$ETH on weekly chart, it looks like a trend-line breakout was done during the first week of Dec 2024, but could not sustain it. This week, so far a big selling off and brought the price around 24% down. In technical terms this is called fakeout or false breakout. One good thing is that is it continuously able to hold the trendline support. In upcoming weeks it should again re-test the 4k level and hope this time it would rally once the 4k levels are broken. On weekly chart it took support on 20ema. If it remains above the 20ema , it would create a nice base around 3k level. A dip buying can be done if price goes below 3120 levels. I would not place a short trade because over all trend so far is bullish and always remember that “Trend is your friend” so follow the trend. #USUALAnalysis
As $BTC is struggling to stay above 100k, again and again retesting the support at around 90-92k zone, I am bit bearish in short term. Hope to see nice recovery post New Year. As mentioned in my previous posts as well that a 30% 40% correction is very common in each bull run if you follow the history of bitcoin bull cycle. 90-92k zone is buy zone but if it’s broken, 89-85k is the next zone and in worst case scenario 74-75k. Be cautious with your trades. It is going to be so volatile for next few days. I hope history will repeat itself again and we will see new highs on the chart soon ✌️#BTCNextMove #USUALAnalysis
#MarketCorrectionBuyOrHODL? $XRP is making one of the most promising and bullish patterns at this moment. If you follow the patterns and you believe those patterns work in trading, you will clearly see that a bullish flag is in the making on $XRP daily chart. Once the $BTC movement is bit stabilised, expecting XRP to make new higher highs in this bull run. As per Technical chart pattern, it shouldn’t reach somewhere between $4.5 to $5 easily. On a downside, I see $1.5 should be able to hold it. Just a disclaimer, it is just my analysis and not a buy sell recommendation. Do let me know your thoughts on XRP. Love to know the feedback from other traders as well.
#USUALBullRun This is the monthly chart of $BTC if it follows the past pattern, there is a massive upward movement left for this bull run, but remember this is not going to be smooth as it looks in chart, there will be 30-40% corrections before it reaches to this target of around 190-200k. On a downside it shouldn’t go below 73-75k levels unless there is a dramatic change. As long as we are following the parallel channel as shown, we should ride the bull run with caution. Do let me know your thoughts as well.
#BTCNextMove $BTC Bitcoin at crucial support, it should hold here for sometime around 90-93k and with that expecting a slow recovery, but if it doesn’t, it might go to 85-87k but I think current level it should hold.
#btc before it goes for another leg up, a healthy correction is about to happen. Be ready with your buys around 90-92k. RSI Bearish divergence confirmed. Expecting that bitcoin price should dump a little more. $BTC