BTC: Imminent Breakout with Final Swing Trade OpportunityA breakout for BTC is on the horizon. We’ve seen a small breach of the upward trendline, and with momentum building, we’re now watching closely for a decisive break of the upper trendline. If this happens, Wave 4 will be complete, leaving only Wave 5 of 5 of 5 remaining.
Once a full open and close above the trendline is confirmed, I’ll be going long, planning to ride it until Wave 5 completes. This could be the final swing trade of the season before a lengthy corrective phase sets in—a potential year-long winter of correction. If you’re looking for a last big trade before the market cools, now’s the time to prepare.
Breakout
Gold Triangle Breakout! Targeting the Key Pink ZoneGold is forming a triangle pattern on the 1-hour chart, and I’m watching closely for a breakout! 📈 If the price breaks out of the triangle with confirmation, I'll be looking to go long, aiming for the next pink zone as the target 🎯.
Strategy: Enter on confirmed breakout, hold until we approach the pink zone, then reduce my position as it may attract sellers. I’ll update here if anything changes! What’s your take on this trade? Let me know below! 👇
Gold Rebounds as Bulls Seek New Highs Amid Market ShiftsAt the start of the week, gold has quickly regained its upward momentum, aiming for new highs. Currently, the precious metal is trading around $2,731, with the bulls firmly in control of the market.
On Friday, gold saw an influx of buying interest, which slightly eroded the previous day’s gains as the USD weakened. This shift was supported by expectations of a less aggressive easing policy from the Federal Reserve.
Additionally, a generally positive tone in the stock market has somewhat dampened demand for this safe-haven asset. However, ongoing political uncertainty in the U.S. ahead of the November 5 presidential election, persistent geopolitical risks from ongoing conflicts in the Middle East, and further declines in U.S. Treasury yields are providing solid support for gold prices.
GBP/CAD Bearish Breakout Expected from RangeGBP/CAD is expected to break out to the downside after a period of ranging market conditions. Despite multiple market data releases, the pair remained unaffected and has shown a consolidation pattern. I believe the ranging phase is over, and GBP/CAD is now beginning a bearish trend. The first target for this move is 1.76450 , with potential for further downside
Currently, the RSI is below the oversold level, indicating a possible correction before the breakout continues. I plan to add some positions at this point, and if the RSI impulsively moves up to the 50 level, I will add more positions.
Best of luck with this bearish trade!
Bitcoin - Now Is The Time For A Breakout!Bitcoin ( BITSTAMP:BTCUSD ) will exit the consolidation now:
Click chart above to see the detailed analysis👆🏻
The only factor which is really driving the price of Bitcoin is technical analysis. And everything is pointing towards a bullish breakout above the preivous all time high and significant follow through. Make sure you somehow participate in the bullrun, either with altcoins or Bitcoin.
Levels to watch: $70.000, $100.000
Keep your long term vision,
Philip (BasicTrading)
Gold Eyes Breakout as Key Support HoldsGold prices are consolidating around the $2,714 support level, which has held strong in recent sessions. This zone acts as a critical foundation for potential upward movement. The price is currently trading within a descending wedge, a bullish reversal pattern that signals a possible breakout.
Once gold breaks above the red resistance line shown on the chart, we could see a push towards $2,733 and beyond. Traders should watch for confirmation of this breakout, as it could trigger a strong bullish move, backed by firm support at the $2,714 level.
Good luck to you !
XRP Price Analysis: Potential 20% Drop Amid Key Support LevelsXRP is currently trading within a box pattern, with a lower high suggesting a higher probability of a downside breakout. If the crucial support level of $0.5213 is lost, there is a 20% potential drop in price, targeting $0.4164. If you are holding XRP, you might consider selling, or alternatively, you could take a short position upon a clear break of the $0.5213 level. Given the importance of this support, a sharp decline is expected if it breaks. Keep an eye on this critical zone for any significant moves.
Nasdaq - This Is Just The Beginning!Nasdaq ( TVC:NDQ ) is starting the next parabolic rally:
Click chart above to see the detailed analysis👆🏻
Although the Nasdaq is about to create a new all time high, this is just the beginning of the next major higher timeframe bullrun. The Nasdaq just broke above the channel resistance and is now heading for a +30% move. It feels absolutely counterintuitive - welcome to the stock market.
Levels to watch: $20.000, $26.000, $16.000
Keep your long term vision,
Philip (BasicTrading)
BTC ANALYSIS (update)🔮 #BTC Analysis - Update 🚀🚀
💲 As we said earlier #BTC performed the same. Now we can see that there is a breakout of the pattern in #BTC. But there is an instant resistance zone. After breakout above the resistance zone, we would see a new higher price in #BTC
💸Current Price -- $67,700
📈Target Price -- $73,500
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#BTC #Cryptocurrency #Breakout #DYOR
BTC, can confirm we confim the breakout?Please check the previous idea to get the bigger picture - You find it in my profile
Hello everyone,
Bitcoin reached the top line of the flag pattern, that was built from the 74k top. We got a strong move up, but the breakout didn't even reached 70k.
Bearish Case
Currently we are in a correction of about 3000 Dollar and the correction could expand, if the current support from the 1H 200 EMA will be lost. The next support would come in between 64k and 65k.
Bullish Case
If the price can stay above 66500 and breaks the pattern to the upside, it will face resistance at 68k and needs to get over 68400 to continue the path to the upside. If that's the case, 73k should be the next target
EUR JPY Trade Setup 4 Hour TimeframeOn the 4-hour timeframe, EUR JPY is pulling back for a retest of the broken resistance level, which has now turned into a new support level.
The pair continues to move in an uptrend, forming higher highs and higher lows while bouncing off a support trendline.
We will be looking for buy opportunities as the price tests this key support level.
Bitcoin can rebound up from pennant to 71K pointsHello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price rose to the current support level, which coincided with the support zone. After it reached this level, it some time traded near and even entered the support area, but then dropped to the buyer zone. Also, the price started to trades inside the pennant, where later, BTC rebounded from the buyer zone and started to grow. Soon, the price turned around and made a correction movement to support line of the pennant. After this, BTC turned around and made impulse up, making a fake breakout of the 60800 level. In a short time later, the price reached the current support level, broke it, and made a retest. Then it continued to grow until reached the resistance line of the pennant, after which, a not long time ago, it rolled down. So, at the moment, I think that the price can decline to support line and then rebound up, exiting from the pennant pattern. After this, I think BTC can continue to grow, for this case, I set my TP at 71000 points. Please share this idea with your friends and click Boost 🚀
ATOM ANALYSIS📊 #ATOM Analysis
✅There is a formation of Descending Channel Pattern in daily chart with a breakout of Descending Channel. But there is an instant resistance zone.🧐
Pattern signals potential bullish movement incoming after the confirmation of breakout of the pattern
👀Current Price: $4.800
🚀 Target Price: $6.580
⚡️What to do ?
👀Keep an eye on #ATOM price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#ATOM #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
'THE XRP BREAKOUT CHART' - May predict the month of the breakoutTHE XRP BREAKOUT CHART is a chart I created to show a very interesting trend that I discovered within XRP's monthly chart. Four times in XRP's previous price action history, prior to periods of significant price appreciation, XRP formed a FVG (fair value gap), as shown in the white boxes, which consisted of three candles. Then, while within that FVG, price broke out on the 8th candle four consecutive times. Three of these four FVG breakouts were preceded by, or included, a single liquidation candle breaking below the lower trend line. Regarding current price action, we just saw the pattern liquidation candle this past July. So, it appears that this trend will continue for the next breakout of the current wedge pattern.
However, the key takeaway is that the pattern FVG has not formed, which means, as of this month (October), if the pattern is to repeat for a fifth time, then we are at a minimum of eight months away from the breakout we have all been waiting for.
The herd—retail investors and YouTube influencers—believe, in sync, that the breakout will begin in mid-December, continue through January, and peak around late February to early March. According to this chart, they’re all wrong.
I believe that incredible price appreciation is coming in the future, but I think this pattern will repeat. That means the breakout of the current wedge pattern, at the earliest, will be sometime around mid/late summer to early fall of 2025, most likely on the 8th monthly candle within the next FVG formation. But when will the first three candles form?
Good luck, and always use a stop loss!
GBPUSD: Counter-Trend BreakoutThis is actually a counter-trend trade that I've been eyeing on the GBPUSD pair. Price rallied from August to October before breaching the trendline.
Earlier this month, I plotted two support levels and now price is breaking and accelerating from the second support level.
ADR: 63.5
SL: 60
TP: 140
'We're Pretty Cheap At The Moment' CYBIN $100+Poised to disrupt mental health treatment Cybin is on the verge of a revolution unlike any treatment the world has ever seen in depression. Phase 3 trails/data will bring many catalysts for the future, into the unknown where no one has gone legally before..
USD, yields surge on Fed pushback, Trump rebound After just one day of retracing on Friday, the USD bull regained momentum on Monday thanks to Fed members continuing to push back on aggressive easing. Markets are also pricing in a Trump win with some polls suggesting he is ahead in three key states and some bookies even touting for him to win. In the current climate, USD/JPY could be at 152 before we know it.
MS