If you want to buy Now is a good time to buy! buy 86K TP1 90K TP2 91K TP3 92K. . .
XYO has retraced to a critical support zone between $0.012 and $0.014, a level that has proven to be a key structural point in previous cycles. This pullback comes amid broader market consolidation, aligning with Bitcoin’s retest of a historically significant support level—an event that many view as a prime re-entry opportunity in a bullish macro environment. Technically, XYO remains in an uptrend, with price action currently testing the 200-day EMA, a crucial dynamic support. The RSI around 42 suggests the market is cooling off after recent volatility, positioning XYO for a potential rebound should buying momentum return. A successful defense of this range could trigger the next leg up, with $0.0184 as the key breakout level. If this resistance is cleared with volume, a move toward $0.0227 and beyond becomes increasingly probable. The overall market structure suggests accumulation rather than a breakdown, reinforcing a bullish bias as long as support holds. A deeper correction remains a possibility if Bitcoin faces unexpected volatility, but given the strong technical confluence at current levels, downside risk appears limited. For investors eyeing mid-term opportunities, this zone represents a compelling accumulation area, provided confirmation signals emerge in the coming sessions. As XYO continues to develop within the DePIN ecosystem, its fundamental and technical outlook remains strong, positioning it well for the next market expansion phase.
CSE:AIC is testing the red resistance zone ?. ✅ If breakout is successful, the first target is the green line level ?.
My latest posts on ETH was to see a falling wedge breakout to the upside when price was trading around $3.5k At the same time I was shorting the pivot points inside the wedge Chart patterns are fine to use here and there but in all realness Market Cycles overpower when using true price action analysis. I had a hunch price would fall lower at the time but was trying to force a bullish bias which is bad, and could have let the positions run for longer. Now that we're at a major support level I would like to see some type of accumulation pattern/consolidation before we make a call for $3k Market Horizon: Looking to see a market-wide bounce in the months of April, possible pullback/selloff in May. For now we wait?♂️
Disclaimer; The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other advice, and you should not treat any of the website’s content as such. We do not recommend buying, selling, or holding any stock. Nothing on this website should be taken as an offer to buy, sell or hold a stock. Conduct your due diligence and consult your financial advisor before making investment decisions. I do not accept any responsibility and will not be liable for the investment decisions you make based on the information provided on the website.
As you can see, in the previous Correction of Bitcoin, Bitcoin dropped by about $25,000 and then experienced a potential growth. Now, the price has fallen by about $25,000 from its all-time high (ATH) until now. If we consider the previous correction of Bitcoin, this could be a very strong signal for an increase in Bitcoin's price. What do you think about it ? _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Give me some energy !! ✅Thank you, and for more ideas, hit ❤️Like❤️ and ?Follow?! ❗Disclaimer ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Best regards CobraVanguard.?
ICLN could get a bounce in short term from buyers at 11 dollar mark. Longer term trend suggests some more pain for ICLN. However, ICLN's starting to looking oversold on RSI. Keeping an eye on this. Interested in adding a long when/if price action enters green channel.
The primary stock market index in Germany is undergoing a correction, mirroring the recent downturn in US markets. After rebounding from the critical 38% Fibonacci retracement level, it struggles to generate upward momentum, with the price remaining below the immediate support at the 23% Fibonacci level. The Relative Strength Index (RSI) has yet to signal an extremely oversold condition, suggesting that further downside movement remains likely. Given this technical setup, we anticipate an additional decline toward the 50% Fibonacci retracement, coinciding with the key support region around 22,000. This level presents an optimal entry point for our long positions, allowing us to limit potential drawdowns while improving our risk-to-reward ratio. To manage risk effectively, we will maintain our stop-loss (SL) at a standard distance of 1.5% from the entry price. For profit-taking, we aim for a target just below the previous high, around 22,800, ensuring a well-balanced trade setup.
? What are Bollinger Bands? Bollinger Bands are a popular technical analysis tool developed by John Bollinger in the early 1980s. They help traders analyze price volatility and potential price levels for buying or selling. The indicator consists of three lines plotted over a price chart: Middle Band: A simple moving average (SMA), typically set to a 20-period average. Upper Band: The middle band plus two standard deviations. Lower Band: The middle band minus two standard deviations. https://www.tradingview.com/x/G8IBZck5/ ? How Are Bollinger Bands Calculated? Middle Band (MB): MB = 20-period SMA of the closing price. Upper Band (UB): UB = MB + (2 × standard deviation of the last 20 periods). Lower Band (LB): LB = MB - (2 × standard deviation of the last 20 periods). The bands expand when volatility increases and contract when volatility decreases. length = 20 basis = ta.sma(src, length) dev = mult * ta.stdev(src, length) upper = basis + dev lower = basis - dev ? How to Use Bollinger Bands in Trading Bollinger Bands provide insights into market volatility and potential price reversals. Traders often use them to: Identify overbought (price near the upper band) and oversold (price near the lower band) conditions. https://www.tradingview.com/x/enFu0jut/ Spot volatility contractions, which often precede significant price moves. https://www.tradingview.com/x/Ez5FMlvH/ Confirm trend strength and potential reversals. https://www.tradingview.com/x/suGlPZk3/ ? Bollinger Bands Breakout Strategy One effective strategy involves preparing for breakouts when the upper and lower bands contract, indicating low price momentum. Strategy Steps: Identify Low Volatility Zones: Look for periods when the bands are close together, signaling a potential breakout. https://www.tradingview.com/x/LTZ7jx6b/ Prepare for a Breakout: Monitor price action as it approaches either the upper or lower band. https://www.tradingview.com/x/6eK34lyn/ https://www.tradingview.com/x/G7cC7ktB/ Entry Signal: Enter a trade when the price closes above the upper band (for a long position) or below the lower band (for a short position). Stop Loss Placement: For long entries (break above upper band): Set stop loss at the lower band. For short entries (break below lower band): Set stop loss at the upper band. Profit Target: Use a risk-reward ratio of at least 1:2 or close the position when price shows signs of reversal. Example Charts: https://www.tradingview.com/x/zqFj0ORX/ https://www.tradingview.com/x/fHtpLjTl/ ? Final Thoughts This Bollinger Bands breakout strategy is simple yet effective. By recognizing periods of low volatility and preparing for breakouts, traders can capitalize on significant price movements. Always complement this strategy with proper risk management and confirmation indicators for optimal results. This article is for informational purposes only and should not be considered financial advice. Trading involves risk, and traders are solely responsible for their own decisions and actions.
Bitcoin (BTC) Analysis - Not Financial Advice Disclaimer: This is not financial advice. These are real trend lines that you can draw yourself. While the current trend appears bearish, it might also present a good buying opportunity. Personally, I’ve struggled to trade Bitcoin successfully because emotions often get the better of me. For instance, I saw WIF at $0.02 but didn’t buy because I had also seen it at $0.00002. This example highlights that the current price isn’t always a reason to avoid buying. That said, I am currently holding off. Key Insights from the Chart: Current Price Action: BTC is around $86,845, correcting after hitting a high near $96,500. It appears to be testing a support line within an ascending channel. Trend Channels: The broader ascending channel (orange lines) suggests a long-term bullish trend. Mid-range correction lines and resistance levels (purple lines) highlight key price zones. Support and Resistance Levels: Key support: $69,077, $64,877, and $49,673. Major resistance: $109,087 (upper boundary of the orange channel). Buying Zones: Golden Buy Zone: Around $15,446, ideal for long-term entries during deep corrections. Perfect Buy Zone: Slightly above $29,166, a strong buy area if BTC pulls back. Bear Market Bottom: Approximately $40,147, a solid long-term support level. Market Outlook: Short-term: The correction might continue until BTC tests the mid-level purple line or the $73,721 level. A bounce from these levels could signal a continuation of the bullish trend, potentially pushing toward the $109,000 target. Long-term: If BTC stays within the ascending orange channel, a long-term target above $109,000 remains realistic. Risk Factors: A break below the correction line or falling outside the channel would indicate a bearish reversal. Personal Perspective: With the monthly candle closing in three days, BTC needs to push upward to form a wick, signaling bullish potential. If not, attention shifts to the weekly candle. Predicting the outcome is uncertain—this could either be a buying opportunity or a liquidation zone. Remember, back in 2021, BTC hit FWB:65K , then dropped to $30k, which turned out to be a great buying opportunity as it later surged to $67k. Altcoin Season: Some believe altcoin season is coming, but I think it already happened in 2024. Raydium (RAY) soared from $0.12 to $9, and coins like WIF and Fartcoin also surged. Unfortunately, many low-quality coins have been pumping, with less-experienced investors driving the trend. Conclusion: Despite the current bearish sentiment, this market phase might offer solid buying opportunities if key support levels hold. The next few days are crucial—watch how the monthly candle closes and monitor the weekly candle for further signals. As always, trade carefully, and don’t let emotions dictate your decisions.