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ETH H&S Insight: Confluence Aligns for January ReversalOverview On the higher timeframes, ETH is in the process of forming a Head and Shoulders (H&S) pattern. The left shoulder and head are already complete, with price currently downtrending to form the right shoulder. Following an impulsive bullish run to take out the highs, ETH has faced two rejections at those levels, initiating a corrective move lower. Key Technical Levels and Confluences 1. Support Zone for the Right Shoulder Formation Primary Target Level: $2800 (aligned with the left shoulder structure). Support Zone: $2941.12–$2812.7 (a highly confluent range for long positions). 2. Anchored VWAP Analysis Anchored VWAP from the 12th October 2023 low is currently positioned at $2900, offering dynamic support and aligning with the left shoulder’s structural low. 3. Fibonacci Retracement Levels (From the Impulse Wave) Fib 0.666: $2941.12 Fib 0.702: $2877.99 Both levels fall within the support zone, reinforcing its importance as a high-probability area for reversal. 4. Fibonacci Extension Levels From the Current Range: Fib Extension Target: $2812.7, precisely aligning with the key level of $2800. From the Higher Trading Range: Fib 2 Extension: $2893, offering additional confluence with other levels in the support zone. 5. Fibonacci Speed Fan Drawing the Fibonacci Speed Fan from the 6th September 2024 low to the 16th December 2024 high, the Fib 0.7 level intersects at $2900. This confluence is projected to align with price action on 9th–10th January 2025, adding a temporal element to this setup. 6. Psychological Level The $3000 level represents a strong psychological barrier. While the primary support lies lower, price could find an early reaction at this level. Trading Plan: Long Setup for the Right Shoulder Support Zone: $2941.12–$2812.7 Primary Trade Setup: Place long positions within the support zone, focusing on the confluence of levels for a higher-probability reversal. Scaling Strategy: Employ a Dollar-Cost Averaging (DCA) approach to gradually build a position. Consider initial entries at $3000 as a psychological bounce is possible. Confluence Highlights: Anchored VWAP at $2900. Fibonacci retracement levels (0.666 at $2941.12 and 0.702 at $2877.99). Fibonacci extension targets (current range: $2812.7, higher range: $2893). Fibonacci Speed Fan (0.7 level at $2900). Historical structural alignment with the left shoulder at $2800. Conclusion ETH is approaching a high-confluence support zone between $2941.12–$2812.7, making it an attractive area for long setups to complete the Head and Shoulders pattern. Utilising a DCA strategy and scaling into positions ensures optimal risk management. Early entries around $3000 could also yield opportunities, as this level holds psychological significance.
COINBASE:ETHUSDShort
by SiDec
$TLOS Daily Chart - Inverse Head & Shoulders #BullishWhat’s up $TLOS - Almost 2025 👑 $TLOS Daily Chart - Inverse H&S Possible Scenario👀 After a nice correction & Market Manipulation, we are down on what I will call the floor, anything close to $0.20 imo is the floor range, accumulation zone. If you compare with CRYPTOCAP:BTC - $TLOS is at literally the Floor that gave us last time 10x from $0.06 to ~0.6. At that moment $TLOS didn’t have the amount of utility that has NOW & the team behind is just getting better and better to support the Fundamental Analysis. Just for knowledge, if #Telos decided to do a 10X move now, it will take us to $2.3 & I still think we will be Undervalued there, MC will be ~ 1B$. People that knows more than me says, this is when huge money should flow into the BEST project with NO ICO, ZERO Unlocked Tokens, L0, L1, L2, ZK, SNARKtor, fastest EVM, No MEV, with its own #CEX that will #buyback $TLOS with 💯% of the fees, that’s how you get Liquidity in our Ecosystem. Q1 TelosX CEX will be released & I feel that 2025 looks bullish all around 🤙🏾 @TelosX_official @HelloTelos I see $TLOS as a Stock & DCA as the best tool for it. $TLOS is my CRYPTOCAP:BTC & my $401K Happy New Year 🎆 #DVNCI 🐢🥷🏽
Long
by DaVinci_PR
Bitcoin With a double bottom on the 15 min Identify the Pattern: Look for two distinct lows at approximately the same price level, separated by a peak. This pattern resembles the letter "W" and indicates a potential reversal from a downtrend to an uptrend. Confirm the Pattern: Ensure that the second bottom is not lower than the first, and the price has bounced off the support level twice. The peak between the two bottoms should act as a resistance level. Entry Point: Consider entering a long position when the price breaks above the resistance level (the peak between the two bottoms). This breakout confirms the pattern and suggests a potential upward movement. Stop-Loss Placement: Place a stop-loss order below the second bottom to manage risk. This helps protect against false breakouts or unexpected price movements. Target Price: Set a target price by measuring the distance from the bottoms to the peak and projecting it upwards from the breakout point. This gives an estimated price target for the trade. Monitor Volume: Look for increased trading volume during the breakout, as this can confirm the strength of the pattern and the likelihood of a successful trade. Risk Management: Ensure proper risk management by not risking more than a small percentage of your trading capital on this single trade. Disclaimer: Trading cryptocurrencies involves significant risk, and it's important to conduct thorough research and consider your risk tolerance before making any trading decisions. Always use proper risk management techniques and consult with a financial advisor if needed.
COINBASE:BTCUSDLong
by CapitalGainz33
Bear control: The story of DMARTRecent fall in DMART prices looks like a complete turnaround in the stock's story. DMART is indeed in the business of real-estate more than modern trade. Looks like the upcoming quick commerce players and e-commerce players are eating away the top-line for the company. On technical charts DMART had a huge selling volume and breaking of all the fib levels about to take a crucial support now. If the upcoming support is broken from 3,200 we can see 2,500 levels too... JAN'25 results will play a crucial part. As of now this looks neutral on outlook till the upcoming result.
NSE:DMART
by jainilpt
The Impulse Master indicator nailed the top of this rallyThe Impulse Master indicator accurately identified the top in NQ (Nasdaq Futures) and signaled a shift in market structure. The key observation here is the breakdown under the critical support level, which confirmed a reversal in the trend. Explanation of the Pattern: Supply Zone and Reversal Signal: The chart highlights a supply zone where bullish momentum begins to stall. This area marks the exhaustion of buying pressure, as seen with the "Turn Down" label. The price repeatedly failed to break higher within this zone, signaling a potential reversal. Support Breakdown Logic: A rally typically continues as long as the price respects key support levels. Think of the structure as comprising a micro wave iv (a small corrective dip) followed by a wave v up (a final push higher). In this case, the breakdown below the first major support invalidates the continuation of the uptrend. The failure of bulls to produce a higher high off the low created by wave iv is a clear indication that the rally has ended. Confirmation of Trend Reversal: Once the price broke below support, the rally's structure was compromised. This failure to sustain higher levels signals the transition from a bullish trend to a bearish phase, as confirmed by the "Trend Down" signal and the formation of resistance at 21,652.81. Indicator Precision: The Impulse Master indicator effectively mapped the turning points in the market, including the Breakout Zone, the critical support retest, and the ultimate rejection leading to a downtrend. Key Takeaway: The breakdown below ** the key support** is a crucial confirmation that the uptrend has concluded. This methodology highlights the importance of observing raising support levels as benchmarks for trend continuation or bearish reversal. ***When bulls fail to push the priceto a higher high after a corrective dip, then drops under the previously made low, it serves as a reliable signal that the rally is over and a new down trending move might have started.***
CME_MINI:NQ1!Short
by CastAwayTrader
BTC to reach new all-time highs in Q1 2025I am not yet convinced BTC has fallen far enough to be written off as the end of this push. My idea here is based on perceived symmetry between Nov-Dec 2023, and Nov-Dec 2024. fig. 1a As you can see here, in both 2023 and 2024 following pushes started around September that took the price above the levels I consider to indicate a long term uptrend. the uppermost peach coloured line is an upper bollinger band based on a 90-week SMA... I have found it provides an accurate idea of multi-year trends, allowing better judgement of the end of a trend as seen when viewing data from the 2020-2021 bullish push. fig. 1b The other set of peach bollinger bands are 2-week length with a positive offset. They act similar to a normal moving average but can give earlier buy-in points, and earlier sell signals. Other than those, there are shorter timeframe versions of both in use, that give indications of oversold/overbought, and of buy and sell points for shorter-term trades. Back to fig 1a, we that following the identified pushes, from November to December, we see a consolidation phase in almost the exact same shape. There's a sharp drop at first, then a short push to attempt a continuation of the bullish trend, and then a sudden sharp drop, forming the largest leg of the pattern. Now, looking at this closely we see that in 2023 BTC hits the upper of the 90-week BB and then bounces back up from it starting the Q1 push of 2024. As we remain above this level, I do not believe the final nail has been driven into BTC's coffin. These next two images, taken from a 6hr chart, demonstrate that this pattern previously mentioned is not just perceived, but reflected in technical indicators. In both cases, the CCI reaches overbought, and pulls back below the MA until it's under 100, where we see a false signal caused by a very short bullish push, after which we see a real push back into overbought, and then a drop to below -100. At this point, I will add that I am neither bullish nor bearish right now. I am not saying the market WILL go up, but that it still has the potential to. Fibonnaci retrace projections are giving me a bit of trouble as using them for the long-term trend is showing that we're at the limit of this push, whereas just viewing this push separately, shows we've hit a key support level which may be why we aren't seeing a real push below 93,000. To conclude, I don't think it's best to write off the possibility of another push just yet, but be ready because that point will be reached within the next month or so. Thanks for reading, if you made it this far - lmk your opinions in the comments. I'll try to update with any interesting developments :)
KRAKEN:BTCUSDLong
by eesachariwala
Could silver outperform next year?Gold has had a tremendous year, having added 35% from early January to its new all-time high in October. Perhaps it’s more accurate to say that it had an incredible eight months, rallying from below $2,000 in mid-February to $2,790 at the end of October, for a gain of 40%. But it has struggled since then. Fundamentally, there’s evidence that certain newer, and perhaps more enlightened, central banks (led by the People’s Bank of China) remain strong buyers. But the dollar’s rally since late September hasn’t flattered the gold price, although it now appears to be consolidating quite happily just above $2,600. The Fed’s hawkish rate cut before the holidays has also failed to boost gold’s short-term appeal. It’s possible that gold may get a second bite of the cherry in 2025, particularly if investors sour on equities, and look around for alternatives. But it could be that next year will prove to be silver’s turn in the spotlight. Silver began the year below $24 per ounce. But it came within a few cents of $35 at the end of October for an overall gain of 46%. This was still significantly below its all-time high just shy of $50 from 2011. And since October, silver has lost around 15%. A look at the chart suggests that there could be a head and shoulders developing, which would be completed once silver gets back to $28 or thereabouts. That would also see the daily MACD reset at oversold levels. Busted flush, or opportunity?
TRADENATION:XAGUSD
by TradeNation
Just In: BGB Set for Breakout as Bitget Conclude 800M Token BurnThe cryptocurrency market has been abuzz with excitement following Bitget’s monumental token burn. The event has set the stage for a potential breakout in the price of Bitget’s native token, $BGB. With both technical and fundamental factors aligning, market participants are optimistic about what’s next for the asset. Tokenomics Boosted by Massive Burn Bitget’s decision to burn 800 million BGB tokens, equivalent to 40% of its total supply, marks a significant step in strengthening the token’s value proposition. The burn, worth approximately $5.2 billion, was executed through five multi-sig wallet addresses, as confirmed by on-chain tracker @ai_9684xtpa. Key wallets involved in the burn include addresses such as (0x2dd), (0xe36), and (0x255), as reported by Arkham. This move aligns with Bitget’s updated tokenomics strategy outlined in its latest white paper. By reducing the token’s supply, Bitget is adhering to the fundamental economic principle of supply and demand. With fewer tokens in circulation, the potential for price appreciation increases, especially as demand grows within the platform’s ecosystem. Adding to the bullish sentiment, Bitget has unified its ecosystem by merging the BWB and BGB tokens. This strategic consolidation is expected to enhance utility and simplify the user experience, further bolstering market confidence. Technical Analysis As of the time of writing, NYSE:BGB is trading at $6.23, down 0.86% intraday. Despite this minor decline, the token has shown impressive weekly gains of 56%, reflecting strong bullish momentum. The current price action places NYSE:BGB within the 38.2% Fibonacci retracement level, which serves as a minor support zone. However, the major support lies at the 61.8% Fibonacci retracement level. This psychological level is crucial, as it has historically acted as a “buy zone,” shaking out weak hands and attracting liquidity. A bounce from this level could trigger significant upward movement. On the resistance side, the immediate target is the recent high of $7.19. A breakout above this level could pave the way for a retest of higher levels, fueled by renewed market optimism and robust tokenomics. Market Sentiment and Broader Implications The broader market’s recent volatility has impacted NYSE:BGB ’s price, yet the token’s fundamentals remain strong. The successful token burn and the unified ecosystem have injected fresh optimism into the community. These developments, combined with NYSE:BGB ’s technical setup, position the token for potential phenomenal gains in the near future. Looking ahead, market watchers are closely monitoring NYSE:BGB ’s price action as it navigates critical support and resistance levels. With reduced supply and an improved ecosystem, NYSE:BGB is well-poised to capitalize on the next bullish wave in the crypto market. Conclusion Bitget’s 800M token burn is a landmark event that underscores the exchange’s commitment to enhancing NYSE:BGB ’s value. While the token’s price currently consolidates, both technical and fundamental indicators point toward a potential breakout. As the market digests these developments, NYSE:BGB remains a token to watch for investors seeking exposure to innovative and fundamentally sound crypto assets.
Long
by DEXWireNews