Bitcoin preparing for the next move!Bitcoin is currently consolidating in an ascending parallel channel after a very sharp rally.
The most likely scenario is that it will remain in this channel for a while longer, until it ends up breaking up with the approach of Trump's presidency.
If it breaks the channel downwards, there are chances of a slightly deeper correction, and we could visit US$90K.
Bullmarket2024
Getting Ready for a Strong Bull Market in ETHBTC!🚀 The pair seems to have bottomed out, and the arguments are increasingly favorable for an upward movement: 88.89% Bullish vs. 11.11% Bearish.
Bullish Arguments:
Monthly Bullish FVA
Monthly Discount Array
Weekly swing low being disrespected
Daily swing low being disrespected
Daily Bullish FVG respected
Daily swing high being disrespected
4H swing high being disrespected
4H swing low being disrespected
Bearish Argument:
Monthly PCL being respected so far.
🔍 We are on the verge of a bull market. Remember to manage your risk and be masters of your emotions! Don’t hesitate to take profits and, most importantly, learn from your mistakes and successes.
Let’s go for it! 💪
It looks like we are ready to go long! 🚀 #Bitcoin Monthly Chart Update 🚀
After breaking out from its previous all-time high, #BTC is now retesting that key level.
The current monthly candle looks solid, showing signs of strength! 📊
This could be the beginning of a major move upward, in my opinion. 💡
What are your thoughts on this setup? Drop your views below! 👇
#Crypto
Bitcoin Priced in Gold, Seeks Full Coins and BarThe whole number effect is evident here, see orange circles.
With a commodity in price discovery mode every four years, every four years traders sell bitcoin gains for whole portions of gold.
I would say if someone hodled 1 bitcoin through a three year crypto winter, then suddenly it was worth 1kg of pure gold, they might be tempted to do the same.
This informs my extrapolations, will be interesting to watch this play out.
I've included in blue another interesting pattern, where the price on the day of the halving makes the same Fibonacci increase every halving. Obviously not many data points, but something to keep watching as we clearly head toward this very same number again this year.
And to complete the Fibonacci analysis, the clear 0.618 fib level drawdowns are indicated in green, which did not align with the current cycle, may pick back up again.
TIAUSD: Strong Support at $4.9 - Potential Rally Ahead!Celestia's TIAUSD token exhibits promising utility within its ecosystem, primarily serving network security through staking, participating in governance decisions, and incentivizing data availability and validation. Moreover, TIA facilitates transaction fees and rewards, ensuring participant compensation for their contributions.
Support and Resistance Zones:
Currently, TIAUSD holds strong support at $4.9. If this level holds, we could see substantial gains. Should this support break, the next critical support lies near $3.6, a key level from which a bounce is highly probable, given the upcoming significant events and the anticipated approval of Ethereum ETFs.
Market Outlook:
The approval of Ethereum ETFs is likely to spark a rally in altcoins, including TIAUSD, a relatively new project listed in late 2023. Historically, new projects introduced shortly before a bull market often experience significant rallies. We anticipate notable volatility in Q4 2024 and Q1 2025, presenting an excellent opportunity for TIAUSD to surge.
Price Targets:
Based on our calculations, the minimum target for TIAUSD during the bull run is $146. If this resistance is flipped by January 2025, we could see a maximum target of $186. Bull markets typically exhibit unexpected price pumps, and we expect similar volatility for TIAUSD. However, monitoring support and resistance zones is crucial to maintain an active trade strategy.
Exit Strategy:
Traders should aim to exit long positions between March and August 11, 2025, as the bull run and altcoin season are expected to end during this period.
Follow us on TradingView for more in-depth analysis and timely updates on TIAUSD and other cryptocurrencies. Share this idea with your friends and family to maximize profits. Comment below and let us know if you found this analysis helpful. Thank you!
Comprehensive Analysis of Solana (SOL) Bull Market and Future PrSolana (SOL) has captured the attention of traders and investors alike with its impressive price movements and robust technology. This comprehensive analysis dives into the current state of Solana's bull market, examining key indicators, historical trends, and potential future scenarios based on the weekly chart data.
Historical Context and Past Bull Markets
Solana has experienced several notable bull markets in the past, with the most significant occurring from late 2020 to mid-2021, lasting approximately 7-8 months. These periods were characterized by rapid price appreciation and heightened market activity, driven by strong market sentiment and broader cryptocurrency market cycles.
Current Market Analysis
Key Support and Resistance Levels
Support Zones:
$130.13: Immediate support level.
$99.47: Important mid-level support.
$61.54: Critical long-term support.
Resistance Zones:
$160.79: Significant resistance level.
$204.45: Higher resistance level indicating potential upside targets.
Technical Indicators
Moving Averages (MA):
The fast MA (9-week) is above the slow MA (21-week), indicating a sustained bullish trend.
Relative Strength Index (RSI):
Currently in a neutral zone, not indicating overbought or oversold conditions, suggesting room for further price movements.
MACD (Moving Average Convergence Divergence):
Positive but showing signs of weakening momentum. A bullish crossover in the normalized MACD line above the signal line would reinforce the bullish scenario.
Enhanced Indicators:
Large Traders Index (LTI): Increased activity by large traders often precedes significant market moves.
Retail Traders Index (RTI): Measures the activity of retail traders.
Normalized Combined Volatility: Indicates potential for significant price movements.
Market Sentiment and Volatility
The enhanced normalized volatility suggests a period of high market activity, typical in bull markets. Increased activity by large traders (blue line) and retail traders (red line) provides insights into market sentiment, with large trader activity often indicating upcoming major moves.
Future Projections
Short-Term (Next 3-6 Months)
Bullish Scenario:
If Solana maintains support above $130.13 and bullish indicators remain strong, we could see a continuation of the uptrend, potentially testing the $160.79 resistance level.
Bearish Scenario:
A break below $130.13 could lead to a test of the $99.47 support level. A sustained move below this level might signal further downside.
Medium-Term (6-12 Months)
The bull market could potentially extend, with the possibility of reaching new all-time highs driven by strong market sentiment, technological advancements, and broader market recovery.
Long-Term
Bull markets in cryptocurrencies can last beyond a year, influenced by major events, adoption, and technological progress. Continuous monitoring of key support and resistance levels, along with broader market trends, will be crucial.
Conclusion
The current bull market for Solana shows strong potential for continuation, with key support levels at $130.13 and $99.47 providing crucial benchmarks. Breaking the $160.79 resistance level could signal further upside. Monitoring technical indicators like the moving averages, RSI, MACD, and enhanced volatility measures will provide valuable insights into the market's direction.
Based on historical trends and current analysis, the bull market could last another 3-12 months.
P.S. My scripts are free to download.
🚀Solana to $400 🚀🤑and higher! 1:6.3 RRRWith the Bitcoin halving now complete, I'm now back to looking for buying opportunities. We all know that Solana is a super-solid project despite the hiccups the chain has had over the past few weeks.
The BINANCE:SOLUSDT price chart on the weekly timeframe shows that Solana broke above the key flip Zone a little over a month ago. Over the last two weeks, we've retested that flip zone and the wicks indicate that zone is holding, keeping the price above $116.
While I'm waiting for a solid close of the 2-Day candle and of the weekly candle, I'm now more certain that Solana is ready to head higher. My first major price target where I expect we'll see a sell-off is $400.
SPX500's 3%-10% Market Correction: To Around 6000 By End of 2025Technicals:
Bracing for a 4% to 10% market correction but with an end the year close to 6000 on the SPX500.
I speculate that this correction will last up to three months. Then, a rise up to about 6000 by the end of the year of 2025.
The buy zones are 2.5% to 4% deep from the all-time highs, and 9% to 10% deep from the all-time highs. The S&P500 is currently down 2.5% from its all-time high in confluence with a 38% fib. This may be the first biggest negative week since the beginning of 2024.
4% deep will be in alignment the first major daily horizontal support level at 5080 on SPX500. This is in confluence with a 61.8% fib, as well.
9% to 10% deep will be in alignment with the all-time high horizontal support of 2022, which is also in confluence with a 38% fib from the low of 2023 to April 1, 2024's high three days ago.
Daily chart:
Weekly chart:
$BTC Price Prediction: $136,000 (8 Green Weekly Candles Signal) (REPOST with better chart)
We know a bull run is coming, with ETF approval and institutional money adding to volume early next year. But how high could BTC go? Here's an educated guess:
We just closed 8 weekly green candles on Bitcoin.
You can't see the last time this happened in many TradingView exchange charts, because it was back in 2017, and most of today's exchanges weren't even around back then.
I had to look on INDEX:BTCUSD - if it's not working in this link, you have to type INDEX:BTCUSD into Supercharts, as they describe in the most complete Bitcoin trading history , to get to 17 April 2017, and count the eight green weekly candles to 5 June 2017.
This was a move of 156%.
After some consolidation, Bitcoin then went up in a bull run by 537%, to nearly $20k on 11 December 2017.
This is a ratio of 3.4x.
That's the ration for 156% for eight green weekly candles, followed by a 537% bullish move.
Our recent eight weekly candles from
27K
to $44k is an increase of 61.53%.
If we have a proportional bull move after some consolidation, 3.4x this 61% is 209%.
That brings us to $136k for the top of the incoming bull run.
This is all speculation, NFA, I'm just a dude on the internet, and I'm probably wrong. But these numbers look intriguing, and give me a plausible exit point for the trades I'm making today.
This ALT Coin Is Moving Into Bull MarketMartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
This chart helps show you why OGN is about to moon.
The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money .
Do NOT miss out on this coming bull market
MartyBoots