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DOMINANCE - retesting almost done!The market is experiencing a terrifyingly bearish phase, and the start of the week is concerning. However, everything will be fine soon. We can see this through the dominance chart. On the weekly timeframe, the pattern has broken downward, and a retest is now in progress. This current pressure on altcoins aligns with the dominance chart retesting its breakdown. It’s expected that dominance could rise to a maximum of 61% before altcoins break free from this nightmare and finally deliver the long-awaited profits. Personally, I’m still holding onto my altcoins and strongly advise against selling. Everything will improve in the coming weeks. Altcoins are currently at bargain lows that are worth buying. Best regards Ceciliones🎯
CRYPTOCAP:BTC.DLong
by ceciliones
8
Tradecitypro | HBAR: Momentum, Key Levels, and Future Targets👋 Welcome to Trade City Pro! In this analysis, I’ll be reviewing the HBAR coin, which belongs to the Hedera project. This coin operates in the DeFi and RWA categories and also features a Layer 1 network. 📅 Weekly Timeframe On the weekly timeframe, we observe a powerful bullish leg that began at the 0.04226 level and extended to 0.33994, marking an impressive 700% growth. 🔍 The 0.33994 level serves as a critical resistance, closely aligned with the 0.44075 resistance, creating a highly significant supply zone between these two levels. ✨ Currently, the price has been rejected twice from this area. In my view, this is a healthy development for the bullish trend, as corrections are essential for sustained growth. Considering the 700% surge over a few candlesticks, this pullback likely helps close long positions and strengthens the trend's foundation. 📊 Market volume has also been decreasing during this correction, signaling alignment with the bullish trend. Additionally, the RSI is exiting the overbought zone, paving the way for the price to establish a new structure and potentially resume its upward movement. 🔼 If the 0.44075 resistance is broken, the price could achieve a new all-time high (ATH). To determine specific targets, we need to wait for this resistance to break and use Fibonacci levels based on the recent corrections. 📉 In case of a deeper correction, the 0.13023 level will be the most critical support. This area has shown strong reactions in the past and can act as a solid support during significant pullbacks. The 0.19647 level could also provide support, but the primary level remains 0.13023. 📝 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! ❤️
Long
by tradecitypro
10
Short As long as the Double Top pattern remains intact, the market is likely to continue its downward trajectory, potentially targeting the 75,000 level. This pattern suggests a strong reversal signal, and if the price doesn't break above the neckline, the downside target of 75,000 seems increasingly probable. However, if the Double Top is invalidated and the market breaks above the highs, that would indicate a shift in momentum. Even in that case, I’m still not seeing much upside potential. The FOMO (Fear of Missing Out) seems to have already driven prices higher, and this is often where retail traders get caught—buying into the market at peak levels, just before a potential pullback. Historically, this is when retail traders tend to go wrong, as they buy into the hype and end up holding during the inevitable market drop. Therefore, I continue to advocate for being on the sidelines or even shorting the market against the high that was established when the market touched 108,000. If the market does break the Double Top and pushes higher, the next resistance zone would likely be around the 115,000 level. However, even in that scenario, I expect the price to eventually retrace and drop back towards the 75,000 area, forming a deeper correction.
Short
by Shivkumar600
The week could start red, not not sure it'll lastWeekend triangle pattern formed the 4hr. I expected a Monday breakout to the upside with price action triggering long positions then liquidating them on the way to the GETTEX:97K region. The reverse could also happen. Breakout to the downside, trigger shorts, then at LSE open on Monday, price reversal, liquidating shorts while rallying towards $112k. On the back of Trump signing crypto related executive orders, it might be assumed bullish news. It might have no effect, trigger longs and shorts, liquidate both sides, then trade sideways for the first half of the week. Note to self: 1) Keep your stops tight or (2) sit this one out until direction confirmed (3) run a neutral bot in the meantime.
by ZorosonD
TradeCityPro | AIOZ: Harnessing AI in Crypto's Competitive Arena👋 Welcome to TradeCityPro! In this analysis, I want to review the AIOZ coin for you. This project is one of the AI projects and competes with other numerous AI crypto projects. 📅 Daily Time Frame In the daily timeframe, we are observing a ranging trend that is slightly accompanied by bullish momentum, and there is a possibility of breaking the range ceiling and becoming bullish. 🔍 Currently, the price has started a bullish trend from the low of 0.36363, reaching up to 1.20904, and is now in a correction and rest phase. The correctional range box is between 0.73691 to 1.20904. 📊 The support at 0.73691, which overlaps with the 0.382 Fibonacci correction, has created an important PRZ (Potential Reversal Zone). Currently, for the third time, the support at 0.73691 is being tested, and every time the price reaches this area, a volume of buying enters the market, and this time, as we are seeing today, a significant amount of buying volume has entered. ✨ The RSI oscillator currently does not have a specific trigger, and we need to wait until the price breaks one of the important areas. If the support at 0.73691 is broken, the RSI trigger would be breaking below 30, and if 1.20904 is breached, the trigger for this oscillator would be breaking above 70 and entering the Overbuy zone. 📉 If the support at 0.73691 is broken, the next supports are the 0.5 and 0.618 Fibonacci areas, with the 0.618 zone overlapping at 0.55669, which makes this area more significant. If this area is breached, it can be said that the bullish momentum is completely lost, and the price could move towards 0.36363. 🔼 The main support is at 0.36363, which is very important, and if this level is broken, it confirms a trend change. On the other hand, if 1.20904 is broken, it confirms the trend turning bullish, and we could witness the next bullish leg. 📝 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! ❤️
Long
by tradecitypro
9
Bitcoin Advisory Report Date: January 26, 2025Bitcoin Advisory Report Date: January 26, 2025 Prepared for: Investors and Traders ________________________________________ Current Market Overview Bitcoin (BTC/USD) is trading within a tight consolidation range between $106,250 and $103,600, signalling an indecisive market phase. A breakout beyond this range will determine the next directional move. • Median Level Support: $100,000 continues to act as a minor support zone, absorbing selling pressure. • Major Support Level: $75,000 provides a strong foundational level for Bitcoin, expected to prevent deep sell-offs. • Major Resistance Level: $125,000 remains a significant barrier for bullish momentum. ________________________________________ Technical Analysis Key Observations: 1. Consolidation Channel: o Bitcoin is currently oscillating within a defined range of $106,250 (resistance) and $103,600 (support). o A breakout above $106,250 could lead to a bullish rally toward $108,000 in the short term. 2. Momentum Support Levels: o Protecting the $104,500 level is critical to maintain bullish momentum for an upward move. o Failure to hold $104,500 may result in a retest of $103,600 or lower levels. 3. EMA and VWAP: o The exponential moving averages (EMAs) suggest mixed momentum. The EMA 8 crossing VWAP indicates possible short-term buying pressure if sustained. 4. Volume Analysis: o The current trading volume is relatively low, which suggests that market participants are awaiting confirmation of a breakout. A rise in volume will be a key indicator of a decisive move. 5. Short-Term Target: o Based on momentum indicators, if Bitcoin holds $104,500, an upward rally toward $108,000 could be realized by Monday, January 27, 2025. ________________________________________ Fundamental Points 1. Market Sentiment: o Positive institutional adoption and Bitcoin ETFs have bolstered long-term investor confidence. o Macroeconomic factors, such as stable interest rates, are supporting risk-on assets like cryptocurrencies. 2. Regulatory Climate: o Globally, regulatory acceptance for digital assets is increasing, especially with developments in Bitcoin's use in remittance systems. 3. Supply Dynamics: o Bitcoin's limited supply (halving effects) continues to serve as a bullish catalyst over the medium to long term. 4. Global Economic Factors: o Inflation concerns have driven investors toward Bitcoin as a hedge, reinforcing its status as digital gold. ________________________________________ Recommendation Buy Scenario: • Enter a buy position if Bitcoin decisively breaks $106,250, targeting $108,000 initially, with a stop-loss set at $104,500. • Consider scaling into positions if price momentum continues upward toward $110,000. Sell Scenario: • Consider a short position if Bitcoin breaks $103,600, targeting $101,000, with a stop-loss set at $104,500. • Prepare for further downside risk toward $100,000 (minor support) and possibly $75,000 (major support) if selling intensifies. ________________________________________ Conclusion Bitcoin is at a pivotal technical juncture, with the $106,250 to $103,600 range holding the key to short-term price direction. Protecting $104,500 is crucial for bullish momentum, with upside potential toward $108,000. Conversely, failure to maintain support at $103,600 could lead to a bearish retest of lower levels. Investors should watch for volume spikes and breakout confirmations to make informed decisions. ________________________________________
COINBASE:BTCUSDLong
by mmkhan2076
TradeCityPro | Navigating NEXO's Financial Waters👋 Welcome to TradeCityPro! In this analysis, I want to discuss the NEXO coin for you. The NEXO project is a payment platform. This coin has always had issues with the US government and has been involved in several legal cases, but now, with Trump as president, it's experiencing a more relaxed environment. 📅 Weekly Timeframe In the weekly timeframe, we are witnessing an upward trend that started from a low of $0.521 and has managed to reach $1.523 with high buying volume and upward momentum. 🔍 After reaching the $1.523 area, a correction phase started, and the price dropped to $0.923, forming a range box between $0.923 and $1.523. 🔼 Considering the size of the candles, price behavior, and volume, it seems that buyers have been stronger than sellers in this range because they have managed to test the resistance at $1.523 three times, weakening this area with each attempt. ✨ Currently, the price is moving toward this resistance again. Given the high market momentum and key indices like TOTAL, this coin could also see significant momentum if it aligns with these indices, potentially breaking this resistance. 🚀 If the $1.523 resistance is broken, the price targets are around the Fibonacci Extension levels of 1 and 1.618, which approximately align with the $2.6 and $4.9 areas. 💵 Regarding market cap, the current price has a market cap of $900 million. Given this market cap, the potential to reach these targets could increase. 📉 In case of a correction, the first significant area is $0.923. A break below this area could signal a trend change. A break below 50 in the RSI could also indicate a trend change. 📅 Daily Timeframe In the daily timeframe, we can see more details of the price movement within the box. As observed, the price in its last upward move has managed to move toward the $1.542 resistance after breaking the previous high of $1.065. 👀 After reaching $1.542 and the peak of buying volume, a price correction began with decreasing volume, correcting down to the 0.5 Fibonacci level. This area is also an important support zone, and the price has reacted to this zone, now moving back toward the $1.542 resistance. ⚡️ Currently, breaking the 60.23 level in the RSI could be very crucial. If this area is breached, considering the momentum entering the market, the likelihood of breaking $1.542 increases. 📈 The best long trigger currently is at $1.542. If the price stabilizes above this area, we can expect an upward price movement. 💥 On the other hand, if selling volume enters the market and we see large red candles, more significant corrections are possible, and the price could drop at least to the previous low of $1.212, the 0.5 Fibonacci area. 💫 In case of a deeper correction, the next support areas are the 0.618 Fibonacci level ($1.144), $1.065, and $0.0950. If the RSI breaks below 50, we can expect a confirmation of a downward momentum, making it a risky move to anticipate further price drops without solid triggers. 📝 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! ❤️
Long
by tradecitypro
11
Trump's coin impact!The recent surge of Trump Coin highlights how sudden market movements can disrupt price patterns and influence trading behavior across the broader cryptocurrency market. The rapid rise of Trump Coin, which soared by over 600%, sparked a wave of euphoria and speculation, drawing attention away from other cryptocurrencies and creating a ripple effect that reshaped market dynamics. The Trump Coin Phenomenon Trump Coin's explosive price increase captivated both traders and investors, significantly shifting market focus. This wasn’t just a temporary spike, but an event with lasting consequences that drained liquidity and trading volume from other coins, concentrating interest on Trump Coin. Impact on Other Cryptocurrencies As Trump Coin gained traction, the wider market began to stagnate, with overall market indicators like TOTAL (representing total market capitalization) and TOTAL2 (excluding Bitcoin) showing little movement. This period of stagnation reflected a lack of fresh capital flowing into other cryptocurrencies, as most traders redirected their focus to the Trump Coin rally. The following consequences were observed: [/b ]Liquidity Drain: As attention turned to Trump Coin, many altcoins saw a significant drop in trading volume, resulting in price stagnation and periodic sell-offs. Market Dump: Investors exiting their positions in other cryptocurrencies to join the Trump Coin rally contributed to temporary market dumps, amplifying the broader consolidation phase. Psychological Shift: The excitement surrounding Trump Coin led to a more cautious "wait-and-see" mentality among traders, reducing overall market volatility as fewer positions were opened. Consolidation Phase In the wake of Trump Coin's rapid rise, other cryptocurrencies entered a consolidation phase, a common occurrence when the market experiences a lull or imbalance. This phase reflects a market seeking stability before the next significant movement, with many investors holding back as they await further developments.
by melikatrader94
12
Alikze »» INJ | Bullish Diamond Pattern - 1D🔍 Technical analysis: Bullish Diamond Pattern on Daily Timeframe, Sideway Price Movement 📣 BINANCE:INJUSDT In the analysis presented in the 12-hour timeframe , it was noted that the INJ currency is moving in an ascending channel. 🟢 After reaching the $25 area, the price corrected, which extended to the green box area, and then in the green box area, with demand, the price advanced to the supply area. 🟢 Currently, in the daily timeframe, the price corrected with a zigzag correction to the Fibonacci 1.618 area after reaching the supply area and the ceiling of the ascending channel. 💎 After that, the price had a sideways movement and has now formed an ascending diamond pattern. 💎 Therefore, we expect the price to continue its growth again in accordance with the movement path to the supply area before the $35 area. 🔔It should also be noted that if the price breaks the Fibonacci 1.618 area, the bullish scenario will be invalid and must be reviewed and updated again. »»»«««»»»«««»»»««« Please support this idea 💡 with a LIKE 👍 and COMMENT 💬 if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email 📧 in the future. Thanks for your continued support.🙏 Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
BTC, long or short? It could go either wayTriangle pattern on the Daily. Clearer on the 4hr. A bit choppy on the 1hr, 45 and 15min as would be expected. Pretty much respects 0.236 and 0.785, and more recently 0.5 and 0.618 Fib levels. I’m expecting an early morning breakout to the upside at the start of the week with $109k in sight. Chances are, if enough retail think it’s breaking out to the upside, price will probably flush out shorts with a strong wick up then liquidate longs on the way to $97,2k region. On the back of Trump signing crypto related executive orders, it might be assumed bullish news for the of N.Y open, but this is as much psychology as it is TA and FA. Keep your stops tight or sit this one out?
BITSTAMP:BTCUSD
by ZorosonD