btcIt appears to be part of a triple bottom pattern, but for me, it's important that the red box breaks first, and then the neckline is reached and broken.
Trend Analysis
$XRPBTC - 3 white solders? XRPBTC appears to be forming a bullish pennant, suggesting a potential continuation to the upside after consolidation. If we see the formation of three consecutive green candles with higher highs and higher lows (known as “three white soldiers”), it could signal the beginning of the next impulse wave.
Another Bitcoin Wyckoff Distribution ScenarioI have post with another scenario based on 2021 Top here
But this is just another scenario with based on event, we know Trump innaguration is around 21 January 2025 so i think its can be sell on news event on Bitcoin with action rotating into altcoin maybe ? so alt season started in late January ?
Long BTCUSDYesterday, BTC demonstrated strong resistance to downward movements,
and today, prices have been attempting an upward push since the
morning. We'll place a BUY order at 95,000 with a Stop Loss set at 94,875.
We will determine the profit target in real-time after assessing the market
conditions.
Idea for GBP/CAD Buy Position**Idea for GBP/CAD Buy Position:**
- **Bias:** Bullish.
- **Entry:** Enter at a key price level within a bullish Fair Value Gap, after observing a liquidity sweep below.
- **Stop Loss:** Place below the recent Swing Low to manage risk.
- **Take Profit:** Target 2RR.
- **Confluence:**
- GBP strength supported by positive economic momentum.
Monitor closely for a price reaction at the key level to confirm entry.
APT BUY...hello friends
Considering the support range we are in, we expect a short-term growth of this currency.
Be sure to observe capital management.
Be successful and profitable.
Chainlink Analysis: Key Patterns and Downside Risks 2024.12.29Hello, this is Greedy All-Day.
Today’s analysis focuses on Chainlink (LINK).
Weekly Chart Analysis
Looking at the weekly chart, Chainlink recently broke above the long-term resistance trendline in the green box, pushing past the previous resistance level at $21.
However, the price has now entered a corrective phase, potentially retesting the trendline.
Chainlink has dropped approximately 30% from its 2024 high.
Daily Chart Analysis
On the daily chart, the short-term ascending trendline was broken some time ago. After a retest, the price appears to have resumed its corrective trend.
A key concern here is the development of a Head & Shoulders (H&S) pattern, with the neckline break being the final confirmation for further downside.
Neckline and Entry Considerations
The H&S neckline is marked with the green trendline.
For conservative entries, I recommend waiting for the price to fall below the 60 EMA on the daily chart before entering.
Targets:
The first target is the demand zone in the blue box, specifically at the $16 level.
If $16 breaks, it would signal the end of the bullish phase, with further downside likely.
The H&S pattern target suggests a potential drop to $9.
Volume Analysis
The volume supports the completion of the H&S pattern, showing a gradual decline in buying pressure.
This weakening buying momentum increases the probability of further declines if the neckline is broken.
Conclusion
Chainlink has shown strength in breaking the long-term resistance trendline, but the recent corrective phase raises concerns:
Weakening buying pressure during the decline suggests the potential for further downside.
If the current level fails to hold, Chainlink may enter the Ichimoku Cloud, signaling a trend reversal and opening the door for a 50% decline from current levels.
Recommendation:
For now, I recommend observing the market rather than taking new long positions. Waiting for confirmation of support or a significant breakout is the safer approach.
Let’s trade smart and stay ahead of the market. 🚀
Silver Sell-Off Alert: 10% Drop Dead Ahead● After hitting a high of $34.87, the price entered a notable consolidation phase, eventually created a Head & Shoulders pattern.
● Following the breakdown from this pattern, the price also fell beneath its trendline support, paving the way for a more significant decline.
● Immediate support is anticipated at the $27.8 level.
● If the price drops below this threshold, it could plummet to $26.5, representing a 10% decrease from the current position.
XLMUSDT If paraventure today candles stick closed bullish XLM will be giving us a good entering, it really looks interesting. Not a financial advice
$BTC has picked up bears with orders between 95k and 95k2.MARKETSCOM:BITCOIN has eaten away quite a few sell orders that were between 95k and 95k2.
However, this has not caused a new small crash and Bitcoin seems to be steadily rising.
I expect in the coming hours that we will see Bitcoin break through the 95k mark and move towards 96k5.
Still positive, but first let's see what we will do around 96k5.
Be kind to the world and each other!
Is SNXUSDT About to Make a Big Move? Yello, Paradisers! SNXUSDT has shown an ideal retracement, setting up a high probability for a bullish bounce from the current support zone.
💎There’s potential for a W-pattern formation here. If the price successfully breaks out and closes candle above the resistance level, this would significantly increase the likelihood of a bullish continuation.
💎However, while a bullish move is possible, the probability at this stage is relatively low, making it a scenario worth watching but not acting on just yet.
💎If panic selling or a deeper retracement occurs, the strong support zone below may offer a favorable bounce. To increase confidence in this setup, we need to see a bullish I-CHoCH (internal change of character) on lower timeframes.
💎On the flip side, if SNXUSDT breaks down and closes candle below the strong support zone, the bullish thesis will be invalidated. In that case, it’s best to remain patient and wait for more favorable price action to develop.
🎖Always remember, Paradisers, discipline and patience are the keys to consistent profitability. Avoid making emotional decisions and stick to your strategy. The market rewards the patient!
MyCryptoParadise
iFeel the success🌴
Technical Analysis Summary: SPY 2hr price actionUSING THE 2 HOUR TIMEFRAME AND FVG. THIS IS MY THOUGHT ON SPY
Current Price: $595.01 (as of the last market close on December 27, 2024)
Recent Price Movement: The stock closed unchanged at $595.01, with a high of $597.7761 and a low of $590.7647.
Technical Indicators:
Oscillators : Predominantly indicate a 'Hold' signal, with the Stochastic Oscillator at 65.39 suggesting a potential overbought condition.
[ b]Average Directional Index (ADX) : At 25.95, indicating a weak trend.
Moving Averages: Present a mixed outlook with short-term averages signaling 'Sell', while longer-term averages suggest 'Buy'.
Chart Pattern: A triangle pattern is present, suggesting a potential bullish breakout towards resistance at $599.89.
News Sentiment
Predominantly Negative: Recent news sentiment is negative, which could exert downward pressure on SPY, potentially hindering bullish momentum.
Trade Idea
Entry Signal: Consider entering at $594.52.
Exit Signal: AMEX:SPY Target an exit at $599.89, aligning with the potential bullish breakout indicated by the triangle pattern.
Conclusion
SPDR S&P 500 ETF (SPY) presents a mixed technical picture with a potential bullish breakout if the triangle pattern resolves positively. However, the negative news sentiment could pose a risk to this outlook. This trade idea is suitable for those looking to capitalize on short-term movements, but caution is advised due to the overall uncertainty.
Sell more gold!I am expecting a ‘complex correction’ of the Elliott Wave Theory, to complete the correction on Gold. So a 5 Sub-Wave pattern (A,B,C,D,E). This correction should push the price down towards $2,240 roughly. We can then look to start buying Gold again at cheaper prices. At the most extreme, if the bigger institutional firms want to really shake people out of buying Gold before it creates new high’s towards $3,200+, I would not rule out the possibility of price dropping towards $1,960 as an extreme target.
We made more gains in gold.Next week we have
The trend is still up if we maintain the level of 2603 as a support separating the decline and the rise
But our vision is still the general trend is up to historical peaks in the medium term
SFPUSDT 1WSFP ~ 1W
#SFP This trade is high risk. But if you still have Conviction on the coin,. This is a very good support block to start buying gradually,. with short term targets Minimum 20%+
AVAX Analysis: Key Levels and Trend Outlook 2024.12.29Hello, this is Greedy All-Day.
Today’s analysis focuses on AVAX (Avalanche).
Daily Chart Analysis
Looking at the daily chart, AVAX is testing critical resistance and support levels.
Resistance Zone:
The green box zone between 60 and 65.5 represents a strong resistance area.
The recent rally was rejected near the 60 level, indicating significant selling pressure in this zone.
For AVAX to confirm a bullish continuation or aim for a new all-time high, it needs to break above and stabilize above 65.5.
A conservative entry point would be after the price holds above 65.5, as it has faced three major rejections at this level. If this resistance is broken, there is a high probability of reaching the previous high or even higher levels.
Support Zone:
On the downside, the blue box zone around 27 is critical.
Historically, this level has acted as strong support, even during sharp declines.
If 27 fails, AVAX is likely to break below the red box, which would signify a clear breakdown of the short-term ascending trendline and trigger additional selling pressure.
Downside Target:
A break below 27 could lead to a potential 28% drop, as the market would enter a strong bearish phase due to the lack of support below this level.
Historical Comparison
AVAX’s current price action is reminiscent of a mirror image (decalcomania) from early 2024.
Similar patterns can be observed in the past data, with AVAX hovering below the Ichimoku Cloud and facing resistance at the daily 20 EMA and 60 EMA.
If a death cross occurs in the current setup, it could trigger another sharp decline, similar to the one seen in early 2024.
Conclusion
AVAX is at a critical juncture:
Bullish Scenario: A breakout above 65.5 and stabilization above this level could pave the way for a strong rally to the previous high or beyond.
Bearish Scenario: A breakdown below 27 could lead to a significant decline, potentially triggering a 28% drop.
For now, cautious trading is advised, with close monitoring of key levels like 65.5 and 27. Let’s trade wisely and stay prepared for both opportunities and risks. 🚀
ENSUSDT 1WENS ~ 1W
#ENS So far it continues to maintain its bullish structure. This is wave 2 in the Eliot Wave pattern. Buy gradually within this support block.with a minimum target of 20+
VOXELUSDT 5DVOXEL ~ 5D
#VOXEL This trade is high risk. But if you still have Conviction on this coin,. This support block would be a very good buying place for now,. with a minimum target of 20%++
XPR (Proton Network) Spot tradeShort-Term Trade Description for XPR (Proton Network)
Entry Level: $0.00135
Exit Strategy:
51% Exit: $0.0065
Remaining: As shown on the chart posted
Trade Duration: 1.5-4 months
Analysis and Factors Influencing XPR's Potential to Reach Above 1 Cent
1. Bullish Trends: If the broader cryptocurrency market experiences a bullish trend, XPR is likely to benefit from the overall positive momentum.
2. Social media attraction is rising which makes it ideal for me to bet on its price increase.
This is not a Financial advice folks, but im taking advantage of the market and the amount of investment is moderate as i'm not fully following this project.
Market observation shows that even shit coins are pumping like pepe and others, so given this proton network project might really have a future made me leverage the situation and benefit from the upcoming pump.
The duration of the trade is not precise and nor it reflect accurately the trade duration. But usually i trade spots on a flexible durations and calculate my risk to rewards on 4 months timeframe.
Lingrid | WIFUSDT a chance to BUY the Pullback The price perfectly fulfilled my last idea. It hit the target zone. BINANCE:WIFUSDT has pulled back significantly from $4.00 level, showing a 65% correction. The price is currently testing the support zone below $2.00 and the boundary of the channel. Given this steep correction, I believe it may be a great opportunity to buy. I expect the market to rise after bouncing off the support level and channel boundary. My goal is resistance zone around $3.00
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
SEI BUY...hello friends
Considering the support range we are in, we expect a short-term growth from this currency.
Be sure to observe capital management.
Be successful and profitable.
Rigetti Computing (RGTI): Explosive Momentum—What’s Next?🔥 LucanInvestor’s Commands:
🩸 Resistance: $18.00. A breakout targets $19.50 and $21.00.
🩸 Support: $16.50. A breakdown exposes $15.00 and $13.50 as potential retracement levels.
🔥 LucanInvestor’s Strategy:
🩸 Long: Above $18.00, aiming for $19.50 and $21.00. Sustained high volume is essential to maintain the rally.
🩸 Short: Below $16.50, targeting $15.00 and $13.50. A loss of momentum could trigger profit-taking.
🩸 Rigetti is up an astounding 597% over the past month, showing parabolic growth. MACD remains positive but signals caution with reduced momentum. The stock is heavily overextended, making these levels critical for direction. Traders should watch volume spikes for confirmation at resistance and support levels.
👑 "In the chaos of volatility lies the chance for extraordinary rewards. Will you seize it?" — LucanInvestor
Analysis USD/JPY Technical Analysis
The USD/JPY chart showcases a critical price action setup, emphasizing key levels of support and resistance with potential trade opportunities.
1. Resistance Zone:
The pair is currently trading near a strong resistance level at 158.1, where price rejection has been observed multiple times. This suggests a significant barrier to upward momentum unless a clear breakout occurs.
2. Support Zone:
On the downside, a key support level is identified at 156.0, which has historically acted as a floor for price reversals. This level will be crucial in determining the pair's next directional move.
3. Forecasted Price Movement:
The price action indicates a potential bearish retracement toward the 156.0 support zone, as shown by the descending trendline. Should the price breach this support level, it could trigger further bearish momentum. Conversely, a break and close above 158.1 would signal bullish continuation, opening the door for higher highs.
Trading Strategy:
Bearish Scenario: Look for short positions if the price rejects the resistance zone or breaks below the 156.0 support, with targets around 155.5 or lower.
Bullish Scenario: Monitor for a breakout above 158.1, confirming upward momentum. This could offer long opportunities, targeting 159.0 and beyond.
Risk Management:
Ensure proper risk management by placing stop-loss levels above 158.5 for shorts and below 156.0 for longs. Use a favorable risk-reward ratio to optimize returns.
