Just some thoughts on BTC: This bull market has seen a lot of choppy side-ways corrections. I think that we finish one out here, too. If we survive 92k again here, I think that we can possibly do another fake-out to the upside, perhaps slightly overshoot our current highs or match them. Then we would yet again go and hit the bull market trendline that has been tested 3x already. The same bull market trendline where the corrections have landed each time for this cycle. Then we would head toward the BTC top later this year, where we would then have our alt season into the BTC top.
Silver's price appears to be resuming its downward movement. After consolidating within a parallel rising channel, it has broken through both a key support level and the channel's support line. This breakout has formed an expanding supply zone, defined by the horizontal support and the channel's support line. A further decline seems likely, with the next support level around 31.00.
Slowly but surely, Monero should reach $2,000 as a minimum target over the next several months. There’s not much else to say, the Elliott Wave count does the talking. Let me know what you think. Good luck!
EURAUD possible sell after the price pullback up to the 38.2 fib level and close blow the red strong resistance level . Good LUck
⌛️ 1-Hour Timeframe If you entered a position yesterday on the price pullback to the 97218 zone, you're now in profit. If your position has a risk-to-reward ratio of 2 or higher, I recommend securing some profits. Otherwise, if you want to keep your position open, watch the 98903–99946 range, and if the price gets rejected from this area, secure your profits. ? We also have new trade setups for today, with two triggers for long and two for short, either of which could activate. For a long position, a breakout of 98903 or 99946 is suitable. The 98903 breakout is riskier since we’d be entering a long position within a resistance zone, while the 99946 breakout may be difficult to enter as it might not provide a strong confirmation candle but is a safer long entry. ? The key resistance above these two triggers is 101819, which can be used as a target. A breakout above 64.74 in the RSI would also serve as a momentum confirmation. ? For short positions, the first trigger is a breakdown of 97218, which has acted as a strong minor support. If we see a reaction here, this level will be confirmed, and on a second test, we can enter a short position. A breakdown of the 50 level in the RSI would confirm this setup. However, this is a risky trade, so it should be taken with minimal exposure. ✔️ The next key level is 95797, which has seen multiple price reactions. If the price forms a lower high below 101819, the chances of breaking this level increase. The target for this short setup is 92700. ? BTC.D Analysis Yesterday, I mentioned that if Bitcoin dominance stabilized below 61.34, long positions on altcoins would be more logical, which played out as altcoins outperformed Bitcoin. ✨ Today, if BTC.D remains below 61.06, it could indicate a trend shift in higher timeframes. Conversely, if it reclaims 61.34, Bitcoin could once again be the better choice for long positions in a bullish market. https://www.tradingview.com/x/0CGHGbST/ ⌛️ Total2 Analysis Total2 triggered its setup alongside Bitcoin and is now testing the 1.24 zone. The only long trigger at the moment is a breakout of 1.24. However, keep in mind that the primary trigger was at 1.22, and the next major trigger is at 1.28, making any long entry now quite risky. Personally, I wouldn’t take this trade. ? For short positions, wait for the price to drop back below 1.22, then use Dow Theory and a break of the newly formed low as a short entry trigger. https://www.tradingview.com/x/7cMUS6DN/ ⌛️ USDT.D Analysis Now, let’s analyze USDT.D. This index began its decline after breaking 4.51 and retesting it. The next trigger is at 4.41, and if it breaks, we can expect a further drop to 4.22. ? On the other hand, if it reclaims 4.51 and moves toward 4.64, it could increase the likelihood of Bitcoin’s 97218 short trigger being activated. If USDT dominance rises, the target will be 4.64. https://www.tradingview.com/x/ckORxiRG/ ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own analysis before opening any position.
This is a continuation of my recent first TV post a couple weeks ago. It looks even better confirmed now that the 208 area was our short to intermediate term top in cattle. There is a possibility it was THE top, if we close below our 189 wave 1 area, especially on a weekly basis for conservative confirmation. Then it'd be 2015 all over again, the likely confirmed end of the larger cattle bull cycle. My preferred take is still for new all-time highs later this year though. We were extremely overbought, the funds at record long, and technical indicators all showing us we were due for a notable top and heavy correction. Here we have been getting the hard down the last couple weeks. I feel that today's 38.2% retracement back to the 8/21/24 low at 195.50 is a good area to look for some interim strength, or at least basing. This wave 4 down is likely to be complex and longer-driven, as wave 2 was a simple zigzag and short and to the point. It's quite possible we drag this thing out until sometime in April for a seasonally weaker time frame, before making a final 5th wave up. Seasonality and some other indication points to a possible major trend change in September of this year, so that's possibly when we finally drag out the top wave 5 in? It could be quite a bit sooner though too. I still like the idea of the 220 area in the longterm, and it's still possible with EW technicals, as although wave 5 would be "longer than the norm" when wave 3 is extended (it looks to have been), wave 5 could still be 0.618 of wave 1+3 which would get you around that 220 area if we do indeed drop down to the 190 area for wave 4. It could also be shallower than that, but it's likely to be complex like a flat or triangle in here either way. My related post: https://www.tradingview.com/chart/LE1!/s2D2tWla-Overdue-for-a-strong-correction-before-higher-yet/ https://www.tradingview.com/chart/LE1!/s2D2tWla-Overdue-for-a-strong-correction-before-higher-yet/
Crypto continuing its corrective patterns and so you shouldn’t expect anything different for COIN. DMI showing strong bearish sentiment and a zigzag takes price to the gap that will likely fill. Look for a bullish divergence and gap fill before going long on this one. Be patient and stick to your conditions. An opportunity is coming.
I would love to see a PO3 as the last move before the weekly cycle low. That would be three great trades, but let's see what happens.
With bitcoin developing inside this Parallel Channel since November 2024. We observe the sell side liquidity being taken on 25th Jan which triggers an automatic reaction to complete the Wyckoff cycle. I will be looking short towards the low of the structure as a target but keep in mind the weekly demand sat at 69k. this short is a build up for the next leg up. "We are not in a bear market. think of this as a necessary correction!" Please bear in mind that this is not financial advice. I am only sharing my analysis and observations? Happy hunting!
Gold has reached a key daily resistance level at a rising trend line. After a strong bullish rally, the market seems overbought, and the formation of a cup and handle pattern on the 1-hour chart suggests weakening buyer momentum in the near term. I anticipate a pullback to 2880.