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Economic Cycles

CELH Buy Setup - 1/27 R:R Opportunity at Strong SupportCelsius Holdings NASDAQ:CELH is presenting an excellent long opportunity. The price is currently at a strong support level, aligning with a bullish trendline that has guided the stock upward in the bigger picture. Recently, a bullish engulfing pattern has formed, signaling a potential reversal, which is occurring in a sweet zone where many traders were shaken out of the market. This has been confirmed by a noticeable increase in volume, further indicating that the buying pressure is returning. The setup offers a fantastic risk-to-reward ratio of 1:27, with the next key level being the all-time high (ATH), which is not far away. This suggests significant upside potential if the support holds.
NASDAQ:CELHLong
by PattRec
Elliott Wave View: Dow Futures (YM) Looking for Double CorrectioShort Term Elliott Wave view of Dow Futures (YM) is looking for a larger degree correction against cycle from 3.15.2023 low in 3, 7, or 11 swing. Rally to 45183 ended cycle from 3.15.2023 low as wave ((3)) per 1 hour chart below. Wave ((4)) pullback is now in progress to correct that cycle. Internal subdivision of wave ((4)) is unfolding as a double three Elliott Wave structure. Down from wave ((3)), wave A ended at 43941 and wave B rally ended at 44556. Wave C lower ended at 42496 which completed wave (W) in higher degree. Rally in wave (X) unfolded as a zigzag Elliott Wave structure. Up from wave (W), wave A ended at 43663 and wave B ended at 42928. Wave C higher ended at 43746 which completed wave (X). The Index has turned lower in wave (Y), but it still needs to break below wave (W) at 42496 to validate this view. Near term, as far as pivot at 45183 high stays intact, expect the Index to extend lower. Potential target for wave (Y) lower is 100% – 161.8% Fibonacci extension of wave (W). This area comes at 39403 – 41060 area where buyers can appear for more upside or 3 waves rally at least.
CBOT_MINI:YM1!
by Elliottwave-Forecast
BTC 2025 I have plotted the yearly OHL. White line shows year open. If you think BTC is bullish then you buy the year open and hold till EOY or hodl till your heart desires. Alternatively you could gamble and wait for a dip below year open and buy then. Or perhaps you can wait till there's a dip below year open and then wait for a reclaim back on top of the year open level to start bidding. Regardless I see a strong bull trend: 12 years of buy year open and hold till EOY = positive return 3 years of buy on year open and hold till EOY = negative return 2015 is an outlier but despite the heavy drawdown the year end gave a positive return. The probabilities are very skewed and its pretty crazy how complicated we make the LTF analysis and forecasts where the simplest of strategies garners significant gains. The years following a halving year (2013, 2017, 2021) all have a 100% hit rate of buy year open and hold till EOY. Those years offered a very positive return and marked the top of the "cycle" being followed by a down year. My personal opinion is you either buy now or buy higher later. We might look back in a few years and lament on how we had so much time to buy sub 100k. Alts see a similar pattern. The beginning of the year is crucial in determining what lies ahead.
CRYPTO:BTCUSDLong
by bhx10
4
EVO Elliot-Wave AnalysisDespite the very strong financials, the EVO chart is stuck in a correction since Apr '21. I think there still is a bit more downside potential. The price should eventually find support in the green box, and ideally start forming a bottom in this area. Potentially the price could drop even lower, but thats not my main scenario. Either way, it will probably take multipe monts, untill the price will start surging again. I see massive value at these prices! I will start buying aggressively, when the price is entering the green box.
OMXSTO:EVOLong
by PF_Analysis
BTC Weekly Signal: A Warning or Just Another Test?Analysis: Bitcoin's current price action presents a critical juncture, marked by the flashing of the PrimeMomentum LongTerm Signal BTC on the weekly chart. Historically, this signal has proven to be 100% accurate, correlating with significant corrections whenever it appears. If the signal persists until the weekly candle closes in 36 hours, we might see Bitcoin entering a deeper corrective phase. Key Observations: The Signal's History: As illustrated on the chart, each red diamond signal in the past has accurately predicted a correction. Corrections following the signal have ranged between 7% to 25%, with the most extreme being a 72% drop during the bear market. Potential Correction Zones: Two imbalance zones have been highlighted as potential targets: $85,000–$81,600: This aligns with the upper imbalance zone. $74,400–$70,600: A deeper support area, matching historical price reactions. These zones are consistent with prior correction depths and market behavior during similar signals. Market Cyclicity: Corrections often precede major market rallies. Historical data shows post-holiday rallies were initiated by small corrections, fitting the current scenario. This aligns with upcoming macro events, including the inauguration of significant political figures, which could fuel renewed bullish sentiment. What to Watch: Weekly Candle Closure: If the signal remains active upon close, the likelihood of a correction increases significantly. Reaction to Imbalance Zones: Monitor price action closely if Bitcoin approaches $92,000 or either imbalance zone. Macro and Whale Activity: Whales may capitalize on this correction to accumulate Bitcoin at lower levels before anticipated bullish catalysts in 2024. Final Thoughts: This setup reflects a dynamic yet critical stage for Bitcoin's market structure. While corrections can appear alarming, they are often healthy retracements that set the stage for stronger bullish moves. Keep an eye on the weekly close and remember that the PrimeMomentum LongTerm Signal BTC has yet to fail in its predictions. Will Bitcoin's trendline hold, or are we due for another major correction? Share your thoughts and let’s discuss! 🚀
Short
by SetKryptoBalans
Bitcoin at a Crossroads: Testing Key TrendlinesBitcoin’s current price action places it at a decisive technical level, where historical and recent trendlines converge. This area holds significant implications for the future direction of the market. 🔍 Key Observations from the Chart The Two Trendlines in Focus Old Trendline: This line, originating from the previous bull market, acts as a critical long-term support. Its historical significance makes it a widely-watched level for market participants. Young Trendline: This trendline represents the momentum of the latest bullish recovery. A break here could signal a potential shift in sentiment. Liquidity Cluster Around $92,500 A clear liquidity zone lies just below the current price. Such zones often attract price action as market makers seek to clear stop-losses or gather liquidity before determining the next move. Imbalance Zones Below Imbalances between $85,000 and $70,500 are visible on the chart. These areas represent inefficiencies in price action that could serve as potential targets if support levels fail. 🎯 Levels to Monitor Support Levels: Young Trendline (~$93,800): The first line of defense for bulls. Old Trendline (~$93,800): A breach here would signal a deeper retracement. Liquidity and Imbalance Targets: Liquidity Zone: $93,000-$92,000. Imbalance Zone 1: $85,000–$81,600. Imbalance Zone 2: $74,400–$70,600. Resistance Levels: If BTC bounces, watch for reactions near $98,000 and $100,000 as short-term resistance. 🤔 What Could Happen Next? Scenario 1: Support Holds If the trendlines hold, BTC could see a recovery toward $98,000 or higher, maintaining its bullish structure. Scenario 2: Break Below Support A loss of the young and old trendlines may lead to a retest of the liquidity zone at $92,500. If this level fails, the imbalance zones below become the next logical targets. Volatility Ahead With price so close to these key levels, whale activity and stop-hunting wicks are likely. Traders should prepare for possible fakeouts before the true direction becomes clear. ⚡ Key Takeaway Bitcoin’s position near these converging trendlines makes this a crucial moment. Whether the supports hold or price dips to fill lower imbalances, the upcoming moves will provide important clues about market sentiment heading into the new year. Patience and risk management are essential in this environment. Stay neutral, observe the price reaction to these levels, and let the market reveal its hand.
by SetKryptoBalans
DOGE price predictionI've posted a few DOGE coin predictions over the last few weeks, with this one being an adaptation of one that I've previously posted. It looks as though we could be in a handle of a very long term cup and handle, with the handle being wave 4 of 5 of 1. IF it plays out there there's a mid-term decline underway and still coming until the end of the current cycle and then up in typical impulse fashion for 1-5 for the completion of 5. But, if there is a local high, then the cup and handle is invalidated and I'll put in a new prediction. In the immidate term all crypto is likely to go down for at least another week and then up from there. Follow for more.
COINBASE:DOGEUSD
by cryptechcapital
5
MATICUSD versus VARAUSD Correlation - Merry Christmas BullsOn this chart is why I do not use lower time frames to make large trade decisions and why I do not set a stop loss based upon this data... MATIC is the chart on the right, we can see clearly that a bear flag that is circled developed into a very tight squeeze pattern. The result of any squeeze is a breakout, and it is honestly 50 /50 chance of going up or down especially on the lower time frames. Squeezes occur simply out of indecision in the market. Either very large order walls or lack of volume will result in a breakout. Statistically, the longer that this squeeze formation is the more likely that the asset is going to break out to the upside. (If you don't believe me, look at any chart). Something that I have noticed over my many years of trading high risk assets, especially when dealing with coins that are immortal blockchain, DAO, AI, or DEX coins is, when you are shopping for a moonshot, find one that has been in a flat bear flag for a long time... hence why I don't look at these lower time frames. Look at VARA now, its correlated directly to MATIC only because they are basically the flipside of the same idea. One is a little older than the other hence the higher volume. But if we were smart, we would keep a close eye on MATIC when trading VARA since when MATIC moves, VARA follows, wouldn't you agree? So, traders using lower time frames would have seen this bear flag and would have simply taken a short or long position based upon it. I personally would short there simply due to the fact that I do not go long on a bear flag unless it is very long in a time frame to the extent that I can visually see it on the weekly. Now, moving on to the 23 hour chart and why I prefer it to the Daily. The daily is used by everyone and yet the 23 hour chart provides us with a clear view of 24 hour rest periods where assets just sit within a very small candle that results from inactivity. Using the 23 hour and zooming way out so that you can see the weeks before you in total will help pick up on these squeeze trades. It isn't perfect, it is my idea, and I am not a financial advisor.
COINBASE:MATICUSDLong
by fritbjorn