Harmonic Patterns
Bitcoin (BTC/USD) Technical Analysis & Trading PlanBitcoin (BTC/USD) Technical Analysis & Trading Plan – February 28, 2025
Market Overview
The Bitcoin (BTC/USD) price is currently trading at $79,770, showing a -0.74% decline in the latest 4-hour candlestick. The chart illustrates a falling wedge trading pattern, which is considered a bullish reversal signal. The price is approaching the lower boundary of the wedge, signaling a potential breakout to the upside.
Technical Indicators & Key Observations
Falling Wedge Pattern:
The price has been making lower highs and lower lows within a falling wedge formation (red and green trendlines).
A breakout above the upper boundary of the wedge could trigger a strong bullish rally.
Support and Resistance Levels:
Immediate support: $76,665
Major support: $67,679
Key resistance levels:
$88,671
$91,271
$95,497
$108,329 (Major long-term resistance)
Momentum Indicators:
RSI (Relative Strength Index): 22.26 (oversold), indicating potential upward momentum.
Stochastic Oscillator: 16.14, also in the oversold region, confirming a possible reversal.
Money Flow Index (MFI): Showing weak inflow, but a reversal at these levels could indicate increasing buying pressure.
Cipher_B Divergences: Potential bullish divergence forming, adding confluence to the breakout scenario.
Professional Trading Plan
Entry Strategy
Aggressive Entry: If Bitcoin closes a 4-hour candle above the wedge's upper trendline (~$80,500), an early entry can be considered.
Conservative Entry: Wait for confirmation above the $82,000 level with strong volume before entering a long position.
Profit Targets
First Target: $88,671 (previous local high)
Second Target: $91,271 (psychological level)
Third Target: $95,497 (strong resistance)
Ultimate Target: $108,329 (major long-term resistance)
Stop-Loss Strategy
For aggressive traders: Below $76,500 (recent low)
For conservative traders: Below $74,000 to reduce risk exposure
Risk Management
Risk-to-reward ratio: 1:3 or higher (entry should be calculated to maintain proper risk-reward)
Position Sizing: Allocate 2-5% of capital to this trade, considering volatility.
Conclusion
Bitcoin is currently trading at a critical support level within a falling wedge. The RSI, Stochastic, and MFI indicators suggest oversold conditions, indicating a potential bullish breakout. Traders should watch for a confirmed breakout above the wedge with strong volume before entering a position. Targets remain between $88,000 and $108,000, with well-defined stop-loss levels to minimize risk.
💡 Recommendation: Monitor price action closely, especially in the next few 4-hour candles. If BTC breaks above the wedge, prepare for a bullish move towards resistance levels.
US Tech 100 (NDX) Technical Analysis - Bearish Swing OpportunityThe Nasdaq-100 has reached a critical technical juncture presenting a high-probability short opportunity for the coming week. Multiple technical factors have aligned to suggest a significant downside move is developing.
Key Technical Observations
Price Structure Analysis
Formation of a failed retest of broken uptrend support, now functioning as resistance
Rejection from the Point of Control (POC) area around 21,122
Price failed to recapture the key Value Area Low (VAL) at 21,086
Clear lower highs and lower lows developing on the H4 timeframe
Moving Average Configuration
All major EMAs (8, 13, 21, 55, 200) are in bearish alignment
Price trading well below the 55 EMA, confirming the bearish bias
Recent price action showing rejection at the 21 EMA intersection
Momentum Indicators
MACD showing continued negative momentum and bearish divergence
Volume profile indicates diminishing buying pressure during recent consolidation
Momentum oscillators in oversold territory but showing no reversal signals
Trade Setup
Entry near 21,110 provides an excellent risk-reward opportunity with a stop above the recent swing high at 21,383. The primary target at 20,500 represents a significant support level and offers substantial profit potential.
Macro Context
Recent macroeconomic uncertainty combined with technical exhaustion after the recent rally creates an environment supportive of this correction. Key catalysts in the coming days could accelerate this move.
Expected Price Behavior
Look for initial support tests around 21,000 psychological level, followed by potential acceleration toward the blue box support zone. Expect periods of consolidation during this move, particularly at previous support levels around 20,950 and 20,750.
This setup provides an excellent swing trading opportunity with favorable risk-reward dynamics and strong technical confirmation.
GBPUSD I Weeekly CLS / daily CLS, W-OB, Short to 50%, Model 1GBPUSD I Weeekly CLS / daily CLS, W-OB, Short to 50%, Model 1
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Bank Nifty - My Perspective!- Here is my perspective on what Bank nifty should would and could do in the next one month.
- All my perspectives are laid down on the chart itself.
- 50,000 became a good resistance for now.
- The price is at a good support zone.
- Whatever happens, it is important to keep your plan ready.
- Follow this idea because we will keep updating it.
Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.
$CORZ / 2hThe strong rally by 34% in NASDAQ:CORZ indicates turning the trend to the upward, as anticipated on Friday last week. And it's expected now, in retracement of 61.8% in an expanded flat correction as Minor degree wave B the countertrend rally in its wave ((c)) will continue to rising towards 14.88!
Expanded Flat >> Quiet often, wave C ends more substantially beyond the ending level of
wave A, as illustrated well on this case.
#CryptoStocks #CORZ #BTCMining #Bitcoin #BTC
Patanjali - The Dark Horse?Patanjali showed resilience while the broader market was deep in the red.
Its downside was relatively limited.
However, today, the stock suddenly dropped 10%, hitting the lower circuit.
It's attempting a recovery and remains in a decisive zone.
The price structure still looks promising for now.
What’s your take on this?
Disclaimer: This analysis is purely for educational purposes and does not constitute trading advice. I am not a SEBI-registered advisor, and trading involves significant risk. Please consult with a financial advisor before making any investment decisions.
Xauusd expect move bullish Trend soon XAUUSD (Gold)* trading at *2,859.870*, with a potential *target* at *2,869.321*. The price has recently dropped, touching a key support zone around *2,850.000*. If the support holds, expect a *bullish move* toward the *target* at *2,869.321*, and possibly up to the *resistance* level around *2,900.049*. Watch for price action in the support zone for a potential entry
XAUUSD H4 I Bearish Continuation Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 2882.96, which is an overlap resistance.
Our take profit will be at 2829.34, a pullback support that aligns with the 161.% Fibonacci extension.
The stop loss will be placed at 2992.55, which is an overlap resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (fxcm.com/uk):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (fxcm.com/eu):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (fxcm.com/au):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au
Stratos Global LLC (fxcm.com/markets):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBPUSD H4 | Bearish continuationBased on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.2622, which acts as a pullback resistance.
Our take profit will be at 1.2534, which serves as the 1st support level. This level coincides with a 161.8% Fibonacci extension.
The stop loss will be placed at 1.2711, a recent swing high that represents a strong resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (fxcm.com/uk):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (fxcm.com/eu):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (fxcm.com/au):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au
Stratos Global LLC (fxcm.com/markets):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Gold breaks out of consolidation, facing bearish pressureGold has officially exited its previous consolidation phase, experiencing a sharp decline from the $2,950 region and reaching a low near $2,878. The breakdown of the rising wedge pattern has triggered increased selling pressure, confirming a shift in momentum towards the downside.
Currently, gold is making a slight recovery, trading around $2,919. However, the bearish trend remains dominant, leaving the price vulnerable to further downside moves. If gold fails to reclaim the $2,930 - $2,940 zone, the downward momentum may persist, targeting $2,905 as the first support level, with a potential extension toward $2,879.
Wishing you successful trades!