COINBASE:AGLDUSD Taking a look at Adventure Gold / Adventure Layer project, we are seeing steady growth within our upward channels. With the help of Top Gainer listing on Coinbase, and strong project fundamentals, ALGD has been up in the range of a wonderful 30-40% today and continues to rise with some exciting pumps happening throughout the trading day. There looks to be some entry opportunities here for some good trades in the next cycles. As the price is currently peaking around 2.7036 - 2.7300 USDC, we will likely see a down-wave, followed by another good positive wave up. Keep a close eye on the charts here, especially down around the 1m, 2m timeframe if you are looking for some quick day trades. It might have topped out for the day, but hard to tell since there are definitely indicators of continued buying activity in this hot market. They even have a page on Forbes, very nice. Remember Habibi, the desert tests your will, not your strength. https://www.forbes.com/digital-assets/assets/adventure-gold-agld https://adventuregold.org https://adventurelayer.xyz https://coinmarketcap.com/currencies/adventure-gold
it's important to zoom out frequently to gain some additional perspective. I've given some wild targets for the next 12-18 months and most probably think it's silly, but I can assure it is not. I don't have to be right and it may not be as bad as I think although I highly doubt that. Either way, this is a one month chart going back to the late 90s with what I consider to be the most important longer term levels. It's very easy to get caught up in what's happening now and hopefully we've all made money on the rally, but the last two years has just been a final blow off that happened rapidly at the end of a 15 year bull run, not so significant in the end. I don't actually know what will happen or how far it will fall, but TA can help with that. Maybe we will enter some sort of alternate dimension and it never falls, who knows. Seems extremely unlikely to me, but we'll see. A summary of downside targets and potential paths I will look for: - First target is going to be the ascending trendline from the dotcom peak to the 2021 ATH. A retest of this trendline should be the first stop and it would be a big correction. Many would expect this to be enough, but in reality we won't even be in a bear market until it is broken. - Next two targets are the 2021 ATH and ascending trendline from the COVID bottom. This would put us around 4,800 and may be considered the most reasonable downside target before a recovery. I would also say that in reality we have not even entered a big correction unless these levels break. - If we cannot hold the 2021 ATH, next stop is the ascending trendline from the 2009 bottom and the bottom in 2022 almost right at 3,500. Personally I think this is a reasonable spot to expect a bottom, but this would be the best scenario if you ask me. This would be bad, but not 1929 material. - If we cannot hold 3,500 then it starts to get ugly and I see this as most likely. I think the ultimate bottom will be in a range anywhere from the COVID low down to the 2000/2008 peak. basically 2,200 - 1,500. It's at that point I think things will begin to turn around, but I still have hope for a bottom around 3,500 instead. There you have it. I'm posting this now for you all to laugh at, I'm afraid the laughter and mockery will age like milk, but only time will tell. I hope I'm wrong and if I am, that's a win as far as I'm concerned. Remember, it doesn't matter how confident I am, if these major levels are not broken it won't happen and I won't bet on it, still playing the fluctuations and beginning to build longer term short positions for now. Price will move from key are to key area as it always does. The fluctuations in between are largely insignificant and predicting how extreme the market may get and when is nearly impossible. I've been warning about this publicly since June, my timeframe has always been the fall of 2024 and after the first rate cut with a potential catalyst at any moment before. The market shrugged of all negative catalysts in classic fashion and we melted up instead obviously. However, I think the extreme drops and volatility we have had are noteworthy. This is very similar to 1929 where in the months leading up to the crash we had several huge dumps that recovered in the same day. Highly unusual, eventually there will be no recovery. These events like in early August just show how overleveraged vulnerable the market is toa catastrophic margin call event. TLDR: I think I have posted enough on this topic, but I feel like I'm losing my mind seeing something like 90% of Americans say they do not expect a recession anytime soon so it makes me want to keep going. This is very concerning to me which is why I'm doing it, so maybe I can help educate and stop this from happening again in the future. I don't have much hope unless we abolish the federal reserve, but maybe my efforts can help one person or a few at least. If we all continue to do nothing, we will forever be stuck in this dreaded cycle of engineered recessions and bull markets that are controlled entirely by a very small group of people who do not have America's best interests at heart and lie uncontrollably while they are doing it. If you made it this far, thanks for reading. This is exactly what a major top looks like it, it could not be more obvious and I want teach people how to identify these things using the most basic tools such as the bond market and retail sentiment. Saylor is running back his dotcom ponzi bust at 10x the scale and it is terrifying. Retail is going to get rugged so hard on stocks and BTC, while having perhaps the highest investor confidence level in history. Retail is all in on stocks and BTC with confidence soaring more each day as if it's impossible to lose. I have never in my life seen the bullish sentiment for something be so extreme as it is right now on BTC. This does not end well, it is just a matter of time. Maybe do some research on cryptography rather than repeating the same meaningless buzz words like "decentralized." I don't expect many will care or read what I say right now, but hopefully this archive of information I'm creating in the moment can be here to view in the future for educational purposes. Godspeed.
A large amount of traders on X or crypto shitter are pitching the idea of a life changing alt season. Many are posting nonsense like a face melting gains and we are all gonna be rich. This is pure buffoonery. Real traders see the signs and go against the herd. Bitcoin losing 93k signals a deep correction. One that would demolish alt coins in the process. Anything goes in this yet unregulated world of crypto. Play your hand accordingly and brace yourselves for the worst.
#Altcoins index TOTAL2 and TOTAL3 I think the corrective wave candle formed in the 2w time frame will serve as fuel for the new upward wave starting next week! No structure here to cause panic selling, I'm holding on to my Altseason bag and continuing to eat dips!
? Welcome to TradeCityPro Channel! Let’s analyze another crypto asset during the holiday season and Christmas. This is the perfect time for learning and analysis so that we don’t miss out during market moves. ? Overview Bitcoin As always, let’s analyze Bitcoin before diving into today’s altcoin. In the 1-hour timeframe, Bitcoin is still inclined to drop, and red candles have pushed the market into an oversold condition, likely reaching the 92722 zone. Try to stay calm and unaffected by the green and red candles. If 92722 is broken, we could target lower levels such as 86K and 81K. I have personally reserved funds for these levels. If Bitcoin dominance rises during this drop, altcoins are expected to experience sharper declines. https://www.tradingview.com/x/2DTuFFXE/ ? Weekly Timeframe In the weekly timeframe, DYDX is among the coins that remain in its large box and has only risen slightly from the support of its smaller box, experiencing a drop after getting rejected at 2.6416. Most crypto coins are within their boxes, which can be considered long-term accumulations. With an influx of capital and hype, they could break out and start strong upward trends. Personally, I avoid buying within the box, The 2.6416 level has become a key resistance. After breaking it, I’ll either enter at 4.3322 or wait for opportunities in lower timeframes. If holding this coin, consider exiting after the 0.8572 level is broken. https://www.tradingview.com/x/Jf6CX44Z/ ? Daily Timeframe In the daily timeframe, after forming a box between 0.8572 and 1.3409 and breaking out, DYDX experienced an upward move to 2.6416, followed by a correction. During the upward move, volume increased significantly, while it has decreased during the corrective moves, indicating a potential bullish signal. The price has now returned to the top of the previous box, which has turned into a strong support level. This level coincides with the 0.618 Fibonacci retracement, further confirming its importance. Personally, I won’t buy at this point but may consider entering early after observing a strong candle or if it ranges between 1.3409 and 1.5977 and breaks the range’s top, depending on Bitcoin dominance conditions. ⏱ 4-Hour Timeframe In the 4-hour timeframe, a structure has finally formed, allowing for futures trading. Positions can be opened after breaking either side of the box for quick profits. ? Short Position Trigger After breaking 1.4098 or with strong momentum in lower timeframes. ? Long Position Trigger The 1.5977 level gains importance with each test, and breaking it could allow for long entries. However, given the low market volume during the holidays, ensure trades have tight stop losses and quick profit-taking. https://www.tradingview.com/x/vZVQjq6J/ ? BTC Pair Insight DYDX’s situation against Bitcoin isn’t great, with a baseless upward move followed by a return to its support level. Be patient; after breaking 0.00002667, this coin can break its resistance levels against Bitcoin and show upward movements against USDT. https://www.tradingview.com/x/p0t3CK7q/ ? Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
The Silver (XAG/USD) is reacting off the pivot which acts as an overlap resistance and could drop to the 1st support which has been identified as a pullback support. Pivot: 29.97 1st Support: 28.00 1st Resistance: 30.95 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
? ? ? **Stop Loss (SL):** Below **1.94** ? **Entry:** Above **2.11** ? **Target 1 (T1):** **2.26** ? **Target 2 (T2):** **2.50** ? **Why Trade:** Anticipated triangle breakout on Monday with strong bullish momentum. ✅ **Conclusion:** Prepare for Monday's open; monitor breakout confirmation and volume for entry. ??
Markttechnik : Primärer Trend (Langfristig, Wochen-Chart): Der übergeordnete Trend zeigt eine Korrekturphase nach einem signifikanten Aufwärtstrend. Aktuell befindet sich der Markt in einer Seitwärtsbewegung, was durch das Zusammenziehen der Bollinger-Bänder und die flache EMA-Linienstruktur (200 EMA bei 1,93 USDT als Unterstützung) bestätigt wird. Sekundärer Trend (Tages-Chart): Ein Abwärtstrend mit tieferen Hochs und tieferen Tiefs ist klar erkennbar. Die Ichimoku-Wolke signalisiert weiteren Druck, da der Kurs unter der Wolke liegt. Intraday-Trend (15-Minuten- und 1-Stunden-Chart): Starke Schwankungen und ein intakter kurzfristiger Abwärtstrend. Volumen und Momentum sind rückläufig, was auf eine mögliche Konsolidierung hinweist. Elliott-Wellen-Analyse : Wellenstruktur : Aktuell könnte sich die 4. Welle einer Korrekturformation (ABC-Muster) entwickeln. Eine mögliche Fortsetzung der 5. Welle nach unten ist wahrscheinlich, falls keine Unterstützung bei 2,12 USDT hält. Projektionen : Zielbereich der 5. Welle: 2,00 - 1,97 USDT, basierend auf Fibonacci-Retracements und vorherigen Wellenprojektionen. Trading-Setup Einstiegsmöglichkeiten : Short : Einstieg bei 2,13 USDT, falls der Kurs die Unterstützungslinie bricht (Stop-Loss bei 2,17 USDT). Long : Einstieg bei einem Rebound über 2,14 USDT (Stop-Loss knapp unter 2,12 USDT). Ziele : Short-Trade : Zielzone 2,00 USDT (Take-Profit). Long-Trade : Zielzone 2,18 - 2,20 USDT (Take-Profit). Risikohinweis : Maximal 1-2 % des gesamten Portfolios riskieren. Einsatz eines Stop-Loss ist obligatorisch. Berücksichtigen Sie hohe Volatilität und mögliche Falschausbrüche. Prognose Kurzfristig (Tage bis Wochen) : Die Kurse könnten kurzfristig weiter fallen, da der MACD bearish und das RSI (15-Minuten) bei 28,84 stark überverkauft ist. Ein Rebound ist jedoch möglich, sobald sich die Volumenentwicklung stabilisiert. Mittelfristig (Wochen bis Monate) : Solange der Preis unter der Ichimoku-Wolke (Tages-Chart) bleibt, bleibt der mittelfristige Trend bearish. Zielunterstützung: 2,00 USDT. Widerstand: 2,30 - 2,35 USDT. Langfristig : Der Markt zeigt Anzeichen einer Bodenbildung, was auf eine mögliche Akkumulation hinweist. Diese Phase könnte im Laufe des ersten Quartals 2025 enden, mit einer potenziellen Umkehr nach oben. Risiken und Disclaimer Risiken : Die Analyse basiert auf historischen Daten und wahrscheinlichen Szenarien, bietet jedoch keine Garantie für zukünftige Entwicklungen. Utopische Prognosen anderer Analysten (wie z. B. 5-10 USDT kurzfristig) sollten kritisch betrachtet werden, insbesondere da die aktuellen Daten keinen solchen Anstieg unterstützen. Disclaimer : Diese Analyse dient ausschließlich Informationszwecken und stellt keine Anlageberatung dar. Investitionen in Kryptowährungen sind mit hohen Risiken verbunden. Sie könnten einen Teil oder Ihr gesamtes Kapital verlieren. Copyright © 2024 ChartWiseInsights. Alle Rechte vorbehalten.
Three crypto industry groups — the DeFi Education Fund, the Blockchain Association, and the Texas Blockchain Council — are suing the Internal Revenue Service to block new regulations that require decentralized finance (DeFi) entities to report customer information. The IRS has been finalizing crypto tax regulations as part of the Biden Administration’s Infrastructure Investment and […] © 2024 TechCrunch. All rights reserved. For personal use only.
The price of bitcoin is dangerously close to the neckline of the head and shoulders pattern. Will it find support and work its' way higher? It's already trading below the 20 and 50 day moving averages, and the 200 day is a long way away, so it won't find support there. Or will it continue down through the neckline and set up an new base below this one? I have no idea, and anyone telling you that they do is a liar. But if you're buying here be careful. NVDA recently had a very similar set-up. I bought it as it turned back up, after I believed it had found support below the 20 and the 50 day. So far that trade has worked out for me, but that doesn't mean that BTC will do the same.