Chart Patterns
December 24 Bitcoin Bybit chart analysisDecember 24 Bitcoin Bybit chart analysis
Hello
It's a Bitcoinguide.
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This is the Nasdaq 30-minute chart.
There will be an indicator announcement at midnight tonight.
Since Nasdaq is in an upward trend,
If there is no immediate adjustment from the current position,
I will bet on a vertical rise at midnight.
This is a 30-minute Bitcoin chart.
I marked the main sections with black fingers.
*When the red finger moves,
One-way long position strategy
1. $93,786.5 long position entry section / stop loss price when the green support line is broken
2. $96,549.5 long position 1st target -> Top, Good, Great in that order
I left the movement path in the middle with a pink finger,
so I think it would be good to use it.
The first section at the top is the short position operation section.
If there is a decline today, it can be the best short entry section.
When touching the first section,
depending on the wave,
it can be pushed up to the second section,
and the reason why the stop loss price was set to break away from the green support line is
because it is possible that it will shake up to this section, and if it breaks away from the green support line,
it is also the place where the mid-term trend line is broken.
So, I think it would be good to use split buying, etc. as the final long position entry point until the 2nd section.
Between the 1st section and the Gap section at the top,
the Bollinger Band 4-hour chart and the 6-hour chart center line overlap,
but since the 4-hour chart center line is the second touch,
it can rise strongly when it breaks through, and the 6-hour center line is not very important in the time zone, so I ignored it.
As long as this point is not broken, the upward trend seems to be fine.
Please refer to the Bottom, 89,186 dollars at the bottom when it breaks out.
Please use my analysis up to this point only for reference and use,
and I hope you operate safely with principle trading and stop loss prices.
Have a Merry Christmas to everyone,
and I will see you on the 26th.
Thank you.
Gold Potential Bullish movement XAUUSD Gold Seems as Bullish pattern key price levels for potential movements.
Here is the Setup of Gold In Some Trading Points.
1. Current Price Zone: The price is expected to rise from 2616, with a potential pullback to 2610 as a key support area. This suggests you anticipate some consolidation or a slight dip before the upward movement.
2. First Resistance Zone: 2635 is the area where you expect the price to face resistance. If the price hits this levelk.
3. Second Resistance Zone: If the price manages to break the 2635 resistance level, the next key resistance would be at 2650, which could be another point for price reversal or consolidation.
Rate Share Idea What's Going On Gold Thanks
Market overviewWHAT HAPPENED?
At the beginning of last week, as expected, bitcoin resumed its upward movement. But already at the local maximum and round number of $100,000, before reaching the important selling zone, it rebounded and the price moved in a downward direction for the remaining days.
At the moment, a local lateral line with clear boundaries has been formed. A pattern of sideways sell absorption is forming along the delta.
WHAT WILL HAPPEN: OR NOT?
Each new minimum update on the last wave of decline is weak and ineffective, since volumes are not realized, but are accumulated. If a strong buyer appears, an earlier resumption of the upward movement is more likely than from the lower boundary of the sideways $92,300. But the main priority this week is to capture liquidity through a false breakdown and move to the upper boundary of the sideways trend.
Analyzing bitcoin on the daily timeframe, we noticed an additional volume buying zone of $90,600-$86,300, which can hold back the decline to $80,000 with an unfavorable outcome.
Buy zones: level $92,300 (local low), $90,600-$86,300 (accumulated volumes), ~$80,000 (volume anomaly), $77,000-$74,000 (large volume zone).
Sell zone: $100,000-$102,000 (mirror volume zone).
IMPORTANT DATES
Macroeconomic developments this week:
• Thursday, January 2, 13:30 (UTC) — publication of the number of initial applications for unemployment benefits in the United States;
• Thursday, January 2, 14:45 (UTC) — publication of the index of business activity in the US manufacturing sector for December;
• Thursday, January 2, 15:00 (UTC) — publication of the ISM index of business activity in the US manufacturing sector for December;
• Friday, January 3, 15:00 (UTC) — the ISM index of business activity in the US manufacturing sector for December is published.
*This post is not a financial recommendation. Make decisions based on your own experience.
CHFJPY MARKET ANALYSIS AND PRICE PREDICTIONCHFJPY, has finished consolidating at the institutional Renegotiation zone, decision has been taken already in favor of the Bulls because price has broken a structure and the renegotiation mini trend already with an FVG. Price may retrace a bit to mitigate the order block or breaker block to give the Bulls a good discount price for an entry. Take profit 1 is the renegotiation resistance to sweep off the buyside liquidity and take profit 2 is the unmitigated order block ahead.
Entry, Take profit 1&2 and stop loss are clearly stated on the chat.
GOOD LUCK GUYS!
MERRY XMAS
Breaking: $ELONIA surged 310% for the past 10 daysThe Solana-based memecoin $ELONIA has experienced a remarkable surge of 310% over the past ten days, despite trading amidst low volume. The coin, themed around the playful meta of Elon Musk and the Just elected U.S. President Donald Trump, has captivated the crypto community with its humorous and creative premise.
The Origin of $ELONIA
$ELONIA, inspired by a fictional relationship between Elon Musk and Donald Trump, has gained traction as a pure meme token. The community-driven project leverages AI-generated content depicting Musk as Trump’s wife, creating a unique and amusing narrative. With a Telegram community boasting over 100,000 members, the project’s growth highlights the power of memes and grassroots engagement in the crypto space.
Community Momentum
The $ELONIA community has shown dedication, working tirelessly to bring their meta to life. Their efforts, combined with creative content and an active online presence, have fueled the token’s popularity. This vibrant ecosystem exemplifies the role of community in driving adoption and maintaining momentum for meme-based cryptocurrencies.
Trading and Market Activity
Where to Buy $ELONIA: The token is traded on decentralized exchanges, with Raydium being the most active platform. The ELONIA/SOL pair has recorded a 24-hour trading volume of $15,373.14.
- Trading Volume: Recent market activity shows a -40.60% decrease in trading volume, signaling a temporary decline.
- Market Cap: $ELONIA’s market cap stands at $9,892,449, ranking it #1793 on CoinGecko. With 68 billion tokens in circulation, its fully diluted valuation (FDV) matches the market cap.
- All-Time High/Low: The token’s all-time high of $0.0001694 was recorded on December 5, 2024, while the all-time low of $0.00003451 occurred on December 19, 2024. Its current price is 14.59% below the ATH but 319.32% above the ATL.
Technical Outlook
$ELONIA is currently trading within a rising trend pattern, reflecting bullish momentum. However, caution is advised as the Relative Strength Index (RSI) is overbought at 81, suggesting a potential pullback.
Support Levels:
- Minor support: 38.2% Fibonacci retracement level.
- Major support: 61.8% Fibonacci retracement level, likely viewed as a key buy zone for traders.
With a market cap under $50 million, $ELONIA remains in its early stages, offering significant growth potential for early adopters. The $ELONIA project’s foundation lies in its community and humor, which have propelled it into the spotlight. By leveraging Solana’s scalable blockchain, $ELONIA benefits from low transaction fees and fast processing times, making it an attractive choice for meme enthusiasts and traders alike.
Performance Comparison
In the last seven days, $ELONIA has outperformed the global cryptocurrency market and its meme token peers:
- $ELONIA: +129.60%
- Global Market: -1.60%
- Meme Tokens: +3.90%
Conclusion
$ELONIA’s explosive growth and unique narrative underscore the evolving dynamics of the crypto market. While its overbought RSI suggests a potential short-term correction, the token’s strong community and innovative concept position it for continued success. Traders and enthusiasts should watch for key support levels as potential entry points, as $ELONIA’s journey is far from over.
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.
Combined US Equities - not nice end, not expecting a great startQuick analysis of the Combimed US Equities daily chart...
A significant rebound last week put the closing back into the decision box. Thing is, it went out the other end, as expected it would, BUT ended with a doji (indecision candlestick) and came back into the box... which suggest an exit to thru the lower end. This is abou to happen over the last days of the 2024.
And IF it exceeds the last low, then it is a tell all that 2025 is not going to be bullishly exciting.
In any case, a good retracement is overdue and likely comes in 1Q2025
Technicals here show weakening MACD and a decelerating rate of VolDiv.
Let's see how bullisht the first day of 2025 and the first week of 2025 can be... not terribly optimistic IMHO.
In any case... HAPPY NEW YEAR 2025 everyone!
Stay safe and stay happy!
Gold Accurate Analysis StrategyGold operation strategy reference:
Strategy 1: Short (buy decline) 20% of the position in batches when gold rebounds to around 2627-2630, stop loss 6 points, target around 2615-2610, break to see 2600
Strategy 2: Long (buy rise) 20% of the position in batches when gold pulls back to around 2600-2603, stop loss 6 points, target around 2610-2615, break to see 2620
Strategic GBPAUD EntryGBPAUD is currently in a strong uptrend, exhibiting a classic pattern of higher highs and higher lows. At the current price, there are no signs of bearish divergence. The pair has already tested the 0.5 Fibonacci retracement level and may attempt to retest this area, offering a potential buying opportunity. It is recommended to position your stop-loss at the previous higher low, ensuring adherence to proper risk management practices.
Nightly $SPX / $SPY Predictions for 12.30.2024🔮
📅 Mon Dec 30
⏰ 9:45am
Chicago PMI: 42.7 (previous: 40.2)
⏰ 10:00am
Pending Home Sales m/m: 0.9% (previous: 2.0%)
📅 Tue Dec 31
⏰ 9:00am
S&P/CS Composite-20 HPI y/y: 4.1% (previous: 4.6%)
📅 Thu Jan 2
⏰ 8:30am
Unemployment Claims: 220K (previous: 219K)
⏰ 9:45am
Final Manufacturing PMI: 48.3 (previous: 48.3)
⏰ 11:00am
Crude Oil Inventories
📅 Fri Jan 3
⏰ 10:00am
ISM Manufacturing PMI: 48.3 (previous: 48.4)
GAP ABOVE HPZ:
Markets are playing traders
like a fiddle. If it pumps then
an impeding drop
OPEN WITHIN EEZ:
Tag the upper levels before
drop into 5951 area
GAP BELOW HCZ:
This will cause extreme hedging
which will drag the markets up higher
before a dump lower
#trading #stock #stockmarket #today #daytrading #swingtrading #charting #investing
POTENTIAL 500 PIP MOVE Top down analysis done from daily chart to find overall structure (bearish)
on the 4 hour timeframe found a new low point which was also a new point B for Fibs to be considered new Lower Low also at a daily key level of support
new fib drawn out so we can see pull back to at least 38.2% which is a 150 pip move Bullish (counter trend trade) to then fulfill long term trade.
#202452 - priceactiontds - year end special - wti crude oilGood Evening and I hope you are well.
comment: Probably the most boring outlook to write. Oil has been in a triangle since 2023-09 and we will see a bigger breakout in 2025. To which side? Absolutely no idea. Oil has been stuck inside a 10% range for the past 10 weeks and it’s almost not possible that the range contracts further. We have nested triangles and the biggest of those can play out a couple of more weeks. It’s always possible that the pattern fails and market could just continue sideways for longer. Since I don’t have a crystal ball, I do not have an opinion on where this could break out. Market is in total balance around 69. I will continue to take this market level by level and play the given range. Since neither side has any arguments for their case, I won’t write a bull/bear case for this. If you don’t like trading ranges, just don’t trade this.
current market cycle: trading range (nested triangles on multiple time frames)
key levels for 2025: 65 - 75
short term: I won’t make up stuff. Market is as neutral as it gets. Clear support 66/67 and clear resistance 70.5 / 72.3
medium-long term: Nope to the nopedy nope. Go follow some macro schmackro dude who tells the world Oil will go to 100$ again because of *insert hypothetical macro event*.
current swing trade: None
#202452 - priceactiontds - year end special nasdaq eminiGood Evening and I hope you are well.
comment: If you have read part 1 of 2, much of the following will be the same. Nasdaq has now gained 80%+ since the 2022-10 lows. Again, if you think it’s more likely that we will do another 15%+ up next year because this time it’s different, I don’t have much for you and you can stop reading now.
Now matter how you draw the bull trend since, it has had at least 3 clear big legs up where the last one was the shortest with the least pull-backs. The confirmation for it to end would be consecutive daily closes below 20800. For now bears have not had two consecutive weekly bear bars since September. The trend is overdone to say the least. As for dax and sp500, a 20% correction would bring us down to big previous support 2024-04 and 2024-08 at 17900. My first medium-term target would be the big bull trend line, which is overlapping a fair bit with the monthly 20ema. The trend line is around 19700-20000 and the monthly 20ema is currently at 18900. For the near term I expect the market to get it’s second leg down early in 2025 and potential targets are the 50% pb of the last bull leg and the previous ath from 2024-07 which would bring us to 20400-20650.
current market cycle: Bull trend of the past two years has likely ended and new lows below 20900 will be the confirmation, at least to me. Technically only a break of the big bull trend line would confirm it (around 19700 currently)
key levels for 2025: 17800 - 22500 (decent chance we will see 20000 only in the first couple of weeks and then only in a couple of months or years again)
bull case: Bull trend is technically over once we break below the bull trend line which is currently 19600. Bulls are still very far above that and trading above the weekly 20ema. They remain in control for now but after such a long ongoing rally they are trading the momentum only because stonkz can only go up eh. I really don’t have much for the bulls here. We could do another try of 22000 and above and even print a new ath but the upside will probably be very limited. Don’t expect bullish outlooks from me over the next weeks. I will only scalp long on big support. The best outcome for bulls that I see is sideways above 20000. Anything below will accelerate to the downside.
Invalidation is below 17400. Below that price, an event has happened or is happening. For now it’s unreasonable to ever think this market could see prices below 15000 again.
bear case: In order, my first big target for the bears for 2025 is 19000, where I expect more sideways movement. Below 19000 comes 18000 which was previous support and the lowest I can see this for now is 17400. Bears would need stronger follow through below 21500 early in January and then make new lows below 20900. Then I see the odds of a measured move down to 19500-20000 as decent. On my weekly chart you can see my preferred path forward for the next months. 3 legs down where leg 1 was the drop from 22450 to 21000. I do think it’s much more likely to expect a break of the dashed bull trend line than another leg up.
Invalidation is above 22600.
short term: The year end rally was stopped short at 22110 and I don’t think bulls have enough strength to go above it Monday/Tuesday. We could see a spike up after new years but if we close 2024 below 21500, I expect the spike to be sold as well. If we don’t trade above 22000 by 2025-01-03, I see the odds that the top is in at 70%. My short term target for the bears is 21000 and lowest for now is 20700 for me. If 20700 is not bigger support, 20300 is my next target.
medium-long term: As stated above, “If we don’t trade above 22000 by 2025-01-03, I see the odds that the top is in at 70%.”. In that case, my bear targets medium term are 19000 and long term lowest target as of now, is 17400. Anything above 22500 would surprise me.
current swing trade: I will initiate longer term shorts depending on next weeks price action. Any short would need a stop with at least 22600.
EURUSD OUTLOOKHi Traders
Toady 27 December 2024 Here is Overview of EURUSD To Bullish Pattern Based On The market Condition Guys The price already Reached on Trend Line and papers in Buy side The Chart also show price What's Next Target.
Resistance Zone 1.04470
Support Area 1.04000
After market Rebound to our Target Guys Share Idea what's Going On Thanks.
PLZ Support with like and Comments.