Predicting the exact price of Bitcoin (BTC) is challenging due to the volatility of the cryptocurrency market. However, for December 2, 2024, Bitcoin is expected to remain relatively stable in the short term, with a possible range between $83,000 and $85,000. According to current forecasts, Bitcoin might be seeing minor fluctuations around these values due to various market factors Some analyses indicate a potential for further growth later in December, although significant price surges may depend on broader economic conditions, including interest rates, global demand for crypto assets, and market sentiment Keep in mind, crypto markets can move quickly, so it’s always good to stay updated regularly.
Trend is clearly down on medium to short term timeframes. Downside momentum is favored as portrayed by the size of the downside candles vs the size of the upside candles. The proposed primary target is close by sitting at roughly 189.565. This would make a decent short term target as there will be plenty of stop losses sitting below that structure level so I would not be surprised to see an aggressive movement toward this level and even further toward the proposed secondary target marked, between which the 189 level sits. I would like to clarify that I dont trade with extended targets like the secondary and tertiary ones marked. This might be handy for people who leave runners on their trades. Also keep in mind that I am only providing potential target levels here. The best thing to do would be to drop down to lower timeframes and look for good areas of value to enter.
Quick update on our Election special chart which we posted prior to the election giving our view of what to expect in terms of movement in Gold. The Red arrow was the projected path, the green arrow is real time movement. Can quite honestly say it's worked well for us, not exact, but close enough when fine tuned with the red boxes, Knights inid, and of course Excalibur. We'll keep tracking this. Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated. As always, trade safe. KOG
The market is in long expansion phase, so bears may burn their hands, however, the price is at the daily target fibo 100, and there is a nice space for a H4/H1 correction. I wait for a a countertrend break on H4 or below to go with the long trend. What's your take? Buy or sell?
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Technical Analysis for $DOGE/USDT The chart displays a Cup and Handle pattern, a classic bullish continuation signal, forming above the support zone around $0.35985 - $0.30688. The breakout above the handle's resistance level signals strong upward momentum, targeting higher price levels. Key Levels The critical support lies at $0.35985 - $0.30688, providing a safety net and ideal re-entry for buyers. Resistance Levels (Targets): T1: $0.51483 T2: $0.64038 T3: $0.77148
Based on technical factors there is a Buy position in : ? MXMUSDT ? Buy Now or by Breakout ?Stop loss 0.00830 ?Target 1 0.01150 ?Target 2 0.01450 ?Target 3 0.01950 ?RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes? and comments?
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Novavax Inc (Extended Hours) - Double Formation * Retracement Template 50%| Short Set Up | Subdivision 1 * Wedge Structure | A+ Set Up | At Area 23.80 | Subdivision 2 - Triple Formation * Support=0 | Wedge Structure * 012345 | Subdivision 3 * Retracement Area | 0.382 Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Neutral
it seems like a H&S pattern appeared on chart DownTrend is still valid
Good Evening and I hope you are well. tl;dr gold futures: Neutral. Bulls need a strong break above 2700 to test 2720 and the upper triangle line, above that is 2750 and if they break even that, no more resistance until 2800. Most bullish target I have left is 2900 but that’s too far to talk about right now. If bears break below 2630, it’s likely going down to 2560 again. Quote from last week: comment: Market overdid it a bit with the selling and since Monday there are no bears to be found. Measured move up gives us 2866 and if we reach that, 2900 is probably given. You can’t think bearish at all until we reach 2800 again. 5 very strong bull bars closing at the highs. Can’t get any stronger for the bulls. Right now we went from overbought to oversold to overbought. Some pullback is expected and it will likely be a great buying opportunity. comment: Talk about you can’t time the market. Pretty good call that was from the above outlook last week. Higher low, and lower high. Triangle on the daily, very bullish above and very bearish below. Not rocket science to read this. I do think bulls are slightly favored. current market cycle: Bull trend key levels: 2500 - 2900 bull case: My line in the sand was 2650 and low was 2630. Next stop for the bulls is 2700 and 2720. A break above the bear line opens the market up to 2800 again. That is all there is to it right now. Clear invalidation levels and breakout points to set alerts. Invalidation is below 2630. bear case: Bears had a pretty amazing day on Monday but the follow through was disappointing and so we have formed a triangle. Wait for the breakout to either side and hop along or play the current range. Invalidation is above 2750. outlook last week: short term: Max bullish if we stay above 2650. 2800 is my expectation and 2900 possible. → Last Sunday we traded 2712 and now we are at 2681. Missed the low by about 20 points but ok. Not the best outlook but I wrote that a pullback is expected and we got one. short term: Slightly bullish if we stay above 2630. Max bullish above 2750. medium-long term - Update from 2024-11-24: Likely to close 2024 above 2800 but I do think the recent selling was the first hint that we will transition into a trading range soon. current swing trade: None chart update: Added bear trend line from the triangle.