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Solana’s breaking above an invh&s that’s also a right shoulder Priceaction is currently above the neckline of this daily chart inverse head and shoulder pattern on solusd with one daily candle close above the neckline so far. Should it trigger the breakout the measured move target is $135 which would put price action above the neckline of a much bigger weekly chart inverse head and shoulder pattern’s neckline. The measured move breakout target for that larger invh&s. Pattern would be around $242. Last October we saw the Dow Jones Industrial chart also start to break above a big inverse head and shoulders pattern that also had a right shoulder which was it’s own smaller inverse head and shoulders pattern just as we are seeing come to fruition now on the Solana chart. We must remember on that chart we had an initial fakeout above both necklines around July so there’s always a chance the initial break above the necklines for this solana chart starts as a fakeout too. However since then, The DJI chart has hit the target of it’s smaller inv h&s target and is very close to hitting its bigger inv h&s target so I’d say using that as a precursor, probability is rather high for solana to also hit both of its breakout targets within the coming months. *not financial advice*
COINBASE:SOLUSD
by DrDovetail
12
Great Pump, but what's next?Morning folks, Well, rally looks great, but absolutely unnatural and has no relation to normal market dynamic. It is pumped externally. This is not a surprise when 80% of spot market and all transactions and depository operation stand in one hands. Bubble? Yes, but it is not totally ripen yet, need some time to grow more... Our setup has worked perfect whatever you've done - either use Stop "buy" order for breakout or just bought near the lows of our consolidation. Our next upside targets are 70K, i.e. previous top and 80-85K. Now price is at overbought and it makes sense to wait for some relief. We will be watching DiNapoli patterns, based on the thrust - either DRPO "Sell" or B&B Buy. It seems that any analysis of BTC market very soon will become useless, because it is not controlled by market natural force any more, it is concentrated and market goes with the direction that BlackRock& Co will choose.
COINBASE:BTCUSD
by Sive-Morten
New bullish movement in progress?The price is marking new highs relating to the intermediate period, this macd, as I have written several times, is configured for the intermediate period (approximately 3 months). At this moment the indicator is marking new highs compared to those made in December 2023, so it is telling us good news, because this in progress could be a new bullish "leg", a new intermediate cycle or a swing, call it what you want . The important thing is that price and indicator agree on the rise that has everything, volatility and directionality, the buyers popped up immediately, with every weakness in the price, many BTC are bought and the halving is very close. I remember that the latter is already discounted in the price, what is not discounted is as long as there is an accumulation by large funds via ETFs, at this moment the expectation on Bitcoin remains high. Confirmation that the correction is over and that we are in a new bullish cycle can be given by a maximum relating to the intermediate period after March 9th.
BITSTAMP:BTCUSD
by Melupira89
Adv. on bearish sideMorning folks, It seems that market is tired a bit from previous ETF rally. Major drivers are worked out already, and market needs something new. Supposedly coming April halving and possible ETH ETF approvement in May are most probable ones. Right now price stands in tight consolidation, which is might be treated as a bullish sign. At the same time, this consolidation is forming at strong Monthly resistance area of 48.5-52.5K, so some downside reaction seems very probable. This could make any rally here very short term and unstable. And this keeps us aside from taking any long positions by far. On intraday charts it is few things that we could consider - bets on breakout of the range might be done by using Stop entry orders near the borders. If you still would like to buy, we have some shape of reverse H&S pattern on 1H chart, that theoretically you could try to use. But, this is very weak setup.
COINBASE:BTCUSD
by Sive-Morten
Contradictive patternsMorning folks, So, intraday H&S patterns that we've discussed last time has started very accurately as we've suggested. But, BTC was not able to break the top, forming minor W&R, grabbing stops around it. Thus, this H&S has failed. This is bearish moment. Dont' forget, that market stands at very unstable area of strong 52K monthly resistance. On daily chart we have two opposite patterns. First is DRPO "Sell", second is bullish grabber. With mentioned situation on intraday charts, it seems that DRPO has better chances. Anyway, if you're conservative - it would be better to stay aside. Still there some advanced ways of trading exist - we provide it in video on our website. It is too much typing to describe it here.
COINBASE:BTCUSD
by Sive-Morten
1
The MacD on btcusd.After a very powerful acceleration, the price found a short-term resistance where it could take a breather. This has thrown a bit of fear into many people, I think it's normal. The tension is high and therefore in some cases the fear of lost profit or mental tiredness sets in. Holding a position open for a long time takes up a lot of energy, so it's okay to take benefits when possible. The MacD highlights how we are in a good moment to recharge, perhaps taking advantage of the panic of those who do not know how to manage feelings. In trading these people are often called a herd of oxen or retail, even if from the numbers we see, at the moment retail is very few, I hypothesize that they will enter the highs or the last wave for the luckiest. The possibility of seeing the price below 50k USD is not excluded, even if the bullish force is always there with buyers crouching just below, ready to take advantage and stop the escape of some lucky calf.
BITSTAMP:BTCUSD
by Melupira89
10 Daily Outlooks. D7. BTCUSD, EURUSD, GOLD☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
BITSTAMP:BTCUSD
by Yelli_trades
1
10 Daily Outlooks. D6. BTCUSD, EU, XAUUSD, USDCAD and others☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
BITSTAMP:BTCUSD
by Yelli_trades
1
51.5K seems vital for short termMorning folks, So, BTC hits our Yearly Pivot Resistance 1 level and in nearest 1-2 months, it will be really decisive time for next direction on the market. Meantime, while BTC is still coiling around, let's take a look at lower time frames. Context remains bullish, so we do not consider any shorts by far. We suggest that 51.5K area will be vital in nearest term. If BTC holds above it - it could start forming reverse H&S on top with upward continuation and start moving to our next 55.5K target. If it fails, then we could get Double Top here and deeper downside pullback first. Thus, if you want to buy - think about 51.5K area, it could let you to place tight stop.
COINBASE:BTCUSDLong
by Sive-Morten
10 Daily Outlooks. D5. BTCUSD, XAUUSD, GU, EU, US100☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
BITSTAMP:BTCUSD
by Yelli_trades
5
Waiting for the pullbackMorning folks, So, upside target of 52.2$ is reached. Now price stands at strong resistance area, including monthly major 5/8 level, Yearly Pivot Resistance 1 and upside weekly XOP target. Additionally we see that daily butterfly has been completed and market is overbought here. Although we do not exclude some wobbling in 52-55K area, so 1.618 butterfly target also could be reached, in nearest time we will be watching for natural downside reaction on strong support area. Now we do not consider any new longs positions. For intraday short positions it seems too early as well, as market has not started yet any reaction on this level
COINBASE:BTCUSD
by Sive-Morten
SasanSeifi 💁‍♂🟡GOLD Long-Term OutlookXAUUSD As you can see, after an uptrend and a new high, the price faced a correction from the 2146 range due to the liquidation of buyers. After the correction, the price rebounded slightly from the 1973 range but failed to stabilize above the 2081 liquidity range and saw another range and correction. Currently, the trend is stuck in a range. In the long-term view, I expect the price to continue to correct to the SELL-SIDE LIQUIDITY 1985 / 1973 range after ranging and consolidating below the 2000 range. In case of correction, we need to see how the price reacts to better understand the continuation of the trend. Additionally, if it faces demand and can consolidate above the important 2075 range, the corrective scenario will be invalidated. In the long term, the target correction ranges are 1950 / 1933, but currently, we are moving forward with the step-by-step chart. 🔵Remember, always conduct your analysis and consider other factors before making any trading decisions. Good luck!"✌️ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
FOREXCOM:XAUUSDShort
by SasanSeifi
The macd on btcusd.With the explosion of the rise that broke the old highs relating to the intermediate period, the price proves to have reliable bullish strength. The Macd highlights that with this crossing, between the signal line and its moving average above the zero line, the short-term correction could be over, therefore a resumption of the upward path again in the intermediate period. I remember that this macd is configured for an intermediate period therefore from 3 months upwards, which is why it is slower to give the signal, but excludes false signals.
BITSTAMP:BTCUSD
by Melupira89
Tactical pause is necessaryMorning folks, So, 47.2K target is also completed. The next one is 50.50-52K, which is a big monthly cluster, including upside weekly XOP target, our XOP here, from reverse H&S target that we're trading now (it stands around 50.50K), Yearly Pivot Resistance 1. But for now it seems market needs some tactical pause. Now major 5/8 monthly Fib resistance is hit, and price is overbought on daily chart. Thus, appearing of small 1H H&S pattern could trigger tactical natural pullback before market will proceed to the next target
COINBASE:BTCUSDShort
by Sive-Morten
3
It Only Took 8 Years. Is GBPJPY Ready For A Higher High?After a strong reversal and a confirmation of a higher low at the end of last week, EASYMARKETS:GBPJPY made its way back to its key resistance area, at around 188.90. This barrier continues to provide strong resistance from the end of November 2023. Also, back in November 2015, the pair struggled to overcome that hurdle, resulting in a prolonged sell-off. It only took 8 years to get back to that area again. Although there is an indication that more upside could follow, we prefer to wait for a breakout first. Additionally, this week we get the British unemployment numbers, together with the CPIs, preliminary GDP and retail sales figures. This data could create more volatility for GBP. If EASYMARKETS:GBPJPY ends up pushing strongly above the 188.90 territory, this will confirm a forthcoming higher high, possibly clearing the way to some higher areas. We will then target the 192.00 zone, which is near the inside swing low of August 7th, 2015. However, if that area is no match for the bulls, our next target could be somewhere near the 196.00 level. This is near the highest point of 2015. Alternatively, to consider lower zones again, a break below the 186.16 hurdle would be required. Recently, it acted as a strong support, meaning that its break may attract a few more bears into the field. We will then target the next potential support area, roughly between the 182.20 and 182.76 levels, which mark the inside swing high of December 27th and the low of January 9th respectively. If EASYMARKETS:GBPJPY continues to slide, our next aim is the 178.60 hurdle, which is near the current lowest point of this year. Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
10 daily outlooks. D1Will analyse markets and possible entries every day for 10 days. Send your pairs or questions ☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion.
CAPITALCOM:US30
by Yelli_trades
1
USDCAD - SEEMS A GREAT TIME!after a long time of overthinking things about trading patterns, reading the news of world, using multiple patterns in different times of the chart etc...i have literally just looked at the charts as simple as i could...in all honesty a simple trendline, support and resistance with common sense is all you really need...sure as we all know investments are a risk...just don't complicate things and just react to hit the trigger...the reality is it's going up or down! just with the simple outlook on a chart you'll feel so much less stressed and let the time do it's thing. i'm no professional expert at wall street or a multi millionaire but what i do have is common sense. just use it with your basic knowledge and with patience you can reap what you sow. thank you for reading, i wish everyone the best trading! :D
Long
by RJLfamily
3