Hi Trader ! ? I'm analyzing gold on the 1-hour time frame, and it appears to be forming an ascending channel. My entry is at $2,627?, aligned with the lower part of the channel, providing a solid dynamic support point. I'm using the VIP Scalping Oscillator? , which is showing some bullish strength in green, and the RSI is at 52.55, slightly in the neutral zone but indicating a potential rebound. My idea is to target a continuation within the channel towards the upper part, aiming for around $2,653. ? My stop is clearly defined in case the price breaks the channel's support, roughly at $2,596.? This trade offers a good risk-reward ratio, assuming the price respects the channel. For now, I'll monitor the price action within this structure. If the RSI approaches overbought levels or the oscillator loses strength, I might adjust my target or exit earlier ⚠️Disclaimer: This analysis is for educational and informational purposes only. It does not constitute financial advice or a recommendation to trade. All trading in financial markets carries significant risks, and it is the responsibility of each trader to assess their decisions based on their risk profile. Trade cautiously
IF BTC is in distribution up here near $100k, this is what I think the BTC price chart could play out like this year, with alts going nuts while it lingers up here, in a rotation, and then again at the end of the year (2026) when BTC retraces. Hopefully BTC isn't distributing and continues higher, but this is a distinct possibility at this point imo.
The asset has appeared to break out of the Wedge like structure with two bullish Heiken Ashi candles. Will this be enough to carry it to the 150.00$ price range, I do not know? but kindly comment below
Bitcoin delivered a Christmas milestone, breaking $100K on multiple exchanges. However, we now find ourselves in a land of limbo, with BTC trending between key pivot levels and no clear confirmation of the next major direction. Daily Chart Insights ? Momentum Turning Bullish MACD: Flipping bullish, signalling potential strength in the trend. RSI & Stochastic RSI: Both indicators suggest growing bullish momentum, showing signs of a reversal in market sentiment. ? EMA Ribbon Recovery Bitcoin’s daily candle has broken above the EMA ribbon, a key resistance zone, indicating that upward movement could gain traction if this trend holds. Outlook BTC's ability to maintain its position above the EMA ribbon and push past $100,800 will be pivotal in determining whether the bulls can regain full control. If successful, the next key level to watch is $105,720, leading to Pathway 1 for further gains.? The market sentiment is improving, but caution is key while BTC trends in this zone. Let’s see where the holiday momentum takes us! ?
Hey Guys, Been a while since our last analysis. Fortunately we have been pretty accurate so far. At this point it's really hard to tell where the avarage price trajectory will go to. Must say, at this point anything is still possible. We'll have to wait out untill USA's elected-president has been inaugurated. Green dashed lines are bullish scenarios and the red dashed lines are the bearish scenarios. This is all I can do for now. For the new people reading this, keep in mind. These are all probablities. No one has a "crystal ball". Good luck & wishing you all in advance a happy new year!
Nothing has changed in my view about gold chart and I am expecting more corrective sub-waves for its wave 4 we are in. The only concern is about wave iv and (iv) that mentioned with green arrow that can make an extension. The main point is that we are in a wave 4 correction that can prolong more than you expect. Another point that should be considered is that wave 5 is extended and it is supposed to rise roughly up to 3236 and then start to make a deep correct but THE SCENARIO for gold is BULLISH for a while.
#FTM has a particular pattern demand zone is touched and vwap is holding the price from below i think this will force the market to rise again!
Key Observations: Descending Wedge Pattern: The chart shows a descending wedge, marked by a narrowing price range between the green support line and red resistance line. This is a bullish reversal pattern. Price is currently testing the upper red resistance trendline, signaling a potential breakout. Dark Pool Levels: Key levels include: 111.76 (BA SW). 110.82 and 109.12 acting as potential support or resistance zones based on price action. These levels suggest significant institutional activity, making them critical for trade planning. Support and Resistance: Support levels: The wedge's lower green trendline near 106.28. Major dark pool support at 104 (BB SW 104). Resistance levels: 108.07 (Dark Pool Level). 111.76 and 112.00 (Dark Pool and Fibonacci target). Higher targets at 115.00, 117.50, and 120.00 (Fibonacci extensions). Trend Analysis: The price is currently near the 8 EMA and 21 EMA, suggesting consolidation and potential for a breakout. A break above 108.07 (dark pool level) could trigger bullish momentum. Trade Idea: Entry: Breakout Entry: Enter above 108.07 if confirmed with strong volume. Pullback Entry: Enter near 106.28, the lower wedge support, for a better risk-to-reward ratio. Profit Targets: 112.00: First target aligning with Fibonacci and dark pool levels. 115.00: Second target, key Fibonacci extension. 117.50: Third target based on continued bullish momentum. 120.00: Final target for a strong bullish move. Stop Loss: Close below 106.00: Invalidates the wedge pattern breakout. Close below 104.00: Signals bearish continuation, as the price would break significant support. Risk Management: Ensure position size aligns with risk tolerance. Risk-to-reward ratio should be at least 1:3, considering entry at 108.07, stop loss at 106.00, and initial target at 112.00. Additional Notes: Volume Confirmation: Look for above-average volume on breakout above the wedge's resistance line. Dark Pool Reaction: Monitor price action near dark pool levels (especially 108.07 and 111.76) for reversals or breakouts. Fibonacci Levels: Higher Fibonacci extensions suggest strong potential upside if the breakout is sustained.
Oil is looking really good for possible longs tomorrow after red news. On my watchlist for NY session longs. Keeping an eye on this.
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