Harmonic Patterns
Shiba Inu Nears Major Support - Breakdown or Bounce?The $0.000005 - $0.000008 range has been a key support zone for Shiba Inu over the years. With a double-top "M" pattern in play since March 2024, and current market price at $0.00001231, CRYPTOCAP:SHIB is approaching this critical area once again.
What do you think - will price test the zone, or is a pump incoming from here?
Drop your thoughts!
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ETHUSDT NEXT MOVESell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
FTM - Time to Lock In for a 2x Ride to $1?Fantom ( UPCOM:FTM ) is sitting on its key floor support zone. A level that has historically triggered 50% to 100% pumps. Now, price is coiling within a triangle and looks ready to break out.
Could this be a start of a run to $1?
Let me know your thoughts below!
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BTC Update
I haven’t posted an update for a while, but the overall picture remains unchanged. 📊
🔹 I’m still watching the $70-73K zone, where strong support has formed.
🔹 The market continues to decline, and altcoins keep hitting new lows.
🔹 For the market to finally move upward, we need a final impulse, which is still missing.
Do you think we’ll see that impulse soon? 🚀👇
Bitcoin Update on 31.03.2025🔹 Bitcoin Update 🔹
Bitcoin's recent gains have been rejected, aligning with last week's movement. Now, price has two key scenarios:
📌 Scenario 1: A potential bounce from Arrow #4 could lead to upward movement.
📌 Scenario 2: If Bitcoin fails to hold, we may see a wick down to retest the Yellow Zone before reversing back up towards Arrow #5.
⚠️ Arrow #2 is a critical level on the monthly timeframe.
If today's price action shows strong bullish momentum and closes above the Black Line, we could reject the retracement on the monthly timeframe. However, failure to do so could signal the start of a deeper retracement.
💡 Overall: Bitcoin remains in a range/downtrend with insufficient strength to confirm a full trend reversal.
🔔 Stay alert for confirmations before making decisions!
NASDAQ 100 SIMILARITIES WITH THE 2008 MARKET CRASH (2008 MARKET CRASH CHART )
As shown in the chart, we may now see a relief rally in equities in case Trump decides to take a step back regarding tariffs, while at the same time, the FED decides to give markets a break by messaging possibly more rate cuts this year. Although I think a relief rally is coming after this correction, we may end up in a similar technical pattern to 2008. By summer ( June-July ), equities may have a final push before breaking further below.
Gold is about to test the 3000 supportGold is about to test the 3000 support
From the current market, gold continued to fall on Friday and encountered a large amount of selling. It has now hit a low of 3016.
Source:
The non-agricultural data of the US market will be released tonight, which is obviously bearish, and the gold price has fallen from a high level.
At present: the weekly moving average of gold price is suppressed and blocked. After testing the resistance, a short-term long-short reversal is formed, and it retreats and breaks the intraday low.
From the overall trend: there is no doubt that the weak pattern of gold is reasonable. It is reasonable to continue to be under pressure and fall.
Current pressure: 3050-3055 area, continue to look up to 3060-3070 area,
Current support: 3000 mark, there will be a rebound above, and a new round of downward space will be opened below.
Upper resistance: focus on 3055 first, and then focus on 3068.
If the bulls break through strongly, the gold price is expected to return to 3080.
Of course, the possibility of a short-term rise is not great. After all, in the strong and repeated trend, the double top structure formed by 3135 and 3080 has been confirmed.
It is expected to continue to break through next week and test the 3000 integer mark.
Overall:
Gold short-term operation ideas:
Short-term focus on the upper side: 3050-3055 resistance
Short-term focus on the lower side: 3000-3015 support.
Silver next week?doing a top down analysis, from weekly to 30m, it looks like silver has tapped a major SSL zone after the massive drop of ~8%, which I have never seen in my 5 years of trading!
There has got to be some bounce expected over the coming week as this week has created huge imbalance in the price of silver while gold has stayed relatively strong.
Melding different concepts and theories of market, I expect silver to follow this trajectory to fill some imbalance in the market, potentially making a double bottom first, giving a breakout from the neckline, tapping liquidity and retesting neckline, and finally reaching my final target as seen in the image, forming a beautiful bearish crab pattern and perhaps retracing right after.
P.S. I have been wrong in markets countless times before, just like everyone else out there so this is just my hypothesis moving forward. A dip further on Monday would invalidate the entire hypothesis or at the least, alter it. This is not financial or trading advice. I have learnt the hard way the importance of Risk Management and I still am so manage your trades accordingly.
Will GBPUSD reverse in 2025?Dear Traders,
Hope you are enjoying the holidays, we are getting ready for the new year and in meantime we have identified a key level emerging on GU that will possible shape the price next couple of months. Looking at the detailed of how price behaved in these last two months. We can expect USD exhaustion. Good luck.
GBPUSD: 700+ Pips Swing Buy! Get ready for big moveDear Traders,
GBPUSD our first few ideas are up and running in profit of 700+ pips, we are expecting bullish move to continue dominating the market. Now we think price is likely to remain bullish for next few weeks, while wee may also notice some correction in the market.
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-Please like and comment our ideas which will encourage us to post more educative posts like this. ;)
Thank you
BTCUSDT: Signs of discounts are still noticeableBINANCE:BTCUSDT breaking below the support of the local rising wedge on the basis of a downtrend (falling wedge) has been formed. And now there is no reason for Bitcoin to move higher or to be honest:
"Just focus on selling because the risk of buying at this moment is high due to the newly announced reciprocal tariffs by President Trump, highlighting the increasing risk of Bitcoin in relation to macroeconomic uncertainties. I think we will drop much lower than 76,000 USD, as you may know from my previous analysis."
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Gold returns to a sharp decline?Dear friends!
Gold has a downward trend today, with the current price fluctuating around 3,097 dollars. The main reason is due to the tax measures of U.S. President Donald Trump, which help clarify the market trend but raise concerns about economic recession, thereby boosting the demand for USD, leading to an increase in its value, which affects gold.
From a technical perspective, it is not advisable to buy at this moment, as the risk is high, and for selling, we should wait for the price to establish a clear trend.
At present, it is most worth waiting for consolidation on the basis of a downward trend, as the market will sharply hit important milestones that you can build your trading strategy upon.
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SPX scenarios in weekly chartHello
These 2 scenarios for S&P is more probable ones and as you elliotticians know there is a doubt in wave (4). In scenario 1 wave (4) is acceptable due to Alternation and in scenario 2 it made a Running Flat. In both scenarios there is one strategy for today market which is another correction starting from here.
In smaller time frames you need to find a bearish impulse wave to get in this correction.