BYBIT:ADAUSDT The market experienced a pullback, and the price returned to the lower boundary of the range before breaking through its support and moving toward a high-volume level, where a strong buyer was present. We also saw a proper Fibonacci correction, which might indicate a potential reversal and a good entry point for a spot position. I'm entering with 0.5% of my deposit and will add another 0.5% in case of further correction. DYOR.
Simple strategy of buying bitcoin when it's trading under 100K leading up to Trump Presidency, I don't see why Bitcoin can't continue to 125K by Jan 20 (Trump inauguration). Fed went from from dovish to dovish/neutral in my opinion, not hawkish. This is a buying opportunity and the strong reversal forming a bullish hammer after the cooling PCE report today is the confirmation to continue buying BTC here.
MARKETSCOM:BITCOIN has recovered nicely. For now I think it is especially important that we really break the upcoming suply zone and retest it at the latest. In that case we are back in the trend and we have completely completed our correction. For now it looks good, but I remain slightly skeptical. Especially with a possible government shutdown. Although I just read the latest news that this will not happen. Hopefully this will bring some more certainty back to the market and that we will have a nice Christmas run in return. For now the supply has to become a demand sin and we are back on the right side. Be kind to the world and each other!
I have the daily on my chart to demonstrate the micro change in market structure that occurred this morning following the previously predicted pullback that occurred with BTC impacting the entire crypto market. MATIC and VALA remain perfectly correlated since August with variances existing in very small percentage points. On the Daily you see the lower B Band is equivelent to the middle B Band on the Weekly demonstrated in my previous charts. Here we see the rejection off of the local bottom which is the lowest price point on the chart followed by a rally which hit the trapped longs existing at approximately $0.04 on the VARA short to pull back and reject off of the massive order wall that exists between $0.0195 and 0.02 respectively. This order wall are a massive amount of trapped shorts in this area where fear overtook the market and a number of holders sold their holdings which were gobbled up bargain traders. Bargain price for this token will be anything between $0.0195 where you will be lucky to fill an order to $0.025 and equivalent price to MATIC.
The market experienced two consecutive days of selloff following the FOMC Chairman Powell's rate announcement. This reaction is reflective of heightened uncertainty and bearish sentiment immediately after the announcement. However, today marked a shift in momentum as the price finally stabilized, signaling potential exhaustion of the selling pressure. Buyers have stepped back into the market with conviction, pushing the price back into the buy zone. This area coincides with a prior consolidation zone, suggesting that it holds significant technical importance as a support level. The re-entry into this zone indicates renewed interest from buyers, possibly setting the stage for a rebound or further bullish momentum in the near term. PEPPERSTONE:XAUUSD TVC:GOLD OANDA:XAUUSD
Good afternoon my fellow trader, we have two distinctive features on this chart. Mainly two signals that interests us. A rising trend coupled with rising volume. Price action moving above long-term resistance. In April 2024 ENAUSDT (Ethena) moved below the 1.04 - 1.11 price range. This level became a strong resistance. This range was challenged earlier this month. Continues to be challenged and is now being broken. The action is happening above 1.11 (current price 1.15). This is the bullish zone. Closing above this range confirms the continuation of the bullish trend. Bullish means higher. Ethena is clearly moving within the bullish zone. We can expect long-term growth based on a continuation of the current trend, market cycle and marketwide action. It is already happening. Expect higher. This is a very easy chart setup to trade. The stop can be set below the blue line on the chart. Can be a fixed level or a range. I would buy and hold long-term because resistance is being broken, prices are rising and volume is going up. All these are bullish signals. The retrace is over. Buy and hold. Namaste.
I just bought the Magic Eden token at $3.17, with a minimum target sale price of $3.80 for a roughly 20% profit. I am walking away and taking some COINBASE:MEUSD time.
Previously, #NEON peaked at $3.8. Currently, the market is in an accumulation phase (where investors gradually buy assets), and the price occasionally rises in small bursts—#NEON is a perfect example of this trend. I recommend gradually buying #NEON on the spot market and adding to your position over time. A solid move could be on the horizon. DYOR.
Semiconductors have been beaten down the last few months. MU is no exception. Look for a potential bounce off the triple bottom. Potential of 20% - 30% gain. Set tight S/L just below triple bottom. Keep a close eye next week 12/23 - 12/27.
We are at the beginning of wave 5. Movement up to $397 is available.