Market Analysis: Liquidity Sweep: BTC recently grabbed sell-side liquidity around $95,215 - $95,141, triggering stop losses and gathering institutional orders. Reversal Signs: After tapping into this liquidity, a bullish reaction has started, with price now moving towards the buy-side liquidity range. Potential Upside Move: If BTC maintains support above $95,600, we can expect a push towards the $97,000 - $97,600 range. Trade Setup: ✅ Entry: $95,800 - $96,000 (After price confirmation) ? Target 1: $97,050 ? Target 2: $97,600 ? Extended Target: $98,800 (If momentum continues) ❌ Stop-Loss: Below $95,100 (Below liquidity grab zone) Trade Rationale: ? Liquidity Grab: Market makers swept stop losses, indicating potential reversal. ? Market Structure: Bullish recovery from key support zone. ? Risk-Reward Ratio: ~1:3 (low risk, high reward setup). ? Waiting for confirmation before entry! A strong bullish candle close above $96,000 can confirm entry. ? ? Let me know your thoughts! Are you bullish or bearish on BTC? ??
- Brent Crude Oil reversed from support zone - Likely to rise to resistance level 76.75 Brent Crude Oil recently reversed up from the support zone between the key support level 74.00 (former strong resistance from December), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from October. The upward reversal from this support zone stopped the previous short-term ABC correction ii from the middle of January. Given the bullish divergence on the daily Stochastic, Brent Crude Oil can be expected to rise to the next resistance level 76.75.
The 50 EMA (green line) has historically acted as dynamic support, but with price now trading below it, there is a clear shift in momentum toward the bearish side. If price fails to reclaim the 50 EMA (currently around $415-$420) and faces rejection, it could signal further downside toward the $380 support zone, making a short trade viable with a stop above $426. However, if buyers step in at $387-$390 and we see a strong bullish reaction, it could lead to a rebound toward the 50 EMA and potentially the $427-442 distribution zone. The key decision point lies in whether price can reclaim or decisively reject the 50 EMA, dictating the next major move. A clean reclaim would signal bullish continuation, while a firm rejection could confirm further downside before any recovery. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading and investing involve risk, and independent research or consultation with a professional is recommended before making any financial decisions.
The GBP/USD 15-minute chart indicates a strong uptrend, with price action forming a **Crab harmonic pattern**, suggesting a potential overextension. The pair has reached a key resistance zone at **1.26323**, aligning with significant Fibonacci levels, with the **Harmonic Optimal Point (HOP) at 1.26469** acting as a potential reversal area. If a pullback occurs, the first downside targets are 1.26127 and 1.25993 , while the ** 200 EMA ** below may provide further support. A sustained break above 1.26469 could signal continued bullish momentum. Traders should monitor price action for confirmation before positioning accordingly.
- AUDUSD broke the resistance zone - Likely to rise to resistance level 0.6400 AUDUSD currency pair recently broke the resistance zone between the key resistance level 0.6320 (which stopped the previous minor correction iv) and the 50% Fibonacci correction of the downward impulse from December. The breakout of this resistance zone accelerated the c-wave of the active ABC correction 2. AUDUSD currency pair can be expected to rise to the next resistance level 0.6400 (former strong support from April and August of 2024).
LULU is showing promising signs of a potential breakout, and the technical indicators are lining up nicely for a bullish move. RSI Oversold Conditions: The RSI has dipped into an extremely oversold zone, nearly touching critical levels. This oversold condition suggests that the selling pressure may be exhausting, potentially setting the stage for a rebound. MACD Bullish Crossover: Adding to the bullish sentiment, a clear MACD bullish crossover has been observed. This crossover typically signals a shift in momentum, bolstering the case for a reversal and subsequent upward move. Key Price Levels: Resistance & Breakout Trigger: A move above 391 is crucial. A sustained break above this level could unlock further upside, pushing the stock toward our targets. Target 1: If the bullish momentum holds, the first target is positioned at 384.35. Target 2: Should the price successfully cross above 391, the next significant target is around 396. Bearish Warning Zone: Caution is warranted if LULU falls below 353.75. A breach of this support level could signal a bearish reversal and a change in trend. In summary, the current setup on LULU presents an intriguing opportunity. With the RSI and MACD aligning to hint at a reversal, traders should watch for a decisive move above 391 to confirm the breakout. However, maintaining discipline is key—if the price slips below 353.75, it may be time to reassess the bullish stance.
Im having a hard time seeing a pattern other than this broadening channel. Originally I was long on the daily but after this has continued I’m seeing a short down to the red horizontal line. I’m in on the trade already. Good luck!!
As per usual beautiful prediction to the gap filler on NVDA. loser to the 141 filler and possible third lower high. Would definitely capitalize on that $3 dollar difference and get out until I see a down movement to retest trendline support or I see a retest to the upside. It is uncertain now. Wha is not uncertain is we will get that GAP closed.
3 touches to the upside showing consistency on rebounds at the 608/609 area. Looking for a down movement to the $603 short term Trendline support area.
Bitcoin is matching nicely with the Wyckoff distribution model 2. Phase C incoming.