Bitcoin's dome is getting tested once again. Low risk entries are not found here. Again, more work to be done as price is still: 1) below a declining 36 day moving average. 2) below red Ichimoku Cloud defined resistance.
When looking at ETH/BTC from a Wyckoff perspective, it signifies accumulation events "To the T" on a large time frame(1M). The downtrend that began in September 2022 appears to be the beginning of the creek and a very large one at that. Price is currently in the 0:2.272 ratio band plotted by the previous distribution high and low. This ratio is a pretty strong ratio for a reversal, but its still possible that this support structure could collapse. If this event were to continue to rhyme with the Wyckoff accumulation schematic, price could dip into/below the previous (lower) 0:2.272 support structure from 2019 (where the ST in Phase B was printed) to form a textbook spring. If that spring were to print below the ST in Phase B support zone, I have a 1:1.13 overshoot ratio that could prove to be potential support. This TA doesn't guarantee further continuation to the downside; price could very well reverse here at the current support window, but it is something to consider. Also something to note: RSI has never been this far down in the lower quadrant; currently at 15.27. So this could strengthen the odds of a reversal here in the current ratio band. -Not Financial Advice-
Important buy and sell points with entry and stop loss If activated, profit will be saved in steps at the desired TPs
Hi traders, please watch as I forecast the price & structure of NAS100: -Price ready to surge -Bullish momentum -Expecting price to move in 3 waves for the bullish impulse -Key levels >20500 -Probability for bearish move to persist
For the DXY, we expect the week to remain bullish, driven by the ongoing correction after a significant price drop. Our expectation is that the upward movement will extend to the weekly key level premium. This bullish outlook is reinforced by several factors. First, we observed a bottom SMT with GU, followed by a market structure break on the daily chart. Additionally, the H4 timeframe has shown continuation purges, where lows are rejected, indicating buying strength. Finally, we identified a bearish SMT in bond yields, providing a strong indication that we are following the correct direction.
EURUSD has broken down from a Rising Wedge pattern on the 1H timeframe, suggesting a bearish momentum shift after a strong rally. The current price action indicates a likely continuation lower, targeting the Fair Value Gap (FVG) zone and major support near 1.07047. ? Technical Breakdown 1. Rising Wedge Pattern A clean bearish rising wedge formed during the uptrend, with price contracting upward and volatility drying. The breakdown from this wedge came with strong bearish momentum, confirming the pattern's bearish bias. 2. Fair Value Gaps (FVGs) as Draws on Liquidity Two unmitigated FVGs lie below current price: First zone near 1.0780 Second deeper zone near 1.07047, aligning with the projected measured move of the wedge breakdown. These zones act as magnetic targets for price to fill inefficiencies and collect liquidity. 3. Bearish Retest Structure Price is currently forming a potential retest of the broken wedge structure, which could provide an ideal short entry opportunity. Expected continuation downward upon rejection from this retest zone. ? Trade Idea Entry Zone: After confirmation of rejection near 1.0850 (retest of wedge) Target: 1.07047 (FVG & measured move confluence) Stop Loss: Above 1.0885 (above wedge structure) Risk-Reward: Solid setup with FVG and structure confluence ⚠️ Key Levels to Watch Resistance: 1.0850–1.0880 (wedge retest) Support/Target: 1.07047 (FVG fill + structure) Break back above 1.0900 invalidates the short setup.
How I see it in the shorter term: KEY LEVEL OF CONFLUENCE, NOW SUPPORT @ 41640.00 Potential "LONG" - TP 1 = 42355.00 TP 2 = 42890.00 Potential "SHORT" - (Requires a break and hold below KEY SUPPORT) TP 1 = 40652.00 Keynote: Stocks are still not showing the "reversal" type quality and energy. Upwards might only be a higher TF correction. On the 4HR TF there is also signs of a potential bearish flag. Thank you for taking the time to study my analysis
Key Observations: Descending Channel: The price has been moving downward within a channel, showing lower highs and lower lows. Support Level: Marked near $79,912.83, where the price recently bounced. Breakout Scenario: BTC appears to be breaking out of the channel, suggesting a potential bullish trend. Target: The projected target is $110,146.67, indicating a significant upward move. Stop Loss: Positioned below the support level to manage risk in case of a price reversal. Trading Idea: A long trade setup is suggested, with entry upon confirmation of the breakout. Stop-loss below the recent low ($79,912.83) to minimize risk. Profit target near $110,146.67, aligning with previous resistance levels. This setup follows a classic breakout and retest strategy, expecting bullish momentum if Bitcoin sustains above the resistance zone.
We had another bullish week, marking the third consecutive week of gains. OANDA:XAUUSD market dropped and tested Tuesday's low, with the weekly candle closing near the 50% weekly range. Despite this, we still have a bullish candle and a higher close above the previous week's high level, demonstrating market dominance. This week, the market cleared above the 3000 level, and the chance of further upward movement seems quite high next week, especially if the market gaps up at the opening. https://www.tradingview.com/x/GRs27Ep9/ On the daily timeframe, Friday's candle is bearish; however, it recovered by rebounding and closed near the 50% mark of Friday's range as well. Looking at the price action, the recent pullback is similar to what we saw at the beginning of this month, where price made a 1.70% pullback before continuing to push higher. This time we have a 1.90% pullback, suggesting continuation is expected. We have high-impact news that will influence the price, therefore we should stay vigilant. I think gold could be volatile next week; however, every pullback might present an opportunity to go long as well. Traders, If you liked this educational post?, give it a boost ? and drop a comment ?
Zum ersten Mal überhaupt trennt sich die Deutsche Bahn von zahlreichen ICEs. Dieser Schritt kam ziemlich kurzfristig und bereits im April sind die betroffenen Züge zum letzten Mal unterwegs. Das sind die Auswirkungen auf die Fahrgäste. Der Beitrag Bahn-Fahrer betroffen? Das passiert jetzt mit vielen ICEs der DB erschien zuerst auf inside digital.