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BTC - Quick NoteGiven the current market structure for BTC we are watching for some key levels for bulls to step in to reclaim the bullish trend. Right now, bears are still in control as we have seen a breakdown followed by a retest of old support being flipped into new resistance. Now we are looking for price to double bottom at this low we are currently testing. If price cannot create a double bottom or bullish divergence then we will have one more fall. Based on the charts that technical breakdown target is around $87.7k if price cannot hold this current bottom. Just a level to keep you eyes on for a low to be established if we get another drop to complete the breakdown.
by VIAQUANT
Scam exposed youtu.be 🛑 Honey Scam Unveiled: The video reveals that Honey, a popular browser extension marketed as a money-saving tool, has been involved in questionable practices. It includes deceptive advertising, affiliate fraud, and manipulation of influencers and customers. • 💰 Affiliate Commission Poaching: Honey replaces influencers’ affiliate links with its own during checkout, effectively stealing commissions. This practice impacts both large influencers and smaller creators reliant on affiliate marketing income. • 🔍 Misleading Value Proposition: Honey claims to find the best coupon codes for users but often withholds better codes at the behest of partner businesses, undermining its core promise. • 📊 Business Partnerships: Honey allows businesses to control discount codes on its platform, leading to intentional withholding of higher-value discounts from users. • 🧑‍🎤 Impact on Influencers: Prominent influencers like Linus Tech Tips unknowingly promoted Honey, only to later discover these manipulative practices. Despite ending partnerships, many influencers’ promotions remain live, perpetuating the cycle. • **🤥 False Claims in Marketing: Honey’s advertising is called out for misleading statements such as “you’ll always get the best deal” and “no manual searching needed,” which contradict their actual operations. • **🚨 Consumer Exploitation: Customers often experience Honey providing suboptimal deals or adding its own branded coupon codes instead of genuine discounts. • **📈 Massive Reach: Honey’s marketing campaigns involved sponsorships with over 1,000 YouTube channels, accumulating billions of views. • **📢 Ethical Questions: Despite being exposed, Honey remains active, with little regulatory oversight or accountability, raising concerns about online business ethics. Insights Based on Numbers • $4 Billion Acquisition: Honey was purchased by PayPal for $4 billion, showing the financial stakes behind its practices. • 7.8 Billion Views: Honey’s campaigns amassed almost 8 billion views, illustrating the vast reach and influence of its deceptive marketing. • 89 Cents vs. $35: In one example, Honey poached $35 in affiliate commissions but returned just 89 cents to the customer, highlighting the imbalance in benefits.
NASDAQ:PYPLShort
by justin_p_mcfarland
1
Maruti Suzuki India Ltd: Super Trade Alert!🚗💥 This Trade Blow Your Mind 💥🚗 This setup is looking explosive—get ready for a mind-blowing move! 🚀 Maruti Suzuki is poised for a stellar run, and this could be your ticket to ride the wave. 🔑 What’s the buzz? Strong technical setup forming, indicating a potential breakout. Key levels identified—entry from my mark for maximum impact. Momentum is building, and this one looks ready to shift gears toward new highs. Long from my mark, and hold tight—this one’s a rocket! 🚀
NSE:MARUTILong
by ashwani500
Is now the time to long Solana?Solana (SOL) has been the most oversold top altcoin, but its over 30% pullback could be a great buying opportunity per some pundits.  Since its November peak, SOL has declined from $264 to a low of $175. But the pullback has hit a key confluence area which, if held, could validate Marty’s thesis. Throughout 2024, SOL’s dumps reversed at the 100-day EMA (Exponential Moving Average, blue). This pattern has repeated in June, July, and October.  As of this writing, the recent pullback stabilized at the moving average ($175). Interestingly, the level also coincided with the golden level (61.8%) of the Fibonacci retracement tool, as measured from September’s lows.  In most cases, price trend reversals happen at the golden ratio level. So, if the pattern repeats, SOL could bottom out at $175 with a potential deviation of $160.  That said, the overall market sentiment was still negative on SOL, which could be ideal for long-term investors eyeing discounted SOL. 
Short
by paul_endeo
Why 68% of top traders are bullish on Aave right nowA broader cryptocurrency market is struggling, including major assets like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Meanwhile, AAVE is leading the market with a 15% upward momentum. This bullish momentum is driven by heightened trader interest worldwide, as reported by the on-chain analytics firm Coinglass. According to the data, AAVE’s futures open interest has surged by 15% in the past 24 hours, highlighting how traders are capitalizing on the current market sentiment and building new positions. In addition to on-chain metrics, Binance’s AAVE/USDT long/short ratio currently stands at 2.10, indicating strong bullish market sentiment among traders. On-chain data further reveals that 68.50% of top traders on Binance hold long positions, while 31.50% hold short positions. On the chart, AAVE has formed a bullish engulfing candlestick pattern at the crucial support level of $290 but currently appears to be struggling near the resistance level of $337. Based on recent price action and historical momentum, if the altcoin closes a daily candle above $340, there is a strong possibility it could soar by 25% to reach the $415 level in the near future. In addition to its bullish outlook, AAVE’s recent price dip is viewed as a price correction, which now shows signs of a potential rebound. On the positive side, AAVE’s Relative Strength Index (RSI) currently stands at 59, close to the overbought region, indicating that the altcoin has sufficient room to gain further upward momentum.
Long
by paul_endeo
XRP Analysis – December 23, 2024Hello, this is Greedy All-Day. Today's chart analysis is on XRP. Daily Chart Overview: Looking at the daily chart of XRP, we can see that since December 1, 2024, the chart has been forming a pennant pattern. As per the pattern's characteristics, we should look for either a breakout above resistance or a breakdown below support. Until that happens, the general approach is to remain on the sidelines during the consolidation phase. Currently, the price is still within the pattern, so there is no clear direction yet. Although we’re seeing some correction, we cannot call this a full correction just yet, as the consolidation may simply be a brief pause before a potential continuation of the upward move. The concern is the red box area, where the Lagging Span (or Lagging Line) is about to break through the candles. If this occurs, the Lagging Span may face resistance from the candles above. For the trend to continue upwards, we need the price to stay above the middle of the pattern. If not, we might see a weakening of buying pressure. Risk of a Pennant Breakdown: If XRP breaks down below the pennant pattern, the next support level to watch is at 1.847. Should this level also be broken, it could complete a descending triangle, with a target around 58% lower. As you can see, this is close to a key resistance level from the previous upward movement. Therefore, breaking below 1.847 is critical. Further Historical Data Analysis: Looking at more historical data on the daily chart, we can see that XRP previously broke above a major resistance level (the red box) and tested it as support before rebounding. However, if XRP breaks below 1.847, it will likely enter a consolidation phase after completing a new pattern. In the past, the next frame showed a significant drop toward 0.766 after a similar strong rise. This suggests that a sharp decline is highly likely if the current breakout fails to hold. This analysis highlights the current critical levels for XRP. The next steps depend on whether the price can maintain its position above support or if a breakdown occurs, potentially leading to a more significant drop. Conclusion: In summary, XRP is currently in a pennant pattern, and we need to watch for a breakout above resistance or a breakdown below support. While there’s still potential for an upward move, the key levels to watch are 1.847 and the red box area. A breakdown below 1.847 could lead to a significant decline, potentially completing a descending triangle with a target lower than the current price. It’s crucial to wait for clear price action before taking action, as the market is still uncertain. If the price breaks lower, we could see a strong correction, but if it holds support and resumes the upward trend, it could be an opportunity for further gains.
by Greedy_allday
The US govt. will not shut down! So where Are we heading now?How interesting is this—markets seemed nervous for 3 weeks as we approached the deadline to fund the U.S. government. The deadline passed over the weekend, and a deal was reached. Yet, here we are, with Dow futures opening down 80 points. With Christmas Eve tomorrow, it looks like the Santa rally got canceled this year. Five Dow components are already in bear market territory (down more than 20% from their highs). So, what do you think? Is this the perfect spot for a pullback, or do we rally from here? I’ll be looking for weak spots to short with a tight stop—and I’d love to hear your thoughts. Leave your comments below!
CBOT_MINI:YM1!Short
by onlytrade2win
Bitcoin's Ugly WeekKey Observations: Recent Price Action: Last week’s candle was a large bearish engulfing candle, marking a significant rejection and pullback from the $108,000 zone. Bitcoin has broken below the $99,860 support, which had previously acted as a key level during the rally. This level is now likely to serve as resistance. Current price sits near $95,905, attempting to stabilize after the sharp sell-off. RSI Analysis: The RSI on the weekly timeframe is trending downward after reaching overbought levels (~80). The RSI is currently sitting near 67, which is still bullish but indicates weakening momentum. This decline in RSI aligns with the pullback in price, signaling a potential cooling-off period for Bitcoin's uptrend. Volume: Last week’s bearish candle was accompanied by high volume, confirming strong selling pressure. This suggests that the pullback is not just a minor correction but a significant event that traders are actively responding to. Support and Resistance Levels: Support: $89,000–$90,000: Key area and a psychological level where buyers might step in. $73,835: Major breakout level from earlier in 2024, which remains a critical support zone in the event of further downside. Resistance: $99,860: Previously strong support, now flipped to resistance. $108,000: Recent high and upper boundary for potential future attempts to reclaim bullish momentum. Trend Structure: The weekly structure remains bullish overall, with higher highs and higher lows intact. However, the break below $99,860 signals a potential shift to short-term bearish momentum. Key Considerations: Last Week’s Candle: The large bearish engulfing candle signals significant selling pressure at higher levels. This type of candle often precedes further downside or at least a period of consolidation, especially when confirmed by strong volume. Bearish Momentum: The break below $99,860 combined with RSI dropping from overbought territory suggests a cooling-off phase in the uptrend. Further downside to $89,000–$90,000 is likely before buyers step in to defend. Long-Term Bullish Case: Despite the short-term pullback, the macro trend remains bullish, with price still well above the 50-week SMA and prior breakout levels. A retest of $89,000–$90,000 or even $73,835 would still align with a healthy correction in a long-term uptrend. Bitcoin's weekly chart shows a significant pullback after a sharp rally, with RSI and volume confirming short-term bearish momentum. Immediate support lies at $89,000–$90,000, while $99,860 acts as key resistance. The broader trend remains bullish, but this correction could deepen before resuming the uptrend.
COINBASE:BTCUSD
by ScottMelker