EIGEN TREND DIRECTIOONAL CORRCTION CHANNEL as we can see in the chart eigen is in a trend directional BINANCE:EIGENUSDT is in a uprising channel if the current btc uptrend we can expect eigen to be the one of stronger assets i think everything is obvious enough in the chart i"ll be really thankful if you share your idea about this analysis and what you think about the current trend of the market
1-BTCUSD
December 18 Bitcoin Bybit chart analysisHello
It's a Bitcoinguide.
If you have a "follower"
You can receive comment notifications on real-time travel routes and major sections.
If my analysis is helpful,
Please would like one booster button at the bottom.
Above is the 30-minute Tether Dominance chart.
Roughly, it should proceed as the blue finger moves,
and the beat should move in the opposite direction, right?
If I explain it, it may take all night,
so please refer only to the drawing section and major price ranges.
This is the Bitcoin 30-minute chart.
The FOMC US interest rate announcement is at 4 a.m.
Since the no-questions-asked decline yesterday,
the mid-term pattern has also been broken, so there have been a lot of turning points.
The strategy is going to be one-way,
but I don't know how to explain the mid-term turning point.
The secret section at the bottom is the Gap8 section,
and when I draw it, it seems impossible if it doesn't fall right away from the current position.
To summarize,
*The blue finger movement path is a two-way neutral
short->long switching strategy.
1. $106,394 short position entry section / red resistance line breakthrough or top section
touching is the stop loss price
2. $104,310.5 long position switching / stop loss price when the green support line is broken
After the final long position switching,
I don't know how it will move. Long target price is Top and I'd like to talk again tomorrow.
The purple support line drawn from the current position basically has to be maintained for the strategy to succeed, so please watch closely.
Orange resistance line breakthrough -> Purple support line must be damaged or separated.
... It's hard to explain.
Also, the movement within the convergence section of the orange resistance line in section 1 and the green support line in section 2 marked above and below is a sideways movement.
If it falls right from the current position or falls after section 1,
the section 2 at the bottom becomes the final long position entry section.
(section 1 is the first short position entry section of today)
section 3 is the support line of the 4-hour Bollinger Band.
It's around section 4+6 where the mid-term pattern is restored.
It becomes today's major support line,
and the bottom section is the center line of the 12-hour Bollinger Band chart.
Overall, if only the green support line is maintained,
it would be best for a long position.
I marked a thin gray line below the bottom,
which is a mid-term trend line.
Since the low point continues to rise,
if this position is not broken,
the uptrend can continue.
Up to this point, please use my analysis as a reference and only
I hope you operate safely with principle trading and stop loss prices.
Thank you.
BITCOIN Will the Channel Up hold or has the Fed condemned it?Bitcoin (BTCUSD) is having an impressive sustainable price action within the Channel Up pattern since November 12, which despite yesterday's Fed fueled pull-back, is still holding. If it holds, it may follow the same pattern that it did exactly 1 year ago.
As you see, it was again in November 2023 that it traded within a Channel Up, which was supported by the 4H MA200 (orange trend-line) since October 11. After it broke out, the price reached the 7.0 Fibonacci extension level from the October low, before correcting again.
The situation is very similar today, the 4H MA200 is also holding since Oct 11, the price also formed a 4H Golden Cross on Sep 18, while both fractals started their impressive rallies around the same date (Sep 06 2023 and Sep 11 2024 respectively).
As a result, if the 4H MA200 holds, we can expect BTC to target the 7.0 Fib ext next at $135000.
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Heading into 50% Fibonacci resistance?The Bitcoin (BTC/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 102,858.96
1st Support: 94,387.12
1st Resistance: 108,432.84
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Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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Bitcoin Likely to See Slow and Choppy Price ActionBitcoin has re-entered the range zone between $99,108 and $103,033, suggesting that we may experience slow and choppy price action in the coming days.
1. For now, Bitcoin has established support at $99,108, which could lead to increased bullish momentum toward the upper boundary of the range at $103,033. This move could occur from the current price level or after a dip back to $99,108 (dashed green projection).
2. A strong breakout above $103,033 with sustained momentum would turn Bitcoin bullish on the 4-hour chart and could set the stage for a rally toward $107,658, the next significant resistance zone (solid green projection).
3. If Bitcoin fails to hold support at $99,108 and breaks below this level, the chart would turn bearish (dashed red projection). The bulls’ last line of defense is at $97,000. A breach below this level could lead to intensified bearish pressure, driving the price toward the $94,500 support zone (solid red projection).
Consolidation within the $99,108 to $103,033 range, with Bitcoin maintaining a moderately bullish bias, could create favorable conditions for Altcoins to perform well.
DXY (THE DOLLAR INDEX)1. If the Dollar Breaks Out Above Resistance
This scenario indicates bullish momentum, meaning the dollar could strengthen further.
Implications:
Continuation of Uptrend: Breaking resistance often signals strong buying interest or positive sentiment.
Next Target: The price may move toward the next resistance level or a new high.
Market Sentiment: This could result from strong economic data, higher interest rate expectations, or geopolitical factors favoring the dollar.
Traders’ Actions:
Enter long (buy) positions after confirming the breakout.
Set stop-loss orders just below the breakout level to manage risk.
---
2. If the Dollar Fails to Break Resistance
This scenario indicates a potential reversal or consolidation below the resistance level.
Implications:
Reversal to Downtrend: Failure to break resistance often signals profit-taking or bearish sentiment.
Support Retest: The price might fall to test lower support levels.
Market Sentiment: This could occur due to weak economic data, dovish central bank policies, or stronger foreign currencies.
Traders’ Actions:
Consider short (sell) positions if rejection at resistance is confirmed.
Monitor for bearish patterns (e.g., double top or bearish engulfing candles).
---
Confirmation is Key
Volume Analysis: A breakout with high volume is more reliable, while rejection with high selling volume confirms resistance.
Economic Data Events: Major announcements like interest rate decisions or employment data can influence the direction.
Would you like help with specific dollar pairs or technical analysis?
Bitcoin, we're testing a correction...Bitcoin, we're testing a correction...
Not to scare anyone, testing 3 situations..... on the last developed tool.
1. growth on the last 2 fractal structures is over, so a fall follows and the trend will change, but the older structure allows maximum growth around 118000.
2. a global decline follows around 46/43000 and then 37/36000/ on the current chart.
3. very, very soon we are in for a correction in the 66666 area..... many altcoins will probably make a new low and then a rapid rise - here I am testing a correction following a growth pattern. ....
I wrote for the future.
...This is not investment advice.
...If anyone finds my postings useful and wants to thank me, they can always find me in the comments.
Disclaimer, the author of this article has not and will not open positions in bitcoins, this article is a way to analyze the price, do not open positions based on the above.
Bitcoin 30% correction Warning Extreme Greed 🔸Hello traders, today let's review 8hour price chart for BTCUSD and potential reversal zones. This market is maxed out already / overheated. I'm expecting a 30% correction into end of January 2025 🆘.
🔸All the positive mid-term catalysts are already priced in the current market price, there are no further catalysts until DJT Inaguration. Therefore, expecting 30% correction based on extreme greed conditions.
🔸Recommended strategy for position traders: Short sell at market, SL
at recent high, TP1 80 000 USD TP2 75 000 USD. swing trade setup so
naturally takes more time to complete. Bulls should exit the market and wait for a better entry price later in January 2025.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
ETHUSD 12h 20% pullback SHORT from BEAR Order Block🔸Hello traders, today let's review 12hour price chart for ETHUSD . strong gains recently off the range lows ,however currently upside
limited by heavy sell side liquidity / order block at 3800/3850 usd.
🔸Trading right now at 3660 USD, impressive recovery off the lows
however sell side liquidity / order block at 3800/3850 caps immediate
upside, therefore bulls should be cautious with new buys since
I'm expecting pullback once we trigger overhead liquidity.
🔸Recommended strategy: SHORT SELL from overhead resistance
at 3800/3850 USD, SL 3950 USD, TP1 3550 TP2 3150 USD. 20%
unleveraged gains off the highs, expecting pullback. good luck!
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
BTC ABOUT TO DUMP?The daily time frame candle from yesterday provides a significant reversal indication. on the monthly and weekly there is also clear exhaustion being shown representing positions being liquidated.
The bears could potentially take over very soon for a bear market as we enter into 2025.
Satoshi- Over time, everything diminishes, including opportunities.
- You won't achieve the same percentage gains as those who joined in 2011.
- However, when you calculate and compare these numbers with inflation, you'll find yourself consistently on the winning side.
- One day, people won’t measure value in BTC anymore. They’ll measure it in Satoshis.
- It's still early, secure your financial freedom.
Happy Tr4Ding !
BITCOIN SELL TO $86,000!BITCOIN SELL TO $86,000!
Looking to short BTC as price action on smaller TF is offering a shift in market structure.
⭕️Wave 3-5 Impulse Move Complete (Major Wave 3).
⭕️Waiting On 3 Sub-Waves (A,B,C) Correction (Major Wave 4).
⭕️Choppy Price Action From Buyers.
⭕️Multiple Wick Rejections Within 1 Range.
TP1: $97,250.
TP2: $86,000.
100k BTC appears to be in the LPSY stage of Wyckoff DistributionCompare the chart with the final stages of a Wyckoff distribution cycle chart and you can easily see with are in the final stages of the LPSY phase. I expect BTC to open to the upside during London open or NYSE open then crash quickly.
Trade carefully.
Bitcoin What to do and where to run to?Bitcoin What to do and where to run to?
Friends, don't forget to click like 🚀 under the idea, it's important.
Divergence in trading is a multidirectional movement of the price chart and indicator. On the chart, the price of an asset moves in one direction, while the technical indicator that follows it moves in the opposite direction.
Divergence warns that the current price trend may weaken and in some cases may lead to a change in price direction.
In this case, we observe a double bearish divergence on the 1D timeframe. This is a powerful correction signal. All traders see it, which will logically lead to fixing positions or opening shorts.
What will happen next?
Two main scenarios now:
1. Sellers are active and as a consequence - local correction and sideways from current values.
2. Sellers are active, but the market maker is pushing prices higher and removing sellers' stops. This will lead to a triple divergence and will further strengthen the sellers. As a result - a powerful correction and trading at the lower levels.
At the moment, both scenarios have equal priority and the decision will be determined by the balance of power in the moment. The scales of the market maker may tip to either side.
Write in the comments, what is your mood? Do you want to sell or strong hold?
3 Scenarios for BitcoinWhen a trend of the peaks that Bitcoin has made since 2016 is taken, we see that after each peak that uses this trend as resistance, Bitcoin enters a correction process up to the HP filter.
Bitcoin, which has done this 3 times in history, is doing it right now. In addition, when I apply a Fibonacci analysis to each correction, I clearly see that Bitcoin is currently in the Fibonacci target area of the last bear season.
There are 3 options for Bitcoin right now. Either it will break this trend for the first time and run without any corrections until at least $120k, or it will be rejected from the trend and pull back to $90k, which the HP filter will reach, and then try the trend once more. On the contrary, the worst case scenario is that it will close below the HP filter for the week and fall to $60k, which means bear season.
Even if the bear season comes, I will switch to the buying side since I think Bitcoin will eventually reach $1m. Therefore, it does not matter how many dollars it is for me.
SPY/QQQ Plan Your Trade For 12-18 : Gap Up LowerPay attention to the SPDR Sectors and how they appear to be moving downward (potentially rolling into a topping pattern).
I believe the US markets may roll into a topping pattern before the January inauguration. President Biden could throw a bunch of curveballs at the US before he ends his term.
I urge traders to stay agile and protect assets. We'll have lots of time to deploy our capital after the Inauguration event.
With only a week before Christmas, I urge everyone to start trading much smaller positions and prepare for a very light trading week through Christmas.
Remember, the markets typically begin to move more aggressively after January 7-10.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
META 529 AFTER EARNINGS ? REASONS WHY !!
AI Integration and Advancements: Meta has been prioritizing the integration of artificial intelligence across its applications, which has played a crucial role in the company’s rally2. The market has responded positively to Meta’s efforts in developing and monetizing AI applications, leading to a boost in the stock price.
2. Digital Advertising Market Recovery: The digital advertising market has seen a rebound, which has directly benefited Meta’s core revenue stream. As one of the leaders in digital advertising, Meta’s financial performance has improved with the market’s recovery.
3. Operational Cost Reduction: Meta has implemented several rounds of layoffs, reducing its operating costs significantly. This move has improved the company’s profitability and margins, making it more attractive to investors.
4. Strategic Shifts: Meta has made strategic shifts, such as scaling back its investments in the metaverse, which were initially met with skepticism. This change in strategy has improved investor confidence and contributed to the stock’s growth.
5. Market Conditions: The overall market conditions, including interest rates and economic policies, have also played a role in Meta’s stock performance. A favorable environment for tech stocks has helped propel Meta’s stock to new heights.
BITCOIN (BTCUSD): Bullish Move From Support Confirmed
Looks like Bitcoin is going to pullback from a key intraday/daily horizontal support.
As a confirmation, I spotted a tine cup & handle pattern on an hourly.
The price will go up and reach at least 105291 level soon.
❤️Please, support my work with like, thank you!❤️
BITCOIN Next top is going to surprise you but it SHOULDN'T !!Bitcoin (BTCUSD) broke yet another benchmark, the psychological level of $100k. The market cap is growing and many claim that it can't keep rising as the capitalization would be at unrealistic levels. For one capital inflows seem to be very comfortable right now with BTC investments and there are still billions waiting at the side for the right investment in 2025.
Fundamentals aside, Bitcoin's historic patterns and price action gives us even more reasons to expect (much) higher prices and a Cycle Top that could surprise many.
** Fibonacci Channel Up **
First of all, we've plotted a Channel Up starting from BTC's first Bear Cycle and displayed the Fibonacci retracement levels on it. As you can see, those fit perfectly and catch each Cycle's tops and bottoms very accurately:
1) June 2011 Top on the 0.618 Fib. November 2011 Bottom on the 0.0 Fib.
2) December 2013 Top on the 1.0 Fib. August 17 2015 Bottom on the 0.382 Fib.
3) December 2017 Top on the 1.0 Fib. December 2018 bottom on the 0.5 Fib.
4) April 2021 Top on the 0.786 Fib. November 2022 bottom on the 0.236 Fib.
** Pi Cycle and MM Bands **
Then we have applied the Pi Cycle trend-lines 1 (orange) and 2 (green), which are key trend Resistance and Support levels respectively, combined with the MMB SD3 above (red trend-line) and MMB SD3 below (black trend-line), which are also historically almost the absolute Resistance and Support levels respectively. In the middle of all these is the 1W MA50 (blue trend-line), which during the Parabolic Rally phases (like the one we are currently on), is Bitcoin's main upward force.
** Covering at least 4 Fib ranges **
As you can see, all Cycles broke above at least the Pi Cycle trend-line 1 (orange) before making a Top. The first two Cycles even hit the MMB SD3 above (red). Also each Cycle has a proportional Fibonacci Channel level range, covering at least 4 Fib bands (as described above). Cycle 1 covered Fibs 0.618, 0.5, 0.382, 0.236 and 0.0. Cycle 2 covered Fibs 1.0, 0.786, 0.618, 0.5, 0.382. Cycle 3 also covered Fibs 1.0, 0.786, 0.618, 0.5, 0.382. Cycle 4 covered Fibs 0.786, 0.618, 0.5, 0.382, 0.236.
** Surprise Top **
The MMB SD3 above (red trend-line) is now below Fib 0.618 and it is less likely for BTC to hit it since Cycle 3 didn't. As a result, it is possible that the next Top will be on Fib 0.5 at best (maximum). If that is succeeded towards the end of 2025, and assuming that the Pi Cycle trend-line 1 (orange) breaks by then as it always has on every previous Cycle, that gives us a target range for the next Cycle Top within $250k - $350k!
Do you still think that's unrealistic? Feel free to let us know in the comments section below!
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