Conservative targets based on Fib 4.236 of wave III of V and wave 2 of 5 lead to $7 and $13, respectively. These targets are part of wave 3 of 5 and the V wave.
In the last few days, after achieving a new all-time high of $108,000, Bitcoin has experienced a massive dump, liquidating many retail traders using leverage. This market downturn was caused by several factors. First, Bitcoin was severely overbought and overdue for a correction. Second, Jerome Powell added to the market uncertainty by making strong anti-Bitcoin statements, dashing hopes of the U.S. adding BTC to its Federal Reserve reserves. As a result, the market saw a steep fall, with major altcoins such as SOL and DOGE dropping over 30%. The Main Question: What’s Next? Bitcoin is unlikely to go up from here in the immediate term. Instead, it may be better to position for a short targeting the $90-91K range. The market might remain bearish over the Christmas holidays, giving “holiday discount” vibes. It’s not a good idea to buy Bitcoin with leverage at this moment. Waiting until next Monday to reevaluate might be a safer option. Technical Analysis: As highlighted, Bitcoin has broken out of an ascending channel and dropped significantly. One of the key technical reasons for this is the overbought RSI. Major resistance is currently around $99.7K , while key support lies between $89.5K and $87.5K . A break below these levels could indicate a strong move in either direction. The most liquidity is around $92.2K , where Bitcoin is likely to gravitate before making an upward move. Additionally, RSI has hit a support level, which increases the possibility of a bounce from here. Outlook: After the holidays and once Bitcoin sweeps the lower liquidity levels, we could see an excellent buying opportunity . There is potential for BTC to reach $118K by the end of January . Moreover, Donald Trump’s inauguration could act as a catalyst to drive Bitcoin’s price higher once again.
? Get Ready for the Next Big Move with QKCUSDT! ? ? Market Overview: QKCUSDT is showing strong bullish potential on the D1 timeframe, presenting an excellent opportunity for short-term gains. ? Trade Plan: ? Entry: $0.009 - $0.011 – Key range for accumulation before the breakout. ? Target: x2 – Aiming for a solid 100% profit. ⏳ Hold Time: 1 week – Perfect for short-term traders looking to capitalize on momentum. ? Strategy Insights: My custom tool RainBow MG3 highlights a high-probability breakout in the upcoming D1 cycle. Market indicators suggest a favorable risk-to-reward ratio with strong volume trends. ? Next Steps: ? Reach out if you need further support or strategy advice! ? Note: This is not financial advice. Always DYOR before making any trading decisions. ? QKCUSDT is ready to surge – Are you positioned to ride the wave? ?
Alright, let’s break this down because what we’re seeing here is no ordinary chart—this is the battleground where smart money and retail traders collide, and the story it’s telling is absolutely fascinating. First, look at the Pi Cycle Moving Average. This isn’t just any moving average—it’s a dynamic gauge of momentum, and right now, it’s sloping downward. Bears might think they’re in control, but here’s the catch: this MA has been tested repeatedly, and when it flips, it has the potential to spark a significant trend reversal. So, it’s not just a line—it’s the pulse of the market. Now, the Smart Money True Value Line. This green line isn’t some random support. This is where the big players, the whales, the institutions—whatever you want to call them—step in. It’s their hunting ground. When price hovers near this zone, it’s not just a coincidence. It’s where the market pauses, recalibrates, and potentially rebounds. Smart money doesn’t play the same game as retail—they’re the architects of these moves. And what about the VWAP? The 1-Day VWAP is sitting above the current price. What does that mean? It means the market is undervalued compared to where volume-weighted price action expects it to be. It’s like gravity pulling the price upward, creating the perfect setup for a mean reversion. Now, here’s where it gets interesting—the squeeze. See those yellow "+" symbols at the bottom? That’s a volatility squeeze, my friend. The market’s tightening, pressure’s building, and this is where breakouts are born. It’s like a coiled spring just waiting to release its energy. And considering all the factors on this chart, that energy seems primed for an upward explosion. But let’s talk about the manipulation, shall we? Look at that $95,631 level—the stop-loss zone for short positions. This is where retail traders were baited into a trap. Whales engineered this move to trigger stop losses, creating a cascade of selling below that level. And what did they do? They quietly scooped up liquidity, leaving retail traders scrambling while they prepared for the next big move. This isn’t speculation—it’s how the game is played. And those ATR Shark Fins? These are the finishing touch. Every time you see these fins at the bottom of the trend, they’re screaming, ‘Pullback incoming!’ It’s like the market’s way of saying it’s overextended, exhausted, and ready for a reversal. And here they are again, flashing at us like a signal in the dark. So, what’s the verdict? While the bullish arrow is gone, the pieces are still in place. The Smart Money True Value Line, the squeeze, and the manipulation beneath $95,631 all point to one thing: an upward move is brewing. But—and here’s the kicker—we need confirmation. The market loves to keep us guessing, so until we see price action reclaim critical levels, we stay sharp, we stay ready, and we don’t jump the gun. This chart isn’t just data; it’s a story of psychology, manipulation, and opportunity. The question is—are you paying attention? When going long, it's crucial to recognize that upward price movements are likely to face a reversal. This is due to USDT.D manipulation, as seen on the weekly timeframe. I've detailed this setup in my idea titled 'The Institutional Ambush,' which highlights how these patterns are orchestrated by institutional forces. Always trade with caution and awareness of the bigger picture.
Hi traders. Silver takes revenge. I expect a correction to the IFVG\FVG Day TF zone.
The market is currently testing the current Daily 0.5Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern via price action. We could see SELLERS coming in strong should the current level hold. Disclaimer: Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account. High-Risk Warning Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
First price target for January is $90 and it could happen soon. Be careful as spike downs tend to have a lower low formed prior to reversal, this would create bullish divergence on RSI, MACD and more which is another to double down. Options chain for calls expiring 1/10/2025 show the $90 strike has 1,522 calls bought on Friday at .87 per contract. Not huge, bot overall the bias on NVO is buy the dip. long term target of well over 100
I spend time researching and finding the best entries and setups, so make sure to boost and follow for more. DogWiFiHat ( KUCOIN:WIFUSDT ): Long-Term Bullish Setup for a Multi-Month Hold Trade Setup: - Entry Price: $2.0682 (Activated) - Stop-Loss: $0.2580 - Take-Profit Targets: - TP1: $5.6605 - TP2: $10.2864 Fundamental Analysis: DogWiFiHat ( KUCOIN:WIFUSDT ) is an innovative cryptocurrency project aimed at merging decentralized connectivity solutions with meme-inspired community engagement. With its growing adoption and strategic partnerships in the tech sector, $ KUCOIN:WIFUSDT is creating a niche within the blockchain space. The anticipated market bullishness by May adds further potential for a strong rally. Recent community-driven campaigns and developments in the ecosystem are expected to enhance its visibility and attract more long-term investors. Technical Analysis (Daily Timeframe): - Current Price: $2.0820 - Moving Averages: - 50-Day SMA: $1.8000 - 200-Day SMA: $1.5000 - Relative Strength Index (RSI): Currently at 63, indicating bullish momentum. - Support and Resistance Levels: - Support: $1.9000 - Resistance: $2.5000 KUCOIN:WIFUSDT has broken out of a consolidation phase, supported by strong buying volume. A confirmed breakout above $2.50 will likely drive the price toward TP1 and eventually TP2 as the market enters a more bullish phase. Market Sentiment: DogWiFiHat is riding the wave of increasing interest in meme-inspired cryptocurrencies with real-world use cases. With the broader market sentiment turning positive, KUCOIN:WIFUSDT is poised for significant upside potential. Risk Management: The stop-loss at $0.2580 provides strong downside protection, while the take-profit targets offer excellent reward potential. TP1 represents a 173% return, with TP2 providing a potential 397% gain for long-term holders. Key Takeaways: - KUCOIN:WIFUSDT combines meme culture with real-world utility, making it a unique play in the crypto space. - The trade setup offers significant upside potential, aligning with market-wide bullish expectations through May. - Strict adherence to stop-loss and take-profit levels is crucial for managing risk. When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All! *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
? ?Mon Dec 23 ⏰10:00am CB Consumer Confidence ?Tue Dec 24 ⏰8:30am Core Durable Goods Orders m/m Durable Goods Orders m/m ⏰10:00am New Home Sales Richmond Manufacturing Index ?Thu Dec 26 ⏰8:30am Unemployment Claims 11:00am Crude Oil Inventories #trading #stock #stockmarket #today #daytrading #swingtrading #charting
Bitcoin (BTCUSDT) has broken a key daily uptrend line, leading to a significant price drop and a subsequent retest of the broken trendline as resistance. This analysis examines the implications of this price action. Technical Analysis: Trendline Break : A well-defined uptrend line on the daily chart has been broken. This break signals a potential shift in market sentiment from bullish to bearish. Trendlines act as dynamic support levels during uptrends. When broken, they often become resistance. Support Turns Resistance : Following the break, BTC dropped to approximately $92,330 before bouncing back up. This bounce retested the broken trendline, which now acted as resistance around $99,550. The fact that the price was rejected at this level confirms the strength of this newly formed resistance. This phenomenon of support turning into resistance is a common occurrence in technical analysis. Current Price Action : BTC is currently trading around $95,000. The failure to reclaim the broken trendline suggests continued bearish pressure. Trading Considerations: Potential Downside : If the current bearish momentum continues, further downside is possible. Traders should watch for potential support levels below the current price. Invalidation : A break back above the $99,550 level (the broken trendline/resistance) would invalidate the current bearish scenario and suggest a possible resumption of the uptrend. Risk Management : As always, it's crucial to use appropriate risk management techniques, such as stop-loss orders, to protect capital. Remember : Do your own research before entering any trade. This analysis provides insights based on the provided information, not financial advice. Trading involves risk, and you could lose money.