"Gold Bullish Continuation: Waiting for Retest and Buy ConfirmatThis XAUUSD 4-hour chart shows a strong bullish trend with higher highs and higher lows. A major support zone has been identified, and price is expected to retest this area before a potential continuation to the upside. The weak high suggests liquidity above, making it a potential target. The analysis indicates waiting for a retest at the support zone and confirming a buying opportunity before targeting higher levels. OANDA:XAUUSD
Btc!
Bitcoin Dominance (BTC.D) – Current Market OverviewRecent Trend:
Bitcoin Dominance (BTC.D) has been in a steady uptrend for the past two years, reflecting Bitcoin’s outperformance relative to altcoins. The rise in BTC.D indicates that Bitcoin has been capturing a larger share of the overall cryptocurrency market compared to altcoins.
Bearish Divergence:
The weekly chart now shows a bearish divergence, as the Relative Strength Index (RSI) has failed to confirm the recent upside move. This signals that the buying momentum behind BTC.D is weakening, even though the price has been pushing higher. A divergence of this nature can often suggest a reversal or slowdown in the current trend.
Resistance Levels:
There is significant overhead resistance between the 66% and 73% levels, which were last tested during the 2021 bull run. During that time, BTC.D faced rejection in this range, leading to a shift of capital into altcoins.
A rejection at this resistance could lead to a shift in market dynamics, with altcoins seeing increased demand and potentially entering a rally.
Potential Catalysts for an Altcoin Rally:
If BTC.D faces rejection at these key resistance levels, it could signal the start of an altcoin rally, as market capital may flow out of Bitcoin and into altcoins. Traders will closely monitor this resistance zone as a potential catalyst for a shift in market sentiment.
Outlook:
The bearish divergence on the RSI and the presence of strong resistance between 66% and 73% suggests that Bitcoin dominance might be at a turning point. A rejection in this zone would open up the possibility for altcoins to outperform Bitcoin in the near term.
Conclusion:
Bitcoin dominance remains in an uptrend, but the bearish divergence and resistance between 66% and 73% on the BTC.D chart suggest that altcoins could gain momentum if BTC.D faces rejection at this level. Traders should closely monitor this zone, as a reversal in Bitcoin’s dominance could signal the start of a broader altcoin market rally.
Hot Inflation & What to Watch Next - 14/02/2514th of February 2025
•XRP and BNB leading, as Bitcoin trades flat in the last seven days.
•Headline inflation metrics in the US land above expectations.
•Impactful data point to watch heading into the end of February.
---
A big week of headlines and events, particularly out of the US, have netted very little change in Bitcoin’s price.
Bitcoin is down 0.1% at the time of writing in the last seven-days, while altcoins such as XRP and BNB are showing double-digit gains.
Bitcoin has struggled to make new year-to-date highs in the current state of global conditions. In contrast, global indices in the UK (FTSE100) and China (CSI300) have continued to make new year-to-date highs
Mixed Messages & Above Expected Results
Fed Chair Jerome Powell mentioned earlier this week at a senate banking enquiry that the current state of monetary policy does not require easing conditions, as the economy remains strong and the 2% target for inflation is key.
However, he has referenced that unexpected moves in the labour market or a significant cooling of inflation could change the committee’s mind.
“If the labor market were to weaken unexpectedly or inflation were to fall more quickly than anticipated, we can ease policy accordingly.”
On this point, headline metrics for inflation land above expectations this week.
On Tuesday, Consumer Price Index (CPI) landed above expectations at 3.0%, rising 0.1% from the previous month.
Overnight the Producers Price Index (PPI) landed above expectations at 3.5% year-on-year. This figure remains unchanged from the previous month and represents the inflation burden on producers in the US.
Key data to come
On the last day of February the US Personal Consumption Expenditures (PCE) data will provide further clarity towards the state of monetary policy heading into next month.
PCE is the leading indicator used by the policy committee to measure inflation.
Fear and greed currently reads 40 – neutral.
Bitcoin Analysis
The price of Bitcoin is currently trading within the January high and low range, and on the Bollinger band we are entering a period where the upper and bottom channel is compressing.
Bullish Scenario
In the coming days, price may see a sharp move higher as the Bollinger Bands tighten. If bulls regain control and reclaim the monthly open, they could push toward last month’s high.
Bearish Scenario
We could also with this compression in the Bollinger Bands, see volatility moving price to the downside. This may result in prices heading towards the January low.
DISCLAIMER: The information is for general information purposes only. It is not intended as legal, financial or investment advice and should not be construed or relied on as such. Before making any commitment of a legal or financial nature you should seek advice from a qualified and registered legal practitioner or financial or investment adviser. No material contained within this website should be construed or relied upon as providing recommendations in relation to any legal or financial product.
Litecoin Could Triple Against Bitcoin (LTC/BTC)As much as crypto annoys me these days, I can't help but still pay attention to this wild market.
There are some red flags - a lot of uncertainty and major paradigm shifts apparently looming on the horizon. Bitcoin has really slowed down, when it comes to price increases and volatility. It's also now associated with political polarization, as it has been predictably co-opted by wealthy interests, aimed at centralizing financial control and surveillance. Nevertheless, cryptocurrencies chug along.
I'll admit, I've always liked Litecoin. Maybe it's because it was the first cryptocurrency I bought where I realized, hey, Bitcoin isn't the best at what it's supposed to do. It was a lot faster and cheaper, and remains a preferred medium of exchange for crypto transfers. This is evidenced by its growing number of active addresses, when compared with Bitcoin's stagnation.
bitinfocharts.com
bitinfocharts.com
Bitcoin's growth has stagnated, when it comes to its use as a transfer of value, whereas Litecoin continues to grow slowly. Litecoin's active addresses are also only about 50% less when compared with Bitcoin, making its "adoption" not all too far behind.
Of course, there are probably many flaws with Litecoin, as there are with cryptocurrencies as a payment method in general, but when you look at the current crypto market cap and how much Litecoin is actually used, it seems to be undervalued when compared to all the other fluff out there.
It just works. Its max supply is also only 4x that of Bitcoin. It's unlikely to ever achieve a market cap similar, but even if it it goes 4x from here in USD terms (taking it just above its past ATH), its market cap would be the same as Dogecoin, around $37B. That's honestly pretty funny to me.
The only thing I like about crypto is that it's marginally better than a lotto ticket. Maybe if things get even more dystopian, owning some crypto isn't a terrible idea. Things are absurd as it is. I don't like it, but that's how things have been going.
For some quick technicals. Litecoin is on its strongest tear against ETH since 2018:
Litecoin also broke down from a major uptrend against the USD a while ago, but if it gets back in (currently above $170ish), it could fuel a pretty explosive rally.
Based on the above LTC/BTC chart, there is room for a pretty large upside correction.
HOWEVER, it's important to keep in mind that markets are fragile overall right now. If Bitcoin makes a sizeable correction, back down to $70-80k or deeper, Litecoin may drop down to some lows not seen in some time. It's also important to remember that serious upside for Litecoin has previously occurred near market tops.
This is not meant as financial advice! This represents my opinion and feelings about the markets, which are always evolving.
-Victor Cobra
Confessions from the Desk FEB 450 CALL | 37 cents BOOM OR BUST Confessions from the Desk
TIP LINE
"The market is not rational, but your margin calls are very real."
"If it’s not in the S&P 500, it’s in God’s hands."
"Buy the rumor, sell the fundamentals."
For NASDAQ:COIN earnings, are we thinking “to the moon” or “back to the depths of 2022”?
Quickpost:Doge Bitcoin Flagpole over 600% gainsIts a pretty simple idea. DogeBTC has found support on the 100 month Simple moving average and is currently nailing in a higher low. Not by much though. A zoom in also shows a downtrend resistance line has been broken and after a wee pull back of a couple of weeks price is resuming upward.
This creates a W pattern that gives DOGEBTC the structure to get out of the 3 year falling wedge it has been in since May 2021. The MACD is crossing the signal line in a bullish manner. Not as bullish if this cross was above zero, but I will take what I can get.
The chart shows the first two flagpole targets. This is a quick post so I am not looking to throw every indicator on and do 10 sub-charts.
I'll just throw one in because its charming. Here is DogeUSD. We can see that the gaussian channel contains price action in a bear market and mostly price consolidates around the midline. It takas a bit of effort but eventually price creates a lot of white space between it and the GC. Both black boxes shows where the Log MACD sags a bit as price struggles at the gaussian channel before breaking out. I expect to see some very expansive moves for Doge here shortly.
COOKIE Long Swing OpportunityMarket Context:
COOKIE is nearing a key support zone, offering an ideal entry for a potential bounce and continuation of its trend.
Trade Details:
Entry Zone: Around $0.15
Take Profit Targets:
$0.25
$0.36
Stop Loss: Daily close below $0.11
This trade provides a favorable risk-to-reward ratio if COOKIE holds at support and reverses upward. 📈
Bitcoin BTC price analysis😕 Yesterday's news of a higher-than-expected CPI increase seems to have been "digested" by the market.
We liked that most of the alts held up quite well (all compared to last week) - there was no more panic.
1️⃣ On the one hand, the CRYPTOCAP:BTC price is being pushed to the “critical triangle” below which the OKX:BTCUSDT price may go to close the CME GAP formed last year.
But BTC.D is also dropping, albeit reluctantly, a little bit.
2️⃣ On the other hand, maybe it's time to stop focusing on that bourgeois #Bitcoin ).
It's time for the altcoins to take "the pitchforks" into their own hands!)
😱 Some #CAKE and #Bake are showing good growth and even the “heavy” CRYPTOCAP:BNB is climbing despite them.... and all because #CZ decided to return to the “big” game and will present a photo of his dog in a few hours....
We are re-reading this sur and our eyes are twitching.... but these are the realities of the crypto world now...)
⁉️ So, what do you think, which memecoin from СZ will blow up the information space and pull all the market liquidity to itself in the coming hours/days?)
How to trade with V patterns !!!In trading, a V pattern is a chart formation that resembles the letter "V" and is used in technical analysis to identify potential reversals in price trends. It is one of the most common and recognizable patterns, signaling a sharp decline followed by a quick recovery.
Here's a breakdown of the V pattern:
Characteristics of a V Pattern
Sharp Decline (Left Side of the V):
The price experiences a rapid and steep drop, often driven by strong selling pressure or negative market sentiment.
This decline is usually quick and may occur over a short period.
Reversal Point (Bottom of the V):
The price reaches a low point where selling pressure exhausts, and buyers step in.
This is the point where the trend reverses, often accompanied by high trading volume.
Sharp Recovery (Right Side of the V):
The price rebounds quickly, mirroring the steepness of the initial decline.
The recovery is driven by strong buying pressure, often fueled by positive news or a shift in market sentiment.
Types of V Patterns
V Bottom (Bullish Reversal):
Occurs at the end of a downtrend.
Signals a potential reversal from bearish to bullish.
Traders look for confirmation of the reversal, such as a breakout above a resistance level or increased volume.
Inverted V Top (Bearish Reversal):
Occurs at the end of an uptrend.
Signals a potential reversal from bullish to bearish.
Traders watch for a breakdown below a support level or decreasing volume as confirmation.
How to Trade the V Pattern
Identify the Pattern:
Look for a sharp decline followed by an equally sharp recovery.
Use trendlines or moving averages to confirm the reversal.
Wait for Confirmation:
Avoid entering a trade too early. Wait for the price to break above a resistance level (for a V bottom) or below a support level (for an inverted V top).
Set Entry and Exit Points:
For a V bottom, enter a long position after the price breaks above resistance.
For an inverted V top, enter a short position after the price breaks below support.
Use stop-loss orders to manage risk, placing them below the reversal point for a V bottom or above the reversal point for an inverted V top.
Targets:
Measure the height of the V pattern and project it upward (for a V bottom) or downward (for an inverted V top) to estimate potential price targets.
Key Considerations
Volume: Higher trading volume during the reversal confirms the strength of the pattern.
Market Context: V patterns are more reliable when they align with broader market trends or fundamental factors.
False Signals: Not all V patterns lead to sustained reversals. Always use additional indicators (e.g., RSI, MACD) to confirm the trend.
The V pattern is a powerful tool for traders, but it requires careful analysis and risk management to avoid false signals and capitalize on potential opportunities.
**DXY 4H Analysis: Ascending Channel Support, Bullish Move AheadThis DXY 4H chart shows an ascending channel with multiple BOS (Break of Structure) and CHoCH (Change of Character) points. The price is currently near the lower trendline support, around 107.754, suggesting a potential bullish reaction.
A minor BOS has formed, and a possible retest of the 108.000 zone could act as confirmation for a bullish move. If the price holds above this support, the next upside target is around 110.062. However, a breakdown below the ascending trendline could indicate weakness, with support levels at 107.706–107.675 and a stronger demand zone lower around 106.400.
HelenP. I Bitcoin may drop below support level, breaking itHi folks today I'm prepared for you Bitcoin analytics. A few days ago, the price bounced off the trend line and dropped to the resistance level, which aligned with the resistance zone, and eventually broke through it. After that, the price continued its decline and even fell below the support level before quickly reversing. Following this reversal, the price made a sharp move up to the resistance zone but soon started falling again, breaking the 100500 resistance level in the process. Some time later, BTC dropped to the support level, which coincided with the support zone, and attempted to rise. However, it failed and corrected back to the 94800 support level. The price traded near this level for a while before rebounding to the trend line. Recently, it turned around again and resumed its downward movement. Currently, I anticipate that BTCUSDT will rise toward the trend line before eventually breaking below the support level. For this scenario, I’ve set my goal at 93200, which is below the support zone. If you like my analytics you may support me with your like/comment ❤️
BITCOIN bounced on last Cycle's Pivot and targets $125k.Bitcoin (BTCUSD) has been consolidating every since the Double All Time High (ATH) formation of December and January. As we've pointed out in previous analyses, this is similar to the December 2023 - January 2024 consolidation.
What we haven't seen before and we bring it forward to you today, is that the January 2025 Low was priced exactly on the Higher Highs trend-line that emerged from the November 2021 and April 2021 Highs, i.e. the previous Cycle's tops!
To make things more interesting, we can see an identical Higher Highs trend-line that held the January 2024 Low (of the similar consolidation phase we discuss above) with an identical 1W RSI sequence as well. That was what initiated the February - March 2024 rally.
Assuming the current Low holds, BTC should kick start any time now the new 2025 Bullish Leg, which technically eyes the Higher Highs trend-line of the current Bull Cycle (dotted line). Even if it starts as early as this week, it should target at least $125000.
Do you think that is a plausible scenario, assuming the former Higher Highs trend-line, which has now turned to a pivot, holds? Feel free to let us know in the comments section below!
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POPCATUSDT → False breakout of bearish trend resistanceBINANCE:POPCATUSDT.P is testing trend resistance on the 4H timeframe. A sharp approach and a false breakdown of the upper boundary of the channel may provoke a correction or continuation of the decline
The global trend is downtrend, the locational trend also coincides with the global trend. Bitcoin cannot become a bullish driver for altcoins yet. Yesterday's economic news also had a negative impact on the market. In addition, the cryptocurrency community was betting big on Trump, but he has put cryptocurrencies on the back burner.
Technically, POPCAT is testing the channel resistance with a false breakout within the downtrend. Consolidation of the price below 0.322 could trigger further selling.
Resistance levels: 0.322, correction resistance
Support levels: 0.2386, 0.1596
I do not exclude the possibility of retesting the resistance of the correction channel, but due to bearish pressure and weak market the decline may continue.
Regards R. Linda!
No longs by far. 90-92K stands in focusMorning folks,
Last time we were speaking about possible upside bounce to ~102.5K area. But BTC has failed three attempts to move out from support level where it stands. Despite that upside momentum was not bad.
With the recent high CPI on the table and weekly DRPO "Sell" pattern on the back, we suggest that downside action could start at any time. First target will be ~90-92K area just because this is daily oversold. Weekly pattern suggest target around 80-81K.
By this reason we do not consider any new intraday longs by far. Besides, on daily chart today we could get bearish grabber that supports adea of 90-92K lows level.
BTC/USDT chart analysis.BTC is hovering around the previous trendline and will be testing it as potential support after the breakout.
So far, it remains above the green demand zone ($92,000 – $95,000), indicating buyers are stepping in.
100-day MA (purple line): BTC bounced off this level, reinforcing its significance as a dynamic support.
BTC remains above it, a bullish sign, but a breakdown could change the momentum.
Support: $92,000 – $95,000 (green zone).
Resistance: $100,000 – $102,500, which has been a selling zone recently.
Do you want a trading strategy based on this setup?
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DYOR. NFA