Bitcoin - Very bullish, Ethereum will +50% in a week!Bitcoin is currently very bullish, as the price broke the 60-day long range. Bitcoin hit an all-time high yesterday, which confirms the breakout of the range. We can expect 122k to be hit in the near future, but let's take a look at Ethereum, because this is a very good indicator, not only for bitcoin but for altcoins in general.
Ethereum is forming a huge inverse head-and-shoulders pattern. Don't be surprised if ETH starts pumping like crazy; this is probably your last chance to buy it cheap! You can wake up in the morning and see a huge green dildo on the ETHUSDT chart, so you really don't want to miss it. Personally, I would prefer ETH over BTC in the next few days or weeks.
Back to Bitcoin. What we can see on the chart is my Elliott wave count. We are in the final wave (5) of a major impulse wave. It's time to set up your sell orders and prepare for a significant bear market in 2025/2026. I recommend selling Bitcoin around 120k, while moonboys expect 300k or 500k. I stay grounded, I don't think Bitcoin will go exponentially.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Elliott Wave
GOLD → bulls are aiming for ATH. The odds are high...FX:XAUUSD is in a rally phase aiming for ATH. Based on geopolitical data, we have a pretty good chance. The focus is on 2750. From this point the northbound train can continue its journey.
Trump's policies are putting quite a bit of pressure on geopolitics due to creating trade problems for major nations like China, EU, Canada, BRICS countries. Chinese Vice Premier Ding Xuexian has warned of the negative effects of a trade war, which has further increased demand for safe havens like gold and the US dollar. Gold is also facing pressure because of the Fed, but the dollar correction is becoming another driver for the metal.
Technically, the price is trying to consolidate above a rather important level. 2749. If the bulls manage to keep the defense above 2750, the metal may continue its growth in the short and medium term
Resistance levels: 2759
Support levels: 2750, 2737, 2732
Emphasis on 2750. If the bulls keep this area under their control, the gold will go higher. But, I do not exclude a retest of 0.5 Fibo liquidity zone or 2732 before further growth.
Regards R. Linda!
SONIC - New altcoin, is 10x possible?SONIC is a new altcoin that has been listed on all major exchanges. I received many requests from you to do an analysis on it and if it's worth it to buy. First, let's take a look at fundamentals, then technicals.
The market cap is 202 million dollars ($202.91M) and is ranked #362. There is room to grow, as the market cap is not that high. As the coin is listed on major exchanges, it has relatively good liquidity, and you can trade it on the futures market. You can go long/short, and the volatility is extremely high. Pretty much every retail trader is addicted to volatility because if the coin is not moving, there are no opportunities. Always choose coins that move; you don't want to be stuck in the boring range.
Sonic is the first SVM network extension to launch on Solana, for games and applications. They are partners with Backpack, OKX Wallet, Metaplex, Pyth, Solayer, and more. The Solana network is getting popular, also with the latest TRUMP coin pump. They have 566k followers on Twitter and the number is rising pretty quickly.
Now, can this coin 10x? Yes, but this will definitely take some time. If you want to trade this coin, which I highly recommend due to its high volatility, you can take the following trade.
On the chart, you can see a descending channel, and I see an opportunity to go long on the next touch of it. Take profit is at the top of the channel or liquidity zone above the previous range, which you can see on the chart. Now, I am very curious - What do you think about this coin? Buy or sell? Let me know in the comment section. Thank you and have success!
VeThor’s(VTHO)+450% Boom: Fundamentals & Technical Insights!🎂 Today marks the beginning of a new chapter in my life! My biggest wish for this year is to grow stronger together with all of you—my amazing followers. I hope to provide even better insights, share more valuable trading strategies, and help us achieve both profits and health and happiness. 🎂
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In the last 24 hours, the VeThor Token ( BINANCE:VTHOUSDT ) project has managed to increase by more than +450% . Let's take a look at the reasons for the VeThor Token(VTHO) increase :
The fundamental reason behind the recent surge in VeThor Token (VTHO) could be attributed to increased network usage and adoption of the VeChain blockchain :
Higher Network Activity : The VeChain( BINANCE:VETUSDT ) ecosystem has seen growing adoption in industries like supply chain, logistics, and sustainability, leading to increased demand for VTHO to pay transaction fees.
New Partnerships and Integrations : Announcements of new collaborations and partnerships involving VeChain have boosted investor confidence, indirectly driving demand for VTHO.
Technical Upgrades : Improvements in the scalability and efficiency of the VeChain network have made it more appealing for developers and businesses, increasing VTHO's utility.
Speculation and Market Sentiment : Positive sentiment and speculation about VeChain's future potential have likely influenced short-term trading volume and price spikes for VTHO.
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Let's take a look at the Technical Analysis of the VTHO token :
During the last 24 hours, VTHO seems to have managed to break the Heavy Resistance zone($0.0070-$0.0037) . One of the signs of a valid failure is that it is broken with a large volume of this zone .
Regarding Elliott wave theory , it seems that VTHO has successfully completed the main wave 3 above the Heavy Resistance zone($0.0070-$0.0037) and is currently completing corrective waves . Probably, the structure of corrective waves is Zigzag type(A-B-C/5-3-5) .
I expect VTHO to start increasing again after the -30% decrease from Potential Reversal Zone(PRZ) and at least increase(+40%) to the Resistance line, and if the Resistance line is broken , we can confirm the end of the main wave 4 and wait for further increase of VTHO .
Note: If VTHO goes below the Potential Reversal Zone(PRZ) , we can expect further price reduction of this token.
Please respect each other's ideas and express them politely if you agree or disagree.
VeThor Token Analyze (VTHOUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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XLMUSDT → Attempt to change the local trendBINANCE:XLMUSDT is entering the correction phase after attempting to forge an uptrend. Price is breaking support due to the change in market nastreonium and bitcoin correction.
Bitcoin is moving into a correction, which is generally creating pressure for the already weak altcoin market. The reason is disappointment from the cryptocurrency community due to the lack of hints about cryptocurrencies in the new President Trump's speech. The market is trying to digest this fact as part of a correction.
XLM is technically breaking the ascending support inside the global descending channel, meaning that the pressure on the market from the bears is still present.
Support levels: 0.4177, 0.3896
Resistance levels: 0.460, 0.4955
The focus is on the previously broken channel boundary and the support level at 0.4177. The price may still test the previously broken channel boundary before falling further. But, a breakdown and consolidation of the price below 0.4177 may provoke sales.
Regards R. Linda!
GOLD → The bulls are fighting for 2750. ATH is close!FX:XAUUSD is in a bull run phase due to rising risks. The price is testing new highs and trying to consolidate above key resistance. Trump's speech is ahead and high volatility should be expected.
Gold price is consolidating in the bullish zone after breaking through the three-top resistance. Traders are analyzing the impact of President Trump's tariff policies, which have caused uncertainty in the markets and weakened demand for the dollar and bonds. Meanwhile, support for gold prices is provided by optimism from China's measures to stimulate stock markets.
Investors' attention is focused on US economic data, including weekly jobless claims and Friday's PMI from S&P Global, which could affect expectations for a Fed rate cut. Weak statistics will reinforce forecasts of two rate cuts this year, which supports interest in gold.
Technically, the focus is on 2750. If bulls hold their defenses above this zone, gold could head towards ATH.
Resistance levels: 2750, 2762
Support levels: 0.5 fibo, 2732
Bullish trend, high risks, politics. Lots of reasons that support the metal. But, today is Trump's speech, and this man knows how to make noise in the market. High volatility is possible. But, in general, gold looks as if it is ready to go up, perhaps it can even renew ATH
Regards R. Linda!
Ascending Channel at Risk: Gold's Next Move!Gold ( OANDA:XAUUSD ) is moving in the Resistance zone($2,743-$2,700) , near the Upper line of the Ascending Channel and near the Important Resistance lines .
According to the theory of Elliott waves , Gold seems to have succeeded in completing microwave 5 of microwave c of the main wave Y . If the Uptrend lines break , we can confirm the end of wave 5 .
Also, we can see the Regular Divergence(RD-) between Consecutive Peaks (Clear RD- in all indicators ).
I expect Gold to drop at least $2,710 in the coming hours after the breaking of the Uptrend lines . The next target can be $2,701 , and if the lower line of the ascending channel breaks , we can hope for the breaking of the Support zone($2,697-$2,689) .
If you want to see my analysis on the 4-hour time frame , take a look at the post I published on January 16, 2025 .
Note: If Gold goes above $2,750, we should expect more Gold increase and a new All-Time High (ATH) for Gold.
Be sure to follow the updated ideas.
Gold Analyze ( XAUUSD ), 1-hour time frame.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin Overshoot - Last Bullish Swing - 5th WaveMARKETSCOM:BITCOIN #trading was good to me.
I was able to predict and ride the #Bullish #Cycle like a pro.
Trade Recap
From the $17K I was actively looking for buys.
Also entered BITSTAMP:BTCUSD #Long from the GETTEX:25K mark, on the #Break-out.
At the Wave 4 Completion and 5th Wave Break-Out, I went Long again on $BTC.
At $100K Milestone I cashed it all in, I was a bit weary...
All well documented in the previous #Bitcoin Idea.
What's Next For MARKETSCOM:BITCOIN ?
I am entering the Last Long, to ride the 5th of 5th Wave.
After this #Bull #Swing I am expecting a considerable #Correction.
After the push, some wild moves will occur, and that's because of the CRYPTOCAP:BTC.D (BTC Dominance).
CRYPTOCAP:BTC.D Correction in Wave 2 will pave the way for $Altcoins (#Altcoins), thus the $Altseason (#AltSeason) to start.
Yes, MARKETSCOM:BITCOIN shall fall, while the CRYPTOCAP:OTHERS ( CRYPTOCAP:TOTAL3 ) would most likely grow in #TotalMarketCap.
* You can see the related ideas for more clearance.
BITSTAMP:BTCUSD / BINANCE:BTCUSDT - #TechnicalAnalysis
- Elliott Wave: #Impulse Confirmed (5th Wave)
- Mar '20 - Apr '21 #Fractal (orange)
- #ATH Break-Out & #Support
My Levels For Longs
- Entry @ $100K
- SL @ $85K
- TP @ $145K
* After this move, I will take a break and look for #Short set-ups.
This is because of the #Bearish #Fractal (red).
EURUSD Roadmap==>>Short-term!!!EURUSD ( FX:EURUSD ) is moving near the Support zone($1.039-$1.033) and inside the Ascending Channel .
According to the theory of Elliott waves , it seems that EURUSD has succeeded in completing the main wave 3 above the ascending channel and is currently completing the main wave 4 .
I expect EURUSD to attack the Resistance zone($1.052-$1.044) again soon, and the main wave 5 could end in this zone.
What do you think? Will EURUSD break the support zone or bounce back to test the resistance zone?
Note: If EURUSD can break the Support zone($1.039-$1.033), the lower line of the ascending channel, and 100_SMA(4-hour) , we should expect a further decline of this pair.
Note: Donald Trump's speech and the announcement of the Unemployment Claims index can affect the EURUSD trend(Tomorrow).
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Ethereum (ETH) - ATH Break-Out - Bullish CycleMARKETSCOM:ETHEREUM gave me a whooping 170% #Profit on the #Bullish Swing.
I went #Long on BITSTAMP:ETHUSD from the 1.6K Mark, on the #Break-Out.
I cashed it all in on the 3.5-4K Range.
* see related idea for details.
Unlike MARKETSCOM:BITCOIN , CRYPTOCAP:ETH did not deliver a new #ATH.
In fact, it all leads to the fact that it's waiting for something.
With the $BitcoinDominance ( CRYPTOCAP:BTC.D ) showing signs of an up-coming #Correction, I believe this will pave the way for #Altcoins to shine, thus the #Altseason to start.
Crypto Market Cap ( CRYPTOCAP:TOTAL2 & CRYPTOCAP:TOTAL3 ) are about to burst on the #Bullish side.
BINANCE:ETHUSDT will play a major role in this.
* see related ideas for details.
What's the Play for MARKETSCOM:ETHEREUM ?
I see a strong #ETH #Bull in Cycle Wave C (turquoise).
This can easily reach 5K, but can also tag the 7K Mark.
BITSTAMP:ETHUSD #TechnicalAnalysis
- #ElliottWave Cycle Wave C (turquoise)
- Inverted #HeadandShoulders
- #RunningFlat
My CRYPTOCAP:ETH #BUY Levels
- Entry @ 3.1K
- SL @ 2K
- TP @ 5K
BTCUSDT ELLIOTT WAVE ANALYSIS: 23 JAN, 2025 - DOUBLE THREE©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M (Master's Designation).
Risk Analysis / Risk Assessment:
- Major Trend: Bullish
- Which Wave Count Scenario Has Higher Probability: Definitely the Main Wave Count Scenario.
- Should I Go Long?: No, Not Now.
- When to Confirm Bullish Trend with High Probability?: On Breakout Above 107,240.
Details:
Since the 89,0256.69 Low, we are witnessing a corrective wave following the completed wave (i)-orange, which I mentioned in my last analysis of BTC, so this is a good opportunity to review the upcoming outlook.
Wave (ii)-orange is completing as a Combination Double Three. Its y-grey wave may need a little more time to complete as a Triangle, then wave (iii)-orange will move higher.
Alternative scenario: Wave (ii)-orange has ended, and wave (iii)-orange has started. (Less likely, lower probability).
Conclusion:
Need a little more time. Or when the price breaks through 107.240, it will immediately trigger the alternative scenario ALT, and wave (iii)-orange can move much higher.
EURUSD → An attempt to change the trend could be successfulFX:EURUSD gets a chance for a bullish run. The currency pair breaks the prolonged downtrend and consolidates for a chance to continue the upward movement
The global trend is downtrend and at the moment it is too early to talk about a change of trend, as the price is under pressure from the strong resistance at 1.044. BUT! A pre-breakout base is forming around this area, so if the dollar continues its corrective course, EURUSD will have a chance to confirm the trend change. If the bulls are able to overcome 1.0448 and consolidate above this level, we will have a chance to rise to 1.06 and possibly higher....
Resistance levels: 1.0448, 1.0607
Support levels: 1.033, 1.0222
Technically, the focus is on the nearest trigger at 1.0448. A breakout and consolidation of the price above this zone may provide a convenient entry point to open long positions.
Regards R. Linda!
GOLD → A very strong uptrend may get its continuationFX:XAUUSD is rising due to high geopolitical and political risks. A strong bullish trend is forming, within which the price tests the strong resistance 2726 and draws a false break of the resistance...
The rise is shaping up more on the back of Trump's threats on tariffs, adding to the risk-negative sentiment in the markets. Trump has proposed imposing tariffs on Mexico and Canada, as well as the EU and China, if a trade agreement is not reached. These threats are supporting demand for gold as a safe-haven asset. However, the strengthening dollar and expectations of Fed rate cuts are limiting further upside for gold. Trading in the coming days will depend on the general market atmosphere and Trump's tariff discussions.
Technically, a false break of such a strong resistance could temporarily slow the growth and move the price into correction or consolidation, but there are nuances of technical...
Resistance levels: 2721, 2726, 2761
Support levels: 2703, 2697, 2690
At the moment it is worth paying attention to 0.5 fibo (2717) and 0.7-0.79 fibo. These are quite strong and important liquidity zones that can stop the correction and bring gold back to the uptrend. A retest of the local high of 2726 - 2732 will hint at the readiness of the metal to go even higher.
Regards R. Linda!
How long #VTHO will make in this bull cycle??
#VTHO had made a great move yesterday ... According to elliott wave micro count, it has completed it's 3rd wave and now will move towards 4th corrective wave into green box region....
It must hold that region and then it will complete it 5th wave which equally matches with the target of 3rd macro count....
After 3rd macro count we can see slight pullback creating 4th corrective wave and then final macro 5th impulse wave will be made by #VTHO
ALTcoins Have Still Space For More GainsHello Crypto traders!
Crypto market remains nicely bullish as expected and if we take a look at OTHERS Crypto market cap chart, which excludes top 10 cryptocurrencies, it's looking for a bullish break into a 5th wave out of wave (4) bullish triangle pattern that can send the price into all-time highs and 500B area. Bullish confirmation is above upper triangle line and 400B area.
So, with current risk-on sentiment and while stocks have space for more upside, still watch out for more gains in the Crypto market once current consolidation fully unfolds, especially if we consider USDollar weakness.
NIFTY50.....Mind the gap!Hello Traders,
the NIFTY50 has declined to 22976.85 on Monday 20th!
It formed a "Hammer-candle" on January 21th! From a technical perspective, this low wasn't lower than the one on Januar 20th! So handle with patient.
A trade is thinkable, but it is not my favorite, 'cause we are clear in a down trend.
So I would feel better to rise above the 23426 level to make one! It would best fit on an hourly time frame at minimum. Another opportunity is a break of the 23169.55, the high of the "Hammer-candle"! But if so, act carefully!
While pressure has to extend dropping below 22976, I would favor my target range @221xx range.
So, that's it for a quick note today!
Stay tuned and always "mind the gap"!
Have a great time.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
AMD Harmonic Elliott Wave and Hurst Cyclic AnalysisLet’s revisit the key points from my last update on AMD, published on November 27th:
We are currently correcting the bullish move from October 2022 to March 2024.
Wave A of the second zigzag (labeled 'y') is nearing completion.
The October 2023 trough aligns with an 80-week (80W) cycle trough.
The first 20-week (20W) cycle within this 40W cycle was anticipated around December 18th.
A rally is expected to follow before entering the extreme bearish phase.
The 80W cycle trough is projected for early April 2025.
Although the 20W cycle trough took slightly longer to form than expected, the overall analysis remains intact. We are currently progressing through wave B of y of (II), which I believe could push prices as high as 144. The 80W cycle trough is now projected for early May 2025.
S&P 500 index Wave Analysis 22 January 2025
- S&P 500 index broke resistance levels 6000.00 and 6060.00
- Likely to rise to resistance level 6110.00
S&P 500 index recently broke the resistance levels 6000.00 (top of the previous minor correction) and 6060.00 (top of the previous wave B from December).
The breakout of these resistance levels accelerated the active intermediate impulse sequence (3) from the start of January.
Given the strong multi-month uptrend, S&P 500 index can be expected to rise to the next resistance level 6110.00, top of the previous impulse wave (1).
BTC Harmonic Elliott Wave and Hurst Cyclic AnalysisIn our previous update on December 25th, we projected BTC to push higher to complete wave V, followed by a bearish phase in March and April, with 121,500 identified as a potential peak target.
The 20W cycle extended a bit longer than anticipated, forming on January 13th. Despite this, everything remains on track, and we are now in wave (b) of V, with my updated peak target at 118,500.
Looking ahead, I expect the 40W cycle to form in May 2025. Until mid-March, the bullish trend should continue, after which bearishness is likely to set in, corresponding to the 40W cycle trough (wave B).