Price is in an overall uptrend and it created a break of structure. So now I'm expecting price to retrace an mitigate the order block that lead to the break of structure. For a buy entry I'll wait for price to mitigate the order block and give me a bullish confirmation.
Both technical indicators & forecast pricing now point higher. Looks like a solid bottom has been put in & with gold and copper prices hitting all time highs this looks like a juicy target for larger miners flush with cash.
RBNZ looking forward to cut rates to 3.25 meanwhile BOE is looking to HOLD rates at 4.5.
Price is in an overall downtrend, it was retracing when it created a change of character indicating the end of the retracement. It then came back to mitigate the order block that lead to the change of character but didn't give any confirmation for entry so now I'm waiting for price to give me a possible liquidity sweep and giving a sell confirmation.
may be possible to take a short bearish power could be strong as soon, Market Sentiment: Recent analyses have highlighted potential bearish scenarios for Bitcoin, with some analysts warning of a possible drop to $73,000 due to weak support at key technical levels. Investor Behavior: The current bear market has significantly impacted newcomers, with many locking in large losses. This trend is exacerbated by leveraged traders facing substantial daily losses Given the prevailing short-term downtrend and the potential for further declines, initiating a short position in Bitcoin could be considered. However, it's crucial to implement strict risk management strategies, such as setting stop-loss orders, to mitigate potential losses. Additionally, staying informed about market developments and monitoring key support and resistance levels can aid in making more informed trading decisions.
I am waiting for a good correction from the dollar With the two bottoms we have on the 4-hour chart it is a good confirmation to buy
? Despite many laughing at my confidence in altcoins, I’m still holding my bags tightly. And honestly, there hasn’t even been a great opportunity to take profits yet… ? But here’s a scenario that I still see as possible and truly believe in. ? When Gold corrected for two months after its new ATH in early 2024, was there a single person shouting that it was over and there would be no new rally? I don’t remember that. ? The same goes for alts - after the Total Market Cap (exc. BTC and ETH) set a new high, we’ve spent just three months in a deeper correction (-35% compared to XAU's -8%) while still maintaining an overall uptrend. ? With most alts dropping 50-70%, I believe we’re more likely to see a new rally soon rather than a full reversal into a bear market. ❌ Every time people say there won’t be an altseason, it always comes. ?
DOGE/USDT 1H: Bullish Momentum Holding – Can $0.182 Be Reached? ? Follow me on TradingView if you respect our charts! ? Daily updates! Current Market Conditions (Confidence: 8/10): Price at $0.1752, showing strong bullish momentum. No clear divergences present on RSI, suggesting sustained strength. Market Maker accumulation visible, confirmed by a recent sweep of lows at $0.163 and strong bounce. LONG Trade Setup: Entry: $0.174 - $0.175 zone. Targets: T1: $0.178 (initial resistance). T2: $0.182 (extended liquidity zone). Stop Loss: $0.171 (below recent support). Risk Score: 8/10 – Strong risk-to-reward setup with confirmation of Smart Money accumulation. Market Maker Activity: Accumulation phase completed with a liquidity sweep below $0.163. Order blocks at $0.173 - $0.174 indicate continued bullish pressure. Minimal selling pressure suggests a continuation of the uptrend. Recommendation: L ong positions remain favorable within the $0.174 - $0.175 entry range. Monitor reaction at $0.178, as a strong breakout could confirm the move to $0.182. Use tight stops, as pullbacks could occur before continuation. ? Follow me on TradingView if you respect our charts! ? Daily updates!
My overall thesis is we are in the very early stages of a multi-year decline ultimately with the S&P 500 below 3500. I have been wrong many times before so I will just take this thing in stages and see if it plays out. After this massive decline, we should be in for a great market rally of many decades. I am expecting the market to end its recent rally this week. The current rarely would be about a week in length depending when it began for individual stocks. The rally has done a few important things with its slow and prolonged upward movement, mainly prevents a wave 3 signal from occurring during the next decline. My wave 3 indicator tends to signal wave 3s and 3 of 3s. See my scripts for the specifics of the indicator. If the market had a short wave 4 up and then a sharp or prolonged drop during wave 5, a new wave 3 signal would occur which violates the currently placed Minor wave 3 (yellow 3). Allowing separation from the current wave 3 signal enables wave 5 to drop quick or slow. This chart applies select movement extensions based on wave 1's movement on the left and then another based on wave 3's movement on the right. I keep the values between 0%-100% on the chart for wave 2s and 4s retracements of the preceding wave's movement for reference even though the retracement values would be inverted. Specifically for ADI, Minor wave 3 was longer than wave 1, which does not place a maximum length on wave 5. Assuming wave 4 ends on Thursday or Friday, Minor wave 5 could be a week or longer. Wave 4 does not need to gain too much more to meet completion criteria, but the sideways movement of the past few days could place the top below 218. During Minor wave 5, at the very least it should drop below wave 3's bottom of 202.59. Using some basic movement extensions, it will likely go lower. The 5 wave lower pattern for this fifth wave is hypothetical, but a bottom could occur between 186-195. Once we bottom, we should see another rally over a few weeks. I will forecast what that could look like as Intermediate wave 1 nears its end.
ADA/USDT 1H: Accumulation Phase Holding – Can $0.760 Be Reached? ? Follow me on TradingView if you respect our charts! ? Daily updates! Current Market Conditions (Confidence: 7/10): Price at $0.7331, currently consolidating after a breakout. RSI momentum is building from mid-levels, indicating increasing strength. Hidden bullish divergence forming on the 1H timeframe, signaling potential continuation. LONG Trade Setup: Entry: $0.730 - $0.732 zone. Targets: T1: $0.745 (initial resistance). T2: $0.760 (extended target). Stop Loss: $0.715 (below recent support). Risk Score: 7/10 – Decent risk-to-reward, but requires confirmation of continued momentum. Market Maker Activity: Accumulation phase visible after a recent liquidity sweep at $0.69. Strong support has formed at $0.72, reinforcing bullish potential. Order blocks suggest further upside potential, as Smart Money positions for the next move. Recommendation: Long positions remain favorable in the $0.730 - $0.732 entry zone. Monitor reaction at $0.745, as resistance could trigger a short-term pause. Use tight stops, as consolidation could extend before continuation. ? Follow me on TradingView if you respect our charts! ? Daily updates!