Bitcoin (BTCUSD) has just reclaimed the 1D MA50 (blue trend-line) over the weekend and is so far successfully holding it below the price action, making it a Support. The exact same price action took place in January last year (2024). In fact, as these 1D charts very vividly illustrate, the whole sequence from the September 06 2024 Low to today, is very similar to the sequence from the September 11 2023 Low to (so far) January 2024. This incredible degree of symmetry is also extending to their 1D RSI and MACD fractals. The first formed Bearish Divergences under Lower Highs trend-lines, which when broken confirm the new rally, while the latter (MACD) was the early buy signal when it formed a Bullish Cross below the 0.00 mark. If BTC continues to copy the January 2024 fractal, then we should be expecting a few more days of sideways price action, that will pave the way for the new (2nd) Rally Phase of the whole pattern. The 2nd rally peaked on the 1.618 Fibonacci extension from the September 11 2023 Low, so if the pattern replication continues, we may see a peak above $150k. So do you think the early 2024 bullish break-out will be repeated? And if yes, are you expecting a peak as high as $150000? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ?????? ? ? ? ? ? ?
I think it will likely clear out those lows that I draw for liquiditypurpose
Daily CLS, Key Level - Daily ob (H1 refined) Model 1 you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. https://www.tradingview.com/x/aVeVgSeN/ CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. https://www.tradingview.com/x/C4QY64nH/ Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Hi guys today we are going to take a look into GOLD on 1H time frame which is showcasing that we are sitting on a very low RSI level making the price quite over sold. Currently I am looking for two set-ups for a reversal Entry: 2,627 Target 1: 2,640 above a strong support level Target 2: 2,665 at a weak resistance level As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
In our technical analysis of the XAU/USD (Gold Spot/U.S. Dollar) on a 1-hour timeframe. The price recently faced rejection at a resistance area, leading to a sell entry point around 2,634.207 with a stop-loss set at 2,650. The chart identifies two target levels: Target 1 at 2,617.50 and Target 2 at 2,605.50. Support areas are marked below the current price action indicating potential zones where buyers might enter the market. The analysis suggests that if the price breaks below these support areas, it could move toward the specified targets. Technical indicators suggest bearish momentum following the rejection from resistance, implying potential further downside movement within this setup. Fundamentally, traders might consider economic factors impacting gold prices such as interest rates or geopolitical tensions which can influence market sentiment and trading decisions in conjunction with this technical analysis, Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies. Please do not forget the like button, Share it with your friends thanks, and Trade safe.
Colleagues, after last reaching the 1.02213 target, I believe the downward five-wave move is not over yet. Wave “5” is not yet complete, but now the price is in the correction of the lower wave “2”. This means that the price is likely to continue the downward movement and update the low of the wave “1” 1.02213. Therefore, I believe that the price will reach the 1.02213 area again. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Buy near 2626 up to 2645 or buy near 2610 up to 2625 Mostly sideways movement expected
Some days ago, I posted to wait before you buy on 2310, but still some of the people who saw my post here and on other platforms bought and now they're in losses. The problem now is the market is coming lower and it won't go higher anytime sooner. The price now after it gave us a confirmation that it will keep coming lower, we'll expect it to go at least to 20.02 which is the point where we have our price gap that needs to be filled. Again, don't waste your money on a stock that will get you in losses. Follow for more!
I am not used to trade this forex devise but here we can see something interesting on a daily chart. We are a little bit late on this trade but still good to try again a this point. We will manage the exit closely, the final TP is the most optimitic one. Great Trade !
?Hello guys, today let's review 2h price chart for PENGU . Currently locked inside trading range expecting more range bound price action before accumulation completes later and we get another strong bull run. ?Ongoing accumulation in progress indicates further gains later this month. currently trading near range highs so no trades recommended at the market price. ?Recommended strategy bulls: bullish structure accumulation in progress. Accumulate near 0.025, TP bulls is +300%+ gains, final exit at 10 cents. good luck traders! ?Please hit the like button and ?Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.