BYBIT:BTCUSDT.P is once again in the spotlight! The market is at a crossroads, and Bitcoin is deciding its next move. Recent weeks have shown volatility: sharp swings, battles for key levels, and attempts to hold critical zones. ? Key Metrics: ✔ Current Price: $95,472 ✔ ATH: $109,356 ✔ RSI: 45 – no clear overbought or oversold signals yet ✔ POC (Point of Control): $95,732 – we are near a major liquidity zone ? What’s happening with #BTC? Bitcoin previously tested the $102,000 area, but sellers took control and pushed the price down. BYBIT:BTCUSDT.P is now trading at a strong support level with high liquidity, making this zone crucial for future movements. If BYBIT:BTCUSDT.P holds above $95,700, we could see a retest of $102,500 and higher. However, a breakdown below this level could lead to a move toward $92,000 or lower. ? Current Situation: ➡️ BYBIT:BTCUSDT.P continues testing the key $95,732 level, which serves as the POC (Point of Control) – the area with the highest liquidity and the most concentrated orders. ➡️ The price is consolidating at the lower boundary of the strong support zone $92,700 - $95,700. This level has held multiple times, but bearish pressure is increasing. ➡️ Resistance at $102,500 - $104,000 remains a crucial barrier for recovery. ⚡ Possible Scenarios: ? Bearish Scenario (Breakdown Below): ? If BYBIT:BTCUSDT.P breaks and holds below $92,700, further downside movement is likely: ✅ Target 1: $88,000 – a previous area of strong buyer interest. ✅ Target 2: $84,500 – a critical support zone where a strong bounce may occur. ✅ If selling pressure continues, the next major support lies around $80,000. ? Bullish Scenario (Reversal Upwards): ? If BYBIT:BTCUSDT.P holds above $95,700 and breaks $100,000, a strong upward impulse may follow: ✅ Target 1: $104,000 – the nearest key resistance. ✅ Target 2: $110,000 - $112,000 – an area where new local highs could be formed. ✅ A breakout above $115,000 would open the way for testing $120,000. ? Bitcoin is currently in a high-risk zone, where any move could trigger a strong breakout. ? For traders: Be cautious with short positions, as the $92,700 - $95,700 zone could induce a bounce. ? For long-term investors: Watch the price reaction at $92,700 – if this level holds, it may be a strong accumulation point. ? Risk Factor: If BYBIT:BTCUSDT.P breaks and consolidates below $92,700, bearish momentum could intensify, leading to further declines towards $88,000 and below. ? # BYBIT:BTCUSDT.P is at a crossroads – be ready for a big move!
2/12/25 :: VROCKSTAR :: NYSE:RDDT i'm bipolar on this... long print - i've been dead wrong about this one. honestly. - but there's no fighting the usage trends - valuation is still wildly expensive, but as one knows in this tape, until the music ends... a beat/ a good guide sends something like this... into nothing else matters territory - so we see meta beat... snap... good #s (but just a confused company)... hard not to see a beat and probably a decent outlook here - furthermore, i'm massively cash heavy and opened the can of TQQQ p's whoop azz for mid-march to make a call on risk/ growth scare - SO, when i see interesting places to take risk on with clear catalysts (typically earnings), i'll drop the puck and shoot on net. - not the highest conviction idea. between NASDAQ:LYFT (long) last night and NASDAQ:Z (short), i was able to eeek out a nice net gain, but it wasn't pretty - tonight i'm only taking this one shot, but i've looked to play the fake company NASDAQ:APP in a similar fashion. i just couldn't pinch my nose hard enough and ... well... rddt is at least a real company. re: NASDAQ:APP IYKYK (hai NYSE:CVNA fans!) let's see. here for the show. V book rn: 45% cash, 20% nxt (40% gross), 15% obtc, 10% uber (20% gross), 5% tsm (10% gross) and TQQQ p's ~2% (30% gross). assorted other junk ST like blde i wrote up today, trade etc.
MMM is in a strong bullish uptrend after finding support around the 76 zone in March 2024. The stock has posted positive earnings for four consecutive quarters, meeting expectations. Trading above the daily trendline, it's likely to fill the gap formed after January earnings, setting up a new higher low. Entry Suggestions: Buy 1: 142.5 Buy 2: 135.5 Stop Loss (on closing basis): 124 For exits, consider a tiered approach. In the near term, aim to book profits around 154.4 and 172. Looking ahead, there's potential for further gains with targets at 182 and 215, although these may take longer to materialize. A weekly bearish divergence is forming and could influence price action around the upcoming earnings on April 29. Until then, the price seems well-positioned to hit the initial targets, making this an attractive trading opportunity. Happy trading!
In this video, I discuss my thoughts regarding the upcoming price movements of Dogecoin. Providing insights into what might happen with Dogecoin's price in the near future.
Bitcoin, the world's most prominent cryptocurrency, has experienced a turbulent period, recently dipping below the $95,000 mark.1 This price correction comes amidst growing concerns about rising inflation in the United States, as reflected in the latest Consumer Price Index (CPI) data. The CPI, a key indicator of inflation, surpassed market expectations, reigniting fears of persistent price pressures and their potential impact on risk assets like Bitcoin.2 Inflation's Shadow Over Bitcoin The unexpectedly high CPI reading has sent ripples through financial markets, with investors becoming increasingly wary of the Federal Reserve's response to inflation. The Fed's primary tool for combating inflation is raising interest rates, a move that can make borrowing more expensive and potentially slow down economic growth. This prospect often leads investors to reduce their exposure to riskier assets, including cryptocurrencies like Bitcoin. The connection between inflation and Bitcoin is complex. While some argue that Bitcoin can serve as a hedge against inflation due to its limited supply, others believe that it is still too volatile to be considered a safe haven asset. The recent price drop suggests that market sentiment is currently leaning towards the latter view, with investors reacting to the inflation news by selling off their Bitcoin holdings. Market Dynamics and Technical Levels Bitcoin's price movements are influenced by a multitude of factors, including macroeconomic trends, regulatory developments, and market sentiment. In addition to inflation concerns, the recent price drop could also be attributed to normal market corrections, profit-taking by traders, and technical factors. Analyzing Bitcoin's price chart reveals key support and resistance levels that traders are closely monitoring. The $95,000 level appears to be a crucial support zone, and a sustained break below this level could lead to further price declines. On the upside, the $101,000 mark is a significant resistance level, and a decisive move above this level could signal a potential recovery for Bitcoin. The Fed's Dilemma and Potential Scenarios The latest CPI data presents a challenge for the Federal Reserve, which is tasked with balancing the goals of controlling inflation and maintaining economic growth. While the higher-than-expected inflation reading might suggest the need for more aggressive interest rate hikes, the Fed also needs to be mindful of the potential impact on economic activity. Despite calls for lower interest rates, the Fed is widely expected to continue its path of gradual rate increases in the coming months. The central bank has repeatedly emphasized its commitment to bringing inflation under control, and a strong labor market provides further support for its policy stance. Looking ahead, several scenarios could play out for Bitcoin. If inflation remains elevated, the Fed might need to take more aggressive action, potentially leading to further price declines for Bitcoin. On the other hand, if inflation starts to subside, the Fed could adopt a more dovish stance, which could provide some relief for Bitcoin and other risk assets. Bitcoin's Long-Term Outlook Despite the recent price volatility, the long-term outlook for Bitcoin remains positive for many market participants. The cryptocurrency's underlying technology, blockchain, continues to attract interest from various industries, and the adoption of Bitcoin by institutional investors is steadily increasing.3 Furthermore, some argue that Bitcoin's decentralized nature and limited supply make it an attractive alternative to traditional currencies, especially in times of economic uncertainty. While Bitcoin's price can be volatile in the short term, its long-term potential continues to draw investors seeking exposure to the digital asset space. Navigating the Uncertainty The current market environment is characterized by uncertainty, with inflation concerns and macroeconomic factors weighing on investor sentiment. Bitcoin, like other risk assets, is susceptible to these broader market trends. However, it is essential to remember that Bitcoin is a nascent asset class, and its price volatility is to be expected. Investors considering Bitcoin should carefully assess their risk tolerance and conduct thorough research before making any investment decisions. While Bitcoin's long-term potential remains intriguing, it is crucial to be aware of the inherent risks associated with investing in cryptocurrencies.
Needs a lil pop over the 132.06 some continuation and we can go 135 then 140 NASDAQ:NVDA
Buy Entry $9.00 - $9.50 Stop Loss $8.50 or hold tight to DCA, because this stock will be the next FOMO. Next Target $11.00 - $12.00 Tips: Buy Call option in the market strike $5.00 exp Jan 2026. Disclaimer
NYSE:NKE I loaded quite a bit when it fell below $70 and on reclamation of $70. I am in it for the long haul. Targets remain unchanged. This may be like loading NASDAQ:META at $88 when every analyst and their mom was negative. As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
Definitely possible to reach 6.90 before earnings... but i think not the likely scenario. I think the likely scenario is we close above 7.90 for a few days then get a cross followed by some real upward movement. Any real news that is positive could send this upward at any point now. I believe 40 - 60 is possible within 3 months if the right media is released along side closing shorts. Watching all indicators every hour now..
$5 to $10 ? continuation, see chart from a week ago ? Still uptrending just not as strong as before when it had all green candlesticks and steady straight up NYSE:BBAI