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Crypto market

ADA Update after recent selloff (1D)BINANCE:ADAUSDT in the daily chart saw, as almost everything (stocks, cryptos etc.) a selloff after the FOMC meeting. I personally find it hilarious that, after all these bullish news, there only needs to be ONE bad or slightly negative news and boom, everyone panics. but here we go again: ADA didn't find support (as of now) on the Trendline since 2018. The most important part is now it HAS to find support above it again otherwise it can turn into resistance yet again and we just managed to push through it at the end of november. it kind of found support on the major resistance/support flip line (red) even tho it pushed through, if it holds/closes above it is just a liquidity grab but not a real weakness. same goes with the trendline of 2018. if we manage to get up to around 87cents before the day closes, we can assume the trendline to be still in tact (kind of) altho weakened.. so another clear bounce from that area would be nice to see before attempting higher. the CCI shows we are way oversold now (but it's not a reliable indicator in of itself). so since it couldn't attempt a push through the 161.8 fib extension (as I thought) before everything crashed, I think for now we can see a little consolidation before the uncertainty subsides. somehow I could imagine that the market will consolidate until 20th of january, just because the "uncertainty" of the trump effect will then be a fact or fiction. but we will see. in the greater picture of the crypto market, we saw a 31.78% correction with ADA before rebounding. the next days will tell if it goes down further to the POC (which is at 59 cents) or find support at either 80 or 87 cents (80 is red line, 87 is trendline). PS: if you'd draw fib levels from the recent high to the currently established low, our 50% fib level is at around 1.04 $ and the golden pocket coincides with the 161.8 fib extension level.
by mister_dukester
Analysis of Bitcoin Against the Dollar.Hello investors and speculators who follow me. Bitcoin has started a correction process from its last upward movement. Analyzing the Fibbonatti levels and the main support zones, I can see that the ideal buyback zone is in the range of 70 thousand dollars, because at this level there is a very strong support zone and it converges with the Fibo level of 618. If the price reaches this zone, I would expect either a large flush in the price or a reversal of the downward trend on the smaller 4 and 1 hour charts. Analysis of Bitcoin against the Dollar.
BITSTAMP:BTCUSDShort
by Bitnauta
TOTAL3 - UniverseMetta - Analysis#TOTAL3 - UniverseMetta - Analysis After reaching $1.16T, the chart formed a second peak, followed by a retest that completed a three-wave structure. The first target of the pattern has already been achieved. The next targets are $791.16B, with a worst-case scenario of $564.76B. However, the channel is still forming, and the price could remain within it. Historical analysis of year-end movements for major assets (BTC, ETH, SOL, etc.) indicates that prices often stay in a corrective phase (ABC structure) until the end of December, followed by growth. This is not financial advice, but rather an observation of past trends. Target levels: $791.16B - $564.76B
CRYPTOCAP:TOTAL3
by Trade-U-Metta
BTCUSDT - UniverseMetta - Analysis#BTCUSDT - UniverseMetta - Analysis After reaching its all-time high (ATH) of $108,300, the price has remained in a prolonged bullish trend. Currently, there are signs that the 5th wave of the global trend may have completed its formation. The price exiting the ascending channel suggests the beginning of an ABC corrective structure. Key support levels are at $91,000 and $85,000, where portfolio allocation can potentially be increased. Target levels: $91,000 - $71,000
Short
by Trade-U-Metta