I'm anticipating a long after the market retest the previous high
Bitcoin could be developing a Wave 5 of a broader 5th wave which would complete an even larger Wave 3 (see monthly chart). IF this is confirms, it implies that a much larger corrective cycle (Wave IV) has a greater chance of unfolding. This corrective cycle can see price retest 70K and STILL BE WITHIN a bullish configuration. Such a move can take 6 months to a year to play out. While wave counts do not promise a high degree of accuracy, they can be helpful to estimate the amount of RISK in the future. Based on this wave count, I can at least conclude that current levels are EXTREMELY unattractive when it comes to putting new money to work in terms of investing. Some signs that point to a potential cycle peak: possible double top formation near the 100K area. A large outside bar formation (see arrow). Countless video titles on Youtube that push becoming a "millionaire" (this is a sign of extreme sentiment). Scammers on the rise literally pumping and dumping meme coins on Youtube streams. Michael Saylor's face on countless thumbnails. While many of these signs are not technical, they illustrate the sentiment of the retail investor and it is usually at these times when the market is MOST vulnerable to turning. This process is NOTHING new, but it can be observed in new ways thanks to the social internet. The outside bar that went from the all time high of 104K back to 91K (most of that move occurred within an hour), is a sign that much of this move is on nothing but hot air in my opinion. Yes it recovered, but all it takes is some unexpected catalyst to see the move stick the next time. While the trend has yet to change, this activity highlights the high degree of risk that is present at current levels. While there is never a bad time to invest, price levels are not created equal when it comes to RISK. I will ALWAYS say this at highs: these are prices to reduce risk, take some profits, or invest SMALL. Price action at current levels is ideal for short term strategies like swing trades, day trades, etc. The price area to be waiting for when it comes to putting larger amounts of new money to work is between the 80K to 70K area which is where the cycle low can establish itself while still maintaining a bullish outlook. IF 70K is compromised (it can happen) that would negate the broader bullish structure and expectations should be adjusted at that time. This is NOT a forecast, just a potential scenario to be prepared for. There is no way to forecast the future with any degree of accuracy. All it takes is an unexpected catalyst and everything changes overnight. Markets are highly random, so the ONLY factor we can control is the RISK we take. Imagine buying this on the 100K breakout, only to see a test of 90K area to follow. Why wasn't ANYONE forecasting that little move? Learn to measure and respect risk because "reward" is nothing more than a byproduct of good risk management. Thank you for considering my analysis and perspective.
https://www.tradingview.com/x/vpgMAsF3/ Hello,Traders! CRUDE OIL is approaching a Horizontal support of 66.37$ And after the retest a local Bullish rebound and a move Up is to be expected Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
Structurally these charts are almost identical - Same low and higher low -same rounding bottom pattern Accumulate ID while its price is low. It will become a trend and the talk of everyone as soon as it breaks the round bottom pattern just like what happend with SUI Best regards Ceciliones?
What do you think? It makes perfect sense considering Ethereum is bullish.
Doing great and now macro bullish supertrend confirmation. We should see another strong retest of $0.10 soon. Still time to get in if you haven't already.
NVIDIA remains a leader in AI-driven markets, benefiting from demand for GPUs in data centers, gaming, and AI development. Its AI and machine-learning capabilities are shaping industries like autonomous vehicles and healthcare. However, valuation concerns and risks tied to macroeconomic shifts or supply chain vulnerabilities may pressure the stock. Looking ahead to 2025, my personal target for NVIDIA lies between $200 and $250. This range reflects a cautious approach, factoring in potential earnings normalization, adjustments in investor sentiment, and the broader tech sector's resilience in an evolving economic environment. *This is not financial advice.
Today we look at both aggressive & conservative ways to trade a completed bearish bat pattern on the USDCAD using both simple & classic chart patterns such as rising channels & double tops to give us confirmation. In this video, we also discuss other elements of technical analysis including the Lower Low, Lower Close candlestick combination, the RSI and more. Akil
The uptrend (both macro and mid-term) looks strong and intact. https://www.tradingview.com/x/RtQqByof/ The price consolidated along the upper zone of mid-term support: 3.35-2.78, while waiting for 21 ema to come closer (the nature of the upward trend from the lows of 2023 to the April peaks of 2024 respected this moving average very well showing the coin's "character"). https://www.tradingview.com/x/nvKH8nA6/ While I cannot completely rule out a correction to the ascending 21ema in the coming days, until price holds above the local support mentioned above, my next resistance targets are: 6.8-7.36 with a possible run up to 12.70 https://www.tradingview.com/x/BMifq92i/ Wishing you successful and profitable trading and investing decisions and thank you for your attention!
On the NZD/USD chart, price has reached a critical juncture near two strong demand zones (highlighted in purple). These zones represent areas where institutional buyers could step in, given their historical significance. The recent sell-off appears to have grabbed liquidity below local lows (red dotted lines), setting the stage for a potential bullish reversal. If price reacts strongly within these zones, we could see a recovery targeting liquidity above the highs marked at 0.5865 and beyond. The plan involves waiting for bullish confirmations such as higher highs or engulfing patterns to enter long positions, with stops placed below the lower demand zone for protection. Initial targets focus on taking profits at key liquidity levels, while the overall bias remains bullish as long as the demand zones hold. Patience is key to trading this setup successfully.