Trend Lines
Correction or no correction?Since the end of 2017, the Bitcoin has been moving in a healthy channel up to this day, touching the upper trendline of the channel twice as often as the lower one, while nicely reacting to the Fibonacci levels of the channel. Currently, it is still moving within this practically all-time bullish channel. However, as a result of the Trump-jump, it has now reached the upper trendline of the channel for the fourth time.
It is very important to understand that this channel is essentially BTC’s main channel of all time. While the breakout prediction for this bullish channel would theoretically be bearish, such an event would be, to put it mildly, an epic occurrence in BTC's history. We've seen similar moves in BTC's past—for example, the cup and handle formation, which developed over three years, with the “handle” portion essentially formed throughout most of 2024. Similarly, a characteristic of this main channel was the double top structure in 2021, which established the lower boundary of the channel and had notable head and shoulders formations at its peaks.
Why is all this important for the period ahead?
As I mentioned, we are currently rebounding from the upper line of the main channel since December 2024. By now, everyone has come across the dreaded "correction expectation." And not without reason. The question is whether the current movement is a normal small-structured channel movement or part of the almost expected correction? Perhaps both at the same time. It’s well-known that movements within larger channel structures also exhibit fractal-like channel behavior—smaller channels of various directions form complex larger channels.
On BTC's higher timeframe chart, it’s evident that we reached the upper line of the main channel within another channel, the parent structure of which was the channel lasting from March to November 2024, from which BTC broke out healthily. Currently, BTC is moving within this smaller channel and seems to be heading toward its lower trendline, approximately below the 90,000 level. Things become interesting when this lower line is reached since this subchannel is also a bullish channel with a 78% bearish breakout projection. Should BTC break out from this, we would be witnessing a long-overdue correction in BTC's history, with the Fibonacci levels of the main channel determining the extent of the correction.
Considering the history of the main channel in terms of Fibonacci levels, there’s no guarantee that the 61.8% level or the median will hold. I won't put more energy into this scenario—let’s bite our nails when it happens. 😊
More likely scenario:
In my opinion, a more probable and fundamentally sound scenario is that BTC remains in the subchannel. With January 19 approaching, it could head toward both the lower line and the upper line of the main channel, targeting the 110,000 level.
Either way, we’re in for an exciting January! For those getting too anxious, remember the words of Virginia Viadura: "Don’t worry kid, they’ll store it!"
WIF/USDT: DOUBLE TARGET SETUP - 160% POTENTIAL MOONSHOT
Technical Analysis:
- Current price: 1.917 USDT
- Strong support level forming at trendline confluence
- Significant volume spike indicating potential reversal
Entry Strategy:
✅ Strategic Entry: 1.500 USDT
- Key historical support zone
- Trendline support confluence
- Oversold conditions on multiple timeframes
Target Projections:
🎯 Target 1: 2.930 USDT (95% ROI)
- Major resistance level
- Previous market structure
- Key psychological level
🎯 Target 2: 3.918 USDT (161% ROI)
- All-time high retest zone
- Major fibonacci extension level
- Huge potential reward zone
Risk Management (CRITICAL):
⚠️ Stop Loss: -5% below entry
- Clear invalidation point
- Protected by major support
- 1:19 and 1:32 Risk-Reward ratios
Key Catalysts:
- Major trend line support holding since August
- Volume profile suggesting accumulation
- Multiple timeframe alignment
- Clear market structure for upside
Trading Plan: 🚨
1. Scale in near 1.500 USDT
2. First take-profit at 2.930 (50% position)
3. Trail stops after first target
4. Hold remainder for moonshot target
⚠️ Important Notes:
- High-conviction multi-target setup
- Patience required for entry
- Volume confirmation essential
- Scale-in approach recommended
🔔 Remember:
- DYOR (Do Your Own Research)
- Never risk more than you can afford
- Set proper position sizes
- Follow your trading plan
#Crypto #WIF #TechnicalAnalysis #SpotTrading #CryptoGems #MoonShot 🚀
Would you like me to break down any specific aspect of this analysis further?
POV : BLUESTARCO : Fractal BreakoutPOV : BLUESTARCO : Fractal Breakout
Chart Reading:
1. Price was stuck in 17 sessions of the 7th November day's Range.
2. Daily and Weekly Trends and Momentum are bullish.
3. Previous 2 Fractals (Double Top) breakout
For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions.
#NiVYAMi
#Ethereum $ETHUSD One year analysis.CRYPTO:ETHUSD Key Levels:
1. 4500 = Nearest major supply & 12 month target.
2. 4105 = Last year's high.
3. 2700 = Closest majot demand.
Analysis:
CRYPTO:ETHUSD is currently trading slightly below the 2024 high of approximately $4105. This level has broken above March's high around $4090, therefore it is no longer valid and must be cleared for ETH to reach a new all time high above the upper channel wedge.
The current uptrend appears to be losing momentum. For a resumption of the bullish trend, a period of price consolidation near the lower wedge of the current channel, around the $2700 demand zone, may be required to gather momentum.
Conclusion, A retest of the $2700 level may provide a very favorable buying opportunity.
#AhmedMesbah #Ethereum #ETH #ETHUSD #ETHANALYSIS #CRYPTO #CRYPTOCURRENCY #ETHCOIN #SUPPLYANDDEMAND
#PEPE $PEPEUSD Is seaking demand.CRYPTO:PEPEUSD Key levels:
0.00021600 = Nearest Weekly/Daily Supply
0.000014900 = Nearest Demand / Breakout level
0.000010100 = Channel lower wedge last buying level "Below this the coin turns bearish"
CRYPTO:PEPEUSD
Is currently seeking demand after the price has tested the recent nearest supply around 0.00021600.
Price is determined to test the nearest demand around 0.00014900. A daily close below this level is unlocking a new zone that extends until the lower channel wedge around 0.000010100.
The coin is abuy as long as it is trading above 0.000010100. Any daily/monthly close below this level is bearish.
#AHMEDMESBAH #CRYPTOCOIN #PEPE #PEPEUSD #ETHEREUM #MEMECOIN #MEME #SUPPLYANDDEMAND #CRYPTOCURRENCY
MillerKnoll Inc. Stock Quote | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# MillerKnoll Inc. Stock Quote
- Double Formation
* 30.00 USD | Area Of Value | Subdivision 1
* (Neckline) | Pattern Configuration At 25.00 USD
- Triple Formation
* (Flag Structure) Continuation | Subdivision 2
* Retracement Numbered | Short Condition | Subdivision 3
* Daily Time Frame | Trend Settings Indication
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
FIS - Triple Bottom Formation with Massive Targets |1H- 1W VIEWTECHNICAL ANALYSIS: 🎯
Pattern Structure:
- Price: $0.4667 (-2.24%)
- Timeframe: Weekly (1W)
- Clear triple bottom formation (2022-2024)
- Strong horizontal support: $0.42
Major Price Targets:
TP1: $1.2867 (344.08% potential)
TP2: $2.3459 (501.44% potential)
Technical Insights:
- Triple bottom pattern confirmed with three tests of $0.42 support
- Multiple touches of resistance at $0.90-1.00 zone
- Clear bullish divergence on weekly timeframe
- Moving averages showing potential golden cross setup
THIS 1H CHART VIEW
Key Levels:
▪️ Major Support: $0.42 (Must Hold)
▪️ Immediate Resistance: $0.90
▪️ Breakout Level: $1.00
Risk Management:
- Entry Zone: $0.45-0.48
- Stop Loss: Below $0.40 (Weekly close)
- Risk:Reward ratio
• To TP1: 1:15
• To TP2: 1:25
Timeframe: Weekly
Bias: Strong Bullish on Break
Pattern: Triple Bottom / Accumulation
Note: Such high targets require patience and proper position sizing. This is a long-term setup. Not financial advice.
#FIS #Crypto #TechnicalAnalysis #Binance
Key Observation: Pattern suggests massive accumulation phase since 2022, with potential for significant upside movement on volume confirmation.