Bitcoin Breakdown Below $92K Could Test $74K SupportBitcoin at $92,000 is crucial. $92.3K aligns perfectly with VWAP on the 1-day timeframe, this confluence makes GETTEX:92K a crucial support level that represents the "fair value" of Bitcoin based on both price and volume in other words buyers and sellers agree on value. A breakdown at this point would signify that sellers are gaining control, making a shift in market sentiment.
A Breakdown of $92,000 could cause panic, triggering a cascade of liquidations and further declines.
$74K and $72K are Major Confluence Zone, the SMA200 and VWAP align at $72K creating a strong confluence this makes it a CRITICAL SUPPORT LEVEL that could act as potential reversal point or
attract significant buying interest (optimal buy zone).
While the immediate risk of Bitcoin breaking down $92,000 and retest $74,000 zone looms large, the broader macro environment under the next Bitcoin-supportive administration has great potential to counterbalance market fears.
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THE KOG REPORT THE KOG REPORT:
In last week’s KOG Report we said we would be looking for the levels of resistance above at the 2670-75 region where we anticipated the short trade to come from and the lower levels of support standing at 2630 where we wanted to see a reaction in price. We managed to get the short just below around the 2665 region giving us a nice start to the week in Camelot, targeting lower and breaking through 2630. We then continued to short completing the bias target levels as well as the red box targets which were shared with the wider community.
Pre-FOMC we suggested traders pause and wait for the reversal which we managed to get based on the indicator and the FOMC report enabling us to capture the move upside into the close of the week, giving us a phenomenal pip capture on Gold. Add to that the other pairs we’ve traded and analysed through the week, and it was a nice end to week giving us an opportunity to now take it lightly for the remainder of the year.
So, what can we expect in the week ahead?
For this week we will be expecting thin volume so potential for ranging and slow movement with sudden burst of unexpected volume. We again have the key level of 2630-35 above which is a reasonable target region for the start of the week as long as the support level just below here holds us up 2610. If we can start the week with a move into that region we feel an opportunity to long is there with the first region being 2630 and above that 2635. 2635 is the level we’re anticipating a break of into the higher levels of 2650-55 and above that 2660-6, which is where we ideally want to be waiting for the short opportunity to take this back down into the lower levels with potential to then break below the 2600 level.
We say it a lot but this week and most probably for the remainder of the year we will be taking this level to level, hence the report is showing you’re the 4H red boxes which together with our 15min and 1H indicators work well to capture the moves for intra-day trading across all pairs.
KOG’s bias for the week:
Bearish below 2660 with targets below 2610, 2596, 2580 and 2578
Bullish on break of 2660 with targets above 2667 and above that 2670
RED BOXES:
Break of 2625 for 2630, 2635, 2645 and 2660 in extension of the move
Break of 2610 for 2606, 2590, and 2680 in extension of the move
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As always, trade safe.
KOG
THE KOG REPORT - ELECTION SPECIAL COMPLETEDKOG first published this chart at the beginning of November prior to the US Election with our view of the movement expected and the trade plan for the month.
We highlighted the path with the Red arrows and added the green arrows with the actual movement. As you can see, we weren't too far off with the projection using it to then trade the levels intra-day and for the swings successfully. It's worked well and combined with our tools, indicators, algo and target activations we can honestly say it's been another great year in Camelot.
We will end this idea here and mark it as completed at the green arrow point above.
Please do support us by hitting the like button, leaving a comment, and giving us a follow. We’ve been doing this for a long time now providing traders with in-depth free analysis on Gold, so your likes and comments are very much appreciated.
As always, trade safe.
KOG
Bitcoin Breaking down Below $97K Could Test $74K-$72KBitcoin at $97,000 is crucial. $97.3K aligns perfectly with VWAP on the 1-day timeframe, this confluence makes GETTEX:97K a crucial support level that represents the "fair value" of Bitcoin based on both price and volume in other words buyers and sellers agree on value. A breakdown at this point would signify that sellers are gaining control, making a shift in market sentiment.
A Breakdown of $97,000 could cause panic, triggering a cascade of liquidations and further declines.
$74K and $72K are Major Confluence Zone, the SMA200 and VWAP align at $72K creating a strong confluence this makes it a CRITICAL SUPPORT LEVEL that could act as potential reversal point or
attract significant buying interest (optimal buy zone).
While the immediate risk of Bitcoin breaking down $97,000 and retest $74,000 zone looms large, the broader macro environment under the next Bitcoin-supportive administration has great potential to counterbalance market fears.
XAUUSD_4H_SellAccording to the important trend line and the probability of breaking the trend line, Anas Gold will have more ability to fall.
Resistance and important long-term number $2650
This week's important number is $2624
If we keep the number 2624 as resistance, we will fall towards the number 2570 and 2550 dollars.
EU could go lowerHi traders,
Last week EU did exactly what I've said in my outlook.
After a small correction up for wave 2, it dropped and made another correction up into the Daily FVG.
This correction up is now finished, so next week we could see this pair go lower again to finish wave 5 (black).
Let's see what the market does and react.
Trade idea: Wait for a change in orderflow to bearish on a lower timeframe and trade shorts.
If you want to see more from my analysis, please make sure to follow me, give a boost or respectful comment.
This shared post is only my point of view on what could be the next move in this pair based on my analysis. I do not provide signals.
Don't be emotional, just trade!
Eduwave
EURUSD Technical Analysis! BUY!
My dear followers,
This is my opinion on the EURUSD next move:
The asset is approaching an important pivot point 1.0429
Bias - Bullish
Safe Stop Loss - 1.0383
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 1.0487
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
BTC/USDT: Breaking Free from a Descending Broadening WedgePattern Breakdown:
Descending Broadening Wedge:
Characterized by lower highs (LH) and lower lows (LL), this pattern reflects increasing volatility and a potential exhaustion of selling pressure.
Historically, these patterns often resolve to the upside as buyers reclaim control.
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Current Structure:
BTC has bounced from the lower boundary of the wedge, showing signs of a bullish reversal.
The price action aligns well with the theoretical breakout strategy depicted in the diagram, highlighting a high-probability long setup.
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Key Levels to Watch:
Immediate Resistance: The upper boundary of the wedge around $98,000 serves as the first hurdle.
Breakout Target: A successful breakout above $98,000 could push BTC toward the highlighted supply zone at $101,200-$102,000.
Support Levels: Critical support rests near $93,500, where bulls need to maintain control to preserve the bullish outlook.
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Momentum Indicators:
Volume: A noticeable decline during the wedge's formation suggests consolidation, often preceding a strong breakout.
Relative Strength Index (RSI): The RSI is turning upward from oversold levels, signaling increasing buying pressure.
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Trade Setup:
Entry: Watch for a confirmed breakout above $98,000.
Targets: The first target lies at $101,200, with the potential for further upside toward $105,000 if momentum sustains.
Stop Loss: A break below $93,500 invalidates the bullish scenario.
Bitcoin BTC Has Almost Finished Correction: Huge Gains Ahead!Hello, Skyrexians!
We hope you made a right decision when received the warning sign by our Bullish/Bearish Reversal Bar Indicator from our previous Bitcoin analysis . Now we see that this correction is happening right now and there is some space to go down more but not that much as you may be think.
Let's take a look at the daily BINANCE:BTCUSDT chart. We can see that our indicator has printed the red dot at the top of the wave 3. After that this dump has been started. This is wave 4 and it has the clear target between 0.38 and 0.5 Fibonacci levels. Therefore we can conclude that max target which price can reach before the reversal is 84k, but it's more likely the reversal will happen earlier, at $89k.
When correction will be finished we can expect the wave 5 with the optimistic targets between $120k and $140k. Here is nothing change from the last analysis. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
Best regards,
Skyrexio Team
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The last bullish chance of XRP in Mid term!The price has formed a bullish flag on the 4-H time frame, and if it breaks out, it can drive the price up to around $2.9 . This is expected to happen in the new year. I don't know why this coin reminds me of BNB!!!
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TradeCityPro | MNT: Momentum in Mantle's Layer 2 Network👋 Welcome to TradeCityPro!
In this analysis, I’ll review MNT, the token for the Mantle Network, which is a Layer 2 solution on Ethereum. Over the past few weeks, this token has shown significant bullish activity. If you’ve been following our YouTube channel, you’ve likely participated in the Cook airdrop on Mantle and bought MNT at lower prices.
🔍 After the price reached the $1.2701 zone and made a false breakout, it failed to reach the $1.4386 resistance level and began a correction, retracing to the 0.236 Fibonacci level.
📊 Despite the ongoing correction, selling volume has decreased, and green candles exhibit higher volumes, indicating the strength of MNT’s bullish trend.
📈 If the price breaks through $1.2701, it can easily register a new all-time high. However, to determine the precise targets, we need to wait for the breakout confirmation and utilize Fibonacci extension levels.
🧩 If the price fails to hold the 0.236 Fibonacci level, it could drop further toward the 0.382 level, which overlaps with the $0.9248 support zone.
🔽 Further support zones include the 0.5 Fibonacci level at $0.83 and the range between 0.707 and 0.786 Fibonacci levels, which intersects with the $0.655 support zone.
A breach of the $0.655 support would indicate the end of the uptrend, with the final major support resting at $0.5373.
✨ Additionally, breaking the 50 RSI support would increase the likelihood of a bearish continuation scenario.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
HBAR In Coming Days!The price is currently in a bullish flag or possibly an ascending wedge, which could cause the price to increase and rise up to the 0.618=$0.31 line.
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Prep for next week!You will mess up next week if you don't prep this week!
CRYPTOCAP:BTC 's 1W close determines crypto's short-term trend.
If CRYPTOCAP:BTC closes:
Below S alts will bleed more before the next leg up.
Above S alts will wick down then up heading into 2025.
Avoid trading this, instead set your expectations with it.
SOLMAUSDT The price can drop to 0.007 and then rise to the top of the triangle.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
The last bullish chance of AXIS !!AXIS is forming a Triangle on weekly timeframe , Up we go if we do breakout. the price can be bullish and I expect the price to go up to the Fibonacci line of 0.618 = 0.12 Stay tuned for more updates, thanks.
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
GOLD (XAUUSD): Bearish Outlook For Next Week Explained
Gold closed this week, retesting a recently broken
significant daily horizontal support - a lower boundary
of a wide trading range.
With a high probability, the price will drop from the underlined zone
all the way down to 2563 - the next important structure.
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GME In Coming Days!The price has recently broken the descending triangle, which means it could drop a bit further to the support zone and then rise.
Give me some energy !!
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
GOLD → Short to medium term perspectiveFX:XAUUSD after breaking through the support and updating the local minimum is returning to the area of 2620-2625, fueling the hopes of the bulls for possible growth. But, the medium-term picture for gold is not stable. Let's understand
The strong dollar, which soared to local highs is a threat to gold going forward, as the Fed's hints of halting the rate cut course and adopting a hawkish stance on monetary policy has affected the market quite aggressively. There are 2 rate cuts pledged for 2025. Not to forget Trump's policies in general - the impact on rising inflation....
There are two interesting charts online that should not be overlooked:
Statistics play an important role in shaping prices, but it is worthwhile to base this on actual fundamental and technical data. You should not use these statistical charts as primary data, but you can take them into account. We will analyze the dollar in terms of cycles and possible reversal in the second half of January and further as Trump acts....
As for gold, technically, in the short and medium term, I expect the decline to continue for the following reasons:
- the bearish structure is confirmed
- a localized retest of the zone of interest and imbalance is forming before a further fall.
- The bearish trend has not broken within the framework of the December 10-13 movement.
- price updates local lows
We continue to follow the zones: 2631-2636 and 2650
Regards R. Linda!