Structure Analysis: BTCUSDT is showing signs of consolidation after retesting the previous volume profile low around $96,581, which acted as support. The price is hovering near a high-volume node (HVN), suggesting potential accumulation or preparation for a breakout. Justification for $97,294 Target: 1. Volume Profile Insight: The volume profile shows a low-volume area (LVN) between $96,850 and $97,294. This indicates that, once the price breaks above $96,850, there will likely be minimal resistance up to $97,294, allowing for a swift move upward. 2. Demand Zone Confirmation: The bounce from $96,581 aligns with a previous demand zone, where significant buying activity occurred. This level has been tested and respected, adding strength to the bullish bias. 3. Market Momentum: The candlestick structure on the 15-minute chart shows higher lows, suggesting a potential shift in momentum toward the upside. This is further supported by the rejection of lower levels and the price's return above the previous POC (Point of Control). 4. TPO Levels: The TPO level of $97,294 aligns with a key resistance from a previous distribution phase. Markets often retest these levels before deciding further direction, making it a logical target for the current bullish push. 5. Liquidity Zones: There is likely resting liquidity above $97,000 due to unfulfilled short positions. A push toward $97,294 may act as a liquidity grab, fulfilling orders in that area. Risk Management: Entry: Long positions can be taken if BTC sustains above $96,850. Stop Loss: Below $96,581 (strong support level). Target: $97,294 (initial target). Secondary Target: If momentum continues, the price could extend toward $97,800 or higher. Key Levels: Support: $96,581, $96,300 Resistance: $96,850, $97,294 This analysis justifies a move toward $97,294, but remain cautious of potential rejections near $96,850 if selling pressure increases.
With ETH breakout other L2 will outperform, we should see following price action. This will sweep the cycle top and fresh new all time high IMO.
Hi Traders, ANKRUSDT is looking very positive for this season. There is so much reason to buy at this low $0.04518 and hold for the upcoming days..
THETA seems to be completing a three-wave ABC pattern or possibly a five-wave structure. Right now, it looks like we're in wave C or maybe even wave three, signaling the start of a sharp and powerful move. This move could mirror the first leading wave, which was very strong and profitable. ? Wave Analysis: Wave 1: A strong and profitable move. Wave 2: A corrective phase with around 50% correction from Wave 1, an ideal setup for the next move. Wave 3: Likely the start of another explosive move for THETA. With the key resistances being broken, THETA is expected to reach higher levels. The projected targets for this token are: ? Entry: $3 ? Target 1: $9 (200% profit) ? Target 2: $38 (1100% profit) ? Target 3: $100 (3200% profit) ? THETA is ready for lift-off again; don’t miss this opportunity! ?
First, let's analyze the wave structure for BTC. I am considering the entire bullish move from November 2022 to the present as a 5-wave impulsive move, and we are currently in wave (5). More specifically, we are in wave IV of A of (5). Wave IV could develop as a flat correction, and considering a shallow retracement of wave III, a pullback to around 84,064 is possible. When we look at the Hurst cycles, the trough from August 2024 marked a significant 80-week (80W) cycle low, which led to a strong bullish push. The first 20-week (20W) cycle trough of the current 80W cycle is expected in the third week of December 2024, which could align with wave IV in our wave analysis. The next major trough is the 40-week (40W) cycle low, expected in May 2025, which is currently labeled as wave B of (5).
HMT v1.0 spotted. Looking good with previous wave up with increasing volume and momentum. - BOS (Breaks of Structure) at @ 1.1910-1.2023 level - Trending slow and steady if able to hold above the BOS level It is at extremely good reward to risk level.
November marked the largest monthly candle on gold since September 2023, signaling a potential shift in momentum. If December closes with another bearish candle, bullish buyers may start to reconsider their positions, as a deeper correction in the bullish trend is becoming evident. On the 4-hour timeframe, we can see a significant liquidity sweep followed by a sharp push downward. Currently, price action is consolidating within a rising wedge, a pattern often associated with a potential reversal. A further decline is anticipated toward the 2639–2637 level, where a key support zone aligns with a 4-hour and 1-hour engulfing candle. From this support, a temporary rise is expected toward 2677, meeting both a 4-hour engulfing candle and the upper boundary of the rising wedge. This level presents a strategic area to consider short positions, targeting the next demand zone and support level around 2530.
Holding small bag of spot, expecting a below price action for rest of the cycle.
BNB has been a great buy in Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2023 With exception of 2022, BNB always has been a great buy in December. Moreover 25% of BNB tokens have been burned, and 25% are locked in liquidity pools. 25% are held by diamond hands. So only 25% is available for trading. Weekly RSI in BINANCE:BNBBTC is extremely bearish making it a great contrarian buy.
BINANCE:BTCUSDT CRYPTOCAP:USDT.D possible returns lvl of usdt.d trendline is important to watch.