Bitcoin broke through the 102k liquidity zone acting as resistance for the past week. But it did so with low volume signaling some bearish divergence. Key Considerations: 1. Weak Commitment: Lower volume suggests that there may not be enough buyer commitment to sustain the breakout. Think of it like showing up to a party with a single girl and as soon as she realizes she's being ogled by a room full of broke bulls, she's gonna be the first one out of the door. 2. Potential Fakeout: A breakout with low volume increases the likelihood of a false breakout, where the price could fall back below the liquidity zone. 3. Lack of Conviction: The price holding above the liquidity zone on lower volume might indicate hesitation. What to Watch For: Price Action on Retest: If the price retests the liquidity zone and holds (even with moderate volume), it may still confirm support, but the next move up might be slower or weaker. This is bullish. Volume Spike: Look for a volume increase in subsequent candles. If volume starts to pick up, it can validate the breakout. A couple more girls arrive to the party just before everyone leaves. Divergences: Check for divergences in momentum indicators like RSI or MACD, which could signal a potential reversal. We have has a moderate amount at time of posting. How to Approach It: Cautious Optimism: Treat the breakout as tentatively bullish but remain cautious until stronger confirmation (e.g., a second retest or a breakout above the next resistance level with higher volume). Holden swears more girls are on the way
#SKPC time frame 30m created a bullish Gartley pattern entry level around 20.20 stop loss 20.00 first target at 20.45 second target 20.65 up to 20.80 (there is higher targets for anther bigger patterns up to 23.00) NOTE : this data according to time frame 30m Its not an advice for investing only my vision according to the data on chart Please consult your account manager before investing Thanks and good luck
EURUSD nicely respected a key daily horizontal support. With a consequent bullish movement from that, the price went up and violated a resistance line of a falling wedge pattern on a 4H. It confirms a local bullish reversal. We can expect a bullish movement at least to 1.05236
3 years of falling wedge is about to breakout, and when it does, we will witnesses a huge move. If the market behaves positively, we will reach the said falling wedge target at around $10 in the near future. Sit tight and hold on. #NFA, PleaseDYOR.
NASDAQ:TLT is only 8.55% off major all time support. For a precious metals miners investor, being down 8-9% before going up is the same as putting socks on..easy. Risk/reward looks in favor of accumulation here.
The idea is that it is still bullish but it has to go down to lower point that's what I THINK will happen this week
?Purpose: 5.143 ‼️Risk per trade: 0.5% of the allocated funds for spot trading. There is more information in my channel.
go sell it for atleast 1.6 1.8 2.2 moon best of luck r:r 6:1 dyor nfa
Take a close look when aligning these two correlated crypto assets. See how the top on doge matched with the previous cycle bottom on btc. This suggest an ambitious target of around 6 dollars for this cycle?
The last impulse, that is visible even on the weekly chart, broke the weekly structure. The emerging countertrend only came back to 23.6, but tested the weekly (and H4) breakout, and turned up in the direction of the primary trend. This is the expansion phase with a target of 109.00, and it is valid until the structure breaks on H4. ——— We may not know what will happen, but we can prepare ourselves to respond effectively to whatever unfolds. Stay grounded, stay present. ??♂️ Your comments and support are appreciated! ??