If you follow the 1Day chart you'll see that the 50 day moving average is close to trend line support, ideally we need bitcoin to stay in this channel to reach a higher high before correcting properly, Christmas is apon us, usually some sell offs a week before, Trumps inauguration is January im sure alot of professional hodlers and traders are waiting for that and BTC. No one can be 100% correct but zoom out.
Price is back above 1.49 for the first time this month. Over August to November, price bounced between 1.49 and 1.5160 several times as the market was rangebound. Will the market now head towards 1.5160 again? There is a BOC rate statement coming up this week. Rates are expected to be reduced. A weaker CAD could help with the push higher.
NASDAQ 21460.25 need to be taken out... Entry still available for longs..
The broader cryptocurrency market faces uncertainty, with a possibility of no recovery by year-end. In light of this, I’ve adjusted my buy positions lower to reflect a more cautious approach. For POPCATUSDT.P, the blue box highlights a key buy zone where I anticipate strong support. I plan to join as a buyer within this area, looking for a favorable entry point aligned with current market sentiment. Key Points: Buy Zone: Blue box region Risk Management: Stop loss placed below the box Potential Target: Await confirmation of a bounce for upside momentum Remaining patient and disciplined will be crucial in navigating the current market conditions. Disclaimer: This is not financial advice. 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. My Previous Analysis ? DOGEUSDT.P: Next Move ? RENDERUSDT.P: Opportunity of the Month ? ETHUSDT.P: Where to Retrace ? BNBUSDT.P: Potential Surge ? BTC Dominance: Reaction Zone ? WAVESUSDT.P: Demand Zone Potential ? UNIUSDT.P: Long-Term Trade ? XRPUSDT.P: Entry Zones ? LINKUSDT.P: Follow The River ? BTCUSDT.P: Two Key Demand Zones ? POLUSDT: Bullish Momentum ? PENDLEUSDT: Where Opportunity Meets Precision ? BTCUSDT.P: Liquidation of Highly Leveraged Longs ? SOLUSDT.P: SOL's Dip - Your Opportunity ? 1000PEPEUSDT.P: Prime Bounce Zone Unlocked ? ETHUSDT.P: Set to Explode - Don't Miss This Game Changer ? IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One ? STMXUSDT: 2 Buying Areas
We are at a strong support level. Get ready for a significant move. If BTC doesn't have an impact, we could reach a favorable price level. T1: 1.18 - 1.20 (protect trade) - 4 hour T2: 1.35 (partial or close) - 4 hour T3: 1.50 (close) - daily Stoploss: 0.85 (4 hour) or 0.75 (daily)
USDJPY is trading inside a Channel Up and the price is starting to recover from November's bearish wave correction. It has already crossed above the MA50 (4h) and only the MA200 (4h) remains to confirm the trend shift. Trading Plan: 1. Buy after the price crosses above the MA200 (4h). Targets: 1. 162.500 (top of the Channel Up and under the 2.0 Fibonacci extension). Tips: 1. The RSI (4h) is printing a cup into Channel Up pattern, identical to the previous Low of the Channel Up. An additional buy signal. Please like, follow and comment!!
BTC is still in sideways corrective phase as I've mentioned. The structure of which has become more clear over time. If my analysis is correct, BTC will finish its corrective phase in the 3rd month of December, with visible appreciation in the 4rth month. Given the type of triangle we have according to EW, we should be able to take a (risky) short in the near future.
a Shooting Star Formation is actually a Negative Sign for a Stock. If anyone is thinking to Enter, should wait for a Proper Support level. Immediate Support seems to be around 174 -175 & then around 164 - 165. One plus point is that there is No Bearish Divergence so far onn Daily TF so it may give a bounce from the mentioned Support levels.
ETH experienced a strong pump, signaling the start of an altseason. However, on the 1D chart, it appears overheated and may require a correction. A strong support level is at $3,100, and there is a high probability that ETH could continue its correction toward that support before bouncing back and moving higher, as suggested by the 1D chart. That said, the 1W chart shows ETH still in an upward trend, indicating the possibility that this scenario might not play out due to the continued weekly momentum. As always, DYOR (Do Your Own Research).
The daily long countertrend is valid. After testing an H4 breakout, the market is in neutral zone, right at the highest clear breakdown (green - long trigger zone). The target is the 38.2 correction fibo level. The countertrend line is drawn on H4 closing prices. ——— Stay grounded, stay present. ??♂️ Your comments, questions, and support are greatly appreciated! ??