Bitcoin Technical Analysis
Bitcoin is currently fluctuating between $91,334 and $106,490, with a strong resistance observed at $106,490. Using the Trend-Based Fibonacci tool, the key levels to watch after a breakout are:
Fib 0.618
Fib 1
Fib 1.618
In case of a decline, the most critical support levels are $91,334 and $86,690. If these levels are lost, a further drop to $73,000 is possible.
Fibonacci
Bitcoin: Bullish Flag Breakout Targeting $136kThe BTC price is trading above the key moving averages, EMA 50 and EMA 200, signaling a strong long-term bullish trend. Additionally, the "flag" pattern, typically indicating trend continuation, has been broken to the upside. EMA 9/21 further confirm short-term bullish momentum, adding confidence to the price movement.
Trading volume suggests that major players (so-called "whales") may have manipulated the market by selling large volumes to temporarily push the price down, allowing them to buy at lower levels. This is a classic signal for potential further price growth.
The next target for this bullish move is the $136,000 level. However, it’s important to consider the risks: if the price falls back below the EMA 50, it could signal a potential trend reversal.
What do you think—will BTC hit this target in the near future? Share your thoughts and analysis in the comments below! CRYPTO:BTCBUSD 🚀
US30, break and possible retestWith price bouncing within the support and resistance, there is clearly a break. Now that it "peaked", I expect a retrace back to previous resistance, before price pushes up. It falls within the .382 and .618 range with my FIB. It falls within a previously tested zone.
Magic Eden - Double Bottom - breaking downtrendMagic Eden looks to have carved out a double bottom around the $2.30-2.40 area.
It is also in a very large falling wedge.
We appear to be breaking out from the downtrend of that falling wedge as we speak.
We need to establish support above the demand zone S/R of $3.26.
From there we would need to attack the $4.00-$5.00 area and establish it as support.
If we can do that, I could maybe see Magic Eden hitting $24.00-$30.00 for the latter part of this bull market.
Thank you, and best of luck in your trading and investing!
BTC BUY IDEALooking for BTC to complete a confluence play here at retest 108k area. I believe a Long is like here for a few different reasons. The first on being as mentioned before, the confluence, last time we were are these price levels we ran to $108k+. So I believe confluence is likely here. Next reason being the pending orders. Naturally since the previous high there are some pending long orders to be activated and generally speaking the “institutions” would benefit from orders activating..
Adidias - more downside awaiting (?)I chose to present the chart as log scale to show more clearly the sub-waves of the white impulse count. Without that the impulsive structure of the waves wouldn´t be easy to see.
My main scenario is that Adidas will become cheaper in the foreseeable future as market price broke the structure indicated by going below the white "IV".
Also, the current uptrend on the weekly doesn´t look bullish at all as it is lacking impulsive price behaviour.
The indicators also suggest that the stock topped a while ago and we can see a bearish cross on the MACD and different kinds of divergences on the RSI.
My alternative suggests that the wave V is not finished. (light blue count) However, I do not like the deep retracement for the wave 4 in that case and that is why it only my alternative.
ToppishWith its little candles the chart looks toppish. This is no wonder after the 70 % rise within less than 1 month. One can imagine that the last 10 candles are rising within a rising wedge.
This would confirm the forthcoming correction but I don't put much attention on it as the candles are to small.
I expect the outbreak to the downside as there is a large open window between 70 and 64.
POPCAT due for a rallyOnce the most pumpy of memes, has fallen from grace... but I believe a big rally is on the horizon..
Testing high timeframe trendline, macro 786..
Falling wedge pattern forming..
And bullish divergence on 4h and 12h timeframe.. Selling volume decreasing...
This is in the process of bottoming out in my honest opinion..
Nasdaq-100 Wave Analysis 17 January 2025
- Nasdaq-100 broke daily down channel
- Likely to rise to resistance level 21850.00
Nasdaq-100 index rising inside the intermediate impulse wave (5), which started earlier from the support zone located between the key support level 20820.00 (former low of wave A from December) and the support trendline of the daily down channel from December (which encloses earlier ABC wave (4)).
The index just broke the aforementioned down channel which should accelerate the active impulse wave (5).
Given the strong daily uptrend, Nasdaq-100 index can be expected to rise to the next resistance level 21850.00, top of the previous B-wave.
Merck & Co Inc - USD (Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Merck & Co Inc - USD (Extended Hours)
- Double Formation
* 121.00 USD | Area Of value | Subdivision 1
* A+ Set Up)) | Completed Survey & Entry Bias | Subdivision 2
- Triple Formation
* Not Numbered Retracment | Downtrend Continuation
* ((Triangle Structure)) | Subdivision 3
* Daily Time Frame | Trend Settings Condition
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
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! ❤️🔥
Alikze »» MOVR | Supercycle Bullish Wave 3 or C Scenario - 1D🔍 Technical analysis: Super cycle Bullish Wave 3 or C Scenario - 1D
📣 MEXC:MOVRUSDT currency has encountered demand after a zigzag correction in the 3.61 range, which has had a rapid upward rally
🟢 After that, the price has had a double complex zigzag correction to the origin of the third upward wave.
🟢 Again, in the origin of the third movement, with a three-wave movement, it has encountered demand again in the area of the bottom of the ascending channel.
🟢 Currently, selling pressure is also observed in the ceiling of the ascending channel and the supply area.
💎 If this correction is broken in the form of a zigzag to the minor ceiling, it can be extended to the minor ceiling. It can again encounter demand and an upward rally to the minor ceiling of the previous rally.
💎 Depending on the momentum, this cycle can be a super cycle wave 3 or C to touch the red box area.
⚠️In addition, if the area touches the bottom of the previous wave, the bullish scenario is invalidated and should be re-examined and updated.⚠️
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Is EURUSD Set for a Reversal? Watch the Potential Reversal ZonesThe recent release of Core PPI and PPI m/m published in lower than expected , signaling a potential decrease in inflationary pressures in the U.S. This could lead to speculation about a more dovish stance from the Federal Reserve, which might weaken the U.S. Dollar and provide support for other currencies, including the Euro.
Let’s analyze how this data could influence the EURUSD ( FX:EURUSD ) chart.
The EURUSD is moving through a Heavy Support zone($1.036-$1.011) .
According to the theory of Elliott waves , it seems that EURUSD has completed the main five waves (downward) , and we can expect upward waves .
I expect EURUSD to start rising again from the lower Potential Reversal Zone(PRZ) and Uptrend line and then attack the upper Potential Reversal Zone(PRZ) . If this zone is broken, we should wait for the EURUSD to attack the Resistance line .
🙏Please respect each other's ideas and express them politely if you agree or disagree.
⚠️Note: If the EURUSD goes below the lower Potential Reversal Zone(PRZ), EURUSD may fall further.
Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame⏰.
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