Bitcoin - Biggest trap in history, ETF investors will lose!Bitcoin is heading towards 30k to 40k in 2026, and many people will lose money, especially ETF investors. All major Bitcoin ETFs launched around January 10, 2024, at the price of around 45,000 USD per Bitcoin. What if I tell you that everyone who bought this ETF will be in a loss during the next major bear market cycle? Of course whales need liquidity, and pushing the price to the ETF's all-time low would be a perfect plan.
Bitcoin has been going only down since Trump's first day in office. All investors are extremely disappointed because they saw Trump at a Bitcoin conference talking about the future of Bitcoin and the USA crypto reserve. Unfortunately, it was a trap, and Bitcoin is losing its value pretty significantly. Everyone who bought the news is pretty much at a loss. Of course Bitcoin is completely manipulated by the central banks and government, so forget about decentralization and freedom. But let's take a look at the technical analysis on the weekly chart.
On the chart, we can see a parallel channel, and today we have a huge red dildo breaking the channel to the downside with a strong volume. This parallel channel is a representation of the whole bull market (uptrend) since 2022. It's breaking down, and we can completely forget about any bull market this year. From the Elliott Wave perspective, an impulse wave has been completed, and we are looking for a bearish retracement. Usually we want to focus on the 0.382, 0.500, and 0.618 FIB levels. These levels provide the highest probability of a bounce.
In the short term, we have a falling wedge pattern that I warned you about a few days ago. I predicted this dump successfully.⬇️
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
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BITCOIN Downtrend Continues – Is $70K the Next Stop?COINBASE:BTCUSD continues to trade within a well-defined descending channel, maintaining a clear bearish market structure on the daily timeframe. After a strong rejection from the upper boundary of the channel, the price has retraced to a minor support zone around $78,000.
Given the prevailing momentum and strength of the broader downtrend, this support is likely to break under continued selling pressure. A clean breakdown below this level would reinforce the bearish bias and open the door for a move toward the daily support zone near $70,000, which aligns with the lower boundary of the channel.
This zone marks a potential area of interest where price may react or attempt a short-term bounce. However, unless there is a significant shift in momentum, the path of least resistance remains to the downside.
Traders should watch for confirmation of the bearish continuation, such as lower highs, weak bullish pullbacks, or increased volume on red candles, before considering short entries.
If you align with this outlook or have additional perspectives, feel free to share your thoughts below.
US Stocks Wipe Out $6.6 Trillion in Two Days—What Just Happened?Shoutout to the real MVPs of April: the traders who did absolutely nothing. You market wizards, zen masters of the sidelines — while others were busy buying the dip that kept on dipping, you outperformed the S&P 500 SP:SPX , avoiding the nastiest market faceplant since the Covid crash of March 2020.
Since April 2, Liquidation Day , Liberation Day , the S&P 500 SP:SPX has nosedived a brutal 10%. That’s officially a correction — the kind that makes you stare out your window like a philosopher, questioning your life choices, your portfolio, and whether you really needed that Nvidia NASDAQ:NVDA call.
This isn’t just a dip. It’s a market reality check served with extra salt. So raise a (half empty?) glass to the ones who stayed flat — you just made Warren Buffett proud . In a world of overtrading, doing nothing was the most alpha move of all.
Everyone who checked the market at least once on Thursday or Friday (even today when futures markets were all red ) knows what that is all about.
It’s Trump’s tariff rollout coming like a wrecking ball. While the US President portrays his efforts as a fair and even lenient response to other countries’ trade policies with the US, investors don't seem to think so.
In just two days, Thursday and Friday, the US stock market washed out $6.6 trillion. The violent selloff threw the Nasdaq Composite NASDAQ:IXIC into a bear market (down 20% from its peak) and the S&P 500 into correction territory. The broad-based Wall Street darling waved goodbye to 6% on Friday, extending its 4.8% loss from the previous day.
On Thursday, Trump unveiled his new plan to boost the US economy through reciprocal tariffs. China got hammered with a total of 54% , while Europe wasn’t spared either, slapped with a flat 20%.
Some uninhabited islands also made the list — Heard and McDonald Islands (Australia's icy outpost) and Jan Mayen (Norway's frozen Arctic rock) got served a 10% tariff.
Now, the thing with tariffs is, they tend to backfire. Because they are paid by the party receiving them, i.e. US companies, they hike the prices of imported goods, squeeze consumers, and isolate the country imposing them. They strain international trade relationships, disrupt supply chains, and — as history shows — often spark retaliation.
And that’s exactly what happened. On Friday, China hit back hard, launching a 34% tariff barrage on US imports — a sharp counter-strike against Trump’s escalating trade war tactics.
What did Trump say on the matter? “CHINA PLAYED IT WRONG, THEY PANICKED - THE ONE THING THEY CANNOT AFFORD TO DO!” he said on his social media platform.
Just as the markets were a dumpster fire on Friday, Federal Reserve boss Jay Powell gave a speech at a business journalists' conference. In his remarks, he said that Trump’s tariffs would cause “higher inflation and slower growth.”
“It is now becoming clear that the tariff increases will be significantly larger than expected. The same is likely to be true of the economic effects,” Powell said.
Trump's response?
“This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always ‘late,’ but he could now change his image, and quickly,” Trump wrote in a post. “Energy prices are down, Interest Rates are down, Inflation is down, even Eggs are down 69%, and Jobs are UP, all within two months - A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!”
So here we are — $6.6 trillion lighter, futures in free fall, inflation fears reignited, and a full-blown trade war back on the table. The Fed’s caught in a political crossfire, Trump’s turning up the heat, and markets are flashing every red light imaginable.
On top of it all, corporate earnings are just around the corner with the big banks on Wall Street kicking off the first-quarter reporting at the end of this week. Keep track of all big reports in the Earnings Calendar .
One thing’s for sure: this isn’t the time to trade on hope or headlines. It’s the time to trade with eyes wide open, risk tightly managed, and a clear understanding that your next move could shape the rest of your year. Most of all, don’t panic .
Off to you now: are you sitting this one out like Buffett — or are you moving in before the smoke clears?
Bitcoin - Bears are winning: is $72k next?After holding strong above $81,000 for a while, Bitcoin has finally broken its critical support zone, diving as low as the $74,000 region. This move signals a clear shift in short-term momentum and brings us closer to a significant imbalance zone that has yet to be tested or filled. The drop wasn’t exactly unexpected, especially with the growing macroeconomic pressure weighing on all markets right now.
Last week’s tariff announcement triggered a wave of uncertainty, and we’re now seeing that impact ripple across crypto, equities, and commodities alike. Risk-on assets are feeling the heat, and BTC is no exception.
Why $72K Is So Important Right Now
Looking at the chart, there’s a large imbalance zone sitting just below current price, right around the $72,000 level. This is an area where price previously moved up very aggressively, leaving a gap in the market structure that now needs to be filled for a healthier market. Markets tend to come back to these areas to rebalance before making the next major move.
What makes this zone even more interesting is the fact that it aligns perfectly with the 0.618 Fibonacci level also known as the golden pocket. This confluence makes $72K a very strong support zone, and a likely area where buyers could start stepping back in.
Because of this, I’m expecting another short-term bearish leg into this zone to complete the imbalance fill and tap into the golden pocket. From there, if we see strong reaction and volume kicking in, this could mark the beginning of a new bullish wave.
But What If $72K Doesn’t Hold?
Of course, no level is guaranteed to hold especially in shaky market conditions. If Bitcoin fails to defend the $72K area and breaks down with conviction, the next major target to watch will be the lower imbalance zone at $64K. That would be a deeper correction, but still within the broader context of a bullish cycle rebalancing phase.
A drop to GETTEX:64K would likely shake out more weak hands and allow for a stronger, healthier base to form before BTC attempts to reclaim higher levels. It’s not the primary scenario, but it’s one we need to keep on the radar if things escalate further.
What Comes Next?
In the short term, eyes are on that $72K zone. If BTC finds support there and gives us bullish confirmation such as higher lows, increasing volume, or a strong engulfing candle we could see a swift move back toward the $85K-$95K range.
But with macro uncertainty still looming, caution is key. Monitor how price reacts at support, keep risk in check, and be prepared for both scenarios a bounce from $72K or a continuation to fill the imbalance at $64K.
__________________________________________
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Top Altcoins Choice —Your Pick (Pre-2025 Bull-Market)Conditions are slightly different now because Bitcoin just closed last week below 80K, but this does not change the bigger picture or long-term perspective, that is, Bitcoin is growing next.
This is Bitcoin on the weekly timeframe, notice how its price trades safely above EMA55. Also notice how this level worked as support in 2023, launching the 2024 bullish phase, and also in late 2024, producing the final advance to ~110,000 before the present corrective cycle:
A correction is good because it opens the doors for new, great entry prices.
A correction is good, because after a correction, the market always grows. The market fluctuates between down and up. It doesn't matter how long it takes nor how hard the market shakes, it is cyclical in nature and this gives us the necessary strength to buy and hold long-term.
Back to the weekly timeframe. Bitcoin is also trading above SMA200 which sits around $45,000. The current drop is quite steep and it forms a falling wedge pattern. This wedge pattern is a bullish development and tends to lead to a reversal once the action reaches the apex of the channel.
Let's consider the daily timeframe:
Bitcoin just produced a new low and the lowest price since early November 2024. It is also the first time ever that Bitcoin closes weekly below 80K, a break of strong support.
The current low hit very close to the high hit in March 2024. Bitcoin hit a low of $74,500 today while the 2024 March peak price sits around $73,800, this is the strongest support zone due to it being a long-term All-Time High.
A great piece of news and something that confirms the market is about to turn is the trading volume. Notice the volume dynamics as Bitcoin moves lower and lower. This can indicate that the bears are losing strength. We are seeing new lows but each new low with decreasing volume. This means that a reversal will happen next. Bitcoin will grow in 2025, make no mistake.
To close this chapter and move to the Altcoins, consider the RSI; strong bullish divergence. Divergences tend to happen when the trend is about to change.
Namaste.
Top Altcoins Choice —Your Pick
Let's start the much awaited Pick Your Altcoin session. I will do a full chart analysis just for you. You make a choice, your top choice, and I will publish in my profile; you need to follow.
Instructions:
1) Pick any Cryptocurrency pair you like and leave a comment with the ticker. There is one condition though, the project/trading pair must be available on TradingView for me to be able to do the analysis. The chart also needs to have at least 6 months of data.
2) If you see a comment that has a pair that you like, make sure to boost it. The comments with the most boosts will get published first.
3) Maximum 3 pairs (Altcoins/projects) per person. Maximum 700 total chart analysis. Once we do 700 charts, I will not take anymore requests.
4) I will publish in my profile up to 10 charts daily. This is the posting limit. Once the limit is reached, I will start answering in the comments section. Once the comments limit is reached, we can continue the next day.
If the pair looks really good and has great potential for the 2025 bull-market, I can save it to publish in my profile. I will take my time to try and produce a high quality analysis. Your support is highly appreciated.
5) If you share a few details about yourself, your trading journey, your strategy, what you would like to see on the analysis or anything related to finance and Cryptocurrency, I can better connect with your mind and produce a more personalized analysis.
Bitcoin will recover and grow. This is easy.
The Altcoins will also grow.
2nd-May 2025 is a great date.
The accumulation phase continues. The time to buy is when the market is red.
Buy and hold —focus on the long-term.
Thank you for reading.
You deserve the best!
Namaste.
GOLD NEXT MOVE (selling continued)(07-04-2025)Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (07-04-2025)
Current price- 3030
"if Price stays below 3058, then next target is 3020, 3000, 2970 and 2950 and above that 3080 ".
Note- if 30 Minutes resistance breaks then keep this structure in your mind
Caution:
keep this structure in your mind
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
Support us by liking and sharing the post.
S&P500 - The Correction Is Over Now!S&P500 ( TVC:SPX ) is retesting massive support:
Click chart above to see the detailed analysis👆🏻
Over the past couple of days, we have been seeing a quite harsh stock market "crash" with an overall correction of about -20%. However, as we are speaking the S&P500 is already retesting a major confluence of support and if we see bullish confirmation, this drop might be over soon.
Levels to watch: $4.900
Keep your long term vision,
Philip (BasicTrading)
GOLD → Consolidation or continuation of the fall. 3013 triggerFX:XAUUSD is going through the strongest liquidation phase. The fall is triggered by profit-taking amid last week's strong news. Additional pressure is created by the strong NFP report released on Friday. The economic risk situation is bifurcating....
Gold prices rebounded after falling in the Asian session, consolidating the drop triggered by the intensifying trade war between the US and China. Donald Trump's comments about rejecting deals with China have heightened recession fears, raising the likelihood of a Fed rate cut.
Against this backdrop, there was increased interest in gold as a protective asset, despite the rise in the dollar and bond yields. However, further strengthening of gold is questionable due to profit taking and lack of new economic data from the US.
Technically, the price is consolidating under pressure against the support at 3017-3013. A descending triangle is forming on the local timeframe.
Resistance levels: 3033, 3057
Support levels: 3017, 3013, 2981
Based on the current situation and strong pressure on the market, we can expect two situations to develop:
1) breakdown of support 3017 - 3013, if the structure of the descending triangle on the local timeframe will be preserved. The target will be the support of 3000, 2981.
2) Or, the price will close inside the range with the target of consolidation between 3057 - 3033 - 3013 (consolidation of forces after a strong fall and liquidation)
Regards RLinda!
XAU/USD: Ready for another Fall? (READ THE CAPTION)By examining the gold chart on the 30-minute timeframe, we can see that yesterday the price once again moved exactly as expected, hitting all four targets: $3022, $3016, $3010, and $3000, and even dropped further to $2956, resulting in a total return of over 700 pips!
Currently, gold is trading around $3003, and if the price stabilizes below $3014, we can expect further downside.
All key demand and supply zones are marked on the chart and are fully tradable.
If the drop continues, the next bearish targets will be $2997, $2991, $2984, and $2976, respectively.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
EURGBP: Potential sell setup towards 0.8500?OANDA:EURGBP has reached a notable resistance level, an area that has been a clear turning point in the past, leading to some notable reversals. Given this, there is once again potential for a bearish reaction if price action confirms rejection, such as a bearish engulfing candle, long upper wicks or increased selling volume.
If the resistance level holds, I anticipate a downward move toward 0.8500 , which for me is quite an achievable target now.
But if the price breaks above this zone and sustains above it, the bearish outlook may be invalidated, leading to further upside.
Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with solid risk management.
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our 1h chart route map playing out, as analysed.
We started the session with our Bearish targets 3034 and 3034 and then the retracement range targets at 2999 and 2975, followed with our Bullish target at 3055, perfectly inline with our plans to buy dips.
The range is currently big and we will continue to see play and test between the weighted levels. A re-test and break below the retracement range will open the swing rang. However, continuous support above the retracement range will see a further test at 3055 weighted Goldturn level and lock above 3055 will see the range above open.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
BULLISH TARGET
3055 - DONE
EMA5 CROSS AND LOCK ABOVE 3055 WILL OPEN THE FOLLOWING BULLISH TARGET
3078
EMA5 CROSS AND LOCK ABOVE 3078 WILL OPEN THE FOLLOWING BULLISH TARGET
3094
EMA5 CROSS AND LOCK ABOVE 3094 WILL OPEN THE FOLLOWING BULLISH TARGET
3119
EMA5 CROSS AND LOCK ABOVE 3119 WILL OPEN THE FOLLOWING BULLISH TARGET
3148
BEARISH TARGETS
3034 - DONE
EMA5 CROSS AND LOCK BELOW 3034 WILL OPEN THE FOLLOWING BEARISH TARGET
3015 - DONE
EMA5 CROSS AND LOCK BELOW 3015 WILL OPEN THE FOLLOWING BEARISH TARGET
2999 - DONE
EMA5 CROSS AND LOCK BELOW 2999 WILL OPEN THE FOLLOWING BEARISH TARGET
2975 - DONE
EMA5 CROSS AND LOCK BELOW 2975 WILL OPEN THE SWING RANGE
SWING RANGE
2950 - 2922
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
Bitcoin Pullback Complete – Bears Gearing Up for Round Two!!!First of all, let me say that the market has been very excited these past few days, so be more careful with your capital management.
Also, these days, Bitcoin ( BINANCE:BTCUSDT ) has a high correlation with the US stock market indices , and one of the most important of them is the S&P 500 Index ( FOREXCOM:SPX500 ).
Today, I published the following analysis for the S&P 500 Index , which I used as a result of that analysis for Bitcoin .
Bitcoin is trading near the Resistance zone($81,610-$79,800) , the Yearly Pivot Point , the Daily Pivot Point , the important uptrend line (broken) , and the Cumulative Short Liquidation Leverage($81,500-$79,677).
Overall, it seems that this uptrend in Bitcoin over the past few hours was a pullback to the broken Important uptrend line and the liquidation of short position s. Do you agree with me?
In terms of Elliott Wave theory , it seems that the uptrend of the last few hours has been in the form of a Zigzag Correction(ABC/5-3-5) and we should expect another decline .
Based on the above explanation , I expect Bitcoin to resume its downtrend and approach the Potential Reversal Zone(PRZ) again ( after breaking the support lines ).
Cumulative Long Liquidation Leverage: $74,520-$73,244
If you want to see my overall view of Bitcoin on the weekly timeframe and further understand the significance of the Uptrend line(broken) , you can refer to the following idea:
Note: If Bitcoin can completely fill the CME Gap($84,475-$81,450), we should expect further increases.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 15-minute time frame.
Be sure to follow the updated ideas.
Do not forget to put a 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.
What’s the Most Valuable Token in the Crypto World?Hello and greetings to all the crypto enthusiasts,✌
Spend 3 minutes ⏰ reading this educational material. The main points are summarized in 3 clear lines at the end 📋 This will help you level up your understanding of the market 📊 and Bitcoin💰.
🎯 Analytical Insight on Bitcoin: A Personal Perspective:
Regarding the movement of the Bitcoin market, I'll briefly mention that the price is currently near a very strong monthly support, which I’ve marked on the chart for you. I believe now is not the time to break this support, and the price will likely retest it. I foresee at least a 10% increase from here, with a short-term target of $83,000. 📈
Now, let's dive into the educational section, which builds upon last week's lesson (linked in the tags of this analysis). Many of you have been eagerly waiting for this, as I have received multiple messages about it on Telegram.
What’s the Most Valuable Token in the Crypto World?
If we were to simplify things, one could argue that the most important token in the world of crypto is... the Gold Token.
Yes — a digital representation of gold itself. 🪙✨
Why Gold, and Why Now?
With the return of Donald Trump to the presidency of the United States, global markets are likely to face renewed uncertainty and directional shifts. Historically, political shake-ups like this have had a profound effect on financial systems, commodity prices, and investor sentiment.
In times of unpredictability, gold has always been a safe haven. It's trusted, time-tested, and globally valued. That’s why it makes sense for investors to allocate a portion of their capital to gold — especially now.
But what if you didn’t have to deal with storing physical gold? What if you could hold it digitally, within the same crypto ecosystem you’re already familiar with? That’s where gold-backed tokens come into play.
What Are Gold Tokens? 🌐
Gold tokens are digital assets built on blockchain networks (typically Ethereum) and backed by real, physical gold held in secure vaults. These tokens offer a modern bridge between traditional wealth preservation and decentralized finance.
They’re designed to let users enjoy the benefits of gold investment — without the inconvenience of owning, storing, or securing physical bars.
Key Features of Gold-Backed Tokens:
🔹 Real Asset Backing: Each token typically represents a fixed amount of gold (like 1 gram or 1 troy ounce).
🔹 Transparency & Security: Since they're built on blockchain, transactions are traceable, secure, and publicly verifiable.
🔹 Redeemability: Some platforms allow users to exchange their tokens for physical gold if identity verification conditions are met.
🔹 Liquidity: Unlike physical gold, these tokens can be traded instantly on major crypto exchanges.
🔹 Divisibility: You can own fractions of an ounce — making gold more accessible than ever.
Leading Gold Tokens to Know About:
Here are three of the most recognized gold-backed tokens in the crypto market:
PAX Gold (PAXG) : 1 token = 1 ounce of London Good Delivery gold
Tether Gold (XAUT) : Issued by the same company behind USDT, backed by Swiss vault gold
AurusGOLD (AWG) : A decentralized token fully backed by gold, built on Ethereum
Let’s focus on the two most dominant players: PAXG and XAUT.
1. PAX Gold (PAXG) 🏛
Issuer: Paxos Trust Company, regulated by the New York Department of Financial Services
Backing: Each token equals 1 troy ounce (≈31.1g) of high-purity gold stored in secure London vaults
✅ Users can redeem for physical gold
✅ Supports micro-investments — ideal for beginners
✅ Full transparency: Regular audits and proof of reserves
✅ Traded on top-tier exchanges like Binance, Kraken, and Coinbase
Why people trust PAXG:
Its regulatory status and institutional backing make it one of the most secure ways to gain gold exposure in the crypto world.
2. Tether Gold (XAUT) 🇨🇭
Issuer: Tether, the company behind the widely used USDT stablecoin
Backing: 1 token equals 1 ounce of physical gold held in Swiss vaults
🔐 Focuses heavily on privacy and robust asset protection
🔁 Tokens are redeemable for physical gold by verified users
📉 Less transparent than PAXG in terms of regulation and audit trails
💹 Listed on popular platforms like Bitfinex
Worth noting:
Despite Tether’s past controversies around asset disclosures, XAUT remains popular due to its ease of use and the strong brand behind it.
Which One Should You Choose?
If regulation and transparency matter most to you, PAXG may be the better fit. It’s trusted by institutions, backed by U.S. regulators, and offers detailed audits of gold reserves.
If you value brand recognition and a more flexible approach, XAUT offers a credible alternative — just be aware of the differences in oversight.
Final Thoughts 💼🪙
Gold-backed tokens combine the timeless value of gold with the flexibility and innovation of blockchain. They're an excellent way to hedge against economic uncertainty without stepping outside the crypto ecosystem.
If you’re building a diversified portfolio, allocating a portion of your investment to digital gold could be a smart move — both for stability and long-term value.
Let your crypto holdings shine with a touch of gold. 🌟
However , this analysis should be seen as a personal viewpoint, not as financial advice ⚠️. The crypto market carries high risks 📉, so always conduct your own research before making investment decisions. That being said, please take note of the disclaimer section at the bottom of each post for further details 📜✅.
🧨 Our team's main opinion is: 🧨
Gold-backed tokens, like PAXG and XAUT, let you invest in gold digitally without the hassle of storing physical gold. They’re built on blockchain, offering transparency, security, and easy trading. PAXG is more regulated, making it ideal for cautious investors, while XAUT offers privacy and is backed by Tether, a big name in crypto. These tokens represent real gold and can be redeemed for it. If you're looking to diversify and hedge against economic uncertainty, they’re a solid option in your portfolio.
Give me some energy !!
✨We invest countless hours researching opportunities and crafting valuable ideas. Your support means the world to us! If you have any questions, feel free to drop them in the comment box.
Cheers, Mad Whale. 🐋
S&P 500 Index Under Pressure – Another -10% Drop Incoming?Today, I want to analyze the S&P 500 Index ( FOREXCOM:SPX500 ) for you. This index is one of the most important indices in the US stock market , which has been determining the direction of parallel financial markets such as crypto and especially Bitcoin ( BINANCE:BTCUSDT ) for the past few days, so an analysis of this index can be important for us.
The S&P 500 Index started to fall after Donald Trump imposed new tariffs on countries around the world, which was like a coronavirus .
The question is whether this fall is temporary or will continue . To answer this question, we need to consider many parameters, but if we look at the sds chart from a technical analysis chart , we can expect a further decline .
The S&P 500 Index is moving near the Resistance zone($5,284-$5,095) and is completing a pullback . It also lost its important Uptrend lines last week, which is not good news for the S&P 500 Index and US stocks .
From an Elliott wave theory , the S&P 500 IndexS&P looks like it has completed the main wave 4 , and we should expect the next decline(-10%) .
I expect the S&P 500 Index to attack the Heavy Support zone($4,820-$4,530) at least once more. The area where we can expect the S&P 500 Index to pull back is the Potential Reversal Zone(PRZ) .
What do you think? Will the S&P 500 Index continue its downward trend, or was this decline temporary?
Note: If the S&P 500 Index touches $5,408, we can expect further Pumps.
Note: There is a possibility of a Bear Trap near the Heavy Support zone($4,820-$4,530) and PRZ.
Please respect each other's ideas and express them politely if you agree or disagree.
S&P 500 Index Analyze (SPX500USD),4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a 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.
SPY/QQQ Plan Your Trade EOD Review : POP PatternToday's pattern played out perfectly.
I'm really amazed that the SPY rallied up to my resistance level ($520-525) and stalled/bottomed exactly near my $480 support.
Absolutely PERFECT reflection of the data I presented this morning and from my research over the weekend.
Now, if my analysis is correct, we move into a sideways consolidation pattern for the next 3+ weeks where price will attempt to establish a range (moving slightly downward in trend) before we get to the late-June breakdown (setting up the July 2025 low), then another big breakdown in October 2025.
I can't tell you how pleased I am with the comments and messages I get every day. Some of you are KILLING IT and I'm so happy to be able to help.
Remember, we are all trying to find the best way to profit from these market trends. So remember to share your success with others and let them know how to find the best tools for trading (on TradingView).
Now, let's get busy trying to get ready for the next phase of this market trend (which will come in June).
I'll keep you updated.
Get some.
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S&P - What will happen next for the S&P?The S&P 500 has been dropping quickly after Trump's tariff policies were announced. It fell from 5750 to 4900, and is now at 5053, all in just a few days. This is a sharp decline, and sellers are clearly in control right now.
However, after such a big drop, it's common to see a short-term bounce before the market continues to fall. There is strong resistance between 5400 and 5500, which lines up with the golden pocket (a key level in technical analysis). This could make it harder for the S&P to rise past these levels.
Looking further down, there is another strong support area between 4500 and 4600. This level also matches the golden pocket on the daily chart, making it an important point for potential support. If the market keeps falling, we could see this area tested before any significant recovery.
Right now, it seems likely that the market will keep going lower. My main expectation is that we’ll get a small rally first, which could trick some traders into thinking the market is recovering, before continuing down. However, with all the uncertainty around the news and policies right now, it's also possible the market could keep dropping sharply without much of a rally.
Keep a close eye on the markets and stick to good risk management practices. If you don’t, it could really hurt your portfolio. Stay alert and adjust your strategy as things change.
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Lingrid | GOLD Weekly Outlook: Bullish Momentum Faces CorrectionOANDA:XAUUSD market has been bullish; however, Friday turned bearish with a nearly 3.8% decline. After such bullish momentum, this pullback seems normal. In the current timeframe, price completed the ABC move, which is typically followed by a pullback—exactly what we've seen recently. On the weekly timeframe, the price formed a long-tailed bar, indicating it may retest the support zone below the 2900 level. However, considering the upward momentum in the market and the fact that price did not close below the previous week's low, this scenario seems less likely.
I believe we're facing a similar scenario to what we saw in the last week of February, when the market fell around 4% but subsequently reached all-time highs. Right now, areas to consider going long include just below the week's low and the psychological level at 3000. Additionally, we have the channel border as well as the upward trendline serving as potential support. Another scenario worth noting is what happened before the US election last November, when prices fell around 9%, which could mean a retest of the 2900 level. Overall, next week the price may move sideways for a couple of days after bearish impulse leg or bounce off the 3000 level.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
TradeCityPro | Bitcoin Daily Analysis #54👋 Welcome to TradeCity Pro!
Let's delve into the analysis of Bitcoin and key crypto indices. As usual, I will review the New York futures session triggers for you.
⚡️ The market has experienced a drop since yesterday, and I had identified the triggers for this drop in the previous analysis. Let's analyze today to see what we can do in the market.
⏳ 1-Hour Timeframe
In the 1-hour timeframe, as you can see, the price made a downward move after the triggers at 82633 and 81473 were activated, even breaking the important support at 79120 and now has rebounded from the area of 74760.
✔️ If we draw a Fibonacci from this downward leg, we can find potential resistance levels. A few moments ago, there was also a fake news report from Trump stating that he would give 90 days to all countries except China to start tariffs, which, although fake, had a significant impact on the market.
📊 The market volume is very low, which makes it susceptible to such short and small news about tariffs to react this way.
📰 If such news continues and the market acts emotionally, the technical analysis I perform for you will not be very reliable, and the price will move more emotionally.
🔼 However, if these emotional moves end and the price stabilizes in these areas, the potential resistances we have are the Fibonacci levels of 0.5, 0.618, and 0.786, where the 0.5 and 0.786 areas overlap with static price resistances, and the 0.618 area, being the golden Fibonacci, could prevent further price drops.
💥 The RSI oscillator, after a sharp fall and being mostly in Oversell yesterday, has finally exited this area and now reached around 50. If this area is broken in the RSI, the likelihood of a deeper correction will increase.
📉 Today, for a short position, we only have the break of the 74760 area, which I also suggest not opening a position with this trigger because the market has recently moved and needs to create a new structure.
📈 For long positions, according to the strategy I have, it does not make sense for me to open a position in this trend that has so much downward momentum. The best analogy is that when a knife is falling, you shouldn't try to catch it mid-air because it might cut your hand; you should wait for it to fall to the ground so you can pick it up safely without risk.
Let's look at the indices to take a look at the situation with altcoins.
👑 BTC.D Analysis
Bitcoin dominance has made another upward move after breaking 63.07. This caused altcoins to fall more than Bitcoin during this drop, and short positions on altcoins would have given us more profit compared to Bitcoin.
🚀 In the analyses of Bitcoin and altcoins, I've repeatedly told you that for buying altcoins, we should wait until Bitcoin dominance starts to drop. That hasn't happened yet, and it still has a strong upward trend, so today if the market gives a short trigger, altcoins would be more logical.
📅 Total2 Analysis
As you can see, this index has fallen much more than Bitcoin, experiencing a very sharp downward leg upon activating the trigger at 965.
⭐ Currently, I've only added the 949 line to the chart, which overlaps with the 0.786 Fibonacci of this downward leg, and I haven't added any other lines and am waiting for the price to create its structure.
✨ The nearest support the price has is 816, which is very important, and there is nothing else notable about Total2 yet, and we need to wait until a structure is created that can be analyzed.
🎲 The only opinion I can give for now is that the 816 area is very important, and reaching this area in Total2 could end its downward trend, which is more like a prediction than an analysis and is a gut feeling and currently has no logical reason.
📅 USDT.D Analysis
Let's move on to the analysis of Tether dominance, which is very similar to Total2 but seems like a reverse of it.
👀 Yesterday, the trigger at 5.53 activated simultaneously with 965 in Total2, and the dominance moved upward. There's not much I can analyze about this chart, and the main resistance is in the area of 6.34, which acts like the 816 in Total2.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
EURO - Price can bounce from resistance area to $1.0850 pointsHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
A not long time ago price moved inside a falling channel and showed weak activity with limited growth attempts.
Later Euro made a breakout, exited the channel, and started to form a new bullish structure near resistance.
After that, price made a sharp upward impulse, touching $1.1010 resistance and forming a pennant pattern.
Recently, it broke the lower border of pennant and tested $1.0990 level from below, then bounced down.
Now price trades under local resistance area and holds below broken trendline with weak upward attempts.
In my opinion, Euro can continue to decline and reach $1.0850 support level in the upcoming sessions.
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Tesla: bounce expected at $200 Support?NASDAQ:TSLA is currently approaching an important support zone, an area where the price has previously shown bullish reactions. This level aligns closely with the psychological $200 mark, which tends to carry added weight in the market .
The recent momentum suggests that buyers could step in and drive the price higher. A bullish confirmation, such as a strong rejection pattern, bullish engulfing candles, or long lower wicks, would increase the probability of a bounce from this level. If I'm right and buyers regain control, the price could move toward the 260.00 level.
However, a breakout below this support would invalidate the bullish outlook, potentially leading to more downside.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation, like a rejection candle or volume spike before jumping in.
HelenP. I Bitcoin may rebound from resistance zone and fall moreHi folks today I'm prepared for you Bitcoin analytics. After a strong rejection from the second resistance zone between 86700 and 87900 points, Bitcoin lost its bullish momentum. The price attempted to hold within the range but failed to break above the trend line, which has consistently acted as dynamic resistance. This trend line marked the turning point once again, pushing BTC down with increased selling pressure. The price then sharply declined, breaking below the first resistance zone between 78200 and 79500, which is now acting as resistance. This level was previously tested multiple times, making it a key barrier. After breaching this zone, the price dropped even lower and reached the 77000 area, where it found temporary support and began a minor bounce. Currently, Bitcoin is trading just below the resistance zone and remains under the trend line. Sellers are still in control, and the recent bounce looks weak compared to the prior impulse down. Given the rejection from resistance, the position relative to the trend line, and continued bearish pressure, I expect BTC to resume its decline toward 70000 points, which is also my goal. If you like my analytics you may support me with your like/comment ❤️