Still short goldBros, after gold continued to rebound to around 2893, it encountered resistance and fell back in this position area many times, which consumed the bullish momentum to a certain extent. This position area happens to be the 50% segmentation area from the high point of 2956 to the low point of 2832. So if gold fails to break through this area many times, it will hit the morale of the bulls to a certain extent.
In addition, although gold rebounded to the 50% retracement position area in one go, which exceeded my expectations to a certain extent, it did not form a solid structural support after touching around 2832. The technical pattern of "single needle bottoming" alone cannot support gold to continue to rebound and break through the key resistance area. Therefore, on the technical level, gold still needs to continue to step back and confirm support.
So in the short term, I am still willing to try to short gold. The upper resistance area is in the 2895-2905 zone, and the lower support area is in the 2875-2865 zone.Bros, profits are the ultimate goal in trading. Accumulating profits is what changes lives and destinies. Choosing wisely is far more important than just working hard. If you want to replicate trade signals and earn stable profits, or if you want to deeply learn the correct trading logic and techniques, you can consider joining the channel at the bottom of this article!
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Bitcoin - A Larger Corrective Wave Unfolding?🚀 After an extended impulse wave, could Bitcoin now be entering a deeper corrective phase?
According to Elliott Wave Theory, after every strong impulse, a retracement is expected—often revisiting the area of Wave 4 of the prior impulse. This alternative scenario suggests a larger-degree correction, potentially forming a WXY structure, before any significant bullish continuation.
Key levels to watch:
🔹 89,480 – Potential resistance & retracement zone
🔹 75,957 – First target range
🔹 57,000 - 64,000 – Extended target range
📊 If this scenario plays out, Bitcoin could face more consolidation before resuming its long-term trend. What’s your take? Do you see a different structure emerging? Share your insights!
BCH USDT#Bitcoin Cash ( SET:BCH ) – Cup and Handle
The BCH chart is forming a Cup and Handle pattern, a strong technical indicator signaling a potential bullish reversal. This pattern illustrates a period of accumulation followed by a pullback, forming a rounded bottom, and is now gearing up for a potential breakout to the upside.
T: $832.2 🔥
DXY Analysis: Rejection from Resistance – More Downside AheadWelcome back, guys! I'm Skeptic, and let's start the week with a DXY analysis.
This is a crucial period for the dollar index, with many significant events unfolding—one of the most important being Trump’s tariff war. Now, let’s break down the technical outlook on DXY.
1D Timeframe
Looking at the daily chart, we can see that DXY has been rejected from a key resistance zone. Additionally, since it has formed a lower high, I still maintain my previous analysis that DXY is currently undergoing a correction within its previous uptrend. This means we could see further declines. The key support level to watch here is the 35% Fibonacci retracement zone at 105.720.
4H Timeframe – Finding a Trigger
On the 4H chart, we had a daily resistance zone that was briefly broken but turned out to be a fake breakout. This suggests that liquidity has been swept above the resistance, liquidating long positions, and now the market has more momentum to push downward.
The main short trigger is at 106.188, but depending on momentum, we could potentially enter even earlier on lower timeframes.
Key Risk Factor: While we are currently in a correction phase, the major trend is still an uptrend. That means risk should be managed carefully, and trades should be closed sooner than usual.
Final Thoughts
Thanks for sticking around until the end of the analysis. From now on, I’ve decided to publish separate analyses for indices, forex pairs, and BTC instead of grouping them into one post. Let me know what you think about this new format— do you prefer everything in one post, or is this better?
See you in the next analysis! 🚀
66% Is Actual Again For Bitcoin Dominance Hello, Skyrexians!
Sad news, pump on Sunday was a huge fake. If you remember our last CRYPTOCAP:BTC.D analysis we pointed out that if we will see 60% breakdown there is. great chance to see altseason right now. But Dominance started to grow again and finally we have no doubts that shakeout will happen.
Let's take a look at the daily time frame. Here we can see the clearest Elliott waves structure. Wave 3 has the max AO as usual, and wave 4 was a flat correction which found support at 0.5 Fibonacci. Now we can see that final wave 5 to the 66% target. Don't pay attention to the red dots on Bullish/Bearish Reversal Bar Indicator , they are not important inside the range and can be counted a signal only at the potential end of wave 5 in conjunction with the divergence.
Best regards,
Skyrexio Team
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Cardano Update: Bullish MA200 Daily Long-Term & Short-TermLet's have a closer look at Cardano, ADAUSDT; look at the volume, what do you see?
It is not only yesterday's rise that is out of proportion with the rest of the days, early February and mid-November 2024 are also mainly green. Really high volume, always on green days. Notice how low the volume bars are on bearish (red) days.
After a strong bullish breakout, a reactive move, there is always a retrace. This retrace should be short-term and short-lived. That is, prices move lower shortly before additional growth. Whatever happens, this retrace will always end as a higher low compared to the start of the bullish jump. This means that Cardano is going up. Going up long-term and set to continue to grow on the short-term. But the market never moves straight up in a signal week, month or day.
If an advance is set to last only 30 days, we can definitely see a parabolic rise but, for this to happen, we would have a strong and long consolidation phase preceding the move. The best example is recent, late 2024. Consolidation happened between August and October 2024 and then a massive jump. All those months building up momentum and then a move with massive force developed. Now it is different because we won't see a simple bullish jump, we are set to experience long-term growth. Say Cardano grows for 8 months or more, until late 2024. Consider a new All-Time High around November 2025. Can be sooner or can be a bit later but here we are developing a map.
The important point is to focus on the long-term. Ignore the noise, ignore the short-term. The best example is Bitcoin, it was weak and bearish for six days, all loses were recovered in a matter of hours. This is how a volatile and young market behaves. Prepare for more.
Cardano is good. The chart reveals a bullish bias and the price is nice and strong. MA200 daily worked as support and yesterday's breakout recover EMA55, the action is happening above. A break and close above EMA55 confirms growth potential mid-term. The trading above MA200 daily means that it is confirmed, we are bullish on the long-term.
The bullish bias was confirmed in November 2024. The recent drop was a test of a resistance level turned support. The test was a success, MA200 holds. With this confirmation done and over, we are green and up we go.
Namaste.
GBPUSD FUNDAMENTALS AND TECHNICAL ANALYSISGBPUSD is currently trading at 1.265, showing strong bullish momentum as it finds solid support at this level. The gradual increase in trading volume indicates growing interest from buyers, suggesting that the pair is gaining strength for a potential move toward the 1.288 target. If this support level holds, we could see further bullish continuation in the coming sessions.
From a technical perspective, GBPUSD is respecting key support, with increasing volume confirming buyer interest. A break above minor resistance levels could further accelerate the uptrend, providing a clear path toward 1.288. If price action remains above 1.260, it will reinforce the bullish outlook, while traders should watch for any pullbacks as potential buying opportunities.
Fundamentally, GBPUSD's strength is influenced by a softer US dollar as expectations around the Federal Reserve’s rate policy shift. Any dovish signals from the Fed or weaker US economic data could push the dollar lower, giving GBP an advantage. Additionally, positive UK economic indicators or a hawkish stance from the Bank of England could further support the pair’s bullish momentum.
In summary, GBPUSD is holding strong support with increasing volume, signaling potential upside toward 1.288. If this bullish momentum sustains, traders could capitalize on the breakout, with confirmation needed through technical signals and macroeconomic developments. Keep an eye on resistance levels and market sentiment for further validation.
XAUUSD IS RESPECTING CHANNEL IN H1 TF, CAN MOVE FURTHER SHORT?Hello Followers I am going to publish my technical setup on XAUUSD, So share your opinion in comments about my analysis..
XAUUSD is respecting the parallel channel very well in H1 time frame.. Currently XAUUSD is working at a resistance area and it's level is 2872/2877.. According to me XAUUSD will move further short (bearish) till the 1st Target 2845 that is parallel channel's middle line and then if it properly break this support then will reach to the 2nd target 2820 that is parallel channel's lower line support that works also as demand zone.. The level of demand zone is 2820/2815.. I Have also identified the short position in the chart also...
KEY POINTS:
ENTRY PRICE 2873
DEMAND ZONE 2820/2815
RESISTANCE AREA 2872/2877
TARGETS:
1st TARGET 2845
2nd TARGET 2820
CANCEL TRADE 2895
Correction: Gold-----Sell near 2895, target 2869-2858Gold in the short term has a big V-shaped pattern. Gold fell to 2832 and then rebounded to 2895 in a V-shaped pattern. The rebound has exceeded the short-term repair. What everyone is most concerned about now is whether the bulls have risen again. The current pattern shows that the short-term has definitely turned strong and turned to bullish, but the general trend is still bearish. The signal of the weekly top has not been broken. Yesterday, the daily line closed with a big positive. Today, it is estimated that the bulls will have repairs. If the daily line closes with a positive again today, it may change the previous bearish trend. In addition, this week is a data week. Is the current rebound making room for data? Today, we will first look at the repair in the Asian session, and the US and European sessions will be bearish.
In the Asian session, we see that the repair range is 2858-2895. First, we will rely on the position of 2895 to arrange short orders. The long position opportunity is above the position of 2858. Note that when breaking through either side, we need to pay attention to whether it is the beginning of a new direction. If gold is still at a high level in the US and European sessions, we are considering a long-term plan. At present, I am not optimistic about gold going up directly in a V-shaped pattern, but rebounding and then falling again.
Support 2876 and 2858, pressure 2895, strong pressure 2900, the strength and weakness dividing line of the market is 2876.
Operation suggestion
Gold-----Sell near 2895, target 2869-2858
BITCOIN 2025 - A MODERATE SCENARIOBitcoin’s price trajectory hinges on critical technical levels. Should Bitcoin fall below the key support zones—referred to here as the 'red lines' and t he bold black line —it risks entering a bear market, potentially signaling the end of the current bull cycle. These levels are pivotal for sustaining the parabolic bull market’s final leg. Following an initial decline from current levels, Bitcoin is projected to drop to approximately $70K, where it may consolidate for a couple of months. For the best-case scenario to unfold, Bitcoin must hold above the critical $70-77K threshold and execute a sharp V-shaped recovery. From there, a robust rally could propel it beyond $100K around August, culminating in the cycle’s peak in September at its highest point. While this outcome appears unlikely in the short term, it remains the most favorable projection, contingent on Bitcoin maintaining strength above the $70K line. Failure to do so could prematurely terminate the bull cycle.
BTC/USDT – 30-Min Long Trade Setup !📌 🚀
🔹 Asset: BTC/USDT (Bitcoin)
🔹 Timeframe: 30-Min Chart
🔹 Setup Type: Bullish Reversal Trade
📌 Trade Plan (Long Position)
✅ Entry Zone: Above $86,204 (Support Bounce Confirmation)
✅ Stop-Loss (SL): Below $83,954 (Invalidation Level)
🎯 Take Profit Targets:
📌 TP1: $89,594 (First Resistance Level)
📌 TP2: $93,531 (Extended Bullish Move)
📊 Risk-Reward Ratio Calculation
📉 Risk (SL Distance): $86,204 - $83,954 = $2,250 risk per BTC
📈 Reward to TP1: $89,594 - $86,204 = $3,390 (1:1.5 R/R)
📈 Reward to TP2: $93,531 - $86,204 = $7,327 (1:3.2 R/R)
🔍 Technical Analysis & Strategy
📌 Descending Wedge Breakout: Price has formed a descending wedge, a bullish reversal pattern indicating a possible uptrend.
📌 Support Rejection: The price tested $86,204 support and showed signs of reversal with a green candle.
📌 Volume Confirmation Needed: Ensure high buying volume when price holds above $86,204 to confirm bullish momentum.
📌 Momentum Shift Expected: If price remains above $86,204, it could push toward $89,594, and further to $93,531.
📊 Key Support & Resistance Levels
🟢 $83,954 – Stop-Loss / Support Level
🟡 $86,204 – Reversal Level / Long Entry
🔴 $89,594 – First Resistance / TP1
🔴 $93,531 – Final Target / TP2
📉 Trade Execution & Risk Management
📊 Volume Confirmation: Ensure high buying volume above $86,204 before entering.
📉 Trailing Stop Strategy: Move SL to entry ($86,204) after TP1 ($89,594) is hit.
💰 Partial Profit Booking Strategy:
✔ Take 50% profits at $89,594, let the rest run toward $93,531.
✔ Adjust Stop-Loss to Break-even ($86,204) after TP1 is reached.
⚠️ Fake Breakout Risk
❌ If the price fails to hold above $86,204 and drops back, exit early to avoid losses.
❌ Wait for a strong bullish candle close above $86,204 before entering aggressively.
🚀 Final Thoughts
✔ Bullish Setup – Bouncing from support at $86,204 suggests a potential reversal.
✔ Momentum Shift Possible – Watch for volume confirmation.
✔ Favorable Risk-Reward Ratio – 1:1.5 to TP1, 1:3.2 to TP2.
💡 Stick to the plan, manage risk, and trade smart! 🚀📈
🔗 #CryptoTrading #BTC #LongTrade #TechnicalAnalysis #MomentumCrypto #ProfittoPath #TradingView #CryptoMarket #SwingTrading #RiskManagement #ChartAnalysis 📈🔥
GBPUSD is in the Buying Direction after Testing SupportHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USD/JPY - Trade Idea In most time frames we are infact Bearish
Why I am looking to buy here is because we are on a strong Support level. Previous buys have gone in favour at this level so we will be looking to make a similar trade setup. This trade also has the capabilities to target higher Liquidity so I may hold this trade out for long if its successful.
For entry Im looking to target the 1H Demand zone area which is sweeping Liquidity on sell side after taking out the 25% level. Our TP is at a previous supply but once again if we deny that supply we have a potential bullish breakout.
Risking 75Pips for 152Pips
Good luck to all the traders that might follow
BTC – hold here or it's lights out?We took out the bad highs and single prints we identified, then overshot a bit on a news squeeze during illiquid Sunday hours.
If you mark the Feb 3 lows, which is the low before the entire Feb range, we reclaimed, but did failed auction and then gave a perfect bearish retest before selling off again.
At the time of writing we backfilled the entire imbalance, but from previous examples this kind of momentum rarely holds with that much targets below us.
I can see a small bounce, usually we get 236 or a bit higher during these waterfall sell-offs, so looking for weakness around there is a great continuation short if you can find a local setup and invalidation.
Reclaim Feb 3 lows would probably cause us the squeeze a bit higher, but we'll deal with that if we get it.
Expecting our imbalance below to get tagged in the near future if we lose 85k. From there it's 'pray that the lows hold' because it's not looking good.
One more thing: we have a huge CME gap that is almost backfilled now. The level on a perp chart would be around 84.1, which would be a level to watch for potential bounces.
Dogecoin - The Final Break And Retest!Dogecoin ( CRYPTO:DOGEUSD ) is confirming the final retest:
Click chart above to see the detailed analysis👆🏻
After we saw the textbook retest of the previous all time high about three months ago on Dogecoin, so far we also saw the expected correction of about -50%. However Dogecoin is about to confirm the bullish break and retest, which eventually leads to a parabolic rally and new highs.
Levels to watch: $0.2, $0.5, $5.0
Keep your long term vision,
Philip (BasicTrading)
ETH - Let's gooo!🚨 CRYPTOCAP:ETH is at a make-or-break zone! 🚨
This level is crucial as it aligns with the lower bound of the channel & the key $2,000 round number.
✅ Holding $2,000? A bullish move toward $2,500 is on the table! 📈
❌ Losing $2,000? More downside risk ahead.
#ETH #Crypto #Ethereum
Disclaimer:
This content is for informational purposes only and should not be considered financial or investment advice. Always do your own research and consult with a professional before making any investment decisions.
Time to Bounce back BullishAs a fib tool with the main trend line, we can see that the price is already touch the main trend line, we have a big chance for bounce back after droping from 3,920 blue line average on fib tool, if the price break through the main trend line, then we are going to see a price drop to the next support level at 1,550
but all indicators shows a 90% a chance for bullish