As can be seen, a bear flag has also formed. The top of this flag corresponds to the filling of the FVG. In the short term, I expect a further decline to hit the monthly liquidity. After this, I anticipate an upward movement fueled by the momentum from the liquidity grab. At one of the potential liquidity points on the 4H timeframe, there will likely be a break of structure, hopefully forming a new FVG, allowing us to take a significant short position targeting 180,000, where another liquidity grab could occur.
Analysis of BTC/USDT (2H) 1. Trend Overview Bullish Channel: Bitcoin appears to be trading within an upward channel, indicating a medium-term bullish trend. EMA Configuration: The 200 EMA (white) provides strong dynamic support, suggesting the overall trend remains bullish as long as the price stays above it. The 47 EMA (gray) is closely tracking the price and may act as a medium-term momentum indicator. 2. Key Levels Resistance Levels: 99,803.8: This is the nearest resistance level within the upper boundary of the channel. A breakout above this level could push Bitcoin toward psychological levels like 100,000 USDT. Support Levels: 93,814.5: Immediate support and potential bounce zone. 88,842.5: A stronger support level, coinciding with previous consolidation zones. 84,252.1 and 80,742.2: Deeper supports within the bullish structure. Critical Support (200 EMA): If Bitcoin tests and fails to hold above the 200 EMA, it may break below the broader bullish structure. 3. Momentum Indicators Stochastic Oscillator: Signals overbought and oversold conditions. Current settings suggest BTC may be approaching overbought territory, increasing the likelihood of a pullback near resistance. RSI: Indicates weakening momentum, but remains in a bullish zone. Watch for divergence signals near key resistance levels. 4. Trade Scenarios Bullish Continuation Entry: On a breakout above 99,803.8 with strong volume. Target: 100,500 or higher. Stop Loss: Below 93,814.5. Bearish Pullback Entry: If the price fails to hold 93,814.5 or rejects at 99,803.8. Target: 88,842.5 or 84,252.1. Stop Loss: Above 99,803.8. Summary Bitcoin remains in a bullish structure but faces key resistance at 99,803.8. If rejected, the price may pull back to test lower supports like 93,814.5 or 88,842.5. However, a breakout above resistance could lead to further upside, potentially targeting psychological levels like 100,000 USDT. Disclaimer: This is not financial advice. Please consult a financial advisor and perform due diligence before trading. Potential Bullish Targets After Breaking 99,803.8 1. Psychological Target: 100,000 USDT Significance: This is a major round number and a key psychological level. Historically, round numbers like this often act as magnets for price action, attracting both buyers and sellers. Implications: Expect increased volatility and profit-taking at this level. A strong breakout above 100,000 could indicate bullish strength for further upside. 2. Secondary Target: 103,000–104,000 USDT Significance: This level aligns with Fibonacci extensions and previous price action zones. Represents a common next step for upward momentum after crossing psychological barriers. Implications: A break above 100,000 could see BTC extend its rally to this zone, which may act as a significant resistance cluster. 3. Extended Target: 108,000–110,000 USDT Significance: This zone represents a technical resistance derived from the upper boundaries of the upward channel visible in the current chart. It's also close to the 2.618 Fibonacci extension, which aligns with significant price expansion moves. Implications: Breaking this level would likely require sustained buying momentum and support from macroeconomic factors or bullish sentiment. Momentum Indicators to Watch Volume: A breakout above 99,803.8 should be accompanied by a strong surge in trading volume to confirm the move. RSI: Watch for overbought conditions. If RSI climbs above 70 but remains steady, it indicates sustained momentum. Stochastic Oscillator: A breakout with the oscillator in the mid-range suggests room for further upside. Price Action Scenarios Scenario 1: Clean Breakout Above 99,803.8 If the breakout is strong, BTC could move directly to test 100,000. Targets: First target: 100,000 USDT. Second target: 103,000–104,000 USDT. Scenario 2: Gradual Climb BTC may consolidate around 100,000 before attempting higher levels like 103,000 or 108,000. This scenario often happens when there is insufficient volume or resistance increases. Scenario 3: Fakeout If BTC breaks above 99,803.8 but fails to sustain the level, it could retrace back to 93,814.5 or lower. Summary of Targets 100,000 USDT: Psychological level, key first target. 103,000–104,000 USDT: Secondary resistance zone. 108,000–110,000 USDT: Extended target, upper channel boundary. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult a financial advisor before making any trading decisions. Let me know if you’d like further analysis on momentum or entry/exit strategies!
In this daily chart projection of Secret (SCRT) USDT, the strongest resistance level is expected above the 1.2250 price mark. Avoid entering with leverage, as the Binance chart shows excessive manipulation compared to other exchanges. My strategy is to exit this token at that resistance level and re-enter at a lower price since it holds significant potential. If anyone follows this currency, I would appreciate your opinions. Thank you all for the trust shown in my projections. Please note: My projections are not intended for individuals under the age of 18. Efe_Efe.
The bear is coming and Bitcoin will drop to 80K!! The BTC/USDT pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Rising Wedge Pattern. This suggests a shift in momentum towards the downside in the coming Days. Possible Short Trade: Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 93,400 Target Levels: 1st Support - 84,600 2nd Support-78,210
With price action and chart patterns left aside here. I've indicated the next rough areas of resistance to the upside. Looking forward to watching it play out!
According to the chart you're viewing, there is a resistance zone (3.36T to 3.26T) ahead. Considering the bullish momentum in the last three candles, there is a possibility of a breakout. However, if the cryptocurrency market cap is going to undergo a correction before reaching the top of the bullish channel, I think this zone is where the correction will occur.
https://www.tradingview.com/x/UE1CdiFS/ ✅USD_CAD is set to retest a Strong support level below at 1.3950 After trading in a local downtrend from some time Which makes a bullish rebound a likely scenario With the target being a local resistance above at 1.4067 LONG? ✅Like and subscribe to never miss a new idea!✅
SWISS FRANC looks likely to continue to weaken against other major currencies. Although it continues to consolidate across pairs (GBP, NZD, CAD,AUD) after very strong gains in the last couple of months. Only the YEN has broken out of it's consolidation and maybe soon others will follow. CADCHF did break out at some point but retreated back into range and looks likely to break out once more to the upside. So far in the coming week(s) I look forward to LONG scalps on the GBPCHF pair taking out our first target (1.1250 - 1.1260), roughly about 40-50pips and if it maintains momentum we could see it reach top of the range (1.3380) +110pips. Strong rejection off strong support erasing massive bearish candle (also on W1 TF leaving 2 doji prints). Sentiment data shows extremes on Buyer/seller sentiments and indicating price could reverse from here. Your thoughts?
We had a lovely November Green candle close, as expected after the sequence mentioned last time I posted this chart, that seems to be following the 2013 - 2017 BTC Fractal. But whats coming in December then ? To date, we have had 7 Green December closes, to 6 Red Of those Red candles, only 2 were Red after a Green November. and they were in 2013 and 2014 and that was the first 2 years after the ATH, in that Bear In the years that I believe we are following, currently 2015 and 2016, The Green November was followed by Green December. This happened in 2023 also. To remind you, The candle colours since August have all matched those years and they are the only years that sequence of colours occurred in those months. So, if we continue to follow, we will get a Green Dec, possibly a new high but Jan is highly likely to be Red, as in 2015, 2016 January 2023 was green but only just as we saw the battle between Bulls andBears fight it out. There are no guarantees here and we will have to wait and see where we go On average, December is a 50/50 shot of either if we look at the basic chart numbers. But if we continue to follow that Fractal mentioned earlier, we can expect Green December but a Draw back in January Time will tell.
the trendline has been intact for almost 3 months and in that period two out of three times when it touched the trendline we can see a bullish divergence circled ones and it respected the bullish divergence last time quite well and now again the price is right at the trendline which is also acting as support with bullish divergence and overall the trend is also bullish so these couple of confluences support upward direction of price