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BTCUSD Market Analysis & Trade Outlook (May 9th 2025) 📊 BTCUSD Market Analysis & Trade Outlook (Post $103,500 Target) Instrument: BTCUSD Strategy Type: Probabilistic Breakout with Elliott & Gann Confluence Current Price: $102,600 Trade Horizon: 2–5 Days Timeframes Observed: 4H / Daily 🔍 Market Overview BTCUSD has successfully completed the prior trend continuation target of $103,500, respecting the bullish structure on 4H and Daily timeframes. As of now, price is consolidating just below key resistance, printing a high of $103,800 and retracing slightly to $102,600. This signals a potential decision zone where BTC may either continue its advance or initiate a deeper pullback. I define short-term key boundaries between: Upside: $106,200 – $108,400 Downside: $96,850 – $95,700 📐 Technical Structure & Key Zones Support Zone: $ 97870 , $96,850–$95,700 (Previous consolidation + high volume node) Resistance Zone: $106,200–$108,400 (Measured move & fib cluster area) Structure Bias: Bullish above $99,000; bearish pressure increases below $96,850 🔄 Elliott Wave Count (Short-Term, 4H) BTC appears to be in a Wave (3) of a higher-degree Wave 3, following a Wave (2) retracement toward $94,500. Current price movement is within a sub-wave 3 of (3), with the recent high at $103,800 potentially marking a sub-wave 3 top. A brief corrective Wave 4 could develop toward $100,500–$99,000, before a final Wave 5 drives price into the $106,200–$108,400 zone. If price fails to hold above $96,850, the structure may morph into a larger corrective Wave (4), targeting the lower boundary. 📊 Gann Analysis The Gann 1/1 angle from the March swing low is currently intersecting near $102,500–$103,000, offering resistance. Next key Gann levels: Above: $106,200 (120°) and $108,400 (135°) resistance arcs Below: $96,850 and $95,700 align with 45° and 60° support angles Timewise, entering a minor Gann cycle window on May 10–11, often associated with inflection points. Watch for breakout or reversal signals near this period. 🎯 Trade Scenario Outlook 🟢 Bullish Scenario (Breakout) Trigger: 4H close above $104,000 Target Zones: TP1: $106,200 TP2: $108,400 Invalidation: 4H close below $99,000 (consider tightening SL) 🔴 Bearish Scenario (Pullback) Trigger: Break below $99,000, especially on strong volume Target Zones: TP1: $97870 or $96,850 TP2: $95,700 Invalidation: Close above $104,000 invalidates pullback thesis ⚙️ Strategic Trade Notes Scalping & Swinging Options: Consider range scalps within $102,000–$99,000, but prepare for trend breakout. Swing traders may build positions on retracement (Wave 4) with invalidation below $97870, $96,850. Risk Management: Use volatility-adjusted stop losses under key Gann levels or 50EMA on 4H. Consider tightening stops or taking partials near $106,200 to protect gains if price extends. 📌 Conclusion BTCUSD remains in a bullish macro structure but approaches a key inflection zone. A break and hold above $104,000 could launch the next impulsive leg toward $108,400. Conversely, failure to hold above $99,000 opens the door for a deeper retracement to $ 97870, $96,850–$95,700. Traders should remain flexible, aligning with the prevailing momentum while respecting structural boundaries.
COINBASE:BTCUSD
by NextElliott
The chart for FIL/USDT on the 4-day timeframe shows a promising 📊 Technical Analysis Summary – FIL/USDT 🔸 Pattern Observed: Double Accumulation Range: Two clear consolidation phases are boxed out in the chart, showing accumulation at relatively equal support zones. Descending Support Line: The lower black trendline connects the major lows, creating a descending support structure, indicating compression and possible breakout setup. 🔸 Price Action: Current Price: $2.787 Pullback Expected: A minor dip within the current range is possible before a breakout. Projected Move: If this consolidation resolves bullishly, the projected target appears to be in the $8–$9 range, aligning with the black arrow on the chart. 📈 Bullish Scenario (Likely Path) Retest support near $2.5–$2.6 Breakout trigger on move above ~$3.2–$3.4 Target zone = $8–$9 (from measured move potential) ⚠️ Key Levels to Watch Support: $2.50 (critical zone for accumulation) Resistance to break: ~$3.30–$3.50 Macro Target: $8.50+ ✅ Conclusion: This chart shows a potential reversal from a prolonged downtrend, where the price is forming a classic reversal structure. Patience is key—a breakout above $3.5 would confirm the bullish move.
Long
by VIPROSE
1
DOGE/USDT Technical Analysis – Weekly Chart 🔄 Falling Wedge Breakout + Rounded Bottom The chart shows a confirmed breakout from a classic falling wedge pattern, combined with a rounded bottom formation, signaling a strong potential for trend reversal to the upside in the mid-to-long term. 📍 The circled zone highlights the breakout point where bullish momentum accelerated. 🧠 Key Technical Points: Previous buy zone: Around $0.17–$0.20 Current price: ~$0.225 Trend outlook: Bullish (after breakout confirmation) Pattern: Falling Wedge + Rounded Bottom – both bullish indicators 🎯 Potential Price Targets: Target 1: $0.3757 – Initial resistance and likely short-term target Target 2: $0.4884 – Previous high and probable profit-taking level Target 3: $0.6160 – Full measured move from wedge breakout ⚠️ Risk Zone / Invalidations: A strong drop back below $0.20 could invalidate the breakout. Re-tests of support before continuation are possible. ✅ Summary: Dogecoin (DOGE) has broken out of a falling wedge with a clear rounded bottom, indicating bullish strength. Holding above $0.22 could lead to a rally toward $0.37, $0.48, and possibly $0.61 in the coming weeks.
BINANCE:DOGEUSDLong
by VIPROSE
2
ENA/USDT – Weekly Chart Analysis ✅ Rounded Bottom Pattern Formation ENA appears to be forming a rounded bottom, a classic accumulation and reversal pattern. Price has bounced from a strong demand zone near $0.25, where historically bulls have shown aggressive entry. 🔍 Technical Breakdown: Accumulation Zone (Support): $0.2515 – acting as the long-term base. Current Price: ~$0.3788 Pattern Type: Rounded Bottom with higher low structure. Bias: Bullish continuation if weekly candle closes above current consolidation. 🎯 Target Projections: Target 1: $0.8050 – Psychological & technical resistance Target 2: $1.0849 – Mid-range supply Target 3: $1.3595 – Measured move completion of the pattern 📈 Bullish Confirmation: Breakout from the right shoulder above $0.40–$0.45 zone would confirm upward momentum. Watch for volume confirmation and strong closes above weekly highs. ⚠️ Invalidation Level: Drop below $0.2515 would invalidate the pattern and signal continuation of the downtrend. 📝 Summary: ENA is showing a technically clean bottoming structure. If buyers step in with volume, the chart supports a potential +200% upside from current levels. Ideal zone for long positioning was highlighted at the base, with a healthy risk-to-reward structure.
Long
by VIPROSE
NOT/USDT – Weekly Chart Analysis ✅ Bullish Falling Wedge Breakout The chart shows a clean breakout from a falling wedge pattern, a bullish reversal structure. This marks the end of the long-term downtrend and potentially the start of a new uptrend. 🔍 Key Technical Insights: Breakout Level: $0.0027–$0.0029 range Support: $0.00166 (base of wedge & critical invalidation zone) Pattern Type: Falling wedge with narrowing volatility and bullish breakout 🎯 Price Targets: Target 1: $0.005699 (first major resistance zone) Target 2: $0.009607 (measured move of the wedge and previous horizontal resistance) 📈 Technical Outlook: Breakout is supported by higher lows post-pattern. Weekly structure now shifts to bullish bias. Pullbacks toward the breakout area may offer buying opportunities. ⚠️ Invalidation Level: Drop below $0.00166 would invalidate the bullish setup and reintroduce downside risk. 🔎 Summary: The setup suggests early-stage bullish momentum. If volume increases and market sentiment supports altcoins, NOT/USDT could aim for over +200% upside from current levels.
by VIPROSE
Bitcoin Might Fall Hard — But the Next Bull Run Will Be HistoricBitcoin Update: Potential Reversal Ahead We believe Bitcoin is approaching a major resistance level around $106,000. This could lead to a reversal with Bitcoin potentially dropping to the following levels: • $93,000 • $84,000 • $72,000 We see these levels as strong support areas and good buying opportunities. Our primary target is $72,000, but we’re also watching the higher levels for potential reversals. We expect Bitcoin to eventually reach new all-time highs between $130,000 and $150,000 by July-August 2025.
INDEX:BTCUSD
by VitalDirection
1
Buy Trade Strategy for PEPE: Riding the Meme Coin MomentumDescription: This trading idea is based on PEPE, a meme-based cryptocurrency that has rapidly gained popularity within the crypto community. Inspired by internet culture and viral trends, PEPE has seen significant growth fueled by social media attention, community-driven hype, and speculative momentum. While meme coins often lack traditional utility, they thrive on community engagement, branding, and timing — factors that have historically driven explosive gains in the crypto market. PEPE benefits from being part of this high-risk, high-reward niche, attracting traders who aim to capitalize on short- to mid-term momentum. Still, it's crucial to understand that meme coins like PEPE are among the most volatile and speculative assets in the crypto space. Their price can be heavily influenced by market sentiment, influencer activity, and rapid shifts in investor interest. As such, trading PEPE requires strict risk management and a clear understanding of the speculative nature of the asset. Disclaimer: This trading idea is for educational purposes only and does not constitute financial advice. Meme coins like PEPE involve a high degree of risk, and investors should be prepared for extreme volatility and potential total capital loss. Always do your own research, consider your financial position, and consult with a qualified advisor before making any investment decisions. Past performance does not guarantee future results.
Long
by MoonTradingForecast
1
Buy Trade Strategy for BONK: Riding the Solana Meme Token WaveDescription: This trading idea is based on BONK, a meme-based cryptocurrency launched on the Solana blockchain, gaining massive community support and attention for being Solana’s answer to Dogecoin and Shiba Inu. BONK stands out for its vibrant, decentralized community and deflationary tokenomics, which aim to encourage long-term holding and discourage excessive speculation. With strong grassroots momentum and integration across various Solana-based DeFi and NFT platforms, BONK has established itself as more than just a meme, becoming a symbol of community resilience and innovation within the Solana ecosystem. However, despite its popularity, BONK remains a highly speculative asset. Meme coins are particularly sensitive to market sentiment, social media hype, and broader crypto trends. As such, price movements can be extremely volatile and unpredictable. Disclaimer: This trading idea is intended for educational purposes only and does not constitute financial advice. Cryptocurrencies like BONK carry high risk, including the potential for total capital loss. Always conduct thorough research, evaluate your risk tolerance, and consult a licensed financial advisor before investing. Past performance is not indicative of future results.
Long
by MoonTradingForecast
OK, LONG TERM BULLISH, BUT BUT BUT, LET COLLECT SOME MONEY!EURGBP SHORT FORECAST Q2 W21 Y25 OK, LONG TERM BULLISH, BUT BUT BUT, LET COLLECT SOME MONEY BEFORE THE LONG MOVE! ITS THERE FOR THE TAKING !!!!!!! Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Weekly order block ✅15' order block ✅Intraday bearish breaks of structure ✅Tokyo ranges to be filled 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT
1
Buy Trade Strategy for BRETT: Memecoin Momentum and Community Po**Description**: This trading idea focuses on **BRETT**, a rising memecoin on the Base blockchain, inspired by the popular Boys' Club comic character. As part of the new wave of memecoins gaining traction through viral marketing and strong community support, **BRETT** distinguishes itself with humorous branding, fast-growing social engagement, and alignment with the Ethereum Layer 2 ecosystem via Base. While it lacks deep utility compared to traditional assets, its success is rooted in meme culture, speculative momentum, and early adopter enthusiasm, making it an intriguing candidate for short- to mid-term trading strategies. It’s important to note that memecoins like **BRETT** are highly volatile and sensitive to market hype, sentiment shifts, and social media trends. Their prices can rise rapidly but also crash without warning. Traders must stay cautious and always be prepared with proper risk management to avoid significant losses. **Disclaimer**: This trading idea is intended for educational purposes only and does not constitute financial advice. Cryptocurrencies, especially memecoins like **BRETT**, are extremely speculative and can lead to complete loss of capital. Always perform your own research, assess your financial situation, and consult a qualified financial advisor before making investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
USDJPY Analysis - Potential Reversal at Support LevelThis analysis is based on the recent price action observed in the USDJPY pair on the 15-minute chart. After a clear downtrend, the price formed a potential reversal pattern with the completion of an ABCD formation, where price touched a strong support zone at 145.40. The green trendline confirms the bullish outlook as the market is respecting this level, and a rebound is expected. Trade Idea: Entry: 145.40 (Support level) Target 1: 146.50 Target 2: 146.90 Stop Loss: 145.20 (Below the recent support)
by Hamidd123
1
USDCAD SHORT FORECAST Q2 W21 Y25 W&D 50EMA, Ooooh Soo Powerful !USDCAD SHORT FORECAST Q2 W21 Y25 USDCAD SHORT FORECAST Q2 W21 Y25 W&D 50EMA, Ooooh Soo Powerful ! Professional Risk Managers👋 Welcome back to another FRGNT chart update📈 Diving into some Forex setups using predominantly higher time frame order blocks alongside confirmation breaks of structure. Let’s see what price action is telling us today! 💡Here are some trade confluences📝 ✅Intraday breaks of structure ✅Tokyo ranges to be filled ✅15' order block identified ✅Weekly 50 EMA ✅Daily 50 EMA 🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies. 📈The rest, we leave to the balance of probabilities. 💡Fail to plan. Plan to fail. 🏆It has always been that simple. ❤️Good luck with your trading journey, I shall see you at the very top. 🎯Trade consistent, FRGNT X
Short
by JCFRGNT