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Bitcoin Trade Setup – Jan 21📊 BITMEX:XBT Bitcoin Trade Setup – Jan 21 Hey Traders! Here’s our setup for BTC-USD (Bitcoin)! ₿ 📌 Plan of Action: We’re holding off for now—waiting for this last 10days of January for clear market sentiment and crypto pro report from the US. No pending orders, just market orders when conditions are right. 📈 Buy Entry Condition: A clear breakout above $110,000 with a confirmed candle close will signal a buy opportunity. 💡 Key Points: The setup hints at a short-term breakout with a retest, leading to a textbook ABC Elliot wave trend continuation. The 38.2% Fibonacci Trend SR still serve as a strong resistance, and when broken becomes a strong support aligning with a bullish fundamental outlook. Avoid sell traps—stick to the trend! ⚙️ Next Step: Set up your chart, place alerts, and wait for confirmation. Share your thoughts or questions in ⁠💬 Comment below Cheers, and happy trading! 🫡
COINBASE:BTCUSDLong
by niclaxfx
Bitcoin Targeting $116,000The price is currently consolidating within a parallel channel, indicating a period of stable movement. Given the increasing market volume and the political shift following Donald Trump’s election as president, we anticipate a surge in trading activity that could lead to a notable rise in prices. As the market responds to these developments, we expect the channel to break to the upside in the coming days. This breakout is likely to generate significant upward momentum, with a minimum expected profit of 10%. The combination of stronger market volume and the potential impact of political changes suggests a favorable outlook. Traders should be prepared for a potential rally, as these factors align to drive the price higher. We remain optimistic about the short-term prospects based on these market dynamics. Our team's main opinion is: The price is currently in a parallel channel, and with increased market volume and Trump’s election, we expect a price surge and a breakout upwards in the next few days, leading to at least a 10% profit.
Long
by Ameer-Trader
$TIA: Ready to Breakout After 5 Months of Consolidation? I think LSE:TIA is finally primed for a breakout after spending the last five months consolidating in the tight $4–$6 range. The lows have been respected multiple times, and we're now seeing the buildup of potential for a significant move. I’m eyeing an entry at $4.85, which would be a perfect spot to load up if we get a retrace into that zone. If it does dip back there, it's a max bid scenario for me. However, I'm also prepared to jump in a bit higher if needed, especially if I get left behind as the breakout gains momentum. It's a balancing act between waiting for the perfect entry and not missing out on the move entirely. Let’s see how it plays out—I'm keeping a close watch!
Long
by ZelfTrade
BTCUSDI deeply apologize for that last idea. I was away from my laptop & didn't think the app was going to be that horrible. But here we are... On the brink of what I believe to be a Higher TF Bearish leg, which will also be considered as a Higher TF Retracement. If not, we may see Price continue to the upside after retesting the Daily BOS & rise into New All Time High's. We'll see where Price closes today & evaluate then. _SnipeGoat_ _TheeCandleReadingGURU_ #PriceAction #MarketStructure #TechnicalAnalysis #Bearish #Bullish #Bitcoin #Crypto #BTCUSD #Forex #NakedChartReader #ZEROindicators #ScalpingTrader #IntradayTrader #DayTrader #SwingTrader #PositionalTrader #HighLevelTrader #MambaMentality #GodMode #UltraInstinct #TheeBibleStrategy
BITSTAMP:BTCUSD
by TheeSnipeGoat
TON USDTTon usdt, on the weekly timeframe, is currently in a range (reaccumulation zone), and we are now at the bottom of this range. The second observation, which can be seen on the daily timeframe, is that we had a well-known “Three Touch Pattern” in this timeframe, and to some extent, the zone has been faked out, considering the price closed above 5.5. Additionally, on the daily timeframe, we also have a trendline, and breaking it can confirm the bullish move. I’d like to hear your opinion on this.
Long
by Feisalbaloch
Solana's Pump fun Deposits $28M SOL Amid Class Action LawsuitSolana ( CRYPTOCAP:SOL ), a high-performance blockchain network, has found itself in the spotlight once again, thanks to its association with Pump.fun—a Solana-based meme coin launchpad. Pump.fun’s recent activities, including significant deposits and a federal class action lawsuit, have spurred discussions around Solana’s price movements and market outlook. This article explores the technical and fundamental aspects of Solana’s current state. Pump.fun’s Controversial Operations and Solana Deposits Pump.fun, a leading player in the Solana ecosystem, has facilitated the creation of over six million tokens. According to Lookonchain, Pump.fun recently deposited 116,055 SOL (valued at $28 million) to Kraken, bringing its total deposits to 1,901,332 SOL, worth approximately $386.8 million. These transactions, coupled with $41.64 million in USDC generated from SOL sales, highlight Pump.fun’s substantial influence within the Solana network. However, Pump.fun is under fire due to a class action lawsuit filed by Burwick Law and Wolf Popper LLP. The lawsuit alleges that Pump.fun engaged in exploitative practices, including issuing volatile and unregistered tokens, and promoting hate speech on its platform. The legal scrutiny intensifies as reports reveal that Pump.fun earned $572 million in fees, yet only 0.41% of its wallets achieved profits exceeding $10,000. Critics argue that the platform disproportionately benefits a select few, while the majority of users incur losses. Technical Analysis of Solana’s Price Movement Despite the controversy surrounding Pump.fun, Solana’s price has demonstrated resilience. Currently trading within the $230–$250 range, Solana’s price action is consolidating after reaching a high of $290. This consolidation phase is pivotal, as it sets the stage for the next significant price movement. Key Technical Indicators: 1. Support and Resistance Levels: - Immediate support: $216 - Immediate resistance: $260 and $290 - A breakout above $290 could propel Solana’s price to $360, aligning with bullish projections. 2. Relative Strength Index (RSI): - RSI stands at 58, indicating moderate bullish momentum. - The RSI suggests that Solana is not overbought, leaving room for further price appreciation. 3. Chaikin Money Flow (CMF): - CMF value: +0.05, reflecting sustained capital inflows. - Positive CMF values indicate strong investor confidence and potential for further gains. Fundamental Outlook for Solana Solana’s ecosystem remains robust despite the challenges posed by Pump.fun’s legal issues. The blockchain’s high throughput and low transaction costs continue to attract developers and users alike. Pump.fun’s significant transactions underscore Solana’s role as a preferred network for large-scale operations, albeit with controversies. The ongoing lawsuit against Pump.fun could have mixed implications for Solana. On one hand, increased scrutiny may tarnish its reputation temporarily. On the other hand, resolving these issues could lead to greater transparency and trust in the network. Market Sentiment and Price Outlook Solana’s current consolidation suggests that the market is waiting for a catalyst to determine the next trend. The following scenarios could influence its price trajectory: 1. Bullish Scenario: - A breakout above $290 could lead to a rally toward $360, driven by continued capital inflows and bullish sentiment. - Positive developments in the Pump.fun lawsuit could restore investor confidence. 2. Bearish Scenario: - Failure to hold the $216 support level could result in a retracement to lower levels. - Prolonged legal issues or adverse outcomes for Pump.fun could dampen market sentiment. Conclusion Solana’s association with Pump.fun has placed it under the microscope, but the blockchain’s technical and fundamental strengths remain intact. While the legal challenges surrounding Pump.fun add an element of uncertainty, Solana’s price action indicates potential for a breakout, provided it overcomes key resistance levels. Investors should closely monitor developments in the Pump.fun lawsuit and Solana’s price movements. With its RSI signaling moderate bullish momentum and CMF values pointing to sustained capital inflows, Solana is well-positioned for a potential rally. However, caution is warranted, as external factors could influence its trajectory in the short term.
COINBASE:SOLUSDLong
by DEXWireNews
VanryTechnical Analysis for VANRY/USDT The chart depicts a 3-day timeframe, highlighting a Descending Channel that has guided the price movement consistently lower. Within this channel, a more compact pattern, known as a Falling Wedge, has emerged, which is often considered a bullish formation with the potential for an upward breakout. Key Highlights of the Analysis: Descending Channel: This channel is defined by parallel descending trendlines of resistance and support. The price has been moving within these boundaries consistently. Falling Wedge: Inside the channel, the price forms a converging structure, signaling a slowdown in selling pressure and a potential increase in buying interest near support levels. Strong Support: A significant support zone is identified around $0.0609 - $0.0887, where the price has shown resilience previously. This area could act as a critical level for a potential reversal. Potential Breakout: If the price successfully breaks above the Falling Wedge's upper trendline, a strong upward move is possible, targeting the previous resistance levels at $0.1177 and possibly beyond $0.1500. RSI Indicator: Currently near 42, the RSI suggests the price remains in a neutral zone, leaving room for an upward movement, especially following a breakout.
Long
by gimferati