BITCOIN (BTCUSD): Test of All Time High Soon?!
Looks like Bitcoin is going to retest the resistance cluster
based on a current all time high soon.
The price is currently retesting a recently broken horizontal resistance.
A bullish wave may initiate from that.
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Cryptocurrency
2021 Resistance Broken: 1INCH Eyes Major Bullish PotentialThe 1INCH/USDT monthly chart provides a compelling glimpse into the long-term price action and potential future trajectory of the cryptocurrency. The chart captures key market dynamics, highlighting a prolonged downtrend and a recent breakout that could signal the beginning of a new bullish cycle.
The overall context suggests that 1INCH has experienced a significant long-term downtrend, marked by a descending white trendline originating from its peak price of 7.3345. This trendline underscores consistent selling pressure and a bearish market sentiment that persisted for an extended period. However, the broader picture also reflects the cyclical nature of markets, with an initial strong rally in early 2021, followed by a protracted consolidation phase, and now the possible emergence of a fresh upward trend.
A pivotal development is the recent breakout above the downward-sloping trendline. Such a breakout often indicates a shift in market momentum from bearish to bullish, signaling that the downward pressure may be easing. This breakout is further underscored by annotations on the chart suggesting that the price is “ready for re-test.” This refers to the likelihood of the price pulling back towards the broken trendline to confirm it as a new level of support before continuing its upward trajectory. Retests are a natural and critical component of breakout scenarios, offering traders an opportunity to validate the strength of the breakout.
The chart also highlights a projected target price of 7.9266, indicated by a green rectangle. This ambitious target represents a substantial increase from the current price of 0.4005, suggesting the potential for a significant rally if the bullish momentum holds. Additionally, key support levels are identified at 0.3286, 0.2600, and 0.2304, providing important reference points for risk management and trade planning.
From a trading perspective, the breakout sets the stage for a bullish outlook, with the re-test offering a potential entry point. Traders might wait for the price to dip towards the broken trendline or one of the identified support levels and observe whether these levels hold as support. Confirmation of support can come in various forms, such as the formation of a higher low or a strong green candle signaling buyer strength.
However, trading based on this analysis should include proper risk management. Setting a stop-loss near critical support levels can help mitigate potential losses if the breakout fails or market conditions reverse unexpectedly. Furthermore, traders should remain aware of the high volatility inherent in cryptocurrency markets and adjust their strategies accordingly.
It’s also essential to acknowledge that this analysis is based on a monthly timeframe, which means the trends and price movements are likely to unfold over an extended period, spanning weeks or months. While the technical setup appears promising, it’s important to incorporate fundamental factors such as news, project developments, and broader market sentiment to gain a more comprehensive view.
In conclusion, the 1INCH/USDT monthly chart reveals a promising bullish scenario with the potential for significant upside, provided the breakout holds and the market aligns with the technical projections. Observing the re-test and confirming the newly established support levels will be key steps in navigating this potential rally.
Disclaimer: This is not a financial advise. This analysis is purely for informational purposes and should not be considered as investment advice. Trading involves risk, and you should consult with a financial professional before making any decisions.
Cardano Breakout Alert: Is the Bull Run Back?After Trump's victory in the U.S. presidential election on November 6, Ada experienced a 318% growth in 30 days. After that, sellers were only able to retrace 50% of the previous impulsive wave within 40 days. Currently, the price is struggling to break above the descending trendline. If it successfully does so, it may reach 1.4780, representing a 31.41% increase.
What are your thoughts on ADA's next move? 👀
Drop your predictions in the comments below and don’t forget to like if you found this analysis helpful! ❤️🔥
SPXUSDT is perhaps one of the best short term crypto investmentsSPXUSDT is having an enormous day so far that is about to test its All Time High.
The rebound is taking place after the 1day MA50 was tested and held, right at the bottom of the Channel Up.
Ahead of a 1day MACD Bullish Cross, this is a strong technical buy entry for the short term.
You can target the top of the Channel Up at 9.000, which would be a +9.38% rise, symmetrical with the coin's first.
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Key Insights from the BTC Market Analysis1. Market Overview
BTC Price: $102,624.90, up +3.83%.
Market Cap: $2.03T, with 24h Volume at $103.12B (+13.99%), signaling robust trading activity.
Dominance: 56.34% (+0.43%), showing BTC’s growing share of the market.
2. Indicators of Sentiment
Crypto Fear & Greed Index: 75, indicating strong "Greed" and bullish market sentiment.
Exchange Balances: BTC exchange balance slightly decreased (-0.06%), suggesting hodling and reduced selling pressure.
3. Derivatives Insights
Open Interest (OI): Up +5.39% to $149.62B, showing new positions are opening, potentially setting up larger moves.
Funding Rates: Positive across major exchanges, indicating more bullish positions.
Long/Short Ratio: Mixed sentiment with Binance net long (1.66) and OKX net short (0.67), which may lead to pockets of volatility.
4. Technical Indicators
Support: $101k–$101.5k, deeper support near $100k if a pullback occurs.
Resistance: $103k–$103.3k. Breaking above this could push BTC toward $105k.
RSI: Cooling slightly (~58–60), signaling consolidation or potential pullback after recent gains.
5. Short-Term Scenarios
Bullish: A reclaim of $103k could push BTC to $105k.
Neutral: Consolidation between $100k and $103k.
Bearish: Profit-taking near $103k might drop BTC to $100k or lower.
6. Confidence Level
Overall Bias: Moderately bullish.
Positives: Increasing OI, reduced exchange balances, and bullish funding rates.
Cautions: Slightly cooling RSI and large options OI increase (+45.30%) suggest potential for high volatility.
Final Thoughts
BTC remains in a strong position as long as it holds above $101k. A breakout above $103k could lead to further upside, but cautious risk management is essential given mixed sentiment across derivatives and short-term cooling indicators.
VVAIFU/USDT INCREASE DAY TRADEVVAIFU/USDT NEW INCREASE DAY TRADE
The study shows that Morpho has a good chance to break in the coming time for this reason a follow.
We choose the coins not based on what we expect or think but on what the data shows as having the highest chance of increasing. And then it will still be unexpected market. There are no guarantees in markets.
TRUMP/USDT NEW DAY INCREASETRUMP/USDT NEW INCREASE DAY TRADE
The study shows that Morpho has a good chance to break in the coming time for this reason a follow.
We choose the coins not based on what we expect or think but on what the data shows as having the highest chance of increasing. And then it will still be unexpected market. There are no guarantees in markets.
ETHEREUM IN A FEW WEEKS, COULD BE BREAK THE TREND AND BULLISH?BINANCE:ETHUSDT
Good Afternoon trader, my idea for ETHUSDT. 4H on 17/01/2025.
My prediction to this coin is going to demand zone (2.869-3.035) before trying to break the bearish trendline. But if it can break the trend straight away, maybe it will correction to 3.371 before continues to the supply zone (3.884-4.075)
please discuss about this thing, comment on below
ETHEREUM The Parabolic Rally to $10k has started!Ethereum (ETHUSD) is having a strong recovery rebound this week after marginally breaking below the 1W MA50 (blue trend-line) earlier. This indicates enormous buying pressure on the Bull Cycles first core Support level (the second being the 1M MA50 (red trend-line) which supported twice last Aug/Sep).
In comparative terms, relative to ETH's previous Bull Cycle, we are around the October 2020 levels, which was the last consolidation before the Cycle's main Parabolic Rally started. This is also evident on the 1W RSI fractals among the two. The rally exceeded by a small margin the 1.5 Fibonacci extension and formed the Cycle Top.
As a result, we expect ETH to hit at least the $10k level before this Cycle tops towards the end of the year. Technically, we should see the 1W MA50 support until the end.
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The TOTAL3 Breakout: Does This Signal the Start of Altseason? This chart displays the price action of what's labeled as "TOTAL3," which represents the combined market capitalization of all cryptocurrencies excluding Bitcoin and Ethereum. Essentially, it tracks the overall value of the altcoin market.
The chart depicts the price action of the "Crypto Total Market Cap Excluding BTC and ETH" (referred to as TOTAL3 in the label) over a period from October 2024 to April 2025. We can see a clear uptrend followed by a period of consolidation, and then a breakout from that consolidation pattern.
Key Observations
Initial Uptrend: The chart shows a strong, steep uptrend that begins around November 18, 2024. This indicates a period of significant buying pressure and increasing valuation for altcoins (crypto excluding BTC and ETH).
Consolidation: Around early December 2024, the upward momentum slows, and the price enters a consolidation phase. This is characterized by a rangebound pattern that appears to be forming a descending triangle.
The white trendlines clearly define this descending triangle pattern, with a descending resistance line and a horizontal support line. This pattern is typically considered bearish.
Bullish Breakout: Around mid-January 2025, the price breaks above the descending resistance line of the triangle. This is a bullish breakout, indicating that buying pressure has overcome the previous selling pressure. The price rises above the upper trend line and confirms the breakout.
Timeframe: The chart is using a daily (1D) timeframe, which is suitable for mid- to long-term analysis.
Interpretation and Potential Implications
Bullish Signal: The breakout from the descending triangle suggests a continuation of the initial uptrend and is considered a bullish signal. It implies that the market may be entering another phase of price appreciation for altcoins (excluding BTC and ETH).
Confirmation Needed: While the breakout looks valid, it would be beneficial to monitor volume activity to confirm the strength of the breakout.
Possible targets: The length of the base of the descending triangle could be added to the breakout point for a possible target, assuming it continues upwards.
Risk Management: As always, with any price pattern, a successful breakout is never guaranteed. Traders may consider setting a stop-loss below the breakout line as part of their risk management strategy.
Phemex Analysis #53: How to Trade AVAX Like a ProEvery cryptocurrency has a story, and Avalanche (AVAX) is no exception. Known for its high-speed blockchain and innovative consensus mechanism, AVAX has captured the attention of traders and investors alike. But beyond its technology lies a price journey that keeps everyone guessing—and presents opportunities for those who know how to navigate it.
Let’s take a closer look at AVAX’s current market situation. After a period of volatility, the token now finds itself at a crossroads. Will it consolidate, drop further, or stage a bullish breakout? The answer lies in the charts, and today we’ll explore three possible scenarios to help you trade AVAX like a pro.
Scenario 1: Consolidation
Imagine this: After weeks of ups and downs, AVAX enters a period of calm. The price begins to range between $42 and $32, moving sideways with low volatility. This consolidation phase might not seem exciting at first glance, but for savvy traders, it’s an opportunity to profit from small fluctuations while waiting for the next big move.
Pro Tips:
• Use grid trading bots to capitalize on price swings within the $42–$32 range.
• Place long trades near $32 (support level) and short trades near $42 (resistance level) to maximize gains during this phase.
• Stay alert—consolidation often precedes a major breakout or breakdown.
Scenario 2: Bearish Drop
Now picture this: AVAX fails to hold its $32 support level and breaks down with high volume, signaling further bearish momentum. As the price drops below $32 and $30, panic might set in for some traders—but not for those who are prepared. A sharp decline could present an excellent opportunity to “buy the dip” at lower levels like $22.3 or $20.4, where strong support zones lie.
Pro Tips:
• Set buy orders around $22.3 and $20.4 to catch the dip if this scenario unfolds.
• Manage your risk by scaling into positions gradually rather than going all-in at one level.
• Keep an eye on volume—if selling pressure decreases near these support levels, it could signal a potential reversal.
Scenario 3: Bullish Rise
Now imagine AVAX breaking out of its consolidation phase with conviction—a surge above the $42 resistance level accompanied by high trading volume. This breakout signals renewed bullish momentum, and traders who act quickly can ride the wave higher as AVAX targets key resistance levels at $54 and $65.
Pro Tips:
• Wait for confirmation of the breakout above $42 with high volume before entering long positions.
• Set profit targets at $54 and $65 to lock in gains as AVAX climbs higher.
• Monitor overall market sentiment—strong bullish momentum across the crypto market can further fuel AVAX’s rise.
The Bigger Picture
Trading AVAX is more than just reacting to price movements—it’s about understanding the story behind those movements and positioning yourself strategically for each scenario. Whether it’s navigating consolidation, buying dips during bearish drops, or riding bullish breakouts, every market phase offers unique opportunities for prepared traders.
As you trade AVAX, remember that patience and discipline are key to success in crypto markets. Stay informed, manage your risks wisely, and adapt your strategy as conditions change.
So gear up and trade AVAX like a pro—because in this fast-paced world of crypto trading, fortune favors not just the bold but also the prepared!
Final Tips:
Take your trading to the next level with Coin-M perpetual contracts, where you can use your ADA or LINK as collateral to trade and accumulate more tokens along the way. Phemex will list Coin-M perpetual contracts for ADA, LINK, AVAX, and SUI on January 16th. Don’t miss it—check it out!
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
BTCUSDT - 17th January📉 BTC/USDT at a Crossroads – Bullish and Bearish Scenarios 📈
Bitcoin is currently navigating a critical decision point, as uncertainty looms over the completion of Wave 4. Here’s a breakdown of the potential outcomes:
🔑 Bullish Path:
If Wave 4 is complete, BTC is poised for a breakout above the $103K resistance level.
Target Zones for Wave 5:
🎯 Target 1: $121K
🎯 Target 2: $129K
A confirmed breakout above $103K would signal the start of a rally toward a new all-time high.
🔻 Bearish Path:
If Wave 4 remains incomplete, BTC might still be forming a triangle or bull flag, which suggests another leg downward.
Possible Downside Levels:
📌 FWB:88K to $86K
This would likely mark the final accumulation phase before BTC resumes its climb toward the all-time high.
🎯 Current Outlook:
The $103K level is the key to determining Bitcoin’s next move:
A breakout confirms the bullish scenario.
A rejection signals potential downside.
📊 Conclusion:
Bitcoin’s path hinges on resolving Wave 4. Until confirmation emerges, traders should exercise caution and prepare for both bullish and bearish scenarios when planning trades or investments.
Disclaimer:
⚠️ This is not financial advice! Always conduct your own research and trade responsibly.
$ONDOUSDT Poised for a $HBAR-Style Surge! 5x Incoming!Time to get back into $ONDOUSDT.
Simple reaction at mid-level. It needs to reclaim the yearly open to set up a safer trade by the end of the month.
In case things decide to flush a little (but not looking that way for now), I’ve placed a bid below $1.
I expect this to stay above the dollar zone, aiming for $2.6 and $10 by May.
So, who's with me on this one? Are we not excited to see a CRYPTOCAP:HBAR -type move? Hopefully! 😊
BTCUSD: Blast from the past targets $107,000Bitcoin is having a strong 3 day rally but despite the aggression, its 1D technical outlook only just now turned bullish (RSI = 56.345, MACD = -95.200, ADX = 24.772). This shows the strong bullish potential that this wave still has and in fact, based on the 1D MACD, it is mirroring so far the March-May 2024 pattern. The presence of the LH trendline in the past supressed the price until the 1D MA50 was crossed and the bullish breakout almost touched the R1 level. Right now the new R1 is being tested so if crossed, we will be expecting a near test of the current R1 level (TP = 107,000).
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MORPHO/USDT NEW INCREASE DAY TRADEMORPHO/USDT NEW INCREASE DAY TRADE
The study shows that Morpho has a good chance to break in the coming time for this reason a follow.
We choose the coins not based on what we expect or think but on what the data shows as having the highest chance of increasing. And then it will still its unexpected market. There are no guarantees in markets.
RAY ANALYSIS📊 #RAY Analysis : Update
✅As we said earlier, #RAY performed same. Resistance1 done in #RAY. There is a formation of Flag and Pole Pattern on daily chart.🧐
Current we can see a little retest and then we could target for next resistance
👀Current Price: $5.520
🚀 Target Price: $6.390
⚡️What to do ?
👀Keep an eye on #RAY price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#RAY #Cryptocurrency #TechnicalAnalysis #DYOR
TradeCityPro | RENDER: Navigating the AI and RWA Space👋 Welcome to TradeCityPro!
In this analysis, I will be examining the RENDER coin, a project involved in Artificial Intelligence and Real-World Assets (RWA).
📅 Daily Timeframe: Descending Triangle
In the daily timeframe, after breaking the resistance at 6.75 and reaching up to 11.243, we observe a descending triangle forming between these two areas. The price has touched the support at 6.75 multiple times.
🔍 Additionally, the 6.75 area is also significant in terms of Fibonacci levels, lying between the 0.5 and 0.618 zones. The SMA99 is also reaching the candles in this area, turning it into a very strong Potential Reversal Zone (PRZ).
📊 Market volume within the triangle is gradually decreasing, and now that the price has entered the final third of the triangle, the sensitivity in each candle is increasing. If the triangle breaks in any direction, the volume should also increase; otherwise, the likelihood of a false breakout will rise.
🔽 If the price breaks down and passes below 6.75, the next major support will be at 4.18. A breakdown of the 36.45 level in the RSI would support a bearish scenario.
🧩 For long positions, we first need to wait for the descending trendline of the triangle to break. You can then open a position upon the breakout of this trendline trigger. The main trigger will be at 11.243. However, the range from 11.243 to 13.267 is very strong and, being at the ATH, turns into a significant supply zone.
📝 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! ❤️
BITCOIN The minimum target of this Cycle is $185kIf you follow us for long, you know that we are very fond of using Fibonacci levels on Bitcoin (BTCUSD) Cycles in order to project future tops and bottoms. Today is one of those analyses, in fact it is a strong variation of the following Inverse Head and Shoulders call:
As you can see, that was based on the condition that BTC would make a first hit and rejection on the 0.786 Fib retracement and then (as it happened on the previous Cycle) would go for a Cycle Top on the 2.0 Fibonacci, which gives us a $165k Target.
Since the 0.786 Fib never really offered the rejection of the previous 3 Cycles, we are introducing a variation model with new parameters.
We take the Fib extension from the bottom of each Cycle to the moment it made contact with the 1W MA50 (blue trend-line). As you can see by applying these conditions, every Cycle since BTC's inception has hit at least the 5.0 Fibonacci extension, with all Cycles in fact making a perfect Top there with the exception of 2017, which even exceeded it.
As a result, we can claim that this Cycle will have a minimum peak at $185000.
How realistic do you think this is for the 'bad case scenario'? Feel free to let us know in the comments section below!
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Back to 108K ?Welcome back folks,
Only on Thu we talked about bearish scenario and 85K target and now we have to turn everything from top to bottom.
Not occasionally on Thu we warned about weekly bullish grabber pattern and called to not take any fresh shorts, but keep existed ones. What's now?
Now our H&S stands in a process of failure, which means price has good chances to go back to 108K top, is failure will be confirmed. Besides, on weekly chart we could get 2nd grabber in a row if BTC will close slightly higher.
Price was not able to break the neck line, and just got the stops there.
It means that currently we do not consider any shorts. For long entry we could use intraday Fib levels. First one is 96.35K And see what will happen next.
Bitcoin tested 100k once again today, BUT..Let me explain first.. I am very positive with Bitcoin, and i do believe it will reach to 200k to 300k in 3 years span.
But for now, as the chart showing BTCUSD tested the resistance, a very solid trendline, also 78.6% fibo retracement up from the previous drop, and the psychological level of 100k, I AM SHORTING BITCOIN NOW..
Target 1: 97000
Target 2: 95000
Target 3: 89000
TradeCityPro | XVSUSDT Possibility of a Long-Term Move Starting 👋 Welcome to TradeCityPro Channel!
Let’s analyze XVS, one of my favorite coins in the crypto and DeFi space, which operates in the LEND & Borrow sector on the BNB network, as we may work with it more extensively in the future.
🌐 Overview Bitcoin
Before analyzing today's altcoin, let’s start by reviewing Bitcoin on the 1-hour timeframe
Yesterday, I mentioned opening a long position with Bitcoin’s break of 97343 and even suggested using a stop-buy order. Today, following the news announcement, this resistance was broken aggressively, showing strong whale activity.
With this breakout, Bitcoin dominance has begun to drop, so it would have been more logical to place stop-buy orders on altcoins. If you haven’t done so yet, don’t worry! You can wait for the next confirmation by Bitcoin breaking 99485 to take action on your altcoins.
📊 Weekly Timeframe
In the weekly timeframe, XVS remains in a large range and has been moving slowly.
Recently, after faking a breakout above the range, it did not return to its bottom. In 2024, we haven’t revisited the 3.51 support level. Instead, we formed a higher low at 5.33, suggesting a potential shift.
For re-entry, you could consider buying above 12.94. Personally, I entered at the 5.33 breakout in late 2023 and will not make any new purchases at the moment. My stop-loss remains below 3.51.
📈 Daily Timeframe
On the daily timeframe, after breaking 8.21 and exiting the daily range, XVS moved toward the 11.83 resistance, where it faced heavy rejection.
After that, lower highs were formed, leading to a descending triangle pattern with equal lows.
If the descending trendline breaks, we might see the uptrend resume with confirmation from momentum and volume. Otherwise, a break below the triangle’s base at 8.21 could lead to a correction toward 6.09, though this is less likely.
Risky Entry: You could buy now with the current daily candle, but ensure your stop-loss is below 6.09 , Safe Entry: Wait for a confirmed breakout above 11.83, aiming for a target of 17.58.
⏱ 4-Hour Timeframe
Finally, in the 4-hour timeframe, after briefly wicking to the 7.73 support, XVS has bounced back into its range and is nearing the 9.47 resistance.
📈 Long Position Trigger
wait for 9.47 to break with clear momentum and volume or wait for the formation of higher highs and higher lows.
📉 Short Position Trigger
monitor for signs of rejection. If 9.47 turns into a fake-out, a short position below 8.52 could be considered.
📝 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! ❤️
WIF ANALYSIS🚀#WIF Analysis :
🔮As we can see in the chart of #WIF that there is a formation of "Falling Wedge Pattern". In a daily timeframe #WIF broke out the pattern. Expecting a bullish move in few days after the breakout of major trendline.
⚡️What to do ?
👀Keep an eye on #WIF price action. We can trade according to the chart and make some profits⚡️⚡️
#WIF #Cryptocurrency #TechnicalAnalysis #DYOR
BNBUSD: 1 year Rising Wedge is about to break upwards to $1,500.BNBUSD is neutral on its 1D technical outlook (RSI = 52.057, MACD = -0.160, ADX = 20.933) which along with the bullish 1W chart (RSI = 59.785) it outlines the long term bullish potential. With the Support of the 1W MA50, a bullish breakout is expected as the Rising Wedge pattern of 2024 is about to come to an end. The similarities with the 2018-2021 Cycle are evident, where a Rising Wedge was again present for the whole year of 2020. When it brokeout in 2021, an insane rally took place. If it is of the same strength as 2024, then we will stay bullish until it completes a +255% rise (TP = 1,500).
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