Trend Analysis
Crypto Market analysis - Total 2TOTAL2 has been a very reliable chart to base the bull runs on. We're looking at it now to see where we could potentially reverse. For this chart to be bearish, we would have to take out the low at 850 billion. As long as we put a higher low above that, the chart will remain bullish in the longer term.
Between August and November, we went through an accumulation phase, where we put consecutive higher lows after completing a bullish harmonic. We can also see that from the low to the first higher low, before breaking out of the exponential down curve, we retraced a perfect 0.786, which is very typical of a wave 2 retracement. If you then take the Fibonacci extension levels from the high to the low, we hit a perfect 4.618 extension, which is uncommon but very possible for a wave 3 extension. This would currently put us in a wave 4 correction.
We have retraced and have today cut through the 0.382 retracement level and are sitting at the 1.26 support. However, this isn't a reliable support, as it only acted as resistance in the past and has never been held as support. We could, therefore, expect to go lower, and the next level would be the 0.5 retracement level at 1.21 trillion.
For a wave 4, it is common to retrace between the 0.5 and 0.618, and the 0.618 is around 1.11 trillion, which is where the next zone of support sits. I would, therefore, find it possible, if not probable, to retrace all the way down to the 0.618 at 1.11 trillion dollars and accumulate within that zone of support before the next substantial rally.
The next substantial rally will hopefully bring us to all-time highs, but it does not necessarily have to do that. We could retrace and put in another lower high, which would, at that point, confirm distribution and likely indicate a mid-to-long-term pause in the bull market, if not a reversal into a bear market. Until this happens, or we take out the low at 850, we remain bullish.
The last points to consider are that we didn't distribute at the highs and didn't have a major liquidation event, this suggests that these assets will revisit the highs or have deep retraces into them. We are also developing bullish divergence which will mature as long as we stay above 850 b. For that reason, we are not selling anything at these prices.
Conclusion
Analyze prices carefully around these levels:
The current support at 1.26.
The next support at 1.11 trillion.
Look for TOTAL2 to showcase bullish accumulation or reversal.
Once TOTAL2 signals its direction, focus on individual assets that align with the macro trend.
Updates on specific positions will follow.
GOLD → Consolidation after the fall. Trading inside the rangeFX:XAUUSD is forming consolidation in a new bearish plane after a strong fall on Wednesday. The emphasis is on 2622 - 2581. The fundamental background is negative and technically the price is testing the lows.
On Wednesday, the Fed adopted a more conservative approach to monetary policy, laying down only 2 rate cuts in 2025, which generally had a negative impact on the whole market except for the dollar, which is breaking through local highs.
Today traders await the release of the PCE, which is the Fed's preferred measure of inflation. Any surprise in the PCE data or an escalation of political uncertainty could push metal prices up.
From a technical point of view, the gold market remains in the previously mentioned consolidation, and prices fluctuate in wide ranges, which is generally logical for the end of the calendar year: reduced liquidity and increased volatility...
Resistance levels: 2616, 2622
Support levels: 2589, 2581, 2560
Since the price is inside the consolidation, it is worth considering trading from the boundaries of this range. In the long term, I expect a retest of the key resistance 2616-2622 in the form of a false breakdown and a fall towards local lows
Regards R. Linda!
$SPY December 20, 2024AMEX:SPY December 20, 2024
15 Minutes.
As expected base being formed after brutal fall.
Still in downtrend as below all moving averages.
We can see oscillator divergence.
We have multiple hits around 586 levels.
If break. i see more 10$ downside towards 576 levels.
To test 100 average support 240 minutes chart.
No longs. Yet.
GOLD (XAUUSD) - Daily & H4 - Technical Analysis & Trading Ideas💡 All Technical Analysis & Trading Ideas are generated by #4CastMachine AI software.
Mid-term forecast (Daily TF):
While the price is above the support 2475.27, resumption of uptrend is expected.
There is a possibility of upward price rejection in the areas indicated on the chart.
If the support at 2475.27 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Short-term forecast (H4 TF):
Bearish wave toward the Buy Zone
If the price is rejected from the buy zone, another impulse wave will start toward higher TPs.
SL: Below 2560.27
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Ripple must rest before +10$- update on this analysis:
- 5D timeframe presents several signs of overextension with the RSI reaching almost record highs meanwhile the 5D ATH close so far seems to be serious resistance
- it is unlikely Ripple is done with its rally overall but a consolidation similar to that in 2017 is expected
- once BTC is close to ATHs in 2025 (180 - 250k) it is very likely XRP will have it´s second leg higher that can take it to double digits
SOLBTC—UpdateA 300 days long support and accumulation zone has been activated. The range between 0.001700 and 0.002000. The recent drop is a bullish development.
SOLBTC can be bought at this level in anticipation of a new bullish wave.
300 days is a long time for a Cryptocurrency trading pair.
There is always a drop before a reversal.
After three hundred days of sideways we have a strong drop that is activating a major support range and at the same time producing a long-term higher low (vs March 2024). This is a bullish development and can signal the start of a new bullish wave for this pair.
Thank you for reading.
Choose to follow.
Namaste.
No Matter How Far You Fly, You Will Return SUI!No matter how far you fly, you will return to my primary demand zone, SUI.
While SUI is showing very nice increases, it is also active in terms of volume, there are buyers inside, but they are slowly running out, you see long wick candles, the reason I skipped the first demand zone is that everyone will be waiting there and such zones are directly skipped in dump situations of the market.
You saw this in the recent dump, in all my analyses, I wrote in 10 different analyses that dumps could come, and therefore the first box should not be used without approved upward breakouts. In fact, I did not give the first boxes in many analyses at the risk of being left out. That is why 10 of the 15 demand zones I shared came as points and are at an average of 15% profit. Right now, I pulled the stop of all of them to the entry and took my profit.
I will be patient for SUI because I did not act early. If you could not get it at cheap prices, your only solution is to be patient. If you cannot be patient, unfortunately, you cannot be a hunter. Maybe you hunt a few things by chance, but in the end you will be hunted.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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SUIUSD: The 1D MA50 held again. Bounce incoming.SUI turned stayed bullish on its 1D technical outlook (RSI = 58.166, MACD = 0.287, ADX = 25.285) as the short term pullback stopped right on the 1D MA50, touching it for the first time since November 5th. This kept the Channel Up intact while the RSI hit and bounced on its own 4 month S1 Zone. This is the buy signal for the new bullish wave. We are bullish and aiming for the minimum +140% increase (TP = 7.000).
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BITCOIN Will Go Lower From Resistance! Short!
Take a look at our analysis for BITCOIN.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 95,186.
The above observations make me that the market will inevitably achieve 90,936 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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DOGE is Bullish.The biggest Meme has been consolidating for over 1127 days. During that time it has been been ridiculed by the masses. I had been slowly accumulating and will continue if I we hold this area for a while. Why you may ask? The chart pattern has been mimicking ETH (see below) and the moving averages have been acting the same as well. In the ETH chart below, I did a replay and cut it to where I think we are to remove bias. Also to imagine what ETH holders were feeling and seeing at that time. I purposely did not include a price target but I think Doge will surprise a lot of people.
This is just my opinion and not financial advice. Please do your own research. Please boost this idea if you find it helpful.
Bitcoin(BTC): 200EMA, if broken might be in BIG troubleBitcoin made a massive sweep of liquidity, which might result in the major correctional movement that was needed (for a healthy upcoming bull run).
Breaking 200EMA would be a strong confirmation for a trend reversal so keep your attention there now!
Swallow Team
EURNZD I Short from top of the channel Welcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Anybody in for a reversal with me?Well, starting with the downtrend structure we had from the 1.34xx seems broken. Apparently, our beloved cable had to take all those early bulls out before it could go back reclaiming money it left at supply.
There are multiple evidences why I think we should be buying GBPUSD. Amongst the most prominent ones, we have:
1- Price being protected (twice) at the demand area
2- BOE held the rates, it does not mean UK is doing great at other variables such as inflation, trade balance, debt, job market etc., it just means they plan to maintain the burden on businesses and public with relatively higher mark ups on public lending. It might be a double edged sword but that is pretty much how capitalist economies maintain and control their inflation rates.
3- Market has not claimed the liquidity at marked supply area ever since it started dropping, so this might be a good start
4- This one might not have matured just yet, but it is diverging bullish here
This is my idea for adding small long positions starting Monday post intraday pullback, if you think I might be wrong, please let me know in the comments with proper reasoning. (saying because I need a reason to reconsider which I might be unable to see lol)
Cheers!
Bitcoin DominanceMaximum suffering is nearing completion for #alts
While the major correction that occurred in #Bitcoin recently will cause a major upward phase for CRYPTOCAP:BTC.D , it will also be left behind as a healthy RETEST for the supply zone lost on a monthly basis and the rising wedge.
CRYPTOCAP:BTC dominance confirms retest for retracement on monthly basis heikin ashi candles!
SBIN : at Wave C completion zoneSBIN Analysis (20th Dec 2024)
The chart of SBIN (State Bank of India) illustrates an extended retracement to mitigate liquidity, a failed breakout (BO), and a corrective wave completion. Let us dive into a step-by-step educational breakdown of actionable levels.
Current Structure:
The price has recently formed a corrective wave structure (A-B-C) and is trading near a potential demand zone around 818-834.
The first target zone lies between 850-852. Further breakout could lead to an extended target between 900-912.
The stop-loss is below 814, where failing the deep retracement may result in bearish continuation.
Action Plan:
Buying Opportunity: Consider entering near 818-834, as this aligns with the golden retracement zone. This is a low-risk entry given the confluence of previous support and corrective wave completion.
Targets: Book partial profits around 850-852. If momentum sustains, trail stop-loss to 845 and aim for 900-912 as the extended target.
Stop Loss: Place a stop-loss below 814 to manage risk. A failure here could invalidate the setup, resulting in further downside risk.
Risk-Reward Ratio: Buying around 830 with a target of 850 (initial) and 900 (extended) offers a risk-reward ratio of approximately 1:3, making it a favorable trade setup.
Key Educational Note:
Green trendlines denote bullish movement, while red illustrates potential bearish risks. The yellow trends indicate a sideways range, highlighting consolidation zones.
Disclaimer: This is not financial advice. Always consult with a SEBI-registered advisor before trading. Like and share if you find this analysis helpful!
BTCUSD NEXT MOVE POSSIBLE BTCUSD possible area is given in the chart further you can share your precious thoughts about my chart and ideas . According to my personal analysis bitcoin will hit the upper target again , This is the simple analysis of BTCUSD so you can only go for a perfect while .
Technical Targets are,
103000,107000,110000
Key Highlights ,
(Strong resistance breakout is confirmed)
(A clear upward trend suggest a Higher Target ahead)
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