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Bitcoin has turned neutral on its 1W technical outlook (RSI = 50.811, MACD = -265.000, ADX = 36.155) as it recovered some losses from last week. The most important outcome is that both last week and so far the current one, the 1W candle entered the long term Support Zone comprised of the 1W MA25/MA50 and rebounded over it. This is the Zone that has produced all HL bottoms of the 2 year Channel Up. As the 1W RSI is also about to enter its multiyear Buy Zone, we expect the bottom to be formed within 4-6 weeks max and then start the standard +97.97% rally it printed on all three prior bullish waves. The trade is long, TP = 150,000. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTOCAP:BTC is rallying because the US unemployment rate was just 10 bps higher than expected. Non-farm payrolls also came in lower than expected. This is good for CRYPTOCAP:BTC because this will push the Fed to lower interest rates, which should push CRYPTOCAP:BTC higher. This is a start to the day, but we must still get through 1) The White House Crypto Summit that has already started and 2) The Fed's Chair, Jerome Powell, will be speaking at 12:30 pm ET
XAUUSD MARKET currently on 2923 according to time frame H4 market is bullish trend and my analysis is market go on up word KEPP SUPPORT MY ANALYSIS RESISTANCE LEVEL. 2958 SUPPORT LEVEL.. 2885 IF market break support level then go on down word 2830 IN NFP NEWS MY TARGET 1 . 2970 TARGET 2 . 3000
As the correlation is saying strong JPY ,thats mean any currency Like AUDJPY ,NZDJPY ,EURJPY can go down.
A Head and shoulders pattern forming. I'm waiting for a breakdown to take a long trade. Key areas I'm watching $2 zone - I don't believe this will hold especially if we get a decent BTC dump. It has been tested too many times. $1.8 big liquidity pool around that area could get a bounce there. $1.6 very strong support in that zone would love to get a bit there.
Analysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout. Entry: The price approached the previous swing high zone with an ascending structure on the higher time frame (HTF), then plummeted from the swing high area signaling a bearish shift, and formed another bearish continuation-like pattern on the LTF. We shall be looking for an entry with a small bearish continuation structure here targeting the base of the ascending structure Expectation: A downward move is anticipated. ⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!
Trying to remove the hard work of selecting multipliers for your anchored VWAPs, I came up with this idea of a AVWAP band and built an indicator for it.
Dear traders, Hope you are doing great, we have an excellent buying opportunity coming up or currently forming. Price has reversed with strong bullish volume, indicating a strong bullish impulse. A possible entry will be at breakthrough of inducement trend line. If you agree with the idea, then please consider liking and commenting the idea which will encourage us to post more such ideas. ❤️
The USD/CAD pair on the 15-minute timeframe is showing signs of a potential bearish reversal. The price has been in an uptrend, forming higher highs and higher lows while respecting a diagonal support trendline. However, it has now approached a key resistance zone around 1.43575, as marked by the M15 supply area. The current price action suggests a rejection from this resistance, with wicks indicating selling pressure. If the price breaks below the ascending trendline, a further decline towards the 1.42794 support level is likely. The risk-to-reward setup favours short positions if confirmation of a bearish structure shift occurs. Traders should monitor price action closely for a trendline break or a strong bearish engulfing candle to confirm the sell-off.