BTC Price Action AnalysisBTC Price Action Analysis:
BTC is showing signs of consolidation in the 90,000 - 108,000 range for the next few days. During this period, we expect the price to move sideways as the market digests recent price action. This phase of consolidation could bring some stability before a potential volatility spike.
After this consolidation phase, I anticipate a possible wick down to around 86,000. This wick would be a short-term shakeout, likely designed to liquidate weak hands before a strong bullish rally.
Following this shakeout, I’m expecting BTC to surge and achieve a new all-time high (ATH). The overall market sentiment remains bullish, but this could take some time to fully develop.
Key takeaways:
- Short-term consolidation expected between 90k and 108k.
- A potential wick to 86k could happen before the next big move.
- Long-term outlook remains bullish with a target of a new ATH.
Make sure to practice proper risk management, as volatility could create sudden price swings. As always, this is not financial advice, and I encourage you to do your own research (DYOR).
Cryptomarket
Ripple-XRPUSD Periodic Analysis (Issue 54)The analyst believes that the price of { XRPUSD } 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.
Bitcoin Fed Can’t Hold Bitcoin, No Plans Yet To Change Law, Powell Says
Jerome Powell says the Fed isn't allowed to own Bitcoin.
He also says the bank cannot create a stockpile of digital assets.
The market immediately reacted to Powell's statement, sending Bitcoin's price down by 5.7%.Bitcoin Decline Continues: Are Bulls Losing Control?
Bitcoin price extended losses and traded below the $100,000 zone.
BTC is struggling and might continue to move down toward the $92,000 support zone.
Bitcoin started a fresh decline from the $102,000 resistance zone.
There is a key bearish trend line forming with resistance at $98,500.
Glassnode's Week on Chain report revealed the similarities between the current Bitcoin uptrend and previous cycles amid changing market conditions. Meanwhile, long-term investors began distributing their tokens at the $100K level, culminating in a new all-time high of $2.1 billion in realized profitsAccording to blockchain analytics firm Glassnode's weekly report, Bitcoin's current price performance has a striking resemblance with the 2015-2018 and 2018-2021 cycles despite the changing dynamics in its market structure.
Like previous cycles, the selling pressure that accompanies sustained price increases has remained but at a much lower pace. The deepest drawdown in this cycle occurred on August 5, 2024, when prices dropped 32% below their peak
KAIAUSDT - Technical Analysis and Trading Plan
Market Overview
KAIAUSDT has shown a strong bounce from the lower boundary of the descending channel, with signs of a potential trend reversal. The price is attempting to break the structure, and the target is set at 0.3997.
Key Observations
1. Descending Channel:
- KAIAUSDT has been trading within a descending channel for a significant period.
- A breakout above the channel will confirm bullish momentum.
2. Entry and Stop-Loss:
- Entry is identified around 0.2282, aligning with a rebound point.
- Stop-loss is placed at -5%, below the recent low, to minimize risks.
3. Take-Profit Level:
- The first target is highlighted at 0.3997, which aligns with prior resistance levels.
4. Bullish Momentum Signs:
- Price has been forming higher lows near the lower boundary of the channel, indicating potential accumulation.
Momentum and Indicators
1. Volume:
- Increased buying volume near the lower channel boundary indicates strong bullish interest.
2. Projection:
- If the price sustains above the entry level and breaks the channel, further upward momentum is expected.
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Trading Plan
1. Entry Points:
- Enter around 0.2282, as the price is showing signs of reversal.
2. Stop-Loss:
- Set a stop-loss at 5% below the entry level to manage risks effectively.
3. Profit Targets:
- Primary Target: 0.3997, as highlighted on the chart.
4. Risk Management:
- Avoid over-leveraging and risk no more than 2% of total capital on this trade.
Scenarios
1. Bullish Scenario:
- Price breaks out of the descending channel and continues toward the target of 0.3997.
2. Bearish Scenario:
- Failure to sustain above 0.2282 may lead to a retest of lower levels within the channel.
Pro Summary
KAIAUSDT is showing potential signs of a bullish reversal, supported by the channel pattern and volume analysis. Traders should monitor the breakout confirmation while aligning their trades with the defined entry, stop-loss, and target levels.
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DYOR (Do Your Own Research)
This analysis serves as an overview of potential trading strategies and market behavior but is not exhaustive. Traders are encouraged to perform additional analysis to make informed decisions.
Disclaimer
This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies and other financial instruments involves risks, including capital loss. Always consult a financial advisor before making investment decisions.
SUI/USDT Eyes 371% Surge to $15The chart shows SUI/USDT in an upward price channel with a target of $15.01 (a 371.57% increase from the current price of $4.87). It indicates strong bullish momentum and potential for further gains, aligning with the trend within the channel.
Let me know if you need additional details.
IDEA #1 | INJUSDT - DAILY | BULLISH BIASInjective (INJ) is a remarkable project that has been operational for about four years now. It has a market cap of more than $2 billion, features cross-chain compatibility, and is highly finance-optimized.
Please check their website at @injective.com if you are not familiar with the project and it's goal.
In the last month, the market has experienced two significant red days totalling over $2 billion in liquidation. As indicated, the most recent one tapped into daily imbalance. Though this might not represent peak downside for altcoins, I do not anticipate a daily candle closing below the two lows indicated at $15$–13$. Keeping an eye on BTC.DOM will help efficiently time further entries/layers.
Binance Coin - Trade This Breakout Rally Now!Binance Coin ( CRYPTO:BNBUSD ) is starting to break out:
Click chart above to see the detailed analysis👆🏻
It really seems like the long term consolidation of more than three and half years is finally coming to an end on Binance Coin. We still have to wait for the monthly candle of December, but momentum is pretty strong and bulls are doing their best to start the parabolic breakout rally.
Levels to watch: $700, $1.400
Keep your long term vision,
Philip (BasicTrading)
ETH thesis by Titan_KarmaEthereum Investment Thesis
Market Overview
Ethereum (ETH) is trading at $3,431.65, indicating potential for upward momentum. The recommendation is to OPEN LONG positions, supported by a favorable risk-reward setup and moderate confidence in a bullish trajectory.
Key Technical Indicators
Stop-loss: Set at $3,200.00, providing downside protection against unexpected price drops.
Take-profit: Targeted at $3,600.00, aligning with a strong resistance level and maximizing potential gains.
Exit Point: Positioned at $3,500.00, offering a prudent level for partial profit-taking.
Confidence Level
The confidence level for this strategy is 75%, reflecting cautious optimism. The technical and fundamental indicators support an upward trend, though volatility requires close monitoring.
Correlation with BTC
Ethereum shows a neutral correlation with Bitcoin (0.02), suggesting its price movement is minimally influenced by BTC. This allows ETH to follow its own market dynamics.
Position Analysis
Open Long Positions: None currently, presenting an opportunity to take advantage of the recommended strategy.
Open Short Positions: None, indicating a lack of bearish sentiment.
Risk Management Strategy
Entry at the current price of $3,431.65 is ideal to capitalize on potential gains.
A well-placed stop-loss at $3,200.00 minimizes risk in case of downside volatility.
The take-profit level at $3,600.00 provides an attractive target, while the exit point at $3,500.00 ensures partial profit-taking to secure gains.
Recommendation
OPEN LONG positions near the current price, aiming for a take-profit level of $3,600.00. The combination of technical support and moderate confidence in the bullish scenario supports this strategy. Traders should remain vigilant for any changes in sentiment or technical indicators that might influence price movements.
Pepe/UsdtBINANCE:PEPEUSDT
### **Pepe Current Price: $0.00001630 💰 (Support Level)**
The current price of **Pepe (PEPE)** is at **$0.00001630**, which is a **key support level**. A **support level** is a price point where the coin is expected to find buying interest, preventing the price from dropping further. In simple terms, if the price stays above this level, it shows that buyers are willing to step in and prevent a decline.
If the price manages to hold **$0.00001630**, it suggests that there could be **potential for upward movement**, as long as it doesn't break below this level.
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### **Resistance Levels and Trendline:**
- **Resistance at $0.00001764 🚀**:
The **first resistance level** is at **$0.00001764**. Resistance is the price level at which the coin may face selling pressure, as more traders might decide to sell, preventing the price from rising further. If the price reaches this point, it could face difficulty breaking above it, and it may consolidate or even drop back down.
- **Trendline Resistance Levels:**
- **$0.00001900 🔝**:
This is the first **trendline resistance**. If **Pepe** breaks through the previous resistance at **$0.00001764**, it might head towards the **$0.00001900** level. Trendlines act as visual indicators of where the price might struggle due to past price actions. If the price crosses this level, it might signal stronger bullish momentum.
- **$0.00002142 ✨**:
The next **trendline resistance** is at **$0.00002142**. If the price breaks through $0.00001900, the next barrier will be around this level. Here, the price might again face more selling pressure, and it could be a tough level to break if there is not enough buying interest.
- **$0.00002353 💥**:
The **final resistance** level is **$0.00002353**, which is the highest point in your analysis. If the price manages to surpass **$0.00002142**, it could then aim for this level. If it breaks this point, it may signal a major upward movement, as this could be the last major resistance preventing further gains.
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**Note**: This is **not financial advice**. Always conduct your own research before making any trading decisions. 📊
AAVE thesis by Titan_KarmaMarket Overview
The current market sentiment suggests a moderate bullish outlook, with a recommendation to HOLD or BUY the existing position. The asset is trading at $305.57, slightly below the open position price of $305.60, indicating a marginal decline but within a consolidation range.
Key Technical Indicators
Stop-loss: Positioned at $300.00, providing a safety net against potential downward volatility.
Take-profit: Targeted at $310.00, reflecting a reasonable resistance level to maximize gains.
Exit Point: Advised at $305.81, offering an opportunity for partial profit-taking just above the current price.
Confidence Level
The confidence level for this strategy is 75%, signaling cautious optimism. While the risk-reward profile is favorable, traders should remain vigilant for shifts in price momentum.
Correlation with BTC
The asset shows a neutral correlation with Bitcoin at 0.05, implying minimal influence from BTC's price movements. This provides room for the asset to move independently based on its own market dynamics.
Position Analysis
Current Open Position: One long position opened at $305.60, showing negligible unrealized loss.
Short Positions: None active, suggesting a lack of bearish sentiment.
Risk Management Strategy
Tight stop-loss ensures downside protection at $300.00, while the take-profit level at $310.00 secures a favorable upside.
Traders should monitor the $305.81 exit point for partial profit-taking and re-evaluate market conditions if the asset approaches this level.
Recommendation
Continue to HOLD the current long position, with a potential BUY opportunity if prices drop near the stop-loss level without breaching it. Monitor market trends closely and adjust risk management parameters as necessary to account for any changes in sentiment or volatility.
Litecoin, Shitecoin: An OpportunityAs much as I blast Litecoin, I think there's a trading opportunity here. Some other OG cryptocurrencies have gone up 5x recently - XLM and XRP, for instance. I don't mind this, because I actually think those coins are at least a little more viable as currencies than Bitcoin.
I'm keeping this short. Just taking advantage of volatility. A 40%+ pullback with the potential of a 200% move? I'll take it. Here to have fun, not here to question things right now.
Litecoin active addresses are stable around 300k, though having steadily moved up over the last couple of years from 200K. bitinfocharts.com
Bitcoin active addresses have climbed a bit recently up to 750K, after actually declining the last couple years. bitinfocharts.com
As crappy as price behavior has been for LTC over the years, I like its growth pattern to an extent.
It's important to keep in mind that while on a very slow long term uptrend, Litecoin has broken down out of its major long term uptrend (orange) This was why I had assumed more downside was to come.
Given that LTC tends to pump last in the cycle, I'm taking a gamble on this thing flying back into the long term uptrend. There's A LOT of resistance overhead, especially at the broken uptrend, near $150-160 currently. Here's the shorter term structure, with some bullish arrows drawn.
Taking out the recent low near $85 would be a bearish sign and could send price quickly back to $66 support.
Let's see what happens. If the market has already topped, oh well. Risking a neglegable amount here. R/R seems decent to me.
This meant for speculation and entertainment only.
-Victor Cobra
Bitcoin - Broader Structure and The $32K Breakdown TargetLast time, I posted an idea about Bitcoin's shorter term structure. I was scaling into a short position, and ultimately decided to close when I noticed strong support continuing to hold. This ended up being a good move, since price pushed higher towards $108k. There's a lot of resistance here in the low $100K range. While a notable milestone, it's a hefty price. More and more, Bitcoin is being seen as a tool for exploitation and wealth concentration for the wealthy, rather than something for the masses. Although good for price, this is not in keeping with the original intention behind the technology, or so we are led to believe.
I tend to generally post short ideas now because I do not support buying Bitcoin, which serves only to enrichen a select few, and no longer benefits the little guy. Sure, it could benefit ME in the future, but that feeds further into greed and selfishness, which are the human flaws at the root of many market inequities, fallacies, and injustices. For more on why I changed my perspective on crypto, there are tons of ideas I've posted over the years to pull from. It essentially boils down to this: When I was young and naive, I believed crypto could be an escape from the established financial system. In many ways it is, if you like gambling on memes and adrenaline coursing through your veins. But on a broader level, it's been co-opted by the same forces that control our traditional markets, institutions, and to an extent, our wellbeing. More and more, crypto seems to fit into a neo-feudalist dystopia, rather than a free-flowing renaissance utopia.
Earlier this year, I closed my original short positions when it seemed likely for Bitcoin to surpass its previous all time high. Now that price has hit a major milestone, altcoins have gone up 500-1000%, and gloating is abounds, it's time for me to re-enter my short. Now, I'm not looking to profit massively from this. It's a small position. But, I am of the belief that there is a non-negligible probability that Bitcoin will enter a longer term bearish trend. Whether it's now or at $160k, who knows?
If this trendline can break decisively (it's held very well so far, even when price drops below), the next stop seems to be around $89k.
From there, a bounce would be bullish. My green arrow shows the possibility of rally resumption if that level holds as strong support. On the bearish side, the previous all-time high is the next major level, followed by $32k if the entire support structure falls apart.
Markets are starting to wake up and understand that inflation isn't going away quickly, and monetary policy won't be as easy as it was. A lot of fluff needs to get weeded out. Unfortunately, crypto doesn't have much SUBSTANCE to it (meaning goods, resources, and services) attached to it.
As always this is meant for speculation and entertainment only! Thanks for reading.
-Victor Cobra
TRBUSDT - is it dead cat bounce ? What's next??#TRBUSDT.. after a perfect drop now market is near to his resistance area.
Question is that is it dead cat bounce or low are placed?
Well guys we have 57.40-50 that is our resistance area now and if market hold it in that case we can see again a drop towards next supporting area.
But keep in mind that we will go for cut n reverse above 57.40 on confirmation.
Good luck
Trade wisely
Crypto Market analysis - Total 2TOTAL2 has been a very reliable chart to base the bull runs on. We're looking at it now to see where we could potentially reverse. For this chart to be bearish, we would have to take out the low at 850 billion. As long as we put a higher low above that, the chart will remain bullish in the longer term.
Between August and November, we went through an accumulation phase, where we put consecutive higher lows after completing a bullish harmonic. We can also see that from the low to the first higher low, before breaking out of the exponential down curve, we retraced a perfect 0.786, which is very typical of a wave 2 retracement. If you then take the Fibonacci extension levels from the high to the low, we hit a perfect 4.618 extension, which is uncommon but very possible for a wave 3 extension. This would currently put us in a wave 4 correction.
We have retraced and have today cut through the 0.382 retracement level and are sitting at the 1.26 support. However, this isn't a reliable support, as it only acted as resistance in the past and has never been held as support. We could, therefore, expect to go lower, and the next level would be the 0.5 retracement level at 1.21 trillion.
For a wave 4, it is common to retrace between the 0.5 and 0.618, and the 0.618 is around 1.11 trillion, which is where the next zone of support sits. I would, therefore, find it possible, if not probable, to retrace all the way down to the 0.618 at 1.11 trillion dollars and accumulate within that zone of support before the next substantial rally.
The next substantial rally will hopefully bring us to all-time highs, but it does not necessarily have to do that. We could retrace and put in another lower high, which would, at that point, confirm distribution and likely indicate a mid-to-long-term pause in the bull market, if not a reversal into a bear market. Until this happens, or we take out the low at 850, we remain bullish.
The last points to consider are that we didn't distribute at the highs and didn't have a major liquidation event, this suggests that these assets will revisit the highs or have deep retraces into them. We are also developing bullish divergence which will mature as long as we stay above 850 b. For that reason, we are not selling anything at these prices.
Conclusion
Analyze prices carefully around these levels:
The current support at 1.26.
The next support at 1.11 trillion.
Look for TOTAL2 to showcase bullish accumulation or reversal.
Once TOTAL2 signals its direction, focus on individual assets that align with the macro trend.
Updates on specific positions will follow.
TOTAL3 - Altcoin Season DelayedCryptos are currently in correction mode, which could be a good time to accumulate.
TOTAL3 has an interesting setup, with the next relevant support at 765B-800B, which was the previous high in March 2024, and coincides with the daily SMMA (red line).
If we see a positive reaction in this area, we could at least retest the bearish trend line we have formed in the last few days.
I will update this idea as the setup develops.
Daily Analysis of Ethereum – Issue 234The analyst believes that the price of { ETHUSD } will decrease 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 234The analyst believes that the price of { BTCUSD } will decrease 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.
ETHUSDT, D1 Chart, Double Top and Market Structure👋Hello Traders,
Our 🖥️ AI system detected that there is an D1 timeframe ICT Short setup in
ETHUSDT for Swing trade.
Technically it is clearly that a double top formation and a LG at second top.
Our idea:
ETHUSDT is going to the extension target to the demand zone marked on the chart.
May be a possibility back to the FVG before further down.
So we only waiting for Short setup for swing trade and day trade in the coming 2 weeks.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
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