Price action on the daily chart is moving within a bullish channel. Channel resistance is where price has reversed twice so far and maybe a third time at the end of last weeks trading. Look for sell setups if price starts to move as predicted.
Change of character, followed by a pending sweep. PENGU is relatively new to the market, so there’s not so much info to work with, but the 15m,30m chart gives us that info we’d need. It dumped temporally following BTC’s dip, and is now in recovery (or, at least it looks like it). I believe this region would be a good range for buys Hope this is helpful, let’s watch.
Price mitigated the daily bearish fair value gap during Asian session. I expect a rally to the downside to sweep sell side liquidity. My target is at 90,606
BTC/USD H4 CHART ANALYSIS The BTC/USD chart on the 4-hour timeframe suggests a potential reversal pattern amid recent volatility. After reaching a peak near $109,551, Bitcoin has faced downward pressure, testing key support levels around $92,633. This reflects a corrective move following its upward trajectory. Fundamentally, the market is influenced by macroeconomic factors such as regulatory news and institutional investment trends in cryptocurrency. Market sentiment remains cautious with traders closely monitoring global economic cues. Key Levels: __Resistance: Around $104,339__ __Support: Critical at $92,633__ __Trading Strategy:__ Traders might consider buying opportunities if the price breaks above resistance at $101,158 with strong volume. Conversely, a break below current support could signal further downside risk to the lower support level. Risk management is crucial given Bitcoin's inherent volatility. Monitoring fundamental indicators alongside technical signals can help navigate this dynamic market environment effectively.
To me this seems like a reversal pattern is forming and being verified. Bullish divergence and bullish continuation on MACD. BTC also broke the downtrend it has had the recent days, and inflation news on yesterdays friday indicates things aren't so bad after all.
It looks very good, accumulation phase. complex inverse H&S, breakout and retest. Let's observe the RSI TP are on the chart. NFA
Bitcoin (BTC/USD) Analysis – December 21, 2024 Overview: Let’s focus on Bitcoin (BTC/USD). Over the past few weeks, Bitcoin has been pumping steadily, but it now appears to be losing momentum. The market structure has created an imbalance, suggesting a potential decline in the coming weeks. Trade Idea: Potential Buy Zone: The price could fall to the marked zone around $73,000. Entry Timing: Avoid entering immediately when the price reaches this level. Instead, wait for a clear reaction—such as bullish confirmation or upward momentum—before considering a buying opportunity. Key Considerations: This setup is similar to the structure seen in the German Index (DE40), which showed comparable behavior before a significant drop. The resemblance in patterns could signal a similar outcome for Bitcoin. Monitor price action closely in the coming weeks for signs of reversal once the price reaches the anticipated zone. Risk Management: Do Not Rush: This is not financial advice. Always wait for clear entry signals before making any decisions. Stay Disciplined: Protecting your capital is more important than making profits. Use proper stop-loss levels to safeguard your trades. Trading Requires Patience: A reactive approach is key. Trading is about responding to what the market shows you, not forcing predictions. Final Note: Making no money is always better than losing money. Watch Bitcoin closely in the coming weeks, and stay disciplined in your analysis. Let’s see how the market unfolds. See you in the next update!
TAOUSDT / 1D Hello Traders, welcome back to another market breakdown. The utility coins market shows strong bullish momentum in the current Crypto cycle, breaking through key resistance levels and signaling a potential continuation to the upside. However, instead of jumping in at current levels, I recommend waiting for confirmation into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: 1- Mid of the range 2- Higher quarter 3- New all-time high Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
4HR TF: Immediate resistence tested and failed to break above.20EMA acted as second Resistence. BTC is likely not ready yet for rally to the upside.
After a major retest on HTF demand zone This outlook is a buy continuation re-entry