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BTC - 4H Consolidation LikelyThe current low market volume is typical during the Christmas and New Year holiday period, as institutional players and many retail traders reduce activity. This reduction in liquidity often leads to lower volatility and smaller price movements. In this scenario, BINANCE:BTCUSDT appears to be consolidating within a well-defined range, as highlighted by the resistance zone around $99,000 and the support zone near $92,000. With minimal external market drivers expected until trading activity picks up after the holidays, BITSTAMP:BTCUSD is likely to remain range-bound. This sideways movement aligns with historical behavior during low-volume periods, where breakouts or significant trends are less frequent. Traders should consider this low-volatility environment when planning short-term strategies.
COINBASE:BTCUSD
by Sober_Trading
BTC Weekly Signal: A Warning or Just Another Test?Analysis: Bitcoin's current price action presents a critical juncture, marked by the flashing of the PrimeMomentum LongTerm Signal BTC on the weekly chart. Historically, this signal has proven to be 100% accurate, correlating with significant corrections whenever it appears. If the signal persists until the weekly candle closes in 36 hours, we might see Bitcoin entering a deeper corrective phase. Key Observations: The Signal's History: As illustrated on the chart, each red diamond signal in the past has accurately predicted a correction. Corrections following the signal have ranged between 7% to 25%, with the most extreme being a 72% drop during the bear market. Potential Correction Zones: Two imbalance zones have been highlighted as potential targets: $85,000–$81,600: This aligns with the upper imbalance zone. $74,400–$70,600: A deeper support area, matching historical price reactions. These zones are consistent with prior correction depths and market behavior during similar signals. Market Cyclicity: Corrections often precede major market rallies. Historical data shows post-holiday rallies were initiated by small corrections, fitting the current scenario. This aligns with upcoming macro events, including the inauguration of significant political figures, which could fuel renewed bullish sentiment. What to Watch: Weekly Candle Closure: If the signal remains active upon close, the likelihood of a correction increases significantly. Reaction to Imbalance Zones: Monitor price action closely if Bitcoin approaches $92,000 or either imbalance zone. Macro and Whale Activity: Whales may capitalize on this correction to accumulate Bitcoin at lower levels before anticipated bullish catalysts in 2024. Final Thoughts: This setup reflects a dynamic yet critical stage for Bitcoin's market structure. While corrections can appear alarming, they are often healthy retracements that set the stage for stronger bullish moves. Keep an eye on the weekly close and remember that the PrimeMomentum LongTerm Signal BTC has yet to fail in its predictions. Will Bitcoin's trendline hold, or are we due for another major correction? Share your thoughts and let’s discuss! 🚀
Short
by SetKryptoBalans
BTC - The path to $74kBtc is well on its way to $74,000 pull back area. The path is tradeable as a short, but will have steep counter rallies. See below. Murrey Math, Elliot Wave, and Kumar Wave are being used for this analysis. After this wave is complete, I am not sure that a new high will follow immediately afterward. A more protracted 3 wave multi year bear is certainly possible taking us down to the $50 - $40k range, but I will review that more closely after the shape of this decline takes hold. I would recommend shorts for now and then buys near the $75k level.
KRAKEN:BTCUSDShort
by Urbanmove
ALGD, cup and handle could see this coin soarI prefer to keep things simple when conducting analysis. I sift through a number of indicators until I find my favourite few that when used together often 'jive' creating a harmony and increased confidence in an up, or downward trajectory. This time, the most standout items is the Cup and Handle, a labelled in the diagram. Drawing a line that is equal to the height of the cup to the neckline and repositioning it to the neckline and up, we could see significant all time new highs here. The pattern is robust and holds up well. Other coins have seen similar patterns such as BTC, so it would make sense also here. Good luck, follow for more.
Long
by cryptechcapital
Ethereum (ETH) – Key Technical OutlookPrice Action & Sentiment: Ethereum's current price action suggests upside potential, though a decisive move above the $3,500-$3,600 zone is needed to reignite short-term bullish momentum and shift market sentiment. Ethereum appears undervalued by 30-50% relative to current market conditions, adding to the attractiveness of its long-term growth potential. Support & Resistance Levels: Support: The $2,900-$3,100 range remains a crucial support zone. A retest of this level, especially following mid-November lows, could reset sentiment and provide a stronger base for future growth. Resistance: Breaking through the $3,500-$3,600 resistance zone would signal a significant shift in sentiment and encourage further bullish momentum. Broader Market Context: This setup mirrors historical patterns observed in previous crypto bull cycles, where a period of consolidation or a retest of key support levels often precedes substantial upward movement. Broader market strength and positive sentiment shifts could act as catalysts, especially as the macroeconomic environment becomes more favorable. Outlook: If Ethereum's technical structure holds and broader market sentiment improves, the potential for significant growth remains high. Investors should monitor price action around the $3,500-$3,600 zone for signs of a breakout and pay attention to the $2,900-$3,100 support for risk management. Conclusion: Ethereum is well-positioned for long-term growth, but near-term selling pressure could lead to a retest of critical support levels. A break above $3,500-$3,600 would signal bullish momentum, while holding above $2,900-$3,100 keeps the technical structure intact. This setup offers a compelling opportunity in alignment with previous bull cycle patterns.
COINBASE:ETHUSD
by Richtv_official
Bitcoin Retested A Major Support To The Dollar!Greetings Traders, I hope you all had a Merry Christmas and are bracing yourself for a massively bullish new year full of health and wealth along the way. Today, we have seen Bitcoin retest our major support (previously resistance). Remember, this trendline was drawn from the wick high of April 2021 to the wick high of November 2021. I then extended this line infinitely to the right. This gave me my end of year target for 2024 a year and a half in advance. It has proven to be significant in the previous weeks as we bumped our heads up against it as resistance. Now, it has proven to be support. Should we break to the downside of this trendline, the drop would be pretty big and I would re-analyze and update at that point. For now, our trendline is holding price above 92k and we have bounced nicely. You all should have this line drawn on your Bitcoin chart. I don't care what any other analyst states (I really don't know any others that have spotted this TL), this line is critical! Watch it closely. ✌️ Stew
INDEX:BTCUSDLong
by stewdamus
1
Are we going to fill or tap the closest gap for Bitcoin?At the current price point, Bitcoin shows signs of consolidation On the daily chart, price has tested the 50-day moving average multiple times, suggesting this level around $93,147 is a key support. However, the recent bounce from this support has been weaker, indicating potential further downside or consolidation. On the 6-hour timeframe, price is trading below both m_rvwap and w_rvwap. If we fail to reclaim or we get rejected at 96k, higher chance we retest 87.3k to sweep those local lows. We have FVGs or imbalances below. The question is, are we going to fill or tap the closest gap at 81.7k? The FVG is often seen as a price zone where the market has not fully absorbed all the information, leading to abrupt price changes. Given the current technical setup, there's a possibility that BTC might revisit or "fill" this gap, especially if the market continues to show bearish signals or if the current consolidation leads to a deeper correction. However, filling an FVG is not guaranteed and depends heavily on market dynamics at the time. The current analysis suggests a cautious short-term outlook with a potential for testing lower levels due to the observed bearish signals. The 81.7k level, could indeed act as a magnet for price action due to historical significance or technical confluence. However, whether BTC will "tap" this level depends on broader market sentiment, incoming news, and the reaction to key support level at 93.6k.
by Tealstreet
Opulous ($OPUSDT): Bullish Setup for a Strong Move I spend time researching and finding the best entries and setups, so make sure to boost and follow for more. Opulous ( BINANCE:OPUSDT BINANCE:OPUSDT ): Bullish Setup for a Strong Move Trade Setup: - Entry Price: $1.686 (Activated) - Stop-Loss: $0.595 - Take-Profit Target: - TP: $5.145 Fundamental Analysis: Opulous ( BINANCE:OPUSDT BINANCE:OPUSDT ) is a revolutionary platform combining decentralized finance (DeFi) with the music industry. It enables artists to mint music as NFTs, allowing fans to invest directly in their favourite creators. This innovative approach to music rights and revenue sharing is gaining traction, with BINANCE:OPUSDT positioned as a key player in the growing MusicFi sector. Recent partnerships and collaborations with global artists have further enhanced its visibility, making BINANCE:OPUSDT BINANCE:OPUSDT a token to watch in 2024. Tokenomics Overview: - Total Supply: 500 million BINANCE:OPUSDT tokens. - Key Utility: Facilitates transactions for music NFTs and DeFi staking. - Community Growth: Rapidly expanding user base with increasing NFT volume. Technical Analysis (Daily Timeframe): - Current Price: $1.898 - Moving Averages: - 50-EMA: $1.700 - 200-EMA: $1.500 - Relative Strength Index (RSI): Currently at 65, reflecting bullish momentum nearing overbought levels. - Support and Resistance Levels: - Support: $1.600 - Resistance: $2.000 The price action indicates that BINANCE:OPUSDT BINANCE:OPUSDT is on a bullish trajectory, having already activated the entry level at $1.686. With strong support at $1.600, the token is poised for a breakout toward the take-profit target of $5.145. Market Sentiment: Community engagement around Opulous remains high, with significant interest in its MusicFi use cases. Social media chatter and increasing trading volume reflect growing confidence in its long-term potential. Risk Management: A stop-loss at $0.595 limits downside risk while allowing room for volatility. The take-profit target offers a massive **205% return** from the entry point, making this a high-reward setup for mid- to long-term traders. Key Takeaways: - BINANCE:OPUSDT ’s innovative approach to music rights through NFTs positions it as a leader in the emerging MusicFi sector. - The trade setup offers an excellent risk-to-reward ratio, aligning with the token’s bullish momentum. - Long-term holders could benefit significantly from this breakout opportunity. When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All! *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
Long
by SiriusTrading
Dogegov ($DOGEGOV): Awaiting Entry for Promising GainsI spend time researching and finding the best entries and setups, so make sure to boost and follow for more. Dogegov ( GATEIO:DOGEGOVUSDT ): Awaiting Entry for Promising Gains Trade Setup: - Entry Price: $0.11540 (Pending Activation) - Stop-Loss: $0.08127 - Take-Profit Targets: - TP1: $0.16975 - TP2: $0.25723 Fundamental Analysis: Dogegov ( GATEIO:DOGEGOVUSDT ) is a new crypto project that blends meme coin appeal with governance utility. This unique positioning sets it apart in the market, providing both community engagement and real-world use cases. As a newly launched token, GATEIO:DOGEGOVUSDT benefits from early adopter enthusiasm and growing interest from retail investors. Tokenomics Overview: - Total Supply: 10 billion $DOGEGOV tokens. - Unique Features: Governance mechanisms that allow holders to vote on project upgrades and decisions. - Initial Distribution: Focused on decentralized exchange (DEX) liquidity pools to ensure smooth trading. Technical Analysis (Daily Timeframe): - Current Price: $0.11826 - Moving Averages: - 20-EMA: $0.11000 - 50-EMA: $0.10500 - Relative Strength Index (RSI): Currently at 62, signalling strong bullish momentum. - Support and Resistance Levels: - Support: $0.11500 - Resistance: $0.12000 The price action suggests GATEIO:DOGEGOVUSDT is consolidating around key levels, with a potential pullback to $0.11540 to activate the entry. A breakout above $0.12000 could confirm bullish momentum toward the take-profit targets. Market Sentiment: Community engagement on platforms like Twitter and Discord indicates growing interest in $DOGEGOV. Early adoption enthusiasm is driving trading volume, with sentiment leaning bullish as the project gains traction. Risk Management: The stop-loss at $0.08127 minimizes downside risk, while TP1 offers a **47% return**, and TP2 provides an impressive **123% potential upside**. This setup is designed for traders seeking both short- and mid-term gains. Key Takeaways: - GATEIO:DOGEGOVUSDT combines meme coin appeal with governance functionality, providing a unique opportunity in the crypto market. - The trade setup offers excellent risk-to-reward ratios, making it ideal for traders looking to capture the early stages of a promising project. - Waiting for the entry at $0.11540 ensures optimal positioning for the expected move. When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All! *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
Long
by SiriusTrading
With Major Liquidity Swept and RSI reset Bitcoin is now going UPIn the last few days, after achieving a new all-time high of $108,000, Bitcoin has experienced a massive dump, liquidating many retail traders using leverage. This market downturn was caused by several factors. First, Bitcoin was severely overbought and overdue for a correction. Second, Jerome Powell added to the market uncertainty by making strong anti-Bitcoin statements, dashing hopes of the U.S. adding BTC to its Federal Reserve reserves. As a result, the market saw a steep fall, with major altcoins such as SOL and DOGE dropping over 30%. The Main Question: What’s Next? Bitcoin is unlikely to go up from here in the immediate term. Instead, it may be better to position for a short targeting the $90-91K range. The market might remain bearish over the Christmas holidays, giving “holiday discount” vibes. It’s not a good idea to buy Bitcoin with leverage at this moment. Waiting until next Monday to reevaluate might be a safer option. Technical Analysis: As highlighted, Bitcoin has broken out of an ascending channel and dropped significantly. One of the key technical reasons for this is the overbought RSI. Major resistance is currently around $99.7K , while key support lies between $89.5K and $87.5K . A break below these levels could indicate a strong move in either direction. The most liquidity is around $92.2K , where Bitcoin is likely to gravitate before making an upward move. Additionally, RSI has hit a support level, which increases the possibility of a bounce from here. Outlook: After the holidays and once Bitcoin sweeps the lower liquidity levels, we could see an excellent buying opportunity . There is potential for BTC to reach $118K by the end of January . Moreover, Donald Trump’s inauguration could act as a catalyst to drive Bitcoin’s price higher once again.
Long
by LeoMessi_
1
BTC/USDT 4H Chart ReviewHi everyone, let's look at the BTC to USDT chart, looking at the 4h time frame, we can see that the price is moving in a triangle where we are getting close to the exit and taking the direction of further movement. In the short term, we can start by defining potential SLs in a situation where the price continues to correct: SL1 = 94431 USD SL2 = 92902 USD SL3 = 91260 USD SL4 = 88598 USD However, if the price changes direction and the visible green candle starts to gain strength, it is worth moving on to setting goals for the near future, which include: T1 = 96526 USD T2 = 98225 USD T3 = 99528 USD T4 = 101113 USD When we look at the additional indicators, we can see how the CHOP indicator and the RSI indicator are around the middle of the range, which indicates a possible movement in both directions, but here we also have the STOCH indicator, which shows an upward movement below the middle of the range, which in the short term may raise the price a bit more.
by cryptodailyuk
Ethena Price Shows Bullish Momentum After Breaking ResistanceThe cryptocurrency market has its eyes on Ethena (ENA) as the token broke out above the critical $1 resistance level, signaling a bullish trend. We are predicting gains of up to 35%. Breakout Above $1 Signals Bullish Sentiment Ethena’s price has established a bullish trajectory after breaking through the crucial $1 resistance level. This breakout marks the end of a prolonged downtrend, during which the price bottomed out and began forming higher lows. Strong buying pressure accompanied the move, evident from large green candlesticks on the chart. The $1 level, previously a significant resistance, has now transitioned into a robust support zone. We observe that the $0.97-$1.00 range is crucial for maintaining upward momentum. Holding above this level will be essential for MIL:ENA to sustain its bullish outlook. Technical Outlook As of this writing, MIL:ENA is up 5.68%, trading within a bullish horizon. The altcoin’s Relative Strength Index (RSI) sits at 54, indicating there is ample room for further upward movement. MIL:ENA has broken out of a presumed falling trend channel, reinforcing its bullish momentum. The 1-month high of $1.32 serves as the next significant resistance point. If MIL:ENA can breach this level, it could pave the way for even greater gains. However, caution is warranted due to the broader market’s volatility, particularly Bitcoin’s recent price swings. Should CRYPTOCAP:BTC dip to $90,000 or the psychological $85,000 level, it could exert downward pressure on MIL:ENA , potentially causing a retreat to its 1-month low of $0.76. Conclusion Ethena’s breakout above $1 marks a pivotal moment for the token, signaling the potential for significant gains. With strong technical indicators and bullish market sentiment, MIL:ENA appears poised for a rally. However, traders should remain vigilant, considering the broader market’s influence on altcoin performance. As MIL:ENA continues to hold above $1, the coming days could bring substantial price action and opportunities for investors.
Long
by DEXWireNews