Market Analysis Summary

[dinotrader777]

    BTC Analysis
        BTC experienced a bounce influenced by SPX movement but faced challenges as SPX started chopping.
        1H compression likely to bring volatility.
        Support levels identified below; a dead cat bounce expected rather than fresh highs.

    ETHBTC/ETHUSDT Insight
        ETHBTC at a bounce-worthy area but with significant inefficiency below.
        Previous long stopped out, yet the probability of a squeeze higher was noted.
        First test of 4H EMA200 anticipated to provoke a reaction.

    GBPUSD Observations
        Focus typically on EUR, JPY, CAD, and CHF.
        Rejection from a high-timeframe level similar to EUR.
        Influence of US monetary policies highlighted, affecting GBP's performance against USD.

    ONDO Technical Overview
        Critical levels at 1.20 and 1.26 identified for a long position.
        4H MA100 broken and turned flat, EMA200 retest expected.
        2H compression forming, aligning with the long idea.

    ROSE Market Position
        Strong 1H view, though resistance noted upon zooming out.
        Potential early breakout from daily compression observed.
        Conservative and optimistic target areas discussed for long positions.

    TON Market Strength
        4H EMA200 bid noted, with compression structure forming.
        Hourly and 12H compressions monitored for potential bullish movements.

    ENA Trade Insights
        Concerns over a crowded trade led to an exit after losing hourly EMA200.
        Bullish divergences could justify scaling in, but current conditions deemed unattractive for a long.

    SUI Technical Pattern
        Similar to SEI, near 0.618 retracement on fib.
        Waiting for a strong reaction off SMMA100 before committing to a long.

    INJ Chart Analysis
        Observing a reclaim attempt of the 3D trend.
        Daily trend clean but compression levels need monitoring for potential bullish moves.

    NOT Market Watch
        1H compression encouraging but cautious due to Bitcoin's performance.
        Monitoring for a potential long if conditions improve above hourly EMA200.

    TAO Support Level
        Ideal bid around 3D EMA200 and 0.618 fib level.

    MEW Trading Strategy
        Bybit listing impacts noted.
        Trading strategies focused around SMMA100 and 4H EMA200.

    DUSK Trade Review
        Pivot to RWA similar to PolyX bag.
        Profits taken, with readiness to compound lower.

    MPL Chart Evaluation
        3D MA100 and EMA200 acting as support.
        Concern over previous massive move and retracement.

    CHZ Market Status
        Previous trade stopped; noticing resistance at 4H level.
        Current weakness noted, not favorable for new trades.

[dinotrader777]

Crypto Market Update16/06/24


Bitcoin's Current Position

    Bitcoin is at a crucial point that will dictate its short-term direction and influence altcoins.
    A breakout from the multi-month consolidation phase is expected.

Bitcoin's Impact on Altcoins

    Altcoins that have performed well recently may slow down.
    Underperforming altcoins may gain momentum as Bitcoin breaks out.

Technical Analysis and Predictions

    The $60K mark is a significant line of validation.
    Since March 2024, Bitcoin has been in a reaccumulation phase.
    A smaller range within this phase shows deviations and reclaims, indicating potential for a larger move.
    An impulsive move is expected, potentially driving Bitcoin to $100K or higher.

Future Projections

    The initial impulsive move may be followed by a series of increasingly aggressive upward movements.
    The first leg of the move could be around $10K, leading to subsequent legs pushing Bitcoin up to $120K.
    A parabolic advance and a blow-off top are anticipated, similar to the pattern seen in 2017.

Timeframes and Market Structure

    October is estimated as a potential peak period for Bitcoin.
    Corrections and subsequent impulses are expected to speed up.
    The $60K level remains a crucial support, with downside potential limited.

Short-term Movements

    Predictions for a breakout within 7 to 10 days.
    Lower time frame impulses are monitored to indicate the end of the current correction and the start of the next major move.

Risk Management and Trading Strategy

    Importance of managing risk, especially when trading options.
    Advice against inexperienced traders dabbling in options due to high risks.
    Strategies for identifying lower time frame impulses to anticipate market reversals.

Altcoins Performance Relative to Bitcoin

    Altcoins that have performed well over the past 3 to 6 months may experience a slowdown if Bitcoin breaks out from its current consolidation phase.
    Conversely, altcoins that have not been performing well might gain momentum as Bitcoin makes its move.

Conclusion

    Bitcoin is poised for significant growth, but market conditions must be closely monitored.
    Maintaining above $60K is critical for the bullish outlook.
    The market is expected to experience substantial movements, leading to potential highs of over $100K.

[God bless u]

    BTC Analysis
        BTC experienced a bounce influenced by SPX movement but faced challenges as SPX started chopping.
        1H compression likely to bring volatility.
        Support levels identified below; a dead cat bounce expected rather than fresh highs.

    ETHBTC/ETHUSDT Insight
        ETHBTC at a bounce-worthy area but with significant inefficiency below.
        Previous long stopped out, yet the probability of a squeeze higher was noted.
        First test of 4H EMA200 anticipated to provoke a reaction.

    GBPUSD Observations
        Focus typically on EUR, JPY, CAD, and CHF.
        Rejection from a high-timeframe level similar to EUR.
        Influence of US monetary policies highlighted, affecting GBP's performance against USD.

    ONDO Technical Overview
        Critical levels at 1.20 and 1.26 identified for a long position.
        4H MA100 broken and turned flat, EMA200 retest expected.
        2H compression forming, aligning with the long idea.

    ROSE Market Position
        Strong 1H view, though resistance noted upon zooming out.
        Potential early breakout from daily compression observed.
        Conservative and optimistic target areas discussed for long positions.

    TON Market Strength
        4H EMA200 bid noted, with compression structure forming.
        Hourly and 12H compressions monitored for potential bullish movements.

    ENA Trade Insights
        Concerns over a crowded trade led to an exit after losing hourly EMA200.
        Bullish divergences could justify scaling in, but current conditions deemed unattractive for a long.

    SUI Technical Pattern
        Similar to SEI, near 0.618 retracement on fib.
        Waiting for a strong reaction off SMMA100 before committing to a long.

    INJ Chart Analysis
        Observing a reclaim attempt of the 3D trend.
        Daily trend clean but compression levels need monitoring for potential bullish moves.

    NOT Market Watch
        1H compression encouraging but cautious due to Bitcoin's performance.
        Monitoring for a potential long if conditions improve above hourly EMA200.

    TAO Support Level
        Ideal bid around 3D EMA200 and 0.618 fib level.

    MEW Trading Strategy
        Bybit listing impacts noted.
        Trading strategies focused around SMMA100 and 4H EMA200.

    DUSK Trade Review
        Pivot to RWA similar to PolyX bag.
        Profits taken, with readiness to compound lower.

    MPL Chart Evaluation
        3D MA100 and EMA200 acting as support.
        Concern over previous massive move and retracement.

    CHZ Market Status
        Previous trade stopped; noticing resistance at 4H level.
        Current weakness noted, not favorable for new trades.

A nice way to present your analysis and the market survey. If you do it continuously on a platforms I think people will surely join you in order to reduce their efforts and gain enough knowledge from you.

I haven't gone through all the details but I hope you have provided the correct information and the analysis is upto date. Trust factor is very important.

[dinotrader777]

Bitcoin - What's Next?
Sunday Report: All You Need to Know

In our latest Sunday report, we focus on Bitcoin's recent performance and future prospects. Last week, Bitcoin was at $70k, and our analysis predicted a drop to $66k, which has come true. This price point is considered a long-term buy region.
Key Analysis:

    Trend and Movement: Bitcoin's journey from $16k to $70k has been marked by significant sideways movement and corrections. This is a natural part of the market cycle and not indicative of a constant upward trend.
    Critical Levels: The current price range, or "box," has the top between $72-73k and the bottom between $56-57k. Understanding and navigating within this range is crucial.
    EMA50 Indicator: The Exponential Moving Average (EMA50) at the yellow line is pivotal. It lies in the middle of our box, indicating whether the trend is towards the top or bottom.
    Market Makers' Strategy: Movements around $64,400 should be expected as market makers aim to exhaust traders. The key is patience and understanding these planned moves.

Current Market Sentiment:

    Bitcoin is expected to continue sideways movement within the box.
    Breaking above or below the EMA50 will define the smaller ranges of movement.
    Patience is critical as we prepare for a potential breakout leading to a super bull cycle.

In summary, the next steps for Bitcoin involve closely watching the EMA50, understanding the market's planned moves, and preparing for a potential breakout from the current range. Patience and strategic buying at key levels will be essential for navigating this period.

[johnsaributua]

It seems that your technical analysis is quite good and planning each entry with realistic calculations with indicators, it could happen, and I agree with bitcoin, it is a type of asset that does not disrespect analysis, I mean, even with price action bitcoin does not disappoint its hodl er, more stable and I often do even though buying bitcoin in a hurry and storing it for the long term, for me this is not suitable for altcoins, unless you consider it, because altcoins are almost every day there are listings while bitcoin trust has happened well and the rely is clear. Your information is good for those who are experts, although basic analysis remains the market (supply and demand) has control.

[dinotrader777]

Market Analysis and Trade Ideas from Haven Group's Pierre: June 2024 Update
Bitcoin's Critical Levels and Trading Strategies
Current Market Sentiment

Pierre, a key analyst from Haven Group, shares his latest insights on Bitcoin (BTC) and other cryptocurrencies, emphasizing the current "bounce or rip" scenario. With BTC retesting the $65,000 mark, there's optimism among bulls, but Pierre stresses the need for reclaiming critical levels to ensure further upward movement.
Key Levels and Strategy Adjustments

Pierre highlights the importance of monitoring the H1 chart to identify levels that need to be reclaimed for BTC to maintain its mid-range and aim for a potential retest of $66,500-$67,500. A significant update from Pierre is the adjustment of his hard stop loss (SL) for BTC exposure from $62,800 to $63,500. He believes a break below $64,000 would likely indicate the end for bulls. Pierre notes:

    H1 Chart Analysis: The focus is on reclaiming certain levels to sustain the mid-range and support the long position.
    Stop Loss Adjustment: The SL has been tightened to $63,500, acknowledging the risk of a break below $64,000.
    Manual Intervention: Pierre indicates he would manually cut his position if BTC closes below the mid-range, provided he's at his desk.

Detailed Chart Insights

Pierre acknowledges the complexity of his D1 chart but assures that all critical information is included. He emphasizes the importance of the updated SL strategy, considering his limited availability to monitor the market post-close.

    D1 Chart (BTC/USDT): A comprehensive analysis showcasing long-term trends and critical levels.
    H1 Chart (BTC/USDT): A more immediate focus on shorter-term trends and necessary reclaim levels.

Broader Market Perspective

Pierre extends his analysis beyond BTC, mentioning the broader market's "bounce or rip" condition. He advises traders to have clear exit strategies and to pay attention to lower timeframe (LTF) trends for potential targets.

    Trading Opportunities: Emphasis on playing bounce attempts with clear invalidations.
    Market Health: Noting the degradation of the altcoin market, Pierre hopes for bounces to provide trading opportunities and market relief.

Altcoin Analysis and Specific Trade Ideas
Altcoins in Focus

Pierre shifts attention to altcoins, particularly highlighting Ethereum (ETH) and its potential impact on the market following the SEC's decision to back down on ETH 2.0.

    ETH and ETH Betas: Eyes are on ETH and related altcoins (ENS, PEPE, LDO, PENDLE) to see if the momentum shift can spark a trend retest or new trading opportunities.

Toncoin (TON) Analysis

Pierre also analyzes Toncoin (TON), focusing on its ability to defend its D1 trend and form a lower high.

    TON/USDT Chart (D1): Analysis of TON's potential to hold its daily trend and implications for future movements.

Final Thoughts and Recommendations

Pierre concludes with a reminder to traders to stay disciplined with their plans, especially in the current uncertain market conditions. He advises focusing on D1 trend retests for main targets and monitoring LTF trends for immediate opportunities.
Key Takeaways

    Critical BTC Levels: $64,000 as a pivotal level for bulls.
    Adjusted SL for BTC: Tightened to $63,500.
    Altcoin Market: Potential relief and trading opportunities in ETH and related assets.
    Discipline and Strategy: Importance of clear exit strategies and adherence to trading plans.

For detailed charts and further updates, Pierre directs readers to his analyses on TradingView:

    BTC/USDT D1 Chart
    BTC/USDT H1 Chart
    TON/USDT D1 Chart

[dinotrader777]

24/06

Chart Analysis:

    Profit Locking: It’s advisable to lock in some profits as we approach the weekly close.

    Market Movements: The market has followed predicted patterns and is nearing local highs.

Market Updates:

    Market Sentiment: The market shows mixed signals with potential for a retrace before Monday's New York Open.

    Future Updates: More detailed updates will be provided post-open.

Trading Reflections:

    Regret on Shorts: Missing the shorting opportunity at H1 200 EMA last Thursday deviated from the initial plan.

    BTC Analysis: BTC is entering the Range Low region, with critical support at 58-61k. Holding this range is crucial for a bullish reversal.

Upcoming Plans:

    Stream Announcement: Upcoming streams will discuss BTC scenarios and potential altcoin opportunities.

    Support and Resistance: The focus remains on breaking the D1 downtrend and holding the 58-61k support region.

Market Reaction:

    MtGox News Impact: The market needs to digest recent MtGox news, impacting BTC strength down to the D1 200 EMA.

    Alts Condition: Altcoins have been significantly affected, with potential consolidation periods ahead.

Trading Strategies:

    Long Opportunities: Favoring long positions in the 58-61k range, especially upon D1 downtrend break and flip.

    Shorting Caution: The best shorting opportunities were at the Mid Range & D1 trend break, not at the current levels.

Final Thoughts:

    Market Dynamics: The market is poised for significant moves with crucial levels in play. Upcoming streams will cover detailed scenarios and strategies.