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GBP/USD at 1.2880, Awaits NFP ReportGBP/USD holds modest gains around 1.2880 in Friday’s Asian session, recovering from the previous decline as investors await the US Nonfarm Payrolls (NFP) report. Meanwhile, the US Dollar Index (DXY) extends its five-day decline, pressured by falling Treasury yields, with the 2-year at 3.94% and the 10-year at 4.24%. Markets increasingly expect the Federal Reserve to adopt a more aggressive rate-cutting stance due to economic growth concerns. Analysts at MUFG Bank suggest the Fed may shift focus from inflation control to economic growth, especially amid tariff uncertainties. Consumer confidence has weakened, reflecting rising household concerns. In the UK, expectations for BoE rate cuts in 2025 have dropped below 50 basis points. BoE’s Catherine Mann stated that gradual rate changes are ineffective in volatile markets, advocating for larger cuts to provide clearer policy signals. If GBP/USD breaks above 1.2920, the next resistance levels are 1.2980 and 1.3050. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
by ChartMage
Euro Surges Above $1.08 on ECB Rate CutThe euro rose above $1.08, hitting a four-month high after the ECB’s expected 25bps rate cut. The central bank signaled a less restrictive stance but hinted at a pause in further cuts, shifting its rhetoric away from "restrictive policy." Markets now anticipate one or two more 25bps cuts this year. The euro also gained support from expectations of increased government spending. EU leaders are meeting for a special defense session, where Commission President Ursula von der Leyen proposed an €800 billion plan, including €150 billion in loans, to strengthen defense capabilities despite budget constraints. Key resistance is at 1.0840, followed by 1.0900 and 1.0950. Support stands at 1.0730, with further levels at 1.0700 and 1.0650.
by ChartMage
TradeCityPro | Bitcoin Daily Analysis #25👋 Welcome to TradeCity Pro! Let's dive into the analysis of Bitcoin and the key crypto indices. Today, I want to review the important futures triggers for the New York session. Yesterday, the market made an upward leg. Let’s analyze to see what triggers are suitable for today. ⏳ 1-Hour Timeframe As observed in the 1-hour timeframe, following the activation of the trigger at 88258, the price moved upwards and broke through the 90513 area, and is currently pulling back to this area. ⚡️ An interesting point about the Fibonacci zones is that even now, as the price is projecting after correction, it is respecting the Fibonacci zones as resistance. As seen, breaking through each of these zones results in a short upward leg that can be traded in shorter timeframes. ✅ A negative aspect visible from yesterday till now is the divergence in volume, which is decreasing during upward legs and seems to increase during corrections, indicating a divergence. 📊 Given that the price has not yet reached the 94355 ceiling and is currently forming a lower peak relative to this area, breaking 90513 and 53.29 on the RSI could allow for a risky short position. Be cautious as this position isn't very secure due to the weak trend momentum, potentially preempting a trend change. 🔼 The primary short position can be entered upon the breach of 88258. This area is currently a significant support, and if the price consolidates below this area, it could move towards 83151. 🛒 For long positions, the only trigger we currently have is 94355, and I can't provide an earlier trigger because the price is very close to this area. Taking a long position before this area is breached might lead to a stop-out. However, if you're eager for a long position and a pullback to 90513 is confirmed, you might consider entering a very risky long position. 🔑 If you already have multiple open positions from previous triggers, you might consider securing profits or closing one. If you have a single position open, you need to decide whether to take the risk of Trump’s session and keep it open in hopes of a market pump or play it safe and close it beforehand. 👑 BTC.D Analysis As observed, dominance continues to oscillate between 60.40 and 61.61, having been rejected from the 61.61 ceiling and returned to the box. 🎲 Given the current downward momentum of dominance, we can expect a continued decline to the bottom of the box, which could potentially propel altcoins upwards. However, if dominance successfully closes above 61.61, more capital will flow into Bitcoin, pushing it higher. 📅 Total2 Analysis Yesterday, we saw an upward movement in Total2 after it solidified above the 1.13 area, allowing some altcoins to make an upward leap. We don’t have a specific trigger for long positions in Total2 today, but a crucial note about altcoins is that American-origin altcoins like HBAR, AAVE, XRP, ADA could pump significantly if Trump makes positive remarks about crypto, so keep an eye on these if they trigger. 🎲 For short positions, the only trigger in Total2 currently is the fake breaking of the 1.13 breach. 📅 USDT.D Analysis USDT dominance found support at 4.82 and formed a green candle on this level. Given it had previously faked a break of this area, we might prematurely confirm its bullish turn. 🌿 If the 4.82 level is broken again, we can confirm the downward trend in dominance, which could cause the market to move upward. For a bullish confirmation, a higher low and high above 4.82 would confirm a bearish market direction. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Long
by tradecitypro
1
Precious Metals Gain as U.S. and China Exchange New TariffsSilver surged past $32.5 per ounce in early March, fueled by a weaker dollar and safe-haven demand amid escalating trade tensions. The U.S. imposed tariffs on Canada, Mexico, and an additional 10% on Chinese goods, raising China's total tariff to 20%. In response, Canada levied a 25% tariff on $155 billion of U.S. imports, while China announced 10%-15% tariffs on U.S. goods starting March 10 and new export restrictions. Traders now await Friday’s U.S. nonfarm payrolls report for Fed policy signals. If Silver breaks above $32.75, the next resistance levels are $33.15 and $33.80. On the downside, support is at $31.00, with further levels at $30.20 and $29.75 if selling pressure increases.
FOREXCOM:XAGUSD
by ChartMage
Safe-Haven Demand Lifts Gold Amid US Tariff UncertaintyGold rose above $2,920 per ounce, nearing record highs, as a weaker dollar and trade uncertainty drove safe-haven demand. Trump granted US automakers a one-month exemption from 25% Canada-Mexico tariffs and hinted at more changes. A US official suggested lifting the 10% tariff on Canadian energy if trade conditions are met. Meanwhile, China filed a revised WTO complaint in response to new US tariffs. Investors await the non-farm payrolls report for Fed policy signals. Key resistance stands at $2,923, with further levels at $2,955 and $3,000. Support is at $2,860, followed by $2,830 and $2,790.
EIGHTCAP:XAUUSD
by ChartMage
Pound Surges on BoE Policy OutlookThe British pound climbed to 1.289, its highest since November 12, increased by a weaker dollar, US economic concerns, and tariff effects. Expectations of prolonged high UK rates also supported the pound. BoE Deputy Governor Ramsden warned of persistent wage-driven inflation but noted rate cuts could accelerate if needed. The pound appears less exposed to US tariffs after Trump hinted at a possible UK trade deal. If GBP/USD breaks above 1.2920, the next resistance levels are 1.2980 and 1.3050. On the downside, support stands at 1.2860, with further levels at 1.2760 and 1.2660 if selling pressure increases.
by ChartMage
ECB Rate Cut Expected as EU Unveils €800B Defense PlanThe euro neared $1.08, a four-month high, as increased defense spending and borrowing strengthened Eurozone optimism. Germany’s CDU/CSU and SPD agreed to exceed 1% of GDP in defense spending and create a €500 billion off-budget fund. EU plans to mobilize €800 billion for defense, with €150 billion in loans and more fiscal flexibility. The ECB is expected to cut rates for the fifth time this week. Key resistance is at 1.0840, followed by 1.0900 and 1.0950. Support stands at 1.0760, with further levels at 1.0700 and 1.0650.
by ChartMage
Yen Steady Near 149 as BOJ Hints at Possible Rate HikesThe yen held near 149 per dollar, its strongest in five months, benefiting from a weaker dollar amid a stronger euro and Trump’s tariffs. While Trump eased tariffs for some automakers, retaliatory measures pressured the dollar. BOJ Deputy Governor Uchida signaled potential rate hikes if economic forecasts hold, noting financial conditions remain loose with minimal JGB reductions. Key resistance is at 152.00, with further levels at 154.90 and 156.00. Support stands at 148.60, followed by 147.10 and 145.80.
by ChartMage
TradeCityPro | Bitcoin Daily Analysis #24👋 Welcome to TradeCity Pro! Let's dive into the analysis of Bitcoin and other key cryptocurrency indicators. In this analysis, I want to review the important futures triggers in today's New York session. ⏳ 1-Hour Timeframe Before we start the analysis, let's review the positions we could have opened yesterday. I mentioned that if the area of 83151 was breached, you could enter a short position. As you can see, that happened, and the candle stabilized below this area, and I opened a short position which then hit the stop loss. ⚡️ However, after this occurred, we observed a very strong support candle at this level, which caused this break to be a fakeout, and the price started to move upwards. If you recall, I mentioned that if the price could stabilize above the ceiling, a new upward leg could start, which is why I had placed a stop buy above this area. With the fakeout of the lower support, this stop buy was triggered, and the price began its upward movement. 🧲 Currently, as you can see, the price has also passed the 0.382 Fibonacci area, breaking through it and moving upwards. An important resistance that we had previously charted was at 89318, which, as you see, the price is stabilizing above. If this happens, we could see the price potentially reaching back up to 94355. It's challenging to give a trigger for today because our main trigger, the 0.382 Fibonacci area, has unfortunately been activated in recent candles. 📊 We need to wait for the market to form a structure now. If the break of either the 89318 area or the 0.382 Fibonacci turns out to be a fake, you could consider finding a trigger in lower time frames to open a short position. The reason is that the price is making a lower high compared to 94355. But overall, be cautious about opening risky positions on Bitcoin today and tomorrow because Trump's speech on Friday could move the market significantly, and the market might be less volatile in these two days. 👑 BTC.D Analysis Looking at the Bitcoin dominance, it continues to range between 60.40 and 61.41. As you can see, it's really hard to predict the movements of the dominance as it's mostly ranging between these two levels. 🔼 Currently, it's moving towards the upper limit with a green candle. A higher low has been made compared to the 60.40 area, which increases the chances of breaking out from the top of the box. 🔍 If this occurs, the next resistances are at 62.19 and 62.66. If Bitcoin dominance rises, and the market drops, altcoins will likely fall significantly. If the market rises, Bitcoin might perform better than altcoins. 📅 Total2 Analysis As observed, we saw an upward movement in Total2 yesterday after consolidating above the 1.07 area, starting a new upward leg. Currently, this index has reached the resistance at 1.13, and we need to wait and see if it can break this area. Currently, the trigger for a long position is precisely this break of the 1.13 area. 🧩 If this area is breached, the price could move to further resistances at 1.18 or even 1.23. However, if Total 2 is rejected from this area, we might expect another drop, potentially reaching back down to 1.01. 📅 USDT.D Analysis As seen, yesterday after USDT.D pulled back to the 5.30 area and failed to consolidate above it, we witnessed a significant drop. This initial downward leg saw the price even rise above the 5.08 area, and this morning, after pulling back to this area, as you can see, dominance continues to trend downward with the next significant support at 4.82, which I believe could be reached. 🎲 I don't have much else to say about this dominance because I don't have any specific triggers for today. 📌 Overall, I don't have any specific triggers in the market today; we had one yesterday that was activated, but today I can't specify any particular triggers for you, and it's better to be an observer and wait for significant news from the US, especially the meeting that Trump is expected to hold on Friday, which could be very decisive for the market's future. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Long
by tradecitypro
9
TradeCityPro | Bitcoin Daily Analysis #23👋 Welcome to TradeCity Pro! Let's dive into the analysis of Bitcoin and other important crypto indices. In this analysis, I want to review the important futures triggers in today's New York session. Yesterday, the market was rejected from a significant area and experienced a bearish leg. 📰 Before starting the analysis, it's worth noting that today Trump has a very important speech about tariffs, and if he discusses cryptocurrencies, the market may experience significant fluctuations. Therefore, be cautious about opening high-risk positions today. ⏳ 1-Hour Timeframe In the 1-hour timeframe, as observed yesterday, after the price rose from the 91422 area, I mentioned that if the 94355 resistance were broken, we could enter a long position, and if the 91422 area were broken, we could enter a short position. 🔍 That exact scenario occurred, and after the price created a lower high compared to 94355, we witnessed a significant bearish momentum, resulting in a large bearish candle that engulfed several previous candles, broke the 91422 support, and reached the 89318 area. ⚡️ After this event and several resting and pullback candles that hit the 0.382 Fibonacci area, the price proceeded with its next bearish leg, breaking the 89318 area near the 0.618 Fibonacci zone. With this PRZ break, we can say that all bullish market momentum was wiped out, and the price fully corrected relative to the bullish leg it had previously made, reaching the 85204 area. ✅ This morning, this area was also breached, and the price executed a Downside Extension to the 1.272 Fibonacci Retracement, meaning the market has fully engulfed the bullish leg and even dropped an additional 27% from that leg to date. 📉 Currently, there is support at the 83151 area, which coincides with the 1.272 Fibonacci. If this area is breached, we can expect the Downside Extension to continue, with the next support at the Fibonacci 1.618, a crucial Fibonacci zone. If this area is also breached, there is a static support at 78940. 💥 In the RSI, note the significant bearish momentum in the market. If the RSI can re-enter and stay in the Oversell zone, the likelihood of breaking 83151 or even 78940 will increase. 📊 Regarding volume, as you can see, it mostly shows a ranging structure with a few high-volume candles within this range that can be considered Selloff candles. After these candles, the price had several resting and corrective candles. ✨ Overall, the volume is ranging, and we will see whether buying or selling volume enters the market based on Trump's statements. 🔼 For a risky long position today, you can open a long position with the breakout of 85204. I suggest this trigger because Trump has a speech today, and if this news is favorable for crypto, Bitcoin could move upward again under the news influence, and I think the risk is worth taking if this area breaks. ❌ However, open this position with the minimal risk your strategy allows, and ensure that no more than 0.5% or 0.25% of your capital is at risk if this position hits a stop-loss. 💫 No more to discuss about Bitcoin; let's move on to the analysis of dominances to see what triggers we can find for altcoins. 👑 BTC.D Analysis Let's look at the Bitcoin dominance analysis. As you can see, yesterday I defined a resistance area at 61.48 for you and mentioned that the price might get rejected from this area and the dominance might turn bearish again, which did happen, albeit slightly off at 61.61. ⭐️ Therefore, I have moved this line and adjusted it to this area. Currently, we are witnessing several bearish candles in a row from Bitcoin's dominance, and it seems likely that the dominance could move back down to the 60.40 floor with the bearish momentum it has, and as I've said in the past few days, I still see Bitcoin's dominance trend as ranging. 🎯 The dominance is not very analyzable at the moment, and we need to wait and see which side the box will break. If the box breaks from the 62.19 area, we can say that a lot of money is likely to enter Bitcoin, and Bitcoin could move more than altcoins. If the dominance breaks from the 60.40 area downwards, we can say that more money will enter altcoins. 📅 Total2 Analysis Moving on to the Total2 analysis, yesterday I told you that if the 1.14 level is broken, you could enter a short position if Bitcoin's dominance was rising, which indeed occurred, and the dominance of Bitcoin was rising while this break happened, and the dominance had not yet been rejected from the ceiling, which is why the short position you opened on altcoins could have been much more profitable. 🎲 However, as you can see, I have moved this trigger and transferred it to the 1.13 area because I think this area is cleaner, and as you can see, the price has reacted to it once and is likely to react to this area more in the future than to the 1.14 area. 🔑 Overall, the gray areas you see drawn on the chart are not very important supports and resistances, so I easily move them if the price does not show the reaction I want, and it is not very important to me if their position changes. ☘️ However, as you can see, after the price broke the 1.13 area, it executed its main bearish leg downwards, even breaking the 1.07 area and hitting a shadow to the 1.01 area as you can see, and is currently in a corrective phase. 🔽 The 1.07 area could be very important today, and if this area is broken, we can say that the price could make a deeper correction. But if this does not happen and the price is rejected from this area, we can say that altcoins are ready to execute their next bearish leg at least down to the 1.01 area. ✅ Depending on Bitcoin's dominance, you can decide to open a position on Bitcoin itself today or on altcoins. As you can see, the dominance candles being set suggest a bearish dominance, so if the market gives a short position, Bitcoin will be better than altcoins, but while you are reading this analysis, if you want to open a position, it might be that the dominance turns bullish, in which case a short position on altcoins would be better than on Bitcoin. 📅 USDT.D Analysis Let's look at the Tether dominance analysis. As I told you yesterday, if the 4.82 level was broken, the dominance could start a bullish leg, which did happen, and the market activated its short trigger in Total2 and altcoins, and the dominance moved upwards, even breaking the 5.08 area and with a pullback to this area, reached 5.30. 🧲 This area was previously around 5.21, but as I told you, I easily move lines that are gray if the price does not respect them, and for this reason, I moved this area to 5.30, as you can see, the price has reacted to it and now seems to be correcting. 📊 Unfortunately, I don't have a specific trigger for a bearish turn in Tether dominance, but this 5.30 trigger is a very suitable one for it to turn more bullish, and in my opinion, if the dominance wants to turn more bullish and break this area, it could move again up to the 5.50 area. 🔼 But in case of a correction in dominance, the first very important support exists at 5.08, and the dominance could correct to this area. 📌 Final Words Overall, I think the market today is not very analyzable and can have a lot of sharp and emotional movements, and everything depends on Trump's speech. ❗️ I suggest that if you think the market will go up with Trump's speech, hold a long position, and if you think it will go down, hold a short position if triggers are activated. 🎲 But open this position with the minimum risk you can and are allowed to take because Trump's speech can create a lot of sharp movements in the market, and if you do not risk manage and set a stop-loss, your position can easily be liquidated, so be careful to risk the minimum amount that your strategy allows you to open these positions. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
3
USDJPY - at potential Buy SetupOANDA:USDJPY is nearing a significant support area that has reversed bearish trends into bullish momentum. This support level aligns with prior price reactions and represents a strong foundation for potential upward moves. If buyers confirm their presence with bullish price action, such as long lower wicks or bullish engulfing candles, I expect the price to go toward 151,100. Also, a break below this support could signal further bearish continuation. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management!
Long
by TrendDiva
14
TradeCityPro | Bitcoin Daily Analysis #22👋 Welcome to TradeCity Pro! Let's dive into the analysis of Bitcoin and key crypto indices. In this analysis, as usual on Mondays, I want to review Bitcoin in longer timeframes and explore potential scenarios for Bitcoin in the long term. 📅 Weekly Timeframe In the weekly timeframe, as you can see, the price has formed a very large candle with a big shadow, finally breaking out of the 90,000 to 104,000 range box, dipping below, and re-entering this box. 🔍 The reason for this Bitcoin fluctuation was initially the news of America's 25% tariffs, which caused all stocks and Bitcoin to drop. Even the Nasdaq saw a significant fall, but after Trump tweeted last night about planning to have a Crypto reserve at the US Treasury, 📰 This news caused the price to engulf all the previous downward movement, resulting in the candle you see, which has pulled back to the Fibonacci range between 0.382 and 0.5 and has also pulled back to the SMA 25. If you're looking to buy Bitcoin, you can place a stop buy above last week's candle to make your purchase in the spot market. 👀 However, be aware that Bitcoin is in a high price area, and make sure to manage your risk. If the 104,000 area is broken, higher targets will be accessible. If this happens, I will update the analysis and inform you of higher targets. 🔽 If the price drops, the Fibonacci areas are clearly defined, and the main support is at 72,000. I have nothing more to say about Bitcoin in this timeframe; let's move to the daily timeframe to see what triggers we can find there. 📅 Daily Timeframe In the daily timeframe, as you can see, we can observe the movement influenced by the news in more detail. As I mentioned in the analysis, with the break of the 92,433 area, we could have opened a short position for Bitcoin to make a deeper correction to the Fibonacci confluence area between 0.5 and 0.618. 🔑 As you can see, after several candles hit this range last night, with the news announced by Trump, the price returned above the 92,433 area, and it seems that a V pattern is forming on the chart, and the trigger for this V pattern is at 98,482. ✨ If the price can stabilize above this area, I personally expect it to move at least to the 106,243 area, which is the resistance at ATH. 💥 In the RSI, as you see, it is engaged with the 50 resistance. If the RSI goes above this area and can break it, we will have confirmed the bullish momentum. In this case, if the 98,482 area breaks, I personally will try to have a long position because it can continue and move towards a new ATH with the break of 106,282. 📉 But on the other hand, if all this upward movement that has occurred is a pullback, and the price starts to move downward again, I will definitely inform you in future analyses and announce appropriate short triggers. 💫 In the daily timeframe, the important corrective areas are the same range between 0.5 and 0.618 Fibonacci. If this area is lost, the main support will be 72,753. ⏳ 4-Hour Timeframe Let's go to the four-hour timeframe to slowly review the futures triggers and trades that we can open today and in the coming week. 🔄 As I told you yesterday, with the break of 87,070, we could have entered a long position, but I told you that since it is a holiday, I myself am not opening this position, and I also suggested that you not open this position, which is completely natural, and just because the price has gone up doesn't mean I should say you definitely had to open this position. 📚 We must not trade outside our strategy and always be within the framework of the strategy. In my strategy, on Saturdays and Sundays when the market is closed, I do not open positions for triggers that are not very important, and this trigger was also among those triggers, and I did not open a position. ✅ If you opened it, congratulations, and I hope you have profited and always be profitable. But today, our job is easier for opening long positions because the price has come up one leg, and bullish momentum has entered the market, even the RSI has entered Overbuy once and has reset now, so if the 95,108 area breaks, which I will tell you the exact number in the one-hour timeframe, we can enter a very good long position. 📈 In my opinion, this position will be very logical because, as I said, the price has come up a leg, and now after resting, it is ready to go up the next leg. 🔽 But on the other hand, we can consider all this movement a pullback and a Dead cat bounce. In this case, if the 92,226 area breaks, the price can drop again and move downward. It is better to go to the one-hour timeframe to talk more about this issue and today's positions there. ⏳ 1-Hour Timeframe In the one-hour timeframe, as you can see, yesterday the 87,070 trigger was activated, which I referred to in the four-hour timeframe, and told you that I personally did not open this position, and yesterday I did not open any specific position. 🧲 But today, as you can see, Bitcoin, after being rejected from the 94,355 area, has made a slight correction downward to the 91,422 area. This area overlapped with the SMA 25, and it seems that the price is being supported from this area and can move upward. 🔍 Keep in mind that if the SMA 25 cannot prepare the necessary and sufficient momentum for the next bullish leg, the price can wait until the SMA 99 reaches it. As we saw in the previous bearish leg, the SMA 25 reached the price several times and caused the bearish momentum to be maintained, but with the breaking of the SMA 25 and reaching the SMA 99, the price could not continue the bearish momentum and with the breaking of the SMA 99 and the cross of this SMA with the SMA 25, it caused the market trend to change, and with the news that came, we had an upward leg upwards. 🔼 So, if with a pullback the price to SMA 25 starts the next bullish leg, in case of breaking 94,355, I will open a long position, and if the SMA 25 cannot enter momentum into the market, with breaking 91,422, you can enter a short position. 🎲 I have nothing else to say about Bitcoin, let's move on to the analysis of dominances to see what the market conditions for altcoins will be like. 👑 BTC.D Analysis Let's move on to the analysis of Bitcoin dominance, as you can see in the one-hour timeframe, I've made the chart a bit clearer and marked a box between 60.40 and 61.48 for you, where the price yesterday, after the news came, first had a fake from below and performed a fake break in the area of 60.40, and after the effects of the news wore off, the dominance moved upwards again. 💧 Currently, dominance has reached the area of 60.48, and the scenario I mentioned a few days ago, i.e., re-testing the top of the main box, seems very likely, and with the stabilization of Bitcoin dominance above the area of 61.48, we can expect this dominance to move up to the area of 62.19 and even 62.66, which if this movement coincides with the breaking of Bitcoin resistance, opening a Bitcoin position will be very logical, and if the short trigger is always activated, altcoins can have a very sharp and severe drop. ⭐️ On the other hand, if dominance is rejected from this resistance of 61.48 or performs a fake break, dominance can move down again towards the area of 60.40, in which case we can also open long positions on altcoins and short positions on Bitcoin itself. 📅 Total2 Analysis Let's move on to the analysis of Total2, as you can see, after the area of 1.09 was broken yesterday, Total2 made a more upward move than Bitcoin and moved more upwards than Bitcoin and managed to move up to the area of 1.23, and the reason was that Bitcoin dominance was in an upward falling movement and caused more money to enter altcoins. ☘️ But as you can see, simultaneous with the rise of Bitcoin dominance and the correction of the altcoin market, altcoins made much more corrections than Bitcoin today and have fallen more than Bitcoin today and are supported at 1.14. 🎯 For long positions, you can enter with the break of 1.23, but if the price shows a reaction to the area of 1.18 again, you can enter a long position with the break of this area. I'm keeping this area today and want to see if the price will show a reaction to it in the future or not. If the price does not show a reaction to this area, I will remove it from the chart, and if I see that it shows a reaction and respects this area, I will keep it on the chart. 📉 For short positions, you can also look for altcoins that are on good support floors in case of breaking 1.14, and if Bitcoin dominance rises, and these altcoins can open a short position. 📅 USDT.D Analysis Let's move on to the analysis of Tether dominance, as you can see, yesterday the 5.08 trigger in dominance was activated, causing the dominance to fall and with the fall of dominance, the market moved upwards. ✅ Currently, dominance is on a very important support that I had previously specified for you, which is 4.60. This area was previously in the range of 4.62, and the price showed a slight reaction to this area, and I moved this area. ✨ In the pullback of Tether dominance, this pullback has hit the area of 4.82, which I had previously specified for you, and it currently seems ready to perform its next downward leg. ⚡️ As you can see, a V pattern had also formed in Tether dominance, which was activated with the break of 5.08, and the first downward leg was performed up to the area of 4.60. Currently, the trigger for confirming the downward dominance of Bitcoin is this area of 4.60, and if the dominance is stabilized below this area, we can confirm the downward dominance, but on the other hand, if the dominance is stabilized above the area of 4.82, we can expect an upward leg to be performed on dominance. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Long
by tradecitypro
5
ETHUSDT Long by TeamPWRTradesTeamPWRTrades ETH Long Idea Although the general Crypto market has been showing weakness, we are expecting Bullish movement for ETH in the next coming days. Based on Daily candles there is still a possibility of ETH heading towards it's daily support zone at 1800. Our team recommends using low leverage 1-2% of capital for this trade due to the daily volume signaling a possibility of ETH reclaiming 2500-2800 zone. Enter 1: 2160 2: 2210 TP1: 2500 TP2: 2800 SL: 2088 Trade Active Happy Trading, TeamPWR
Long
by TPTCrypto
4
TradeCityPro | Bitcoin Daily Analysis #21👋 Welcome to TradeCity Pro! Today, we're going to dive into the analysis of Bitcoin and the crucial crypto indices. I will review the significant futures triggers for today's New York session. The market conditions haven't changed much from yesterday and continue to range between 83,779 and 87,070. ⏳ 1-Hour Timeframe In the 1-hour timeframe, as you can see, I've outlined the Fibonacci levels because it seems that the previous bearish leg has ended, and the market is ranging, preparing for either a trend reversal or the next bearish leg. 🔄 Yesterday, I mentioned that it appeared the price was pulling back to the SMA 99 and that if the trigger at 83,779 was breached, we could confirm a pullback to the SMA 99 from the market. As you see, this did not happen, and the trigger at 83,779 was not activated. 🔍 As observed, there is a cross between the SMA 99 and the SMA 25, which has led the market to start ranging. Currently, there's a very important PRZ (Potential Reversal Zone) above the price, overlapping with the 0.5 Fibonacci zone and the resistance at 87,070. This makes it a critical area, and I suggest you stay behind the chart to see how the price reacts to this area. 🔽 If the price gets rejected from this area, we can take an early trigger for a short position, and if this area is breached, you can proceed to take a long position. However, be mindful that today is Sunday, and as you can see, the market volume has significantly decreased. This happens because the bearish leg has ended and the market is correcting, but also because it's Sunday and during weekends, market volume typically decreases. I recommend keeping an eye on risky positions such as the one at 87,070 during holidays or when the market volume is low. ⚡️ However, there are areas that are still good for opening positions even on holidays like Sunday when the market volume is low, such as the area at 83,779. In my opinion, this could cause the price to move towards its next bearish leg if this area is breached, so even if the market volume is low and it's a holiday, I think if this area is breached, significant selling volume will enter the market and for this reason, I try to keep a short position open if this area is broken. 💥 The RSI oscillator, as you see, has moved above the 50 area, and breaking this area could be a good momentum confirmation for opening a short position. If the RSI enters the oversell area, we can have momentum confirmation for the start of the next bearish leg. 👑 BTC.D Analysis As you can see, I had marked a trigger at 61.21 yesterday, which the price didn't manage to break convincingly, showing little respect for this area, so I have removed this line. Currently, it seems that Bitcoin dominance is ranging between 61.91 and 61.49, and I believe that sooner or later, the large box ranging from 60.48 to 62.19 will be broken. ✨ If this break is from above, Bitcoin dominance could even experience more bullish legs, increasing Bitcoin's dominance in the market. However, if dominance breaks from below and the market turns bullish, altcoins could perform very well. 🔼 The trigger for today's dominance is that if 60.91 is broken, we can confirm a bearish turn in dominance, and conversely, if 61.49 is broken, we can confirm a bullish turn. 📅 Total2 Analysis As you see, Total2 was supported from 1.01 and has moved upwards to 1.09, where it is currently being rejected. The SMA 99 in Total2 has also reached the price, and the price has reacted to it. 📉 We have a very risky trigger for a short position on Total2, which is the break of 1.06; this position is very risky and can be opened as a scalp in lower timeframes.The primary target I can consider for this position will be the area of 1.01. 📅 USDT.D Analysis As you observe, Tether's dominance was rejected from 5.21 and could not stabilize above this area, creating a very small ranging box between 5.08 and 5.21. Currently, it's near the area of 5.08, and if this area is broken, dominance could drop to 4.92. 🎲 This drop would likely boost the market upwards, and if this area is broken, depending on Bitcoin's dominance, you can decide to open positions on altcoins or Bitcoin. 💫 Conversely, if dominance is supported from this area and moves towards 5.22, and if this area is broken, you can open short positions on altcoins or Bitcoin. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
9
TradeCityPro | Bitcoin Daily Analysis #20👋 Welcome to TradeCity Pro! Let's dive into the Bitcoin analysis and key crypto indices, where I will, as usual, review the futures triggers for today's New York session. The market had an upward and corrective movement yesterday, rising from the support at 78,940. Today, I aim to examine the market conditions for you. ⏳ 1-Hour Timeframe In the 1-hour timeframe, as you can see, the price has risen from the support at 78,940 and managed to exceed the area of 83,779. A V pattern has formed and has been activated, moving the price upward. It appears that the break of 83,779 so far was a fake break. 🔼 If 83,779 is broken again, you can enter a short position targeting 78,940, but keep in mind that since the price has already faked a break, there might be an upward momentum entering the market. If 82,770 breaks, you could consider taking the risk of opening a long position. ⚡️ Personally, I prefer to open a long position with the minimum risk allowed by my strategy, but if 83,779 breaks, I will open a short position with usual risk. As you can see, the price has also hit the SMA 99 and seems to be getting rejected from it. 📉 This could be another suitable confirmation for a short position, and if the price cannot stabilize above this SMA and gets rejected from this area, breaking 83,779, we could even expect the next bearish leg towards lower lows, although the first target for us would be 78,940. ✅ The RSI oscillator has also moved out of the oversell zone and above the 50 area. A break of the 50 zone could reintroduce bearish momentum into the market. 📊 Keep in mind that today is Saturday, considered a holiday, and the market volume is very low. I generally prefer the market to range on such days and then start moving afterward. 👑 BTC.D Analysis Let's move on to analyzing Bitcoin dominance to see how Bitcoin's dominance over the market has changed compared to yesterday. As you can see, after being supported at 60.48 and breaking the 60.91 area, it's moving upwards again. 💫 As I mentioned, a range box has formed between 60.48 and 62.19, and I told you yesterday that if the dominance stabilizes above 60.91, it could start moving towards the box's ceiling. 🎲 As you can see, this movement has started, and so far, the dominance has reached 61.21. We need to see how the dominance reacts to this area. If this area breaks, the next resistance levels for dominance will be 61.49 and 62.19. 🧲 I have nothing more to say about Bitcoin dominance. It seems to be forming an upward structure, and if this upward structure coincides with the next bearish leg of Bitcoin, altcoins could provide very good short positions and experience sharp declines. 📅 Total2 Analysis Let's move on to analyze Total2 to see what the triggers for altcoins will be. As you can see, Total2 was supported from 1.01 and has moved upward to 1.09, where it is currently being rejected. 🔍 As you observe, the SMA 99 in Total2 has reached the price and the price has reacted to it. We have a very risky trigger for a short position on Total2, which is the break of 1.06; this position is very risky and can be opened as a scalp in lower timeframes. 🚀 The highest target I can consider for this position will be the area of 1.01. 📅 USDT.D Analysis Let's move on to the analysis of Tether dominance. As you see, Tether's dominance was rejected from 5.50 and has moved downward, reaching back to 5.21. This index, like Bitcoin and Total2, has reached the SMA 99 and been supported from this area, and could perform its next bullish leg after breaking 5.21. 💥 In this case, you could confirm the bullish turn of Tether's dominance and validate this dominance for the next bearish leg of the price. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
7
UNIVERSOFSIGNALS| Bitcoin Daily Analysis #19👋 Welcome to UNIVERSOFSIGNALS ! Let's dive into the analysis of Bitcoin and important crypto indices. As usual, I will review today's future triggers for the New York session. Today's analysis will be conducted in the 4-hour timeframe, as the 1-hour timeframe does not provide the clarity of price information we need, and the 4-hour timeframe is better suited for today's analysis. ⏳ 4-Hour Timeframe As you can see, after the price broke through the $95,108 area, we witnessed a significant drop on the chart, with the first bearish leg reaching down to $87,070 and subsequent legs moving to lower areas. Currently, the price has reached the support at $78,940 and has been supported there. 🔍 As you can observe, the volume of the price candles is very high compared to the green candles, which clearly indicates that the market's control is heavily skewed towards sellers. ✨ The RSI oscillator, after forming a Double Bottom in the oversell area and returning to the normal zone, re-entered the oversell zone yesterday, which led to another bearish leg after breaking the $83,779 trigger, which I had previously identified for you, and the price then proceeded to perform its next bearish leg. 💥 Currently, we have positions open from the $95,108 and $92,433 areas, and if you have been following and looking to open more positions, you would have also opened positions upon the breaks of $87,070 and $83,779. Given the sharp market downturn, you would have made a considerable profit by now. ✅ I suggest that if you have open short positions from any of the levels that were breached, to take profits and even close the position because it seems the market has completed its downturn and might start correcting or ranging. 🧩 The range I anticipate the price might oscillate within is between $72,940 to $82,700, but keep in mind that these analyses are my personal opinion, and the price could break the $78,940 area and perform its next bearish leg at any moment. In that case, I would personally open a short position and ensure to have a short position open in case of a break below $78,940. 🔽 Today, apart from this short trigger, I cannot give you another trigger. This short trigger is very risky, and you should open this position with the minimum risk your strategy allows. 👑 BTC.D Analysis As observed in the 4-hour timeframe, BTC.D is currently forming a smaller box between the areas of 60.48 to 60.91 and continues to fluctuate within this box, so no specific trend can be predicted. 🔑 However, if the area of 60.48 breaks, we can be more hopeful for an altcoin rally, expecting that altcoins might recover some of the ground they have lost because, along with Bitcoin's ranging, Bitcoin dominance has been increasing, and altcoins have been bearish for several months. 📅 Total2 Analysis Moving on to Total2, as you can see, Total2 was rejected from the crucial area of 1.13, which I mentioned before, and broke the 1.07 area, currently registering a floor at 1.01. This area was not historically significant, and the price has reacted alongside Bitcoin, so we need to see how Total2 moves. ⚡️ If the 1.01 breaks, you can open a short position, which I will also be doing. However, I will open this position only if Bitcoin dominance turns bullish, expecting further declines in altcoins if that happens. 🔼 For a long position, you need to wait until the price forms a new upward structure, and if it moves sharply upwards, you can enter on a break of 1.13. 📅 USDT.D Analysis As I mentioned yesterday, there was a significant resistance area at 5.45 in USDT.D, where Tether's dominance was rejected from slightly higher at 5.50, and we are seeing a red candle which might indicate the start of a correction and the end of this bullish leg in dominance. ⭐️ The only trigger for a bullish scenario in USDT.D dominance and a market downturn is 5.50, and for a long position and a decline in Tether's dominance, there is no trigger at this moment. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by UNIVERSOFSIGNALS
TradeCityPro | Bitcoin Daily Analysis #19👋 Welcome to TradeCity Pro! Let's dive into the analysis of Bitcoin and important crypto indices. As usual, I will review today's future triggers for the New York session. Today's analysis will be conducted in the 4-hour timeframe, as the 1-hour timeframe does not provide the clarity of price information we need, and the 4-hour timeframe is better suited for today's analysis. ⏳ 4-Hour Timeframe As you can see, after the price broke through the $95,108 area, we witnessed a significant drop on the chart, with the first bearish leg reaching down to $87,070 and subsequent legs moving to lower areas. Currently, the price has reached the support at $78,940 and has been supported there. 🔍 As you can observe, the volume of the price candles is very high compared to the green candles, which clearly indicates that the market's control is heavily skewed towards sellers. ✨ The RSI oscillator, after forming a Double Bottom in the oversell area and returning to the normal zone, re-entered the oversell zone yesterday, which led to another bearish leg after breaking the $83,779 trigger, which I had previously identified for you, and the price then proceeded to perform its next bearish leg. 💥 Currently, we have positions open from the $95,108 and $92,433 areas, and if you have been following and looking to open more positions, you would have also opened positions upon the breaks of $87,070 and $83,779. Given the sharp market downturn, you would have made a considerable profit by now. ✅ I suggest that if you have open short positions from any of the levels that were breached, to take profits and even close the position because it seems the market has completed its downturn and might start correcting or ranging. 🧩 The range I anticipate the price might oscillate within is between $72,940 to $82,700, but keep in mind that these analyses are my personal opinion, and the price could break the $78,940 area and perform its next bearish leg at any moment. In that case, I would personally open a short position and ensure to have a short position open in case of a break below $78,940. 🔽 Today, apart from this short trigger, I cannot give you another trigger. This short trigger is very risky, and you should open this position with the minimum risk your strategy allows. 👑 BTC.D Analysis As observed in the 4-hour timeframe, BTC.D is currently forming a smaller box between the areas of 60.48 to 60.91 and continues to fluctuate within this box, so no specific trend can be predicted. 🔑 However, if the area of 60.48 breaks, we can be more hopeful for an altcoin rally, expecting that altcoins might recover some of the ground they have lost because, along with Bitcoin's ranging, Bitcoin dominance has been increasing, and altcoins have been bearish for several months. 📅 Total2 Analysis Moving on to Total2, as you can see, Total2 was rejected from the crucial area of 1.13, which I mentioned before, and broke the 1.07 area, currently registering a floor at 1.01. This area was not historically significant, and the price has reacted alongside Bitcoin, so we need to see how Total2 moves. ⚡️ If the 1.01 breaks, you can open a short position, which I will also be doing. However, I will open this position only if Bitcoin dominance turns bullish, expecting further declines in altcoins if that happens. 🔼 For a long position, you need to wait until the price forms a new upward structure, and if it moves sharply upwards, you can enter on a break of 1.13. 📅 USDT.D Analysis As I mentioned yesterday, there was a significant resistance area at 5.45 in USDT.D, where Tether's dominance was rejected from slightly higher at 5.50, and we are seeing a red candle which might indicate the start of a correction and the end of this bullish leg in dominance. ⭐️ The only trigger for a bullish scenario in USDT.D dominance and a market downturn is 5.50, and for a long position and a decline in Tether's dominance, there is no trigger at this moment. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
20
TradeCityPro | Bitcoin Daily Analysis #18👋 Welcome to TradeCity Pro! Let's dive into the analysis of Bitcoin and key crypto indicators. Yesterday, the price broke the critical support level at $87,700 and proceeded to the next bearish leg. Today, we'll explore what might happen to Bitcoin in the future and identify appropriate triggers for opening positions in the New York session. ⏳ 1-Hour Timeframe As you can see, yesterday the price was rejected from $89,458 and moved downwards, breaking the support at $87,070 and dropping to the area of $83,779. ⚡️ As you notice, I have adjusted the Fibonacci that I had drawn. This is because the price did not even correct to the 0.382 Fibonacci level. In fact, the correction and rest that occurred up to $89,458 was not a true correction, but rather a part of the bearish leg. ✅ As you can see in this new form that I have drawn Fibonacci, the 0.5 and 0.382 levels have become very important areas and can be considered significant resistance zones for the price. ♟ Currently, after reaching $83,779, the price has found support at this level, and as observed, the RSI has shown significant divergence with the previous bottom, and after the divergence trigger in the RSI hit 50, we see that the price has managed to form a green candle. 🔍 If the price can rise above this level again and return to the box between $87,070 and $89,458, we can say that the bearish trend has temporarily ended, and the market wants to create a new structure for opening positions. 🧪 As we did before, we supported from $87,070 and took a day of rest in this area. We opened a position when it broke $87,070, and I hope you were with us and opened your position. 🔄 From the positions we previously held from higher areas like $95,108 and $93,433, I suggest using Dow Theory to close your positions if the price establishes a higher floor and ceiling. You can also place your active stop loss above the resistance area of $89,458, which corresponds to the 0.5 Fibonacci level. 📈 However, for opening positions today, if the price moves sharply upward and forms a V pattern, you could consider opening a long position if it breaks $89,458. But this position is very risky, and I personally won't open it because the market trend and momentum are completely bearish, and I see no sign of an upward trend. 🔽 For short positions, if the price is rejected from $87,070, you could open a short position in the lower timeframes if this trigger breaks. However, if you want to behave more securely, you can open a short position if $83,779 breaks. 🎲 I will not be joining this position because I have positions open from higher up, and I don't want to disrupt the average of my position and have it move lower. I think the price has fallen enough and now needs rest, although my view might be wrong, and the price could from here again commence the next bearish leg. 👑 BTC.D Analysis Let's move on to analyzing Bitcoin dominance to determine which coins might be more appropriate to trade today. As we see, there was another drop in Bitcoin dominance, this time breaking the area of 90.61, and dominance has returned to the previous low of 60.48, where it found support. 🧩 As Bitcoin corrected, Bitcoin dominance also increased, causing Bitcoin to perform deeper corrections compared to altcoins. 🧲 When we get to Total2, we'll see that Bitcoin has corrected more than altcoins, but determining the trend in Bitcoin dominance is a bit difficult as it's nearly forming a large range box between 60.48 and 62.19. As long as it's in this box, it's hard to determine a clear trend, and it might move towards the bottom or top of the box. 💥 However, since we are currently at the bottom of this box, if dominance again stabilizes above 60.21, we can take this as confirmation of becoming bullish. If the bottom of the box, which is 60.48, breaks, dominance could move to its next bearish leg targeting 59.84. 📅 Total2 Analysis As you observed, alongside the drop in Bitcoin dominance, the market also fell, which caused Total2 to not lose its important area of 1.07 and to bounce back from there, moving upwards. ✨ But as I mentioned, the increase in Bitcoin dominance caused Bitcoin to correct more than altcoins, but overall, Total2 is in a better situation than Bitcoin because Bitcoin was supported at a lower level and lower support, but Total2 bounced back from the same support at 1.07 and is moving upwards. 💫 I expect a box to form between 1.07 and 1.13, which overlaps with the 0.382 Fibonacci, and Total2 could create a structure in this box. Today, if any of these structures break according to Bitcoin dominance, you can open positions, but given that Bitcoin dominance is falling, I prefer to open a position on Bitcoin if the bottom of the box breaks and if I want to open a long position, do it on altcoins unless Bitcoin dominance rises from the bottom of its box and starts moving upward again, becoming bullish. 📅 USDT.D Analysis Let's go to the analysis of Tether dominance. As you see, dominance broke the resistance at 5.04 and made another upward move to the resistance at 5.21. ⭐️ Currently, dominance is moving downwards again and has entered a corrective phase. There is a very important floor at 4.92, and as long as it is above this area, I see the trend of Tether dominance as bullish. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
20
TradeCityPro | Bitcoin Daily Analysis #17👋 Welcome to TradeCity Pro! Let’s move on to the analysis of Bitcoin and key crypto indices. As I mentioned yesterday, there was a possibility that the market would undergo a correction and start ranging, and that’s exactly what happened. ✨ The price hasn’t changed much compared to yesterday, and the short positions we opened remain open for now. There’s no need to take profits yet. Let’s analyze the market to identify today’s triggers or the ones that might signal when to take profits on previous positions. ⏳ 1-Hour Timeframe As you can see in the 1-hour timeframe, after the price formed a base at 87,700, it entered a ranging phase. The RSI, after being rejected multiple times from the 30 level, has finally exited the oversold zone and has now reached 50, indicating that the bearish momentum has slightly weakened. ⚡️ The current minor resistance is at 89,458, and if the price closes above this level, we can take partial profits on our short positions, securing the desired profit from this market move. 👀 However, as you can see, I have placed a Fibonacci retracement on the chart since the price completed a bearish leg and, after reaching the 82,770 low, this bearish leg can be considered complete. Now, we are in a correction phase. As you can see, the price has not even retraced to the 0.382 Fibonacci level yet, forming a lower high below this zone. 🔼 This indicates that buyers are weak in the market, and sellers remain in control. If the price closes above 89,458, the likelihood of deeper corrections increases, which could extend to the 0.5, 0.618, or even 0.786 Fibonacci levels. 🧲 A crucial point about this Fibonacci retracement is the zone between 0.5 and 0.618, where the price has already reacted in the previous bearish leg. More importantly, the 92,433 support that was broken aligns with the 0.618 Fibonacci level, making this zone a critical PRZ (Potential Reversal Zone). 🔑 If the price breaks below 87,070, you can enter a short position, but for longs, I suggest waiting until the price forms more structure and buyers step into the market, leading to bullish momentum. 👑 BTC.D Analysis Let’s move on to Bitcoin dominance analysis. As I mentioned yesterday, BTC dominance got rejected from 62.19, and I had said that a bearish trend was likely. That’s exactly what happened, and after BTC dominance broke below 61.49, it moved downward in a bearish leg to 60.91. Now, it is in a corrective phase. 💫 The confirmation of further downside for BTC dominance will come if it breaks below 60.91, which could trigger the next bearish leg. Currently, I do not have any bullish triggers for BTC dominance except for a reclaim of 61.49. However, since the structure is still forming, we need to wait before considering any bullish trigger. 📅 Total2 Analysis Now, let’s move on to Total2. As I mentioned yesterday, the 1.16 level was broken, and a new support formed at 1.07. As you can see, Total2 has retraced more significantly than Bitcoin, correcting almost to the 0.382 Fibonacci level. 🎲 The reason for this deeper retracement is that Bitcoin dominance has been declining—more money has exited Bitcoin than altcoins, allowing altcoins to recover more than Bitcoin. 🔫 In Total2, we also have a major resistance zone between the 0.5 and 0.618 Fibonacci levels, similar to Bitcoin. In general, both Bitcoin and Total2 have a critical resistance zone between their respective 0.5 and 0.618 Fibonacci retracements. 💥 Currently, the key resistance is at 1.13, and if the price breaks this level, it could move towards the resistance zone. However, for short positions, if 1.07 is broken, you can enter a short trade. ✅ Be mindful of BTC dominance, as it is currently in a downtrend. If BTC.D continues to decline, shorting Bitcoin may be a better choice than shorting altcoins. 📅 USDT.D Analysis Now, let’s analyze USDT dominance (USDT.D). Yesterday, it made a fake breakout above 5.04 and then reversed sharply downward, failing to hold the resistance. However, it has not yet formed a clear structure, so it’s too early to make any strong conclusions. ⭐️ I recommend avoiding opening new positions in the market for now and refraining from high-risk trades. The main trade opportunity was already provided when Bitcoin’s range broke down, so if you missed it, do not let FOMO push you into a trade. Avoid making rushed decisions that could put your capital at risk. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
1
GBPCAD at Key Resistance: Potential Selling Opportunity to 1.789OANDA:GBPCAD is trading near a robust resistance zone that aligns with prior price rejections. This area has previously attracted strong selling interest, making it a critical point to watch. If bearish confirmation appears, such as strong upper wicks or bearish candlestick patterns, I anticipate a move toward 1.78900. But a break above this level could signal further upside and invalidate the bearish setup. -Carefully evaluate price action at this zone before entering positions. -Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Short
by TrendDiva
12
TradeCityPro | Bitcoin Daily Analysis #16👋 Welcome to TradeCity Pro! Let’s move on to the analysis of Bitcoin and key crypto indices. Yesterday, Bitcoin experienced a very sharp and intense bearish move. If you have been following the analysis, you probably already had a short position. I’d be happy if you share the positions you opened in the comments. ⏳ 1-Hour Timeframe Well, in this one-hour timeframe, as you can see, the price finally broke the 95,108 level, and as I have mentioned in several past analyses, this level is much more important than 92,702 for us. The reason is that the reactions that the price has had to this level have been far more significant than 92,702, making it a very important support. 📉As you can see, with a candle closing below this level, this trigger was activated, and the price made a downward move. The next trigger at 93,899 was broken, and eventually, after breaking 92,702, the price started its next bearish leg. At present, the price has found support at 88,229, and we are witnessing a green 1-hour candle. 🔄 The positions that we could have opened earlier were with the break of 96,205, which we opened a position for, and the next key levels yesterday where we could have opened positions were 95,108 and 93,899. I hope you opened these positions and made a profit. 💥 At present, the RSI indicator, as you can see, is deep in oversold territory and has formed a double bottom in the oversold area. If it finally exits the oversold zone and moves above 30, this double bottom will be activated, and we can say that the market momentum is shifting out of its bearish phase and may enter a ranging phase. ⚡️ Today, I cannot provide any trade triggers. Yesterday was the key day to enter positions. However, the current support level is 88,229, and the recent high is at 92,444. 🧩 I have nothing more to say about Bitcoin. We have a bearish leg with good momentum, and we need to wait for the price to create a structure before we can analyze Bitcoin again. 👑 BTC.D Analysis Let’s move on to Bitcoin dominance. As you can see, yesterday, BTC dominance closed above the 61.49 level, and after a pullback to this zone, it made a sharp move up to 62.19. It even surpassed our 62% target, forming a top during Bitcoin’s first bearish leg. ✅ However, during the second bearish leg that the market experienced, BTC dominance declined, which caused Bitcoin to drop more than altcoins in this move, whereas in the first leg, altcoins had dropped more than Bitcoin. So, in a way, we can say that both had almost the same proportion of decline. 💫 BTC dominance seems to have formed its top at 62.19 and could now range between 61.49 and 62.19. 📅 Total2 Analysis Now, let’s move on to Total2. Yesterday, the 1.19 trigger was activated, and another key level that was broken was 1.16, and with the break of either of these levels, you could have opened a position. At present, the price has reached 1.07. ⭐️ There is not much else to say about Total2. We need to see at what level it will form its bottom and what kind of structure will be created for either a correction or the continuation of the bearish trend. Currently, the most important support level is 1.07, which the price has reacted to multiple times in the past. 📅 USDT.D Analysis USDT dominance, after closing above 4.62, successfully held above 4.75, which was the main resistance for USDT.D, and then made a sharp upward move. Currently, it has reached 5.04, which is a very important historical level, and has shown a reaction to it. 🔫 There isn’t much to discuss about this index, and overall, there isn’t much to analyze in the market today. Most of today’s discussion is about the positions that could have been opened and the profits that could have been made, which I already covered in Bitcoin’s analysis. 🧲 For now, we need to wait until the market forms a new structure, and once that happens, we can look for the next trade setup for the next major leg. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
10
AUDNZD: Potential Buy Opportunity at Key Support LevelOANDA:AUDNZD is approaching a significant support zone. This zone has consistently acted as a key area of interest where buyers regained control, leading to notable reversals in the past. The current moves suggests the potential for a bullish reaction if price action confirms rejection through signals such as bullish engulfing candles, long lower wicks, or increased buying volume. If the support holds, I anticipate a move upward toward the 1.10860 level, aligning with the expectation of a short-term reversal. However, if the price breaches this zone and sustains below it, the bullish outlook may be invalidated and we could potentially see a bigger downside. Monitoring candlestick patterns and volume at this critical zone is essential for identifying buying opportunities. Proper risk management is advised to navigate potential volatility. If you have any thoughts on this setup or additional insights, drop them in the comments!
Long
by TrendDiva
1