Morning folks, So, our long-term bearish journey that we were following for 4-5 weeks comes to an end. BTC more or less hit our 74K target and strong weekly support area . The next one stands around 69K, but market strongly needs a new driving factor to break ~70K support area, and hardly this will happen this week. Taking in consideration that market is oversold, now we set a tactical target- pullback to 80K resistance area , and then we will see, should be sell again or not.
It's in the chart maybe itll go negative again? But it should halve from here
Two years ago, I found the probability with the current zloty price of 4.15 PLN; and forecasted new extremum terminal point >6.5 zloty per single euro. The first part of the prediction has worked out, 4.15 was reached. How i received the 6.50 PLN value? I got the value by applying the Elliott Wave Principle: this is the height of the first wave, primary degree. At the moment the chart is at the second wave end. I think so because there is an exit outside the channel, it is an indicator. According to the principle - the third wave cannot be the shortest in the impulse, so the target is above 6.5+. Today, the time boundaries became obvious to me. I think 5.20 PLN target per single EUR may be reached by the end of Trump presidency. Thus, by the end of 2028. This target will coincide with the upper trend channel and may match with the end of the first sub-wave of the minor degree of the primary third wave. In 2024 December i also made forecast for DXY dollar index: ~112% and ~85%. The first part of that prediction has already worked out at 110.217%. The second part of the probability may be more swift, thus we may see 94-85% DXY values during 2025. Which could lead to 5.20 at PLN already in 2025. We will know this soon... Good luck with your investing strategy, have fat profits and remember - there are no guaranties on the markets, only probabilities.
The FTSE 100 Index remains in a bearish structure, with recent price action confirming a break below the prior consolidation zone, indicating potential for further downside. Key Resistance: 7770 – former support turned resistance, aligning with the intraday consolidation area. Support Levels: 7522 – near-term target if bearish momentum continues 7463 and 7400 – medium to long-term downside objectives An oversold bounce may occur, but unless price breaks and closes above 7770 on the daily chart, the bearish outlook remains intact. Conversely, a confirmed breakout above 7770 would invalidate the bearish bias and open the path to test 7900, with 7940 as a secondary resistance. Conclusion The FTSE bias is bearish below 7770. Watch for a rejection at that level to confirm downside continuation. A daily close above 7770 would shift the outlook to bullish, targeting 7900+. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
? Downtrend Phase: The price has been falling sharply, showing a strong bearish move before hitting support. ?? ? Support Zone (0.84458): ? Key level where buyers may step in. If price holds, it could trigger a reversal. ?? ? Resistance Zone (Mid-Level): ? A minor barrier before price can continue higher. Expect some reaction here. ⚠️? ? Target Point (0.86190): ✅ Bullish target where price is expected to move if the support holds. ??? ⚠️ Stop Loss (0.84458): ❌ If price breaks below this level, the trade setup is invalidated. ?? ? Trade Setup Summary: ✔️ Buy from support (if confirmed) ✔️ Stop Loss below 0.84458 ❌ ✔️ Take Profit at 0.86190 ?? ? Risk-Reward looks good! Watch for confirmation before entering! ??
It sounds like me analyzing a potential gold sell trade with the following levels: Resistance at 3040: If gold is near or hitting this level, it could face difficulty pushing higher and may reverse downward. Targets at 2930 and 2835: These are your expected price levels if the market moves in your favor. If you're planning to sell now, you might be expecting a breakdown from resistance around 3040. However, it's important to consider: 1. Risk Management: Ensure you set appropriate stop losses in case the price moves against you. 2. Market Context: Be aware of any fundamental factors (like economic data, geopolitical events, etc.) that might influence gold prices. 3. Timeframe: Are you planning to hold this position for the short-term or longer? Let me know if you'd like more analysis or help with setting up your trade!
Bitcoin (BTCUSD) just hit its 1W MA50 (red trend-line) for the first time since September 06 2024, while completing the first 1D Death Cross since August 09 2024. This is a critical double combo development as last time those conditions emerged it was a bullish signal. Despite the theoretically bearish nature of the Death Cross, the last one on 1D was formed just four days after the market's previous major long-term bottom of August 05 2024. That bottom was exactly on the level that the market hit today, the 1W MA50. The 1W RSI sequences among the 2 fractals are identical and if it wasn't for the abysmal negative market fundamentals regarding the back-and-forth tariffs, that would be an automatic long-term buy entry, the 3rd on of this Bull Cycle. The only condition we can technically rely on right now, amidst the stock market crash, is for the weekly candle to close above the 1W MA50, as it did on August 05 2024. In that case and of course if and only if the trade war gets under control (and/ or the Fed makes an urgent rate cut), we can expect a new long-term Bullish Leg to begin towards $150k and above. Failure to address those concerns and a 1W candle close below the 1W MA50, can result into a stronger sell-off towards $50000 and the next long-term technical Support level of the August 05 2024 Low (49150). That would also be a major Support cluster as the 1W MA200 (gray trend-line) is just below that level (and holding since October 16 2023) and by the time of the drop, the market may test that as well. So what do you think? Will BTC turn out to be resilient amidst this market crash or will it follow suit and decline towards $50k? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ?????? ? ? ? ? ? ?
Market Meltdown or Setup for Generational Wealth? What Traders Need to Know Today ?? As of April 7, 2025, global financial markets are experiencing significant volatility following the announcement of new tariffs by President Donald Trump. U.S. stock futures indicate a sharp decline at the market open: * S&P 500 Futures: Down approximately 4.5%. * Dow Jones Industrial Average Futures: Down around 4%. * Nasdaq-100 Futures: Down more than 5%. In such a turbulent environment, traders should exercise heightened caution. Here are some strategies to consider: 1. Prioritize Capital Preservation: Increased volatility can lead to unpredictable market movements. It's advisable to reduce position sizes and set strict stop-loss orders to manage potential losses. 2. Avoid Impulsive Decisions: Rapid market changes can tempt traders into reactive decisions. Stick to your pre-defined trading plan and avoid making trades based on short-term market noise. 3. Stay Informed: Keep abreast of ongoing developments related to trade policies and economic indicators. Reliable news sources and official statements can provide crucial insights that may impact market conditions. 4. Consider Defensive Assets: In times of market downturns, some investors shift towards traditionally safer assets like government bonds or gold. Assess if incorporating such assets aligns with your risk tolerance and investment strategy. 5. Evaluate Long-Term Positions: For long-term investors, market corrections can present opportunities to acquire quality assets at reduced prices. However, ensure that any new positions are in line with your overall investment goals and risk profile. Given the current market instability, it's essential to remain vigilant and disciplined. Consulting with a financial advisor can also provide personalized guidance tailored to your individual circumstances.
Gold plummeted at the opening of Monday, reaching the lowest point of 2972, and then rebounded to 3055. We successfully placed a short order at 3052, and have already made a profit. The hourly moving average of gold crosses downward, and the short position is arranged, and it continues to open downward. So gold is now the home of the shorts. Gold rebounds or continues to short. Gold is now in a short trend below the gap. We continue to pay attention to the short-term suppression of 3055 above, and continue to short if the rebound does not break. From the 4-hour analysis, today's upper short-term resistance is 3055, and the lower line is 3000-3008. In terms of operation, the rebound pressure at this position continues to be short and follow the trend to fall. It is necessary to rely on the rebound to rely on 3055-60 to go short once, and the lower target continues to break the bottom. Gold operation strategy: 1. If gold rebounds to 3055-3058, short it, stop loss at 3066, target 3015-3020, continue to hold if it breaks; 2. If gold falls back to 3000-3006 but does not break, you can buy it, stop loss at 2993, target 3045-53, continue to hold if it breaks
Bitcoin has broken its 3-year channel downwards, marking the start of a major correction on the 1-day timeframe