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BTC Update: Key Levels and Market Outlook for Upcoming Weeks.Bitcoin (BTCUSD) currently holds a strong support level at $55,300. This key level presents a significant opportunity for potential gains. If the support at $55,300 fails, the next critical supports are at $52,000 and $48,500. Given the approaching bull run, we expect a bounce from these levels, particularly in Q4 2024 and Q1 & Q4 2025. As with previous bull runs, we anticipate substantial volatility during this period. Remembering to exit the market around March or November 2025 is crucial, as the bull run is expected to conclude around this time. Based on historical data and calculations, the Minimum target for Bitcoin in this bull run is $253,623. If Bitcoin flips the resistance at $253,623 by February 2025, we could see a maximum target of $275,780. Previous bull runs in 2013, 2017, and early 2021 exhibited unexpected price pumps, and we may witness similar volatility this time. While observing resistance zones, it's essential to keep trades active and plan to exit long positions by March or November 2025. For more detailed analysis and future trading ideas, follow us on TradingView. Share this idea with your friends and family to maximize profits. Please like, comment, and engage with our posts for more insights. Thanks!
INDEX:BTCUSDLong
by Houseofcryptokings
ADA Bull Run Insights: Historical Patterns and Future ProjectionIn this detailed analysis of Cardano (ADAUSD), we examine the current support level at $0.333, which is proving to be a significant point for potential gains. Should this support hold, ADA could see a substantial increase. However, if it breaks, the next strong support is around $0.24, where a bounce is highly anticipated due to upcoming positive events and the nearing approval of Ethereum ETFs. These events could trigger a rally in altcoins, likely to be observed in Q4 2024. Historically, bull runs have been characterized by high volatility and substantial price rises, which we expect to see again. For the upcoming bull run, Cardano's target is projected to be at least $7, based on historical performance and calculations. If ADA flips the $7 resistance by February 2025, we could see a maximum target of $9.11. Cardano, listed during the September 2017 alt season, yielded a 7322% return and an impressive 15556% return during the 2021 bull run. For 2025, we are anticipating a return of approximately 3750%. ADA is currently forming an uptrend with its maximum resistance projected at $9.11. Historically, bull markets have seen unexpected price pumps, and we can expect similar volatility this time. It is crucial to monitor S&R zones to keep trades active and plan to exit long positions around March or August 2025. For more detailed analysis and future trading ideas, follow us on TradingView. Share this idea with your friends and family to maximize profits. Please like, comment, and engage with our posts for more insights. Thanks!
CRYPTO:ADAUSDLong
by Houseofcryptokings
2
Trade Setup: INJ at $18 SupportMarket Context: INJ has retested the $18 support level, with buyers visibly defending this area. This support sweep indicates potential bullish momentum. If the price loses this support, wait for it to turn into a deviation before buying at this level off a higher high, then a higher low. Ideally, the price should consolidate above $22 and then break to the upside from here. Trade Setup: Entry: Enter a trade at $20. Take Profit: Set profit targets at $25.50 and $30. Stop Loss: Place the stop loss below $18 on a daily close. 📊 Monitor the price action closely and adjust your strategy accordingly! #INJ #CryptoTrading #SupportAndResistance 🎯
Long
by Richtv_official
Trade Setup: STX Double Bottom FormationMarket Context: STX has shown a significant rally of 200% the last time it touched this support level. With the price forming a double bottom and BTC expected to rally, this presents an opportunity for both a spot position and a shorter-term trade. Trade Setup: Entry: Enter a trade at $1.37. Take Profit: Set profit targets at $1.80 and $1.98. Stop Loss: Place the stop loss at $1.16 (on a daily close). 📊 Monitor BTC's performance closely and adjust your strategy as needed! #STX #CryptoTrading #DoubleBottomFormation 🎯
Long
by Richtv_official
UNI (Uniswap): Approaching SupportTrade setup : Price got rejected at $12 resistance three times (Triple Top) and pulled back below 200-day MA (~$9.00), which is a sign of downtrend. We wait for price to regain those critical levels and signal resumption of uptrend. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions. Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Up. Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $8.00, then $6.75. Nearest Resistance Zone is $10.00, then $12.00.
Long
by altFINS
STPTUSDT is Ready for the Next Big Move? Get Ready for BreakoutYello Paradisers! Are you ready for the next big move in #STPT? Let's break down these statements and analyze what's happening: 💎#STPT is currently trading within a descending channel, which typically signals a bearish trend. This pattern showcases a series of lower highs and lower lows. However, there’s a potential breakout and retest zone just above the descending resistance. A successful breakout and retest could lead to a strong upward move. 💎#STPTUSDT has been consistently rejected by the channel as indicated by the red arrows. A break above this line could signal a potential trend reversal. 50EMA is also reinforcing this bullish outlook. 💎There's a highlighted support zone around $0.03737, this level has been tested and respected multiple times by the GETTEX:STP , making it a crucial support area to watch. It’s also where we find a bullish order block, suggesting that buyers are likely to step in at this level. 💎Within the support zone, this order block indicates strong buying interest, providing further support for a potential bullish move. The bullish outlook will be invalidated if the $STPT falls below the major support zone at $0.03565. This level is key for maintaining the current structure. Stay focused, patient, and disciplined, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
1
REZUSDT | CONTINUATION DOWN?Asia session insights: Are we heading lower? The stage is set for a potential sell-off, and REZUSDT could be in the spotlight. Market Context Bitcoin is still trading in a downtrend, and even a small downward movement could trigger a larger sell-off in the altcoin market. Let’s see if REZUSDT will follow suit. Bearish Signals • BTC Downtrend: Bitcoin continues its downward trajectory, putting pressure on the entire crypto market. • Asia Session: Historically, the Asia trading session can see significant movements. If BTC drops, it could accelerate sell-offs in altcoins like REZUSDT. • Price Action: The recent price action in REZUSDT shows weakness, with lower highs and a potential breakdown from current levels. Strategy Given the current market conditions and the bearish signals, I’m betting on a downward continuation for REZUSDT. Let’s capitalize on this potential move. Action Plan Going short on REZUSDT, targeting a continuation of the downward movement. Are we going to see a further drop during the Asia session? Let’s find out! 🚀💥 Good luck, everyone!
Short
by minno91
Is GALUSDT About to Break Out or Fall Back?Yello, Paradisers! Are you ready for the next big move in #GALUSDT? Let’s dive in! 💎The price has rebounded from a strong support area, marked by a solid green candle with significant volume. Currently, the price is testing the resistance level at 2.39 but has faced rejection. For a bullish momentum to continue, #GAL must break through this resistance. If successful, the price is likely to move upward towards our target resistance area. 💎However, if GAL fails to break the resistance, the price may revisit the support zone between 1.85 and 1.62. This area is crucial, and GAL needs to bounce back from here to maintain its upward trajectory. 💎Should GAL break the strong support at 1.62, it would signal a bearish momentum, invalidating the bullish outlook. In this scenario, the price could continue its downward movement, potentially dipping further. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
GLong
by MyCryptoParadise_Nathan
2
Bitcoin’s Ascent: Could BTC Hit $108K by Year-End 2024?Current Market Overview As of now, Bitcoin is trading around $57,000, showing a resurgence after recent declines. This upward movement has been influenced by several factors, including reduced sell pressure and positive market sentiment following significant transfers and regulatory developments. Recent Developments and Predictions Institutional and Market Sentiment: Mt. Gox Sales: Despite the looming sales of Bitcoin by Mt. Gox creditors, many believe that the market has already priced in this factor, which has contributed to a stabilizing sentiment​ . German Bitcoin Wallet Movements: A significant transfer from a German wallet containing 40,000 BTC had temporarily impacted the market, but it has since recovered, indicating strong underlying demand​ . Price Predictions: Coindesk and Cointelegraph: Analysts from these platforms have indicated a potential bullish trend, with expectations of Bitcoin possibly testing new highs driven by macroeconomic factors and investor behavior​ ​. Major Financial Institutions: Matrixport predicts a potential surge to $125,000 by the end of 2024, based on historical price patterns and recent market behaviors​​. Tim Draper, a well-known venture capitalist, maintains a highly optimistic view, suggesting Bitcoin could reach $250,000, albeit this might extend into 2025​. Blockware Solutions has made an ambitious prediction of $400,000, emphasizing the impact of the upcoming halving event and its historical effect on reducing sell pressure and boosting demand​ ​. Market Factors: Halving Event: The upcoming Bitcoin halving in 2024 is a critical factor in many predictions. Historically, halving events have led to significant price increases due to the reduction in new supply and the subsequent increase in demand. This is expected to play a crucial role in driving prices higher​ ​. Institutional Adoption: Growing interest from institutional investors and major corporations is bolstering confidence in Bitcoin’s long-term value. For example, Berenberg Bank projects a price of $56,630 by April 2024, supported by institutional adoption and market dynamics​ ​. Technical Analysis and Projection Given the current market conditions, technical indicators suggest a bullish trend for Bitcoin in the coming months. The price is likely to test resistance levels at $65,000 and could reach towards $108,000 by the end of 2024 if the following conditions are met: Continued positive sentiment and institutional investment. Successful navigation of regulatory hurdles and market stabilization. Impactful market events, such as the Bitcoin halving, which historically lead to significant price rallies. Conclusion: While there are inherent risks and uncertainties in the cryptocurrency market, the overall outlook for Bitcoin remains positive. With key events like the Bitcoin halving on the horizon and strong institutional interest, Bitcoin has the potential to reach and possibly exceed $108,000 by the end of 2024. Investors should remain cautious but optimistic, keeping an eye on market developments and macroeconomic indicators.
COINBASE:BTCUSDLong
by wikitrades
4
KSM: Support BreakoutTrade setup : Price remains in a downtrend. Following a Bearish breakout from a Sideways Channel, it's also broken below $22 support level, making another Lower Low (also a sign of downtrend). It could revisit $16.70 next. Pattern : Support Breakout . Once a price breaks below a support zone, it signals that supply from sellers has overwhelmed demand from buyers at this level and price is likely to decline further. Following a support breakout, the next closest support zone becomes a price target. Learn to trade key levels breakouts in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum is Bearish (MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $16.70. Nearest Resistance Zone is $27.00, then $33.00.
Long
by altFINS
BTC Analysis | Bearish Trend and Key Support Levels 1D TFIn the last major rally, BTC needed approximately $522 billion to drive a 51% surge. Data from Feb 5 to Mar 4, 2024, highlights the substantial capital influx required for such a rise. Given current market dynamics, the availability of similar liquidity to ignite another significant price jump seems unlikely. 1D TF highlights a key support level around $ 53K ~ $ 50.5K. This range is crucial to monitor before expecting further price drops. Additionally, there's a strong resistance zone at $60K ~ $65K. Bitcoin is likely to test the $ 65K resistance level before resuming its decline. 🔴 Still Keeping My Bear Stance 🧸 I’m waiting for the Price RANGE of $ 30K ~ $ 25K to open a LONG Position. Disclaimer: NFA ➖ DYOR 🧠 💡 Open for discussion on this analysis 💬
COINBASE:BTCUSD
by TeddyVizion
BTCUSDT | UP UP UP!Are we finally going up? It’s quite possible! Market Context Bitcoin is showing strong signs of a potential upward movement. Despite a poor weekly candle close, this might be a clever fakeout designed to shake out the shorts. Let’s dive in! Bullish Signals • Weekly Liquidity: There’s a ton of liquidity above $72K, and Bitcoin loves to chase liquidity. • Bullish Divergence: On the daily chart, we see a bullish divergence forming. This is often a precursor to significant upward moves. • Weekly Uptrend: We’re still trading within an uptrend on the weekly chart. • Engulfing Candle: A huge bullish engulfing candle post-divergence indicates that the bulls are back in action. Strategy I’m betting on a substantial upward move for BTCUSDT. Targeting SWB:69K as TP1, and who knows? $100K could be on the horizon. It’s not just a dream—it’s a real possibility given the current setup. Action Plan Going long on BTCUSDT. Let’s ride this wave and aim high! Good luck, everyone! 🚀🌕
Long
by minno91
SOL Analysis: Key Support at $122 & Bull Run ProjectionsSOLUSD is currently showing strong support at $122, providing an excellent opportunity for significant gains. If this support level holds, we could witness a notable upward movement. However, if the $122 support breaks, the next crucial support level lies at $84, from where a bounce is expected, especially with the approaching bull run in Q4 2024. Historically, bull runs bring high volatility and substantial price rises. This bull run is expected to follow the same pattern, with the market potentially peaking around March or November 2025. It is crucial to be prepared to exit the market around this time, as the bull run is likely to end then. Based on historical data and calculations, the minimum target for SOLUSD in this bull run is $7,385. If SOL can flip the $7,385 resistance by February 2025, we might see it reaching a maximum target of $9,464. During the previous bull run in 2021, SOL pumped from a bottom of $0.21 to a peak of $260, delivering an astonishing return of 121,295% between April 2020 and November 2021. The bear market began in 2022, consistent with historical patterns of price pumps during bull markets. We anticipate similar volatility in this bull run. Monitoring resistance zones and adjusting trades accordingly is crucial. Plan to exit long positions by March or November 2025 to capitalize on the bull run's peak. For more detailed analysis and updates, follow us on TradingView to stay informed about our latest trading ideas and insights. Make the most of our expert analysis to enhance your trading strategy.
CRYPTO:SOLUSDLong
by Houseofcryptokings
2
Ethereum (ETH)After huge pumps in crypto market we will have a little correction Ethereum price today is $1.6k with a 24-hour trading volume of 14.4 billion dollars on June we had a crazy Volume for eth and whales buys the dip which is a very good sign for eth price in future Eth under 1k is a most buy and 1k-2k is a dip for eth, as you can see in weekly time frame eth trys to make a W pattern an bulls try to back at 1900$ 2000, 2500, 3500 and 4500$ are the most important resistance for Eth and huge opportunity for scalper traders
Long
by moonypto
6
NOTUSDT Idea - UpdateHey Traders!, I foresee two potential scenarios for the movement of the NOT/USDT price: BINANCE:NOTUSDT 1. The price chart declines to the $0.01300 range, finds support, and then resumes its upward trajectory to reach $0.02100. 2. The price chart falls to the $0.01300 support area, breaks below the ascending channel, and continues to drop to $0.00750. In my assessment, the first scenario is more likely, with an estimated 60% probability of the price rising to $0.02100.
Long
by Arash-RK
3
UNI (Uniswap): Approaching SupportTrade setup : Price got rejected at $12 resistance three times (Triple Top) and pulled back below 200-day MA (~8.91), which is a sign of downtrend. We wait for price to regain those critical levels and signal resumption of uptrend. Uniswap is the biggest DEX – see On-chain data, and has been a beneficiary of the move to decentralized exchanges and non-custody trading solutions. Pattern : Price is Approaching Support , which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken. (concept known as polarity). Once price breaks below support, it can move lower to the next support level. Learn to trade key levels in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Down and Long-term trend is Strong Up. Momentum is Bearish (MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70). Support and Resistance : Nearest Support Zone is $6.75. Nearest Resistance Zone is $10.00, then $12.00.
Long
by altFINS
TIA: Support BreakoutTrade setup : Price is in a downtrend and broke below $5.00 support. However, near-term, it appears very oversold (RSI < 25) and could bounce up. Pattern : Support Breakout. Once a price breaks below a support zone, it signals that supply from sellers has overwhelmed demand from buyers at this level and price is likely to decline further. Following a support breakout, the next closest support zone becomes a price target. Learn to trade key levels breakouts in Lesson 7. Trend : Short-term trend is Strong Down, Medium-term trend is Strong Down and Long-term trend is Strong Down. Momentum : Price is Oversold currently, based on RSI-14 levels (RSI < 30). Support and Resistance : Nearest Resistance Zone is $6.00, then $8.00.
Long
by altFINS
Could STXUSDT Be on the Verge of a Major Rebound? Yello, Paradisers! Is #STXUSDT about to make a dramatic move? Let’s dive into the analysis to see what’s happening. 💎Currently, #STX is lying on a strong support zone. The probability of a rebound from here is high if the daily candle closes with a bullish rejection. Should this occur, the price is likely to reverse upward, testing the supply zone around 1.8 and the descending resistance area. 💎If STX successfully breaks out of the descending resistance, it could indicate a strong momentum shift. This breakout might also lead to a breach of the supply zone. A successful break above the supply zone would confirm a bullish reversal, with a high probability of the price reaching our target at the strong resistance area. 💎However, if STX fails to break the descending resistance or fails to rebound from the support, we could see a move towards the order block (OB) area. The OB area is crucial as it likely contains large orders that could lead to a significant rebound. For the price to continue its upward movement, reclaiming the support zone is necessary. 💎Conversely, if STX breaks below the OB area and the daily candle closes beneath it, this would confirm a bullish invalidation, signaling a continuation of the bearish trend and a potential further dip. Stay vigilant, traders, and remember that discipline and patience are key to navigating these market moves successfully. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
8
Bitcoin (BTCUSD) Important Support to Watch The fall of Bitcoin Continues. Here are important support clusters to watch on a daily time frame. Support 1: 52300 - 53070 area Support 2: 47000 - 50700 area Support 3: 43300 - 43900 area Support 4: 41650 - 42500 area Support 5: 37800 - 39400 area These structures may provide the reversal points. Watch carefully the reaction of the market to the underlined zones and wait for a signal to buy. ❤️Please, support my work with like, thank you!❤️
COINBASE:BTCUSDLong
by VasilyTrader
1
BITCOIN (BTC) Technical Analysis & Important Decision Point Bitcoin is currently testing an important low of May. It will be a significant decision point for the market. The violation of the underlined blue support will trigger a further bearish continuation. Next goal for the sellers will be 53200. At the same time, the price may respect the underlined zone and bounce from that. I suggest waiting for an intraday bullish confirmation as a signal to buy. Let's see what will happen. ❤️Please, support my work with like, thank you!❤️
COINBASE:BTCUSDShort
by VasilyTrader
3
AKROUSDT | Bearish Vibes Ahead?Market Context The market’s got a bearish vibe, and with the weekend approaching, we might see some significant downward movements. Time to capitalize on the bearish trend! Chart Analysis • Weekend Strategy: Weekends often bring volatility, and with the current bearish sentiment, AKROUSDT looks primed for a move down. • Bearish Signals: Technical indicators are flashing red, suggesting a potential drop is imminent. Strategy I’m shorting AKROUSDT, riding the wave of bearish momentum. The setup is perfect for a weekend trade, with all signs pointing to further declines. Action Plan Entering a short position on AKROUSDT to take advantage of the anticipated bearish action. Let’s see if we can turn this market sentiment into profit! Let’s nail this bearish trade! 📉🔥
Short
by minno91