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Why USDCAD Dropping? Technical and fundamentalsUSDCAD is currently trading around 1.44200, facing strong resistance at this level. The pair has tested this resistance multiple times and is showing signs of rejection, indicating a potential bearish reversal. If sellers gain control, we could see a downward move toward the 1.42200 target. This setup aligns with key technical patterns, suggesting that the rejection from resistance could drive further downside momentum. From a technical perspective, the resistance level at 1.44200 has proven to be a strong barrier for buyers, leading to repeated pullbacks. If price fails to break above this zone, bearish pressure is likely to increase. A confirmed rejection with a strong bearish candlestick formation could provide further confirmation of a downtrend, making this a high-probability short setup. Fundamentally, USDCAD’s movement is influenced by the strength of the US dollar and oil prices, as Canada’s economy is heavily linked to crude oil. Any rebound in oil prices could strengthen the Canadian dollar, adding to the bearish case for USDCAD. Additionally, market expectations regarding Federal Reserve interest rate policy and economic data releases could play a crucial role in shaping the pair’s next move. In summary, USDCAD is facing significant resistance at 1.44200, with clear rejection signals indicating potential downside toward 1.42200. Traders should watch for further bearish confirmations while considering fundamental drivers like oil price fluctuations and central bank policies to validate the trade setup.
Short
by AndrewsMarket-Mastery
Bitcoin & Trump Effect: A Short-Term Pump or Sustainable Rally?Bitcoin ( CRYPTO:BTCUSD ) started to rise as I expected in the previous post , but Donald Trump helped double the momentum of Bitcoin yesterday. But the question here is whether the correction of Bitcoin is over or if this is an increase in the chance of exit. Bitcoin is trying to break the Heavy Resistance zone($93,300_$89,250) . According to the theory of Elliott waves , it seems that Bitcoin has succeeded in completing wave 4 and we should wait for wave 5 . Note : Due to the high momentum of wave 3, it is possible that wave 5 is a truncated wave. I expect Bitcoin to rise to at least $95,000 in the coming hours. The next target of Bitcoin can be Resistance lines and 100_SMA(Daily) . What do you think about Bitcoin movement? Time to escape or wait for a new All-Time High(ATH) to be created? Note: If Bitcoin goes below $89,000, we can expect Bitcoin to decline and the big CME Gap($91,610-$84,830) to be filled. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. B e 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.
Long
by pejman_zwin
23
levels to watch I previously mentioned that a broader market correction was highly likely, predicting that after the market coiled within the 95k-100k range, a downturn would be inevitable. The correction was expected to bring the market down to around 75k. As we’ve seen, the market fell to 78k but has since rallied back to 92k. However, for the market to regain renewed momentum and strength, it would need to close above the 95k level. If that happens, there’s a possibility that the market could test the 108k range once again. On the other hand, if the market fails to break and hold above the 95k mark, sellers are likely to return, leading to a potential retest of the 75k level.
Short
by Shivkumar600
BTC support level - break or bounce?BTCUSD on the 1D chart is sitting at 200DMA line. It first broke through on Feb 28, 2025 and closed above. Weekend news on crypto reserve from President Trump generated a quick pump and dump. As of late day March 3, it touched the 200DMA again and has held above. Next move: On a break, next major support is around 72870. On a bounce, target at congestion zone between 96000 to 100000, with significant ceiling from the 50 and 100DMA at 97000 and declining. Market-moving fundamental news can be expected around the U.S.crypto summit on March 7th. BTC may be (relatively) range-bound until then.
CRYPTO:BTCUSD
by StrobeT
How are 'Stategic Reserve' assets going to react?? Weve had plenty of scepticism come out over inclusion of altcoins in the strategic reserves. News reports on it undermining the reserve. We have also had Trumps cost cutting and tariffs pushing bearish pressure on the market. While ADA+XRP+SOL are sitting on previous all time highs. Even more troublesome is the unwinding of USDT. This may pull away one of the largest liquidity providers to the crypto space. This can be extremely bearish. I am myself however still bullish. I see rising fundamentals and a lot of room for upside in L1s and applications token price.
BITSTAMP:XRPUSDLong
by SoftQuant
Trump's Bombshell Strategic Reserve Announcement.Let's summarize the situation. We were on the edge of slipping into a bear market, with CRYPTOCAP:BTC under heavy selling pressure and looking bearish on daily, hourly, and weekly timeframes. A lot of people were caught off guard, selling their crypto to prepare for shorts and ending up sidelined—I was one of them, and I’m pissed. Since I live in Asia, I was asleep when it happened, and so was the entire Asian market. Then, conveniently, Trump announced the strategic crypto reserve, which was originally scheduled for Friday to coincide with the White House crypto summit. Meanwhile, the tariffs are set to take effect on Tuesday. On the global stage: - The rejection of Zelensky has pushed Europe to react, with some leaders now considering sending troops to Ukraine. This could seriously complicate things for the Trump administration and potentially escalate into WWIII. No joke, this is a serious situation. - Israel has decided to destroy Gaza completely and is now enforcing a full-scale siege, which will cause massive international backlash. The situation there never been so bad. - Recession fears are mounting, and we can see markets starting to shake and correct. And then Trump drops his crypto reserve announcement… - This was a sloppy reveal—posted only on his own platform, not on X—which caused panic, as people scrambled to verify the source, thinking it was fake news. - Even worse, the initial announcement didn’t mention Bitcoin or Ethereum! Instead, they listed CRYPTOCAP:XRP , Cardano, and Solana as part of the reserve, which made people think their accounts were hacked. Later, they corrected it, clarifying that CRYPTOCAP:BTC and CRYPTOCAP:ETH are at the "heart" of the reserve. So yeah… Sunday night, completely unexpected, and poorly executed. What does this mean for CRYPTOCAP:BTC ? - Weekly timeframe: Nothing has changed—it’s still in a serious correction, and a 10% daily pump isn’t enough to reverse the trend. My previous analysis is still valid. - Daily timeframe: The MACD has reset, and RSI is now in a neutral zone. This suggests a potential short-term pump over the next few days. - Key levels: Supports at $91k and $80k are back, but $99k remains a major resistance and could reject $BTC. - Leverage & liquidity: A massive $4.3 billion in longs has been built up, meaning we’re likely to retest the downside to liquidate them. - CME gap: We just created a 10%+ CME gap, which will most likely be filled. Conclusion: Optimism is back, and we could see a short altseason as capital flows into altcoins, now that some are officially part of the U.S. national reserve. BUT the global situation remains extremely concerning: - War tensions in Europe and the Middle East - Recession risks still on the table - Uncertainty about how this crypto reserve will actually work This is great news, but going all-in on longs at this point seems risky. How long will this momentum last? More than a week? I’m not sure. Technically, the correction isn’t over. Unlike December 2024—when Trump’s election happened at the end of a correction, with a bullish MACD crossover—we are now at the START of a weekly correction, which could last until May 2025. So yeah, fundamentally bullish, but technically, the correction still has room to go.
by CryptoNikkoid
12
PO3 and Fibonacci: The Path to $128,000I've always been an advocate of analyzing data deeply and finding patterns where others see chaos. And today I want to share my perspective on one of the most exciting opportunities that are taking shape right now. PO3 is not just an indicator, but a real key to understanding how the market shapes its moves. When you combine it with Fibonacci levels, a unique picture opens up in front of you that gives you a glimpse into the future. This is exactly the case when the data speaks for itself. Now, analyzing the current dynamics, I come to the conclusion that we can expect a significant rise in price to the level of 128,000 dollars. PO3 shows a clear direction and Fibonacci levels confirm the potential for such a move. So, my prediction: $128,000 is not the limit of dreams, but a realistic goal that we can achieve. And those who understand this trend have a unique advantage. Alex Kostenich, Horban Brothers.
CRYPTO:BTCUSDLong
by horbanbrothers
4
Trump’s crypto picks struggle: Saylor sees $200T market cap Bitcoin has fallen below the 78.6% retracement of Sunday’s surge and is now less than 2K above the level it was at when Trump tweeted about a strategic reserve including Bitcoin and a few altcoins. Some of the smaller cryptocurrencies mentioned by Trump—Cardano, Solana, and Ripple—are holding up slightly better but have also dropped. Strategy Executive Chairman Michael Saylor, whose company holds nearly 500,000 BTC, strongly endorsed Trump’s proposed strategic crypto reserve in a CNBC interview. Saylor also predicted Bitcoin’s market cap could reach $20 trillion and eventually $200 trillion, projecting a price of $13 million per BTC by 2045. In a bullish scenario, he sees Bitcoin hitting $49 million, while a bearish case could still put it at $3 million.
BLACKBULL:BTCUSD
by BlackBull_Markets
YGG ANALYSIS🚀#YGG Analysis : 🔮#YGG is consolidating in a parallel channel.... currently falling from its resistance zone. It is trading above its major support zone and there maybe a small retest towards lower supprt level and after that we will see a bullish move📈📈 🔰Current Price:  $0.2400 🎯 Target Price:   $0.2900 ⚡️What to do ? 👀Keep an eye on #YGG price action. We can trade according to the chart and make some profits⚡️⚡️ #YGG  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
LTC Litecoin Could Do One More Round Of Bouncing Within WedgeThis is a possible scenario here. This is in line format not candles so wicks could be lower than than this. Lines remove all the wicks and are just on an open and close basis, kind of cleaning up the noise. This is not guaranteed to happen but it is a possible scenario before we break out again around the end of March. I'll post below a candle chart as well so you can see those levels. As long as we stay within this wedge on a closing basis and within the channel on the candle format then we should be fine. If we break down below the wedge or channel and close below it then thats not going to be very good. I don't see this happening thats just worst case scenario. Follow me for more updates. Not financial advice. Thank you
COINBASE:LTCUSD
by Bitgolder
5
BTC | MASSIVE CORRECTION or BULLISH PATTERN?After the new of the recent ByBit hack, the entire market seems to have taken a dip. (more on the bybit hack here:) Luckily, seeing a 20% correction on Bitcoin isn't strange.. at all. It's actually quite common for the price to correct anywhere between 15% and 30%. The tell all sign will be whether or not we can reclaim the key support ABOVE 90k, otherwise we might be heading closer to that 30% dip. Meanwhile.. another altcoin is approaching a key buy zone. Don't miss it, here: _______________________ BINANCE:BTCUSDT
by CryptoCheck-
Binance Coin (BNB) Market AnalysisRecent Price Action & Breakdown BNB lost the key $600 support level due to strong selling pressure, dropping 12% over the past week, aligning with the broader market downturn. The break below $600 signals increased bearish momentum, but BNB has yet to form a lower low, indicating relative strength compared to most altcoins. Key Support Levels to Watch If the decline continues, buyers may step in between $550 and $500, with $500 being a historically strong support zone. Holding above $500 is crucial, as a sustained drop below this level could lead to further downside pressure. Potential Recovery Scenario If $500 holds, there remains potential for a recovery, especially if the overall crypto market stabilizes. A move back above $600 would be a bullish signal, confirming a potential rebound and resumption of BNB’s upward trend. Conclusion BNB is at a critical juncture. The $500 support level must hold to avoid a deeper correction. Despite the drop, BNB shows relative strength compared to most altcoins. Traders should watch for buying activity around the $500-$550 range, as this could indicate a recovery in the near term.
by Richtv_official