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Hang Seng Futures: Bulls Need 23,600 to StickIf Hang Seng futures continue to bounce from 23,600, it sets up a decent long opportunity with the price trending higher and momentum indicators and moving averages still favouring dip buying. The price is currently taking a peek beneath the level. If it can rebound—as seen earlier in the session—longs could be considered above 23,600 with a stop beneath the session low for protection. Wednesday’s high of 23,884 stands out as a potential target, with a break above that opening the door to a retest of 24,050 resistance. Failure to reclaim 23,600 would invalidate the setup. Good luck! DS
HKEX:HSI1!Long
by FOREXcom
EURUSD Bearish Setup📌 Market Structure & Setup Summary Major Supply Zone Rejection (Red Zone at Top): Price tapped into higher timeframe supply zone at 1.13755 (red box). This was a buy-side liquidity grab just above the previous high → textbook distribution zone. Now price is respecting that zone and rejecting it with bearish momentum. Bearish Rising Channel Broken: Red trendlines show a rising wedge → often leads to a bearish breakout. Price is currently breaking out of that wedge to the downside. Premium Pricing Confirmed: Price was pushed into the premium zone (above equilibrium), inducing buy orders → now being reversed. 🔄 Trade Plan (Short Bias) ✅ Entry: Activated inside the red supply zone after confirming wick rejections and structure shift. 🛑 Stop Loss: Above the red supply zone (above 1.13755). 🎯 Targets: TP1 → 1.12545: Structure support and breaker block. TP2 → 1.11663: Previous demand zone and trendline intersection. TP3 (Optional) → 1.11002 – 1.10610: External liquidity + trendline + FVG zone. 📉 RR Ratio: Estimated 1:4 to 1:5+ if TP2/TP3 hits. ⚠️ Key Confluences 🔹 Bearish break of rising wedge = structural shift. 🔹 Rejection wick inside red supply + BOS. 🔹 TP zones aligned with previous OB, breaker blocks, and liquidity pools. 🔹 News/volatility likely during the double blue vertical lines, so expect reaction spikes. 🚫 Invalidation Criteria If price closes above 1.13755, the idea is invalid. Watch for manipulation or false breakouts during high-impact news. 🔮 Market Forecast If current rejection holds, expecting price to seek sell-side liquidity from 1.12545, then 1.11663, and possibly lower. This is a classic distribution > BOS > retrace > expansion sequence.
Short
by Delast2
1
3M Wave Analysis – 21 May 2025 - 3M reversed from multi-month resistance level 154.00 - Likely to fall to support level 145.00 3M recently reversed down from the multi-month resistance level 154.00 (which has been reversing the price from the end of January) intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 154.00 formed the daily Japanese candlesticks reversal pattern Evening Star. Given the strength of the resistance level 154.00 and the overbought daily Stochastic, 3M can be expected to fall to the next support level 145.00.
NYSE:MMMShort
by FxProGlobal
GBPUSD Bearish Setup📌 Current Market Structure Liquidity Sweep + Rejection in Premium Zone: Price tapped into the major supply zone (red box) sitting above the last high. Liquidity above previous highs was swept, and now price is rejecting → a classic buy-side liquidity grab setup. Bearish Rising Wedge Structure Broken: Price broke the inner rising wedge (red trendlines) to the downside and is now retesting the supply zone. Breakdown aligns with a potential reversal entry or at least a bearish pullback. Higher Timeframe Supply Zone: The red zone coincides with the 1.34782 resistance, which price failed to break cleanly above. This zone holds institutional footprints → possible smart money distribution. 🧠 Trade Idea (Bearish Bias Confirmed) ✅ Entry: Already activated inside the red supply zone. 📍 Stop Loss: Just above the red box (around 1.3480). 🎯 Target Zones: TP1: 1.33281 → minor demand zone and previous consolidation. TP2: 1.32870 → previous BOS retest zone. TP3: 1.32543 → deep demand zone and trendline intersection. TP4: 1.31759–1.31554 → external liquidity resting below structure (long-term target). 🔻 Risk-to-Reward: Excellent potential up to 1:5+ RR if TP4 hits. 🔄 Reversal Signals Confirmation Watch for: Bearish engulfing candles with rising volume inside the red zone (VSA style). Displacement candle or M5–M15 BOS confirming internal structure shift. ⚠️ Invalidation Zone If price closes a 1H candle above 1.3480, setup is invalidated. Watch out for possible manipulation during the vertical blue lines (likely high-impact news). 🔮 Forecast: Expecting a mid- to long-term retracement or reversal back to the 1.31700s – 1.32800s region, based on the current rejection from premium supply and completion of a liquidity sweep.
Short
by Delast2
Going Short on BitcoinBINANCE:BTCUSDT Bitcoin has moved up strongly in the last 5 weeks in a 5-wave up move, which is very bullish long term. However, after a 5-wave move, there is usually a 3-wave corrective move to the opposite direction. The most common target will be the Golden Pocket, which is between the 61.8% Fibonacci Retracement and the 78.6% Fibonacci Retracement. Which would be between $86,500 USDT and $81,200 USDT. This move will probably take several weeks, probably between 2 and 4 weeks, before it resumes to the upside. Another point to consider is that the RSI indicator has reached overbought levels, above the 70 level. I would like to see it near oversold levels, 30 level, before considering going long. I hope you find this interesting. Good luck to you
Short
by Raul_Dominguez
Why I think EURUSD will sell this week...Technical AnalysisHey Rich Friends, Happy Monday! I wanted to share my analysis on EURUSD and why I think it will sell. This is only a technical analysis so please check the news and cross-reference your own charts. Here is what I am looking at: - Momentum has picked up for the sellers after the swing high was hit. This means a downtrend has started and is picking up. - The market structure was broken on the downside on M15 and H1. There was a retest and previous support became resistance. - The stoch is facing down, both lines have crossed below 80, slow line (orange) is above the fast line (blue) which is a bearish confirmation for me. Additional information: - I will wait for both lines of the stoch to cross below 50 to confirm the down trend. - I will use previous highs as my SL and previous lows as my TPs. Good luck if you decide to take this trade, let me know how it goes. Peace and Profits, Cha
Short
by MoneyMantraCha
ASX Bulls Sniff Record HighsASX 200 SPI futures have broken above the 8400 level and May 16 high of 8424, opening the door to a bullish setup—provided the price holds these levels into the close. Longs could be considered above 8424 with a stop below 8400 for protection, targeting a retest of the record high at 8581. While momentum indicators are nearing overbought territory, they continue to trend higher, keeping the bullish bias intact. A close below 8400 would invalidate the setup. Fundamentally, the underlying index remains expensive across several valuation metrics—especially the banking sector, where multiples are hard to justify. But that hasn't stopped the rally so far. Optimism following the RBA’s dovish shift in May is helping fuel the latest breakout. Good luck! DS
ASX24:AP1!Long
by FOREXcom
An Extended In-Depth BTC/USDT Technical ExaminationThis comprehensive technical analysis offers a granular look into the recent trading activity of BTC/USDT. By dissecting the established market structure, various indicator signals, and crucial volume patterns, we aim to build a detailed picture of the forces at play and the evolving sentiment within this market. 1. The Bedrock: Established Bullish Structure and a History of Ascending Peaks Observing the price action from the designated "STRUCTURE START" point, it's evident that Bitcoin has, for a considerable span, carved out a path indicative of bullish market dominance. This was not a haphazard series of movements but rather a more methodical construction of a positive trend, characterized by the consistent achievement of higher highs. Each successive peak surpassed its predecessor, and often, the subsequent troughs also formed at higher levels than those before them. This pattern of ascending highs and higher lows is a cornerstone of classical technical analysis, widely interpreted as a sign of robust underlying demand and a prevailing optimistic sentiment among market participants. Buyers have demonstrated a recurring willingness to absorb selling pressure and to pay incrementally more for the asset, leading to this stair-step upward progression. This established bullish framework provides the critical context against which more recent, potentially contrasting, signals must be evaluated. It forms the baseline expectation of continued upward momentum that has been challenged by more recent developments. 2. An Early Warning: The Initial Bearish Divergence and Its Eventual Neutralization Well before the most recent price turbulence, an interesting cautionary signal emerged in the form of a "WEAK BEARISH DIVERGENCE," as demarcated by the yellow dashed line connecting price peaks with corresponding RSI peaks. This specific instance occurred when the price chart successfully printed a new, higher high, yet the Relative Strength Index (RSI), a momentum oscillator, failed to confirm this strength, instead registering a lower high. Such a discrepancy between price and momentum is a classic bearish divergence. It often suggests that while the price is still being pushed upwards, the underlying buying power or enthusiasm is beginning to wane. It can be an early indicator that the bullish thrust is losing conviction and that the trend might be vulnerable to a pullback or reversal. However, this particular early warning signal did not immediately usher in a significant downturn. As the chart highlights with the red "!" exclamation mark on the RSI, this divergence was subsequently "mitigated." Divergence mitigation can occur in several ways, such as a sharp price correction that pulls the RSI down significantly, effectively "resetting" the oscillator, or a period of sideways consolidation where the RSI drifts lower, resolving the overbought conditions without a major price drop. In this case, the mitigation implied that the bearish undertones indicated by the divergence were either absorbed by renewed buying interest or were not potent enough to derail the overarching uptrend at that juncture. The market seemingly managed to overcome this initial hiccup in momentum, allowing the bullish structure to persist for a while longer. 3. The Volume Narrative: A Tale of Initial Strength Followed by Decisive Weakness at the Apex The volume profile, particularly over the most recent trading days leading up to and including the latest peak, provides crucial insights into market conviction. As BTC/USDT embarked on its ascent towards the recent significant highs, there was a conspicuous and encouraging surge in trading volume. This is visually represented by the taller volume bars, and the green upward arrow on the volume indicator emphasizes this period of high participation. Generally, strong volume accompanying a price rally or a breakout above key resistance levels is considered a bullish confirmation. It suggests broad market participation, institutional interest, and a strong consensus behind the upward move, lending credibility to its sustainability. However, a very different and far more concerning volume pattern emerged during the attempt to retest or potentially exceed this recently established high. As indicated by the red downward-sloping arrow and the prominent red question mark above the volume bars, the trading volume experienced a dramatic and notable decline during this critical retest. This sharp fall-off in volume as the price approached or nominally touched the prior peak is a significant bearish tell. It signals a profound lack of buying conviction at these elevated price levels. Potential interpretations include buyer exhaustion (those willing to buy have already done so), profit-taking by earlier entrants, or an absence of new capital willing to chase the price higher. The failure to decisively break the previous high, especially when accompanied by such diminished volume, often acts as a strong precursor to price rejection, suggesting that the bullish impetus witnessed earlier had significantly dissipated, leaving the market vulnerable. 4. An Unresolved Condition: The Persistent Bearish Divergence Deepens its Roots More recently, and perhaps more alarmingly for bullish prospects, a distinct and more pronounced bearish divergence has taken shape, as explicitly marked in red ("DIV") on the RSI indicator. This divergence materialized as the price action, particularly looking at candle closes, managed to etch out highs that were comparable to, or in some instances slightly above, the peak established just before the sharp subsequent decline. In stark contrast, the RSI painted a very different picture, charting a series of clearly lower highs. This disjuncture, where price holds or inches higher while momentum (as measured by the RSI) visibly weakens, is a classic and often more reliable bearish signal. It implies that the upward price movements are occurring on fumes, with diminishing underlying strength and buying support. What makes this particular divergence especially noteworthy is its resilience. Despite the "relatively violent attack on the lows" observed – a sharp and rapid downward price movement that might typically be expected to "reset" indicators and alleviate overbought conditions or divergences – this bearish divergence was not mitigated. One might anticipate such a forceful sell-off to drive the RSI down substantially, thereby resolving the discrepancy with price. However, in this instance, while the RSI did decline in response to the price drop, it did not fall to a level that would invalidate the pre-existing bearish divergence. Instead, this sequence of events seems to have reaffirmed and potentially extended the divergence. The RSI’s failure to achieve a deep reset during the sell-off, coupled with any subsequent weak price recovery attempts that still keep the RSI relatively subdued compared to its earlier peaks, reinforces the notion that the selling pressure encountered was substantial and that the bulls currently lack the momentum to decisively overcome this prevailing underlying weakness. This persistent, unmitigated divergence, especially when viewed in conjunction with the aforementioned volume weakness at the highs, strongly suggests a more entrenched struggle for the bulls. Conclusion: While it's true that in the very short term, the persistence and extension of the bearish RSI divergence, coupled with volume weakness during the latest attempt to surpass highs, presents a scenario with slightly bearish undertones and warns of a potential corrective or consolidation phase, it is crucial not to lose sight of the broader perspective. The primary price structure, observed since the "STRUCTURE START," continues to exhibit a sequence of higher highs. This is a fundamental pillar that maintains the bullish scenario as the principal and most probable one in the medium term. Therefore, even if the price were to experience a correction and seek lower support levels or even recent lows (such as a potential test of the POC zone or lower marked levels), the priority mindset should remain geared towards identifying buying opportunities. This is because the underlying expectation is that, following a potential corrective or consolidation phase, the price will resume its path to make future attacks on key resistance levels. Seeking long trades, with an eye on surpassing recent highs and continuing the upward trend, remains the predominant strategy. Additionally, it is vital to consider the confluence with the prevailing bullish trend on higher timeframes (daily, weekly). What we are currently observing on this lower timeframe chart could be interpreted as a phase of fractal re-accumulation within the inertia of this larger uptrend. That is, a pattern of consolidation and subsequent continuation that replicates on a smaller scale within a broader bullish movement. Pullbacks, in this context, often serve as opportunities for longer-term traders to add to positions or for new participants to enter in the direction of the main trend. Consequently, while the formation of a short-term bearish setup cannot be entirely dismissed, especially if weakness persists and key supports are broken with conviction and volume, this bearish scenario still lacks the necessary confirmations to consider it dominant or to invalidate the underlying bullish structure. For now, the structure of higher highs and higher lows, supported by the trend on higher timeframes, suggests that any current weakness might be temporary before a new bullish impulse. The underlying bullish structure remains the primary guide until proven otherwise with compelling technical evidence, such as a break and consolidation below significant prior structural lows.
by hiraganime
eBay May Be Breaking OuteBay has quietly snuck to multiyear highs, and some traders may look for further upside. The first pattern on today’s chart is the February 26 peak of $71.61. At the time, it was the highest level since November 2021. However, EBAY broke it on Friday and continued upward on Monday. That could suggest it’s breaking out. Second is the April 1 high just below $69. The e-commerce stock struggled to get above it in early May but soon turned the old resistance into new support. That’s potentially consistent with an uptrend. Next, the 50-day simple moving average (SMA) is above the 100-day SMA. Both are above the 200-day SMA. That sequence, with faster SMAs above slower ones, may reflect a long-term uptrend. Short-term signals may be similarly positive. For example, the 8-day exponential moving average (EMA) is above the 21-day EMA and MACD is rising. Check out TradingView's The Leap competition sponsored by TradeStation. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:EBAY
by TradeStation
GOLD (XAU/USD) - Bullish Wave 4 Retracement in Progress📈 GOLD (XAU/USD) - Bullish Wave 4 Retracement in Progress 💥 15-Minute Chart | Elliott Wave | AO Convergence | Bullish Reversal 🔍 Market Context: Gold has completed a clear 5-wave impulsive move down from the 3228.75 resistance zone. Based on Elliott Wave Theory, we are now seeing the beginning of Wave 4, a corrective retracement before a potential Wave 5 continuation lower. 🧠 Technical Breakdown: ✅ Wave Count: Wave 3 completed with strong bearish momentum, ending in a classic 5-subwave structure. We're now seeing a bullish engulfing candle at the termination of Wave 3, signaling a potential Wave 4 correction. Price is currently showing strength to the upside, likely retracing to test the previous supply zone near 3,228.75. ✅ Awesome Oscillator (AO): Notice the bullish divergence (or convergence) forming between Wave 1 and Wave 3 lows. Momentum is waning, suggesting the sell-off is losing steam—an ideal condition for a Wave 4 bounce. Histogram bars are beginning to flip green, indicating short-term bullish strength. ✅ Price Action Confirmation: The bullish engulfing candle marks a potential reversal zone. Wave (5) of 3 appears to be completed in the green box region, aligning with historical demand. A breakout above the small pullback could accelerate the move toward the 3220–3228 area. 🎯 Trade Idea (Short-Term): Bias: Bullish retracement (Wave 4) Entry: On break of bullish engulfing high Target: 3220 – 3228 zone (Fib or prior structure resistance) Invalidation: Close below 3190 or break of bullish engulfing low 📢 What to Watch Next: Monitor for bearish signals around 3228 to prepare for a potential Wave 5 drop. If price stalls or forms bearish divergence near resistance, it may offer a high-probability short setup. 💬 Let me know in the comments if you're riding this retrace or waiting for Wave 5! Drop a 👍 if you like clean wave structure analysis! #XAUUSD #GoldAnalysis #ElliottWave #Wave4 #AO #BullishEngulfing #TradingView #PriceAction #TechnicalAnalysis
FOREXCOM:XAUUSDShort
by AwesomeOscDad
8752 Break Could Open Path to Retest Record HighsA clean break above the March 20 high of 8752 would generate a bullish setup, allowing for longs to be established with a stop beneath for protection, targeting a retest of the record high at 8898. Price action has been bullish in recent days, with a break of minor downtrend resistance on Thursday triggering another wave of buying, backed by solid volumes. Combined with momentum signals that reinforce the trend, the bias remains to buy dips and breakouts. If the price fails to sustain a break above 8752, the setup is invalidated. Good luck! DS
ICEEUR:Z1!Long
by FOREXcom
Merck Wave Analysis – 19 May 2025 - Merck reversed from support area - Likely to rise to resistance level 80.00 Merck recently reversed up from the support area between the long-term support level 73.35 (which has been reversing the price from the middle of 2020) and the lower weekly Bollinger Band. The upward reversal from this support area created the weekly Japanese candlesticks reversal pattern Long-legged Doji. Given the strength of the support level 73.35 and the oversold weekly Stochastic, Merck can be expected to rise to the next round resistance level 80.00.
NYSE:MRKLong
by FxProGlobal
EURJPY - Wave 5 Final Push? Time to Watch for Reversal🌀 EURJPY - Wave 5 Final Push? Time to Watch for Reversal 🚨 (Elliott Wave + AO Divergence + Fib Confluence) 📆 Date: May 19, 2025 📊 Pair: EUR/JPY ⏱️ Timeframe: 1H 🔍 Tools: Elliott Wave, Fibonacci Extension, Awesome Oscillator (AO) 🧠 Technical Breakdown We are currently tracking a textbook Elliott Wave impulsive decline, with price forming a clean 5-wave structure to the downside. The pair now seems to be completing Wave (5) — and several strong signals suggest that a bullish reversal might be imminent. 🔢 Elliott Wave Count ✅ Wave (1) to (4) are already completed. 🔻 Wave (5) has broken below the 2.618 fib extension — which confirms an extended fifth wave. 📉 Current downside target zone lies between the 4.236 – 4.786 extensions: 4.236: ~161.796 4.786: ~161.275 This blue box zone (161.80 – 161.27) is now a high-probability completion area for Wave (5). 📈 Awesome Oscillator (AO) – Bullish Divergence Detected AO shows a clear bullish divergence between Waves (3) and (5). Momentum is fading on the bearish side while price makes a new low — classic signal of potential trend reversal. 🎯 Trade Plan: Wait for Confirmation We’re not jumping in yet — but we’re close. ✅ What to Watch For: Let price reach the 4.236–4.786 fib zone (at minimum 161.796). Wait for a Break of Structure (BoS) — a clear break above a recent lower high (likely Wave 4). On the retest or pullback, look for long entry setups such as: Bullish engulfing candles Pin bar rejection MACD/AO flip Trendline breakout retest 🎯 Targets TP1: 162.80 – 163.50 (previous Wave 4 zone) TP2: 50% – 61.8% retracement of Wave (5) TP3: 164.40 – 165.20 (supply zone and structure confluence) 🛑 Stop Loss Idea Place SL below the 4.786 extension (~161.27) or beneath the new low formed, depending on your entry type (aggressive vs conservative). ⚡ Summary This setup brings multiple confluences together: ✅ Elliott Wave (5-wave completion) ✅ Fibonacci extension target zone ✅ AO bullish divergence ✅ Waiting for structure break for smart entry 💬 Let’s Talk Are you watching this setup too? Drop a 👍 or your analysis below — let’s grow together! ✅ Follow me for more clean setups using Elliott Wave, Divergence, and Price Action. 🔔 Hit the alert — EURJPY is cooking something! #EURJPY #ElliottWave #Forex #AO #BullishDivergence #FibExtension #PriceAction #WaveAnalysis #TradingSetup #ForexSignals
Long
by AwesomeOscDad
SGX Iron Ore: Evening Star Reversal Skews Risks LowerHaving completed a bearish reversal pattern and with bullish momentum starting to fade, traders should stay alert to the risk of renewed downside in SGX iron ore futures. A three-candle evening star has knocked the price back below $100 per tonne, putting the spotlight on the 50-day moving average for those eyeing potential bearish setups. A clean break below could invite fresh shorts, allowing for a stop to be placed above for protection. Former downtrend resistance from March 27 may now act as support, offering a potential target around $98 today. Beyond, $96 and $94.75 are levels of interest for those seeking greater risk-reward. While momentum indicators had swung bullish over the past week, that’s now starting to reverse. RSI (14) has broken its short-term uptrend, and MACD looks toppy. With modest volumes accompanying the reversal, patience is warranted. Good luck! DS
SGX:FEF2!Short
by FOREXcom
Bitcoin Stalls, But Chart Watchers Eye $300,000 Peak: Here's Whe Bitcoin, the world's leading cryptocurrency, has experienced a period of consolidation, leaving investors and analysts alike pondering its next move. While the price has stalled below the $105,000 mark, a confluence of factors, including popular predictive models and bullish sentiment from prominent crypto analysts, suggests that a significant surge could be on the horizon. The potential for Bitcoin to reach new all-time highs, possibly soaring to between $275,000 and $300,000 by October of this year, is fueling excitement and speculation within the crypto community. This article delves into the factors driving the bullish outlook for Bitcoin, examining the predictive models, analyst forecasts, and underlying fundamentals that support the possibility of a substantial price increase. We will explore the potential catalysts that could propel Bitcoin to new heights and analyze the technical indicators that chart watchers are monitoring closely. Predictive Models Point to a Massive Surge One of the primary drivers of the bullish sentiment surrounding Bitcoin is the existence of popular predictive models that suggest a massive price surge in the coming months. These models, often based on historical data, supply and demand dynamics, and other relevant factors, attempt to forecast the future price of Bitcoin with varying degrees of accuracy. One such model, which has gained considerable attention in the crypto community, points to a potential surge to between $275,000 and $300,000 by October of this year. While the specifics of this model are not explicitly detailed in the prompt, it is likely based on factors such as Bitcoin's scarcity, its increasing adoption as a store of value, and the potential for institutional investment to drive demand. It is important to note that predictive models are not foolproof and should not be taken as definitive guarantees of future price movements. However, they can provide valuable insights into potential scenarios and help investors make informed decisions. Analyst Forecasts: $159,000 This Cycle In addition to predictive models, bullish forecasts from prominent crypto analysts are also contributing to the optimistic outlook for Bitcoin. One analyst, in particular, has predicted that Bitcoin's price could reach $159,000 this cycle. While the specific methodology used by this analyst is not detailed in the prompt, it is likely based on a combination of technical analysis, fundamental analysis, and market sentiment. Technical analysis involves studying price charts and other technical indicators to identify potential trends and patterns. Fundamental analysis involves evaluating the underlying value of Bitcoin based on factors such as its adoption rate, network security, and regulatory environment. Market sentiment involves gauging the overall mood and expectations of investors in the crypto market. The analyst's forecast of $159,000 this cycle suggests a belief that Bitcoin is currently undervalued and that its price will eventually catch up to its intrinsic value. Bitcoin IS The Opt Out The phrase "Bitcoin IS The Opt Out" encapsulates a growing sentiment within the crypto community that Bitcoin represents a viable alternative to traditional financial systems. This sentiment is based on the belief that Bitcoin offers several advantages over traditional currencies and financial institutions: • Decentralization: Bitcoin is not controlled by any single entity, such as a government or central bank. This decentralization makes it resistant to censorship and manipulation. • Scarcity: Bitcoin has a limited supply of 21 million coins, which makes it a scarce asset. This scarcity is expected to drive its price higher over time as demand increases. • Transparency: All Bitcoin transactions are recorded on a public ledger called the blockchain. This transparency makes it difficult to engage in illicit activities using Bitcoin. • Security: The Bitcoin network is secured by cryptography, making it difficult to hack or tamper with. The belief that Bitcoin offers a viable "opt out" from traditional financial systems is driving increased adoption and investment in the cryptocurrency. BTC Price to $116K Next? 'Early Week' All-Time High The prospect of Bitcoin reaching $116,000 in the near future, potentially even achieving an all-time high early in the week, is further fueling bullish sentiment. This forecast, attributed to a Bitcoin trader, suggests that the cryptocurrency is poised to break out of its current consolidation phase and enter a new period of price discovery. The trader's forecast is likely based on technical analysis, identifying potential breakout patterns and momentum indicators that suggest an imminent surge in price. The expectation of an "early week" all-time high suggests a belief that the market is primed for a rapid and decisive move to the upside. Leaving the Tight Range Behind The statement that "Bitcoin is in line to leave its tight range behind in the coming days" suggests that the period of consolidation is nearing its end. A tight trading range typically indicates a period of indecision in the market, where buyers and sellers are evenly matched. However, such periods often precede significant price movements, as pent-up energy is released in one direction or another. The expectation that Bitcoin will leave its tight range behind suggests a belief that the balance of power is shifting in favor of buyers, setting the stage for a potential breakout to the upside. Retaking All-Time Highs and Pushing into Price Discovery The ultimate goal for Bitcoin bulls is to see the cryptocurrency retake its all-time highs and push into price discovery. Price discovery refers to the process of establishing a new price level for an asset when it breaks out of its previous range. When Bitcoin reaches a new all-time high, it enters a period of price discovery, where there are no historical resistance levels to impede its upward movement. This can lead to rapid and substantial price increases, as buyers are willing to pay higher and higher prices to acquire the asset. Potential Catalysts for a Bitcoin Surge Several potential catalysts could propel Bitcoin to new all-time highs and trigger a period of price discovery: • Increased Institutional Investment: As more and more institutional investors, such as hedge funds, pension funds, and corporations, allocate capital to Bitcoin, demand for the cryptocurrency is likely to increase, driving its price higher. • Regulatory Clarity: Greater regulatory clarity surrounding Bitcoin and other cryptocurrencies could remove a major source of uncertainty and encourage more investors to enter the market. • Mainstream Adoption: As Bitcoin becomes more widely accepted as a form of payment and a store of value, its adoption rate is likely to increase, driving demand and price appreciation. • Macroeconomic Factors: Macroeconomic factors, such as inflation, currency devaluation, and geopolitical instability, could drive investors to seek refuge in Bitcoin as a safe haven asset. Technical Indicators to Watch Chart watchers are closely monitoring several technical indicators to gauge the potential for a Bitcoin surge: • Breakout Patterns: Identifying potential breakout patterns, such as ascending triangles, cup and handle formations, and flag patterns, can provide clues about when Bitcoin is likely to break out of its current range. • Volume: Monitoring trading volume can help to confirm the validity of a breakout. A breakout accompanied by high volume is generally considered more reliable than a breakout accompanied by low volume. • Momentum Indicators: Momentum indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), can help to gauge the strength of a trend and identify potential overbought or oversold conditions. • Support and Resistance Levels: Identifying key support and resistance levels can help to anticipate potential price movements and set appropriate entry and exit points. Conclusion: Awaiting the Next Chapter in Bitcoin's Story Bitcoin's recent period of consolidation has left investors and analysts eager to see what the future holds. While the price has stalled below $105,000, a confluence of factors, including predictive models, analyst forecasts, and bullish market sentiment, suggests that a significant surge could be on the horizon. The potential for Bitcoin to reach new all-time highs, possibly soaring to between $275,000 and $300,000 by October of this year, is fueling excitement and speculation within the crypto community. Whether Bitcoin achieves these lofty targets remains to be seen, but the stage is set for what could be another exciting chapter in the cryptocurrency's story. As always, investors should conduct their own research, assess their risk tolerance, and make informed decisions before investing in Bitcoin or any other cryptocurrency. The journey ahead promises to be volatile, but the potential rewards could be substantial for those who are willing to navigate the risks.
BITSTAMP:BTCUSDLong
by bryandowningqln
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Is XRP About to Rebound? Bullish Signals EmergeXRP Flashes Bullish Signal: Technical Indicator Hints at Imminent Rebound – 100x Gains Coming? The Future Is Closer Than You Think—Analyst The cryptocurrency market is a volatile and often unpredictable space, where fortunes can be made and lost in the blink of an eye. Among the myriad of digital assets vying for attention, XRP, the cryptocurrency associated with Ripple Labs, has consistently been a topic of intense debate and speculation. While it has faced its fair share of challenges, including regulatory scrutiny and market fluctuations, XRP continues to hold the interest of investors and analysts alike. Recently, XRP has been displaying what some experts are interpreting as bullish signals, suggesting a potential rebound in its price. These signals are primarily derived from technical analysis, a method of evaluating assets by analyzing statistical trends gathered from trading activity, such as price movement and volume. One particular technical indicator is hinting at an imminent upswing, leading some analysts to predict significant gains for XRP in the near future. This article delves into the technical indicators flashing bullish signals for XRP, examines the factors that could contribute to a potential rebound, and explores the possibility of a 100x gain, a prospect that has captured the imagination of many XRP enthusiasts. Technical Indicators Pointing Towards a Rebound Technical analysis plays a crucial role in understanding potential price movements in the cryptocurrency market. Several indicators are currently suggesting a bullish outlook for XRP: 1. Moving Averages: Moving averages are commonly used to smooth out price data over a specific period, helping to identify trends. When a shorter-term moving average crosses above a longer-term moving average, it is often seen as a bullish signal, indicating that the price is likely to rise. XRP has recently exhibited this "golden cross" pattern on certain timeframes, suggesting a potential upward trend. 2. Relative Strength Index (RSI): The RSI is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of an asset. An RSI value below 30 typically indicates that an asset is oversold and may be due for a rebound. XRP's RSI has been hovering in oversold territory, suggesting that buying pressure could soon increase. 3. Fibonacci Retracement Levels: Fibonacci retracement levels are horizontal lines that indicate potential support and resistance levels based on the Fibonacci sequence. These levels are often used to predict where the price of an asset might find support during a downtrend or resistance during an uptrend. XRP has been testing key Fibonacci retracement levels, and a successful breakout above these levels could signal a significant price increase. 4. Chart Patterns: Technical analysts also look for specific chart patterns that can provide clues about future price movements. Some patterns, such as the "inverse head and shoulders" or the "double bottom," are considered bullish formations, suggesting that the price is likely to rise. XRP has been forming patterns that resemble these bullish formations, further supporting the possibility of a rebound. Factors Contributing to a Potential XRP Rebound While technical indicators can provide valuable insights, it is essential to consider the fundamental factors that could influence XRP's price. Several factors could contribute to a potential rebound: 1. Ripple's Ongoing Legal Battle with the SEC: The most significant factor weighing on XRP's price has been Ripple's legal battle with the U.S. Securities and Exchange Commission (SEC). The SEC alleges that Ripple sold XRP as an unregistered security, a claim that Ripple vehemently denies. A favorable outcome in this case could significantly boost XRP's price, as it would remove a major source of uncertainty and regulatory risk. 2. Growing Adoption of XRP for Cross-Border Payments: Ripple has been actively promoting XRP as a solution for cross-border payments, touting its speed, efficiency, and low cost compared to traditional methods. Increased adoption of XRP by financial institutions and payment providers could drive demand for the cryptocurrency, leading to a price increase. 3. Expansion of Ripple's Ecosystem: Ripple has been expanding its ecosystem by developing new products and services that utilize XRP. These include RippleNet, a network of financial institutions that use Ripple's technology for cross-border payments, and On-Demand Liquidity (ODL), a service that allows businesses to use XRP to source liquidity for cross-border transactions. A thriving ecosystem could attract more users and investors to XRP, further supporting its price. 4. Overall Cryptocurrency Market Sentiment: XRP's price is also influenced by the overall sentiment in the cryptocurrency market. A positive market sentiment, characterized by rising prices and increased investor confidence, could lift XRP along with other cryptocurrencies. Conversely, a negative market sentiment could put downward pressure on XRP's price. The Possibility of a 100x Gain: A Realistic Scenario? The prospect of a 100x gain in XRP's price has captured the imagination of many investors. While such a gain is certainly possible, it is essential to approach this scenario with a healthy dose of skepticism and realism. To achieve a 100x gain, XRP's price would need to increase by a factor of 100 from its current level. This would require a massive influx of capital into XRP, driven by a combination of factors, such as a favorable outcome in the SEC case, widespread adoption of XRP for cross-border payments, and a significant increase in overall cryptocurrency market capitalization. While these factors are not entirely out of the realm of possibility, they are by no means guaranteed. The cryptocurrency market is inherently unpredictable, and unforeseen events could derail any potential rally in XRP's price. Analyst Perspective: The Future Is Closer Than You Think Despite the inherent risks and uncertainties, some analysts remain optimistic about XRP's future. These analysts point to the potential for XRP to disrupt the traditional cross-border payments industry, the growing adoption of Ripple's technology, and the possibility of a favorable outcome in the SEC case as reasons for their bullish outlook. One analyst, in particular, has stated that "the future is closer than you think" for XRP, suggesting that significant gains could be realized in the near future. This analyst believes that XRP is currently undervalued and that its price could surge once the regulatory uncertainty surrounding Ripple is resolved. Conclusion: Navigating the XRP Landscape XRP presents a complex and often contradictory picture. Technical indicators are flashing bullish signals, suggesting a potential rebound in its price. Factors such as Ripple's ongoing legal battle with the SEC, growing adoption of XRP for cross-border payments, and the overall cryptocurrency market sentiment could all play a role in determining XRP's future. While the possibility of a 100x gain is enticing, it is essential to approach this scenario with caution and realism. The cryptocurrency market is inherently volatile, and unforeseen events could impact XRP's price. Ultimately, whether XRP achieves its full potential remains to be seen. However, the recent bullish signals and the ongoing developments surrounding Ripple suggest that the future of XRP is closer than many might think. As always, investors should conduct their own research, assess their risk tolerance, and make informed decisions before investing in any cryptocurrency, including XRP.
BINANCE:ETHUSDLong
by bryandowningqln
XRP/USD – Bullish Reversal in Progress After Wave 5 Completion📊 XRP/USD – Bullish Reversal in Progress After Wave 5 Completion Timeframe: 1H Structure: Elliott Wave + Divergence + Break of Structure Indicators Used: Awesome Oscillator (AO), Fibonacci Retracement, Market Structure ⸻ 🧠 Wave Count & Structure Analysis We’ve just completed a clean 5-wave Elliott impulsive structure to the downside: • ✅ Wave 1–5 clearly marked with strong bearish momentum • ✅ Wave (3) and Wave (5) show bullish divergence on the Awesome Oscillator (AO) – a classic sign of weakening bearish momentum and potential reversal • ✅ Wave (5) completed at the bottom with confluence from price action and AO divergence ⸻ 🔁 Break of Structure & Confirmation • ✅ Break of structure (BoS) occurred at 2.35064, confirming the end of the bearish impulsive wave and the start of a potential ABC corrective phase • ✅ The BoS also coincides with a dominant structure break, giving higher confidence in the trend shift ⸻ 🟦 Current Price Action: ABC Corrective Wave Forming We’re now in the early stages of a bullish corrective wave (ABC): • 🔹 Wave A has likely completed • 🔹 Currently expecting a retracement to form Wave B • 🔹 Wave C target is projected based on Fibonacci extensions between 1.618 to 1.88, offering a high-probability take-profit zone (TP1) ⸻ 🎯 Trade Setup Pending Buy Entry: • 📍 Entry Zone: Fibonacci retracement between 0.382 – 0.618 of Wave A • 🎯 TP1: Fibonacci extension of Wave C between 1.618 – 1.88 • ❗ SL: Just below Wave (5) low or below 0.618 zone, depending on risk tolerance ⸻ 🧩 Confluences for Bullish Setup • ✅ Elliott Wave completion (Wave 5) • ✅ Bullish Divergence on AO • ✅ Break of Market Structure (BoS + Dominant BoS) • ✅ Retracement into Fibonacci golden zone (0.382–0.618) • ✅ Measured C wave extension to 1.618–1.88 ⸻ 📝 Summary The market has shown strong technical signals for a bullish corrective move after a clean Elliott 5-wave completion. With a confirmed divergence, break of structure, and upcoming ABC retracement, this setup offers a solid risk-to-reward opportunity. Watching the buy zone closely for a pending long trigger. ⸻ 🔔 Disclaimer: This is not financial advice. Always conduct your own analysis and manage your risk accordingly.
BITSTAMP:XRPUSDLong
by AwesomeOscDad