Price was successfully bouncing off of EMA support until now I drew out the major pathways of pivot for a better understanding of what price will most likely do next As we analyze these pivots you'll notice that buyer become weaker in each wave giving sellers the opportunity for deeper corrections The last wave (3) had a correction so deep that it basically used the top of wave 2 for support (SnR) Seeing this will give us the idea that sellers will most likely look to head back to that major pivot as wave 4 barley made a Higher High creating divergence, and has already broke below the high of the last wave The next steps I would like to see price action inch its way up to somewhat fill the gap above to only see further selling towards $100 - $97 area. Note: This is a price action/wave analysis, the purpose of doing this is to have another perspective without having to rely on a chart pattern When we look at it this way we can have a better anticipation on what buyers are going to do next.
ETHUSDT Perpetual Swap Contract (4H - OKX) Analysis 1. Trend Analysis Sideways / Range-bound Movement: The chart shows ETH moving within a range, struggling to establish a clear directional trend. Prices are oscillating between 3,051.66 USDT (support) and 3,543.49 USDT (resistance), indicating consolidation. The EMA 20 and EMA 50 are intertwined, showing indecision in the market without a definitive trend direction. Potential for Short-term Bullish Move: A recent bounce from the 3,051.66 USDT support suggests buying interest at lower levels. If ETH can break and sustain above the EMA 50, there could be a short-term bullish move towards the upper resistance levels. 2. Key Resistance & Support Levels Resistance Levels: 3,225.47 USDT (EMA 50) → Immediate resistance that needs to be overcome for a bullish scenario. 3,269.51 - 3,343.83 USDT → Mid-range resistance zone, aligns with Fibonacci retracement levels. 3,543.49 USDT → Major resistance and supply zone; a break above this could signal a broader bullish trend. Support Levels: 3,192.32 USDT → Near-term support; if this holds, it could act as a base for further upside. 3,051.66 USDT → Critical support; losing this level may lead to a deeper correction. 2,901.77 USDT (Stop-loss level) → Key support below the demand zone; breaking this could trigger further selling pressure. 3. Concerns & Risks Range-bound Nature: ETH is currently consolidating without a clear trend, which could lead to false breakouts or breakdowns. Traders should be cautious of range trading and potential whipsaws. Volume Analysis: Volume appears inconsistent; significant moves need to be backed by increased volume for credibility. Low volume during breakouts could indicate a lack of commitment from buyers or sellers. Multiple Supply Zones Overhead: Several resistance zones between 3,225.47 USDT and 3,543.49 USDT could cap upward momentum. Failure to break these resistance levels convincingly may lead to continued range-bound movement. Stochastic Indicator (STOCH): If overbought, it could signal a potential pullback; if oversold, a bounce may be expected. Observing stochastic behavior near key support/resistance will provide clues for entry and exit. Trading Strategy ✅ Long Strategy (Bullish Case) Entry: Above 3,225.47 USDT (EMA 50) Target 1: 3,269.51 USDT (TP3 Level) Target 2: 3,343.83 USDT (Fibonacci 0.786) Target 3: 3,543.49 USDT (Major Resistance) Stop-Loss: Below 3,051.66 USDT for a conservative approach, or 2,901.77 USDT for a more aggressive risk. ✅ Short Strategy (Bearish Case) Entry: If ETH rejects at 3,225.47 USDT or 3,343.83 USDT. Target 1: 3,142.37 USDT Target 2: 3,051.66 USDT (Major Support) Target 3: 2,901.77 USDT (Stop-loss Zone) Stop-Loss: Above 3,343.83 USDT if shorting near resistance. ? Summary: ETH is currently range-bound, trading between 3,051.66 USDT and 3,543.49 USDT. A breakout above 3,225.47 USDT could lead to further upside, targeting 3,543.49 USDT. If unable to hold support at 3,051.66 USDT, further downside to 2,901.77 USDT is possible. Monitor volume and stochastic indicator for clearer signals. ? Recommendation: Focus on the break of key levels (3,225.47 USDT and 3,543.49 USDT) for direction. Use tight stops in this range-bound market to minimize risk. ?
Elliot wave counts from one year back makes it clear we are at the end of 5 wave. This cycle is mainly driven by US economy, all moves comes during US trading hours. There is very little retail participation in bitcoin trades, they are all in meme coins and altcoins. There is bearish sentiment in retail participants, but extremely bullish sentiment in US cooperate buyers, esp Micheal Saylor and others. Fundamentally also Trump trade is over. What trump did was to ease regulation which takes time to reflect in the market. His bitcoin reserve regulation does not buy bitcoins from market. In addition, by way of launching several meme coins he made his intentions clear (To extract as much money as possible from retail investors). Lower time frame chart wise it made an SFP or Swing failure pattern, made new lower highs and lows. Supposedly good news did not make into rallies. In Macro, central banks are re tightening monetary policy across the board. It seems only Saylor is buying bitcoin to avoid it crashing and closing below support. How long can he do that. He is also doing it by issuing more and more debt. More bitcoins he buys in these prices his average buy price increases. Closing and trading below his avg price for longer can make MicroStrategy bankrupt which would be disastrous to bitcoin.
CAPITALCOM:GOLD My Gold Trading Plan If H1/H4 Candle Breakout Green Resistant most probability market uptrend If H1/H4 Candle Breakdown Red Support most probability market downtrend
Alert set @$77.38 for Fib GP break Stock back inside the 2024 Candle Downtrend Break
Hello Traders, as explained on the chart, this is a prime setup for me with a clean range to the left, 45-50 pip tradable range and a break and close below a key level with bearish volume accumulating. Great R:R opportunity!
Im expecting price to take of the previous high which is 2790.. Im all long on gold
BTCUSDT Perpetual Swap Contract (4H - OKX) Analysis 1. Trend Analysis Potential Reversal / Bullish Momentum: The price has bounced from a demand zone around 97,737.7 USDT. A Break of Structure (BOS) has occurred, indicating a possible trend shift. The price is now trading above EMA 20 and EMA 50, signaling potential upside continuation. If the price can hold above these EMAs, we may see further bullish movement. Short-term Uptrend Formation: The price has moved above key moving averages (EMA 20 and EMA 50) and is attempting to break the EMA 100. If the price can break and sustain above 104,099.9 USDT, it could confirm an uptrend towards key Fibonacci levels. 2. Key Resistance & Support Levels Resistance Levels: 105,154.5 USDT → This is a strong resistance zone that aligns with EMA 100 and previous price reactions. 107,375.0 USDT (Fibonacci 0.786 level) → If BTC breaks above 105K, this could be the next upside target. 108,700.9 - 109,539.0 USDT → A major supply zone that could act as strong resistance. Support Levels: 102,421.5 USDT (TP1 Level) → If BTC fails to sustain above this, it could revisit lower levels. 100,792.5 - 100,531.5 USDT → A critical support area. Losing this level could bring BTC back to its demand zone. 97,737.7 USDT (Demand Zone) → If BTC retraces further, this is the key level where strong buying interest previously emerged. 3. Concerns & Risks Overhead Resistance at 105,000 - 109,500 USDT: BTC needs to break above 105K with strong volume to confirm a bullish reversal. If it fails, the price could reject and revisit 100K or lower. Possible Fakeout / False Breakout: If the price breaks above resistance but lacks volume, it might trap longs and fall back into the lower range. EMA 100 as Dynamic Resistance: Currently, BTC is testing the EMA 100; a rejection here could signal a short-term pullback. Volume Confirmation Needed: The price is attempting to break resistance, but if volume does not increase, this could signal a weakening move. Trading Strategy ✅ Long Strategy (Bullish Case) Entry: Above 103,868.3 USDT (TP2 Level) Target 1: 105,315.1 USDT (Fibonacci 0.618) Target 2: 107,375.0 USDT (Fibonacci 0.786) Target 3: 109,539.0 USDT (Final TP Level) Stop-Loss: Below 100,792.5 USDT ✅ Short Strategy (Bearish Case) Entry: If BTC fails to break 105,000 USDT and gets rejected. Target 1: 102,500 USDT Target 2: 100,792.5 USDT Target 3: 97,737.7 USDT (Demand Zone) Stop-Loss: Above 106,000 USDT if shorting near resistance. ? Summary: BTC has bounced from the demand zone and is showing short-term bullish strength. A breakout above 105,000 USDT could confirm an uptrend, targeting 107,000 - 109,500 USDT. Failure to break 105K could result in a pullback towards 100K or lower. Watch volume and EMA 100 interaction for confirmation. ? Recommendation: Monitor BTC at 105K closely—a breakout could send prices higher, while rejection could mean a retest of 100K levels. ?
Bottom of trading range. Great entry with small stop loss percentage
TLI wait for upward break out. Fundamental Ok. Now pennant wait for upward break out strong buy.