Fractal
EURUSD Sell ScenarioFour to five months ago, we discussed this bullish trend and where it might possibly end. Now, we're approaching a point that could be one of the strong supply zones and a key point of interest for sellers. So, I would start preparing for bearish setups, especially on lower time frames
Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
AMS - Long position A long position has been entered on JSE:AMS base on the doji candle that formed on 8 Aug. In conjunction to this, it has broken through a descending resistance line that formed over the previous 8 candles. Along with that, the MACD, Stochastic and EMA's are all now showing upward momentum.
We are aiming for a target at around the 750 level and a stop loss at around 650
Bitcoin (BTC) in Critical Consolidation PhaseMarket Observations:
Despite good news and rising equities, CRYPTOCAP:BTC is consolidating and moving sideways, which isn't a strong sign for bulls.
Key Levels to Watch:
Support Level: $60,000 – This level must hold, or BTC could move towards the downside.
Breakout Level: $62,500 – A clean break above this level would demolish the bear thesis and likely trigger long FOMO in the markets.
Current Market Range:
BTC is still in a massive range, similar to summer 2023. If the fractal pattern follows, this accumulation phase could continue for another 35 days.
Market Outlook:
Stay cautious as BTC consolidates, and keep an eye on the key levels that could determine the next major move.
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