Orderblock
USDT.D UpdateCup and Handle Pattern Identified Early
We successfully spotted the Cup and Handle pattern from the beginning, and the price moved exactly as outlined in my previous analysis .
However, I may have forgotten to highlight an important point: there’s a rejection zone (Order Block) where the price is expected to bounce slightly. But don’t worry—this order block is not strong enough to sustain a significant reversal.
The price will likely rise a bit before continuing its movement. So, don’t panic if you see your assets dropping today. This is simply the natural flow of the market. Prepare for further downward pressure as the dominance of the dollar strengthens.
BTCUSD FORECASTWe are currently analyzing the 2-hour time frame to identify potential price changes in Bitcoin. The market scenario is bullish, and the trend is also bullish. Today, I am looking for a buying trade opportunity as soon as the price reaches our designated level. We will execute our trade after confirming with the candles.
Make sure to use a stop loss for your trade.
EURNZD bearish temporary to start big bullishIn general the price in uptrend, in short time it will correction to 1.7932 which is OB then retracement because it rebound two times from current resistance and didn't brook previous high.
Yo can sell from current price and stop loss 1.80879
Keep on mind if hit stop loss and then return and close under resistance sell it again with same stop loss.
USDCAD Strong BearishMy 3 reasons to expect bearish:
-Tweezer top pattern on daily which is strong pattern,
-It's rebound from OB area also on daily
-It's rebound from previous resistance
Technically all condition is available to support bearish but the dollar index is still bullish. If index not close over 103.36 this will support my idea.
FET long setup if you missed the first oneWe see a resing wedge that broke below. The target from that is little above 0.5 fib. There is also a orderblock. If you missen the previous fet entry i posted. You may get a second chance. FET is strong and the target will be 2$ or even little above.
Please feel free to share your opinion in the comments. Thanks.
Happy trading. Cheers!
Falling Wedge Sees Bullish Order Block! - EUHere I have EUR/USD on the 4Hr Chart!
EU Bears have been pulling price down forming what seems to be a Falling Wedge since the end of August but could the Double Bottom made by the Sell-Side Liquidity and New Swing Low be a sign that Price is loading up to make its Bullish Break?!
Now we see Price after being rejected from the Falling Resistance, descending to the Break of Structure @ 1.10548 and the Order Block responsible for sweeping Sell-Side Liquidity @ 1.10437 being the Entry Range for when Price comes down and Successfully tests the Order Block!
*This rejection also creates a Higher High or disruption in the Downtrend suggesting power transfer from Bears to Bulls.
Now another big tell is the Bullish Divergence between the RSI and Lows of Price testing the Falling Support!
Also the presence of Bears in the BBTrend seems to be dwindling with each Low created where you see the collection of Red Bars shrinking!
Fundamentally, USD has Retail Sales on Tuesday (Sept. 17th) and Federal Funds Rate / FOMC Meeting on Wednesday (Sept. 18th) with expectations for Rates to start being cut!
REEF long Touched the orderblock right under SMA 13 after making another Higher High. Which could suggest that this will be the Higher low before we have a break of structure to the upside. I suggest you take partials on the way to the final TP. Also funding rate on binance is -0.46%
Market Cap BTC dominanceMy last idea about BTC dominance played out exactly as expected. Now, many people are worried about their investments in altcoins; all they see are red candles, which is understandable since dominance has been increasing this whole time. Currently, it stands at 57.5%. The final target is 60%, which aligns with the 0.618 Fibonacci level and a major global order block. We also see a weekly MACD divergence.
During the last capitulation, the fear index hit 17, and many people sold their altcoins. However, I noticed significant buying volumes across all crypto market assets. The waves are primed to pump all of these. My global target is 32% dominance.
I can only see more buys on NASHello everyone, hope we're all having a good day !.
There's not much to be said here, price keeps breaking highs but where price is right now, it needs to do a short pullback to the order block there in my buy tool before it continues the buy...that's pretty much what I'm seeing, nothing much to do.
Use proper risk and money management...kindly wait for NYSE open tomorrow before you start looking for buys around that order block i placed my buy tool and make sure you have your own confirmations as extra confluences !.
Bitcoin Price Analysis Adjusted for Inflation: Key Reaction LeveOverview
In this analysis of the BTC/USDT pair adjusted for inflation using the M2 money velocity (M2V), we examine the key Fibonacci levels and potential reactions from order blocks (OB) and fair value gaps (FVG). This provides a more accurate perspective on Bitcoin's price action in the context of inflation.
Key Levels and Analysis
Current Price: BTC/USDT adjusted for M2V is trading at 43,235.36, with a 1.57% increase.
Fibonacci Levels:
0.236: 49,231.96
0.382: 42,763.04
0.5: 37,534.73
0.618: 32,306.42
0.786: 24,862.72
Potential Reaction Levels
0.5 Fibonacci Level (37,534.73):
Order Block (OB): Just below the 0.5 level, an order block is present, indicating a potential strong support zone.
Fair Value Gap (FVG): This zone also aligns with a fair value gap, suggesting a high probability of a significant price reaction.
Targets
Target 1: 49,231.96 - Key resistance level based on the 0.236 Fibonacci retracement.
Target 2: 59,688.58 - Major resistance aligned with the 0 Fibonacci retracement level.
Target 3: 87,331.31 - Based on the 0.618 Fibonacci extension.
Target 4: 115,152.95 - Ultimate bullish target at the 1.618 Fibonacci extension level.
Harmonic Patterns
The chart shows a large harmonic pattern Cypher, indicating potential reversal zones:
Point C: Previous peak, suggesting areas of interest for resistance and support.
Current Price Action
Support Levels: Immediate support at the 0.382 Fibonacci level (42,763.04). Stronger support anticipated at the 0.5 level (37,534.73) due to the presence of OB and FVG.
Resistance Levels: 0.236 Fibonacci level (49,231.96) as the first major resistance.
Potential Scenarios
Bullish Scenario: Holding above the 0.382 level could lead to a break above the 0.236 level, targeting 59,688.58 and higher.
Bearish Scenario: If the 0.382 level fails, a drop to the 0.5 level is likely, where a strong reaction is expected due to OB and FVG.
Conclusion
Adjusting for inflation with the M2 money velocity offers a clearer view of Bitcoin's real value. The 0.5 Fibonacci level (37,534.73) is critical, with strong support from OB and FVG, suggesting a significant price reaction. Monitoring these levels will provide valuable insights for trading decisions. Share your thoughts and analysis in the comments below!
Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Always do your own research before making any trading decisions.