? Driving factors Geopolitical situation: US President Trump's special envoy Witkov held a three-hour meeting with Russian President Putin in Moscow last Friday to discuss the US plan to end the war in Ukraine. The Kremlin said that the positions of the two sides have become closer. India accused Pakistan of sheltering terrorist organizations, and Pakistan denied it and accused India of instigating separatist activities in Pakistan (such as Balochistan). The situation is difficult to control. Latest news: Russian President Putin announced on the 28th that a ceasefire will be implemented from 0:00 on May 8 to 0:00 on May 11. Market bullish sentiment cools down ? Commentary analysis According to the trend of gold in the Asian and European sessions, the trading signals derived from technical analysis have helped many people achieve short-term victories. ? Technical side: For the current gold, the 1-hour chart card fluctuates widely between 3330-3292, and is currently around $3324. ✔Operational suggestions, short-term trading: US gold operation strategy: Short strategy: If gold falls back to the range of 3330-3350, you can enter the market to short, target 3270, stop loss 3355 ?Risk warning Liquidity risk: The market may be bearish in early May, and price fluctuations may be amplified. Policy black swan: Trump may suddenly change tariff policies or personnel changes at the Federal Reserve, causing violent market fluctuations. Technical false breakthrough: There are a large number of stop-loss orders near $3350, and you need to be wary of reversals after inducing more. Summary: This week, the gold market will be affected by geopolitics, Federal Reserve policies and the trend of the US dollar, and the fluctuation range is expected to be between $3260 and $3350. Investors need to pay close attention to key support and resistance levels and adjust strategies flexibly.
I am migrating my community over to Whop from Discord, and for this next week only, you can get complete access for only $50!
Bitcoin already broke out of the bearish structure a while back, and honestly, that was the first major shift everyone should have been paying attention to. Ever since that breakout, we have been building bullish structure on the higher timeframes, higher highs, higher lows, and overall strong momentum to the upside. This gave the bulls a clear advantage, and so far, nothing has really changed that bigger picture. Consolidation Structure Now, looking at the current price action, something important stands out. During the last big push up, Bitcoin left behind a massive daily imbalance zone. It is way too big to just leave open like that. Markets hate inefficiencies, especially ones of that size, and more often than not, these kinds of imbalance zones get filled at some point. Because of that, I am fully expecting price to come down, revisit this imbalance area, and fill it properly before making any serious move higher. It is a natural thing for the market to do, clean up inefficiencies, grab liquidity, and then continue the main trend if the structure holds. Bullish/Bearish Scenarios The most important thing to watch here is how Bitcoin reacts once it gets into the imbalance zone. If we dip into it and then start seeing bullish reactions, I will be looking for confirmation that the bullish structure is still intact. Specifically, if we can avoid a daily candle close below the bottom of that imbalance, the bullish case remains valid. However, if we get a full daily close below the imbalance, that would be a strong warning sign. That would tell me that the bulls lost control and we could be looking at deeper downside or a shift back into bearish conditions. But as long as that does not happen, I am still looking for the market to respect the structure. A dip into the imbalance, hold, and then continuation higher, that is the ideal scenario. Price Target and Expectations If we get the reaction I am looking for after filling the imbalance, I think Bitcoin has a real shot at rallying towards $105,000. That level lines up perfectly with a strong resistance area on the chart, and it would make sense for price to reach for it if the momentum stays bullish. Now, reaching $105,000 will not be easy. That is going to be a major test for the market. There will likely be heavy selling pressure around there. But if the trend stays strong and we keep putting in bullish structures even as we approach that resistance, it is definitely possible to break through eventually. Current Stance Right now, I am being patient. I am not chasing the current move higher. I am waiting for price to come back down into the imbalance zone. If we get a proper retest and hold, that is where I will be looking for my entries, targeting the move towards $105,000. No daily close below the imbalance zone = bullish continuation plan still in play, Daily close below = reassess everything and possibly step aside. Conclusion To sum it up, Bitcoin already shifted bullish a while ago with the structure break. Now it is just about cleaning up the inefficiencies it left behind during the move up. If the market does what it usually does, fill the imbalance and maintain bullish structure, then the setup towards $105,000 is very much alive. Patience is key here. Let the market come to us. No need to force anything. ___________________________________ Thanks for your support! If you found this idea helpful or learned something new, drop a like ? and leave a comment, I’d love to hear your thoughts! ? Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! ?
After an aggressive surge marked by a big green candle, BINANCE:ARDRUSDT is now moving sideways. This sideways action represents a "voting phase" between buyers and sellers — a battle to decide who will take control next. Looking at the current price structure, this consolidation is setting up a potential continuation move toward the next target zone at 0.15199 – 0.15900. Technically, the sideways movement is forming a bullish pennant pattern — a classic sign where price briefly pauses after a strong rally, gathering momentum before continuing its upward trend. One thing to watch: after breaking the previous high (marked by the red arrow), price should not fall back into the pennant structure. A re-entry would weaken the bullish setup. As long as price holds above the key support at 0.12273, the bullish scenario remains intact. What's your view on this setup?
Based on the wave count, it seems that Bitcoin has entered a new uptrend after completing a long-term correction in the form of a neutral triangle pattern. Since the first wave of this uptrend has an impulse structure, it can be said that a bullish zigzag pattern is taking shape, and we are currently in wave B of it. Based on the analysis, wave B of the zigzag can develop into a neutral triangle, with wave D continuing to the $100,000 or $110,000 level, and wave E can also retrace about 38% of it. With the completion of wave B, the price can enter wave C with a target of $158,000 to $180,000.
***Follow SEOVEREIGN to receive real-time alerts. **Boosts help drive SEOVEREIGN to deliver more in-depth analysis across various assets. **Our team regularly publishes detailed reports on the cryptocurrency market. We would like to formally announce that we are shifting from the long (buy) perspective we have consistently maintained up until the 22nd, to a short (sell) perspective for the near term. After a thorough and multifaceted analysis of the current market conditions, we have concluded that a strategic adjustment in positioning is now necessary. From a technical standpoint, Solana (SOL) appears to have completed its 5th wave. Notably, the length of the 5th wave corresponds precisely to 0.618 times the range from Wave 1 through Wave 3 — a textbook formation under Elliott Wave Theory. Such a structure goes beyond ordinary price fluctuations, signaling that the market is approaching a critical inflection point. In light of this, we believe it is time to seriously consider short positions. The target price we are presenting is as follows: Target: 136 As always, the market is subject to various unpredictable variables. Rigorous risk management and flexible strategy adaptation are not just recommended, but essential. Riding the waves of the market is never a matter of mere luck — it is achieved only through meticulous preparation and composed execution. Even at this very moment, the market demands constant decisions. Be cautious, but not fearful; be bold, but never reckless. We trust that each of you will make wise and well-grounded decisions based on your own convictions and analyses.
HDFC Bank appears to be forming a double bottom pattern, indicating the potential for a breakout above the ₹2,200 level in the future. Disclaimer: The information provided is for educational and informational purposes only and should not be considered as financial advice. Investing in the stock market involves risk, and past performance is not indicative of future results. Please consult with a certified financial advisor or conduct your own research before making any investment decisions. We are not responsible for any losses incurred as a result of using this information. Stock market investments are subject to market risks; read all related documents carefully.
***Follow SEOVEREIGN to receive real-time alerts. **Boosts empower SEOVEREIGN to expand coverage and deliver more analyses across a wider range of assets. **Our team regularly publishes in-depth reports on the cryptocurrency market. We are officially announcing a shift from the long (buy) perspective we have consistently maintained up until the 22nd, to a short (sell) perspective in the near term. Based on a comprehensive interpretation and analysis of the current market dynamics, we believe it is time to adjust our strategic positioning. The primary basis for this change lies in the clear emergence of a Harmonic Pattern, specifically the completion of a Butterfly Pattern, as observed on the charts. The Butterfly Pattern is regarded as one of the most reliable reversal signals among harmonic structures, and the current market appears to have reached the critical reversal zone with near-perfect ratios. Additionally, we are considering the potential formation of a Head and Shoulders Pattern should the downtrend gain momentum. If the market unfolds as anticipated, this reversal could lead not merely to a minor correction, but to a deeper and more structurally significant decline. Accordingly, for those who align with this perspective, we suggest taking the following targets into account when formulating your strategies: 1st Target: 1,734 2nd Target: 1,659 Of course, market conditions are inherently volatile and subject to change. Effective risk management and flexible responsiveness are fundamental to navigating such environments. Reading the market goes beyond interpreting charts; it demands adaptive thinking and swift decision-making. The market continues to move relentlessly, and opportunities will always favor those who are prepared. We encourage each of you to approach this moment with careful analysis and bold conviction. Wishing you wise and decisive trading ahead.
To continue its trend, it must hold above 3300. Staying above the bull is not an easy task but possible :)
***Follow SEOVEREIGN to receive real-time alerts. **Boosts empower SEOVEREIGN to expand our coverage and bring you more comprehensive analyses. **Our team regularly publishes in-depth reports on the cryptocurrency market. Following the idea published on the 22nd, we are now shifting from the long (buy) perspective, which we have consistently maintained for an extended period, to a short (sell) outlook in the near term. We sincerely hope that many of you were able to achieve meaningful results during the previous uptrend. Now, however, we are detecting clear signs of a market transition and, accordingly, we present a short-side strategy. From a technical standpoint, the current chart is delivering highly significant signals based on Elliott Wave Theory. Notably, the ongoing 5th wave has extended precisely to 1.618 times the length of the 1st wave — a textbook example of an extended 5th wave under Elliott principles. Such structural completion statistically suggests a heightened probability of a major trend reversal. Visually, each wave is forming with remarkable precision and natural flow, without any signs of forced interpretation or overfitting. It represents an ideal wave structure — clean, coherent, and organically developed. Taking all these objective and structural factors into consideration, we believe this is a highly appropriate juncture to consider exiting long positions and exploring short entries. For those who share this view, please refer to the following target levels when establishing your strategy: 1st Target: 90,868 2nd Target: 87,831 As always, we strongly encourage you to accompany any position entry with thorough risk management and flexible operational strategies. The market can always move beyond expectations, and maintaining a posture of humility and preparedness will be your strongest defense in protecting your capital. This is a time that demands sharp insight and decisive action more than ever. We wish all of you wisdom, clarity, and strength in making your next strategic move.