These post interest rate decision areas tend to be high volatility with wild whipsaws. We've certainly had high volatility with an immediate slam dump reaction today. But bonds also dumped today and in what appears to be in a high time frame downtrend: https://www.tradingview.com/x/VkFp4ug8/ This is positive for stock indexes. A 0.25 rate cut does suggest the FED is on track with inflation and it was what was expected. So I think there is a good chance that this dump is the first wave of whipsaw and there may be significant bullish cause in the pipeline. There is no telling where this dump ends but it has hit support and that does somewhat increase the chance of a reversal. I'll give this one room to breathe and it may hit the lower support where I will add to my position if it does. I think we may see a very bullish 2025 and this area might be a great dip buy opportunity. Not advice.
https://www.tradingview.com/x/MlcsuCej/ FVG's seem to always get filled (they at the minimum, act as a strong support/resistance level). We will see if the XRP army rallies from these latest retests but $2.23 would seem to be a reasonable buy so long as OBV shows a buy. There was a good short opportunity shown in the chart. I didn't take it as I was thrown by the green candle (also a green candle on OI) but I should follow my golden rules of OBV always being right!
USDT.D shot up like a rocket during this crash, while Total3 is in freefall. BTC only took a -4% hit, but the altcoin market? A brutal -8%. It’s clear: CRYPTOCAP:BTC and those ETF approvers are running the show, draining liquidity from retail investors to keep pumping BTC at the expense of altcoins. I warned you—invite these guys to your party, and they’ll clean out the buffet. If you’re holding altcoins, all you can do is hang in there and hope BTC throws some karma their way.
? I recommend placing limit orders in the highlighted zone! ? The LIMIT BUY zone is marked on the chart as a potential entry point. A bounce is expected after testing the support level. Remember your risk management and don’t forget to set stop-losses to protect your capital! ? Trading should be well-thought-out — stick to your plans!
Double top daily timeframe is crazy, with range 500, i can say ETH could drop to 3000 to retesting. But if you see 1W time frame, like ETH create a HnS if this scenario happen
FOMC sell on news event is well played, now if we hold 98 i think yes it can be support to bouncing because have 1D trendline But if it breakout, i think chart will going to 87 as another support Especially we have the best and greatest indicator in the world
fomc came out psitive ill be taking a reversal trade now
Altseason around the corner as soon as this Rising Wedge plays out BTC.D breaks down
"This is another analysis with a different perspective compared to my previous one."
I would like to say, we are entering C wave as corrective wave on daily but this case if we just in ABC corrective wave But if market maker using 1-5 corrective wave maybe we will see 245 as final wave