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Cryptocurrency
Is This the Turning Point for BYBIT-SPECUSDT.P?Current Market Dynamics: A Pivot Moment for BYBIT-SPECUSDT.P
The cryptocurrency market often surprises, and BYBIT-SPECUSDT.P is no exception. Trading at $6.223, the asset finds itself 66.78% below its historical high of $18.735 from November 30, 2024, but also an impressive 46% above its absolute low of $4.262 in July 2024. Are we witnessing a buildup for the next major move?
The technical picture reveals key insights. The RSI14 on the hourly chart is deeply oversold at 26.15, indicating potential upward momentum brewing. Meanwhile, the MFI also signals undervaluation at 29.92. These indicators align with a possible bounce from the current consolidation zone.
A series of VSA Buy Patterns highlights a steady buying interest, with a recent 0.6% upward movement confirming bullish pressure. Yet, powerful resistance looms overhead at $7.055 and $7.452, which will need to break for a sustained rally.
The Intriguing Question: What's Next?
With prices hovering near critical levels, the stage is set for decisive action. Will bulls seize this as a launchpad for recovery, or are bears poised to press their advantage? The convergence of oversold signals and strong resistance tests could herald significant volatility.
Stay tuned for updates on this thrilling setup—your opportunity might just be around the corner.
Roadmap of BYBIT-SPECUSDT.P: A Playbook of Price Action
Understanding the market through its historical patterns is the key to staying ahead. Here’s a detailed breakdown of the major events shaping BYBIT-SPECUSDT.P, tracing each significant pattern and its price implications.
1. VSA Buy Pattern Extra 1st: January 23, 2025, 02:00 UTC
This bullish setup hinted at a potential upward movement. Price opened at $6.225, closed slightly lower at $6.216, and formed a low of $6.118. The main direction was Buy, signaling an impending bullish pressure.
Validation: The next pattern maintained a buying trajectory, closing higher in subsequent moves, confirming the accuracy of the bullish call.
2. VSA Buy Pattern Extra 1st: January 23, 2025, 01:00 UTC
A reinforcing bullish signal emerged, with an opening at $6.321 and a closing dip to $6.225, but this set the stage for a rebound. Low and high levels ($6.162 to $6.733) indicated market hesitation before the trend firmed up.
Validation: The direction remained consistent, as subsequent candles edged higher, confirming the trigger point's reliability.
3. VSA Buy Pattern Extra 1st: January 23, 2025, 00:00 UTC
This pattern marked an uptick in bullish confidence. The price action fluctuated between $6.277 and $6.912, with a clear move aligning with the Buy main direction.
Validation: A steady upward movement followed, further strengthening the bullish narrative.
4. Increased Sell Volumes: January 22, 2025, 20:00 UTC
A stark contrast emerged as the sell volumes peaked. Prices opened at $6.704 and plummeted to close at $6.456, setting a bearish undertone.
Validation: This pattern effectively predicted the selloff that extended into subsequent bars, proving its worth as a reversal indicator.
5. VSA Buy Pattern Extra 1st: January 22, 2025, 00:00 UTC
The market flipped bullish again, with the price moving from $6.905 to $6.628. A decisive direction shift was signaled.
Validation: True to its bullish call, this pattern initiated a recovery, validated by later price movement above the $6.7 zone.
Key Insights for Traders
Patterns that align with subsequent price action (e.g., VSA Buy Pattern Extra 1st) consistently deliver actionable signals. Increased Sell Volumes can provide crucial early warnings of reversals, enabling traders to hedge effectively. Adhering to trigger points ensures higher accuracy and confidence in trading decisions.
This roadmap not only reflects historical accuracy but also provides a guide for spotting actionable opportunities in real time.
Technical & Price Action Analysis: Key Support and Resistance Levels
Trading is all about catching the bounce or riding the breakout. Here’s the rundown of the key levels for BYBIT-SPECUSDT.P that traders should keep their eyes on. Remember, if these levels don’t hold, they’ll flip into resistance and become roadblocks for price action.
Support Levels:
First up, we’re looking at a soft landing zone that could provide a decent bounce opportunity. Monitor how the price reacts to this area to gauge momentum.
Resistance Levels:
The immediate barriers lie at $7.055, $7.452, and $7.968. These are the lines in the sand where bulls will face heavy fire. If the price can't break through, expect reversals back to support.
Powerful Support Levels:
Not much firepower here, meaning the price may lack strong buying interest on the downside.
Powerful Resistance Levels:
Eyes are on $5.539—this is the rock where many moves may stall. If this level flips into support, it’ll be a key confirmation of bullish dominance.
Pro Tip:
Keep an eye on how the price interacts with these levels. If a support doesn’t hold, it’s not just a miss—it’s a new ceiling traders will have to deal with. Always be prepared to pivot and adapt.
Trading isn’t about guessing—it’s about reacting. These levels are your roadmap to staying ahead of the pack.
Concept of Rays: Trading Strategies Based on Fibonacci Rays
The "Rays from the Beginning of Movement" concept provides a structured yet flexible system for analyzing and trading market movements. It combines Fibonacci principles with dynamic price behavior and technical analysis, creating a unique tool for identifying opportunities. Let’s dive into how to use this method effectively.
Core Idea
Fibonacci Rays form dynamic boundaries that guide price movements, signaling potential reversals or continuations. These rays interact with key levels and Moving Averages (MA50, MA100, MA200) to highlight zones where significant price action occurs.
The principle is simple: trade after price interaction with a ray and the appearance of a clear directional movement. This ensures higher confidence and allows riding the trend between rays.
Optimistic Scenario: Targets for Bulls
If the price interacts with ascending rays and shows strength, we target the next resistance levels.
First Target: $7.055 – A move above MA50 aligns with this zone, signaling continuation to $7.452.
Second Target: $7.968 – As price confirms momentum, this level becomes the next checkpoint.
Third Target: $10.057 – A breakout here could unlock higher levels, supported by interaction with MA200.
Pessimistic Scenario: Targets for Bears
Should price react to descending rays or fail to hold support levels, bearish setups become actionable.
First Target: $5.539 – Breakdown through MA50 and interaction with descending rays suggests further downside.
Second Target: $4.800 – A continuation of bearish momentum will likely test this zone.
Third Target: $4.262 – Retesting the absolute low completes this scenario.
Dynamic Price Interaction and Moving Averages
When price interacts with key Moving Averages, it strengthens the ray’s significance. For example:
Price holding above MA50 and interacting with an ascending ray indicates bullish continuation to the next ray.
Rejection at MA200, coupled with descending ray interaction, confirms bearish potential.
Suggested Trade Setups
Long Trade: Enter after price bounces off an ascending ray and moves above $7.055. First target: $7.452, then $7.968.
Short Trade: Enter after rejection at $6.800 (near MA100), targeting $5.539. Keep stops above MA100 to manage risk.
Swing Trade: If price consolidates near MA200 and interacts with rays, look for breakout or breakdown to capture the move toward the next ray level.
Scalping Trade: Use minor ray interactions for quick entries and exits, targeting the immediate next ray for profits.
Final Thoughts
The interplay of Fibonacci Rays, key levels, and Moving Averages provides a structured yet adaptive trading framework. By aligning trades with these dynamics, traders can capture movements with high confidence, knowing each step is guided by natural market principles.
Current Market Dynamics: A Pivot Moment for BYBIT-SPECUSDT.P
The cryptocurrency market often surprises, and BYBIT-SPECUSDT.P is no exception. Trading at $6.223, the asset finds itself 66.78% below its historical high of $18.735 from November 30, 2024, but also an impressive 46% above its absolute low of $4.262 in July 2024. Are we witnessing a buildup for the next major move?
The technical picture reveals key insights. The RSI14 on the hourly chart is deeply oversold at 26.15, indicating potential upward momentum brewing. Meanwhile, the MFI also signals undervaluation at 29.92. These indicators align with a possible bounce from the current consolidation zone.
A series of VSA Buy Patterns highlights a steady buying interest, with a recent 0.6% upward movement confirming bullish pressure. Yet, powerful resistance looms overhead at $7.055 and $7.452, which will need to break for a sustained rally.
The Intriguing Question: What's Next?
With prices hovering near critical levels, the stage is set for decisive action. Will bulls seize this as a launchpad for recovery, or are bears poised to press their advantage? The convergence of oversold signals and strong resistance tests could herald significant volatility.
Stay tuned for updates on this thrilling setup—your opportunity might just be around the corner.
Roadmap of BYBIT-SPECUSDT.P: A Playbook of Price Action
Understanding the market through its historical patterns is the key to staying ahead. Here’s a detailed breakdown of the major events shaping BYBIT-SPECUSDT.P, tracing each significant pattern and its price implications.
1. VSA Buy Pattern Extra 1st: January 23, 2025, 02:00 UTC
This bullish setup hinted at a potential upward movement. Price opened at $6.225, closed slightly lower at $6.216, and formed a low of $6.118. The main direction was Buy, signaling an impending bullish pressure.
Validation: The next pattern maintained a buying trajectory, closing higher in subsequent moves, confirming the accuracy of the bullish call.
2. VSA Buy Pattern Extra 1st: January 23, 2025, 01:00 UTC
A reinforcing bullish signal emerged, with an opening at $6.321 and a closing dip to $6.225, but this set the stage for a rebound. Low and high levels ($6.162 to $6.733) indicated market hesitation before the trend firmed up.
Validation: The direction remained consistent, as subsequent candles edged higher, confirming the trigger point's reliability.
3. VSA Buy Pattern Extra 1st: January 23, 2025, 00:00 UTC
This pattern marked an uptick in bullish confidence. The price action fluctuated between $6.277 and $6.912, with a clear move aligning with the Buy main direction.
Validation: A steady upward movement followed, further strengthening the bullish narrative.
4. Increased Sell Volumes: January 22, 2025, 20:00 UTC
A stark contrast emerged as the sell volumes peaked. Prices opened at $6.704 and plummeted to close at $6.456, setting a bearish undertone.
Validation: This pattern effectively predicted the selloff that extended into subsequent bars, proving its worth as a reversal indicator.
5. VSA Buy Pattern Extra 1st: January 22, 2025, 00:00 UTC
The market flipped bullish again, with the price moving from $6.905 to $6.628. A decisive direction shift was signaled.
Validation: True to its bullish call, this pattern initiated a recovery, validated by later price movement above the $6.7 zone.
Key Insights for Traders
Patterns that align with subsequent price action (e.g., VSA Buy Pattern Extra 1st) consistently deliver actionable signals. Increased Sell Volumes can provide crucial early warnings of reversals, enabling traders to hedge effectively. Adhering to trigger points ensures higher accuracy and confidence in trading decisions.
This roadmap not only reflects historical accuracy but also provides a guide for spotting actionable opportunities in real time.
Technical & Price Action Analysis: Key Support and Resistance Levels
Trading is all about catching the bounce or riding the breakout. Here’s the rundown of the key levels for BYBIT-SPECUSDT.P that traders should keep their eyes on. Remember, if these levels don’t hold, they’ll flip into resistance and become roadblocks for price action.
Support Levels:
First up, we’re looking at a soft landing zone that could provide a decent bounce opportunity. Monitor how the price reacts to this area to gauge momentum.
Resistance Levels:
The immediate barriers lie at $7.055, $7.452, and $7.968. These are the lines in the sand where bulls will face heavy fire. If the price can't break through, expect reversals back to support.
Powerful Support Levels:
Not much firepower here, meaning the price may lack strong buying interest on the downside.
Powerful Resistance Levels:
Eyes are on $5.539—this is the rock where many moves may stall. If this level flips into support, it’ll be a key confirmation of bullish dominance.
Pro Tip:
Keep an eye on how the price interacts with these levels. If a support doesn’t hold, it’s not just a miss—it’s a new ceiling traders will have to deal with. Always be prepared to pivot and adapt.
Trading isn’t about guessing—it’s about reacting. These levels are your roadmap to staying ahead of the pack.
Concept of Rays: Trading Strategies Based on Fibonacci Rays
The "Rays from the Beginning of Movement" concept provides a structured yet flexible system for analyzing and trading market movements. It combines Fibonacci principles with dynamic price behavior and technical analysis, creating a unique tool for identifying opportunities. Let’s dive into how to use this method effectively.
Core Idea
Fibonacci Rays form dynamic boundaries that guide price movements, signaling potential reversals or continuations. These rays interact with key levels and Moving Averages (MA50, MA100, MA200) to highlight zones where significant price action occurs.
The principle is simple: trade after price interaction with a ray and the appearance of a clear directional movement. This ensures higher confidence and allows riding the trend between rays.
Optimistic Scenario: Targets for Bulls
If the price interacts with ascending rays and shows strength, we target the next resistance levels.
First Target: $7.055 – A move above MA50 aligns with this zone, signaling continuation to $7.452.
Second Target: $7.968 – As price confirms momentum, this level becomes the next checkpoint.
Third Target: $10.057 – A breakout here could unlock higher levels, supported by interaction with MA200.
Pessimistic Scenario: Targets for Bears
Should price react to descending rays or fail to hold support levels, bearish setups become actionable.
First Target: $5.539 – Breakdown through MA50 and interaction with descending rays suggests further downside.
Second Target: $4.800 – A continuation of bearish momentum will likely test this zone.
Third Target: $4.262 – Retesting the absolute low completes this scenario.
Dynamic Price Interaction and Moving Averages
When price interacts with key Moving Averages, it strengthens the ray’s significance. For example:
Price holding above MA50 and interacting with an ascending ray indicates bullish continuation to the next ray.
Rejection at MA200, coupled with descending ray interaction, confirms bearish potential.
Suggested Trade Setups
Long Trade: Enter after price bounces off an ascending ray and moves above $7.055. First target: $7.452, then $7.968.
Short Trade: Enter after rejection at $6.800 (near MA100), targeting $5.539. Keep stops above MA100 to manage risk.
Swing Trade: If price consolidates near MA200 and interacts with rays, look for breakout or breakdown to capture the move toward the next ray level.
Scalping Trade: Use minor ray interactions for quick entries and exits, targeting the immediate next ray for profits.
Final Thoughts
The interplay of Fibonacci Rays, key levels, and Moving Averages provides a structured yet adaptive trading framework. By aligning trades with these dynamics, traders can capture movements with high confidence, knowing each step is guided by natural market principles.
Let’s Keep the Conversation Going!
Got questions about the analysis or want to dive deeper into the strategy? Drop your thoughts in the comments—I’m here to discuss, clarify, and explore new ideas with you.
If you found this post helpful, don’t forget to hit Boost and save it for later. This way, you can revisit it as the price action unfolds and see how it aligns with my ray-based levels. Trust me, understanding these key interaction points is a game-changer for your trading.
For those curious about the ray system: my indicator automatically maps out all the levels and rays, simplifying your analysis. It’s a private tool, but if you’re interested, send me a message—I’ll explain how you can access it.
Want a custom analysis for your favorite asset? Let’s make it happen! I’m open to creating free public insights or discussing private, tailored breakdowns for your strategy. My ray system works across all assets, and I can provide precise setups just for you.
If there’s an asset you’d like me to chart, simply comment below and hit Boost to show your interest. I’ll do my best to prioritize it.
Finally, don’t miss out—follow me here on TradingView for more insights, strategies, and unique ideas. Your feedback, questions, and engagement fuel this community, and I can’t wait to connect with all of you. Happy trading!
JUP/USDT: A Critical Crossroad - Is the Market Poised for a TurnThe Tides Are Shifting
As we step into 2025, JUP/USDT finds itself teetering on a fine edge. Trading at $0.8152, the pair has retraced by over 55.9% from its all-time high of $1.8496 reached in April 2024. Yet, the spotlight now turns to emerging bullish signals and a question looms: Are we witnessing a bottom or merely a pause before further declines?
The RSI (14) on the daily chart suggests oversold conditions at 32.68, signaling the potential for a rebound. Meanwhile, the MFI (60) at a low 29.68 reinforces this notion, reflecting dwindling sell-side pressure. However, the story becomes more intriguing when you factor in the interplay of patterns like the "Buy Volumes Takeover," hinting at a potential shift in momentum.
Yet, this is no time for complacency. With support levels lurking at $0.777 and $0.738, and resistance firmly set at $0.9017, the market faces a critical juncture. The breach of these barriers will likely define the trajectory for days to come.
What lies ahead? Will bulls seize control and drive a recovery, or does the market have further to fall? The answer could hold opportunities for both traders seeking short-term volatility and investors eyeing long-term gains.
Roadmap of JUP/USDT Patterns: Tracing the Moves
The Journey Begins: "Sell Volumes Max" (2025-01-20 17:00 UTC)
The pattern “Sell Volumes Max” kicked things off with a strong bearish vibe, closing at $0.912 after opening at $0.9657. True to its direction, subsequent patterns confirmed the continuation of selling pressure, with the next session plunging further into bearish territory. This was the moment where the bears took the reins.
A Glimpse of Hope: "VSA Buy Pattern Extra 2nd" (2025-01-20 17:00 UTC)
Enter the bullish contender. The “VSA Buy Pattern Extra 2nd” hinted at a recovery, but the subsequent “Sell Volumes Max” overpowered the buy signal, showing that bulls failed to secure dominance. This invalidated the potential reversal from the extra buy setup.
Reconfirmation of Bears: "Sell Volumes Max" (2025-01-21 04:00 UTC)
Another bearish signal appeared, and this time it delivered. Prices continued their southward journey, reinforcing the bearish momentum as the market respected the trigger points. The consistency here set the stage for further declines, proving this sell pattern’s reliability.
The Turnaround Begins: "VSA Buy Pattern Extra 1st" (2025-01-21 04:00 UTC)
Finally, the bulls struck back. This time, the pattern held its ground, with the market beginning to pivot upward in the following sessions. The trigger was validated, and the price began building upward momentum, signaling a potential long-term shift.
Bullish Revival: "VSA Manipulation Buy Pattern 4th" (2025-01-22 15:00 UTC)
The fourth iteration of the “VSA Manipulation Buy” emerged as the hero pattern. After a slow build-up, the market began respecting its bullish bias, breaking past the three-bar low triggers. Prices closed higher, confirming a significant turn in market sentiment.
Buy Dominance Confirmed: "Buy Volumes Take Over" (2025-01-22 16:00 UTC)
To seal the deal, the “Buy Volumes Take Over” reinforced the bullish sentiment, with prices moving decisively upward from this point. The sequence of bullish patterns successfully outperformed previous sell signals, marking this as a pivotal point in the trend’s evolution.
What’s Next?
Looking at the roadmap, we’ve seen a fascinating interplay between buyers and sellers. Patterns like “Sell Volumes Max” set the tone for a bearish leg, but it’s the precise recovery of buy patterns that brought balance back to the game.
Stay tuned, traders. The next chapter could redefine the market’s direction—are you ready to catch the wave?
Technical & Price Action Analysis: Key Levels on the Radar
Here’s the breakdown of the key zones that every trader should have pinned to their charts. These levels are where the action happens—either as bounce points or barriers. If the price fails to respect these zones, don’t sweat it; they’ll likely flip into resistance or support depending on the move.
Support Levels
0.777 – The first line of defense. If buyers can’t hold it, expect it to flip and act as a ceiling. 0.738 – A critical level for bulls to step in. If breached, it’s game over for a deeper dip.
Resistance Levels
0.9017 – The big hurdle. Bulls need to clear this to reclaim control. If not, it turns into a tough ceiling that could cap any rallies.
Powerful Support Levels
1.371 – The heavyweight champion of supports. If tested, it’s where we’d expect some serious buying pressure. But if it breaks, buckle up for some turbulence.
Powerful Resistance Levels
0.5783 – A fortress in the bears’ favor. Bulls breaking through here would signal a major shift in momentum.
The Golden Rule
Respect the levels, but stay nimble. If a support level cracks or a resistance gets shattered, flip your bias—these same levels will play for the other team as the market evolves. As always, let price action be your guide and keep it sharp!
Trading Strategies Using Rays: The Power of Fibonacci Dynamics
Concept of Rays
The "Rays from the Beginning of Movement" concept redefines precision trading. By leveraging Fibonacci mathematical and geometric principles, we construct rays that act as dynamic guides, predicting where the price might pivot or accelerate. These rays are drawn from the inception of a trend, not traditional extremum points, allowing traders to stay ahead of new trend phases or corrections.
Why It Works
Markets are complex, and predicting exact levels is often a fool’s errand. However, rays provide zones of high probability for price interaction. When paired with moving averages (MA50, MA100, etc.), these zones highlight key areas of potential reversals or continuations. Each ray and corresponding MA serve as stepping stones in the market, marking paths for price action.
Price interaction with rays, supported by Volume Spread Analysis (VSA), signals the ideal moment to enter trades—whether it's bouncing off a ray or breaking through it toward the next.
Optimistic Scenario
Price respects the Fibonacci ray levels and moving averages, triggering bullish momentum.
Entry: After price interacts with Support 0.777, supported by MA233 at 0.8756, and confirms upward movement. First Target: Resistance 0.9017 – Watch for a breakout or a pause. Second Target: Powerful Resistance 1.371 – Anticipate heightened activity at this zone.
Pessimistic Scenario
Bearish pressure dominates, breaking supports and interacting with descending rays.
Entry: After price breaks below Support 0.738, retests it, and interacts with descending rays, signaling continuation. First Target: Dynamic MA support near 0.675 – Aligns with descending ray zone. Second Target: Powerful Support 0.5783 – A likely point for consolidation or bounce.
Proposed Trades Based on Ray Interactions
Bullish Bounce from 0.777
This level, supported by ascending rays, presents a strong buying opportunity. Wait for confirmation through volume spikes or bullish candle patterns.
Breakout Trade Above 0.9017
If price interacts with ascending rays and MA50 before breaking this resistance, initiate a long trade targeting 1.371.
Bearish Breakdown Below 0.738
A clean break of this support, coupled with descending ray interaction, opens a short setup targeting 0.5783.
Dynamic MA Trade at 0.8756 (MA233)
If the price reverses near this level, supported by rays, it signals a strong continuation setup for trend followers.
Key Takeaways
Patience is Key: Always wait for price interaction with rays and MAs before entering.
Target the Rays: Movement from one ray to the next is often enough to secure solid profits.
Adaptability: Rays automatically adjust to new patterns, keeping you ahead in dynamic markets.
Trade smart, let the rays guide you, and ride the trends from zone to zone!
Let’s Stay Connected!
Hey there, fellow traders! If you’ve made it this far, it means you’re serious about improving your trading game, and I’m here to help. Have questions or thoughts about the analysis? Drop them in the comments below—I read and respond to everything, and your feedback is always appreciated. Let’s keep the conversation going!
Liked the roadmap? Don’t forget to hit Boost and save this idea to revisit later. Watching how price respects these rays and levels is crucial for sharpening your trading instincts. Remember: it’s not just about predictions—it’s about understanding key reaction points.
By the way, the rays and levels you see here? They’re automatically plotted by my private indicator-strategy. If you’re curious to use it, feel free to send me a private message to discuss access.
Need a custom analysis for your favorite asset? Let me know in the comments. I can create a detailed breakdown—either publicly for the community or privately if you prefer to keep your strategy under wraps. Whether it’s crypto, forex, or stocks, these rays work on all markets, and I’d be happy to personalize them for you.
Lastly, don’t forget to follow me here on TradingView to stay updated on all my latest ideas. Let’s build a community of smarter, more confident traders—starting with you. 🚀
HYPE Intraday Highlights (Thesis Prediction)
Market Position:
Current Price: $25.57, up +9.8% from recent lows.
Resistance: $27.00 | Support: $25.00.
Trend: Bullish recovery, breaking previous resistance levels, with potential for continuation or consolidation.
Key Technical Indicators:
RSI: 56.44, neutral with room for further price action.
MACD (30-min): Positive crossover, indicating building bullish momentum.
Bollinger Bands: Price near the upper band, signaling potential short-term overbought conditions or continued bullish tests.
On-Chain Insights:
Trading Volume: Up +59.34% to $622.47M, signaling heightened market interest.
Funding Rate (Bitget): 0.0288%, slightly bullish, reflecting market optimism.
Open Interest: Increased by +10.23% to $581.85M, suggesting accumulation by large traders or institutions.
Market Sentiment:
Sentiment: Strongly positive, fueled by the "HYPE Frenzy" event in December 2024.
Long/Short Ratio: 1.0396, indicating more long positions, aligning with bullish sentiment.
Scenarios:
Bullish (60%): Continuation above $27.00, potentially reaching $28.00+, driven by FOMO and sustained buying pressure.
Bearish (30%): Profit-taking or sentiment shift could pull prices back to $25.00 or $24.00 if support fails.
Sideways (10%): Consolidation between $25.00–$27.00 if sentiment cools or traders lock in profits.
Note: Keep an eye on resistance at $27.00 for a breakout or rejection, and monitor funding rates and volume for signs of momentum shifts. Always apply disciplined risk management.
itcoin Intraday Highlights (Thesis Prediction)Market Position:
Current Price: $104,492.92, down -1.56% in the last 24 hours.
Resistance: $106,394 | Support: $103,700.
Trend: Short-term bearish but within consolidation as price stays inside Bollinger Bands.
Key Technical Indicators:
RSI (14): 45.38, approaching neutral, easing selling pressure.
MACD (30-min): Bearish signal, with histogram at -141.18.
Bollinger Bands: Price near the lower band, suggesting potential support or further downside.
On-Chain Insights:
Exchange Balances: Binance BTC holdings at 1.81M BTC, signaling reduced selling pressure.
Funding Rates (Binance): Neutral (0.00100%), indicating no strong directional bias.
Market Sentiment:
Fear & Greed Index: 84 (Extreme Greed) despite recent decline.
Trading Volume: Dropped -31.89% to $112.68B, signaling reduced activity or consolidation.
Scenarios:
Bullish (35%): Rebound from $103,700 support; test of $106,000+.
Bearish (50%): Break below $103,700; potential drop to $100,000.
Sideways (15%): Range-bound trading between $103,700–$106,394 until a catalyst appears.
Note: Watch for breakout or breakdown signals and manage risk due to Bitcoin's high volatility.
Is BTC ready to explode or should we brace for a deeper drop?The pressure is mounting! Are we about to witness a massive breakout, or should we prepare for a deeper correction? The BTCUSDT chart is coiling into a elliott pattern, a classic bullish setup—but remember, trading is never guaranteed, and the market loves to test us! Here’s the full breakdown of what we’re seeing right now:
💎#BTC previously enjoyed a strong rally and made new ATH but due to #TRUMP not mentioning any words for crypto we have seen a massive sell pressure.
💎But according to elliott wave count, we are heading towards 3rd impulsive wave targeting 120-125k .
💎After that we can see a slight pullback making a 4th corrective wave
💎And then we can see #Bitcoin to final All-Time-High making at 130k level most probably
Stay patient, and always wait for confirmation before taking any action. Discipline is the key to long-term 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 The March effect is about to kick-inTrump's inauguration took place yesterday and that's perhaps the one event that the markets have been waiting for to kick-start the year without distractions. On today's analysis we go through every January of Bitcoin's (BTCUSD) final year of its Bull Cycles and present to you what we will call from now on 'The March effect'.
As you can see, the price action coming to those January months is fairly similar between that last 4 Cycles. The price finds Support below its 1D MA100 (green trend-line), then breaks above it and with that as its new Support, it rises towards January where it starts the first Consolidation Phase. After a new Low near (or on) the 1D MA100, the market resumes the uptrend and rise towards March where again it starts a second Consolidation Phase.
As a result, January - March during the Bull Cycle's final year deliver this incredibly bullish sequence and we can claim that the phenomenon has already started as January 13 2025 was a close enough test for the 1D MA100. We are expecting a March peak around $130k.
So do you think we will see the 'March effect' unfold once more and if yes is $130k a plausible target in your opinion? Feel free to let us know in the comments section below!
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💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BTC Price projectionBTC head and shoulder is still intact, it has been negated yet. It has from what is known as complex head and shoulders top.
If this pattern hold it might send BTC to 75k-80k region but if it failed we might see BTC around 124k-125k region.
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.
Need analysis for a specific asset? No problem! Whether you’re looking for a general post or a private breakdown tailored to your needs, we can make it happen. Some things I’ll gladly share publicly, while other ideas can stay exclusive—just let me know what works for you.
And here’s the best part: these rays work on all assets. If there’s a particular one you’re trading, comment below with the ticker and your thoughts. I’ll prioritize requests with Boosts, so don’t forget to show some love!
Finally, make sure you follow me here on TradingView. This is where all my best ideas and strategies land first. Together, we can navigate the markets with clarity and confidence. Let’s trade smart—looking forward to connecting with you all! 🚀
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
BITCOIN This is what followed Trump's previous inaugurationBitcoin / BTCUSD appears to be repeating almost the exact same pattern of Trump's 2016 election win.
The chart on the right shows that a Bull Flag set the stage for the Nov 8th 2016 elections, after which the price rallied near the 2.0 Fib extension and consolidated until Trump's Jan 20th 2017 inauguration.
What followed after that was an immediate rally a little over the 3.0 Fibonacci.
With the 2024-2025 pattern being almost identical so far, we can expect a similar rally to the 3.0 Fib, which is a little over $150k.
Previous chart:
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$CAT on Sale: Eyes on the 0.00003 Test!Excited for lower prices on $CATUSDT.
This looks similar to previous price actions on other coins, like MEW before it expanded.
I want to see this test the 0.00003 area before any reaction. Any bids within the two orange lines are welcome, as long as the price doesn't make new lows.
The weekly trend is still intact, and that’s the area where I expect to see some support on this chart.
BITCOIN: Just bounced on the former 4 year Resistance.Bitcoin is staging an incredible rebound on the nearly 4 year HH Resistance Zone, while being on a bullish 1D technical outlook (RSI = 61.575, MACD = 1366.600, ADX = 28.907) and a borderline overbought 1W, which really sets the tone for the rest of the bull market. This turns the former Resistance Zone into a Support, as this is the first test and bounce since it broke in November after the U.S. elections.
Symmetrically, the rally since August 5th 2024 looks like the rejection since November 8th 2021. Like the rejection reached the 2.0 Fibonacci extension, we expect the current bullish wave to do the same thing. A TP = 200,000 can be easily achieved under these conditions.
See how our prior idea has worked out:
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TradeCityPro | GALAUSDT Battle Between Buyers and Sellers 👋 Welcome to TradeCityPro Channel!
Let's dive into this cryptocurrency altcoin, after which I will explain in detail about Trump’s meme coin and his wife in the next analysis.
🔍 Bitcoin Overview
Before starting today’s analysis, let’s take a quick look at Bitcoin on the 1-hour timeframe. Last night, we saw some volatility, triggered by the inauguration of the new U.S. president, Mr. Trump, which led to these movements.
Initially, we experienced some bearish candles and dropped below $100,000. However, we bounced back and reached a new price ceiling of $109,350, which was touched on most exchanges. It was an unprecedented event for Bitcoin fans.
📅 Weekly Timeframe
On the weekly timeframe, GALA is one of those cryptocurrencies that is still fluctuating within its larger range box. It seems likely that it will break out soon.
The key resistance level here is at 0.06090. When we previously attempted to break the range box, the breakout was fake, and we returned to the box.
For re-entry, I plan to buy long-term once the range box ceiling at 0.06090 is broken. However, I will need volume increase for confirmation. For now, the main exit trigger will be a break below 0.01579.
📈 Daily Timeframe
On the daily timeframe, GALA is showing a good potential for a bullish movement as it’s breaking above its previous daily range.
After breaking the resistance at 0.02434, the price moved up nicely to the range box resistance of 0.0609, which was a reasonable place to take profits or exit the position. I personally opted for the latter.
Currently, the price is at a crucial support level at 0.03305, which is important on both the daily chart and also aligns with the 50% Fibonacci retracement level, a key technical point. This zone is considered a potential reversal zone (PRZ).
For re-entry, I will buy if we experience a fake breakout at this support level or if we break above 0.04344. The most significant entry will be if the weekly ceiling of 0.06090 breaks. I will continue to hold my 0.02434 entry. For selling, I won’t do anything at 0.03305, but there’s a possibility I might open a short futures position, as the price could move towards 0.02821 or 0.02434.
FWOG approaching Buying ZoneKey Levels:
Previous Weekly Wick: This level is shown in green. It represents inefficient price delivery which price will be looking to to fill (trade back into).
PWH: Previous Weekly High
Imbance / W: Weekly Imbalance which is visible on the Weekly Timeframe.
This suggests potential support, where price may stabilize or reverse.
Entry Zone: A highlighted region in red below the current price, where price could find an entry point for longs. We want to see structure break to the upside which would confirm us to take a long position.
Trade Setup:
Look for Entries: The ideal entry could be near the marked red zone where the price may find support or demand, offering a low-risk long position.
Take Profit: The previous weekly wick level can be a key resistance target. Monitor price action around this level to decide whether to lock in profits.
Stop Loss: A stop loss can be placed below the marked imbalance area or below the support region.
Summary: The focus is on looking for entries near the marked red zone (support area) and targeting a potential upward move toward the previous weekly wick as the resistance level.
Be mindful of any price action near the support and imbalance levels for confirmation of entry.
Phemex Analysis #54: How to Trade TRUMP Like a ProDonald Trump, the 45th U.S. President and soon-to-be 47th, has once again made history—not just in politics but also in the world of cryptocurrency. On January 18, 2025, Trump launched his very own meme coin, $TRUMP, which skyrocketed from an initial price of $0.1824 to an all-time high (ATH) of $83.216 in just 48 hours. This staggering 45,622% rise not only set a world record for the highest percentage increase of any asset but also made Trump the first U.S. president to launch a cryptocurrency.
Now, with just hours remaining before Trump’s inauguration as the 47th U.S. President, traders are speculating on what’s next for $TRUMP. Will it continue its meteoric rise or face a sharp correction? Let’s explore two possible scenarios that could unfold and how you can trade them like a pro.
Bullish Breakout: A Rally to New Heights.
The first scenario is a bullish breakout fueled by optimism surrounding Trump’s inauguration and potential crypto-friendly policies. If $TRUMP breaks above the key resistance level of $64.55 with high trading volume, it could signal another rally that takes the token to new heights. Traders will be watching closely as the price approaches critical levels like $76 and $83—the previous ATH—with the psychological milestone of $100 acting as a major target.
The momentum in this scenario would likely be driven by positive news about U.S. crypto regulations or other announcements that reinforce confidence in the token’s long-term potential. For traders looking to capitalize on this bullish move, timing is everything—waiting for confirmation of a breakout with strong volume is essential to avoid false signals.
Bearish Drop: A Chance to Buy the Dip.
On the other hand, there’s always the possibility of a bearish drop, especially given $TRUMP’s extreme volatility and rapid rise. If the price falls sharply below $50, it could trigger further declines toward the $40 support level. At this point, volume becomes a critical factor in determining whether this is a temporary correction or the start of a deeper downward trend.
If the drop to $40 occurs with relatively low volume and higher RSI compared to previous dips, it might indicate that $TRUMP is building a support base—an excellent opportunity for traders to buy at discounted prices before another potential rally.
However, if selling pressure intensifies with high volume and lower RSI, traders should brace for further declines to key levels like $32 or even as low as $24. In such cases, patience and risk management are crucial to navigating these turbulent waters.
Conclusion: High Risk, High Reward.
Trading high-volatility assets like $TRUMP is not for the faint-hearted—it’s a game of high risk and high reward. With its unprecedented rise and historic significance as the first cryptocurrency launched by a U.S. president, $TRUMP has captured global attention. Whether you’re riding bullish waves or buying dips during corrections, staying disciplined and informed will be your greatest advantage.
As Trump prepares to take office once again, all eyes are on how his policies might shape the future of cryptocurrency—and how $TRUMP will perform in this unpredictable market. For those willing to embrace the risks, this token offers an unparalleled opportunity to trade history in the making.
Tips:
Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
TRUMP reached $15B in market cap! Should this even be legal??OFFICIAL TRUMP (TRUMPUSDT) was launched officially on Friday by President Donald Trump, reaching a market capitalization peak of $15 billion.
It naturally falls into the category of memecoins and even though the token may very well keep rising with its technical corrections and rallies, the big question that is on everyone's mind is this:
SHOULD IT EVEN BE LEGAL?
This post isn't a political one, we wouldn't care any less if the token was named Bidencoin or Obamacoin. Our concern falls purely in the economic sphere and the financial consequences a price collapse may have on its (naive?) investors and the whole crypto market in general.
Obviously, having released only 20% of supply to the general public while the remaining 80% of tokens that have yet to be publicly released are owned by the Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC (a company formed in Delaware on Jan. 7), is in principle a positive step and a small sign towards proper governance. But naturally the token’s website includes a disclaimer noting TRUMP is “not intended to be, or the subject of” an investment opportunity nor a security of any type, and is “not political and has nothing to do with” any political campaign, political office or government agency.
Again to avoid confusion, the token may very well extend the current rally, after all it has been on 3 enormous straight green candles, and even double in price and enter the top 10 of crypto with more than $30B cap.
But can you image the consequences to the whole market if some of that 20% of public supply or any of the 6 wallets that own more than $600 million each, makes a rug pull? Beyond the ethical aspect, should it be legal for the President of the United States to have such a large stake on this kind of venture? Does the idea of a 'free market' apply under the above conditions?
We are just raising our concerns and nothing more, as it took us, the whole crypto community, 25 years to get the market from a state of ridicule to a global force that is already reshaping the world as we know it. And it is our responsibility to question moves and call potential dangers if we see one. How will it reflect to crypto investors if the U.S. President's coin goes from no 15 in the market cap to bust? It took a lot of years and effort for the first BTC ETF to attract high profile capital to the market from investors that would otherwise never though of buying cryptocurrency if it weren't for Blackrock and others to back it up with an ETF. Will those people or even normal investors maintain their appetite if the U.S. President fails to safeguard even his own coin?
Lots of questions, tough answers. Feel free to tell us what you think about TRUMP's coin.
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BTCUSDT Just as i expected.. it was a sweep.
now all the levels we had marked for selling now has became buying levels.
so we can look for buying from those levels according to your individual entry models.
Hi chances on reversalMorning folks,
So, by introducing $Trump Token, old Donny has put the start of global US Dollar devaluation. And Melania probably will add today...
All our short-term targets are done - weekly grabbers and H&S failure has worked fine, BTC has challenged the top of 108K. We consider this action as hype and emotional. Mostly due euphoria around D. Trump inauguration.
Due to oversold on Monthly and Daily time frames, chances on reversal are significant. So we intend to watch for DRPO "Sell" pattern on weekly chart.
Still, Donny could tell us a lot today, and madness could continue a little bit. We do not exclude that BTC could try to reach nearest upside extension around 113.5K before reversal starts.
We do not call right now for taking short positions, let's see what will be on Thu, prefer to wait for patterns and signs for reversal first. But we call to consider long positions close or, at least tight stops around them.
Take care.
BTC UPDATENow the BTCUSDT price has gone in bearish CHoCH in H1 and H4 timeframe..
so i will be looking for shorts as seen in the chart as 1 and 2 scenarios..
but what if it just is a liquidity sweep for the next move.
then I will wait for the double ChoCH to happen and will look to go long from the last supply level as seen from scenario 3.
BTCUSD | Testing Major Resistance Zone – Will Sellers Take ContrCOINBASE:BTCUSD is approaching a significant resistance zone. This zone has consistently acted as a key area of interest where sellers regained control, resulting in prior reversals. If the price confirms a rejection through bearish price action, such as wicks signaling rejection or bearish engulfing candles, I anticipate a move downward toward the $101,793 level.
However, if the price successfully breaks and holds above the zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area.
