HelenP. I Bitcoin can break support level and fall to 88KHi folks today I'm prepared for you Bitcoin analytics. If we look at the chart we can see how the price rebounded from the trend line and rose to the support level, which coincided with the support zone. Then price some time traded below the support level and later finally broke it. After this, BTC rose a little and then made a correction to the support zone, after which it turned around and started to grow to a resistance level. When the price reached the resistance level, which coincided with the resistance zone, it made a correction movement to the support zone, after which at once turned around and started to grow back. Later BTC reached the resistance level and broke it, after which grew to 108400 points and then dropped to the support level, breaking the resistance level. Then BTC some time traded near support level and then rebounded and tried to grow. But recently it fell back to this level, which coincided with the trend line, and continues to trades close. For this reason, I expect that BTCUSDt will make a small movement up. After this, the price turns around and starts to fall, breaking the trend line with the support level, after which make retest, or not and continue to fall. Therefore I set my goal at 88000 points. If you like my analytics you may support me with your like/comment ❤️
Trend Analysis
GOLD BEAR FLAG ON H1A bear flag pattern on the Gold H1 chart!
Here are some key points to consider:
Key Points
1. _Bear Flag_: The pattern suggests a potential continuation of the downtrend.
2. _H1 Timeframe_: The 1-hour chart provides a short-term perspective.
3. _Support and Resistance_: Identify nearby support and resistance levels.
4. _Volume and Momentum_: Monitor trading volume and momentum indicators.
Trading Strategies
1. _Short Position_: Consider entering a short position if Gold breaks below the lower line of the flag.
2. _Target_: Estimate the potential target by measuring the height of the flagpole.
3. _Set Stop-Loss_: Place a stop-loss order above the upper line of the flag.
Additional Tips
1. _Combine with Other Analysis_: Use the bear flag analysis with other technical and fundamental analysis tools.
2. _Monitor Market Sentiment_: Keep an eye on market sentiment.
3. _Risk Management_: Prioritize risk management with stop-loss orders and position sizing.
SPX Crash Targetsit's important to zoom out frequently to gain some additional perspective. I've given some wild targets for the next 12-18 months and most probably think it's silly, but I can assure it is not. I don't have to be right and it may not be as bad as I think although I highly doubt that.
Either way, this is a one month chart going back to the late 90s with what I consider to be the most important longer term levels. It's very easy to get caught up in what's happening now and hopefully we've all made money on the rally, but the last two years has just been a final blow off that happened rapidly at the end of a 15 year bull run, not so significant in the end.
I don't actually know what will happen or how far it will fall, but TA can help with that. Maybe we will enter some sort of alternate dimension and it never falls, who knows. Seems extremely unlikely to me, but we'll see.
A summary of downside targets and potential paths I will look for:
- First target is going to be the ascending trendline from the dotcom peak to the 2021 ATH. A retest of this trendline should be the first stop and it would be a big correction. Many would expect this to be enough, but in reality we won't even be in a bear market until it is broken.
- Next two targets are the 2021 ATH and ascending trendline from the COVID bottom. This would put us around 4,800 and may be considered the most reasonable downside target before a recovery. I would also say that in reality we have not even entered a big correction unless these levels break.
- If we cannot hold the 2021 ATH, next stop is the ascending trendline from the 2009 bottom and the bottom in 2022 almost right at 3,500. Personally I think this is a reasonable spot to expect a bottom, but this would be the best scenario if you ask me. This would be bad, but not 1929 material.
- If we cannot hold 3,500 then it starts to get ugly and I see this as most likely. I think the ultimate bottom will be in a range anywhere from the COVID low down to the 2000/2008 peak. basically 2,200 - 1,500. It's at that point I think things will begin to turn around, but I still have hope for a bottom around 3,500 instead.
There you have it. I'm posting this now for you all to laugh at, I'm afraid the laughter and mockery will age like milk, but only time will tell. I hope I'm wrong and if I am, that's a win as far as I'm concerned. Remember, it doesn't matter how confident I am, if these major levels are not broken it won't happen and I won't bet on it, still playing the fluctuations and beginning to build longer term short positions for now.
Price will move from key are to key area as it always does. The fluctuations in between are largely insignificant and predicting how extreme the market may get and when is nearly impossible. I've been warning about this publicly since June, my timeframe has always been the fall of 2024 and after the first rate cut with a potential catalyst at any moment before. The market shrugged of all negative catalysts in classic fashion and we melted up instead obviously.
However, I think the extreme drops and volatility we have had are noteworthy. This is very similar to 1929 where in the months leading up to the crash we had several huge dumps that recovered in the same day. Highly unusual, eventually there will be no recovery. These events like in early August just show how overleveraged vulnerable the market is toa catastrophic margin call event.
TLDR:
I think I have posted enough on this topic, but I feel like I'm losing my mind seeing something like 90% of Americans say they do not expect a recession anytime soon so it makes me want to keep going. This is very concerning to me which is why I'm doing it, so maybe I can help educate and stop this from happening again in the future.
I don't have much hope unless we abolish the federal reserve, but maybe my efforts can help one person or a few at least. If we all continue to do nothing, we will forever be stuck in this dreaded cycle of engineered recessions and bull markets that are controlled entirely by a very small group of people who do not have America's best interests at heart and lie uncontrollably while they are doing it.
If you made it this far, thanks for reading. This is exactly what a major top looks like it, it could not be more obvious and I want teach people how to identify these things using the most basic tools such as the bond market and retail sentiment. Saylor is running back his dotcom ponzi bust at 10x the scale and it is terrifying. Retail is going to get rugged so hard on stocks and BTC, while having perhaps the highest investor confidence level in history.
Retail is all in on stocks and BTC with confidence soaring more each day as if it's impossible to lose. I have never in my life seen the bullish sentiment for something be so extreme as it is right now on BTC. This does not end well, it is just a matter of time. Maybe do some research on cryptography rather than repeating the same meaningless buzz words like "decentralized." I don't expect many will care or read what I say right now, but hopefully this archive of information I'm creating in the moment can be here to view in the future for educational purposes. Godspeed.
MY BTCUSD ANALYSIS #WEEKLYHello Everyone here is my #BTCUSD Analysis 🔥🔥
Today on 29th December #BTCUSD Running at $94349
My Analysis for #Btcusd is #Bullish & My Targets are
📈 1) $97000
📈 2) $99500
📈 3) $101500
📈 4) $102800
It might retest the support area before hitting the targets but is expected to remain #Bullish
📈Bullish Continuation: Stabilization above $93000 & $91500 will support our bullish targets till resistance zone $101500 to $102800 & crossing the resistance zone of $101500 & $102800 could lead to a demand zone around $106000
📉Bearish Trigger: If BTC drops below $91000 it may shift into a bearish trend targeting $79500 & $73000
📊Key Levels
📊Trend: Bullish
📈Buy Target $97000–$102800
❌Stop Loss (SL) $89000
Best of luck Everyone 👍
Trade wisely and stay Connected
Please Like Follow & Support Me If you Like My Analysis. thanks 🙏
GBPJPY Set To Fall! SELL!
My dear subscribers,
GBPJPY looks like it will make a good move, and here are the details:
The market is trading on 198.39 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 195.23
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
Silver Is Approaching The Daily TrendHey Traders, in tomorrow's trading session we are monitoring XAGUSD for a buying opportunity around 28.700 zone, Silver is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 28.700 support and resistance area.
Trade safe, Joe.
BITCOIN (BTC) Setting Up for One Last Dip Before 200kCurrently, CRYPTOCAP:BTC is about to tag the equal lows at 92.1k, but I’m not betting that level will hold. I’m more focused on the opportunity if CRYPTOCAP:BTC drops into the low 80ks. It might be a bit ambitious, but I’ve been waiting since the tap at 107k.
I expect this move to unfold before mid-January. By halfway through Q1, we could start to see some market strength, with a potential target of 198k for BTC. MARKETSCOM:BITCOIN
GOLD IS READY TO FLYhello my fellow traders. share your opinion about this idea in the comment section.
Current Gold Price: 2621
Gold is about to fly as market rejected 2610 and closed above 2620 which indicate market's continuation of a bullish trend. Further war crisis in Middle East have got intense and can pump up the Gold prices. Now market will try to breakout the resistance level 2633 and will try to hit our fist target 2638 and if the h4 candle manage to close above 2642 then its next target will be to reach our demand zone 2660.
Key Points:
Supporting Area: 2610, 2645
Resistance: 2633, 2653
Note:
Target 1: 2638
Target 2: 2660
Stop Loss: 2600
Kindly like, comment, and follow for latest updates on Gold.
Bearish GU XABCD PatternSo, While marking up the charts. The liquidity moved it in a way to create a bearish bat pattern.
This one is a easy one, Right now. we want the buyers to do their thing.
We wait and then sell at the key level.
Upcoming GU Bear .
Do what you need to do for SL & TPs
Happy Trading!
Fantom (FTM) to print 18,000% move in 2025 to $150 ??** This is a year long forecast **
On the above 10 day chart price action has corrected 70% from the highs of early 2021. A number or reasons now exist for a bullish outlook. They include:
1) Price action and RSI resistance breakouts.
2) Trend reversal. Higher highs higher lows confirm the end of the downtrend.
3) The bull flag. Have drawn this flag in a number of different ways to capture the last 3 years of price action. The red and blue arrows capture the optimum confluence. If you find a higher count, let me know in the comments below.
4) A 18000% move to $150 will print should the bull flag repeat the 1st impulsive wave. Look left, corrections of up to 80% should be expected along the way!
5) First resistance is at $3 as indicated by the inverse head and shoulders.
Is it possible price action continues to correct? Sure.
Is it probable? No.
Ww
Type: trade
Risk: you deicide
return: 18000% or 180x projected.
Bullish Chart But Will There Be A 400% Continuation?We cannot say nor decide, that is for the market to take care of but, we have a bullish chart.
We can see a major low and bottom pattern in late 2023.
We can see a simple higher low in July 2024. Notice that the low in 2024 happened in July rather than August, which can be considered a positive signal as it detaches from the rest of the market. Those pairs that detach from the rest can move when the rest isn't moving.
This pair, FTTUSDT, has been growing since July but bullish momentum only started to increase in September. After September, we have a clear bullish wave and the week is about to close at the highest level since December 2023, yes!, a year ago.
In short, a weekly close above $3.45 and we have the highest close in a year. This would be a positive signal and can lead to higher prices.
We cannot say that we will get higher prices, we can only follow the chart. We prepare for higher prices, but we also prepare for a crash. How to do this?
Define resistance levels (targets) as well as support (stop-loss).
If prices go down, either hold long or close at a loss.
If prices go up, take profits.
Very, very simple.
Thanks a lot for your continued support.
Namaste.
Xauusd buy confirm signal Gold price trades near $2,620.00 on Monday, with the daily chart indicating a consolidation phase as the metal moves sideways near the nine- and 14-day Exponential Moving Averages (EMAs). The 14-day Relative Strength Index (RSI) hovers just below the 50 mark, reflecting a neutral sentiment. A decisive move above 50 could signal increased buying interest in the commodity.
Gold now buy 2615
Target 2650
Small sell
On the downside, the XAU/USD pair may find its immediate support around the nine- and 14-day EMAs at $2,624.00 and $2,628.00, respectively. A break below these levels could increase selling pressure, potentially pushing Gold toward its monthly low of $2,583.39.
Xauusd H1
Confirm signal
Bitcoin's anti-gift for the new year!Technically it looks pretty sad and I think the chart will move through the fibonacci levels. I wouldn't expect any gifts before the end of the year, just another spill and discounts. I think you will hear more words at the New Year tables that altcoins is a scam.
The liquidation levels also confirm my theory, the decline is programmed.
Horban Brothers.
BITCOINUSD RESISTANCE ANALYSIS ( READ CAPTION)hi trader's. What do you think about bitcoinusd
Current price: 95000
Bitcoinusd respect resistance zone yesterday market drop and touching 93500. Bitcoinusd breakout 93500 so bitcoinusd fall down demand zone 90500.
Resistance zone: 95000. 96000
First support: 92500
Demand zone 90500
I placed the remaining target in the details in the chart
Please don't forget to like comment and follow
GBP/NZD: let's take profit occur before buying againWith strong bullish momentum, GBP/NZD remains attractive for long positions. Fundamentals favor the GBP over the NZD, while technicals suggest room for further upside.
Fundamentals:
- GBP Strength: Hawkish Bank of England and resilient UK economy.
- NZD Weakness: Recession in New Zealand and dovish RBNZ policy weigh on the NZD.
Trade Idea
- Buy Zone: 2.1945-2.2200. This level corrispond to 0.5 Fibo and also 4h demand.
- Targets: 2.2440, then 2.2800.
- Stop Loss: Below 2.1800.
Important: enter just in case of rejection! it means that price will need to go in the buy zone area and then have a strong upside (CHOC, COS on lower TF).
If you follow me, you will receive updates so you know when and where I enter, close, TP.
About BTC Analysis and Averaging Down...
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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(USDT 1D chart)
I think USDT provides funds that support the coin market.
Therefore, it has a big impact on the coin market.
If this USDT gap continues to decline, I think the coin market is likely to turn into a downtrend.
I think the gap decline of USDT or USDC is a sign that funds are flowing out of the coin market.
(USDC 1D chart)
I think that the current continuous inflow of funds into USDC is preventing the coin market from turning into a downtrend.
However, I think that the impact of USDC on the coin market will be short-term because it has a lower impact than USDT.
USDC cannot form a USDC market on exchanges around the world, so it cannot help but have a lower impact than USDT.
Therefore, when USDT maintains a gap downtrend, if USDC also shows a gap downtrend, the coin market is expected to show a large decline.
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(BTCUSDT 1W chart)
As a new candle is created, the HA-High indicator on the 1W chart will be created at the 94742.35 point.
Accordingly, the support around 94742.35 is an important issue.
If it falls without support,
1st: 87.8K-89K
2nd: 79.9K-80K
You should check the support around the 1st and 2nd above.
However, since the M-Signal indicator on the 1W chart is rising around 83.6K, it is important to check whether there is support when the M-Signal indicator on the 1W chart is touched.
-
(1D chart)
After passing the volatility period around December 27, it eventually reached the lower part of the sideways section.
Therefore, even if it continues to fall further, the key is whether it can touch the 92K-93.5K area and rise above 94742.35.
The next volatility period is expected to be around January 10, 2025.
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When the average purchase price falls below the average purchase price, it is best to cut your loss at the cut-off point.
However, from a mid- to long-term investment perspective, there are cases where you cannot cut your loss unconditionally just because the price falls, and you may have missed the time to respond.
In this case, you should eventually purchase more to lower the average purchase price and sell when it rebounds.
This is called averaging down.
The basic principle of averaging down is that you must purchase more than the current purchase principal.
(Usually in the stock market, you purchase more than the number of shares you currently own.)
Since decimal trading is possible in the coin market, there is an advantage of being able to purchase the purchase principal amount rather than the number of coins (tokens) you own.
In that case, the average purchase price will fall more than you think.
Therefore, in the coin market, having cash is very important.
If you have spare funds (cash), you can cut losses between 50% and 100% of the purchase principal when the price falls below the cut-off point, or you can respond without cutting losses at all.
If you do not have spare funds (cash), you should cut losses near the cut-off point.
At this time, it is important to secure cash by selling more than 50% of the purchase principal.
-
If you can manage your investment ratio as explained above, the next important thing is when to make additional purchases.
If you bought when the price fell by -10% as I mentioned in the previous "Example of how to trade without being able to analyze charts" idea, then when the price falls by -10% again, it is the time to make additional purchases.
Instead, you should purchase additional stocks that you bought according to your own standards when the price rebounds, lower the average purchase price, and then sell them when the price rebounds.
In other words, the additional funds purchased must be sold when the price rebounds.
Otherwise, when it falls below the average purchase price again, the funds for the next additional purchase will increase significantly, so you will end up giving up without doing anything.
The important thing here is to know how much the original purchase principal was before you start averaging down.
The reason is that when you purchase additionally and then rebound and sell the amount of the additional funds purchased, the number of coins (tokens) remaining may change.
If you purchase additionally and the price rebounds, but it does not rise above the average purchase price and shows signs of falling, it is considered a loss from the overall trading perspective.
However, since you sell the amount of the additional purchase when the price rebounds, it is likely to be a profit when looking at the average purchase price of the additional purchase.
In other words, the coins (tokens) for that profit will remain.
Therefore, if you do not know the original purchase principal, you may end up investing excessive funds the next time you purchase additional funds.
Excessive investment of funds can eventually be applied due to psychological anxiety and pressure, which can cause you to make inappropriate transactions.
I will publish how to select the timing of additional purchases when I have the next opportunity.
However, you should select it by looking at the movements of the StochRSI, BW, DOM auxiliary indicators added to this chart and the M-Signal indicators on the 1D, 1W, and 1M charts.
At this time, if there are support and resistance points drawn on the 1M, 1W, and 1D charts, you can trade based on whether there is support or not.
Since the MS-Signal indicator on this chart is the standard for trend reversal, you can use it.
However, it is recommended to proceed with additional purchases based on the 1D chart.
-
Thank you for reading to the end.
I hope you have a successful transaction.
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- Big picture
I used TradingView's INDEX chart to check the entire section of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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Altseason is coming!!!hello guys!
let's compare these two dominance indexes to forecast the alt season!
Left Chart: Bitcoin Dominance (BTC.D)
Trend Overview:
BTC dominance is currently at 57.79%.
A downward arrow indicates a potential drop to the 52% range, aligning with past support levels.
Interpretation:
A decrease in BTC dominance suggests that capital might flow out of Bitcoin into other cryptocurrencies (altcoins), typically signaling the onset of an altseason.
____________________________________
Right Chart: Ethereum Dominance (ETH.D)
Trend Overview:
ETH dominance is 12.64%, showing a bottoming formation within a long-term support zone.
An upward arrow predicts a bounce back to higher levels around 14%-15%.
Interpretation:
An increase in ETH dominance often precedes or accompanies an altseason since Ethereum typically leads the altcoin market during these phases.
____________________________________
Conclusion:
Combined Analysis:
The expected drop in BTC dominance paired with a recovery in ETH dominance points towards a likely redistribution of market capital into altcoins.
Timing:
Such dominance shifts generally unfold over weeks, making it plausible for an altseason to occur in the near future, likely within the first quarter of 2025.