https://www.tradingview.com/x/srBVB8sF/ Please, check our technical outlook for BITCOIN. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 84,591.77. Considering the today's price action, probabilities will be high to see a movement to 76,443.59. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
? Welcome to TradeCityPro! Let's dive into the analysis of Bitcoin and other important crypto indices. As usual, I want to review the New York session's futures triggers for you. ⚡️ Yesterday, one of our triggers was activated, which I will mention in this analysis. ⏳ 1-Hour Timeframe As you can see in the 1-hour timeframe, yesterday's trigger at 83979 was activated, and the candle closed above this level. However, it seems like the upward momentum ended there, and the price gradually started to move downward. ? The decline was due to the falling dominance of Bitcoin, which failed to continue its upward movement as dominance dropped. ✨ Currently, the price has returned below the 83979 level, which appears to be a fake-out. If the price stabilizes below this level, there is an increased likelihood that it will retest the 80105 support. The primary support is still at 77598. ? For a short position, with the activation of the fake-out trigger of 83979 in lower timeframes, you can enter a position. Other triggers like breaking 80105 may not occur today since it's Saturday and the market doesn't have enough volume to make significant moves. ? For long positions, keep in mind that there is a resistance area from 83979 to 84817. The price must break out of this range, so until a new structure is formed to give a precise resistance figure, the long trigger will be 84817. ? BTC.D Analysis Let's move on to the analysis of Bitcoin dominance. As observed, dominance corrected to the 62 area yesterday and is now moving downward again. ? Currently, the 61.53 zone is critical, and breaking this could lead Bitcoin's price towards 61.08. ✔️ I currently see the momentum of dominance as bearish, so if the market is giving long positions, I prefer to open them on altcoins. https://www.tradingview.com/x/mdnOZG6M/ ? Total2 Analysis Moving on to the Total2 analysis, yesterday's trigger at 1.01 was activated simultaneously with the break of 83979 in Bitcoin. Given the drop in Bitcoin dominance, altcoins moved higher and offered better positions. ? For today, the long trigger for Total2 is at the 1.04 area. As for short positions, since I see the Bitcoin dominance as declining, I prefer to open shorts on Bitcoin. However, you can also open short positions on altcoins with the Bitcoin trigger. https://www.tradingview.com/x/Jc5ufLZH/ ? USDT.D Analysis Let's look at the USDT.D analysis. Yesterday's upward move in dominance was a fake-out, and it returned below 5.49 with a bearish momentum that broke the floor at 5.33 and stopped at 5.28. ⭐ Currently, a very small range box has formed from 5.28 to 5.33, and breaking any of these areas could define the next leg of dominance and its short-term trend. https://www.tradingview.com/x/gutSwirI/ ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
The EUR/USD is at a critical juncture, with a breakout and liquidity grab in play! Will buyers step in at key Fibonacci levels, Fair Value Gaps (FVGs), and the 50MA, or will bears take control before a potential bullish continuation? With high-impact price zones and a 1D demand area ahead, this setup demands attention.
https://www.tradingview.com/x/btDOeY9p/ Here is our detailed technical review for NZDUSD. Time Frame: 10h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.575. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.582 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
https://www.tradingview.com/x/zhDYzxrO/ Take a look at our analysis for GBPJPY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 192.236. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 190.200 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
It seems that we have a short-term growth despite the triangle pattern and the upward breakout on the 15-minute timeframe with the 2-hour refined areas.
? NZDUSD Technical Analysis ? ? Bullish Channel Formation: The price is moving within an ascending channel, respecting both support and resistance levels. ? Retest & Continuation: After testing the lower boundary, the price is showing bullish momentum towards the upper channel. ? Target Zone: If the structure holds, the price could reach the upper resistance area around 0.5900 - 0.5950. ⚠️ Key Considerations: • Watch for any potential rejection at key resistance levels. • Proper risk management is crucial to handle possible pullbacks. ? Let’s see how this plays out! ?
TECHNICAL SUMMARY 1D- We observed a CHoCH after price surpassed 148.683 price level. Currently the pair is in a retracement to the upside before it can continue falling possibly to 144.569 price level 4H- 15MIN: Price is uptrending. As the market opens, I am looking for the price to fall to 147.986 before continuing to rise and break the 149.158 price level. Lastly, 1.Beware of high impact news before considering taking any position 2. Do your own analysis before making any decision 3. Use proper risk management 4. Losses/wins don't define you, consistency does. 5. Your comments will be highly valued
In this video I go through why DCA (Dollar Cost Averaging) does not work for short-term traders and is more suitable for investors. I go through the pitfalls than come through such techniques, as well as explain how trading should really be approached. Which at it's cost should be based on having a positive edge and using the power of compounding to grow your wealth. I hope this video was insightful, and gives hope to those trying to make it as a trader. Believe me, it's possible. - R2F Trading
BFBIO Analysis Need to break 200 and sustain for go in up trend currently going up to touch downtrend line