Chart Patterns
GBPJPY - Bearish Control, Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉As per our last GBPJPY analysis (attached on the chart), it rejected the upper red trendline and traded lower.
What's next?
GBPJPY is currently retesting the upper bound of the falling red channel again.
Moreover, the green zone is a strong structure and resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of structure and upper red trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As #GBPJPY is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Euro can reach resistance line of pennant and then dropHello traders, I want share with you my opinion about Euro. The price of the Euro had been gradually declining, forming a series of lower highs and finding support around the 1.1070 - 1.1025 buyer zone. This pullback created the groundwork for a new structure to form as volatility narrowed and momentum shifted. After reaching a local bottom, the market rebounded and began constructing an upward pennant, a classic consolidation pattern that often precedes continuation or reversal, depending on breakout direction. Within this pennant, price respected both trendlines, each approach to the upper resistance was followed by a rejection, and each touch of the support line triggered a bounce. Now, the Euro is moving closer to the resistance line of the pennant once again. Given the overall structure, proximity to the 1.1415 resistance level, and prior reactions from the seller zone, I think the Euro can reach the top boundary and then continue to decline, potentially breaking below the pattern. That’s why I set my TP at 1.1150 points, targeting a move toward the support level and exit from the pennant. Please share this idea with your friends and click Boost 🚀
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Bitcoin Strong-Bullish Above 102000, Remember The Bigger PictureWe've defined $102,000 as the strongest support level ever based on the long-term. This number was extracted using the 2021-2022 bear market. It is mapped which a red dotted line on the chart.
On this chart you can see how this level worked as resistance in December 2024 and January 2025, later to become the strongest support ever now, in May 2025. Bitcoin is 100% bullish as it trades above $102,000.
» I should say super-bullish, hyper-bullish, ultra-bullish, etc.
Right now Bitcoin is safe and sound when considering the bigger picture.
The Altcoins market is also safe and we can continue to accumulate; Buy and hold.
If you have any questions do not hesitate to leave a comment.
Please keep in mind that market conditions can always change. In a day without notice.
Thanks a lot for your continued support, it is truly appreciated.
Namaste.
Bitcoin Weekly, Why $20,000 Is Not Necessary!After closing 7 consecutive weeks green, Bitcoin turned red for the first time. Is this situation bullish or bearish? Will Bitcoin test $20,000 as support before hitting $200,000? Boost & follow to continue reading below.
The fact that Bitcoin found resistance is a non-event. After a very strong rise with 50% growth, it is normal to see a retrace or correction, it is as normal as it gets. Think back to August 2024. Bitcoin crashed and started to recover. The recovery didn't produce one long single up-wave, after some bullish action there was a retrace, this retrace ended in a higher low followed by additional growth. Exactly what I told you would happen if a drop develops. Yes, prices move lower but always end in a higher low. The higher low means that the bullish structure remains intact. An intact bullish structure means that market conditions do not change. This is only negative for those that bought at the top, short-term traders and over-leveraged traders, and those without a plan.
The rest of the market is sound and safe and will continue to profit long-term. Now, how far down will Bitcoin go? Will support be found around $100,000, $90,000, $80,000 or $76,000?
Remember, even if Bitcoin hits $76,000 on a flash crash this is still a higher low compared to $74,500 and thus bullish. We are bullish long-term. So, regardless of the short-term, noise, Bitcoin will continue to grow.
Prepare for the crash.
Buy and hold.
Namaste.
SHORT Tesla, Bearish Chart SetupGood morning my fellow Cryptocurrency trader, I hope you are having a wonderful day. If you decide to call me a genius or whatever... The choice is yours to make.
Here, the TSLA stock (Tesla) is showing some weakness signals. Weakness that can translate into a drop.
Would you like me to point those out?
Ok, we can go through a few of them real-quick.
1) A rising wedge pattern. Always bearish.
2) Decreasing volume. Always bearish.
3) Resistance being confirmed at the 19-February peak.
4) Bearish bat.
These are just a few of the chart signals but it is not only about the signals, there is something in the air... I smell... Huh, what to call it? A flash crash? A market shakeout? A flush? A surprise? Or simply, a retrace?
I don't know... All I know is one thing, TSLA doesn't look bullish anymore.
The chart is saying down.
Let's see what kind of event shows up to match the chart.
Namaste.
AUDUSD: Complex Price Action with Bullish BiasAUDUSD: Complex Price Action with Bullish Bias
AUDUSD is exhibiting a complex price pattern, often characterized by small and choppy movements. The chart shows that the price has been repeatedly halted near the current zone.
If this level holds, the likelihood of a bullish continuation increases, with potential targets at 0.6455, 0.6495, and 0.6530, as indicated on the chart.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Bitcoin Short-Term, Aims Below $100,000 (Alert!)Good morning my fellow Cryptocurrency trader, overall, the market looks great.
The market looks great but never forget that nothing is set in stone, market conditions can always change.
Let's consider Bitcoin for once on the short-term timeframe.
The long-term timeframes are good to spot the bigger cycle; the smaller timeframes are good to know what will happen next.
— Bitcoin 4H TF (Short-term)
Bitcoin hit a new all-time high and was followed by a strong bearish volume session. The action went on to move below a strong resistance zone, the ath range.
Now Bitcoin is trading below "local resistance" and this opens up a bearish bias short-term. When it moves back above $110,000, we can say the bulls are back in. When it trades below $106,000, we can say bearish confirmed.
Here we can see Bitcoin bearish while aiming lower.
If it continues dropping, 100K won't be the end. Either it recovers now, or else we will see a test of the low 90Ks.
Leave a comment if you agree.
Follow if you disagree.
Thank you for reading.
Namaste.
AUDJPY Bounce or Breakdown? Key Levels Ahead
AUDJPY is currently showing bullish signs after a Change of Character (CHoCH) occurred at the 93.800 level. This breakout suggests potential for upward continuation.
The ZigZag structure also supports a bullish wave continuation, with the next Fibonacci-based target around 94.840.
A possible pullback remains valid as long as the price stays above the support zone at 92.700. Any breakdown below that level could weaken the bullish structure.
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📍 4H Chart Analysis (Supportive Confirmation)
On the higher timeframe (4H), the market appears to be forming an Inverse Head and Shoulders pattern , a strong bullish reversal structure.
- The price is currently building the right shoulder , with a potential neckline breakout targeting 96.000 , a strong psychological resistance.
- Two major scenarios to consider:
1. ✅ If price breaks above the neckline and sustains above 96.000, it could lead to a strong bullish rally.
2. ❌ If price fails to complete the pattern and breaks below the shoulder zone at 92.000, it may trigger a bearish move instead.
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🧠 Conclusion
As long as 92.700 holds , the 1H bullish scenario remains valid with a near-term target of 94.840 . The 4H chart adds strong structure support via the developing Inverse Head & Shoulders, favoring buyers — unless invalidated by a breakdown below 92.000.
📈 Active Bullish Setup (Above 92.700)
🎯 Target: 94.840 | Max Bull Potential: 96.000
🛑 Invalidation Below: 92.700 / 92.000 (4H shoulder base)
Bearish Bitcoin Confirmed —$20,000 Is Not Possible, Much Higher!After a lower high, Bitcoin is now on three days red. There is nothing bullish about this chart setup.
Think of it this way: Would you trust me to buy Bitcoin when it was trading below 80K? Now, Bitcoin moves from a low point of $74,500 to a high of $112,000 in less than two months. Isn't it normal for the market to look for some relief, a retrace or correction?
Please, do not be offended by me sharing a simple chart, reading a chart. It is very normal and I always mention that the market never moves straight down, nor straight up. Bitcoin doesn't need to crash, but after a rise of 50%, I wouldn't be surprising to see the development of a higher low.
If you are going crazy right now, maybe you didn't do your homework but it is definitely not my fault. The market moves up and down, up and down... It was going up, now, down we go.
Adapt to market conditions rather than fight.
If you are fighting, then you are not prepared.
If you have to write insults in the comments section, then it means you are not doing your homework.
It is your money. Be smart.
Don't be stupid.
You can do this.
P.S. If you can easily see the market fluctuating and this type of post doesn't create a mental breakdown, then all is good. You are great and you will continue to enjoy huge profits in this 2025 bull market.
Prepare for the crash.
Namaste.
Gold Holding Pattern – Key Resistance AheadOn the 4-hour time frame, XAU is forming a symmetrical triangle pattern, but we haven’t seen any breakout yet, we’re still trading inside the triangle.
If we look at the LTF, we’re currently at the 0.236 FIB level, which isn’t a very strong buying zone, but technically, we’ve broken out of a falling wedge and are now retesting it.
That looks pretty good, and if this setup plays out well, we could see an upward move toward $3,470.
However, there’s a strong resistance around $3,350 to $3,370 that we need to break first. If we break that, it will also confirm the breakout of the symmetrical triangle from the 4-hour chart.
BTC/USD Potential Bullish Reversal – Falling Wedge Breakout WatcBitcoin is showing signs of a potential reversal on the 15-minute timeframe. A Falling Wedge pattern is forming, often seen as a possible early signal for upside continuation.
📌 Technical Overview:
Price is currently testing the wedge resistance.
If price breaks out and retests the wedge, it could lead to a continuation toward the 108,995–109,199 zone.
Strong horizontal support seen around 104,636.
Bullish price action forming higher lows.
📈 Breakout Confirmation:
A clear breakout and retest of the descending trendline could initiate momentum toward the upper resistance zone.
🟢 Target Area: 108,995–109,199
🔴 Support Level: 104,636
⚠️ Invalidation: Below 104,300 zone
🔎 Always observe price action and volume confirmation before making decisions. Use proper risk management.
EURUSD M15 I Bearish Drop Based on the H4 chart, the price is rising toward our sell entry level at 1.1361, a pullback resistance.
Our take profit is set at 1.1296, a pullback support that aligns close the 61.8% Fibo retracement.
The stop loss is set at 1.1392 a swing high resistance.
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Bitcoin faces increasing selling pressure on its way to $120K!
Bitcoin surged to a new all-time high this week, marking its third all-time high (ATH) of the cycle, sparking widespread market activity.
Glassnode data shows Bitcoin profit-taking surges at record highs
According to analysis by Glassnode researchers Cryptovizart and Ukuria OC, the breakout indicates accelerated investor participation in exchanges, derivatives, and exchange-traded funds (ETFs), though the $120,000 region could trigger heightened selling pressure.
Glassnode’s latest “Heating Up” report details how Bitcoin’s rally has pushed unrealized profits to “ecstasy phase” levels, with the relative unrealized profit indicator exceeding its +2σ band. Still, profit-taking remains below historical extremes, with the firm noting that only 14.4% of days saw higher realized profits.
Analysis by Cryptovizart and Ukuria OC highlights that current spending behavior is “dominated by profit-taking,” as coins deposited to exchanges have realized an average gain of $9,300 — 12 times more than losses.
Glassnode has observed a significant uptick in exchange activity. Centralized platforms now handle 33% of Bitcoin’s on-chain volume, a significant rise in line with price discovery. Researchers link this to increased trading demand, with exchanges seeing daily inflows/outflows of $4 billion to $8 billion.
The enthusiasm is also reflected in the derivatives market, Glassnode reports. Futures open interest has surged 51% since April to $55.6 billion, while options have reached an all-time high of $46.2 billion. The report further highlights that this reflects a “sophisticated investor base” using complex strategies.
Spot ETF inflows have exceeded $300 million per day, maintaining buy-side pressure since late April. Glassnode sees this as a “meaningful tailwind” for the recent breakout of all-time highs from institutional and retail demand. Technically, Bitcoin is trading above key momentum indicators (111DMA: $91.8K; 200DMA: $94.3K; STH cost basis: $95.9K).
However, Glassnode’s MVRV ratio positions the price in the area between +0.5σ ($100.2K) and +1σ ($119.4K) — a region historically associated with overheating. The researchers warn that the $120,000 level is consistent with the STH cost base +0.5σ and could accelerate seller pressure.
Glassnode concludes that while accumulation and leverage trends indicate bullish momentum, consistent behavior around psychological resistance levels such as $120,000 calls for caution, echoing previous cycle patterns.
Gold's long-short conversion!
Gold trend analysis:
After stabilizing at 3285 yesterday, the gains and losses of 3315 during the day are the key to the subsequent layout. The current market price pattern is similar to that of the Asian market last Friday. It once again tested the 3315 position, but it fell back after a high rise. The Asian market did not stand at 3315, which means that the short-term retracement and decline have not ended, and only by breaking through 3315 can there be a chance to continue upward. So first treat it around the pressure and temporarily focus on the range of 3315 to 3280.
Gold is not so strong at the 4-hour level. The market encountered resistance and fell back at the upper track. Now the market has fallen and touched the lower track, indicating that the market is in a volatile trend in the short term. The support below 3280 just coincides with the lower track. The upper side focuses on the resistance near the middle track of 3325. If it breaks through the pressure near the middle track of 3325, it can be seen to the upper track of 3365. If the market breaks below 3280, the market will weaken. At that time, it will be seen near 3250-3230. Intraday trading, 3280 is used as defense to see a rebound. The rise gradually sees 3325. If it breaks through the position of 3325, don’t sell it again!
Strategy:
Sell near the rebound of 3325-3323, TP 3305-3285;
Go long near the callback of 3285-3287, TP3300-3320;
Bearish reversal off pullback resistance?The Fiber (EUR/USD) is rising towards the pivot and could reverse to the support.
Pivot: 1.1424
1st Support: 1.1237
1st Resistance: 1.1555
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DAX Channel Up targeting a 24800 Higher High.DAX (DE40) has been trading within a 1-month Channel Up and appears to be repeating the first Bullish Leg of the pattern.
More specifically, it rose by +5%, similar to April 30 - May 05 and yesterday's correction resembles May 06. With also identical 1H RSI formations (Lower Highs), we expect the uptrend to be extended in a similar structure and again target the 1.382 Fibonacci extension at 24800.
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GBPUSD Bearish Setup | Trend Reversal Setup in Progress...📉 Technical Outlook _
After a strong bullish rally within a parallel ascending channel, GBP/USD is now showing signs of potential reversal. Price action recently broke out of the channel and is failing to reclaim upward momentum, indicating that buyers may be losing control.
🔍 Key Observations:
🟪 Previous Consolidation led to the breakout
📈 Strong bullish structure inside the parallel channel
❌ Price has now exited the channel, with clear signs of rejection near 1.347x
📉 Bearish pattern projecting a potential drop to the support zone at 1.31521
⚠ Watch for This Bearish Scenario:
1. Liquidity grab or false breakout above short-term highs
2. Strong sell-off as momentum fades
3. Clean bearish continuation pattern toward 1.3150 support
✅ Bearish Confluences:
Breakdown from parallel channel
Series of lower highs forming
Weak recovery attempts
Clear downside target with prior support zone structure
🔷 Note: Keep an eye on macro news and USD strength before executing. This is a technical setup with potential, not a guarantee.
📊 What’s your bias? Bullish or Bearish? 👍 Like & 🔔 Follow for more technical setups!
DeGRAM | BTCUSD reached the strong trend line📊 Technical Analysis
● Bulls defended 105 k again: a bullish inside-bar formed on the green demand band and purple trend-line, keeping price glued to the rising-channel median.
● 4 h RSI reset to mid-40s while OBV held flat, signalling dip absorption; pattern projects a swing back to the channel roof/-red supply near 112-115 k if 111 k neckline is cleared.
💡 Fundamental Analysis
● The Coinbase premium flipped positive for the first time in two weeks, reflecting fresh US spot buying just as soft Chicago PMI dragged the DXY lower, easing macro head-winds.
✨ Summary
Buy 105-108 k dips; break above 111 k eyes 112 k then 115 k. Trend intact while price closes above 104 k.
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NAS100 at Risk of Breaking Lower Amid Mixed Signals and End-of-MThe NAS100 is showing signs of weakness, with a clear daily pinbar candle signaling potential downside reversal. After a strong rally, the index appears overextended and vulnerable to a technical retracement. End-of-month profit-taking is likely adding pressure, as traders lock in gains and rebalance portfolios.
Uncertainty around reciprocal tariffs is also weighing on sentiment. Comments from U.S. officials, including Bessent, emphasize the need for renewed dialogue with China—highlighting unresolved tensions that could escalate. These trade concerns are surfacing just as the market is priced for optimism, increasing the risk of a pullback.
From a technical perspective, the daily pinbar near recent highs indicates a rejection of upward momentum. If confirmed with a break below the recent low, a move toward 20,400 or even the 50-day moving average could follow.
Seasonal flows and shifting sentiment may further limit upside in the short term. Any risk-off tone from global headlines or softer macro data could accelerate the move lower. Until the index clears resistance with conviction, the bias may now tilt to the downside. Traders should watch for follow-through signals and consider tightening stops.
Gold can win both in the rise and fall!
Earlier, Trump gave up the threat of imposing a 50% tariff on EU imports, and the market risk appetite further rebounded, suppressing safe-haven assets and causing a sharp drop in gold prices. Today, investors focus on the minutes of the Fed's meeting.
The constant changes in tariff policies and the ups and downs of the international situation affect gold prices at all times.
Short-term analysis of gold; although gold has fallen recently, the decline is not large. The key support is still below, 3285-3280. Those who want to hold short positions for a long time can pay more attention to this range. Today's thinking is mainly to pull back and buy more.
Today's gold operation ideas;
1; You can sell at the 3340 line, with a target of more than $20, and another position is sold at the 3355 line. Try not to sell at other positions.
2; You can buy at the 3290-3285 line, with a target of $10-15.