Potential BTC liquidations in the short term ⚡️

The picture was taken at a time when Bitcoin cost 43005. It can be assumed that there are too many short sellers locally, so before the true downward movement, the market will most likely liquidate them.

The nearest liquidation peaks are in the range of 43450-43550, so it may make sense to set up a short position from this range.

$MATIC 1D

I suggest paying a little attention to Matic. The picture is similar to UNI, only here I am looking at the 12h timeframe.

A "Head and Shoulders" reversal formation, about 30% in height. Its full development down can potentially send the price to an important level of 0.5-0.52.

At the top of the formation, we have both shadows from the pressure of sellers and bearish absorption, which indicates the persistence of the bears.

Since then, almost all the time auxiliary indicators have been in negative territory.

This development fits well into the "32 bitcoin" format, so I think it makes sense to take a short on a small volume

$MNT 1D

Bitcoin dominance is still at 51%, which means it’s time to get more altcoins 😏

The price has left the ascending channel and, in fact, has fulfilled its growth potential of 20%. However, this may just be the beginning. Now the price has come to a retest of the upper border of the channel and if sellers turn on at the current levels, the price may again break through the current maximum. If the level of 0.85 passes, I expect growth to at least $1.

Going long in the upcoming altseason is much less risky than looking for shorts. When opening a long position, even from the current levels, a stop can be placed within the boundaries of the channel under EMA-20 1d (0.675). Take in the range of 0.97-0.99.

If the price passes EMA-20 1d down, then it is likely that it will immediately head to EMA-50 1d or to the lower border of the channel. You should be careful, because in addition to upward signals, we also see a formed bearish divergence, the completion of which implies a decline even below 0.5. So be sure to stop!

Don't forget to like and there is even more expert content at the link in bio 👨🏻‍💻

$DYDX 1D

Which is what I warned you about in yesterday's video. Dominance is falling, Bitcoin is flat, which means that altcoins have a chance to show themselves.

Back in November, we witnessed the breakout of the “symmetrical triangle” formation and days earlier we returned to retest the upper boundary and support level. Above level 2.7 you can consider going long 📈

According to the daily timeframe, a bullish crossover on the MACD may form in the next couple of days. Combined with the bullish RSI crossover, the price has an upside potential of at least 3.2.

You can enter a trade near the current values ​​or find a more ideal entry point on smaller timeframes. However, in any case, I advise you to place a stop under EMA-200 1d (2.55). The take can be placed in the range of 4.15-4.3. If it consolidates above 3.2, I advise you to move the position to breakeven.

Risk/reward: 1:5.5 ⚡️

Remember that accepting spot Bitcoin ETFs is not a panacea and the market still has a chance of falling due to overheating.

Even more movement in Pavel Durov's messenger!

Hey crypto enthusiasts, are you ready for 2024? 🐉

Open it and share it with a friend who doesn't understand cryptocurrency.

We are still at the very beginning, gentlemen 😉

$BTC

$BTC 4H

Almost the entire month of December was spent in a fairly wide sideways pattern while waiting for a decision on stop BTC-ETFs. I don’t think that anything will change before January 10, but I still give priority to finding a short position.

The MACD indicator is trying to return to a bullish trajectory, and in the next few candles it may give a long signal. This is why shorting current ones is quite dangerous. The price is trying to break through EMA-50 4h and if it still manages to gain a foothold higher, then I expect first a retest of the upper border of the December sideways trend, near which we can try to catch shorts.

There are fewer and fewer buyers on the market, so it is becoming more difficult to contain large sales. Limit buyers provide good support, but market buyers do not support their mood as much.

Locally, at the retest of EMA-100 4h (42663) from above, you can open a long position with a short stop and a target of 43700+. More generally, after reaching the upper border of the sideways trend, you should look for shorts.

There are even more forecasts on my other platforms, look for them in the profile header!

$BNB 3D 🎃

I can’t call this idea long-term, since I am not a supporter of the BNB token. However, on the 3-day time frame we now have a trend reversal setup that can be traded.

"Head and shoulders". The setup on this token took about six months to form. The neck line (260) is clearly visible and it will be quite important to close the current day above it in order to talk about the continuation of the upward impulse. The height of the formation is approximately 20%, that is, we can potentially grow to 310+, up to 335.

In addition to the reversal formation, the BNB price is also breaking out of the global downtrend that has maintained a downtrend since November 2021, which also makes a pretty strong case for growth. And it reinforces my assumptions about qualitative growth - bullish divergence. This indicates that the BNB price may not return to the boundaries of the downward trend.

Keep in mind that the market is quite overheated. There is room to grow, but FOMO is getting worse and worse, so don't get overloaded with longs!

$BTC 4H

Locally, we are trading between horizontal support 40500-40600 and a downward trend. This can be interpreted as a descending triangle formation. This kind of formation is most often worked towards horizontal support/resistance, that is, in our case, downward 📉

On the fourth attempt, they successfully broke through EMA-100 4h, but the current activity of buyers indicates that Bitcoin is looking up in the area of ​​41900-42100. I think that after a retest of the upper boundary of the formation, sales will continue, but you should not lose your head, since a breakout upward is quite possible.

To begin with, I am waiting for the gap to overlap at 39600, after which I expect a retest of the more global upward trend, that is, a descent to 38450-38600. Further, it is quite possible that growth will continue, the targets of which will be the levels of 48000+ and 50200+.

I’m not taking shorts now, I’ll think about it when I return to 42,000.

I thank everyone who consciously leaves tips ☕️

$BTC liquidation map

Here we can see clusters of potential liquidation volumes. Often the market moves in the direction where there is greater liquidity, so based on this information, you can make decisions about setting take and stops.

At this point in time, the nearest large accumulation of liquidations is in the range of 42550-42800, followed by good volumes in the range of 43050-43180.

I think shorting here and now is quite dangerous, but going long with a stop at 42150- may be quite justified.

$BTC 4H

We see the development of a bearish impulse and the formation of a double top with a transition. Apparently, the divergence on the daily timeframe has begun to work out (I will attach a screenshot below).

This is the third time we are trying to complete EMA-100 4h and I think this time we will be able to do it. When EMA-100 4h is broken, the nearest downside targets will be the gap (39640) and EMA-200 4h (39060). Also, BTC is about to record a bearish intersection of EMA-20 4h and EMA-50 4h, which will be an additional wake-up call for those who are long.

I don’t think that this is a trend reversal, but rather a long-awaited correction, after which it will be possible to open long positions on some altcoins. Now I recommend giving up longs, since there are no reasons for growth on the chart. And in the event of local pullbacks upward, you can try to open shorts with a small leverage.

$BCH 1D

I don’t see anything terrible in the overnight Bitcoin strait, so you can try to find interesting long setups for altcoins.

BCH on the daily timeframe is trading within a bullish pennant formation, which usually signals a continuation of the upward movement. The minimum of today's spill occurred exactly at the retest of EMA-200 1d, as a result of which the price returned above EMA-100 1d and EMA-50 1d - this is good. As we can see, within this formation, a successful retest of EMA-200 1d foreshadows a new wave of growth.

When you touch the 100-period or 200-period moving average again, you can open a long position for a small volume, observing risk management for the transaction. I advise you to place a stop at 200 (psychological level), and a take can be placed in the range of 380-390.

The most important level when breaking through the formation upwards will be 268, when it is pressed, I recommend moving the stop to breakeven.

#long term

$ADA 1W

Let's look at more global goals.

As we can see, the weekly candle broke through the level that marked the bear market under which Cardano had been trading for over a year. And immediately the weekly candles entered an overbought state.

There is reason to believe that we are in an early bull market, but before a true bull market, catalyzed by the adoption of ETFs and the Bitcoin halving, we will definitely correct downward in order to knock out weak hands and curb the optimism of market participants. During such a correction, it will be possible to build a long-term portfolio in order to tighten or even update the ATH of first-tier altcoins. ADA is a definite must-have in every long-term portfolio.

Position gain area: 0.4-0.43 (retest EMA-200 1w).

Growth target: 1.6+ 📈

$LINK 4H

The range for gaining a position is the same, but in the other direction.

LINK has successfully broken the upper boundary of the bullish pennant, which implies continuation of the upward momentum. Bitcoin has grown quite rapidly, while LINK cannot boast of the same, but this is not an isolated case. It's all about Bitcoin's dominance - it is at its highest levels in the last 2.5 years.

The chart shows that the range from which we shorted and which acted as resistance now serves as support for the price and does not allow it to fall lower. Within this range, you can consider opening a long position. RSI is trying to maintain the 50 mark; EMA-50 4h and EMA-100 4h have historically served as good support levels. On the MACD indicator we see that although the bears are trying to take control of the situation, the price is not recording strong downward movements, which may indicate the strength of buyers.

Also, an additional incentive for growth will be the fall in Bitcoin’s dominance, then the first-tier altcoins may suddenly begin to “shoot” up by 5-10%. Historically, gold is a harbinger of growth in BTC (which we saw on Sunday), and Bitcoin is a harbinger of growth in alts.

Your @mark_diary

$INJ 1D

The chart clearly shows the formation of a bullish pennant pattern, which suggests the development of an upward impulse.

Of course, the formation can work downwards, but I give priority to breaking through its upper border. In this case, the most important resistance level will be 18.16. If we consolidate above it, the growth target will be the level of 23.7+ with the potential for updating ATH (25.01).

As we see, sellers are trying to exert pressure, but nevertheless the price does not record strong drops. This means that buyers are very well received. The RSI indicator has also cooled down well. It’s good that the indicator value remained above 50, which suggests a continuation of the bullish trend and another wave of growth.

If the price goes under this formation and consolidates below 14.4, this will become a serious signal for a correction to at least 11.8.

#Long term

$XRP 3D 🚀

On the three-day chart of XRP, a head and shoulders reversal pattern is completing its formation. The height of the figure from the neck line to the lower support level is approximately 60%, that is, the goal of working out this formation is 60% upward from the neck line.

Important local support levels are levels 0.6 and 0.55. From these levels you can consider going long with a target of 1.1+. The deal will no longer be relevant if the daily candle fixes below 0.47.

Risk management: 5:1 ⚡️

Of course, an additional stimulus for growth will be the positive results of the Ripple and SEC proceedings, as well as the adoption of the spot BTC-ETF. There are enough potential triggers for growth, the technical side also supports growth, so I advise you to take a closer look at this option, but without being too greedy.

$SOL 4H 🧂

We did a great job on the scalp short from the last post, what now?

Solana formed a head and shoulders reversal formation. Yes, its work has already begun, but it is still possible to go short.

Given the swing of BTC, it is quite likely that Bitcoin will shoot to 37300+. In this case, Solana will have the opportunity to test the neck line from below. If the price stays below it, this will be a trigger to open a short.

Lately, the impulses of sellers have surpassed those of buyers, the feeling of FOMO has faded and there are not many reasons for growth.

You can look for a short entry point in the range of 58-60. Stop 62+. In percentage terms, this is quite far, so I advise you to select the position size while maintaining your risk management for the transaction. Potential downside target 35-.

And as I already said on YouTube: do not overestimate the risks, the market is very volatile right now!

Your Mark

Short setup -#SOL🐻

We see the formation of a potential reversal formation on the 5-minute timeframe. When it moves downwards, we will see bright signals for a decline on the hourly clock.

It is safest to enter when secured under the neck line (60.1), with a stop of 61+.

The stop is short enough, so you can try to successfully catch a reversal.

$BTC 4H

For several days now, Bitcoin has been “shaving” quite strongly in all directions, before the true movement to 40400+ or ​​34000-.

My vision of the situation 🔎

As I said, against the backdrop of accumulated “positive” (after which the price was pulled down), we will see a correction before going up. This could be a correction to 33500-34100, maybe to 31800-32100, it’s too early to talk about it.

On higher timeframes (1d, 12h) the prerequisites for a decline are visible. But for a deeper fall, it would be good to take hourly and 4-hour candles away from oversold conditions, which is why I’m waiting for a local exit up to 37,000+. However, it may not exist, so looking for a long position from current values ​​is quite risky, given that the logical stop is very far away.

It is also clear that we are trading within horizontal resistance and rising local support. There were more attempts to break down the local trend line than to reach 38,000+, so I expect that this support will give way faster than resistance.

The idea of ​​expecting a correction is leveled out when the 1h/4h Bitcoin candles fix above 38,000+. In the event of such a movement, the nearest growth target will be the level of 40400.

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$BTC has the same number of users as the Internet in 1997.

You're on time.

Consumer inflation:

m/m = 0% (expected +0.1% / previously +0.4%)
y/y = +3.2% (expected +3.3% / previously +3.7%)

The data came out better than expected, causing the dollar index (DXY) to fall 1%. Undoubtedly, this is good news for the crypto market, because the cheaper the dollar, the more expensive Bitcoin is. I think that within a few hours the market will make a call to today’s low in order to knock out those who entered immediately after the news, after which Bitcoin will head to the 37,000+ area.

Application approval window for spot BTC-ETF.

Another event that will likely determine the direction of BTC for the next week. 12 applications for the spot BTC ETF are pending approval and will most likely not receive it in the current window. The market is now “overheated” by news about ETFs, so postponing the ETF adoption deadline to January 2024 could cause capital outflow and profit-taking for those holders who keep their assets “from news to news.” Against the backdrop of capital outflow and profit-taking, Bitcoin risks going into a correction.

Conclusion.

First, we expect an update to today's low, followed by an increase to the area of ​​37000-37500, from where there will be good chances to fall below 34000.