BTC Bears?The momentum seems to be clearly down for Bitcoin at the moment. There was a spike up after Trump announced that Bitcoin could be used as a strategic reserve in the US, but then made its way down again showing weakness in the market. For today, there is an inverse head and shoulder pattern coming to play, where the neckline is failing to break above the 84,200 levels. As it hangs around there, there could be more shorts opportunity towards 81,000 and possibly down. However, if it breaks above that neckline and then manages to close above, then it could open the way for price to move towards 86,200.
There is big data release today during the NY session, so it could range before the data is released.
Candlestick Analysis
Quick update on XAUUSD (Gold)As posted earlier in my analysis, we were looking for an entry around the support formed during the Asian session. If you took that, please consider taking some profits now. The overall target for today is 2050 but we will have to watch out for 2045 level, which is the previous level of resistance.
AUDCHF: Strong Bullish Chart Pattern 🇦🇺🇨🇭
AUDCHF formed an inverted head & shoulders pattern on a 4h time frame
after a test of a key intraday/daily horizontal support.
After a deep retest of a broken neckline, we finally see a positive bullish reaction.
I think that the market will rise and reach 0.56 level soon.
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USDJPY SHORTsMarket structure bearish DW
Entry at both Weekly and Daily
Weekly Rejection at AOi
Previous Weekly Structure Point
Daily Rejection at AOi
Previous Structure point Daily
Around Psychological Level 149.000
H4 Candlestick rejection
Levels 10.23
Entry 95%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
Short positions are in trouble, how to get out of trouble?Bros, gold accelerated to above 2980 today under the stimulation of news. If you hold a short position in gold, you must be in a trading dilemma, so how to get rid of the trading dilemma has become the current primary goal.
First remember the key node, Thursday. Under normal circumstances, Thursday and Friday are the nodes most likely to cause market changes! And from the candle chart, it is just pulled back to the high area with the stimulation of news. From the regional conversion, we can clearly see that according to the current momentum of gold, it will only reach the area around 2980-2982 (there may be a technical false breakthrough). It is difficult to rise to the vicinity of the 3000 mark in one fell swoop.
If you still have sufficient margin levels to help you get out of trouble, you might as well consider adding more positions near 2980 to continue shorting gold, effectively raising your average cost price. After gold falls back, you can choose to close all short positions and turn losses into profits. However, because gold has risen sharply, we must lower our expectations for the extent of gold's retracement. If gold retraces to the 2940-2930 area, we can consider closing our positions, so that we can turn losses into profits! And I predict that gold will enter a correction market tomorrow at the latest!
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Skeptic | Ethereum (ETH/USD) Analysis: Breakout or Breakdown?Welcome back, guys! 👋I’m Skeptic , and today we’re diving into one of the most popular coins out there— Ethereum (ETH) . Let’s find some solid triggers and setups while picking up a few educational tips along the way. 💡
🔮 4-Hour Time Frame Analysis
As you can see on the chart, after the sell-off candle , ETH entered a 4-hour range box . We witnessed volume decrease during the range formation and a sharp volume spike during the box breakout, confirming momentum increase. Following the breakdown below the box support at $2,521.23, we entered a downward channel, with the price respecting the channel's upper, lower, and mid lines.
📈 Long Setup
To enter a long position, I’d wait for a break above the resistance at $2,144 , which would also indicate a breakout from the downward channel. Keep in mind that this setup is against the current trend, so it’s crucial to use a tight stop loss and secure profits early as reversals are likely.
📉 Short Setup
For a short position, I’d consider entering after a breakdown below the support at $1,751.00 . Additionally, if the RSI re-enters the overbought zone during the breakout, it will add more confirmation. This setup would align better with the prevailing trend, giving us a higher confidence level. To set your profit targets, you can clone the existing channel and place it above or below the current one, as price is likely to react to these levels.
Let me know your thoughts on ETH/USD! 💬 Got any questions? Drop them in the comments, and I’ll be happy to discuss. Let’s grow together, not alone! 🔥
Gold BullsGold (XAUUSD) finally managed to close above the 2930 resistance level at the back of the weak CPI data yesterday. We have already seen it trying to retest the 2950 level during the Asian session today and as I write this during the pre-London session it is pulling back a little bit to make what seems like a big move up again.
The momentum is clearly up and I would not short this market at the moment, even if it is nearing the all time high levels. During the London and NY session today, the best best would be to wait for a pull back around the 2930 or 2920 level, wait for support to be made before taking it towards the high again. There is a chance that it could range before another data realease today during the NY session, so the move could be delayed after the NYSE open at 9:30 NY time.
Usdjpy analysis This chart represents a technical analysis of USD/JPY on the 1-hour timeframe from TradingView, outlining potential price movements based on key support and resistance levels.
Support Level: Marked around 147.175, this level is expected to act as a strong demand zone where buyers might step in if the price retraces.
Current Price: USD/JPY is trading around 148.262, showing signs of bullish momentum.
Potential Price Movement: The chart suggests a possible pullback toward the support level before resuming an uptrend.
First Target: Positioned at approximately 149.678, this is the next key resistance level where price action might encounter selling pressure.
Second Target: Identified near 151.002, indicating further bullish continuation if the first target is broken.
Outlook:
The analysis suggests a bullish bias, but a retracement to support may occur before a potential breakout. Traders may look for confirmation signals before entering positions. The volume profile on the right shows strong activity around these levels, reinforcing the importance of these key zones.
US Market Reversal Emerged? This Week's Closing is CrucialThe final trading day of February. I always take the opportunity to analyze the monthly chart closely.
We saw an inverted hammer. From the cash chart, clearly, we can see the inverted hammer. Beyond that, it also appears to be a potential double top for the Nasdaq.
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Silver's Breakout—From Graveyard to Launchpad?Silver looks great on the charts, closing above $33 for the first time since late October. Previously, this was like a graveyard for bullish raids, putting increased emphasis on the price action over the next few days.
Whether you’re talking price or momentum signals, they suggest this break may stick where others failed, putting a potential retest of the October 2024 swing high of $34.87 into play. We saw a key bullish reversal candle on Tuesday, followed up by further buying on Wednesday, contributing to the bullish break. That’s not surprising given price signals have often proved accurate in silver recently. RSI (14) is trending higher, with MACD confirming the bullish momentum signal.
The ducks are lining up. If silver can’t capitalise in this environment, it will be a telling sign as to where medium-term directional risks may lie.
Those considering bullish setups could buy above $33 with a stop beneath the level for protection. Some resistance may be encountered around $34 and $34.50, with a break above the latter putting $34.87 on the table. $35.36 and $37.46 are long-standing levels located just above.
If silver were to reverse and close through $33, the near-term bullish bias would be invalidated.
Good luck!
DS
$2.36 to $6.54 Strong vertical move $CRVO$2.36 to $6.54 🚀 Strong vertical move on 4 Buy Alerts 🎯 NASDAQ:CRVO
By far beats trading NASDAQ:NVDA NASDAQ:TSLA even on their strongest day
it's trading at 137 million shares so far, at $6 per share that's $1 Billion USD exchaning hands and we still have power hour left.
Natural Gas Wave Analysis – 12 March 2025
- Natural gas reversed from round resistance level 5.0000
- Likely to fall to support level 3.815
Natural gas recently reversed from the resistance area between the round resistance level 5.0000, the upper weekly Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from 2022.
The downward reversal from this resistance area stopped the earlier weekly upward impulse sequence (3) from the start of 2025.
Given the recent formation of the daily Shooting Star and the overbought weekly Stochastic, Natural gas can be expected to fall to the next support level 3.815.
SPY - L3 Bullish Daily Exhaustion SignalAMEX:SPY first level 3 bullish exhaustion signal on the daily since Jan 2016, when in marked the exact bottom. The other 3 times it happened in the past 30 years were during the 2000-2003 dot com bust.
Within 10 candles after the signal:
75% win rate
+3.5% average move
4 data points over 30 years
GOLD (XAUUSD): Consolidation Phase Complete!📈Gold has been consolidating for more than a week, trading within a broad horizontal range on the 4-hour chart.
Following today's release of US fundamentals, the market is showing bullish momentum.
A breakout above the range's resistance indicates that the accumulation phase may be complete, opening the door for further upside potential.
The next target to watch is the 2950 resistance level.
GOLD (XAUUSD): Accumulation is Over!📈Gold has been consolidating for over a week, remaining within a large horizontal range on a 4-hour chart.
However, after the release of today's US fundamentals, the market appears to be bullish.
Breaking through the resistance line of the range suggests a bullish accumulation has been completed, potentially leading to further growth.
The next focus is on reaching a resistance level of 2950.