The only way I would change my mind on this would be a break of 76.5k. Other than that.. Enjoy the ride my fellow Apes
BTC has been consolidating around the $90 - $100k price now for 20 days or so, the weekly time frames are clearly showing price slumping as liquidity and volume slows down due to traders liquidating positions and capitalising at the $100k mark. I do believe people are still buying BTC and there will be LOTS of fomo buyers at this price, but usually this is where the markets catch those who are to late to the party and they are the ones who are stung when price dumps. There is some TA to back a potential dump, we have the slumping of price clearly shown by the candle formations, rejections of major key levels ($100K) as well as some patterns like a rising wedge / rising consolidation however i'm not much of a pattern trader but it is worth taking into consideration as i know a lot of retail traders do trade patterns so this could influence areas of liquidity and help predict future market movements. It's likely we see a spike through $100k before price dumps to grab liquidity above the $100k mark. I'm fully expecting a volatile and highly manipulated market as it plays out over the next few days. If price does dump i would think it will dump to the $72,000 level (-%30) as this is the next major level so again there will be a lot of liquidity in the form of buy orders from traders expecting to 'buy the dip'. It also makes sense for the market to pull back / dump this much as we hade a massive bull market / pump for 3 weeks and there is always relief after a big increase in price simply due to profits being taken so supply will increase. Be wary, if BTC does dump so will 90& of alts.
hello my fellow traders, share your opinion about this chart. current price: 101500 from this position a strong drop is expected as market has rejected today the 102600 twice and has created a strong bearish trend. before hitting a new high market will drop a little which it will use as a backup and support to go further high. if btc price drops now from 101500 then its next target will be 99000. please like comment and thsnks for support
TLDR: BOOM!!! Volume Point of Control (VPOC) is critical to watch as well VPOC tracks the major waves in the wave cycle and will sit between major waves VPOC and where it sits in relation to price, like VWAP, helps us track the progression of waves Next move will take us to the 35-40 region Price will then retrace back to the 28 region which is where we will see an EXPLOSION IN PRICE That move back to 28 will be your last time, maybe ever, to get GME at anything near these levels The next move after the retracement to 28 takes us to 70 After 70 comes CHEERS EVERYBODY!!!
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.26450 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.26450 support and resistance area. Trade safe, Joe.
+ Possible overextended Wave 5 count now? Trading within Wave (3) of Wave V impulse. Any major peaks in RENDER have extended as high as the following fib extensions... The target is the peaks of the parallel channel, confluence with the fib extensions targets: - 1.414 - 1.618 Last Rally for Cycle Wave V (five) topping around Nov/Dec 2025 being a blow off top.
Recapping the close yesterday and watching for this 4hr cypher on USDCHF into next week. Looking for a possible double top or failed retest before a move lower if this is to play out. As long as the X point is not violated this could be a nice move to the downside.
Here we have 2 fractals. XRPUSD and BTCUSD in the total 2016-2017 bull rally. I feel that in the bigger picture, im wondering can the market sustain even for a moment a $200 XRP? What would that look like? what would have to happen? The only way that much money could flood into XRP that quickly is (A) RIPPLE lawsuit ends, and (B) the trump administration endorses and/or issues the new CBDC on XRPL.
Located at the lower edge of the ascending channel, having formed a box, there is potential for growth to $1.5-2
CRYPTOCAP:XRP USDT Long Setup: Pattern: XRP has broken out of a descending channel, signaling potential bullish momentum. The breakout suggests a move toward higher resistance levels, with a strong target based on the measured move. Entry Range: Current price ($2.4010), with accumulation possible in the $2.3500 to $2.4500 range. Targets: T1: $2.5477 T2: $3.0000 T3: $4.0000 Stop Loss (SL): For risk management, place a stop loss below the breakout level and recent support at $2.2000.