ETHUSDT potential short-term correctionThe ETHUSDT market has recently experienced a decline, testing the key psychological level of 3000. Although it briefly broke below the previous support level, it soon retraced. Despite this, there are no clear signs of bullish momentum in the area, suggesting a potential lack of strong buying interest. This could lead the market to establish a range zone for accumulation. The market is likely to consolidate near this support level, with the range zone serving as both support and resistance. It is anticipated that the price could reverse and retest the 3000 level.
On the daily timeframe, the price appears to be forming an ABCD pullback, which implies the market might dip below the 2900 level. A similar pattern was observed earlier in 2024. The focus remains on the support zone near the 3000 level
Crypto
EURAUD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
SOL waiting for 180,1$I closed my TON position with a +22.5% profit a nd SOL with +39.55% profit , all within one day. This was during an extremely volatile period, making it one of the most challenging trades, as both the stock and crypto markets faced significant pushback yesterday.
At one point, I saw a -100% unrealized loss, but the order setup allowed me to recover and secure profits.
Currently, the market appears to be leaning downward, with bulls trying to defend key levels: BTC at $90k-$93k, SOL at $180, and TON at $5-$5.2. These levels have been tested multiple times, but liquidity ultimately dictates the game.
For now, I’m staying cautious and I do not enter into a deal. However, I’m setting an order for Solana at $180 with 25x leverage and a $30 margin, assuming SOL might dip again and recover quickly.
ETH/USDT Chart Update:ETH/USDT Chart Update:
Ethereum is trading within a descending triangle on smaller timeframes, a structure often associated with bearish continuation. However, it could also signal accumulation if support holds.
Immediate support lies between $3,100 – $3,050, where buyers are attempting to prevent further declines.
Near-term resistance aligns at $3,200, followed by the upper boundary of the descending triangle near $3,300.
A breakout above $3,300 could trigger a rally towards $3,400 – $3,500, which would invalidate the bearish structure.
A break below the $3,050 level could see ETH retesting the psychological level of $3,000 or deeper support zones.
Volume and momentum indicators should be monitored closely to confirm any breakout or breakdown. Low-volume breakouts may lack sustainability.
Wait for a decisive move beyond the triangle pattern before entering. Bullish bias above $3,300; bearish continuation below $3,050.
This update shows the short-term dynamics and important levels for ETH/USDT in the upcoming sessions.
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
BTC/USDT 4-hour chart !!The BTC/USDT 4-hour chart highlights key technical levels and potential market movements:
Bitcoin has rebounded strongly from the green horizontal demand zone near $92,000-$94,000, indicating that buyers are coming to defend this crucial level.
A descending trendline continues to act as resistance around the $98,000-$100,000 range. A breakout above this line will signal a shift in momentum towards the bulls.
The recent surge indicates renewed buying interest, and if Bitcoin maintains this upward momentum, it could challenge the descending trendline in the near term.
A breakout above this resistance could open the door for further gains, potentially targeting the $102,000-$105,000 range.
Moving Averages:
The 21-period moving average is currently at $94,105 and could act as a dynamic support level if the price pulls back.
A clean break above the descending trendline could start a strong upward rally, with higher price targets in sight.
If Bitcoin fails to move above the trendline and reverses, retesting the green demand zone becomes possible. A breakdown below this zone could trigger further upward pressure.
Traders should keep an eye out for a decisive breakout or rejection at the trendline to confirm the market’s next direction.
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
Bulls or Bears? Who’s going to be Top Doge!The market remains in a critical state, with key levels in play that will determine the next major move. The price has failed to break the .41 level, confirming the development of a 3-wave move up. This signals that the market may be entering a period of consolidation or correction, rather than continuing its upward trajectory.
Currently, the price has broken below key support and is facing rejection at this level. This rejection suggests that bearish momentum could be taking hold, with the potential for an impulse move down in the near future.
For bulls, the immediate focus is on reclaiming the .35 level. If the price fails to regain this level, the next potential target could be .28. Traders should remain vigilant as the market tests these crucial levels.
Key Levels to Watch
.35 Level
For bullish traders, reclaiming .35 is critical. If the price breaks back above this level, it would signal potential strength and might open the door for further gains. A failure to reclaim this level, however, could signal the start of a deeper pullback.
.28 Level
Should the bulls fail to reclaim .35, the .28 level becomes the next major point of interest with a potential of going deeper. This level could act as strong support, but a break below it may lead to further downside potential.
Potential for Impulse Down
At the moment, the market shows signs of a possible impulse move down, especially if the bulls cannot regain control above .35. If the price continues to reject at key levels, the market may quickly shift toward bearish pressure, with .28 coming into play as the next potential target.
Is Bitcoin Heading to $78K? Key Patterns Explained!
''BTC/USD: Key Supply Zone in Focus''
This chart highlights a significant supply zone between $94,858.98 and $95,979.83, marked by previous price rejections (indicated by the arrows). This zone represents a key area of resistance where selling pressure has historically dominated.
If the price revisits this zone, there’s a high probability of another rejection, potentially leading to a downward movement. Traders should monitor this area closely for potential short opportunities or signs of a breakout.
👉 What’s your take on this supply zone? Will it hold, or are we breaking through? Let me know your thoughts in the comments!
"BTC/USD: Bearish Head and Shoulders Pattern"
This chart showcases a classic Head and Shoulders pattern, often regarded as a bearish signal. The price has already broken the neckline, indicating a potential continuation to the downside.
The target for this pattern lies near $78,490.59, calculated based on the height of the structure. Combined with the current price action, this setup suggests further bearish momentum could be on the horizon.
👉 Do you agree with this bearish outlook? Or do you see a reversal coming? Share your analysis in the comments below!
LINK, watch out the liquidity hunt!Hello everyone,
if you haven't already on chart, load this fantastic indicator from Alien_Algorithmus. It shows you the liquidation levels of big positions in crypto assets, which is helpful to forecast the trend. Actually we have still some liquidity below left, but on the other hand, above is way more. Whenever you see that some many "clouds" are building in a general bull market it's very likely the chart will hunt this zones.
Also we are at the golden ratio level between 0.5 and 0.618 and we have a good structural support. I believe we can see a bounce here, maybe even the start of the fifth wave towards 40 USD.
DOGEUSD: Typical prerally accumulation. Strong BUY.Dogecoin turned neutral on its 1D technical outlook (RSI = 45.150, MACD = -0.010, ADX = 26.634) as it tested the January 9th low. Technically this is a HL on the Channel Up that started after the December 20th 2024 bottom. The 1D RSI pattern looks very much like the last time it was trading on those (nearly) oversold levels after the August 5th 2024 bottom, as well as the time before that, the January 7th 2024 bottom.
All three are Channel Up patterns that were technical accumulations, separated in two phases. We have denoted those with the Arcs. In relative terms with those past patterns, we are currently at the end of accumulation phase 1, so the price should start rising to a new HH on the Channel Up. The past two patterns kickstarted a parabolic rally after that HH pullback, that marginally exceeded the 3.0 Fibonacci extension.
This projects that DOGE's long term target is the new 3.0 Fib from High to Low (TP = 1.6000).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
ADAUSD - From this simple chart, whole crypto market bullish?While its not necessary obvious to guess next move on BTC, some alts like ADA can help a lot
ADA made a rebound on the weekly 200MA on the 20th of December, that mark was also a support from the previous high made in feb 2024 and another support on feb 2022
as we are talking with big timeframes, chances for the asset to go under 20th December lows are very unlikely (but still possible), making the WHOLE crypto market still very bullish
what now ?
We can easily revisit ATH at 3, the faster we reach it, the higher we can go next
3 possibilities : February, April or September
not financial advice
Cheers
ETC LONGAnalysis:
We are currently observing an accumulation phase in the market as the price tests a significant support level. This area is crucial for determining if the market will rebound or break further down.
The monthly open is highlighted, showing that price action has been trading below this level.
A potential breakout to the upside is expected, with the conservative target set around $32. This aligns with previous resistance zones, where price has struggled to break above.
If the price breaks above the $32 mark, the next potential target would be near the PMH (Previous Monthly High) at around $40.
Trade Plan:
Buy at current price levels near $24.34 with a stop loss just below the support (around $21).
Target 1: $32 (Conservative Target)
Target 2: $40 (PMH)
Risk Management:
Keep stop-loss orders below the accumulation zone to limit risk in case of a breakdown.
Note:
This setup is based on technical analysis and assumes that the market continues to show signs of a bullish reversal. Keep track of broader market trends and adjust accordingly.
Dogecoin - The Dog Is Still 100% Bullish!Dogecoin ( CRYPTO:DOGEUSD ) is still dominated by bulls:
Click chart above to see the detailed analysis👆🏻
I know, a lot of people are already freaking out about Dogecoin because of the recent dump of more than -25%. But we just witnessed a rally of more than +500%, so give this coin some room to breath. Everything remains 100% bullish, even if we see another short term pullback.
Levels to watch: $0.5, $0.2
Keep your long term vision,
Philip (BasicTrading)
Is FET About to Bounce or Break Down Completely?Yello, Paradisers! FETUSDT is at a make-or-break point right now. The recent retracement looks healthy, and the pair has taken out liquidity (inducement) from weaker hands. But can it hold this support zone and bounce?
💎If we start seeing bullish signs such as a bullish I-CHoCH (internal change of character) or reversal patterns like a W pattern or an inverse head and shoulders on the lower timeframes, the probability of a bullish move significantly increases.
💎However, be prepared for more retracement or panic selling. If that happens, the next strong support zone could trigger a bounce, but again—we need to see bullish confirmations on lower timeframes to consider entering long positions.
💎If the price breaks below the key support zone and closes candles underneath it, the entire bullish idea will be invalidated. In that case, it’s best to stay patient and wait for better price action to form before making any moves.
🎖Patience and discipline are the keys here, Paradisers. Always wait for the highest probability setups to reduce risk and increase your edge. Remember, it’s not about predicting the market—it’s about reacting to what the market gives you.
MyCryptoParadise
iFeel the success🌴
BTCUSD Falling Wedge made a bottom. Short term buy signal.Bitcoin / BTCUSD is trading inside a Falling Wedge, which just made a new Low today.
Every prior hit on its bottom trendline / support has been a buy signal.
The December 20th and 23rd bottoms rebounded to Resistance A. The December 30th rose a bit more to the 0.618 Fibonacci level.
As a result we can buy and target at least $95750 (Resistance A).
See also how the 4hour RSI made a similar Double Bottom to December's.
Follow us, like the idea and leave a comment below!!
Trade Setup: NEAR Long OpportunityMarket Context:
NEAR is retracing alongside the broader market, presenting a favorable opportunity for a long spot trade at a key support level. With AI being a strong narrative, NEAR is positioned for potential growth in this sector.
Trade Details:
Entry Zone: Around $4.2
Take Profit Targets:
$5.00
$5.50
Stop Loss: Below $4.00
This trade takes advantage of NEAR's retracement to enter at a critical support level with favorable upside potential. 📈
What’s Next for BTC: $99K or $84K?Good Morning, Trading Family!
What’s Next for BTC: $99K or $84K?
Here’s the game plan: if BTC corrects up to $93K, $94K, or $96K, it could then pull back down to the $84K marker. But if BTC breaks $96K, we could see it climb to $99K.
This Sunday, I’m hosting a webinar on how emotions can hurt your trading and how to take control of your mindset for better results.
Send me a message or check out my profile for details. If this added value to your trading, like, comment, and share it with someone who needs it.
Kris/Mindbloome Exchange
Trade What You See
We are due a 2017 style ALT season.One for the memory banks!
Now
do we actually get what we are "owed" ?? :)
We don't know
and nothing is owed to us of couurse
But
Selling too soon could be quite disastrous... as many peopleI speak to say to me 5X - 10X I am out..
Which may be prudent
If you are out. Stay out and don't FOMO back in again near the tops
So it's best to scale out in my opinion
last cycle was a quite difficult Alt season ... some bag holders actually did not get to experience any euphoria
Hence why I am leaning to an exsplosive alt season
BTC at $70k doesn't feel euphoric
so what will it take?