Key Observations: Uptrend Confirmation: Bitcoin has maintained a clear bullish structure, printing consecutive higher highs and higher lows since the start of 2023. The parabolic move from the $49,000 breakout has led to a sharp rally toward $106,869 (current level). Key Support and Resistance Levels: Support: $100,000 - Key psychological support $73,835: This is the previous major resistance that has now flipped into support. If BTC pulls back, this level will be critical for maintaining the bullish structure. Resistance: No significant overhead resistance exists as BTC is in price discovery. Key psychological levels like $120,000 and $130,000 could act as magnets for price. Volume: Volume has been increasing alongside the rally, confirming that this move has strong participation and is not purely speculative. Sustained volume at higher prices is a bullish sign that the breakout has conviction. RSI Analysis: The RSI is currently in the overbought territory (above 70), sitting near 80. Historically, in bull markets, weekly RSI staying elevated for an extended period is common, so overbought conditions don’t necessarily mean an immediate reversal. Moving Averages: 50-Week SMA: Trending sharply upward and currently around $73,000, reinforcing it as a key support level. 200-Week SMA: Sits far below around $49,000, marking the long-term bull/bear cycle boundary. Key Thoughts: Parabolic Move and Healthy Pullback: Bitcoin’s sharp rally suggests we are entering the euphoric stage of the bull market, where strong upward moves can happen in a short period. However, parabolic moves often lead to steep pullbacks for reaccumulation. A retest of the $73,835 support zone would be healthy and expected. 4-Year Cycle Alignment: This move aligns with the Bitcoin 4-year halving cycle. Historically, BTC experiences significant upward momentum in the year leading up to and after the halving. If the pattern holds, Bitcoin could target new highs over the next 6–12 months. Price Discovery Mode: With BTC breaking above all historical levels, there is no technical resistance to cap price movement. Psychological levels such as $120,000 and $150,000 could act as round-number resistance targets. Bitcoin remains firmly bullish on the weekly chart, with price discovery underway and no historical resistance. While short-term overbought conditions suggest caution, the macro uptrend remains intact as long as BTC holds above $73,835. Dips into key support zones should be viewed as buying opportunities. Long-term targets include $120,000–$150,000 if the 4-year cycle continues to play out.
EURUSD H1 17/12/2024 - Bearish pressure by macroeconomic fundamentals and a dovish ECB outlook Technical Analysis Summary D1 (Daily Chart) Trend: Bearish with price trading well below the 200-SMA and stuck below the 20-EMA at 1.0540. Indicators: RSI: At 40.64, indicating bearish momentum and approaching oversold conditions. Stochastic: Bearish crossover below 40, showing potential for further downside. MACD: Negative histogram and signal line, confirming a bearish outlook. Key Levels: Resistance: 1.0530 (20-EMA), 1.0560 (near-term swing high). Support: 1.0480, 1.0460, and a broader target of 1.0435. H4 (4-Hour Chart) Trend: Consolidation in a bearish channel, with price unable to break above the 50-SMA. Indicators: RSI: At 42.81, reflecting bearish momentum. Stochastic: Bearish crossover heading down towards oversold levels. MACD: Bearish histogram, confirming bearish continuation. Key Levels: Resistance: 1.0515, 1.0535 (50-SMA). Support: 1.0485, 1.0460. H1 (Hourly Chart) Trend: Bearish, with price below the Ichimoku cloud, 50-SMA, and 200-SMA. Bearish momentum is strong after a recent failed attempt to recover. Indicators: RSI: At 38.13, signaling bearish momentum below 40. Stochastic: Near 10, indicating oversold conditions and suggesting a potential short-term pullback. MACD: Bearish histogram with a downward signal line. ATR: At 10 pips, reflecting moderate volatility. Key Levels: Resistance: 1.0505 (minor), 1.0530 (20-EMA). Support: 1.0485, 1.0460, 1.0435. M30 (30-Minute Chart) Trend: Downtrend with price consolidating near support at 1.0485. Indicators: RSI: At 34.85, approaching oversold conditions. Stochastic: At 12, suggesting a minor pullback may occur before further declines. MACD: Negative momentum remains intact. Correlated Financial Instruments US Dollar Index (DXY): DXY remains firm above 106, supporting a bearish EUR/USD outlook. USD strength continues as inflation data backs expectations of steady Fed policy. Gold (XAU/USD): Gold remains under pressure, further confirming USD strength. Trade Plan for EUR/USD H1 Trade Setup 1: Bearish Continuation on Retracement Rationale: Given the clear bearish momentum and inability to break key resistance levels, a retracement toward resistance offers a short-selling opportunity. Trade Details: Entry Price: 1.0505–1.0510 (near minor resistance). Stop-Loss: 1.0535 (above the 20-EMA on H1). Take-Profit Levels: TP1: 1.0485. TP2: 1.0460. Risk/Reward Ratio: ~1:2. Trade Setup 2: Breakout Short Below 1.0485 Rationale: A clean break below 1.0485 support will confirm a bearish continuation towards the next key levels. Trade Details: Entry Price: 1.0480 (on breakout). Stop-Loss: 1.0505 (above breakout resistance). Take-Profit Levels: TP1: 1.0460. TP2: 1.0435. Risk/Reward Ratio: ~1:2. Trade Setup 3: Intraday Scalping Short (M30–H1 Levels) Rationale: If a short-term pullback occurs, use M30 chart resistance as an entry. Trade Details: Entry Price: 1.0500 (psychological level). Stop-Loss: 1.0515. Take-Profit Levels: TP1: 1.0485. TP2: 1.0475. Risk/Reward Ratio: ~1:1.5.
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This Bullish Flag pattern on the 4-hour chart indicates a potential upward breakout for XRP. After a strong rally, the price entered a consolidation phase, forming a flag-like structure. The pattern is characterized by a sharp move up (the flagpole) followed by a period of downward-sloping price action (the flag). The current price action shows that the flag has formed with significant support near the bottom of the flag, and a breakout above the upper trendline could signal the continuation of the bullish trend.
The GBP/CAD 4-hour chart shows a bullish continuation as price breaks above the key resistance at 1.81102 and clears the Ichimoku cloud (Kumo), signaling strong upward momentum. The green Kumo ahead indicates bullish sentiment, while the Tenkan-sen (red) remains above the Kijun-sen (blue), confirming a trend alignment. This breakout is supported by price closing above both the Tenkan-sen and Kijun-sen, with a clear upward trajectory. The bullish target lies near 1.82812 (previous swing high), while the stop-loss is set below the Kijun-sen at approximately 1.80514, maintaining a favorable risk-to-reward ratio.
I think dofe will pump if it touches 0.400 But there is an resistance area So be carefull
The market condition for Gold is consolidating, However I don't mean to know where the break out is going to be, Just a anticipatory on a Gun to my head. Gold has been consistently trading higher for a while now looking at price alone. Recently the market has been showing evidence for the likely hood of higher time frame retracement, Monthly & weekly. With that said, Last week the market has run an old daily high buy side liquidity pool & quicky reject the high. And looking at the daily chart the market looks like is going to run an old daily low next. In the lower time frame I will be waiting for short setup with that higher time frame bias. I will formulate everything I do on daily basis to get in sink with that bias.
Hi My name is Milad. I've been trading in crypto curenceis for more than 8 years . recently i've decided to publish my idea here . i sure that today Bitcoin will pump to around 108500 $ and then it drops to around 105700$ .
• The BTCUSDT is currently at $106,700. • Looking for a $1,300pts Bullish Run towards $108,000. • Market Continuing The Flow Of Channel.
#SUI The price is moving in a descending channel on the 1-hour frame and sticking to it well We have a bounce from the lower limit of the descending channel, this support is at a price of 4.6 We have a downtrend on the RSI indicator that is about to be broken, which supports the rise We have a trend to stabilize above the moving average 100 Entry price 4.73 First target 4.86 Second target 5.06 Third target 5.25