According to my analysis, a complete head and shoulders pattern is evident, which I expect to collapse and fall.
Hey traders! ? Let’s take a quick look at Algorand (ALGO), which has been showing some interesting price action lately. ?? As we know, ALGO has been closely tied to the broader market sentiment, and with all the attention around US-based projects, it’s definitely one to watch, especially with the current political landscape. 1️⃣ The Sell Signal – We received a strong sell signal earlier, and as a result, we decided to exit our spot position. Since then, we’ve been in a clear downtrend with lower lows and lower highs. ? 2️⃣ Fib Level 0.786 – Currently, we’re approaching the 0.786 Fibonacci level, which could act as a potential retracement point. Could this be the level where the market reverses? ? If we see a bounce here, we might fill the demand zone and potentially add more spot positions. However, there’s also the possibility of a breakout to the downside if the current downtrend continues. Will the bulls step in at this crucial point, or are we heading lower? What do you think? ? Drop your thoughts below and let’s discuss the next move! ? Don’t forget to follow for more insights on ALGO and other cryptos. Happy trading, everyone! ??
This is a Bitcoin TA article. In it, I will review the bullish and bearish scenarios. I will also provide price and time cutoff points, which could help us find trade opportunities. Short-Term Bias is Bullish: Before reviewing potential scenarios, I want to clarify one point: regardless of whether Bitcoin is long-term bearish or bullish, I expect a short-term upside in the coming days and weeks. The only question is how high it will go and how long it will last. I am optimistic about the short-term because Bitcoin is in the initial stages of the 60-day cycle that began on March 14, and the broader 200-day cycle is also in its early phase. Thus, when both the short and medium-term cycles trend upwards, Bitcoin is bullish, at least for the short-term. Figure 1: Bitcoin Cycles https://www.tradingview.com/x/jDIpby1M/ The Bearish Scenario: Let’s begin with the bearish scenario. In this case, Bitcoin has completed primary wave five, and the correction in primary wave A is currently in progress. Primary wave A consists of an ABC structure, with the A wave likely completed. Currently, it appears to be in the initial stages of wave B. If this assumption holds, the likely target for wave B is the 0.618 retracement of A, both in terms of price and time, which sets our price target at 97K and our time target for April 7th or later. Figure 2: The Bearish Scenario https://www.tradingview.com/x/uE3z0HgL/ The Bullish Scenario: The bullish scenario posits that within primary wave five, Bitcoin completed intermediate wave four on March 14, and that intermediate wave five is about to commence. In this case, the likely target for wave five lies between 111K and 117K, although it could extend even higher. The time ratio for the fifth wave is 0.618 of the duration of wave three, which brings us to April 21. Figure 3: The Bullish Scenario https://www.tradingview.com/x/1vjrrj70/ Short-Term Minimum Target: Even if we assume Bitcoin is bearish and that we are about to enter a prolonged correction period, I still expect Bitcoin to retrace 50% of wave A, which also marks the intersection of the upward and downward sloping channels. This retest could occur as early as Monday, March 17th, the soonest decision point. A cross above the 50% retracement and entry into the upward sloping channel will signal a bullish bias. A rejection from the 50% line and a continuation lower will strengthen the bearish bias. Figure 4: Minimum Short – Term https://www.tradingview.com/x/0oOZGiR6/ Max Target: The maximum target suggests an extended fifth wave, and in that scenario, Bitcoin could reach as high as $123K, representing the 1.272 extension as early as April 13th. These points of price and time intersect along the 45-degree angle that marked the top of primary waves one and three. Wave five can extend even more, but at this point it is hopeium. Figure 5: Max Target https://www.tradingview.com/x/UYF4r0j8/ Additional Considerations: Yearly Cycles. In the last four years, Bitcoin reached an intermediate top between mid-March and mid-April. However, on March 14, 2020, it indicated the bottom before a bull run. I am leaning toward the bear case because March 2020 was an exceptional year due to the COVID crisis. Fed Pivot. The next FOMC meeting is on March 19th. According to CME’s Fed Watch tool, the Fed will unlikely pivot on March 19th. Whether it does or doesn’t pivot on March 19th, the latest inflation data increases the chances of a pivot soon, which could ignite the final fifth wave and the blow-off top. Figure 6: Yearly Cycles https://www.tradingview.com/x/jzNPZnRJ/ Bitcoin Dream: This is a “feel good” scenario. If everything aligns, it could become a reality. Figure 7: Bitcoin Dream https://www.tradingview.com/x/1115Zxyy/
#Nifty50 99% working trading plan ?Gap up open 22568 above & 15m hold after positive trade target 22710, 22890 ?Gap up open 22568 below 15 m not break upside after nigetive trade target 22388,2226 ?Gap down open 22388 above 15m hold after positive trade target 22568, 22710+ ?Gap down open 22388 below 15 m not break upside after nigetive trade target 22268, 22148 ?big gapdown open 22710 above hold 1st positive trade view 22710 below nigetive view ?big Gapup opening 22268 below nigetive trade view 22268 above positive trade view ?For education purpose I'm not responsible your trade More education following me
Hey traders! ? Taking a look at the daily chart of BTC, we can see two significant Fair Value Gaps (FVGs) still waiting to be filled. ? 1️⃣ The First FVG is located at a crucial level right around the Golden Pocket. This is a strong support zone that could be a game-changer. If BTC manages to fill this gap and rebound on the support, the next question is: What happens next? ? 2️⃣ The Second FVG is just above the 0.786 Fibonacci level, which could provide additional support or resistance depending on how price reacts. So, what do you think? Will BTC fill these gaps and push higher, or are we going to see a rejection at these key levels? ? Let me know your thoughts and join the conversation in the comments below! ? Don't forget to follow for more updates and trading insights. Happy trading, everyone! ??
The $200 level has been a classic support so far, and since January 2024, it has always been the Tao's launchpad. If this level is maintained, we can have a corrective wave towards $350, and if the descending channel is broken, $450 will be accessible. If the $200 level is lost, the first target will be $145, and we will see a 50% fall!
Life360 helps families stay connected and safe. It lets you share your location in real-time with loved ones, get alerts when someone arrives or leaves a specific spot, and even warns you if there's a car accident. Plus, it offers roadside assistance and identity theft protection. This could also have several applications in the industry and location of important packages. Life360 is on a roll financially, with growing revenues and plans to expand with new tech, like a global satellite tracking network and services for pets in 2025 and seniors in 2026. They're also reducing losses and boosting income, which is a great sign for the future. With smarter advertising on the way, they're set to keep growing and innovating. With this introduction, Life360 is a strong candidate for a long-term investment. However, our goal is to achieve fast profits with minimal risk, while continuing to search for other opportunities. Last week, Life360 closed within a well-defined support zone around the 39.60 level. Purchasing at this level offers the potential for a 20% gain in the coming days , with a limited downside risk of only 3% to 4% (stop-loss zone). Boosting the Trade to a Risk-Free Position A common outcome for a multiple-bottom support pattern like this is a breakout, often followed by a rapid price decline. However, there is a strategy to capitalize on this scenario : 1. Buy 50% of the position with a take-profit (TP) at the first target. 2. Buy the remaining 50% with a TP at the second target area. If the price rebounds to the first TP, we will s ecure a 6% profit, effectively ensuring a risk-free trade . In fact, this would result in an overall return of (6% × 50%) + (-4% × 50%) = 1% profit for the entire initial position. If the price arrives to the 2nd target, a profit of over 13% will be done in few days combining both positions.
Key Observations: Bearish Flag Formation: The chart mentions a "Bearish Flag," which is a continuation pattern suggesting a potential downward movement. The price initially moved up (flagpole) but started consolidating before breaking downward. Break of Trendline Support: A clear upward trendline is visible, which has been broken to the downside, indicating a shift in momentum. The breakdown happened after a series of lower highs, confirming selling pressure. Short Trade Setup: A short trade (sell position) is illustrated with a red stop-loss area above the entry and a green take-profit area below. The risk-to-reward ratio seems favorable, with a target around 82,390 USDT. Price Action & Direction: The red arrow emphasizes further downward movement toward the support levels. The next major support zone is around 82,800 - 82,390 USDT. Conclusion: The chart suggests a bearish outlook for Bitcoin in the short term. The break of the trendline and bearish flag formation indicate further downside potential. If Bitcoin fails to hold the immediate support level, it could move toward 82,390 USDT or lower.
This week, the gold market witnessed an impressive upswing. Notably, the price of gold managed to reach the long - awaited $3,000 price range. After such a substantial increase, it is only natural for gold to undergo a short - term pullback and adjustment. However, the short - term bullish trend of gold remains intact, with its bullish momentum still robust. Fundamentally, multiple factors underpin the upward movement of the gold price. On one hand, the global economic outlook is still fraught with uncertainties, and geopolitical tensions flare up from time to time. This has led to a rise in investors' risk - aversion sentiment, and gold, as a traditional safe - haven asset, has thus become highly favored. For instance, the recent escalation of trade frictions has made the market worry about the global economic growth prospects, causing a flood of capital to pour into the gold market for hedging purposes. On the other hand, the continuous accommodative monetary policies of major central banks also provide support for the gold price. In a low - interest - rate environment, the opportunity cost of holding gold decreases. Moreover, the expectation of currency depreciation has increased, enhancing the hedging appeal of gold. In the short term, the gold price is expected to fluctuate and adjust around the $3,000 mark. If it can effectively break through this crucial psychological threshold and hold steady, there is hope for further upward potential. Suggestions for gold trading operations next week: buy@2960-2970 SL:2955 TP:3020 I firmly believe realized profit and a high win - rate are the best measures of trading skill. Daily, I share highly precise trading signals. These include clear entry points, stop - loss levels for risk control, and profit - taking targets from in - depth analysis. Follow me for big financial market returns. Click my profile for a trading guide on trends, strategies, and risk management.
On 1D TF, KSE 100 is forming a triangle pattern which has already been broken to the upside. Present price levels are also above 21 EMA which is another supporting factor. However, there is one major confirmation still awaited w.r.t breaking of the resistance area (115383.90-116975.30). Seeing the price movement and no opposing indications on RSI, it is expected that breaking above the aforementioned resistance area shall take the market upto 127248.06. So, my stance will remain bullish above 116975.30. Good luck.