of 50% or more if Bitcoin plunges toward $25,000 or lower. Further downside could see Bitcoin retrace all the way to $15,000, reflecting the magnitude of the correction experienced during the last major crash in 2022. Given the current technical outlook, the absence of bullish momentum combined with major resistance levels at $60K and $70K suggests that a rebound might be unlikely without strong buying pressure. A breakdown in the $40K area could accelerate bearish moves as algorithmic bots kick in, potentially leading to a rapid sell-off and testing lower levels. Investors and traders should stay vigilant, as any further breach of support could lead to a prolonged bear market, reminiscent of Bitcoin’s previous crashes and so a sell-off could happen quicker than you can open a short position.
CRYPTO:BTCUSDShort
by BTC-Blockchain
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Sep 6, 2024Technical Analysis and Outlook: The recent market activity witnessed a continued decline in the value of Bitcoin, leading to a significant drop and triggering a shift to our designated Key Support level of 54000. Current market sentiment indicates a potential recovery towards Mean Resistance 56700, possibly extending to Mean Resistance 59200. It is pertinent to acknowledge that persistent selling pressure at this stage could precipitate a further down towards the previously completed Interim Coin Dip 50000 before a resurgence occurs.
BITSTAMP:BTCUSD
by TradeSelecter
(FX) function x "ultra music festival"function X is involved with Ultra music festival by supporting Ultra on chain. There is an up coming Ultra Music in ROC and Hong Kong for the first time this year. Mid September for the Hong Kong experience and November for Republic of China (ROC) ultra music festival. Visit ultra music festival page for details. To see the connection visit Function X and go to their ecosystem and select lifestyle tab to see the connection to Ultra.
COINBASE:FXUSDLong
by CryptocurrencyBlot
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 30, 2024Technical Analysis and Outlook: The "Primary Squeeze" of Bitcoin has experienced a significant drop to our Mean Support levels at 62700 and 60300, and it currently hovers just above the critical Mean Support level at 57600. Currently, the cryptocurrency is positioned for further upward movement, with the primary target being a retest of the completed Interim Coin Rally marked at 64900. It is noteworthy that the selling pressure at this level may lead to a decline in the coin's price towards the Key Support level at 54000.
BITSTAMP:BTCUSD
by TradeSelecter
ASTAR : THE Token of Sony's Soneium Blockchain!Last week, Sony announced it's Soneium Blockchain that has been in the works since last year. Earlier today, the launch of Soneium's testnest was announced during Japan's WebX event. Japan's Prime Minister and Japan's Minister of Economy gave a speech at this event. After their speeches, the stage was given to Sony's Soneium representative and the creator of the Astar Network. Sony also announced that the ASTAR ALOR:ASTR token will be a key asset on its Soneium #Blockchain. Previously, #Sony has announced that it will launch a #crypto exchange in Japan. ALOR:ASTR is currently a relatively low marketcap coin, sitting somewhere at the #130th position. #Astar's tokenomics are also great ; it's fully diluted marketcap is close to its current market cap, which gives it a major advantage over most other coins, which have massive unlocks periodically. Astar has incredibly volume. In fact, it's volume/market cap is one of the best in all of crypto - currently, it's 0.147 - compared to Ethereum's 0.07. This means the coin has very high liquidity. The coin is also relatively new. It was launched during the bear market, so it has time to build a community and doesn't have as many bagholders yet. Looking at the weekly chart, we can see a massive hidden bullish divergence. The price has been making higher lows on the weekly chart, while the RSI has been making lower lows. This means that the token has managed to hold its gains on the weekly timeframe even though sell pressure increased. With a market cap of under $0.5 bn, it has the potential for a 20 - 50x this cycle.
KRAKEN:ASTRUSDLong
by couldntcomeupwithone
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 23, 2024Technical Analysis and Outlook: Bitcoin has surpassed our Mean Resistance of 61700 and completed Interim Coin Rally 62200, finishing extended Interim Coin Rally 64900. Presently, the coin is positioned for further upward movement with a primary target of 68500 and a retest of our completed Main Inner Coin Rally 73200. The selling pressure at this level may cause the coin's price to decline toward the Mean Support level of 56600, possibly extending to the Mean Support level of 60300.
BITSTAMP:BTCUSD
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 16, 2024Technical Analysis and Outlook: During this week's trading, Bitcoin underwent a retest of our Mean Resistance level of 61700 and, subsequently, the Mean Support level of 57400, marking the completion of the Interim Coin Rally at 62600. The presence of intermediary selling pressure may lead to a decline in the coin's price action toward the Mean Support level of 56600, 54000 and potentially result in a retesting of the completed Interim Coin Dip at 50000. On the positive side, the overall trend remains optimistic, with a focus on retesting the completed Interim Coin Rally at 62600 and potential extensions to the Mean Resistance levels of 65500 and 68500, respectively.
BITSTAMP:BTCUSD
by TradeSelecter
4
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 9, 2024Technical Analysis and Outlook: Bitcoin encountered a substantial decline during this week's trading session, reaching Mean Support 55800 and Key Support 53800, and subsequently retesting completed Outer Coin Dip 54000. The considerable selling pressure finalized Outer Coin Dip 51000 and major Key Support 50700. The overall upward trend remains ongoing, leading to the establishment of a new Mean Resistance 61700 and the completion of the Interim Coin Rally 62600. The potential extension towards Mean Resistance 65500 and 68500 holds significant promise for the forthcoming week's sessions. The likelihood of temporary downward pressure toward the Mean Support at 57400 exists before the coin resumes its upward trajectory.
BITSTAMP:BTCUSD
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 2, 2024Technical Analysis and Outlook: Bitcoin experienced a significant drop from an attempt to complete the Inner Coin Rally of 70400. However, the Mean Resistance 68200 was the main barrier during this week's trading session. The overall trend suggests a recovery towards Mean Resistance 65300, with a possible extension to Mean Resistance 68200 and Inner Coin Rally 70400. There may be interim downward pressure toward the Mean Support at 55800 before the coin resumes its up movement.
BITSTAMP:BTCUSD
by TradeSelecter
AIRDAO on the comeback trail?This S coin has undergone a rebrand it seems , a main-net release? I don't know, I rarely dive into the fundamentals of a project... whilst a narrative is nice and sector rotation is a thing the age of the ALT coin and any the state of the community / marketing are generally the most important. Which is all told in the price action of the charts anyway! :) Supply/demand ---> support/resistance ---> accumulation/distribution anyway as this chart shows there may be life in this old dog of a S coin. And it is currently in a low risk (USD) entry zone. (Don't forget to keep a Moonbag in these S coins as you take profits ... as you never know if it will be blessed this cycle with extreme out performance)
CRYPTO:AMBUSDLong
by BallaJi
BTC - Navigating the Recent Decline and Key Technical IndicatorsDear Traders, today I want to provide you with a trading analysis of Bitcoin's recent decline from $70,000 to $66,000, we will utilize several technical analysis tools, including Fibonacci retracement levels, Bollinger Bands, Ichimoku Cloud, Exponential Moving Averages (EMAs), and other moving averages. This analysis will explore key price movements, support and resistance levels, and potential future trends. 1. Fibonacci Retracement Analysis Fibonacci retracement levels are commonly used to identify potential support and resistance levels based on the key Fibonacci ratios (23.6%, 38.2%, 50%, 61.8%, and 78.6%). In this scenario: - Retracement Levels: - From the high of $70,000 to the low of $66,000, key Fibonacci levels are: - 23.6% retracement: Approximately $66,950 - 38.2% retracement: Approximately $67,520 - 50% retracement: Approximately $68,000 - 61.8% retracement: Approximately $68,480 - 78.6% retracement: Approximately $69,090 The recent decline saw Bitcoin retracing to the 61.8% level, suggesting a strong support area. A failure to maintain this level could indicate further downside potential. 2. Bollinger Bands Analysis Bollinger Bands consist of a middle band (usually a 20-period SMA) and two outer bands set at a standard deviation away from the middle band. They help identify volatility and potential overbought or oversold conditions. - Observations: - As Bitcoin declined, it approached the lower Bollinger Band, suggesting a potential oversold condition. - A rebound from this level might indicate a short-term relief rally, while a close below could signal continued bearish momentum. 3. Ichimoku Cloud Analysis The Ichimoku Cloud, or Ichimoku Kinko Hyo, provides insight into trend direction, momentum, and support/resistance levels. - Components: - Tenkan-sen (Conversion Line): A shorter-term moving average, usually set at 9 periods. - Kijun-sen (Base Line): A longer-term moving average, typically 26 periods. - Senkou Span A & B (Leading Span A & B): Form the cloud, representing potential support/resistance. - Current Status: - Bitcoin's price fell below the Ichimoku Cloud, suggesting a bearish trend. - The Tenkan-sen and Kijun-sen have made a bearish crossover, indicating potential continued downside. - The Senkou Span A has crossed below Senkou Span B, reinforcing the bearish sentiment. 4. Exponential Moving Averages (EMAs) and Other Moving Averages EMAs give more weight to recent prices, making them responsive to new information. Key EMAs to watch include the 21-day, 50-day, and 200-day. - EMA Observations: - 21-day EMA: Has turned downwards, signaling short-term bearishness. - 50-day EMA: Positioned above the current price, acting as resistance. A failure to reclaim this level could confirm the bearish trend. - 200-day EMA: Often considered a long-term trend indicator. Currently below the 200-day EMA suggests a longer-term bearish outlook. - Other Moving Averages: - The 100-day SMA is also crucial, currently providing a near-term resistance level. A breakdown below this moving average may lead to increased selling pressure. 5. Momentum Indicators Additional indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) can provide further insights: - RSI: Nearing oversold levels, indicating that a short-term reversal could be on the horizon. - MACD: The MACD line has crossed below the signal line, suggesting bearish momentum. Conclusion and Future Outlook The technical analysis indicates that Bitcoin is currently in a bearish phase, as evidenced by the price's position relative to key moving averages, the Ichimoku Cloud, and other indicators. The 61.8% Fibonacci retracement level around $68,480 serves as a crucial resistance point. A sustained move above this level, along with reclaiming the 50-day EMA, could signal a potential recovery. Conversely, continued weakness below the 200-day EMA and the lower Bollinger Band suggests further downside risk, with potential support around the $66,000 mark. Traders should closely monitor these levels and indicators for signs of either a reversal or continuation of the current trend.
BITSTAMP:BTCUSDLong
by BTC-Blockchain
Trump RFKJ Help Pump Bitcoin In Nashville's Crypto ConferenceBoth U.S. presidential candidates Trump and RFKJ spoke at Nashville's recent crypto conference. Both outlined their strategies going forward should they become the next president. Though different, both had a positive effect on the Bitcoin price as the market pumped beforehand. But now that the conference is at an end, what can we expect from Bitcoin? You can see from the chart that we are nearing the top of our channel and testing its underside as was expected from the video last week. Now, the question becomes, what's next? The two most likely scenarios are that a) Bitcoin moves sideways for a week or two in another accumulation phase before breaking up, or b) Bitcoin breaks up sooner than anticipated and starts heading toward our year-end target. A less likely scenario is that for some unknown reason at this point and time, an event or news item could reveal which would move the price of Bitcoin back down to the bottom of our channel one last time before heading up again. We live in unbelievable times rn. Anything could happen. But probability lies on the side of Bitcoin continuing its move upward at this moment. End of year target remains $90k+.
INDEX:BTCUSDLong
by stewdamus
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 26, 2024Technical Analysis and Outlook: Bitcoin exhibited significant down movement by reaching our Mean Support level at 64000 and subsequently rebounded strongly to retest our Mean Resistance level at 68200, as outlined in the Weekly Chart Analysis for the Week of July 19. The overall trend indicates progression toward the Inner Coin Rally at 70400, a retest of the completed Main Inner Coin Rally at 73200, and striding on to the anticipated long-term target of the Outer Coin Rally at 92000. It's important to note the initial downward pressure on the primary support at 65400 as the coin moves upward.
BITSTAMP:BTCUSD
by TradeSelecter
1