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.
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Cryptocurrency
BITCOIN This week forms the bottom before it turns Parabolic.Bitcoin (BTCUSD) continues to repeat the 2014 - 2017 Cycle in great detail. So far besides the Bear Cycle Lower Highs that broke only after the Cycle bottom was priced, BTC has respected the replicated the two Accumulation phases above the 1W MA50 (blue trend-line), which is 2016 marked the last long-term buy opportunities before the market went on a Parabolic Rally in 2017.
As you can see, even the 1W RSI suggests that in relative terms we are in a pre-parabolic run pull-back similar to January 2017. There are high probabilities that this week is the one that forms the new bottom that will push the market to a continuous rally towards December 2025.
If the top is priced on the 7.0 Fibonacci extension from the Cycle bottom, as it did on December 2017, then we can expect to see at least $200k.
Buy what is your take on this? Do you think we are that close before a parabolic rally? Feel free to let us know in the comments section below!
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On the way to 85.5KMorning folks,
So, both our entries worked fine - as on the top of the right arm as on recent pullback to 96k area. Now there are two moments that you have to know.
First is, the risk factor. It comes from weekly bullish grabber pattern , suggesting upside jump above 108K top.
But the problem with it is unclear reasons for this jump. Because fundamental picture for now doesn't support any upside action on BTC. First is, dollar and yields are going higher. Second and what is even more important - the new debt ceil act is not taken yet. We have only temporal act on postponing of this decision. It means that until it will be taken, the US Treasury has to save. And they do - spending cash from their Fed deposit. It means that liquidity for some time will remain narrow, which is bad for BTC and Stock market performance.
Since both our entries are safe already and protected with breakeven stops, we could relax a bit and keep our eyes on 85.5K downside H&S target. If you still would like to go short- you should understand the risk that you take, because your stop now will be above 96K area. And with potential weekly bullish pattern on the back.
Those who have an opposite view on situation and want to buy instead - the weekly pattern is the great one that you could try to use. If price will drop under 91K area, it will mean the failure of this idea.
BITCOIN TRADE PLAN + TECHNICAL ANALYSIS (ASCENDING TRIANGLE)Bitcoin appears to be forming an ascending triangle, a bullish continuation pattern. The horizontal resistance line is at $95,407, while the ascending support line suggests increasing buying pressure.
A breakout above $95,407 could signal a significant upward move.
Resistance Levels:
Immediate resistance at $95,407.
Secondary resistance levels: $108,330 and potentially higher targets as the trend develops.
Support Levels:
Immediate support near $92,000.
Additional support levels: $88,071 and $85,000.
Indicators Analysis:
VMC Cipher B Divergences: Neutral-to-bullish signals with minimal negative momentum.
RSI (14): The current value of around 44.2 indicates a neutral zone, with potential for upward movement if it crosses the 50 level.
Money Flow Index (MFI): Indicates neutral activity, suggesting balanced buying and selling pressure.
Stochastic Oscillator: Near oversold levels (15.3), implying that a reversal to the upside might occur soon.
Trading Plan
Entry Strategy:
Aggressive Entry: Consider entering at current levels ($94,000) with a small position, anticipating a breakout.
Conservative Entry: Wait for a confirmed breakout above $95,407, with strong volume as confirmation.
Stop-Loss Placement:
Place an initial stop-loss below $92,000 to limit downside risk.
For tighter risk management, consider $93,000 as an alternative stop-loss level.
Take-Profit Targets:
First Target: $100,000 (psychological and round number resistance).
Second Target: $108,330 (next major resistance based on historical levels).
Third Target: Trail-stop strategy to capture potential gains beyond $108,330 if Bitcoin rallies further.
Risk Management:
Allocate no more than 2-3% of your trading capital to this position to manage risk effectively.
Monitor trading volume during the breakout; lack of volume confirmation may indicate a false breakout.
Contingency Plan:
If Bitcoin breaks below $92,000, re-evaluate the bullish thesis and consider a short-term bearish outlook toward $88,071 or $85,000 support levels.
Be cautious of false breakouts, particularly around $95,407.
Keep an eye on macroeconomic events or Bitcoin-specific news that could influence price action.
Bitcoin's ascending triangle pattern and current positioning suggest a bullish breakout is possible. Following this trading plan with disciplined risk management can help capture potential upside while limiting downside risks. Monitor the market closely for breakout confirmation or invalidation.
Opportunity Awaits on $FWOG - Scaling In Soon! I’m waiting to scale in at 24c, with a potential to add at 20c if conditions allow. Watching for a retest of the recent impulse move.
For this to happen, BTC would need to drop below 90k and into the low 80k range. Not expecting it unless we see that significant BTC pullback.
This is a macro play, and I’m willing to wait a couple of weeks to see how it plays out.
MEXC:FWOGUSDT
XRP ANALYSIS 🌸#XRP Analysis : Bullish Trend 🚀🚀
🚀As we can see that #XRP was making higher highs and higher lows. But finally we can see a breakout of flag and pole pattern. It indicates a bullish trend after it retest the inclining trendline. 💲💲
🔖 Current Price: $2.5454
⏳️ Target Price: $2.7055
⁉️ What to do?
- We can trade according to the #XRP chart and make some profits. Keep your eyes on chart price action, observe trading volume. Always observe market sentiments and update yourself everyday.🔰🔰
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#XRP #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
ARWEAVE ($AR) Chart Analysis : A massive Weekly Bull FlagA massive Weekly Bull Flag, characterized by a strong initial rally followed by a consolidation phase within parallel downward-sloping trendlines.
Bull Flag Breakdown
1. Flagpole:
The sharp rally preceding the consolidation forms the "flagpole." This demonstrates strong bullish momentum.
2. Consolidation (Flag):
The price appears to be consolidating within the parallel downward-sloping channel. This often signals a pause in the market rather than a reversal.
Consolidation within a previous support zone (as highlighted in the green area) strengthens the bullish case.
3. Volume:
Ideally, in a bull flag, volume decreases during the consolidation and increases upon breakout. It’s worth monitoring this behavior.
4. Indicators:
The MACD looks to be flattening, suggesting that bearish momentum may be waning. A bullish crossover could confirm upward momentum.
The Stochastic RSI shows oversold conditions, which might indicate a potential reversal to the upside if confirmed by price action.
Targets Based on the Flag Structure
1. Breakout Target:
If this bull flag confirms with a breakout, the target is usually measured by adding the length of the flagpole to the breakout point.
The potential target could aim for the $40-$50 range, depending on where the breakout occurs.
2. Invalidation Level:
A breakdown below the support zone (~$13-$15) would invalidate the bull flag structure and could signal further downside.
Key Levels to Watch
1. Resistance:
The upper trendline of the channel is the key resistance. A breakout above it with strong volume would confirm the bull flag.
2. Support:
The lower trendline and the support zone (~$13-$15) need to hold for the bull flag structure to remain intact.
Potential Triggers
1. Macro Events:
Bull flags often play out during periods of improving market sentiment or bullish catalysts, watch for President Trumps inauguration on Jan 20, 2025.
2. Bitcoin’s Movement:
Arweave (AR) and altcoins tend to follow Bitcoin's price action. A Bitcoin rally could push AR out of consolidation.
STMX/USDT DAY TRADESTMX/USDT DAY TRADE
This coin can show a daily new volume for an uptrend.
Follow this update for the live trading
TradeCityPro | XLM : Tracking Corrections and Key Levels👋 Welcome to TradeCity Pro!
In this analysis, I’ll review the XLM coin. The Stellar project is one of the oldest crypto projects and operates one of the earliest decentralized exchanges (DEXs).
📅 Daily Timeframe: Correction After a 500% Rally
In the daily timeframe, we observe a powerful upward trend. After bottoming out at $0.0884, bullish momentum entered the market. Once $0.1101 was broken, this momentum increased further. With higher buying volume and RSI entering the Overbought zone, the resistance at $0.1566 was also broken, and the price is now near its ATH.
🔍 After reaching the $0.5653 resistance, buying volume and bullish momentum slowed, and the market has entered a more stable corrective phase. So far, the price has corrected to $0.3308, which isn’t even the 0.382 Fibonacci level and indicates the correction hasn’t fully reflected the sharp price increase.
📈 The price might resume its upward movement with strong momentum even with this shallow correction. If the $0.5653 ceiling is broken, the price could move to the $0.7247 ATH resistance and potentially form new all-time highs if this resistance is surpassed.
🔽 However, the price is currently forming lower highs, which increases the likelihood of further correction due to insufficient correction thus far. If the market leans towards correction, the price might retest the $0.3308 support and, if broken, could reach supports like the SMA99 and the 0.382 Fibonacci level. Further corrections could lead the price to 0.5 and 0.618 Fibonacci levels. A break below 50 on RSI would strengthen the corrective scenario.
✨ If you’ve previously bought this coin at lower prices and are looking for an exit point, I recommend exiting if the price stabilizes below $0.3308. However, if you wish to maintain your profits and re-enter, you can consider buying again if the price recovers above this level.
⏳ 4-Hour Timeframe: Futures Triggers
In the 4-hour timeframe, we can observe the price movement during the correction phase in greater detail. As you can see, the price has a critical resistance at $0.4651, which it has tested multiple times.
📊 The best long trigger currently is breaking the $0.4651 resistance, with the first target being $0.5781. Breaking this $0.5781 level would provide a second long trigger.
🔽 For short positions, the first trigger, which is quite risky, is breaking $0.3907, while the main trigger is $0.3240. The targets for these positions have been identified using Fibonacci levels in the daily timeframe. However, since the main trend remains bullish, all short positions carry significant risk.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Bitcoin -> CorrectionBitcoin hit my target 100-120k of last video.
right now I have the 108k it hit as the 5th wave of the move that developed off the $16k bottom and we are looking at a larger correction around the $70k for an A wave.
Looking at the bullish case which is still a decent possibility is that we have hit the C wave or will soon (above 87.5k) and should start moving up again shortly.
if we do get the bullish move, I'm unsure at this moment to say whether we started another big move or it will be moving to another 5th wave top with large correction to follow.
not financial advice
-cryptowaveman
BITCOIN - THE KING OF CRYPTO (TECHNICAL ANALYSIS + TRADE PLAN)Descending Trading Channel:
Bitcoin is currently in a descending trading channel, indicating short-term bearish pressure but within a larger bullish structure.
The breakout above the channel's resistance line signals a potential reversal to an uptrend.
Support Zone:
A strong support zone is marked around the $92,000–$94,000 range, where demand is evident, as indicated by price consolidation.
Indicators:
RSI (Relative Strength Index):
RSI near 47 suggests the asset is in neutral territory but trending upwards, moving away from oversold conditions.
Stochastic Oscillator:
Bullish crossover near 66 indicates increasing momentum toward an overbought state, confirming the breakout possibility.
Money Flow Index (MFI):
Rising MFI implies capital inflow, supporting the likelihood of upward price movement.
VMC Cipher B Indicator:
Bullish divergences are forming, suggesting a potential trend reversal.
Volume Profile:
While not explicitly shown, the lack of significant volume during the recent decline confirms a corrective phase rather than a bearish trend.
Target Zones:
Initial target post-breakout: $100,000 (psychological resistance).
Secondary target: $108,000–$112,000, where historical resistance might emerge.
Trading Plan:
Entry Strategy:
Enter once Bitcoin decisively breaks above the descending trading channel resistance with strong volume confirmation.
Support Buy:
Accumulate near $92,000–$94,000 if the price retests the support zone.
Stop-Loss Placement:
Place stop-loss below the $90,000 mark to minimize risk if the breakout fails or support zone does not hold.
Short-Term Target:
Set take-profit at $100,000, just below psychological resistance to ensure execution.
Medium-Term Target:
Partial profit at $108,000 and $112,000 for extended upside.
Risk Management:
Limit exposure to 1-2% of total capital per trade.
Maintain a risk-reward ratio of at least 1:3 to optimize profitability.
Watch for increased volume during breakout confirmation.
Monitor macroeconomic factors and news affecting Bitcoin, as sudden events may invalidate technical setups.
$BTC Long long term Short Short term seems like its following VHi all how are we!? hope spirit are well stay strong!
This is update to my first of this idea the same idea I posted at the line it started. Its slowly moving to a LL Low low currently shaping a HL high low. When it swaps into a LH Low High that is confirmation of bullish sentiment between the LL nd HL. Basically a prime time to buy if other signals and analytics tell you to make a buy/long position. Never go of what I or anyone in Ideas say ALONE.. or reddit soil even Bloomberg or Forbes..
Anyway share your input o we can all learn more and grow as the Bitcoin Community!
Falling wedge on Bitcoin - A bullish signal - End of correction?I can see a falling wedge or flag pattern on the BTC-USD chart. The price hit the support zone around 92K and triggered a bullish price action that might be the end of the correction. I expect a short-term reversal from a bearish to a bullish trend in a neutral medium-term trend as long as the price stays within the wedge or flag. If the price breaks the pattern up, the medium-term trend could change into bullish again. If the trends turn bullish, the price might attempt to break the resistance zone around $105k by March 2025.
ALTSEASON to $3 Trillion with BITCOIN at $200k??This is not the first time we make the comparison of the current Altcoin (Crypto Total Market Cap excluding top 10) Cycle with the 2014 - 2017 one. But it is the first time that we make this comparison, including Bitcoin's (BTCUSD) Cycles.
As you can see, there are striking similarities between the Alt Cycles:
a) Both bottom formations were in the form of a Cup pattern
b) A Pivot trend-line that turned from Resistance to Support
c) The MA50 (blue trend-line) was supporting once broken until the next Bear Cycle
d) A Bull Flag after the MA50 break-out found support on the MA50 and 0.382 Fib and started the Altseason (green Channel Up)
e) That Bull Flag started with a MACD Bearish Cross and ended on a Bullish Cross
It appears that we are now on the stage where Alts have the 1st consolidation of the Parabolic Rally. What's remarkable and the key difference between the two Cycles, is that this time BTC has diverged massively and made a new All Time High (ATH), while alts haven't.
Of course this is directly attributed to the Bitcoin ETF, which attracted enormous amounts of capital that pumped the asset beyond the technical restrictions of this model. This may be an indication however, that part of this capital may be diverted to Alts, once partial BTC profit taking takes place, as it has happened during every Altseason.
In any event, if the Cycle continues to replicate the 2017 rally, it should reach the -1.5 Fibonacci extension, which would translate to at least a $3 Trillion Altcoin Market Cap, while Bitcoin would be close to the $200k level! That may seem unrealistic in terms of market cap, but so did the levels during the 2020/21 and 2017 rallies. It all depends on whether Bitcoin can continues to attract outside capital with this pace, which will in turn grow interest on the rest of the crypto market and also on the rate of adoption (companies, consumer use of crypto).
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