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Bitcoin’s Wild Swings & Key Setups in Forex & Gold (#6)Bitcoin has been on a rollercoaster over the past few days, and I’m sure many of you have had your stop losses hit. Let’s break down the reasons behind this volatility and what’s next. 📊 BTC – Expanding Triangle = High Volatility BTC was set to confirm an uptrend after breaking above $98,500, but then came the Bybit hack. 📌 What Happened? 🔻 On February 21, 2025, hackers stole $1.5 billion from Bybit’s Ethereum cold wallet. 🔻 Attributed to North Korea’s Lazarus Group, this triggered a market-wide sell-off. 🔻 BTC dropped, then settled into an expanding triangle. 📉 What’s important about this pattern? Support & resistance levels lose significance. Win rate drops, and volatility increases. High probability of stop hunts & fakeouts. 🚨 My approach? No trades inside the triangle. Long above $97,987 (4H) or after first confirmed higher high & low. Short below $95K (key support in 4H). 📊 DXY – Still in a Downtrend DXY continues its price correction, as we anticipated in previous breakdowns. 📌 Bias: Still bearish in the short term unless we reclaim 107.391. 📉 Until then, I remain focused on setups favoring a weaker USD. 🟡 Gold (XAU/USD) – Strong Trend, but Watch for Weakness Gold remains firmly in an uptrend, but some exhaustion signs are emerging. 📌 Trade Setup: ✅ Long Trigger (4H): Above 2945 ❌ Stop Loss: Below 2916.42 📌 Key Reminder: 🔹 A trader’s mindset must be separate from an analyst’s mindset. 🔹 Follow your strategy, take trades, and accept stop losses without emotional bias. 🔹 I’ll be posting an in-depth article on this today. 📈 EUR/USD – Setting Up for a Major Trend Shift? 📌 Daily Timeframe: EUR/USD has been in a strong downtrend but is now in a correction phase. A shift in trend is possible if we get a daily close above 1.05217. 📌 4H Trade Setup: ✅ Long Entry: Above 1.05198 ❌ Stop Loss: Below 1.04483 Final Thoughts ⚠ BTC is in a highly volatile phase – trade with caution. ⚠ DXY weakness favors long setups in EUR/USD and gold. ⚠ If you’re not using risk management, these setups may not be suitable for you. ⚠ Separate your trader mindset from your analyst mindset I’m Skeptic —trade smart, stay profitable. See you tomorrow.
by SkepticWise
1
Bearish drop?US Dollar Index (DXY) has rejected off the pivot and could drop to the 1st support that line sup with the 161.8% Fibonacci extension. Pivot: 107.49 1st Support: 105.44 1st Resistance: 108.67 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. 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. IC Markets 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.
TVC:DXYShort
by ICmarkets
2
DXY Falling Below $106 - Cue AltSeason in March!The biggest shock to everyone is going to be the price of CRYPTOCAP:BTC going DOWN while ALTS skyrocket 🚀 As I have discussed in my macro thesis, the TVC:DXY is FINALLY breaking down on the Weekly along with the 10Y. RSI has topped and Price broke below the WMA9 & 20. Just waiting on the WMA9 to break below the WMA20 for final confirmation. Historically when this happens... it’s ALTSEASON BABY!!! 🥳 After this happened in March 2017, BTC and ALTS pumped together, then BTC went down 33% while ALTS exploded higher over a 3 week period before BTC rallied alongside again.
COINBASE:BTCUSDLong
by jonnieking
DXY weekly Perspective 23.02.25DXY Analysis & Bias for This Week My outlook for the Dollar Index (DXY) remains bearish, which aligns with my bias for bullish moves on pairs like GU, EU, and Gold. Since price has already broken structure to the downside, I anticipate a retracement to mitigate the newly formed 14-hour supply zone before continuing lower. While price may react bullishly from the 3-hour or 2-hour demand zones I’ve marked, the overall momentum still favors the downside, as seen from the strength of recent bearish candlesticks. Plan of Action: 📌 Once price reaches the 14-hour supply zone, I will wait for lower timeframe confirmations before taking action. 📌 I will also check for any corresponding demand zones on my other pairs to ensure alignment across the board.
TVC:DXYShort
by Hassan_fx
1
DXY - 4H Bearish SignsTVC:DXY has shown an impressive rally from the 100 zone, forming three major bullish legs, each contributing approximately 4% gains. These bullish phases have now brought the index close to the critical 110 level. However, in the third major leg, we observe the formation of three minor legs, signaling some hesitation as it nears the resistance zone. While many expect the index to break through 110 easily, I anticipate price swings around the 109-110 range, and even the possibility of a deeper pullback before resuming its upward trend. With the NFP data release today, we might see increased volatility, offering opportunities for a potential DXY decline before any further rise. Stay alert for sharp market moves! 📉
TVC:DXYShort
by Sober_Trading
9
EUR/USD Market Analysis – Bearish Reversal from Key ResistanceThe EUR/USD pair has formed a bearish Bat harmonic pattern , completing near the 0.886 Fibonacci retracement level. Price action has reacted strongly at this resistance, indicating a potential reversal. The first target (T1) is around 1.0394 , while the second target (T2) is near 1.0325 , aligning with key Fibonacci levels. If the resistance holds, a bearish move towards these targets is likely. However, a sustained break above the high may invalidate the bearish setup. Traders should monitor price action closely for confirmation.
Short
by BeaucoupPips
AUD/USD Triangle Breakout (19.2.25)The AUD/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position around Trendline Of The Pattern. Target Levels: 1st Resistance – 0.6391 2nd Resistance – 0.6404 🎁 Please hit the like button and 🎁 Leave a comment to support for My Post ! Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI_TA_TRADING Thank you.
Long
by KABHI_TA_TRADING
17
Gold NEW ATH to $2,954?! (1H UPDATE)Gold on the 4H TF is within its final Wave 5 bullish move, there’s no arguing with that. The only thing to debate is how high can Wave 5 push up before reversing? While it’s possible that Wave 5 has now peaked at $2,942 & ready for a major correction, on the 1H TF I see a small possibly of it creating a new ATH toward $2,954. HIGH RISK TRADE. Confluences👇🏻 ⭕️Distribution Schematic Taking Place Between Wave 3 High, Wave 4 Low & Wave 5 High. ⭕️Wave E Rejected From Psychological Number Of $2,940 (LQ Trap). ⭕️No Strong Sell Off Yet To Indicate A Reversal Has Started.
SAXO:XAUUSDLong
by BA_Investments
Daily DXY The US Dollar Index (DXY) is currently indicating the likely direction after closing below 106.965. I anticipate a move back to the 107.200-250 range before continuing its bearish swing. Several confluences support this, including the reversal point, an ascending trendline, a descending trendline, a rejection candlestick, the daily 0.382 Fibonacci level, the 4-hour 0.5 Fibonacci level, and a 4-hour order block. My target for the DXY is 106.083. As for gold, it has reached a new all-time high of 2954.944. I expect a pullback before it heads higher, potentially towards the 3000 level. 4hr DXY Chart 1hr DXY Chart 30m Gold Chart
TVC:DXYShort
by ChartStrategist
1