Bitcoin is likely to drop to $74,000 before heading higher because it needs to reset after an overextended rally. The $74,000 level acts as a strong support zone, where the price can consolidate and build a healthier base for the next leg up. The market appears overbought, with momentum indicators signaling the need for a cooldown, and the current price is far from key moving averages, suggesting a pullback is natural. Additionally, $100,000 is a major psychological resistance level, and a drop to $74,000 could serve as a liquidity grab, allowing larger players to accumulate before pushing the price higher. Once the market resets and gains new buying interest, the path toward $155,000 becomes more realistic.
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS ?Let’s learn and grow together ? ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support ??? ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
lol do of course the D is at the right spot so use your tools to find take profit. Follow me on TikTok on how to read it.
POND had also a strong trend against bitcoin right now -and most alts EDIT if you are new to the market please don't fomo into these pumps ! thank me later ? play with 10 bucks if you can help it
That's the specialty of an alt coin. It pumps and dumps with good pricing. Only thing is you need the right aids to get into a trade. You can clearly see how 7-star has printed both buy and sell prints on LDO. We can expect another 5% and more to fall DYOR For indicator access, you can contact me.
Let's dive into this chart analysis with a **detailed breakdown** using Gann techniques, including the angles, levels, and how they relate to potential trading scenarios. --- ## **1. Gann Grid Overview** The chart applies **Gann theory**, where price and time are harmonized using geometric proportions. The horizontal and diagonal lines are based on **angles** and **levels** derived from the starting price at **0° ($0.2789)**. ### **Key Components** 1. **Horizontal Levels:** - Represent harmonic increments of price movements from the base level (0°). - Each level (e.g., 60°, 120°, 180°, etc.) is a **fraction of a full 360° rotation**, marking significant support and resistance. 2. **Diagonal Lines:** - Represent **price trends at specific angles**, reflecting the strength or weakness of movements. - These angles are commonly used for forecasting future price movements, as they show the natural trajectory of the market. 3. **Vertical Lines (Time Cycles):** - Represent **Gann’s time-based projections**. - Time cycles are used to predict potential trend changes or important market events. --- ## **2. Levels and Their Significance** The chart contains **several key levels**, all derived from the **starting price ($0.2789)**. Let’s explore each: ### **Base Level (0° - $0.2789):** - This is the reference price from which all other levels are calculated. - Represents a significant **support zone** where price activity begins. ### **Key Harmonic Levels** | **Degree** | **Price Level** | **Significance** | |------------|-----------------|-------------------------------------------------| | **60°** | **$0.4013** | Minor support/resistance, often tested. | | **120°** | **$0.5460** | Next key resistance zone; a breakout confirms strength. | | **180°** | **$0.7129** | Strong resistance, represents 50% of the cycle. | | **240°** | **$0.9020** | Bullish target if 180° is broken. | | **360°** | **$1.3499** | Completion of one cycle; high resistance level. | | **540°** | **$2.1809** | Expansion phase; indicates extended bullish momentum. | | **720°** | **$3.2149** | Overbought region if reached too quickly. | --- ## **3. Current Market Position** The current price is **$0.5098**, located between the **60° ($0.4013)** and **120° ($0.5460)** levels. ### **Observations:** - **Price Behavior:** - The price has **rebounded** from the 60° level ($0.4013), showing support. - It is **struggling to break above the 120° level ($0.5460)**. - **Key Levels to Watch:** - A **break above $0.5460** signals bullish continuation toward **$0.7129 (180°)**. - A **drop below $0.4013** could indicate a bearish move, targeting the **base level ($0.2789)**. - **Time Cycles:** - The green vertical line in **February 2025** represents a potential turning point. - The next significant time cycle is marked for **July 2025**. --- ## **4. Diagonal Gann Angles** Diagonal lines represent the trajectory of price based on time and magnitude: ### **Understanding the Angles:** - **1x1 Angle (45°):** Represents a balanced market where price moves one unit for each unit of time. - **2x1 Angle (26.5°):** Indicates a slower ascent, often acting as support. - **4x1 Angle (15°):** Represents strong support levels during bullish markets. - **1x2 Angle (63°):** Indicates strong resistance during bearish trends. ### **Current Situation:** - The price is **riding along a slower upward angle**, showing moderate bullish momentum. - A break above the diagonal angle at $0.5460 could accelerate the move higher. --- ## **5. Time Cycle Analysis** The **green vertical lines** represent **critical time cycles**. These are moments when the market is likely to experience **trend reversals** or **accelerated moves**. ### **Key Time Periods:** 1. **February 2025:** - A potential **bullish breakout** may coincide with this cycle if the price sustains above $0.5460. - A failure to break out may lead to consolidation or retracement. 2. **July 2025:** - A significant event in the market could occur here. - Price direction leading into this cycle will determine whether it acts as a reversal or continuation. --- ## **6. Trading Plan** Based on the analysis, here’s how you can approach this chart: ### **Bullish Setup:** - **Entry:** - Wait for a **close above $0.5460 (120°)** for confirmation of bullish momentum. - **Target Levels:** - First target: **$0.7129 (180°)**. - Second target: **$0.9020 (240°)**. - Third target: **$1.3499 (360°)**. - **Stop Loss:** - Place below the **$0.4013 (60°)** level. --- ### **Bearish Setup:** - **Entry:** - Enter short if the price **closes below $0.4013 (60°)**. - **Target Levels:** - First target: **$0.2789 (Base Level)**. - **Stop Loss:** - Place above **$0.5460 (120°)**. --- ### **Neutral Setup (Consolidation):** - If the price remains between **$0.4013 and $0.5460**, wait for a breakout in either direction. --- ## **7. Final Notes** This chart is a classic example of how Gann’s methodology combines price and time to forecast market behavior. - **For a Bullish Market:** The levels **120° ($0.5460)** and **180° ($0.7129)** are critical to sustaining momentum. - **For a Bearish Market:** Watch for failures at **$0.4013 (60°)**, as this could lead to a deeper correction. Gann Star here: https://www.tradingview.com/chart/AEVOUSDT/1lfQGOxA-Star/ Let me know if you'd like further clarification or help in comments ? Wish you best of Luck!
The pattern forming an a b c correctionis playing out well for the crypto market cap. Be prepared for a lower low if this pattern plays out within the next few days.
The head and shoulders bottom worked out. Perhaps a cup and handle formation will work out if spot silver plays catch up with gold.
Michael Sonnenshein, former chief executive of Grayscale Investments, has been appointed chief operating officer of tokenization platform Securitize
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