Bitcoin is trading near $99,210, successfully reclaiming the 50-day SMA (~$97,000) as support, signaling renewed bullish momentum. However, it is now facing strong resistance at $99,860, a level that has acted as a significant barrier in recent weeks. A daily close above $99,860 could trigger a move toward the next major resistance at $106,099, representing a critical bullish breakout. Conversely, failure to break above this resistance may result in a pullback, with the 50-day SMA as immediate support. Below that, the $88,000-$90,000 demand zone remains a crucial area to monitor. Volume has been moderate, indicating some buyer activity, but a stronger confirmation will require increased volume. The RSI remains neutral, allowing room for further upside if resistance is broken decisively. Bitcoin is at a pivotal point, with $99,860 as the key level to determine the next major move.
I think pump minimum 6000% Maybe more :) But I think one more down trend
Global inspection suggests that correction (monthly timeframe) has not yet reached even the minimum targets (marked with red lines on a logarithmic scale). Local inspection suggests that correction is emerging in a double zigzag formation: - First zigzag (W) reached the lowest point of $0.262 - Right now ugly wave (X) is forming (retraced 0.618 of wave (W)) - Expecting one more zigzag (Y) with least the same length of wave (W) potentially reaching $0.18 (aligns with weekly 50 EMA) with an on the way pullback near $0.28 (aligns with daily 200 EMA).
https://www.tradingview.com/x/cHI2QFGy/ Please, check our technical outlook for GBPAUD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.995. Taking into consideration the structure & trend analysis, I believe that the market will reach 2.010 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Solana (SOL) is trading at $217, consolidating just below the 50-day SMA (~$219) after a break and retest of descending resistance. This breakout indicates potential bullish continuation, but the lack of significant volume suggests that buyer conviction is still weak. Volume confirmation will be key to validating any sustained upward move. The $259.50 level, representing the previous cycle’s all-time high that was briefly broken in November, remains the major resistance to watch. A clean break above this level with increased volume could open the door to new highs, signaling stronger bullish momentum. On the downside, the $203 level serves as critical support, as it aligns with the retest of the descending resistance turned support. Maintaining this level is essential to preserve the bullish structure. If the price falls below $203, it could lead to a deeper correction, potentially testing the 200-day SMA near $171. In summary, while Solana's technical setup leans bullish, confirmation through volume and a reclaim of the 50-day SMA will be critical for a move toward the $259.50 resistance. Until then, the market remains in a cautious consolidation phase.
Valid volatility squeeze by my methodology. Break of 2666 sees a likely run of 2910 with possible overperformance to the 3k level. 5.5 RR potential set up with clean structure
I’ve already written a weekly analysis on NASDAQ:AMD , which you should read before this one, as it explains the broader technical and fundamental support in the bigger picture. https://www.tradingview.com/chart/AMD/604lOycH-AMD-to-200-61-Strong-Support-ends-Consolidation/ Looking at the 4-hour chart, we can see the more granular movement of the stock over the last few months. The fact that we held the trendline, which has been in place since 2023, is a good sign that overarching algorithms still have an interest in the stock. The trendline also corresponds to a so-called "confluence support," where multiple support levels overlap. 1. Trendline Trendlines alone are not reliable price action structures, as they are often broken during consolidations without affecting the overall trend. However, since this trendline is older, has been tested multiple times, and now coincides with other support levels, it serves as one of several building blocks. 2. Fibonacci Retracement We hit the 61.8% Fibonacci retracement (horizontal yellow line) exactly and bounced upward from there. The 61.8% Fib is always a good reversal point during pronounced consolidations, as we’ve seen here. AMD has been consolidating since March 2024, over nine months now. 3. Horizontal Support In addition to the Fibonacci retracement, the price range between $117 and $121 was already a support area. This zone has been a support and resistance level since September 2021 and has consistently prompted strong price reactions. 4. Descending Wedge The current leg down is forming a descending wedge, which breaks upward in more than two-thirds of cases, making it a bullish pattern. The target for a breakout is typically the highest point of the wedge, which currently means a target around $170. However, a conservative trader always plans more cautiously, so we’ve combined our target with the last gap close. 5. Gaps While not a proper support level, the still-open daily gaps at $137 and $158 act as magnets for higher prices. These gaps lie along the path upward and make good spots to place take-profit levels. Fundamental Reasons AMD's Position: With the launch of the MI300 series, AMD has taken a significant step toward competing with NVIDIA in the AI GPU market. These chips are optimized for high-performance computing and generative AI. Potential: In Q3 2024, AMD generated $1.5 billion in revenue from the data center segment, a 42% year-over-year growth. This growth is expected to accelerate further in 2025 due to AI applications. Market share: AMD has consistently gained market share from Intel in the CPU market, especially in the server segment. According to Mercury Research, AMD’s server CPU market share rose from 23.4% in Q3 2023 to 26.5% in Q3 2024. Forecast : With the planned launch of Zen 5 processors in H2 2025, AMD is expected to gain even more market share, driven by improved performance and energy efficiency. EV Market: Additionally, the electric vehicle market, after weaker years in 2023 and 2024, is expected to regain momentum. This will significantly impact the semiconductor market as a whole.
Bitcoin ( BINANCE:BTCUSDT ) is still moving in the Resistance zone($100,000-$98,000) . Compared to the previous analysis , I still have the opinion of correction on Bitcoin . Regarding Elliott wave theory , Bitcoin seems to have completed the main wave Y with the Ending Expanding Diagonal . Also, we can see the Regular Divergence(RD-) between Consecutive Peaks . Also, USDT.D% ( CRYPTOCAP:USDT.D ) is in a very sensitive zone . Given that USDT.D% is near the lower line of the descending channel , the support lines , and the support zone , I expect USDT.D% to trend higher and close to the Resistance zone in the coming hours , and the increase in USDT.D% can cause Bitcoin to decrease .? https://www.tradingview.com/x/wFqKNins/ I expect Bitcoin to fall AFTER breaking the lower line of the Ending Expanding Diagonal. The First Target can be around $98,000 . ⚠️Note: If Bitcoin breaks the Resistance lines and Resistance zone($100,000-$98,000), we can hope for a further increase in Bitcoin.⚠️ Cumulative Short Liquidation Leverage: $100,840-$100,000 Cumulative Long Liquidation Leverage: $97,870-$97,000 Cumulative Long Liquidation Leverage: $96,000-$95,000 ?Please respect each other's ideas and express them politely if you agree or disagree.? Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. ?Be sure to follow the updated ideas.? Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button ?? & Share it with your friends; thanks, and Trade safe.
BINANCE:AXSUSDT AXS is in an ascending triangle, which means the price shall increase soon! It can reach the Shown Resistance on the chart! ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. ? Follow me for daily updates, ? Comment and like to share your thoughts, ? And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! ?✨
Greetings, this is my primary Elliott Wave Count for XRP on the daily timeframe. XRP has been recently looking strong and we expect some more upside for the moment. It seems the XRP is forming the E Wave of an Elliott Wave Triangle which usually is followed by a breakout with strong momentum. This Elliott Wave Triangle would finish the green Wave 4 and be followed by the green Wave 5. The support area of Wave E is marked on the chart between the 0.382 FIB at 2.3007 USD and the 0.886 FIB at 2.0259 USD. Worthwhile watching is the 0.5 FIB at 2.2364 USD and especially the golden pocket between the 0.618 FIB at 2.1720 USD and the 0.66 FIB at 2.1491 USD. Be aware that a Wave E often doesn't strictly follow the support areas and likes to under- or overshoot. Key is that the price doesn't break below the blue C Wave of the triangle which sits at 1.9601 USD as it is the invalidation point of the triangle. If you are interested in the back-up scenario in case we break below 1.9601 USD check out my next analysis which we will like below as a note! :) Additionally I recommend checking out the smaller timeframe analysis to get further targets for the blue E wave which will be linked as note too. Thanks for reading. NO FINANCIAL ADVICE.