According to a friend of mine, the fact that Mars went retrograde recently, while other planets are also retrograde, will produce a period of slowness for Bitcoin and the financial markets in general. It is said that this period will be a period of retrospection and everything is likely to slow down. Moving forward fast, as it was happening until recently, will no longer be possible. Mars move direct again late February 2025. Please keep in mind that between late 2022 and early 2023 Mars was also retrograde and the markets went very slow. As soon as Mars went direct in January 2023, Bitcoin shot up. We are expecting similar dynamics for this upcoming Mars cycle. The speed which we were witnessing is taking a pause, and we will back in full growth mode when the retrograde is over in just a few months. Perfect timing for a period of consolidation. Jupiter, Mercury and Uranus are also retrograde. By March 2025, all these planets will be direct. Expect a bullish explosion very similar to 2023 but many times stronger; the end of the retrograde cycle for these major planets. Thank you for reading. Namaste.
BTC will fear us one more time and then goes up. If we don't get support in 90-92K then it goes down to fill the GAP in 85K. Waiting for double bottom.
we all can see where the current momentum lies - downside high probability trade. make sure to move to BE after price goes 50% to where liquidity sits
What will happen with copper? As we can see, we’ve been consolidating for quite some time within our white BC correction level. We briefly attempted a breakout, but it was rejected at the orange level, which marks the reversal zone. The question now is: so far, we haven’t formed a lower low. I strongly believe we’ll complete our white structure. As you can see, this represents a 60% increase. What do they know that we don’t? What’s happening with copper?
Bollinger band break out Trend line break out Order block momentum Zone break out
The price is currently testing the upper boundary of the ascending channel near 152.40, which acts as a critical resistance level. If this resistance holds, the pair may see a retracement towards the midline support around 151.10. Key Points: Resistance at 152.40: This level represents the upper boundary of the channel, and a rejection here could initiate a downward movement. Support at 151.10: The midline of the channel serves as the first significant support level if the price starts to decline from the resistance zone. Technical Indicators: The price is extended and approaching overbought levels, suggesting the potential for a pullback. Key moving averages and Ichimoku components indicate the possibility of short-term corrective moves. Conclusion: As long as 152.40 resistance remains intact, the price is likely to decline towards the 151.10 support level. Traders should watch for confirmation of rejection at the resistance before taking positions.
wen altseason BINANCE:ETHBTC BINANCE:DOGEBTC BITFINEX:FLOKIBTC
Sell sINGAL Current Price: 44,800 Stop Loss: 45,150 Target: 43,400 Disclaimer: This note is for study purposes only. Please consult your financial advisor and evaluate risk exposure before taking any action. Investing involves risks, including the loss of principal.
Bitcoin Technical Analysis Based on the current 4-hour chart, Bitcoin faces resistance at $96,754, which is acting as a significant barrier to upward movement. As long as this level remains unbroken, the bearish momentum could persist, leading the price to test the lower support at $88,345. Key Points: Resistance at $96,754: This level serves as a strong resistance zone. The inability to break above this level confirms the dominance of sellers and limits upward potential in the short term. Support at $88,345: If the resistance at $96,754 holds, the price is expected to continue its descent toward the support at $88,345, which aligns with the lower boundary of the descending channel. Bearish Momentum: The price remains below the Kumo Cloud and key moving averages, signaling bearish dominance. Failure to breach resistance strengthens the probability of further downside movement. Descending Channel: The overall structure shows a continuation of the bearish trend, with $88,345 acting as a potential target if the resistance at $96,754 is maintained. Conclusion: As long as $96,754 resistance holds, Bitcoin is likely to move lower, with the $88,345 support as the next key target. Traders should remain cautious and monitor price action around these levels while managing risks effectively.
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