The last bullish chance of BITCOIN in Short term!Bitcoin reached a new high yesterday but then dropped to $92,000 to liquidate positions. This price decline created a bearish scenario. As you can see, Bitcoin is forming a descending wedge. If this pattern breaks, the price could drop to $92,000. However, we cannot say Bitcoin is bearish right now because as long as the wedge does not break, Bitcoin can still be bullish. So, we wait to be sure.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Trend Analysis
LTC, BUY ZONE COMING Hey guys I wanted to share a potential trade we are looking at entering at THE TRADER EDGE.
Looking at the daily here, last month we had a clean breakout with volume supporting the break. We couldn’t push pass that major resistance level. We are in the middle of a nice correction at the moment. If prices drop down to the breakout area and holds it as support around that $70-$80 buy zone that would be a great place to long IF everything else aligns in the market.
I will do my best to update this potential trade as it gets closer.
Stay safe, no emotions, God bless
thetraderedge.com
BTC.D Getting Rejected at the Trend Line Gives ALTS Hope After the Trump Pump delivered massive gains on a lot of coins since election day, it's not surprising to see some huge retracements. In fact the vast majority of ALTS have given back more than 40% with many in the 50% - 60% range. That capitulation means opportunities are coming. The question is whether or not we will get a legit Alt Season or if the Trump Pump was it.
Due to institutional demand and the ever changing dynamics in the crypto market we may not see BTC.D fall to the 40% - 45% levels, but failure to reclaim the 60% range after a rejection from the trend line may be an indication that we could get another crack at a legit Alt Season.
Keeping an eye on BTC.D and a select group of Alts to see how things develop from here.
BTCUSD is holding its MA50 (1d). Bullish!Bitcoin touched the MA50 (1d) today and immediately rebounded, making a strong statement of how important of a support level that is.
The last time it hit the MA50 was on October 11th.
The pull back resembles March 20th from Bitcoin's last major rally, which rebounded and hit the 0.786 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 105000 (the 0.786 Fib).
Tips:
1. The RSI (1d) patterns of the current correction and March's are virtually identical and in fact today it hit the exact same Support leve (46.50) it had when the price rebounded on March 19th.
Please like, follow and comment!!
Notes:
Past trading plan:
VELO While the market is currently experiencing a correction, I believe Velo will reach the 4 cent mark and potentially go even higher. However, my end goal for Velo, and generally for my entire portfolio, is to sell and rotate into existing assets if Velo hits above 15 cents while other assets remain stagnant.
I have a rule that I usually adhere to: my 100% is typically 80%, with the remaining 20% reserved for unexpected gains beyond my expectations.
Regarding the broader market cycle, I have concerns that this cycle might mirror 2017. Back then, BTC reached an all-time high (ATH) and shortly after, in December 2017, altcoins surged dramatically through January 2018.
I feel this way for two reasons:
BTC is at an ATH similar to 2017.
Trump has stated his objective to have a BTC reserve of 1 million. Do you think they will buy the majority of the 1 million at the current price, or will they tank the market, which is already at a peak in many sectors?
good position for buyhello friends
This currency gave us a good correction considering the growth it has had and the money it has received.
Now, step by step on this point and in case of correction, it is worth buying more than the goals we specified for you.
{Note that it is better to make your purchases step by step...}
Be successful and profitable
Rising from the Ashes: EURO's Path to RecoveryGood day traders,
Trust we all profited from the FOMC report of yesterday.
Please take a moment to go through my outlook and expectation on Euro in the coming weeks into the new year.
Overview
EUR/USD appears to be rebounding after a sharp decline triggered by yesterday's FOMC report, where the FED delivered a hawkish 25bps cut, which drove higher market-driven borrowing costs, a stronger dollar and a sharp drop in stocks. From the start of the week EURUSD had previously been consolidating, during which weak buyers (traders) were caught off guard by a false breakout to the upside, reaching a weekly high of 1.05342 on Tuesday.
Idea
The subsequent sell-off drove the pair to a four-week low of 1.03439, just above the November 22nd low of 1.03324. This drop aligns with a key Fibonacci reversal pattern under Elliott Wave theory, suggesting the potential for a significant rally. If this pattern holds, EUR/USD could gain approximately 400 pips (1.08150) in the coming weeks, with the recovery likely extending into the new year.
Conclusion
The recent low is expected to act as a firm support level, and a breach of the November low appears unlikely. This anticipated rally could mark the beginning of a period of recovery and optimism for the euro.
Cheers! Merry Christmas and Happy New Year in advance.
BTC.D Long-term SpeculationLooking at this chart objectively, it is currently in a lifelong downtrend and we should now expect a rapid and sustained decline to around 13-17% from where we are now in a wave 3 of 3. This changes if dominance exceeds 63.32% or if the next move down doesn't reach the 1.618 extension and starts to look like the C wave of an ABC correction of an uptrend...
HolderStat | BTC bulls leaving the ship?Over the last 3 days, $2.5 billion has been liquidated in the futures market, 83% of which is longs. The BTC price dropped to $96,613 (-4.6% for the week), the fear index dropped 7 points, and outflows from spot ETFs totaled an impressive $680 million.
❌ Is this a signal? No, it's a pattern. Corrections like this “drop off the tourists,” opening up new opportunities for those who know how to act strategically.
Even El Salvador did not flinch under IMF pressure and bought 11 BTC. Their wallet is usually replenished by 1 BTC per day - something is clearly brewing. What have you done?
💡 What to do?
1️⃣ Analyze key support levels.
2️⃣ Watch liquidity: BTC dominance remains high (59%), which confirms interest in the asset.
3️⃣ Evaluate trading volumes on pullbacks.
⚡️ Correction is not a time for panic, but a moment for cold-blooded analysis and precise actions.
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XAU/USD "GOLD vs US Dollar" Metal Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the XAU/USD "GOLD vs US Dollar" Metal market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📉 : You can enter a short trade at any point,
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest high level.
Goal 🎯: 2540.00 or Before
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
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Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
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Ripple-XRPUSD Periodic Analysis (Issue 54)The analyst believes that the price of { XRPUSD } will increase in the next 24 hours. This prediction is based on quantitative analysis of the price trend.
Please note that the specified take-profit level does not imply a prediction that the price will reach that point. In this framework of analysis and trading, unlike the stop-loss, which is mandatory, setting a take-profit level is optional. Whether the price reaches the take-profit level or not is of no significance, as the results are calculated based on the start and end times. The take-profit level merely indicates the potential maximum price fluctuation within that time frame.
Bitcoin (BTC/USD) Analysis – December 21, 2024Bitcoin (BTC/USD) Analysis – December 21, 2024
Overview:
Let’s focus on Bitcoin (BTC/USD). Over the past few weeks, Bitcoin has been pumping steadily, but it now appears to be losing momentum. The market structure has created an imbalance, suggesting a potential decline in the coming weeks.
Trade Idea:
Potential Buy Zone: The price could fall to the marked zone around $73,000.
Entry Timing: Avoid entering immediately when the price reaches this level. Instead, wait for a clear reaction—such as bullish confirmation or upward momentum—before considering a buying opportunity.
Key Considerations:
This setup is similar to the structure seen in the German Index (DE40), which showed comparable behavior before a significant drop. The resemblance in patterns could signal a similar outcome for Bitcoin.
Monitor price action closely in the coming weeks for signs of reversal once the price reaches the anticipated zone.
Risk Management:
Do Not Rush: This is not financial advice. Always wait for clear entry signals before making any decisions.
Stay Disciplined: Protecting your capital is more important than making profits. Use proper stop-loss levels to safeguard your trades.
Trading Requires Patience: A reactive approach is key. Trading is about responding to what the market shows you, not forcing predictions.
Final Note:
Making no money is always better than losing money. Watch Bitcoin closely in the coming weeks, and stay disciplined in your analysis. Let’s see how the market unfolds. See you in the next update!
Is the dump over??as we can see price got back up from 92k... a little more than our target of 99-91k zone...now the question is if it was a pullback or the bulls or back and we're going to attack 100k zone again
I personally gonna keep a little liquidity for the lower prices but not gonna get surpised if we go up
GOLD Analysis and ForecastGOLD is trading around 2,602. bouncing off the low of 2,582. Now the price is above 2,600 which means it could continue its rise in the next few hours and reach the 21 SMA around 2,645.
Technically, XAU/USD is below the key pivot point located at 2,656 which means that it could reach the 200 EMA located at 2,512 in the short term and even reach the psychological level of $2,500.
Our outlook is bearish, so we will look for opportunities to sell below 2,590.
Besides, in case it bounces back to 4/8 Murray, it will be seen as an opportunity to sell.
Technically, we can see that gold has reached oversold levels on the 4H chart.
The gap left at 2,562 remains to be covered. All this means that gold could make a strong fall and then make a sustained technical rebound.
Our trading plan for the next few hours is to sell gold if it falls below 2,590 or buy above 2,600 with targets at 2,645 and 2,656.
Where should we buy DRIFT?It seems that from SW H onwards, DRIFT has entered a correction phase.
It could move downward from the red zone (for wave C). Along with the price correction, there will also be a time correction.
There is a fresh demand zone, where short-term buy/long positions can be considered.
The closure of a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You