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Will 90k Hold Bitcoin?Alright, so we couldn't quite tag 100k. Not surprising. 100k is huge psychological resistance and we can now see from on-chain data that long-term hodl'ers, which is defined as anyone who hodls BTC for 6+ months, have started to sell more rapidly as we approached that price point. So, we got our pullback as expected. Now, the question is how far down do we go? Will 90k hold us? Or will we go lower? Let's explore these questions a bit in this post using some basic technical analysis combined with our knowledge of past historical price action at the beginning of a bull run. First, let's review where some of these trendlines on my chart actually come from. That pink ascending trendline was made by connecting the wick top in April of '21 to the wick top in November of '21 and then extending it out infinitely to the right. In my last post, I stated that it would act as resistance. It did. But I also was unsure that it would hold us below for more than a few days. It didn't. There was enough hype in the market to break us to the upside. Now that same line should act as support. I would expect it to hold us up at least through Thanksgiving weekend here in the U.S. This may give altcoins enough time for one final pump. And as long as Bitcoin decides to remain above that line, altcoins should continue to shine. But, if Bitcoin's price decides to break below our trendline (I estimate that this will not occur until after this weekend), then altcoins will pull back more drastically as Bitcoin descends further. So, if Bitcoin breaks below 90k, where will it go? My guess will be that we drop to that second pink trendline below us somewhere around 75-76k. That trendline was drawn similarly to the way I drew the upper pink trendline. I drew a line from the wick high of November '21 to the wick of our most recent high of March this year. I then extended the line to the right. You can see from the chart that this was also a significant trendline because once the price broke above it, it sent, confirming the significance of the trendline. Now, the rationale for my timeline and potential drop increments includes the fact that markets tend to stay optimistic over the holidays here in the U.S., especially when we are in the beginning stages of another bull run. And that we are. Therefore, if we do drop further, I wouldn't expect this to occur until after Thanksgiving weekend. In bull runs, it is quite common to see 20%+ pullbacks while we move up. A drop to 76k would meet this historical pattern. Again, I don't have high conviction that we actually will drop to 76k, therefore, I am not shorting. But I am a bit softer on the longs at this point and have all my stops at appropriate placement. Subs, check the tracker for those details. My current stable holding is around 40%. Let's see how this all plays out. ✌️ Stew BTW, I haven't mentioned it in this post, but my year-end target is now 102-109k. And yes, even with any pullback, I still believe we'll get there. I'll write more about this in a future post.
INDEX:BTCUSD
by stewdamus
SasanSeifi|Bitcoin Hits $99,500 ATH: Will It Cross $100K Next?Hey there, ✌ As shown in the BINANCE:BTCUSDT 2-day chart, the price broke its previous all-time high (ATH) of $73,000, leading to an impressive rally that reached a new ATH at $99,500. This strong upward movement sparked optimism for further growth. However, after hitting this level, Bitcoin faced resistance and is currently trading around $92,400. Currently, a minor range is visible near the $90,000 price zone in the 2-day timeframe. If Bitcoin manages to hold this level and consolidate, it may enter a range phase. Following this phase, Bitcoin is expected to resume its upward trend, targeting $100,000 and $107,000. On the other hand, if Bitcoin fails to maintain the $90,000 support and faces selling pressure, a correction may occur. In such a scenario, a confirmed breakdown below $90,000 could lead to further declines toward the $83,000 and $79,000 support levels. The $90,000 level is critical for assessing Bitcoin’s next move. A consolidation here could pave the way for more growth. Additionally, if Bitcoin ranges at this level, altcoins might also benefit from bullish momentum. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
EURUSD - Do You Trade Gaps?Gaps can be powerful indicators for spotting potential price movements. They often represent areas where market orders overwhelm supply or demand, creating an imbalance. In this chart, I’ve identified a clear gap (imbalance) on the EUR/USD 1-hour time frame, and I want to share my thoughts on how you can trade them effectively. Why Gaps Matter: Liquidity Zones: Gaps often act as magnets for price action. The market loves to "fill" these areas to rebalance orders. Market Psychology: Gaps represent institutional activity where major players leave their footprint. Recognizing this can give you an edge. Clear Risk Management: Gaps provide clear levels for stop-loss placement and entry zones, making your trade setups precise. My Approach to This Gap: Gap Identification: On this EUR/USD chart, I spotted an imbalance near the 1.0433 area. Confluence: This gap aligns with my premium Fibonacci levels and is located in a significant bullish order block. This strengthens the validity of this setup. Bias Confirmation: After the gap formed, the price showed bullish intent, supporting my bias that the market could push higher to mitigate this imbalance zone. How to Trade Gaps: Be Patient: Wait for price to return to the gap area before entering trades. Impulsive entries can lead to unnecessary losses. Combine with Structure: Always ensure gaps align with your broader trend and other technical tools (e.g., Fibonacci, BOS, CHoCH). Risk Management: Use the gap edges to wdefine tight stop-loss levels and aim for a high reward-to-risk ratio. Conclusion: Gaps are not just empty spaces on the chart; they’re signals of what the market intends to do. In this case, if the price revisits the highlighted gap area, I’ll look for further bullish signs before entering a trade. What are your thoughts on trading gaps? Have you used them in your strategy? Let me know in the comments below!
Long
by Safaric
2
PARALLEL CHANNEL MODULEIn this analysis we are focusing on daily time frame for Gold. Here we are using parallel channel and order block combine with price action. Let's see what happens and which opportunity market will give us. Let's delve deeper into these levels and potential outcomes. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analyze or prediction. #XAUUSD 1D Technical Analyze Expected Move.
OANDA:XAUUSDShort
by TradeTacticsreal
2024-11-25 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax xetra- Bullish. Globex opened with a big gap up and bears closed it but could not close the gap to Friday’s closing price. This is bullish confirmation and bulls will now poke the bear trend line until it breaks. Bears would need a 1h close below 19300 to make me question this move. Bear trend line held, which is why we are forming nested triangles. Expect more sideways movement until bulls break above 19500 with force. Afterwards 19600 will come fast and then we retest the ath. comment: Doji on the daily chart but bulls confirmed the breakout. Not much to add after my tl;dr and my weekly outlook. current market cycle: trading range key levels: 19000 - 20000 bull case: Bulls need to keep it above 19300 and poke the bear trend line until it breaks. Next target is 1h close above 19500, followed by 19600/19650. Invalidation is below 19300. bear case: Bears could not close the gap to 19357, which shows weakness. If they get it tomorrow, we will test the next bull trend line around 19250 and bulls better pray that holds or it 19100 or lower again. 1h close above 19500 and most bears will give up until 19600. Not more magic to it. Invalidation is above 19500 (need 1h close above, not another spike and reversal). short term: Bullish for the breakout above 19500 but for now it’s a clear trading range 19350 - 19500, so buy low, sell high and scalp until we clearly go higher. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Selling 19500 was the easiest. Other than that it was a limit order market for small scalps at best.
EUREX:FDXSZ2024Long
by priceactiontds
2024-11-25 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr gold - Neutral. In my weekly outlook I gave the pullback target 2650 and we got 2616. 2600 is the absolut lowest this should go or bulls are in trouble. Best would be to stay above 2620 and then I expect Tuesday or Wednesday another leg up. My target was 2866 but the pullback was much deeper than expected so my upper target is also coming down some. 2800 is still on the table. Will only think about getting bearish below 2540. comment : Will make this quick today. Two paths I think are valid. First one is from my weekly outlook where today was the B from the ABC. C could lead to 2800+. Alternativ is continuation of this triangle for some time. What I don’t see happening is bears breaking below 2500 and continuing down. Bulls would do best to keep this above 2600 and reverse latest from there. Selling is certainly strong enough again to expect more of it. current market cycle: trading range key levels: 2550 - 2800 bull case: Bulls see this as a 50% retracement of the recent climactic buying from last week. If they allow it to retest 2580 or lower, odds rise that we will continue sideways instead of higher above 2730. 2630 is the worst place to trade, given the current structure. So look for longs only on very strong momentum and a second buy signal or near 2560 again. Invalidation is below 2540. bear case : Bears are printing much better bear bars than bulls do bull bars and on increased volume at that. They want a to retest 2540 and maybe 2500. If they can get it, I doubt many bulls would continue to expect 2800 or even higher prices. Interesting day tomorrow to see where we will go from here. Invalidation is above 2720. short term: Neutral. 50% retracement of recent bull leg is 2630, so don’t trade around that price. medium-long term - Update from 2024-11-24: Likely to close 2024 above 2800 but I do think the recent selling was the first hint that we will transition into a trading range soon. current swing trade: None trade of the day: Selling anywhere was good.
COMEX_MINI:MGC1!
by priceactiontds
SasanSeifi| Is the Price Ready for a New Bullish Move?Hey there, ✌ By analyzing the daily chart BINANCE:TONUSDT , it is evident that the price encountered demand around the $4.50 level and, after breaking through the supply zone, rose to approximately $5.50. Following this rise, the price retraced to the broken level, which has now shown a reaction. The outlook remains bullish. It is anticipated that after a consolidation phase, if the price stabilizes above the $5.50 level, it could advance in the medium term toward the $6.15 target and the bearish order block at the $6.50 level. Should the price continue to rise, observing its reaction to maintain this trend will be important. Currently, the $5.00 level serves as a support zone. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
SasanSeifi| Potential Correction or Breakout Ahead?In the long-term chart analysis of BINANCE:LINKUSDT , we observe that the price has entered a corrective phase from the $22 price range. This correction continued following a positive reaction to a major demand level at $7.50, leading to a period of price consolidation within this area. As shown on the chart, after renewed fluctuations, the price faced resistance at a key supply level and the long-term descending trend line, resulting in a bearish reaction. If we observe a sell confirmation in these price zones from lower timeframes and a break below the $10 level with price stabilization beneath it, LINK may correct further towards demand zones at $7.50 and $5. To better understand the ongoing movement, it is crucial to observe how the price reacts to these support levels, as they could serve as pivotal points. Key resistance levels for LINK are positioned between $12.50 and $13. Alternatively, we can consider a bullish scenario. For this to unfold, the price would need to break through the critical supply level. If it consolidates above this level, LINK could move towards targets of $15 and further upwards to $17 and $20. 💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
by SasanSeifi
AGAIN WITH EURNZD, IS THIS A REVERSAL OR A PULL BACK?EURNZD is currently making a channel move on the 1h which indicates a pull back to previous weekly close. now we are looking for price reaction at 1.79500, a double top forming at this zone will indicate the coming in sellers to drive the price lower. this trade can make as much as 1:7. LOOKING for price to for an engulfing candle on the 1h and 4h or a pin bar candle on the 1h and 4h from this price level. 1.79500 is a key levle.
Short
by wizzywise1
SasanSeifi| Will the Price Move Towards $60?Hey there,✌On the daily timeframe BINANCE:METISUSDT , as you can see, the price encountered a correction after reaching the supply zone. After this correction, the price faced an increase in demand around the $35 level and is now trading within the important supply zone at $46. The mid-term analysis suggests that the market trend is more likely to move upwards. If the price successfully breaks through the supply zone and stabilizes above the $48 level, it is expected that the price will move towards higher levels, such as $53. After this move, there might be a negative reaction and the formation of a range zone, followed by a pullback, after which the price could reach higher levels such as $60 and even $66. From a mid-term perspective, if the price reaches the $60 level, observing the price reaction at this level can help us gain a better understanding of the future trend. If we see demand at this level, it is likely that in the long term, the price could reach its long-term target of $75, experiencing significant growth. The short-term support zone for the price is currently between $43 and $40, which can be considered. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
2
SasanSeifi| FIL’s 26% Growth, What’s Next? ☝ Hey there,As mentioned in the previous update, it was highlighted that if the price stabilizes above $0.38, the potential for further growth increases. As you can see, the price has followed the outlined scenario and has experienced a 26% increase from the $0.38 level. 👇 Current Outlook: At present, the outlook for FIL is primarily bullish. In the mid-to-long term, I expect the price to potentially rise to levels of $5.50 and $6. The key support level to maintain this bullish trend is $0.38. If the price falls and stabilizes below this level, alternative scenarios should be considered. 💡 Keep in mind, this is just my personal perspective and shouldn't be considered as financial advice. I’d love to hear your thoughts and engage in a discussion! Happy trading!✌😎 Feel free to reach out if you have any questions or need more clarification. I'm always here to assist!✌ If you want any further adjustments, just let me know!
Long
by SasanSeifi
SasanSeifi| Price to Test $2.50!Hey there, ✌ As observed in the daily timeframe BINANCE:CAKEUSDT , the price has been moving back and forth within the price range of $1.50 to $2.00 for some time. Currently, after the price has once again tested the demand zone around $1.50, we have witnessed a positive reaction and increased demand, which has driven the price upwards. Additionally, the downward trendline has been broken. Given the current market conditions and the overall analysis indicating an increasing market bias towards a bullish trend, it’s likely that we will see significant price growth in the mid-term. In this scenario, if the price can maintain the levels between $1.70 and $1.80, we will likely continue to see upward movement, with the price targeting the next supply zone between $2.10 and $2.20. In this range, we may see a negative reaction, which could lead to a consolidation phase or minor correction. However, after a potential pullback, the bullish trend is expected to resume, with the price targeting higher levels at $2.50, and eventually reaching longer-term targets around $2.80 or even $3.00. To better understand the continuation of the trend, it will be important to see how the price reacts to the mid-term target at $2.50. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
4
SasanSeifi|Polkadot’s Impressive 124% Growth – What’s Next? previous analysis☝ In the daily timeframe, the previous analysis suggested that if DOT's price could hold the $5 to $4.50 range, it would rally towards the $7.50 target after a pullback. As observed in the chart, the price corrected slightly towards the identified zone and, upon maintaining the demand area, experienced an impressive 124% growth, reaching the $10 level. new analysis👇 Currently, in the 3-day timeframe BINANCE:DOTUSDT , the price has risen to $10.50 and is consolidating in lower timeframes. The momentum remains strong in the 3-day chart, with mid- and long-term targets clearly outlined in the image. Potential Scenarios: If demand persists and the previous high at $11.50 is broken, the price may continue its upward momentum towards the $13 target and the supply zone at $14.50. To better understand the ongoing trend, it will be crucial to observe the price's reaction to the supply area. Conversely, if sell signals are confirmed in the lower timeframes near the $9 price zone, the price might undergo a minor correction and pullback towards the $8 and $7.50 support levels before resuming its upward trajectory toward the identified targets. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
#202447 - priceactiontds - weekly update - goldGood Evening and I hope you are well. tl;dr gold futures: I was bullish last Sunday and boi did that pay but now is not the time to buy into this climax. Market is way overdue for a pullback but I would not try to pick the top here. Only longs for me on this but only after we have seen some sideways to down movement. Buying is strong enough to expect a second leg up, which could bring us to 2900. I do think it is highly likely that we close this year above 2800. Quote from last week: comment: Market took 48 days to gain the 10% we now lost in 14. This selling is climactic and thus unsustainable. We will soon see a bigger bounce, if not a complete reversal to 2800 again. On the daily chart it looks nasty but on the weekly chart tis but a scratch. Bears closed all but one open bull gap and technically just retested the breakout price for the previous bull leg. This selling is strong enough to seriously doubt much higher prices than 2800. What I do expect is some bounce and more sideways movement between 2600-2800 before we could test lower prices (2300-2400) next year. For now it’s too early to go long, since market has not found a credible bottom yet but since market has not traded much below the weekly 20ema for a year. Swing longs with stop 2480ish are very reasonable. comment: Market overdid it a bit with the selling and since Monday there are no bears to be found. Measured move up gives us 2866 and if we reach that, 2900 is probably given. You can’t think bearish at all until we reach 2800 again. 5 very strong bull bars closing at the highs. Can’t get any stronger for the bulls. Right now we went from overbought to oversold to overbought. Some pullback is expected and it will likely be a great buying opportunity. current market cycle: Bull trend key levels: 2500 - 2900 bull case: Can you buy the highs at 2700 and hope for a 6th consecutive bullish day? I would not. Only interested in buying this on pullbacks but I due think it’s bullish and nothing else. Will likely close 2024 above 2800 if not 2900. Next target for the bulls is 2750, followed by 2800. Dip can go as low as 2650 but below I would get more cautious. Invalidation is below 2650. bear case: Bears gave up on Monday. No argument for them at all here and I won’t make much up. Can only see more selling pressure coming back around 2800. I expect any pullback to be bought. Invalidation is above 2750. outlook last week: short term: Neutral until bulls claim 2630 again. 2540 just has to hold or if we spike down to 2500 we would have to see huge buying or this will flush down more. Bears are in full control until market trades above the 4h ema again. → Last Sunday we traded 2570 and now we are at 2712. Perfect. Hope you made some or at least did not short the lows. short term: Max bullish if we stay above 2650. 2800 is my expectation and 2900 possible. medium-long term - Update from 2024-11-24: Likely to close 2024 above 2800 but I do think the recent selling was the first hint that we will transition into a trading range soon. current swing trade: None chart update: Added two legged correction (ABC)
COMEX_MINI:MGC1!
by priceactiontds
#202447 - priceactiontds - weekly update - sp500 e-mini futuresGood Evening and I hope you are well. tl;dr sp500 e-mini futures: Bullish. 5 consecutive days where bears tried and bulls closed at the highs. Buy signals do not get better than this. Above 6000 we see 6050 and most likely an acceleration up to new highs. 6100 and 6150 the obvious next targets. Bears need a daily close below 5850 and would still have a bigger bull trend line to break there so the downside is likely limited. Quote from last week: comment: 50% retracement hit and market closed above it on Friday. My preferred path for next week is a huge bull reversal higher. Is this likely after 2 strong bear days? No it’s not, so I have to wait for either side to show a clear new direction or continuation. If this goes to 5800 without me, so be it. I think after such a big rally with follow through buying above 6000, a retracement to 50% is a buy and not a sell. comment : Bullish bias I had, bullish it was. Market looks like it wants up bad. Every dip is bought heavily on increasing volume. Time is now to get above 6100 or we won’t get it at all. Market is beyond overvalued, overbought and the poor late bulls are just arriving. Guess who will be left holding the bags again. current market cycle: Bull trend key levels : 5850 - 6150 (maybe even 6200) bull case: Last hurrah. 6100 is my first target but can absolutely go beyond 6200. Anything below 5800 would be the end of this. I don’t feel the need to explain this further. The chart is crystal clear. I have written about this blow-off top for many weeks. Just don’t forget to take profits before this turns badly. I do think the odds of this closing 2024 below 6000 are low but can absolutely happen. These bullish profits since August are outrageous and once the run for the exits begins, it will be ruthless. Invalidation is below 5800. bear case: Bears gave up on Friday. If they can’t get below 5900 on Monday, we will see a meltup. No bear will come around big time before 6050 and even then I think they will let the bulls show signs of exhaustion before they be aggressive. Invalidation is above 5800. outlook last week: short term: I want to join the bulls again. Need strong confirmation first though. Still no interest in selling as of now. → Last Sunday we traded 5896 and now we are at 5987. Perfect outlook. Hope you made some. short term: Bullish all the way. If market closes below 5900 I would turn neutral and daily close below 5800 would probably be the end of my bullish thesis and I turn bear. medium-long term - Update from 2024-11-24: 6100+ are my last targets for the bulls before this bubble begins to pop or at least deflate. current swing trade: None chart update: Added potential bullish 5-wave series.
CME_MINI:MES1!Long
by priceactiontds
#202447 - priceactiontds - weekly update - dax Good Evening and I hope you are well. tl;dr dax xetra: Bullish if we get above 19400 and have a daily close there on Monday. Neutral otherwise. Bullish bias was correct last week and bulls broke above the bear trend line. They have made higher highs and lows and are in control again. I have many blow-off top targets above for all markets and if bulls get follow through next week, chances are very good that we reach them before we see a bigger correction. Bears can only hope to keep it below 19400 or we see 19500 soon. Below 18800 I don’t think bulls can reverse this again and we would drop down to 18500. Quote from last week: comment : Another week where I can’t make up new stuff. Bears dipped below 19000 and again but could not close below it even once. Market is in balance around 19200-19300 and until we have a daily close below 19000 or above 19400, we will continue to oscillate around that range. It’s maybe slightly more bearish because we have closed 4 consecutive days below the daily 20ema. comment : Thursday and Friday changed the character of the market. Bulls broke above the bear trend line and closed both days at the highs. Next target is the last bear trend line around 19430 before we can retest 19600+. Can only be bullish after past 2 days. Bears can only change my mind if they can close below 19100 again. For now I think many bears gave up and try again around 19500/19600. Is this structure very bullish? Absolutely not. I just think a retest of 19600+ is more likely than a close below 19100. The market spend enough time ins this trading range that the next push above could be the last before we correct in a bigger fashion. After this push up, I would not look for bullish targets until we have seen 18000. Market is overdue for a correction. We will see at least 16000 in 2025. current market cycle: trading range key levels: 18800 - 20000 bull case: Bulls next target is 19400+ before retest of ath. My most outrageous bullish target is still 20000 and everything is aligned to get there. If bulls can’t get it now, they probably wont get it for years. Invalidation is a daily close below 19000. bear case: Not much for the bears until they close below 19100 again. They tried for more than two weeks with going nowhere and now market tries the other direction again. I expect more bears to come around at 19600 and if they won’t hold, 20000. Most likely outcome is a continuation of the trading range 18800 - 19600. Invalidation is above 19600. outlook last week: short term: Neutral 19000 - 19300, bullish above for 19600 or higher. Daily close below 19000 is worst case for bulls because there is no more support until 18200. → Last Sunday we traded 19210 and now we are at 19322 . 90 points on the week. Who told you it’s neutral inside given range? You are goddamn right. short term: Very bullish above 19400 and even more above 19600. Below 19100 we are absolutely neutral once again. Hell below 18800. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all for now. The current push is most likely the last of it. Bears will come back soon. current swing trade : None chart update: Bull flag still valid but potential bullish 5-wave series added for 20k.
XETR:DAXLong
by priceactiontds