OANDA:EURNZD is approaching a significant resistance zone, marked by prior price rejections and strong selling pressure. This area has historically acted as a key supply zone, increasing the likelihood of a bearish reaction if sellers regain control. The recent bullish momentum has brought price back into this zone, making it a crucial level to watch. If sellers step in and confirm resistance, we could see a decline toward the 1.82920 level. However, a break above this resistance zone would invalidate the bearish bias and could signal further upside continuation. Traders should watch for confirmation signals such as rejection wicks, bearish engulfing patterns, or increased selling volume before considering short positions.
The price blew past my previous forecast of $89500 to $90K yesterday so I took another look today. Three Big Black Crows which is a pretty reliable candlestick pattern, so I am going to trade this short until I see a reversal candle. Is $73500 to $74K possible? This time last week I would have said no way. This week, I'm saying way. IDK, could happen. I hope not but it is certainly a possibility all of a sudden. It feels like crypto isn't as fashionable as it once was.
Memes sucked up all the liquidity. At some point, a lot of crypto experts started screaming left and right that memes are mass adoption and a narrative for the future bull. I've always said to be careful. That 99.98% of memes are casino, nothing more. I've had many people start proving otherwise, but when I blow the question that stumps everyone, “If the token has no utility and no product, who will need to buy it when the buyer runs out? What happens to the token when the early investors start coming out ?” There is almost no one with a sensible answer to this. Believe that everyone will hold the token, no one will lock in profits, and there will be an endless buyer. To the question of whether you can make money? Yes, you can. Statistics show that 7% are on the plus side, and 93% of holders are on the minus side. Are you sure you will not be that last buyer? Today, I read an article about how one popular, successful influencer lost 700k in 3 weeks. One by one : TRUMP after Melania Then crypto futures Ludomania. After the apartment sale. And lastly, LIBRA. 0 result, minus health, morals, and several years of life due to stress. There are a lot of beautiful messages now that so-and-so wallet made so much on memes, so-and-so wallet made so much. Newcomers do not want to invest in fundamental projects; they want to get rich. As a result, they get into risky stories and lose their deposit completely. Are there many among your acquaintances who have made good money on memes for their entire portfolio? I emphasize, on the whole portfolio of memes, and not once or twice catching the kush, which safely lost on the next bets? There was leveraged futures trading that zeroed out newbies with no experience, now memes. The alt season is a bit delayed because if you analyze the wallets, liquidity flows to the 1% of crypto people. And regular fundamental alts are not growing as there is trivially no buyer right now. As I said earlier, when Bitcoin hits 120-140k. 130-150k, there will be massive profit taking, and more institutional capital will come in. Many people will start to move, and that's where the fundamentals will be bought up, which will cause the emergence of new retail on the crypto market. But there's something else that needs to happen here. The masses must be disappointed in memes and lose even more money so that the “new money” will go to the fundamental projects and not to phantoms. Can I make money from memes? Yes, you can. But remember, you are not an investor here; you are just playing in a crypto casino. Want more? Everything is in the link below the chart Best Regards EXCAVO
Overnight gold prices once again rebounded from the lowest position. The lowest touched 2900. There were a lot of data news released in the early morning. This gave gold prices a certain degree of rebound opportunities. The highest impact reached 2930, but then it fell sharply, the lowest to 2905. It has now returned to the normal level of 2914. From the big trend. The long-short conversion has become a foregone conclusion. The operation suggestion is to sell high. Of course, if the sudden news distorts the market trend, there is an exception. Gold prices continued to fall again following my instructions, reaching a minimum of 2890, forming a double bottom structure at the bottom. There are currently no major factors driving gold prices down in terms of news. Therefore, the current pullback is just a correction, so there is a probability of a sharp rebound after the double bottom support. Focus on the rebound range of 2900-2912. Operation suggestions: Mainly long.
https://www.tradingview.com/x/GwKZKuY3/ This is a risky and a bit scary trade.. because the Chinese stocks has been strong as demonstrated by the HK50 or BABA. I do feel that the market is slightly climactic.. Taking a short with PUTS JD 250321P43 @ 3.08
Key Points: * Break of Rising Trendline: Clear break below established uptrend. * Breach of 2,920.00 Support: Significant level broken. * Bearish Momentum: Strong downward price action. * Target: 2,874.39: Next support level. * 4-Hour Timeframe: Analysis based on this timeframe.
So these are the support and resistant points for $QQQ. Bounce off on these areas can initiate long or short positions. I see IV is high today for QQQ in the opening. Maybe I will wait till the afternoon for options. If yall want me to post this every morning 9.30am please boost and follow me, so i know it is valuable for yall. Thank you
Bitcoin has formed a double top and is pulling back. The marked zone has broken out strongly, increasing the chances of an upward move. However, I expect it to range heavily rather than move sharply. I’ve analyzed different scenarios.
Hello Traders! Is there really anyone panicking over this correction? Not me. I'm preparing for a buy at the Weekly Demand area you can see on the chart. The bull cycle is not done by any means. We're still in a bullish wave count, the only thing is that after this accummulation the market FAILED to do sort of a triangle correction in the form of ABCDE, thus invalidating my first idea. For me now this is the new wave count I'm seeing and its a better one, we'll get a deep discount in Bitcoin (for the long HODLers) and a great upcoming trade for us traders! Let's talk Futures now, or my take on the COT report as per usual. Comercials (big players) are getting bullish Fund managers are getting bearish, which is good. On the futures chart, there was a huge gap between 80.500 and 77.500 that needed to be filled. With this, makes sense that market is correcting to fill this gap. + Plus: Fear & Greed indicator is at 21 FEAR from 25 FEAR (yesterday) Conclusion: WE ARE GOING LONG. Trade safe, AlbertFX99
Referring to the previous analysis, BTCUSD remains in a dominant bearish trend, currently testing a critical support zone at the lower boundary of the double channel pattern. If the $86K level holds as a support, a potential short-term bullish retracement towards the upper boundary of the double channel at $96.8K may occur. However, failure to sustain above $86K could trigger further downside pressure, with the next key support levels positioned at the Fibonacci retracement level of $74.6K. In a worst-case scenario, a deeper breakdown could drive BTCUSD towards the major support at GETTEX:52K , a historically significant demand zone within the long-term market structure. Traders and investors should closely monitor price action and volume dynamics around these critical levels to anticipate the next potential move. Previous analysis