Oscillators
PLUG Powering Up For A Breakout?!Here I have NASDAQ:PLUG on the Daily Chart!
We can see that Monday, November 4th gave us a Very Bullish break to the Falling Resistance Price has been contained by forming the Wedge Pattern and with the Bullish Volume following the Break, gives this pattern a Bullish Bias after the strong decline since Jan. 2021.
The push for Greener and Cleaner way of Living and Transportation has the world in High Search for Electric Alternative means of fuel and along the pathway of Lithium and Rare Earth Metals is a new theory of Hydrogen powered Fuel Cells!
Currently Price is at $2.52, struggling with a Local Resistance Level after Price reached a new 4-Year Low @ $1.60, close to All Time Low @ .1155 visited in Jan. 2013. With the tight consolidation underneath the Falling Resistance followed with a Break candle and Close candle Above of the Falling Resistance, Confirms a Valid Break of said Falling Resistance and indicates Bullish Sentiment entering the market.
-Now, we must wait to see if Price decides to retest the Break of Falling Resistance around ( $2.25 - $2.20 ) and if Supported successfully, would generate a great Buying Opportunity!
-If Price does found Support here, I suspect Price we will run into Resistance @ ( $3.55 - $ 3.22 ) then will aim for the Fair Value Gap formed @ ( $5.58 - $5.14 )
Indicators:
- RSI Crossing 50
- Large Bullish Volume
EURGBP Wave Analysis 13 December 2024
- EURGBP reversed from support zone
- Likely to rise to resistance level 0.8350
EURGBP currency pair recently reversed up from the support area set between the long-term support level 0.8210 (former support from the start of 2022) and the lower weekly Bollinger Band.
The upward reversal from the support zone is likely to form the weekly Japanese candlesticks reversal pattern Hammer, if the pair closes today near the current levels.
Given the oversold weekly Stochastic, EURGBP currency pair can be expected to rise further to the next resistance level 0.8350.
Long Signal on MORPHOUSDT/Making profit Together /2X-3X LeverageOKX:MORPHOUSDT
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone: 2.44-2.57
⚡️TP:
2.70
2.84
3.03
🔴SL:
2.31
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
JPMorgan: Not the Star of BethlehemThe Christmas season is known for three Wisemen following a light in the night sky to Bethlehem. But another, less jovial star may have settled above the House of Morgan.
The first pattern on today’s chart of JPMorgan Chase is the candle on November 25. Prices jumped above $253 in the first five minutes of that Monday morning, but quickly reversed and closed at $250.29. Some traders may view that as a bearish shooting-star pattern.
JPM proceed to close lower the next six sessions and was soon under $250. Its shares have continued downward, probing above their 8-day exponential moving average (EMA) while mostly closing below it.
That could suggest a short-term downtrend has developed. Falling MACD may provide a similar signal.
Finally, a large gap occurred on November 6 after Donald Trump was reelected President. Could JPM now look to fill some of that space?
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Future Outlook with StochRSI and OBV
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-------------------------------------
I used TradingView's index chart to see the overall flow of BTC.
--------------------------------------
(BTCUSD 1M chart)
OBV is showing an upward breakout of the High Line.
Accordingly, we should look at how the High Line is expressed when the candle of the next month is created.
The StochRSI indicator has risen above 50 points, and has changed to a state where StochRSI > StochRSI EMA.
Accordingly, we should look at whether it will maintain the current state and show an upward trend.
Looking at the movement of the indicators on the 1M chart, I think it is highly likely that the uptrend will continue.
-
(1W chart)
There is some ambiguity in analyzing BTC due to the movement of the 1W chart.
The StochRSI indicator is maintained at the 100 point, and the StochRSI EMA indicator is approaching the 100 point.
As of now, the StochRSI EMA has never touched the 100 point.
Accordingly, I think the pressure for a decline is increasing as time goes by.
The OBV indicator has risen above the high line.
Accordingly, if a high line is created next week, we should see if it enters the high line.
If so, BTC is expected to show a downward trend.
However, the StochRSI and OBV indicators cannot tell the extent of the decline.
Therefore, if the decline begins, there is a possibility that the MS-Signal (M-Signal on the 1W chart) indicator will be touched.
-
(1D chart)
BW(100) indicator is created at 101197.25.
Accordingly, in order to continue the uptrend, the price must rise above 101197.25 to maintain it.
The OBV indicator is near the high line.
Accordingly, when it rises above 101197.25, we need to see if the OBV indicator breaks through the high line upward.
The StochRSI indicator is below 50, and StochRSI < StochRSI EMA.
Accordingly, we need to see if it rises above 50 points and switches to a state where StochRSI > StochRSI EMA and is maintained.
If not, and BTC falls below 95961.82, there is a possibility that it will touch the M-Signal indicator on the 1W chart.
At this time, if the HA-Low indicator or BW(0) indicator is generated, then the important issue is whether there is support near that indicator.
------------------------------------
(BTCUSDT 1D chart)
After the volatility period around December 3, it is important to see whether the price can be maintained near the important support and resistance area of 95904.28-98892.0 until the next volatility period.
Therefore, the point to watch is whether it can reset the StochRSI indicator on the 1W chart while moving sideways unless it falls below 95904.28.
The key point is what I said on the BTCUSDT 1D chart.
If it rises above the BW(100) indicator point of 101109.59 and maintains the price, and if the StochRSI indicator rises above the 50 point and changes to the state of StochRSI > StochRSI EMA, there is a possibility that it will rise further.
However, as I mentioned earlier on the 1W chart, the StochRSI EMA indicator on the 1W chart is approaching the 100 point, so it will eventually show a downward trend.
As explained in the big picture below, the coin market is expected to maintain an upward trend until the end of 2025.
Therefore, I think that even if there is a short-term decline or a downward trend this time, it will eventually rise above the current price.
-
Thank you for reading to the end. I hope you have a successful transaction.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been in an upward trend since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, I expect that we will not see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
TOMCL taking off for 65% potential gains within next 3 monthsThe stock has recently made a divergence breaking 38.5 will trigger upside journey, however, keeping the SL at 31.7 , one can enter the trade with first TP of 45.6 which will be a gain of 18%.
The second TP of the trade is Rs. 52.65 (total gain from entry point will be 36.7%), however, it will be confirmed once HH of 47.7 is break out
If the HH is broken out, the final Target as per AB=CD pattern would be 61 which is around 58% upside from the entry price and ~65% if the trade is taken immediately with SL of 31.7
Bears Beware! Something lingers hidden called the Golden Ratio.Bears Beware!
After about a 5% run up back above the 100k barrier, BTC finds itself falling 1% testing the barrier once more. Could this be an imminent win for the bears? It may look like it at the surface but there are many indicators pointing up.
The Squeeze Momentum Indicator
The squeeze momentum indicator finds squeezes where price action has ping-pong movement with little volatility. The histogram shows the direction of the momentum and the black dots show if there is a squeeze occuring with the white dots indicating that the squeeze has release. At this critical point we can see price regaining upward momentum.
Hidden Bullish Momentum
Typically, higher highs on the price chart with lower or even highs on the oscillator indicate bearish reversals. However, we can see a hidden bullish divergence occuring with higher price lows and lower oscillator lows. This typically indicates not a reversal but a continuation.
The Golden Ratio
If we draw a fibbonacci extension (starting from where the upward momentum starts locally, to where price action reverses downward, and finally to where it reverses upward) we can see critical fibb zones that can act as support and resistance. The one that the Bulls and the Bears are currently fighting over is one of the most vital fibb regions - The Inverse of the Golden Ratio (1/1.618 = 0.618) - which is conveniently around the 100k price level. What matters now is if BTC can continue to break through this level and turn it into support.
BTC has shown the amount of upward momentum it has behind it seeing how after breaking through the 0.618 fibb level, it broke through the 0.768 fibb level reaching nearly 104k. If we are able to create support at the 0.618 level we may see enough momentum to reach the Golden Ratio, 1.618, fibb level of 117k.
Always remember - Bears sound smart, Bulls make money.
Don't forget - This is not financial advice.
Need to check support near the new high point
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-------------------------------------
It seems that funds have flowed into the coin market through USDT and USDC.
(BTC.D 1D chart)
The point to watch is whether it can meet resistance near the MS-Signal indicator and fall below 55.01.
If BTC dominance rises, it means that funds are concentrated on BTC, so altcoins are likely to show a downward trend.
However, you cannot predict the rise and fall of BTC prices based on the rise or fall of BTC dominance.
(USDT.D 1D chart)
The movement of USDT dominance can be used to roughly estimate the overall trend of the coin market.
Therefore, if USDT dominance falls, the coin market is likely to show an upward trend, and if it rises, it is likely to show a downward trend.
Therefore, the movement of prices can be identified by the movement of USDT dominance.
Therefore, you can roughly estimate the movement of funds with BTC dominance and the trend with USDT dominance.
------------------------------------------------
(BTCUSDT 1D chart)
Although the StochRSI indicator has fallen below 50, the price of BTC is actually showing an upward trend.
Accordingly, it is necessary to check whether the StochRSI indicator turns upward again and whether it turns into a state where StochRSI > StochRSI EMA.
It is currently showing an upward trend near 101109.59, which is the BW(100) indicator point.
Accordingly, whether there is support near 101109.59 is the key.
If the StochRSI indicator fails to turn into a state where StochRSI > StochRSI EMA and shows a downward trend, it is expected to fall again to the 95904.28-98892.0 range.
-
Therefore, what we should consider important in the current movement is whether we can reset the StochRSI indicator on the 1W chart while maintaining the price around the newly formed high point range of 97821.58-101109.58 until around December 27th.
Based on the high point range of 97821.58-101109.58, this means that 101109.58 or higher is the high point.
Therefore, it is better to interpret the high point range as a high point boundary range.
Therefore, if it rises above the high point range and then falls below the high point range, it is highly likely that it will lead to an additional decline, and we should consider countermeasures for this.
When the decline begins, the downtrend will stop as it finally creates a low point range (low point boundary range).
That is, when it meets the HA-Low indicator and BW(0) indicator, it will create a low point section.
If it creates a low point section and then creates a bottom section, an upward trend will begin.
If we organize this movement,
1. It rises in the section composed of the HA-Low, BW(0) indicator and most of the movement appears within the section composed of the HA-High, BW(100) indicator.
That is, the HA-Low, BW(0) section ~ HA-High, BW(100) section forms a sideways, box section.
2. If it falls in the section composed of the HA-Low, BW(0) indicator, it is highly likely to create a downward wave and show a stepwise downward trend.
However, since this step-down trend will eventually play a role in creating a bottom section, if the HA-Low, BW(0) indicators show a rise higher than the previous HA-Low, BW(0) indicators, it can be interpreted that there is a high possibility that a bottom section will be formed at that time.
3. If it rises in the section composed of the HA-High, BW(100) indicators, it is highly likely that it will create an upward wave and show a step-up trend.
Therefore, it is recommended to set a stop loss point when trading because there is a high possibility that it will turn into a downtrend when it falls above the section composed of the HA-High, BW(100) indicators.
However, it is necessary to check the correlation with the M-Signal indicator on the 1M, 1W, and 1D charts.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire section of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
-----------------
BNB Long Setup / Use at least 2x-3x leverageBINANCE:BNBUSDT
CRYPTO:BNBUSD
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone 655-680
⚡️TP:
714
754
🔴SL:
617
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
GBPUSD Wave Analysis 12 December 2024
- GBPUSD reversed from resistance level 1.2780
- Likely to fall to support level 1.2635
GBPUSD currency pair recently reversed down sharply from the resistance level 1.2780 (which reversed the price for the last 5 consecutive trading sessions) standing close to the 50% Fibonacci correction of the downward impulse from November.
The downward reversal from the resistance level 1.2780 started the active minor impulse wave 1, which belongs to the higher impulse wave (1).
Given the multi-month downtrend, GBPUSD currency pair can be expected to fall further to the next support level 1.2635 (low of the previous wave (B) from the end of November and the target for the completion of wave 1).
Bitcoin Dominance Broken Down: Time to shift to holding alts..The crypto market historically tends to move in cycles/phases, with BTC first pumping followed by higher market cap OG tokens, before the capital flows to the midcaps and eventually the microcaps and meme coins (which then marks the time to sell).
The BTC.D weekly chart had finally broken down below the red long-term support trendline, suggesting capital shifting into altcoins. Need another ~3 days for the current weekly candle to close below to confirm.
The Fusiongap {50/15} had also registered "bearish" on the BTC.D chart, which further supports this thesis.
Hence this suggest that it is safe to continue to DCA into mid-cap altcoins such as KASPA (KAS) with many higher mcap OG coins having already pumped close to their previous cycle ATH. Will start DCAing out of the market once the micro-caps and a kinds of memecoins start pumping, probably approx. in a year time.
GBP/USD Ascending channel short term long term Hi traders, we are taking look into GBP/USD as a short term long position currently there has been an ascending channel formulated and we can see that the RSI is pointing into a nice uptrend -
Entry : 1.27600
Target : 1.27960
Stop loss : 1.27454
2.20:1 RR (Risk to Reward Ratio)
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
The key is whether it can rise above 134.27-143.90
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(AMD 1M chart)
The key is whether it can maintain the price by rising above the 139.15 section.
If not, and it falls, it can fall until it meets the HA-Low, BW(0) indicators, so be careful.
-
(1W chart)
The key is whether it can rise after receiving support near 134.27-143.90.
If not,
1st: 108.10
2nd: 81.99
You need to check whether there is support near the 1st and 2nd above.
However, if you meet the HA-Low indicator while the decline is in progress, the support near that area is an important issue.
It is expected to create an upward wave if it rises above 177.25-180.49.
-
(1D chart)
It is currently located near the box section of the HA-Low indicator.
In other words, the key is whether it can receive support and rise near 130.24-153.60.
If not, there is a high possibility of falling to the point mentioned above, so caution is required when trading.
-
What we need to look at is whether the HA-Low indicator turns upward.
The fact that the HA-Low indicator is created means that a low point has been formed.
However, since it does not mean that a bottom section has been formed, it can be seen that a bottom section is likely to be formed only if it shows an upward trend after the HA-Low indicator is created.
Therefore, you can buy when it shows support near the HA-Low indicator.
However, you need to consider whether the bottom point of the HA-Low indicator box can be designated as a stop loss point.
-
If the HA-Low indicator rises, the trend will be determined again by touching the HA-High indicator.
In other words, if it rises above the HA-High indicator, there is a high possibility that a stepwise uptrend will begin.
However, if it fails to rise, there is a possibility that it will meet the HA-Low indicator again.
- It slowly creates waves by moving sideways within the HA-Low ~ HA-High range, or
- It creates an upward wave by rising above the HA-High indicator, or
- It creates a downward wave by falling below the HA-Low indicator.
-
Thank you for reading to the end.
I hope you have a successful trade.
--------------------------------------------------
Whether it can rise above 3831.12-3996.22 is the key
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-------------------------------------
(ETHUSDT 1D chart)
There are several lines on the chart, but what is important to look at at the current location is whether it can rise above the 3831.12-3996.22 section.
The 3831.12-3996.22 section is a section composed of HA-High and BW(100) indicators, so it can be seen as a high point section.
If it rises above the high point section and maintains the price, it is highly likely to show a stepwise upward trend.
However, if it fails to rise above the high point range or falls above the high point range, there is a possibility that it will form a high point and turn into a downtrend, so caution is required when trading.
Therefore, it is necessary to check the correlation between the high point range (the range consisting of the HA-High, BW(100) indicators) and the M-Signal indicators of the 1M, 1W, and 1D charts to determine whether it is a movement that is turning into a downtrend or creating a pull back pattern.
Since the current high point range and the M-Signal indicator of the 1D chart are close, it can be seen that the possibility of turning into a downtrend is actually increasing.
Therefore, the key is whether it can maintain the price by rising above the high point range (3831.12-3996.22) this time and whether it can be supported near the M-Signal indicator of the 1D chart.
The next volatility period for ETH is around December 16th, so the point to watch is whether the price is maintained above the M-Signal indicator on the 1D chart.
-
If it falls below the M-Signal indicator on the 1D chart, it is expected to meet the M-Signal indicator on the 1W chart.
If the HA-Low and BW(0) indicators are generated at this time, it is a meaningful section.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
I used TradingView's INDEX chart to check the entire section of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, you can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we expect that we will not see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
How to view and respond to this is up to you.
When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance.
This is because the user must directly select the important selection points required to create Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies.
1st : 44234.54
2nd : 61383.23
3rd : 89126.41
101875.70-106275.10 (Overshooting)
4th : 134018.28
151166.97-157451.83 (Overshooting)
5th : 178910.15
-----------------
Is LCID Ready to Defy Gravity?!Here I have NASDAQ:LCID on the Daily Chart.
Price has been wrestling with the ( $2.55 - $2.30 ) area all 2024, but with the new Gravity SUV finally in production:
www.tradingview.com
along with tension easing from speculation on what the Trump Administration plans to do with the EV Sector:
www.tradingview.com
We could see Price on NASDAQ:LCID take off!
Since the August High's @ ( $4.43 - $4.25 ), Price has been following a Falling Resistance but we see on Dec. 6th, Price not only became extremely Bullish testing the Falling Resistance from underneath but also:
-Built Massive Bullish Volume
-RSI Pushed Above 50
-Followed by a Bullish Candle Close outside of the Falling Resistance to start the week on Dec. 9th.
*Suggesting Market Sentiment is changing and Bulls could be getting ready to take over!
Today on the 11th we see Price has made a Pullback to the Falling Resistance to Retest the Break @ $2.28 and is currently trading up to $2.35 showing a good Bullish reaction to the Lower Prices now!
We must continue to see RSI stay Above 50 and Bullish Volume remain dominant upon Prices rise along with good output from the new product line and the company continuing to gain investing support!
Watching whether it can rise above 98821.58
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If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
-------------------------------------
It's the same idea as the previous one.
The key is whether it can maintain the M-Signal and MS-Signal indicators on the 1D chart until around December 27.
In order for the uptrend to start, it is expected to start by rising above 97821.58 and showing support.
If it fails to rise above 97821.58, it will eventually fall below the M-Signal indicator on the 1D chart.
Therefore, the 95904.28-98892.0 section is an important support and resistance section.
-------------------------------------------
USDT, USDC are still showing an upward trend.
(BTC.D 1D chart)
The point of interest is whether it can fall below 55.01 by falling near the MS-Signal indicator.
(USDT.D 1D chart)
The point of interest is whether it can meet resistance near the 3.92-4.31 range and maintain a downward trend.
-
I think the gap increase of USDT, USDC is a trace of funds flowing into the coin market.
On the other hand, I think the gap decrease is a trace of funds flowing out of the coin market.
If BTC dominance falls below 55.01 and is maintained or continues to decline, an altcoin bull market is expected to begin.
USDT dominance is expected to fall to around 2.84 and maintain an upward trend in the coin market.
Accordingly, if it touches around 2.84 and rises, the coin market is likely to face a sharp decline.
Also, if it rises above 4.97, I think the coin market is likely to turn into a bear market.
----------------------------------------
(BTCUSDT 1D chart)
The point to watch is whether it can receive support and rise around the important support and resistance area of 95904.28-98892.0.
The next period of volatility is expected to be around December 27, so we need to check whether it can continue sideways until then.
This movement can be seen as a task to reduce the gap of the M-Signal indicators on the 1D, 1W, and 1M charts or to reset the StochRSI indicator.
If it falls below the M-Signal and MS-Signal indicators on the 1D chart, it is expected to touch the M-Signal indicator on the 1W chart.
At this time, if the HA-Low and BW(0) indicators are generated, the key is whether there is support around that area.
-
When the StochRSI indicator falls below the 50 point range, if it shows resistance below the M-Signal indicator on the 1D chart, it is necessary to first check whether there is support around 87.8K-89K.
In order to continue the upward trend, it must rise above 97821.58 and show support.
Therefore, if it fails to rise above 97821.58, it will eventually fall below the M-Signal indicator on the 1D chart.
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Have a good time.
Thank you.
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- Big picture
I used TradingView's INDEX chart to check the entire range of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend.
Accordingly, the upward trend is expected to continue until 2025.
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(LOG chart)
Looking at the LOG chart, we can see that the upward trend is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, it is expected that prices below 44K-48K will not be seen in the future.
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The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
In other words, it is the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, it is expected that this Fibonacci ratio will be used until 2026.
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No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to this.
If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance.
The reason is that the user must directly select the important selection points required to generate Fibonacci.
Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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SOLUSDT Trade LogSOLUSDT Short Setup (4H)
Trade Logic:
- Entry: Short within the 4-hour Fair Value Gap (FVG) following a strong sell signal.
Confluence Factors:
- Overextension: Price shows significant overextension above key resistance levels, increasing the probability of a reversal.
- Market Structure Shift (MSS): Clear break of bullish structure, signaling a potential trend reversal.
- Long Squeeze: Evidence of trapped long positions, adding downward pressure as they exit.
- Declining CVD (Cumulative Volume Delta): Weak buyer momentum during the recent price rally, supporting bearish bias.
- Risk-Reward: Minimum 1:2 RRR with stop-loss above the FVG and a maximum risk of 1% of account balance.
- Target: TP1 at the next structural demand zone; TP2 near key psychological support (e.g., $50).
Macro Context:
- Market Sentiment: Broader crypto market shows risk-off behavior as BTC retraces, aligning with bearish SOLUSDT bias.
- Funding Rates: Positive funding rates indicate aggressive long positioning, increasing short squeeze potential.
- On-Chain Metrics: Declining SOL staking activity and increased token flow to exchanges suggest reduced demand and potential sell pressure.
Keep stops tight and reassess if SOL breaks back above the 4H FVG, invalidating the setup.