Cryptocurrrency
HMSTR Main Trend. Trader's Tactics and Risk Control 01 2025Logarithm. Time interval 1 day. A triangle is being formed, almost in the final phase of its formation. The price is in its lower zone. A breakthrough of the triangle resistance is a big pump, the minimum is its % from the base.
⚠️ It is worth noting that locally there may be a “dump” under the dynamic support of the formation for collecting liquidity. Although, in fact, this has already happened a little earlier. But, if the market allows, this can happen again. Just take this into account in your risk management.
It is worth emphasizing, for those who have tolerance, that in the center of the triangle (its integral part) a double bottom with a flat top (projection of forced actions of the market maker) has formed, which, as a rule, has a very positive effect on long-term goals (they are "not" on the chart).
There is a local correction of bitcoin and the market as a projection as a whole. A good time to accumulate altcoins . This is one of the candidates for accumulation. You can buy in parts (an acceptable average price is important):
1️⃣ That is, according to the market now, the first zone. 1/3 of the volume.
If you are afraid, then wait for a breakout of the triangle , that is, a breakout of the downtrend. You can set trigger orders for a breakout so as not to “freeze” money. If on your exchange, where you trade “dinosaur functionality” (for example, Binance), then in this zone you set a regular stop loss for buying (breakout).
2️⃣ The other part (you set trigger or limit orders) as the price decreases to collect liquidity, depending on the market situation. Zone 2 is the zone where everyone sets a stop loss, that is, everything is the other way around. It is displayed as a capitulation zone.
3️⃣ Third zone — in case of deep price slippage due to low liquidity (optional and unlikely). You simply place a grid of orders.
If you use trigger orders , which do not freeze money in the order, then you can also use this volume for a breakout. That is, resistance in the form of a triangle, and in the case of a negative scenario, key resistance levels that will form when the price falls, the breakout of which determines the trend reversal.
Linear for trend clarity and formation without market noise.
Don't get stuck in the market noise, as well as in the noise of the majority opinions, which is formed by the breath of micro-market movements and news FUD of deception, which forms the anti-logic of the market behavior at the moment, radically, to the opposite, and so many times.
If, conditionally, you are isolated from all this meaningless “important”, then as a consequence, you will have: a clear mind, a healthy psyche and many times greater profit over the distance.
Always stick to your trading plan and control risks, regardless of the news flow, and the opinions of others who want to convince you and incline you to their "correct" opinion.
Your trading plan should not change from the opinion of the majority or "unforeseen market movements".
If this is observed, then admit that you have no trading plan (hard work and intelligence), and you hope for luck, like most of those who "give to the market", and in the end you drain your life energy to the “golden Baal”. It will work once, the second time, in the end, the end is still the same - a negative sacrificial emotional explosion and devastation.
That is, your luck (Fortune-Tyche-chance) will turn away from you, and emotionally rape your psyche, empty your pocket (a resource for the realization of your desires on merit earlier), and the time previously spent on "I'll risk the last time". If a person deceives himself like this, encourages himself, then the last time turns into a trip with many alternations of stops - "good" / "a little painful", to the final stop, called — "big unbearable pain") ...
FIL/USDT Local trend. Wedge. Price squeeze. 30 06 2024Logarithm. Time frame 1 day.
🟣 Local trend . Part of the secondary trend, horizontal channel zone with a step of 372% external channel /180% internal channel, in which a descending wedge is formed. Now there is a local price squeeze, at the support zone of the inner channel.
Also superimposed is a slightly modified Gann fan, to understand the dynamic support/resistance zones during trend development and the time of reaching the price range. Percentages to key support/resistance levels are shown in cases of exit/non-exit from this zone are shown.
Line chart (without market noise).
🔵 Main trend . Formation of a large pump bowl, price in the second phase, that is in a horizontal channel (accumulation zone).
FIL/USD Major trend. From a high of $237 -99% Published on 01/22/2023 (1.5 years ago).
All current. A set range has formed.
Follow the link and click play on the chart.
Any buying expensive / cheap in this range is acceptable from the position of not only the main, but also the secondary trend of price movement development. But, still set adequate targets from the position of the trend and time of development of the cycle. US.
Main trend (without market noise) of this American cryptocurrency for 06 2024
Bullish bounce?BTC/USD is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance that has been identified as a pullback resistance.
Pivot: 95,231.13
1st Support: 93,172.83
1st Resistance: 98,951.90
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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Alikze »» Jasmy | Ascending channel - 1W🔍 Technical analysis: Ascending channel - 1W
📣 BINANCE:JASMYUSDT currency was examined on the daily time frame. In the previous analysis, it was noted that it is in a concentration that touched the targets specified in the ascending channel upon exiting it.
🟢 Currently, in the weekly time frame, after reaching the final target in the previous analysis, it encountered selling pressure, which is now below the middle area of the ascending channel.
💎 If it encounters selling pressure again in the middle of the channel, the correction to the channel bottom area can continue, which will be a broken pullback to the swing, and then, if there is demand and support in the channel bottom area, it can continue its growth to the ceiling of the first ascending channel.
💎In addition, if the first channel breaks, it can continue its growth to the large supply area of the second ascending channel ceiling, as wide as the channel width.
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Alikze »» MANA | Valley Pattern - 1D🔍 Technical analysis: Valley Pattern - 1D
📣 BINANCE:MANAUSDT In the daily timeframe, the previous wave extended to the supply zone, after which it corrected to the golden zone, which has again encountered demand.
🟢 In the daily timeframe, a valley pattern has formed. As long as it is above the golden zone, it can retest the supply zone again.
💎If the first supply zone is broken, it can continue its growth to the next supply zone, which is the previous major ceiling, with a pullback to the broken structure, by the height of the valley.
⚠️Note: Note that the break of the golden zone and consolidation below it will likely lead to further correction to the green box.⚠️
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Alikze »» LDO | Descending channel - 1W🔍 Technical analysis: Completion of corrective leg of bullish angle pattern
- In the weekly time frame, after the formation of a bullish corner pattern in the supply area, it has faced selling pressure.
- It is currently moving in a downward channel, which has encountered demand by touching the second area of the green box.
💎According to the upward momentum, in the first step, it can touch the target of 1.56, which is also the ceiling of the downward channel.
💎 Therefore, after the failure of the descending channel, in the case of Polk to the green box area, it can touch the next targets of 2.34 and the supply area (the previous major ceiling).
⚠️ In addition, if the green box area and Fibo 0.23 of the previous wave break, the bullish scenario will be invalidated.⚠️
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BINANCE:LDOUSDT
Alikze »» Near | Ascending channel - 1W🔍 Technical analysis: Ascending channel - 1W
📣 BINANCE:NEARUSDT currency is moving in an ascending channel on the weekly time frame.
🟢 After hitting the channel ceiling and the supply zone, it encountered selling pressure, which extended the correction to the middle of the channel. After that, it encountered demand again in the middle of the channel.
🟢 It is currently facing demand in the green box, which can grow to the channel ceiling in the first step and continue its growth again to the supply zone.
🟢 Considering that the supply zone and the channel ceiling have already been consumed, in case of high momentum, it will be able to break the supply zone
🟢 After that, it can grow to the next supply zone.
💎In the first step, then after breaking the ceiling of the first ascending channel, it can continue its growth to the middle of the second channel with a pullback to it and finally to the width of the first channel to a larger supply zone.
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Is Bitcoin Preparing for a Retracement?Bitcoin has seen an extraordinary surge of over 100% between September 6th and December 18th, reaching the $100,000 milestone for the first time in its history.
This significant increase can be attributed to various factors. The election of Donald Trump as U.S. President, known for his pro-Bitcoin stance, played a notable role. Additionally, Elon Musk, a key figure in American business and a cryptocurrency enthusiast, has also influenced Bitcoin's surge positively.
Geopolitical tensions, particularly involving Israel in the Middle East and escalating conflicts in Ukraine, have further fueled demand for Bitcoin and other cryptocurrencies. Many retail and institutional investors are turning to Bitcoin as a safe haven amid global uncertainty.
Currently, Bitcoin is experiencing a slight retracement, trading at around $93,000, which is just below the 23.6% Fibonacci level.
Potential Bearish Movement
From a technical standpoint, several indicators suggest a possible bearish retracement for Bitcoin in the coming days.
A sell opportunity may arise if Bitcoin price breaks below the ascending trend line on the daily chart. Here are the key levels to watch as potential targets for a sell:
$87,000: This aligns with the 38.2% Fibonacci retracement level, making it a natural target for a potential sell.
$80,500: This region corresponds to the 50% Fibonacci retracement level, serving as another potential sell target.
$74,000: Coinciding with the 61.8% Fibonacci retracement level, this could act as the final target for a bearish move if the price declines.
Alternative Scenario for an Upswing
Conversely, there is a possibility that Bitcoin may continue its upward trajectory. This bullish scenario hinges on the price maintaining support at the 23.6% Fibonacci level and breaking back above $100,500. If these conditions are met, Bitcoin could challenge its all-time high, approximately $108,000, and potentially target the $110,000 level.
A Conservative Buying Approach
A more conservative buying strategy could be considered if Bitcoin retraces to the 61.8% Fibonacci level, around $74,000. This level is significant, as it represents a previous resistance point that may now act as support.
Key Considerations
It’s essential to remember that Bitcoin behaves differently from traditional assets, with its upward and downward trends often lasting longer. Traders should be prepared for potential volatility as the market continues to react to both technical indicators and external factors.
Careful analysis and strategic planning will be crucial as we navigate this dynamic landscape.
Disclaimer
74% of retail investor accounts lose money when trading CFDs with this provider. Consider whether you understand how CFDs work and if you can afford the high risk of losing your money. Past performance is not indicative of future results. Investment values may fluctuate, and you may not recover your initial investment. This content is not intended for residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
BITCOIN DOMINANCE - Clear chart , Clear dataYour trading struggles are summarized in this chart
weekly chart displays breakout a massive rising wedge pattern and now retesting...
Everything is fine as long as you’ve bought your coins at good prices.
All this struggle is simply summarized in this retest.
What’s expected is strong price fluctuation until mid-January, after which things should settle down.
If you’re out of the market and looking to enter, try to do so during the next correction
Alikze »» DYDX | Ready to break the congestion🔍 Technical analysis: Ready to break the congestion - 1W
📣 BINANCE:DYDXUSDT is in a consolidation on the weekly timeframe.
🟢 In the previous uptrend, it moved to the neckline, after which it faced selling pressure.
🟢 At present, the recent correction could be a pullback to the swing, and in the green box area, it could meet demand, break out of the consolidation and continue its growth to the next supply area.
🟢 In the event of any pullback to the next supply area, the bullish rally could continue to the next supply area.
💎 In addition, any correction should not be sharp and abrupt, and if the correction appears as a multi-wave zigzag, it can continue its growth to the next supply area.
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Alikze »» ONE | Accumulation phase🔍 Technical analysis: The accumulation phase is ready for the bullish wave 3 rally - 1W
📣 BINANCE:ONEUSDT In the previous analysis, the weekly timeframe was corrected after hitting the supply zone, the details of which were examined.
🟢 On the weekly timeframe, it is in a three-year range in a concentration that is in the accumulation phase.
🟢 At present, given that the current supply zone has been consumed, we should wait for the zone break for the next supply zone.
🟢 Therefore, this upward leg will have the ability to grow to the neckline area, which can bring a 200-300% rally.
💎After breaking the second supply zone and consolidating above the area, it will have the ability to grow to the 84 cents area.
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DAR COIN PRICE ANALYSIS AND NEXT POSSIBLE MOVES!!NYSE:DAR Coin Possible Scalp & Swing Trade Ideas 💡!!
• If price drop b/w 0.105$-0.095$ area then potential Bounce Back expected.. With SL I will Try To Build Quick Scalp On it.
• Before Upgradation if its price drop b/w 0.75$-0.60$ area then i will add it small amount in my long term portfolio for 50%-150% gain.. In next Few Months🫡
Warning : That's jus mine analysis Do Your Own Proper Research Before Taking qny action🚨
Ethereum Fibonacci Retracement SetupThis ethereum setup I use is on the 15 minute chart. The signals are SMA crossovers of the 13/55. And the moving average plots are using Golden Ratio numbers to forecast near term price movements. Lastly I use a sessions indicator to show the New York & Tokyo sessions. As well as a tick value indicator to show me how much the tick value of the futures contract for Ethereum.
Crossover Signals:
Long - SMA 13 > SMA 55
Short - SMA 13 < SMA 55
Golden Ratio Plots (SMA):
111 - White
233 - Red
610 - Green
Timeframe :
15 minute
Alikze »» DOT| Bullish Wave 3 or C Scenario🔍 Technical analysis: Bullish Wave 3 or C Scenario - 1D
📣 BINANCE:DOTUSDT encountered demand on the weekly time frame after a zigzag correction to the $3.70 range, which succeeded in breaking the supply zone.
🟢 In the analyses presented on the 4-hour and 8-hour time frames, Polkadot managed to break out of the congestion after successfully breaking it, which broke the supply zone due to buyer pressure.
🟢 Currently, given the momentum, Polkadot can continue its upward trend to the next supply zone after a pullback to the green box area.
💎In addition, this motivational wave can also touch its historical major ceiling if the second supply zone is broken.
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BNB: BREAKING OUT AND TESTING WEEKLY RESISTANCEBinance Coin BNB/USDT is exhibiting 2 interesting patterns at the moment on weekly timeframe
1. A Breakout and re-test of the weekly resistance (since ATH in May 21 to ATH in Jun 24).
2. Although not a perfect cup and handle pattern, yet if considered one, it shows a thrilling target @ $1000 (which is achievable in upcoming bull run)
Best of Luck!!
Alikze »» ROSE | Bullish Wave 3 or C Scenario - 1D🔍 Technical analysis: Bullish Wave 3 or C Scenario
📣 BINANCE:ROSEUSDT In the daily timeframe, according to the analysis presented earlier, the Rose currency encountered demand after correcting to the 0.23 Fibo area, which continued to grow in accordance with the movement path to the supply area.
🟢 In the daily updates, it was also mentioned that a bullish flag was formed, which had a growth of 74% as much as the flag bar.
🟢 Currently, in the daily timeframe, it has also had a movement cycle to the supply area of 13 cents, considering the current momentum.
💎Therefore, considering the momentum, it can continue to the red box area (supply area) with a pullback to the green box area.
⚠️In addition, if the price enters the LVL Invalidation area, the bullish scenario will be invalidated.⚠️
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Alikze »» GRT | Ascending channel - 8H🔍 Technical analysis: Ascending channel - 8H
- In the analysis presented in the weekly time frame , it was mentioned that an AB=CD pattern has been formed.
- It is moving in an ascending channel in the 8-hour time frame.
💎 In the OB area, it can face the demand again by creating demand and liquidity hunt at the bottom of the channel and continue its growth up to the top of the channel.
- Then I expect it to continue its growth to the supply area to form the third wave or wave C.
⚠️In addition, if the correction extends to the Invalidation LVL range, the bullish scenario in the 8-hour time frame is invalidated and must be reviewed and updated again.⚠️
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BINANCE:GRTUSDT