In the cryptocurrency market, fundamental factors such as Federal Reserve policies, the growth of the US dollar index, and the amount of liquidity in the market have a direct impact on Bitcoin's movement. A strengthening US dollar can increase selling pressure on Bitcoin. But if there are signs of a halt to tightening policies or a growth in cryptocurrency adoption, the likelihood of Bitcoin rising increases, especially if institutional demand for Bitcoin increases. Technically, on the one-hour timeframe, Bitcoin is approaching a strong support range between $92,520 and $93,668. This range could trigger a price reversal, but if it is broken, further declines are expected. On the upside, key resistances lie at $96,732 (0.5 Fibonacci level) and $99,964. A break above these levels could trigger a new uptrend for Bitcoin. The Ichimoku Cloud indicates current weakness in the trend, as the price is below the Cloud and the ALLIGATOR lines are also in a bearish mode. However, the price's proximity to the support zone increases the likelihood of a reversal.
How to Catch Market Tops and Bottoms Using the GOLDEN RSI Indicator Trading market reversals can feel like a daunting task. But what if you had a secret weapon to help you identify tops, bottoms, and potential reversals with ease? Enter the GOLDEN RSI Indicator—a custom-built tool designed to revolutionize your trading strategy. In this tutorial, I’ll show you how to leverage this powerful indicator to spot reversal trades like a seasoned pro. What is the GOLDEN RSI Indicator? The GOLDEN RSI builds on the traditional RSI (Relative Strength Index) by adding optimized zones and visual signals that highlight potential bullish and bearish reversals. Unlike the standard RSI, which requires subjective interpretation, this indicator provides precise entry and exit signals by visually marking key market conditions. How to Use the GOLDEN RSI to Catch Market Reversals? Understand the Key Zones: Overbought Zone (Above 80): Signals a potential market top or reversal from bullish to bearish. Oversold Zone (Below 20): Indicates a potential market bottom or reversal from bearish to bullish. Neutral Zone (60-40): Consolidation phase where trends are less decisive. Spotting Bullish Reversals When the RSI dips into the oversold zone (below 20) and begins to reverse upward, the GOLDEN RSI will highlight a Bull signal. This suggests a potential upward move, ideal for long trades. Pro Tip: Look for confirmation with price action, such as a bullish candlestick pattern or a break of resistance. Spotting Bearish Reversals When the RSI climbs into the overbought zone (above 80) and starts to turn down, the GOLDEN RSI will mark a Bear signal. This indicates a potential downward move, perfect for short trades. Pro Tip: Combine with chart patterns like double tops or bearish engulfing candles to strengthen your confidence in the trade. The Hidden Power of Divergences Bullish Divergence: Price makes lower lows while the RSI makes higher lows. This signals potential bullish momentum. Bearish Divergence: Price makes higher highs while the RSI makes lower highs. This signals potential bearish momentum. The GOLDEN RSI visualizes divergences clearly, so you can spot them effortlessly. Use Risk Management Tools Set stop-loss levels below recent swing lows (for bullish trades) or above recent swing highs (for bearish trades). Use risk-reward ratios of at least 1:2 to maximize your profit potential. Real Trade Example Using GOLDEN RSI In the SPX 15-minute chart above, the GOLDEN RSI accurately identified: A Bearish Reversal near the market top, as the RSI entered overbought territory and started to fall. A Bullish Reversal as the RSI dipped into the oversold zone and recovered upward. These signals allowed for precise entry points, minimizing risk and maximizing rewards. Why the GOLDEN RSI is a Game-Changer Unlike generic RSI tools, the GOLDEN RSI is designed with traders in mind. It eliminates the guesswork by providing visual cues for market reversals. Whether you’re trading stocks, indices, or crypto, this indicator is a must-have in your toolkit. How to Get the GOLDEN RSI Indicator? Want to try it for yourself? Head over to TradingView and add the GOLDEN RSI Indicator to your chart. Use it alongside your favorite price action strategies to take your trading to the next level. Conclusion Reversals can make or break a trader’s portfolio. By mastering the GOLDEN RSI, you can confidently spot market tops, bottoms, and reversals with precision. Start using this custom indicator today and watch your trading results improve dramatically! Don’t forget to like, share, and follow me on TradingView for more tutorials like this one. Let’s catch those reversals together!
? Leverage the Momentum with DOGEUSDT! ? ? Market Overview: DOGEUSDT is showing strong bullish potential on the D1 timeframe, making it an ideal setup for short-term gains in a new cycle. ? Trade Plan: ? Entry: Around $0.31 – Optimal range for accumulation. ? Target: +50% – Aiming for a significant profit in the short term. ⏳ Hold Time: Up to 1 week – Perfect for traders seeking quick returns. ? Strategy Insights: Using my custom tool RainBow MG3, DOGEUSDT is flagged as a high-probability setup for an upward move. Technical indicators and volume trends align for a potential breakout. ? Next Steps: ? Follow Telegram for real-time updates on entry timing and execution. ? Reach out if you need tailored advice or further insights into this strategy. ? Note: This is not financial advice. Always DYOR before trading. ? DOGEUSDT is primed for a breakout – Position yourself now! ?
Key Level Zone : 0.06000-0.06150 HMT v3.0 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity. HMT (High Momentum Trending): HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards. Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved. If you find this signal/analysis meaningful, kindly like and share it. Thank you for your support~ Sharing this with love! HMT v2.0: - Major update to the Momentum indicator - Reduced false signals from inaccurate momentum detection - New screener with improved accuracy and fewer signals HMT v3.0: - Added liquidity factor to enhance trend continuation - Improved potential for momentum-based plays - Increased winning probability by reducing entries during peaks
bitget seems to be giving binance a run for their money lately, if binance was tesla, then bitget is byd. against all odds and the last market dump, it seems to have it's own steam engine for the bull run, currently trading at 7 dollar as at today 28 december 2024. fingers are crossed, let's see what this pair has for the world crypto market.
Gold prices are currently testing key levels of interest during a corrective phase against the trend, following a breakout from a significant level. The fundamental backdrop is not particularly favorable, with the market under consistent downward pressure. The bearish sentiment around gold is intensifying as U.S. Treasury yields continue to climb, and the USD strengthens toward the end of the week, reducing the appeal of the precious metal. Notably, the US Dollar Index has recorded its fourth consecutive week of gains, while the 10-year U.S. Treasury yield remains near its highest level since early May. Looking ahead, the market's focus remains on the return of President-elect Donald Trump and the potential impact of his inflationary policies, which could have significant implications for the Federal Reserve's outlook in 2025. Stay cautious! From a technical perspective, the price is currently trading within a short-term descending channel, formed after the termination of a rising wedge pattern. The outlook suggests a higher probability of further declines. The 2622 level is a critical threshold—if sellers maintain pressure below this zone, the downtrend could extend further, with potential targets at 2605 and 2596, among others.
The US Dollar Index (DXY) is currently consolidating just above the ascending trendline while approaching a critical horizontal resistance zone around 108.00. The price action shows a contracting triangle pattern, suggesting indecision in the market. A breakout above the resistance could confirm bullish momentum, potentially driving the index toward 109.50 or higher. Conversely, a breakdown below the ascending trendline and support zone could indicate bearish pressure, targeting the next key level at 106.50.
Mazdock MTF Analysis MazdockYearly Demand 1243 Mazdock 6 Month Demand 1245 MazdockQtrly Demand BUFL 1245 MazdockMonthly Demand 1245 MazdockWeekly Demand 2122 MazdockWeekly Supply 2608 MazdockDaily Demand DMIP 2021 ENTRY -1 Long 2021 SL 1930 RISK 91 Target as per Entry 2608 Positional Target 4041 Target Points 587 Recent High 2,930 Recent Low 1,920
Based on what we see on the three-year chart of AVAX, the uptrends of this currency are also created on parallel trends. The last time this trend level was touched was on November 3, 2024, and we are currently observing a hidden divergence on the MACD indicator. Therefore, we can expect the next uptrend for AVAX to begin soon. The price targets are: 1- 60$ 2- 84$ 3- 123$ 4- 205$ STOPLOSS: 29$
BINANCE:TIAUSDT #TIA/ USDT Entry ( 4.200- 4.800) SL 1D close below 4.161 T1 6 T2 10 T3 14 ______________________________________________________________ Golden Advices. ******************** * collect the coin slowly in the entry range. * Please calculate your losses before the entry. * Do not enter any trade you find it not suitable for you. * No FOMO - No Rush , it is a long journey. Useful Tags. **************** My total posts https://www.tradingview.com/ideas/crypto_alphabit/ 1Million Journey https://www.tradingview.com/ideas/1m_journey/ https://www.tradingview.com/ideas/1_million_journey/ ********************************************************************************************** #Manta #OMNI #DYM #AI #IO #XAI #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #VOXEL #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH #AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT #IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 #BURGER #MOVR #SKL #BAND #ETHFI #SAND #IOTX #T #GTC #PDA #GMX #REZ #DUSK #BNX #SPELL #POWR #JOE #TIA