Bitcoin Crash + Largest altcoin analysis requests! (ask me)Write a comment with your altcoin, and I will make an analysis for you in response! Also, please hit boost and follow for more ideas.
I start my analysis with Bitcoin. Currently, I expect a drop to 85k. We have a total of 3 unfilled FVGs (fair value gaps) below the current price, and this is a big deal. These gaps pretty much always tend to be filled. These are no gaps that occurred at the start of the uptrend (near 15k in 2022), but almost before the end of the uptrend (85k in 2024). This is a hugeeeee problem, and I assure you that bitcoin will go down sooner rather than later.
Today we also want to look at the RSI indicator. The RSI indicator is important mostly only on the 1m, 1H, 1D, 1W, and 1M charts. Do not use it on, for example, 15m or 2h charts. On the RSI indicator, we can see a bearish divergence because the price is making a higher high while the indicator is making a lower high. That's a huge sign of weakness.
Also, let's take a look at the moving averages. This is the daily chart, so let's use 50, 100, and 200. These periods are very popular among huge institutions and hedge funds. They mainly like to use 200 and 20. As we can see, the price is too far away from them, which is a sign that the market is overbought and we should wait for a correction. You want to buy at the support, not when the market has already made the move.
Currently I am bearish on Bitcoin. Profit target 1: 92,250, profit target 2: 85,350.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Zigzag
GOLD → False breakout of resistance. Is a correction coming?FX:XAUUSD on the background of CPI on Thursday passes into a rally and realization of consolidation. The price is testing the resistance of 2721 and forms a false breakout. Traders in anticipation of PPI
After the release of CPI, there is a 90% chance that the Fed will cut rates by 0.25% next week.
Gold hit a two-week high due to the Middle East, optimism over China's economic stimulus, CPI news.
PPI and weekly jobless claims data also remain in focus, which could provide new hints on further Fed policy easing and the direction of the US dollar ahead of next week's Fed meeting. Sentiment around the Fed and risk trends will continue to play a decisive role in gold price dynamics.
Technically, the price is in a global wide flat. A false breakdown of resistance is forming and a correction may form.
Resistance levels: 2721
Support levels: 2700, 2682
The retest did not allow the bulls to pass through the resistance. In the near future the price may test the nearest support and form a bullish correction from which further growth or fall will be initiated. We should also take into account today's news
Regards R. Linda!
GOLD → False breakout and negative fundamental backgroundFX:XAUUSD is correcting after a false breakout of resistance. This is also supported by negative fundamentals. Will there be a pullback or will the decline continue?
Optimism over China's economic stimulus is waning amid growing fears of a trade war between the US and China. Expectations of a hawkish Fed interest rate next week helped boost the US dollar, leading to a corrective decline in the gold price.Markets now believe the Fed may send a hawkish signal by signaling a pause in January after PPI came in higher than expected
Technically gold is still inside the channel, consolidation continues. Focus on 2658-2660 support, below which there is a huge pool of liquidity that may not let the price down on the first try
Resistance levels: 2675, 2682, 2699
Support levels: 2658, 2636
From the support 2658 may form a correction from which will depend on the further development of events: if the correction will be small and the price will quickly return to 2658, it will increase the chances of support breakout and further fall, for example, to 2636. But, if gold can consolidate above 2682 and consolidate above the local high, the price may head for a retest of the high
Regards R. Linda!
NZDUSD → The price could fall another 2.5%FX:NZDUSD is forming a return to a strong support zone after testing it after a year. Against the backdrop of a rising dollar, the chances of a support breakout are growing.
The downtrend, rising dollar, weak fundamental background for NZD play a key role in forming a bear market. The price is testing the key resistance and trying to enter the selling zone. At the moment the price is restrained by the descending channel support and if the price manages to break this line and consolidate below, strong selling may be formed further, as there are no obstacles below it until 0.562.
Resistance levels: 0.577, 0.5817
Support levels: 0.575, 0.562
I do not exclude the possibility of correction if the buyers hold the support. But there is no chance of a trend change. Another retest of the support may lead to a breakdown and further fall to 0.562
Regards R. Linda!
USDCHF → Breakout of wedge resistance. CPI aheadFX:USDCHF is showing positive signs of willingness to continue the uptrend. The dollar is consolidating in the meantime in anticipation of CPI, which creates risks for us
The currency pair is testing the support at 0.877 as part of the correction. A false breakdown and a reversal pattern is formed, which indicates the end of the correction. The price updates the local lows, and on the 4-hour timeframe it enters the realization phase after breaking the wedge resistance.
The focus is on 0.882 - 0.8848. If the bulls keep the defense above this zone even after the news, the growth of the currency pair will continue in the future, as the key liquidity zones are still untested
Resistance levels: 0.8848, 0.8887
Support levels: 0.882, 0.880
CPI is ahead and traders are not yet ready to take active action prematurely. The report may form a medium-term potential. A break of 0.8848 will be the trigger for continued upside. But, the structure will be broken if the market breaks 0.876
Regards R. Linda!
EURUSD → False breakout of resistance. DowntrendFX:EURUSD is testing resistance in the downtrend phase. The maneuver ends with a false breakout of resistance at 1.0607
On the daily timeframe the price is squeezed between the strong resistance at 1.06011 and the local support at 1.05. So, if the bears keep the defense below the key resistance, the currency pair will continue to fall in the short term. The target in this case may be the area of 1.05 - 1.044.
But, technically, the retest of 1.0607 may provoke a local breakout of the level and the price movement to the channel resistance against which there will also be a high probability of formation of a false breakout.
Resistance levels: 1.0607, 1.965, 1.076
Support levels: 1.0448, 1.0331
Emphasis on resistance. Confirmation of the nearest resistance in the form of price consolidation below the level, if retested, could be a good entry zone. But if resistance is broken, the focus will shift to 1.065 - 1.067
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;)
Regards R. Linda!
BNB → Big Accumulation. In Step With The DistributionBINANCE:BNBUSDT is trying to move into the realization phase after quite a long accumulation, thanks to which the coin can give a very good growth.
The coin tested the strong support of 645 within the correction. False break of the support and quite aggressive buyout of the fall indicates buying potential. Bitcoin, which is testing the highs and ready to go even higher is a good driver for BNB
Accordingly, the focus is on near-term levels. If the price can break the near-term resistance and consolidate above, the market will further go to break ATH and try to renew it.
Resistance levels: 761, 793
Support levels: 691, 645
I don't exclude that the unexpected correction of bitcoin can provoke a correction in the cryptocurrency market, but in general the structure is bullish. High probability of resistance breakdown with the purpose of continuation of movement
EURUSD → False breakout of resistance. DowntrendFX:EURUSD is testing resistance in the downtrend phase. The maneuver ends with a false breakout of resistance at 1.067.
On the daily timeframe the price is squeezed between the strong resistance at 1.06011 and the local support at 1.05. So, if the bears keep the defense below the key resistance, the currency pair will continue to fall in the short term. The target in this case may be the area of 1.05 - 1.044.
But, technically, the retest of 1.067 may provoke a local breakout of the level and the price movement to the channel resistance against which there will also be a high probability of formation of a false breakout.
Resistance levels: 1.067, 1.965, 1.076
Support levels: 1.0448, 1.0331
Emphasis on resistance. Confirmation of the nearest resistance in the form of price consolidation below the level, if retested, could be a good entry zone. But if resistance is broken, the focus will shift to 1.065 - 1.067
BITCOIN →The Trend Reversal. The End Of Growth? Or Not!BINANCE:BTCUSDT
Still maintains a bullish market structure as evidenced by the local upward channel within the broader consolidation channel. After a strong rally, the price is moving into consolidation.
Consolidation is the accumulation of a position. Accordingly, there can be different situations inside such a figure: traps, traps, false breakdowns, unpredictable impulses and so on. And it all has one goal - accumulation. Technically, the bullish market structure is not broken. Globally - flat. Locally - an ascending channel.
The risk of breaking the bullish structure will be if the price starts to approach 91K - 85K. Then the question about deeper correction or even reversal will become more serious, but not now.
The bulls are actively defending the boundaries of the local ascending channel and it may lead the price to retest 99-102K, but at the moment there are no preconditions for strong growth. The market will need a few days to recover its strength. Just during this period of time, the asset may show further intentions.
Resistance levels: 99K, 101.3K, 104K
Support levels: 95.9K, 91.6K
If the bears hold the defense below 99K and the price starts to fall down, then pay attention to 95.9K. Further fall or consolidation inside the channel will depend on this level.
If the bulls will be able to keep the defense inside the channel (above the support), then in the medium term we can count on the continuation of growth.
GOLD → Retest 2720. CPI ahead, what to expect?FX:XAUUSD is coming out of a long consolidation and testing 2688. Bulls are trying to keep the defense above this zone, but the risks are increased by the publication of CPI...
Gold was boosted by the escalation of the conflict in the Middle East and renewed buying of gold reserves by China. Amid looming tariffs announced by Trump and weakening labor market conditions, the US inflation report will be crucial in determining the Fed's easing trajectory in the coming months.
Further upside for gold prices hinges on the release of US CPI data, which is likely to set the pace for US Fed action early next year.
Technically, gold is heading towards broad range resistance as well as the 2720 liquidity zone. The chances of reaching the target are high, but a sharp approach and high news volatility could trigger a false breakout.
Resistance levels: 2705, 2720
Support levels: 2688, 2675, 2658
The CPI data may trigger both a rise in the dollar and a deep correction, depending on the interpretation of the current US economy. Gold may react accordingly, but it all depends on the actual data.
Regards R. Linda!
BITCOIN → Trend reversal? The end of growth? Or ...BINANCE:BTCUSD still maintains a bullish market structure as evidenced by the local upward channel within the broader consolidation channel. After a strong rally, the price is moving into consolidation.
several possible scenarios regarding current levels and the current situation
Consolidation is the accumulation of a position. Accordingly, there can be different situations inside such a figure: traps, traps, false breakdowns, unpredictable impulses and so on. And it all has one goal - accumulation. Technically, the bullish market structure is not broken. Globally - flat. Locally - an ascending channel.
The risk of breaking the bullish structure will be if the price starts to approach 91K - 85K. Then the question about deeper correction or even reversal will become more serious, but not now.
The bulls are actively defending the boundaries of the local ascending channel and it may lead the price to retest 99-102K, but at the moment there are no preconditions for strong growth. The market will need a few days to recover its strength. Just during this period of time, the asset may show further intentions.
Resistance levels: 99K, 101.3K, 104K
Support levels: 95.9K, 91.6K
If the bears hold the defense below 99K and the price starts to fall down, then pay attention to 95.9K. Further fall or consolidation inside the channel will depend on this level.
If the bulls will be able to keep the defense inside the channel (above the support), then in the medium term we can count on the continuation of growth
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;)
Regards R. Linda!
GOLD → Breaking through channel resistance. Growth attemptGOLD is coming out of the channel. Bulls are trying to take the situation into their own hands and keep the defense above 2665. The metal has a chance for local return and growth to 2690 - 2720.
Growing geopolitical tension in the Middle East (Syrian government collapse) compensates local growth of the dollar, which is generally favorable for the metal.
But, risks of dollar growth remain on the background of inflation growth in the U.S., which in general can strengthen the hawkish position of the Fed policy makers on the interest rate.
At the moment all attention is focused on CPI / PPI. Profit-taking is possible due to high risks.
Gold is coming out of the local channel, but is still trapped inside the global channel. Price may test the zone of interest before important economic data.
Support levels: 2660, 2655, 2636
Resistance levels: 2673, 2688, 2721
The breakout took place and the metal is trying to go up. The target is 2688. But we should be careful, because geopolitical tensions, upcoming economic data may cause corrections and profit taking
Regards R. Linda!
AUDUSD→At Critical Support Level's Could It Drop Further ?OrNot!FX:AUDUSD
The AUD/USD chart reveals that since late October, the pair has been in a downtrend. This is largely driven by monetary policy differences: while the Federal Reserve has begun cutting interest rates, the Reserve Bank of Australia (RBA) has yet to initiate rate reductions.
Tomorrow, the RBA will announce its decision on interest rates. All 44 economists surveyed by Reuters expect the rate to remain at 4.35%, given persistently high core inflation (3.5%) and low unemployment.
Previously, experts forecasted rate cuts in the first quarter of 2025. However, most now anticipate reductions no earlier than the second quarter, as the RBA focuses on bringing inflation back to its 2–3% target range.
GOLD → Resistance Retest. False breakthrough?FX:XAUUSD lingers inside the consolidation and channel 2660 - 2615. Technically, speculators are confused. The fundamental background is mixed. What's next?
Focus on the escalating conflict in Syria, which has led to the overthrow of the Assad government and the end of the long-running Civil War. Risks regarding the Middle East are still quite high despite the ceasefire between Israel and Lebanon.
Fundamentally, despite Friday's better than expected NFP, markets are 80% likely to expect a 0.25% Fed interest rate cut. In the week ahead, all eyes are on economic data such as CPI and PPI.
Technically, I don't see any reason for the price to break out of this consolidation. Accordingly, I expect a false breakout with a high degree of probability.
Resistance levels: 2655, 2660, 2667
Support levels: 2636, 2615
The price has passed 0.85% since the opening of the session. There are no reasons for the resistance breakout. There is also no potential for a breakout. Accordingly, based on the available data, there is a high probability of a decline from the key resistance zone.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
DOGE → Consolidation ahead of rally to ATH $0.7400BINANCE:DOGEUSDT is taking advantage of the hype moment and is consolidating after a strong rally. The trigger for rally continuation is the area of 0.45 - 0.46. The coin has all chances to reach ATH
Despite bitcoin speculation, a 10% drop in bitcoin, the main reason for which is profit-taking, doge continues to consolidate and does not react to the market noise. The big player interested continues to buy in the hope of continued growth. Technically, an ascending triangle is forming on the 4-hour chart and consolidation above MA-50, which indicates a rather strong interest from the buyer
Resistance levels: 0.45, 0.463, 0.48
Support levels: 0.422, 0.400
Since the price is still inside the pattern, I don't exclude the possibility of retesting MA-50 or one of the key supports before further growth. But the break of the key resistance will be the reason for further rally towards ATH
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:DOGEUSDT ;)
Regards R. Linda!
Bitcoin - Ultimate bull trap, soon a big crash! (must see)Bitcoin really cannot continue in this parabolic uptrend. Why? Because if yes, it would hit around 600,000 USD by December 2025. Of course that's impossible, so the only option is to slow down. Bitcon still hasn't made any bigger correction in past weeks and is currently facing a very significant psychological resistance of 100,000 USD. I am really not buying because the Moon Boys are back and first we need to see a shakeout and a flash crash.
85k is a very reasonable support because it's the end of the massive FVG (fair value gap) on the daily candles. Also, it's the start of the first price action on the volume profile. This is where you want to buy.
What we cannot miss is the symmetrical triangle on the 4H chart. This to me looks like a bull trap on retail traders because everyone would buy the breakout. So there is still a possibility of making a last push to sweep liquidity (stop losses).
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
GOLD → NFP may release price from consolidationFX:XAUUSD declines to 2615 and forms a false breakdown. Traders are confused as they wait for NFP and are not preparing for premature action yet, waiting for economic data...
The dollar is having some trouble indicating it is ready to enter a deeper correction phase, but now it all depends on NFP and the Fed. Metal is still squeezed inside the 2660 - 2615 flat. A false break of the support forms a pullback to the liquidity sides
If the NFP is below the expected 200K, the gold may go up, as it will indicate the continued cooling of the US labor market and encourage the Fed to cut rates further. But, strong NFP data could put pressure on the decision to pause the Fed's interest rate cut cycle, which could put negative pressure on the metal....
Resistance levels: 2655, 2660
Support levels: 2636, 2605
Technically, the NFP may influence the price to leave the channel, which may be accompanied by a strong impulse. The price direction depends on the immediate actual employment data....
A break of resistance will trigger a rise to 2690
A break of support will trigger a fall to 2580
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
GBPUSD → Channel breakout. Attempt to change the trendFX:GBPUSD finds an opportunity to grow. A breakout of the local trend resistance is forming amid the dollar correction. Zones of interest: 1.300
The retest of the intermediate bottom ends with reversal candlestick patterns and market reversal structure. The big question is: How long will it last? It all depends on the dollar. The US market received negative jobless claims data yesterday, which may also affect the NFP, which will be released later today. A worse-than-expected data will intensify the dollar correction, pointing to the problems in the economy (against what Powell said recently). In such a scenario, forex currencies may get a chance for a small rally.
Technically, a channel breakout is a good signal that could turn into a strong momentum, but apparently traders are not in a hurry yet....
Resistance levels: 1.284, 1.300
Support levels: 1.272, 1.261, 1.2488
Accordingly, if a false breakout of resistance is formed and the price falls beyond 1.272, then we should expect a decline to 1.24. But at the moment there are positive signs to gain from 1.275 to 1.300 in the medium term.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPUSD ;)
Regards R. Linda!
GOLD → Consolidation before a strong movement. But where to?FX:XAUUSD continues to consolidate and we have questionable preconditions that indicate both a possible fall (fundamental background) and growth (technical background).
Gold is holding back after Fed Chairman Powell's speech:
The US economy is in remarkably good shape.We are moving very quickly with rates.
"I am very pleased with where monetary policy is right now"
Unemployment is still very low and progress is being made in fighting inflation
The focus remains on the jobless claims data and NFP at this time
Technically, the focus is on consolidation in a locally rising channel format. A price exit from the channel in either direction may be accompanied by a strong impulse.
Resistance levels: 2655, 2660, 2688
Support levels: 2636, 2620, 2605
Two scenarios due to mixed and stalemate situation:
black: Powell commented on the situation as strong enough for the US market, accordingly, gold is forming a consolidation in a flag format, which is technically a pattern for a continuation of the fall.
blue: On D1 there are prerequisites for local growth. If the price breaks 2655, then 2660, the growth may continue to the zone of interest 2688.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
SOLANA → Consolidation before the rally continuesBINANCE:SOLUSDT is consolidating after a strong rally. This is a generally positive sign for continued growth as the altcoin season is in full swing. It may take some time to overcome the previous ATH
Within the current move, Solana updates the ATH and forms a false breakout, which closes the coin in a channel, but not for long. A consolidation of 265 - 221 is forming within a strong bull market. The coin has several drivers: Trump, favorable background of his policies, talks about the fund, bullish BTC, which is already testing 105K and so on....
Technically, until the consolidation is over the movement will not continue. the trigger for continued growth could be the area of 250 - 265. The breakout and holding of the defense by the bulls above these zones could be good signals for further rally, as above 265 is empty and there is no resistance
Support levels: 222, 205
Resistance levels: 239.6, 245.3, 264.4
I do not exclude the fact that a false break of support may be formed, but the market is generally bullish. accordingly, the current situation can be viewed from several angles: buy on a pullback or buy after a break of resistance with the aim of further growth
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SOLUSDT ;)
Regards R. Linda!
BITCOIN → The market is getting ready to pass 100K. New targets?BINANCE:BTCUSD after a strong rally is consolidating without the possibility to form a deep correction, which indicates that the coin is ready to update the highs and go higher, for example, to 100-105-110K.
Despite the fact that bitcoin is losing its dominance in the market and it is possible to say that the alt season is open, the flagship of the cryptocurrency market has a huge potential to continue the rally. At the very least, the market is interested in reaching 100K, from which we are one step away.
Fundamentally: whales continue to accumulate the asset, buying up at every opportunity. Trump with his policies on cryptocurrencies is still a strong driver for the flagship and the cryptocurrency market as a whole...
Technically: The recent local correction is just a trap to gather liquidity before further growth. Pullbacks are now attracting large institutional buyers
Resistance levels: 99K, 100K
Support levels: 94.7K, 91.25K, 89.2K
An ascending triangle can be seen on the chart, which can be interpreted as a buyer's interest in breaking the resistance. The bulls continue to put pressure on the market.
Trigger 99K. If this zone is broken, bitcoin could go to 105K
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;)
Regards R. Linda!
GOLD → Consolidation. Which way will the momentum go?FX:XAUUSD in consolidation phase. The market is nervous because of misunderstanding of further actions in anticipation of news. What to expect and what can happen?
The US labor market is stronger than expected, but the dollar remained cold amid expectations of more important news. At the moment, there is a 75% chance of a 0.25% interest rate cut. But, the dollar is still in demand due to the unstable geopolitical background. At the moment gold depends on the US employment data, ADP and Powell's speech
Bad employment data may increase the probability of further Fed rate cuts in 2025. And vice versa. But, this background is unlikely to create a medium-term potential for gold..... Also, in the perspective of NFP...
Technically, gold is in consolidation and the price exit from the flag boundaries may be accompanied by a strong impulse. The probability of a further fall is a little higher...
Resistance levels: 2651, 2660
Support levels: 2636, 2618
Gold continues to test the support 2636, which only increases the probability of a breakdown and further fall. But on the background of the news, the price may test the resistance before a further fall
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
EURUSD → Consolidating before the news.... FX:EURUSD is in a current downtrend, but there is news ahead and traders are waiting for hints about the US monetary policy. The currency pair has not yet reached the local target...
On D1, the struggle for space continues after the false breakdown of support. Also, the market is still yet to test 1.061 - 1.065 - the key liquidity zone.
Ahead of ADP Nonfarm, PMI and Powell's speech, where, according to analysts, the issue of rates, US monetary policy may come up. Any hints of an aggressive rate cut could reinforce buying in the Euro and selling in the Dollar. However, we can't know this ahead of time, so the market may remain in consolidation until the news.
Resistance levels: 1.0606, 1.0654, 1.076.
Support levels: 1.0448, 1.033
Technically, the currency pair can form an upward momentum to key resistance areas, from which the decline can resume. But, if the price breaks the support and consolidates below 1.044, the decline may start earlier.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURUSD ;)
Regards R. Linda!