
abdulla_faraz
@t_abdulla_faraz
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abdulla_faraz


abdulla_faraz

BTC bounces off of a major resistance, where whenever it had dipped into previously, had resulted in a bounce to 98600.

abdulla_faraz

On the 4hr timeframe BTC shows increasing momentum with price making higher lows, and RSI making higher lows - both an indication of gaining momentum.On the daily timeframe BTC shows hidden bullish divergence as price is making higher lows, while RSI shows lower lows.Both timeframes point towards an indication that we could be at bottom already.Get ready for a new year rally!

abdulla_faraz

BTC price is bouncing off of strong support at around the 96,600 range, and is likely to bounce back above 100k. It could take a while to consolidate and accumulate a while before heading up further. My prediction is price likely to approach all time highs around the first week of January.

abdulla_faraz

A green candle has closed above the crucial 101,000 price level, as established by Fib levels.This comes after a minor pullback that was rejected from the 97,000 with a bullish engulfing candle. This means that there's enough buying power for the price to be rejected at this range, and continue trend upwards.The Stochastic RSI is also signalling a strong bullish trend.

abdulla_faraz

We see BTC buyers exhaust themselves, as RSI momentum lose traction. The question now is whether, this is a short term pullback before retracing to near 100k or is this a significant correction to 80k territory before lifting off again?My view is short term bearish, longer term to be decided later.

abdulla_faraz

Link is attempting a breakout upwards, with the next resistance lines at 28 and 30.Trade entered at price: 26.802 When trade moves above 28, will move stop loss above level. Aim is keep moving stop loss to 30, then 34, until trend breaks down.

abdulla_faraz

Possible bullish reversal on XLM.Reversals usually occur from the same distance in length as a the parallel channels top and bottom.

abdulla_faraz

ETH buyers keep up momentum and next resistance seems to be at 3800.

abdulla_faraz

Based on previous analysis of BTC pullbacks, especially in the 2020-2022 period, we can estimate that the BTC pullback and return to breakthrough 100k will happen in the last week of December 2024.In the past 2020-2022 period, during the BTC trending period, the average BTC pullback often lasted 30 days. Based on that we can predict that this pullback would also lasts a similar duration.
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