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Parallel Channel

Bitcoin - Final Crash! Prepare to buy, new ATH soon.Bitcoin is ready for the final crash to around 85k! This is an excellent buying opportunity on the spot market, or you can use leverage on futures. I expect Bitcoin to hit 125k in 2025. 85k is a strong support because it's the start of the FVG (Fair Value GAP). It's the first major point and major support on this chart. Expect a strong rebound from this level. It's possible that Bitcoin will go a little bit lower to 83,842. This is also significant support because it's the 1:1 FIB extension from wave A to wave B. Bitcoin always reacts to this FIB extension; it's the most popular. After we complete the C wave, we are ready to start a new impulse wave and start a new bull market. Also, I expect an altseason to kick in; for example, Ethereum should overpower Bitcoin. The Bitcoin dominance (BTC.D) chart is on a strong resistance. I think the plan is clear; 2025 will be very successful! Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Short
by Xanrox
215
BITCOIN → Consolidating before an important eventBINANCE:BTCUSD is consolidating between 99.5K and 91.8K as traders await action from politicians and Trump's inauguration as the main driver behind the rally. Fundamentally, things are still good. Trump promised a lot of positive actions towards bitcoin and the cryptocurrency market in general, but at the moment the main issue is the inclusion of bitcoin on the balance of the federal reserve. But everything depends more on the realization of the promises, if the community does not get what they were promised, a correction may be triggered. Technically bitcoin looks very strong. After a strong rally, there is no hint of a possible fall or deep correction, which means that someone is keeping the price in the specified range. Until important events, the price can still stand still, in the range between 100K and 90K. As for altcoins, they are getting a chance as bitcoin dominance continues to decline after the trendline break. A capital move could spark a rally in strong altcoins in the near term. Resistance levels: 99.5K, 102.5K, 103.5K Support levels: 95K, 91.7K Since the price is in neutral and trading between strong levels, I prioritize a false breakdown of resistance and correction inside the channel. Then further reaction may give hints. If there will be no fall and the price starts to consolidate in the resistance area, then we will have a chance to rise to 102-103K Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
19
SUI Roadmap==>>Short-term!!!First, let's take a look at the previous BINANCE:SUIUSDT Roadmap that I shared with you on October 8, 2024 , which was well done with this analysis (I told you both the correction and the increase). The SUI token has experienced significant growth in the past 24 hours , driven by several key factors : 1- Expansion of the DeFi Ecosystem : The Sui Network has experienced a significant increase in Total Value Locked (TVL), signaling growing adoption and investor confidence. 2- Rising Open Interest : A noticeable increase in open interest indicates higher liquidity and greater participation from traders, further driving price appreciation. 3- Increase in Daily Active Addresses : The number of active addresses on the Sui network has grown, reflecting heightened user engagement and network activity. 4- Haedal Protocol Secures Seed Funding : Haedal Protocol, focused on liquid staking solutions for Sui, closed a successful seed funding round with major investors like Hashed and the Sui Foundation. Its haSUI ( PYTH:HASUIUSD ) token enables users to earn staking rewards while maintaining liquidity for DeFi activities, contributing to Sui's ecosystem growth with over $200M in TVL. ---------------------------------------------- Now let's look at the SUI token chart on the 1-hour time frame and see if we still have a chance to profit from the increase in SUI!? SUI managed to break the Resistance zone($5.00-$4.76) and seems to be completing the pullback now . According to the theory of Elliott waves , SUI seems to be completing microwave 4 of microwave 3 of the main wave 5 . I expect SUI to start increasing again after the pullback is completed, and we can profit at least +10% from the SUI token . ⚠️Note: If SUI falls below the Resistance zone($5.00-$4.76), we should expect it to fall further.⚠️ 🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏 Sui Analyze (SUIUSDT),1-hour time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
5
BITCOIN - Price can continue to move up inside rising channelHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently, price bounced from resistance level and fell to support area and even a little lower than this area. After this, price started to trades inside wedge, where it made upward impulse to resistance line of this pattern. BTC broke $96800 level, but soon turned around and dropped below it, breaking this level again. Then price declined to support line of wedge, breaking $93600 level, after which started to grow in rising channel. Price exited from wedge also and rose inside channel to resistance line, breaking $93600 level, but then corrected. Now, I think that BTC can first correct and then continue to grow to $99300, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
5
Bitcoin - Please Look At This Timeframe!Bitcoin ( CRYPTO:BTCUSD ) is still totally bullish: Click chart above to see the detailed analysis👆🏻 Please just make sure, that you don't trust Bitcoin with its daily swings of more than -5%. Looking at the overall picture, Bitcoin is still incredibly bullish and almost trading at its all time high. Bulls are 100% in control of everything and some profit taking along the way is just normal. Levels to watch: $70.000, $100.000, $300.000 Keep your long term vision, Philip (BasicTrading)
CRYPTO:BTCUSDLong
by basictradingtv
44
AGLD/USDT, Ascending Channel with 2:6 Risk-Reward SetupThis chart displays an Ascending Channel Pattern where the price is trending upward within parallel support and resistance lines. The long position designed here follows a 2:6 risk-reward ratio , indicating a calculated trade setup with a potential 50% profit at the target price of $3.717 and a controlled 18% loss at the stop-loss of $2.016 . The ascending channel suggests bullish momentum, and the strategy aligns with a breakout continuation toward the upper resistance level. However, if the price fails to sustain above the lower trendline, the trade could hit the stop-loss. This setup offers a favorable risk-reward profile for traders looking to capitalize on the channel's upward trajectory.
Long
by wolfchemist
1
Bitcoin can continue to decline inside downward channelHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price rebounded from the resistance level, which coincided with the seller zone and dropped to the support level, which coincided with the buyer zone. After this, the price rebounded from the 92800 level, rose to the resistance level, and even rose higher, breaking it again. Soon, BTC turned around and in a short time declined to support level, breakingthe 97500 level one more time and then it made impulse up. Price rose higher than the resistance level, but soon turned around and started to decline inside the downward channel, where it broke the 97500 level again and then fell to the channel's support line. Next, the price tired to grow, but failed and continued to decline. Later BTC fell to the support level, and even declined lower, reaching the support line of the channel, after which it started to grow. in a short time, BTC rose to the resistance line of the channel, breaking the 92800 level, but recently it turned around and fell to the support level. Now, I expect that BTC can rise a little more to almost the resistance line of the channel and then fall to the support level. Then price can break this level and continue to decline inside the downward channel. So, I set my TP at 91000 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
5
EURUSD → The bears are stepping up the pressureFX:EURUSD continues to form a downtrend. The price updates the local minimum, reaching the target indicated last year :). What's next? Fundamentally, the situation is weak due to Trump's policy towards the euro zone. The strong dollar also increases the bearish pressure on the market. Technically, the priority figure is the downtrend and the previously broken consolidation boundary - 1.033. It is this zone that the price is currently aiming for as a zone of interest. Resistance levels: 1.033, 1.0448 Support levels: 1.022 Both technically and fundamentally the situation is weak, therefore, the emphasis on strong resistance levels from which the fall may resume. Regards R. Linda!
Short
by RLinda
1
S&P 500 index Wave Analysis 3 January 2025 - S&P 500 reversed from support area - Likely to rise to resistance level 6000.00 S&P 500 index today reversed up from the support area located between key support level 5855.00 (former resistance from October, which has been reversing the price from the start of November), lower daily Bollinger Band and the 61.8% Fibonacci correction of the sharp upward impulse from November. This support area was further strengthened by the support trendline of the daily up channel from September. Given the clear daily uptrend, S&P 500 index can be expected to rise to the next round resistance level 6000.00.
SP:SPXLong
by FxProGlobal
NAS100 Bull BiasCurrent Market Structure: 1. Trend Analysis: • The price is still within a well-defined ascending channel. • The recent price action shows a pullback toward the channel’s midline after hitting resistance near the upper channel boundary. 2. Key Levels: • Resistance: • 21,400–21,500: Price is near this key zone, which aligns with previous swing highs. A break above this could confirm further bullish momentum. • 21,800: The next significant resistance, where a potential rejection could occur. • Support: • 21,200–21,300: Immediate support zone near the current price. A break below may lead to a retest of the channel’s lower boundary. • 20,766 (blue line): Major support that aligns with previous lows and the base of the channel. Possible Scenarios: 1. Bullish Case: • If price holds above 21,300 and breaks through the 21,500 resistance zone, there’s a strong likelihood of a move toward the next resistance at 21,800 or even the upper boundary of the channel at 22,200. • Buy confirmation: Look for bullish momentum candles or a retest of 21,400–21,500 as new support. 2. Bearish Case: • If the price fails to break 21,500 and falls below 21,300, we may see further downside toward 20,766 (blue line). • A break below 20,766 would invalidate the bullish structure and potentially lead to a deeper pullback toward 20,400–20,321. Indicators to Watch: • Trendline Interaction: The price is near the channel midline. A bounce or rejection here will determine the direction. • Volume: A breakout above resistance zones requires strong volume for confirmation. • Momentum Indicators (e.g., MACD/RSI): Watch for divergences or crossovers that might indicate a shift in momentum. Trading Plan: 1. Long Setup: • Entry: Above 21,500, after a breakout and retest. • Target: 21,800, then 22,200. • Stop Loss: Below 21,300 (midline). 2. Short Setup: • Entry: Below 21,300, after rejection. • Target: 20,766, then 20,400. • Stop Loss: Above 21,500. Conclusion: The market remains in an ascending channel, favoring bullish bias unless 20,766 is broken. Monitor price action at 21,300–21,500 for confirmation of direction.
VANTAGE:NAS100Long
by AutoMarkets
Continue to hold long positions, target: 2670-2680Bros, as I mentioned in my previous article, gold remains in a clear bullish structure. The recent short-term pullback is merely a consolidation phase to accumulate bullish momentum for further upside. As anticipated, gold retraced to the 2650-2640 zone, reaching a low of around 2650 before rebounding. Currently, gold has recovered to approximately 2658. In line with my trading strategy, I have already entered long positions on gold. Although I went long slightly earlier at around 2651, it is clear that gold has rebounded as expected, and our long positions are now profitable! Based on the step-like structure of gold's upward trend, there is still potential for gold to continue rising to the 2670-2680 region. Let’s hold on to our long positions and look forward to achieving even greater profits! Bros, have you followed me to do long gold? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
OANDA:XAUUSDLong
by Trader_Marvin
Mid-Channel Resistance on Hourly charts Stops Nifty. The parallel channel is a channel in which the stock or index travels for a particular period of time. The upper frame of the channel acts as a strong resistance and the lower frame of the index acts as a support. Mid channel works in a dual way. If the price or the index level is above the Mid-Channel it acts as support if the price or the index level is below the Mid-Channel the line acts as resistance. Also on the daily chart of Nifty the level of 24212 was a Mother line Resistance of 50 day's EMA. Nifty today made a high of 24196 and retreated from there so it can be safely said that these 2 levels 24212(Mother line) and 24226 (Mid Channel resistance see in the chart will be most important resistances moving forward into the next week and probably full month. There is also a news of HPMV Virus outbreak in China as Trump resumes Presidency. Quarterly Results have already started flowing in and good results are expected this time around unlike traditionally weak October quarter. Additionally we are near the budget and there are news trickling in about relief to the Middle Class. Which can spark a pre-budget rally. So the signals from international market, technical analysis and on the local front. Next week is very important with perspective of full month of January. Nifty Supports Remain at: 23989, 23902 (50 Hours Mother Line), 23797, 23540 (channel bottom Support) and finally 23279. Below 23279 closing Nifty has potential to fall totally into the bear grip. This does not look likely unless there is a catastrophic global event. Nifty Resistances Remain at: 24086 (200 Hours EMA or the Father line Resistance), 24226 (Mid Channel Resistance), 24348, 24556, 24779, 24919 and finally 25025 (Channel top resistance).
NSE:NIFTY
by Happy_Candles_Investment
Critical Turning Point for the S&P 500: Bullish or Bearish?Happy New Year, everyone! 🎉 I hope you all had an amazing start to 2025. Let’s dive into the S&P 500 chart because it’s showing some critical patterns that could define the market's direction moving forward. The S&P 500 has now broken below the Rising Channel, confirming a bearish breakdown from the long-term uptrend. This move adds to the bearish pressure initiated by the previously formed Head and Shoulders (H&S) pattern. The breakdown of the Rising Channel, combined with the confirmed H&S pattern, suggests a significant shift in market sentiment. With the price also sitting below the 50 EMA, the bears appear to have the upper hand. 1. Rising Channel Breakdown : After respecting the channel boundaries for months, the price has decisively fallen through the lower boundary, signaling the uptrend is over. 2. H&S Pattern Confirmation : The neckline has been broken, further validating this bearish reversal structure. 3. 50 EMA Resistance : The inability to reclaim the 50 EMA solidifies the bearish momentum. Targets to Watch * 5,687.33: The next immediate support level where price could pause or consolidate. * 5,600.45: A breach of 5,687.33 could send the price toward this stronger support zone. * 5,119.26 (Channel Projection): If bearish momentum accelerates, the longer-term target aligns with the channel's projected downside. What’s Next? With the Rising Channel broken, the market’s bullish structure has collapsed, leaving traders watching key support levels to assess the depth of the pullback. Bulls will need to reclaim the 50 EMA and push the price back into the channel to regain control, but this seems unlikely in the short term. The market now leans bearish, and the next few sessions could confirm whether this breakdown leads to a larger correction or stabilizes near support. Let me know your thoughts and how you plan to approach this setup. Wishing you all a successful and profitable trading year ahead! 🚀 #SP500 #TechnicalAnalysis #BearishBreakdown #RisingChannel #HeadAndShoulders
SP:SPX
by CryptocurrencyWatchGroup
Bitcoin Annual Timeframe AnalysisOverview: Bitcoin's price movement on the annual timeframe demonstrates a clear formation of waves, reflecting market dynamics and investor behavior. The analysis covers the primary wave structures and transitions, as well as the evolution of analytical perspectives based on price actions. Detailed Analysis: Major Wave 1 (2009 - 2017): The first major wave consists of five distinct sub-waves: Sub-Wave 1: Rise from $0 to $30. Sub-Wave 2: Correction to $4. Sub-Wave 3: Strong rally to $1,163. Sub-Wave 4: Correction to $152. Sub-Wave 5: Extension to $19,666. Major Wave 2 (2018): A sharp correction to $3,122, representing the second major wave. This wave is consistent across all scenarios, marking the end of the first cycle and the beginning of the next major trend. Old Perspective (2019 - 2021): The rise from $3,122 to $69,000 was considered the third major wave . The correction to approximately $15,000 was classified as the fourth major wave . The expected termination near $75,000–$80,000 was projected to be the fifth major wave , respecting the Termination Channel. Analytical Shift: The breakout above $80,000 invalidated the old perspective, requiring a reevaluation. The updated analysis reclassifies the movements within Major Wave 3 as: Updated Major Wave 3 (2019 - 2024): Sub-Wave 1: A rise from $3,122 to $69,000. Sub-Wave 2: Correction to $15,974. Sub-Wave 3: Current rally to $108,000, with potential extension towards $125,000. The Termination Channel has now evolved into a Base Channel , providing support for future corrections instead of acting as resistance. Future Projections: Sub-Wave 4: A potential correction aligning with the Base Channel. Sub-Wave 5: A rally to conclude Major Wave 3, potentially exceeding $125,000. Key Failure Points: Price dropping below $69,000 would indicate weakening bullish momentum. Price falling under $46,000 would signify a potential market reversal, undermining the long-term bullish structure. Such a drop would also validate the old perspective, suggesting that Bitcoin's bullish cycle concluded at levels between $108,000 and $125,000. Conclusion: Bitcoin's wave structure showcases a clear roadmap of market dynamics. The transition from the Termination Channel to the Base Channel underscores the evolving nature of market analysis. Monitoring price action within these channels and the identified support levels is essential for making informed trading decisions. This analysis highlights key opportunities for growth while recognizing critical failure points to manage risk effectively.
BITSTAMP:BTCUSD
by ahmadsaad83
AEM - Head & Shoulder PatternAEM is possibly forming a Head & Shoulder pattern. Price action is currently under a rising parallel channel that breaks downwards and price eventually breaks parallel channel. If price breaks the parallel channel and $74, it will complete Head & Shoulder pattern. Once Head & Shoulder pattern is formed, stock price fall is either $ price or percentage difference between Head and neckline. In this case, the projected price fall after completion of Head & Shoulder is likely to be between: - 63.17 if price drops by 14.50% - 60.98 if price drops by $12.90 Price is probable to fall by $12.90 to 60.98 because it coincides with: - Fib retracement level of 0.618 which is a golden ratio - strong weekly support zone around 61.31 - gap fill is at 59.65
NYSE:AEM
by I_M_Shoaib
Nasdaq - This Can Still Be A Fakeout!Nasdaq ( TVC:NDQ ) is starting to slow down: Click chart above to see the detailed analysis👆🏻 A couple of months ago, the Nasdaq perfectly broke above the channel resistance trendline again, attempting the creation of another parabolic rally. However bulls are not flexing their muscles properly so this breakout attempt could still turn into a devastating fakeout. Levels to watch: $20.000, $17.000, $30.000 Keep your long term vision, Philip (BasicTrading)
TVC:NDQShort
by basictradingtv
13