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Bit-Insight-Hub
Bit-Insight-Hub
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Bitcoin 14% crash to 44k is starting (levels) Technical analysis Bitcoin has pumped significantly in the past few weeks, but nothing lasts forever, and markets always move in waves. I am expecting a 14% crash to 44k in the next few weeks. Why? We can see that the price is now below the ascending parallel channel, which is a sign of weakness. Also, as per my Elliott Wave analysis, we have finished the 5th wave of an impulse wave. What usually follows is an ABC correction or a WXYXZ complex correction. On the chart, you can see my levels, which you can use as support or resistance (profit target or entry point). These levels are very strong, and the market should react to them. Usually Bitcoin loves to bounce from 0.382 or 0.618 Fibonacci levels, and I think the bottom will be at 0.618 FIB. Let me know what you think about my analysis. Thank you, and I wish you successful trades. #Write2Earn #TrendingTopic #signals #Signal #SignalAlert $BTC $ETH

6 days ago
Crypto Fever
Crypto Fever
followers

🚨🚨 Bitcoin Analysis 🚨🚨 📍Bitcoin has pumped significantly in the past few weeks, but nothing lasts forever, and markets always move in waves. 📊I am expecting a 14% crash to 44k in the next few weeks. Why? We can see that the price is now below the ascending parallel channel, which is a sign of weakness. Also, as per my Elliott Wave analysis, we have finished the 5th wave of an impulse wave. What usually follows is an ABC correction or a WXYXZ complex correction. On the chart, you can see my levels, which you can use as support or resistance (profit target or entry point). These levels are very strong, and the market should react to them. 📍Usually Bitcoin loves to bounce from 0.382 or 0.618 Fibonacci levels, and I think the bottom will be at 0.618 FIB. 📊Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. #Write2Earn #TrendingTopic #BTC

6 days ago
Coinpedia
Coinpedia
followers

The post How High Will Bitcoin Price Hit Before Halving? appeared first on Coinpedia Fintech News Cryptocurrency analyst Eric Krown recently discussed the current state of the cryptocurrency market, pondering whether the dynamics at play indicate a significant departure from historical patterns. Krown opened up about the importance of relying on hard data and analysis when considering that “this time is different.” Krown begins by examining historical data related to Bitcoin’s previous halving events, represented by green bars. He notes a consistent trend where Bitcoin experiences a rally before each halving event, typically reaching about 70% off the prior all-time high. However, he points out a notable deviation in the current rally, which has surpassed previous highs by about 30%, with Bitcoin currently trading around $51,100. Next, Krown analyzes Bitcoin’s behavior concerning Fibonacci levels, particularly after reaching highs. Historically, Bitcoin tends to rally to the 50% to 61.8% Fibonacci levels before retracing to the 23.6%, where it finds support before further upward movement. However, in the current cycle, Bitcoin has surged beyond 61.8%, trading above $51,000, a phenomenon untouched in previous cycles. Krown offered information on Bitcoin’s recent price movements, considering its consolidation within a range defined by Fibonacci levels. He suggests that Bitcoin’s sideways movement and volatility contraction may indicate an impending breakout to the upside. Furthermore, he discusses the potential implications for altcoins, noting a rotational market where other cryptocurrencies like Ethereum are gaining traction. The analyst advises monitoring Bitcoin’s price action closely, particularly its ability to hold above the $51,000 level. A daily close below this threshold could signal a short-term correction, with support likely around $48,000. However, sustained sideways movement by Bitcoin could imply further upside potential.

7 days ago
CoinQuest
CoinQuest
followers

Bitcoin's Price Trajectory Before the Halving 📈💰🤯 Bitcoin's impending halving event has spurred intense speculation within the cryptocurrency community. Noted analyst Eric Krown recently explored whether current market dynamics deviate significantly from historical norms. Emphasizing the need for data-driven analysis over the assumption of "this time is different," Krown offered insights into Bitcoin's previous halving cycles and its current rally, which has exceeded past highs by around 30%, with Bitcoin now trading near $51,100. Krown also examined Bitcoin's behavior concerning Fibonacci levels post-rally, noting an unusual surge beyond the typical 61.8% threshold, a phenomenon not witnessed in prior cycles, with Bitcoin's price surpassing $51,000. Furthermore, Krown discussed Bitcoin's recent price movements, observing its consolidation within Fibonacci-defined ranges and suggesting that dwindling volatility might signal an impending upward breakout. He also touched upon the potential impact on alternative cryptocurrencies, highlighting Ethereum's prominence amid what appears to be a rotational market. In terms of actionable insights, Krown advised closely monitoring Bitcoin's price action, particularly its ability to sustain levels above $51,000. A dip below this crucial threshold could indicate a short-term correction, possibly finding support near $48,000. However, continued sideways movement could suggest further upside potential. 🚀 $BTC #Write2Earn #TrendingTopic #BTC #AmanSaiCommUNITY

7 days ago
Coinpedia
Coinpedia
followers

The post PancakeSwap and Uniswap Price Prediction: Will DEX Tokens Surge To New Highs? appeared first on Coinpedia Fintech News With the altcoins’ rising rank and a boom in the market cap of major coins, the crypto industry is gaining momentum. Further, as the market approaches $2 Trillion cap, the DEX tokens are resurging back into momentum.  With PancakeSwap (CAKE) and Uniswap (UNI) showcasing a trend reversal, the buyers are going out of control. So, let’s have a closer look at their charts. Will the CAKE price cross $4? Will UNI continue the uptrend to $1 this year? Let’s find out more in the price analysis below.  Will the CAKE price resurge to $0.25?  With a bullish revival, the CAKE price bounces above the 50-day EMA with a boom in trading volume. Sustaining dominance over the 200-day EMA, the altcoin avoids the death cross.  Source: TradingView With the buyers reclaiming the 38.20% Fibonacci level, the CAKE price is ready to challenge the $3 mark. Despite the recent jump above 50D EMA, the consolidation move presents a delay in the breakout. The bullish break of the $2.80 or $3 mark will signal an entry opportunity for the sideline traders and a trend reversal. With the altcoin on the verge of a breakout and improving market sentiments, the CAKE price can result in a jump to the $4 mark in the coming weeks.  Is Uniswap Topping $10 Soon? With a bullish jump of 34%, the UNI price is challenging the overhead resistance at $7.80. The ongoing brawl at this supply zone marks the possibility of a double-top pattern for igniting a correction phase.  Source: TradingView Moreover, as per the trend-based Fibonacci levels, the Uniswap prices need to revert from the 38.20% fib level. In case of a reversal, the altcoin will mark a successful post-retest reversal and could find a surge in trading volume.  With a $4.45B market cap, Uniswap ranks 22nd in the list of biggest crypto. Trading at a low of 84% from its all-time high of $44.97, the potential is huge in case the altcoin reverses its long-term trend.  Therefore, if the UNI price breaks the $7.80 mark, the breakout run can reach the $10 mark. 

7 days ago
Coinpedia
Coinpedia
followers

The post Why XRP Is Down Today? Here’s Are The Possible Factors Pulling The Curtains Down! appeared first on Coinpedia Fintech News As the SEC vs. Ripple lawsuit enters a pivotal phase, both parties are diligently crafting remedies-related briefs. This signifies a notable progression in the legal proceedings, with looming deadlines shaping the direction of the case. Notably, March 13 marks a key milestone for the SEC’s filing, followed by April 12 for opposing motions, and April 29 for final remedies submissions. Hence by April 29th, the court is expected to determine penalties for Ripple’s alleged institutional sales of XRP, potentially offering closure to the protracted legal battle. However in a recent breakout, it went beyond Ripple vs SEC, the SEC is yet again entangled in another legal mess. Here’s what happened and its impact on XRP at a glance.  XRP slips below $0.55 amid ongoing SEC v. Ripple lawsuit developments. March 13 marks a pivotal deadline as court prepares to determine penalties. Meanwhile, LEJILEX crypto exchange and CFAT sue SEC, challenging digital asset sales classification. #Maleyatupdates — Maleyat Group (@MaleyatGroup) February 22, 2024 Legal Battle Intensifies: LEJILEX Exchange Challenges SEC  Surprisingly, the LEJILEX crypto exchange and the Crypto Freedom Alliance of Texas (CFAT) have taken legal action against the SEC. Their lawsuit seeks a declaration affirming that secondary-market sales of digital assets, including those envisioned by LEJILEX, do not constitute sales of securities. This groundbreaking lawsuit underscores the mounting tensions between regulators and the crypto industry, as stakeholders seek clarity on the regulatory landscape. So far, Ripple has set an example in the industry by fighting and winning over the SEC, and this case will bolster efforts to save crypto from SEC manipulation. XRP is Poised for Further Price Correction From a technical point of view, investors and experts pay close attention to how the price of XRP changes. Even though it fell below $0.55, the 6th largest coin is still in the race. Analysts say that if XRP goes down even more, it might test the 23.6% Fibonacci level at $0.5219. But signs like the Moving Average Convergence/Divergence (MACD) show that things are going in the right direction, and the Awesome Oscillator (AO) suggests that the asset’s price trend might be about to change. Looking ahead, market participants are closely monitoring XRP’s behavior, particularly its ability to bounce back to the support levels and attain its upward trajectory. If XRP manages to rebound it could see retesting the 78.6% Fibonacci retracement level at $0.6073.  On the other hand, a sustained drop below $0.5219 may pave the way for further correction, potentially leading to a decline to $0.50. However, optimism remains high that XRP could recover its losses upon surpassing this critical threshold.

7 days ago
CoinQuest
CoinQuest
followers

Prepare for the imminent crypto bull run with these essential tips from my 7 years of experience💥 1. Trading success hinges on perseverance; don't quit. 2. Focus on probabilities, not absolutes, in trading. 3. Understand supply and demand's influence on price movement. 4. Customize your trading system to suit your preferences. 5. Analyze charts on both Higher and Lower Time Frames for better insights. 6. Recognize market trends accurately for profitable trades. 7. Keep your trading strategies simple for better results. 8. Prioritize effective risk management principles. 9. Your actions as a trader matter more than any setup or indicator. 10. Recognize market cycles and trade accordingly. 11. Utilize Fibonacci retracement levels for optimal entry and exit points. 12. Practice patience; wait for favorable trading conditions. 13. Familiarize yourself with the Smart Money Concept for market insights. Stay informed for future updates. #Write2Earn #TrendingTopic #BTC #AmanSaiCommUNITY

7 days ago
Crypto Universe official
Crypto Universe official
followers

⚠️BITCOIN EMERGENCY UPDATE 💥 high Alert ⚠️ Assessing Patterns: ✅ Yesterday, we discussed two potential scenarios for Bitcoin's price movement: a double top or a continuation pattern. As of now, there's no evidence of a double top formation. Observing Price Movement:👍 Despite some volatility, the price has remained within its range, suggesting a possible "flat-top triangle" formation, which typically indicates a continuation of the upward trend. Technical Analysis: 🧠 Considering the formation of this pattern and the price consolidation above the Pivot P level, along with the breakdown of the -27% Fibonacci zone on older time frames, there's a growing inclination towards short-term bullish movement. Price Targets:🎯 The short-term target levels to watch are 54K and 56K, where the R1 and R2 Pivot levels intersect, respectively. However, it's crucial to wait for the full formation of the triangle pattern and a confirmed breakout above its upper boundary. In summary, the current analysis suggests a potential short-term uptrend for Bitcoin, with key price levels to monitor and a cautious approach advised until the triangle pattern fully develops and confirms its breakout. 📈🔍 #Write2Earn #TrendingTopic #cryptouniverseofficial $BTC

8 days ago
Cryptoo Man
Cryptoo Man
followers

A lot of traders will hate me for sharing this for FREE, but I will delete this thread soon. Here are all the secrets from my 4 years of experience ➬ Some people learn faster than others. ➬ Some will achieve success in a few months, while others will take years. ➬ Someone will enter the market during a bull run. ➬ Someone will be happy because of the half-percent green candle. One thing sets successful people apart: they don’t quit. They don’t leave even though there is no positive result. And so that you do not end up among those who quit trading halfway, I tried to highlight some rules, the adoption of which will make your journey easier ① There are no absolutes in trading - there are only probabilities: You don't know where the price will go. You don't know how much you will earn this month. You don't know whether the next trade will bring profit or loss. All you are doing is constructing probabilities. ② Supply and demand are fundamental concepts that drive the movement of prices: When supply exceeds demand, prices tend to fall as sellers compete to find buyers. Conversely, when demand surpasses supply, prices typically rise due to increased competition among buyers. ③ There is no magic system: But there is a system that will suit you personally. You can make it out of anything. No matter what concept you use, if in your hands the RSI indicator is able to generate profits, great. If it's Fibonacci or smart money - also great! ④ Analyze the chart simultaneously on both the Higher Time Frame (HTF) and Lower Time Frame (LTF): The support and resistance levels on the higher time frame will be stronger. However, on the lower time frame, you may discover better entry opportunities. ⑤ The market always moves in two ways: Accumulation involves smart money gathering a large position in a specific asset, while distribution involves selling a substantial position in that asset. In between, there are markup and markdown phases. ⑥ Learn how to accurately identify a trend: A trend shows the direction in which the price is expected to move: Uptrend each low and high of the price is higher than the previous one. ➬ HH, HL Downtrend each low and high of the price is lower than the previous one. ➬ LL, LH ⑦ Simplicity = the key to success: The most profitable systems are assembled from primitive and understandable variables. There is no need to assemble a sports car from thousands of parts and mechanisms. A bicycle will be enough to help you earn money for this sports car. ⑧ Risk management principles are your holy grail: Many traders have decent systems but a terrible approach to risk management. A few adjustments can dramatically change the results. Personally, I use a 1:3 RR ratio in my trades, but this may vary depending on the trade. ⑨ The trader is at the center of everything: By itself, any setup is a useless piece of shit. It doesn't provide any advantage. The advantage lies in the person who trades the setup. How a trader acts in a situation is more important than any pattern or TA indicator. ⑩ Understand how the market cycles are simply working: Buy fear and sell euphoria, period. Low prices are an opportunity. High prices mean sales opportunities. ⑪ Understand how Fibonacci retracement works: Fibonacci levels help determine optimal times to buy or sell an asset. Key levels to watch are 0.5, 0.618, and 0.786. After a bullish price movement, simply draw the Fibonacci levels from the low point to the high point. ⑫ Be patient: Instead of chasing the price, let it come to a predetermined level and enter a position when this happens. Don't go surfing when there are no waves. Just wait. ⑬ Learn the basics of Smart Money Concept: Smart Money refers to experienced traders or institutions with insights and resources. The Smart Money Concept is a set of tools that can be used to track the actions of major players in the market. It operates on some principles Don't miss out on the next alpha! Follow and like $BTC $ETH #TrendingTopic #Write2Earn #BTC

7 days ago
Coinpedia
Coinpedia
followers

The post Bitcoin Price Prediction For March: Will BTC Price Hit New ATH In the Coming Month? appeared first on Coinpedia Fintech News Cryptocurrency analyst Kevin Cage shared his analysis on the current state of the market, focusing on Bitcoin’s possibility of achieving an all-time high price in 2024. Cage began by discussing his reasons for believing in Bitcoin’s upward trajectory, citing historical data and technical indicators. Cage began by stressing his belief in Bitcoin’s ability to achieve an all-time high price shortly. He pointed to historical trends and technical indicators, such as the 50% Fibonacci retracement level and the importance of monthly RSI levels. According to his analysis, Bitcoin could reach a new peak between March 18th and May 27th of the current year, with price targets ranging from $80,000 to $150,000 based on Fibonacci extensions. The analyst also addressed potential bearish concerns, including the possibility of Bitcoin retracing to around $20,000, explaining the importance of key support levels and chart patterns. Despite discussing the speculative nature of price predictions, Cage provided a detailed overview of the factors influencing Bitcoin’s price trajectory. Drawing parallels with previous market cycles, Cage pointed out that Bitcoin has consistently surged to record levels after surpassing this critical retracement level. Coming to altcoins, Cage discussed his recent investment in Cubic, a relatively new project in the AI sector. He mentioned Cubic’s founder, who was previously involved in developing Iota, underscoring the project’s potential for growth in the burgeoning AI-driven cryptocurrency space. Cage explained Cubic’s unique use case and the significance of computational power in solving AI-related tasks. Regarding price targets for Cubic, Cage noted the challenges posed by its initial supply and distribution model, which includes a weekly release of one trillion tokens over 19 years. However, he expressed optimism about the project’s deflationary mechanisms and fair launch.

8 days ago
Cointelegraph
Cointelegraph
followers

Bitcoin (BTC) is due a “pullback” around its next block subsidy halving, but the timing remains unclear. In his latest YouTube video on Feb. 20, popular trader and analyst Rekt Capital predicted BTC price action copying the 2016 and 2020 bull runs. Bitcoin analyst mulls timing of 2024 "pre-halving retrace" Bitcoin has ranged within a narrow corridor for over a week, with $52,000 acting as a resistance zone. While this has taken its toll on sentiment — as well as altcoin price performance — seasoned market observers remain optimistic. Analyzing previous runs to all-time highs, Rekt Capital identified key phases common to both bull market setups. “In the past, a macro downtrend break always precedes upside going into the halving,” he explained. “Then we have a pre-halving retrace and then a post-halving reaccumulation period and then parabolic price action toward new all-time highs.” An accompanying chart showed BTC/USD breaking its initial downward-sloping trend line, only to get caught in a resistance zone previously formed by it. Breaking through and then retesting as support — the “pre-halving retrace” phase — is what is missing in 2024 so far. “We’re going to have the same thing in this cycle as well,” Rekt Capital continued. The zone of interest when it comes to the pre-halving pullback lies at around $45,000, data from Cointelegraph Markets Pro and TradingView confirms. BTC/USD 1-month chart with Rekt Capital's retracement zone. Source: TradingView “The question is, ‘Are we going to retest this resistance this month in the pre-halving period?’ because notice how we are never able to do that in the pre-halving period across time,” he queried. Earlier, Rekt Capital concluded that BTC/USD had fully entered its pre-halving run-up, now adding that key price events were coming quicker this cycle than before. Sub-$50,000 BTC price levels come into focus Commenting on current price action, meanwhile, others saw little reason to flip bearish on the market amid the rangebound moves. Related: Why is Bitcoin price down today? “Bitcoin is trading at the exact same price as it was 7 days ago,” Caleb Franzen, founder of research platform Cubic Analytics, told subscribers on X (formerly Twitter) on Feb. 22. “Fluctuating between $50.6k & $53k for the past 7 days, but the lowest daily close has been $51.6k (which is also right where it's trading right now). I really don't understand the panic or the bear victory laps.” Responding, analyst Matthew Hyland broadly agreed, noting the significance of the 0.618 Fibonacci retracement level from all-time highs just above $48,000. “If $49k folds then the picture changes but consolidation in an uptrend favors a continuation of the uptrend,” he nonetheless cautioned. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

7 days ago
Cointelegraph
Cointelegraph
followers

Bitcoin (BTC) threatened a breakdown from its trading range at the Feb. 21 Wall Street open as resistance stayed firmly in place. BTC/USD 1-hour chart. Source: TradingView ETFs no silver bullet for Bitcoin bull market Data from Cointelegraph Markets Pro and TradingView showed ongoing retests of the lowest BTC price levels in a week. After hitting new 26-month highs of $53,000, Bitcoin saw immediate sell-side pressure — even even familiar sources of support, such as anticipation of buyer interest in the spot exchange-traded funds (ETFs), failed to lift the mood. Responding, popular trader Crypto Chase highlighted Bitcoin getting to grips with the so-called fair value gap (FVG) on daily timeframes, as viewed from Fibonacci retracement levels. “Looks ugly, but I've seen Bitcoin recover from worse,” part of accompanying commentary on X (formerly Twitter) read. $BTC4th test of Daily FVG. Looks ugly, but I've seen Bitcoin recover from worse. I'm flat here.Plans:-Daily close above 52.3K = focus longs.-Daily close through FVG = focus shorts.-If retrace is offered, buy dip starting at low 47K (46K~ possible too, but I'll frontload). pic.twitter.com/PEeNYSdDL0 — Crypto Chase (@Crypto_Chase) February 21, 2024 Summarizing his latest video update, Keith Alan, co-founder of trading resource Material Indicators, stressed that even ETF inflows could not be relied upon as a foolproof way of buoying the market. “Midway through the week we are seeing the BTC W candle slip into red territory,” he wrote. “There is certainly plenty of time for it to recover, and the massive amount of BTC ETF inflows should help mitigate some of the downside, but the fact that we are seeing this pullback despite the ETF demand indicates 2 things: 1. Even in the ETF era of Bitcoin, ‘Up Only’ isn't a thing. 2. BTC Whales are selling into the ETF demand.” Commenting on the status quo, however, popular trader Daan Crypto Trades called for calm. “Usually sentiment follows price. If sentiment precedes price without it actually following through, it's often a reason to pay attention,” he wrote in part of a recent X update. “There's something to say for both directions here but I do feel like the bearish sentiment is getting a bit ahead of itself as we've just been ranging for the last week or so without a clear break. Just wait for confirmation towards either side.” One of those days where it's good to remember the part of the cycle we're in.Lower timeframes look like dog poop, higher timeframes look primed for new all-time highs.Don't get shaken out.#Bitcoin pic.twitter.com/O2qxAT6alB — Jelle (@CryptoJelleNL) February 21, 2024 Fellow trader Jelle, known for his optimism on the market as it stands, had a similar angle. Nvidia earnings may spark "frothy week" Continuing, trading firm QCP Capital attributed BTC price weakness in part to high funding rates. Related: Open interest echoes $69K BTC price — 5 things to know in Bitcoin this week “Funding at these levels is typically difficult to sustain which means there could be a pullback in price after such a strong move higher,” it wrote in its latest market update sent to Telegram channel subscribers on the day. “We have already started to see some selling pressure earlier in Asia afternoon (BTC 50,630 low, ETH 2,880 low).” Bitcoin funding rates (screenshot). Source: CoinGlass QCP noted an upcoming source of potential volatility for risk assets in the form of earnings from tech giant Nvidia, these due after the U.S. close. “NVDA is currently trading at 90x P/E and Q4 earnings expectations have been adjusted higher recently,” it explained. “At these valuation multiples and high expectations on earnings, any disappointment could see a sell-off. That would certainly put a drag on US equities and crypto prices as well.” Nvidia (NVDA) 1-week chart. Source: TradingView Daan Crypto Trades likewise assigned significance to the earnings report. “If they beat bigly and price just goes up hard we can prepare for some volatile & frothy next week or two throughout most markets I think,” part of his own X forecast read. “Would prefer to see it cool off a bit so the markets don't get overheated too quickly.” This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

7 days ago
Crypto Daily™
Crypto Daily™
followers

With the Nvidia earnings report expected to be bad news in the stock market, this has spilled over into crypto. Bitcoin has just dipped under $51,000, and the altcoins are seeing some big red candles. Many were expecting the start of a decent correction when bitcoin hit $53,000 on Tuesday, and here we are on Wednesday with the alpha cryptocurrency down 2.7% on the day already. $BTC could be held up by support here, at least until the Nvidia news comes out, but altcoins are suffering much more. Altcoins down $28 billion Source: Coingecko/Trading View Total 3 market cap (market capitalisation of all cryptocurrencies, excluding $BTC and $ETH ) shows a clear picture of the altcoins. This does not look like a major dip at first glance, but thus far this is around 5%, which equates to a haircut of $28 billion for the altcoins. That said, the price is holding at this level. Should it break this support, there is another level of support at $520 billion.  Generally, when looking at some of the major altcoins, many of these have already dipped to their local support levels and some are now on the way back up.  Ethereum falls back below resistance Source: Coingecko/Trading View Ethereum (ETH) could be seen as a proxy for altcoin performance, and it can be noted in the long term weekly chart above that the $ETH price has now fallen back to the underside of the resistance band. Over the last three days it had almost reached the other side, but this Nvidia overhang has perhaps forced the pull-back. $ETH still looking bullish Source: Coingecko/Trading View However, in the shorter daily time frame it should be observed that $ETH still looks rather bullish. The price is inside an upward channel, and this could sustain the price if it came down to the bottom. Failing that, there is very strong support at $2,600, which also coincides with a fibonacci level.  Therefore, looking beyond the potential fallout from a possibly rather negative earnings report for the best performing technology stock in $NVDA, it will arguably be all systems go again for the crypto market. Traders must decide whether to buy the dip, or to start taking profits - never an easy decision to make. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

7 days ago
Cointelegraph
Cointelegraph
followers

Bitcoin (BTC) has been trading sideways for the past few days, indicating a tough battle between the bulls and the bears. Will the sellers overpower the buyers and start a short-term correction, or could the buyers come out on top? That is the question on every crypto investor’s mind. Dwindling hopes of an early rate cut by the Federal Reserve have resulted in profit booking in the S&P 500 Index. That could signal a risk-off sentiment in the near term, increasing the risk of a pullback in Bitcoin and select altcoins. Daily cryptocurrency market performance. Source: Coin360 However, the dip may not change the long-term bullish view. Investors are likely to view every dip as a buying opportunity because of Bitcoin’s upcoming halving in April, which has historically been a bullish event. What are the important support levels that may arrest the decline in Bitcoin and altcoins? Let’s analyze the charts of the top 10 cryptocurrencies to find out. Bitcoin price analysis Bitcoin is struggling to sustain above $52,000, indicating that the bears are fiercely defending the level. BTC/USDT daily chart. Source: TradingView If the price slips below $50,000, short-term traders may give up and book profits. That could pull the BTC/USDT pair to the 20-day exponential moving average ($48,842). If the price rebounds off the 20-day EMA with force, it will suggest that the sentiment remains positive and traders are buying at lower levels. That will increase the likelihood of a rally above $52,000. The pair could then jump to $60,000. Instead, if the price continues lower and breaks below the 20-day EMA, it will signal the start of a pullback to the 50-day simple moving average ($44,924). Ether price analysis Ether (ETH) turned down from the psychological resistance of $3,000 on Feb. 21, indicating profit booking by short-term traders. ETH/USDT daily chart. Source: TradingView In a strong uptrend, the corrections generally last between one to three days. The crucial support on the downside is $2,717. If the price snaps back from $2,717 with force, it will indicate that every minor dip is being purchased aggressively. That will enhance the prospects of a break above $3,000. The ETH/USDT pair may then rally to $3,300. Conversely, if bears tug the price below the 20-day EMA ($2,680), it will signal the start of a deeper correction to the 50-day SMA ($2,467). BNB price analysis BNB (BNB) turned up after a brief correction and surged above the $367 resistance on Feb. 21, signaling the resumption of the uptrend. BNB/USDT daily chart. Source: TradingView The upsloping moving averages and the RSI in the overbought zone indicate that the bulls are in command. If buyers maintain the price above $368, the BNB/USDT pair could pick up momentum and surge toward $400. The first support on the downside is at the 20-day EMA ($336) and the next is the 50-day SMA ($315). The bears will have to yank the price below the 50-day SMA to indicate a trend change. Solana price analysis Solana’s (SOL) rebound fizzled out at $115, and the price turned down on Feb. 19, indicating a lack of demand at higher levels. SOL/USDT daily chart. Source: TradingView The bears pulled the price below the neckline of the inverse head-and-shoulders pattern on Feb. 21, signaling that the bullish momentum has weakened. The 50-day SMA may act as a support, but it may not hold for long. If the support cracks, the SOL/USDT pair could start a decline to $93, which is an important level to keep an eye on. The first sign of strength will be a rise above the downtrend line. The pair could then attempt a rally to the overhead resistance of $126. XRP price analysis XRP (XRP) closed above the downtrend line on Feb. 19, but the bulls could not clear the hurdle at $0.57. This suggests that every minor relief rally is being sold into. XRP/USDT daily chart. Source: TradingView The bears are trying to pull the price below the moving averages. If they succeed, the XRP/USDT pair could dip toward the strong support at $0.46. Buyers are expected to defend this level with vigor. If the price rebounds off $0.46, the pair could climb to $0.57 and stay inside this range for some time. A break and close above $0.57 will suggest that the corrective phase may be over. The pair could then attempt a rally to $0.67. Cardano price analysis Cardano (ADA) turned down from $0.64 on Feb. 20, suggesting profit booking by the short-term traders. The price could reach the 20-day EMA ($0.57). ADA/USDT daily chart. Source: TradingView Buyers will have to defend the 20-day EMA aggressively if they want to keep the up move intact. If they do that, the ADA/USDT pair could rise to $0.64 and eventually to $0.68. A break and close above this resistance will signal the start of the next leg of the uptrend. On the contrary, if the price tumbles below the 20-day EMA, it will indicate that the bullish momentum has weakened. The pair may then consolidate inside a large range between $0.46 and $0.64 for a while. Avalanche price analysis The bulls defended the 50-day SMA ($36) on Feb. 20, but the bears sold the recovery to the 20-day EMA ($38.22) in Avalanche (AVAX). AVAX/USDT daily chart. Source: TradingView The 20-day EMA has flattened out, and the RSI is just below the midpoint, indicating a range-bound action in the near term. If the price breaks below the 50-day SMA, the AVAX/USDT pair may drop to $32, which is likely to act as a strong support. A solid rebound off the support could keep the pair between $32 and $42 for a few days. On the upside, the bulls will have to drive and sustain the pair above $42 to complete the inverse head-and-shoulders pattern and gain the upper hand. Related: Michael Saylor to forever buy Bitcoin — ‘No reason to sell the winner’ Dogecoin price analysis Dogecoin (DOGE) bounced off the 20-day EMA ($0.08) on Feb. 18, but the bulls could not overcome the barrier at $0.09. This suggests a negative sentiment where the bears are selling on rallies. DOGE/USDT daily chart. Source: TradingView If the price skids below the moving averages, the DOT/USDT pair could drop to the uptrend line. This is an essential level for the bulls to defend because if they fail to do that, the pair may start a descent to $0.07. This negative view will be invalidated in the short term if the price rebounds off the current level and rises above $0.09. That opens the doors for a possible rally to the $0.10 to $0.11 resistance zone. Chainlink price analysis Chainlink (LINK) bounced off the 20-day EMA ($18.81) on Feb. 20, but the bulls could not build upon the recovery. The price turned down and slipped below the 20-day EMA on Feb. 21. LINK/USDT daily chart. Source: TradingView The next stop on the downside is the breakout level of $17.32. This level may witness a tough battle between the bulls and the bears. If the price rebounds off $17.32 with strength, the LINK/USDT pair may rise to the 20-day EMA and later to the overhead resistance at $20.85. The zone between $17.32 and the 50-day SMA ($16.51) is likely to act as a formidable support on the downside. A break below this zone will suggest a potential trend change in the near term. Polkadot price analysis Polkadot’s (DOT) recovery stalled near the 61.8% Fibonacci retracement level of $8.21, indicating that bears continue to sell on rallies. DOT/USDT daily chart. Source: TradingView The DOT/USDT pair has reached the 50-day SMA ($7.18), which is an important level to watch out for. If this level gives way, it will suggest that the bulls are losing their grip. The pair could then drop to the neckline and subsequently to $6. The flattening 20-day EMA and the RSI near the midpoint suggest a range-bound action in the near term. If the price rebounds off the neckline, the pair could reach $8.21 and stay range-bound between these two levels for some time. The bulls will be back in the game on a close above $8.21. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

7 days ago
CoinEdition
CoinEdition
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FET might drop to $0.68 but the price might extend to $3 in the long term. If traders continue to book profits, WLD’s price might plunge to $5.76 before another rally. Entries between $595 and $682 could be great for TAO traders looking to hold in the short and long term. Altcoin Sherpa, a popular crypto analyst on X, told his 207,600 followers to watch AI-themed cryptocurrencies. According to Sherpa, the recent parabolic moves by some of the tokens including Fetch.ai (FET), Worldcoin (WLD), and Bittensor (TAO) do not mean that they have hit their peaks. The analyst, however, noted that the tokens might pull back. But if the prices hit the 0.236 and 0.382 Fibonacci retracement points, then traders should buy. Going to post some AI coin potential entries. Given how hard some of these are going, I would view the .236 fib and the .382 fib areas as good starter points. $FET $WLD $TAO WOULD NOT GO ALL IN on any 1 entry. DO NOT FOMO. A pullback probably coming soon. These are more for… pic.twitter.com/XfW3Sx6iOs — Altcoin Sherpa (@AltcoinSherpa) February 19, 2024 Fetch.ai (FET) FET’s price tapped a two-year peak and reached $1.12 on February 19. However, the 4-hour FET/USD pair showed that the cryptocurrency has printed a bearish candle. This resulted in a decline to $1.00. Meanwhile, a look at the 0.236 Fib level showed that the token might decrease to $0.68. In a highly bearish scenario, the price might drop to $0.64 where the 0.382 Fib level was. But as Sherpa said, a possible nosedive to these levels could serve as great entry points. In the meantime, the Relative Strength Index (RSI) had fallen to 64.84. This implies that the previous bullish momentum had subsided.  FET/USD 4-Hour Chart (Source: TradingView) Should the RSI reading continue to slide, FET’s price might drop to $0.91 within the next few days. However, in the long term, the token value could extend as high as $3 to $5. But that might only happen if the AI narrative remains very present. Worldcoin (WLD) WLD’s price hit $8 on February 19 but was quickly rejected as the price fell to $6.65. Around the same period when WLD hit $8, the Money Flow Index (MFI) hit 93.96, indicating an influx of capital into the cryptocurrency. However, the MFI at press time had declined to 44.84. This suggests that market players have been taking out their liquidity. This decrease was also a sign of profit-booking which could further draw down WLD’s price. WLD/USD 4-Hour Chart (Source: TradingView) In a highly bearish situation, WLD might plunge to $5.76 where the 0.382 Fib retracement was positioned. But if bulls can defend the price action, a good entry can appear around $6.63. Should this be the case, buying pressure might help WLD climb as high as $10. Bittensor (TAO) For TAO, signals from the Fibonacci retracement were a little different. Unlike WLD and FET which placed the 0.236 Fib level below the current price, the Fib level for TAO was at $682.83. At press time, TAO’s price was $595.19. Furthermore, the 0.382 Fib level was at $658.94. This implies that buying the cryptocurrency between $595 and $682 could serve as a good entry for traders looking to hold for the short and long term. TAO/USDT 4-Hour Chart (Source: TradingView) However, the Awesome Oscillator (AO) reading was negative, indicating increasing downward momentum. As it stands, TAO’s price might drop as low as $545. But in the long run, a push toward $1000 looks likely. The post TAO, FET, and WLD May Offer Better Buying Opportunities: Analyst appeared first on Coin Edition.

7 days ago
Crypto Universe official
Crypto Universe official
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LUNCUSDT URGENT Update: 📈 LUNC price recently encountered resistance at the 0.382 Fibonacci level, yet it maintains its position above the 50-week moving average, signaling potential bullish momentum. A weekly close above this Fibonacci level could solidify a strong bullish sentiment, indicating further upside potential. 📈🤔 ✅Support Zone:✅ LUNCUSDT's support zone ranges from 0.00008357 to 0.00005441, providing a crucial buffer against potential downturns. Traders should monitor these levels closely for potential buying opportunities. 💼💰 Midterm Target:🤑 The midterm target for LUNCUSDT stands at 0.00019793, presenting a promising opportunity for growth in the near future. Traders may consider this target for potential profit-taking strategies. 🎯💸 Long-Term Target:💵🤑 Looking ahead, the long-term target for LUNCUSDT ranges from 0.0002803 to 0.00033249, offering substantial potential returns for patient investors. 🌟💼 Notes on Trading: Remember, trading is not akin to gambling; it requires learning and strategic execution. Embrace risk management practices, such as the Dollar-Cost Averaging (DCA) method, for sustained success in the volatile market. 📚💡 Spot and Future Buying: For spot buying, allocate only 20% of your wallet size and hold positions for 3-5 months to potentially earn 5-10x returns. For future buying, limit your wallet size to 3% and adhere strictly to risk management principles. 🛒💼 🥰Happy Trading!😊🥰 Wishing you profitable and fulfilling trading experiences as you navigate the dynamic world of cryptocurrencies. Stay informed, stay disciplined, and may your trades be prosperous. 🚀💰 #Write2Earn #TrendingTopic #cryptouniverseofficial $LUNC

8 days ago
Coinpedia
Coinpedia
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The post DOGE, SHIB and FLOKI Price Analysis: Why Should You Buy Meme Coins Right Now? appeared first on Coinpedia Fintech News Amidst the altcoin season, the Bitcoin price is taking a short nap and warns of a pullback as the momentum shifts towards the altcoins. However, the top meme coins known for their volatile, sharp, and long jumps are taking a slower approach this season.  However, this moment brings one of the best opportunities to buy top meme coins before the actual bull run starts. With 8,776 blocks until Bitcoin halving, we are in the Pre-halving rally, and the bull run is expected to gain momentum as we step closer to the fourth halving event.  Hence, with the potential for 10x jumps, let’s have a look at the Top Meme Coins, which are Dogecoin (DOGE), Shiba Inu (SHIB), and FLOKI (FLOKI). Top Meme Coins To Buy Right Now: Dogecoin (DOGE) Source – TradingView Exciting out of a falling wedge pattern, the DOGE price trend is riding the wave of a breakout rally. Further, the recent spike from the 50-day EMA, Dogecoin, presents a trend reversal opportunity in the biggest meme coin. With the recent turnaround accounting for a 12% jump, the meme coin claims the $0.0887 mark, aligning with the 23.60% Fibonacci level. Further, the spike in trading volume supports the uptrend in motion.  Currently, the DOGE price trades at $0.0883 with an intraday move of a 1.45% drop. Nevertheless, the trend-based Fibonacci extension projects a bullish target at $0.1411 in this “Pre-Halving phase.” Shiba Inu (SHIB) Source – Tradingview Being the second biggest meme coin per market cap, the SHIB price signals a positive sign with the wedge breakout. Reclaiming the 50-day EMA to avoid the downtrend continuation for a death cross, the meme coin is buzzing again.  With the trading volumes resurfacing to the last recovery phase levels, the ongoing breakout run for Shiba Inu is offering one of the best buying spots. Shy from the $0.000010 psychological mark, the meme coin is ready to skyrocket from this milestone.  With the 200-day EMA sustaining a positive trend, the SHIB price trend is officially in an uptrend. Optimistically, the Shiba Inu price jump can scale to $0.000015 as per the Fibonacci retracement levels.  Currently, the Shiba Inu price trades at $0.00000983, with a lower price rejection candle presenting a potential jump in coming sessions.  Floki Inu (FLOKI) Source- TradingView Presenting a high momentum bullish breakout trend, the FLOKI price performs better than the top meme coins. Surpassing the 50-day EMA, the Floki Inu price trend displays the trendline breakout as a triangle break with the 200-day EMA as the ascending boundary.  Further, the breakout run retests the 61.80% Fibonacci level breakout successfully and challenges the 78.60% level at present. Currently, the FLOKI price trades at $0.000035833, bringing an intraday growth of 1.49%.  As per the Fibonacci levels and the growing momentum, the FLOKI price is expected to outperform DOGE and SHIB this month. As the price action expects the breakout run to reach $0.000042. 

9 days ago
SpaceCatch
SpaceCatch
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The Ethereum price is showing positive trends and is holding above the $2,850 level. With ETH poised for further gains, it seems it may head towards the $3,000 resistance. Summary: Ethereum is gradually gaining value above the $2,800 support level.Currently trading above the $2,850 price and surpassing the 100-hour moving average.On the hourly chart of the ETH/USD pair (data source: Kraken), a key bullish trend line has emerged with support at the $2,910 level.The price could aim for the $3,000 resistance. Ethereum Maintains Support The Ethereum price continues its steady rise and has surpassed the $2,850 support level. It has also exceeded the $2,920 resistance and is trending higher than Bitcoin. However, it has not yet touched the $3,000 resistance. A new multi-week high near $2,984 was reached, and now the price is consolidating gains. Ether maintains stability at the 23.6% Fibonacci retracement level from the recent rise from $2,723 to the peak of $2,984. On the ETH/USD hourly chart, a key bullish trend line is forming with support at the $2,910 level. The price is currently trading above $2,850 and the 100-hour moving average. The first significant resistance is the $2,940 level, followed by stronger resistance near $2,985. The key resistance boundary is at $3,000, breaking which could lead to a test of the $3,050 resistance. If the bulls push the price above $3,050, Ether could see further growth towards $3,120, with potential growth up to $3,250 in the near future. Further gains could test the $3,350 level. Potential Ethereum Correction If Ethereum fails to surpass the $2,940 resistance, a downward correction may begin. The first support is near the $2,910 level and the trend line. Another important support is the $2,850 level or the 50% Fibonacci retracement from the recent uptrend. If the price drops below $2,850, it may head towards the $2,840 level or the 100-hour moving average. The crucial support could then be the $2,780 level. A drop below this level could lead to further losses towards $2,720 in the coming days. Technical Indicators: The hourly MACD for ETH/USD indicates a strengthening bullish trend.The hourly RSI for ETH/USD is now above the 50 value.Major support levels: $2,850Major resistance levels: $2,940   $ETH #ETH #Ethereum #Bull   Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

8 days ago
Trading with Insider - Smart Money
Trading with Insider - Smart Money
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Everything in world is cyclical, and history repeats itself time and again. Crypto is no exception. All bull runs started a year before and continue for a year after BTC halving. Every time we think the cycle must eventually end, and each time we REKT again. Many don't get why TA works; it's simple: Charts aren't just candles; they reflect market sentiment.Each movement signifies one thing: crowd manipulation.To earn, you don't need to blindly memorize chart patterns but understand the meaning that whales, put into them. 1. Identify the charts Analyze chart from higher time frame to lower one cause: ✧ The higher time frame support and resistance levels will be stronger ✧ U need to Identify the trend starting from higher tf, cause it could be uptrend on 1d but u'll think the market is bearish since it is on 1h 2. Understand how support levels work: Support level - a price range that attracts traders' interest. ✧ The more touches and rejections, the more significant the level becomes for prices, but after 4-5 touches, the level often breaks through, and here's why: With each touch, new players enter long positions at this level, placing stop losses below it, where whales hate everyone. Prices are intentionally squeezed down, liquidating long positions, and then continue pushing the chart upwards. You can open a position by entering where the bullish impulse started, placing a short stop loss below the close of that candle. There's a large volume of purchases = a strong level, which is likely to pull the price back up, unless the trend changes. 3. There are three types of trends Flat - when the price is roughly within the same range.Uptrend - each subsequent low and high of the price is higher than the previous oneDowntrend - each subsequent low and high of the price is lower than the previous one 4. How to use Fibonacci retracement Fibonacci levels are used to determine optimal buying points for an asset. ✧ Key levels include: - 0.5 (50% price correction) - 0.618 (61.8% price correction) - 0.786 (78.6% price correction) ✧ After a bullish price movement, draw levels from the bottom point to the top ✧ These levels will indicate optimal buying zones ✧ It's not a cure-all, but it can be used as an auxiliary tool when you need more confirmation ---------------------- And finally, work on yourself by creating your system: You might know everything in crypto and trading, but if you can't control your emotions, your only path is to McDonald's.

9 days ago
Coinpedia
Coinpedia
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The post Fetch.ai and Worldcoin Price Prediction: AI Coins Present Retest Entry For Wild Returns appeared first on Coinpedia Fintech News The Artificial Intelligence coins are making a comeback with a boom after the announcement of the text-to-video update by OpenAI. Skyrocketing the demand at an astronomical level, Fetch.ai and Worldcoin are making waves in the crypto world.  Further, the growing momentum in the altcoin market, the rising desperation and the confidence of old investors are fueling the bull run.  Following the remarkable jump last week, let’s check if the crypto AI coins have enough fuel to continue running this week.  So, let’s have a look at the FET and WLD price charts for a trend continuation.  Will Fetch.ai Price Jump 30% With This Retest? With a continuation of the bullish trend, the FET price dominates the $1 mark, accounting for 90% in the last two weeks. Further, the explosion in buying pressure reflected in the trading volume supports the possibility of an uptrend continuation.  Source: TradingView Rising into the Top 100 biggest crypto per market cap, Fetch.ai is closing to the $1 Billion mark, currently standing at $837 million. Fetch.ai offers a decentralized network that makes AI technology accessible to everyone.  Through a permissionless platform, users can easily connect and utilize secure datasets. Autonomous AI agents carry out tasks, leveraging a worldwide network of information, enabling seamless execution of complex functions. As per the trend-based Fibonacci levels, the uptrend is retesting the $1 breakout and may shortly prolong the prevailing uptrend. Further, with the potential $1.10 breakout, the AI-based altcoin can reach the $1.3161 mark.  Is Worldcoin Ready For A New All-time High? With more than double the growth of Fetch.ai, Worldcoin displays an astronomical jump of 204% in the last two weeks. With a basis point shy of $8, the WLD coin price reverts to retest the breakout of $6.23.  Accounting for an intense but comparatively shorter pullback of 12%, the WLD price forms a piercing bearish candle in the daily chart.  Source: TradingView In the weekly chart, however, the bullish dominance is undeniable and projects a potential trend continuation. Despite the higher price rejection in the weekly candle, the WLD coin is projecting a new breakout run in the coming weeks. Ranking at the 84th position with a $881 million market cap, the biggest AI coin is closing in on the $1 Billion market cap.  As per the technical analysis, Worldcoin can reach the $10 mark in the coming weeks. Further, the recent $6.2 retest will signal an entry spot to buy the dip. Upon the post-retest reversal, the path to $10 might be a comparatively quicker one. 

8 days ago

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