Potential Movement to LEG B upon Channel BreakoutWhen analyzing the BTC/USDT chart, we observe a critical price action pattern. The chart highlights a price channel currently being tested. If the price successfully breaks above this channel, there is a high likelihood of the price moving towards LEG B, marked on the chart.
Channel Breakout: The resistance of the price channel is a significant level to monitor. A breakout above this level would indicate bullish momentum.
Target LEG B: Post breakout, the next potential resistance zone or target lies at the price level indicated by LEG B.
Risk Management: As always, traders should exercise caution, set proper stop-loss levels below the breakout zone, and consider the overall market sentiment.
Support Levels: The orange lines on the chart represent key support zones at approximately 99,710.97 and 98,997.03.
Entry Point: A confirmed breakout above the channel would serve as an ideal entry signal for a long position.
Indicators: Complement this analysis with volume indicators to confirm the strength of the breakout.
This setup provides an excellent opportunity to capitalize on the breakout. However, remain vigilant as false breakouts are always a possibility.
Chartanalysis
[INTRADAY] #BANKNIFTY PE & CE Levels(16/01/2025)Today will be gap up opening in banknifty. Expected opening near 49000 level. After opening possible reversal from this level to continue bearish trend. If reversal confirmation at this level can gives 400-500 points downside rally in banknifty. This rally can be extend for another 400-500 points if its starts trading below 48450 level. Any upside rally only expected if banknifty sustain and starts trading above 49050 level.
AMD: Wave (3) of [3]As anticipated, AMD has realized strong sell-offs, breaking below the support at $121.82. We primarily expect the magenta wave (3) to conclude further south, followed by a corrective rise in the subsequent wave (4). Below $121.82, however, the stock should resume the magenta downward impulse and, thus, start wave (5).
Analyzing Litecoin (LTC/USDT): Key Trading Insights with Stop LoIn this article, we’ll analyze the recent price action of Litecoin (LTC/USDT) on the chart. Using a powerful indicator setup, we’ll explore potential trading opportunities and how to utilize stop-loss and take-profit levels effectively. Whether you're a beginner or a seasoned trader, understanding these insights can enhance your strategy.
Support Level: Around $99.91, providing a solid base for potential bullish movement.
Resistance Level: Near $103.36, which could act as a barrier to upward momentum.
Trend: The market currently shows a slight retracement after a bullish move, indicating the need for caution.
Risk Management: Stop Loss and Take Profit
This chart integrates predefined Stop Loss (SL) and Take Profit (TP) levels to minimize risk:
Stop Loss (SL): Positioned below the recent low (e.g., $100.55), ensuring limited downside risk.
Take Profit (TP): Placed near resistance zones (e.g., $103.07) to lock in profits when the price hits the target.
These levels provide traders with a structured risk-reward ratio, optimizing their trades for better results.
"Analyzing the Dow Jones Chart: Current Market in a Trading RangCurrently, the Dow Jones is exhibiting a trading range pattern, as seen on the chart. The price is consolidating between key support and resistance levels, indicating indecision in the market. According to my trading plan, it is essential to remain patient and wait for a clear breakout or breakdown from this range to confirm the next directional move.
Key Observations:
The market is respecting the boundaries of the trading range.
No significant trend is currently forming, suggesting potential opportunities after a breakout.
Maintaining discipline and waiting for confirmation is crucial to avoid premature entries.
I'll monitor the price action closely for any signs of a breakout above resistance or a breakdown below support to align with my strategy. For now, patience is key.
Adobe: In Our Target Zone!The ADBE stock has continued its downward movement, heading directly toward the center of our beige Target Zone (coordinates: $449.61 – $331.93). With this range now reached, the minimum requirement for the ongoing correction has been met. However, our primary expectation remains that the price will engage more extensively within our Zone, as we anticipate the bottom of the beige wave x to form deeper within it. Once the low is established, we expect the subsequent wave y to resume the upward trend and surpass the resistance at $640. There, the larger blue wave (b) should be completed as well.
WARNING: BTC USDT MOVE! US SELLS THEIR BTC (silk road BTC)💰 Current Bitcoin Price: Bitcoin is trading at approximately $93,456.76, with a 7-day decline of 3.54%.
📊 Macroeconomic Factors: Strong US economic data and inflation concerns have negatively impacted Bitcoin as the Federal Reserve moderates interest rate cuts.
💵 Global Liquidity: Bitcoin’s price is pressured by contractions in the M2 money supply, though historical trends show potential for recovery with increased liquidity.
😟 Market Sentiment: The Greed & Fear Index has shifted from extreme fear to cautious optimism, reflecting mixed investor confidence.
🪙 Investor Behavior: Exchange withdrawals are reducing supply, while profit-taking activities have influenced recent price corrections.
📉 Historical Patterns: January slumps are common for Bitcoin following US presidential elections, aligning with historical trends.
🚀 Future Outlook: Institutional interest and potential increases in global liquidity could drive Bitcoin’s price recovery and stability in early 2025.
STUDY TIME!
PS—preliminary support, where substantial buying begins to provide pronounced support after a prolonged down-move. Volume increases and price spread widens, signaling that the down-move may be approaching its end.
SC—selling climax, the point at which widening spread and selling pressure usually climaxes, as heavy or panicky selling by the public is being absorbed by larger professional interests at or near a bottom. Often price will close well off the low in a SC, reflecting the buying by these large interests.
AR—automatic rally, which occurs because intense selling pressure has greatly diminished. A wave of buying easily pushes prices up; this is further fueled by short covering. The high of this rally will help define the upper boundary of an accumulation TR.
ST—secondary test, in which price revisits the area of the SC to test the supply/demand balance at these levels. If a bottom is to be confirmed, volume and price spread should be significantly diminished as the market approaches support in the area of the SC. It is common to have multiple STs after a SC.
Test—Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume.
SOS—sign of strength, a price advance on increasing spread and relatively higher volume. Often a SOS takes place after a spring, validating the analyst’s interpretation of that prior action.
LPS—last point of support, the low point of a reaction or pullback after a SOS. Backing up to an LPS means a pullback to support that was formerly resistance, on diminished spread and volume. On some charts, there may be more than one LPS, despite the ostensibly singular precision of this term.
BU—”back-up”. This term is short hand for a colorful metaphor coined by Robert Evans, one of the leading teachers of the Wyckoff method from the 1930s to the 1960s. Evans analogized the SOS to a “jump across the creek” of price resistance, and the “back up to the creek” represented both short-term profit-taking and a test for additional supply around the area of resistance. A back-up is a common structural element preceding a more substantial price mark-up, and can take on a variety of forms, including a simple pullback or a new TR at a higher level.
Note: Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. However, springs and terminal shakeouts are not required elements: Accumulation Schematic 1 depicts a spring, while Accumulation Schematic 2 shows a TR without a spring.
AUDNZD: Bearish Setup at Key ResistanceThe currency pair is testing the upper resistance zone following a recovery from previous lows. This movement reflects market hesitation around the key levels, with both buyers and sellers showing strength at different intervals. What does this imply? A decisive move is yet to emerge, but the setup suggests potential bearish momentum in the short term.
At present, the price has approached the resistance zone marked between 1.1117 and 1.1150. Historically, this zone has acted as a strong barrier, with sellers often stepping in to push prices lower. The price has yet to break and consolidate above this resistance, making it a critical trigger point for decision-making.
I expect a rejection from the resistance zone near 1.1117. A failed attempt to break above this level, followed by bearish price action, could signal a move toward the support at 1.1025. The price may then test the lower consolidation zone around 1.0800 if bearish momentum persists.
However, the pair could also be breaking through the resistance zone and consolidating above it. In such a case, the bias could shift toward bullish continuation, with targets set at higher levels.
Cronos: Dive!Cronos has dived into our beige Target Zone between $0.1322 and $0.0884 and should soon reach the projected low of the green wave . In our Zone, the coin should succeed in a bullish reversal, and the following impulsive wave should propel the price significantly above the resistance at $0.23. As CRO has fulfilled the minimum requirements for the wave correction by entering our Zone, it might even head above the $0.23 mark immediately.
$META long or short?Indecisive on this ticker. I like what Zuck is trying to do. This chart looks pretty nice. I’m seeing upside into the earnings and maybe this earnings NASDAQ:META will go up $50+ (hopeium). Let me know what you guys think. I want to see 700’s and honestly it could be insane, yet not so insane in this current market, to try and hit 800. Look at other tickers, NASDAQ:CRWD lost $200 in what a month? Then regained $200 or so in 2-3 months? NASDAQ:NVDA speaks for itself, NASDAQ:MSTR , these large MC names can do wild things.
Wallstreet
Tesla: More Room for Wave [iv]We place Tesla in a magenta upward impulse, imminently allowing wave more room on the downside. While the current extension suggests that this wave might already be complete, the necessary confirming signals are missing. Still, wave should primarily settle its low with a sufficient distance above the support at $271. A sell-off below this level, however, is 33% likely in the context of our alternative scenario. In this case, the stock would still be working on the broader correction of the blue wave alt. (II), with the gains since April 2024 considered corrective. To render this alternative scenario irrelevant, TSLA needs to stage a decisive rally above the resistance at $488.50.
Palo Alto Networks: Top Established!PANW reached a new peak at $207.24 on December 16. Although the price briefly moved above the significant $200 threshold, it failed to gain traction at higher levels. Thus, we now consider the top of the beige wave B as established and position the stock in the third and final stage of the larger wave (II) correction. From the wave B peak, the stock has already seen a pullback of approximately 20%. We anticipate that this downward movement will continue and ultimately reach our blue Target Zone between $104.74 and $55.73, where the ongoing downtrend should find its bottom. In our alternative scenario, we assign a 30% probability to an immediate breach of the resistance at $207.24. In this case, we would have to reckon with a new high of the blue wave alt.(I).
"XRP/USDT Analysis: Potential Reversal and Resistance Breakout"On the daily chart, XRP is consolidating within a defined range. Currently, the price is approaching a key support zone around $1.95 - $2.00, which has shown strong buying interest in the past.
I anticipate that if the price holds this support, XRP could initiate a reversal and head towards the resistance zone around $2.75 - $2.80. A breakout above this resistance could pave the way for further bullish momentum
GBPAUD SELL | Idea Trading AnalysisGBPAUD is moving on support zone
We expect a decline in the channel after testing the current level
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPAUD
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Oracle: Correction Started!Although ORCL is currently still trading above the $147.50 support level, we believe the green wave has reached its peak. This implies that the overall upward trend has concluded, and we anticipate a significant correction moving forward. This correction should unfold in five parts, with the beige wave I extending well below the $147.50 level. Afterward, we foresee a corrective counter-movement back above $147.50 during wave II before the price resumes its downward trajectory.
"Bitcoin Analysis: Potential Move Towards Point G"Based on the current price action on the 4-hour chart, Bitcoin is showing signs of a bearish continuation towards the G zone (around the support area highlighted in purple). This move aligns with the rejection from the F level and the overall structure of lower highs.
I anticipate a potential drop to the G zone due to the selling pressure and lack of significant bullish momentum. However, once the price reaches this key support level, we may witness a bounce or consolidation before a potential upward move.
Key Levels to Watch:
Support (G Zone):
Resistance (F Level):
This scenario will be invalidated if Bitcoin closes above the F level, indicating renewed bullish strength. Until then, my bias remains bearish towards G, followed by a possible recovery.
eBay: Bearish Resolution AnticipatedThe EBAY stock has entered a consolidation phase below the resistance level at $67.79. This resistance currently serves as a trigger for our 33% likely alternative scenario, which would entail a new high of the beige wave alt. b. Primarily, however, we expect this level to remain unbroken as the price continues its current downward movement of the green wave , which should find its low below the support levels at $46.03 and $40.16.
$BTCUSDT 1ST TARGET HIT CHART SAY LOOK CHAT FOR MORE BINANCE:BTCUSDT 1ST TARGET HIT CHART SAY LOOK CHAT FOR MORE
MicroStrategy Extends Bitcoin Buying for 9th Continuous Week & Bitcoin Holdings with $101M Investment
On the evening of January 6th, 2025, publicly traded company MicroStrategy announced that it had purchased an additional 1,070 Bitcoins for $101 million in cash over the past week, at an average price of $94,004 per coin.
This latest MicroStrategy extends Bitcoin purchase, funded by selling nearly 320,000 convertible bonds. As of January 6th, the company still has 6.77 billion convertible bonds available to issue in subsequent offerings.
The BTC investment return (BTC Yield) for the year 2024 was 74.3%, while the return for Q4 2024 was 48%.
As before each Bitcoin purchase announcement, billionaire Michael Saylor often teases the news by posting an image of the SaylorTracker portfolio tracking tool.
Chart Analysis ( CRYPTOCAP:BTC )
💫NEW ATH : $108,306.16
🎆ENTRY POINT : $94428.96
🎇STOPLOSS ZONE : $90,444.77
1ST TARGET $99,762.63 🔥
2ND TARGET $102,461.96
3RD TARGET $105,501.97
4TH TARGET $108,306.16
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Ripple: Another Dip Ahead?In the opening hours of the new year, XRP made a solid effort to recover from the minor weakness of the past two weeks. While the price surged over 25% between December 30 and the following five days, we classify this brief rally as a temporary counter-move, which should shortly transition into the final sell-off of the corrective magenta wave (4). Once the wave (4) low has been settled, the magenta impulsive wave (5) should break above the resistance at $3.28. However, if the price fails to sustain its next upward move and retreats significantly from this green line, the magenta wave alt. (4) will form another low before paving the way for the next upward impulse. This alternative scenario carries a 35% probability.
Analysis for GBP/USD (4-Hour Chart)The GBP/USD pair is showing significant price movements on the 4-hour chart, providing potential opportunities for both buyers and sellers. Here’s a breakdown of the key levels and insights:
Key Observations:
Support Zone:
The price has recently bounced from a critical support level at 1.2400, indicating strong buying pressure at this zone.
This level may act as a base for a potential bullish recovery.
Resistance Levels:
The first major resistance is observed around 1.2541.
A stronger resistance zone lies at 1.2605, which could act as a barrier for further upward momentum.
Trend Analysis:
The pair is currently in a short-term bearish trend, as seen by the recent downward movement.
However, the bounce from the support level and the green indicator showing potential long positions may suggest a possible reversal or retracement.
Potential Scenarios:
Bullish Case: If the price breaks above 1.2541, we might see further upside toward the next resistance at 1.2605.
Bearish Case: Failure to sustain above the support level at 1.2400 could lead to another leg downward, potentially targeting 1.2350.
Trading Strategy:
Long Positions:
Consider entering around the support level (1.2400) with a target of 1.2541 and a stop-loss below 1.2370.
Short Positions:
Look for opportunities near 1.2541 or 1.2605 if rejection signals appear, with a target back to the support zone.
💬 What’s your take on GBP/USD? Let me know your thoughts in the comments below!
XAU/USDGold (XAU/USD) is currently showing bearish momentum on the 5-minute chart. Based on the recent price action and my analysis, a sell zone has been identified.
Key Points:
Sell Zone: The highlighted area above indicates strong resistance, where price is expected to face selling pressure.
Bearish Trend Confirmation: Price has consistently respected the downward trend, creating lower highs and lower lows.
Entry Point: A potential short trade can be considered near the resistance zone (red area), with confirmation from candlestick patterns or additional bearish signals.
Target Levels:
First Target: $2,620.
Second Target: $2,600 (depending on market momentum).
Stop Loss: Place stop-loss just above the resistance zone to manage risk effectively.
💡 Strategy:
This setup aligns with the current bearish sentiment in the market. Traders are advised to wait for proper confirmations before entering a trade.
📉 What do you think? Let me know your thoughts or if you see an alternate perspective!