SOLUSD to 9$ Solana Perhaps to the lowest levels, as it respected the price and did not breach the price of ($14.60). Trade with caution. I wish you a happy holiday.
Bitcoim
HL-LH : ConsolidationBitcoin has tried to breach the 45K resistance level again, at the time of this publication the closing price was heading down to the 43K level. Still inside the Madrid Ribbons resistance area. Good news is that the 200 MA in the weekly, as well as the 90 MA in the same timeframe are intact. It has tested the 35K-38K support level with success, which are above the main support line of the Ribbons. In the daily we're officially in a bear market. It has tried to break the range and the jump from 35K to 38K in the support, plus the fact that it didn't close above the 45K shows it is heading to a series of HL-LH, which basically is a consolidation, probably around the 40K level, which is a psychological and technical strong support/resistance level.
We have to wait until this partial leg in the daily is defined whether it reduces the trading range to a consolidation point or breaks the trading range. My expectations at this time is that it will consolidate to the 40K level, it may test a sell off below this level an reginite a rally heading to the 55K or even 65K level.
BTCUSDT 1D We must not visit hell, But if we do we will see a nice bounce
However, I think going up is more likely
I closed my long position and opened a short From 31750 BTC/USDTShort: 31750
Targets: 31000 - 30750 - 30300 -29800
Stop loss 32500
X3 (2%)
All traders, please, don't forget for this⬇️⬇️⬇️⬇️⬇️⬇️⬇️⬇️
I ask each of you to consider your own risk and money management. Do not trade with a large "X10-X100" and always place a stop loss.
If this position closes, then I need a day off.
Let's see how the market behaves.
If the price is returned back, and there is a trade above the 32000 level - by 2H TF. I will look at the long position.
So far, a wedge - which is broken down and leads to at least half of this figure. We will see.
Don't forget - trade wisely, observe risk management and money management. Stop loss is required.
#Bitcoin : BARR Bottom Playing Out!Right now i see a BARR Bottom - Commonly found at 50 degree angle.
The target of which is 10200.
We need to hold this 1HR OB here (the support of the current consolidation) first of all, a close under it and we are likely to dump off as its starting to consolidate nicely above it.
The other resistances to watch for are outlined on the chart, first need to clear the diagnols, 0.382 then that should take us to the next OB at 9960 if that occurs, if we find support there then 10200 is the next target.
See comments for the BARR Bottom by itself.
2 potential bounce zones to long BTC There's two strong areas to watch that could become great bounce zones and the start of another leg up.
