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Let's take a look at this #bitcoin☀️ chart like we're analyzing the world's most expensive roller coaster ride!
#BTC☀ Market Analysis: The Crypto Coaster
📅September 7, 2024
The Descending Range: The Not-So-Fun Slide
Our favorite coin seems to be stuck in a descending channel that would make any theme park proud. We're talking about a gradual downward slope that's been ongoing since March. It's like Bitcoin decided to take the scenic route... downhill.
The upper and lower boundaries of this channel are acting like those safety bars on a roller coaster - keeping the price contained, but also making us all a bit queasy.
The current price, sitting at around $54,755, is flirting dangerously close to the lower boundary. It's like Bitcoin is daring us to guess: will it bounce or break through?
Volume: The Crowd Goes Mild
Looking at the volume bars at the bottom, it's clear that the party isn't as wild as it used to be. We're seeing lower volumes compared to the spikes in March and that massive red candle in August (talk about a drop!).
Entry Point: Bargain Hunting or Catching Falling Knives?
Now, here's where it gets interesting. With the price nearing the lower boundary of the channel, some might say this looks like a tempting entry point.
But remember, folks, in the world of crypto, sometimes a bargain can turn into a "got any spare change?" situation real quick. The price could bounce off this lower boundary , or it could break through.
Conclusion: To Buy or Not to Buy, That is the Question
If you're feeling brave (or maybe just a bit reckless), this could be an entry point with some potential. The descending channel suggests we might see a bounce, but don't bet your lunch money on it.
I would instead wait for some confirmation on the next 4h candles, higher volume or lower resistance.
In any case, we are watching and we are prepared💪
#BTC☀ Market Analysis: The Crypto Coaster
📅September 7, 2024
The Descending Range: The Not-So-Fun Slide
Our favorite coin seems to be stuck in a descending channel that would make any theme park proud. We're talking about a gradual downward slope that's been ongoing since March. It's like Bitcoin decided to take the scenic route... downhill.
The upper and lower boundaries of this channel are acting like those safety bars on a roller coaster - keeping the price contained, but also making us all a bit queasy.
The current price, sitting at around $54,755, is flirting dangerously close to the lower boundary. It's like Bitcoin is daring us to guess: will it bounce or break through?
Volume: The Crowd Goes Mild
Looking at the volume bars at the bottom, it's clear that the party isn't as wild as it used to be. We're seeing lower volumes compared to the spikes in March and that massive red candle in August (talk about a drop!).
Entry Point: Bargain Hunting or Catching Falling Knives?
Now, here's where it gets interesting. With the price nearing the lower boundary of the channel, some might say this looks like a tempting entry point.
But remember, folks, in the world of crypto, sometimes a bargain can turn into a "got any spare change?" situation real quick. The price could bounce off this lower boundary , or it could break through.
Conclusion: To Buy or Not to Buy, That is the Question
If you're feeling brave (or maybe just a bit reckless), this could be an entry point with some potential. The descending channel suggests we might see a bounce, but don't bet your lunch money on it.
I would instead wait for some confirmation on the next 4h candles, higher volume or lower resistance.
In any case, we are watching and we are prepared💪
The lorentzian ML tradingview indicator did it again.
Available with Sublimetraders services.
Available with Sublimetraders services.
Bitcoin Market Report - August 7, 2024
Bitcoin (BTC) has experienced significant volatility and a notable downtrend over the past few months, as evidenced by the daily chart from Binance.
Main points:
Price Action:
#BTC☀ has been trading within a descending channel since March, with lower highs and lower lows forming a bearish trend.
But this bear trend will pay and will pay big with patience because usually , descending channels break on the higher side and vice versa.
Support Levels:
The chart highlights multiple touches of the lower boundary of the channel (marked by orange circles), indicating strong support levels. However, each bounce has been followed by continued downward pressure.
Resistance:
The upper boundary of the channel has acted as persistent resistance, capping upward movements.
Recent Performance:
In early August, BTC experienced a sharp decline, breaking below the previous support level around $55,000.
Current Price:
As of the chart's latest data point, BTC is trading at approximately $54,787, showing a slight recovery from the recent low.
Volume:
While not explicitly shown, the presence of long candles suggests periods of high trading volume, particularly during significant price movements.
Market Sentiment:
The overall trend remains bearish, with buyers struggling to maintain momentum after each support test. The repeated failures to break above the descending resistance line indicate persistent selling pressure.
Outlook:
Watch for a potential break of the current support level around $52,500. A decisive break below could lead to further downside, while a strong bounce might signal a short-term reversal. However, for a bullish outlook to materialize, BTC would need to break above the upper channel boundary and the horizontal resistance around $72,000.
Bitcoin (BTC) has experienced significant volatility and a notable downtrend over the past few months, as evidenced by the daily chart from Binance.
Main points:
Price Action:
#BTC☀ has been trading within a descending channel since March, with lower highs and lower lows forming a bearish trend.
But this bear trend will pay and will pay big with patience because usually , descending channels break on the higher side and vice versa.
Support Levels:
The chart highlights multiple touches of the lower boundary of the channel (marked by orange circles), indicating strong support levels. However, each bounce has been followed by continued downward pressure.
Resistance:
The upper boundary of the channel has acted as persistent resistance, capping upward movements.
Recent Performance:
In early August, BTC experienced a sharp decline, breaking below the previous support level around $55,000.
Current Price:
As of the chart's latest data point, BTC is trading at approximately $54,787, showing a slight recovery from the recent low.
Volume:
While not explicitly shown, the presence of long candles suggests periods of high trading volume, particularly during significant price movements.
Market Sentiment:
The overall trend remains bearish, with buyers struggling to maintain momentum after each support test. The repeated failures to break above the descending resistance line indicate persistent selling pressure.
Outlook:
Watch for a potential break of the current support level around $52,500. A decisive break below could lead to further downside, while a strong bounce might signal a short-term reversal. However, for a bullish outlook to materialize, BTC would need to break above the upper channel boundary and the horizontal resistance around $72,000.
⚠️⚠️⚠️New trade we want to share with you. ⚠️⚠️⚠️
💬15 encouraging comments and we post it here.
💬15 encouraging comments and we post it here.
Traders,
Let's break down the current Bitcoin/USDT chart on Binance, using the Heikin Ashi candles for a clearer trend perspective.
Market Overview:
#btc has been on a downward trajectory since mid-June, with the recent price action showing a sharp decline. We're currently trading at $56,530 as of July 6, 2024.
Trend Analysis:
The long-term uptrend that began in January has clearly lost steam.
We've seen a series of lower highs and lower lows since March, indicating a shift to a bearish mid-term trend.
The recent candles are predominantly red, signaling strong selling pressure.
Key Levels:
Support: Look for potential support around the $54,000-$55,000 range, which aligns with levels last seen in January.
Resistance: The immediate overhead resistance sits at $60,000, with a stronger barrier around $64,000-$65,000.
Targets:
Upside:
Short-term relief rally target: $60,000
IF bullish momentum returns, watch for $65,000
Major resistance and potential reversal zone: $70,000-$72,000
Downside:
Immediate support target: $54,000
If bearish pressure continues, next major support: $50,000
Worst-case scenario in this cycle could see us testing $46,000-$48,000
Recommended trading strategy:
Short-term traders: Look for oversold bounces, but be cautious of the overall bearish trend.
Long-term holders: Consider accumulating on dips if you believe in BTC's fundamentals.
Always use proper risk management. This market is showing high volatility.
Let's break down the current Bitcoin/USDT chart on Binance, using the Heikin Ashi candles for a clearer trend perspective.
Market Overview:
#btc has been on a downward trajectory since mid-June, with the recent price action showing a sharp decline. We're currently trading at $56,530 as of July 6, 2024.
Trend Analysis:
The long-term uptrend that began in January has clearly lost steam.
We've seen a series of lower highs and lower lows since March, indicating a shift to a bearish mid-term trend.
The recent candles are predominantly red, signaling strong selling pressure.
Key Levels:
Support: Look for potential support around the $54,000-$55,000 range, which aligns with levels last seen in January.
Resistance: The immediate overhead resistance sits at $60,000, with a stronger barrier around $64,000-$65,000.
Targets:
Upside:
Short-term relief rally target: $60,000
IF bullish momentum returns, watch for $65,000
Major resistance and potential reversal zone: $70,000-$72,000
Downside:
Immediate support target: $54,000
If bearish pressure continues, next major support: $50,000
Worst-case scenario in this cycle could see us testing $46,000-$48,000
Recommended trading strategy:
Short-term traders: Look for oversold bounces, but be cautious of the overall bearish trend.
Long-term holders: Consider accumulating on dips if you believe in BTC's fundamentals.
Always use proper risk management. This market is showing high volatility.
Ladies and gentlemen, this is your captain speaking. We've successfully landed our short trade at the 56,000 USDT runway, right on schedule. Please keep your seatbelts fastened as we may experience some turbulence in this crypto airspace.
Our technical analysis instruments are showing some interesting readings. We might be clearing for takeoff soon, with potential bullish altitude gains targeting the 59,700 USDT and 61,400 USDT flight levels. However, be advised that sudden downdrafts could take us back to test the 54,000 USDT support zone.
Remember, the crypto market is like flying through a thunderstorm - exciting, but unpredictable. Keep your tray tables in their upright and locked positions, and your stop-losses tight.
We thank you for choosing Sublime Airlines, where every trade is a new adventure. Stay tuned for further market announcements.
Our technical analysis instruments are showing some interesting readings. We might be clearing for takeoff soon, with potential bullish altitude gains targeting the 59,700 USDT and 61,400 USDT flight levels. However, be advised that sudden downdrafts could take us back to test the 54,000 USDT support zone.
Remember, the crypto market is like flying through a thunderstorm - exciting, but unpredictable. Keep your tray tables in their upright and locked positions, and your stop-losses tight.
We thank you for choosing Sublime Airlines, where every trade is a new adventure. Stay tuned for further market announcements.
A little bit of $NOT can go a long way.
You're going to like this #BTC☀ targets
All right folks, we are out of the channel and we might just be witnessing the confirmation rejection from the upper side and this ...with an order block , which means buyer interest is heavy.
Now because we go into the unknown we can only base our targets on projections, and what better projection tool than the good ol' fibonacci retracement.
Targets in sight - $72.5k ,$80k and $84.5k ish
For the stop loss we are taking the 0.66 support with some aditional margin of error.
All right folks, we are out of the channel and we might just be witnessing the confirmation rejection from the upper side and this ...with an order block , which means buyer interest is heavy.
Now because we go into the unknown we can only base our targets on projections, and what better projection tool than the good ol' fibonacci retracement.
Targets in sight - $72.5k ,$80k and $84.5k ish
For the stop loss we are taking the 0.66 support with some aditional margin of error.
It can not go up forever. Now this doesn't mean that $BTC can not continue upward, it only means that for the next period it will probably retrace. What we have seen today is a confirmation entry for shorts.
Expecting Fear and greed to go down over the next couple of days as well .
#bitcoin #BTC🔥🔥🔥🔥 #btcdumping
Expecting Fear and greed to go down over the next couple of days as well .
#bitcoin #BTC🔥🔥🔥🔥 #btcdumping
$AVAX Update
Even if the market is euphoric, we need to watch certain levels.
In this example , AVAX is clearly displaying an ascending channel and not is in the lower range.
Current major support at $38 and a possible high of around $45.
Entering without confirmation is not advisable, I would wait for a reversal pattern or the failure of support before entering a trade.
Even if the market is euphoric, we need to watch certain levels.
In this example , AVAX is clearly displaying an ascending channel and not is in the lower range.
Current major support at $38 and a possible high of around $45.
Entering without confirmation is not advisable, I would wait for a reversal pattern or the failure of support before entering a trade.
Binance Signals - Sublime Traders - $BAND
👉NEW SIGNAL👈
—————————
Pair: $BAND /USDT
Side: LONG
Leverage: 3x Cross
————————
Entry zone: 1.65 - 1.705
Target 1 1.778
Target 2 1.837
Target 3 1.960
Target 4 2.073
Target 5 2.203
Target 6 2.310
More signals: T.me/sublimetraders
Stop loss: 1.53
Risk/Reward Ratio 5: 1
—————————
Pair: $BAND /USDT
Side: LONG
Leverage: 3x Cross
————————
Entry zone: 1.65 - 1.705
Target 1 1.778
Target 2 1.837
Target 3 1.960
Target 4 2.073
Target 5 2.203
Target 6 2.310
More signals: T.me/sublimetraders
Stop loss: 1.53
Risk/Reward Ratio 5: 1
Strong buy signal Binance spot or futures - GMT
👉NEW SIGNAL👈
—————————
Pair: GMT/USDT
Side: LONG
Leverage: 2x Cross
—————————
Entry zone: 2875-3034
Target 1 3314
Target 2 3461
Target 3 3666
Target 4 3904
Target 5 4057
Target 6 4255
Stop loss: 2531
Risk/Reward Ratio 2.9: 1
Allocated risk : 2%
$GMT
—————————
Pair: GMT/USDT
Side: LONG
Leverage: 2x Cross
—————————
Entry zone: 2875-3034
Target 1 3314
Target 2 3461
Target 3 3666
Target 4 3904
Target 5 4057
Target 6 4255
Stop loss: 2531
Risk/Reward Ratio 2.9: 1
Allocated risk : 2%
$GMT
Sublime Traders GPT - Use it
Crypto Analysis GPT | Sublime Traders 🚀
Crypto Analysis GPT | Sublime Traders 🚀 is a specialized version of the ChatGPT model, tailored specifically for cryptocurrency trading and analysis. This GPT is designed to provide real-time Bitcoin and crypto prices across various exchanges listed on CryptoCompare, utilizing the Coinmarketcap API. It is adept at offering a comprehensive view of trading values in different markets, enabling traders to compare prices across exchanges and identify potential trading opportunities.
How to get it ? : Just search for Sublime Traders on Openai GPT store.
In addition to market data, Crypto Analysis GPT assists users in refining their trading strategies. It engages users with pertinent questions about their trading experience, financial goals, understanding of risk management, and risk profile. This interactive approach helps in personalizing advice and strategies to fit individual trading needs and risk tolerance.
Moreover, the model is equipped to analyze current crypto market trends. It creates lists of the biggest gainers, and uses web browsing capabilities and the Coinmarketcap API to compare total market caps. This information is presented in a concise and clear manner, often utilizing tables for easy comprehension.
Crypto Analysis GPT also has access to a specific set of documents, including detailed trade reports and strategies, which it uses as a knowledge base. This ensures that the information and advice provided are based on factual and up-to-date data. The model is programmed to prioritize the positive aspects of reports and trading outcomes, aligning with the optimistic outlook of Sublime Traders.
Crypto Analysis GPT | Sublime Traders 🚀 is a specialized version of the ChatGPT model, tailored specifically for cryptocurrency trading and analysis. This GPT is designed to provide real-time Bitcoin and crypto prices across various exchanges listed on CryptoCompare, utilizing the Coinmarketcap API. It is adept at offering a comprehensive view of trading values in different markets, enabling traders to compare prices across exchanges and identify potential trading opportunities.
How to get it ? : Just search for Sublime Traders on Openai GPT store.
In addition to market data, Crypto Analysis GPT assists users in refining their trading strategies. It engages users with pertinent questions about their trading experience, financial goals, understanding of risk management, and risk profile. This interactive approach helps in personalizing advice and strategies to fit individual trading needs and risk tolerance.
Moreover, the model is equipped to analyze current crypto market trends. It creates lists of the biggest gainers, and uses web browsing capabilities and the Coinmarketcap API to compare total market caps. This information is presented in a concise and clear manner, often utilizing tables for easy comprehension.
Crypto Analysis GPT also has access to a specific set of documents, including detailed trade reports and strategies, which it uses as a knowledge base. This ensures that the information and advice provided are based on factual and up-to-date data. The model is programmed to prioritize the positive aspects of reports and trading outcomes, aligning with the optimistic outlook of Sublime Traders.
Binance signals in 2024
What Are Cryptocurrency Trading Signals?Cryptocurrency trading signals are alerts generated by algorithms or expert traders, which provide information on the best time to buy or sell a particular cryptocurrency. These signals take into account a variety of factors, including technical analysis, market sentiment, and news events.Why Use Cryptocurrency Trading Signals?There are several key benefits to using cryptocurrency trading signals. Firstly, they can save you time and effort. Rather than having to constantly monitor the markets and keep up with the latest news and developments, you can simply wait for a signal and make a trade accordingly.Secondly, trading signals can increase your accuracy. By relying on expert analysis and algorithms, you can make more informed decisions and reduce your risk of making costly mistakes.Finally, trading signals can help you maximize your profits. By providing you with timely information on the best trades to make, you can take advantage of market movements and generate higher returns.The list of the best binance signals groups at the moment:Sublimetraders.com – Overall Best Crypto Signals Platform Whalealpha – Crypto Intelligence Platform with Trading Signals and ToolsBinance Killers – Daily Crypto Signals Fed Russian insiders – Easy to Follow SignalsMyCryptoParadise – Exclusive Insider Circle of Professional TradersNFT Signals – New NFT Trading Signals GroupAltSignals – Best Crypto Signals with Clear Trading ResultsMYC Signals – Leading Crypto Signals with Altcoin SupportOnwardBTC – Reputable Crypto Signals with Trading Robot FeaturesMyCryptoParadise – Best Crypto Signals with Personalised CoachingHow to Choose the Right Cryptocurrency Trading SignalsThere are a number of factors to consider when choosing the right trading signals for your needs. Some of the key considerations include:Reputation: Look for signals from reputable providers with a track record of success.Accuracy: Consider the accuracy of the signals, and the methods used to generate them.Cost: Some signals are free, while others come at a premium. Determine what you're willing to spend, and choose the signals that offer the best value for your money.User-friendliness: Make sure the signals are easy to understand and use, and that they can be integrated with your existing trading tools.
Bitcoin's SURPRISING Move: You Won't Believe Where It's Headed Next!
#BTCUSDT Analysis
Technical Setup:
Triangle Formation: The chart showcases a symmetrical triangle pattern formation. Such formations typically denote a period of consolidation before a potential breakout in either direction.
Important Levels:
Upper target is defined from the previous pivot/order block on the daily, situated at $37.7k. The Lower target is the previous consolidation area at around $30k and is riddled with smaller supports both from the current candle formation and important fibonacci levels.
VPVR: The Volume Profile Visible Range indicates substantial trading activity around our current levels, providing both support and resistance.
Candle Patterns: A few small-bodied candles within the triangle, suggesting indecision in the market.
SMALL CANDLES + LOW VOLUME + TRIANGLE FORMATIONS = WE WAIT FOR A CLEAN BREAK
Volume: A decreasing volume during the formation of the symmetrical triangle, which is typical. A breakout in either direction would surely be accompanied by a significant spike in volume.
Open Interest: Stable for now. An increase in open interest during a breakout would confirm the direction of the move.
Global Macro: Always be aware of broader market conditions and global news, especially pertaining to cryptocurrencies and regulations.
As of now, the main factors influencing the price of BTC is the war crysis in both the Middle East and Eastern Europe as well as the looming BTC ETF approval, any big news in this regard would likely move the price substantially.
As Bitcoin (BTCUSDT) consolidates within a symmetrical triangle, traders must remain vigilant for signs of a breakout in either direction. We defined trade setups and strategies for both bullish and bearish scenarios just waiting to post once relevant. As always, it's essential to adjust in real-time according to the evolving market landscape. Personal bias: Bullish
Make sure you stay near your telegram, the break can happen soon!
Technical Setup:
Triangle Formation: The chart showcases a symmetrical triangle pattern formation. Such formations typically denote a period of consolidation before a potential breakout in either direction.
Important Levels:
Upper target is defined from the previous pivot/order block on the daily, situated at $37.7k. The Lower target is the previous consolidation area at around $30k and is riddled with smaller supports both from the current candle formation and important fibonacci levels.
VPVR: The Volume Profile Visible Range indicates substantial trading activity around our current levels, providing both support and resistance.
Candle Patterns: A few small-bodied candles within the triangle, suggesting indecision in the market.
SMALL CANDLES + LOW VOLUME + TRIANGLE FORMATIONS = WE WAIT FOR A CLEAN BREAK
Volume: A decreasing volume during the formation of the symmetrical triangle, which is typical. A breakout in either direction would surely be accompanied by a significant spike in volume.
Open Interest: Stable for now. An increase in open interest during a breakout would confirm the direction of the move.
Global Macro: Always be aware of broader market conditions and global news, especially pertaining to cryptocurrencies and regulations.
As of now, the main factors influencing the price of BTC is the war crysis in both the Middle East and Eastern Europe as well as the looming BTC ETF approval, any big news in this regard would likely move the price substantially.
As Bitcoin (BTCUSDT) consolidates within a symmetrical triangle, traders must remain vigilant for signs of a breakout in either direction. We defined trade setups and strategies for both bullish and bearish scenarios just waiting to post once relevant. As always, it's essential to adjust in real-time according to the evolving market landscape. Personal bias: Bullish
Make sure you stay near your telegram, the break can happen soon!
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