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Fractal

$WIF LONG - 2021 $DOGE vs 2024 $WIFCRYPTOCAP:WIF is the 2024 version of 2021 CRYPTOCAP:DOGE , except even better (wif a hat) similar chart structure strong advance up similar to CRYPTOCAP:DOGE , leading to ~3 month re-accumulation, targeting the same fib (14.618) which would be a 10x from here at ~ SGX:40B market cap ($42.069B market cap for the memes) would not fade the hat, this is the strongest meme coin on CRYPTOCAP:SOL , CRYPTOCAP:SOL is the strongest blockchain in the space, with all the mindshare currently. have been in this coin since december, at prices less than $0.10, and have added to my bags in this range. NFA GL HF. HAT. STAYS. ON. -@CryptoCurb
Long
by CryptoCurb
BTCUSD - Topping out around 66k?BTC is yet to fully correct, at least on the weekly. In my eyes, these huge candles up are unsustainable without significant greed. Significant greed cannot continue indefinitely without returning to the mean (neutrality), and likely, significant fear. There are a few factors I believe will influence a correction: Greed across the traditional and crypto markets. See CNN's sentiment analysis and alternative.me's fear and greed index. Only 5% of institutional financial managers are planning to hold BTC in 2021 (volatility being cited as the main reason), implying the feverishness of 'mass adoption' is overstated and overhyped. Bitcoin is back in mainstream media. The more exposure it gets, the more FOMO and greed kick in, the more new investors pile in, the more people ready to buy right at the top and add selling pressure on the way down. Big green (or red) candles, while difficult to gauge the top, often result in big moves back down. Similarly, an almost vertical acceleration implies a significant deviation from its mean (anecdotally, the further and quicker something deviates away from its mean, the quicker it comes back). Currently, BTC's yearly EMA is almost exactly the previous ATH of $20k. Simply, a correction is due. It's gone up but hasn't come down much. So, knowing that a correction is due at some point, we can then try and forecast the top. While looking for similarities between the last ATH and this current rally, I noticed there was a period of consolidation, followed by a higher low that wicked down (marked on the chart). Using these points as anchors, the next anchors are the ATH and the last high at $42k. While the intraday levels of these fibs fit nicely, there are 2 extensions that caught my eye on the weekly that fit almost perfectly. The 1.618 level on the recent fib (grey) and the 3.618 level of the ATH fib (red) both sit around $66.1k and $66.3k respectively. Seeing how well the other levels line up through previous price action gives me confidence these are valid levels. I'll give coordinates at the end of this post so you can see what I mean. I've also included a 3-factor BB on the chart for confluence. While the weekly close tomorrow will change the upper band, its near-vertical ascent will likely eventually be punctured by price. As denoted by the red circles, a reversal has occurred every time a swing has formed there. Moreover, for an asset to exceed 3 times its weekly standard deviation should ring alarm bells in anyone's ears. Okay, so we know where the top might be. How can we make a trade based on this? I'll start with where I think it might end up. If we use $66k as our first anchor and the bottom of the last consolidation at about $3.1k, then the 0.618 level (blue line) lines up perfectly with the most recent fib's 0.618 level on the way up. This falls at $27.5k, or rather, a contraction of 61.8%. The tricky part is stop loss placement. I'm going to say that a technically invalid level would be past the 3.764 level of the ATH fib at $70k. Anything between $71-72k would likely invalidate this idea. In summary: Entry: $65k Stop: $71-72k TP: $27.5k, $31k if conservative, $42k if ultra conservative Let me know what you think and give me a follow for more. Happy trading! COORDINATES: ATH fib = (1) 1830.00, (2) 19666.00 Current fib = (1) 3122.28, (2) 42000.00 TP fib = (1) 66026.19, (2) 3122.28
BITSTAMP:BTCUSDShort
by pasojov
6
🚨ALTSeason Alert🚨: Why It's Imminent ??The cryptocurrency market is buzzing with anticipation as many analysts and traders believe an altseason is on the horizon. Altseasons are periods in the market cycle when altcoins (alternative cryptocurrencies) outperform Bitcoin (BTC), the leading digital asset. Several factors suggest that an altseason could be imminent, and this article will explore these indicators and highlight promising altcoins to watch. Altseason Index Signaling a Shift: The Altseason Index, a metric that tracks the relative performance of altcoins against Bitcoin, currently indicates a Bitcoin dominance-led market. However, the index is approaching a critical inflection point where it could break below its trendline, signaling a potential altseason. Bitcoin Dominance Poised for a Breakout: Bitcoin's dominance, which represents its share of the total cryptocurrency market capitalization, has been trading within an ascending wedge pattern. This pattern suggests a potential breakout, with a downward move indicating a shift of power towards altcoins. A decline in dominance below 40% is often considered a hallmark of an altseason. Bitcoin dominance chart showing an ascending wedge pattern Ethereum (ETH) Gaining Strength: The ETH/BTC price ratio, which measures the relative performance of Ethereum (ETH) against Bitcoin, has been on an upward trend. This trend suggests that ETH is gaining strength relative to BTC, potentially signaling a shift in market sentiment towards altcoins. ETH/BTC price ratio chart showing an uptrend WIF (WazirX India Token) Poised for a Breakout: WIF, a cryptocurrency native to the WazirX exchange platform, has been forming a massive ascending triangle pattern on the daily timeframe. This pattern suggests a potential breakout towards $10, making WIF a promising altcoin to watch for the upcoming altseason. WIF/USDT chart showing an ascending triangle pattern Additional Factors Supporting an Altseason: Increased Institutional Interest in Altcoins: Institutional investors are showing growing interest in altcoins, as evidenced by rising investment inflows and the launch of altcoin-focused products. Strong Fundamentals of Many Altcoins: Numerous altcoins have strong underlying fundamentals, innovative use cases, and active developer communities, making them attractive investment opportunities. Market Sentiment Favoring Riskier Assets: The overall market sentiment is shifting towards riskier assets, which could benefit altcoins as investors seek higher potential returns. Conclusion: While the exact timing of an altseason cannot be predicted with certainty, the confluence of several indicators suggests that it is imminent. Altcoins like WIF, with strong technical patterns and solid fundamentals, are poised to make significant gains during this altseason. However, it is crucial to exercise caution and conduct thorough research before investing in any cryptocurrency.
Long
by Yaroslav_Krasko
1
Bullish bias on AUDUSD weekly timeframePosition: Long Entry date: The new daily candle on 05/27/2024 should trigger the entry at 0.66365. Stop-loss: 0.65922 Risk/reward: 1:2.19 Swap: It's quite low considering that this trade is supposed to be held for about 7 days, and the interest rates on AUD/USD are not significantly different. Pros: 1) The monthly trend is bullish. 2) The weekly timeframe shows a potential 2-1-2 Bullish Continuation pattern. 3) The daily timeframe shows a potential 2-2 Bullish Reversal, which we can use as an ancipated entry to trigger the weekly. Cons: 1) In a week, the monthly timeframe changes, potentially triggering entries but not reaching the TP and then reversing direction at the flip.
Long
by hascardenas
$SOL Long - King-Maker this CycleIf you have been following me, you know I have been tracking CRYPTOCAP:SOL since $8 CRYPTOCAP:SOL does everything CRYPTOCAP:ETH does, except at instantaneous speed and 0 transaction fees ( CRYPTOCAP:ETH takes 10 seconds+ and costs $10+ each transaction). I have been following this CRYPTOCAP:ETH fractal since $8 on CRYPTOCAP:SOL (see prior posts). We are in a clear up-trend. Up-Trends are your FRIEND in bull markets. Do not make this more difficult than it needs to be. CRYPTOCAP:SOL is going SO much higher. NFA GL HF. -@CryptoCurb
by CryptoCurb
1
BTC / SP500 Correlation 👀The stock market updates to the maximum(#ATH), Will Bitcoin do it? The recent growth of the stock market is due to strong reporting and growth of 5 companies (#NVDA #GOOGL #AMZN #META #MSFT) from the Magnificent Seven. Mostly because of the pending rate cut, the AI boom, and the influx of liquidity. 📝In general, there are enough problems in the stock market, the most positive comes from the expectation of liquidity and rate reduction closer to autumn due to political pressure. But at the moment we are a little overheated, I think that shortly there will be consolidation, before the continuation of growth. 💡I think #Bitcoin will have something similar. The positive effect of ETH ETF and halving will help keep Bitcoin at the previous levels(60-72k), until the phase of active growth, which will start soon (~end of summer).
CRYPTO:BTCUSDLong
by FeelsStrategy
ETHFI price clearly repeats the movement of BTC from rpreviousDuring the 2nd half of April, CRYPTOCAP:ETHFI buyers or its MMs tried to keep the price above $3.20 - not allowing it to update the lows. ↪️ On the one hand, it looks like a sign of "strength" ↩️ On the other hand, don't be too surprised if the price of $ETH.FI drops sharply to $3.11 or even $2.88 (too many "tasty stops" are hidden below $3.20 and can be hunted). You can even place pending limit orders to buy here and feel a little bit like MM :) In general, the #ETHFIUSDT chart is very similar to the #BTCUSDT price movement during 2021, and we copied the blue fractal from this period for clarity. That is, the bottom is somewhere close and there should be good growth ahead. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
4
MEME COIN CYCLE - Total Meme Coin MC to $420BWe do not yet have a Meme Coin Market Cap index in TradingView but I am expecting Meme Coin Total Market Cap to reach ~$420B Market Cap at pico cycle top this cycle Reasons: - CRYPTOCAP:DOGE is basically playing out the 'OTHERS' market cap chart, just a cycle behind. -Instead of CRYPTOCAP:DOGE , you can change this to the Meme Coin market cap chart ( CRYPTOCAP:DOGE was basically the only meme coin in 2020 - CRYPTOCAP:SHIB came later). Currently Meme Coin Total Market Cap as of today 5/23/2024 is GETTEX:61B Market Cap ( CRYPTOCAP:DOGE MC is currently $23B) -2017 - #OTHERS MC peaked at GETTEX:70B MC. -2021 - #OTHERS MC peaked at 450B MC. -2021 - CRYPTOCAP:DOGE MC peaked at GETTEX:70B MC. -2024 - Meme Coins MC predicted to peak at ~$420B MC. CRYPTOCAP:DOGE , CRYPTOCAP:SHIB , CRYPTOCAP:PEPE , and CRYPTOCAP:WIF market cap index limited history, is the bright green line chart. Price is fractal, studying Market Caps is the alpha-leak. gl hf, make sure to book profits, NFA. - @CryptoCurb
CRYPTOCAP:OTHERSLong
by CryptoCurb
ADA - Cardano - The Charles ArmyADA - Cardano - The Charles Army Been awhile. I've pivoted to more rewarding chains. Ie. SOL and its smaller shitcoin prodigies. This one will go properly eventually; but I think your looking at about a 5x from here. Things like RAY, ORCA, JOE etc will probably do better. Might be wrong and the ADA market makers are instructed to pump this puppy like they used to. ie 100x from bottom. If Charles pivots this ship to be more developer friendly and .. cooler then maybe it goes bananas. This is for my old Cardano homies. keep your head up.
BINANCE:ADAUSDLong
by Crypto-Quantum-Fox
5
PEPE has NO BAG HOLDERS NO BAG HOLDERS PEPE in ATH you are anxious to get in but dont want to become a Baghklder ? Well how do you get in ? TA helps you : PEPE Ath D marabosu D timeframe is extended. Needs a 4h HL and eventually a D HL. 15 OS at 4h Ema 12 is worth a short for a shortterm flip for Daytraders. Patient bulls wait for Hourly Oversold (H OS ) for a D HL and D ema 12 to catch up. I am scaling out another half of my long with stops Keeping rest as its an ATH coin. All time high coins can run harder than the rest as there are NO BAG HOLDERS Remember never short a Bluesky Bull ! Better options to short everywhere .
by ChartmanChris
New Strategy Testing Consolidation HypothesisIf you see previous trades in this account, you'll notice this strategy has never been used before. This strategy consists of new indicators I created through my own research and back tested it using Yahoo Finance Data. Today I finally coded the indicators into tradingview, however I will not be sharing the code. Basically, the indicator is reading the trend as it currently is. Determining it's a bullish trend if the blue line is above 0 and the opposite is true. Once the blue line reaches the limits, then it's considered a local minimum or maximum. These however are not always activated, so it's up to the user to determine if the movement is way too close to the limit and therefore should close the position. However, it can also be possible that a strong trend causes many consecutive maximums to appear. It's up to the user to determine if the maximums are just part of a strong trend or actually a maximum. This exception happens more on the upside than the downside, making minimum signals more reliable. Looking at how the SPX has behaved and seeing it come out of a slump and with the elections coming up it would seem reasonable to see investors skeptical about the future. Whoever wins the election will have a heavy impact on the price action, however, I doubt investors will make up their mind until then. Therefore, it's reasonable to assume the market may stall before continuing its growth. Also allowing the technicals to reset for a healthy bullish setup for the long term. Warning: This is the first live test of this strategy!! Estimate time for price to increase : 1months-6 months Expect price to stall within the drawn range. For the following weeks I don't expect any mayor price movements until the elections, unless a sudden international event happens.
CME_MINI:ES1!Long
by DarkMessiah777
BTC Fractal - 3 Reasons why ATH is still COMINGI've been saying for some time now that the real ATH is still ahead of us. I base this on a few points of observation. First, the Elliot Wave Theory: Then we're taking a look at an inverse H&S pattern observed on the daily: Another bullish point to consider is that we have been able to hold above 60k successfully, showing that buyers are scooping up lower entries and putting pressure on bears. Historically, it is considered bullish for the price to consolidate under a resistance zone. Our technical indicator is also overwhelmingly bullish. After a cooldown from being "Overbought", we're now ready for another impulse wave up. And lastly, from a logarithmic view, BTC still has room for growth considering we haven't "peaked" out yet: Note that here, I'm not intending to say we're going straight to 400K with the next impulse wave. Rater, it is a multi-year outlook on how BTC could grow to much higher prices. In terms of the correction, we're seeing bullish indicators on the price and so it SEEMS that the pullback may be over and we're ready for another impulse wave up (3 steps). I used WXY to demonstrate how it legs up in three unique phases, on top of the normal Elliot 5 waves. And so it is important to note that even if we do fall lower to continue down with a correction, as long as we do not fall LOWER than the previous point X (as seen on the fractal in green) we are still very much in a macro bullish cycle. ___________________________ BINANCE:BTCUSDT MEXC:BTCUSDT
Long
by CryptoCheck-
5