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BTCUSD Chart Analysis & Trade Plan ( May 3rd 2025 )📈 BTCUSD Chart Analysis & Trade Plan Instrument: BTCUSD Trade Setup: Long Entry Price: $96,900 Take Profit (TP): $103,500 Stop Loss (SL): $93,830 Risk-Reward Ratio (RRR): 2.15 Timeframe Observed: 4H / Daily Time Horizon: 2–4 days Strategy Type: Trend Continuation 🔍 Technical Overview Trend: BTCUSD is exhibiting a bullish continuation pattern, forming higher lows and higher highs on both 4H and Daily charts. Support Levels: Primary: $96,500–$96,900 (current entry zone, previous breakout retest zone) Secondary: $94,800 (key horizontal + Fibonacci retracement support) Resistance Levels: Short-term: $100,800 Medium-term: $103,500 (aligned with Gann and Elliott targets) 🌀 Elliott Wave Analysis Primary Wave Count (4H chart): BTCUSD appears to be in Wave 3 of (3) of a bullish impulse cycle. Wave (2) retracement completed near $96,000 with a sharp ABC correction. Wave (3) projection gives a Fibonacci extension target: 100% of Wave 1 = ~$103,500 — aligning with our TP zone. Subwaves inside Wave 3: Wave i and ii completed. Currently progressing through Wave iii — often the strongest, highest momentum wave. Implication: If Wave iii holds, BTCUSD could accelerate toward $103,500 within the next 48–72 hours. 📐 W.D. Gann Analysis Gann Fan (drawn from $60,000 low): Price has reclaimed the 1x1 line (balance of time and price) around $96,000. Next resistance lies near the 1x2 Gann angle at ~$103,300–$103,500. Gann Square of 9 levels: $96,800 is a key Gann pivot price. The next natural harmonic level on the Square of 9 lies at $103,500, affirming this zone as a major Gann target. Implication: Gann time/price analysis supports a rally to $103,500 before the next cycle pause. 📝 Trade Plan Summary Parameter Value Entry $96,900 Take Profit $103,500 Stop Loss $93,830 RRR 2.15 Timeframe 2–4 Days Justification: Entry aligns with Elliott Wave corrective low (Wave 2). Gann angle breakout confirms time/price balance in favor of bulls. Confluence of Fibonacci projections, harmonic levels, and structural support. ⚠️ Risk Notes If BTCUSD fails to hold above the $96,500–$96,000 zone, reevaluation is needed. Global macro factors and ETF flows should be monitored, as they could cause volatility.
COINBASE:BTCUSDLong
by NextElliott
2
BTC Elliott wave analysis 5/9/2025 (Big Picture)For me, I think that we are going to the End the wave 5 of the BTC Supercycle . As you can see , the wave that we are now have very small accumulation making it should be wave 5 rather than the begining of new cycle or the correction wave since both usually have large accumulation.The Gann fan suggest that the End of the wave 5 should be around 128,000$-132,000$. And after the time that it finish the wave 5 it would be coincided with the depression that many economist suggest that it would happen.Surprisingly, It also coinside with the Modern Elliott Wave theory suggesting that a Grand Supercycle wave five is nearing completion in the 21st century, likely leading to the deepest economic downturn since the 1700s.
Long
by jirapattinn
Gold still needs to be shorted after a sharp drop! 💢 Driving factors Market sentiment was dampened by reports that US President Trump signed a potential trade agreement with the UK, while investors are awaiting the outcome of the US-China trade talks this weekend. In terms of trade agreements, any cooling of the trade war and reduction of uncertainty are bearish for gold. If the US and the UK announce a trade agreement, it will be good for the overall global economy. 📊 Commentary and analysis In terms of trend, although gold soared in the morning, it continued to fall to 3320 in the afternoon. At present, gold has rebounded moderately but is still under pressure after the sharp drop. 💰 Strategy package For the US market, it is still a rebound short. Pay attention to the resistance of 3370-74 above. You can directly enter the short position after the rebound, and bet on the second decline of the US market! ⭐️ Note: Labaron hopes that traders can properly manage their funds - Choose a lot size that matches your funds - Profit is 4-7% of the capital account - Stop loss is 1-3% of the capital account
OANDA:XAUUSDShort
by Labaron
1
XAUUSD: 8/5 Today’s Market Analysis and StrategyGold technical analysis 4-hour chart resistance level 3410, support level 3310 1-hour chart resistance level 3380, support level 3310 30-minute chart resistance level 3350, support level 3320. Trump said that he would hold a "large press conference" at 10 a.m. Eastern Time tomorrow, and may sign a trade agreement with the UK. Therefore, the news affected the gold price. Russia implemented a ceasefire from 0:00 on May 8 to 0:00 on May 11 local time. The temporary ceasefire between Russia and Ukraine and the repeated situation in the Middle East may support the gold price in stages due to the risk aversion demand. Recently, affected by the news, the daily operation range of gold is very large. Today, we will first look at the 3320-3360 range of fluctuations in the short term. If it breaks through, follow the trend and strictly stop loss! Buy: 3323 SL: 3318 Sell: 3355 SL: 3360 More free analysis daily sharing
TVC:GOLDShort
by ActuaryJ
#GALA/USDT#GALA The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it. We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.01500. We have a downtrend on the RSI indicator that is about to break and retest, supporting the upward trend. We are looking for stability above the 100 Moving Average. Entry price: 0.01509 First target: 0.01538 Second target: 0.01558 Third target: 0.01590
Long
by CryptoAnalystSignal
1
AUDCAD 1 hour possible Double Bottom📉 Technical Overview 1. Pattern in Formation: Potential Double Bottom Price action suggests a potential double bottom pattern forming around the 0.88800–0.88900 support area. A neckline is clearly identified around the 0.89300 level. Price is currently between the second low and the neckline — an important “watch zone.” 2. Confirmation Required The double bottom is not confirmed yet. A valid long trade setup would require a clear breakout and close above 0.89300 (neckline resistance). 3. Target & Risk The projected move (measured from the neckline to the bottom of the pattern) gives a target around 0.89740. That’s approximately +42–43 pips from the breakout point, offering decent risk-to-reward potential. ✅ Trade Idea (Upon Confirmation) Buy Entry: After a 1H candle closes above 0.89300. Stop Loss: Below the second bottom – around 0.88900 or slightly below. Take Profit: Around 0.89740 (measured target of the pattern). Risk:Reward Ratio: Approx. 1:2, favorable for a breakout trade. ⚠️ Caution If price fails to break above the neckline and reverses, it may revisit the 0.88800 zone or even break down — invalidating the setup. Monitor Canadian and Australian economic news, especially commodity data or employment figures, for volatility spikes.
Long
by Forexbeats
1
GBPUSD 30 minutes 📊 Technical Overview 1. Chart Pattern: Double Bottom (Potential Reversal) The chart highlights a possible double bottom formation near the 1.32700 – 1.32800 support zone, which is a classic bullish reversal pattern. The second bottom is slightly higher than the first, showing buying interest stepping in earlier — a bullish sign. 2. Trendline & Structure Break A descending trendline has been drawn connecting the recent lower highs. The price is approaching the trendline for a breakout. A break and close above this structure would confirm the double bottom and trigger a bullish reversal scenario. 3. Support Zone Marked in purple and yellow, the support zone around 1.32600 – 1.32800 has held strong multiple times. Each retest has produced a bullish reaction, indicating strong buying interest in this region. ✅ Trade Idea (If Confirmation Occurs) Entry: Above 1.3300 (after trendline break and retest) Stop Loss: Below 1.32700 Take Profit Zones: TP1: 1.33450 (near recent swing high) TP2: 1.33800 (prior resistance zone) ⚠️ Key Considerations Wait for a confirmed break and retest of the trendline — premature entries could result in false breakouts. Watch for U.S. economic news (like jobless claims or Fed speakers) that might increase volatility.
Long
by Forexbeats
1
XAU/USD Live Market Breakdown – May 8, 2025📊XAU/USD Live Market Breakdown – May 8, 2025 🔹Current Price: 3,337.40 🔹Timeframe: 15M 📌Key Supply Zones (Resistance): 🔴3377–3382 – Major Supply Zone (previous BOS area) 🔴3362.85 – Minor intraday resistance (price failed to hold) 📌Key Demand Zones (Support): 🟢3272–3277 – Fresh demand; wait for confirmation before long 🟢3310.01 – Minor reaction area 🟢3274.13 – Deeper support if sell-off continues 📉Current Outlook: Gold broke below multiple internal demand zones, confirming bearish momentum. Now trading inside the 3272–3277 HTF demand. This is a key zone to monitor for reversal or further breakdown. 📈Bullish Scenario: Price must show bullish confirmation (engulfing/BOS) from 3272–3277 to consider long positions. Without confirmation, bias remains bearish. ⚠️Strategy Tip: ✅Wait for lower-timeframe BOS or CHoCH in green zone ✅Don’t catch falling knives – wait for confirmation ✅SL must go below zone; TP can target 3362 short-term #XAUUSD #SmartMoneyConcepts #PriceAction #BreakOfStructure #GoldTrading #IntradaySetups #FXFOREVER #DemandZones #WaitForConfirmation
OANDA:XAUUSDLong
by FXFOREVER_87