Dogegov ($DOGEGOV): Another 100% + returnI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
---SEE MY PREVIOUS ANALYS ON PREVIOUS ENTRY---
Dogegov ( KUCOIN:DOGEGOVUSDT ): Awaiting Optimal Entry Amidst Recent Developments
Trade Setup:
- Entry Price: $0.12455 (Pending Activation)
- Stop-Loss: $0.08754
- Take-Profit Targets:
- TP1: $0.27494
- TP2: $1.01000
Current Price: $0.23538
Recent Developments:
- Department of Government Efficiency ( KUCOIN:DOGEGOVUSDT ): President-elect Donald Trump has announced the formation of the Department of Government Efficiency, abbreviated as DOGE, to be led by Elon Musk and Vivek Ramaswamy. This initiative aims to streamline government operations and reduce wasteful expenditures.
- Market Reaction: Following the announcement, Dogecoin's value has surged, reflecting increased investor interest and market optimism.
Technical Analysis:
- Support Levels: Immediate support is observed around $0.20000, with stronger support near the anticipated entry price of $0.12455.
- Resistance Levels: Key resistance is identified at $0.30000, aligning with TP1, and a significant psychological barrier at $1.00000, just below TP2.
- Moving Averages: The 50-day EMA is trending upwards, indicating sustained bullish momentum.
- Relative Strength Index (RSI): Currently at 70, suggesting overbought conditions; a potential pullback to the entry price is plausible.
Market Sentiment:
The convergence of cryptocurrency culture with political developments has heightened interest in $DOGEGOV. The symbolic association with the Department of Government Efficiency has attracted both crypto enthusiasts and mainstream investors, contributing to increased trading volumes and positive sentiment.
Risk Management:
The proposed stop-loss at $0.08754 limits downside risk to approximately 30% from the entry point. TP1 offers a potential gain of 121%, while TP2 presents an opportunity for a 711% return, indicating a favorable risk-to-reward ratio for this trade setup.
Conclusion:
The intersection of recent political announcements and the cryptocurrency market has created a unique opportunity with $KUCOIN:DOGEGOVUSDT. Awaiting a retracement to the entry price of $0.12455 could provide an advantageous position to capitalize on potential upward movements, supported by current market sentiment and technical indicators.
When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Conduct thorough research before making any investment decisions.*
Btc!
BITCOIN New year, same thing..Bitcoin (BTCUSD) has just reclaimed the 1D MA50 (blue trend-line) over the weekend and is so far successfully holding it below the price action, making it a Support.
The exact same price action took place in January last year (2024). In fact, as these 1D charts very vividly illustrate, the whole sequence from the September 06 2024 Low to today, is very similar to the sequence from the September 11 2023 Low to (so far) January 2024.
This incredible degree of symmetry is also extending to their 1D RSI and MACD fractals. The first formed Bearish Divergences under Lower Highs trend-lines, which when broken confirm the new rally, while the latter (MACD) was the early buy signal when it formed a Bullish Cross below the 0.00 mark.
If BTC continues to copy the January 2024 fractal, then we should be expecting a few more days of sideways price action, that will pave the way for the new (2nd) Rally Phase of the whole pattern. The 2nd rally peaked on the 1.618 Fibonacci extension from the September 11 2023 Low, so if the pattern replication continues, we may see a peak above $150k.
So do you think the early 2024 bullish break-out will be repeated? And if yes, are you expecting a peak as high as $150000? Feel free to let us know in the comments section below!
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Bitcoin - Will Bitcoin return to above $100,000?!Bitcoin is above the EMA50 and EMA200 in the four-hour time frame and is trading in its ascending channel. Capital withdrawals from Bitcoin ETFs or risk off sentiment in the US stock market will pave the way for Bitcoin to decline. One can look for Bitcoin sell positions in the supply zone.
Bitcoin's downward correction and its placement in the demand zone will allow us to buy it. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and compliance with capital management in the cryptocurrency market will be more important.
In 2025, key narratives in the cryptocurrency market are expected to include asset tokenization, artificial intelligence, and Bitcoin as a reserve asset. Experts also predict that meme coins might become a major trend, while maintaining caution regarding Solana and Ripple ETFs.
In 2024, the crypto market experienced increased adoption and institutional investment. Experts anticipate significant trends in 2025 as the market matures and Bitcoin’s upward trajectory continues.
ETF providers are exploring more innovative and potentially riskier ways to attract investors to cryptocurrencies. New applications submitted to the U.S. Securities and Exchange Commission (SEC) include ETFs converting S&P500 returns into Bitcoin and funds investing in convertible bonds to purchase Bitcoin.
Additionally, Volatility Shares aims to launch inverse and leveraged Solana funds.If approved, more than ten new cryptocurrency-related funds could become available to investors in 2025.
Reports indicate that the Bitcoin network settled over $19 trillion in transactions in 2024, more than double the $8.7 trillion settled in 2023.
At the height of the 2021 bull market, Bitcoin’s transaction volume reached approximately $47 trillion. However, this volume significantly declined in 2022 and 2023. Nevertheless, in 2024, Bitcoin’s network reestablished itself as a store of value and medium of exchange with over $19 trillion settled.
Robert Kiyosaki, author of the best-selling book Rich Dad, Poor Dad, has predicted Bitcoin’s price to range between $175,000 and $350,000 in 2025. A strong advocate of Bitcoin, Kiyosaki believes the cryptocurrency can serve as a hedge against global economic volatility.
According to data from SaylorTracker, MicroStrategy currently holds 446,400 Bitcoin worth approximately $43.7 billion. Michael Saylor, co-founder of MicroStrategy, shared a Bitcoin chart from SaylorTracker on January 5, hinting at potential Monday purchases. He tweeted, “Something on SaylorTracker.com doesn’t seem right.”
The previous week, on December 29, Saylor shared a similar chart, and on December 30, MicroStrategy purchased 2,138 Bitcoin at an average price of $97,837 per unit. These purchases are part of the company’s 21/21 program, which aims to acquire $42 billion worth of Bitcoin through $21 billion in stock issuance and $21 billion in fixed-income securities.
MicroStrategy’s inclusion in the Nasdaq Index on December 23, 2024, provided traditional stock investors indirect exposure to Bitcoin through ETFs. Following its inclusion, the company held a special shareholder meeting to secure approval for increasing funds to buy more Bitcoin.
According to a December 23 filing with the SEC, MicroStrategy has requested shareholder approval to increase its Class A common stock from 330 million to 10.3 billion shares.
Big test for BTCMorning folks,
So, we're almost there - 100.5K area that we've discussed last time. BTC is almost completed the predefined XOP extension.
Why this level is so important. Because it determines the results of H&S daily pattern - whether it will work or fail:
Correspondingly, it tells where BTC will go - either back to the 108K top (or even higher) or starts deeper retracement to ~82-87K area.
Besides, it is important to us because we have to make a decision on short position taking. Here we also could use 1H potential H&S pattern, with 99K area of the right arm and potential level for decision making. This is just to not risk too much.
So, watching for completion of XOP, then 1H H&S - if everything goes as it should, thinking about short entry. If not - then start watching North.
BTC short idea - target $87,000BTC confirmed its break down from the rising channel on the 8hour time frame.
The break down target is between $87,000 and $84,000.
Invalidation of this trading idea is accepting BTC price above $100,000. So check for at least 4 hour candle close an above $100,000 to invalidate this.
Bitcoin (BTC/USD) – Technical Analysis UpdateCurrent Technical Setup:
Rectangle Formation: BTC’s price is consolidating in a continuation pattern, signaling that the prevailing uptrend remains intact.
The longer this consolidation lasts, the more powerful the potential breakout due to the buildup of momentum.
Upside Targets:
A breakout from the rectangle could propel BTC towards $125,000–$130,000, aligned with Fibonacci extensions and prior bullish projections.
This would mark a continuation of Bitcoin's impressive rally while remaining technically structured and sustainable.
Support Levels:
$78,000–$80,000: Critical support zone to maintain the bullish structure.
Higher Low Formation: Reinforces buyers’ confidence and indicates the rally is built on a solid foundation.
Market Implications:
The current consolidation serves to stabilize the market, reducing the likelihood of a sharp correction.
Sustained buying interest at current levels suggests healthy accumulation, further strengthening the bullish narrative.
Outlook:
As long as BTC holds above $78,000–$80,000, the technical picture remains firmly bullish. A breakout above the rectangle’s resistance could trigger a swift move toward six-figure levels, marking the next phase of the uptrend. Patience is key, as extended consolidations often lead to explosive upward moves.
Professional Technical Analysis for Bitcoin + trade planTechnical Analysis for Bitcoin (BTC/USDT)
Resistance Level:
The red trendline indicates a strong resistance around $100,000 to $100,500.
Bitcoin has tested this resistance and is showing signs of a possible reversal.
Support Levels:
Immediate support is around $98,000 (green horizontal line).
Stronger support is in the orange zone between $96,000 and $97,000.
Volume Analysis:
Volume spikes are visible during resistance testing, suggesting selling pressure near $100,000.
Indicators:
VMC Cipher B Divergences: Showing bearish momentum divergence at the peak, indicating potential downward pressure.
RSI (Relative Strength Index): Around 67, nearing overbought territory but not yet overextended.
Money Flow Index (MFI): Indicates mild outflows, confirming weakening buying pressure.
Stochastic RSI: Overbought levels, crossing downwards, further supporting a short-term pullback.
Price Action:
The price has been forming higher highs and higher lows, but the rejection from resistance hints at a temporary retracement.
The projection shows a potential dip into the support zone ($96,000–$97,000) before resuming an uptrend.
Trading Plan
Short-Term Trading Plan:
Entry Point:
Wait for Bitcoin to retrace into the orange support zone ($96,000–$97,000).
Place a buy limit order within this zone to capitalize on the anticipated bounce.
Stop-Loss:
Set a stop-loss slightly below $95,500 to mitigate risk in case the price breaks key support.
Take-Profit Targets:
First Target: $100,000 (resistance retest).
Second Target: $103,000 (continuation breakout above resistance).
Risk-Reward Ratio:
Maintain a minimum risk-to-reward ratio of 1:3 for this trade.
Medium-Term Trading Plan:
Scenario 1: Bullish Breakout
If Bitcoin breaks above $100,500 with high volume, enter a momentum trade targeting $103,000–$105,000.
Use trailing stop-loss to secure profits in case of reversal.
Scenario 2: Bearish Breakdown
If Bitcoin closes below $96,000 with increasing volume, consider a short position targeting $93,000 as the next major support.
Key Trading Notes:
Monitor market sentiment and news, as fundamental factors can influence Bitcoin’s direction.
Watch for divergences in the indicators (e.g., RSI, VMC Cipher) for early signs of trend reversals.
Adjust position sizing based on risk tolerance and volatility in the crypto market.
Could the Bitcoin reverse from here?The price is rising towards the pivot which aligns with the 61.8% Fibonacci retracement and could reverse to the pullback support.
Pivot: 101,945.49
1st Support: 91,763.50
1st Resistance: 108,400.14
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bitcoin on critical level Bitcoin is currently testing a critical resistance level, which is a price point where it often encounters significant selling pressure. This level acts as a barrier, and if the price successfully breaks above it, it could signal strong bullish momentum in the market. Such a breakout would likely attract more buyers, leading to notable upward price movements. On the other hand, if the resistance holds, Bitcoin might face a pullback or consolidation. Therefore, it’s essential to monitor the price action closely at this level, as it could indicate the next significant move in Bitcoin's trend.
Bitcoin is on critical level be careful Bitcoin is currently testing a critical resistance level, which is a price point where it often encounters significant selling pressure. This level acts as a barrier, and if the price successfully breaks above it, it could signal strong bullish momentum in the market. Such a breakout would likely attract more buyers, leading to notable upward price movements. On the other hand, if the resistance holds, Bitcoin might face a pullback or consolidation. Therefore, it’s essential to monitor the price action closely at this level, as it could indicate the next significant move in Bitcoin's trend.
Bitcoin Breaking the Horn or Sounding the Trumpet?In my last post on November 28, 2024, I discussed Bitcoin’s rising wedge and wondered if the “horn of doom” would break bearish or bullish. Since then, Bitcoin has surged, flowing its trumpet all the way to $108,388.88.
Fast forward to today, and Bitcoin is once again at a critical juncture. For the past few days, it’s been trying to break through resistance at $99,264.37 the Fibonacci 0.786 level but has failed repeatedly.
The big question is:
👉 Will Bitcoin blast through this key level and flip the trend around?
👉 Or are we looking at a possible retest of the Fibonacci 0.5 level?
This could be the moment where Bitcoin either reignites its bullish momentum or takes a breather before the next big move.
What do you think?
📉 Bearish retest or 📈 bullish breakout?
Drop your comments below and share your thoughts!
Alikze »» PEOPLE |Corrective structure in ascending channel🔍 Technical analysis: Corrective structure in ascending channel
- It is moving in an ascending channel in the daily time frame.
- At present, the supply area is faced with sales pressure.
- According to the downward momentum, it can have a pullback with a broken structure.
💎Possible scenario: Therefore, any attempt to the supply zone, if it does not break it upwards, can continue the downward path and touch the 0.04880 range first.
💎 Alternative scenario: In addition, if the region breaks the supply, it can grow to the next region.
🛑 Resistance range: 0.10986 - 0.12207
🟩 Support range: 0.03662 - 0.04272
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$BTC Cheat Sheet They Don't Want You To See!THE CRYPTO CHEAT SHEET
After seeing this, don't let anyone tell you that trading the market is hard.
All you need is a 4-year mindset.
Sell in November (the latest) post-halving year, ie 2025
Buy in November the year after, ie 2026
It really is that simple.
CRYPTOCAP:BTC 👑
Bullish Cases for ENA/USDT#Bull_Insights #014
Coin Ticker : #ENA
Market : Binance
Time Frame : 1 Week.
This report analyzes the bullish indicators for ENA/USDT as depicted in the provided chart, highlighting potential upward trends and investment opportunities based on technical analysis.
Key Observations:
Volume Surge : There's a noticeable increase in trading volume at the end of 2024, which often precedes significant price movements. High volume can indicate strong buying interest, suggesting a potential bullish trend.
Price Consolidation : The price has been consolidating within a tight range, marked by the red dashed lines (approximately $1.2 - $1.4 USDT). Consolidation after a downtrend and rebound can lead to a breakout, often upwards if accompanied by increasing volume.
Support and Resistance: The consolidation area acts as a strong support level. If ENA breaks above the resistance with significant volume, it could signal the start of a new uptrend.
Moving Average Cross: Although not explicitly shown, the price action near what appears to be a moving average specifically on the daily time frame confirms a golden cross (short-term MA crossing above long-term MA), a bullish signal.
Relative Strength Index (RSI) : The RSI, if considered, rebound from the oversold area and currently showing bullish sentiment with a divergence in the formation (not visible in the chart). An RSI moving upwards from an oversold condition or showing bullish divergence could confirm buying momentum.
Pattern Formation : The price action seems to be forming a potential double bottom or and in some particular cases inverse head and shoulders pattern, both of which are bullish reversal patterns. Confirmation of these patterns with a breakout above the neckline or the red rectangle resistance area would be a strong bullish signal.
Fibonacci Retracement: The price is currently near the 1.68 Fibonacci extension level. A bounce from these levels could indicate the resumption of the forming uptrend.
🔼Bullish Cases:
Breakout Scenario: A breakout above the current resistance with high volume could lead to a target price calculated by the height of the consolidation range, potentially pushing ENA towards $1.6 - $1.8 USDT in the short term and will pave a way for the long term ATH move for the coin.
Pattern Confirmation : If the patterns mentioned (double bottom or inverse head and shoulders) are confirmed, this could lead to significant price appreciation, targeting levels beyond the previous highs.
Volume Confirmation: Continued increase in volume alongside price movement will validate the bullish case, suggesting strong market interest and potential for sustained growth.
Fundamental View on the future of MIL:ENA :
▶️ Sector: DeFi
▶️ MC: $3.73B
▶️ FDV: $18.58B
▶️ Unlocked supply: 20.22%
- Ethena is a synthetic dollar protocol built on Ethereum.
- It offers a crypto-native solution for money that doesn't rely on traditional banking infrastructure.
- Additionally, it provides a globally accessible, dollar-denominated savings instrument — the "Internet Bond."
Conclusion:
The current technical setup for ENA/USDT shows several bullish indicators. However, investors should watch for confirmation through volume and price action before making investment decisions. Always consider broader market conditions and news related to ENA that could affect its price independently of technical indicators.
Recommendation:
Monitor ENA/USDT closely for breakout signals above the current resistance. If confirmed with volume, consider entering long positions with stops below the consolidation area for risk management.
Bitcoin: Bullish Until 90K Is Broken.Bitcoin has found support in the low 90K area (read my previous week's analysis). As long as 90K stays intact it is within reason to continue to have bullish expectations. Also wrote in the previous article that overly optimistic expectations are not in line with the developing price structure. Based on the inside bar formation that is developing now (see arrow), price is likely to test the 102,500 area minor resistance. IF it gets there, and what happens after is anyone's GUESS. The idea here is to be prepared for the coming week by coming to the market with a sense of context while at the same time being open to ANYTHING. The market decides what actually happens, the only thing we can do is adjust and follow.
I like to think of everything within a limited range of scenarios. "If this scenario, then that" or "if this other scenario, then that other outcome". For example, IF the current candle closes as a doji and the high is cleared over the next day, price is likely to squeeze into the next resistance area which happens to be in the 102Ks (see thin rectangle). This information can help you to prepare for bullish setups and confirmations on smaller time frames to capture a portion of the 4K point potential. This is where a confirmation tool like my Trade Scanner Po comes into play. You come to the market with an idea and the tool provides an objective confirmation with defined risk and profit objective.
IF the current candle develops into a bearish engulfing instead, that would cancel out the bullish idea and increase the likelihood of price retesting the 90K AREA support zone. A location where long setups should be anticipated UNTIL the level is compromised. Again the market moves first, and then from there we can better anticipate the following movement.
At this point there is not much to do but wait for a confirmation one way or the other. The 100K area may also act as a psychological resistance so taking swing trades or positions with longer time horizons carries a lot more risk compared to signals around the low 90ks.
How you navigate the market depends heavily on the time horizon you choose. Smaller time horizons have smaller associated risk, but a larger amount of noise and false signals. Larger time frames are less noisy and offer larger movements, but the risk is much greater. It is possible to operate on multiple time frames but requires a decent amount of experience.
And while Bitcoin is still generally bullish, that does not mean it will stay that way. It is better to keep an open mind than to get married to an opinion ESPECIALLY if the source of that opinion came from some "expert". For better perspective, keep an eye on the weekly or monthly time frame. If the low of the current monthly candle is compromised, some kind of corrective move is likely to follow, NOT BTC 1.2 million.
Thank you for considering my analysis and perspective.
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BTC Neural AI Strategy tuned for ETH crypto showing buy signalHey everyone. Here's a new trade idea potentially for ETH. I created a a new trading strategy script for Bitcoin, and I tuned the parameters for ETH. The original script is called the "BITCOIN BTC Neural AI Strategy." It creates a neural network using RSI, MACD, and EMA which are weighted and undergo a mathematical transformation to result in a single value. Plotting the single value, and adding thresholds gives you the ability to trade. This is the strategy script, but I also have the indicator script which can be used to automate buy and sell signals directly to your phone, email, or your bot.
After adapting the parameters for ETH, I get a winning backtested strategy (see attached image):
Based on the backtest, and the average winning trade, I feel like this could be an area where ETH continues to increase. Since the Buy signal was triggered, ETH already went up but I believe there is more growth especially since the sell signal has not yet been triggered yet, and the Neural Proxy line is showing it is closer to ANOTHER buy signal instead of a sell signal.
I don't want to explain the script and how it works since this is a 'publish idea' and not a 'publish script' post, but I'll link the original script publication, or you can just find it on my profile :)
How to Use The Indicator/strategy
Look at the Neural Proxy line—it’s color-coded and easy to spot.
For traders who only trade long:
When the Neural Proxy line is above 0.5 = buy
When the Neural Proxy line is below -0.5 = sell
For traders who only trade short:
When the Neural Proxy line is above 0.5 = exit the short
When the Neural Proxy line is below -0.5 = enter the short
This strategy (and the pairing indicator script) is able to be used to trade long only, short only, or both long & short to maximize trade opportunities.
$BTC - Quick Market Updates CRYPTOCAP:BTC stalled or consolidating at the high, retesting its immediate resistance at 98.5k
98.5k remains to be the trouble zone that we need to reclaim. If we continue to reject at this level (m_rvwap) , we might test 96.6k (npoc) to 96.1k (poor low)
Would love to see we hold the value area low, but we'll see how the weekly closes!