Marketstructure
Gbpusd is ready for selloff. Based on the market structure we see price broke the daily consolidation and now price is retracing to the neckline zone which come in confluence with the trendline of the lower highs
So I think its a very nice calculated risk with multiple confluence of trendline in H4 and fib level plus the neckline of the consolidation
STOP LOSS IS ABOVE THE POC LEVEL OF the market structure in case of fakeout on today's news after 2 hrs. keep an eye on it
Follow more for more breakdowns!!!
Eur/Usd Ready to massive sell 155 pips!!Based on previous post i talked about how eurusd has broken. the head and shoulder neckline and price is now retresting the neckline has resistance, still the interest rate is neutral which mean dollar will gain liquidity cause of the interest rate differential so we see price respecting the 31.8% fib level which is also in confluence with the POC level of activity volume
NOTE; The only thing you have to worry about is NFP news later tomorrow and some news today. make sure you put stop loss and manage your risk. there is small probably it can do a fake out!
Follow me for more breakdown
GBPUSD POTENTIAL SHORTHi Traders, Looking on a GBPUSD we can see price respects our monthly IRL, then shoots down leaving an imbalance on our daily time frame, as it takes out our ERL and giving us a clear MSS, so we will look for entry properties on our H1 time frame on the daily FVG/IRL.
Best Of Luck
CharlesFX
USDT Dominance (1H) and possibility of a riseAnalysis on USDT.D chart (1H) suggests that a falling wedge pattern is being formed(other confluences such as divergence also hint at this pattern). if confirmed (breakout from above the pattern), market can dump for a day or two. Remember that a rise in USDT.D means a dump in the BTC and the crypto market. if the pattern fails, the current pump in coins shall continue with a stronger momentum. possible tp levels: 4.74% - 4.84% - 4.88% - 4.94%
BigTime $BigTime #BigTimeIMO Big Time is an EASY buy in these zones. Not long ago people were rushing in at dips to the $0.35-$0.45 ranges.
I think we see our 1st resistance at the old ATH areas of $0.28-$0.32 ranges but once we get up there and flip it into support this will go back to trading in the $0.40-$0.60 ranges FAST and before most have time to catch it IMO.
For buyer with some patience i see an easy 2x over the next 1-3 months and 3-5x over the next 3-9 months.
IF and when it flips $1 into support in the heat of the real Bullrun we all hope and wait for. There is nothing but open space.
Could easily end up seeing $3-$5 once things get WILD.
For now continue to buy the low's and sell the pops for EASY $ which it has given several times just over the last week.
JASMY - best looking AltcoinThe Coin I am currently very interested in is JASMY as we have a lot of confluences on this chart even if it seems a littly messy. Overall we can say it looks like as we are in a wave 5 after completing the wave 4 on the 18.03. We have respected the range here for a very long time and we had some wicks and fakeouts on the same levels. Moreover on a closer look we have retestet the most important POC at 0.021$. Now I am looking at a monday low sweep with FVG fill at 0.019025$
BTC - retest for the push to 70kIt seems as we are getting some interesting potential setups as BTC has some difficulties moving above the supply between 67.000$ and 68.000$. Therefore I think we have to "reload" for another push upwards. For this reload I am eyeing the FVG at 65.310$ and the demand below it to hold. Ideally this could be just a wick . down below our range that we have reclaimed. This should bive us enough strenght to push to 70k.
SAGA - high risk scalpI am very curious about this one...
SAGA doesn't look good compared to others and has shown a lot of bearish market structure to the downside, with losing the monday low and the low volume node zone below it is appears as if SAGA wants to come down to the levels of the surge last week. Would be a high RR setup but a very risky on.
BTC could give the momentum in both sides but primarily I am expecting a slight move down for BTC before continuing this bullish pattern, maybe this could give SAGA a little shakeout here. If you take it please manage your risk accordingly and do it on your own research 🤝
GAL - scalping ideaStill looking at GAL after this surge the last days. Looking on opening an scalp position to our swing position which is up 35% 🚀
On the 12H tf I am looking for the FVG to get filled, we shouldn't fall much lower but the "worst" scenario for now would be a pullback to our swing entry and the demand resting there. Target for the scalp is the range high at 5.41$
FTM - Looking for an imbalance sweepA lot of identical setups as we are breaking a lot of bearish structures here. On FTM we have had a Supply Breaker now after it seems we have concluded a wave 4 now. Going to target the imbalances on the way up. Bigger RR on this one, as always take your profits as you wish. Looking for the support of the MDAY-H here and the volume. ✅
Gold Shows Sell Signals Amidst DowntrendStay informed with our latest analysis of the XAUUSD market! Gold prices are currently trading around $2400, exhibiting a downtrend with sell signals. Recent price action has breached key support levels, with technical indicators like moving averages and RSI indicating selling pressure. Explore potential trading opportunities with our detailed analysis now!
TOTAL (1H) forming a possible bearish patternLooking at TOTAL chart in 1H timeframe, it's possible that a rising wedge pattern is being formed. if confirmed, market can dump a little for a couple of days. in case the pattern fails and TOTAL crosses above the resistance zone, the current pump in the market shall continue with a better momentum.
EUR/USD Sell setup 280 PipsDaily timeframe
We have broken the head and shoulder pattern and we estimate the downside will be the length of the head and we should wait for price to retrace at least to 31.8% or 50% fib level which come in confluence with the broken support which will act as resistance and trendline too.
Follow and comment below for more break down analysis
GBP/CHF Sell setup 94 Pips Weekly timeframe
Price has massive rejection with wick on top so we could see price retrace to 31.8% fib as it broke the structure
H4 Timeframe
Price has broken the wedge to the downside and now the price has retraced to the 61.8% fib level and we see weakness on momentum to upside, so price is forming downward trend so we shall see a continuation to fill the wicks
Follow me for more breakdown, Comment and like
Dynamics of Bull Market CyclesBull markets are the epitome of investor optimism and economic growth, characterized by rising asset prices and increasing investor confidence. However, within every bull market, there lies a cyclical pattern composed of distinct phases: Discovery, Momentum, and Blow-off. Understanding these phases is crucial for investors to navigate the market efficiently and capitalize on opportunities while mitigating risks.
🟣 Discovery Phase:
👉 Accumulation: During the accumulation phase, institutional investors and smart money recognize undervalued assets and begin quietly accumulating positions. This often occurs when the broader market sentiment is still pessimistic or uncertain, presenting attractive buying opportunities.
👉 Trend Emergence: As accumulation continues, subtle shifts in market dynamics become apparent. Prices begin to exhibit higher highs and higher lows, indicating the emergence of an uptrend. Technical indicators such as moving averages may start to show bullish crossovers, further confirming the trend.
🟣 Momentum Phase:
👉 Shake-out: The shake-out phase is characterized by short-term price declines or corrections that test investor resolve. Weak-handed investors, who bought near the end of the accumulation phase or are driven by fear, panic sell their positions. This phase often creates volatility and uncertainty but also offers opportunities for long-term investors to accumulate quality assets at discounted prices.
👉 Momentum Building: Following the shake-out, momentum begins to build as the broader market recognizes the strength of the uptrend. More investors start participating in the rally, driving prices higher. Positive news catalysts and strong earnings reports further fuel the momentum, attracting even more investors.
👉 First Sentiment: As the bull market gains momentum, investor sentiment shifts from cautious optimism to moderate confidence. Market participants start to believe in the sustainability of the uptrend, leading to increased buying activity. However, skepticism may still linger, especially among contrarian investors who remain wary of potential overvaluation.
🟣 Blow-off Phase:
👉 Renewed Optimism: In the blow-off phase, optimism reignites as investors regain confidence in the market's upward trajectory. Corrections or pullbacks are viewed as buying opportunities rather than signals of impending reversal. Institutional investors and retail traders alike re-enter the market, driving prices to new highs.
👉 FOMO (Fear of Missing Out): Fear of Missing Out becomes prevalent as investors fear being left behind in the rally. Social media, financial news outlets, and word-of-mouth recommendations amplify the sense of urgency to buy, further fueling price appreciation. This FOMO-driven buying frenzy can lead to exaggerated price moves and irrational exuberance.
👉 Euphoria: Euphoria marks the peak of the bull market cycle. Investors become irrationally exuberant, believing that the current uptrend will continue indefinitely. Risk management takes a backseat as greed overrides caution. Valuation metrics may reach extreme levels, signaling frothiness in the market.
Understanding the cyclical nature of bull market cycles is essential for investors to navigate the market successfully. By recognizing the distinct phases of Discovery, Momentum, and Blow-off, investors can make informed decisions, capitalize on opportunities, and protect their portfolios from potential downturns. While bull markets are synonymous with optimism and prosperity, prudent risk management and a keen awareness of market dynamics are critical for long-term investment success.
Solana - getting ready for a spike?We're eyeing the Fair Value Gap at $136 👀
Solana seems to be maintaining its position well above the Monday Low and the $130 mark. Additionally, the Point of Control (POC) should provide substantial support here. If not for BTC's fluctuations, this could be an ideal setup since we are stabilizing at wave 4 around $118.77 - indicating potential for an uptrend.
Understanding Market Structure In 5 MinutesThis video goes into depth on the types of market structures and how they happen. Ranging -> Breakout (Spike) -> Channel (trend or a ranging trend) -> Climax. The market moves in these repeatable patterns over and over and over again. If you can diagnose where we are in these cycles then you can harness this skill to improve your trading.
BTC - tricky to tradeI'll feel more confident about a potential uptrend if we can surpass the ~67k mark, where Monday's high range lies and from which we were rejected on our first bounce. If not, we're likely to continue experiencing volatility in this zone, potentially dipping to yesterday's lows around 61.5k. The 60-59k range—a critical support zone, that should mark the end of any selling, if not we could see another big drop and flush.
At this moment, we are still considering scenarios that would see us drop to the 55-48k range as it was our first thought on BTC.
In crypto, saying anything is impossible isn't wise as the market is unpredictable. That's why it's crucial to avoid leverage to not get knocked out by such extreme moves. A fall to 55-48k would represent a -30% correction on BTC, which is still perceived as healthy and bullish in the long term.
The best strategy now is to endure, stay patient, and hold off on selling your spot purchases until the market trends upwards again.