Wide of the chanel is 8900 points and now the price hit upper resistance at monthly frame
Expecting some pull back till we jump in. Probably 61.8 or 78.6 because 78.6 like a legit pullback point nowadays. That's why i put some space for my stop loss. Risk Rewards 1:3. Let's see how it goes. Cheers! Happy Weekends and i am drinking beer chilling !
1. Fibonacci Levels: 0.236 (12.05T): Currently being tested. The price is attempting to stay above this level. 0.382 (12.12T): A critical resistance level. Breaking above this level could lead to positive momentum in the market. 0.618 (12.27T): A stronger resistance zone. Reaching this level would confirm a more solid uptrend. 2. Support and Resistance Zones: Support: 11.85T-11.90T: If the price pulls back, this zone could act as a buying area. Resistance: 12.12T and 12.27T: Breaking these levels would signal further upward movement. 3. Trend Analysis: The blue upward trendline indicates an ongoing bullish movement. However, the price is currently consolidating around the 12.12T level. If the price breaks and holds above 12.12T, the upward trend could continue, with the next target at 12.27T. In case of a downward move, the 11.90T support zone might be tested. Breaking below this support could push the price lower, possibly toward 11.77T. 4. Summary and Strategy: Bullish Scenario: The price needs to break the 12.12T resistance and hold above the Fibonacci 0.382 level. This would indicate further bullish momentum, making it a potential entry point for long positions. Bearish Scenario: If the price breaks below the 11.85T support, the market could weaken further. This scenario might suggest a short-selling opportunity.
Keep an eye on #ZEC/USDT Diagonal Trendline in 1-Hour TF! Wait for BO/retest to long. The local resistance level is PDH $74.64 and the support level is PDL $68.34.
Pros, Alt coin season is in full swing. HVF pattern forming on second touch of W shoulder means higher chance of break upwards. Third visit would be even more bullish. Cons, possible weekly consolidation coming soon. Could see a rejection and weekly consolidation for up to a month.
guys sorry for my late analyse , these days all market overbought (like bitcoin) what happends on overbought market = it can zigzag or even go up but very big banks dont inter market so movment,signal is low what on gold ? all scenario = frist scenario is gold go down to 2488 then start new up wave and go up touch high area again second scenario = gold go down touch 2488(fibo 61% ,gold love it) then after little zigzag crash to 2000 area !!!!!( this can take 3 month or more) 3rd scenario = gold zigzag go up touch high , then comes down ,again go up touch high (can take 3 month) ,this condition is very bad can harm new traders what is my order = personaly i have sell on gold near 2643 with SL = 2725 TP=2500 TP2= wish you win , again sorry for my late analyse (tradingview moderators with 4-5 time block me , annoy me) if you have any question ,dont fear contact me ,ii like help
We’ve been holding long term buys on BTC, within the Crypto Fund since $33,400. Originally opened up a Standard lot size of 5.00. Closed out 3.00 lots at $77,000. After seeing the huge bullish momentum towards $99,000 this quarter, I thought to myself let price retrace towards $86,000 (which I also posted an analysis for) & create Wave IV. Then I’ll buy again & target $104,000. But price shot up towards $104,000 tonight to my surprise, invalidating Wave IV. Now I’m waiting on weekly candle closure to decide should I close another 50% position or not⏰
https://www.tradingview.com/x/uk4HFRwz/ Hi everyone! Today we are looking at Bitcoin Cash (BCH) which has seen its share of drama including unexpected parabolic moves in the past. We're starting our analysis on the Monthly chart so we can zoom ALL the way out, and I am in log mode as I prefer this when I do my technical analysis. The chart looks very different here if you aren't in log mode, but when you turn it on, this YEARLY downtrend line appears, and we happen to be testing it at the moment during an extremely bullish time. I'll be honest, I have not been a fan of BCH in the past, but my feelings about such things have led to missed opportunities, and so when we do TA, we focus on the data, and we try to be as objective as possible to avoid letting bias or emotions influence what we see or do. Now the BCH story is quite interesting if you dig into it. Those that were around when it launched will never forget that day, as you received free BCH,1:1 with Bitcoin (BTC) given it is a fork of BTC. The challenge and drama set in since this was an attempt by a centralized entity led by Roger Ver to try to unseat Bitcoin by offering new features and capabilities he felt were lacking in the original blockchain. But this was met with much controversy, since the greatest value of crypto is in its decentralized ledger, and some might even say its mysterious origins. Who is the real Satoshi? Will we ever know? Is it one person, or a collection of people? Perhaps an entity or a foreign government? We may never know. In fact, I am sure we will never know. In any case, the self-proclaimed "Bitcoin Jesus", Roger Ver, was recently arrested on Fraud Charges. Ver faces three counts of mail fraud, two counts of tax evasion and three counts of subscription to a false tax return, according to the United States Department of Justice. He was an early adopter of Bitcoin, and smart enough to purchase the domain Bitcoin com. He's facing 109 years in prison, which is probably extreme, but it seems that someone is trying to make an example out of him. He's been accused of misuse of power, suppressing innovation, and dissent. Today his networth is estimated in the range of $500 million to $1 billion. On December 3rd, 2024 his legal team filed a motion to dismiss a criminal indictment against him having to do with an exit tax where he's accused of failing to accurately disclose the value of his assets when he renounced his US citizenship in 2014 after acquiring citizenship of St Kitts and Nevis. With the incoming Trump Administration in the United States, and the "Free Roger Ver" movement, one doesn't have to think twice about the potential for a Trump pardon. Trump has been highly favorable to crypto and Bitcoin, which is easily seen by the amount of donations he received from the community and the skyrocketing of the space following his November 5th win. Just yesterday, Trump named David Sacks of the PayPal Mafia as his "Crypto and AI Czar". David Sacks is closely tied to Peter Thiel who brought him into PayPal (see the book: "The Founders") in its early days. Peter Thiel invested heavily in Donald Trump's Presidential Campaign. While David Sacks is also a co-founder and partner of a VC firm Craft Ventures who invested in Multicoin Capital. Multicoin Capital is a VC firm who backed Solana in 2017. Are you making a connection yet? Why all of this backstory? Well, we would be remiss to ignore the macro environment and the potential for favoritism as Trump has already stated intention for multiple Pardons, and today, Roger Ver is one of the leading bets in Polymarket for a pardon. If you were tracking, you'll remember that Polymarket correctly called the U.S. Election. Okay... so without further background speculation, lets get back to the charts with these data points in mind to assist us. Not creating bias, but making us smarter and improving our probabilities. Remember all markets are based on speculation and price is simply a function of supply and demand. https://www.tradingview.com/x/2YvP9qgM/ Zooming in to the 12 hour chart, identify a few interesting data points: 1. The cup and handle pattern off the most recent high around $720 draws nicely on the chart. 2. The break over the 200-day Moving Average. 3. Notable volume to support the break out of the 200-day MA. 4. Another test and arguably we are seeing a cross over of the multi-year downtrend line. Remember this is in a confirmed Bull Market, along with my rabbit hole analysis of the macro environment that can directly affect speculation on BCH above. This alone gets me excited and bullish on BCH. But it doesn't stop there. https://www.tradingview.com/x/s4vO2kof/ I want to provide a different view from the Weekly Chart, where I've tracked over to Binance from the Coinbase chart which has less historical data, and i'm making a potential bear case. It's critical to always consider the bear case on everything. A bear might say, Look at the upward facing wedge pattern, and how the price is just testing the outside of it, which happens to coincide with a key point on the Coinbase chart showing the multi-year downtrend. One should be careful and look for more confirmation on the chart for a breakout, rather than calling a breakout before it happens, since it is just as likely (if not more likely) that we bounce off these lines as resistance. I remain bull however, as I'm using other data points, and we'll take a look at this a little more closely below. https://www.tradingview.com/x/5lW9uNcv/ Zooming in to the 4-hour chart, I'm tracking 2 upward channels. You can see the larger channel, and the more recent skinnier and steeper channel that have formed. I'm also tracking a fibonacci extension that seems to fit the current move after a quick swing outside of the skinnier channel. What I like about this extension is the bounces off the fibs, with the potential to reach higher extensions that break out of the downtrend. I am also using the bearish rising wedge here to show the risk of the reversal if this is a real resistance point. https://www.tradingview.com/x/KWIJKnoj/ A quick review of the Weekly Chart on the BTC pairing shows some very obvious signs that support a bullish hypothesis. A breakout of the downward wedge that started from the high in March of this year 2024 also breaks above the BTC 200-day MA, and we see some increasing volume though nothing quite obvious from a volume perspective yet. However, I wouldn't be surprised if that volume increases sharply in the near future. A MACD bullish crossover on this chart would support this hypothesis. We also appear to have potentially completed an ABC correction of the massive move from the lowest low in June 2023. Finally, as we use our fib extension to look for targets of a bull breakout, we see a nice confluence of the May 2021 high falling somewhere in the range of 2.618 and 3.618 extensions. Using multiple view and time scales along with indicators to support our hypothesis is enough to give us a bullish hypothesis. When you add in the very present Roger Ver story, and the storied history of BCH, we realize that there is at least enough speculation for those that missed the opportunity Bitcoin itself provided. While I am indifferent on the potential of BCH, I have no bias or real interest in this asset personally. I can admit that following the BTC 200-day breakout I took a very small position of a single BCH given the upside potential. When considering how to protect yourself against the challenges of inflation, the opportunity the crypto space offers, and the exciting developments we are in store for in the coming year, one cannot ignore the potential BCH provides that is told only by the charts. The opportunity to maximize an investment with BCH has strong risk/reward, given the previous high was $4300 on Coinbase. There's a whole other story behind that parabolic move, but I'll let you look into that one yourself. Thanks for reading and be safe out there! This is for informational purposes only and not a suggestion or recommendation to buy or sell any asset or otherwise. You are responsible for your own decisions no matter where you get information. Never invest if you can't afford it and consider all investing gambling. - Shadowfigure
Cons, low slung. Biased to down side, if we were in a moderate market. Pros, we are not in a moderate market. We're in an alt season. Other low slung hvfs have performed to upside repeatedly. Other pro is W bottom on higher time frame gives bullish target that is much higher than hvf target. Ambiguity, is that the hvf could break and perform but still sell off and not trigger the W bottom movement. It may come up to several weeks later.
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # CNX Resources - Double Formation * 012345 | Wave Continuation Uptrend | Subdivision 1 * Neckline Alignment At 37.60 - Triple Formation * Right Leg & 0.236 | Subdivision 2 * Retracement Reversed 0.618 * Pennant Short Bias Set Up | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral