TheNewsCrypto

Potential for a 60% Rally Based on Historical Pivot Level -BTC Introduction: In the dynamic world of cryptocurrency trading, Bitcoin's price movements often exhibit patterns that can provide valuable insights for traders and investors. A recent observation indicates that Bitcoin is currently hovering around a significant pivot level support at $24,945. By analyzing historical price movements, we can uncover a potential scenario where Bitcoin could experience a substantial 60% rally from this pivot level, projecting its price to approximately $39,810. Historical Pivot Level Analysis: One noteworthy aspect of Bitcoin's price behavior is its tendency to respond to pivot levels, particularly when they coincide with key support or resistance areas. Looking back at historical data, there's a pattern of Bitcoin embarking on significant rallies following interactions with pivotal support levels. Notably, these rallies have averaged around 60% from the pivot point. Current Scenario: At present, Bitcoin finds itself in a situation that closely resembles historical instances where a pivot level support was tested. The price is resting near the recent pivot level of $24,945, mirroring past setups that preceded substantial price rallies. This convergence of factors presents an intriguing opportunity for traders to consider. Projection and Potential Rally: Considering the historical precedent, where Bitcoin has historically shown an average rally of 60% from pivot level support, there is an interesting probability that a similar rally might ensue from the current pivot point at $24,945. Applying this projection to the current scenario, we can anticipate a potential rally that could propel Bitcoin's price to approximately $39,810. Liquidity Candle Strategy: A noteworthy observation supporting the broader positive outlook for Bitcoin's price movement is the presence of liquidity candles. These candles often act as mechanisms to shake out weak buyers and trigger price movements that align with the broader trend. The existence of these liquidity candles could further affirm the likelihood of a significant rally in the near future. Broader Market Movement: Taking a holistic view of the broader market sentiment surrounding Bitcoin, there are indications of favorable conditions for an upward price movement. The convergence of historical pivot level behavior, the potential for a 60% rally, and the strategic use of liquidity candles all point towards a positive market sentiment and the likelihood of a substantial rally. Conclusion: In conclusion, a thorough analysis of Bitcoin's recent price movement in relation to historical pivot levels reveals an intriguing possibility of a 60% rally from the current pivot level support at $24,945. The alignment of this projection with historical patterns, supported by liquidity candle observations and positive broader market sentiment, contributes to the overall bullish outlook. However, it's important to remember that cryptocurrency markets are highly volatile and subject to rapid changes. Traders and investors should exercise caution, conduct their own research, and consider multiple factors before making any trading decisions.

🐶 Lovely Inu Update 📈 🚀 Exciting News for #CryptoTraders! 📈 🐶 Lovely Inu Update 📈 Hourly Chart Analysis: We spotted a prominent W Pattern structure, followed by a breakout! 📊 This indicates a potential bullish trend in the making. 📈 🔍 Smart Money Insights 💡 Smart Money suggests a fresh entry opportunity at the retest level of $0.000000238203. 💰 This level might act as strong support after the breakout. 🎯 Target Price: $0.000000464577 🎯 If the bullish momentum continues, our target price for Lovely Inu is set at $0.000000464577. 🚀 ⛔️ Stop Loss: $0.00000018849 ⛔️ To manage risk, consider setting a stop loss at $0.00000018849.

Triangle Pattern Indicates Potential BO LTCUSDT Price Analysis: Ascending Triangle Pattern Indicates Potential Breakout LTCUSDT gains 150% from recent low, eyeing a 170% rally if resistance is breached. Impressive Returns and Recent Bearish Trend LTCUSDT has been trading around the $91.99 level, showcasing impressive performance with a remarkable 750% return from January 2020 to April 2021. However, the cryptocurrency faced a significant hurdle as it struggled to surpass its recent high of $413, resulting in a bearish trend lasting nearly 14 months. Key levels to monitor include $149.84 and $326.83, while a notable weekly demand zone is observed at $45. Despite this, LTC has shown positive momentum since mid-July 2022, recovering nearly 150% from its lowest point. Current Price Action: Ascending Triangle Pattern and Potential Reversal Analysing the current price action pattern, LTCUSDT has formed an Ascending Triangle Pattern within the weekly time frame, spanning from April 18, 2022, to July 17, 2023. This pattern, combined with a recent volume spike, suggests a potential trend reversal and increased volatility to shake out weak buyers. According to the SMC Concept, a pullback around $80 is anticipated, which could initiate order block activities. Moreover, a measured move has been identified based on the pattern's range structure. A breakout above the resistance level at $110.80 could propel LTCUSDT to Target 1 at $190 and Target 2 at $330. Potential Breakout and Cautionary Notes for Traders and Investors While the ascending triangle pattern points to a potential breakout, caution is warranted. A bearish scenario would come into play if LTCUSDT breaks below the support level at $75, which could invalidate the bullish view.

Dogeusdt's Potential Breakout: 100% Rally Target Ahead Dogeusdt Price Analysis: Descending Channel Pattern Suggests Potential Breakout Dogeusdt shows signs of trend reversal with a potential 100% rally if resistance is breached Dogeusdt Price Analysis: Long-Term Consolidation and Bearish Rejection at Resistance Level Dogeusdt, the popular cryptocurrency, has been consolidating within a relatively tight range of $0.1420 to $0.5140 since mid-February 2022. During this period, the market has shown prolonged sideways movement, indicating a lack of clear direction. However, in late October 2022, Dogeusdt made a significant attempt to breach the resistance level. Unfortunately, the bullish momentum was short-lived, as bears took control and formed a strong bearish Inverted Hammer pattern at the critical resistance area of $0.1420. This rejection proved to be a significant setback for Dogeusdt, leading to a continuation of the downward trend that has persisted since then. Potential Trend Reversal: Dogeusdt Shift from Lower Highs to Higher Highs Recent price action in Dogeusdt suggests a potential shift in its trend structure. The cryptocurrency has been consistently forming lower highs and lower lows, signaling a bearish trend. However, there are indications that this pattern may be coming to an end. Dogeusdt has been continuously breaking lower, and it is now approaching the previous Continue to Structure (CTS) area. Moreover, on June 11th, 2023, the cryptocurrency experienced a noteworthy 15% pullback in a single day, suggesting a possible reversal of the prevailing bearish sentiment. If this shift from lower highs to higher highs materializes, it could be a significant turning point for Dogeusdt. Technical Analysis: Dogeusdt Trapped in Descending Channel Pattern, Resistance at Trend Line A closer look at the technical analysis reveals that Dogeusdt has been trading within a Descending Channel Pattern since November 7th, 2022, and has remained within this pattern until July 15th, 2023. This pattern is characterized by a series of lower highs and lower lows, reflecting the prevailing bearish sentiment. During this period, Dogeusdt has witnessed a substantial decline, losing approximately 50% of its value. Notably, the price has encountered three rejections at the resistance level formed by the descending trend line. These rejections indicate strong selling pressure and suggest that the trend line resistance is a significant hurdle for Dogeusdt's upward movement. Breakout or Continuation: The Crucial Levels to Determine Dogeusdt Future Trend The next price movements in Dogeusdt will be crucial in determining whether the cryptocurrency experiences a breakout from its current downtrend or continues to move lower. A decisive break above the trend line resistance at $0.08101 could mark a potential trend reversal. Such a breakout would indicate a shift from the lower low and lower high structure to a sustained pattern of higher highs and higher lows. If this breakout occurs, it would provide a highly favorable opportunity for traders and investors, potentially leading to a significant rally in Dogeusdt.

Strong Accumulation and Bullish Pattern Strong Market Participation and Higher Highs Support XRP's Bullish Case XRP has exhibited a Higher High and High Low structure since January 2023, indicating a strong market participant presence. This structure implies that buying opportunities can be found with each dip, as long as the previous swing low level of $0.4050 remains intact. Consolidation Phase and Accumulation Zone XRP has been consolidating between $0.4050 and $0.5600 since March 2023, showcasing a period of strong accumulation. Traders and investors have been accumulating XRP within this range, suggesting potential bullish momentum building up. Broader Time Frame Analysis: Ascending Broadening Wedge Pattern A broader time frame analysis reveals XRP's Ascending Broadening Wedge Pattern, which has been in play for approximately six months. This pattern indicates a sustained bullish trend and demonstrates the cryptocurrency's resilience on the upside. Failed Breakout Attempt and Measured Move Target In mid-April 2023, XRP attempted to breach the key resistance level at $0.5634 but experienced a subsequent pullback. By analysing the pattern structure, a Measured Move target has been identified, with a potential upside target of $1.0285 if XRP surpasses the $0.5634 level. Risk Management and Caution Implementing risk management strategies, such as setting a protective stop loss at $0.4680, is crucial to manage potential downside risks and protect trading positions.

📈 BTC Trade Setup 📈 BTC Trade Setup: Potential Upside Move Based on SMC Concept 📉💡 🔍 Trade Setup: Entry: $30,260 Target: $30,905 Stop Loss: $30,175 📊 Analysis: BTC is currently trading at $30,495. Based on the Smart Money Concept, consider entering a long position at $30,260, anticipating an upward move. Set the target at $30,905 and place a stop loss at $30,175 to manage risk. ⚡️ Probability Analysis: Taking into account the SMC concept, there is a probability of a price increase. Traders should closely monitor the price action for confirmation of the anticipated move. #BTC #TradingSetup #SMCConcept

Rounding Bottom Signal Potential Upside Title: XLMUSDT Trade Setup: Rounding Bottom Pattern Signals Potential Upside Move Introduction: In this article, we will analyze the current trading pattern of XLMUSDT on the daily time frame. XLMUSDT is currently trading in a rounding bottom pattern, with the price undergoing consolidation from June 3rd to June 26th. As the price nears the trendline resistance, there is a possibility of further upside momentum. A measured move can be derived based on the pattern range, providing a potential trade setup. This article suggests a buy entry at $0.0888, with a target set at $0.1125 and a stop loss at $0.0852. Let's dive into the details of this trade setup. Technical Analysis: XLMUSDT is currently trading in a rounding bottom pattern on the daily time frame. The consolidation phase from June 3rd to June 26th indicates a period of indecision and accumulation. With the price approaching the trendline resistance, there is potential for further upside move. Trade Setup: Buy Entry: Based on the rounding bottom pattern and the potential upside momentum, a buy entry can be considered at $0.0888. This entry point aligns with the expectation of a bullish move following the consolidation. Target: Our target for this trade setup is set at $0.1125, representing a significant upside potential from the entry level. This target is derived based on the measured move of the pattern range, indicating the anticipated price movement. Stop Loss: To manage risk effectively, it is recommended to set a stop loss at $0.0852. Placing the stop loss below the entry level can help protect against potential downside risks. Timeframe and Confirmation: Given that our analysis is based on the daily time frame, it is important to monitor the price action for confirmation of the anticipated upside move. Traders should watch for a decisive breakout above the trendline resistance, accompanied by increased buying volume and sustained bullish price action. Once the breakout is confirmed, we expect the price to move towards the target of $0.1125. The timeframe for this trade setup may vary, but it is anticipated to unfold within a few days or weeks, considering the historical price patterns and the potential momentum from the breakout. Conclusion: XLMUSDT is currently trading in a rounding bottom pattern on the daily time frame, suggesting the potential for an upside move. The consolidation phase from June 3rd to June 26th indicates a period of accumulation. Based on this pattern and the measured move, a trade setup suggests a buy entry at $0.0888, with a target set at $0.1125 and a stop loss at $0.0852. Traders should exercise caution, closely monitor the price action for confirmation of the breakout, and adapt their trading strategies accordingly.

BTC MTF Analysis Signals Strong Bullish Rally Technical Analysis Reveals Bitcoin's Multi Time Frame Analysis Points to Strong Bullish Rally Bitcoin's Weekly Time Frame Analysis Reveals Inverted Head and Shoulder Pattern Bitcoin (BTC) traders and analysts are buzzing with excitement as a comprehensive multi time frame analysis reveals a strong bullish trend for the leading cryptocurrency. By examining both the weekly and daily charts, technical experts have identified significant patterns that suggest a promising future for Bitcoin investors. In the weekly time frame, BTC has formed an Inverted Head and Shoulder Pattern, a highly reliable technical formation known for its potential reversal signals. The breakthrough above the neckline resistance level on March 13, 2023, marked the initiation of a long-term upward trend. Bitcoin then entered a consolidation phase, trading within a range of $25,600 to $31,100 from mid-March to early June 2023. Bitcoin's Consolidation Phase Sets Stage for Strong Bullish Rally However, between June 13 and June 23, Bitcoin witnessed an impressive rally, surging by approximately $5,000. This substantial price increase signifies a robust bullish sentiment prevailing in the current market. Based on the projected target derived from the Inverted Head and Shoulder Pattern range, experts anticipate Bitcoin to potentially reach $43,130, providing further validation for the positive outlook on BTC. Bitcoin's Impressive Rally Points to a Strong Bullish Trend Shifting focus to the daily time frame, Bitcoin's trading pattern reveals an ascending channel formation. Notably, analysts have also observed a Right Angled Descending Broadening Wedge pattern within the channel. This pattern is widely recognized as a bullish reversal signal, adding to the overall optimism surrounding Bitcoin's future price movements. By carefully analyzing the price action pattern and measuring the potential move of the Right Angled Descending Broadening Wedge, technical analysts project that Bitcoin could rally another $6,000 points from its current level of $31,120. This implies a projected target of $37,450. Projected Target and Measured Move Signal Further Bullish Potential for Bitcoin Considering the bullish trends identified across both the weekly and daily time frames, technical analysts foresee a continued upward momentum for Bitcoin. However, it is crucial for investors to exercise caution and conduct their own thorough analysis, as the cryptocurrency market remains subject to volatility and unforeseen events that can impact price movements. Despite the potential risks, the multi time frame analysis of Bitcoin provides traders and investors with valuable insights and reinforces the bullish sentiment surrounding the cryptocurrency. As Bitcoin continues to break key patterns and projections point to a significant rally, market participants are eagerly anticipating the next phase of Bitcoin's ascent.

LTC Analysis : SMC The ascending triangle pattern in LTC is characterized by a horizontal resistance level, formed by multiple price highs, and a rising trendline acting as support, marked by higher swing lows. This pattern signifies an equilibrium between buyers and sellers, often leading to an eventual bullish breakout. Traders and technical analysts have been closely studying LTC's price action within the ascending triangle, recognizing the potential for a sustained upward move in the near future. If the price surpasses the resistance level, it could trigger increased buying pressure, propelling LTC towards the target price of 84.8. To manage risk, market participants have set a stop loss at 73.8, aiming to protect their positions in case the breakout fails to materialize. Risk management is crucial in trading and ensures that potential losses are controlled. While technical patterns like the ascending triangle can provide insights into possible price movements, it's important to consider additional factors that could impact LTC's trajectory. Market conditions, investor sentiment, and broader cryptocurrency trends may also influence the price action of LTC. According to CoinMarketCap, the LTC price is trading at $76.49, at the time of writing. Traders and investors are advised to keep a close eye on Litecoin (LTC) in the coming days as the ascending triangle pattern unfolds. The potential breakout above the resistance level could generate significant trading opportunities. However, it is crucial to conduct thorough research, consider multiple indicators, and consult with financial professionals before making any investment decisions.

KCSUSDT: A Short-Term Outlook on Bullish Momentum Analyzing KCSUSDT: A Short-Term Outlook on Bullish Momentum and a Potential Breakout Introduction: The KCSUSDT trading pair, representing KuCoin Shares (KCS) against Tether (USDT), has been experiencing a downward trend since April 2022. However, amidst this trend, there have been instances of temporary reversals known as bull traps and bear traps. In mid-November 2022, KCSUSDT exhibited a strong surge, recovering almost 50% from its low of 5.8 to 8.2 within two days. After profit booking in December 2022, the market witnessed another upward rally, pushing the price to a high of 9.728. Currently, the price is consolidating within a Descending Channel Pattern, nearing the previous low associated with bullish momentum. Based on price analysis, a breakout above 7.460 may lead to a target price of 12.336, with a suggested stop loss at 6.530. Bearish Trend and Occasional Traps: Since April 2022, the KCSUSDT trading pair has followed a general downward trend. However, within this trend, there have been temporary reversals known as bull traps and bear traps, creating short-lived deviations from the main direction. Prominent Bullish Movement in Mid-November 2022: In mid-November 2022, KCSUSDT experienced a significant bullish movement. Within just two days, the price recovered almost half of its previous losses, surging from 5.8 to 8.2. This sudden upward momentum demonstrated the potential for substantial price movements. Profit Booking Followed by Another Bull Rally: After the mid-November rally, profit booking occurred in December 2022. Nevertheless, the market regained strength, leading to another bull rally that pushed the price to a high of 9.728. Current Consolidation in a Descending Channel Pattern: Currently, KCSUSDT is consolidating within a Descending Channel Pattern. The price has approached the previous low observed during mid-November 2022, which was associated with bullish momentum. This consolidation phase suggests market participants are reassessing the situation, resulting in increased trading activity. Price Action Analysis and Expectations of a Breakout: Based on price action analysis, there is a possibility of a breakout above the 7.460 level. If this breakout occurs, it could potentially lead to a significant price surge. Traders can anticipate that the target price of 12.336 might be reached within a maximum of three weeks following the breakout. It is important to note that the timeframe for reaching the target price may vary based on market conditions and subsequent price movements. To manage risk, it is advisable to set a stop loss at 6.530, ensuring a balanced risk-reward ratio throughout the trading period. By closely monitoring the market and adjusting strategies accordingly, traders can effectively capitalize on potential opportunities arising from the anticipated breakout.