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Harmonic Patterns

BITCOIN Will the Channel Up hold or has the Fed condemned it?Bitcoin (BTCUSD) is having an impressive sustainable price action within the Channel Up pattern since November 12, which despite yesterday's Fed fueled pull-back, is still holding. If it holds, it may follow the same pattern that it did exactly 1 year ago. As you see, it was again in November 2023 that it traded within a Channel Up, which was supported by the 4H MA200 (orange trend-line) since October 11. After it broke out, the price reached the 7.0 Fibonacci extension level from the October low, before correcting again. The situation is very similar today, the 4H MA200 is also holding since Oct 11, the price also formed a 4H Golden Cross on Sep 18, while both fractals started their impressive rallies around the same date (Sep 06 2023 and Sep 11 2024 respectively). As a result, if the 4H MA200 holds, we can expect BTC to target the 7.0 Fib ext next at $135000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
Bullish bounce?UK100 has reacted off the pivot and could rise to the 1st resistance. Pivot: 8,062.33 1st Support: 7,995.40 1st Resistance: 8,178.42 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:UK100Long
by ICmarkets
Heading into 50% Fibonacci resistance?The Bitcoin (BTC/USD) is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as a pullback support. Pivot: 102,858.96 1st Support: 94,387.12 1st Resistance: 108,432.84 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDShort
by ICmarkets
Could the price bounce from here?GBP/CAD is falling towards the pivot which is a pullback support and could bounce to the 1st resistance. Pivot: 1.8103 1st Support: 1.7949 1st Resistance: 1.8325 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bullish bounce off pullback support?GBP/CHF is reacting off the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 1.1312 1st Support: 1.1255 1st Resistance: 1.1395 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Bearish drop?EUR/NOK is reacting off the pivot and could drop to the 1st support which lines up with the 50% Fibonacci retracement. Pivot: 11.78946 1st Support: 11.71203 1st Resistance: 11.83382 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
KASPA - Poised for an Upward Trajectory (TA+TRADE PLAN)Technical Analysis of KASPA (KAS/USDT) Falling Wedge Pattern: The chart indicates a classic falling wedge pattern, a bullish reversal formation. The price is approaching the breakout point where resistance has converged with support, as marked on the chart. The breakout above the resistance line suggests a potential upward trend. Volume Analysis: A spike in trading volume near the breakout area confirms increased interest and possible momentum shift. Momentum Indicators: VWMCipher B Divergences: Displays bullish divergence, supporting a potential price increase. RSI (Relative Strength Index): At ~27, indicating oversold conditions. This signals a potential upward price movement as the asset appears undervalued. Arty Money Flow Index (MFI): At ~24, indicating an oversold condition with possible accumulation. Stochastic Oscillator: Oversold levels at 32.5, crossing upwards, indicating a buy signal. Potential Targets: Short-Term Target: $0.14 (breakout confirmation). Mid-Term Target: $0.18 (previous resistance level). Long-Term Target: $0.22–$0.24 (major resistance zone from earlier trends). Risk Level: Support at ~$0.12. A breakdown below this level invalidates the bullish thesis, making this a critical stop-loss level. Trading Plan Entry Points: Initial Buy Zone: Enter near the breakout point (~$0.128-$0.132) to capitalize on bullish momentum. Confirmation Entry: Add to the position once price closes above $0.14 with strong volume. Stop Loss: Place a stop-loss slightly below $0.12 (e.g., $0.118) to limit downside risk if the breakout fails. Profit-Taking Strategy: First Take-Profit (TP1): At $0.14 (~10% gain) to secure initial profits. Second Take-Profit (TP2): At $0.18 (approximately 40% gain from entry). Final Target (TP3): $0.22-$0.24 for long-term holders seeking maximum gains. Position Sizing: Allocate 2–5% of your portfolio, depending on your risk tolerance. Keep capital reserved for potential averaging down if needed. Trailing Stop: Implement a trailing stop once the price exceeds $0.18 to lock in profits while allowing room for further upward movement. Risk Management: Maintain a Risk-Reward Ratio of at least 1:3. Adjust trade size to manage risk effectively. Monitoring: Regularly check volume trends, RSI levels, and significant market news affecting KASPA. Be cautious of overall cryptocurrency market sentiment, as broader trends often impact altcoins. This falling wedge setup, combined with oversold indicators and volume confirmation, suggests KASPA is primed for a bullish breakout. Stick to the trading plan and employ disciplined risk management to maximize returns while minimizing potential losses.
Long
by elfabiiani
3
D1 CLS, BPR Key Level, Model 1D1 CLS, BPR Key Level, Model 1 you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
COINBASE:BTCUSDLong
by Dave-Hunter
Daily CLS , HTF FVG, Model 1Daily CLS , HTF FVG, Model 1 you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Long
by Dave-Hunter
EURUSD : The FED had spokenThis is a continuation of the 'same' idea posted previously. You will notice the 'older' lines. $ assets are getting more 'expensive' with DXY and yield high, which is why stock and even the mighty BTC are falling. Very soon, either $ or yield has to give way and I think most likely it is the $. But there is still a little juice left to this SELL trade. But in the near term, it would be best to look for BUY instead. Good luck and keep an eye on the 10s as usual.
Long
by i_am_siew
3