BTC DOMINANCE- BEARISH AFLife and Trading: Decisions Shape Outcomes
Life can shift dramatically in a single day—either for the better or worse. Everything boils down to the decisions you make, whether in heated moments or calm reflection. When chaos and panic dominate, your best refuge lies in creativity, knowledge and balls.
During the recent shakeout, I stayed silent—not because I lacked an opinion, but because moments like these require clarity. It’s like a car crash—you first ensure your safety before analyzing the damage. So, I distanced myself from the noise and dove deep into the charts.
Key Observations: Bitcoin Dominance
Bitcoin dominance, a critical indicator during altcoin crashes, was rising but met resistance at significant levels. Bearish arguments at that time included:
Weekly Bearish FVG respected
Daily Bearish FVG respected
Trendline retest confirming the break
Current Bearish Arguments:
PMH & PML respected
PWH & PWL respected
Weekly and Daily Bearish FVG respected
4H swing highs/lows respected
4H Bearish FVG respected
Strategy:
Given these signals, it’s tempting to go all-in on altcoins. However, I anticipate a ranging market until Christmas, followed by a dip below the 50% level—a precursor to a true altcoin bull market.
Be cautious: I expect another shakeout around December 18 or 23, where I plan to take significant positions. Always have a clear entry and exit plan to navigate these volatile waters.
Follow me to stay updated, and remember—this market rewards patience and preparation.
God bless you.
-Jay
Retest-structure
ETH ANALYSIS (update)🔮 #ETH Analysis - Update 🚀🚀
💲 As we said earlier #ETH performed the same. Right now #ETH is trading around its major resistance zone and if the price closes above the resistance zone then we would achieve our new Target otherwise it will retest first then a bullish move will be seen.
💸Current Price -- $3970
📈Target Price -- $4440
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ETH #Cryptocurrency #Breakout #DYOR
All Time Highs on the Horizon!!!Price is on a Bullish Up trend In a Current Retracement.
This Thesis uses several different concepts. Based off of Market structure, support & resistance, RSI Divergence, Fib lvl's, ICT Concepts,
Daily: Bullish, Price is Rejecting Bullish TL and Testing structure , 61.8 prz (Daily Breaker Block forming)
H4: Bullish, Morning star R Pattern at H4 lvl
H1: Bearish (Wait for price action to return Bullish before entering)
Thesis:
Looking for price to bullish break H4 lvl to order block
and retest back to daily lvl 20595 / previous structure high zone, for bullish entry.
Notes:
price has a overall retracement 61.8 prz
Price rejecting off bullish Trend line
Price rejecting 4H FVG
H4 Hidden Bullish Divergence
Daily Bullish Breaker Block
Cons:
-4H could be a Head and shoulders Pattern if price rejects and doesn't break through Daily lvl 20595
Wait for H1 Time frame and Execution time frames to line up with macro Bullish Trend before Executing!
TP1: 21,150
TP2: 21,468 (ATH)
TP3: 22,242 Stretch Goal (ATH)
USDCAD We hit our First POI point. We needed to wait to observe the shift in the market structure with the bullish bias.
This is confirmed by the change of the market direction after breaking the last Lower High to create a new High.
On this direction bias, we notice that there are new breaks of structure that were caused by a consolidation or correction that pushed to break the previous high on that developing bullish leg, the correction was not retested, or mitigated.
Right here around this zone, we are starting to see the price coming back,
use your learnt entry models in the lower time frame structures to facilitate a roper entry.
GOOD LUCK
BTC Trading in Price Discovery Zones (Price analysis)Bitcoin in Price Discovery: Understanding and Trading in Uncharted Territory
When Bitcoin or any asset reaches an all-time high (ATH), it enters a phase known as price discovery. In this phase, the market operates without historical price references, navigating uncharted territory to determine fair value. For traders and investors, this presents both an opportunity and a challenge. Employing techniques like Elliott Wave Theory and analyzing price and volume dynamics can help strategize trades during this unique phase.
What is Price Discovery?
Price discovery occurs when an asset ventures into price levels it has never reached before—most often at its ATH. Without prior data for resistance or support, the market relies on demand, supply, and speculation to set new price benchmarks. Understanding how price reacts in this phase requires both macro and micro analysis.
Elliott Wave Theory in Price Discovery
Elliott Wave Theory offers a framework for understanding market psychology and price movements. In the context of price discovery, the B Wave of an Elliott Wave formation plays a pivotal role:
Identifying the B Wave and Pullback Zones
The B Wave represents a pullback into a range after an impulsive move upward (Wave A).
Mark the peak of the impulsive move (A) and the bottom of the pullback (B).
Project this range forward in time to identify potential support zones.
Support Zones in Price Discovery
The previous high (Wave A peak) forms the top of the support zone.
The B Wave low forms the bottom of the support zone.
Once the price pulls back into this zone, it signals a potential retest of the support, offering opportunities for reentry into the trend.
Drilling Down: Smaller Timeframes for Confirmation
When Bitcoin retests these support zones, zoom into smaller timeframes to assess price reaction and volume behavior. Look for:
Bullish Change in the State of Delivery: This includes higher highs and higher lows, increased buying volume, and bullish candlestick patterns such as engulfing candles or hammer formations.
Volume Confirmation: Strong volume on upward moves and decreasing volume during pullbacks indicate sustained bullish momentum.
At these support zones, the price is likely to resume its bullish trend if the market shows these signs of strength.
Managing Risk in Price Discovery Zones
Despite bullish setups, price discovery is volatile, and false breakouts can occur. To safeguard trades:
Watch for Fair Value Gaps (FVGs)
Look for large, unfilled price gaps from prior resistance areas.
These gaps might signal areas where the price could retrace deeper before confirming support.
Adjust Entries and Stop Losses
If price breaks below the initial support zone (top of Wave A), it may retest the bottom of the B Wave for further consolidation.
Set stop losses below the bottom of the B Wave to protect against unexpected reversals.
Evaluate Volume-Driven Moves
Weak volume during a retest could indicate insufficient demand to support the price, suggesting a deeper pullback or reversal is more likely.
--------------------------
Price discovery is one of the most exciting and rewarding phases for traders who know how to approach it. By using Elliott Wave Theory, you can pinpoint key support zones, especially around the B Wave pullbacks, and then confirm your setups by analyzing price action and volume.
The key here is patience and precision. Let the price come to those critical zones you’ve marked, watch how it reacts, and make your move confidently. Stay flexible, though—price discovery is unpredictable, and managing your risk is crucial if you want to make the most out of this high-potential phase in Bitcoin’s journey.
PEPE ANALYSIS (update)🔮 #PEPE Analysis - Update 🚀🚀
💲 As we said earlier #PEPE performed the same. More than 48% move already done in #PEPE. Now we can see a little retest towards it's major support zone and after that a bullish move would be seen
💸Current Price -- $0.00001109
📈Target Price -- $0.00001670
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#PEPE #Cryptocurrency #Breakout #DYOR
Natco Pharma Breakout Retest! 🚀
Hey Dosto! 👋
🔍 Chart Analysis: Natco Pharma - CMP 980 📊
🚀 Reasons for Trade:
Strong Uptrend
Cup and Handle Breakout Retest
💹 Trade Details:
CMP: 980
SL: 918
Targets: 1090, 1188
🌟 Why Natco Pharma? After a cup and handle breakout, Natco Pharma has retraced for a retest, indicating potential upward momentum.
💡 Trade Strategy:
📈 Enter after retest confirmation.
⚖️ Set SL at 918.
🎯 Targets at 1050, 1110, and 1200.
📈 Disclaimer: I'm not a SEBI registered analyst. Trade at your own discretion.
🚀 Excited about this trade? Share your thoughts below! Let's discuss! 🤝💬
#NatcoPharma #StockMarket #TradeAlert #TechnicalAnalysis #BreakoutRetest 📈✨
Be careful with BTC here..Even tho BTC is up 10% today I would'nt get my hopes all the way up just yet.
Something interesting is happening here.. History shows: every time 20 & 50MA line crossed the 200MA line to the downside in the past, BTC went into a full on bear market.
20 & 50 MA is still just above 200MA, but a cross to the downside could give confirmation we need for a bearish trend.
A good short opportunity in my opinion is therefore a trade with entry at the 200 day mooving average. Stop loss can be placed above 20 & 50 MA or above the decending channel top if you want to give the market more room..
It's a trade worth taking even tho we could break the ressistance and go into price discovery aswell.
A short term target would be a test of the support we had at 56 500 and a intra- day target would be at the low end of the channel at about 50-52k.
Make sure to follow me on X for more weekly updates: @PuppyNakamoto
Our wolf pack are hunting for profits, one block at a time..🐺
BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSD KRAKEN:BTCUSD BITFINEX:BTCUSD
Meta Platforms - Flying under the radar...NASDAQ:META just rallied +500% without any correction and might create a top formation soon.
Sometimes the trading gods are sending us gifts from heaven. We received such a gift back in 2022 when Meta Platforms - out of nowhere - corrected -70% and perfectly retested the lower support of the reverse triangle formation. After the +500% rally from there, it is quite likely that we will see a short term retracement. But the overall trend is still clearly towards the upside!
Levels to watch: $530
Keep your long term vision,
Philip - BasicTrading
Alphabet - It is just a textbook company!NASDAQ:GOOGL has been one of the best performing stocks over the previous decade.
The most profitable stocks are the ones which trade under the radar. And Alphabet (Google) is definitely one of these stocks which is simply trending higher, providing textbook trading opportunities and not a "hype" stock. Slow and steady wins the race, but you have to be careful that you don't miss your chances. After a retest of the breakout level, you can enter a long trade.
Levels to watch: $150
Keep your long term vision,
Philip - BasicTrading
EURAUDEURAUD was trading under declining trendline. The price was reacting well the support and resistance of trendline .
Currently the price has given the massive breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 1.6500
What you guys think of this idea?
OPUSDTOPUSDT was trading under the declining trendline. The price was reacting well the support and resistance of trendline
Currently the price has given the breakout from declining trendline with confluence to strong bullish divergence and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 4
What you guys think of this idea?
Ethereum: Bullish Reversal Confirmed !!!Ethereum (ETH) has been in a downtrend since November 2021. The price has been respecting the descending trendline and making lower highs and lower lows. However, the price recently broke out above the trendline and formed a three drives pattern.
The descending trendline:
The descending trendline is a bearish pattern that is characterized by two converging trendlines, one connecting lower highs and the other connecting higher lows. The price typically breaks down below the lower trendline, signaling a continuation of the downtrend.
The three drives pattern:
The three drives pattern is a bullish reversal pattern that is characterized by three consecutive rallies, with each rally being higher than the previous one. The pattern is confirmed when the price breaks out above the resistance level.
The breakout:
The price broke out above the descending trendline on March 14, 2023. This breakout was confirmed by the three drives pattern.
The retest:
The price has since retested the broken trendline and held. This retest confirms the bullish reversal and suggests that the price is likely to continue to rise in the near future.
Bullish targets:
The first bullish target is the $3,500 level, which is the top of the descending trendline. Further upside could see the price reach $4,000 or even higher.
Conclusion:
The Ethereum chart shows a bullish pattern. The price has broken out of a descending trendline and formed a three drives pattern. This suggests that the price is likely to continue to rise in the near future. Investors should always do their own research before investing in any cryptocurrency.
BANKNIFTY TRADE OPPBANKNIFTY TRADE OPP
As you can see the BANKNIFTY has broken out the h&S neckline.
now we are in retest phase. if it comes to the neckline and find support of neckline we can see a blast upside.
Same structure is observed in the hdfcbank.
this is not in any means a trade/invest advice. pls consult your fa for any buy sell Reco.
thank you.