Important support and resistance zone: 93576.0-94742.35
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(BTCUSDT 1D chart)
The key is whether it can receive support near the important support and resistance zone of 93576.0-94742.35 and rise above 97461.86.
A short-term uptrend is expected to be possible only if it rises above 97461.86.
The support and resistance zones are marked with circles.
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(30m chart)
The point to watch is which direction it deviates from the 92792.05-97461.86 section and maintains.
If it meets the HA-Low indicator and rises, it is highly likely that it will re-determine the trend when it meets the HA-High indicator.
This is the same as the BW(0) and BW(100) indicators.
If the 5EMA of the 1D chart > M-Signal of the 1D chart changes, it is highly likely that it will show a short-term uptrend.
In order to continue the short-term uptrend, it must show support near 97461.86.
If not, the 97461.86 area will act as resistance.
Since the StochRSI indicator has touched the 100 point, we need to see if it can rise above 94742.35 and receive support.
Since the 5EMA and BW(100) indicators of the 1D chart are passing near 94742.35, it confirms that the area around 94742.35 is an important support and resistance area.
The 94742.35 point is the HA-High indicator point of the 1W chart.
If it goes down, it is important to see if it can be supported by the HA-Low indicator, BW(0) indicator, and 93576.0.
The 93576.0 point is the BW(100) indicator point of the 1M chart.
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Thank you for reading to the end.
I hope you have a successful trade.
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- Big picture
I used TradingView's INDEX chart to check the entire range 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.
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(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.
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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.
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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
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BTC
Strong attractor to $BTC price around 88kWe can see a beautiful confluence of technicals around 88k
1- Blue dotted line; multiyear (since 2021) strong resistence trend
2- Orange dashed line; recently reseted volume-weighted average price
3- Green tick line; exponential moving average from last 200 12h periods
4- Purple arrow down; target from shoulder-derivated triangle
5- Green fine line; important multiyear Fibonacci-circle level
If this important resistence made of lots of confluences doesn´t hold, we will see the CME gap closed after price plunges to the marked orange square
ADAUSD - From this simple chart, whole crypto market bullish?While its not necessary obvious to guess next move on BTC, some alts like ADA can help a lot
ADA made a rebound on the weekly 200MA on the 20th of December, that mark was also a support from the previous high made in feb 2024 and another support on feb 2022
as we are talking with big timeframes, chances for the asset to go under 20th December lows are very unlikely (but still possible), making the WHOLE crypto market still very bullish
what now ?
We can easily revisit ATH at 3, the faster we reach it, the higher we can go next
3 possibilities : February, April or September
not financial advice
Cheers
ETHUSD - I still believe (on the H&S pattern)While I'm not an hyper fan of H&S pattern but this one forming is already so beautiful that I want it to happens to illustrate my futures arguments,
saw a lot of ppl talk about h&s pattern the past days on BTC, the leg would have started on November and bring us to 80k, something like this. Not a pro but I learnt that the pattern has to be kinda well drawn to be called an H&S, forming proper top and lows with proper neckline, and be well timed.
that is/was absolutely not the case for BTC and that why I remain bullish for now (yes, I risk it a bit saying that here and now)
even in the case where BTC goes under 90k, we can't call this an H&S, by respect of all the real H&S out there. That's also why most of the times it looks like ppl fail using this pattern, they use it on everything
BUT in this case for ETH this looking really juicy atm, I don"t have specific target for now I dont think eth will pass above 12K for this year but lets see
Cheers, have a good day
BTC critical level definedCRYPTOCAP:BTC is holding the 92k level of horizontal support. If we can close a daily candle above it, the market has a chance to maintain its bullish trend. In the meantime, prepare for a dip as daily momentum continues to push down to oversold conditions. The 4h may give us conditions to also DCA. Make sure to reserve capital for a daily reset.
Why is BTC down today?Stocks and crypto both down the last couple of days. BTC often levers the remainder of the cryptosphere up and down based on it's own direction. Very much like a teacher and a group of students. Most will do what they're told, but there will also sometimes be a couple of rogues that don't follow the pack. With regards to BTC, we could be looking at a head and shoulders top. We've seen a piercing of the neckline today, only to rebound back above it. I'd say that if we see a decisive open and close below the neckline on a 4HR timeframe (minimum) H&S will be confirmed and we'll be down to the long purple box where there lies good resistance. Fear not! This is normal, natural and if you're an investor don't go chopping and changing. Just enjoy your weel and look out for the next few posts where we could leverage a great buy back with some extra cash. So, if you're going to do anything - raise some capital to add in! Follow and share for more.
BTCUSD Falling Wedge made a bottom. Short term buy signal.Bitcoin / BTCUSD is trading inside a Falling Wedge, which just made a new Low today.
Every prior hit on its bottom trendline / support has been a buy signal.
The December 20th and 23rd bottoms rebounded to Resistance A. The December 30th rose a bit more to the 0.618 Fibonacci level.
As a result we can buy and target at least $95750 (Resistance A).
See also how the 4hour RSI made a similar Double Bottom to December's.
Follow us, like the idea and leave a comment below!!
Bitcoin Euphoria: Correction Ahead?BamBooChain 🎋⛓️
Good morning, friends! Let's discuss the current market situation. After reaching a new all-time high of around $108,000, Bitcoin is showing signs of a potential correction.
Technically, we're in an interesting situation: the market has reached the extreme euphoria zone I mentioned earlier. RSI and MACD indicators are showing signs of divergence, which often precedes corrective movements.
Key points:
Trading volumes are decreasing while price is rising, creating potential divergence
Funding remains relatively neutral, indicating balanced positions
Long-term holders aren't taking significant profits yet
Possible scenarios:
Consolidation in the $100,000-108,000 range
Correction to $88,000-92,000 levels (this would be a healthy 20% correction)
Regarding altcoins - they're showing relative weakness, and Bitcoin dominance is increasing. This is a typical pattern before a possible correction.
Recommendation: maintain protective stop orders and be prepared for a possible correction. However, the global trend remains bullish, and such a correction could become a good entry point for new positions.
Stay tuned for updates! 🎋⛓️
AITECH FOR BUYhello friends
As you can see, the price has entered the correction phase after its rise and succeeded in bottoming out.
Now, according to the price, which is the floor of our support, if the support is maintained, it will be entered into a purchase transaction with capital management.
*Trade safely with us*
Trade Setup: NEAR Long OpportunityMarket Context:
NEAR is retracing alongside the broader market, presenting a favorable opportunity for a long spot trade at a key support level. With AI being a strong narrative, NEAR is positioned for potential growth in this sector.
Trade Details:
Entry Zone: Around $4.2
Take Profit Targets:
$5.00
$5.50
Stop Loss: Below $4.00
This trade takes advantage of NEAR's retracement to enter at a critical support level with favorable upside potential. 📈
Solana (SOL/USD) – Bullish Technical Setup AnalysisPrice Action Recap:
Strong bounce off the $180 support level confirms its critical role as a floor for Solana.
The uptrend remains intact, with Solana forming higher lows and highs within an ascending channel.
Recent pullbacks showed strong buying interest at the lower trendline, suggesting dominance by the bulls.
Key Levels to Watch:
Support Zone:
$180: A crucial level that has held multiple times, acting as a floor for the price. A strong bounce here indicates continued bullish momentum.
Break below $180: If this support fails, the bullish outlook would be in jeopardy, and the price could shift to retest lower levels.
Resistance Zones:
$220-$230: First target zone, aligning with previous highs, where the price could face some resistance.
$250: Potential extension zone, derived from the measured move of the ascending channel, if the uptrend continues unabated.
Market Implications:
Bullish Continuation: If Solana continues to hold above $180 and momentum persists, there’s potential for a continued rally toward the $220-$250 range.
Bearish Scenario: A break below $180 would require a reassessment of the bullish outlook and could prompt a deeper correction, testing lower support levels.
Outlook:
Bullish Scenario: Solana could move toward the $220-$230 range, and with sustained momentum, may reach $250.
Bearish Scenario: A loss of $180 would shift the outlook to a more neutral or bearish stance, and potential downside targets could be below this support zone.
Conclusion:
Solana's uptrend remains strong, supported by $180. The $220-$230 zone is the next key resistance area. A break above this would confirm the continuation of bullish momentum, while a break below $180 would require caution and re-evaluation of the market dynamics.
Bitcoin update 11 Jan 2025I don't often post bitcoin updates, not because I don't have anything to say, but because I understand what phase of the market we are in.
This phase as I said earlier in the posts is called distribution which will last until September 2025. After that I am expecting a correction of 50%+ from the put peak.
I have already made an assumption what reversal formation we will make.
Locally, it's January 11, 2025.
It is the beginning of the year, the market has already played Trump's presidency and as a classic “buy on rumors, sell on facts” the inauguration will be very soon, and I think the market will react down in a week. But after the positive news will continue, but we are unlikely to see in this cycle 200k for 1 bitcoin, but for me it will be a surprise. There will be a lot of talk about bitcoin. At the end of the year there should be euphoria with the new head of SEC pouring honey in the ears of crypto holders.
I'm not listening to anyone, I'm moving forward with my plan.
If you're reading me, there hasn't been a post in this series in a long time that I've changed my point of view.
I've actually started trading less cryptocurrency, it's now position trades on cycles. And it got a little boring.
So I've tapped into the traditional markets. And I'm more actively focused on them. If you're interested in any question, ask in the comments.
Best regards EXCAVO
$BTC Bitcoin at critical point... Head and shoulder Pattern!CRYPTOCAP:BTC Bitcoin is at a critical point
Current price: 91000
Bitcoin has retraced over 16% from an all time high of 108k, Price action is currently forming a head and shoulder pattern which is usually a bearish pattern!
#btc needs to remain supported around 90.5k to continue its uptrend to all time highs at 119k
If MARKETSCOM:BITCOIN price action loses support at 90.5k then expect prices to retest supports at 85k and then 80k.
Definitely a critical point to watch! What do you think?
TRUMP PUMP? MORE LIKE TRUMP DUMP!!! WHERE DOES BITCOIN STOP?Bitcoin is losing support and on these higher timeframes it looks rough as a dogs bum.
Will the pain stop?Yes, but it will be shortlived, it will give bulls enough hope to fomo back into longs before crushing their souls and their pensions.
Good luck.
Is ZEN Preparing for a Bounce? Key Levels to WatchZEN recently broke down from a 10-day descending triangle, signaling bearish continuation with strong selling volume. This triangle forms the B wave of an ABC corrective pattern, indicating further downside is likely before any potential reversal. Let’s dive into the technical details and key levels to watch.
Key Observations and Levels:
1.) Descending Triangle Breakdown:
The measured move target of the descending triangle lies at $18.7, aligning perfectly with multiple confluences:
The 0.702 Fibonacci retracement from the recent lows.
The previous trading range highs, adding historical support to this level.
2.) Fair Value Gap (FVG):
Back in December, ZEN broke out of its previous trading range, leaving an unfilled FVG around $19.5, our previous high on December 7th, 2024.
This gap represents a significant area where price may return before resuming its trend.
3.) Support Zone – $20 to $18.7:
The $20 psychological level is a key point and aligns with our support trendline from previous lows.
The Fibonacci negative 1 extension of the descending triangle also targets $18.7, further reinforcing this level as a significant support.
4.) Trade Setup:
The $20–$18.7 zone presents a strong support area with multiple confluences, making it a favourable entry point for a long position.
However, confirmation is essential! Watch for bullish candle patterns and volume signals before entering.
Conclusion:
ZEN’s breakdown from the descending triangle suggests further downside, but the $20–$18.7 zone offers a robust support area with several technical alignments: Fibonacci retracements, the descending triangle target, historical range highs and an unfilled FVG.
This zone presents an attractive long opportunity, provided confirmation signals are present. Monitor the price action closely in this range to capitalise on a potential bounce.
Happy trading everyone!