Nobody appreciates it !!!As I mentioned in my previous analysis, Bitcoin managed to break through the triangle pattern and experienced significant growth. Now, the price is forming a bullish pennant pattern, which could lead to further growth after the pennant breaks.
Previous Analysis
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Btc-e
BTC Extended Analysis - Road to 107KHeyy!! Hope everyone is so well!! As mentioned in ealier BTC and its entities, the support was supported and A huge number of cluster of liquidation lies at 105k means its evident, but always remember the liquidation happens in cluster so here a cluster down is needed.
expect 98904 range, if vol is strong, expect a single candle break!!! 105 is evident so is 107k, doodle says a lot!!
BNB → Big accumulation. In step with the distributionBINANCE:BNBUSDT is trying to move into the realization phase after quite a long accumulation, thanks to which the coin can give a very good growth
The coin tested the strong support of 645 within the correction. False break of the support and quite aggressive buyout of the fall indicates buying potential. Bitcoin, which is testing the highs and ready to go even higher is a good driver for BNB
Accordingly, the focus is on near-term levels. If the price can break the near-term resistance and consolidate above, the market will further go to break ATH and try to renew it.
Resistance levels: 761, 793
Support levels: 691, 645
I don't exclude that the unexpected correction of bitcoin can provoke a correction in the cryptocurrency market, but in general the structure is bullish. High probability of resistance breakdown with the purpose of continuation of movement
Regards R. Linda!
107K is next upside target, looking at 98-98.5K for entryMorning folks,
So, BTC stands in upside channel, and we have no big patterns by far. Meantime, on 4H chart as potential ones, we could suggest the butterfly, right?
While on 1H chart we have DRPO "Sell" (in red circle) and a kind of H&S shape. It is just a shape, but who said that market can't keep it harmony?
Thus, 98-98.5 seems interesting level, if you would like to go long. For short position we see nothing interesting on higher time frames, thus, only DRPO "Sell" here and with minimal target around 98.5K
Bitcoin Market Trend Analysis (BTC/USD) – Updated Trading Overview of the Current Bitcoin Market Trend
In recent weeks, the Bitcoin (BTC/USD) BINANCE:BTCUSD market has shown a strong bullish trend, breaking several key resistance levels. From late November until now, Bitcoin's price has consistently reached new highs, but it is currently facing significant resistance levels. In this article, we will analyze Bitcoin's current trend and suggest specific trading strategies for investors in December 2024.
Bitcoin BINANCE:BTCUSDT Market Overview
Based on the 4-hour chart for Bitcoin, we see that the price is approaching the 103,629.86 USD resistance level and may encounter a pullback. Meanwhile, the important support level at 92,381.58 USD has been holding strong as a safeguard for the uptrend. With strong volatility and increasing trading volume, traders should watch for important technical signals to optimize their trading strategy.
Bitcoin (BTC/USD) Trading Strategies
Long Trading Strategy (Buy)
Entry Condition:
Buy when Bitcoin pulls back to the 92,381.58 USD support level and shows signs of recovery (such as reversal candlestick patterns like pin bars or other reversal setups).
Watch for confirmation from the 200-period MA (blue line). If the price stays above this moving average, the uptrend should continue.
Profit Target: Take profit at the 100,000 USD or 103,629.86 USD resistance levels.
Stop Loss: Place stop loss just below 92,000 USD to protect the trade if the market moves lower.
Short Trading Strategy (Sell)
Entry Condition:
If the price fails to break above 103,629.86 USD and shows signs of reversal (e.g., Bearish Engulfing candle), consider opening a short position.
Profit Target: Take profit at the 100,000 USD support level or 97,600 USD.
Stop Loss: Place stop loss above 103,800 USD to protect the position if the market continues higher.
Breakout Trading Strategy
Entry Condition:
If the price breaks above 103,629.86 USD with high trading volume, consider opening a long position.
After the breakout, if the price returns to retest this level and shows confirmation (e.g., candle closes above the previous resistance), consider entering a buy position.
Profit Target: Take profit at 105,000 USD or higher.
Stop Loss: Place stop loss below 100,000 USD to protect capital if the price retests lower levels.
Pullback Trading Strategy
Entry Condition:
Buy when the price pulls back to the 92,381.58 USD support level and shows signs of recovery with increasing volume.
Profit Target: Take profit at 100,000 USD or 103,000 USD.
Stop Loss: Place stop loss below 92,000 USD or 91,000 USD.
Candlestick Pattern Strategy
Entry Condition:
Open a buy position if a strong reversal candlestick pattern forms at the 92,381.58 USD support level.
Open a sell position if a reversal candlestick pattern forms at the 103,629.86 USD resistance level.
Profit Target and Stop Loss: Apply the same profit targets and stop loss levels as mentioned in the strategies above.
Conclusion
With Bitcoin’s strong bullish trend, investors should pay close attention to key support and resistance levels such as 92,381.58 USD and 103,629.86 USD. Trading strategies like buying when the price pulls back to support, selling when encountering resistance, or trading a breakout after breaking key resistance levels can provide profitable opportunities. However, managing risk through stop loss and setting reasonable profit targets are crucial for protecting capital and optimizing returns in a volatile market.
Always monitor the charts and technical signals to make the most informed trading decisions. Wishing you success in your Bitcoin trading journey!
#BTC Potential Long Setup
looking at the Volume increasing now and the Breakout of the Value Area High with Confluences also from the WVAP i personally could now imagen that this Drop what we had was the last Drop for now to catch everything deeper.
i will take a Risk and it is my Personal thought that we will see those Targets on BTC:
📈 Entry CMP : 101164
🛑 SL: 97993
🎯 Target 1: 105710.5
🎯 Target 2: 112919.0
🎯 Target 3: 124707.0
🎯 Target 4: 136410.0
🎯 More TP: 140k - 150k
also do your own Reseach this is my own idea.
Cheers to all and happy Trading.
ETH RSI Bearish Divergence? Daily TimeframeThe relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of an asset's recent price changes to detect overbought or oversold conditions in the price of said asset.
In addition to identifying overbought and oversold assets, the RSI can also indicate whether your desired asset may be primed for a trend reversal or a corrective pullback in price. It can signal when to buy and sell.
The RSI will oscillate between 0 and 100. Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition.
The RSI is one of the most popular technical indicators. I intend to offer a fresh spin.
Adapted RSI w/ Multi-Asset Regime Detection
Our Adapted RSI makes necessary improvements to the original Relative Strength Index (RSI) by combining multi-timeframe analysis with multi-asset monitoring and providing traders with an efficient way to analyse market-wide conditions across different timeframes and assets simultaneously. The indicator automatically detects market regimes and generates clear signals based on RSI levels, presenting this data in an organised, easy-to-read format through two dynamic tables. Simplicity is key, and having access to more RSI data at any given time, allows traders to prepare more effectively, especially when trading markets that "move" together.
How we calculate the RSI
First, the RSI identifies price changes between periods, calculating gains and losses from one look-back period to the next. This look-back period averages gains and losses over 14 periods, which in this case would be 14 days, and those gains/losses are calculated based on the daily closing price. For example:
Average Gain = Sum of Gains over the past 14 days / 14
Average Loss = Sum of Losses over the past 14 days / 14
Then we calculate the Relative Strength (RS):
RS = Average Gain / Average Loss
Finally, this is converted to the RSI value:
RSI = 100 - (100 / (1 + RS))
snapshot
Key Features
Our multi-timeframe RSI indicator enhances traditional technical analysis by offering synchronised Daily, Weekly, and Monthly RSI readings with automatic regime detection. The multi-asset monitoring system allows tracking of up to 10 different assets simultaneously, with pre-configured major pairs that can be customised to any asset selection. The signal generation system provides clear market guidance through automatic regime detection and a five-level signal system, all presented through a sophisticated visual interface with dynamic RSI line colouring and customisable display options.
Quick Guide to Use it
Begin by adding the indicator to your chart and configuring your preferred assets in the "Asset Comparison" settings.
Position the two information tables according to your preference.
The main table displays RSI analysis across three timeframes for your current asset, while the asset table shows a comparative analysis of all monitored assets.
Signals are colour-coded for instant recognition, with green indicating bullish conditions and red for bearish conditions. Pay special attention to regime changes and signal transitions, using multi-timeframe confluence to identify stronger signals.
How it Works (Regime Detection & Signals)
When we say 'Regime', a regime is determined by a persistent trend or in this case momentum and by leveraging this for RSI, which is a momentum oscillator, our indicator employs a relatively simple regime detection system that classifies market conditions as either Bullish (RSI > 50) or Bearish (RSI < 50). Our benchmark between a trending bullish or bearish market is equal to 50. By leveraging a simple classification system helps determine the probability of trend continuation and the weight given to various signals. Whilst we could determine a Neutral regime for consolidating markets, we have employed a 'neutral' signal generation which will be further discussed below...
snapshot
Signal generation occurs across five distinct levels:
Strong Buy (RSI < 15)
Buy (RSI < 30)
Neutral (RSI 30-70)
Sell (RSI > 70)
Strong Sell (RSI > 85)
snapshot
Each level represents different market conditions and probability scenarios. For instance, extreme readings (Strong Buy/Sell) indicate the highest probability of mean reversion, while neutral readings suggest equilibrium conditions where traders should focus on the overall regime bias (Bullish/Bearish momentum).
This approach offers traders a new and fresh spin on a popular and well-known tool in technical analysis, allowing traders to make better and more informed decisions from the well presented information across multiple assets and timeframes. Experienced and beginner traders alike, I hope you enjoy this adaptation.
BITCOIN 120K end of yearBitcoin is currently progressing through minuette wave 3, with the remaining wave 5 subwaves expected to complete soon. The projected target is $120k, aligning closely with the anticipated 25bps rate cut from the upcoming FOMC meeting.
If realized, this could fuel a strong bullish momentum, potentially driving Bitcoin higher through the holiday season and into Christmas!
$BTC Moment of Truth - Massive Move Ahead!This whole move up to $100k appears to be topped out and coming to the final squeeze.
Going to be a drastic move in either direction very soon.
CRYPTOCAP:BTC is either going to $115k or ~$85-90k.
My Spidey-senses lean towards the latter; Bull Trap.
Volume has been falling off a cliff during this rally, showing a strong case for a Bearish Divergence.
If that happens, expect a drastic sling-shot rebound, so get your bids in now.
I do expect a Santa Rally EOM.
Reasonable purchase...hello friends
By examining the LDO currency, we came from the DEFI field.
This coin is generally in a range and by making its bottom it was able to experience an upward growth.
If you bought this currency in Polback to Gap, and you are now in profit, if you want to buy this currency, this is a logical step to enter.
If the market corrects, you can buy again.
But in case of successful failure of your limit, you can make another purchase in pullback.
Note that this currency has not yet started its growth...
Regular and principled...hello friends
We came up with FANTOM currency analysis.
This potential coin, which is active in the DEFI field, has been able to grow well by forming an upward channel.
Now we have specified the purchase limits for you in case of modification.
Now it is logical to buy one step, but in case of correction, we can wait until the specified areas and then make our purchase.
But in case of successful failure of the channel, we can still buy and move with the specified goals.
Note that this coin has a high growth potential....
A bright future!!!hello friends
We have come with the analysis of another coin
DYDX which is in DEFI area.
This coin has been suffering for a long time and now by making a bottom, it was able to experience an upward movement.
It is expected that it will move at least up to the limit of range and this time it is likely to succeed in breaking the ceiling.
Now, if you have this coin, you can keep it up to the range limit, and after the successful failure of the range, you can proceed to the specified targets with it.
Now, if you want to buy this coin, our suggestion to you is that one entry step is appropriate now and we will wait if the market corrects at the specified points, we will buy other steps.
If you grow from this area, you can buy a step with the successful failure of your TR and wait for good targets...
Analysis and review of UNISAWPHello dear friends
We are at your service by analyzing and reviewing a coin from the DEFI field.
Coin of the decentralized exchange UNISAWP, which is a very, very potential coin.
This coin has expected movements, as you can see, it was suffering for a long time, now that the decentralized exchanges are speaking first, it was able to get out of the suffering and make an upward movement, but this is just the beginning of the story...
After his rise, he made a good pullback and due to the rounding of the trend, he gives us this signal that a big rise is happening.
If you have this currency, we suggest that you keep it.
But if you are looking for a buying opportunity, you can make a buying step here and wait to buy in the specified areas if the market corrects.
Note that this coin has a good future...
BITCOIN → Trend reversal? The end of growth? Or ...BINANCE:BTCUSD still maintains a bullish market structure as evidenced by the local upward channel within the broader consolidation channel. After a strong rally, the price is moving into consolidation.
several possible scenarios regarding current levels and the current situation
Consolidation is the accumulation of a position. Accordingly, there can be different situations inside such a figure: traps, traps, false breakdowns, unpredictable impulses and so on. And it all has one goal - accumulation. Technically, the bullish market structure is not broken. Globally - flat. Locally - an ascending channel.
The risk of breaking the bullish structure will be if the price starts to approach 91K - 85K. Then the question about deeper correction or even reversal will become more serious, but not now.
The bulls are actively defending the boundaries of the local ascending channel and it may lead the price to retest 99-102K, but at the moment there are no preconditions for strong growth. The market will need a few days to recover its strength. Just during this period of time, the asset may show further intentions.
Resistance levels: 99K, 101.3K, 104K
Support levels: 95.9K, 91.6K
If the bears hold the defense below 99K and the price starts to fall down, then pay attention to 95.9K. Further fall or consolidation inside the channel will depend on this level.
If the bulls will be able to keep the defense inside the channel (above the support), then in the medium term we can count on the continuation of growth
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;)
Regards R. Linda!
Bitcoin is still a bullish rocket!This analysis is an update of the analysis you see in the "Related publications" section
It has reached the green zone and appears to be accumulating orders.
By holding the green zone, it could reach the targets of 120k - 169k - 250k in the mid-term.
A weekly candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
NEO/USDT: Strategic Entry into a Mature Blockchain PlatformI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
NEO ( BINANCE:NEOUSDT NEO) is a cryptocurrency designed as a smart contract platform and decentralized application ecosystem. It is currently trading at $13.25, with intraday fluctuations reflecting the broader market's volatility.
Trade Setup:
- Entry Price: $13.1793
- Stop-Loss: $5.7390
- Take-Profit Targets:
- TP1: $25.2672
- TP2: $43.2216
Fundamental Analysis:
NEO, often referred to as the "Ethereum of China," is a blockchain platform focusing on digitized assets, smart contracts, and decentralized identities. Recent updates to its N3 blockchain protocol, which introduced more efficient transaction handling and interoperability features, have bolstered its appeal. Additionally, NEO's integration with DeFi platforms and partnerships with Chinese enterprises enhances its real-world utility and adoption.
Technical Analysis:
- Moving Averages:
- 50-Day SMA: $12.80
- 200-Day SMA: $11.50
- Relative Strength Index (RSI): Currently at 62, indicating a slightly bullish momentum.
- Support and Resistance Levels:
- Support: $12.50
- Resistance: $15.00
Market Sentiment:
With the ongoing global adoption of blockchain technology, NEO benefits from its established reputation and early mover advantage. Market sentiment has improved following announcements of increased development activity and integrations into various blockchain applications.
Risk Management:
The stop-loss at $5.7390 ensures controlled risk in case of unfavorable price movements, while the take-profit targets of $25.2672 and $43.2216 offer robust risk-reward opportunities. This setup requires disciplined adherence to trade levels given the market's volatility.
When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.