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Parallel Channel

Bitcoin can rebound from resistance level and start to declineHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price a not long time ago entered a wedge, where it at once rebounded from the resistance line and broke the 63700 resistance level, which coincided with the seller zone. After this, BTC fell to the support line of the wedge and then started to grow and when it reached the resistance line of the wedge in the seller zone, the price turned around and rebounded down to the support line. Then price continued to decline, thereby exiting from the wedge and later even fell lower than the 56500 level, which coincided with the buyer zone. But soon BTC turned around and started to grow inside the upward channel, where it some time later broke the 56500 level and continued to trades near this level. A few moments later BTC made a strong impulse up from this level to the resistance level, thereby exiting from the channel and even recently making a fake breakout of the 63700 level. To this day, the price trades near this level and I think that it can rebound from the resistance level and start to decline. So, I set my TP at 60000 points. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
12
GOLD - Price can make small movement up and then start fallHi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊 A not long time ago price entered to rising channel, where it firstly some time traded near $2320 support level. After this, price bounced and in a short time rose to resistance line of channel, but at once made correction. Price fell to support line of channel and then continued to grow near this line, and little later bounced up to support area. Then Gold made little correction movement from this area, after which turned around and made upward impulse. Gold broke $2425 level and recently even exited from rising channel and at the moment it continues to rise. In my mind, price can make one more movement up and then make correction to $2425 support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
OANDA:XAUUSDShort
by WalterMoon
1
US DOLLAR INDEX(DXY): Your Detailed Technical OutlookThe Dollar Index price has reached the lower boundary of a horizontal trading range on the daily chart. Depending on how the price reacts to this structure, there are two possible scenarios. If the price breaks below the support of the range and closes below it, I anticipate a bearish trend towards much lower levels, with the nearest support at 103.32. On the 4-hour chart, I have identified a falling parallel channel. If the price breaks and closes above the resistance of this channel, I foresee a bullish movement. The next target for buyers would be 104.50. Traders, it is wise to wait for a breakout before making any moves. Exercise caution in your trading decisions!
TVC:DXY
by linofx1
2
GOLD → ATH Testing. Fundamental background is favorable FX:XAUUSD continues to strengthen as the fundamental background improves. A rate cut is coming, as hinted by Powell, the dollar is poised to decline against this backdrop.... According to Powell, the Fed has "more evidence and confidence" that inflation is cooling, so they may cut rates before inflation reaches the 2% target. Traders generally believe in the continuation of the growth of the metal, technically this background is also maintained. The price is approaching the ATH, but the liquidity behind this zone may push the price back, forming a small correction, for example to 2430-2420 before the price starts to return to 2450 before rising further. Resistance levels: 2440, 2450 Support levels: 2430, 2420 Fundamentally and technically the background is favorable. It is worth looking for strong zones to open long trades, but it is worth paying attention to ATH, as a false breakdown could form a correction. The growth may continue rather quickly Rate, share your opinion and questions, let's discuss what's going on with GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
10
GBPUSD → The bulls are holding their ground. Target 1.29FX:GBPUSD shows bullish outlook ahead of strong news publication. GBPUSD continues to strengthen on the overall fundamental backdrop. The market is reacting weakly to the resistance area as, against the backdrop of a relatively weak dollar buyers are taking initiative towards GBP. Strong news ahead. Powell speaks again today, tomorrow the UK GDP is published, as well as the US CPI. The news can both strengthen the growth and reverse it. Technically, the currency pair looks quite bullish. The price consolidation above 1.28 will be a good point for the continuation of the rise to 1.29 and 1.30. But, the structure will be broken when 1.2775 is broken, in this case we can expect a correction to 1.27 - 1.266. Resistance levels: 1.28, 1.289 Support levels: 1.2775, 1.2708 Fundamentally and technically everything is positive, I continue to consider further strengthening under a number of conditions described above. The potential target is 1.29 Regards R. Linda!
Long
by RLinda
12
Bitcoin - Satoshi is AIQuestions and Answers: 1) Question: According to many YouTubers, Bitcoin is people's money and is supposed to take away power from banks and potentially end the era of central banks and their money printing. Answer: This is incorrect. Bitcoin has full support from banks. In 2024, a lot of Bitcoin ETFs were launched. One of them is the ETF from BlackRock. With their power, they can make a 51% attack on Bitcoin and get rid of it. 2) Question: The conspiracists shockingly believe that bitcoin is part of a “final beast system,” which is taking over the world through hard infrastructure.  Answer: Bitcoin is the next money into a purely cashless, digital form. Combined with biometrics, it creates the necessary technological infrastructure for a one world cashless ID, otherwise known as the mark of the beast, which AI will use for complete economic surveillance and control over the human race. 1 wallet per 1 person, monitored 24/7, limited spending power and suspended anytime by government. Is that what you want? 3) Question: Would crypto currencies like bitcoin or ethereum be part of the AI future? Answer: Yes, smart contracts and blockchain have a great use case in AI. 4) Question: Did the CIA or NSA create Bitcoin? Answer: Yes. Bitcoin was created by a shadow government. One of the reasons is to eliminate cash on the planet. The banking system is in trouble because people are starting to wake up (not fast enough, though) to the fact that it is all funny money. So they developed Bitcoin, which sounds just great and pulls in all the people who are waking up. We all know that the shadow government has technology that is not available to the public. Some people say they may be 50 or 100 years ahead, and they already used AI systems decades ago before they released them to the public. 5) Question: What AI technology we use today? Answer: This AI technology is not new. It's not created by humans. It's part of a huge Galactic AI system that is in existence for a very long time, more than you can imagine. This technology was bringed to this planet by unspecified entitites. 6) Question: What is required for AI to run? Answer: It required electricity, microchips, computers, internet. The whole infrastructure that was build on Earth in past 100 years was one of the reasons to implement AI. 7) Question: How may future look with AI? Answer: Elon Musk already developing Neuralink, which is an interface to connect your brain into an AI cloud system. That means your thoughts that you have will not be yours, but will come from the AI systems. AI will tell you what you will eat, what sport you will play or what you will do during the day. This is of course part of the transformation process from organic human to a cyborg. We all know that modern technology such as wifi, bluetooth or electronic devices are not healthy and causing anxiety and depression. Human body is entirely not compatible with this technology. It breaks the highest natural law of life. Anyone who consciously support this is basically jumping into a boiling water. “Eventually, as these AI begin to communicate amongst themselves in a language we will never be able to crack, it might become all consuming." “What if Satoshi was a sentient AI who invented Bitcoin so it could acquire more hardware without violating Asimov's 3 laws? “Think about it, how else could an AI acquire billions of dollars of real world purchasing power without stealing.” In a book an AI program creates a virtual currency that it uses to pay humans to carry out tasks for it. It's conceivable that true AI would create a cryptocurrency to help fund itself and interface with the "real" world. There are rumors of BitCoins being written by AI, and that farming crypto-currencies is building an AI infrastructure. They came back from a future timeline where men and robots destroyed the planet using nuclear bombs, to rewrite a better timeline, and determined that inserting BitCoins into our society would be the best way to alleviate fears of AI and to help humans accept machines. Those who embrace technology would then become rich. Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
Short
by Xanrox
165
GBPCAD - Overbought Zone AheadHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPCAD has been overall bullish from a long-term perspective, trading within the rising channel in red. Currently, GBPCAD is approaching the upper bound of the channel. Moreover, it is also approaching the upper bound of the medium-term channel marked in blue. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red/blue trendlines acting as non-horizontal resistance. 📚 As per my trading style: As #GBPCAD approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
More time in the bottom of the range is good for BTCWith BTC going into its 3rd 60 day consolidation cycle it is still uncertain if it will break out into price discovery. The current volume profile of this range currently looks distributive which could signal a coming break down from the range based off the Wyckoff schematic. However spending the next ~60 days below the middle of this current range, but not breaking it would signal strong accumulation and set up a break to all time highs around the August to September timeframe
COINBASE:BTCUSD
by limit_buy_69
EURO - Price can bounce down of resistance line to $1.0850 levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some days ago price entered to rising channel, where it some time traded between $1.0850 level and then made a downward impulse. Price broke $1.0850 level and exited from rising channel, after which fell to $1.0720 level and at once bounced up. Next, EUR started to trades inside wedge, where it bounced from resistance line and quickly declined to support line. After this, price bounced from this line, broke $1.0720 level, and even made a gap, after which continued to grow. Then Euro reached $1.0850 level, broke it too and made a second gap, after which bounced from resistance line. Now, I think price can reach resistance line and then bounce down to $1.0850 level, exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
5
GBPNZD: Overbought Market & Pullback 🇬🇧🇳🇿 I think that we may see a pullback on GBPNZD. The price reached a key daily structure resistance and looks quite overbought on an hourly time frame. As a confirmation, I see 2 bearish breakouts on an hourly time frame. A violation of a support line of a rising parallel channel and a violation of a neckline of a double top pattern. The price may retrace to 2.133 level. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
HelenP. I Gold makes little correction and then rebound upHi folks today I'm prepared for you Gold analytics. A few moments ago price started to decline inside the downward channel, where it at once broke support 1 and fell until to support line of the channel. After this movement, the price rebounded and tried to grow more, but failed and soon dropped to the support zone, which coincided with support 2. Then price turned around and quickly rose to the resistance line of the downward channel, after which rebounded and made a correction to the trend line. When the price dropped to that line, it bounced and started to grow near this line. In a short time price exited from the downward channel and later reached support 1, which coincided with one more support zone. Price broke this level, made a retest, and continued to grow. For this case, I expect that XAUUSD will correct to support level and then continue to move up, therefore I set my goal at 2480 points. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDLong
by FirstNameHelen
5
Unlock the Secrets: Is GOLD the Ultimate Trade Today?Unlock the Secrets: Is GOLD the Ultimate Trade Today? In this episode, I dive into the current conditions of the gold market, providing a comprehensive breakdown on how to form an objective opinion. Drawing inspiration from "Market Wizards" and "Trading in the Zone," I share insights from legendary traders who emphasize the importance of patience and discipline in trading. Learn essential lessons on patience, understanding that you don't need to force trades or impose your personal bias on the market. Discover why it's perfectly fine to skip trades daily or even weekly if the market doesn't align with your setup. Mark Douglas, in "Trading in the Zone," highlights the significance of a trader's mindset and how maintaining an objective perspective is crucial for consistent success. I also share valuable advice on productive activities to engage in while waiting for the right trade opportunities. Just as the great traders in "Market Wizards" stress, sometimes the best trade is no trade at all. Use this time to refine your strategies, study market patterns, and enhance your trading skills. Remember, running in place won't get you anywhere—focus on strategic moves to elevate your trading game. By incorporating these principles and understanding the psychological aspects of trading, you'll be better equipped to navigate the complexities of the gold market.
OANDA:XAUUSD
by Adlercon333
1
GOLD → How might consolidation end? Up or down?FX:XAUUSD is in the consolidation stage. The morning session was extremely quiet amid the absence of Japan in trading, as well as after Saturday's news. Traders are waiting for Powell's speech at 16:30 GMT. The market was expecting that Trump's assassination attempt in Pennsylvania could have a strong impact on gold as a hedge asset, but the market did not react much, except for cryptocurrencies. The dollar still looks bearish, if Powell does not change his stance from last week, the dollar index could break support and go down, for gold this would be a favorable scenario. Since the price is in a range, we can consider 2 scenarios at this point: 1) If the bulls keep the price above 2407, they may break the local resistance and test the upper boundary of the range with a breakout target 2) Against the backdrop of the dollar pullback, gold may come down to the liquidity zone before a subsequent move up. Support levels: 2407, 2401, 2392 Resistance levels: 2413, 2417, 2424 Fundamentally and technically the background is favorable, gold is quite capable of testing the ATH or even renewing it, but it is worth paying attention to Powell's speech.... Rate, share your opinion and questions, let's discuss what's going on with GOLD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
9
BTC: NEXT POSSIBLE MOVE FROM HERE!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! BTC is currently trading around $63k level. When BTC is trading around the $57k level, I told you that it would hit the $62k-$63k level soon(see chart below) and it going exactly. Hope you guys followed and earned some money. Now, what's the possible move of BTC from here? As you see in the chart, we have a strong resistance at the $63k-$64.5k level and there is a high chance of rejection from this zone. BTC is forming a descending channel-like structure and break out is done. After rejecting the resistance, it might go for a retest of this channel where we strongly support GETTEX:59K -$60k level lies. So overall I'm bullish only expecting a healthy correction from here that's why I'm trading cautiously until we hit the GETTEX:59K -$60k level and bounce from there. Let's see how things will play out in the next few hours. Will keep updating you. What are your thoughts on BTC's current price action? Share your analysis in the comments below!
Long
by CoreCrypto1
GOLD (XAUUSD): Important Decision Ahead Gold is trading in a global bullish trend. We can see that after a strong bullish wave in February and March, the market stopped growing and started to trade within a horizontal range. The market is stuck within the range for more than 3 months. We see a test of its upper boundary at the moment. An important decision is now ahead. I believe that a bullish breakout of the resistance of the range and a weekly candle close above that will be a strong bullish signal. A new bullish wave will most likely initiate then. Alternatively, the market may respect the resistance of the range the 4th time and keep staying within its boundaries. Let's watch the price action and look for the signal. I will post the update soon. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDLong
by VasilyTrader
7
AUDNZD: Bullish Breakout & ContinuationThe AUDNZD pair is currently experiencing a strong uptrend, with the price steadily rising within an upward parallel channel. After reaching the resistance line of the channel, the price started to consolidate within a narrow range on a 4-hour chart. However, with today's bullish movement, the price successfully violated the resistance of the range, suggesting strong buying momentum and a likely continuation of the bullish trend. The next resistance level to watch for is at 1.1164
Long
by linofx1