Observing the chart, we can see that the price started to rise within the support line near the pennant, and then reached the 93500 support level, which coincides with the support area. Soon, the price broke through this level and continued to rise to the resistance level, which coincided with the seller area and even entered this area, and then reached the resistance line of the pennant. Then BTC turned around and fell to the support line, and then exited the pennant pattern, and then fell slightly, and then rose to the 98500 level. BTC tried to break through this level, but failed, and first fell to the support level, and soon broke through this level, and then fell to 90785 points. Then Bitcoin turned around and rose to the 93500 support level, broke through this level, and then rose to the resistance level. After that, the price turned around and fell and corrected to the support line of the triangle, but soon it turned around and started to rise. Therefore, in my opinion, the price may fall to the support line and then continue to rise to the resistance level. When the price reaches this level, it may break through this level, thus exiting the triangle, and then continue to the next step, first retesting or not retesting. For this case, I set two TPs: the first at 98500 level and the second at 100500 points.
Sundays are the perfect opportunity to step back and prepare for the upcoming trading week. Here are a few things you can do today to sharpen your edge: ? 1. Reflect on Last Week: Review your trades: What went well? What could you have done better? Look for patterns in your behavior—did emotions like fear or greed creep in? ? 2. Fine-Tune Your Strategy: Use the quiet time to refine your trading plan. Double-check your risk management rules and ensure you're staying disciplined. ? 3. Study and Learn: Read a trading book, watch educational videos, or revisit your journal. Focus on mastering your psychology—trading is 80% mindset, 20% execution. ?️ 4. Prepare for the Week Ahead: Analyze key markets and identify potential setups. Highlight major economic events that could impact your trades. ? 5. Take Time Off the Charts: Relax, spend time with loved ones, or meditate. A clear mind is your best trading tool. Success in trading starts with the habits you build outside of market hours. What’s your Sunday routine? Share below!
Going long on a 3x leverage. Take profit at fib points. Buy now..... remember btc determines the market most times, so trade with caution. Stop loss: 0.1839
BINANCE:PDAUSDT entry range ( 0.03740- 0.05540) T1 0.06500 T2 0.09900 T3 0.12400 T4 0.18000 T5 0.28000 SL .1D close below (0.03504) *** This coin is short time investment & may give you 4X *** ______________________________________________________________ Golden Advices. ******************** * collect the coin slowly in the entry range. * Please calculate your losses before the entry. * Do not enter any trade you find it not suitable for you. * No FOMO - No Rush , it is a long journey. Useful Tags. **************** My total posts https://www.tradingview.com/ideas/crypto_alphabit/ 1Million Journey https://www.tradingview.com/ideas/1m_journey/ https://www.tradingview.com/ideas/1_million_journey/ ********************************************************************************************** #Manta #OMNI #DYM #AI #IO #XAI #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #VOXEL #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH #AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT #IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 #BURGER #MOVR #SKL #BAND #ETHFI #SAND #IOTX #T #GTC #PDA
HTF looks good for short. we closed November with volume in favor of sellers and below POC. Friday's candle can be considered as a good impulse candle, meaning we can look to go short on EG when price pulls back to Friday's VA. and then if the volume holds, we can keep it going till S1. Origin - looks good for shorts. price just needs to pull up to last week's VA which aligns with HTF. price might take a couple of days to settle down but this looks good to initiate short position. https://www.tradingview.com/x/T5wbe5Zv/
Algorand is one of the cryptos which has shown bigger gains in this bull pump. There is a major resistance level in the 0.70 zone, which has been important since 2020. I believe this is the next target to the upside. In terms of Elliott Waves, my primary count considers we are currently in gray wave 3. Pullbacks are buying opportunities until we reach gray resistance. At that level I'd be more careful since we could see a deeper correction before continuation.
yesterday, I shared some potential flush cases but if it was wave C we should be rapid movement to downward. However, i dont know if its because of weekend or its still not completed wave B or wave C ended already. It didnt happen yet. so I am trying to see if there can be another possibilities. and This could be another option we have to look at. correction ended shortly and we may see ending diagonal. If this is the case, we will likely see more altcoins going upside including eth. before I see massive movement to downward to break down lower 95500 area. I will have to say this is our trading strategy for now to long altcoins. wait for 4pm to 6pm est or utc-5.
Bullish Indicators: 1- Series of HH and HL 2- Hammer on 4h time frame and trend line support 3- Market respecting Fib support level 0f 1.06050 4- Completion of AB=CD pattern indication of end of reversal zone 5- Market has already formed divergence on last LH and LL 6- Formation of Inverse Head and Shoulder Pattern
The target is quite obvious. I expect it will be reached short term without BTC surprises. DYOR and NFA.
BTC Cycle Analysis!! Bitcoin cycle based on FIBS. Price action would look like this if it was a dead repeat.