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Bitcoin (BTC/USD) Potential Breakout from the Downtrend Channel!Bitcoin is currently trading inside a descending channel, with price consolidating in a small range. A breakout from this zone could trigger a strong bullish move toward the upper boundary of the channel. 🔹 Key Observations: BTC is trading within a well-defined downward channel. Current Consolidation: A small range has formed, suggesting a potential buildup before a breakout. Target Projection: If price breaks out, we could see a move toward the 90,790 level, aligning with the upper trendline. 📈 Bullish Scenario: A breakout above the consolidation area may lead to a push toward 90,790. Confirmation of strength will be needed above resistance levels. 🔻 Bearish Risk: If rejection happens at resistance, BTC may continue downward within the channel. 💡 Key Levels to Watch: Resistance Target: 90,790 Current Support: 82,500 Will BTC break out of the downtrend, or will the channel continue to hold? Let’s discuss below! 📊🔥
BINANCE:BTCUSDLong
by PIPsOptimizer
Nasdaq Enters Correction Territory Do we go Deeper Monthly analysis done on the NQ with the ambition to connect with current price activity and gauge a deeper technical understanding on if this is just the start of a bigger correction for the year ahead . Tools used in this video Standard Fib , TR Pocket , CVWAP/ PVWAP Incorporating PVWAP and CVWAP into trading strategies allows for a more nuanced understanding of market dynamics used to assess trading performance and market trends. Date and price range and trend line . Some research below regarding the previous correction that I reference the technicals to in the video . In November 2021, the Nasdaq reached record highs However, concerns over rising inflation, potential interest rate hikes by the Federal Reserve, and supply chain disruptions led to increased market volatility. These factors contributed to a correction in the Nasdaq, with the index experiencing notable declines as investors reassessed valuations, particularly in high-growth technology stocks. VS Today March 2025 Correction: As of March 2025, the Nasdaq Composite has faced another significant correction. On March 10, 2025, the index plummeted by 4%, shedding 728 points, marking its third-worst point loss ever, with only earlier losses during the COVID-19 pandemic surpassing this. This downturn has been attributed to several factors: Economic Policies: President Trump's announcement of increased tariffs on Canada, Mexico, and China has unsettled markets, raising fears of a potential recession Inflation Concerns: Investors are closely monitoring upcoming consumer-price index (CPI) reports to gauge inflation trends, as higher-than-expected inflation could hinder the Federal Reserve's ability to lower interest rates, exacerbating stock market declines Sector-Specific Declines: Major technology companies, including Tesla, have experienced significant stock price declines, contributing to the overall downturn in the Nasdaq Comparison of the Two Corrections: Catalysts: The November 2021 correction was primarily driven by concerns over rising inflation and potential interest rate hikes. In contrast, the March 2025 correction has been influenced by geopolitical factors, including new tariff announcements, and ongoing inflation concerns. Magnitude: While both corrections were significant, the March 2025 correction has been more severe in terms of single-day point losses. The 4% drop on March 10, 2025, resulted in a loss of 728 points, marking it as one of the most substantial declines in the index's history. Investor Sentiment: Both periods saw increased market volatility and a shift towards risk aversion. However, the recent correction has been accompanied by heightened fears of a potential recession, partly due to inconsistent government messaging regarding economic prospects. In summary, while both corrections were driven by concerns over inflation and economic policies, the March 2025 correction has been more pronounced, with additional factors such as new tariffs and recession fears playing a significant role.
CME_MINI:NQ1!Short
by SJTRADESFUTURES
2
#GOLD possible bearish moveAs can be seen in the chart we are probably dealing with a wave (c). Which could turn out to become a Zigzag bearish corrective pattern, which suggest lower economical and geopolitical risk in the next few days. Or it could become a triangle pattern which makes even shallower correction with more difficult technical situation as well as higher risk in the market. Either way, since the previous correction was deep and reached almost 78% of its previous bullish impulsive move, this new bearish corrective move (base on alternation guideline) cannot be deep and can end at around 38%. Best of luck.
TVC:GOLDShort
by mohemati
1
DEEP - Finding The Next Trade SetupDEEP recently took out the January 13, 2025 low at $0.12345 with a Swing Failure Pattern (SFP), followed by a successful retest. This led to a bounce that hit a key level at $0.12141, presenting a solid long opportunity with minimal risk. After this, the market turned bullish, forming a 5-wave structure and rallying to the 0.786 Fibonacci retracement level at $0.18643 (measured from the $0.20473 high to the $0.11922 low). This was a key take-profit zone for longs and a great short opportunity. Adding confluence, the anchored VWAP also acted as resistance just above at $0.19, offering another low-risk short setup. Additionally, a key resistance level at $0.1809 further reinforced the rejection zone. Current Price Action & Short Setup From the 0.786 Fib retracement, DEEP retraced 20% downward, nearly touching the 0.618 retracement of the 5-wave structure before bouncing. Now, price is finding resistance at the golden pocket (0.618 at $0.17347 and 0.666 at $0.17534) of the recent drop, aligning perfectly with the daily 21 EMA ($0.1757) and daily SMA ($0.17347). This setup suggests an ABC corrective move is forming. Using the trend-based Fibonacci extension, the 0.786 extension aligns with the 0.618 retracement at $0.1457, creating a strong short setup. Short Entry: Between $0.17347 - $0.17534 Target: $0.1457 (0.786 trend-based Fib extension / 0.618 retracement) Stop Loss: $0.1845 Risk/Reward: 2.5:1 There’s also potential to extend the target to the 1:1 trend-based Fib extension at $0.13733, but this would depend on price action. Potential Long Setup If price reaches the $0.1457 support zone, this could present a high-probability long opportunity. Entry: Around $0.1457 Risk/Reward: 2:1 or better, but confirmation is needed before executing the trade
Short
by SiDec
4
#Silver bearish counter trend opportunityAs seen in the chart, silver has formed a 5-wave bullish impulsive move and has since begun a bearish move, which could be labeled as wave A. As we know, corrective waves typically occur in three waves. I believe we are nearing the completion of wave B, which could lead to another bearish leg to complete wave C. This entire 3-wave bearish move could then form wave 2 of 5 on a higher degree. Therefore, while we might be looking at a short-term bearish move, according to Elliott Wave theory, there is still significant bullish potential in the coming weeks.
TVC:SILVERShort
by mohemati
Bearish Crab Signals Reversal on NZDJPY: Wave 4 Correction AheadHello Traders, It's been a while guys. Below is my analysis of the NZDJPY pair. A bearish crab pattern has formed on NZDJPY after a bullish rally from 86.273 (September 16) to 91.222, suggesting a potential reversal. The rally from 86.273 to 91.222 is characteristic of an impulsive wave 3, and after wave 3, a corrective wave 4 is expected, which typically retraces a portion of wave 3’s gains. We expect a wave 4 correction targeting 89.341 initially. If wave 4 extends into a deeper correction, the next target levels are: 88.767 (second support level) 88.197 (third support level). The bearish outlook is invalid if the price closes above 91.757. Cheers and happy trading.
Short
by Samuel124
Stock Pricing Above Fundamentals Ahead of EarningsWeekly Chart: NYSE:ANET reports today after the close. The stock has a short-term topping formation that is nearly completed. The prior runs went speculative but then corrected. The top is similar to the previous peak and the depth of correction is likely to be similar. The stock has simply moved beyond fundamental levels. This is NOT likely to turn into a long-term top unless there is something substantially wrong with the company and its products. To become an intermediate-term top, it must have lower highs and lower lows. That is not in the chart at this time. Ideally, the stock needs to shift sideways to build a much stronger support level to sustain a longer-term uptrend. HFTs are in the mix and may gap the stock on earnings news.
NYSE:ANET
by MarthaStokesCMT-TechniTrader
Unlocking XAUUSD Secrets: Prepare for Gold's Next Big Move!Technical Breakdown of XAUUSD Correctively Reached HTF Structure: The price has reached a higher time frame (HTF) structure through a corrective movement. This structure serves as a significant resistance level observed on higher time frames. Impulsively Got Here: Following the corrective phase, the price made an impulsive move upward, indicating strong buying momentum at that point. Forming Correction: After the impulsive move, the price is forming a correction pattern, typically signaling a potential continuation of the previous trend. This pattern is evident as a descending channel or flag formation. Support and Resistance Levels: Resistance at 2,412.678: A significant resistance level that the price tested but did not break through decisively. Support at 1HR LQZ (2,391.555): A key support level on the 1-hour chart where the price found temporary stability. Support at 4HR LQZ (2,348.039): A more substantial support level on the 4-hour chart, providing a strong base for potential reversals. Descending Channel Formation: The price is currently trading within a descending channel. This pattern often suggests a continuation of the prevailing trend upon a breakout. Key Level Highlight: Break Back Above Lower High (LH): The chart notes that a break back above the identified lower high (LH) would indicate a further pullback. This level is crucial as it may signal a change in short-term momentum. Potential Scenarios: Bullish Scenario: Breakout Above Descending Channel and LH Level: If the price breaks out above the descending channel and the LH level, it may indicate a further pullback and continuation of the upward trend. The price is likely to test the resistance zone near 2,412.678 and could move higher if it breaks through this zone. Bearish Scenario: Failure to Break Above LH Level: If the price fails to break above the LH level and descends further, it may indicate a continuation of the bearish trend. The price could test the 1HR LQZ support level first and potentially move down to the 4HR LQZ support level if bearish momentum continues. Consolidation and Patterns: The chart suggests that the price is currently consolidating within a tight range, indicating indecision. This could lead to a significant move upon breakout from this consolidation pattern. Conclusion: Monitoring the breakout direction from the current descending channel and the reaction to the LH level will provide valuable insights for potential trading opportunities. Key levels to watch include the 2,412.678 resistance zone and the 1HR and 4HR LQZ support levels. A breakout above the descending channel would favor a bullish scenario, while a failure to break above the LH level could suggest continued bearish pressure.
OANDA:XAUUSDShort
by Adlercon333
Is the Correction Over?In each cycle, from the bottom to the high in the pre-halving rally, #BTC has seen an increase of 330%-370%, followed by a minimum correction of -38% or, with the exception of the rule (pandemic), -62%. At this moment, a 38% correction means a price of $45,700, while a -62% correction means $27,900. However, I don't think we will see such a large correction now. #Bitcoin could drop below the $50k zone as there is a lot of liquidity waiting to be taken from there. The price from here could have reactions, but I don't think it will make a new ATH from the low at $53,700.
BNC:BLXLong
by TraderX10101
1
#CADCHF short term selling opportunityA short position would be considered if the price could break below the rising wedge pattern. A long position would be initiated if the price could break above the rising wedge pattern and closes above a VWAPs. The trading scenario with the line arrow has a higher possibility of occurring. Confirmations for the shorting scenario: Price below important dynamic resistance. Price creating a rising wedge pattern with a bearish intrinsic nature. bearish divergence between price and momentum oscillator. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Short
by mohemati
Elliott Wave Analysis: Anticipating an Upward move in USDCADHello Traders, Trust you are great. Below is my Elliott wave analysis of USDCAD currency pair Analysis: The structure of the USDCAD currency pair suggests the formation of an irregular Flat corrective pattern. The initial Wave A has taken the form of a leading diagonal, moving downward. Current State: Wave B appears to have completed its formation. The next expected movement is the formation of Wave C. Expectation: An impulsive Wave C is anticipated to move upward towards the 1.37445 - 1.38147 region before a subsequent decline. Invalidation level for the upside projection: 1.3605. Cheers!
Long
by Samuel124
1
Elliott wave Analysis of EURUSDHello Traders, Happy new week to you. Here is my analysis of the EURUSD PAIR. Analysis of the EURUSD wave structure shows corrective waves. Wave (A) formed a leading diagonal, while wave (B) was a shallow correction. Currently, we are likely in wave (C), which may indicate an upward trend within wave (5) of wave (C). After wave (C) completes around the 1.09860 level, we expect a strong downward move. If the price drops below 1.06011 before reaching 1.09860, the wave count is invalidated. Cheers and happy trading
Long
by Samuel124
EURCAD: Anticipating triangle formation and bullish breakoutHello traders, Here is my detailed long-term Market analysis of EURCAD. This is intended to educate those who might be new or at their intermediate level in Elliott wave theory. The EURCAD currency pair is currently exhibiting a sideways trend, which is characterized by relatively stable price movement within a confined range. This type of market behavior often precedes significant price movements once the consolidation phase ends. Analysis Highlights 1. Sideways Range and Potential Triangle Pattern Sideways Range : The EURCAD pair has been trading within a horizontal range, indicating a period of consolidation where neither bulls nor bears have a definitive upper hand. Triangle Pattern Formation : This range is likely forming a triangle pattern. In Elliott Wave Theory, a triangle is a corrective wave pattern typically observed in wave (B) of a zigzag correction or wave 4 in an impulse wave sequence. Wave (B) of Zigzag : The ongoing formation suggests that the triangle could be wave (B) of a larger zigzag pattern, which generally consists of three waves: A, B, and C. The zigzag pattern typically appears in a corrective phase. 2. Anticipated Impulsive Upward Move Completion of the Triangle : Once the triangle pattern completes, it is expected to be followed by an impulsive wave (C). This is typically a strong, directional move which would be upward in this case. Confirmation : For the bullish outlook to be validated, the completion of the triangle pattern in all its constituent waves (labeled A, B, C, D, and E) is crucial. 3. Key Points for a Bullish Outlook Triangle Completion : Wait for the triangle pattern to fully form, completing all its waves. Breakout Confirmation : Look for a breakout above the triangle's upper boundary and a key resistance level. 4. Target and invalidation levels 1.62284 Level: The minimum target for the anticipated upward wave. Invalidation level: When price move below wave C of the triangle. I hope this helps. Cheers and happy trading!
Long
by Samuel124
The GOAT Returns - pt1: SPX to 4800I've been away refining my method and have returned to deliver a series of important predictions for the coming weeks. The first is a look at the general market using S&P futures. Here is a summary of this chart: ** 2 key levels (above and below): 5163 was the breakdown level from back in April - a retest of this level for resistance is very bearish, but if it breaks back above it can continue higher to 5260 where it will run into even greater resistance (dashed green path) 5040 is an equilibrium level that needs to hold as support if bulls want to keep this afloat. A direct break below 5040 is bearish. Expectation : A rejection at/around 5163 in the coming week OR a direct break below 5040 will initiate a selloff to 4800 by May 22nd, 2024. Depending on when we get either of the bearish signals outlined above, the earliest the drop to 4800 could occur is by 5/13/2024. ~We are completing a B-wave and the drop to 4800 will be the C wave in this corrective cycle off the April high. The extent of this B-wave will be determined by the parameters listed above (estimated B-wave will be from current peak 5140 to upper resistance 5260, 5140-5163 is the most likely ) ~Major distribution over the past month. I'm out of all longs and waiting for my signal to enter short positions. Not Financial Advice.
OANDA:SPX500USDShort
by JerryManders
35
Buy the wave of disbelief - GBP/USDThe downtrend has been confirmed after a break of 1.2466. We have just seen the Official Bank Rate in the GBP, the news summary is below: Bank Rate held @ 5.25% Monetary policy is working as expected and inflation is expected to reach its target of 2%. However, they do not feel the time is right to cut the interest rate. Andrew Bailey said he cannot rule out a small rate cut in June. GBPUSD: The idea is to buy the current swing (wave of disbelief), this is expected to be a strong reversal to clear all the stops above the current price. This wave should not take the high of last week's 1.2634, but we are expecting the 1.2564 to be broken before we can start to think of selling again.
Long
by Charts247TradingAcademy
3