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Dogecoin Analysis with Gann Fans and Key LevelsHello Dear Traders! This chart provides a detailed Gann-based analysis of Dogecoin against Tether (USDT) on the 1-hour timeframe. Below, I'll break down the significance of the levels, the Gann Fan setup, and the potential *Bart Simpson* pattern that might be forming. Let's dive in! --- ### 📈 **Gann Fan and Levels Explained** The Gann Fan lines radiate from a key pivot low on the chart, representing specific angles of price movement over time. These lines act as dynamic support and resistance levels, giving us a unique *"crystal ball"* into future price movements. Here's a breakdown of the levels on this chart: - **0° (0.0895):** Represents the lowest anchor point. This is a key level of historical support. - **45° (0.1316):** Critical support-resistance pivot point, often marking trend shifts. - **90° (0.1952):** First strong resistance zone to watch during rallies. - **135° (0.2743):** Mid-range resistance and a potential retracement level during corrections. - **180° (0.3599):** Acts as a strong magnet for price action in trending conditions. - **225° (0.4611):** Key breakout or reversal zone; pay attention if price crosses this. - **270° (0.5747):** Heavy resistance, likely to align with strong market reactions. - **315° (0.7008):** Could mark overextended rallies or extreme zones. - **360° (0.8394):** Maximum upward projection from the base, aligning with long-term targets. The combination of these levels with the green Gann Fan lines creates a visual framework for anticipating price action. --- ### 🤔 **Potential Bitcoin Bart Pattern in Play?** Looking at this chart, we see the early signs of a classic *Bart Simpson* pattern, often seen in crypto markets due to volatility. This pattern starts with a sharp rally (the "spike up"), followed by a consolidation phase at the top, and ends with a sharp drop back to the original levels (the "spike down"). #### Current Scenario: - The sharp rally to **0.4611** suggests the "head" of the Bart is in place. - Consolidation around the **180° level (0.3599)** adds credibility to the setup. - If we see a break below **0.3599**, this could confirm the pattern, potentially driving prices down towards the **90° level (0.1952)**. --- ### 🛠️ **How to Trade These Levels** 1. **For Long Trades:** - Look for price to respect the **180° level (0.3599)** as support. - Targets: **225° (0.4611)** and **270° (0.5747)**. - Place stop losses slightly below **135° (0.2743)**. 2. **For Short Trades:** - A confirmed break below **180° (0.3599)** could open opportunities. - Targets: **135° (0.2743)** and **90° (0.1952)**. - Stop losses above **225° (0.4611)**. --- ### 🌟 Final Thoughts The Gann setup on this chart serves as a powerful visualization tool, almost like a *crystal ball* guiding price action. Combined with the potential *Bart Simpson* pattern, this analysis highlights critical zones to watch for breakout or breakdown scenarios. What do you think? Will Dogecoin continue to rally, or is a retracement imminent? Share your thoughts in the comments! --- If you have any additions or questions, feel free to ask—happy trading! 🚀
by Magic_xD
8
BTC/USDT Analysis: Is a Key Reversal Brewing?Bitcoin's price action continues to intrigue traders as it consolidates within an ascending channel on the 4-hour timeframe. The recent rejection from the channel's upper boundary at $108,000 indicates that bearish pressure might dominate the short term. Currently, BTC trades around $101,450, testing a critical support level near $102,000. Key Observations: Ascending Channel in Play: The structure highlights an upward trend, with BTC respecting both the upper and lower boundaries of the channel. The dotted midline has acted as a dynamic pivot, influencing price movement over recent weeks. Bearish Breakdown Potential: A clear break below $102,000 could lead BTC toward the next significant horizontal support at $98,236. This level aligns closely with the channel's lower boundary, making it a crucial zone for bulls to defend. Key Resistance Zone: If bulls manage to reclaim $103,000, BTC could retest the midline or even the $106,000 level. However, failure to sustain above the $102,000 support could accelerate a bearish trend. RSI Divergence: Hidden bearish divergence on the RSI suggests weakening bullish momentum, supporting the case for a deeper correction. Expected Scenarios: A retest of $98,000 would provide an excellent opportunity for bullish accumulation within the channel structure. If the price rebounds from the lower boundary, bulls may aim for $106,000-$108,000 in the medium term. A confirmed breakdown below $98,000 might invalidate the channel, opening doors for further downside to $94,000.
Short
by melikatrader94
7
Continued bearishness in crude oil pricesOn December 17, 2024, oil prices showed a slight stabilization following the drop in U.S. crude inventories and the Federal Reserve's (Fed) interest rate cut. However, gains were limited by expectations that the Fed will slow the pace of cuts in the coming months. Brent crude oil futures rose 20 cents, closing at $73.39 per barrel, while West Texas Intermediate (WTI) crude rose 50 cents, reaching $70.58. Despite these increases, gains moderated after market close. The U.S. Energy Information Administration reported a drop in crude oil and distillate inventories, while gasoline inventories increased in the week ending December 13. In addition, total product supply, a key indicator of demand, grew to 20.8 million barrels per day, reflecting an increase of 662,000 barrels from the previous week. Despite the partial optimism around demand, crude oil prices fell briefly following the Fed's announcement to cut interest rates, although the pace of these cuts is expected to slow. The Fed projects only two additional rate cuts through the end of 2025, which could boost oil demand, but also dampen near-term expectations. On technical analysis, crude oil continues to lose value, with the price looking for the $68 area since the start of the European session. The POC mid-zone is around $70.20, and the RSI is highly oversold at 30%. The crossover of the 200-average over the 100-average reinforces the prospect of a bearish continuation, as anticipated in previous weeks. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
ACTIVTRADES:LCRUDEShort
by ActivTrades
#USDJPY $USDJPY Rise after Monetary Policy Divergence...The USD/JPY continiues to produce. Latest: The USDJPY has seen an increase over the last three days due to several factors: Monetary Policy Divergence: The Bank of Japan (BoJ) decided to maintain its interest rates, reflecting a dovish stance in contrast to the U.S. Federal Reserve's more hawkish approach. This divergence in monetary policy tends to strengthen the U.S. Dollar against the Yen since investors can borrow Yen at low rates to invest in higher-yielding U.S. assets. FOMC Meeting Impact: The recent FOMC meeting indicated a slower pace of rate cuts for 2025, which typically supports a stronger U.S. Dollar. This hawkish cut by the Fed, alongside the BoJ's inaction, contributed to the USDJPY's upward movement. Market Reactions and Technical Levels: Following the FOMC and BoJ announcements, there was an immediate market reaction. The USDJPY broke higher post-BoJ press conference, indicating a breakout possibly influenced by both the Fed and BoJ decisions. Technical analysis suggests that if the pair maintains above certain levels, like 157, it could aim for higher extensions, showing strong market sentiment towards further appreciation of the USD against JPY. Although a pullback at this level would be healty. Speculation on Future Interventions: There's an anticipation that the Japanese Ministry of Finance might intervene at around the 160 level to protect the Yen, but historical interventions have been less effective, suggesting that the USDJPY could continue to rise if these levels are approached (Taking a look at the upper line yellow line at the chart, if this is tested, broaken and holds we could see a great incerease). My target would be at 160- 165 lvl for now if it holds its current price or finds support in event of an pullback at a key level. However always keep in mind, currency movements are also influenced by broader market sentiment, geopolitical events, and other economic indicators. This is not financial advice.
Long
by BaseLineTraders
MARA Marathon Digital Holdings A Crypto Mining Stock to Watch Marathon Digital Holdings, Inc. ( NASDAQ:MARA ) “Bitcoin at $96K? It’s like Monopoly money growing into something real—fueling wealth and lifting stocks like $MARA. Let’s break down the crypto miner making waves in this dynamic market.” After Bitcoin ( CRYPTOCAP:BTC ) surged to $96,000, Marathon Digital Holdings ( NASDAQ:MARA ) has positioned itself as a significant player in the crypto ecosystem. For investors, NASDAQ:MARA represents a unique opportunity tied directly to Bitcoin’s price movements and the operational efficiencies of crypto mining. Let’s dive into the details to evaluate its potential. Current Market Data Stock Price: Around $22.73 Market Cap: Approximately $4.65 billion Earnings Per Share (EPS): -$0.42 (last quarter) At first glance, NASDAQ:MARA ’s financial metrics might raise eyebrows. A negative EPS highlights the ongoing challenges of profitability in the volatile crypto mining industry. However, its substantial Bitcoin reserves tell a different story. Bitcoin Holdings: A Key Asset Marathon Digital holds 40,435 BTC, valued at approximately $3.88 billion at the current Bitcoin price of $96,000. This means that 83% of its market cap is backed by Bitcoin holdings alone. Such a significant asset base provides a unique valuation anchor in an otherwise speculative industry. Book Value Breakdown Total Bitcoin Value: ~$3.88 billion Estimated Shares Outstanding: ~204.6 million Book Value Per Share: ~$19.00 Compared to its stock price of ~$22.73, this suggests NASDAQ:MARA is trading close to its asset-backed value, making it an intriguing option for Bitcoin bulls. Valuation Metrics Traditional valuation methods struggle with companies like NASDAQ:MARA , given the negative EPS and the speculative nature of the crypto market. However, using a forward-looking EPS of $1.22 (an optimistic assumption), we can estimate: Graham Number: At a stock price of ~$22.73, NASDAQ:MARA appears fairly valued by this metric, though this assumes optimistic future earnings and stability in Bitcoin prices. Operational Highlights BTC Yield Growth: Marathon has reported steady improvements in Bitcoin yield, signaling operational success and increased mining efficiency. Renewable Energy Investments: Recent moves to secure wind farms and other renewable energy sources could reduce mining costs and enhance profitability. Scalability: With a solid foundation and operational upgrades, NASDAQ:MARA is well-positioned to benefit from further Bitcoin price increases. Risks and Volatility Crypto Dependency: NASDAQ:MARA ’s performance is tightly coupled with Bitcoin’s price. While this offers significant upside during bull markets, it exposes the stock to extreme downside risk in bear markets. Regulatory Uncertainty: Potential changes in crypto regulations could impact mining operations and profitability. Operational Costs: Fluctuations in energy prices and mining difficulty could strain margins. Buffett’s Perspective: Speculation vs. Strategy Warren Buffett famously avoids speculative assets like Bitcoin, and by extension, Bitcoin-focused companies. However, Marathon’s strategic moves—such as renewable energy investments—showcase a long-term vision that could appeal to more risk-tolerant investors. Conclusion: Is NASDAQ:MARA a Buy? NASDAQ:MARA ’s substantial Bitcoin reserves and operational improvements make it a compelling choice for investors who believe in Bitcoin’s continued growth. At a price of ~$22.73, the stock seems fairly valued relative to its book value and intrinsic potential. However, investing in NASDAQ:MARA requires: A strong belief in Bitcoin’s future. A high tolerance for crypto market volatility. An understanding of the risks tied to mining operations and regulatory changes. For those ready to embrace the volatility, NASDAQ:MARA offers an opportunity to ride the crypto wave with a company building for the future. For more in-depth market insights and strategies, visit DCAlpha.net and stay ahead of the game. 🚀
NASDAQ:MARALong
by DCAChampion
2
Where do we go from here?If you're looking at this in terms of market cycles in correlation with halvings... These are my opinions in an attempt to pick the top 3 most likely scenarios for the next 12-13 months. Please provide feedback as this is not about ego, it's more of a thought exercise. The 2 vertical lines are the window/time frame for exiting. The diagonal lines represent the tops of the previous 2 market cycles. Not in any particular order are what I consider the 3 most likely scenarios... 1. The theory of diminishing returns applies. Bitcoin is becoming larger and less volatile. It is possible that this market cycle will not break past the red line projections. If this is true then the next market cycle may see less than 100% return. Conclusion--market cycle has already peaked. Projection: bleed-off of BTC price to approximately FWB:73K before starting into the next bull market cycle. Start buying again in about 2 years. 2. Everything the same as 1 except Conclusion--market cycle has not yet peaked. Projection: 3-4 months of pain or longer if the bleed is slow. Tops out by the end of next year between $114k and $130k. 3. We are on the verge of government adoption and regulatory clarity in the USA and several other countries. Conclusion--market cycle has not yet peaked. Projection: A steep pull back over the next 3-4 months to meet the fast moving average bringing BTC price as low as 80k-75k before violently snapping up as we see the gears of legislation starting to move, breaking the projection from the previous 2 cycles driving BTC price beyond 200k by the end of next year. But those are just my thoughts. What do you think?
BITSTAMP:BTCUSD
by Narsty_Boy
3
Start of decline: Below 97821.58 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- The Market Cap chart will be updated again when a new candle is created. I think the gap increase of USDT, USDC is a trace of funds flowing in. The increase in BTC dominance means that funds are concentrated on BTC. You cannot predict the rise and fall of BTC with BTC dominance. The rise in USDT dominance is likely to be reflected in the decline of the coin market. The start of the decline in the coin market is expected to begin when it rises above 4.97 and is maintained. ------------------------------------------- (BTCUSDT 1W chart) The point to watch is whether the StochRSI indicator shows a downward trend from the 100 point or whether it switches to a state where StochRSI > StochRSI EMA. Since the StochRSI indicator is a lagging indicator, you can know the exact value when a new candle is created. However, if there is a change in the value of the StochRSI indicator when a movement occurs, it means that an important point has been passed. In that sense, the fact that the StochRSI indicator is maintained at the 100 point despite the current price decline means that an important point has not been passed. However, there may be fluctuations in the StochRSI indicator value when a new candle is created while the price is falling. - (1D chart) The HA-High indicator is expected to be created at 101947.24. Accordingly, the key is whether it can be supported near 101947.24. If not, it falls and shows resistance near the MS-Signal (M-Signal on the 1D chart) indicator or 97821.58, there is a possibility of meeting the M-Signal indicator on the 1W chart. Therefore, before meeting the M-Signal indicator on the 1W chart, you should check whether it is supported near 87.8K-89K or whether the HA-Low indicator or BW(0) indicator is newly created. If the HA-Low indicator or BW(0) indicator is generated, it is important to see if there is support in the vicinity. If the HA-Low indicator is generated, it is expected that the current wave will end and a movement to create a new wave will begin. The start of the decline is expected to start when it falls below 97821.58. The volatility period is around December 27 (maximum December 26-28). - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) In the big picture, it seems to have been maintaining an upward trend 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 upward trend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the upward trend 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 upward trend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the upward wave. The Fibonacci ratio on the right is the Fibonacci ratio of the upward trend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you to decide how to view and respond to this. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
2
Long Signal for Bitcoin (BTC/USDT)📈 Long Signal for Bitcoin (BTC/USDT) ✅ Suggestion: I’ve opened a buy position from the marked zone and anticipate growth for Bitcoin. 🎯 Key Insight: This is Bitcoin’s final support level, and despite the high risk, I’m willing to take the chance. 🚀 💬 To manage this signal effectively and explore more opportunities: 1️⃣ Follow my TradingView page 📊 2️⃣ Send me a private message for personalized guidance. 💎 Let’s trade strategically and aim for big profits! 💰
Long
by DAVID_SNIPERRR
Trading minute impulseOn the minute timeframe of XAUUSD at the moment we have the completion of the impulse formation. If the price continues to move in the direction of the impulse and the support zones do not allow it to overcome the base of the impulse, it may reach the targets 1 and 2. If the price fails to advance in the direction of the momentum and overcomes the support zone at the base of the momentum, it is very likely that the price will move sideways or against the direction of the momentum.
FXOPEN:XAUUSDLong
by syomking76418
Downward pressure on S&P 500 Index intensified past daysYesterday's sell-off damaged the S&P 500's 50-day moving average. While we initially saw a bounce back at the opening, it didn't hold. This makes the 5925 level a critical point to watch as we head toward the end of the year. For those keeping an eye on the charts, a trendline has been intact since the low in October 2023. Although it was breached during the August downturn, we managed to rally back into the bullish channel that's been forming since the fourth quarter of 2023. This channel offers support around the 5800 mark, and I anticipate this level will hold as we close out the year. Should we dip further, the following support levels to watch are 5690 and 5525. While I don't foresee us dropping to these lower levels before year-end, it's essential to acknowledge the potential downside risk. The market sentiment shifted following the Federal Open Market Committee (FOMC) meeting, giving sellers the upper hand for the first time since the summer.
SP:SPX
by IrinaTK
The whole market's going down, pick one and buy it at the bottomI rolled the dice and put in an overnight order for COINBASE:NEARUSD @ $3.675 Runner up was COINBASE:HNTUSD Will it get there? Might be a stretch, but looks possible, looks like everything is about to crash a little bit. What if it doesn't get there? Who cares. I'm never upset about losing zero dollars. But folks, I think it's going there, maybe not overnight, but all kinds of things are headed to all kinds of recent extreme bottoms.
COINBASE:NEARUSD
by Hollywood260AB