what is happening to BTC right now ?! 🐺 "Hello, KIUCOIN family . I hope you're doing well. 🐺
In this analysis, I've decided to explain what's likely to happen to the BTC price in the immediate short term and the long term. Be sure to stay tuned with me until the end, as it's going to be mind-blowing." 🤯
"First of all, let's examine the monthly chart. In my opinion, this is one of the best timeframes, especially for this analysis, because it reveals extraordinary price targets. Let's dive into it :
As you can see on the monthly chart , BTC is between two uptrend curves that have acted as support and resistance since 2015 . These curves are fairly strong, justifying their classification as strong support and resistance lines on the monthly timeframe.
As you may already know, the higher the timeframe we examine, the more accurate results we can achieve. Therefore, the patterns on the monthly timeframe are much more accurate than those formed on the daily or even the weekly timeframe. In this case, we have a clear and perfect bullish flag pattern . This is a bullish pattern, and its main target, which aligns with our resistance line, is around $165,000. 🔥🐺🚀
So let's reveals more details for you dear 🐺KIUCOIN🐺 family :
In the chart above, on the weekly timeframe, we have a clear AB=CD pattern . This is a well-known pattern in harmonic trading and, in my opinion, is quite accurate. Seven out of ten times, these patterns reach their targets, making them a valuable tool for traders .
So I think there is another secret reason for us to pay attention to it :
BTC.D
As you can see in the chart above, BTC.D is currently within a symmetrical triangle, which could also be considered an ascending triangle in this case. It appears to be on the verge of breaking out. In my opinion, if BTC.D breaks through this resistance level, it could be incredibly beneficial for the BTC price , potentially leading to a significant rally up to $165,000. However, this could also be challenging for altcoins and ETH . While they might also experience pumps alongside BTC, these pumps are likely to be less substantial. After such a BTC-led rally, we could expect a massive altcoin and ETH season. So, stay tuned with me until that time, as we could potentially make life-changing money together during this market cycle.
Now finally it's time to take look at the lower time frame :
As you can see on the daily timeframe , if BTC breaks through the orange resistance line , we could consider entering a long position with a target of the previous all-time high. You could also take some profits at a predetermined level and set your stop at the entry point to protect your initial investment. The remaining position could then potentially continue to generate profits, leading to a higher target of $165,000.
I hope you enjoy this idea dear KIUCOIN family , also always remember :
🐺 Discipline is rarely enjoyable , But almost always profitable 🐺
Breakout
Market in Consolidation, The Calm Before the Next Big MoveThe market is currently in a sideways consolidation phase, showing a lack of significant movement across altcoins. This is a natural occurrence following an impulsive move, where price action stabilizes before the next major breakout. Such phases often lead to a period of uncertainty as traders wait for a clear directional move.
After a strong price movement, it is common for the market to go into sideways consolidation before deciding its next direction. Right now, almost every altcoin is forming a symmetrical triangle pattern, which suggests that buying and selling pressures are balancing out. This pattern typically acts as a precursor to a major breakout, either upward or downward, depending on market sentiment and external factors.
During this phase, it is crucial to exercise patience and avoid making impulsive trades. The best strategy is to wait for confirmation of a breakout before entering the market. A decisive break above or below the current range will provide clarity on the next significant move. Traders should closely monitor key support and resistance levels to position themselves effectively.
Historically, prolonged periods of consolidation lead to strong moves in either direction. The longer the market remains in this phase, the more powerful the eventual breakout is likely to be. Being prepared and having a well-defined trading plan will be essential in capitalizing on the next market movement.
FTT ANALYSIS📊 #FTT Analysis
✅There is a formation of Falling Wedge Pattern on daily chart with a breakout and currently trading around its major support area🧐
Pattern signals potential bullish movement incoming after a successful retest
👀Current Price: $1.946
🚀 Target Price: $3.050
⚡️What to do ?
👀Keep an eye on #FTT price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#FTT #Cryptocurrency #TechnicalAnalysis #DYOR
$NASDAQ:RGTI 57% Upside: Consolidation Breakout WatchNASDAQ:RGTI has been in a consolidation pattern for the past ~11 trading days. Creating a nice volume shelf of support. It continues to bump up to the line of resistance, but hasn't broken through.
Here's the trade:
Conditions:
The stock price closes above the line of resistance ($13.98)
Volume is relatively higher than recent bars (a spike)
Squeeze is firing indicating a positive release (light blue bars)
MACD has signaled a buy
Williams %R continues to ascend, preferably into the upper 20%
Entry: Anything above the 13.98 close.
Price Target:
$22.00 - 57% above the resistance line.
Note: There may be some resistance and pullback when trying to cross $17 and $20
Caution!
Quantum computing stocks have been volatile, so pay attention!
USDJPY - Support Becomes ResistanceHello Traders !
On Friday 10 January, The USDJPY reached the resistance level (158.874 - 160.209).
Currently, The support level (155.948 - 156.364) is broken🔥
This key level becomes a new resistance level !
So, I expect a bearish move📉
_______________
TARGET: 153.550🎯
FARTCOIN 4H After selling off heavily from the high FARTCOIN is starting look stronger at these areas.
Price has broken out of the diagonal downtrend resistance after sweeping the KEY S/R LEVEL demand zone. Now retesting the breakout for support, if it holds then a move towards the LOCAL HIGH BEARISH OB is the next aim for bulls.
After that a progressive HL & HH structure is needed to work up to the TP targets at significant levels later on.
Overall good R:R at this level from a chart TA perspective, my worry is that currently memecoins are out of favor because of the sell off so keeping an eye on sentiment would be important.
MP Materials BreakoutMP Materials is benefitting from being the only integrated rare earth mining and processing site in North America. Trade wars heating up with China are a booster for this company which was already benefitting from having a new administration that wants to bring manufacturing back to the US and start sourcing rare earth elements locally.
MP has broken out of a downtrend channel, back-tested the channel and held above, and is now moving higher. Not much keeping this one from ultimately going and testing that all-time high around $60.
Lower indicators are bullish:
PPO shows the green PPO line rising above the purple signal line, and both are above the 0 level which indicates short and intermediate bullish trends.
TDI shows the green RSI line rising above the horizontal 60 level, in the upper half of it's Bbands, and above the purple signal line. Overall bullish trend in short and intermediate term.
*This is one of 50 US companies that I buy and hold in my Roth.
Tesla - Another +100% After This Breakout!Tesla ( NASDAQ:TSLA ) can still double from here:
Click chart above to see the detailed analysis👆🏻
With Elon Musk actually becoming the richest person on this planet, Tesla is simultaneously attempting another all time high breakout. All the recent bullish momentum could further fuel this rally, leading to new all time highs and another 2x in Tesla's market cap.
Levels to watch: $450, $900
Keep your long term vision,
Philip (BasicTrading)
Swedbank Just Did Something It Hasn't Done in 18 Years!Hi all,
A few weeks ago, at the Estonian finance conference, I pointed out that Swedbank needs a Monthly candle close above a historically significant level to confirm further upside into "open waters".
Before I dive deeper - if someone still claims that "price has no history" or "price doesn't repeat itself," just show them Swedbank’s chart. Back in 2007, Swedbank attempted to break the 215–228 SEK level for the first time. The result? A complete failure. Sellers took control and smashed the price down.
Fast forward 7–10 years: “Let’s try again a few more times!” Still nothing. The level remained unbreakable, draining all momentum. Over the past 18 years, this zone has been tested 7–9 times, and every single attempt ended in failure.
Now, today, things are changed. Today, we have that Monthly close, and the price has now entered a potential buying zone. Technically, Swedbank is ready - optimal zone 215 to 237 SEK!
Do your homework; this is just my opinion and my analysis!
Do not forget to "Boost" the idea - all the best,
Vaido
Xrp - All Structure Is Finally Broken!Xrp ( CRYPTO:XRPUSD ) is heading for two digits:
Click chart above to see the detailed analysis👆🏻
Over the past three months alone, Xrp rallied about +550%, perfectly following the expected triangle continuation breakout. Since there is literally no resistance above the current levels, it is quite likely that Xrp will now rally all the way up to the psychological two digits.
Levels to watch: $10.0
Keep your long term vision,
Philip (BasicTrading)
KAVA ANALYSIS📊 #KAVA Analysis
✅There is a formation of Descending triangle pattern on 1 day chart with a breakout 🧐
Pattern signals potential bullish movement incoming after a consolidation
👀Current Price: $0.5050
🚀 Target Price: $0.5600
⚡️What to do ?
👀Keep an eye on #KAVA price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#KAVA #Cryptocurrency #TechnicalAnalysis #DYOR
UJ Prepping Falling Wedge Breakout To Start 2025?FX:USDJPY starts 2025 in what appears to be a Falling Wedge, but following the 50% Fibonacci Retracement based from the Low @ 148.639 to start December 2024 to the High @ 158.874 last month, Price seems to may be ready to setup for a Bullish Break of this Pattern.
To see if FX:USDJPY has truly Broken Out of the Falling Wedge, here are some signals:
1) While price travels lower in the Falling Wedge, we can see Volume picks up the lower price goes
2) The Breaking Candle following the 2nd 50% Retracement touch generates a good amount of Bullish Volume compared to the similarly sized printed Bullish Candle following the 1st 50% Retracement touch (both candles marked in yellow to compare)
3) Following this Break, we see RSI Break above the 50 mark moving into Bullish territory.
** Buy Opportunities will come if Price successfully retest the Break of the Falling Resistance and finds Support.
-- Beware of a False Break if Price decides to fall back down Below the Falling Resistance too soon before a legitimate test.