I talked about how the price range between $54k and $57k could be considered liquidation zones close to current prices, where we might see a healthy and beautiful decline in the price of Bitcoin to those levels, leading to nice discounts in alternative currencies as well. I mentioned the importance of the DCA (Dollar-Cost Averaging) strategy in the market, as it can help mitigate the potential impacts of price fluctuations and provide comfort in both scenarios.
$BTC $XLM $GRT

This currencies is trading today them your radar 👀🚨
$NEAR
$DOT
$RNDR

We see that the dominance index of USDT is beginning to weaken, while the dominance index of Bitcoin is retesting the support line of the upward trend. The RSI heatmap indicator provides us with suitable stages for buying and selling alternative currencies. Additionally, the liquidation heatmap indicator indicates significant liquidation areas for open short positions around the 65/64 thousand areas.

In conclusion, this phase may seem dull but is suitable for accumulating alternative currencies and for traders. Thank you 🙏🏻 for your time. Wishing you a great day! If you'd like to support the content, consider trading the currencies mentioned in my posts. Your support is appreciated.
#Write2Earnn
#Binance
#bitcoin #solana #CryptoWatchMay2024
$VET
$BTC
$DOT

#Analytics #MINA

#MINA - what is this project and what are its prospects🤔? We will analyze as always in detail from the fundamental side as well as from the technical side👍

🔠First of all, let's evaluate the fundamental part:

- Mina Protocol (#MINA) is the "lightest" blockchain in the world (it weighs only 22KB), representing a logical extension of Zcash ideas and providing Proof-of-Stake compliant security🕐 What is remarkable is that the blockchain size is immutable no matter how long it is used 🟣 Thanks to this, Mina Protocol provides fast node synchronization. #MINA runs on the Succinct proofs of state or compressed proofs of state mechanism based on SNARK🟣 Zk-Snark (Zero Knowledge Succinct Non-Interactive Arguments of Knowledge) is a compressed cryptographic proof that checks blocks for validity💬

↗️Now, the technical part:
- If we evaluate the situation without "market manipulations"➡️ then it is more prioritized to wait for another decline into the WICK zone of the weekly candle, confirm the importance of the POI block and with the confirmation of the LFT-confirma, start the birth of a new 5 wave structure to fill the magnetic zones above🟢Definitely important targets, which I have marked for you, just act as magnet zones on raw Liq-type stops💲 I do not recommend picking #MINA in #Long by the market. It is better to place limit orders (important - no more than 1-3% of deposit) on the markups I specified and wait for them to fill🇹🇰 As with the market in general, I would like to see the magnets fill at the bottom. And by placing Elliot waves, we will be given a more elongated corrective B-C wave than we have now. Given my knowledge of the #MINA price move when reacting to #BTC💰 moves, the chance to enter the market at $0.6717 - 0.5600 - 0.5000 is very high!

$MINA

$CHZ

We've been observing excellent growth dynamics of the asset on a global scale in recent weeks. The buyer is strong and interested in further development of the asset. After several attempts, we managed to break the descending triangle to the short side and move above its boundary. Volumes are at a statically average level, allowing for further movement. Let's turn to the long coefficient, this coefficient reflects the approximate exposure of large players to futures longs. We can see that CHZ has the fuel to move towards $0.17021 even without external liquidity injection.

We've started forming a new wave structure and within its framework we have extremely ambitious goals. Classic indicators don't hinder growth (RSI, MACD, etc.). The key is to hold the $0.09979 area, as it represents a round number area ($0.01) and is the main trend source and the only support. In case this level is broken, trend annulment and subsequent downward movement are expected.

The Volume Delta indicator signals an extremely positive outlook for the asset as the asset delta shows excellent dynamics. Within the upward movement, there's no massive capital outflow or sharply negative movements, indicating the strength of the buyer. The average direction index (ADX indicator) is rapidly decreasing, heralding good volatility for the asset, which is an important factor for comfortable conditions for further growth.

The positive directional indicator line (+DI) and the negative directional indicator line (-DI) are showing strong growth. The moving averages are moving below the chart and are likely to form a death cross on the asset. Most liquidity magnets are located above the current price of the asset.

As a result, a comfortable environment has been created for the buyer, but it is necessary to maintain the level of $0.09963 and not drop below the 786 of the ascending and 382 of the descending Fib levels.

$SUI

Very long accumulation with potential for an upside exit soon - #SUI

📌With all the decline we can observe how much liquidity the price leaves above the current price values, as well as the successful reaction to the seller's zone of interest.
At this point, I expect a continuation of the small correction to the 0.786 Fibonacci level.

📝After a test of this level and a deeper entry into the support zone, I will expect a local accumulation followed by an upside exit, consolidation above the POC(1.15419$) volume level, taking out 1.25859$ and 1.45873$

#ARB

Arbitrum has corrected and dropped to the 0.786 Fibonacci level, finding support near $1💁‍♂️

The full completion of the pattern is expected around $2.13, with consolidation above the previous all-time high of $2.43🚀

Current prices are a favorable entry point for medium/long-term positions👨‍💻

$ARB

"After the expected scenario unfolded, we witnessed a shift in the RSI map, with currencies moving from the sell zone to the buy zone. The question arises: when will the bleeding of alternative currencies due to the dominance of USDT, Bitcoin, and DXY end?"
$BTC $PEPE $BOME

〰️ A Different view is back in touch with a willingness to give important comments on the market situation - using 💰BTC as an example:

📈Bitcoin showed a solid wave of growth and covered all the last fall from 30.04-01.05, but met a strong resistance level at 64-65k$, above which it is not possible to break through so far. At the same time it is worth noting the reversal "Head and Shoulders" (H&S) on the hourly (1H TF).

Among other things, there has been sideways movement for 3 days now, 🦈 A Big player is driving everyone into buying, giving hope for continued growth, and so far this situation looks doubtful....

➡️ From the bottom at 59438$ we have formed a rather large Imbalance (IMB) of almost 2000$ which is now acting as a strong magnet 🧲. Covering this "hole" before the upward movement continues would be very appropriate.

❗ I've also attached the current liquidation heatmap, which shows a large liquidity accumulation above $67000 - we'll definitely head for it, but perhaps a bit later.

🧿 A Different view continues to stick to its trading plan and set up for a positive layout, so the longs gained at the local bottom continue to hold.
A rise from current will show the strength of the buyer and is also completely satisfactory for us, but let's take into account all possible options 🧠

→ Our medium-term target for BTC is to reach67000$BTC 📍$BTC

#FET

The coin has shown a great impulse and is holding steadily on its current trend. The buyer is showing exceptional strength and high volumes. We’ve completed a full cycle of wave structure and have entered a new cycle. Currently, we are likely in the first wave of the 53535 structure. Long positions have broken through several configurations of the bearish triangle, indicating interest in the asset.

The MA 50 has moved above the chart. While the asset's movement dynamics are positive, there is a high likelihood of the trend line moving below the chart and converting into additional support for the asset. Over the last five candles, we’ve formed two bullish engulfings, adding strength to the buyer. We’ve managed to consolidate above the 382 Fib retracement and the 618 Fib retracement, creating ample support levels for the asset at the bottom of the chart.

The decrease in trading volumes is slightly concerning, as they have significantly dropped, and popular indicators (MACD, Stochastic oscillator, RSI, etc.) are slightly overbought. The key support level for the trend is at $1.7357 (just below the 0.5 Fib retracement levels). Losing this level will lead to entering a global gap area and a significant correction of 30%+.

The Volume Delta indicator indicates a positive trading delta, emphasizing the predominance of buyers in the asset. The Choppiness Index (CHOP) indicator confidently broke 50 points and is rapidly decreasing, indicating a low probability of trend roughness and therefore high volatility in the asset. The DMI indicator line in positive direction (+DI) and the DMI indicator line in negative direction (-DI) are both steadily rising together, creating favorable conditions for the asset.

Finally, the buyer has a great situation. It is important to maintain the local support at $2.0088 (round number area of $2). Even if this’s lost, it shouldn't be a major concern. The key level is at $1.7392. Losing this support would lead to the cancellation of the bullish trend.$FET

Not again, but again - #ETH

📌The price is trading inside the descending channel and under the strong volume level POC(3145$), which has already been repeatedly tried to break through.
At the moment we have shown a successful reaction to the upper boundary of the buyer's zone of interest, and I am sure that this time we will be able to consolidate above $3,145, which will open the way to higher targets.

📝After breaking the upper boundary of the descending channel, the priority scenario is to reach the mark of $3362, followed by a breakdown of the resistance zone and a test of the mitigating level of $3658
$ETH

🔥BTC Weekly update

- The current results show us that Imbalance is really important in an up or down wave.

- Look at the price of BTC reacted by Imbalance Daily frame...

BTC has been growing for 6 months and Imbalance most recently gave a corrective reaction to 9000 price.

In my opinion, BTC is still trading in the 60000-68000 range, however, with the rejection at the 56000 range and the very strong pullback this time, it is likely that we will have a Spring in the Wyckoff pattern at this level. price 56000 if it is not broken in the near future and continues to make new highs.

So how will we react now?😐

- With the above plan, the price recovered more than expected at 65,000. This is a bad recovery for sellers because many people will place Stop loss in this area. In fact, the price has partially swept the stop loss at this price level and it seems to be starting to gradually decrease.

Thus, there is a high possibility that BTC will need to retest the area below at 60000-62000 before UP again⬆️
$BTC
#CryptoWatchMay2024

We may see a downturn in the markets soon due to several factors. Firstly, the Bitcoin dominance index has returned to test the support trend line in an upward trend, and the MACD indicator is showing signs of decreasing pressure, indicating a high possibility of the index rising, which could cause a decline in alternative currencies. Secondly, the USDT dominance index has returned to test the support trend line in a downward trend. If it succeeds in testing it and rises, it will also lead to a decline in alternative currencies. Thirdly, the RSI heatmap indicator has indicated that alternative currencies are in a significant selling zone, indicating a potential decline in alternative currencies.

When we synchronize and correlate these three analyses, we can conclude that alternative currencies will experience a temporary downturn. This downturn will be caused by individuals selling, whether they are short-term traders or long-term investors, either to take profits or to move some of their cash to the sidelines.
$RNDR
$ARB
$MANTA

➡️ETH Next Target : 4590$

Zone Long:

1) 3023$
2) 3000

Target :

1) 3823$
2) 4222$
3) 4500$

ST : 2600$
$ETH

#DCR/USDT analysis -

#DCR is in an uptrend, making higher highs (HHs) and higher lows (HLs) structure, while finding support over the support zone. The price is currently in a correction phase and expected to bounce off from there to continue its trend. Keep an eye out for the breakout of the trendline for a long entry. Enter when the price breaches the $23.34 level.

TF : 1D
Entry : $23.34
Target : $32.72
SL : $17.59
$DCR

#NMR/USDT analysis -

#NMR is in an uptrend, making new highs and trading above the 200 EMA. Currently, the price is trading over a support zone and forming a double bottom pattern. We can expect the price to bounce off from there and continue its upward trend. To go long, look for a breakout of the $28.05 level.

TF : 1D
Entry : $28.05
Target : $52.33
SL : $19.40
$NMR

📍 #FLOKI Update

📈 Today The Price Breakout From The Trend Line Which Is a New Bullish Move Confirmation As I Expected At The Previous Update, Next Targets Mentioned At The Chart
$FLOKI

💰 $DOGE looks interesting with the bounce off the key support zone (former resistance of accumulation range)🧐

🔼DOGE BUY : 0.162$

Target :

1) 0.201$
2) 0.220$
3) 0.258$
$DOGE

💰 $BTC

We got a V-Shape recovery and now back above the broken demand zone☝️

Setup is invalidated❌

Let's see if we able to have a confirmed higher high here👀
$BTC

👍REEF is going according to the scenario, at the moment there’s 10% spot profit🔥

⚙️Technically, we have received a clear rebound from support and a breakout of the upper trendline of the descending wedge, I expect the movement to continue.

I will add a short-term target for speculation - $0.00238, there we have the nearest resistance from which we can get a slight pullback. ✏️$REEF