Hopefully this healthy pullback will give fuel to reach ATH in Q1 2025
Good Morning, Trading Family! What’s Next for BTC: $99K or $84K? Here’s the game plan: if BTC corrects up to $93K, $94K, or $96K, it could then pull back down to the $84K marker. But if BTC breaks $96K, we could see it climb to $99K. This Sunday, I’m hosting a webinar on how emotions can hurt your trading and how to take control of your mindset for better results. Send me a message or check out my profile for details. If this added value to your trading, like, comment, and share it with someone who needs it. Kris/Mindbloome Exchange Trade What You See
ETHEREUM price seems to exhibit signs of overall bullish momentum as the price action may form a credible Higher Low on key Fibonacci levels. Trade Plan : Entry @ 3051.95 Stop Loss @ 2050 TP 1 @ 4053.9
Bull market judgment: Bitcoin holds the key 90K support level while long-term moving averages signal buy, which gives hope for a bull recovery. A break above 95K could trigger a rally to 100K and higher, especially when volume confirms buyer strength. Oscillator signals combined with solid historical support suggest that bulls may still have a chance to regain momentum. Bear market judgment: With short-term moving averages and momentum indicators firmly in the sell zone, Bitcoin faces significant bear market pressure. Failure to maintain the 93K position could lead to a sharp decline, with the target possibly being 90K or lower. The lack of strong recovery signals and resistance near 95K shows that bears are still firmly in control of market direction.
Watch for breakout or trading within triangle zone.
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The JPY/USD pair is showing signs of a major trend reversal, with a potential double top pattern forming. While there was a bullish trend earlier, it officially ended with the penetration of the trendline in early August 2024, marking the shift to a potential bearish structure. Currently, the market appears to be in the second leg of the double top, signaling the possibility of a major reversal. This setup could take one of three forms: • A higher high double top, indicating a false breakout. • A lower high double top, confirming weaker buying momentum. • A double top with equal highs, aligning with a classical reversal pattern. Key Observations 1. Resistance Zone Around 160 Price is expected to test the resistance zone near 160, which aligns with the potential peak of the double top. Traders should look for a rejection signal to confirm the resistance level's strength. 2. Wedge Blow-Off Above the Upper Channel Line The first sign of a reversal may be a blow-off in the wedge pattern, as the price moves above the upper channel line. This would indicate exhaustion in the upward momentum and the beginning of a bearish reversal. 3. Retest or Pullback Scenarios o If the price breaks through the resistance zone, wait for a retest of the 160 level to confirm it as a false breakout. o If the price starts to decline without reaching the resistance zone, traders should watch for a pullback to the EMAs. A death cross—where the 20 EMA crosses below the 50 EMA—will provide further confirmation of bearish momentum. 4. Trading Range and Micro Double Top Formation The price may enter a trading range after rejection at the resistance zone or following a breakout. Within this range, we can expect the development of a micro double top pattern, which could serve as a precursor to further downside. This setup would reinforce bearish momentum and provide additional entry opportunities. Target Levels 1. First Target – 150 Zone The initial target lies near the 150 level, which aligns with a key Fibonacci retracement. At this zone, we can expect a pullback before further downside. o If the 150 zone is penetrated, traders should move their stop-loss to the pullback level for protection. o Additionally, traders may choose to add to their existing short positions during the pullback, depending on the structure of the retracement. 2. Second Target – Beginning of the Wedge The final target for the double top setup is the beginning of the wedge pattern, representing a major support level and the structural low before the second leg formed. Strategy Recommendations • Entry Points: Monitor price action closely around the 160 resistance zone. Rejection at this level would strongly support the double top scenario. • Pullback Entry: If a wedge blow-off or initial decline occurs, consider entering short positions during pullbacks to the EMAs, especially as the 20 EMA crosses below the 50 EMA. • Stop-Loss Management: Use a trailing stop to protect profits as the price moves toward target levels. Adjust stop-loss levels after pullbacks, particularly after penetration of the 150 zone. • Second Entry Opportunity: Look for a second short entry after pullbacks to the EMAs to strengthen your position. The JPY/USD pair offers a compelling setup for a major trend reversal, supported by clear technical signals. The current price action suggests a second leg of the double top is forming, and traders should remain vigilant around the 160 resistance zone. With the 150 zone as the initial target and the wedge’s starting point as the final target, traders can capitalize on multiple opportunities by combining pullback entries, stop-loss adjustments, and trailing stops to effectively manage risk and maximize potential gains.
https://www.tradingview.com/x/01cerZKN/ My dear followers, This is my opinion on the EURJPY next move: The asset is approaching an important pivot point 160.48 Bias - Bullish Safe Stop Loss - 159.81 Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 161.71 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Actually overall of the trend is bearish but the thing is that still on bullish on a short time so after then we are going for British back to 40,000
Gold ( OANDA:XAUUSD ) is moving in the Support zone($2,671-$2,653) and managed to break the Support line . According to the theory of Elliott waves , Gold seems to have completed the Double Three Correction(WXY) . In terms of Classic Technical Analysis , the Ascending Broadening Wedge Pattern is still valid , although, after the announcement of US rates , this pattern was slightly challenged. Also, we can see the Regular Divergence(RD-) between Consecutive Peaks. I think Gold will fall to at least $2,651 in the coming hours. This week, US indexes can affect the Gold trend , so be careful about your positions when the index is published. The most important economic indexes of the US this week : Core PPI m/m, PPI m/m = Tue Jan 14 Core CPI m/m, CPI m/m, CPI y/y = Wed Jan 15 Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims = Thu Jan 16 ⚠️Note: If Gold goes over $2,700, we can expect more pumps⚠️ ⚠️Note: If Gold closes a 4-hour candle below 50_SMA(Daily), we can expect a break of the lower line of the wedge pattern.⚠️ ?Be sure to follow the updated ideas.? Gold Analyze ( XAUUSD ), 1-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; 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.