Potential bullish rise?The Bitcoin (BTC/USD) is falling towards the pivot and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 103.100.42
1st Support: 100,108.50
1st Resistance: 107,850.01
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Cryptos
Bitcoin at the END of January? BEARISH TREND #BTC 1-26-25What to Expect from Bitcoin at END of January? As of today all crypto market started BEARISH Reversal Trend. All positive crypto news did not help crypto move more bullish, it means all crypto turned to Bearish Trend.
#BTCUSD #BCHUSD #ETHUSD #ETCUSD #ADAUSD #TONUSD #SOLUSD
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Potential bullish bounce?The Ethereum (ETH/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 2,928.97
1st Support: 2,347.98
1st Resistance: 3,539.16
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
BITCOIN CYCLE CONCEPT, FIB ORBIT & TIME-ZONEBTC CYCLICAL pattern
1 Complete Cycle = 5 UP (green sine-wave) + 3 DOWN (red sinewave)
24 Jan 2025,
BTC entering Fib extension 0.618 (purple). Fib Circle orbit approaching 5.385 extension.
Expect 5 UP green wave to complete around jul-sept 2025 marked by red X-marks whereas Fib time-zone extension of 1.272 coincides with top of green sine-wave 5
Sine-wave cycle study was credited to Lars von Thienen at FSC
ALTcoins Have Still Space For More GainsHello Crypto traders!
Crypto market remains nicely bullish as expected and if we take a look at OTHERS Crypto market cap chart, which excludes top 10 cryptocurrencies, it's looking for a bullish break into a 5th wave out of wave (4) bullish triangle pattern that can send the price into all-time highs and 500B area. Bullish confirmation is above upper triangle line and 400B area.
So, with current risk-on sentiment and while stocks have space for more upside, still watch out for more gains in the Crypto market once current consolidation fully unfolds, especially if we consider USDollar weakness.
Total market cap The mega bull process started after the US presidential elections, at the end of 700 days from the December 2018 bottom confirmation of the total market cap (november 2020).
The 700-day pattern will be completed in October 2024, starting from the lower confirmation in November 2022, and the mega bull process may begin after the US presidential elections in November 2024.
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ADAUSD What does SeekingPips think? ADA Key PRICE what about TIMAs you know my now SeekingPips often consider TIME more important than PRICE when analysing any TIME and PRICE chart.
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Tesla Is Driving Bitcoin Price HigherWe talked about a strong positive correlation between Tesla and Bitcoin in the past and now that Tesla is extending strongly higher, Bitcoin is following, of course. Both of them slowed down recently, but notice that Tesla made only a three-wave ABC corrective decline in wave (4) that can now resume its bullish trend for wave (5), so Bitcoin could follow sooner or later.
Basic Impulsive Bullish Pattern should be made by five waves. It shows that Tesla and Bitcoin could be trading in wave (4) correction before a continuation higher for wave (5).
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This currency has been able to attract the attention of buyers with its good growth.
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Could the Bitcoin drop from here?The price is reacting off the pivot which acts as a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop to the 1st support.
Pivot: 3,718.97
1st Support: 3,524.81
1st Resistance: 3,834.79
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Ripple Is Still Eyeing All-Time HighsRipple is in strong and impulsive rise after we spotted a bullish break out of a larger weekly bullish triangle pattern. It's actually already at 2.9 area and there can be easily space up to 3.3 all-time highs area. Looking at the 4-hour time frame, we saw a nice extension higher within wave (3), so after current wave (4) correction that can be completed as a nice and clean A-B-C flag pattern with textbook support from 2021 highs, be aware of another push to the upside for (5).
Just in case if Ripple stay sideways for a longer period of time, then we might even consider a bullish triangle pattern in wave (4), but sooner or later we can expect further rally within wave (5) towards all-time highs area.
Why XRP Is higher?
The reason for this push higher on ripple, which has been outperforming in the last few weeks, is the upcoming launch of Ripple USD (RLUSD). Ripple USD (RLUSD) is a new stablecoin aimed at bridging blockchain and traditional finance. "Designed for enterprise use, RLUSD focuses on stability, efficiency, and transparency, enhancing Ripple’s cross-border payments and meeting the demand for USD transactions".
Hurry Up & Wait! ● Is XRP ready to break out?It was a nice ride for those involved from the most recent lows printed on 30-31 December, however price still needs to break out of this channel if it is to get that massive next leg higher.
Until then we are still waiting for the breakout.
No need to rush we are here for the long run.