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1-BTCUSD

Bitcoin Can Exit From That Pennant Area then start grow up back A pennant pattern in technical analysis is a continuation pattern that typically indicates a pause before the previous trend resumes. In the context of Bitcoin, a bullish pennant suggests that after a period of consolidation, the price may break out upward, continuing its prior uptrend. Recent analyses have identified such a bullish pennant in Bitcoin's price movements. For instance, in September 2024, analysts observed this pattern forming, indicating potential for a significant upward move. By October 2024, further analysis suggested that this pattern could propel Bitcoin's price toward targets as high as $158,000 by May 2025. As of December 31, 2024, Bitcoin's price is approximately $92,352. If the bullish pennant pattern holds, it could indicate further upward movement. However, it's essential to consider other factors, such as market sentiment, trading volumes, and macroeconomic conditions, which can influence price movements. Technical indicators like the Relative Strength Index (RSI) and moving averages can provide additional insights into Bitcoin's potential price direction. For example, a rising RSI and a golden cross formation (where a short-term moving average crosses above a long-term one) are often seen as bullish signals. In conclusion, while the bullish pennant pattern suggests the possibility of Bitcoin's price moving upward, it's crucial to consider a range of technical indicators and market factors before making any investment decisions.
OANDA:BTCUSDLong
by TradeAdvisory
GNS - A double up?AMEX:GNS just announced they were upping their Bitcoin treasury. This piece of news could be a nice catalyst for some upward movement. Chart looks bottomed out on the monthly and weekly. Looking for a bullish fair value gap (FVG) to be created on the weekly chart. Mapped out my trade on the 1D timeframe. -Bullish FVG was created on the daily and tested -nice hammer off the FVG -has some work to do to get through those bearish FVGs on the daily. Targeting $1.50 and $1.70. Going to buy a few hundred shares and let this play out.
AMEX:GNSLong
by OhKaaaleNo
BTC - Bear Flag forming, 73k price projectionAfter hitting all time highs, BTC is forming a bear flag. If bear flag plays out and price breaks through 91,400 level then on the basis of the measured move of the flag pole, BTC is likely to test 73,000 which is a significant support zone on Daily timeframe. This is because before BTC pierced 73,000, this was a strong resistance zone. Also, since price broke out 73,000, it hasn't retraced back to this level. Furthermore, there is a fib retracement level of 38.2% at 71,500 so expect 73,000 - 71,500 to be strong support zone. Remember technicals are all probabilities, price could break 99,000 level (upper trendline of the bear flag channel) to test all time highs.
by I_M_Shoaib
Bitcoin Elliott Wave Signals Potential Corrective Phase TargetsLooking at the recent BINANCE:BTCUSDT chart through the lens of Elliott Wave Theory, we can observe a clear and compelling price structure. The market has completed a textbook Impulse Wave pattern (1-5), with Wave 5 reaching a notable peak around 109,000 USDT. This aligns perfectly with Elliott Wave principles, where Wave 5 typically extends beyond the peak of Wave 3, which is exactly what we witnessed. The market has now transitioned into a Corrective Wave pattern (A-B-C). We've already witnessed the completion of Wave A's downward movement, followed by Wave B's characteristic short-term rebound. Currently, price action suggests we're in Wave C, which traditionally implies further downside potential. Particularly noteworthy are the three projected target levels for Wave C: 87,847 USDT 82,270 USDT 66,149 USDT These targets align beautifully with Fibonacci retracement levels, a tool that consistently demonstrates remarkable synergy with Elliott Wave Theory. The lowest target at 66,149 USDT could represent a significant base formation, especially if selling pressure intensifies in response to market conditions. The chart's notation of "Wave(C) OnSet" is significant, indicating we're entering the initial phase of Wave C. This wave could potentially extend to any of the three target levels in the near term. As the price approaches these projected levels, we might see the emergence of a new bullish cycle. I anticipate that if the BTC price drops below 90k, the significance of the Corrective wave (C) across all three levels will become even more pronounced. This could indicate substantial selling pressure, making any potential recovery in the upcoming period more challenging. However, prudent analysis requires careful attention to support level confirmations and corresponding trading volumes at each target. In practical trading scenarios, price movement doesn't always reach the lowest projected targets. Wave C might be truncated, or conversely, could extend beyond our projections. This underscores the importance of incorporating additional technical analysis tools to form a comprehensive trading strategy. This wave structure presents an intriguing setup, and it will be fascinating to observe how price action develops in relation to these projections. Remember that successful trading requires a holistic approach, combining wave analysis with other technical indicators and careful risk management.
by hapharmonic
About BTC Analysis and Averaging Down... Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (USDT 1D chart) I think USDT provides funds that support the coin market. Therefore, it has a big impact on the coin market. If this USDT gap continues to decline, I think the coin market is likely to turn into a downtrend. I think the gap decline of USDT or USDC is a sign that funds are flowing out of the coin market. (USDC 1D chart) I think that the current continuous inflow of funds into USDC is preventing the coin market from turning into a downtrend. However, I think that the impact of USDC on the coin market will be short-term because it has a lower impact than USDT. USDC cannot form a USDC market on exchanges around the world, so it cannot help but have a lower impact than USDT. Therefore, when USDT maintains a gap downtrend, if USDC also shows a gap downtrend, the coin market is expected to show a large decline. ---------------------------------------- (BTCUSDT 1W chart) As a new candle is created, the HA-High indicator on the 1W chart will be created at the 94742.35 point. Accordingly, the support around 94742.35 is an important issue. If it falls without support, 1st: 87.8K-89K 2nd: 79.9K-80K You should check the support around the 1st and 2nd above. However, since the M-Signal indicator on the 1W chart is rising around 83.6K, it is important to check whether there is support when the M-Signal indicator on the 1W chart is touched. - (1D chart) After passing the volatility period around December 27, it eventually reached the lower part of the sideways section. Therefore, even if it continues to fall further, the key is whether it can touch the 92K-93.5K area and rise above 94742.35. The next volatility period is expected to be around January 10, 2025. ------------------------------------------- When the average purchase price falls below the average purchase price, it is best to cut your loss at the cut-off point. However, from a mid- to long-term investment perspective, there are cases where you cannot cut your loss unconditionally just because the price falls, and you may have missed the time to respond. In this case, you should eventually purchase more to lower the average purchase price and sell when it rebounds. This is called averaging down. The basic principle of averaging down is that you must purchase more than the current purchase principal. (Usually in the stock market, you purchase more than the number of shares you currently own.) Since decimal trading is possible in the coin market, there is an advantage of being able to purchase the purchase principal amount rather than the number of coins (tokens) you own. In that case, the average purchase price will fall more than you think. Therefore, in the coin market, having cash is very important. If you have spare funds (cash), you can cut losses between 50% and 100% of the purchase principal when the price falls below the cut-off point, or you can respond without cutting losses at all. If you do not have spare funds (cash), you should cut losses near the cut-off point. At this time, it is important to secure cash by selling more than 50% of the purchase principal. - If you can manage your investment ratio as explained above, the next important thing is when to make additional purchases. If you bought when the price fell by -10% as I mentioned in the previous "Example of how to trade without being able to analyze charts" idea, then when the price falls by -10% again, it is the time to make additional purchases. Instead, you should purchase additional stocks that you bought according to your own standards when the price rebounds, lower the average purchase price, and then sell them when the price rebounds. In other words, the additional funds purchased must be sold when the price rebounds. Otherwise, when it falls below the average purchase price again, the funds for the next additional purchase will increase significantly, so you will end up giving up without doing anything. The important thing here is to know how much the original purchase principal was before you start averaging down. The reason is that when you purchase additionally and then rebound and sell the amount of the additional funds purchased, the number of coins (tokens) remaining may change. If you purchase additionally and the price rebounds, but it does not rise above the average purchase price and shows signs of falling, it is considered a loss from the overall trading perspective. However, since you sell the amount of the additional purchase when the price rebounds, it is likely to be a profit when looking at the average purchase price of the additional purchase. In other words, the coins (tokens) for that profit will remain. Therefore, if you do not know the original purchase principal, you may end up investing excessive funds the next time you purchase additional funds. Excessive investment of funds can eventually be applied due to psychological anxiety and pressure, which can cause you to make inappropriate transactions. I will publish how to select the timing of additional purchases when I have the next opportunity. However, you should select it by looking at the movements of the StochRSI, BW, DOM auxiliary indicators added to this chart and the M-Signal indicators on the 1D, 1W, and 1M charts. At this time, if there are support and resistance points drawn on the 1M, 1W, and 1D charts, you can trade based on whether there is support or not. Since the MS-Signal indicator on this chart is the standard for trend reversal, you can use it. However, it is recommended to proceed with additional purchases based on the 1D chart. - Thank you for reading to the end. I hope you have a successful transaction. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
1
Crypto Market Update - December 30 2024Monday Alpha Report 2024 12 30 The Head & Shoulders meme has arrived, with all the major crypto outlets & content creators parading the concept of Bitcoin’s imminent decline to $80,000. In last week’s reports, I advised a cautious approach and talked about several risk factors appearing in the market. As I expect volatility to pick up this week, it’s essential to be aware of the current downside risk as well as the longer-term upside potential. While I initially had a more dismissive attitude over the Fed’s hawkishness during our most recent FOMC meeting, as price has continued to be impacted, I doubled down on my analysis. I highlighted how Bitcoin’s significant rallies throughout 2024 were in large part due to a dovish stance from the Fed and clear guidance on current and future rate cuts. During Powell’s speech two weeks ago, that dovishness evaporated as he pivoted from the assurance of rate cuts to almost the opposite, with the market now pricing in potential RATE HIKES in 2025. This was the catalyst for the current decline in price, bringing Bitcoin back within it’s historical trend of tracking Global Monetary Supply (which has been contracting). While the majority of the market feels that we are on the brink of an imminent continuation of the Bull Market, as I pointed out not only in last week’s reports but during last week’s live streams, we don’t see the strength we have seen throughout September and November until optimistically end of January, but more realistically end of March or May. This is because the Fed can’t be seen as so quickly flip-flopping on the issue of inflation, which should not even be their primary concern; unemployment should be, but I digress. Therefore, my current baseline case is that Bitcoin enters a period of consolidation similar to what we saw from April through October, ranging consolidation making lower lows. Now, on the topic of alt season, I have yet to reach a conclusive stance on this. As I said in my last report, the market seems committed to the idea of it kicking off Q1 of 2025. Now, even though I believe Bitcoin is unlikely to return to its bullish stride until Q1/Q2 of 2025, there is a historical precedent for altseason popping off without the need for Bitcoin to be rising in price: the 2018 altseason. At that time, Bitcoin peaked and had already corrected by nearly 30% before alts began to go parabolic. With most alts down significantly, this scenario is unlikely but not impossible. However, at this time, I am not betting heavily on it. Therefore, it is safest for traders to focus on their high-conviction plays and take advantage of the next few months to rebalance their portfolio, set aside fresh capital for investment on further dips, and hold long-term plays. In the short term, there will be lots of plays for us to anticipate and take advantage of, the primary one right now being AI Agents. I have been doing a deep dive into the ecosystem and market mechanics of the AI Agent sector, spending far too much time on cookie.fun for example, than I would care to admit. This is the most promising, albeit high-risk, sector to focus on right now for immediate gain and trade opportunities. I recommend adopting a simple trend-following, moving average crossover strategy (30 over 50 EMA) on the 1 to 4-hour timeframe for a simple strategy, as this has backtested to be wildly successful on these assets. I will post recommendations and trade setups as the New Year progresses. Market Opportunities: SPORE - I posted about the Spore opportunity on Thursday. It went up 70% following my post. Has pulled back from LSE:80M MC to $48.5M. Keep your eyes on this one; it might run again, or the party might be over for a while. Momentum is about to fire long on the 4H. YNE - yesnoerror, sub FWB:30M MC. It’s a ‘DeSci’ AI Agent powered by OpenAI’s o1 model. Its job is to analyze scientific papers for mathematical errors. Followed by most of my smart money accounts on X. Contract Address: 7D1iYWfhw2cr9yBZBFE6nZaaSUvXHqG5FizFFEZwpump Chain: Solana X: x.com Macro: Stablecoin Dominance So far has been unable to successfully break above 6.00%, however our shorter-term moving averages are creeping up, signifying a potential breakout. While we remain underneath the Daily 200 SMA, this metric is in a bearish trend but it is still showing early warning signs of trend reversal. Stablecoin + Bitcoin Dominance: So far, following my original game plan to a T. Dead-cat bounced to re-test the breakdown zone, and is currently trending back down below the 200 SMA. If this trend continues, it will be the strongest evidence of altseason coming as the market predicted. Altcoin Performance Relative to Bitcoin: Following the expected bounce from the 200 SMA + Time Transformation Buy Signal, this metric mirrors stablecoin dominance: tight consolidation. So far, this is promising as we have not seen an immediate rejection as altcoins tentatively hold on to their outperformance of Bitcoin in the short term. Bitcoin Trends: 5M: Bullish 30M: Bearish 1H: Bearish 4H: Bearish D: Bullish Key Levels: POC: $95,347 VWAP: $93,035 Value Area High: $94,700 - $95,171 Value Area Low: $90,899 - $91,946 Resistance: POC Support: $92,000 Strategy: Bitcoin is putting in a nice reaction following its brief dip below $92,000 - however, we’re far from out of the woods. 30M is coming up upon resistance, and price has been faked out several times. Price above $95,000 starts to get a bit more hopeful; however, I see a position here. Unless the last four hours of gains are completely given back, this is a promising Daily Doji candle at support, which has lead bounces on the three previous situations in which it occurred. I can’t underscore enough, however, that Bitcoin is on the cusp of losing its bullish daily trend and is bearish on all other time frames less the 5 minute. The only other chance would be a bounce off the 10 Weekly EMA, which we just experienced on today’s dip. Regardless, Bitcoin either takes advantage of this short-term momentum and makes a test of $96,000 - or we give back our gains quickly and break support, opening up the $80-$85,000 territory for us. The former is more likely.
BYBIT:BTCUSD.P
by CrackingCryptocurrency
BTC/USDT - Key Levels and Volatility Insights for Strategic Trad🚨 BTC/USDT Update 🚨 Analyzing today's price action, we can see Bitcoin trading within a well-defined range, interacting with critical levels. Here's the breakdown of the chart: Key Levels: Bullish Zone: Bull Day (Yellow Dashed Line): Currently acting as resistance around the $94,800 level. A breakout above this level could lead to a test of the Day + ATR around $97,400 and further towards $98,400 if momentum builds. Bearish Zone: Bear Week: $91,000 remains a strong support zone. If breached, BTC could revisit the lower Bear Day level near $89,600, presenting potential for short-side setups. Neutral Zone: Close Week: The $93,200 zone is pivotal as it aligns with previous price congestion. Monitoring price reaction here is critical for determining the next directional bias. Volume Insights: High Volume Nodes (HVNs): Clusters near $94,000 show strong interest from both bulls and bears. Expect significant price reactions here. Low Volume Nodes (LVNs): Gaps near $92,500 indicate potential for rapid price movements if this zone is retested. Market Context: The Volume Profile shows substantial activity aligning with the mid-range at $94,000. This is a consolidation zone, signaling potential accumulation or distribution before the next major move. With today’s upward recovery from the Bear Swing level ($92,800), bulls are gaining strength. However, the next step is breaking through the Bull Day resistance with volume for confirmation. Strategy Suggestions: Longs: Consider entries upon a confirmed breakout above $94,800, targeting $96,000 and $97,400. Stop-loss can be placed near $94,000. Shorts: Look for rejection near $94,800 or a breakdown below $93,200, targeting $92,000 and $91,000. Scalping Opportunities: Use the clearly defined intraday levels, such as $94,000 and $93,200, for quick trades within this range. 🔔 Keep in mind: The market is currently range-bound, and a decisive breakout from this zone will provide better clarity for medium-term directional bias. What are your thoughts? Are you bullish or bearish on BTC right now? Drop your comments below!
by peteramner
Bitcoin Retested A Major Support To The Dollar!Greetings Traders, I hope you all had a Merry Christmas and are bracing yourself for a massively bullish new year full of health and wealth along the way. Today, we have seen Bitcoin retest our major support (previously resistance). Remember, this trendline was drawn from the wick high of April 2021 to the wick high of November 2021. I then extended this line infinitely to the right. This gave me my end of year target for 2024 a year and a half in advance. It has proven to be significant in the previous weeks as we bumped our heads up against it as resistance. Now, it has proven to be support. Should we break to the downside of this trendline, the drop would be pretty big and I would re-analyze and update at that point. For now, our trendline is holding price above 92k and we have bounced nicely. You all should have this line drawn on your Bitcoin chart. I don't care what any other analyst states (I really don't know any others that have spotted this TL), this line is critical! Watch it closely. ✌️ Stew
INDEX:BTCUSDLong
by stewdamus
1
Bitcoin (BTC): Is $83K Just the Start of a Bigger Drop?Bitcoin is showing signs of heading lower, and the next few levels could be make-or-break. Let’s break it down simply so you know what to watch. What’s Happening Right Now? The market’s pointing downward, and we’re eyeing FWB:83K –$85K as the first target. If BTC doesn’t hold there, things could get rough. Where BTC Could Go Next - FWB:83K –$85K: This is the next stop. If Bitcoin can’t bounce here, the selling could pick up. -$70K: A deeper drop, and a key support level where buyers might step in. -$55K: The worst-case scenario for now, but also a spot where we could see some recovery. The Big Picture We’re also seeing a head and shoulders pattern, which is a strong clue that prices might keep dropping. Let’s wait and see how the market reacts as we approach FWB:83K –$85K. What’s the Plan? -Watch FWB:83K –$85K carefully—it’s the first key level. -If BTC doesn’t hold, prepare for $70K or even $55K. -Be patient and trade what you see, not what you hope. If you liked this breakdown, hit like or follow. Got questions about Bitcoin or another chart? DM me—I’d love to help. Feeling stressed about trading or struggling with burnout? Let’s chat. I’m here to help you stay focused and balanced so you can trade with confidence. Let’s tackle this together! Kris/ Mindbloome Exchange Trade What You See
KRAKEN:BTCUSDShort
by Mindbloome-Trading
2
BTC trend is down After falling from a high level, BTC has been fluctuating downward around this downward channel. So far, the structure has been broken in the US market. The price on the hourly line adjusted to the upper edge of the downward channel at 94,000 and fell under pressure. It broke through the previous low of 92,545 and opened up the space below. The current price fell to 91,500, and there is no sign of stopping the decline in the short term. BTC is in an accelerated decline stage overall. It is also consistent with the previous analysis and has now reached the target position. With the short-term volume weakening, the subsequent rebound will focus on the upper 93,000 line. If this position is not broken, the BTC trend may usher in a sharp drop. In terms of operation, you can go short with the trend.
Short
by RonPeter_Trading
BTCUSD BULLISH ANALYSIS | (READ THE CAPTION)Hello dear traders this is my xauusd analysis. Kindly share your opinion with about this chart in comment section Current btcusd price is 92,900.0 Btcusd is going to fly soon because at the moment market running at our strong support zone. Guys from this level btcusd two times fly high toward 100k. We set target of 97,000 because here is our first resistance Key points: Support: 93,200.0 / 92,400.0 Resistance1: 96,000.0 / 97,170.0 Resistance2: 98,900.0 / 100,100.0 Downward trendline Trade setup: Entry: 92,900.0 Target: 96,900.0 Stop loss: 90,900.0 Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me! Best Regards, The forex adventures
OANDA:BTCUSDLong
by TheForexAdventures
Strategy 2025. BTC Airless Scenario Below $100'000 Choking PointThe crypto market is flashing a worrying outlook for 2025, since a disappointing Santa Claus rally this year could deepen issues. This is especially important if BTC will not be able to finish the year 2024 firmly above $100'000 per coin. The financial market has had a tough week, but it might also be in store for a tough year in 2025. The market is on track for its worst weeks over years after the Federal Reserve gave a hawkish forecast for interest rate cuts in 2025. But looking at the market's internals, it's clear that damage had been inflicted well before the Fed's Wednesday meeting—and the signal is a historic indicator of tough times ahead. The number of stocks in Top Stock Club S&P 500 that are declining outpaced advancing stocks for 14 consecutive days on Thursday. The advancing/declining data helps measure underlying participation in market moves, and the recent weakness signals that even though the S&P 500 is only off 4% from its record high, there's damage under the hood of the benchmark index. This is evidenced by the equal-weighted S&P 500 index being off 7% from its record high. According to Ed Clissold, chief US strategist at Ned Davis Research, the 14-day losing streak for the S&P 500's advance-decline line is the worst since October 15, 1978. Clissold said 10-day losing streaks or more in advancing stocks relative to declining stocks can be a bad omen for future stock market returns. While this scenario has only been triggered six times since 1972, it shows lackluster forward returns for the S&P 500. The index has printed an average six-month forward return of 0.1% after these 10-day breadth losing streaks flashed, compared to the typical 4.5% average gain seen during all periods. "Studies with six cases hardly make for a strategy. But market tops have to start somewhere, and many begin with breadth divergences, or popular averages posting gains with few stocks participating," Clissold said. Perhaps more telling for the stock market is whether it can stage a recovery as it heads into one of the most bullish seasonal periods of the year: the Santa Claus trading window. If it can't, that would be telling, according to Clissold. "A lack of a Santa Claus Rally would be concerning not only from a seasonal perspective, but it would allow breadth divergences to deepen," the strategist said. Also concerning to Clissold is investor sentiment, which has flashed signs of extreme optimism since September. According to the research firm's internal crowd sentiment poll, it is in the seventh-longest stretch in the excessive optimism zone, based on data since 1995. "Several surveys have reached what could be unsustainable levels," Clissold said, warning that any reversal in sentiment could be a warning sign for future market returns. Ultimately, continued stock market weakness, especially in the internals, would suggest to Clissold that 2025 won't be as easy as 2024 for investors. "If the stock market cannot rectify recent breadth divergences in the next few weeks, it would suggest our concerns about a more difficult 2025 could come to fruition," the strategist said. Moreover, Dow Jones index has printed recently The Three Black Crows Bearish candlestick pattern, on weekly basis. This is especially important, since mentioned above pattern is massively unwinding from Dow's all the history highs. Previously this pattern has already appeared in TVC:DJI in November 2021 and lead to 20 percent decline in 2022 for Dow Jones Index and to more than 70 percent decline in BTC. The Three Black Crows Bearish candlestick pattern also has appeared in Dow Jones Index in September, 2018 (lead to 18% decline) and in July, 2007 (lead to more than 50% decline). The main technical graph represents a Choking Strategy for BTC in 2025, i.e. BTC airless scenario below $100'000 choking point. The epic 52-week SMA breakthrough in BTC will definitely accelerate a decline at all.
by Pandorra
2
BTC - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched equal lows lower. But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of weakness, so potentially there is a higher probability to see price lower. Your success is determined solely by your ability to consistently follow the same principles.
Short
by Maks_Klimenko
Will Bitcoin Hold $91,600 Support or Drop to $86K?The BTC/USD 4-hour chart highlights a key support zone at $91,600–$92,200, acting as a strong barrier against further downside. The price is consolidating near this level, with a descending trendline adding bearish pressure. A bounce from this support could retest the trendline around $94,000–$95,000, while a break below $91,600 may trigger a decline toward $86,000 or lower. Traders should watch for confirmation of a bounce or breakdown.
CRYPTO:BTCUSDShort
by unichartz
Crab Pattern Based on the provided chart, there is a possibility for the Crab Pattern to complete. In this pattern, point D typically forms at higher Fibonacci levels, specifically around 2.618 of the BC leg. In this chart, the PRZ (Potential Reversal Zone) is identified as a key area for the pattern’s completion. This zone can act as a potential point for a price reversal. The Crab Pattern often emerges at extreme price levels, and if the price reaches this zone, a reaction or reversal might occur. To confirm the completion of this pattern, analyzing price behavior near the PRZ is crucial. Using additional technical indicators such as trading volume, momentum indicators, and candlestick patterns can provide more precise insights. Overall, the pattern has the potential to complete, but traders should wait for further confirmation from the market.
COINBASE:BTCUSDShort
by rozane
SPY/QQQ Plan Your Trade For 12/30 : GAP ReversalThis week should resolve as a Momentum Rally in the SPY/QQQ. Yet, I believe price action will be very volatile as we are still transitioning through the holidays. Overall, I expect the SPY/QQQ to attempt to mount a fairly solid rally this week - possibly attempting to reach new All-Time highs again. Then, I believe the SPY/QQQ will move into an extended topping pattern over the next 2+ weeks - resulting in a breakdown trend after the Inauguration. Gold and Silver appear to be trying to base/bottom and we may see a decent rally in metals this week. I hope so because I don't believe Metals should be this low compared to the risk factors throughout the global markets. Bitcoin is transitioning through an EPP pattern Flag breakdown event. If this continues, I suspect we'll see a downward price move targeting $74k before the end of January 2025. Remember, my Daily/Weekly Cycle Patterns are designed to help us plan and prepare for market opportunities. No, they are not 100% perfect all the time. But I don't know of anything else that can attempt to accurately identify price trends, setups, events weeks and months into the future. 2025 is going to be a great year for traders. Remember, it is all about what you can do with the information I share to profit from these moves. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny