The price perfectly fulfilled my previous idea. It almost reached the target. OANDA:XAUUSD bounced off the swap zone and is moving toward the resistance zone. With the FED rate decision today, we can expect increased volatility in the markets. On the daily timeframe, the price has formed an inside bar pattern. A breakout above the Monday high or below the Monday low is likely to determine the next move. I anticipate that today could see significant swings, and I expect the price to move higher, potentially testing the all-time high level. If the price closes above 2790, we could see a continuation of the current trend. Conversely, if the price forms a false breakout of the resistance zone, we may experience some sell-offs in the market. Overall, I expect the price to move toward the liquidity above the ATH level. My goal is resistance zone around 2800 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
Hey Traders, Looking at the USD/CHF H4 chart, here's my technical analysis: Observations: 1. Descending Channel: - The pair is currently trading within a well-defined descending channel, indicating bearish momentum. - The price recently touched the upper boundary of the channel and appears to be pulling back. 2. Key Levels - Support Zone (Red Box): Around 0.8965, coinciding with the 0.50 Fibonacci retracement, acting as a strong potential demand zone. - Resistance Zone (Red Line): Near 0.9140, where previous price reactions and the channel's upper boundary converge. 3. Potential Scenarios: - Bullish Breakout: If the price breaks above the descending channel and clears 0.9140, it could signal a reversal to the upside. - Bearish Continuation: If rejection continues at the upper boundary, the price may head toward the 0.8965 zone, potentially retesting the 0.50 Fibonacci level or even lower near 0.8840 (0.236 Fibonacci). ### My Thoughts: This setup currently favors short-term bearish momentum unless a breakout above 0.9140 occurs. A sell opportunity may arise on rejection near the current level, while a clean break out of the descending channel offers a potential bullish reversal signal.
My latest deep dive into the Bitcoin market cycles has led me to an intriguing observation: the use of ark-shaped trend lines could be pivotal in navigating this segment of the cycle. The Wychoff markup phase In my article, I explore how these curves can be applied to understand the price dynamics better. The essence of this approach lies in recognizing that Bitcoin's price movement doesn't always follow straight lines but can often mimic the natural flow of an arc. This method helps in identifying potential entry and exit points, as well as understanding the broader market sentiment. The article by x@leomathheart based on Wyckoff cycles delves into: Historical Data Analysis: Comparing current market trends with past cycles to validate the effectiveness of ark-shaped trend lines. Predictive Modeling: How these trends can forecast potential price movements, offering a strategic advantage. Practical Application: Real-life examples where these trends have been or could be applied for maximum benefit.
Total2 vs BTC Excluding Stable Coins. BTC against the market ommitign stable coins
The risk-off sentiment in the market could persist, as China's economic situation remains uncertain despite hitting its growth target. There have been multiple instances where China's reported data lacked transparency. However, with Trump's return and the implementation of tariffs starting February 1st, China’s economy could take a hit. Naturally, the Australian dollar, as a key supplier of raw materials to China, might come under pressure. My trading strategy is based on the main trend, which is driven by macroeconomic analysis and news events. Sometimes my swing trades extend over the long term, while other times, they play out more quickly. Let’s see how this one unfolds!
FX:XAUUSD Gold hidden head and shoulder! Let me know what is your thought. The overbuy area shows a rapid fall for a while. The target is cleared in the analysis.
This forecast is based on cyclical patterns that aim to identify potential price reversal TIMES only. The indicator does not predict exact price levels or direction of movement.
BINANCE:VTHOUSDT VTHOUSDT is crafting a rounded bottom which is of course a bullish pattern! we can expect the price to reach the following prices in the coming days! ⚠️ Disclaimer: This is not financial advice. Always manage your risks and trade responsibly. ? Follow me for daily updates, ? Comment and like to share your thoughts, ? And check the link in my bio for even more resources! Let’s navigate the markets together—join the journey today! ?✨
AVAX BTC has been in a downtrend since the last bull market peak too
Observing crude without noise and with lens of pure price action. It's the law of physics that things cannot be compressed for too long, hence I see range break soon, with bias on upside as lot of pending liquidity is there with imp FIB levels already tested.