FTM is dipping alongside the rest of the market. As a momentum trader, I focus on momentum shifts in the market. The 4h is almost oversold however much more needs to convince me that this dip is over. Bitcoin is not giving me a signal of support yet either. Be patient and accumulate slowly and get more aggressive as the confirmations of support come.
Good demand areas for stocks, expected reaction to exceed 25 areas
https://www.tradingview.com/chart/BTCUSDT/Xhyf5dNh-BTC-Is-the-bull-run-over/ https://www.tradingview.com/x/YgboMhgs/ In my latest post I mentioned that we might visit 93-95k. Sadly for alt coins that resulted in a massive bloodbath, but fear not, it is a healthy pullback meant to clear leverage, that will fuel the next move on #BTC What's next for BINANCE:BTCUSDT ? 1. After the reaction swing high to 102k price now retraced into the 0.618 zone 2. It also fits perfectly on the fib time zone, and as we've seen in the past, it signalled almost perfectly the reversal in the trend 3. Given the massive sell-off from alts, I believe now it has enough strength to move to the extension zone which is around 108k 4. Based on the impulse we should know if it's just a manipulation or it will continue to go higher Personally I think we should see another sweep from 108k to 90-95k, and only afterwards we can continue higher to 120k What are your thoughts?
From Euphoria to Despair: Bitcoin's Path Forward! Bitcoin prices pushed above the 100K mark, sparking euphoria across the world. However, that excitement quickly turned into despair as the euphoria marked a local top in prices. Yesterday, significant gains in altcoins were wiped out. The reason is simple: the returns in altcoins have been phenomenal, and investors are eager to book profits. Additionally, funding fees were through the roof but have since come down sharply. Yesterday, we also saw liquidations of roughly $1.5 billion, according to data from Coinglass. Looking at Bitcoin prices today, the type of decline we saw on December 5 - roughly 11.64% from the all-time high - is normal. My main scenario now is for prices to remain sideways for a few more days before potentially pushing to the upside. The biggest issue, however, is the massive divergence on the RSI, as seen in the chart below. This divergence suggests we could experience a steeper slide in Bitcoin prices, especially since Bitcoin has not yet faced the larger blowouts seen in altcoins. With that in mind, I see three possible scenarios. The first is consolidation followed by a bullish breakout, which would be my preferred outcome. The second scenario involves being bullish around the $93,000 - $90,700 range. If that level doesn't hold, we could potentially see a larger slide toward $85,000, representing an 18% decline from the all-time high. Around that level, or possibly as low as $80,000, we are likely to see strong buying interest as traders look to "buy the dip" before pushing prices back to the upside.
Support and Resistance areas based on volume profile simplified for visuals
More shorts 2695..Red day tomorrow.. Tp 2652..2624... Good luck and safe trade
Corrections of up to 20% to 30% seen in short time frames before #altseason serve as fuel for the forward parabolic run for #altcoins and are very healthy! Please try to stay away from futures trading and panic selling!
Golden cross on daily looking like we should make some higher prices. Break of 118.67 will see volume increase target 123. Weekly cup and handle forming and breakout with goal 150
CPI will be an important event tomorrow an hour before open. I believe the most important thing will be the reaction of the fed fund futures. Currently the target rate is sitting at 4.64 and the market is pricing in an 86% chance of that rate moving down to between 4.25-4.50. As long as this expectation remains, I think we'll have a bullish to flat end to the week. Downside would come if rate cut expectations changed due to an unexpected report. That would be a major shift right before the fed meeting so that seems unlikely, but it will be important to watch.
Some simple bullish targets (yellow) for Tesla, conditioned upon remaining above the white neckline and getting and holding above the red one. Simple bearish targets (orange) are conditioned upon losing the white neckline, and then dropping and losing the green one. Nearer term bear targets could also simply be the white line, the green line, or the area of the weekly high and low of the last weekly low above the green line