BTC/USDT Long PositionThis analysis highlights a long position opportunity for BTC/USDT. The chart shows a clear breakout from the descending trendline (blue line), which typically indicates a shift to bullish momentum. Increasing trading volume supports the validity of this breakout.
Key Levels:
Entry Point: Around $96,150, where the breakout is confirmed.
Stop Loss: $93,390, set below the local support to minimize risk.
First Target (TP1): $99,033, aligning with the next resistance level.
Second Target (TP2): $102,297, coinciding with the upper trendline and a significant historical resistance level.
Analysis:
Bullish Breakout: The descending blue trendline has been broken, signaling a potential shift from bearish to bullish momentum.
Volume Confirmation: The breakout is accompanied by increased trading volume, indicating market participation in this move.
Risk-Reward Ratio: The trade offers an attractive risk-to-reward ratio, particularly with the higher target at $102,297.
This setup assumes continued bullish momentum, but traders should closely monitor Bitcoin’s price action and manage risk accordingly. Ensure proper position sizing and watch for any rejection signals near resistance levels.
Trend Lines
BTC IS UP SOONBTC has entered the support zone. Currently waiting for the 1-hour entry signal (built a new indicator). RSI 1-hour divergence, would be cool to see it also on 4h.
It gets bullish with a good entry soon. RM 1N6 pretty ok swing.
Indicator.
I’ve built a custom trend-based indicator that provides buy/sell signals with 80% efficiency. With a solid risk management (RM) strategy that includes simple stop-loss (SL) and stop-loss exit (SLX) rules, it can achieve near 100% effectiveness. It works across all timeframes—you just need to analyze each timeframe before entering a trade. The indicator highlights potential reversal zones based on the current trend and within 1 candle, making it ideal for scalping but also effective for longer positions, such as swing trading.
I’m still refining it, but unfortunately, TradingView (TW) isn’t the best platform for this type of code, so I’ll be exploring other options to complete the development of this trend-based signal indicator.
I'll post an example with open position to show it works within the next setup up if you are interested.
Let me know.
Bitcoin’s December Outlook: Consolidation or Trend Reversal?Bitcoin Bull Market: Is It Over? A Closer Look at December's Impact
Bitcoin (BTC) has demonstrated resilience in December, with a modest decline of less than 2.5% as traders anticipate the crucial monthly and yearly candle close.
BTC Price Performance in December
Despite being approximately $15,000 below its recent all-time highs, BTC/USD has only depreciated by 2.4% compared to its December opening. This positions Bitcoin as a strong performer in 2024, with the broader bull market narrative remaining intact upon a long-term perspective. Analysts project a potential 145% price increase for Bitcoin from this year's levels.
Key Insights for the Week
The coming week holds significant importance for Bitcoin's trajectory. A weekly candle close below $92,800 could signal the start of a bearish trend, potentially driving prices toward $79,580 and $71,400 in January. Conversely, if Bitcoin stabilizes above $92,800, it is likely to trade within the range of $92,800 to $103,760.
For a renewed bullish outlook, a daily candle close above $103,560 is critical, as it would pave the way for upward movements toward $127,510 and $149,100.
Key Levels to Watch
Pivot Line: $92,800
Support Levels: $79,580, $71,400, $64,920
Resistance Levels: $103,757, $127,511, $149,100
Trend Outlook
Consolidation: Between $92,800 and $103,760
Bearish Trend: Below $92,800
Bullish Momentum: Above $103,560
AUDUSD: Examining Key Historical Support LeveThe decline of the Australian dollar against the U.S. dollar was addressed in the previous analysis. However, the situation for this pair remains critical, and further declines are not unexpected. As shown on the chart, the next key support is at 0.6169. Yet, it seems likely that the pair may fall further, potentially rebounding from around 0.6, a historical demand zone.
If the 0.6169 support is broken, a deeper drop can be anticipated. But when can we be confident that the decline has ended? A positive reaction to the 0.6169 support, combined with a break of the downward trendline, could encourage buying this pair.
AUDUSD may fall below 0.6170On the weekly chart, AUDUSD maintains a downward trend, and the bearish pattern is dominant. At present, attention can be paid to the resistance near 0.6300. If the rebound does not break, the idea of short selling can be maintained. The support below is around 0.6170. If it falls below, it will go to the 0.6000 mark.
Things might be warming up for CELHCELH looks to be holding support on a rounded bottom pattern. I believe this could turn into a cup and handle which would help CELH break through a tough resistance it has faced in the past. This name has been beat up the whole year and I think it's time for it to start moving back higher.
CVS Health Corp | CVS | Long at $43Not much to write about here except the stock has reentered the "crash" simple moving average area (see green lines). Often, this signals an overall bottom, but it doesn't mean a further dip below $40 isn't possible in the near-term. Personally, I can't ignore this reentry and thus have started a position at $43 (after closing out a previous position in October in the $60's). The company has a lot of headwinds, but if Walgreens NASDAQ:WBA is also in trouble, is NYSE:CVS too big to fail in the short-term?
Target #1 = $53.00
Target #2 = $60.00
Target #3 = $65.00
Target #4 = $68.00
EURUSD → Consolidation in the selling zone. FX:EURUSD is coming out of a prolonged consolidation. As part of counter-trend correction, the price is testing the previously broken support and trying to consolidate in the selling zone.
The fundamental background has become sharply negative since last week, which generally determines the medium-term potential for the currency pair.
The rate cuts in the US have slowed down, but in Europe they are going to continue to cut rates. Trump's policy with his tariff system will also put negative pressure on the EURO.
Technically, against the background of a strong rallying dollar, the euro has almost no chance.
If the bears keep the defense below 1.0448 and focus on breaking the support, the currency pair may head towards 1.022 in the medium term.
Resistance levels: 1.0448, 1.053
Support levels: 1.033, 1.022
At the moment, the focus is on the two nearest resistances. It is possible to retest these zones and try to defend their borders from the buyer's side, but there are not many chances. A breakdown and fixing of the price in the selling zone will strengthen further decline.
Regards R. Linda!
USNAS100 / Price Momentum and Key Breakout Levels
Technical Analysis
The price exhibits bearish momentum as long as it trades below 21620, targeting 21360. However, the price is expected to consolidate between 21360 and 21630 until a breakout occurs.
A 4-hour candle close above 21630 will support a bullish move toward 21770 and 21900.
On the other hand, if the price stabilizes below 21360, the bearish trend is likely to continue toward 20980 and 20860.
Key Levels:
Pivot Point: 21530
Resistance Levels: 21630, 21770, 21900
Support Levels: 21370, 21215, 21070
Trend Outlook:
- Bearish Momentum: Stability below 21620
- Bullish Momentum: Stability above 21630
US30 Technical Analysis: Key Levels and Trend ScenariosTechnical Analysis
The price currently shows bearish momentum toward 42900 and 42770, after which it is expected to consolidate between 42900 and 43170 until a breakout occurs.
However, as long as the price trades below 43200 and 43350, the downward trend remains intact. To enter a bullish zone, the price must break above this range by closing a 4-hour candle above 43350.
Key Levels:
Pivot Point: 43060
Resistance Levels: 43160, 43350, 43650
Support Levels: 42770, 42580, 42390
Trend Outlook:
Bullish Momentum: Stabilized above 43350
Bearish Momentum: Stability below 42900
Consolidation: Between 42900 and 43160
CHFJPY: Pullback From ResistanceCHFJPY appears to be showing a bearish retracement after a recent test of a horizontal resistance level on an intraday or daily chart.
A signal of this pullback is the formation of a descending triangle pattern, with a confirmed breakout below its neckline.
It is likely that the price will drop to 173.39.
Is TAIKOUSDT Setting Up for a Bullish Breakout?Yello Paradisers ! #TAIKOUSDT is demonstrating impressive resilience amidst the market-wide dump, maintaining its position at critical support levels. Could this be the calm before the storm, signaling a significant move ahead? Let’s break it down.
💎#TAIKO has been trading above its crucial support zone for days, forming a stable foundation.This robust base suggests a strong probability of upward momentum.
💎The pair recently broke out of a descending trendline, retested it successfully on lower timeframes, and is showing early signs of strength.However, the market structure is still in flux, and a complete shift is yet to occur.
💎A pullback to the trendline is possible before any sustained upside move. This would allow the price to gather strength for its next leg up.
💎TAIKO is now trading just above the quarterly VWAP, which acts as a strong dynamic support. This adds confluence to the bullish narrative, suggesting that bulls are active and preparing for an upward push.
💎Immediate resistance lies at $2.32–$2.39. Once flipped into support, this could pave the way for a push towards the next significant resistance at $2.79–$2.88.
💎For the bullish scenario to remain valid, the price must hold above the major support zone. A decisive candle close below this level could signal a shift in momentum and invalidate the upside potential.
💎TAIKO's near-term trajectory will depend heavily on how it handles the retests of key support and resistance zones. A breakout above resistance could trigger a strong rally, while failure to hold critical levels might indicate more downside pressure.
💎As always, patience and discipline are key. The market rewards those who wait for clear confirmations before taking action. Will TAIKO achieve a bullish structure shift and outperform the market? Time will tell, but the signs are promising.
Consistency, patience, and strategic execution are the keys to long-term success. Remember, Paradisers, trading is a game of probabilities, not guarantees. Stay disciplined, and let the market come to you. Always wait for the best setups.
MyCryptoParadise
iFeel the success🌴
XAUUSD GOLD Swing TradeHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .