Cryptocurrency
Ethereum at Critical Support: Bullish Bounce ExpectedCOINBASE:ETHUSD is approaching a significant demand zone, marked by prior price rejections and strong buying interest. This area has consistently acted as a key support level, leading to bullish reactions in the past.
The market structure suggests that the recent bearish momentum could slow down as price nears this critical zone. If buyers step in and price action confirms a rejection (e.g., bullish engulfing or wicks signaling strong buying pressure), there is potential for a reversal.
I anticipate that, upon confirmation of a rejection from this demand zone, ETH may head upward toward the $3,350 target level, which represents a logical target within the current market structure.
If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!
BTC/USDT CHART ANALYSIS#BTC after a big drop we experienced recently, we expect to have wave (5) of growth up to 70-80 thousand dollars which I can reach by 2023, where to reach this value BTC must first go above $45-50k and hold on to it, after this last cycle we may experience a big drop to take a path to $150-200k, but we will see how BTC will act in time.
CHART: 1W
LONG-MID TERM
TradeCityPro | IMXUSDT Potential 30% Drop👋 Welcome to TradeCityPro Channel!
Let’s take a look at today’s altcoin on this market holiday, especially for those holding IMX, as it might experience a drop once the market reopens.
Before starting the analysis, as always, let's first check Bitcoin. On the 1-hour timeframe, Bitcoin dropped last night after getting rejected at 105,939, making a sharp move down to support at 101,654, where it is currently holding.
Along with this drop, Bitcoin dominance also fell, preventing altcoins from experiencing significant losses. However, as Bitcoin ranges at this support, its dominance is rising, which is causing altcoins to drop. If this trend continues, altcoins will likely undergo a deeper correction.
I personally plan to open a short position if 101,654 breaks, but I will secure profits quickly and exit fast. On the other hand, if Bitcoin breaks 102,571, I will enter a risky stop-buy long position, as I believe its movement to the upside could be as sharp as its previous drop, and I will set a logical stop-loss.
📉 Weekly Timeframe
Looking at the IMX weekly chart, we see that compared to 2023, it is holding a higher low, which is a bullish sign. However, the fake breakout and rejection at 1.817 led to a return inside the range, and sellers are now attempting to break the range low.
Let’s also talk about the candlestick pattern I highlighted on the chart. I’ve personally seen this pattern many times—it typically appears at the end of a trend and signals a potential reversal. I will discuss it more in the future, but for now, just take note of this behavior.
Additionally, after last week’s candle, IMX is trying to close below the key weekly support and range low at 1.084. If this breakdown is confirmed, it would signal a range breakdown, leading to a bearish correction towards the next major support at 0.764, which would be a 30% drop.
I do not hold IMX, but if I did, my approach would be to exit my holdings upon a weekly close below this level, regardless of whether I was in profit or loss. I would only re-enter if the price reclaimed the range or formed a clear trigger for a new buy position.
📊 Daily Timeframe
IMX is currently sitting on a major support level, which has consistently pushed the price upward in previous attempts. However, this support is showing signs of weakening.
If this level breaks, we will likely see a sharp drop towards 0.764. Given the importance of this level, it’s essential to monitor both bullish and bearish signals. If we see signs of weakness in the bearish trend, it could signal a buy trigger.
However, these triggers require momentum—I will not buy just because the price is sitting on a strong support level. Instead, I will wait for either a fake breakdown or a lower timeframe range breakout before considering a buy. One possible entry trigger could be the breakout of the trendline at 1.252.
⏳ 4-Hour Timeframe
IMX is currently breaking below the 1.061 support, which is a key weekly level. Because this is a high-volatility zone, it’s important to use a logical stop-loss when entering positions to avoid being stopped out unnecessarily.
📉 Short Position Trigger
the trigger is already active, so a short entry is possible. However, if the price lingers in oversold conditions for too long or takes too long to move downward, I recommend securing profits quickly—also keep in mind that it’s Saturday, so consider reducing your risk exposure.
📈 Long Position Trigger
there is no clear trigger yet unless we see a fake breakdown or a sharp recovery back to 1.252, after which a long entry would be valid. If this scenario plays out, there’s no need to feel FOMO, as strong momentum entering the market will provide multiple trading opportunities.
📝 Final Thoughts
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! ❤️
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 31, 2025Technical Analysis and Outlook:
During this week’s trading session, Bitcoin reached its targeted Mean Support levels, specifically at 101300 and 98000. This development indicates a probable pullback to retest the Mean Support level of 98000, with the potential for further extension to the Outer Coin Dip positioned at 96000 before a possible resurgence in the bull market occurs. Conversely, should this anticipated pullback not materialize, the currency may experience upward movement, retesting the completed Inner Coin Rally at 108000 and potentially expanding to 110000 and 114500, ultimately challenging the outermost Outer Coin Rally at 122000.
SWFT is showing bullish strength upon breakout of bullish flag!It appears as though the RSI is cooling off and SWFT may consolidate in the .035c-0.030c range before the next leg up....
One thing I have noticed is the price does not consolidate for too long which indicated a whale or two are gobbling up any SWFT they can get their hands on...
Expect a gap up to the top of the ascending channel in the immediate term.
Where are all my Swifties at!!!
If we do see a sell off I dont expect the price to stay in the 0.03c range for very long.
Don't swim against the current, ride the wave & be brave!
TradeCityPro | ETCUSDT Buyers and Sellers War👋 Welcome to TradeCityPro Channel!
Let's go together in the final hours of the week and the financial markets are closed. Let's analyze and review another of our altcoins in a short and concise manner.
🌐 Overview Bitcoin
There is no need to include Bitcoin analysis in this analysis because I analyzed Bitcoin in detail for you today. I will put the link below. Be sure to check it out and pay attention to its chart.
📊 Weekly Timeframe
In the weekly time frame, ETC is one of the coins that is still fluctuating in its box range, but this time it has risen from the higher bottom of 17.67 and has not moved towards 14.90, which is a positive point.
I probably will not hold this coin for re-buying, but if you want to enter, I suggest you do so after the 37.16 break and follow this very closely as soon as possible. Don't happen in this time frame
On the other hand, if you bought with the 20.44 break, continue to hold for now, but the previous rejection from 37.16 is a good trigger for saving profit or exiting the main capital, and wait for the main exit and exit below 14.90
📈 Daily Timeframe
In the daily time frame, we are also suffering in the 24.71 to 28.12 range box, but the good thing is that we are one level above the daily box break box, which is 20.92, and we are in a better situation than the other coins that returned to this box.
I want to pay close attention to the 17.55 to 20.92 box, which is a complete daily range box, and you can see this in the weekly chart as well, and I want to show you that our purchase is after the box ceiling breaks and momentum and volume enter the chart and coin, which makes us stay in the position less and the fastest way Take our potential profit from the market
To buy again, you can make your purchase after the 24.71 break with the momentum I just explained, but your main trigger in higher time frames is the 38.24 break and it is better to involve your main risk there. If you intend to buy, you can also enter at 28.17 as a risk to have an entry point.
I do not recommend below 24.71 for the exit, but if you want to exit, if we return to the box again, make your purchase at the same number of dollars you sold, and your main exit trigger will be below 14.67.
Now you may be wondering why the daily resistance is at 28.17. The reason is a fake breakout that happened. The previous series and the fake breakout are exactly these two candles that go above the box and return exactly. Even if we remove them, nothing special will happen on the chart and the data will be wasted.
📝 Final Thoughts
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! ❤️
BITCOIN Reaches Critical Level - Will Bitcoin Sell Off?COINBASE:BTCUSD is reached a significant resistance zone, aligning with past price rejections and a strong supply area. This region has historically triggered strong selling pressure, making it a key level to watch.
If price struggles to break higher and forms bearish signals—such as rejection wicks, a bearish engulfing candle, or a shift in order flow—a pullback toward $102,500 could follow. This would confirm sellers stepping in to defend the level.
However, if BTC manages a strong breakout and holds above resistance, bullish momentum could extend further, invalidating the short setup.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management!
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Best of luck , TrendDiva
BITCOIN made a MACD bearish cross and can fall to 98000.Bitcoin / BTCUSD just completed a Bearish Cross on the 4hour MACD. All prior such formations have resulted in immediate declines.
The pattern on the 4hour time frame is a Channel Down and those MACD declines formed its bearish legs.
The two prior bearish legs declined by at least -8.50%.
We expect a similar technical leg to hit at least Support A, which is the last low of the Channel Down.
Sell and target 98000.
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(ENS) ethereum name service - "year of the dragon"The year of the dragon belonged to none other than Ethereum Name Service (ENS). Based on the looks of the chart the graph moved like a dragon and is shaped like a dragon so that is why I am giving ENS the award of the crypto of the year, crypto of 'The Year of The Dragon." What will 2025 unfold. This award is not an award for the best cryptocurrency in cryptocurrency so much as an award in correlation with the fragments and pieces of social culture and the activities people tend to follow and carry with them through their days, months, and even years.
PEPEUSD: 10 month Channel Up bottomed. Target 0.00045.Pepe is still bearish on its 1D technical outlook (RSI = 42.958, MACD = 0.000, ADX = 31.752) despite today's rise as the price remains close to the bottom of the 10 month Channel Up. Still, the 1D RSI just got oversold and immediately rebounded, which is what happened on the August 5th 2024 bottom that gave rise to the new bullish wave. Both prior bullish waves rose by +336.78%. A crossing over the 1D MA50 would be a validated signal but even now, buying is worth the Risk against the potential Reward, which is the +336.78% that we're targeting (TP = 0.000045).
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Solana Retests Golden Fib Levels – Next Leg Up?CRYPTOCAP:SOL has successfully retested the golden Fibonacci levels (0.618 - 0.5) and is now showing signs of strength.
The price has bounced from a strong demand zone, indicating potential for another bullish leg.
DYOR, NFA
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JASMYUSD testing the 1D MA50 for a break-out. $0.068 on sight.JasmyCoin (JASMYUSD) has been trading within a 15-month Channel Up and the price made this week a direct contact with its bottom. This is technically a Higher Low for the pattern and naturally it immediately reacted with a rebound.
The price is currently testing its 1D MA50 (blue trend-line), which happens to be at the top of the Bearish Leg (blue Channel) of the previous High. This is a Bull Flag pattern, which has always produced a rally eventually, with the lowest % rise being +194.50%.
With the 1D MACD just completing a Bullish Cross below the 0.0 mark, we expect Jasmy to break-out and go for at least another +194.50% rise from its bottom. Target 0.06800.
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XRP Will Soon Sync with Market Open & Close TimesCurrently, XRP is trading within a fairly narrow range. However, I predict that once the SEC case against Ripple Labs is resolved, we will see significant movements in XRP during market open and close times. This case has been a major factor influencing XRP's market behavior, and its resolution could pave the way for more dynamic trading patterns.
The U.S. Dollar (USD) plays a crucial role in the foreign exchange (FOREX) market, accounting for approximately 88% of the total daily trading volume. This translates to around $6.6 trillion out of the $7.5 trillion traded daily. The USD's dominance in FOREX is largely due to its status as the world's primary reserve currency and its widespread use in global trade and financial transactions.
On December 17, 2024, Ripple Labs launched Ripple USD (RLUSD), a new stablecoin. RLUSD is designed to offer stability, reliability, and liquidity, being backed by U.S. dollar deposits, U.S. government bonds, and cash equivalents. Due to the ongoing SEC oversight, we have yet to see the full potential of RLUSD, especially as large institutions begin to adopt it. Once the regulatory hurdles are cleared, RLUSD could become a significant player in the cryptocurrency market, potentially transforming the way digital assets are utilized in global finance.
I recommend that you watch this video on X to see what is happening in Ripple (XRP) world:
x.com
Additionally, the launch of RLUSD comes at a time when interest in stablecoins is rapidly increasing. Stablecoins like RLUSD provide a bridge between traditional financial systems and the rapidly evolving world of cryptocurrencies, offering a secure and stable means of transferring value. As more institutions and investors recognize the benefits of stablecoins, we can expect to see greater integration of these digital assets into mainstream financial systems.
TradeCityPro | LINKUSDT The Time to Buy Has Arrived👋 Welcome to TradeCityPro Channel!
Let’s analyze another cryptocurrency from the market, which is also one of my favorites due to its infrastructure role and its ability to simplify crypto. It seems that a buying opportunity has arrived.
🌐 Overview Bitcoin
Before starting the analysis, as always, let’s take a look at Bitcoin on the 1-hour timeframe, where the futures entry trigger at 104,227 was activated. Currently, it is below the important resistance level of 105,939, which will be the last trigger I provide for futures entry.
If this resistance at 105,939 is broken and Bitcoin dominance is declining at the time of the breakout, switch to altcoins and look for long positions on those that have already made a bullish leg and are trading at relatively higher levels. As long as we are above 104,227, I will continue looking for long triggers.
📊 Weekly Timeframe
On the weekly timeframe, LINK has been one of the cryptocurrencies that remained in a range for 500 days. After breaking out, we have seen the beginning of an uptrend.
This is exactly what I mean by avoiding capital lock-up. We waited weeks for the 8.06 trigger to break, allowing us to buy with momentum confirmation rather than buying inside the range and waiting in a high-risk market.
You might say, "Why not buy inside the range to avoid missing the 8.06 breakout?" My answer is that hundreds of coins are still stuck in similar ranges without showing any bullish moves, and even now, they could trap your capital for a long time, causing frustration!
If you entered at 8.06, continue holding. If you are looking for a re-entry, you can buy after the 29.02 breakout. As for selling, I am not selling yet and will actually try to accumulate more!
📈 Daily Timeframe
On the daily timeframe, LINK is one of the few cryptocurrencies that, after recent corrections, did not return to lower levels. Instead, it bounced off the 0.382 Fibonacci level, increasing the bullish bias.
After breaking 12.96, LINK had a strong rally up to 29.07, where resistance was observed.
Instead of considering 29.07 as resistance, I prefer to buy after a breakout of 26, as this level was previously a pullback zone and had multiple rejections.
Since we have bounced off the 0.382 Fibonacci level, a breakout of the recent high could trigger a new upward move towards the Fibonacci extension targets, which are : 31.24 – 35.10 – 41.44 – 51.19
For buying, I plan to enter a spot position after a 26 breakout with a stop-loss at 15.22, and I will continue holding. I will also look for a futures long position before 26, but for that, I will need momentum confirmation and volume increase!
⏱ 4-Hour Timeframe
On the 4-hour timeframe, a risky long trigger at 24.34 was activated, but there hasn't been much movement yet. A pullback to 24.34 is possible.
📈 Long Position Trigger
the 26.30 trigger is excellent, and I will try to find lower timeframe entries before that. As long as we are above 22.37, my bullish strategy remains intact.
📉 Short Position Trigger
I am not considering any setups unless a clear structure forms. If we see a sharp drop to 22.37 and then break below it, I might consider shorting, but I prefer to focus on more bearish coins instead of LINK.
📝 Final Thoughts
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! ❤️
BITCOIN This where things get interesting for the greedy..Bitcoin / BTCUSD has entered its parabolic rally mode, as we are in the final year of the Bull Cycle.
We are 812 days after the Bear Cycle bottom and on this chart we applied that range on the previous Cycle to get an idea of were we are in relation to the past.
As you can see we are just after a 1week LMACD squeeze, which in March 15th 2021 turned into a bearish cross that delivered a strong correction while in March 20th 20217 a smaller technical pull back.
In both cases the EMA Bollinger Bands Baseline (green) came to support.
This Cycle however draws more similarities with 2017.
It needs to be said that when BTC is in parabolic rally mode, it tends to spend more time above the BB Upper band (blue).
What this indicates is that any pull back towards the baseline should be bought as Bitcoin is now more likely to make higher highs above the Upper Band.
We project a smoother uptrend compared to past Cycles towards the end of 2025.
Be greedy, buy every pull back below the blue line and take profit a bit above it. Repeat until September-October.
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$BTC 1W Largest Scale Playing with Long Term Ideas (Update)This idea i made today for long term idea just as it is an idea some basic lines and formations were made but it was pretty simple using same red lines the decline lines are same angle as it states. showing prices and times as estimates i will come look at this and progression when iI m older and know more of this trading and chart mechanics etc!
I am not a Financial advisor or any way good with number.. sorry that's a lie I am very good with math but I haven't had to make financial gains on markets not crypto at least.! I have crypto but earned it all freely over short time last 2 years have over a few band only a couple,, but free earned and mostly passive about 70% passive :) anyway and so that makes it all gains but i do swap stuff at lows and highs and various coin swaps using special maths and tools no one else does a lot and take advantage of the "virtual arbitrage" between trading oone coin for another and then another .... if you get it you get it!
WHAT YOU THINK OF IDEA its one for me to come back to in years and look and go wow we were at 100k moment JUST like the 10k moment. Only I don't remember It so well!
hope you enjoy! let me know your opinion and what could be wrong or different! lets learn from one another and take over the markets!
Thanks and please share you Opinions so we can all grow and own the markets together!
THORChain (RUNE)Rune is another crypto project which has great features and possibly a bright future. After the corrective wave hit 0.382 Fibonacci retracement, it seems Rune is oscillating. It is too soon to conclude that the corrective wave is finished, it might go further down. However, there are two lines, one horizontal and another a downtrend, which can help us figure this out. Let's see what happens.
BTCUSD: Repeating the late 2024 bullish pattern to 150,000Bitcoin turned bullish on its 1D technical outlook (RSI = 59.434, MACD = 1198.600, ADX = 26.499) as it found support on the 1D MA50 and is rebounding. The emerging pattern is a Channel Up and coming off an Arc consolidation in December, it draws strong comparisons with the price action after August 2024. The 1D MACD shows that once BTC rebounded on the 1D MA50 (October 10th 2024), the indicator formed a Bullish Cross, which is exactly what is happening now. This paved the way for the parabolic rally that peaked near the 3.5 Fibonacci extension. That shows that this is the time to engage in a confirmed long position again and target at least the 3.0 Fibonacci extension (TP = 150,000).
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SUIUSD: rally to $11 has just started.SUI turned neutral again on its 1D technical outlook (RSI = 46.494, MACD = -0.196, ADX = 48.385) as its 6 month Channel Up has hit its bottom and is rebounding. We are still under the 1D MA50 and that's why the outlook is still neutral but the 1D RSI crossed over its MA trendline, which was what confirmed the start of the bullish waves on October 29th 2024 and September 6th 2024. The rallies that followed have been identical, so we're bullish and anticipate an equivalent increase of +220% (TP = 11.000).
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Postpone shorts for awhileMorning folks,
So, the pullback that we've discussed last time is done and even slightly more extended, in a way of AB=CD .
By our previous plan, somewhere around we should start thinking about the short entry. So, is it time? We think it is not quite yet. And the reason stands with the pattern that now is forming on weekly chart - bullish grabber. This pattern suggests the challenge of the top again in any way.
Does it mean that the bearish scenario, especially our DRPO "Sell" pattern has totally failed. Not quite. The test of the top might be fast, just in a way of spike. In this case bearish setup will stand. But this will be later. For now - we consider no shorts, at least on daily/weekly charts.
On intraday charts, since we have "222" Sell, right, scalp traders could consider shorts for a few hours with very close target - around 103K. But this is not our primary scenario so far.
So, to be absolutely sure with this, let's wait for weekly close price to understand do we really get the grabber on weekly TF or not...
LTCUSD looking for a break-out to $255.Last time we looked at Litecoin (LTCUSD) was 3.5 months ago (October 10 2024, see chart below) when we gave the most timely buy signal, right before it started the strongest rally of its Bull Cycle yet:
Since however the break-out wasn't as aggressive as we initially expected, we have to downgrade our Target. The sequence in terms of 1W RSI is so far similar to the previous Cycles, it's just that the price hasn't responded as aggressively as then.
As you can see, LTC made the expected 1W RSI peak (December 02 2024) and then as the price started to consolidate, it declined, entering a Channel Down. This is no different that the previous RSI Cycle peaks (Dec 28 2020 and May 01 2017).
The difference is that in 2017 the price responded with a huger continuation rally just shy off the 4.0 Fibonacci extension from the consolidation stage, while in 2020 it 'only' managed to reach the 2.5 Fib.
The current pattern appears to have more in common with 2020/21, so we are downgrading our Target to match the current 2.5 Fib at $255.00. It is not impossible to reach $400 by the end of this Cycle (year) but it is best to pursue it only if you can accept elevated risk.
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