Daily Analysis of Bitcoin – Issue 244The analyst believes that the price of { BTCUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Cryptomarket
AIXBT - no sign of slowing downI have been waiting for the price to pull back, but there seems to be no sign of slowing down.
Momentum indicators in Daily chart are overbought territory, but MAC lines are getting wider and wider which makes me think it will continue to go up. Stochastic and RSI in 4H came down to 50 zone and and rolling back up again. I started buying the tokens from $0.27 level in stages. I just bought more at $0.60 because stochastic and RSI in 4H are signalling there is another upside move coming. I will start taking profit in stages when momentum indicators start to show clear negative divergence in 4H and /or Daily chart.
Coin98 (C98)💎 C98/USDT Technical Analysis
🔍 Overview
C98 remains in a long-term downtrend, but there are signs of a potential reversal at key levels. Given its low market cap, it is categorized as a high-risk asset. Therefore, risk management is crucial in this analysis.
🛠 Key Price Zones
🔴 Daily Support Zone (Red):
Range: $0.1429 - $0.1558
This is the first major support level where the price has paused. A decline in selling volume indicates reduced selling pressure in this area.
⚫ Weekly Support Zone (Gray):
Range: $0.0902 - $0.1128
If the red zone fails, this level could act as the next support.
🟢 PRZ (Key Resistance Zone):
This area combines the weekly resistance and the upper boundary of the descending channel. A breakout above this resistance could signal further bullish momentum.
🎯 Suggested Price Targets (TP):
1️⃣ Fibonacci 1.272: $0.5885 - $0.6916
2️⃣ Fibonacci 1.618: $0.9670 - $1.1942
3️⃣ Fibonacci 2.272: $2.1402 - $2.5903
📉 Risk Management (Stop Loss):
Recommended Stop Loss: Below the weekly support zone (Gray), i.e., below $0.0902.
🔔 Confirmation Signals for Entry
1️⃣ Volume Increase:
A surge in volume near resistance levels, especially during a breakout, could indicate the beginning of a bullish trend.
2️⃣ RSI Indicator:
RSI entering the Overbought Zone may signal strong buying momentum.
💡 Proposed Trading Strategy
Entry Points:
1️⃣ First Entry: In the red zone ($0.1429 - $0.1558).
2️⃣ Second Entry: In the gray zone ($0.0902 - $0.1128) if the first support is breached.
Profit-Taking Strategy (Scaling Out):
1️⃣ First Target: $0.5885
2️⃣ Second Target: $0.9670
3️⃣ Third Target: $2.1402
Capital Allocation:
Allocate only 2-5% of your total capital to this trade.
Ensure you set up a Stop Loss to mitigate risks.
🌍 Market Sentiment
Given the current market conditions and low trading volumes, it’s essential to adopt a conservative risk approach. Improved market sentiment could accelerate price recovery.
✨ Final Thoughts
C98 is currently positioned in a critical zone. Entering a trade should be accompanied by meticulous risk management. A breakout of the key resistance levels could lead to significant upside potential.
Avoid hasty decisions, and always consider additional analyses before acting.
🔗 Investment Disclaimer:
This analysis is for educational purposes only. The final responsibility for any investment decisions rests with you.
RAY ANALYSIS📊 #RAY Analysis
✅There is a formation of Descending triangle pattern on 8hr chart with a breakout 🧐
Pattern signals potential bullish movement incoming after a consolidation
👀Current Price: $5.366
🚀 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
Alt Season: The Calm Before the Storm?Hi fellow traders, Crypto21Official here! 🚀
After a strong impulse in the crypto market, we’ve had a teaser of what could be an alt season. The crypto market cap chart (excluding the top 10) showed a beautiful surge to $450 billion, a key level that marked the recent high.
Since then, we’ve retraced around 27%, and the downtrend appears to be losing momentum. Right now, we’re dipping into a key buy zone, where I’ve marked a potential double-bottom pattern. If confirmed, this could signal a bullish reversal and set the stage for further growth.
On the Bitcoin Dominance (BTC.D) chart, we still see room for dominance to rise slightly before a healthy decline could pave the way for a full-blown alt season. Historically, such patterns have preceded explosive altcoin growth.
Why Could January Be a Game-Changer?
Tax-Loss Harvesting Rebound: As the year ends, investors often sell assets to optimize for tax benefits. By January, these funds tend to flow back into the market, sparking renewed interest.
U.S. Election Cycle Momentum: Political developments surrounding the U.S. election cycle could act as a macro catalyst, influencing risk-on markets like crypto.
Historical Patterns: As we’ve seen before:
Bitcoin typically leads the market with a strong rally.
Altcoins dip or consolidate.
Then, altcoins blast off, following Bitcoin’s momentum. 🚀
My Take
I remain bullish, expecting January to be a pivotal month for Bitcoin, which could open the floodgates for altcoins to follow. History doesn’t repeat itself, but it often rhymes. Let’s see if the market plays along. 🌕
What are your thoughts? Are we on the brink of something big? Let me know below! 👇
Levont - BTC/USD Analysis: Testing Key Resistance ZoneBTC/USD Analysis (Daily Chart - D1)
Price Structure:
- Bitcoin is currently trading at $96,884 , approaching a key resistance zone between $98,000 and $100,000 . This area has historically acted as a significant rejection point, as seen in previous candles with long upper wicks around this region.
- The chart shows a clear rebound from the support zone around $90,000-$92,000 , where buyers stepped in strongly to prevent further declines. This movement validates the support as a critical level.
- Overall, the structure presents a consolidation pattern within a broad range between $90,000 (support) and $100,000 (resistance) .
Potential Scenarios:
1.Bullish Scenario:
- If the price successfully breaks above the $100,000 resistance (confirmed by a strong daily close above this level), we could see a move toward higher levels such as $102,000-$104,000 , or even beyond.
- An increase in volume during the breakout would be key to validating this scenario.
2.Bearish Scenario:
- If the price fails to break the resistance and shows rejection through candles with long upper wicks or bearish patterns (e.g., shooting stars), we could expect a correction toward immediate support at $94,000 , or even a more pronounced drop toward recent lows at $90,000 .
Key Indicators:
- Volume : Currently low, suggesting indecision in the market. A significant breakout will require notable volume expansion.
- Candles: Recent candles show solid bullish bodies, but the next sessions will be crucial to confirm whether buyers have enough strength to challenge the resistance.
🔑 Key Levels:
- Resistance: $98,000 - $100,000
- Support: $94,000 and $90,000
🌍 BTC/USD Fundamental Analysis
Positive Factors:
1. Institutional Adoption:
- Companies like MicroStrategy continue accumulating Bitcoin. Their recent massive purchase reinforces the long-term bullish narrative.
- Institutional interest remains strong as Bitcoin solidifies its position as an alternative asset against inflation and global economic uncertainty.
2. Favorable Regulation:
- In the U.S., there are expectations of clearer and more favorable crypto policies under the current administration. This could attract new capital flows into the market.
3. Seasonal Trends:
- Historically, January has been a positive month for Bitcoin. Investors often reset their strategies after year-end tax-related sell-offs.
Negative Factors/Risks:
1. Token Unlocks:
- January is expected to see massive token unlocks across various crypto projects (approximately $7 billion in value). This could indirectly create selling pressure on Bitcoin as investors seek liquidity.
2. Global Monetary Policy:
- The hawkish stance of central banks (e.g., the Federal Reserve) could limit flows into speculative assets like Bitcoin if interest rates continue rising.
3. On-Chain Activity:
- While long-term holders are accumulating, on-chain data shows a decline in overall transaction activity. This could indicate reduced interest from retail participants.
Crypto Alpha Report - January 02, 2025Happy Thursday, friends. Today, I want to reflect on opportunity costs and the risks of being spread too thin.
Regarding investing, almost all traditional education preaches the value of a ‘diversified portfolio.’ While that is a fantastic concept, if you’ve already made it with millions in the bank, the actual reality is that most of us are still grinding to get there.
For those of us who haven’t ‘made it,’ diversification can protect wealth, but it will not rapidly grow it. This is also true in trading, but the implications of a ‘diversified approach’ in trading is even more dangerous, particularly in crypto.
The reality is many of us overestimate our capabilities and underestimate the time it will take to do something. Preparing a strategy takes time. Scanning the markets and researching new projects takes time.
And for every different sector in crypto, for every new hype cycle, there is a new meta, a new alpha, new skills to learn, new strategies to develop, and new tools to learn how to use.
A year ago, I had never even heard of GMGN, and didn’t track social metrics as a key part of my memecoin strategy - now it’s something I do every day.
You must guard your time and focus because a million things are vying for your attention daily. The risk of trying to learn too many things is that you become spread too thin, mediocre at many things, but not truly great at one thing that can exponentially increase your wealth.
The same is true for your investments; spread yourself too thin, and you’ll get the average return of the market instead of the punctuated gains you seek. You’ll also drive yourself crazy trying to keep up with all those positions daily.
I find 5-10 active positions are what I can effectively manage. More than that, I start to lose focus, and I see a feeling of anxiety creeping in. I feel most powerful and effective when they’re on the lower end of that range.
In summary, you only have so much time in the day. Don’t underestimate how difficult and time-consuming it can be to get competent in a new skill. Don’t underestimate how much mental effort it takes to manage multiple positions. Keep things simple, limit your number of positions, wait for the right opportunities to come to you, and bet big on them with sound risk management.
Market Update
Stablecoin Dominance
This metric fell by -2.28% today. Not a lower low, but three significant days of moving down, which favors our risk-on assets.
Bitcoin + Stablecoin Dominance
We are putting in a Lower Low today, but we are showing some upside pressure as we move into the Daily Close. Tentatively bullish for a continuation of altcoins.
Altcoin Performance Relative to Bitcoin
Went for a breakout today, but so far, it has failed. Selling pressure on alts is coming this evening as we head into Daily Close. It's still tentatively bullish for altcoin continuation.
Bitcoin
Trends
5M: Neutral
30M: Bullish
1H: Bullish
4H: Bearish
D: Bullish
Bitcoin has put in a nice movement off its lows of $92,000, rallying to almost $98,000. While a good start, Bitcoin faces stiff resistance and volatility, which has increased dramatically in the short term. This is the first Bull Trap area, and Bitcoin needs to hold above $94-$95K on any pullback, or we risk a movement below $90,000.
Key Levels
POC: $93,640
VWAP: $96,422
Value Area High: $97,412 - $98,995
Value Area Low: $95,433 - $94,482
Strategy
Bitcoin faces its first wave of significant distribution as we approach $98,000. This is the first strong uptrend we’ve seen in Bitcoin for a while, and it has not reversed yet, but it is hinting at it. Strong buys have stepped in between $96,200 to $96,800. If Bitcoin loses short-term momentum overnight, then it is critical that we put in a Higher Low above $93,000. Trading lower than $93,000 marks this as a bull trap and essentially confirms that we will experience a Lower Low in Bitcoin’s price rather than a bullish two weeks.
For now, continue to hold longs opened up below $95,000. For new long positions, I would strictly manage risk at $96,000.
XRP consolidating before next move?Let’s dive into what’s happening with COINBASE:XRPUSD right now and why this could be an exciting moment! Here's what I’m seeing:
🔍 Key Levels on the Chart:
The price has recently consolidated within the Golden Zone (based on Fibonacci retracement) from $2.70 down to $1.95.
Before this, XRP consolidated in the previous Golden Zone created from the $1.30 to $2.90 move before taking off.
🔥 What This Means:
Golden Zones often act as strong support/resistance levels, and price action is currently respecting these areas! This consolidation in the current zone suggests that XRP is gearing up for its next potential move.
📊 Indicators to Watch:
RSI: Mid-range, giving plenty of room for an upward move.
MACD: Momentum is starting to shift upward, showing potential for a bullish breakout.
Stochastics: Hovering at mid-levels, hinting at a possible bounce.
🚦 Key Levels to Break:
To confirm another leg up, XRP needs to break above the $2.40–$2.45 area with strong volume. If it does, we could see the next big run!
⚠️ What to Watch Out For:
If the price fails to hold within this Golden Zone, it could test lower levels. Always manage your risk and use stop-losses!
💡 My Take:
The consolidation in the Golden Zone is a bullish sign, but confirmation is key. Let’s see if XRP has the momentum to break out and make another run.
What are your thoughts? Let’s discuss in the comments! 👇
The breakdown in USDT.DThe breakdown in USDT dominance (USDT.D) suggests a potential market sentiment shift favoring altcoins. A declining USDT typically indicates money flowing out of stablecoins like USDT and into riskier assets, including altcoins. With the bearish breakout targeting 3.71%, this could signal increased buying interest in altcoins as investors move capital into the broader crypto market. However, traders should monitor key support levels for confirmation and watch for potential reversals in USD that could impact altcoin momentum.
Bitcoin - It Will Reach $100.000!Bitcoin ( BITSTAMP:BTCUSD ) will break out soon:
Click chart above to see the detailed analysis👆🏻
Everything, and I literally mean everything, is bullish on Bitcoin. The previous cycles, timeframes, market structure and price action are all pointing towards the continuation of the bull run which started in 2023. And a breakout above the all time high, is the next trigger.
Levels to watch: $70.000, $100.000
Keep your long term vision,
Philip (BasicTrading)
Key Support Holds: USUAL/USDT Eyes a Bullish Breakout USUAL/USDT pair is showing a strong rebound from the key support zone, suggesting a successful retest of the breakout levels. However, the price is currently facing rejection from the descending, narrow resistance zone.
Based on the current setup, we predict a breakout from this zone, potentially leading to further bullish momentum in the coming sessions.
Crypto Market to Hit $5 Trillion in 2025?The crypto market added an astonishing $1.58 trillion in 2024, and projections for 2025 are even more bullish, with a potential market cap of $5 trillion. While most altcoins are still down over 50%, the next altcoin rally could be the catalyst for explosive growth. Institutional investors are also predicting Bitcoin to hit $150K, further fueling market optimism.
The combination of increasing adoption, institutional interest, and potential altcoin recovery makes this goal achievable. Prepare for the next big wave by identifying undervalued projects and managing your risk effectively. 2025 could be the year of exponential growth—stay ahead of the curve!
Daily Analysis of GBP to USD – Issue 181The analyst believes that the price of { GBPUSD } will decrease in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Dominance analysis of CryptoCRYPTOCAP:BTC.D #BTC .D
CRYPTOCAP:TOTAL #TOTAL3
From the generalization of the altcoin chart and the Bitcoin dominance chart, we can see that the altcoin pump is imminent.
Just have to wait for the dominance bit to complete its pullback to the broken uptrend.
Altcoins may be on the lookout until the pullback is complete.
A little patience, dawn is near.
⚠️ Disclaimer:
This is not financial advice. Always manage your risks and trade responsibly.
👉 Follow me for daily updates,
💬 Comment and like to share your thoughts,
📌 And check the link in my bio for even more resources!
Let’s navigate the markets together—join the journey today! 💹✨
Fartcoin - Fart is going to blast off The price has been consolidating since 21st Dec. Since 25th Dec, the price had been consolidating in the descending wedge pattern. It broke above it, retested, the top descending trendline and bounced back up. Now, the price is about to break previously week high. All momentum indicators in 4H and Daily are signalling the price to move up. ai16Z and Virtualprotocol both had the very similar set up in Daily chart before they had a parabolic leg up.
I think it is a good place to go long.
The profit target for me is $2. I don't trade with leverage.
Scoutly AI (SCOUT) - BullishScoutly AI is Solana blockchain project that offers AI sports betting analysis. A lot of micro cap crypto projects usually hit ATH and retraces substantially (80%). I wait for momentum indicators (MACD, RSI, and Stochastic) to go into oversold territory and come back to the bull territory to see if the project will survive (battle tested). Scoutly AI just completed the major correction and and price is strongly boucing up. This is not a meme coin, but it is a project that has a real use case and their betting analysis is at this stage about 80%. So fundamentals are good as well. in 4 H chart, MACD, Stochastic and RSI all crossed and entered the bull territory (above 0 for MACD, above 50 for others). 0.01 region is a good area of entry. For crypto small caps, I usually buy underlying asset, so I don't have specific stop loss and profit target. I will take profit in stages when momentum indicators in 4H chart start to show clear negative divergence.
PHB ANALYSIS🔮 #PHB Analysis
💲💲 #PHB is trading in a Symmetrical Triangle Pattern. If the price of #PHB breaks and sustain the higher price then will see a pump. Also there is an instant strong support zone. We may see a retest towards the support zone first and then a reversal📈
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀
#PHB #Cryptocurrency #Support #Resistance #DYOR
Bitcoin Analysis (1 hour time frame)According to my personal analysis I observes a clever bearish trend here.
Read for more details
Note: This post is for educational purpose only. I am not a certified trader or a financial advisor
1. Key Observations on the Chart
Resistance Zone:
The price is near $95,300, which is a resistance level (red zone). The chart shows that the price is struggling to go above this level. This often indicates that sellers are stronger than buyers at this point.
Support Zones:
Below the current price, there are green zones that represent support levels. These are areas where the price may stop falling if it moves downward because buyers may step in.
Indicators:
The Exponential Moving Averages (EMA) (blue and yellow lines) are currently below the price, showing that the market is still bullish for now.
The CCI (Commodity Channel Index) at the bottom of the chart is coming down from a high level, which could mean that the buying pressure is reducing.
---
2. What Does This Mean?
If the price fails to break above $95,300 (the red zone), it is likely to go down toward the green zones (support levels).
The red arrows drawn on the chart suggest the expectation of a bearish movement (price falling) toward the lower green zones if resistance holds.
---
3. Possible Scenarios
Scenario 1: Bearish Trend (Price Falls)
The price fails to break the resistance ($95,300).
It starts to move downward toward the first support zone around $94,400–$94,300.
If this level is broken, the price could fall further to the second support zone near $93,000.
Scenario 2: Bullish Trend (Price Rises)
If the price breaks above the resistance at $95,300 and stays above it, the market might continue upward toward $96,000 or higher.
---
4. What to Watch For?
Price Behavior Around $95,300:
If the price forms long wicks (indicating rejection) or red candles, it’s likely to fall.
If the price closes strongly above this level, it might continue upward.
Support Zones:
Watch if the price holds or breaks the support levels below ($94,400 and $93,000).
---
Conclusion
The chart currently suggests a bearish possibility because:
1. The price is facing resistance.
2. Momentum (CCI) is reducing.
3. The drawn arrows show an expected downward move.
However, you should wait for confirmation from the next price movements before making any decisions.
Bitcoin Testing a Difficult LevelJust two days ago, we were bullish in the short term at GETTEX:92K , identifying it as a solid support level. Since then, BTC has risen nearly 4%, but now it’s time to exercise caution.
Here’s why:
• Bitcoin is currently hitting the 50-day moving average and the Bollinger Bands, which are acting as resistance.
• This level previously served as a support line four times and has now become a resistance line three times.
While I don’t believe this is an insurmountable barrier for BTC, it may be too early for the price to break through this level decisively.
Considering the liquidity shortage following the Santa Rally and volume levels that are average or below, I anticipate a short-term downside. A small short position might make sense for a limited timeframe (up to a day).
That said, shorting isn’t my preferred strategy, and I recommend caution. Personally, I’m staying out of this trade for now, and I suggest you do the same unless you’re confident in your analysis and being ready to bet against the whole crypto community.
Let’s wait for a retest.
Yours sincerely,
Mister iM
Crypto Market analysis - Total 2TOTAL2 has been a very reliable chart to base the bull runs on. We're looking at it now to see where we could potentially reverse. For this chart to be bearish, we would have to take out the low at 850 billion. As long as we put a higher low above that, the chart will remain bullish in the longer term.
Between August and November, we went through an accumulation phase, where we put consecutive higher lows after completing a bullish harmonic. We can also see that from the low to the first higher low, before breaking out of the exponential down curve, we retraced a perfect 0.786, which is very typical of a wave 2 retracement. If you then take the Fibonacci extension levels from the high to the low, we hit a perfect 4.618 extension, which is uncommon but very possible for a wave 3 extension. This would currently put us in a wave 4 correction.
We have retraced and have today cut through the 0.382 retracement level and are sitting at the 1.26 support. However, this isn't a reliable support, as it only acted as resistance in the past and has never been held as support. We could, therefore, expect to go lower, and the next level would be the 0.5 retracement level at 1.21 trillion.
For a wave 4, it is common to retrace between the 0.5 and 0.618, and the 0.618 is around 1.11 trillion, which is where the next zone of support sits. I would, therefore, find it possible, if not probable, to retrace all the way down to the 0.618 at 1.11 trillion dollars and accumulate within that zone of support before the next substantial rally.
The next substantial rally will hopefully bring us to all-time highs, but it does not necessarily have to do that. We could retrace and put in another lower high, which would, at that point, confirm distribution and likely indicate a mid-to-long-term pause in the bull market, if not a reversal into a bear market. Until this happens, or we take out the low at 850, we remain bullish.
The last points to consider are that we didn't distribute at the highs and didn't have a major liquidation event, this suggests that these assets will revisit the highs or have deep retraces into them. We are also developing bullish divergence which will mature as long as we stay above 850 b. For that reason, we are not selling anything at these prices.
Conclusion
Analyze prices carefully around these levels:
The current support at 1.26.
The next support at 1.11 trillion.
Look for TOTAL2 to showcase bullish accumulation or reversal.
Once TOTAL2 signals its direction, focus on individual assets that align with the macro trend.
Updates on specific positions will follow.