25/11/24 Weekly outlookLast weeks high: $99,591.61
Last weeks low: $89,381.02
Midpoint: $94,486.31
Crypto continues to climb! Bitcoin less than 0.5% off the famous $100,000 milestone, we could see it broken this week if momentum is to continue going into month end. Last week we saw a steady climb from Monday to Friday with a similarly steady sell-off over the weekend, mostly due to lack of institutional buying that we've been used to since the Trump election win. This drop in buyers over the weekend naturally brings price down as the buyside demand drops, however it is expected to return during the weekdays.
Altcoins benefited from this reduction in BTC buyers with a shift from institutional whales to more retail players over the weekend. I expect to see the momentum return to BTC during the week. We saw BTC ETF options trading launch last week with 83% of hundreds of millions of dollars in volume betting on the price being higher, one contract of which (C100) expires on 20th Dec says BTC price will double in 1 month!
This week the question is will we see $100k, and what will happen if we do? Naturally there is a psychological importance to a big even number like this, and for retail investors that could be considered as a big thing, a possibly bearish level as retail takes profit, the story hits the mainstream news and creates a sell the news event? In previous cycles I would have said that was very possible, however, now the market is driven by institutional investors, ETF's and whales. These people are not interested in these 'big even numbers', they're interested in the bigger picture and for that reason I could see BTC blasting through $100,000, catching retail sidelined and having them panicking to re-enter, that's when a possible pullback could happen as that would be max pain for retail. I do think a pullback is coming eventually but for now the structure is very positive, shallow pullbacks are being bought up quickly with HH's & HL's consistently.
For this week I am looking at ETH against BTC as it looks to claw back some gains having been left behind this cycle so far. Altcoins are looking good too, the longer BTC pauses the more money will flow into alts, however any significant pullback in BTC will nuke alts as it has all year.
Bullrun
TradeCityPro | TON : From Correction to Potential New Highs👋 Welcome to TradeCityPro!
In this analysis, I will review TON. This coin is associated with Telegram and has seen significant growth after the viral spread of DAPPs on this network, reaching a high of $8.288 and registering a new ATH.
📅 Weekly Timeframe: Volume Entering During Correction
In the weekly timeframe, after hitting the $8.024 resistance, the market entered a correction phase. It has now retraced to the 0.382 Fibonacci level. After reaching the $4.743 support, new buying volume entered the market, pushing RSI above the 50 zone.
📊 If the buying volume continues to increase, bullish momentum will return to the market. With a breakout above $8.024, the price could experience substantial growth. The Fibonacci targets after this breakout are $13.966 and $18.719. However, these levels are not guaranteed targets or the final points of the rally. They are used to confirm trend changes.
📅 Daily Timeframe: Trendline Breakout and First Bullish Wave
In the daily timeframe, we can see the details of the coin’s correction phase. As shown, a descending trendline formed during the correction. After breaking this trendline and surpassing the $5.499 trigger, the price surged and is now heading toward the $6.922 resistance.
🚀 If you entered after the trendline breakout, I recommend not rushing to sell unless the market shows a trend reversal. However, if you are holding a futures position, you’ve likely already made a good profit. It would be wise to secure some of your gains at this point.
🔽 For now, the next resistance in case of an uptrend is $6.922. If the RSI closes above the 70 zone and more buying volume enters the market, we could see another significant rally, similar to yesterday’s movement.
🛒 For spot entries, the $5.499 trigger has already been broken. Future entry levels include breakouts above $6.922 and $8.165.
📅 4-Hour Timeframe: Futures Triggers
Let’s move to the 4-hour timeframe and identify futures triggers. In this timeframe, there is resistance at the $6.422 zone, which recently caused a major rejection. This indicates that the level is very significant and strong.
🔼 If the price tests this zone again, we can consider opening a long position if it breaks. The targets for this move would be $7.008 and $8.165.
📉 If the correction continues, the first support is at $5.619. Additionally, the RSI reaching the 50 level is also a critical point to watch.
👑 TON/BTC Analysis
In the 4-hour timeframe, the TON/BTC pair currently has a bearish nature. It has recently crossed above the SMA99 and is now in a pullback phase. The $0.00006512 trigger would be a solid level if it coincides with the $6.422 zone. If this resistance is broken, the primary target will be $0.00007110.
✨ If the decline continues, the only supports are at $0.00005733 and $0.00005488.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
BTC - Thank Me Later!Hello TradingView Family / Fellow Traders. This is Richard.
🗒 Do you remember this post from 2023?
As mentioned back then, BTC was forming Pattern 4, which was activated after breaking above the falling green channel, leading to a surge of over 200%.
So, according to the educational post, where are we now⁉️
🔑A falling correction after a bullish impulse signals what?
That’s right — we are now in the process of forming Pattern 1.
For this pattern to be activated and the bullish continuation phase to begin, we need a weekly candle close above $70,000.
Of course, in the meantime, as long as BTC is trading within the falling channel, it can still retest the lower bound before activating the phase.
❗️N.B. Always remember, nothing moves in a straight line, so we might see a correction (in the form of a higher low) along the way.
📉 Which scenario do you think is more likely to happen, and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
🗒 All strategies are good, if managed properly!
~Rich
TradeCityPro | INJUSDT Altcoins Gaining Momentum Amid BTC.D Drop👋 Welcome to the TradeCityPro channel!
Let's dive into the INJ/USDT chart and explore key trading triggers as altcoins show strong moves due to declining Bitcoin dominance (BTC.D).
🌐 Market Context
Bitcoin is consolidating below the $99K resistance, with whales showing calmness. This has led to capital rotation into altcoins, as reflected by the drop in BTC.D.
BTC.D is approaching a crucial support at 58.66%. A continued decline, along with Bitcoin's sideways or slight upward movement, could trigger massive altcoin pumps.
📊 INJUSDT Weekly Timeframe
Trend: INJ is attempting to close above its weekly resistance with significant volume, signaling a potential bullish breakout.
Buy Trigger: A close above this weekly resistance with a stop-loss at $16.20 provides a solid entry for spot positions.
Correction Opportunity: The coin has already corrected to $16.20, and a break above the trendline could lead to further gains.
📈 INJBTC Pair Perspective
INJ is relatively stronger than most altcoins against Bitcoin, trading at higher levels in its BTC pair.
Trigger: A breakout above 0.0004325 BTC could confirm an upward move, with potential targets at 0.0009526 BTC, provided the overall market remains bullish.
📝 Final Thoughts
Avoid FOMO: Don’t rush into the market; wait for clear triggers and manage risk responsibly.
Altcoin Opportunities: Early in an "alt-party," altcoins often outperform. However, INJ is already trading higher than many altcoins, making it essential to approach with a strategy.
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
TradeCityPro | FTM : Preparing for a Potential Rally👋 Welcome to TradeCity Pro!
In this analysis, I will be reviewing the FTM chart. This project is a Layer 1 blockchain, which has recently gained significant attention and buying volume due to its new airdrop initiative.
📅 Weekly Timeframe: Preparing for Another Rally
In this timeframe, after several months of base formation around $0.1793, the price has now broken through $0.5535, with the next resistance at $1.0785. If the price successfully stabilizes above this resistance, the probability of reaching the ATH at $3.292 increases significantly.
📈 If the RSI oscillator breaks through 62.1, bullish momentum will enter the market, increasing the chances of breaking the resistance and pushing toward the ATH. However, the most crucial factor right now is volume. So far, the main buying volumes haven’t entered the market. Until this happens, the likelihood of breaking the resistance remains low.
📅 Daily Timeframe: Close to Breaking Resistance
On the daily timeframe, after breaking $0.5384, the price has pulled back toward this level and the SMA 99. It has now reached $0.8401, with a significant support level at $0.613.
🔼 The first long trigger in this timeframe is $0.8401, with a target of $1.1448 if this level is broken. However, as mentioned in the weekly analysis, volume remains low, and until larger volumes enter the market, the moves in the market cannot be deemed reliable.
🔍 If the price is rejected at $0.8401, it may pull back again toward the SMA 99 or even revisit $0.5384.
🔽 Currently, there isn’t a suitable short trigger in this timeframe. Personally, I will wait for lower highs and lower lows before considering short positions.
👑 FTM/BTC Analysis
On the daily timeframe for the FTM/BTC pair, there’s a long-term range between 0.00000676 and 0.00001129, with price once moving to the high at 0.00001794 and another time to the low at 0.00000541. Currently, the price is battling resistance at 0.00000817, which is within this range.
🚀 Breaking this resistance, coinciding with $0.8401 on the USD pair, would be a solid confirmation for entering spot buys or futures positions. The next resistances are at 0.00000991 and 0.00001129.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
TradeCityPro | FET : Will the AI Crypto Trend Reignite?👋 Welcome to TradeCity Pro!
In this analysis, we’ll examine FET Coin, a prominent AI crypto project that gained substantial traction following the rise of AI models like ChatGPT.
📅 Weekly Timeframe: Consolidation and Correction After a Bullish Run
On the weekly chart, the AI crypto trend led to significant buying volume for FET, driving its price up by 5000% from early 2023 to a new high at $0.283. Currently, the price is in a correction phase.
📈 Throughout its uptrend, the price has followed a trendline. Now that the price has returned to this line, the key question is whether the trendline will hold or break. If a candle closes below this trendline, the trend reversal will likely be confirmed with the break of the $0.852 support level.
🧩 Additionally, the SMA99 has historically acted as a dynamic support, sitting below the candles over the past year. If the price revisits this SMA, it could act as a support level again. However, a break of both the SMA and the $0.852 level would confirm a bearish reversal.
📊 On the RSI, the critical level of 37.74 has prevented further declines twice already. A break of this support would signal a loss of bullish momentum.
🌱 Conversely, if the RSI surpasses 55.17, bullish momentum and significant buying volumes could return to the market. In the event of a breakout above the all-time high at $2.83, Fibonacci projections suggest long-term targets at $10.225 and $20.235. However, these targets are symbolic and contingent on the trend continuing. If the trend reverses before these targets are reached, exiting positions early would be prudent.
📅 Daily Timeframe: At the Apex of the Triangle
On the daily chart, the price is forming a symmetrical triangle, created by the confluence of a descending trendline and the ascending weekly trendline.
🔍 A breakout in either direction will determine the price movement for the coming weeks. Given the higher credibility of the ascending trendline due to its longevity, the probability of breaking the descending trendline increases.
🔼 If the descending trendline is broken to the upside, expect bullish movement, and $1.802 serves as an ideal trigger for entering spot or long-term futures positions. Resistance levels to watch are at $2.263 and $2.543.
📉 However, if the descending trendline holds and the $1.053 trigger is breached, this would confirm a bearish Medium Wave Cycle (MWC). The next support would be at $0.784.
⚖️ Given the proximity to the triangle's apex, oscillators and indicators may provide unreliable data, so they were not considered in this timeframe analysis.
👑 FET/BTC Pair: Symmetrical Triangle Breakdown
On the FET/BTC chart, a symmetrical triangle has already broken to the downside, with the breakout trigger at 0.00001386 now activated.
🎯 Currently, the trend appears bearish, with the next support levels at 0.00001221 and 0.00001001. If the RSI drops below 30, expect even stronger bearish momentum.
🔑 Conversely, if the resistance at 0.00001886 is broken, bullish momentum and volume may enter the market. In this case, potential upside targets are at 0.00002655 and 0.00006840.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice .
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
TradeCityPro | XAIUSDT - Buying Opportunity for a New Coin👋 Welcome to the TradeCityPro channel! Let's dive into XAI and analyze its technical structure, entry points, and potential scenarios.
🌍 Bitcoin’s Impact on Altcoins
Bitcoin has set another new high since yesterday, attracting global attention.
Its dominance in the global financial system now surpasses major banks like JPMorgan Chase, Bank of America, and ICBC China.
However, Bitcoin's dominance has started to decline on lower timeframes, creating opportunities for altcoins to rise, as mentioned in our previous analysis.
🕒 Weekly Timeframe Analysis
XAI has retraced nearly 90% from its ATH, typical for newly listed coins. These large corrections often result in the formation of accumulation boxes, where the price consolidates for an extended period.
With the current weekly candle nearing a breakout from the accumulation zone, there’s potential for an uptrend to begin. If this breakout fails, a stop-loss near 0.1680 can minimize losses.
Buy if the weekly candle closes above the current range , Set a stop-loss at 0.1680 for better risk management , Utilize XAI in DeFi platforms after a breakout for additional yield opportunities.
📆 Daily Timeframe Analysis
XAI remains range-bound between 0.1699 and 0.2583, showing clear signs of accumulation.
Higher lows indicate buying strength and the absence of strong sellers.
Each test of resistance (0.2583) is accompanied by increased volume, signaling interest from buyers.
After breaking 0.2583, consider a spot buy with a stop-loss at 0.2142 for a riskier but calculated entry.
⏱ 4-Hour Timeframe Analysis
sharp upward move has brought the price close to 0.2497, where immediate resistance lies.
📈 Long Position:
Buy after a confirmed breakout above 0.2497.
Watch for RSI to enter the overbought zone, as this often precedes sharp upward moves.
📉 Short Position:
Avoid shorting. Instead, wait for corrections and look for long opportunities at lower entry points near 0.2102.
🔄 XAI/Bitcoin Pair Analysis
The XAI/BTC pair shows a downtrend but with significant weakening momentum in recent times.
On lower timeframes, the pair may begin a new uptrend, which could result in faster and sharper moves in the XAI/USDT chart.
Break and confirm above 0.00000299 on the XAI/BTC chart to signal a stronger bullish move.
📝 Final Thoughts
XAI is showing promising signs of an impending breakout on multiple timeframes. Monitor key levels closely and manage risk with appropriate stop-loss settings.
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Buy Signal BTC 1HMEXC:BTCUSDT
Due to the recent significant growth of Bitcoin and the CPI we have today,
It is a little bit high risk trade, But still worth entering.
Explanation of Buy Signal: The IDN has been grabbed and before hit the high (ATH), got back and hit the MPL & SCOB zone, So in this cases we enter with confident because we know about its Win Rate. ;)
Remember to always exit partially, And
"KEEP CALM & OBEY YOUR PLANS."
I will update Bitcoin and Gold regularly,
Happy trading..
Cheers,
Aurio
#Crypto #Trading #Bitcoin #markets #Finance #Forex #BTC CRYPTOCAP:BTC
History Repeats? Bitcoin's Post-Election Surge in Focus!Bitcoin's Historical Bull Cycles & Election Correlations
🟢 Bitcoin's Monthly Chart Analysis: A decade of history shows a striking pattern around U.S. elections. 🚀
1️⃣ Post-Election Bull Runs:
2012: Bull market peaked ~1 year after the election (+11,246%).
2016: Peak ~1 year post-election (+2,833%).
2020: A dual rally with a final peak ~1 year post-election (+421%).
2️⃣ Current Cycle (2024):
Early-stage bull run starting post-2024 election.
Historical trends suggest potential peak in late 2025, marking a full year of upward momentum.
3️⃣ Key Takeaway:
If history repeats, 2024–2025 could witness explosive growth 📈 before cooling off. Watch for significant moves as we approach the second half of 2025.
💡 Plan Ahead: Timing is everything in crypto! Stay prepared for volatility and opportunity in this evolving market.
#Bitcoin #CryptoAnalysis #BullMarke
TradeCityPro | analyzing SUI as Bitcoin Dominance Declines👋 Welcome to the TradeCityPro Channel!
Today, I’m analyzing the popular SUI coin for you. SUI, a prominent Layer-1 blockchain in the market, has gained significant attention from investors in recent months. With an influx of capital into its network, the SUI coin’s price has experienced notable growth.
👑 Currently, Bitcoin continues its upward trend, marking a new all-time high (ATH) at $98,380. However, Bitcoin dominance has started to decline after a fake breakout of 61.32, leading to corrections. As a result, while Bitcoin consolidates, altcoins have begun to move.
⚡️ For instance, Ethereum has climbed 9%. If Bitcoin dominance continues its downward trend, we may expect a short-term altcoin season. Should the decline persist, Bitcoin dominance could retest its ascending trendline.
🔽 Key downward targets are 59.56 and 58.64. If dominance reaches these levels while Bitcoin prices rise, we could witness significant rallies in altcoins.
📅 Weekly Timeframe: Pullback to $1.786 and Movement Toward New Targets
In the weekly timeframe, you can observe that buying volume entered SUI around July, when it hit a low at $0.5694. This buying pressure has driven the price upward, helping SUI achieve a new ATH.
🚀 Currently, after breaking the previous ATH at $1.786 and pulling back to this level (which aligns with the monthly R1 pivot), the price surged to R3, setting a new high at $3.70. If this bullish momentum persists, the next pivot-based target will be $4.75.
✅ Moreover, SUI features a parabolic trendline that has reacted twice so far. While this diminishes its reliability, a third interaction would validate its importance.
🌱 The RSI oscillator, after two consecutive candles closed in the overbought zone, has started correcting and is now testing the 70 level. As long as the RSI remains above 70, further upward movement is expected.
📅 Daily Timeframe: Beginning of a Correction?
In the daily timeframe, SUI has had two bullish legs so far: the first from $1.00 to $2.1368, and the second from $2.1368 to $3.8111. At the peak of each leg, RSI reached 84, followed by corrections. The first correction was time-based, and the second is likely to follow a similar pattern.
📊 Currently, with RSI dropping below 70, a correction may have begun. However, if RSI re-enters the overbought zone, another bullish leg could occur. Using the yearly pivot and Fibonacci levels, targets for the next leg are $4.74, $6.40, and $9.17.
📈 If you purchased SUI after breaking resistances at $1.00 or $2.1368, I recommend securing your initial investment if your profit exceeds 100%, while holding onto the gains. Otherwise, wait for a trend reversal before taking further action.
🧩 As the market enters a corrective phase, buying volume is naturally declining, which actually supports the continuation of the bullish trend. If the price corrects further and RSI drops, the 50 level on the RSI will be crucial.
📅 4-Hour Timeframe: Futures Triggers
In the 4-hour timeframe, I’ll outline the key futures triggers based on my analysis.
🔍 After reaching the $3.8814 zone, as noted in the daily analysis, the price entered a correction phase, dropping to $3.4295. If you’re holding a long position from the breakout at $2.3649, I suggest taking profits if the price stabilizes below $3.4295. The next support zone lies between $2.80 and $3.00, which aligns with the Fibonacci golden zone and is likely to halt further declines.
🔴 If the correction continues, the next critical level is the trendline visible in the daily timeframe.
📈 Should buying volume return and RSI holds above 40.91, the breakout of $3.8814 becomes a reliable trigger for futures trading, with the first target at $4.7422.
💎 SUI/BTC Pair Analysis
The SUI/BTC chart mirrors the USDT pair, showing an upward trend but struggling with significant resistance. Today’s green daily candle highlights Bitcoin dominance’s impact on altcoins.
Currently, the pair is testing resistance at 0.00003820, with another resistance zone at 0.00004202 nearby. If both levels are broken, the price could climb to 0.00005130.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
BERT/USDT 1H Memecoin play with some strong numbers and community:
- FWB:69M MarketCap
- $42.5m 24h volume (61% Vol/Mcap)
- 100% of max supply (980M) in circulation. (Self-reported)
- Solana chain
Currently not yet listed on Binance or Coinbase but there are rumours that it may be listed soon which would bring a lot more potential buyers to the coin.
For memcoins technical analysis is less important but can still tell a story. The current range shows a clear resistance at 0.75 and a support at 0.25.
The diagonal resistance breakout coupled with the bullish divergence already printed indicating a bullish reversal the TA looks good currently.
Memes are risky and unpredictable so DYOR
US ELECTION DAY The day is finally here. The world is watching but most importantly the crypto market is watching too. Trump still leads the Polymarket forecast and IMO opinion that would lead into the next phase of the Bullrun, breaking out of the 8 month downtrend and complete the bullflag continuation pattern.
If the Democrats win I could see a delay in proceedings, a flush toward the range midpoint after panic before regaining some form of stability going into Q1 2025. In the past no matter who has run America BTC does still see progress, I do think that progress will come quicker with a Republican victory.
I'm expecting volatility as always in such a big news release, a release that will overshadow what is normally the most important data release with the FOMC that takes place 2 days away. I would think that this time around it will be less important and a 25bps cut is near enough confirmed anyway.
Good luck out there fellow traders!
ALT Season incoming $BCH $EOS $LTC $BCH $XRPIn the last month i saw a lot of volume in the very old Altcoins that everybody forgot incoming, like EOS, IOTA, DGB, LTC and a good Alt Season indicator is the BCH Pump. So here we go in the weekly view we wait for a breakout with volumen and with no retest ideal, but in sum good altcoin times are coming soon.
GL & HF
TradeCityPro | Solana Ready to Rise or Follow BTC.D ?👋 Welcome to the TradeCityPro channel!
Today, we’re diving into an analysis of the popular coin, Solana, reviewing past entry points, and scouting for new opportunities in the potential crypto bull run.
🟠 Bitcoin has hit a new high and maintained its dominance at 61.70%, effectively leading the market, Even if you missed opening long positions on BTC, there's good news—its dominance is on the rise, and the altcoin season might kick off soon!
🚀 Weekly Timeframe: Solana’s Stellar Performance
Solana has been one of the market’s strongest performers, moving in sync with Bitcoin and outperforming many altcoins. Its market cap has even reached a new all-time high (ATH)!
My personal entry point was at $27.67, followed by entries after breaking $47.88 and $124.59 on lower timeframes.
If you’re in profit like me, consider: 1 - Withdrawing initial capital. 2 - Moving your holdings to DeFi platforms for added utility.
New entries at this stage carry higher risk, as fewer confirmations are available. Wait for a break above $250.36 or even explore lower timeframes for better setups.
We drew Fibonacci levels from $208.61, showing a correction around $124. Using Fibo extensions, potential targets are: $284 - $367 - $474 - $682
breakout above RSI 80.85, combined with increasing volume, could trigger these moves.
🌌 Daily Timeframe: Parabolic Growth
Solana is forming a parabolic uptrend, with higher highs and higher lows.
If the daily candle closes with strong volume, it could engulf previous candles, making it a great entry near $187 with a stop loss.
After support at $162 was broken, two red candles were engulfed, confirming a fake breakout , Use this strategy on lower timeframes to enter positions aligned with the bullish trend.
🕒 4-Hour Timeframe Insights
After breaking its daily range high at $185.34, Solana continued its rally, now at $244.57.
stop-buy order was placed after breaking $221.75, supported by buyer momentum, and the position remains open , break above $246.29 will confirm our long position and momentum continuation.
Avoid opening shorts under current conditions, Even in a 20% drop, I’ll focus on confirmations in lower timeframes to re-enter long positions.
💎 Solana/BTC Pair Insights
Unlike most altcoins, which are at record lows against Bitcoin, Solana is holding steady.
breakout above 0.0027030 BTC could spark a new rally, making it a prime candidate for entries.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
DYM - A Whole Different Dimension...Dear TradingView community and fellow traders,
I am Richard, also known as theSignalyst.
I find the DYM daily chart to be intriguing as it appears to be following the famous Wyckoff Cycle.
I would like to apply Richard Wyckoff's four market stages/phases to this chart for analysis as a practical example.
1️⃣ MarkDown
After being listed, DYM was bearish making lower highs and lower lows.
2️⃣ Accumulation
DYM is currently trading within a big range between $1 and $2.4 in the shape of symmetrical triangle.
3️⃣ MarkUp
For the MarkUp phase to start, a break above the upper bound of the range at $2.4 is needed.
I hope you find this post useful, and I would appreciate your likes and support.
Which scenario do you think is more likely to happen first? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard