Wave Analysis
Bitcoin Next TargetHello.
After a long time , i have a super prediction for you...
Now BTC hit a new ATH , So this is due to breaking a diagonal channel and pullback to the upper line.(Yellow channel on the chart).
In addition , if we take a look at USDT dominance chart we see a breakout of a longterm channel and a trendline.so it will be reach about 3.90% - 4%.
In my opinion and according to wave analysis , the shortterm target for BTC is 86000$ and the long term target is 106000$.
thanks for reading my opinion.
wish you to Have good investments.
TRBUSDT - is it dead cat bounce ? What's next??#TRBUSDT.. after a perfect drop now market is near to his resistance area.
Question is that is it dead cat bounce or low are placed?
Well guys we have 57.40-50 that is our resistance area now and if market hold it in that case we can see again a drop towards next supporting area.
But keep in mind that we will go for cut n reverse above 57.40 on confirmation.
Good luck
Trade wisely
[BTC] Downtrend for Bitcoin's uptrend.
Bitcoin has supported 9 times in 2 months at 25ema, but this time it didn't.
The current downtrend is very strong, but there are several support bases including wave indicators at 90k-87k. This section (90k-87k) is a pretty good section, but since news and market trends are unpredictable, you should watch carefully and enter.
TOTAL3 - UniverseMetta - Analysis#TOTAL3 - UniverseMetta - Analysis
After reaching $1.16T, the chart formed a second peak, followed by a retest that completed a three-wave structure. The first target of the pattern has already been achieved. The next targets are $791.16B, with a worst-case scenario of $564.76B. However, the channel is still forming, and the price could remain within it.
Historical analysis of year-end movements for major assets (BTC, ETH, SOL, etc.) indicates that prices often stay in a corrective phase (ABC structure) until the end of December, followed by growth. This is not financial advice, but rather an observation of past trends.
Target levels: $791.16B - $564.76B
BTCUSDT - UniverseMetta - Analysis#BTCUSDT - UniverseMetta - Analysis
After reaching its all-time high (ATH) of $108,300, the price has remained in a prolonged bullish trend. Currently, there are signs that the 5th wave of the global trend may have completed its formation. The price exiting the ascending channel suggests the beginning of an ABC corrective structure. Key support levels are at $91,000 and $85,000, where portfolio allocation can potentially be increased.
Target levels: $91,000 - $71,000
Natural Gas !! Bulls are Still on the Road.How's the Josh trader ??
Natural gas has a Good Setup... I am extremely sorry to update so late, I am holding it 225 Levels and I am expecting it to go towards 370-375 Levels.
As we Can Clearly see on Chart ... Natural Gas is on the rally towards Wave 3 ( Wave 3 is the longest in Impulse Wave ) so I am Clearly Betting towards 370-375 Levels.
SO,
LONG NATURAL GAS @ MARKET PRICE
TARGET @ 370-375
STOPLOSS @ OPEN
NOTE : THIS IS FOR EDUCATIONAL PURPOSE PLEASE REFER TO YOUR FINANCIAL ADVISOR BEFORE TAKING ANY TRADE
Have A Good Day Traders.
The Nifty spot intraday trend forecast for December 23, 2024The Nifty spot intraday trend for December 23rd indicates a bearish outlook. With the previous support level breached, the next strong support is at 23,020. However, it is important to note that timing plays a crucial role in all market activities. Our bearish outlook is expected to continue until December 27th, 2024.
Please be aware that the mentioned levels may vary due to potential gaps on either side. This content is intended solely for educational purposes, and I strongly advise against trading in derivatives.
A new signal to maintain purchasesTo date, we have passed the middle of the month, I want to consider the prospects for the end of the year. The second half of the month opened positively on the air above 3750 and 3850, which gives signals to exit above 4000 in order to test the 4250-4500 range. This is a positive signal for altcoins, and therefore we have seen new growth impulses for coins for the upcoming continuation of the trend. Bitcoin opened the second half of the month above 100k, which reduces the probability of a retest of 75-85k in the near future. However, an opening below 102.5 gives a signal for a flat of about 100k with attempts to go lower. With this picture, it is likely to go to the 110-115k test with a further return to 100k by the end of the year, which will lead to a rollback on the air, even taking into account positive signals.
According to the overall picture, the probability of growth this week prevails as part of the continuation of the trend of the current month and quarter. But from next week until the end of the year, it is worth keeping in mind the likelihood of a new wave of pullback in the market according to the annual schedule, which may continue in January. With such a picture, it is worth being careful about overbought coins with large capitalization. As I wrote earlier, the rollback on such coins, which began at the first market disruption at the beginning of the month, may continue until the end of the year with the transition to active sales in the new year. More interesting are the oversold coins, which continue to turn the annual candle into a bullish one.
New waves of growth on the local market, in particular, can be expected for VIB. Signals have been left for further overshooting and in the event of a breakdown from the third wave of 0.125, the road to the range of 0.15-25 will open. Growth is still going against the entrenched bearish trend on the monthly chart, giving rebounds from key levels and new opportunities for safe earnings without excessive overbought.
A local replay can also show OG TROY AST. According to OG, there are clear signals for a retest of 7.5-9$ at least. The token has quite a lot of liquidity, which provides sharp breakouts.
TROY, along with OG, has signals for further overshooting. In the case of a 0.0075 breakdown, there is a probability of a powerful growth wave for the 0.0125-150 test. At the moment, we are working out the sales momentum of 0.0035, which occurred before the last wave of growth. From 0.035-40 from the third wave, there is already a chance to break above 0.0075. However, with a negative market, there is a probability of a breakdown to 0.0250-275 before the start of growth on the move.
AST has targets at 0.21-25, where it can break through in case of consolidation above 0.15. However, incomplete emission exerts additional pressure, which leads to trend disruptions and increases the likelihood of a breakdown as we approach the end of the year.
This month, there has not yet been a new delisting announcement, which threatens the dynamics of coins with the monitoring tag. If there is no announcement in the next couple of days, I will be looking at new AKRO and VITE purchases in the second half of the week. Also, with them, HARD can give a new impetus. However, the threat of delisting next week is likely to make the growth waves quite short-term.
Broke The Falling Wedge Bought mine between 1.3 and 1.4 again at the support of 1.73
My game plan
TP 1: 2.34 (take 20% of investment)
TP 2: 2.84 (take 20% of investment)
TP 3: 3.40 (take 20% of investment)
TP 4: 4.14 (take 40% of investment)
Above 4.14 everything will be in profit and let it run will sell 70% on old ATH
GBPNZD Will Go Lower! Sell!
Here is our detailed technical review for GBPNZD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2.218.
Considering the today's price action, probabilities will be high to see a movement to 2.208.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
Bitcoin continue going downHello crypto traders!
Yesterday I made an analysis, that made some profits for us!
1H and 4H trend is down. So, lets try to catch another successful trade setup here.
Currently, Bitcoin is trading at around $97,000 mark, reflecting a slight pullback from recent highs. The price has recently broken the major ascending trendline, which had provided support for a prolonged period.
Now we expect price to pull back to this trend line (~99,400$ level, I have short limit order here), and continue downward momentum.
I suggest taking profits at 94,700$ mark, this level aligns with strong resistance and 1.618 Fib level.
Don't forget to place stop loss :)
Control your risk while doing trading!
Merchants Bancorp/IN | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Merchants Bancorp/IN
- Double Formation
* Pennant Structure | Area Of Value | Subdivision 1
* Retracement 1 | Not Numbered
- Triple Formation
* 012345 | Wave Count Valid | 345 Template Ongoing Entry
* Retracment 2 | Numbered | Subdivision 2
* Daily Time Frame | Behavioural Settings | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
DXY Will Go Up From Support! Long!
Please, check our technical outlook for DXY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 106.945.
Taking into consideration the structure & trend analysis, I believe that the market will reach 108.251 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!