once this trendline is broken, expect a big crash to the next trend around 300
As I expected , Bitcoin ( BINANCE:BTCUSDT ) continued to fall to the Support zone($101,280-$99,500) , and it even seems that it has broken . Bitcoin is moving near the Support zone($101,280-$99,500) , a set of support lines , the 50_SMA(Daily) , and the Monthly Pivot Point . According to the theory of Elliott waves , Bitcoin seems to have completed the main wave 3 and is completing the main wave 4 . I expect Bitcoin to follow the Roadmap I outlined in my chart in the coming hours . Because Bitcoin is near the set of support parameters , I chose the label of this idea as LONG . Note: Like the previous Mondays, the purchase MicroStrategy company continues buying Bitcoin=>"MicroStrategy Buys 10,107 Bitcoin For $1.1 Billion." Note: If Bitcoin can touch $104,200, it will fill the CME Gap($105,500-$104,695) in the next step, and it is possible to form a new All-Time High(ATH). Note: If Bitcoin goes below $95,000, we should expect more corrections from Bitcoin. Has the main Correction of Bitcoin started!? Please share your ideas in the comments. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button ?? & Share it with your friends; thanks, and Trade safe.
Hello traders Hope everyone is okay here's my idea on BTCUSD, what you think on it? share your thoughts on it in comment section with your knowledge. BTCUSD is now running at the 99000 that is a major support area, BTCUSD should go up from this zone but if it break the support 98500/97300 then will reach to an other support 92400/91200 and traders if BTCUSD don't break support then will go up till the first resistance 101700/102300 and then next target of BTCUSD will be 10500/106500.. Key Points Current price 99000 Resistance 1 101700/102300 Resistance 2 105000/106500 Support 1 98500/97300 Support 2 92400/91200 Feel free to boost my charts and don't forget to follow support and share my idea with your friends
Honestly, there’s not much to dissect here. The -0.28 resistance line lined up perfectly with the all-time low/opening price, and anyone familiar with range-spiking and fake-outs probably saw the potential for a strong bounce. But let’s call it what it was: a dud. That bounce couldn’t even muster a new micro higher high—a textbook weak move. So, this new lower low? It’s no surprise to anyone paying attention. For me, buying above the $15.1 mark is completely off the table. In fact, I’m eyeing a quick short if Trumpcoin decides to fake out one last push to the upside before what’s clearly shaping up to be capitulation. Remember: the market doesn’t reward hope—it rewards strategy. Watch, wait, win.
My over all analysis is bullish for sp500. On a technical basis, it came out of down trend , & is near my 50% fib Retracement. The overall trend of sp500 has been bullish so I’m seeing sp500 creating all time highs. Fundamental news will confirm entry’s for buys.
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As Nifty Spirals down in a full flow investors have following questions in mind: Q1 Where is the bottom? Q2 How much more pain left in the system? Q3 When will the recovery start? Answer to all the questions is interlinked. Answer 1) Predicting exact top and exact bottom is very difficult but with MMI at 23.71 it is clear that extreme fear has gripped investors. Those who invest during extreme fear zone make profit in a long run that is very clear cut long term scenario. FII have withdrawn enmasse in search of greener pastures. HNI investors and retail investors are worried that FII is going away. Also they feel the fear of increased taxation while budget 2025 is about to arrive supports for Nifty which can act as bottom are at 22740 (near lower bandwidth of bollinger band), 22465, 22175 and 21886 (Channel bottom support). Any of these levels as of now can act as support for Nifty. Answer 2) As the levels suggest short covering can happen anytime alter this week as market looks oversold. Current RSI 28.66 is and RSI support is at 22. So we can expect a technical bounce upto 23K or 23.2K any time soon. Only if the Nifty closes 23550 we can see a momentum build up which can take Nifty further up towards 24K or 24.2K as of now. Answer 3) Short term recovery can start very soon probably later this week. Long term recovery and march towards 25K or 25K+ will take some time and might start in end of Q1 or mid Q2 2025. As per the charts.
On this 4-hour BTC/USD chart, we observe a liquidity hunt above recent highs, followed by a drop toward the Fair Value Gap (FVG) around the $94,000-$96,000 range. This zone, combined with the 200 EMA acting as potential dynamic support, could serve as an accumulation area. The market structure break (MSB) highlights a shift in momentum, suggesting a possible move to the upside. If the FVG zone holds, BTC could aim for the liquidity above $102,000, aligning with prior imbalance. However, this is a technical analysis and not a guaranteed outcome. The market could react differently based on upcoming news and events. Monitor closely for price action confirmation before making any decisions.
Key Observations: Chart Type: This appears to be a 5-minute chart for EUR/CAD. Moving Averages (MA): 21-period MA (orange line): Tracks shorter-term price trends. 200-period MA (green line): Represents a longer-term trend. Current price is above both moving averages, indicating an upward trend. Price Levels: Current Price: 1.50984. Key Resistance Levels: 1.51976 1.51489 Key Support Levels: 1.50829 1.50392 1.50344 1.49945 Indicators Used: LuxAlgo Master Pattern Indicator: Likely highlights potential reversal or continuation patterns. RSI Divergence Indicator: RSI is at 71.27, suggesting the market is in the overbought territory. Bearish divergences are marked ("Bear" labels), signaling potential weakening in bullish momentum. A "Bull" signal in the past shows prior bullish momentum. Volume: Moderate volume activity with spikes aligning with price movements. Trade Setup: Long Trade (Green Zone): Likely initiated with an entry near support levels, targeting resistance at 1.51976. Stop Loss (Red Zone): Below 1.50392. The trade seems active and nearing its target. Analysis: Trend: The overall trend is bullish, supported by higher highs and higher lows. Potential Reversal: RSI bearish divergence and overbought levels suggest caution. A pullback to support levels like 1.50829 or 1.50392 is possible. Confirmation: If the price sustains above 1.51489, the bullish trend could continue toward 1.51976. Recommendation: If already long, monitor for a breakout above 1.51489 to add positions or tighten stop losses. If considering a short, look for confirmation of bearish divergence with a break below 1.50829.
As the support has broken on DXY , now its time to pay attention to other markets follow us on telegram VIP..