Cryptocurrency
$POPCAT: Not Over Yet, $2 Incoming by Q2Low hit rate on this setup, as the largest liquidity pool is sitting below 40 cents, and it's a significant weekly block.
I'll be adding a small position around the 50-52 cent range, but I wouldn't be surprised if it dips to the lows at 46 cents before any meaningful reaction.
For me, the better bet is a weekly block below 35 cents. I’m placing bids here and will increase my bids if price deviates below the trend line.
$POPCAT isn’t dead, but I do agree that it’s currently undergoing a major retrace. BYBIT:POPCATUSDT
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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Btc/UsdtBITSTAMP:BTCUSD
BTC looking for some short liquidations 🔥📉. We need more panic to drive the market down, fear indicator sitting at 50/49 😬. More fear = more opportunities 🚀! Let's hope for a small uptrend ⬆️, which could shift the temporary scenario.
Not financial advice, just a thought! 💭💸"
Phemex Analysis #51: How to Trade ADA Like a ProCardano ( PHEMEX:ADAUSDT.P ) has proven itself as a strong contender in the Layer 1 blockchain category, particularly during the November bull run. The price surged impressively from $0.3261 on November 5th to a peak of $1.329 on December 3rd, marking a staggering 407% increase in just under a month. However, the price subsequently corrected by 42.7%, dropping to $0.7613 on December 20th, and is currently trading around $0.92 (at the time of writing).
Possible Scenarios
1. Bullish Breakout
If ADA is gearing up for another bullish breakout, it is likely that the price will consolidate between $0.90 and $1.00 for an extended period, allowing for accumulation of buying power. A high-volume breakout above $1.15 and then $1.32 would signal the start of another significant rally.
Pro Tips: Wait for a confirmed breakout before entering a trade. Monitor overall market sentiment to assess whether the rise is sustainable.
2. Second Dip to the $0.70 Area
After the sharp dip to $0.7613 on December 20th, there is a possibility of a second dip toward the $0.70 region. If this occurs with lower trading volume but higher RSI compared to December 20th, it could indicate that ADA is forming a strong base around this level, presenting an opportunity to buy at lower prices.
Pro Tips: If this scenario unfolds, traders can use tools like Phemex’s scaled orders to place buy orders between $0.80 and $0.70, allowing for better entry points while managing risk effectively.
3. Bearish Drop
The recent decline in Bitcoin has negatively impacted overall market sentiment, raising concerns about prolonged bearish momentum in the crypto market. If ADA’s price breaks below $0.82 and $0.76 with high volume and lower RSI compared to December 20th, it could signal further declines toward $0.53 or even as low as $0.33.
Pro Tips: Traders may consider shorting ADA if this scenario materializes. Alternatively, long-term investors could view this as an opportunity to accumulate more ADA at discounted prices.
Final Thoughts
Trading ADA requires careful observation of price levels, volume trends, and overall market sentiment. By staying disciplined and prepared for these potential scenarios, traders can position themselves strategically to maximize gains or mitigate risks in both bullish and bearish markets.
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.
BTCUSD Is Too Overbought?HI today you can see the BTCUSD chart, and the higher time frame charts have shown some potential overbought levels. Is it too risky to buy and hold now? There are some important old levels that have shown some support in recent years. Be careful of the market now with BTCUSD, thanks. Is it possible that the banks can short more now? For now I am following the EURUSD more closer, thank you. Please support us by following me thanks!
#btcusd
#eurusd
#btc
#usd
#eur
TradeCityPro | UNIUSDT Delay in Crypto Bullrun👋 Welcome to TradeCityPro Channel!
Let’s analyze today’s altcoin during these days when most people are focused on red candles and feeling FOMO, inviting you to stay calm.
I have a feeling that these corrections and the previously released interest rates have caused the bull run we have in mind to be slightly delayed, but this event has also increased its
probability.
🌐 Overview Bitcoin
As always, before starting today’s altcoin analysis, we’ll take a look at Bitcoin in the 1-hour timeframe. We’ve reached the 91830 support level and had a good reaction to it, which further highlights its importance.
However, after this reaction, we formed a lower high and got rejected, moving towards this level again. If you pay attention, exchange orders have significantly decreased, and we can say that no one is making any specific trades, with most people waiting.
If the 91830 support is broken, we can move toward 86,000 USD , In case of breaking this support and Bitcoin moving downwards, if its dominance is also dropping, it’s a good idea to open a short position on Bitcoin.
On the other hand, if Bitcoin dominance is breaking through the 58.11% resistance, altcoins will face sharper declines.
📊 Weekly Timeframe
In the weekly timeframe, UNI has a relatively better position compared to other altcoins and has shown good upward movements, which is not unrelated to its excellent DEX platform.
The weekly candle for this week will close in 3 days. However, what has happened is that last week’s candle has been engulfed, and a lower high has formed, which could indicate temporary profit-taking.
For another entry, this 14.844 resistance, which is currently being rejected, is a good trigger. The main ceiling is 18.865, where you can make your purchase, and your first target would be 42.575.
📈 Daily Timeframe
In the daily timeframe, after breaking through the 9.394 resistance, we had a good upward movement reaching 18.664, which has been a profitable move. It was logical to withdraw your initial capital when your investment doubled, leaving the rest of your coins free of charge.
After rejecting the 18.664 resistance, breaking the temporary 15.289 support, we moved toward 12.501, and after pulling back to 15.289, we formed a lower high than 18.664 and are now back at this critical support.
On the other hand, the 12.501 support zone aligns with the 0.382 Fibonacci level, which is of great importance. If we rebound from here, we can experience a good upward movement. However, breaking this support could lead to lower levels, such as 9.394.
The key point about UNI compared to other altcoins is that it is currently above a higher support level than the rest of the market.
If we fake out the 12.5 support, it’s a good trigger for entry , If we rebound from this support and break the 15.289 resistance, you can buy with a 12.5 stop loss , If you miss these two triggers, buy after breaking the 18.664 resistance with a confirmed 12.5 stop loss.
If none of these three scenarios are activated and the price moves toward lower levels like 9.394, I will update the analysis for you after the downward wave's momentum decreases and provide a new trigger.
Breaking the 12.5 support can also serve as a trigger for opening a futures position in lower timeframes, but don’t forget about profit-taking and small stop-losses. Overall, this is a chart worth having on your watchlist.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
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! ❤️
ETHUSD: Almost oversold, 2017 is the guide.Ethereum is approaching an oversold 1D technical outlook (RSI = 38.630, MACD = -47.400, ADX = 39.653) as the 1W candle is pulling back with a force to the 1W MA50. During the 2015-2017 Bull Cycle, on January 2017, ETH was starting the new bullish wave of its Channel Up after a weekly consolidation under the 1W MA50. The situation is identical today as the September-October 2024 consolidation under the 1W MA50 paved the way for the current bullish wave.
Both Cycles traded inside Channel Up patterns with the bullish waves in 2015- 2017 being identical at +5,264%. If the current wave is as strong as the first one, we should see a +166.20% rise (TP = 5,500). The top at the end of the Cycle can be close to 7,000.
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HBAR Seeking Golden Ratio After False Break of Consolidation?There's some big tells in what COINBASE:HBARUSD could potentially be getting ready to do so lets break it down on the Daily Chart!
Since the High on Dec. 3rd @ .392, Price has steadily been forming what looks to be a Descending Triangle while finding Support in the ( .25 - .23 ) cent range. Bearish volume building and RSI going from Overbought to currently going Below 50 suggests further Bearish Price Action could occur!
After the Positive USD Economic News Results for ISM Services and JOLTS Jobs Openings coming in well above Forecast, this seen the Dollar gain strength and other markets like Stocks and Crypto take a dive, in COINBASE:HBARUSD instance, it generated a False Break of the Descending Triangle to now where we see Price plummeting down to test the Support of this Consolidation Pattern.
If Support breaks, we could see Price make a Retracement to the April 2024 Highs @ ( .18 - .15 )
This area looks especially favorable because:
-From the Low before the Rally @ .04172 to the High of the Rally @ .392, lands the Fibonacci Golden Ratio levels priced @ ( .19619 - .17553 ) with the April 2024 High @ .1842 right in the Middle of this Zone!
-The 200 EMA is curving up into the suspected Support of the April 2024 Highs if Price were to fall, it would test this as well!
*If Price continues to fill the Pattern more, keep an eye out for more False Breaks, this will be evident with Price breaking either Area of Value ( Falling Resistance or Support Zone) followed with minimal Volume.
Bitcoin at $93K: The $6.5B Auction That Could Shake the market1/
🚨 Breaking News: The U.S. DOJ is set to auction $6.5B in Bitcoin, raising questions about market impact. With Bitcoin at $93K and institutional adoption at its peak, is this a turning point? Let’s break it down. 🧵
2/
💪 Strengths of Bitcoin:
🌍 Decentralized Power: No single entity controls Bitcoin.
💎 Scarcity: Only 21M BTC will ever exist—a store of value like no other.
🔒 Network Security: A high hash rate makes Bitcoin one of the most secure blockchains.
3/
📉 Weaknesses:
🕒 Scalability: High transaction volumes lead to slower confirmations.
🌱 Environmental Concerns: Mining’s energy use sparks global debates.
🤔 Complexity: Managing wallets and private keys remains a challenge for beginners.
4/
🌟 Opportunities:
🏦 Institutional Adoption: Major players like BlackRock are entering the space.
🌐 Global Remittances: Bitcoin shines in regions where traditional banking fails.
🪙 Halving Impact: The 2024 halving could reduce supply, pushing prices higher.
5/
⚠️ Threats:
📜 Regulatory Risks: Government actions, like this auction, could create turbulence.
📉 Volatility: Wild price swings still deter traditional investors.
🛠️ Tech Challenges: Rapid innovation might challenge Bitcoin’s dominance.
6/
💵 Valuation at $92,728:
Is Bitcoin overpriced? Some argue its scarcity and adoption justify the value. Others see a speculative bubble.
What do you think—store of value or hype-driven rally? 🤔
7/
📉 The $6.5B Auction Impact:
The DOJ’s planned sale caused a 2.78% BTC dip. Historically, such auctions show limited long-term impact. From March 2023 to today, Bitcoin surged 375% despite similar events. 💥
8/
🤔 Political Timing?
Is this auction politically motivated? Some speculate it’s a preemptive move ahead of a Trump presidency. Critics argue it’s fiscally irresponsible to sell low now, only to potentially buy back higher later. 🏛️
9/
🛠️ Market Response:
Structured auctions avoid market floods. Past events show resilience, with analysts like Ki Young Ju saying, "The $6.5B sale could be absorbed in a week. Don’t panic." The question is: Will history repeat?
10/
💬 Your Take on the Auction:
How will the $6.5B Bitcoin auction impact the market?
Will it spark short-term volatility or will the market absorb the volume effortlessly? Share your thoughts in the comments below! 📩
TradeCityPro | LINK: Key Support and Resistance Analysis👋 Welcome to TradeCity Pro!
In this analysis, I will review the LINK token. Chainlink is one of the notable Web3 projects in crypto and ranks 14th in terms of Total Value Locked (TVL).
⏳ 4-Hour Timeframe: Break Below the Range?
In this timeframe, after the price reached the ceiling at $30.51, lower highs were recorded, and the price repeatedly tested the $19.98 support. Currently, the price has managed to close below this level on the 4-hour timeframe.
🔍 If the price establishes a lower high and a lower low below $19.98, it will confirm a trend reversal for this token. In this scenario, the price could potentially drop to $16.35. Breaking below 24.87 on RSI and continuing the increasing bearish volume could result in a sharp decline to the $16.35 zone. If this level is broken, the next support will be at $14.08.
📰 The current decline was primarily triggered by positive news for the US dollar a few days ago, which significantly impacted the market, leading to notable drops in many altcoins. If we consider this news to have only a short-term effect, there is a possibility that altcoins might fake out their support levels. Therefore, it’s advisable to identify a long trigger as well.
📈 If the $19.98 support proves to be a fakeout, a position could be opened based on the structure formed in lower timeframes. For the main long trigger, the first level to watch is a break above $25.45, which is the initial trigger. The next trigger is $30.51, the current ceiling of this trend.
📝 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! ❤️
Missed 101.5K sell? Don't worryMorning folks,
So, our H&S has started perfect. Right from the area that we've discussed last time - Agreement of Fib resistance and our XOP target on 4H chart, where the top of right arm should be formed.
Obviously now we consider no longs by far. H&S target stands around 85.5K - in the middle of wide K-support area of 82-89K.
If you missed entry around 101K, we could get 2nd chance around 96-96.5K, but do not expect too extended pullback. Price is at the slope of the shoulder, naturally this is not the moment for deep upside pullbacks. I would say that deep retracement, back to 100K would be unwelcome sign, suggesting weakness of the bears.
AVAXUSD Will the 1W MA50 hold and push the Cup & Handle higher?Avalanche (AVAXUSD) is about to complete a Cup and Handle (C&H) pattern on the 1W time-frame and currently the Handle part has found Support for 3 straight weeks on both the 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line).
This is also on the 0.5 Fibonacci retracement level of the Cycle. Technically we should see in the coming weeks the start of the 2nd Bullish Leg of the Bull Cycle and if it follows the C&H dynamics, we can expect it to target the 2.0 Fibonacci (blue) extension at $240.00.
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