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BITCOIN → New targets! What will happen to ALTCOINS ?BINANCE:BTCUSD went into consolidation after a failed attempt to break through the 108K resistance. Nothing terrible happened, the weekly structure is quite strong, and the market needs to build up its potential. What is happening and what to expect in the future? In the week ahead, the focus is on the US rate meeting, GDP and PCE. If the US macroeconomic data disappoints, it could lead to a lower dollar and more interest in BTC. As for Trump, he may give a good driver to the market if he pushes for the inclusion of BTC in the federal reserve, which is what the crypto trading community is waiting for now. But, it should be realized that tight US monetary policy and possible further rate hikes create pressure on high-risk assets, including bitcoin. In a sideways moving environment, BTC dominance remains stable, around 50-60%. Altcoins are more likely to perform weakly in such an environment, with the exception of a few highly liquid assets. If BINANCE:BTCUSD drops to 91.7К - 95К USD, it is likely that capital will continue to stay in BTC as investors focus on risk mitigation. Altcoins can only show growth if bitcoin has a new momentum above 107,400 USD. Resistance levels:106.9, 107.5 Support levels: 102.5, 99950 Because of the strong resistance, the price is very likely to test one of the key support levels. And already from 102.5 - 100K a rather aggressive rebound may follow. But it is necessary to observe the character of the price and its approaching to these or those strong levels. Sharp movements often end in reversals, when smooth and gradual heralds a breakout. Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
34
Bitcoin’s Next Movement=>Symmetrical Triangle!!!On January 24, 2025 , the latest U.S. Flash Manufacturing and Services PMI data was released, revealing mixed signals about the economy . These indicators often influence market sentiment and could drive volatility in Bitcoin and others. Manufacturing PMI : Rose to 50.1 in January from 49.4 in December, signaling a slight improvement in manufacturing conditions. Services PMI : Declined to 52.8 from 56.8 , marking the slowest growth in nine months . Potential Impact on Bitcoin( BINANCE:BTCUSDT ) : The slowdown in the services sector may lead to increased market uncertainty, potentially driving investors toward alternative assets like Bitcoin. However, the modest uptick in manufacturing could offset some of this uncertainty. Overall, Bitcoin might experience heightened volatility as markets react to these mixed economic signals. ------------------------------------------ Regarding the news of the last 24 hours that came in the crypto , the news has been positive as in the past days and weeks: President Trump signs an executive order for a national Bitcoin strategic reserve. SEC Eases Rules for Banks to Safely Hold Bitcoin and Crypto. In general, from Donald Trump's inauguration until Trump's speech , the crypto market has been very excited , and we even saw a bull trap in the Bitcoin chart. Generally, the news can affect the trend , but we must also pay attention to the technical zones on the chart . ------------------------------------------ Now, let's take a look at the Bitcoin chart on the 1-hour time frame . Bitcoin is moving in the Resistance zone($107,300-$105,400) near the upper lines of the Symmetrical Triangle . Educational Tip : A symmetrical triangle is a continuation pattern where the price forms converging trendlines of lower highs and higher lows, indicating market indecision. A breakout usually follows, signaling the trend's direction. Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . I expect Bitcoin to once again decline to at least the lower lines of the symmetrical triangle . In general, if any of the lines of the symmetrical triangle are broken, Bitcoin can continue in the same direction . Note: In general, the Volume Trading on Saturday and Sunday is low, and if Bitcoin fails to break the upper lines of the symmetric triangle in the next few hours, we can expect Bitcoin to correct to the first target that I specified in the chart. Note: If Bitcoin goes above $108,520, we can expect Bitcoin to increase at least to Cumulative Long liquidation Leverage($111,053-$109,594). Can Bitcoin make a new All-Time High(ATH)!? Please share your ideas in the comments. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
17
Trump's coin impact!The recent surge of Trump Coin highlights how sudden market movements can disrupt price patterns and influence trading behavior across the broader cryptocurrency market. The rapid rise of Trump Coin, which soared by over 600%, sparked a wave of euphoria and speculation, drawing attention away from other cryptocurrencies and creating a ripple effect that reshaped market dynamics. The Trump Coin Phenomenon Trump Coin's explosive price increase captivated both traders and investors, significantly shifting market focus. This wasn’t just a temporary spike, but an event with lasting consequences that drained liquidity and trading volume from other coins, concentrating interest on Trump Coin. Impact on Other Cryptocurrencies As Trump Coin gained traction, the wider market began to stagnate, with overall market indicators like TOTAL (representing total market capitalization) and TOTAL2 (excluding Bitcoin) showing little movement. This period of stagnation reflected a lack of fresh capital flowing into other cryptocurrencies, as most traders redirected their focus to the Trump Coin rally. The following consequences were observed: [/b ]Liquidity Drain: As attention turned to Trump Coin, many altcoins saw a significant drop in trading volume, resulting in price stagnation and periodic sell-offs. Market Dump: Investors exiting their positions in other cryptocurrencies to join the Trump Coin rally contributed to temporary market dumps, amplifying the broader consolidation phase. Psychological Shift: The excitement surrounding Trump Coin led to a more cautious "wait-and-see" mentality among traders, reducing overall market volatility as fewer positions were opened. Consolidation Phase In the wake of Trump Coin's rapid rise, other cryptocurrencies entered a consolidation phase, a common occurrence when the market experiences a lull or imbalance. This phase reflects a market seeking stability before the next significant movement, with many investors holding back as they await further developments.
by melikatrader94
7
best tips and strategies to avoid losing money while trading solTrading Solana meme coins (or any speculative assets) can be risky, but there are strategies you can implement to reduce the likelihood of losing money. Here are some tips and strategies: 🔸### **1. Perform Thorough Due Diligence** - **Project Research**: Investigate the team, roadmap, and purpose of the meme coin. Look for transparency and active community engagement. - **Smart Contract Audit**: Verify if the project’s code has been audited by reputable firms to rule out vulnerabilities or malicious intent. - **Tokenomics**: Understand the coin's supply, distribution, and vesting schedules to assess inflation risks. - **Liquidity**: Check the total locked liquidity and if it's controlled by trusted third parties (like in a locked contract). 🔸### **2. Be Cautious with New Listings** - **Avoid FOMO**: Don't jump into a token right after its launch due to hype. Often, prices spike initially and then crash. - **Verify Listings**: Ensure the coin is listed on reputable platforms like CoinGecko or CoinMarketCap and recognized by reliable exchanges. 🔸### **3. Use Risk Management** - **Position Sizing**: Only invest a small portion of your portfolio in highly speculative meme coins, such as 1-5%. - **Stop-Loss Orders**: Set stop-loss orders to automatically sell your coins if the price drops to a certain level. - **Profit-Taking**: Use a systematic approach to secure profits, such as selling a portion after the coin gains a specific percentage. 🔸### **4. Avoid Projects with Red Flags** - **Anonymous Teams**: Be cautious of projects with unknown or unverified developers. - **Low Liquidity**: Avoid coins with low trading volumes or liquidity, as you may not be able to sell without affecting the price. - **Over-Promises**: Be wary of projects that make outrageous claims, such as guaranteed returns or revolutionary technology without proof. - **Excessive Marketing**: Projects focusing more on memes and hype than utility are often short-lived. 🔸### **5. Check for Rug Pull Indicators** - **Owner Privileges**: Analyze the smart contract for owner permissions that allow for token minting or draining liquidity. - **Liquidity Lock**: Ensure the liquidity pool is locked for a significant period (e.g., 6 months or more). - **Token Distribution**: Avoid coins where a single wallet holds a large percentage of the supply, as this indicates a risk of dumping. 🔸### **6. Use On-Chain Analysis Tools** - **Explorer Tools**: Platforms like Solscan and Solana Explorer can help analyze token distribution, liquidity, and transactions. - **Rug-Detection Tools**: Use services like RugDoc or Token Sniffer to evaluate the safety of the project. - **Social Analytics**: Monitor community activity on Discord, Telegram, or Twitter to gauge organic growth and sentiment. 🔸### **7. Diversify Your Investments** - Don't put all your money into one meme coin. Spread your risk across multiple assets, including more established cryptocurrencies. 🔸### **8. Stay Updated on Market Trends** - **News Awareness**: Follow Solana-related news and updates, as ecosystem changes could impact meme coin performance. - **Whale Activity**: Track large transactions in meme coins to anticipate potential dumps. 🔸### **9. Protect Against Scams** - **Phishing Attacks**: Be cautious of fake websites, wallets, or social media impersonators. - **DYOR (Do Your Own Research)**: Verify all information independently before taking action. - **Secure Wallets**: Use reputable, non-custodial wallets like Phantom or Solflare to store your meme coins securely. 🔸### **10. Control Emotions** - **Avoid Emotional Trading**: Stay rational and stick to your strategy, even during extreme volatility. - **Know When to Quit**: If you’re consistently losing or the market becomes unpredictable, step back and reassess. 🔸### **11. Use Decentralized Exchange (DEX) Safely** - **Verify DEXs**: Use established platforms like Raydium or Orca for trading. - **Slippage Settings**: Adjust slippage tolerance to avoid unintended price impacts during trades. 🔸### **12. Learn from Past Mistakes** - Keep a trading journal to track your decisions, evaluate outcomes, and refine your strategies. 🔸### **13. Avoid Leveraged Trading** - Avoid trading meme coins with leverage, as their inherent volatility can amplify losses. 🔸By implementing these strategies, you can reduce your risk and make more informed decisions while trading Solana meme coins. Always prioritize risk management and long-term sustainability over short-term gains.
Education
by ProjectSyndicate
14
BITCOIN - Price can continue to move up inside wedge patternHi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 A few moments ago, the price declined to support level, after which at once bounced up to resistance area. Then BTC started to decline inside pennant, where it quickly declined from resistance area to support area. After this, price bounced from the pennant's support line, broke the $94200 level, and exited from the pennant pattern. Next, price rose to $102700 points and made a correction move to $90800 points, after which started to grow in wedge. In wedge, BTC rose to $106500 level and even rose higher, reaching a new ATH and then fell back. Now I expect that Bitcoin can correct to support line of wedge and then rise to $112K, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
Bitcoin will break support level and continue to declineHello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price a few moments ago rebounded from the support line, which coincided with the support level with the buyer zone and rose to the resistance line. After this, BTC rebounded from this line and dropped back to the support line, breaking the 93400 level, and soon rebounded up, breaking this level one more time. Later BTC rose to the resistance line and then fell to 90850 points, after which made a strong impulse up, breaking the 93400 level with the resistance line too. Then price continued to move up inside Pennant, where it broke the 102700 current support level, made a retest, and then tried to grow more, but failed and made correction below the 102700 level. After this movement, BTC turned back and rose to 109600 points (new ATH) and then made a correction movement one more time. Price fell to the support line of the pennant and then in a short time rose to the resistance line and recently it fell and exited from the pennant. In my opinion, the price can fall to the current support level, break it, and then continue to decline, therefore I set my TP at 99K points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
1
Is the BANUSDT Market on the Verge of a Breakout or a Breakdown?The cryptocurrency market thrives on unpredictability, and BANUSDT is currently testing traders' resolve. After retreating -91% from its historic high of $0.421 (November 2024), the token hovers near its all-time low at $0.03678. Such levels are often a breeding ground for high volatility and significant price movements. Will the market roar back, or will it sink further into the abyss? Presently trading at $0.03777, BANUSDT appears oversold with a daily RSI14 of 28.99, hinting at potential upward momentum. However, its moving averages, notably the MA50 at $0.05556 and MA200 at $0.06184, cast shadows of resistance over immediate bullish aspirations. Additionally, recent VSA Buy Patterns suggest buying pressure, but the path upward remains fraught with resistance levels near $0.07753. The critical question: Is this the time to buy the dip, or are we teetering on the brink of a deeper fall? Investors and traders, are you prepared for what’s next? Today marks a pivotal moment in BANUSDT’s journey—are you watching closely? BANUSDT Roadmap: Patterns in Action Navigating the rollercoaster of BANUSDT requires dissecting its pattern history. Here’s a clear roadmap of recent key events, filtering out the noise to highlight only the patterns that hit their mark. Ready to see how this market moves? January 25, 2025 – VSA Buy Pattern Extra 2nd This pattern signaled a bullish sentiment with its main direction as "Buy." The price opened at $0.05252, reaching a high of $0.05253, but eventually closed lower at $0.04747. The pattern hinted at a bullish breakout. Confirmation: The next pattern aligned with this sentiment. The price attempted to rally further before settling lower, confirming the bullish drive was correct but short-lived. January 25, 2025 – Buy Volumes Take Over Despite its "Sell" direction, the market momentum showed limited downside. Opening at $0.06483, it quickly slid to $0.05598. This mismatch between prediction and actual price movement suggests either a false signal or strong counterforces. Skipped: As the Sell failed to gain traction, this pattern is excluded for clarity. January 26, 2025 – VSA Buy Pattern Extra 1st Backed by bullish sentiment, this pattern triggered fresh optimism. Opening at $0.03752 and closing near the same level at $0.0374, it maintained a narrow range but supported further upward moves. Confirmation: The next pattern reaffirmed this sentiment, demonstrating a steady rise as BANUSDT tested higher levels. Key Takeaways Successful patterns are those where the main direction aligned with subsequent price actions. Neutral or false signals are filtered out to ensure actionable insights for traders. January patterns show BANUSDT attempting to form a bullish base, but caution remains essential due to intermittent weak signals. Looking Ahead Investors should track these active support zones and stay alert for patterns aligning with broader momentum shifts. BANUSDT may yet surprise with its next move—are you ready to ride the wave? Technical & Price Action Analysis: Key Levels to Watch In trading, it’s all about the levels. Here’s your cheat sheet for BANUSDT's most critical zones. Whether you're scalping or holding, these levels are your lifeline to navigating price action like a pro. Support Levels 0.03678 – This is the current all-time low, a psychological barrier where buyers previously stepped in. If this fails, expect it to flip into resistance. 0.05556 (MA50) – A dynamic support often acting as a magnet for price action. Break below, and it could create bearish momentum. Resistance Levels 0.07753 – A key line in the sand. Sellers dominated here before; bulls need to claim this to change the narrative. 0.06184 (MA200) – A formidable level tied to institutional trading zones. Watch for fakeouts around this level. Powerful Support Levels 0.0921 – The "big boss" support level. If price manages to push higher, this level becomes a safety net on the way down. However, if breached, this will likely become a ceiling for future price recovery. Powerful Resistance Levels None active currently – If bulls can reclaim some ground, look for future resistance formations tied to higher price action zones. Note for Traders When levels fail to hold, they don’t disappear—they flip roles. Support becomes resistance, resistance becomes a brick wall. Play it smart: wait for confirmations before entering, and don’t get trapped in fakeouts. These levels are where price action loves to fake moves to lure traders in. Watch these zones like a hawk and let the price action guide your next moves. It's all about staying sharp and adapting to what the chart is telling you! Trading Strategies Based on Fibonacci Rays The proprietary concept of Fibonacci Rays gives traders an edge in navigating dynamic market movements. Using these geometrically precise tools, we identify scenarios that balance flexibility and focus. Here's how we can apply this method to BANUSDT. Concept of Rays The Fibonacci Rays are designed from the origin of a movement, based on mathematical and geometric principles. They outline dynamic channels, predicting likely zones for price interaction. Here's the core idea: When price touches a ray, two outcomes are probable: a reversal or a continuation. Dynamic factors, such as Moving Averages (MA50, MA200), enhance the predictive accuracy of these rays. Instead of aiming for precise levels, we analyze the probabilities of price movements within defined ranges. Dynamic Factors: Moving Averages & Rays MA50 (current: $0.05556) and MA200 (current: $0.06184) act as additional dynamic support and resistance zones. Interaction with these averages often confirms ray predictions. Using VSA rays, price tends to move from one ray to the next, forming clear trading targets. Scenarios Optimistic Scenario Price interacts with the ascending ray near $0.03678 (current support). A bounce signals a potential move toward the first ray at $0.05556, confirmed by MA50. If momentum sustains, the next target aligns with the ray at $0.06184 (MA200). Pessimistic Scenario Price breaks below the $0.03678 ray, testing the next descending ray at $0.030 (hypothetical). In this case, MA50 flips to resistance, and bears gain control. If MA200 is breached, expect further declines, with price navigating between descending rays. Suggested Trades Trade 1: Long from $0.03678 with targets at $0.05556 (MA50) and $0.06184 (MA200). Use confirmation from ray interaction before entering. Trade 2: Short if price breaks $0.03678, targeting the descending ray at $0.030. Watch for bearish confirmation with MA50 acting as resistance. Trade 3: Long breakout above $0.06184, targeting higher ascending rays. This trade aligns with a potential trend shift and broader bullish momentum. Key Takeaway The Fibonacci Rays allow traders to spot high-probability opportunities by combining dynamic ray interaction with Moving Averages. These tools offer clarity in uncertain markets, ensuring trades are aligned with structural momentum. Whether you're an optimist or a realist, there's a setup for every type of trader! Let’s Connect and Trade Smarter Together Trading isn’t just about levels; it’s about collaboration and constant learning. If you have questions, ideas, or just want to discuss this analysis, drop your thoughts right here in the comments. I’d love to hear from you and dive deeper into any topics you find valuable. If you found this idea useful, don’t forget to hit Boost and save it. That way, you can revisit it later and track how the price moves along my markings—it’s the perfect way to refine your trading skills and spot opportunities. By the way, all the rays and levels you see here? My custom indicator does the heavy lifting, drawing them automatically based on Fibonacci principles. It’s a private tool, but if you’re interested, feel free to reach out via direct messages—we’ll discuss how to make it work for you. Need a custom analysis for your favorite asset? I’ve got you covered. Whether it’s a free idea shared with the community or a private, tailored breakdown for your strategy, we can work something out. Just leave a comment with the asset you want me to analyze, and I’ll do my best to help! Rays work universally across all assets—crypto, stocks, commodities, you name it. If you’d like a personal markup for a specific chart, let me know. And remember, the more engagement this post gets, the more ideas I can share here for everyone. Lastly, make sure to follow me here on TradingView to stay updated on all my future insights and strategies. Let’s build a community of smarter, sharper traders together! 🚀
Short
by brandlabelden
1
Bitcoin Game Plan - BTC PREDICTIONHello folks, it's time to update the BTC game plan. My previous Bitcoin game plan worked precisely. The timing and price levels were 100% accurate, and as expected, we saw a new all-time high (ATH). I hope you managed to make some profits! I’ve attached the previous BTC game plan below—feel free to give it a look. New Game Plan: Bitcoin has set a new ATH, but it seems we’ve encountered significant selling pressure at that level, and we couldn’t close above it. This indicates Bitcoin doesn’t yet have enough liquidity to expand higher. From this perspective, I expect the price to retrace slightly, grab some liquidity from the buy side, and then continue its upward journey. Scenario 1: Price grabs the lows below and hits the purple line (Range High) before bouncing to a new high. (Less likely) Scenario 2: (Marked on the chart) Price grabs the lows completely and retraces to the blue bullish trendline, bouncing from there. We might even create a deviation below the blue line, trapping bears who aggressively short after a trendline break, and bounce from the green zone marked just below the blue line. (This is my preferred scenario.) Scenario 3: Price retraces further to grab all the way down to the lows and bounces from the black trendline we previously broke. I’m sharing all three potential scenarios for clarity. Also, with a pro-crypto president currently in office, any significant bullish news could send Bitcoin skyrocketing. Keep this in mind. I remain overall bullish on Bitcoin. I firmly believe we haven’t seen the top yet. Despite the panic and sell-off from some gurus on X and TradingView who claim we’ve topped, I personally think we’re not even close to the peak.
Long
by UA_CAPITAL
1
XRP - Key Levels to WatchXRP recently broke its all-time high (ATH) from 2018, touching $3.317. This key resistance was fiercely defended by bears, offering a strong short opportunity on the first break. Now, after consolidating for over 10 days, let’s dive deeper into the key levels and confluences to plan trades. Resistance Levels All-Time High (ATH) - $3.317 Key resistance from the recent ATH breakout, strongly defended by bears Support Levels and Confluence Fibonacci Retracement: 0.618 retracement of the recent impulse wave aligns at $2.74078 Weekly Level: A strong weekly level at $2.75 provides further support Daily Level: The daily level at $2.72763 lies within the support zone Swing High from the Previous Trading Range: The December 2024 swing high at $2.725 adds more confluence Volume Profile (VAH): Value Area High (VAH) of the previous trading range aligns with the support zone Fibonacci Speed Fan: The 0.618 speed fan intersects at $2.7, depending on the timing (late January to early February) Pitchfork: While not plotted, it aligns closely with this zone, further supporting the level Support Zone: $2.75-$2.71 Short Trade Setup The first short opportunity arose at the ATH of $3.317, providing an excellent risk-to-reward ratio. If missed, another short trade setup can still be executed at the current price: Entry: Enter at the current price Stop Loss: Above $3.29 Take Profit: $2.80 Risk-to-Reward (R:R): 2:1 Long Trade Setup Entry: Ladder longs between $2.75 and $2.71 Stop Loss: Below $2.63 Take Profit: $2.95 Risk-to-Reward (R:R): 3:1 or better
BITSTAMP:XRPUSDShort
by SiDec
2
Gold XAUUSD | SELL After Elliot's 5-WaveWave Analysis: Wave 1 (Initial Upswing): Price moved from 2661 to 2723, marking the start of the bullish trend. This wave is typically smaller as the market begins to establish direction. Wave 2 (Correction): A corrective pullback, retracing part of Wave 1. Price moved down but respected the Fibonacci retracement zone (likely between 50% and 61.8%). Wave 3 (Strong Upswing): The strongest and most extended wave, moving from 2695 to 2759. This wave aligns with higher momentum, reflecting a surge in bullish sentiment. Wave 4 (Consolidation): A sideways or shallow pullback, correcting Wave 3. This wave is less aggressive than Wave 2, often reflecting profit-taking and market indecision. Wave 5 (Final Push): The last leg of the upward impulse, with prices rising from 2743 to 2786. Momentum begins to weaken, and divergences on indicators like RSI or MACD might appear, suggesting exhaustion of the trend. Current Market Outlook: Trend Exhaustion: The completion of Wave 5 at 2786 suggests that the bullish trend is nearing its end. The possibility of a trend reversal or a corrective move downward is high. Potential Correction: After the completion of the impulsive wave, an A-B-C corrective structure is likely to unfold. Wave A could lead to an initial sell-off. Wave B might be a temporary rebound or retracement. Wave C would finalize the correction, potentially testing the 2661 level (Wave 1 origin). Key Support Levels: 2743 (Wave 5 origin): The first major support. 2695 (Wave 3 origin): The second support level to watch for. 2661: A full retracement target if the correction deepens. Resistance: 2786 (Wave 5 high) remains the key resistance level. A break above this might indicate an extension of the bullish trend. Trading Signal: Sell Entry: Upon confirmation of a break below 2743. Targets: First Target: 2710 (Wave 4 area). Second Target: 2695 (Wave 3 origin). Third Target: 2661 (Wave 1 origin). Stop-Loss: Above 2786 to avoid risk from a potential upward extension. Alternate Scenario: If prices break and sustain above 2786, it could indicate the continuation of the bullish trend. Look for further upside toward 2800–2820. Conclusion: Gold appears to have completed its five-wave impulsive structure. The next likely scenario is a corrective A-B-C wave formation or a trend reversal. Monitor key levels and confirmation signals before executing trades.
OANDA:XAUUSDShort
by Quinn901
Even if it falls, you should prepare for an uptrend Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- The High Boundary Zone has been changed to the 101947.24-103706.66 range. Therefore, anything above 103706.00 is considered a high range. However, the basic 106133.74 point is likely to act as resistance. - The StochRSI indicator is showing a decline to the 50 point range. Therefore, since volatility is likely to occur, a quick response is required when trading. Therefore, the point of observation is whether there is resistance near 106133.74. When a new candle is created, if the StochRSI indicator falls below the 50 point, the key point is whether there is support near 101947.24-103706.66. If there is support, I think there is a high possibility that the uptrend will continue. If the StochRSI indicator enters the oversold zone and falls below 101947.24 and shows resistance, you should check whether it touches the BW(0) indicator or the HA-Low indicator. The 93576.0-34742.35 zone is expected to be an important support and resistance zone. ------------------------------ It seems that a lot of funds have flowed into the coin market through USDC. Accordingly, the coin market is likely to show an upward trend soon. As I said before, for the altcoin bull market to start, BTC dominance must fall below 55.01 and remain there or show a downward trend. The maximum decline point of USDT dominance is expected to be around 2.84. After that, since USDT dominance is expected to show an upward trend, the coin market is expected to show a downward wave. If it goes up by 4.97 or more, I think you can definitely tell that a downtrend is in progress. - Based on the above coin market cap chart, this uptrend is expected to be the last uptrend. Therefore, even if the price falls, a trading strategy that prepares for an uptrend is needed. The point to watch is whether this uptrend can rise to the Fibonacci ratio point of 2.24 (116940.43). This volatility period is expected to continue until January 31. The next volatility period is expected to be around February 9-16. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
HelenP. I Bitcoin can correct to support level and start to growHi folks today I'm prepared for you Bitcoin analytics. In this chart, the price declined to the trend line and then rebounded and started to grow inside the pennant, where it soon reached the support level. After this movement, the price broke this level, which coincided with the support zone and made a retest, after which continued to move up to the resistance level, which coincided with the resistance zone. Then BTC made the small correction, after which in a short time, it rose to the resistance zone and then made a correction movement to the 99500 support level. Next, the price made a strong impulse up to 109560 points (NEW ATH), breaking the resistance level, but soon turned around and dropped back to the trend line. Price some time traded near the trend line and then rose to the resistance zone, after which turned around and started to decline. In a short time, BTC fell to the trend line, broke it, thereby exiting from the pennant pattern also, and then continued to fall. At the moment, the price continues to decline and I expect that BTCUSDT will decline to the support level and then start to grow to the resistance level. For this level, I set my goal at 105800 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
14