EUR/CAD SHORT FROM RESISTANCE
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EUR/CAD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.465 area.
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Bearish Patterns
USD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
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We are now examining the USD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.902 level.
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GOLD BEARS ARE GAINING STRENGTH|SHORT
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The BB upper band is nearby so GOLD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 2,669.716.
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USD/CAD BEST PLACE TO SELL FROM|SHORT
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USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.435 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Bitcoin Dominance Bearish BTC.D + ALTSEASONBack in 2017 and 2020 i've posted a BTC.D Bearish Chart.
That Was a long-term view and still playing well till now.
You can find my Old Prediction
Both times we wend on BTC From 20000 to 3000 and From 65000 to 16000, but it's not about Bitcoin Bearish Scenario, but About ALTSEASONs.
Both times it were best seasons ever as BTC.Dominance went down
That Chart Is it and still valid until 2035 together with my Bitcoin longterm view TA on TradingView.
Wish you a good luck and hope you'll be happy with that TA. Enjoy.
BTCUSDT Fresh Short Setup: Targeting Key Support Zones with SMC Description:
This trade setup presents a Bitcoin short opportunity on the 4H timeframe using the Smart Money Concepts (SMC) framework. After a significant reaction from the supply zone, Bitcoin's price structure aligns with bearish confluences, signaling potential downside. Additionally, external events, such as the recent announcement of China's AI application "DeepSeek," may have amplified market volatility, further supporting the setup.
Trade Setup:
Entry:
Between 103,300 and 104,500
Take-Profit Levels (TP):
101,897
99,825
97,565
95,208
Stop Loss (SL):
Above 105,975
Analysis and Confluences:
Market Structure:
Bitcoin remains in a bearish trend on the 4H timeframe, with consistent lower highs and lower lows.
Supply Zone:
The price is entering the 103.3k–104.5k supply zone, a key resistance area where sellers are expected to dominate.
Fibonacci Confluence:
This zone overlaps with the 0.618–0.786 Fibonacci retracement levels, a high-probability reversal area.
Liquidity Sweeps:
Liquidity above previous highs has been swept, leaving the path clear for potential downside.
Bearish Targets:
The targets align with previous demand zones and liquidity pools at 101,897, 99,825, 97,565, and 95,208.
Trade Plan:
Confirmation: Wait for bearish price action signals or smaller timeframe BOS (Break of Structure) within the supply zone before entering.
Risk Management: Adjust position size to keep risk within acceptable levels. After reaching TP1, move your stop loss to breakeven and secure partial profits.
Final Note: While bearish bias dominates, unexpected macroeconomic events can cause reversals, so use tight risk management.
GBP/USD SHORT FROM RESISTANCE
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We are going short on the GBP/USD with the target of 1.233 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EUR/USD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
We are now examining the EUR/USD pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.017 level.
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27/01/25 Weekly outlookLast weeks high: $109,555.48
Last weeks low: $99,643.66
Midpoint: $104,599.57
A new Bitcoin ATH as President Trumps second term officially begins! Just shy of $110K with a much tighter range of $10k from range low to high leaves Bitcoin in a very interesting place going into what has been called the first "pro-crypto" administration.
Now the weekly close is an interesting one as there is a clear sell-off that has continued at time of writing bringing the price down below the weekly low. This has been a common theme in recent weeks as either a bearish SFP of the weekly high early in the week resulting in a sell-off for the remaining days. Or the opposite were a sweep of the weekly low early on results in a recover rally for the rest of the week. As of right now the later is in play but what is causing this sell-off this time?
The AI issue:
The recent headlines have been that the US wants to win the AI war and be the dominant force in what is possibly the most important product of the future. OpenAI, Grok, Meta etc all have AI products and services and the US government hope that by backing these companies the US can be the victors of this race. However, the game has changed with the release of "DeepSeek R1" a chinese AI competitor with some remarkable attributes that has the US stock market very worried as reflected in the pre-market.
DeepSeek R1 was reportedly built for $6m, now this is a Chinese company and therefor any numbers should be taken with a pinch of salt but OpenAI has raised $17.9B for ChatGPT and many now see DeepSeek as a superior product in many ways:
- Less GPU intensive due to a more efficient and streamlined model, this is mainly why NVIDIA pre-market is down 11% at time of writing, investors are seeing that perhaps US companies have overblown the demand for GPU's as the product they are making is not optimised in comparison.
- Considerably cheaper due to this streamlined approach, personally this is a symptom of how America has been operating as a nation since the pandemic, a severe lack of efficiency made up for by throwing insane amounts of capital at the problem with no thought as to where the money comes from (printed via QE & tax payer funding). DeepSeek just proved why Trumps planned approach of getting value for money and increasing efficiency is a winning formula, anything else is unsustainable.
- Open source code, we would expect the company called OpenAI that was founded on the basis of transparency and the mission to do good as a non-profit would be the product that has publicly available code, but no that would be DeepSeek... This further compounds just how out of touch the US based AI companies have got, the quest for revenue has taken over as the mission goal, which in the case of AI is very dangerous.
To conclude the AI problem, the Chinese AI product is cheaper, more efficient and more transparent that current US based products and that is why indirectly BTC took a tumble.
On the data news this week FOMC is on Wednesday, the forecast is for interest rates to remain unchanged however the volatility of FOMC often leads to interesting price action, this could be another reason for the sell-off as de-risking takes place.
For this week I am looking at using the chaos to find goo d long entries, I still think that Feb-March looks good until I have reason to think otherwise. Weekly low is a key S/R level that will determine by bias in the short term until then.
TL;DR
- DeepSeek R1 worrying investors of US AI companies as the Chinese AI product is far cheaper, more efficient and more transparent. US stocks down on pre-market.
- FOMC midweek, first of Trump admin, volatility expected.
- Weekly low key S/R level for BTC
XLM - Will XLM Find Strength or Stumble?XLM has been in a downtrend for the past 10 days after rejecting from the 0.618 Fibonacci retracement resistance. The price action shows lower highs and lower lows with no significant volume, signaling a potential continuation of the trend. Let’s identify the key support and resistance zones and possible trade setups.
Support Zone
A strong support zone lies between $0.3725 and $0.3695 based on multiple confluences:
Monthly Level: At $0.3725
Anchored VWAP: From the very low, the VWAP aligns with the monthly level
Fibonacci Retracement: Drawing the fib retracement from the year’s low to the recent high, the 0.75 Fibonacci level lies at $0.3695
Resistance Zone
Key Level: Price data highlights $0.435 as a significant S/R zone
Fibonacci Retracement: The 0.618 Fibonacci retracement from the current wave aligns with the key level
Short Trade Setup
Entry: 0.618 Fibonacci retracement/key level at around $0.435
Stop Loss: Above the previous high
Take Profit: Target the support zone at round $0.3725
Risk-to-Reward (R:R): 4.5
Long Trade Setup (on confirmation)
Entry: Long position between the support zone of $0.3725 and $0.3695
Stop Loss: 3% SL
Take Profit: around 0.39/0.4
Risk-to-Reward (R:R): 2 or better
ETH Rejected at POC – Bears Eye $3000 againOver the past two days, Ethereum struggled to maintain momentum above the Point of Control (POC) of the current range. Price action formed wicks above the POC but closed below, signaling clear rejection at this level.
Key Support Zone
The $3000 area holds significant support, bolstered by several confluences:
Fibonacci Levels: The 0.786 fib retracement ($3045) aligns with the old 0.618 fib retracement ($3025)
4H Bullish Block: A strong demand zone on the 4-hour timeframe supports this level
Trend-Based Fibonacci Extension: 1:1 extension lines up perfectly with the 0.618 fib retracement
Psychological Level: The round number at $3000 adds psychological strength to this support
Short Setup:
Entry: POC of the range
Stop Loss: Above the recent high
Take Profit: $3000 zone
Risk-Reward: 3:1, offering a solid trade opportunity
Long Setup (Confirmation Needed):
Entry: Between $3025–$3000, upon bullish confirmation
Stop Loss: Below $2900
Take Profit: open
NZD/JPY BEARISH BIAS RIGHT NOW| SHORT
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NZD/JPY pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 86.633 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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SILVER SELLERS WILL DOMINATE THE MARKET|SHORT
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SILVER pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 30.468 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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Duo-Reversal Patterns Show USDCAD Rally "Hanging By A Thread"Price has rallied quite a bit for OANDA:USDCAD since its last visit of the Rising Support @ 1.34189 and we currently see Price showing quite a bit of exhaustion at the March 2020 Highs @ 1.44664!
This exhaustion comes in two Reversal Patterns:
Advance Block - 3 Candlestick Reversal Pattern
+ (Bearish Confirmation Candle)
Hanging Man - Single Doji Reversal Candlestick Pattern
Both these Reversal Candlestick Patterns and RSI in Oversold territory, spell possible trouble for Bulls in which signaling Bears could potentially overcome and Push Price Down!
This suspected drop in Price could be a Retracement to Previous Structure of Past Resistance @ (1.39775 - 1.38784 ) which happens to land right in the 50% - Golden Ratio Fibonacci Zone.
Fundamentally, USD and CAD both last week showed flying colors when it came to their Employment and Unemployment Results both showing an Increase in Work and Lowering in Jobless. This week will be news heavy for USD with:
Core PPI/PPI - Tuesday
Core CPI/CPI - Wednesday
Core Retail Sales/Retail Sales/ Unemployment Claims - Thursday
If overall week results are negative, we could see USD lose all strength and CAD take the stage!
Could Cardano Bulls Push Past Pennant To $2 Resistance?!Cardano made an impressive 315% gain from the Low on Nov. 4th/5th @ .32 to the High on Dec. 3rd @ $1.32 following the Pro-Crypto Republican won Presidential Debate with not only BINANCE:ADAUSD seeing this kind of Rally but across the entire Crypto Market!
Since that High, Price on Cardano has slipped into a Consolidation of what seems to be a Pennant Pattern with Lower Highs working into Higher Lows.
Both Legs of this Triangle still need a 3rd Touch to Validate the Integrity and Existence of both Trend-lines. I would like to see Price make a 3rd Touch of the Rising Support around the ( .95 - .93 ) Range before moving back up to test the Falling Resistance.
If Bulls are able to gain enough Support from the Rising Support, it could be enough to give them momentum to make a Bullish Break to the Falling Resistance and based from the Pattern Statistics:
- Generate an Extension of the same size of Trend move that came prior to the formation of the Pattern called the "Flagpole" putting the Potential Extension of Price into the $2 Resistance Zone!
**Caution: Triangle Patterns are known to fail 1/3 of the time so a Bearish Breakdown of this pattern is still possible. Watch for False Breaks/Breakouts!
VINE LOOKS BEARISH THEN 90% OR 300% INCOMINGAfter a failed breakout of the all time highs, we have broken the uptrend and look to aim lower. Unless the highs are claimed I'm currently bearish and looking for range lows to be tested for a long entry to back to the highs which can print 90% returns.
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BITCOIN BEARS WILL DOMINATE THE MARKET|SHORT
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It makes sense for us to go short on BITCOIN right now from the resistance line above with the target of 96,962 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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AUD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
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Previous week’s green candle means that for us the AUD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.566.
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GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
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GBP/CAD is trending down which is obvious from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a classical trend following opportunity for a short trade from the resistance line above towards the demand level of 1.779.
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GBP/CHF BEARS ARE STRONG HERE|SHORT
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GBP/CHF is making a bullish rebound on the 12H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.104 level.
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GBP/JPY SHORT FROM RESISTANCE
Hello, Friends!
GBP/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 194.854 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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