btc & fiboBy looking closely at Fibonacci and the price reaction to Fibonacci 0.618 in the previous upward trend, as well as obv and rsi, we expect the price to correct to the specified ranges.
Oscillators
Technical Report: Bitcoin (BTC-USD) Looking DownwardTechnical Report: Bitcoin (BTC-USD) Looking Downward
H ello!
The current technical picture and the recent market activity points to the Bearish perspective of Bitcoin (BTC-USD). Having passed the powerful psychological support at $100,000, many signals suggest we’re on the verge of correction, with target support in the $92,000 area.
Weak RSI Signals Overbought Conditions
The Relative Strength Index (RSI) is one of the primary indicators hinting at a potential decline. Currently, the RSI hovers around the 60 mark, resistance, reflecting weak momentum and failing to indicate a robust buying trend. While an RSI above 70 typically signals overbought conditions, the lack of a strong rally and an RSI below 50 often signal bearish sentiment. This suggests Bitcoin’s earlier bullish momentum may be fading, increasing the likelihood of a near-term price correction.
Rising Bitcoin Dominance
Another key factor is the rising Bitcoin dominance within the cryptocurrency market. Bitcoin’s growing market capitalization relative to other cryptocurrencies may signify a shift in investor sentiment, positioning Bitcoin as a safe haven amid altcoin volatility. However, this trend could also indicate fear-driven behavior rather than confidence, with investors hedging against broader market instability.
If Bitcoin dominance continues to rise without a corresponding price increase, it might signal an impending sell-off. Investors could be looking to liquidate their positions amid market uncertainty, potentially driving Bitcoin’s price downward.
Regulatory and Macroeconomic Pressures
Recent regulatory developments and macroeconomic factors also threaten Bitcoin’s upward trajectory. Heightened scrutiny from financial regulators worldwide has created uncertainty in the market. Proposals for stricter regulations on cryptocurrency exchanges and potential tax implications could dampen trading volumes and dissuade new investors. This regulatory pressure may contribute to bearish sentiment.
Macroeconomic factors, including rising interest rates and inflation concerns, further complicate Bitcoin’s position. Traditional investments offering higher yields may become more attractive, reducing Bitcoin’s appeal as an alternative asset. In this environment, the $100,000 resistance level becomes a critical barrier. Failure to breach this level could trigger significant selling pressure.
Price Projection: $92,000 Support
With a weak RSI, potential for increasing Bitcoin strength, and the latest regulation headlines, a strong reversal below $100,000 seems foreseeable. If it doesn’t have support above $100,000, then it could sink right back into the $92,000. This has been a level that has been resistant in the past, but an attack would open the door for more losses.
Currently technical analysis and overall market picture shows Bitcoin (BTC-USD) in bearish direction. The low RSI also signals lost upward momentum, rising dominance and regulatory issues mean that there could be instability. When Bitcoin reaches the important $100,000 resistance, traders should be patient and prepare for a drop towards $92,000 resistance. Conditions are not set in stone, so stay on top of what’s to come as Bitcoin’s price action shifts.
Regards,
Elysian Signals
Dynamic Scalping Indicator (PAID), a Powerpack tool in TRADINGDynamic Scalping Pro is your key to confidence for scalping. here is the performance of dynamic scalping pro indicator. It is pretty simple to see, that red background is sell, grey is side ways or no trading zone and green is buy. Max time frame recommended is 15 min and lower. BUT It doesn't limit to market sentiment on higher levels.
Apple appears to be in a bullish trend for the near future.We observe a similar pattern to what occurred previously with APPL. Additionally, the Dynamic RSI indicator suggests that Apple could rise further. Therefore, we are setting the buy zone at the blue level. For Apple, two take profit levels have been set, meaning the strategy involves selling 50% at the first take profit level. Should the price return to the buy zone, we plan to reinvest the 50% for the second take profit.
NQ may have found a little Support to continue its climb.After a healthy, needed pull back, the NASDAQ may have found the support it needed to finish its climb with the inauguration soon to come at the end of the month. Price has not been comfortable below the middle Keltner channel band during this push-up over the last few weeks. The MACD and and RSI look prime for a turnover, and Fridays push-up off of Thursdays Liquidity sweep, sets us up nicely for a move up. At the very least, there's a good chance we test some of these levels for the upcoming week.
Cosmos Atom BullishI am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
Daily Market Review and Analysis for BTC: January 5, 2025BTC (4h)
Over the past 24 hours, the total crypto marketcap increased by 0.6%, while #Bitcoin's dominance rose by 0.2%.
Current Situation
On the 4-hour chart, #BTC is seeing growing selling pressure as the price approaches the lower boundary of its ascending channel. Currently, the asset is heading towards testing the key level of POC ($97,400). A breakdown below this level could signal the start of a local correction, followed by a support test near $95,200.
Key Technical Factors:
- Ichimoku Cloud: Its boundaries continue to serve as zones of support and resistance.
- RSI: A decline to 50 will coincide with a test of the EMA 100 level, providing crucial support for the asset.
Forecast:
- Local Support: A bullish rebound is expected in the $95,000 – $95,500 range.
- Bullish Scenario: Breaking above the Ichimoku Cloud's upper boundary at $99,900 will strengthen buyers' positions, with the next resistance target at $104,000.
Institutional Insight:
On January 3, U.S. spot Bitcoin ETFs recorded a daily inflow of **$908 million**, the highest since late November 2024. This trend highlights the positive expectations of institutional investors, despite potential local corrections.
Key Points:
1) Monitor the $97,400 level closely — a breakdown will determine the next price movement.
2) Watch technical indicators like RSI and EMA to confirm support levels.
3) Pay attention to trading volumes and inflows into institutional products such as Bitcoin ETFs.
Bad news FTM holders markets require more blood sacrificeThe price action of the past few days from the latest bottom of 66 cents seems to have been a bearish retest.
the massive long term support has turned into resistance
the bearish retest has been completed
now down again
RSI also has hit resistance.
more blood more pain
the bit question is when after 68-69 cents is reached:
double bottom confirmation and bottom is in, with rising RSI
or
max pain, max blood scenario of visiting 53 cents with also rising RSI, forming a bullish divergence?
the second part remains to be seen in several days
first part is clear
more blood from FTM holders
sorry, bulls
This is a SHORT-TERM analysis only
VIRTUAL IS BEARISH !!!!The price is in a wedge, and if it breaks the wedge, it can drop to the 0.618 Fibonacci line. Also, the bearish divergence in the RSI strengthens this signal.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
pepe forecastA perspective from the chart and the ROC, RSI, as well as the organizational sell order limit, shows that Pepe will take a downward path.
pepe forecastA perspective from the chart and the ROC, RSI, as well as the organizational sell order limit, shows that Pepe will take a downward path.
$SOL Breakout! Leading The Next Leg Up!It never fails to amaze me how perfect mathematics play out in trading.
My squiggles remain undefeated 💯
CRYPTOCAP:SOL
happy with how the h4 divergence formed on BTC, great move the h4 divergence was confirmed and produced a nice 7% pump for btc and the crypto market,
Silver- Obvious Head and Shoulder pattern, with great potential!Hi guys, today we are overlooking Silver (XAG/USD) with some great Technical analysis. Currently the overview is on a 1D time frame making this opportunity Mid-Term as to how much time we would expect it to reach it's destination.
Currently as we can see on the chart there has been a perfect formulation of the typical Head and Shoulders pattern. Additionally I would say on a shorter term the overall price has entered and formuilated a Descending Channel, which boost's our confidence in the price action that we are expecting. Additionally we are looking into the fundamentals so we can get the extra confidence in the price action that we are targeting.
Entry: 29.31
Target: 26.60 which is just above the Strong Support Level
Do let me know what you think about this analysis in the comments and what is your overview on this great Precious Metal.
LONG: Mahindra & Mahindra on the Rise: Targeting New Highs!🔍 Technical Analysis Report: NSE:M_M
Current Overview: 📈 NSE:M_M have shown a strong reversal from its recent low of ₹2,665.55. This recovery is significant as it has crossed the 0.382 Fibonacci retracement level, with the highest reference point being the level 1 Fibonacci at ₹3,214.95.
Key Observations:
Volume Analysis: Over the past 3-5 trading days, the stock has displayed consistent positive volume, indicating sustainable upward movement. 📊🔼
Critical Resistance: Since mid-June, the stock has been approaching a key resistance level. It briefly breached the 0.5 Fibonacci level yesterday but closed near the 0.382 Fibonacci level. 🚧
Price Movement: Today, the stock opened around the 0.382 Fibonacci level at ₹2,827.10 and is inching upwards. 📈
Technical Indicators:
MACD Analysis: The current MACD (Moving Average Convergence Divergence) shows an impending buying crossover. If market conditions stay favorable, we anticipate the MACD histogram turning green tomorrow, reinforcing the bullish trend. 🔄🟢
Target Levels:
🎯 First Target: ₹2,942.15
🎯 Second Target: ₹3,005.10
🚀 Extended Target (if resistance is broken): Around ₹3,100.00
Risk Management:
Primary Stop-Loss: ₹2,800.00 to protect against downside risk. ⚠️
Extended Stop-Loss: ₹2,720.85 for those accommodating broader market volatility. 📉
Conclusion: 🟢 If M&M opens in the green tomorrow, this will confirm the buying trend, potentially reaching the target levels mentioned above. However, cautious trading is advised, particularly around the set stop-loss thresholds, to manage inherent market risks effectively. ⚖️
#Hashtags: #MahindraAndMahindra #StockAnalysis #TechnicalAnalysis #FibonacciLevels #MACD #TradingInsights #StockMarketIndia #BullishTrend #InvestmentStrategy #RiskManagement #FinogentSolutions
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading and investing involve significant risk, and you should conduct your own research or consult with a financial advisor before making any investment decisions.
GALA 300% Next MovePrice is coiling up for the second half of this fractal pattern (Rally C) and I'm looking
at a bottom some time around February as the last pattern took off around the same time
The reason for this forecast to hit the Demand level again is because of the divergence move
seen on the Trend Reader, and the fractal pattern itself calls for a retest back to demand
Long term EMA is projecting flat readings for the future and this can also give us a signal for
price to slam back down.
Trend Reader
The Short Term Signal Line is racing back to the oversold zone and once the crossover takes effect we should see price shoot back up
Looking back at the Long Term Signal Line its projecting that long term momentum is dying off
and that after we hit this next high we can expect price to selloff like shown before with
the last divergence pattern.
Targets
7.7 Cents
13 Cents
16 Cents
AMD Finishing a 1-2 1-2 with ending diag and bullish divergence Current count looks like a 1-2 1-2 finishing out w-c of W-2 with an ending diagonal. With waves 3 and 5 of the diagonal creating bullish divergence. Looking to go up from here! Could end up seeing another 1-2. Invalidation is pretty close.
Alternate count is much more bearish.
FTSE - recovery jump after strong sell offHi guys, we are looking into the FTSE 100 ,currently it is sitting in a very oversold area on 1H and 4H time frames, so I am analysing a short term up-beta momentum.
Entry : 8,109
Target : 8,232
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
EUR/AUD Change of structure, time for correction.Hi guys today we are analysing the EUR/AUD currently it has broken out of an ascending channel formulating a correction / consololidation on the previous support level at 1.65500.
Additionally we can se that the RSI at least on 4H has already entered a descending channel indicating that the price is going to drop down.
Entry 1.66500
Target 1.65500
We are chasing 100 pips here, then if it continues we will revisit this analysis and look into a further drop.
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
Raymond 1 d chart signalling price action Raymond is looking in the uptrend after making a low near 1326. It is reversing from there on daily chart .
Ascending triangle pattern is forming and is about to complete the same .
Volume is Supporting in this uptrend .
RSI momentum is showing intact with higher high with Price in conjunction. Both are in same tandem . Signaling bullish momentum.
If price closed above 1829 on daily chart further bullish Moment can be expected .
If price closed below 1428 on daily chart further bearish Moment can be expected .
GHNI offers 15% gain from these levelsThe stock is continuing its Bullish rally and making HHs and HLs.
Immediate entry should be taken here for 1st TP of 675 and TP2 of 730 with SL as per the trade plan of 565
Daily Market Review and Analysis for BTC: January 1, 2025#BTC (Daily Chart)
The cryptocurrency market capitalization has dropped by 2.5% over the past 24 hours, while #BTC dominance fell by 0.47%. Despite the bullish momentum, there is a growing likelihood of Bitcoin dropping to the $90,000 zone or lower.
Bitcoin’s upward movement was halted by intensified selling pressure near $95,000. Buyers failed to hold the $94,500 level, resulting in a price decline to around $91,600.
It’s worth noting that Bitcoin’s price on the daily timeframe is approaching the lower Bollinger Band, which is positioned above the seller liquidity zone.
In the short term, another attempt to test the $96,000 level is likely. However, it’s more probable that a new wave of decline will follow, targeting $90,500. This would trigger stop-losses for long positions (SSL) and push the price to a local low in the $89,000–$90,000 range.
From this point, a local upward trend could resume, targeting $96,963, where buyers’ stop-losses (BSL) are located. If this condition is met, Bitcoin could rally to $104,000.
That said, it’s too early to make global bullish predictions. Bitcoin first needs to clear key levels and stop-loss zones at $90,500 (the nearest realistic target) and $88,722.
The quickening of #BTC RSI & price extremes!I don't make the rules.
:)
We are just surfing the waves of emotions,
of the crowds.
Here we have Monthly line chart with the RSI
It clearly shows a quickening of the trend and how the 4 year cycle is likely to fail this time around.
It is too well know as a theory and will be front ran.
(in my opinion)
We should get a RSI peak at this rate, around May (could be June ofc)
and second lower peak around November (or DEC )
As always good luck in your speculations
#Crypto's are highly speculative instruments as we all know
During these tops you will be told many stories
you must have the wherewith-all to ignore the noise.
