Bitcoin, we're testing a correction... Not to scare anyone, testing 3 situations..... on the last developed tool. 1. growth on the last 2 fractal structures is over, so a fall follows and the trend will change, but the older structure allows maximum growth around 118000. 2. a global decline follows around 46/43000 and then 37/36000/ on the current chart. 3. very, very soon we are in for a correction in the 66666 area..... many altcoins will probably make a new low and then a rapid rise - here I am testing a correction following a growth pattern. .... I wrote for the future. ...This is not investment advice. ...If anyone finds my postings useful and wants to thank me, they can always find me in the comments. Disclaimer, the author of this article has not and will not open positions in bitcoins, this article is a way to analyze the price, do not open positions based on the above.
https://www.tradingview.com/x/3JKv4aW6/ GBPCAD broke and closed above a significant daily resistance cluster based on the year's high. The broken structure turned into support. Retesting that, the price formed a tiny cup & handle pattern on an hourly time frame. I decided to open a long trade on a retest of its broken neckline. ❤️Please, support my work with like, thank you!❤️
Sheesh, let's cut through the nonsense and get to some points. Of course, everything is hypothetical, but we might need a little hope for the people who bought at the top, right? My views and ideas are crammed into a quick 10-minute window. Let it roll, and enjoy the ride.
Hello everyone congratulations to all our last target reached in FOMC,FED PRESS CONFERENCE Gold reached 2583 . finally sell trend is start now we look more to sell target BC you also know trend is your friend our next here sell limit 2610 sell limit 2628 target is here 2590 2568 weekly candle hope big drop on lock
ZIL is one of legendary asset in Asia In another post before I said we are in consolidation after breakout support trendline and now chart dump for ABC correction Maybe we will see small dump again to flush retail then sideways a bit
I believe that the weak trend in the $EIGEN chart is quite evident, and we could see a correction down to the $3.9 level ...
https://www.tradingview.com/x/PxQOWlrl/ Looking to play CROX to the downside, looking for a good PUT contract few weeks out or short it. Entry below 108.30 Exit above 114.10 Price Target 95 then 88
Market Overview The Nasdaq 100 ETF (QQQ) experienced a significant market drop today, reflecting a bearish sentiment in technology-heavy indices. The broader sell-off has pushed QQQ down to critical technical levels, where a combination of support zones and gamma exposure levels could offer insights for the next trading sessions. Market Structure Analysis * Daily Chart: QQQ broke below its recent upward channel support at $525, with today's close significantly below the 9-EMA and 21-EMA, signaling bearish momentum. * Hourly Chart: A sharp sell-off occurred during today's session, with a brief recovery toward $517. However, the current volume profile indicates strong selling pressure near the $525 resistance. https://www.tradingview.com/x/FdvP2sKM/ Supply and Demand Zones * Immediate Resistance Zones: * $525.60: Prior support turned resistance, aligning with the gamma exposure wall and heavy put wall. * $533.14: Additional resistance, coinciding with the upper range of today’s intraday high. * Support Zones: * $515: Intraday low support aligning with the highest negative gamma exposure (NETGEX) level. * $507 and $505: Key demand zones visible from previous consolidations and gamma support. Order Blocks and Key Levels * Bearish Order Block: $525 to $533 range has seen consistent selling pressure, forming a robust resistance. * Bullish Rejection Level: $512-$515 acts as a psychological support zone. Key Indicators * MACD: The MACD on both daily and hourly charts has crossed bearishly, with increasing momentum to the downside. * RSI: Hourly RSI has entered oversold territory (~30), indicating a possible short-term bounce. * EMAs (9 & 21): The price remains significantly below both EMAs on all timeframes, confirming the bearish bias. Gamma Exposure (GEX) and Options Activity * Put Wall: The $519 level represents the highest concentration of puts, acting as immediate resistance. * Gamma Exposure (GEX): * Negative GEX levels between $515 and $520 amplify downward pressure. * Above $525, calls dominate, potentially limiting further upside. https://www.tradingview.com/x/tN3ovUKw/ Scalping vs. Swing Outlook * Scalping Strategy: * Look for short entries near $525 with tight stop losses above $526. * Potential target zones: $517, $515, and $512. * Swing Strategy: * Wait for confirmation of a close above $525 to consider bullish recovery. * Downside swing target: $505 if $512 support breaks. Actionable Suggestions 1. Short Setup: * Entry: Near $525. * Stop-Loss: Above $526. * Target: $515, $507. 2. Bullish Setup: * Entry: On confirmation above $525. * Stop-Loss: Below $520. * Target: $533. Conclusion QQQ is in a precarious technical position, reflecting broader market weakness. A further break below $512 could accelerate the downtrend, while a reclaim of $525 could initiate a short-term recovery. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and manage risk accordingly before making trading decisions.
If you are trading so and r this is a good opportunity for you the overall market is bearish and support was broken now on it way to retest the broken support making it a new resistant
For retesting last resist become support, its good to perform this scenario ABC correction will happen if support now holding breakout and not breakout 0.29 Then I think it will sideways a bit before next leg