It looks like CRYPTOCAP:DOGE #doge coin price wants to test the previous high in march 2024. This ascending wedge first bring pump. Then.. we' ll talk.
Hey guys I’m back again for my weekly projections on Gold,last week no trade cuz we didn’t get good entries so this week I’m neutral on Gold so I will be waiting for price to break above 2712 zone and wait for a nice retest with a bullish confirmation to take buys and also with sells I will be waiting for price to break below 2604 zone and wait for bearish confirmation to take sells to the downside so let’s wait for this setup to play out this week or it might not but in all let’s see how it goes….
Troy chart to pump to the indicated value if the current levels hold support. Each level can reject to a new low or offer support and push the price up.
We have bearish wolves wave pattern on ETH H1 chart. Sell signal is already activated. Risk reward 1/5. Good luck!
Wait for retest the key level then take a trade for Sell otherwise skip this setup
Expect it to turn into distribution, currently in a long on this.
A simple swing long idea on Render. I set a limit order with 2% risk. Let´s see how it goes. DISCLAIMER: I am not providing trading signals or financial advice. The information shared here is solely for my own documentation and to demonstrate my trading journey. By openly sharing my process, I aim to put pressure on myself to stay focused and continually improve as a trader. If you choose to act on any of this information, you do so at your own risk, and I will not be held responsible for any outcomes. Please conduct your own research and make informed decisions.
In the chart, the blue lines are the support lines and the red line is the resistance line. If Bitcoin can break the red line in the upcoming candles, it can grow to the set targets. What do you think? Do you think Bitcoin will correct or continue to be bullish?
Wait for retest the key level and bearish momentum then take a trade for Sell otherwise skip this setup
In 2024, we have witnessed significant developments in Bitcoin and the cryptocurrency industry. Regulatory frameworks, such as Bitcoin and Ethereum ETFs and the Blockchain Integrity Act, indicate a clear progression toward market maturity. In the realm of Bitcoin mining, the industry continues to expand with a growing number of miners, institutional investments like Deutsche Telekom's Bitcoin mining initiatives, and increased public investment in mining operations. At the same time, public pressure for eco-friendly practices is driving a transition toward renewable energy-powered mining. The industry's sustainability challenges intersect with regulatory and societal demands for environmentally responsible practices. Cryptocurrencies have also emerged as tools of economic diplomacy, playing a role in geopolitical influence. The concept of Bitcoin as a strategic national asset is gaining traction, underscoring its significance in international economic strategies. Aligned regulatory policies further highlight this trend, as seen in initiatives like the Global AML Alignment between the U.S. and South Korea (June 2024). Efforts to harmonize global anti-money laundering (AML) standards are fostering international collaboration and compliance. Decentralized finance (DeFi) platforms continue to innovate, offering new financial tools. However, they are also facing increased regulatory scrutiny. Meanwhile, the testing and development of Central Bank Digital Currencies (CBDCs) reflect governments' efforts to introduce state-backed digital currencies. While CBDCs could provide stability, they may stifle innovation in decentralized systems. Additionally, projects like the Visa Tokenized Asset Platform are pushing the boundaries of digital currencies, extending tokenization into traditional finance and beyond. Bitcoin has experienced substantial growth in 2024, nearing the $100,000 mark. This surge has been primarily driven by the BTC Halving, Bitcoin ETFs, and favorable momentum following the U.S. Presidential Election outcome, with potential regulatory support under the new administration. Following this rally, there is uncertainty about whether the price will continue to climb to new all-time highs (ATH) or enter a phase of consolidation and pullbacks. One possibility is that the price could reach Target 1 before pulling back. However, a more likely scenario involves price consolidation around the current zone or a correction to the next support zone at $77,000–$84,000, where consolidation could occur. If this support zone breaks down, the subsequent support zone at $62,500–$69,300 presents an opportunity for buying more BTC. Consolidation in this zone is possible but may not exceed three weeks. After a period of consolidation or correction, the price could move toward the following targets: Target 1: $105,000–$111,500 Target 2: $118,500–$124,000 Target 3: $136,000–$143,100 Target 4: $150,000–$155,000 In the event of a significant price drop or market turbulence (an outcome that cannot be ruled out given the current political, geopolitical, and economic landscape) lower support zones may be tested: Support Zone 2: $51,100–$55,100 Support Zone 3: $40,000–$44,500 My trading plan is as follows: Sell 20% of my BTC holdings at Target 1 ($105,000–$111,500). Sell 35% of my BTC holdings at Target 2 ($118,500–$124,000) and 3 ($136,000–$143,100). Sell 10% of my BTC holdings at Target 4 ($150,000–$155,000). If the price moves to support zones before reaching Targets 2, 3, and 4, I plan to accumulate more BTC in these zones.