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Parallel Channel

Bitcoin 874d, 218d channels explored. Today I explore and log the patterns of Bitcoins 2015-2018 cycle using a simple SMA, Puell Multiple, NUPL indicators. "Bitcoin: Net Unrealized Profit/Loss (NUPL)" As I measure the capitulation on the 2015 period we get a upwards channel that forms the majority major trend of the Bitcoin bull market, so far I got 847d because the BPM, NUPL started to tap the upper trend line including the Pi cycle that also experiences a break out. After the breakout of the sideways up trending channel occurred we follow a 218d period of what I could call it the "vertical phase" of the bull market. So far monitoring this situation in todays market we are right at the end of the range where the next logical move could occur. Understandable if this market repeats it has some serious price valuations that could occur before year end. Is it crazy to believe we could be over $150,000 by the end of the march? I don't really think so. Interesting events are unfolding and if this next move is as volatile as the 2015 cycle I think we should expect a similar pattern emerging where capital FOMO's into Bitcoin once again. Thank you.
INDEX:BTCUSDLong
by BASEFUND
XAUUSD - Gold need correction till golden zone of retracement!Hello Mates! As we all watching XAUUUSD making ATH from last Two weeks and every time breaking its Higher Highs but here we need a good correction in gold to continue its trend here i have shared my analysis for gold read chart carefully and description. As gold has made two parallel channels in bullish trend internal and external parallel channels and following respecting external channel for impulsive wave and internal channel for pull back/retest/ and correction. i have drawn those both channel and marked all levels of movement! Gold Next Move Gold needs to take a corrective move till internal channel's down trendline which is very good zone of support and buying zone. where market can react with high volume candle to make a new ATH. Key Points Support: 2791 Resistance: 2895 Fib Golden Zone: 2815-2827 OB and FVG Level:2771-2792 Gold will give good move till 2791 and this is my target for sell, and buying zone for gold if you like my analysis support me and like my ideas
OANDA:XAUUSDShort
by PIPsOptimizer
GBPUSD → A breakout of trend resistance. Change?FX:GBPUSD is forming a local trend change attempt. The price breaks the resistance of the descending price channel and forms a consolidation above the line, in the buying zone. The fundamental background is very complicated and not stable because of Trump's policy and the tariff war with the whole world. Sharp shifting statements have a huge impact on the markets. Technically, the price is breaking the resistance of the long downtrend and we have a chance to change the local trend. A breakout of the resistance at 1.2488 and a price consolidation above this zone may motivate a buyer to support this move. Resistance levels: 1.2488, 1.26 Support levels: 1.2414, 1.2377 The price may test the previously broken channel resistance before rising further, but the 1.2488 trigger plays an important role. If the bulls can keep the defense above this area, the currency pair may rally a bit in the short term. Regards R. Linda!
Long
by RLinda
5
GOLD - Prise will correct and then continue grow to $2830 pointsHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 Some time ago price entered to rising channel, where it soon reached support area and then made a correction. Then price bounced from support line and soon rose to $2730 level, broke it, and continued to move up. Price made a small correction and soon rose to resistance line of channel and exited from this pattern. After this, price started to trades in between resistance line and with support line and at once fell to support line. Next, Gold in a short time rose to $2785 level and broke it, after which corrected and now continues to grow. So, in my mind, XAU can correct to support level and then continue to move up to $2830 resistance line. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDLong
by WalterMoon
10
Bitcoin can continue to fall in downward channel to 92K pointsHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price declined from the support level a little below and then started to grow inside the upward pennant, where it at once broke the support level again and continued to move up. Later BTC reached a resistance level, which coincided with the seller zone, and even rose, breaking this level to 108700 points and then turning around. Price fell below the resistance level, but soon backed up and some time traded between this level until it reached the resistance line of the pennant and then started to decline. In a short time, the price fell below the resistance level, breaking it, and soon exited from the pennant also, after which continued to move down inside the downward channel. In the channel BTC rebounded from the support line and rose to the seller zone, where it some time traded and then continued to decline, breaking the 104500 resistance level again. Bitcoin fell into the buyer zone, where it turned around and made a strong impulse up to the resistance line of the channel. And recently price bounced from this line and continued to move down. So, I think that Bitcoin can move up and then fall lower than the support level, breaking it. For this case, I set my TP at 92K points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
6
Euro can fall to buyer zone and then start to move upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price started to trades inside the range, where it at once dropped below the resistance level, breaking it. But soon Euro backed up, making a fake breakout with the first gap and later reaching the top part of the range. Next, the price started to decline and soon fell to the 1.0465 level, broke it, and exited from the range, continuing to decline inside the downward channel. In the channel, the Euro fell to the support line and then in a short time rose to the resistance line, rebounded, and fell to the buyer zone, breaking the support level. After this movement, the price turned around and started to move up, so soon, it rose to the resistance line, breaking the support level again and later Euro exited from the channel. Next, the price continued to move up and rose to 1.0530 points, breaking the resistance level, but soon it turned around and dropped to the support level, making a second gap. At the moment, the price is trying to grow, for this case, I think that the Euro will fall to the buyer zone and then rebound up, therefore I set my TP at 1.0375 points. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
8
Possible scenario for EURCHF looking at the 1st scenario, we are aiming for an upward trend; for that, the price must break the marked resistance. Overall, the trend is also quite bullish and respects parallel channel quite well. Scenario 2 tells another story in which we are looking for a bearish trend and in the favour of this situation the price has broken the trendline but for further confirmation, it has to break its last HL and then make a proper LH. Right now the big picture indicates a bullish trend.
Short
by faisal-101
Gold Hits New ATH – How Much Higher Can It Go?In yesterday's XAU/USD analysis, I mentioned that a correction could occur, potentially bringing Gold down to the 2770 zone. I even opened a trade based on this idea. However, after an initial drop to the 2810 zone, Gold reversed and surged to a new all-time high. Fortunately, I had not entered a large-volume trade, and with active management throughout the day, I kept my losses minimal. Now, the key question is: How much higher can Gold go? Looking at the chart, as I previously explained, Gold has been steadily rising within an ascending channel. Yesterday, it even broke above the channel’s resistance, and at the time of writing, it is trading at 2860. In my opinion, buying at this price carries too much risk. I prefer to wait for a blow-off top and signs of weakness before considering a sell trade. For now, I am staying out of the Gold market.
OANDA:XAUUSD
by Mihai_Iacob
MP Materials BreakoutMP Materials is benefitting from being the only integrated rare earth mining and processing site in North America. Trade wars heating up with China are a booster for this company which was already benefitting from having a new administration that wants to bring manufacturing back to the US and start sourcing rare earth elements locally. MP has broken out of a downtrend channel, back-tested the channel and held above, and is now moving higher. Not much keeping this one from ultimately going and testing that all-time high around $60. Lower indicators are bullish: PPO shows the green PPO line rising above the purple signal line, and both are above the 0 level which indicates short and intermediate bullish trends. TDI shows the green RSI line rising above the horizontal 60 level, in the upper half of it's Bbands, and above the purple signal line. Overall bullish trend in short and intermediate term. *This is one of 50 US companies that I buy and hold in my Roth.
NYSE:MPLong
by PrepForProfit
1
GBP/CAD Fall of the Pound A Bearish Trap Has Been Set Rising Channel Breakdown The chart previously exhibited a rising channel with two parallel white trendlines containing the price movement. The price broke below the channel, signaling a shift in market structure from bullish to bearish. Bearish Momentum Confirmation After the breakdown, the price retested the lower trendline but failed to reclaim it, confirming resistance. A strong bearish rejection followed, indicated by the red shaded area showing selling momentum. Short Entry & Risk-Reward Setup The short position was entered near 1.78981, slightly below the breakdown point. The stop-loss is set at 1.80996, positioned above the breakdown level to avoid whipsaws. The take-profit target is 1.75724, aligning with previous support and a logical demand zone. Indicators & Confluence EMA or Trend-Based Indicator. The red shading suggests the price is trending below a dynamic moving average, reinforcing bearish sentiment. Bearish Candlestick Formation, A series of red candles and a retest failure further confirm selling pressure. Trade Rationale & Risk-Reward Analysis Trade Type: Short Entry: 1.78981 Stop Loss: 1.80996 (~200 pips above entry) Take Profit: 1.75724 ( 325 pips below entry) Always book Profit every 10% Risk-Reward Ratio: 1:1.6 , indicating a solid risk-adjusted trade with a favorable reward potential. This trade capitalizes on the bearish breakdown of the rising channel, with a clear stop-loss placement and a logical take-profit target. If momentum sustains, the price could continue trending lower towards 1.75724 or even extend further.
Short
by wolfchemist
1
Costco Wave Analysis – 4 February 2025 - Costco broke round resistance level 1000.00 - Likely to rise to resistance level 1050.00 Costco is rising inside the minor impulse wave 3, which previously broke the key round resistance level 1000.00, which stopped wave i at the start of December. The active impulse wave 3 belongs to the higher order impulse wave (3) from the start of August. Given the strong daily uptrend, Costco can be expected to rise to the next resistance level 1050.00 (target price for the completion of the active impulse wave 3).
NASDAQ:COSTLong
by FxProGlobal
Google Wave Analysis – 4 February 2025 - Google under the bullish pressure - Likely to rise to resistance level 210.00 Google is under bullish pressure after the earlier breakout of the resistance level 200.00, which is the upper border of the sideways price range inside which the pair has been moving from December. The breakout of the resistance level 200.00 accelerated the active minor impulse wave 5, which belongs to the intermediate impulse wave (C) from September. Given the clear daily uptrend, Google can be expected to rise to the next resistance level 210.00 (target price for the completion of the active impulse wave 5).
NASDAQ:GOOGLong
by FxProGlobal