$SOL Price LONG Setup February 2025 | 1D | SOLUSDT See on Chart✨SOL Price LONG Setup February 2025 | 1D | SOLUSDT
Solana News: VanEck Predicts $520, But This $0.01 Token is the One to Watch in 2025
VanEck, a prominent investment management firm, has recently predicted a strong run for Solana in 2025, saying the token could hit $520. This projection is based on Solana’s anticipated market share growth in the smart contract sector, which is expected to rise from 15% to 22% in 2025. Given this, Solana’s market capitalization could skyrocket to $250 billion, driving Solana’s price to $520 based on an estimated 486 million circulating tokens.
Solana Price Prediction: $150 Looking Inevitable
Solana is currently trading at $168 though it continues to plummet, having seen a drastic loss in the last 24 hours. As noted by Crypto Daily, a dip below $150 could pave Solana’s path to much lower prices, such as $140 and under.
• Solana (SOL) Technical Analysis and Key Levels
The potential reason behind this fear is the recent breakdown of the crucial support level at $180, which SOL failed to hold. Additionally, it has fallen below the 200 Exponential Moving Average (EMA), indicating that the asset is in a downtrend.
Based on recent price action and historical patterns, it appears that SOL is bearish, with a high probability of staying between $160 and $180 until it crosses the $190 mark. However, SOL falls below the $160 level, there is a strong possibility it could drop another 20% to reach $120 in the future.
According to the data, traders betting on the bullish side are currently dominating the asset, as they are over-leveraged at the $162.8 level and hold $145 million worth of long positions. This over-leveraged level suggests that traders believe SOL’s price won’t fall below this point, which currently acts as strong support.
#Write2Earn #BinanceAlphaAlert #BNBChainMeme #solana #SUBROOFFICIAL
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance any investment.
Patternanalysis
$SOL Price LONG Setup February 2025 | 1D | SOLUSDTSee on Chart, Recently News- Ethereum Price Holding Above $2600 Could Spark an Altseason?
Ethereum price is currently testing a crucial support level at $2,670, hovering dangerously close to the $2,600 threshold which is crucial for its price and other altcoins.
This price, just above 0.618 Fibonacci retracement level, was a key support that could dictate ETH’s and other altcoins short-term trajectory.
If Ethereum fails to maintain the $2600 level, it could signal a broader downturn, potentially impacting the anticipated altcoin season.
Ethereum has been navigating within an expansive ascending channel since mid-2023, adhering to both support and resistance levels delineated by Fibonacci retracement lines.
Notable touches at the 0.236 Fibonacci level around $1,456 and rebounds off the 0.382 level around $1,767 demonstrate the historical significance of these zones.
A fall below the current level near $2,670 might see ETH targeting lower supports at $2,414 and possibly $2,175.
Conversely, a rebound from the $2,600 level could reignite bullish sentiment, possibly pushing prices towards upper resistance levels near $3,140 and beyond.
This potential recovery would be critical in maintaining the momentum required for an altseason, characterized by widespread gains across various altcoins.
How Whales Could Spark an Altseason?
The total balances for wallets holding between 10k to 100k ETH surged, reaching 16 Million ETH by February 2025, compared to just above 14 Million in early 2024.
This substantial accumulation coincided with a noticeable uptick in ETH’s price.
It escalated from around $2,400 in December 2024 to over $3,800 in January 2025 before slightly retracting.
After a peak in early 2025, ETH price headed into a downward trend while the balances in whales’ wallets did not shown a similar decline.
This indicates a potential holding strategy rather than a sell-off.
Recently From News- Ethereum (ETH), the king of altcoins, has been steadily climbing, with analysts predicting a potential rally to $10,000 in 2025 as institutional adoption grows. Historically, when Ethereum moves, ERC-20 tokens follow, meaning that a major ETH rally could send Shiba Inu (SHIB) and Mutuum Finance (MUTM) soaring. With ETH currently priced at $2,773, a push toward $10,000 would likely create a bull market for ERC-20 tokens.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance any investment.
$BTC Long Setup February 2025 | 4H | BTCUSDT See on Chart,✨ CRYPTOCAP:BTC Long Setup February 2025 | 4H | BTCUSDT
Recent News: Czech Central Bank Explores Bitcoin Amid Cautions Over Crypto Risks
Analyst Says Bitcoin Could Reach $100K in 1-2 Weeks, Trying to Create New Support. Bitcoin's price has recently bounced from a key support level, located just below the 78.6% retracement, which has been a focal point in the last few days. The price formed a local low and attempted a move to the upside. However, the bullish rally is still in its early stages, and the momentum seems too small to be considered a strong trend just yet.
Currently, Bitcoin has failed to break the previous swing high from February 3rd, which is around $96,700. For the bulls to show strength, a break above this level is essential. While this move up could be a sign of things to come, the price action is not yet strong enough to confirm a substantial low.
Crypto analyst Michael say Bitcoin and Ethereum in the coming weeks. He believes Bitcoin could reach $100K within 1-2 weeks, with the current consolidation phase offering a great entry point for investors. As Bitcoin holds at lower levels, van de Poppe sees it as a chance for a potential breakout.
Market Implications
The price area between GETTEX:89K and $57K may receive backing from institutional investors and ETFs yet a significant market fall below $57K would signal extended bearish trends. Long-term holders keep GETTEX:25K as their essential reference point for the market because previous market bottoms reached this exact value.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance any investment.
Pattern Identification ExerciseHere I run through an exercise I first started carrying out around 4 years ago. It is a brilliant tool to help train yours eyes to spot patterns within the market, log the data across multiple different instruments and find specific characteristics with that instrument.
The importance behind carrying out an exercise like this is training your lens to spot these in the live markets, and also stacking your confidence so when you see these develop you are able to approach them in the best way possible.
Any questions just drop them below 👇
CHR Set to Skyrocket? Potential 43x to 165x Ahead!▍Reason 1:
BINANCE:CHRUSDT is perfectly replicating the price structure from the last bull run.
You can refer to the points I marked (1-7) in the chart.
In the last cycle, point 7 marked the lowest point before the price surged 84x.
▍Reason 2:
Since January 2021, CHR has been forming a multi-year symmetrical triangle, and it's now approaching the end of this pattern.
According to triangle consolidation theory, this means a major breakout is imminent.
Considering that altcoin season is also approaching (I've attached my previous analysis below), CHR is very likely to explode upwards!
▍Price Target Projections:
1. Fibonacci Target (marked in the chart) suggests a target of $6.6, representing a 43x increase from the current price.
2. Triangle Breakout Target (marked in the chart) suggests a potential high of $25, an incredible 165x from the current price!
I don’t think this bull run will deliver 100x+ gains, but with this potential, isn’t it worth getting in now?
for more future script 'guesses' like this!
BTC Set for Bigger Shakes Over Time? Break 90K & Over 120K?BINANCE:BTCUSDT has been quite volatile lately since Dec., as it's moving within a broadening triangle pattern.
This pattern is characterized by its expanding price range, meaning the price swings get larger and more dramatic over time.
Right now, Bitcoin has the potential to climb above $120K, but BTC could also drop sharply to $90,900.
That’s a massive $30K range—and it’s only expected to grow wider.
If we see one or two quick drops to the bottom of the broadening triangle, the market sentiment could turn bearish.
General investors might start panic-selling, which allows major players to collect coins at lower prices.
But here’s the key: even a sudden $30K drop within this pattern doesn’t affect Bitcoin’s long-term bullish outlook.
It’s just noise within the structure.
Are you ready to navigate this increasingly wild market?
Every coin has multiple potential scenarios. This is just one of them, and I’ll share more scripts in the future.
Follow me for updates! 😃
$BTC BIG PUMPING & PROFIT TARGET 4 DONE BINANCE:BTCUSDT BIG PUMPING & PROFIT TARGET 4 DONE
Chart Analysis ( CRYPTOCAP:BTC )
💫NEW ATH : $108,306.16
🎆ENTRY POINT : $94428.96
🎇STOPLOSS ZONE : $90,444.77
1ST TARGET $99,762.63 🔥
2ND TARGET $102,315.06 🔥
3RD TARGET $105,501.97🔥
4TH TARGET $108,306.16🔥
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
$SOLANA PRICE PREDICTION 2025 | HIT TARGET $330 see more chartBINANCE:SOLUSDT PRICE PREDICTION 2025 | HIT TARGET $330 see more chart
Solana Reclaims Monthly And Weekly Support Levels – Expert Sets $330 Target
• SOLUSDT
Solana (SOL) has made a remarkable recovery following Monday’s unexpected flash crash, surging by more than 28% in less than five days. This impressive rebound has sparked renewed optimism among investors, who are now eyeing the potential for a bullish continuation in the weeks ahead. The rapid price increase has positioned Solana as one of the top-performing assets in the crypto market, signaling a potential shift in momentum.
Renowned analyst Jelle recently shared a detailed technical analysis, highlighting that Solana has broken out of its prolonged downtrend. According to Jelle, SOL has successfully reclaimed crucial monthly and weekly support levels, indicating a significant move could be on the horizon. These levels, often considered key benchmarks for long-term stability, suggest that Solana’s recent gains may be more than just a temporary bounce.
If Solana can sustain this momentum, it may not only recover from recent losses but also pave the way for further gains, potentially outperforming other major altcoins. As technical indicators align with market enthusiasm, Solana could be gearing up for a breakout rally that captures the spotlight.
Solana Set To Enter Price Discovery Phase
Solana (SOL) emerged as one of the top market performers in 2024, posting an impressive surge of over 170%. This stellar performance cemented its position as a market leader and highlighted its resilience and growth potential within the crypto space. As 2025 unfolds, optimism surrounding Solana remains high, with many investors anticipating significant gains in the coming months.
The momentum appears to be building already, as Solana begins the year with a potential breakout. Renowned analyst Jelle recently shared insights on X, pointing out that SOL has successfully broken out of the downtrend that had restrained it since late November.
Solana breaking out of a downtrend | Source: Jelle on X
Moreover, Solana has reclaimed both monthly and weekly support levels—crucial milestones indicating that the asset has regained its bullish footing. According to Jelle, the price action for Solana is “super clean,” suggesting that the cryptocurrency is well-positioned for higher valuations.
Jelle’s initial target for SOL is set at $330, a level that would not only mark a significant recovery but could also push Solana into a price discovery phase. This phase typically sees heightened market interest and volatility as traders and investors recalibrate expectations for the asset’s long-term value. With technical indicators and market sentiment aligning, Solana appears poised to capitalize on its upward trajectory.
If Solana sustains this bullish momentum, it could continue to dominate headlines as a top-performing asset in 2025. As anticipation builds for further upside, traders and investors are closely monitoring key levels, knowing that the cryptocurrency’s next big move could redefine its role in the broader crypto ecosystem.
SOL Testing Crucial Supply Around $220
Solana (SOL) is currently trading at $218, approaching a critical level that could determine its next major move. The price is on the verge of setting a new local high above $222, a significant resistance point. Breaking through this level would signal a strong bullish continuation, setting the stage for massive price appreciation and the potential to reclaim its all-time high (ATH).
• SOL testing crucial supply
Analysts believe that if SOL clears the $222 mark and maintains its momentum, the next key level to watch is $250. Reclaiming and holding $250 as support would pave the way for Solana to enter uncharted territory, pushing its price into a new all-time high and potentially beginning a price discovery phase. This development would further solidify Solana’s position as a market leader and attract increased investor attention.
However, failing to surpass the $222 resistance or reclaim the $250 level could lead to a consolidation phase. Such a pause in price action might delay Solana’s rally but could also provide a foundation for renewed momentum in the future. With market participants closely monitoring these levels, Solana’s price movements in the coming days will be pivotal in determining whether the cryptocurrency embarks on its next major leg up or enters a temporary holding pattern
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
$BTC Price Quickly Puming and Profit Target 3 Done. See on ChartBINANCE:BTCUSDT Price Quickly Puming and Profit Target 3 Done. See on Chart ...
This pattern resembles a "cup" followed by a downward trend, or "handle," which typically signals a buying opportunity. According to Martinez, this suggests a potential upside target of $276,400 for Bitcoin-more than doubling its record high of $108,000 reached at the end of last year.
• Bitcoin price still on track for $180K in 2025:
Bitcoin BTCUSD hitting $130,000 would be a "great result" for the current bull market, longtime trader and analyst Filbfilb says.
In his latest interview with Cointelegraph, the co-founder of trading suite DecenTrader gives his predictions on where BTC price action may be headed this cycle.
• Trump, trade wars and record Bitcoin dominance
Bitcoin is bouncing back after a trip to two-month lows and is holding well above $100,000 as of Jan. 17, per data from Cointelegraph Markets Pro and TradingView.
For Filbfilb, good things lie in wait - especially with the incoming US government administration under President-elect Donald Trump.
Pro-Bitcoin and pro-crypto policies could well offer a short-term market impulse, but it may not all be plain sailing anv talk of trade wars.
• Bitcoin Breaks Out Of Cup-And-Handle Pattern, Eyes $276,000 Target
The market's leading cryptocurrency, Bitcoin (BTC), has rejoined the crypto rally, gaining momentum on Friday amid reports that President-elect Donald Trump may issue an executive order prioritizing cryptocurrencies as soon as he takes office.
As of the latest data from CoinGecko, Bitcoin surged nearly 5% in the 24-hour time frame, reaching $104,000. The broader cryptocurrency market, represented by the CoinDesk 20 index, also saw an uptick, rising 1% following a 4% increase on Thursday.
This newfound interest in Bitcoin has positively impacted exchange operators, with shares of platforms like Coinbase and Robinhood climbing approximately 5% and 3%, respectively.
#BinanceAlphaAlert #BTC☀ #CPIPlunge2025 #BinanceSquareFamily #SUBROOFFICIAL
$C98USDT have Analysis 2025 See on Week Chart...$C98USDT:BINANCE have Analysis 2025 See on Week Chart...
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
$BTC Profit Target Done and It's Just Beginning? BINANCE:BTCUSDT Take Profit Done and it's just a Begging?
In the stated case, the price could rise and test the $110,000 resistance level. Any more gains might send the price toward the $112,000 level.
Bitcoin price started another increase above the $100,000 resistance zone. BTC is up nearly 5% and it traded to a new all-time high above $106,400.
Bitcoin started a fresh surge above the $100,000 Zone.
The price is trading above $102,000 and the 100 hourly Simple moving average.
There is a connecting bulish trend line forming with support at $103,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $102,500 support zone. Bitcoin Price Rallies Again Bitcoin price formed a base and started a fresh increase above the $100,000 zone. There was a move above the $102,200 and $103,500 levels. The price even cleared the $104,000 level. A new all-time high was formed at $106,487 and the price is now consolidating gains.
It is slowly moving lower below the 23.6% Fib retracement level of the recent wave from the $99,250 swing low to the $106,487 high. Bitcoin price is now trading above $102,000 and the 100 hourly Simple moving average.
There is also a connecting bullish trend line forming with support at $103,400 on the hourly chart of the BTC/USD pair. The trend line is close to the 50% Fib retracement level of the recent wave from the $99,250 swing low to the $106,487 high.
On the upside, the price could face resistance near the $105,500 level. The first key resistance is near the $106,500 level. A clear move above the $106,500 resistance might send the price higher. The next key resistance could be $108,000. A close above the $108,000 resistance might send the price further higher.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
$ETH Price Finally Hit $4000 and Take Profit 3 Done, See chartBINANCE:ETHUSDT Finally Price Hit $4000 and Take Profit 3 Done, See chart
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
$LUNA above price $0.67 and its FVG Resistance area. See chartBINANCE:LUNAUSDT above price $0.67 and its FVG Resistance area. It will touch price $0.77 and it will touch $1 before consolidation of Big FVG price level area.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
$LUNC Price above $0.00015000 and it will Touch $0.00016000 BINANCE:LUNCUSDT Price above $0.00015000 and it will Touch $0.00016000 price level. Its price now Big FVG area and touch the Dynamic Price level area. See on chart more Details
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
$BTC HITS $100K DoneDisclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
$ETH Road to $4K & Target Point 2 Done. see on chart...CRYPTOCAP:ETH Road to EUROTLX:4K & Target Point 2 Done. see on chart
CRYPTOCAP:ETH Price Now $3727 and waiting for Target Point 3
Ethereum Price Could Breakout Past $4,000, Where Is the Next Key Price Target.
Ethereum’s price has already shown significant resilience as the token broke above the $3000 and $3400 levels within the last few weeks. However, Ethereum’s price currently faces a minor consolidation with a 2.92% decline over the last 24 hours. Ethereum is currently trading for $3,631 with its trading volume up by 63.56%.
Despite this minor dip Ethereum’s on-chain metrics suggest strong bullish momentum. If Ethereum can maintain its position above the $3000 support it could target the closest resistance at $4,178.62. If Ethereum breaks above the $4000 milestone, market experts are projecting a massive rally towards the next price target at $4,652.23.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Precious Metals / Gold holding up in Oceania & Asia - Thursday
At the New York session yesterday Wednesday, Gold got sketchy as the price quickly sold-off below the critical 2500 level but it soon got support as a further sell-down in the Gold price was not warranted.
The Gold-price bottomed at 2494.03. As it recovered quickly with bulls stepping in the price got back above the 2500 zone. I advised here of bullish W/bottoms emerging on the lower-timeframes & I could see that as these W/bottoms were forming & getting written that there was plenty of support in the price above the 2500 level. We bought in and had a good ride to 2016 where I advised to take some profit off-the-table.
The USDX US$ index turned around mid-afternoon yesterday (Wednesday) in the New York session. Right now some 5 hours later just after the Thursday Asian session we are still seeing a turnaround in the USDX due to some oversold condition of it due to its selling off this week on weakness. I am monitoring it to see if and when it does turnaround again. The 4HR & Daily Stochastic seems to be coming into some support of its oversold condition but this weakness can reemerge at anytime. I will keep watching because of its impact on the Gold price.
The Vix-Index was a tad elevated during Wednesday trading but it has since come-off somewhat during Asian trading this Thursday which is probably good for the Gold price but that can vary somewhat depending on how much the VIX increases. During a huge rise in the VIX like we saw a couple of weeks ago the Gold price sold off very savagely.
I like these bullish patterns on Gold at the moment. I think if the USDX sells off again during Thursday then this pattern emerging on the lower and mid timeframes looks supportive for Gold.
The chart is a battleground, revealing who got crushed!In the early days of exchange trading, there was no technical possibility to visualize market quote movements, and traders analyzed ticker tapes. The real hype and massive interest in exchange speculation owe it to the technical possibility of displaying exchange information in the form of charts with ticks, bars, candles, and other more exotic ways of displaying price movements (Renko, Kagi). This led to a rapid growth of various schools of technical and graphical analysis. Just Google it, and you'll be overwhelmed by the sheer amount of info out there. It's like, every chart can be interpreted in a million ways, and three analysts will give you four different opinions on the same chart. It's crazy!
But after 15+ years of trading, I've come to realize that the essence of graphical analysis is all about finding the "suffering" market participants. Classic patterns make it easy to spot areas of market activity and where traders are piling in. I'll give you some examples, backed by data from open sources, that'll show you just how predictable retail traders can be.
Now, I know some experienced traders might say, "Patterns don't work, and this knowledge isn't enough." But I call BS - patterns do work, and the real question is who's extracting the most value from them? Of course, interpreting market patterns is just one piece of the puzzle.
Here's an analogy: think of experienced hunters preparing for a hunt. They don't just wander around looking for prey; they identify the habitats, study the location, and track the animal's migration paths. They have a plan, limited time, and the right gear to get the job done.
It's the same with pro traders with really big money. They plan and execute their strategy, using the behavior of less-informed participants in certain "hotspots" that attract retail traders like magnets. It's simple: a a newbie sees a market situation that looks just like one from a technical analysis book, and they're like, "Ah, I've got this!"
Alright, let's take a look at the current situation with the Euro. I've got a screenshot with the average long and short positions of retail traders marked on the chart. It's a 1-hour time frame, which is probably the most popular one, right? Think about it, why is this time frame so popular? The data is from an open source, as of Friday evening. Take a minute to study this chart. What catches your eye?
Let's zoom in and add some lines and arrows. Voilà! What do we see? The average long and short positions of participants (from the open source) almost perfectly match the breakouts of local highs and lows. This is what's called "trading the breakout" in the books.
We can make an intermediate conclusion: the "bulls" were encouraged to open positions and got stuck in a losing zone, while the "bears" are celebrating their victory, as the market is favoring them and they're in a small profit. In other words, the market sentiment is bearish.
Woohoo, case closed, let's go to short the Euro now!
And yes, and no! The Euro quotes have been below the average short position of traders since June 14th, for two whole weeks, inviting everyone to start shorting. Even a blind "bull" can see it's time to switch sides). Here are some more numbers from the open source: short positions on the Euro decreased by 11.55% last week , while bearish positions grew by 8.55% . These are broker-aggregated data, no insider info here. You can find them yourself if you put in some time and effort. These numbers, as you understand, confirm our hypothesis that this "shorting invitation" didn't go unnoticed.
Now, in the context of this article, think about it: "Will the 'Hunters' take advantage of this situation?" Or will the market take us all for a profitable ride? Oh boy...
Let's look at the current situation with the Yen. It's a 1-hour chart with opened buys and sell levels marked.
What can we conclude: a massive bearish candle clearly encouraged a lot of short positions to open, while the "bulls" opened at the upper range boundary during its test, and the market is favoring them, while the bears are suffering. But what's even more important, they're not just suffering, but also reversing the market. According to open data, the number of open short positions grew by 14.09% last week . Good luck to them in this tough business! However we should remember that short positions are closed at a stop-loss by "market buy" orders, which gives an impulse for further growth.
What do I want to convey with this article, what do I want to share with you, mates?
Evaluate market sentiment through the prism of "suffering" participants - that's, in my opinion, the best indicator!
Usefully utilize information from open sources about retail positioning, there's a lot of value in it.
Try to look at the chart with the eyes of a "hunter", search for traps set. Make such analysis a necessary part of your strategy to gain an edge, without which trading on markets is like playing "roulette".
It's a journey, folks. Some get it earlier, some later, but eventually, most traders come to realize they need to "dig deeper", learn more about market mechanics, and improve their strategies. It's a painful process, but it's worth it.
So, don't give up! Get back on your feet, and try again. As 50 Cent said: Get rich or die trying!
A Bitcoin Prediction (2024)In this chart, I uncover price levels across an identified cyclical pattern hidden within Bitcoin.
I was initially hesitant to publish this, as I had been pondering the theory for a few days. However, as the price approaches the Phase 2 level, I believe the timing cannot be ignored, and a reaction may be imminent as Bitcoin could be on the verge of breaking out into Phase 2... I've posted a screenshot prior to where BTC is now (below)
My discovery in finding this was not intentional nor was it believable. However, after identifying some familiar projective price targets deriving from Bitcoin's first cycle the compelling results left me intrigued and were enough for me to continue. Whilst continuously applying my method more and more results seemed to match with key pivotable phases. Once I hit 2020, I was sure to expect some variances, but to my surprise, there was not, and price levels were again matched to pivotable levels. It is to that point I followed through into 2024 and beyond. As stated in the chart there is no trickery rather, there is logic and reason. It appears, these predictions beyond 2024 are realistic and do not point to crazy moon boy levels. So with that, I leave this here to revisit and pay my respects.
Some Observational and Key Points:
I base some findings on a 2 x 8-year cycle rather than the conventional 4-year cycle. However, it may appear shorter than expected. Just as there are diminishing returns, there too is an aspect of diminishing cycle timing.
While cycles are often recognised by their low and high targets, not many observe the time it takes to surpass a previous all-time high (ATH) or low. This is interesting because Bitcoin does not exhibit this repetitive behaviour in its history.
I observed the peaks and troughs while noting the counts and periods across cycle phases and took a visual snapshot towards 2022-24 playing into more likely that of 2013-16.
I've projected 2 ATHs as a range due to the nature of placement. The first target is primary, and wicks above could stretch into the second. Projections are also based on a 2-week (close) timeframe.
Final comments:
This is not an indication to be mega bullish and is NFA. The chart merely highlights developments I've identified and is not certain to play out, although quite probable. It is more of a "let's look back and indulge" - at least for me.
Thanks and Enjoy!
The Unspoken Mystery behind SL Hunting - Example: EaseMyTripThe Unspoken Truth & Mystery behind Stop-Loss Hunting:
*** The Most Important Point ***
Many Training Academies & Experts say it is Most Critical to have SL, but where ? How much % ? In Equity Delivery Trading (Not F&O / Not Intraday) – when you have done thorough analysis of stock and sector, more than SL, patience is key. Understand the Unspoken Truth – In Trading, Money is not grown organically – the Loss of one person gets to another one as Profit.
If Everyone knows a scrip will bounce from a Strong Support – then how will Big Players make money ? By Cheating us, By Faking a Breakdown Scenario, By Stretching beyond our SLs. Although no one knows where we have placed our SLs, Big players know for the fact that a Retail trader won’t have their SLs beyond 10-15%. That’s the normal capacity. So, they try to shatter your patience, break your SL by a Fake Breakdown just beyond an average Retail player. Once our SLs have been hit, then they will pump in money aggressively to take the price Higher. This will hit the SLs of other set of Retail players who may have Shorted the scrip Intraday / F&O when the support was broken.
Voila – the Big Players now have hit SLs of Retail players on both sides and will take the price much higher. On a Chart – this will appear as “Wick” on higher timeframe. A proper Breakdown of Support on Daily timeframe will appear as Wick on Weekly and weekly breakdown appears as Wick on Monthly.
2) Pattern Negation:
While Taking a trade using Breakout patterns (Rounding Bottom, Inverted H&S, Cup & Handle etc…), the Pattern is Deemed as Negated when the price re-enters below the BO zone. But watch carefully on higher timeframe to ensure it is not a Fake Negation. At least we need to have patience to confirm negation of Pattern on Weekly Close. Even if it gets negated on Weekly – do not exit the trade on SL. Understand where the next major support is. Only if it is far down below – take a calculated decision to exit the trade on SL. Else hold patiently for the price to take support from the next Demand zone and bounce back. 9 out of 10 times (unless the sector itself is in negative sentiment) the price will bounce back / goes sideways accumulating power from the Demand zone.
In the case of EasemyTrip - The Falling Parallel Channel / Flag Pattern breakout happended on Weekly and it had to cross the resistance at 46 to be deemed a successful Breakout. But even after Breakout, the scrip started falling down sharply below the 46 Resistance zone on Daily. But look at the Weekly Candle - Only Wick below. for 2 Weeks Big Players tried to scare-off weak hands by faking Breakdown again and again on Daily Timeframe. But on Weekly - for both the weeks only Wick is below 46 and candle ended above 46 zone confirming the Flag Pattern Break-Out as Successful and Still Valid
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