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Bitcoin - Secret patterns for professional traders! The price of Bitcoin is forming a head and shoulders pattern inside this descending parallel channel! Both of these patterns are bearish, so the probability of going down is really high at this moment. To become bullish, Bitcoin needs to invalidate both patterns. Then we can think about a long position, but at this moment, not at all! You probably want to trade with a trend, and the trend is bearish on this particular timeframe. But in the immediate short term, we could go up to form the right shoulder of the major pattern; of course, that would be an excellent opportunity to short bitcoin at a great price! Where is the profit target for the big short? I already market it on the chart, and it's between 23064 and 22853 because it is the POC of the previous expanding triangle + 1:1 FIB extension (wave 3 -> 4). As per my Elliott Wave analysis, last week we printed a new impulse wave, which is very clear and visible. Everything in confluence suggests that we are bearish, and continuation of the downtrend is extremely likely and almost definitely a guarantee. Sooner or later, we will break the support of 25k.  This is my outlook on BTC for this month; do not forget to let me know in the comment section what you think about it and if you are prepared for another crash. I need to know your opinion! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
91
🥇GOLD - Market tests resistance area by false breakout Gold is forming a local downtrend. Which is relevant after the break of the ascending channel in early September. The realization of a strong sell signal is forming on D1 TA on the high timeframe: 1) Everything is stable. False break of resistance sends the price down 2) Potential: falling to 1900 after correction. TA on the low timeframe: 1) Price in bearish trend 2) A retest of 1926 prevents the price from updating the local high 3) Consolidation is forming below 1926 after a false breakdown 4) Bears are consolidating their positions on the background of a weak buyer Key resistance📈: 1926 Key support📉: 1916 and 1903
OANDA:XAUUSDShort
by AndeWave
13
💱USDJPY - Market aims for 150 on weak yenUSDJPY on the senior timeframes aims to test the global resistance level of 2022. The Japanese yen is weakening strongly against the backdrop of a strengthening dollar. TA on the high timeframe: 1) A break of 144.897 sends the price to 148.86 2) A small rebound from this level is possible with further growth to 152.0 in the medium term. TA on the low timeframe: 1) the market acquires a strong support area: 146.56. A rebound and a retest of the next level 147.4 is being formed 2) If the second level is broken, the market will get a target of 147.87. 3) But! A rebound to 146.56 with further growth is possible. Key support📉: 146.56 Key resistance📈: 147.4
Long
by AndeWave
8
GOLD → Trend correction after breaking trend support OANDA:XAUUSD , after breaking trend support, forms a small correction and stops its fall around 1916. A trend bounce is forming and the price is testing an important resistance Globally, gold is forming a global bearish price channel on the D1 chart, but on the dev timeframe we can also identify a sideways flat in the format of a symmetrical triangle. A breakthrough of one of the figura borders will form the strongest impulse to one side or the other. Locally, on H1, the price may soon test not only the resistance level, but also one of the local highs marked by the red dot. At the moment we are considering a scenario of further decline from one of the mentioned resistance levels, as the price is forging and realizing a global bearish set-up - a decline after a false resistance of the descending channel. Support levels: 1923.8, 1916 Resistance levels: 1926, 1932 I expect a retest of the resistance area before a further fall. The retest may be formed by a false breakout OANDA:XAUUSD CAPITALCOM:GOLD COMEX:GC1! CAPITALCOM:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
15
TLMUSDT → Double bottom breaks resistance BINANCE:TLMUSDT is forming a double bottom on the chart. The market enters the phase of pattern realization, and also begins to use the previously accumulated energy BITSTAMP:BTCUSD momentarily stops its fall near the area of 26000 and stands still for a long time. Yesterday the flagship formed an impulse based on fundamental factors, which provoked a bullish movement on the altcoin market. The double bottom is entering the realization phase, the price breaks the resistance of the descending wedge and forms consolidation. It is important for us to wait for the price to finally consolidate above the pattern resistance and form a bullish potential. Support Levels: Pattern Resistance, 0.00936 Resistance levels: 0.01142, 0.01227. I expect the growth to continue, if the bulls can hold the price. Medium-term target is 0.01515. BINANCE:TLMUSD BINANCE:TLMUSDT BINANCE:BTCUSD BINANCE:BTCUSDT Regards R. Linda!
Long
by RLinda
12
🥇GOLD - Consolidation instead of momentum? A trap? Gold is breaking the support of the new price channel. The market is dominated by sellers due to buyer weakness amid dollar strength. TA on the high timeframe: 1) False break of the resistance of the global descending channel 2) There is a potential for price decline to 1886. TA on low timeframe: 1) Price tested the key descending channel support for a long time and at the same time the level of 1926 2) With the next move gold breaks the support of the descending channel 3) There is no downside after breaking the support, price is sandwiched between the 1916 support and the previously broken channel line 4) Since there is no downside momentum, price may form a retest of 1926. Further price movement will depend on this level. Since the main trend is falling, we should expect a price decline Key resistance📈: 1920, 1926 Key support📉: 1916
OANDA:XAUUSDShort
by AndeWave
11
GOLD → XAU makes onslaught on limit support OANDA:XAUUSD continues to decline. Since the end of the last session the price forms a limit support level and forms a pre-breakdown consolidation. The realization of a false breakout of global resistance begins The price is forging a local support level, but still has not updated the previous one, formed in late August. Consequently, the market has a target in the near term. This target is 1914.8, also the following areas can serve as a target: 1912,8 & 1903.8. Let me remind - earlier we observed the break of the uptrend support on the background of TVC:DXY (dollar index) strengthening. There is also a possibility that the market may form a small correction to 1926 before falling further. At the moment, within the medium-term scenario, I stick to a further fall in the price of gold. The moving averages are forming a reversal signal (the signal is medium-term in nature). Support levels: 1916.7 Resistance levels: 1920 I expect the fall to continue either when 1916 is broken or after the correction to 1920-1925. OANDA:XAUUSD COMEX:GC1! CAPITALCOM:GOLD CAPITALCOM:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
21
EURGBP → Weak market. Prolonged support retest FX:EURGBP is under resistance pressure.There is clearly either a weak buyer or a rather strong seller in the market. Regarding the limit support area, the price continues to push. I noted the important level of 0.8541 and 0.8521. And also an important pattern - descending triangle. The support area of the pattern coincides with the area of the limit support. The price has been testing this zone for several months and there is no particularly strong pullback. The price returns to this line every time. Most likely, the weak market continues to hint to us that the global low on the chart may be updated again in the medium term. In priority, I expect a retest of the figure resistance with a further fall to the support area and testing this zone for a breakout and decline to 0.8450. Support levels: 0.8541, 0.8521 Resistance levels: 0.8609 I expect a retest of resistance in the near future with a subsequent fall to the support area. The chance of breaking through this support is quite high at the moment Regards R. Linda!
Short
by RLinda
8
🥇GOLD - Bounce to resistance before further decline Gold does form a false breakout of a strong resistance area. Pay attention to the D1 chart on the left. There is a chance that gold could go down to 1885 or even 1840 TA on the high timeframe: 1) Bearish trend and global price channel keep the price above 1950 2) False resistance breakout forms a sell signal TA on the low timeframe: 1) Price forms an attempt to change the local ascending channel. 2) Price tests 1922 and forms a rebound. The correction may reach the 1930-1935 area. This is like a major step before a further fall 3) We see a trend change and in the long term we should look for strong resistance levels to find a sell entry point Key resistance📈: 1930-1935 Key support📉: 1922
OANDA:XAUUSDShort
by AndeWave
17
Bitcoin - The next crash is coming! But first, bullish action. The next crash is coming for the price of Bitcoin, but first we need to correct the recent downtrend! This correction can be pretty significant up to the 0.618 FIB retracement, which is at 27,609. You probably want to set your limit orders to short BTC at this level! After a bullish correction, I expect another huge crash, kindly to 20k. But of course we are not going to go down in a straight line; there will be a lot of bullish corrections, so you need to be clever on when to short Bitcoin. Resistance 2 (start of the GAP + 0.618 FIB) is at 27609, and Resistance 1 (end of the GAP + 0.382 FIB) is at 26406. I see only these 2 levels where the bears should step in again! Above the current price, we have an unfilled CME gap exactly between resistance 1 and resistance 2. These gaps tend to be filled, but of course, it's not mandatory. Bitcoin spiked significantly last week on the GBTC news; a lot of people were really optimistic and bought the pump, but a huge crash followed. It's similar to the XRP news: XRP pumped by 100% and then went down below the starting point of the pump. From the Elliott Wave perspective on the chart, we can see a strong impulse wave, which is a sign of weakness for the price. The expectation is that we need to make an ABC bullish correction before continuing to the downside in the downtrend. This is my current outlook on BTC; I am still bearish, but we need to open short at higher prices! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
95
GOLD → XAU breaks H1 support. False breakout on D1OANDA:XAUUSD is forming a false breakout of the resistance of the global nisode channel. On the local timeframe the price broke the trend support. Can this be considered as signals? Yesterday I talked about potentially important levels for us. Today, price is breaking the support area (local). The reaction to this is enough to break uptrending price channel support on H1. Pay attention to the D1 timeframe. Price is forming a false breakout of the DOWN price channel resistance against the background of the DOWN trend. If the pattern is confirmed (it will be a consolidation of the price below 1932), we will see the beginning of another strong fall in the near future. I talked about the potential of such a fall a few days ago. The target of such a movement could be the area of 1900, 1850 and 1800). Support levels: 1925, 1913 Resistance levels: 1932 The price is forming several sell signals. We need to wait for the confirmation of a bearish set-up to open trades. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
24
GOLD → Market is at the 0 point on which the direction dependsOANDA:XAUUSD is testing the 1947 resistance again but after updating the low. The market is in place and is forming flat consolidation. Let me remind - globally the price is testing the resistance of the key descending channel Locally we have a bullish price channel. Globally, a bearish trend is forming on D1, the price is testing the resistance after a month of correction. Consolidation is formed above the resistance of the channel. Distributive growth to the mentioned zone reduces the chances of resistance breakout, and if the price goes below the 1935 area, the market may form a rather strong bearish impulse. We are currently interested in the levels of 1947 and 1939. A breakout of 1947 will confirm an attempt to change the trend and in this case the price will head towards 1980-2000. A decline below 1939 will send the price to 1935, a break of which will be a bearish signal for the medium term. Support levels: 1939, 1935, 1932 Resistance levels: 1947, 1950 I expect a retest of 1939 in the nearest future. Further it will be necessary to follow the price reaction to the level, as well as the area of 1947. Regards R. Linda!
OANDA:XAUUSD
by RLinda
23
GBPJPY → Bull market continues to push price after shakeout FX:GBPJPY continues to form a bullish trend. A flat is forming within the ascending price channel and another retest of support leads to a bullish impulse Earlier on the chart we see a strong spike down. A false break of support forms a shakeout in the market, a huge amount of volume is involved and in tandem with unstable fundamentals for the Japanese Yen, it predictably affects the pricing of currency pairs. For us the key role within the flat plays resistance 184.55 and support 183.7. Break of one of the zones with the subsequent consolidation of the price above the line will form the potential for movement in one direction or another. I am expecting growth from 184.55 as a priority. The medium-term target for us will be the resistance area of 186.765. The price is also testing MA-50 and an impulse will be formed in case of breakout. Support levels: 183.700 Resistance levels: 184.55 I expect the continuation of growth in priority. The price can also test the support with a false breakout, but the medium-term potential remains the same. Regards R. Linda!
Long
by RLinda
15
🥇GOLD - Resistance retest and counter-correlation with DXYGold is testing key resistance with a false breakout and this could be a signal for further declines, while the dollar is closing near a strong resistance level and is likely ready to continue to strengthen further TA on the high timeframe: 1) DXY closes near 104.3. Regarding the candlestick analysis, we can assume that the price close indicates further continuation of the move. A small pullback may follow from 104.3 before further growth. 2) Gold on D1 is testing a strong resistance line, which is the upper boundary of the descending channel. A false breakout is formed 3) Two correlation situations are formed, the dollar is preparing to grow, and gold to fall. But if one of them starts to develop the opposite scenario, the other, such as gold, will break the resistance and start strengthening towards 1984 TA on the low timeframe: 1) Price is testing 1942.6. A false breakout is formed 2) A retest of blue support and consolidation below 1942 will form a pre-breakout potential against support. The line may be broken and in this case the price will head towards 1914 and towards 1900 3) BUT! If 1942.6 is overcome and the price forms consolidation above the line, the situation will reverse and the price may consolidate to 1984. Key resistance📈: 1942.6 Key support📉: 1935
OANDA:XAUUSD
by AndeWave
18
Bitcoin - Bull trap of the year! (fake pump) Bitcoin pumped significantly, but it's definitely a bull trap, so do not fall for it! We can see that the chart is printing a huge head and shoulders pattern, which is a very bearish sign. This pattern is not confirmed yet as the neckline is holding, but the price is below the major blue trendline, which increases the probability of a breakdown! The trend is not bullish anymore, and this pump is a great opportunity to short Bitcoin. Where to take profit or buy bitcoin? I strongly recommend the 0.618 FIB retracement in confluence with the CME unfilled GAP. This is an extremely strong support, and we should see the start of a new bull market or at least a significant bounce from it! I don't know about you, but I am bearish! Let me know in the comment section: are you bullish or bearish? I want to know your opinion! Altcoins don't look good at all. I can see a huge crash on DOGE (70%). This indicates to me that Bitcoin is still not ready for a bull market. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
192
ETHUSD → Retest of support for decline before further growth BITSTAMP:ETHUSD breaks the global trend support. The breakout is not false. Local support at 1631 is forming on the chart. After a small correction there are prerequisites for further decline. A wedge is formed on the global timeframe, the price bounces off the resistance and in the format of correction is heading towards the range support. Before the global growth the market is separated by the global descending line (red dotted line) In the medium term, I expect a rebound from the support of the wedge with further retest of the indicated resistance line. If this area is broken through, the market will get a new potential. Locally the price is in flat, a break of 1631 will lead the price to fall to the range support and the key liquidity area of 1500. A strong bullish reaction is likely to follow from this area, which could lead the market to a recovery. The moving averages are signaling a breakout of support. Resistance levels: 1696, 1750 Support levels: 1631, 1501 I expect a breakout of 1631 and reaching 1501 before a further rise to 2021. Regards R. Linda!
BITSTAMP:ETHUSD
by RLinda
17
EURUSD → Breakout of resistance and rebound from strong support FX:EURUSD is testing the support of the global price channel from W1. On the local timeframe there are also preconditions for a possible bullish reaction to the support area. Globally, the currency pair is still in a bullish trend, now the price is testing the support of the ascending price channel. On the local timeframe we see a breakout of the resistance of the upward channel and a retest of the flat support. If the bulls hold the area of 1.0835, we should expect the currency pair to strengthen towards 1.1000 in the medium term. Moving averages indicate a neutral situation on the market. Price is testing MA-50 Support levels: 1.0835, MA-50 Resistance levels: 1.0918, 1.1000 I expect a bullish reaction in the market after the resistance breakout. Price is flat and we have upside potential to 1.1000. Regards R. Linda!
Long
by RLinda
9
🥇GOLD - Retest of global resistance. Trading in the channelGold on the global chart is testing the resistance of the key descending channel. There is little chance of a breakout of this area as gold's growth has been distributive. A pullback after a false breakdown may follow TA on the high timeframe: 1) A retest of the descending channel resistance is formed 2) The retest is formed after a month, that's a lot of time for price to break resistance the first time around 3) The chance is higher that the decline will start. 4) DXY is testing an important level, if a bullish bounce happens, gold will start falling TA on the low timeframe: 1) A breakout of the ascending channel is forming, but at the same time the price is bumping into a strong descending resistance line 2) The price can no longer update the local high, the retest forms a local high below the previous one. 3) If the price returns to the channel, under the 1942 area, it will start falling towards 1930. Key support📉: 1942 Key resistance📈: 1948
OANDA:XAUUSDShort
by AndeWave
17
💱 CADJPY - An ascending triangle has been forming for a month CADJPY is gaining a strong resistance area of 108.000. Price continues to test the resistance in an ascending triangle format over the month. TA on the high timeframe: 1) We see an interesting pattern: a limit resistance level in the 108.000 area and a gradual pushing of the price towards this area 2) Minimums that are not updated, but growing. 3) Buyers have their own plan and continue to retest the resistance area. TA on the low timeframe: 1) The ascending triangle and frequent resistance level retests speak for themselves 2) The 108 level separates the market from a strong and sustained upward move. 3) Price may make a false breakdown of support and start testing the resistance area again. Key support📉: rising line, 107.087 Key resistance📈: 108.123
Long
by AndeWave
11