Hello, Traders! Bitcoin price continues to fall towards the next big support area at 74k-70k. Currently, there is no sign of BTC reversal, and it seems that this correction phase will last long. Ideally, the faster BTC finds its local bottom, the faster it starts to rise again. However, the current market conditions suggest that a period of consolidation might be necessary before a meaningful recovery. I doubt that the BTC price will fall below 70k despite all the negative sentiment surrounding it at the moment. More likely, we will see strong buying pressure at those levels, as institutional investors and long-term holders step in to accumulate at what they perceive as a discount. Also, the stochastic RSI on a weekly scale has dropped to 0, which historically indicates that momentum is oversold and a potential reversal could be near. If we see a bullish cross on the SRSI on a weekly timeframe, this might act as a catalyst for a price rebound, possibly pushing BTC toward new highs. Another indication of a possible bottom is the Fear & Greed Index, which currently sits at around 20. This level reflects extreme fear in the market, a condition that has often preceded local bottoms in previous cycles. Historically, such extreme fear tends to trigger a shift in sentiment, leading to increased demand and a subsequent price recovery. Furthermore, on-chain metrics suggest that long-term holders remain unfazed by the recent downturn, with exchange reserves continuing to decline. This indicates that a significant portion of BTC supply is being moved to cold storage, reducing selling pressure. Additionally, open interest in the futures market has seen a decline, which could mean that excessive leverage is being flushed out—a necessary step for a healthier market structure. If BTC manages to hold the 70k support level and confirms a reversal with increasing volume, we could see a strong recovery phase unfold. However, if the price breaks below this key support, the next significant area to watch would be around 65k, where additional buying interest might emerge. Please don’t forget to boost this idea and leave your comments below.
The German DAX has had a strong 2025, reaching nearly 18% gains early in the year. With new government spending plans equaling 5% of GDP now public, investors may start booking profits. Could this signal a short-term pullback, or will the uptrend continue? Key support levels to watch: 22,496 for a bullish rebound or a deeper correction toward 21,162 if selling pressure increases. What’s your take? Drop your thoughts in the comments! This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information
OANDA:EURUSD has reached a key resistance level, marked by prior price rejections, suggesting strong selling interest. This area has previously acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers step in. If bearish signals emerge, such as rejection wicks, bearish candlestick patterns, or signs of weakening bullish pressure, I anticipate a move toward the 1.07400 level. However, a clear breakout above this resistance could challenge the bearish outlook and open the door for further upside. It's a pivotal area where price action will likely provide clearer clues on the next direction. Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with a proper risk management.
S&P 500 (SPX500) Analysis – March 10, 2025 ? Technical Outlook: The price is likely to test 5695 and 5675, as bearish momentum continues to drive the market lower. However, if the price stabilizes above 5713, it may rise to 5743 for a retest before resuming the bearish trend. A 1H or 4H candle close below 5675 would confirm further bearish continuation, targeting 5640 and 5600. ? Key Levels to Watch: ? Resistance: 5743 | 5764 | 5780 ? Support: 5695 | 5675 | 5640 Previous idea: https://www.tradingview.com/chart/SPX500USD/f3PWeZbL-SPX500-Navigating-Volatility-Amid-Key-Events-and-Powell-s-Speech/
I noticed that the timing and pattern of how this is playing out in 2025 in Bitcoin is very similar to that of 2017. This fractal is not identical but its damn close. In 2017 there were approximately 15 million people in crypto, very few leverage exchanges, and trading was no where near what it is today. Now we have exchanges everywhere, hundreds of them most with leverage which we didn't really have before. Also not to mention that now we have big players getting in and they aren't buying and selling on the daily, they are buying it all and holding it, hence why we aren't seeing the typical "Alt season". The sloshing effect we had in the early days when traders would rotate out of Bitcoin into alts is not happening as it used to. In 2017 Trump took office and in the end of March the bull run started in full swing. Something very similar is also happening now that we are in March and these fractals are lining up. Let see how this plays out. I think we are on the cusp of a giant mega bull run like you've seen before. Crypto traders last year made mega profits cashing out multiple billions in capital gains. Once the selling stops around the end of March and beginning of April from people selling to pay taxes I think its on. This is not financial advice this is just my opinion. Lets see how this chart ages. Thank you for reading.
The Power of 3 (PO3) strategy is basically the market playing mind games: first, it traps traders in a boring range (Accumulation), then fakes them out with a stop hunt (Manipulation), and finally moves in the real direction (Distribution)—usually without them. It’s like a magician making your money disappear before revealing the “real trick” too late. If you don’t want to be the audience in this market magic show, wait for the liquidity grab and structure shift before jumping in! for more info follow us on YouTube at HASfx we post daily forex outlook
Your sell setup looks solid. Here's a refined version for clarity and impact when sharing with your clients: --- ? Sell Setup Alert ? ? Entry: 1.085012 (Key level after consolidation breakout and price rejection) ? Take Profit (TP) Targets: ✅ TP1: 1.08000 (First target near consolidation low) ✅ TP2: 1.07500 (Midway support area within the downtrend) ✅ TP3: 1.07200 (Major support zone with strong reaction points) ? Stop Loss (SL): Recommended above 1.08750 for risk management. ? Trade safely and manage your risk accordingly. --- Would you like a more engaging caption or specific hashtags for social media? From the chart, here are the key support and resistance levels identified: Resistance Levels ? 1.08693 (Key resistance zone at previous highs) ? 1.08500 (Major resistance within the downward channel) ? 1.07700 (Resistance formed post-breakout) ? 1.07000 (Consolidation zone resistance) Support Levels ? 1.06300 (Support within the consolidation zone) ? 1.05700 (Intermediate support in the downtrend) ? 1.05200 (Support near the lower range of the channel) ? 1.04200 (Major support near the marked Bottom 2) ? 1.03200 (Final strong support near the identified Bottom 1) This structure highlights key turning points for potential entries, exits, and reversals. Let me know if you'd like trade strategies or risk management advice based on these zones.
sell the currency more sellers than buy once it break the necline ......
The EURUSD pair hit on Friday its 1W MA200 (orange trend-line) for the first time in 5 months (since October 03 2024). This is a major Resistance level which initiated a strong -4.00% decline on December 28 2023. In fact -4.00% declines have been quite common for EURUSD in the past 2 years. However, the pair's strongest Resistance level has been the 1M MA100 (red trend-line) which has formed both market tops on October 01 2024 and July 18 2023. As a result, the most optimal sell entry would be when the 1W RSI hits its Resistance Zone, with the price probably close to the 1M MA100 within the Lower Highs Zone. On the long-term, the R/R has shifted dramatically in favor of selling right now. If the rejection does happen on the 1W MA200 eventually and won't close any 1W candle above it, we have a short-term Target at 1.04600 (-4.00% decline) and if the rejection takes place higher, we will be expecting a bottom near parity with a technical Target at 1.00500 (Lower Lows Zone). ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ?????? ? ? ? ? ? ?
I've been long the JPY since the beginning of 2025. I recently closed an incredible OANDA:NZDJPY short position, which was very rewarding. Currently, I'm short CADJPY, CHFJPY, EURJPY, and GBPJPY. My bullish bias for the yen continues. The yen index recently closed above a key horizontal level, signalling that there could be more upside.