#Gravity look good, following the path and staying above the support. My buying area shows that we can touch that support before sky rocket up again. My price prediction is between $250 and $400 this time.
in 1hr time frame gold is setting up for a big buy with the following confirmations 1. a bullish rectangle formed in 1hr tf 2 three white crows candle stick in 1hr tf 3. the bullish rectangle formed and connects all time frame from 1m tf up to 4hr tf 4. in daily time frame you can see the massive double rejection to the upside 5. you can also see on the daily time the double bullish rejection block (double hammer) which is a strong bullish momentum
Bias: No Bias USD News(Red Folder): -Unemployment Claims Analysis: -Expecting consolidation before NFP news -Looking for a retest on the key levels -PotentialBUY/SELL if there's confirmation on lower timeframe -Pivot point: 2940 , 2900 Disclaimer: This analysis is from a personal point of view, always conduct on your own research before making any trading decisions as the analysis do not guarantee complete accuracy.
EUR/USD Short Trade Plan The idea is to short EUR/USD from a high resistance zone, anticipating a price rejection and reversal. Key Trade Levels: Resistance Zone (Entry Area): The market has reached a strong resistance zone between 1.08498 and 1.08992, making it an ideal entry area for short trades. Stop Loss: Placed above the resistance at 1.10368 to minimize risk in case of a breakout. Take Profit Levels: TP1: 1.06943 (First level of expected support) TP2: 1.06655 (Deeper support level) TP3: 1.05785 - 1.05654 (Strong support zone) Market Outlook & Strategy: Bearish Bias: The recent sharp upward move suggests exhaustion, making a pullback likely. Confirmation: A rejection from the resistance zone will provide confirmation before entering short trades. Risk Management: A controlled risk-to-reward ratio with a stop loss above the resistance ensures a calculated approach. This trade aims to capitalize on a potential reversal after a strong bullish rally, targeting key support levels for profit-taking. OANDA:EURUSD FOREXCOM:EURUSD CAPITALCOM:EURUSD FOREXCOM:EURUSD
As you can see on the chart, Bitcoin (BTC) is respecting a curve trendline very well. One of the most important observations is that every time Bitcoin tests this curve trendline, it forms an inverted hammer candlestick pattern, leading to a market reversal. For those familiar with technical analysis, candlestick patterns play a significant role in predicting market movements. The repeated formation of inverted hammers at this trendline has consistently caused the market to reverse. Now, as Bitcoin approaches this trendline again, we’ll watch for the formation of another inverted hammer. If this pattern appears, it could signal another reversal and a potential drop in price. However, just because the market has failed multiple times at this level doesn’t mean it will fail again. There’s also a strong possibility that Bitcoin could break through this resistance zone. The 91,000–92,000 zone is acting as a key resistance area, and the curve trendline is also providing resistance here. Two Possible Scenarios Scenario 1: Breakout Above Resistance - There’s a high probability that Bitcoin could break the 91,000–92,000 resistance zone. - If this happens, the next major resistance levels to watch are 94,500 and 98,800. - After reaching these levels, Bitcoin might pull back, and we’ll analyze the next move in a future update. - 94,500 and 98,800 are important resistance levels that are defining the current market character. For now, the market remains bearish, but if these levels are broken in the future, we could see the market’s character shift to bullish. Scenario 2: Reversal at Trendline - Bitcoin could test the curve trendline and form another inverted hammer pattern, leading to a reversal. - This would mean the market fails to break the resistance and moves downward again, continuing the previous pattern. Key Takeaways Watch for Candlestick Patterns: The formation of an inverted hammer at the trendline could signal a reversal. Trade Carefully: Be prepared for both scenarios—breakout or reversal—and plan your trades accordingly. Note My goal is to simplify the chart and help you understand the price action clearly. I avoid overloading the chart with unnecessary indicators or creating confusion. My analysis focuses on keeping the chart clean and straightforward. Thank you!
As we are gearing to go into thursday, bitcoin is looking ripe for higher prices as chop continues. We know most moves during nyse open on fridays/ mondays are traps, so we will analyze price and time on friday; above is a cheat sheet for the coming weekly micro cycle. I apologize for not posting as our v6 pvsra vol detector caught every move. I cant update here and trade at the same time, at least not for free. Regardless of what happens the breakout level is 106k and closest support is either 1% below 77k or 63k so hold your hats if we dip. alts seem to be dead with no coming back barring a miracle, sorry for my bad call on that early winter. 106k is weekly top bollinger; daily is at 100; unless i have it flipped.
Expecting US30 to continue the downside liquidity sweep therefore retesting the current support zone since the internal structure support zone already is now a resistance
NASDAQ:PI is eating away at CRYPTOCAP:BTC & CRYPTOCAP:ETH … DYOR ETF outflows on CRYPTOCAP:BTC are close to $300M..
This chart presents a Fibonacci channel projection based on key swing points, including a Higher High, Higher Low, an All-Time High (ATH), and a current Lower Low. The levels of Fibonacci channel that market should abide by for the nearest future, are defined by: HL & LL - sets direction (fib 0 line); applied to ATH (fib 1 line). The derived fib ratios help to anticipate future price movements acting as key resistance where the pullback (reaction to prior impulsive bearish wave) might reach in respect to its structural capacity. B&W dashed line indicates a potential inflection point where the price could either reverse or extend further into supply zones.
Hello Traders? Entry: Around $2,249-$2,253 Target: $2,572 ? Stop Loss: $2,062 ❌ Trend: Bullish ? Key Level: Break above $2,253-$2,260 for confirmation. If the price holds above support, it may reach the target. Stay disciplined!