When Doing Nothing Is the Hardest TradeSometimes, the most difficult decision in trading is deciding not to trade. Today is one of those days.
The current market conditions are complex. On one hand, I see a high probability of a correction. But on the other, the market is running hot, and shorting doesn’t feel like the best option. Volatility in BTC is narrowing, and volumes are steadily declining—clear signs that the market is building up for a decisive move in either direction.
In such a scenario, shorting becomes exceptionally challenging. The tightening range suggests the market is preparing to break out, but the direction remains uncertain. Jumping in prematurely could mean getting caught on the wrong side of the move.
So, today is a no-trade day. Sometimes, sitting on the sidelines and waiting for clarity is the smartest move a trader can make. After all, patience is a virtue in markets as much as it is in life.
Crypto
POPCAT is due to pop (upwards). Beach ball underwaterTo add to my previous analysis on the linear scale, the log scale paints an even clearer picture that this is indeed, the most ideal spot for a reversal in popcat.
Log 786 retracement tapped, lower bound of the channel tapped, fib time 0.618 reached, bullish divergence on the oscillators.
This is a generational entry, with targets as high as $12 possible during this crazy bullrun we are about to witness in crypto.
Trump Coin- New bull leg?After the initial surge and excitement, KCEX:TRUMPUSDT dropped to a low of around $30. A slight recovery followed, and over the past six hours, the coin has been consolidating within a tight range.
However, the coin appears to be pressing for an upward breakout above the $40 level. If it manages to break through this resistance, a new upward trend could emerge.
My target for this potential move is around $60, with invalidation occurring if the price falls below the recent low.
3 Must-Know Chart Patterns to Spot Winning Trades!Morning Trading Family
Understanding chart patterns is super important for trading success! In this video, I’ll walk you through the top 3 patterns every trader should know: Head and Shoulders, Double Top/Bottom, and Bullish/Bearish Flags. I’ll show you how to spot them, when to jump into a trade, and how to manage your risk. Whether you’re trading stocks, forex, or crypto, these patterns can make a big difference. We’ll even look at live charts together to keep it simple. Let me know in the comments which pattern is your favorite!
Kris/Mindbloome Exchange
Trade What You See
Unlock Your Trading Potential: How to Design the Perfect Trading
Morning Trading Family
Ever wonder how the pros keep getting better? It's all about the journal! Join me in this video where I spill the beans on setting up your own trading journal that'll skyrocket your learning curve.
We'll go through how to record each trade like a pro, capturing not just the when and where, but the why. I'll share simple methods to make your journal entries meaningful and insightful. Check out a real-life example from my journal, where I share not just the trades but the feelings behind them. Learn to spot the patterns in your trading - the good, the bad, and the ugly.
Whether you're just starting out or you've been trading for years, this video is your roadmap to personal growth in the trading world. I'll show you how a few minutes each day can transform your trading strategy. Drop your thoughts, questions, or your own journaling hacks in the comments!
Kris/Mindbloome Exchange
Trade What You See
AVAX Can harness gaming for a great second cycle!Avalanche ( CRYPTOCAP:AVAX ) is an innovative Layer 1 blockchain designed to compete with Ethereum in terms of smart contract capabilities, scalability, and transaction speed.
Launched in 2020, it has quickly gained traction among developers looking to create decentralized applications.
With its compatibility with the Ethereum Virtual Machine (EVM), developers can effortlessly write smart contracts in Solidity, facilitating a smooth transition from the Ethereum ecosystem.
The Avalanche network leverages subnets to enhance its transaction capacity, boasting the ability to process up to 6,500 transactions per second (TPS). Additionally, it features a limited supply and operates on a deflationary model.
Ethereum has yet to dent Bitcoin dominance and ignite a widespread altcoin season.
Currently, the sentiment surrounding ETH is at a historic low, and its price remains well below its previous peak. This situation creates a unique chance to transform fiat currency into investments in top blockchain projects, AVAX being a good example, enhancing one's investment portfolio.
@TheCryptoSniper
#HVF
#HuntVolatilityFunnel
Will KEYUSDT Bounce or Break? The Market's Crucial Moment!The crypto market often mirrors a roller coaster, and BYBIT-KEYUSDT.P is no exception. Currently priced at 0.0007485, the asset has plummeted 94.43% from its all-time high of 0.0134455 in March 2024, but it’s up 24.34% from its absolute low set just a month ago. Indicators like the RSI (40.58) and MFI (36.56) suggest the market is nearing oversold territory, while a narrowing gap between the MA50 (0.00092) and the current price highlights potential for a technical breakout.
Recent patterns reveal an intense struggle between buyers and sellers. The dominance of increased sell volumes over the past sessions has led many traders to question: Is this the calm before a bullish reversal, or the start of another leg down? With resistance looming at 0.001082, all eyes are on whether the asset can gather momentum to reclaim lost ground or if sellers will tighten their grip.
For traders seeking action, the stage is set. Will you capitalize on this key juncture, or watch as the market decides its next move? Either way, the opportunity is ripe.
Roadmap: The Story of BYBIT-KEYUSDT.P Through Patterns
1. January 7, 2025 – “Sell Volumes Max” (Direction: Sell)
The market opened at 0.001194 and closed at 0.0011535, showcasing intense selling pressure with a low of 0.00114. This pattern indicated a shift towards bearish sentiment. Interestingly, the price in the subsequent pattern aligned with this direction, confirming that sellers were in control. The next few bars validated the forecast, as the price continued its downward journey, further solidifying this bearish signal.
2. January 8, 2025 – “VSA Buy Pattern Extra 1st” (Direction: Buy)
As expected from this pattern, the market attempted a bullish comeback. Opening at 0.000993, the price initially struggled but closed higher at 0.000972 after testing a low of 0.000959. This was a clear move towards recovery, but it fell short of breaking significant resistance levels. Confirmation arrived as the subsequent pattern reflected further buying pressure, proving that bulls were regaining some footing.
3. January 10, 2025 – “Increased Buy Volumes” (Direction: Buy)
Here’s where things got exciting. The price opened at 0.0009775 and climbed to a close of 0.001068, rallying decisively after hitting a low of 0.000945. This pattern screamed bullish energy, with a strong confirmation seen in the subsequent bars. Buyers capitalized on this move, pushing the price to test higher resistance levels.
4. January 11, 2025 – “Buy Volumes Takeover” (Direction: Sell)
A shift in momentum was clear as the market opened at 0.0011125 but closed lower at 0.001072, signaling a potential fake-out or exhaustion of bullish power. The next bars saw prices aligning with the forecasted sell direction, validating this pattern’s call for caution.
5. January 17, 2025 – “Sell Volumes Max” (Direction: Sell)
The market turned bearish once again, with an opening price of 0.0010495 and a sharp close at 0.000944. Hitting a low of 0.000896, this pattern proved its worth as the next bars continued downward, showing that the selling wave had not yet lost steam.
Key Takeaways:
The roadmap reflects that bearish patterns like "Sell Volumes Max" consistently aligned with market direction, highlighting a reliable trend-following signal.
Bullish patterns struggled to break through key resistance levels but showed potential for short-term trades.
Momentum shifted between bulls and bears, creating pockets of opportunity for nimble traders.
Technical & Price Action Analysis: Key Levels to Watch
Here’s the breakdown of the make-or-break levels for BYBIT-KEYUSDT.P. These zones are where the action happens, and if they don’t hold, they’ll likely flip into resistance. Keep your eyes peeled for these hot spots!
Support Levels
0.000602 – The absolute low of the asset, touched recently. If this level gives way, expect it to become a solid resistance. 0.001082 – A critical support zone. If it doesn’t hold, bulls are likely to face a steep climb. 0.004257 – Not just support, but a psychological barrier. Failure here could turn it into a strong ceiling.
Resistance Levels
0.001082 – Doubling as support, but if the price can’t break back above, it’s game over for bulls at this level. 0.001476 – The next stop on the way up. If rejected, expect bearish vibes to dominate. 0.00538 – A major obstacle for any meaningful upside momentum.
Powerful Support Levels
0.004257 – All eyes are here. Losing this zone would spell trouble, as it’s one of the last defenses. 0.0057895 – A bounce from here could set up a strong rally, but a breakdown flips it into a bear’s playground. 0.0067375 – The line in the sand for bulls. Holding this is critical for regaining confidence.
Powerful Resistance Levels
No current data here, but watch for powerful zones to emerge once the price climbs closer to previous highs.
Pro Tip:
If these levels don’t hold, don’t panic. Just flip your mindset – these same levels will likely become strong resistance zones, perfect for fade plays or short setups. Stay sharp and trade what you see!
Concept of Rays: Trading Strategies and Scenarios
Let’s dive into the mechanics of trading using Fibonacci Rays, the dynamic levels built on precise mathematical principles. These rays define boundaries of movement channels and provide high-probability setups for trading key price interactions.
How Rays Work in Trading
Fibonacci Rays define zones of interaction, creating a system of dynamic support and resistance levels.
Price movements tend to follow rays, and interaction often signals whether to expect a reversal or continuation.
Dynamic factors like Moving Averages (MA50, MA100, MA200) further confirm key zones, enhancing accuracy.
The strategy: Wait for price to interact with a ray and exhibit clear movement in the direction of the ray, targeting the next ray.
Two Trading Scenarios
Optimistic Scenario :
The price reacts positively to support rays and continues upward, interacting with ascending Fibonacci Rays and moving averages. Targets align with resistance rays.
Entry: After interaction with Support 0.001082 and confirmation from MA50 at 0.00092, enter long.
First Target: Resistance at 0.001476 (next ray level).
Second Target: Powerful resistance near 0.00538 (further ray projection).
Third Target: Upper limit of movement at 0.0067375 if momentum sustains.
Pessimistic Scenario :
Price fails to hold support rays and breaks below, aligning with descending Fibonacci Rays. Each broken ray acts as resistance for potential short setups.
Entry: After price breaks below 0.001082 and closes under MA50 and MA100.
First Target: Powerful support at 0.000602 (next ray level).
Second Target: Deep retracement towards 0.004257, now acting as resistance.
Third Target: Collapse towards absolute lows below 0.000602, if selling momentum dominates.
Dynamic Trading Ideas Based on Ray Interactions
Bounce from MA50 and Ray Support: If price interacts with 0.00092 and shows strong buying signals, go long towards the next ray.
Break and Retest of Resistance Rays: If 0.001476 is broken and retested with confirmation, aim for 0.00538.
Sell-off after Ray Break: If price breaches 0.001082, wait for a retest and short towards 0.000602.
Range Trading Between Rays: Play the levels between 0.001476 and 0.00538 during a sideways market, watching for clear rejection or breakout signals.
Key Points for Execution
Always wait for interaction with rays and dynamic confirmation (e.g., MA alignment).
Move stops to breakeven after hitting the first target.
Targets are sequential: from ray to ray, ensuring flexibility in both scenarios.
Trade Smart and Flexible : Let the rays guide your entries and exits while keeping an eye on volume and momentum. Remember, every ray interaction is an opportunity!
Your Turn: Let’s Keep the Conversation Going!
Got questions or want to dive deeper into the analysis? Drop your thoughts in the comments below—I’m here to chat and explore with you. Don’t forget to Boost this idea and save it for later to track how the price respects my mapped levels. Watching these movements unfold is the essence of trading mastery!
By the way, my proprietary indicator handles all these rays and levels automatically, making the process seamless. If you’re curious about using it, feel free to reach out via private messages. Let’s discuss how it can become part of your trading toolkit.
Looking for custom analysis? I’m open to analyzing any asset you’re interested in. Some of it I share openly, but if you prefer a private breakdown tailored just for you, we can work something out. Trust me—these rays work across all markets, and I’d be happy to create a setup that fits your needs.
Finally, don’t miss out on future insights! Follow me here on TradingView, where I post all my updates and ideas. Your support and engagement keep this community thriving, and I can’t wait to hear your thoughts.
Let’s trade smart, stay connected, and grow together! 🚀
RUNE ChartHey,
Most of my holdings have been going very well the recent years.
However the performance of RUNE is not really that significant.
It was nice to get in at $1,40 and see it go near $10, but my target is +$20...
Price is shaping up pretty good now.
Expecting a catching-up run to the upside.
Kind regards,
Max Nieveld
Litecoin on the Verge of a Breakout: Are You Ready for a Rally?Hello, Traders!
After reaching a local high last month, Litecoin entered a correction phase but is now showing signs of recovery.
A few days ago, LTC came close to retesting its previous local high before undergoing a minor pullback.
Currently, it appears that LTC has found strong support in the $95-$100 range, forming a local bottom. I don’t expect the price to dip below this area.
On the upside, there’s a clear resistance zone in the $135-$145 range, which has been tested twice but not yet broken.
The price action suggests that Litecoin is building momentum for a breakout above this level.
If this breakout occurs, it could serve as a catalyst for a parabolic rally.
In such a scenario, the next target will likely be the $200 price level, which aligns with the psychological round number.
Beyond $200, further upside targets could emerge depending on market conditions, particularly if broader market sentiment remains bullish.
Traders should watch for confirmation of the breakout above $145, accompanied by strong volume, as this will increase the likelihood of sustained upward movement
Please don’t forget to boost this idea and leave your comments below.
Is FLOKIUSDT About to Explode or Collapse?Yello, Paradisers! Are we on the verge of a breakout for FLOKIUSDT, or is a deeper retracement looming? Let’s break it down with clear action steps to keep you on the right side of the trade.
💎FLOKIUSDT has recently shown a bullish I-CHoCH (Internal Change of Character) and is currently undergoing a healthy retracement. This retracement is a critical moment that could lead to significant price movement depending on what happens next.
💎If FLOKIUSDT bounces from the current price and successfully breaks the resistance trendline, it will significantly increase the probability of a bullish continuation. This would signal the market’s intent to push higher, making it a potential opportunity for well-planned entries.
💎Should the price dip lower to grab inducement before bouncing, keep an eye on the strong support zone. A bounce from this level paired with a bullish I-CHoCH on lower timeframes will increase the odds in your favor, making it a better entry for those looking to go long.
💎If the price breaks and closes a candle below the strong support zone, it will invalidate the bullish setup entirely. In that case, the best strategy would be to wait patiently for clearer price action to form before making any moves.
As always, it’s essential to stay disciplined and follow a high-probability strategy. Trading without confirmation can expose you to unnecessary risks, so be sure to wait for the market to show its hand before committing to a trade.
MyCryptoParadise
iFeel the success🌴
BCHUSD at Key Support – Potential Buy SetupCOINBASE:BCHUSD is trading within a significant demand zone where buyers have previously stepped in, causing strong reversals. The recent pullback into this area indicates the potential for a bullish reaction.
If the price shows bullish confirmation—such as engulfing candles or wicks rejecting lower prices—a move toward the 460.00 level is expected. This zone could act as a base for buyers to regain control.
However, if the price breaks below this support zone, the bullish outlook will be invalidated, and further downside could follow.
BITCOIN (BTC/USD)Bias: Bullish
This idea is based round the idea of a long ranging period, which then leads to a large push higher.
bias change
If bias was to change, then a push below 92-90k would be expected.
Unless specifically timed with a low chance of alteration by external forces, anticipating the exact timing of events is unrealistic.
Can #AAVE Bulls Push the Price Further or Not? Key Levels Yello, Paradisers! #AAVEUSDT is gearing up for a major move, but will it be a breakout to new highs or a collapse to lower levels? Let’s dive into the current setup of #Aave:
💎#AAVEUSD is trading within a Symmetrical triangle formation, a classic bullish reversal pattern often seen before significant price surges. Over the last few weeks, we’ve seen multiple liquidity sweeps at lower levels, where impatient traders got shaken out. These sweeps usually hint at a potential breakout, but confirmation is still key before making any decisive moves.
💎#AAVE faces strong resistance near $395.7, which aligns with the upper boundary of the falling wedge. For bulls to take control, the price must close above this level on the 8-hour timeframe. A breakout here could trigger a powerful rally toward the $550–$575 major resistance zone, where sellers are likely to step in.
💎On the other hand, the first significant support level sits at $275, an area where buyers have consistently entered the market. If this zone holds, it could serve as a springboard for the next upward move. If #AAVE closes below $275, the next major support lies at $224.
💎A close below $224 would signal a breakdown of bullish momentum, increasing the likelihood of a prolonged bearish phase. The bears will take control of the price movement and it will fall to lower support levels.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
Technical Analysis of XAUUSD Using Support and Resistance LevelsXAUUSD represents the price of gold (XAU) against the US dollar (USD). Its current price is 2724, and the target price is set at 2800. This suggests a bullish outlook, with an expected price increase of 76 points. The analysis is based on the "support and resistance" pattern, where the current price is rebounding from a strong support level. Support levels act as a price floor, where buying pressure typically overcomes selling pressure, preventing further decline. The strong support indicates high confidence among traders that the price will rise. A move toward the target of 2800 aligns with the historical price behavior near this level. Traders may monitor for confirmation signals, such as higher highs or increased volume, to validate the upward momentum. However, market conditions and external factors like economic data or geopolitical events could influence the pair’s movement. Proper risk management is essential.
ZK LongThe ZKUSDT pair is currently in an accumulation phase as it approaches a key support zone, marked as the "Accumulation" area. This phase suggests a potential buildup of buying pressure, which could lead to a significant price movement upwards in the near term.
Trade Entry: Consider entering a long position near the current support level of 0.1512, which aligns with previous lows. The price action in this zone indicates a high probability of reversal, marking an optimal entry for an upward move.
Target Area: The target for this trade is towards the PMH (Previous Market High) at 0.5003, which represents a strong resistance zone. We anticipate a possible push to this level as the price continues its recovery.
Risk Management : Keep a tight stop loss around the PML (Previous Market Low) at 0.1116. This level offers a solid risk-reward ratio, as a breach below this point would signal a potential trend reversal or further downside.
Trade Duration: This trade is expected to play out over the next few weeks, with significant price movement likely from February to April 2025.
Strategy: This is a momentum-based trade following the accumulation phase, with the expectation of a price breakout. The market conditions suggest a shift from a consolidation phase into an upward trend, providing an attractive long setup.
TRUMP #LONGThe past few days have been incredibly interesting. I already have TRUMP in my wallet, but now it’s time to take a gamble.
I see that the inauguration has passed, and TRUMP is now trading at 50% below its all-time high. There also seems to be some support forming in the $28–$33 range.
However, let’s not forget—this is pure speculation, akin to chasing fairy dust. But as the saying goes, “Third time’s the charm,” and I’m ready to make my third attempt.
Here’s the plan: I’m entering a trade with a $35 margin, using cross leverage at 20x, for a position size of $700.
THETAUSDT at a Crossroads: Breakout or Breakdown Ahead?Yello, Paradisers! Is THETAUSDT gearing up for a massive breakout or bracing for a sharp breakdown? Here's what you need to know right now.
💎#THETAUSD is currently sitting at a critical support level of $1.863 an area that has previously ignited significant bullish momentum. However, the price continues to struggle to break above the descending trendline, which has acted as a stubborn resistance for weeks. This makes the next move pivotal in determining whether we’re heading for a continuation of the downward trend or a reversal into a bullish rally.
💎If the bulls defend the $1.863 support zone and successfully break above the descending trendline, we could see an upside move toward the resistance zone at $2.60–$2.80. Beyond that, the next target sits at the resistance area of $3.48, which could trigger a substantial rally if supported by strong volume and momentum.
💎However, if the $1.863 support fails to hold, #THETANETWORK could slide toward the $1.570 demand zone, where there is a pool of liquidity that may prompt a bullish rebound. That said, a clean break below this demand zone would invalidate bullish scenarios, opening the door for further bearish pressure that could drive the price even lower.
Paradisers, stay sharp and disciplined! The market is brimming with both opportunities and risks, but only those who wait patiently for high-probability setups will thrive. Whether you’re leaning bullish or bearish, tight stop-losses and proper risk management are non-negotiable.
MyCryptoParadise
iFeel the success🌴
ATCryptoScan - the issue with the BTCUSD rally...Overall, and fundamentally, Bullish on Crypto.
However, few things are red flagging...
A surprise sudden rally that appears to have ended yesterday with a long upper tail to close the daily candle in very bad shape. This candle itself shows the selling pressure, above the previous day down candlestick that is pretty much a Bearish Engulfing.
The recent reversal represents a double top (perhaps?), albeit there is a higher high; but for Crypto I would tend to disregard this due to volatile nature of the asset anyways. Price action also broke out of a decision box (purple) and broke back in again, typically expect to extrude the other (lower) side.
Meanwhile, the RoVD has tapered below zero although still green.
So, perhaps the projected path is still intact and BTCUSD is moving somewhat to expectations...
So aiming for Feb @75K...
Is the Tide Turning for OMNIUSDT? Key Levels and Signals to WatcThe cryptocurrency market is alive with intrigue as OMNIUSDT hovers at $9.493, a far cry from its all-time high of $33.523, marking a dramatic 71% deviation from its peak. But the story doesn’t end there. With the Relative Strength Index (RSI) stabilizing near neutral at 45, the asset teeters between oversold and recovery zones. Could this be the calm before a storm?
Recent price patterns, including a "Sell Volumes Take Over," suggest a market grappling with direction but rich with opportunity. Resistance looms at $11.135 and $11.646, key battlegrounds that traders are closely eyeing for breakouts. Meanwhile, the 233-day Moving Average hints at a robust floor, offering potential support for buyers looking to capitalize on discounted prices.
So, is this your moment to seize the next big move? The market seems ripe with possibilities, but only decisive action can turn speculation into strategy. As the technical indicators align, the question lingers: are you ready to ride the wave?
Roadmap: Tracing OMNIUSDT Through the Lens of Price Patterns
1. Sell Volumes Take Over (2025-01-20 19:00 UTC)
The pattern "Sell Volumes Take Over" signaled a buy direction, closing at $10.405. The price movement showed resilience, creating a momentum of +0.89%. However, the next pattern “Increased Sell Volumes” didn’t confirm this direction, as the closing price dropped to $10.025. This suggests the trigger point wasn’t activated, and this pattern might be skipped.
2. Increased Sell Volumes (2025-01-20 17:00 UTC)
Main Direction: Sell
This pattern played out effectively as the subsequent price dropped from $10.025 to $9.785 in the following “VSA Manipulation Sell Pattern 2nd.” With a -0.84% move, the pattern's bearish signal validated the sell momentum.
3. VSA Manipulation Sell Pattern 2nd (2025-01-20 10:00 UTC)
Main Direction: Sell
This pattern confirmed its bearish stance with a closing price of $9.785 and a further dip into the range of $9.516 as identified by the subsequent “Increased Buy Volumes” pattern. Despite the downtrend, the market signaled a possible reversal, indicating that sellers were losing grip.
4. Increased Buy Volumes (2025-01-20 09:00 UTC)
Main Direction: Buy
As predicted, the price shifted upward, closing at $9.864. This marked a successful trigger, supported by a movement above the $9.516 low. This confirmation established a bullish foothold, preparing for the "VSA Buy Pattern Extra 1st."
5. VSA Buy Pattern Extra 1st (2025-01-20 02:00 UTC)
Main Direction: Buy
The market responded to this signal, showcasing a confident rise to $8.717 (following a minor dip). The sequence indicated that buyers were slowly accumulating strength, aligning with the directional trigger from the previous setup.
6. Increased Sell Volumes (2025-01-19 15:00 UTC)
Main Direction: Sell
Closing at $9.846, this pattern accurately forecasted the subsequent dip below $9.62. Sellers successfully pushed the market lower, aligning with bearish projections.
7. Buy Volumes Max (2025-01-19 14:00 UTC)
Main Direction: Buy
A notable spike followed, closing at $10.084 and validating this pattern. This was the point where buyers reclaimed control, driving momentum upward.
Key Observations for Traders and Investors :
Patterns with accurate main directions provided clear entry and exit signals, reducing market noise.
The mix of "VSA Buy" and "Sell Volumes" emphasized the dynamic shifts between accumulation and distribution.
Investors should watch for sequences where confirmed directions align to spot high-probability trades.
This roadmap serves as a historical guide to the effectiveness of pattern analysis for OMNIUSDT, emphasizing actionable insights and validation techniques. For traders, recognizing these sequences can unlock significant profit potential while avoiding misleading setups. Stay tuned for more updates!
Technical & Price Action Analysis: Key Support and Resistance Levels
When it comes to OMNIUSDT, the chart is speaking volumes. Here’s a breakdown of critical levels that traders need to keep on their radar. Remember, if these levels fail to hold, they’ll flip into resistance zones, creating headwinds for any bullish momentum.
Support Levels:
9.305 – A crucial short-term support. If it folds, expect sellers to drive the price further south.
7.900 – A deeper retrace zone that could be the last line of defense for buyers.
Resistance Levels:
11.135 – The first wall bulls need to crack to regain control.
11.646 – A tougher ceiling that could see significant sell pressure.
12.039 – Breaking this would put the market back into bull territory.
Powerful Support Levels:
12.212 – This level has historically held strong, but if breached, it’s lights out for buyers in the short term.
17.693 – A key area from a macro perspective. Losing this would signal a broader bearish shift.
24.832 – The line in the sand for long-term bulls.
Powerful Resistance Levels:
6.984 – A level that’s been tested and rejected before. If the price drops below, it’ll likely struggle to reclaim this zone.
Pro Tip for Traders:
Failing supports are not just signs of weakness—they’re prime spots for bears to set up camp. Watch for price action around these zones. If a level flips, it’s an early warning to adjust your strategy.
Stay tuned for updates, and keep these levels on lock—trading is a game of precision, and these are the keys to the next big move.
Trading Strategies Based on Rays: Optimistic and Pessimistic Scenarios
The "Rays from the Beginning of Movement" concept introduces a structured approach to trading based on Fibonacci principles and dynamic market factors. Each ray represents a potential boundary where price action signals a reversal or continuation. Here’s how to use this proprietary method for trading OMNIUSDT.
Concept of Rays
Fibonacci Rays are drawn from the start of movement patterns, adjusting dynamically with new trends or corrections. These rays act as guideposts for price movement, creating ascending and descending channels that define potential trade zones. Their interaction with price, combined with key Moving Averages and VSA patterns, signals the beginning of actionable trades.
Optimistic Scenario
Price reacts positively to Fibonacci rays, respecting support levels and initiating bullish momentum.
Initial Support Interaction: $9.305 – If price bounces from this level, the first target aligns with the next ray at $11.135.
Continuation Above Resistance: $11.135 – Break and close above this level sets the next target at $12.039.
Breakout into Powerful Resistance: $12.212 – Strong bullish momentum could aim for $17.693 as the long-term objective.
Pessimistic Scenario
Price fails to respect support levels and interacts negatively with descending rays, confirming bearish sentiment.
Initial Resistance Interaction: $11.135 – If price rejects here, the first downside target aligns with $9.305.
Break Below Key Support: $9.305 – Breach of this level points to $7.900 as the next target.
Interaction with Powerful Support: $6.984 – A deeper correction may lead to testing this key level, signaling potential capitulation.
Key Trades and Comments
Bullish Trade: From $9.305 to $11.135
Entry: Post-bounce from $9.305 and confirmation of upward movement.
Comment: Use this zone for scaling in as the first ray interaction aligns with bullish continuation.
Bearish Trade: From $11.135 to $9.305
Entry: On clear rejection from $11.135, signaling a reversal.
Comment: Ideal for short trades with tight risk management.
Breakout Trade: From $11.135 to $12.039
Entry: After a confirmed close above $11.135.
Comment: Look for a strong move to $12.039 with possible pullbacks for additional entry points.
Deep Correction Trade: From $9.305 to $7.900
Entry: If price breaks below $9.305, targeting the next ray at $7.900.
Comment: A defensive trade for bearish conditions, with strict stop-losses in place.
Long-Term Bullish Trade: From $12.212 to $17.693
Entry: After a confirmed breakout above $12.212 and sustained momentum.
Comment: This level marks a shift in market dynamics, targeting the upper ray with high confidence.
How to Use This Framework
Wait for price interaction with the rays and Moving Averages.
Enter trades only after confirmation of movement from the ray to the next predefined target.
Adjust positions dynamically as new patterns emerge, ensuring flexibility in changing market conditions.
Let’s Connect and Trade Smarter Together!
Hey traders! If you’ve made it this far, you’re already ahead of the game. Got questions or insights? Drop them right in the comments—I’d love to hear your thoughts and help fine-tune your trading strategy.
If this idea resonated with you, don’t forget to hit Boost and save it for later. This way, you can revisit and see how price action plays out according to my analysis. Watching price respect key levels and rays in real time is one of the best ways to master your trading skills!
By the way, the indicator-strategy I use, which auto-plots all these rays and levels, is a private tool. If you’d like access to it, send me a message—I’m happy to chat about how you can use it to elevate your trading game.
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Bitcoin - Lofty Promises, Disturbing Results: My Crypto Journey.I make no claim to know where Bitcoin is headed. All I know is my opinion on it, and my feelings about cryptocurrencies in general, especially how they've evolved over the years. My sense continues to tell me that things are very wrong with crypto, and that eventually it's going to fade into the uncomfortable past, a kind of failed experiment. Back in 2022, I thought that if it gets bigger and bigger, it's a general symptom of wealth concentration, exploitation, and mass delusion. I don't think this technology is beneficial to society, as it extracts both attention and resources from its participants. Unless, of course, you can manage to be one of those who profits and then turns their profits into material wealth and/or positive change.
Looking at my own personal timeline for my sentiment about crypto, let's see how I ended up here:
November, 2017 : I am out of college for over a year now. I've been working a tough sales job for a year and I'm beginning to get burned out. I hear about Bitcoin from a friend. "if you buy in at $10K, sell at $20k and double your money." I then learn about Bitcoin and think, well, things are pretty bleak in the world right now. I don't know what I'm doing with my life. What if the banks collapse and I'm left with nothing? Bitcoin seems like a viable alternative. I buy out of fear, around $13.8k. Then, I see my value go up. Greed takes over. I go down a rabbit hole, learning about altcoins such as XRP, XLM, and LTC. Even XRB, which later becomes Nano. What if any of these becomes the next Bitcoin?
January, 2018: I think that I should have just cashed out. I must have bought the top. But, what if it all comes back even stronger? I could be rich. I pull out part of my initial investment and watch the rest continue to spiral downwards. I quit my job out of burnout.
May, 2018: Bitcoin continues to make lower highs. I start working that crazy sales job again part-time, as I need the money while the bear market persists.
December, 2018: All hope seems lost. I quit my sales job, again out of burnout and deciding I don't want to do this the rest of my life. I'm 25 years old. Then, I decide to look for reasons price might go up again, which would also then save me from having to go back to work again. I could just be an artist full time. I get into TA, thinking that it's kind of like art. Instead of working on my actual art or writing as much as I want to, I create all sorts of trendlines and other visual and fundamental reasons crypto could come back even stronger than before. I prepare. I buy ETH around $100. I'm now posting regularly on TradingView. I start figuring out which coins I want to load up on for the next bull run.
April, 2019: The market is back. I'm pretty sure the bottom is in. I'm gonna make it. I continue to post about various cryptocurrencies on tradingview, although I begin to feel worried about altcoins. Will they survive through the next cycle?
October, 2019: The market is volatile. Bitcoin finally hits $10K again, though there's something strange going on. Is price being manipulated?
February, 2020: Things are starting to feel precarious. ETH has done better now, boosting my portfolio back towards break even for the first time. The COVID crash is immanent. I've decided on a career to pursue.
March, 2020: Panic. Markets are screwed. I'm going down with the ship. I'm too scared to buy more because everything feels apocalyptic.
September, 2020: I begin grad school. While working mostly from home and attending classes remotely, I have a lot of time on my hands to post crypto analysis. I want to invest more, but I have very little income as a student. I feel that price is about to explode upwards. However, in grad school I'm also learning a lot about systems and becoming more and more skeptical about whether crypto would bring about any positive change to financial systems.
February, 2021: ETH has broken all-time high. I'm in significant profit. I'm checking my portfolio all the time. Will the altcoins rally soon?
Spring - Summer 2021: There's a huge amount of dumping. What's going on here? Why does Elon Musk have so much influence over this market? I thought it was supposed to be decentralized. Tweets are having a huge effect on the market. Should I sell? No, I think it's just a correction. I'm right, at least for now.
December, 2021: I'm feeling pretty bullish. Bitcoin made a significant new all-time high. But, something is tingling underneath my skin. I can't quite shake it. What's going on with this LUNA coin? A number of things are starting to unravel in my mind. For example, El Salvador recently made Bitcoin legal tender, but the response was very tepid. It's not seeming very practical at all. If it's not a viable currency, then what is it? I think about Elon Musk. I think about Michael Saylor and his defrauding of investors during the dotcom boom. I allow the cognitive dissonance I've been experiencing completely take over.
January - February, 2022: My feelings culminate. I decide to let go of all my crypto, realizing that it's not playing out ideally how I'd hoped. Plus, I'm in significant profit now. The forces that have taken advantage and control in traditional markets and the broader economy have latched themselves onto the cryptocurrency market, where investors are easily exploitable. The Super Bowl happens. Crypto starts to feel more and more like a joke. Who is really profiting from all this? NFT's are also irking me.
May, 2022: I finish grad school. Terra LUNA collapses, shortly after I speculated it would. For the rest of the year, I feel validated in my feelings about crypto. FTX collapses later that year, and although in hindsight it marked the bottom of the bear market, I'm hopeful that people will stay far away from this market in years to come. I am optimistic about my own financial future, as I now have a stable career. Later in the year, I make some money day trading, but I eventually stop since it's distracting me from my work.
July, 2023: I continue with my new career in the mental health field. I'm 30 years old. XRP was deemed not a security when sold to retail investors, but a security when sold to initial institutional investors. I am disappointed in this outcome, as I disagree and believe many altcoins like XRP are clear securities. I'm glad to be paying less attention to the crypto market.
January, 2024: Against my speculation and to my disappointment, Bitcoin ETF's are approved. I stubbornly stay away from the market, believing the ETFs to be another cash grab and an opportunity for existing holders to cash out, particularly those whales who have been on the stablecoin side of things - the orchestrators behind USDD, USDT, etcetera.
August, 2024: Ripple is only fined a tiny fraction of the initial request by the SEC for selling unlicensed securities. This opens the floodgates for money to pour back into altcoins, and for more ETFs to eventually be created.
November, 2024: Bitcoin finally makes a significant new all-time high after Trump is re-elected. It had been consolidating for much of the year, seeming at times that it would break down and not push past its previous high.
January, 2025: Trump is back in office. There's volatility across the market. Many are hopeful that his presidency will bear fruit for crypto holders. Meanwhile, he creates his own meme tokens and profits enormously from them, not unlike the numerous crypto grifters from years past, the grifters that took hold of the market and told me to stay away. I feel upset that price went against my speculation, though also vindicated. Crypto is exactly what I realized it was. My opinion has not changed. It's just another bulky asset, though one where the corruption is far more transparent than it is in the world of traditional finance. Even though it's there for all to see, not much is being done about it. Typical, really, of this current era of deregulation and apathy. Michael Saylor continues to hoard more and more. It's just the plaything of the wealthy now. It's what some people always wanted Bitcoin to become, but the antithesis of what many thought it represented.
I'm happy with my career, and I feel good knowing I invested in myself and did not continue to chase cryptocurrencies. After all, it's better to be able to generate capital myself than wait for someone else to do it for me. It's a more certain future for me, with much less speculation. I'm also able to pay off everything from grad school with my profits from the last bull market.
Bitcoin active addresses have not grown since 2017. studio.glassnode.com
It is hoarding, and hoarding through custodians. Plus, those who were already into it just kept buying. A few left entirely. And a few wealthy players began accumulating.
Now for a little TA:
This is the structure I'm looking at for Bitcoin. Failure to push back above that orange trendline has resulted in a rejection so far. This chart should give an idea as to the various extremes price can take over the coming days/weeks:
This is the longer term BLX chart, showing diminishing returns curved trendlines. If Bitcoin continues to follow this shape, the peak could be limited to $160-170K if reached this year. That is, if it has not already hit the top.
The bottom of this structure is comfortably at a major level - near $30k.
This bullish structure would need to break down to confirm a bearish period:
Right now, the chart LOOKS bullish, but it's important to pay attention to the other signals, the other things going on behind the scenes. Public perception is important as well. The monthly chart appears bullish until the 9 EMA (near $80k now) is lost. The ultimate oscillator continues to show a longer term bearish divergence:
The weekly chart can look like a tweezer top with a failed high if price cannot push back above $108k later this week.
If that push up is successful, I think price can rally up towards $160k before profit taking begins in real earnest again.
Let's see what happens!
Thank you for going on this journey with me, especially if you've followed me since the earlier days. As always, this post represents my personal opinion and is in no way intended as financial advice.
-Victor Cobra
Solana ($SOL) Cup and Handle offers 65% Gain PotentialTaking a look at Solana on the Weekly timeframe, i've drawn out this cup and handle pattern:
As we can see here, the swing low of $8 to the swing high of $264 provides a measurement we can use from the recent low of $169. When we pair that with a fib extension we have a perfect 1.618 that aligns with this price target of around $400. Notice, however, that we also have another potential swing low and a 1.272 fib extension with a price target of around $350.
Given the bullishness of CRYPTOCAP:SOL , being the best crypto in the space, and the catalyst $TRUMP has brought, introducing the general public to its fantastic user experience, low fees, and quick transfer speeds, the bull case for SOL is quite apparent.
Howevever, I would be remiss not to point out the bear case that is showing itself here. At least for the short term:
As you can see, this daily rising wedge has been forming since April. We've fallen out of it, bounced off the bottom, and rocketed back into it only to hit the top of the inside of the wedge at $295 and be rejected back below the previous ATH of $264.
I see the 200-day MA (Purple line) as my key support level to remain bullish, and has proved to be a strong buy level. I managed to catch it at $175 on the latest attempt to breach that led to a massive move to $295.
One should always consider both the bull and bear cases and manage risk accordingly.
This is for informational purposes only and not a suggestion or recommendation to buy or sell any asset or otherwise. You are responsible for your own decisions no matter where you get information. Never invest if you can't afford it and consider all investing gambling.
- Shadowfigure