Crypto Buying Tips
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🤩 Long 🟢 : Achieving Definite Financial Goals with SOLANA (by TheCryptagon)
Pair: #SOLUSD
Interval: 1D
Date: 04/10/2024 20:12
Exchange: CRYPTO

Solana (SOLUSD) is poised to end the day with significant gains above the 1-day Moving Average 50. This upward momentum has been supported by a series of Higher Lows since September 6th, resembling the pattern seen on May 1st with a Channel Up reaching the 0.786 Fibonacci level on the Falling Resistance. A potential buying opportunity is identified with a target price of 171.00 (Fib 0.786).

#SOLUSD is tradable on CRYPTO 🚀💰

#SOLUSD | #Solana | #CRYPTO
🤩 Long 🟢 : BTCUSD Maintains MA50 (1w) Support, Initiates Parabolic Rally (by TradingBrokersView)
Pair: #BTCUSD
Interval: 1W
Date: 04/10/2024 20:48
Exchange: CRYPTO

Bitcoin has been tested and held at the MA50 (1w) twice in the past 2 months. Based on the last 2 Cycles, particularly in October 2020 and 2016, the initiation of a parabolic rally of the Cycle is indicated by a rebound on the MA50 (1w). A trading plan suggests buying at the current market price and holding until at least August 2025. The targets are set at 100,000 (minimum psychological target) and 230,000 (maximum extension), assuming a similar price rise (+368%) as seen from the 2022 bottom to the March 2023 High. It is noted that the Bull Cycle typically peaks towards the end of each 4-year cycle, with previous peaks in December 2017 and November 2021, thus recommending exiting the market by August 2025.

#BTCUSD is tradable on CRYPTO 🚀💰

#BTCUSD | #Bitcoin | #CRYPTO
😵 Short 🔴 : TOTAL2 Descending Channel Analysis
Pair: #TOTAL2
Interval: 1W
Date: 05/10/2024 22:18
Exchange: CRYPTOCAP

The TOTAL2 Index, which encompasses all Altcoins excluding BTC, is currently being observed as it moves within a descending channel following a significant bullish cycle. A retracement has brought it back to levels last seen in January 2024, prompting speculation on its potential further decline. The Altcoins within the index vary in their trading positions, with some at high levels and others at lows. Some Altcoins have surged ahead to reach prices from September 2023, indicating a potential target level for the overall index in the near future.

#TOTAL2 is tradable on CRYPTOCAP 🚀💰

#TOTAL2 | #Crypto Total Market Cap Excluding BTC, $ | #CRYPTOCAP
🤩 Long 🟢 : Anticipating the Upcoming Altcoin Season: Avoiding Potential Pitfalls
Pair: #TOTAL2
Interval: 1W
Date: 06/10/2024 19:17
Exchange: CRYPTOCAP

The chart indicates that TOTAL2 is currently undergoing a retest after having surpassed the 50-weekly EMA, a signal historically associated with timing altseasons. It is anticipated that the falling wedge pattern will be broken in the forthcoming weeks, leading to an impulsive move. The ongoing price action appears to be a shakeout, designed to eliminate weaker positions just before the anticipated significant rally. It is suggested that now may not be the optimal time to exit the market, as holding may be less risky than being out of the market, regardless of the current state of altcoin holdings. Further altcoin chart analyses may be shared in the future.

#TOTAL2 is tradable on CRYPTOCAP 🚀💰

#TOTAL2 | #Crypto Total Market Cap Excluding BTC, $ | #CRYPTOCAP