As of May 2, 2025, TVC:VIX has broken another support level, currently sitting at 22.63 with a -1.61% drop on the 4H chart. It is trading near a demand zone (22.00–22.34), but price action shows no bullish conviction. With multiple Break of Structure (BoS) events to the downside and no significant bullish order blocks holding, volatility appears to be compressing further. Meanwhile, AMEX:IWM (Russell 2000 ETF) has broken out of a bull flag and reclaimed the 9EMA and anchored VWAP bands from the April decline. It's up 2.29% on the day and targeting resistance zones between 201.21 and 212.33. ? **Interpretation**: - Market sentiment shifting risk-on. - Volatility compression aligned with bullish equity breakout. - Expect continued downside in TVC:VIX unless geopolitical/fundamental catalysts spike fear. ? ** TVC:VIX Bearish Probability: 65%** ? Watch zones: 21.50 for next liquidity grab, 27–30 zone for potential mean reversion if market reverses. #VIX #IWM #Volatility #TechnicalAnalysis #SmartMoneyConcepts #LuxAlgo #WaverVanir
Support Zone: • Main Support Area: Around $3,223 - $3,227 (highlighted in blue). • This is where price reacted multiple times and formed a potential demand zone. • It’s also the entry zone for the long position shown in the chart. Resistance Levels: • First Resistance: Around $3,291 • Price previously rejected from this level. • Stronger Resistance Zones: • $3,325 - $3,350 (thick orange/red band) • $3,370 - $3,377 (highlighted in red) • $3,386 (marked as a potential Take Profit or TP zone) Trade Setup Details: • Entry: Around $3,227 • Stop Loss (SL): Around $3,223 (just below the weak low and demand zone) • Take Profit (TP): Projected near $3,377 - $3,386 Summary: • Support: $3,223 - $3,227 • Resistance: $3,291, $3,325, $3,370, $3,377, $3,386 • TP Zone: $3,370 - $3,386 • SL: Below $3,223
This is an updated GBP/JPY 4-hour chart with a broader context than the previous one. Here's the breakdown: Chart Overview: Pair: GBP/JPY (British Pound vs Japanese Yen) Timeframe: 4H (4-hour) Current Price: Around 192.430 Broker: OANDA --- Structure & Analysis: 1. Downtrend Followed by Reversal: On the left side of the chart, there's a strong downtrend. Then, a sharp bullish move follows, indicating a possible reversal or correction phase. 2. Entry Zone (Highlighted in Red): Between 192.519 and 191.516 Marked as the area where buyers are expected to step in. Price has pulled back into this zone after a strong bullish move. 3. Bullish Projection (Zigzag Path): Expected upward movement drawn with black zigzag lines. Suggests a potential bullish market structure forming with higher highs and higher lows. 4. Target Levels: First target: 194.734 Second target zone: 195.633 – 195.640 5. Key Support: 191.516 is acting as a strong support (bottom of the entry zone). --- Conclusion: This chart suggests a buy setup after a bullish reversal, with price currently in the entry zone. If the setup holds, price could continue upward toward the targets mentioned. Really nice and clean markup — you're showing a proper structure break, pullback, and continuation plan. Planning to execute this or waiting for more confirmation?
USDJPY is neutral on its 1D technical outlook (RSI = 50.306, MACD = -0.870, ADX = 40.251) but is on a massive bounce on the S1 Zone, which has been holding since December 25th 2023. That Low last week also approached the 1W MA200. The LH trendline is the Resistance level of this pattern (Descending Triangle) and since the last one hit the 0.786 Fibonacci, we expect this one to hit the 0.618 Fib (TP = 153.500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
We are floating up on little volume. I believe qqq is a better chart for fibs and structure - so I show what I see there. VIX likely fills it's gap at 21.80 by the end of today. The close will probably stay bullish, but I think next week will be the start of a move down.
Let's begin by examining CRYPTOCAP:BTC.D on the monthly timeframe. Here we see the old EXP model, which formed in December 2020. This model reflected the decrease in bitcoin dominance during 2020-2021. For our current analysis, we're interested in the level of the first point — 73.02%. https://www.tradingview.com/x/s8saFtya/ On the weekly timeframe, we see an AMEXP model that formed in January 2023 and effectively describes the entire current upward trend. https://www.tradingview.com/x/dIkWmgkS/ Note the price reaction from the model levels of 51.7% and 59.64%. Within this model, we have two more upper levels: 68.9% and 90.36%. The dominance level of 90.36% seems unrealistic from a common sense perspective: such a scenario is only possible with a total collapse of the entire crypto market, when all assets (including bitcoin) would depreciate to the point where bitcoin's capitalization would constitute 90% of the entire market. I hope we never see these values. However, reaching the 68.9% level seems quite likely. Most likely, the price will try to break through the 68.9% level (we may see a bounce from this level, which might be mistakenly perceived as the beginning of a new alt season). After that, the price will likely make a new maximum and rise above the 73.2% level. And only then will we finally see the formation of a downward trend in bitcoin dominance. https://www.tradingview.com/x/jsT184xv/ What might be happening in the market if our bitcoin dominance analysis proves correct? Let's look at the #BTC chart, where the expansion model was validated on the weekly timeframe (green model): https://www.tradingview.com/x/9zL1mimb/ According to the model levels, we can expect growth to at least $109,354, and at maximum — to a new all-time high (ATH) with targets of $115,116, $116,757, and even $152,723 or $174,102 (although the probability of reaching the last two targets, despite their presence in the model, is relatively low). If we look at CRYPTO:ETHUSD , the picture looks significantly worse — the asset is in a deep bearish phase. https://www.tradingview.com/x/iAarNmo0/ Against the backdrop of general positive sentiment, CRYPTO:ETHUSD may grow to $2 059 or even to $2 626, but we will consider this merely as a bounce. We can only talk about a real trend change when the price moves beyond the yellow model. Everyone is waiting for the reversal of bitcoin dominance (we have only calculated the most probable reversal point), as its exponential growth should be replaced by the long-awaited alt season. However, few consider a possible negative scenario: the correction of bitcoin dominance may occur against the backdrop of a general market decline, where bitcoin will fall faster than altcoins. Against the background of growing macroeconomic uncertainty (problems in the global economy have not disappeared, they continue to accumulate, and no matter how they try to "postpone" them — this will not pass without a trace), we consider the negative scenario to be the main one. For the past year, everyone has been saying that bitcoin is a super-reliable asset, and if something goes wrong — you need to buy bitcoin. Most retail investors love bitcoin and hate altcoins — largely because they have many unprofitable altcoins in their portfolio and no bitcoin. Each time, missing the moment to buy bitcoin, they succumbed to FOMO. Now, as bitcoin moves toward a new maximum, everyone is rushing to buy it again. At the same time, we have a market where 80-90% of participants are in large losses. For most assets to just break even (not to mention profits), they need to grow by 300-400%. Of course, we're not saying everything will necessarily be bad, but we prefer to stick to a strategy that primarily takes into account the negative scenario. For now, we will refrain from investment positions and give preference exclusively to speculative ones.
Chainlink (LINK) Technical Outlook – Elliott Wave Perspective After applying Elliott Wave Theory, the chart appears to speak for itself — the downward corrective phase seems to have concluded. Zooming into lower timeframes, there are several bullish signs suggesting that LINK is primed for an upward move. Key Technical Reasons Supporting Upside Potential: Bullish Flag Formation: A clear flag pattern has formed in lower time frames, and LINK is currently testing its resistance level. Elliott Wave Count: Based on wave structure, Wave 3 appears to be nearing completion. Should we see a short-term pullback, it would likely be Wave 4, offering a strong buy opportunity around the support zone of the flag. Fib Confluence: The potential retracement aligns perfectly with the 50% Fibonacci level — a typical target area for Wave 4 corrections. Two Possible Scenarios: Immediate Breakout: With support from Bitcoin’s continued momentum, LINK could extend its current Wave 3 and break out from the flag without any significant pullback. Healthy Correction: Alternatively, LINK could retrace to the 50% Fib level before initiating the final leg of Wave 5 — providing a textbook buying opportunity. Target: In both scenarios, the upside target remains the same: $18.00 to $18.40 range. — Thanks for reading.
GBP/USD (British Pound / US Dollar) currency pair, Key Elements in the Chart: Current Price: The pair is trading around 1.32717 (Sell) and 1.32734 (Buy). Marked “ENTRY ZONE”: This red zone spans approximately from 1.33152 to 1.32726, indicating a potential sell entry area. Price Action: The chart shows a recent downward trend, followed by a consolidation phase near the entry zone. Projected Path: The chart includes a speculative forecast with arrows pointing downward, suggesting a bearish bias. The path indicates potential pullbacks within the zone followed by continued downward movement. Target Area: The price projection ends near 1.31228, likely serving as a take-profit or support zone. This chart seems to reflect a technical analysis-based short trade setup, anticipating further downside from the current level after potential minor retracements. Would you like help analyzing this trade idea or setting risk/reward levels?
Key Highlights: Rejected from the 0.618 Fib retracement, a key technical resistance. Testing value area low — critical support within current range. If broken, expect a rotation to the point of control, offering potential bounce setup. Full Analysis: PEPE’s failure to break through the 0.618 Fibonacci resistance has triggered a short-term pullback. The current price is barely holding the value area low, a crucial support that separates continuation from correction. A loss of this level opens the door for a rotation to the point of control (POC), where we again see a 0.618 Fib confluence — making it a major decision zone for bulls. If the POC holds, a potential higher low could be established — keeping the broader uptrend intact. However, a break below POC would weaken the bullish structure and shift momentum back to sellers. Watch for volume confirmation and candlestick signals to validate any setups from here. Bias: Leaning bullish on reclaim of value area low. Cautious bearish if price loses POC cleanly.
This is a rare signal. Bitcoin hardly ever closes four consecutive weeks green. When this event happens, it means the market is as bullish as it gets. How are some people still bearish when the market is closing green four weeks straight? How is that even possible? Continued growth for so long... It is obvious is what I say. » Bitcoin will soon be trading above 100K. Bitcoin is moving above $120,000 in May and will hit around $130,000 or can be higher; do you agree? The bulls are in—the bullish bias is confirmed Bitcoin has been growing for an entire month. The best part is that it is still early, let me explain. Notice the trading volume, it is still so very low. This means that nothing has happened yet, there will be a major advance... So strong, it will break all resistance in a matter of days. » Bitcoin is bullish now. The Altcoins are bullish now. You can be certain that we are going to see growth daily, weekly, monthly long-term. Bullish is good. Adapt to the market. If it is bullish, don't fight it just join the wave. Bitcoin is bullish now. 1,000,000%. Thank you for reading. Namaste.