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Bitcoin’s Next Big Move: New Highs in 2025 After Key Breakout?Alright, we’re entering a critical new phase for Bitcoin. I never thought I’d be saying this, but it’s looking like new all-time highs could be on the horizon for 2025. We’re now targeting prices between $102,972 and $118,256. With the newly elected president showing strong support for cryptocurrency, these targets don’t seem unrealistic. If we look back at the weekly chart, Bitcoin recently completed a massive Cup and Handle pattern, pushing it effortlessly past its target of $75,021.83 and setting new all-time highs. The price has surged above the key yellow trendline—a level that’s historically been a major resistance point, rejecting Bitcoin multiple times. However, while Bitcoin’s breakout is impressive, history suggests it won’t be a smooth ride to the top. We previously expected this weekly candle to close below the trendline, and although it has managed to push past it, a pullback still seems likely. Bitcoin could dip to around $48,072.11 before resuming its upward trajectory. Pullbacks are normal, even healthy, in strong trends, allowing the market to consolidate before another leg up. The recent rally happened rapidly, fueled by a surge in buying momentum once Bitcoin broke through its resistance. This kind of bullish activity is typical when key levels are breached, as traders and investors pile in. But without a proper pullback to establish new support, these gains could be at risk. The broader market optimism, bolstered by political events, has also played a role. Bitcoin, acting as both a hedge and a speculative asset, thrives when investors are in a risk-on mood. But to sustain these highs, we’ll need to see continued market strength and solid support forming along the way. So, keep these target levels in mind. If you found this analysis helpful, don’t forget to hit that like button. Let’s see how this unfolds 2025 could be a big year for Bitcoin!
by CryptocurrencyWatchGroup
BICOUSDT | New High Soon?Market Context Is BICOUSDT gearing up for a new daily high? The charts are looking promising! Weekly Analysis On the weekly timeframe, we've finally broken above and retested the 20 EMA—a classic signal for a move higher. With altcoin season just around the corner, BICO is poised for a significant upward move. Strategy I'm jumping in and longing the market now! The stars are aligning for BICO, and we could be on the brink of an exciting rally. Let’s ride this wave to new heights!
Long
by minno91
GOOGL April 26, 2024: Lessons Learned After EarningsAs you can see in my related ideas section, I opened a position in NASDAQ:GOOGL on April 1, 2024 and decided to sell my entire position around April 15-18. Therefore I missed the upside on breaking out after earnings. Here are the main reasons why I decided to sell. The overall market was very weak during that time. The main indices NASDAQ:NDX , SP:SPX just started to break down their own MA-50 There are many earnings coming out this week. My position was opened on April 1 therefore I did not have any significant profit in it to hold through earnings So now what is the plan? Breaking into new high out of a large base is an opportunity to buy for trend-following traders. Therefore I will open a new position here with NASDAQ:GOOGL , or even better if it will pull back to little to the previous resistance (the yellow line on the chart)
NASDAQ:GOOGLLong
by longsonvn
USDCHF Update. New hight ? After a good start on the 15-minute chart around the Point of Interest for buyers on the 4-hour chart, I noticed that we are also in a key area of interest on the 1-day chart. According to the Smart Money concept since January 2021, we have only just finished accumulating liquidity. After such a powerful one-day candle, I decided to leave a portion of my deposit in trading to hold 0.01 lots until the price reaches the last untested zone on the 1-day chart, which settled around 0.10000. Since my broker still has long funding, this could be a great trade. Criteria for closing the position: The price reaches my stop loss, which I will occasionally move relative to the zones of interest on the 4-hour chart. The funding turns against me.
Long
by Scythe_
Might Dollar Rallied And Reached Supply ZoneWhen the mighty dollar weakens, what is to follow for the markets? hmm, hmm, hmm. Daily Chart clearly shows a rally into the supply zone . I'd say 1-2 more daily candlesticks before a retracement happens but first it may attempt to reach another high before getting rejected below the supply zone . I wont doubt that supply zone will break the next attempt at it but that wont be for awhile. let's worry about right now before the dollar strengthens again. We use this analysis and it allows us to have a foresight into the trend of other market instruments. ALWAYS DUE DILIGENCE!
TVC:DXYShort
by imonmyrise
USD/RUB WEEKLY TRIPPLE TOPOn Wednesday, the Russian rouble slumped, diving around 3% to hit a near two-year low past 81 to the dollar as Ukraine declared a state of emergency, with sanctions and invasion fears hammering Russian bonds and stocks. Ukraine told its citizens in Russia to come home. At the same time, Moscow began evacuating its Kyiv embassy in the latest ominous sign for Ukrainians who fear an all-out Russian military onslaught. USD/RUB has been consolidating in a narrow range of 81.48-81.63 in the early Asian session amid the declaration of emergency by Ukraine and formed a triple top formation on a weekly chart. The USD/RUB pair peaked above the 80.0000 earlier today, returning to Oct. 30, 2020, high before retreating, potentially forming a Shooting Star. This one-candle pattern demonstrates a bearish response, signaling bulls have been beaten back. It touches and rebounds from the 81 levels. It would be interesting how the traders will reach in the following days and weeks. However, if the price does make new highs, there is a chance that some investors will be aware of this resistance failure. Their interest could become support, pushing the price yet higher. For now, however, traders should treat the 80 levels with caution. If the bears are awakened, they can bring the price to test the peak from April 2021 around 78. Looking at Fibonacci levels, which are confirmed many times on the weekly chart, the price can correct 61.8 Fibo level, which is strong support around 73 or lower to 50 Fibo levels around 70 and confirmed the formation October 2020 to December 2020. But if the bulls decide to remain aggressive on the market, the price could be taken further north and reach the levels from the beginning of 2016 around 85. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
by legacyFXofficial
2
XAUUSD (Gold) longterm outlook - Targeting 2.5k Hey Trader, please see my current idea on Gold. This time on the weekly chart. According to my count we may have finished our ABCDE wave triangle. In this case wave E has the structure of a 5 wave pattern. In this case I do expect a lot of buying pressure on Gold which should lead to a breakout of this triangle and therefore new highs. Fundamentally it looks like that all the taper and rate hiking talk has already been priced in the Gold price, which would explain why we didn't see another sell-off with the release of FOMC news. Keep in mind: Proper risk management is key in being a successful trader, don't follow blindly any ideas. This is just my opinion and my technical view of the Gold market. RT
FOREXCOM:XAUUSDLong
by RT_Trading_
ADAUSD Creating Small Cup Pattern ADA has formed a small cup after the recent pullback, if the handle forms (I think it will). The next target will be minor target of 3.04. This was found by the cup and handle calculation: (2.84 - 2.64 = 0.2) (2.84 + 0.2 = 3.04). This move will be important because it will create a new high which validates the upward trend. If the pattern fails, and no handle is formed, expect a pullback to the 2.6-2.4 range. Keep in mind ADA goes live in Japan on AUG 25 at 8:30am. I believe this is on AUG 24th at 4:30pm PST. Let me know what you think! Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
3
MAHINDRA & MAHINDRA as on 09.08.2021FALLING WEDGE PATTERN FORMED!! IF IT GIVES A BREAKOUT THEN CAN MAKE A NEW HIGH!! Bollinger Band can break up there squeeze of more than a month with a breakout candle WHICH MAKES A GOOD CALL!! CAN retest and move up !! MACD sowing good strength after a long time !! RSI coming back towards 60!! EMA 5 DEMA has crossed 13 DEMA (making anticipatory call) AND CAN now cut 26 DEMA (AFTER 2 MONTHS!!) can make a very good call!! TARGET PRICE=955/988 STOP LOSS=753/719 WEEKLY CHART MAKING SAME PATTERN!! MONTHLY CHART MAKING A BREAKOUT MOVE!! GIVING GOOD SIGNALS!! (The above analysis is only for study purpose do not take it as any buy or sell call)
NSE:M&M
by shivamalang
2
DOGECOIN about to test its ATHDOGE is near its all-time high, based on the previous percentage increase it could go to ~$2.5 DOGECOIN search analysis in google trends seems legit... I think I will make a future post that explains crypto in down-to-earth words. It has financial-practical value ===> it could be the future of money transfers the same way as Mcdonalds and Burger King were the future of fast food, before fast food... and then dominos pizza and pizza hut. As always diversify.
BINANCE:DOGEUSDLong
by ZoharCho
2
The Attraction of small trading instrumentsSmall trading instruments can have many attractive qualities, let's go over them: Small equity needed: You don't need a lot of capital to buy them, they are cheaaaappp!!!! Whatever happens, your risk is limited: Your risk is limited to the capital you put in (if you buy...) , when you are new to trading, human mistakes happen, whatever mistake made or market punishment (Gap), you know in advance your biggest possible loss. Astronomical potential gains are possible: You can put a small amount, but get big returns on that amount, thus, you are more effective with your capital allocation. If you diversify on many small instruments that have the potential to go your way, your returns will be bigger versus other investors who invest in the blue chips. It is like buying more real estate with the same money... you get a lot more rent... Momentum is strong - light finger on the trigger BOOM BOOM: Since the price is cheap, psychologically it is easier for other investors to throw money in, and thus pump the stock up up and away to the moon!!! Love you all :)
BITTREX:DOGEUSD
by ZoharCho
1
The market PINEAPPLE Analogy for better tradingMany traders think that buying a stock is like buying a shirt in the store, IT IS NOT! Buying a stock is like buying a PINEAPPLE, if you understand PINEAPPLES, you understand stocks. 1 - first you have the first sprouts of the pineapple, that came from a seed, this price is extremely cheap. 2 - then the plant grows, and you have a full plant with leaves. Price is increasing with value. 3 - then the plant produces an un-ripe fruit (Green pineapple). Price is increasing with value. The farmer sells to the distributor of pineapples the un-ripe pineapple at a higher price. 4 - then the fruit becomes ripe and is ready for eating. The grocery store sells the pineapple to a restaurant at a higher price. 5- you can get the ripe pineapple and cut it open, and serve it at a higher price to a standby customer. He will gladly pay. 6 - if you cut the pineapple open or just bought it, and you didn't realize it on time (sell it to someone else), the fruit is starting to spoil, so you will lower the price just to get rid of it. 7 - once a lot of time has passed, the fruit is spoiled and no one wants to buy spoiled fruit, so the price decrease and the pineapple/stock go to the garbage. 8 - until the cycle repeats itself... Key takeaways: - Expensive can be much more expensive -> don't be afraid to buy a new high. - Stock is not like a shirt, if the price is down, it means something is wrong with it -->> the stock starting to spoil. - Cheap can get a lot cheaper. - When you buy a stock you need to look at it from the perspective of the seller/producer and not through the eyes of the customer... If you like it, press the like so this idea will be saved to your saved ideas for future reference.
NYSE:NIOEducation
by ZoharCho
1
Bitcoin Drop Zone 63,000?After a distribution from ATH's at 58,000, BTCUSD took a breather accumulating between 43k-53k. There is currently no reason it can't go higher especially considering stimulus pushing more money into equities and the US economy. I have marked up the measured moved from Bitcoin's former high and cloned it on to this move. This could be a valuable reference if price continues to trend up. On the chart I have broken down the move up to this point using volume analysis, supply/demand, and auction market theory. For anyone interested I have a tutorial linked.
BITSTAMP:BTCUSD
by crawfordpaul
2