BTC.D is showing a double top pattern, indicating a potential reversal and bearish reaction. At 57%, we are no longer in altseason. Let’s see if this bearish pattern and divergence play out.
Very bullish chart. Within the chart are noted explanations to the best of my current abilities. Thanks to RonnieV29 that I follow here. One could sell 17Jan or 24Feb Puts in the $15-$17.50 range as a way to enter. Go trading view and community! Not financial advice.
Potentially how this bull run could play out. Personally, I'm more bullish on Chainlink, but I think this is a reasonable pathway to temper expectations. If it breaks above, all bets are off.
while BTC keep creating new ATH, ETH is still trying hard to break above MARCH 2024 resistance. once clear above $4090 , (best if can stay above $4100)... we will see ETH test 2021 all time high @ $4800. ETH breakout will come in surprise
"? Is a Bitcoin crash on the horizon? In this video, we dive deep into the recent rally and analyze historical patterns that suggest a potential downturn. #bitcoincrash Pls check the video fully In my youtube channel @commoditystockmarket in youtube Why Bitcoin Rallied: Discover how the flag pattern breakout led to the recent surge in Bitcoin's price. Historical Patterns: Learn about the repeating patterns in Bitcoin's chart history: Every even-numbered high couldn't break the previous high and led to a crash. The time taken to break the 1st and 3rd monthly highs was identical. Significant crashes followed the 2nd and 4th monthly highs. If the pattern repeats, Bitcoin could drop from $130K to $39K. RSI Divergence: Understand the current RSI divergence and its implications for Bitcoin's future. ? Will history repeat itself? ⚠️ Disclaimer: This is for analysis & educational purposes only. Always consult with your financial advisor before making any investment decisions.
https://www.tradingview.com/x/len2uWkk/ ### Current Price: 2658.00 #### Our Preference - Short Positions: We favor opening short positions below the resistance level of 2665.00. - Targets: Watch for potential targets at 2643.00 and subsequently at 2635.00 for extended moves. #### Alternative Scenario - Bullish Outlook: If the price moves above 2665.00, we may see further upside potential. - Targets for Upside Movement: Key levels to watch include 2674.00 and 2689.00. #### Comments - As long as the price remains below 2665.00, we anticipate a choppy price action with a bearish bias. Traders should remain cautious and reactive to the price movements around this key level. ### Key Support and Resistance Levels - Resistance Levels: - 2689.00 - 2674.00 - 2665.00 - Support Levels: - 2656.00 (Last Price) - 2643.00 - 2635.00 - 2613.00 ### Technical Patterns - Bearish Pennant: Monitor for a potential breakdown of the one-hour bearish pennant. If this pattern breaks to the downside, we could see the price target the 2635.00 to 2613.00 area. - Bullish Confirmation: Conversely, if the price closes above 2666.00 on an hourly candle, it may suggest that gold could rally, with targets set at 2687.00 and 2691.00. ### Conclusion In summary, keep a close eye on the dynamics around 2665.00. The next moves will heavily depend on how the market reacts to this resistance level. Depending on whether the bearish pennant breaks down or if we see a strong close above 2666.00, traders should be prepared for swift price action in both directions. Trade Wisely!
I am looking for a short term sell.. price will go deep down tomorrow and bounce back.. I am looking for a long term buy opportunity tomorrow after the interest rate decision
Total3 has a potential increase of 58% at minimum. This means the altcoins that have not yet increased by 200% to 300% will soon do so. We still have some fuel left! Merry Christmas!
Analysis Overview: I am analyzing the EUR/USD pair across the 1-hour and 15-minute timeframes for a potential bearish reversal setup. The primary focus is on identifying bearish divergence between price and the RSI. Key Observations: 1-Hour Chart (H1): The price is currently approaching a key resistance zone around 1.0540 - 1.0573, as indicated by previous highs. I am observing that while the price continues to climb, the RSI is nearing overbought levels, which often signals exhaustion. 15-Minute Chart (M15): I am monitoring for a possible RSI double top while the price continues to make higher highs. If the RSI fails to break above its previous peak, this could confirm a bearish divergence and signal a potential change in price direction. Trading Plan: Confirmation Trigger: I will wait for the RSI to form a clear double top pattern on the M15 chart, while the price continues to push higher, creating divergence. Entry: A bearish signal will confirm entry near the resistance zone (1.0540 - 1.0573). Stop Loss: Above the resistance zone at 1.0573. Take Profit: Targeting the next support area around 1.0485. The setup focuses on bearish divergence between the RSI and price action. If the RSI confirms a double top while price reaches resistance, this would strengthen the case for a reversal and a potential short trade. Monitoring the M15 chart for confirmation will ensure precision in entry timing.
Using Elliott Wave Theory, it looks like XRP could be entering Wave 3, which is often the most explosive move. If this plays out, Wave 3 might take us to the 1.618 golden pocket region. What are your thoughts?