Teslas old support and resistances have flipped. To wait to see if either new trend line is broken and a new trend establishes is imperative. But with the market beeing so bearish the new support will probably be the one to break and a continuation of the bearish trend will most likely continue. however the lower the price moves the better the profit margins will be when trend eventually reverses. NASDAQ:TSLA
This may have reached its bottom for now (or more room to go down towards low 40s)... most likely it should bounce to $75 and then collapse to lows. This could go sideways for years with small ups and downs in between.
BINANCE:BTCUSDT After this strong bearish movement, we can clearly see that BTC is in a downtrend. Based on Elliott waves, BTC is currently in the five-wave retracement. But what’s next? Will BTC rally to 50-40, or will it regain strength after this bearish move? In my opinion, after completing the five-wave pattern, it might enter a long-term corrective phase.
4/9/25 :: VROCKSTAR :: CRYPTOCAP:BTC Nasdaq pair, not just dollar pair! - Bitcoin trains you to look at everything on it's pair - So while the world always directs you to the USD pair, take a look at arguably the best LT money ex-BTC which is Nasdaq. - Taking a look at this chart really puts into perspective how resilient Bitcoin has been - Now consider a few things: 1/ BTC is neutral money, no country controls it 2/ BTC is 1.5 tn asset class, more than 10x smaller than Gold, it's closest "comp" in this environment 3A/ In a long bond explode scenario, nothing fares well... but we've already seen BTC hold up well as "money". I don't think we've seen any actual explosions yet, but better to use initial glimpses and extrapolate in an opaque world 3B/ If we "solve" the impasse/ uncertainty in mkts, rates stabilize and perhaps we get a risk on environment, BTC is a bit of a chameleon and changes from "gold" to "tech". That's one of it's interesting properties as an asset class, there is none like it. 4/ Tariffs might affect miners and their related stocks (access to machines/ hash), and perhaps ironically more positively as hash doesn't accumulate to the network like it did in recent months AND while price climbs. But important to note that BTC is more immune to tariffs and geopol than other IRL assets, like companies, that have earnings, communications, and aren't as scarce (even if they're large/ liquid and amazing) as a one-of-a-kind BTC. So while nobody knows what happens next. And it would be prudent to assume in a correlation 1 freak out, assets that have some bid and have held up also get dumped, at some pt... and therefore not get too rose colored glasses about anything... the risk asymmetry here is staring us all in the face. Perhaps it's beta to the downside is 2x trad-fi risk (SPY/QQQ), but it's asymmetry to the upside is likely similarly, probably much, much more and without the reinvestment risk conundrum. Put this pair on your radar. I like OTC:OBTC the most given 8-10% (depends on the day) discount to spot. But it's illiquid (hence the discount), so it's not really a trade in/out vehicle and typically you don't want to be puking this on red days because you'll overpay. https://ospreyfunds.io/products/obtc/ LMK if you see it differently. V
Hello folks, refined the previous idea on GBPUSD, this is my probability target 1.29500 zone, before it will go lower. I closed the previous idea, but already win 100pips. This is not a financial advice, Follow for more. Pewpewww. New chart once we reached that level again, aim for 250pips since posted the idea on 1.27 entry zone https://www.tradingview.com/chart/GBPUSD/4SQRMUBX-GBPUSD-UPDATES/
Gold appears to be in a bullish trend following a successful test of an important daily/intraday horizontal support level. The price violated a minor falling trend line resistance and formed a local Change of Character (CHoCH). There is a strong possibility that the price will continue to rise with a target of 3080.
OIL - follow the trend until it breaks trend is down after range or pullback to VWAP or POC take SHORT
This is my vision for BTC. Let's have a look at the following chart made up of eight waves (five heading up and three trending downward) labeled 1, 2, 3, 4, 5, A, B, and C. Waves one, two, three, four, and five form an impulse, and waves A, B, and C form a correction. The five-wave impulse, in turn, forms wave one at the next-largest degree, and the three-wave correction forms wave two at the next-largest degree. The corrective wave normally has three distinct price movements—two in the direction of the main correction (A and C) and one against it (B). In the figure above, waves two and four are corrections.
Price seems to rejecting the Daily FVG (iFVG) levels. This might mean that the rush of price that we saw in the Asian and London session was to fill the Daily FVG orders before continuing down. These moves can also be seen as the yields are rising sharply. Be on the outlook for more bearish confirmations. Otherwise be safe guys.
EUR/USD trades decisively higher on the day above 1.1000 on Wednesday as the US Dollar (USD) stays under persistent selling pressure on growing fears over a recession as a result of the US trade war with China. Later in the American session, the Federal Reserve will release the minutes of the March policy meeting.