Alikze »» Near | Ascending channel - 1W🔍 Technical analysis: Ascending channel - 1W
📣 BINANCE:NEARUSDT currency is moving in an ascending channel on the weekly time frame.
🟢 After hitting the channel ceiling and the supply zone, it encountered selling pressure, which extended the correction to the middle of the channel. After that, it encountered demand again in the middle of the channel.
🟢 It is currently facing demand in the green box, which can grow to the channel ceiling in the first step and continue its growth again to the supply zone.
🟢 Considering that the supply zone and the channel ceiling have already been consumed, in case of high momentum, it will be able to break the supply zone
🟢 After that, it can grow to the next supply zone.
💎In the first step, then after breaking the ceiling of the first ascending channel, it can continue its growth to the middle of the second channel with a pullback to it and finally to the width of the first channel to a larger supply zone.
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Cryptomarket
Bitcoin Cash Reclaims Support: Eyeing $520 TargetThe BCH/USDT chart is showing bullish momentum as it approaches a critical resistance zone around $475-$480.
The price has reclaimed the $450-$460 support area, which previously acted as a strong demand zone, indicating a potential continuation of the upward trend.
DYOR, NFA
BTC/USD: Break Out or Pull Back?The BTC/USD chart shows a critical technical setup, with the price testing a descending trendline near the 200-period Moving Average (MA). This convergence indicates a pivotal moment for market direction. A breakout above the trendline and MA could signal bullish momentum, while rejection might lead to a pullback toward support levels. #btcusd #cryptocurrency
Crypto Alpha Report (January 3)Good Friday to you, friends! As we head into the first weekend of the New Year, I want to focus on our bottom line and goals for 2025 - growing our wealth.
If you’re reading this, I’m going to assume that you’re not lounging on a beach in the Bahamas with millions in the bank, feeling set for the rest of your life with your most significant problem: how to structure your inheritance. I’m going to assume that, in one way or another, you’re focused on the grind and ‘making it.’
To that end, when we turn our eyes to our portfolios this year, we must constantly remind ourselves of the age-old adage: ‘Nobody ever went broke taking profits.’
From 2021 to 2024, I round-tripped Ampleforth (AMP), Avalanche (AVAX), Polkadot (DOT), Blockstack (STX), Ethereum (ETH), and Bitcoin (BTC). As you know, I’m perfectly fine round-tripping Bitcoin and have held onto my sats since I began buying in 2016. The others, however, I look back and wish I had that capital freed up for my trading strategy or traditional markets over that period.
On December 5th, I sold 50% of all of my altcoin holdings, as they had appreciated significantly then. Despite 2025 being poised to be a tremendous year of growth for my portfolio, I saw an opportunity to cash out and took it.
As we embark on what might be an epic 2025, it’s important to remember that you’re not married to any of your investments. You don’t know the project's developers, you’re not an early-stage investor, and the only thing you stand to gain from the project's success is a greater ROI. DON’T GET EMOTIONALLY ATTACHED!
Remember why you entered the game in the first place - to grow your wealth rapidly. Not to become a mouthpiece for a token project or adopt a new religion. Put your faith in God and not in your project’s timeline, and focus on your prosperity.
It can be challenging psychologically and emotionally to press the red button in a booming market when prices are very high. The greed kicks in after a big green candle, and a swirl of emotions and thoughts starts racing through your head. Especially when you look at the USD number in your portfolio and imagine what it would look like after a few more big greenies.
It can be extremely challenging, if not impossible, to objectively determine to take profit when it is most advantageous. Your mind becomes your enemy, not your friend. This is why setting realistic goals and practical profit targets is paramount BEFORE you enter a position, not after. No target, no trade. No signal, no trade.
Do the work necessary to have a strategy, not a hope and a prayer that your random buy will go up. You can’t control the market, but you can control your actions.
Here’s to a bright New Year!
Crypto Market Update
Stablecoin Dominance
This metric has moved down 0.5% so far since the daily opening. It's not a lower low yet, so we remain within the consolidation range of the attempted breakout (panic selling). So far, I am optimistic about market continuation.
Bitcoin + Stablecoin Dominance
It's playing out perfectly. Breaking down from its slight consolidation after another Lower High, currently making a new Lower Low. This is perfect for altcoin continuation.
Altcoin Price Performance Relative to Bitcoin
It is another strong day for altcoins, continuing to outperform Bitcoin’s price performance. Mirroring BTC+STables Dom., this breakout will be confirmed on a strong close and continuation into the weekend.
Bitcoin
Bitcoin put in a strong Daily Close yesterday, signaling potential strength to this bounce back. Caution is warranted, as we are still in the first ‘Bull Trap’ zone, but Daily Momentum and Meso Momentum continue pushing to the upside.
Trends
5M: Bullish
30M: Bullish
1H: Bullish
4H: Neutral
D: Bullish
W: Bullish
Bitcoin has regained bullish momentum on every timeframe save for the 4H. So far, this is still just a Lower High, and price action is very similar to December 24 - 25th, where Bitcoin gave us the ‘Santa Rally’ and then swept back down to our current lows. However, Bitcoin has put in three distinct bottoms at $92,000, and the fundamentals align with a bullish early January into Trump’s inauguration.
Key Levels
POC: $95,563
VWAP: $96,641
Value Area Low: $94,489 - $95,424
Value Area High: $97,412 - $98,391
Next Liquidity Zone Above: $97,982 - $99,078
Next Liquidity Zone Below: $93,465 - $94,737
Bitcoin showed rejection yesterday at $97,500 - $97,600 as it entered a Low Volume Node. Currently, price has pulled back to yesterday’s VWAP high and is pushing back into that LVN with rising volume and bullish momentum. Price is expected to move to our next Liquidity Zone Above at $98,537.
Strategy:
Continue to hold longs accumulated at or below ~$95,000. If price retraces, look for long entries between $94,800 - $95,400 with targets of $97,100 - $98,500.
Join the Crypto Trading Academy for my full report, which includes altcoin analysis, early token opportunities, trading strategies, and custom indicators. You’ll also have access to our private community of traders and investors, enjoy weekly mentoring sessions, and have full access to our Academy Training, where we teach you to build your trading strategies with our proven methodology.
ETH ChartHey,
Since December 9th, markets have mostly pulled back, with ETH and RUNE doing what we expected and shared in our community.
My bullish conviction on ETH was a bit too strong with the crazy inflows, but my overall outlook remains positive for 2025.
ETH is now stalling on its upper wedge trend line, likely consolidating before new highs.
ETF holdings for ETH have grown by 64%, showing continued bullish sentiment.
Expecting more upside and the ETH target remains the same for me.
Kind regards,
Max Nieveld
Daily Analysis of Gold Ounce to USD - Issue 182The analyst believes that the price of { XAUUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Daily Analysis of Bitcoin – Issue 244The analyst believes that the price of { BTCUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
AIXBT - no sign of slowing downI have been waiting for the price to pull back, but there seems to be no sign of slowing down.
Momentum indicators in Daily chart are overbought territory, but MAC lines are getting wider and wider which makes me think it will continue to go up. Stochastic and RSI in 4H came down to 50 zone and and rolling back up again. I started buying the tokens from $0.27 level in stages. I just bought more at $0.60 because stochastic and RSI in 4H are signalling there is another upside move coming. I will start taking profit in stages when momentum indicators start to show clear negative divergence in 4H and /or Daily chart.
Coin98 (C98)💎 C98/USDT Technical Analysis
🔍 Overview
C98 remains in a long-term downtrend, but there are signs of a potential reversal at key levels. Given its low market cap, it is categorized as a high-risk asset. Therefore, risk management is crucial in this analysis.
🛠 Key Price Zones
🔴 Daily Support Zone (Red):
Range: $0.1429 - $0.1558
This is the first major support level where the price has paused. A decline in selling volume indicates reduced selling pressure in this area.
⚫ Weekly Support Zone (Gray):
Range: $0.0902 - $0.1128
If the red zone fails, this level could act as the next support.
🟢 PRZ (Key Resistance Zone):
This area combines the weekly resistance and the upper boundary of the descending channel. A breakout above this resistance could signal further bullish momentum.
🎯 Suggested Price Targets (TP):
1️⃣ Fibonacci 1.272: $0.5885 - $0.6916
2️⃣ Fibonacci 1.618: $0.9670 - $1.1942
3️⃣ Fibonacci 2.272: $2.1402 - $2.5903
📉 Risk Management (Stop Loss):
Recommended Stop Loss: Below the weekly support zone (Gray), i.e., below $0.0902.
🔔 Confirmation Signals for Entry
1️⃣ Volume Increase:
A surge in volume near resistance levels, especially during a breakout, could indicate the beginning of a bullish trend.
2️⃣ RSI Indicator:
RSI entering the Overbought Zone may signal strong buying momentum.
💡 Proposed Trading Strategy
Entry Points:
1️⃣ First Entry: In the red zone ($0.1429 - $0.1558).
2️⃣ Second Entry: In the gray zone ($0.0902 - $0.1128) if the first support is breached.
Profit-Taking Strategy (Scaling Out):
1️⃣ First Target: $0.5885
2️⃣ Second Target: $0.9670
3️⃣ Third Target: $2.1402
Capital Allocation:
Allocate only 2-5% of your total capital to this trade.
Ensure you set up a Stop Loss to mitigate risks.
🌍 Market Sentiment
Given the current market conditions and low trading volumes, it’s essential to adopt a conservative risk approach. Improved market sentiment could accelerate price recovery.
✨ Final Thoughts
C98 is currently positioned in a critical zone. Entering a trade should be accompanied by meticulous risk management. A breakout of the key resistance levels could lead to significant upside potential.
Avoid hasty decisions, and always consider additional analyses before acting.
🔗 Investment Disclaimer:
This analysis is for educational purposes only. The final responsibility for any investment decisions rests with you.
RAY ANALYSIS📊 #RAY Analysis
✅There is a formation of Descending triangle pattern on 8hr chart with a breakout 🧐
Pattern signals potential bullish movement incoming after a consolidation
👀Current Price: $5.366
🚀 Target Price: $6.390
⚡️What to do ?
👀Keep an eye on #RAY price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#RAY #Cryptocurrency #TechnicalAnalysis #DYOR
Alt Season: The Calm Before the Storm?Hi fellow traders, Crypto21Official here! 🚀
After a strong impulse in the crypto market, we’ve had a teaser of what could be an alt season. The crypto market cap chart (excluding the top 10) showed a beautiful surge to $450 billion, a key level that marked the recent high.
Since then, we’ve retraced around 27%, and the downtrend appears to be losing momentum. Right now, we’re dipping into a key buy zone, where I’ve marked a potential double-bottom pattern. If confirmed, this could signal a bullish reversal and set the stage for further growth.
On the Bitcoin Dominance (BTC.D) chart, we still see room for dominance to rise slightly before a healthy decline could pave the way for a full-blown alt season. Historically, such patterns have preceded explosive altcoin growth.
Why Could January Be a Game-Changer?
Tax-Loss Harvesting Rebound: As the year ends, investors often sell assets to optimize for tax benefits. By January, these funds tend to flow back into the market, sparking renewed interest.
U.S. Election Cycle Momentum: Political developments surrounding the U.S. election cycle could act as a macro catalyst, influencing risk-on markets like crypto.
Historical Patterns: As we’ve seen before:
Bitcoin typically leads the market with a strong rally.
Altcoins dip or consolidate.
Then, altcoins blast off, following Bitcoin’s momentum. 🚀
My Take
I remain bullish, expecting January to be a pivotal month for Bitcoin, which could open the floodgates for altcoins to follow. History doesn’t repeat itself, but it often rhymes. Let’s see if the market plays along. 🌕
What are your thoughts? Are we on the brink of something big? Let me know below! 👇
Levont - BTC/USD Analysis: Testing Key Resistance ZoneBTC/USD Analysis (Daily Chart - D1)
Price Structure:
- Bitcoin is currently trading at $96,884 , approaching a key resistance zone between $98,000 and $100,000 . This area has historically acted as a significant rejection point, as seen in previous candles with long upper wicks around this region.
- The chart shows a clear rebound from the support zone around $90,000-$92,000 , where buyers stepped in strongly to prevent further declines. This movement validates the support as a critical level.
- Overall, the structure presents a consolidation pattern within a broad range between $90,000 (support) and $100,000 (resistance) .
Potential Scenarios:
1.Bullish Scenario:
- If the price successfully breaks above the $100,000 resistance (confirmed by a strong daily close above this level), we could see a move toward higher levels such as $102,000-$104,000 , or even beyond.
- An increase in volume during the breakout would be key to validating this scenario.
2.Bearish Scenario:
- If the price fails to break the resistance and shows rejection through candles with long upper wicks or bearish patterns (e.g., shooting stars), we could expect a correction toward immediate support at $94,000 , or even a more pronounced drop toward recent lows at $90,000 .
Key Indicators:
- Volume : Currently low, suggesting indecision in the market. A significant breakout will require notable volume expansion.
- Candles: Recent candles show solid bullish bodies, but the next sessions will be crucial to confirm whether buyers have enough strength to challenge the resistance.
🔑 Key Levels:
- Resistance: $98,000 - $100,000
- Support: $94,000 and $90,000
🌍 BTC/USD Fundamental Analysis
Positive Factors:
1. Institutional Adoption:
- Companies like MicroStrategy continue accumulating Bitcoin. Their recent massive purchase reinforces the long-term bullish narrative.
- Institutional interest remains strong as Bitcoin solidifies its position as an alternative asset against inflation and global economic uncertainty.
2. Favorable Regulation:
- In the U.S., there are expectations of clearer and more favorable crypto policies under the current administration. This could attract new capital flows into the market.
3. Seasonal Trends:
- Historically, January has been a positive month for Bitcoin. Investors often reset their strategies after year-end tax-related sell-offs.
Negative Factors/Risks:
1. Token Unlocks:
- January is expected to see massive token unlocks across various crypto projects (approximately $7 billion in value). This could indirectly create selling pressure on Bitcoin as investors seek liquidity.
2. Global Monetary Policy:
- The hawkish stance of central banks (e.g., the Federal Reserve) could limit flows into speculative assets like Bitcoin if interest rates continue rising.
3. On-Chain Activity:
- While long-term holders are accumulating, on-chain data shows a decline in overall transaction activity. This could indicate reduced interest from retail participants.
Crypto Alpha Report - January 02, 2025Happy Thursday, friends. Today, I want to reflect on opportunity costs and the risks of being spread too thin.
Regarding investing, almost all traditional education preaches the value of a ‘diversified portfolio.’ While that is a fantastic concept, if you’ve already made it with millions in the bank, the actual reality is that most of us are still grinding to get there.
For those of us who haven’t ‘made it,’ diversification can protect wealth, but it will not rapidly grow it. This is also true in trading, but the implications of a ‘diversified approach’ in trading is even more dangerous, particularly in crypto.
The reality is many of us overestimate our capabilities and underestimate the time it will take to do something. Preparing a strategy takes time. Scanning the markets and researching new projects takes time.
And for every different sector in crypto, for every new hype cycle, there is a new meta, a new alpha, new skills to learn, new strategies to develop, and new tools to learn how to use.
A year ago, I had never even heard of GMGN, and didn’t track social metrics as a key part of my memecoin strategy - now it’s something I do every day.
You must guard your time and focus because a million things are vying for your attention daily. The risk of trying to learn too many things is that you become spread too thin, mediocre at many things, but not truly great at one thing that can exponentially increase your wealth.
The same is true for your investments; spread yourself too thin, and you’ll get the average return of the market instead of the punctuated gains you seek. You’ll also drive yourself crazy trying to keep up with all those positions daily.
I find 5-10 active positions are what I can effectively manage. More than that, I start to lose focus, and I see a feeling of anxiety creeping in. I feel most powerful and effective when they’re on the lower end of that range.
In summary, you only have so much time in the day. Don’t underestimate how difficult and time-consuming it can be to get competent in a new skill. Don’t underestimate how much mental effort it takes to manage multiple positions. Keep things simple, limit your number of positions, wait for the right opportunities to come to you, and bet big on them with sound risk management.
Market Update
Stablecoin Dominance
This metric fell by -2.28% today. Not a lower low, but three significant days of moving down, which favors our risk-on assets.
Bitcoin + Stablecoin Dominance
We are putting in a Lower Low today, but we are showing some upside pressure as we move into the Daily Close. Tentatively bullish for a continuation of altcoins.
Altcoin Performance Relative to Bitcoin
Went for a breakout today, but so far, it has failed. Selling pressure on alts is coming this evening as we head into Daily Close. It's still tentatively bullish for altcoin continuation.
Bitcoin
Trends
5M: Neutral
30M: Bullish
1H: Bullish
4H: Bearish
D: Bullish
Bitcoin has put in a nice movement off its lows of $92,000, rallying to almost $98,000. While a good start, Bitcoin faces stiff resistance and volatility, which has increased dramatically in the short term. This is the first Bull Trap area, and Bitcoin needs to hold above $94-$95K on any pullback, or we risk a movement below $90,000.
Key Levels
POC: $93,640
VWAP: $96,422
Value Area High: $97,412 - $98,995
Value Area Low: $95,433 - $94,482
Strategy
Bitcoin faces its first wave of significant distribution as we approach $98,000. This is the first strong uptrend we’ve seen in Bitcoin for a while, and it has not reversed yet, but it is hinting at it. Strong buys have stepped in between $96,200 to $96,800. If Bitcoin loses short-term momentum overnight, then it is critical that we put in a Higher Low above $93,000. Trading lower than $93,000 marks this as a bull trap and essentially confirms that we will experience a Lower Low in Bitcoin’s price rather than a bullish two weeks.
For now, continue to hold longs opened up below $95,000. For new long positions, I would strictly manage risk at $96,000.
XRP consolidating before next move?Let’s dive into what’s happening with COINBASE:XRPUSD right now and why this could be an exciting moment! Here's what I’m seeing:
🔍 Key Levels on the Chart:
The price has recently consolidated within the Golden Zone (based on Fibonacci retracement) from $2.70 down to $1.95.
Before this, XRP consolidated in the previous Golden Zone created from the $1.30 to $2.90 move before taking off.
🔥 What This Means:
Golden Zones often act as strong support/resistance levels, and price action is currently respecting these areas! This consolidation in the current zone suggests that XRP is gearing up for its next potential move.
📊 Indicators to Watch:
RSI: Mid-range, giving plenty of room for an upward move.
MACD: Momentum is starting to shift upward, showing potential for a bullish breakout.
Stochastics: Hovering at mid-levels, hinting at a possible bounce.
🚦 Key Levels to Break:
To confirm another leg up, XRP needs to break above the $2.40–$2.45 area with strong volume. If it does, we could see the next big run!
⚠️ What to Watch Out For:
If the price fails to hold within this Golden Zone, it could test lower levels. Always manage your risk and use stop-losses!
💡 My Take:
The consolidation in the Golden Zone is a bullish sign, but confirmation is key. Let’s see if XRP has the momentum to break out and make another run.
What are your thoughts? Let’s discuss in the comments! 👇
The breakdown in USDT.DThe breakdown in USDT dominance (USDT.D) suggests a potential market sentiment shift favoring altcoins. A declining USDT typically indicates money flowing out of stablecoins like USDT and into riskier assets, including altcoins. With the bearish breakout targeting 3.71%, this could signal increased buying interest in altcoins as investors move capital into the broader crypto market. However, traders should monitor key support levels for confirmation and watch for potential reversals in USD that could impact altcoin momentum.
Bitcoin - It Will Reach $100.000!Bitcoin ( BITSTAMP:BTCUSD ) will break out soon:
Click chart above to see the detailed analysis👆🏻
Everything, and I literally mean everything, is bullish on Bitcoin. The previous cycles, timeframes, market structure and price action are all pointing towards the continuation of the bull run which started in 2023. And a breakout above the all time high, is the next trigger.
Levels to watch: $70.000, $100.000
Keep your long term vision,
Philip (BasicTrading)
Key Support Holds: USUAL/USDT Eyes a Bullish Breakout USUAL/USDT pair is showing a strong rebound from the key support zone, suggesting a successful retest of the breakout levels. However, the price is currently facing rejection from the descending, narrow resistance zone.
Based on the current setup, we predict a breakout from this zone, potentially leading to further bullish momentum in the coming sessions.