➤ Overview: Based on the current daily price action, I have decided to take profit on BCH at this point. I will consider re-entering if a possible continuation pattern emerges.
➤ Monthly Chart Review:
The candlestick formation does not resemble a hammer.
BCH is not positioned at a strong support level, especially when compared to other coins like BAT.
➤ Risk Management: Given these observations, I prefer not to take unnecessary risks at this time.
I will upload the three images for this analysis later, as the network is currently a bit unstable.
The market has been showing an upward trend, which is visible on lower timeframes. At this point, we could see a retracement to test a key support zone. If a rejection occurs and a 12-hour hammer candlestick is maintained, there is a possibility of the market closing as a daily hammer, signaling further bullish momentum.
Possible Action: BUY Stop Loss (SL): $182.10 Take Profit (TP): $229
📊 Market Structure Insight: We are also seeing hammer formations on the monthly timeframe for several coins, at a strong support levels. If these formations are confirmed, it could signal the start of a bull run!
The close looks tricky. Instead of closing as an inverted hammer, it changed to a doji in the last 5 minutes. Although a doji also indicates weakness, it is not as strong as an inverted hammer. Trade with extreme caution.
T W AM
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Bearish
📊 Analysis: Market Analysis: Possible Retracement Zone
In our previous analysis, we discussed BTC, ETH, and LINK, identifying potential profit-taking zones as the market was rising. Now, the market has reached these levels. Since these areas were previously zones of interest, they could act as potential bearish reversal points.
📌 BTC (Bitcoin)
📊 Analysis: If the Inverted Hammer closes on the 12-hour timeframe, it could signal a sell opportunity.
Action: SELL Stop Loss: 88.85K Take Profit: 78.3K
📌 ETH (Ethereum)
📊 Analysis: If the trade closes with a Harami Candle on the 12-hour timeframe, it could indicate weakness in the uptrend due to low activity.
Action: SELL Stop Loss: 2106 Take Profit: 1833
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📌 LINK (Chainlink)
📊 Analysis: The 12-hour chart shows a candle resembling a Hammer, but its long head makes it less of a classic hammer. However, it could also be considered a Harami. Meanwhile, the 6-hour chart clearly shows an Evening Star Reversal Pattern.
Action: SELL Stop Loss: 15.4 Take Profit: 12.5
⚠ Note: This is just my personal market perspective. Always wait for candles to fully close before entering trades, and trade with caution!
📊 Analysis: Market Analysis: Possible Retracement Zone
In our previous analysis, we discussed BTC, ETH, and LINK, identifying potential profit-taking zones as the market was rising. Now, the market has reached these levels. Since these areas were previously zones of interest, they could act as potential bearish reversal points.
📌 BTC (Bitcoin)
📊 Analysis: If the Inverted Hammer closes on the 12-hour timeframe, it could signal a sell opportunity.
Action: SELL Stop Loss: 88.85K Take Profit: 78.3K
📌 ETH (Ethereum)
📊 Analysis: If the trade closes with a Harami Candle on the 12-hour timeframe, it could indicate weakness in the uptrend due to low activity.
Action: SELL Stop Loss: 2106 Take Profit: 1833
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📌 LINK (Chainlink)
📊 Analysis: The 12-hour chart shows a candle resembling a Hammer, but its long head makes it less of a classic hammer. However, it could also be considered a Harami. Meanwhile, the 6-hour chart clearly shows an Evening Star Reversal Pattern.
Action: SELL Stop Loss: 15.4 Take Profit: 12.5
⚠ Note: This is just my personal market perspective. Always wait for candles to fully close before entering trades, and trade with caution!
📊 Market Analysis: How Has LINK Moved Since Yesterday’s Entry?
🔍 Let's take a look at three different coins with similar setups.
🔗 LINK Analysis
📌 From our entry on LINK yesterday, which is still active, we anticipate a possible take profit around $17.5.
⚠️ But like I usually say, trade what you see and not what you feel.
Given the market structure I’m seeing, there is a likelihood that price may retrace around $15 before making further moves
BTC Analysis
Bitcoin (BTC) shows a similar structure. There is a possibility of price facing resistance around $86.8K, potentially forming a double top in that zone, especially on lower timeframes.
ETH Analysis
Ethereum (ETH) has a slight resistance around $2,000, where a possible rejection could occur when the market hits that level.
📢 Note:
🧐 These are key areas to watch—price could either break out 🚀 or respect them ❌.
🎯 The game is to have a hint of what is happening or about to happen!
Bitcoin (BTC) is showing a bullish pattern as price broke the $84K resistance with a strong bullish candle. After retracing back into the resistance level, it was rejected with a pin bar candle, signaling that this level is now acting as support.
On the lower time frame, BTC continues to show bullish momentum , forming higher highs and a stronger market structure. If the price sustains this upward movement, the next key resistance level to watch is around $94K 🚀.
Stay updated on market trends! ✅ Like, 🔄 Follow, and 📢 Share for more technical analysis and trading insights.
The current market trend for LINK is moving upward, forming higher highs. This presents a potential entry point for traders looking to capitalize on the momentum.
🎯 Take Profit Target: ~$17.15 (Daily resistance level)
🛑 Stop Loss: ~$13.79 (Risk management)
This setup aims to maximize gains while maintaining a controlled risk strategy .
Like I said earlier, as a swing trader, I’m more interested in the higher timeframe . However, From a scalping perspective, you can see the market moving higher since it has just completed a lower cycle .
✅ The key is to know your trading style and stick to it, allowing for some flexibility when necessary.
Let’s clear something up—my previous post on Ton was not about the recent one-hour timeframe drop 📉. Instead, I’m focusing on the higher timeframe setup, which is what truly matters.
🔍 Key Observations:
Looking at the 3-day timeframe, if by the end of today the 3- days closes, we would call it an inverted hammer. However, since it closes tomorrow, we need to wait and see what happens.
Now, let’s go deeper
The monthly candlestick has already formed a hammer . This brings up some important questions:
🔹 Will the market stay at this level for the next 10 days?
🔹 Will the market keep pushing higher 📈, changing the hammer structure?
🔹 Will the market move downward ?
🔹 Will the market drop first, then recover before the monthly candle closes?
⏳ Patience is key! Let’s watch closely. 👀
⚡ Remember: Trade what you see, not what you think!
When the market dropped to around 2.3502, a hammer candlestick formed, pushing prices upward ⬆️. After three days of struggle, a strong bullish candle appeared, signaling heavy buying pressure .
📌 This rapid buying sent the market into the overbought zone ⚠️ while also hitting a minor resistance level . On the MT4 chart, a previous inverted hammer appears in this area, hinting that it might be a key zone of interest.
The interesting part 🤔 is that although a large volume of trades happened, only a few participants were involved. Now, the market looks unstable ⚖️ at this level because these traders seem stuck. If they decide to take profits, the market could start falling .
🔍 What’s Happening Now?
📌 For the past four days, the market has been closing with doji candlesticks 🎭, signaling indecision and fear among traders.
🎯 What to Watch For:
✅ Wait for a clear downward cross before making any moves.
⏳ Be patient and stay alert! 👀
💡 Don’t forget to 👍 Like, 🔄 Share, and ⭐ Follow—we’ll keep bringing you possible entry levels as always! 🚀
Market Analysis: What I’m seeing looks like a small move—something like the market pushing up to hit 194, for Aave coin just to drop back again. Something like that sha… but I don’t trade this type of setup.
Now, without saying much—when you compare the daily candle closed for some coins and also see a weekly hammer forming at the same time, it creates a high level of confusion for me. Since the weekly candle hasn’t closed yet, I wonder where exactly the daily bullish candle intends to take the trade.
This morning, we observed a strong market push that resulted in the formation of a hammer candlestick 🛠️. This immediately caught my attention because it is unusual for the market to form a daily hammer so early in the session. 🤔 The question arises—what is happening?
📉 Analyzing the Chart: Looking at the chart below, we can see that a hammer was also formed on the 12-hour time frame, and it is a red hammer (closing price is below the opening price). Some traders believe that a green hammer (closing price above the open) is more bullish. However, I have also witnessed bearish hammers changing the trend direction. This suggests that the overall market structure plays a significant role in price action, not just the hammer formation itself.
💡 Key Question: How will the next 12-hour candle 🕒 close? If it closes significantly below the hammer’s close, the hammer's strength may be weakened, reducing its potential impact on the market.
🔎 Final Thoughts: The market always gives clues about its next move. The best approach? Trade what you see! 📈👀
I've been analyzing BTC's market structure, and it's quite intriguing. A week ago, a 🔻Hanging Man candle appeared, signaling that while the market initially dropped, buyers pushed it back up, closing near the entry point. However, last week's 📉 Weekly Close was below the hammer, indicating that sellers may now be in control.
⚠️ Wow, the market looks really confusing! You see 📈 up from one point of view and 📉 down from another. Given these signals, I no longer expect the market to rise as previously anticipated. Instead, a 🔽 downward movement seems more likely.
📊 If you should notice, BTC has not hit any strong support zone yet. So, I think it needs to take support around $69K before any potential reversal.
In Scenario 1 of the previous post, we anticipated the market pulling back, and as expected, it fell to the previous support level on the 4-hour timeframe. For some, it stopped at the support zone, while for others, it extended a bit further—but that’s not the real issue.
📌 The key focus now is how the daily candle will close, as that matters the most. I would prefer a daily close as an inverted hammer, which is a strong signal that the market is pausing before a potential rally begins.
A well-formed inverted hammer suggests buyers are stepping in, increasing the chance of an upward move. However, confirmation is needed before taking action.
⚠️ Stay focused and patient! Let the market come to you instead of chasing trades.
Scenario 1: If the market rejects this point on the 4-hour timeframe, it may drop back to the support zone, where a potential signal could emerge for a possible entry.
📌Scenario 2: If the market continues its 📈 uptrend, the best option is to wait for the 8-hour close as a confirmation signal before making any decision.
⚠️ Patience is key! ⏳Always wait for proper price action to confirm the trend. A rushed entry can lead to losses. Stay disciplined, follow your strategy, and trade wisely. 💡 It's not about how far but how well!
📌 Daily Timeframe: 🔹 A previous hammer has formed. 🔹 The market is showing some reaction, but the daily signal has not yet fully developed. 🔹 Let's take a closer look at the lower timeframes for more clarity.
📌 Lower Timeframes: 🔸 4H & 8H Charts ⏳: A potential hammer formation is emerging, but confirmation depends on the market close. 🔸 6H Chart : I prefer to wait and observe how this candle closes before making a decision.
📈 Similar price movements are visible in other cryptos, indicating a broader pattern.