To be fair, this could go either way. But we may have just put in Wave X its a bit early to tell, but I think we might see a move down into the Z wave pattern. I’ve been talking about a potential Bitcoin drop for a little while, its always been in the back of my mind. Anyways, the momentum indicators have aligned that could suggest that we might get that drop. On both the Daily and 4-hour charts, the stochastic RSI has turned bearish. However, the Weekly stochastic RSI is on the verge of a bullish crossover, which is why this could go either way. This scenario mirrors what’s happening across many altcoins, including Gala. There is also bearish divergence on the 4-hour charts marked above, however take this lightly as the previous high was only marginally above the previous high but it does show a loss of momentum. My Theory If we drop here this would bring the Daily RSI down to the oversold zone, potentially aligning perfectly with a bullish crossover on the Weekly RSI. I am hoping that we might witness a collapse in Bitcoin dominance as well, which would formally indicate alt season. This is a bold prediction, so let’s see how it unfolds. Key Confirmation I’m watching for a clear 4-hour candle close below the 26-day EMA (approximately $0.04181). If this happens, it would strengthen my confidence that the Z wave is playing out as anticipated.
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 8x new trade setups this morning. As usual, you can read my notes on the charts for my thoughts on these setups. The trades being a AUD/USD Buy, EUR/USD Buy, GBP/USD Buy & NZD/USD Buy. I also discuss some trade management. Enjoy the day all. Cheers. Jim
MIL:GOAT pulled up 62% off the lows, and it's now retracing as Bitcoin dominance rises up. Level that we're watching now for potential bounce is around 0.45 to 0.42 (4H demand) We'll be looking to long at this area, targeting .60s-.70s
AMD continued pushing higher today, alongside NVDA, after gaining $28+ per share over the past 2 trading sessions. The partnership with StradVision on providing chips to support their Perception Based Autonomous AI Systems with the goal of delivering high-performance perception solutions for automated driving systems. Looking for a potential entry around $128.90 with at least a $133.42 Short-Term Price Target, but retesting $144.36, it's most recent High that it tested at the beginning of December 2024. Will setting our Stop Loss around $127.40 moving forward if we're able to obtain a slight pullback to get that $128 entry. Follow us for more to connect and stay tuned with more at MyMI Wallet. @MyMIWallet #MyMIWallet
Hey Trado, I've analyzed a bullish candle pattern for today where the candle body is greater than 1.5%. I checked the last 31 occurrences of this pattern on the chart, and here are the results: New Positive Candle: 71% of occurrences resulted in a new positive candle following the pattern. 50 Points Above Pattern Open: 71% of occurrences reached at least 50 points above the pattern's open price. 100 Points Above Pattern Open: 71% of occurrences reached at least 100 points above the pattern's open price. 200 Points Above Pattern Open: 61% of occurrences reached at least 200 points above the pattern's open price. Please see the chart below for a visual representation of this pattern and the results. Thanks!
⚡️It would seem, how is this possible?from 100,000 to 300,000 in such a short period?but we remember that everything is relative. After all, it was once from 6,000 to 18,000 and from 20,000 to 60,000. I think this is possible, given that we now have ETF and Trump with Musk ?????????How do you like that??
The price has reached an all time high (ATH), setting a new record. After hitting this peak, the price then pulled back and found support, where it experienced a strong rejection and is now starting to rise again. This upward movement indicates a potential continuation of the bullish trend. However, I am closely monitoring the resistance level, where I believe there may be an opportunity to sell. As the price approaches this level, I anticipate a potential reversal or consolidation, making it an ideal time to look for a selling opportunity. This analysis is based on Smart Money Concepts (SMC) and price action principles. Time Frame: 1H Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. #BTCUSD 1H Technical Analyze Expected Move.
USDCHF is currently trading near a significant resistance zone, as highlighted in the chart. This area coincides with a prior supply zone that has historically acted as a reversal point. The structure suggests that sellers may step in, pushing the price lower. If the pair confirms rejection from the resistance, we could see price drop towards 0.89420. If you agree with this analysis or have any additional insights, feel free to share your thoughts in the comments!
MSTR had a strong bounce off the $300 Price Levels of Support in it's last trading session, with it contiinuing to push higher going into the Pre-Market Session/Intraday Session, gaining another $29.24/share by Market Close at $379.09. A total of $33+ at it's Intraday High. $378.40 was a previous Level of Support so really interested to see how it reacts to those levels going into to Tomorrow's Market Open. Looking to see if that previous support turns into resistance, providing another opportunity to buy-in on a potential buy-in around the $349.99 Levels. With Bitcoin is back above $100K, sitting at $102,054 but potentially retesting $100K again, could also encourage another opportunity to get in on MSTR. Buy Limit set with a Stop Loss of $347.38 on this trade and a Price Target of $415.68. Follow us to stay tuned for even more at MyMI Wallet! @MyMIWallet #MyMIWallet
As I stated in my earlier analysis, rejections come from predictable levels, so it shouldn't come as a surprise that, today's pump ran into resistance at the 1.618 Fibonacci extension. The big question now is: What comes next? Once Bitcoin bulls regain momentum, push past this resistance, and return to price discovery with new all-time highs, the next levels of resistance are just as predictable. Key Levels to Watch: 110K – Psychological Resistance, but don't expect it to hold Why it Matters: Round numbers like 110K often act as psychological barriers where traders take profits. 122.5K – Measured Move from the Cup & Handle Why it Matters: This technical target aligns with the bullish Cup & Handle pattern currently playing out. It’s a critical level to watch, though it may not hold as the final cycle top. Lifetime Channel Why it Matters: If Bitcoin continues climbing, the lower end of the Lifetime Channel becomes a likely candidate for the next major resistance. I consider this to be the “glass ceiling” on price discovery. If BTC bulls can reclaim that channel, 7 figure BTC becomes a realistic target in the next 10 years. Fibonacci Extensions Targets to Watch: The 2.618, 3.618, and 4.618 Fib levels represent technical resistance zones. I personally view those last 2 upper Fib levels as lower probability extremes, but I never rule anything out of the Wild West of Crypto. The exact level this cycle tops at depends on the timing and the specific factors that are influencing price action at that time. My Take: Where Does the Cycle Top Live? While 122.5K is a key target, the cycle top could extend closer to the 150K range, with a possibility of testing the Lifetime Channel or higher Fibonacci levels. The market will ultimately decide, but understanding these predictable levels can help traders stay ahead of the curve. Up Only Doesn't Exist: While I am MACRO bullish on BTC and it's fun to talk about massive upside targets, don't allow yourself to buy into the so called "up only" narrative. Somewhere along the way, there will be one or more deep corrections in the 20% - 50% range. Don't let that correction become your liquidation event! What’s Your Cycle Top Target? Where do you think Bitcoin’s bull run will peak, and why? Let me know in the comments.