Bearish on SPYAfter gapping down last week, we consolidated for the remainder of the week and successfully filled the gap. February is likely to be a bearish month. There’s a possibility that a double top has formed, and if we fail to break last week’s high while dropping below 600, a sharp decline could follow.
Key support levels to watch if SPY moves lower next week:
595
575
567 (a break below this level makes 540 highly probable).
Community ideas
Gold- New ATH after correction?On Friday, FOREXCOM:XAUUSD climbed to a high of 2786, just 30 pips below the previous all-time high (ATH).
Currently, the price is in a corrective phase, which could present an opportunity for bulls to enter the market at more favorable levels.
Key confluence support lies around the 2740 zone, which could serve as an attractive entry point. A reversal from this area, followed by a break back above 2760, would indicate the end of the correction and signal the potential for a new ATH.
However, a daily close below 2740 would halt the bullish outlook and suggest caution moving forward.
Bitcoin - Complete plan for February (125K soon)Bitcoin's price action is currently extremely bullish because the price broke out of the falling wedge pattern and 2x successfully retested it! There is really nothing bad about the price action, so we can expect higher prices in the coming days and weeks.
On the chart we can see 3 strong levels that you can use for your trading decisions. The first level is at 105,544 USDT (0.382 FIB and POC of the symmetrical triangle). This level will most likely be tested in the near future after a breakout. That means Bitcoin can pump to 110k and then come back and retest this level before continuing higher. The second level is 110,342 USD. This level is also very strong because it's the 0.618 FIB extension from wave 1 to wave 2. It's also above the previous all-time high, so we can expect a liquidity sweep above this swing high and then a short-term downtrend. The third level is at 118,109 USDT. This is also a significant level because we have a 1:1 FIB extension, and you may know that Bitcoin reacts pretty reliably to this extension. It's one of the best.
From the Elliott Wave perspective, the price action is also bullish. We have just finished the ABC correction with a 1:1 FIB extension, and we have started impulse wave 3. This wave 3 could end at the 1:1 FIB extension as well, but we need to wait for chart patterns, trendlines, and potentially RSI bearish divergence.
This is my primary plan for the next days and weeks. The secondary plan is that the ABC correction (wave 2) has not been completed, and it can transform into a WXYXZ triple three corrective wave.
Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
GOLD ROUTE MAP UPDATEHey Everyone,
What an amazing finish to the week smashing all our chart ideas across all our multi timeframe analysis.
After completing all our targets yesterday; we stated that we now needed to see ema5 lock above 2797 for a continuation into 2808. This was hit perfectly today completing all our targets for a perfect finish to the week.
BULLISH TARGET
2778 - DONE
EMA5 CROSS AND LOCK ABOVE 2778 WILL OPEN THE FOLLOWING BULLISH TARGET
2787 - DONE
EMA5 CROSS AND LOCK ABOVE 2787 WILL OPEN THE FOLLOWING BULLISH TARGET
2797 - DONE
EMA5 CROSS AND LOCK ABOVE 2797 WILL OPEN THE FOLLOWING BULLISH TARGET
2808 - DONE
BEARISH TARGETS
2768 - DONE
EMA5 CROSS AND LOCK BELOW 2768 WILL OPEN THE FOLLOWING BEARISH TARGET
2757 - DONE
EMA5 CROSS AND LOCK BELOW 2757 WILL OPEN THE FOLLOWING BEARISH TARGET
2746 - DONE
EMA5 CROSS AND LOCK BELOW 2746 WILL OPEN THE FOLLOWING BEARISH TARGET
2732 - DONE
EMA5 CROSS AND LOCK BELOW 2732 WILL OPEN THE SWING RANGE
SWING RANGE
2707 - 2697
We will now come back Sunday with our updated Multi time-frame analysis, Gold route map and trading plans for the week ahead.
Have a smashing weekend!! And once again, thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
TradeCityPro | Bitcoin: Dominating Crypto's Throne👋 Welcome to TradeCityPro!
Today's analysis is on Bitcoin, the undisputed king of cryptocurrency, leading with the highest market cap and dominance.
📅 Weekly Timeframe
We're witnessing a robust upward trend that began from a low of $15,922. After breaking through the consolidation range between $25,000 and $30,600, Bitcoin embarked on an impressive rally up to $70,831, setting a new all-time high (ATH) beyond the previous peak at $69,000.
🔍 Following the peak at $70,831, Bitcoin entered a roughly 250-day reaccumulation box ranging between $54,972 and $70,831. The $54,972 area was critical as it also aligned with the 0.236 Fibonacci level.
🧩 After 250 days, Bitcoin finally secured a position above $70,831, initiating the third leg of its ascent, reaching up to the 0.618 Fibonacci extension level around $106,000. Currently, the price has been ranging for several weeks, establishing a reliable base around $92,000, more noticeable in shorter timeframes.
🚀 I believe Bitcoin’s final bullish leg has not yet concluded, and we could soon see a breakout above $106,000, aiming for targets like $126,000 and $158,000, corresponding to the 0.786 and 1.0 Fibonacci extension levels. These targets seem logical for Bitcoin, but there's an even more ambitious dynamic target to consider.
✅ If Bitcoin surpasses these levels without significant resistance from Fibonacci levels, we could derive an upper target from the RSI. The 88.88 resistance in the RSI has historically capped Bitcoin’s peaks twice.
💥 However, RSI alone does not offer a precise price target as it heavily depends on momentum, but it suggests a potentially unreachable goal, which we should consider to keep our bases covered.
📊 Market volume currently favors the bullish trend, diminishing during corrections and rising with the trend, indicating a convergence of volume and direction. However, an increase in sell volume could signal a potential trend reversal, given Bitcoin's substantial rise.
📉 If a downturn initiates, Bitcoin has robust support at $70,000—the previous ATH—and other critical Fibonacci areas like $55,000, $47,000, and $37,000 that could act as barriers against sharp declines. Additional supports at $30,000, $25,000, and $15,900 could prevent deep falls during severe corrections.
✨ A break below 44.14 in the RSI could be critical as it has defined Bitcoin’s lows several times, indicating significant momentum shifts.
📅 Daily Timeframe
In the daily view, Bitcoin's recent trajectory is clearer. Breaking through the resistance at $72,981 with substantial volume, it ascended to $106,436.
🔼 Currently, after reaching this resistance, volume has decreased, and a price box has formed between $92,355 and $106,436. Given the strong upward momentum observed in the weekly timeframe, breaking the $106,436 resistance could propel Bitcoin towards the targets discussed earlier.
⚡️ Noticeable divergence in the RSI, although it doesn't necessarily indicate a weakening trend since there are no signs of divergence in candlestick patterns or volume, suggests a reset in momentum is likely.
💫 A fall below 41.12 in the RSI might trigger a bearish momentum, with $92,355 being a crucial support. If this level breaks, the next supports will be between $84,000 and $89,000, aligning with Fibonacci levels of 0.5 and 0.382. Beyond this, we might see a significant downturn towards $72,981, aligned with the 0.786 Fibonacci level.
⏳ 4-Hour Timeframe
In the 4-hour chart, we find Bitcoin in a smaller range between $101,360 and $106,436, near a strong supply zone.
📈 For long positions, the only current trigger is breaking $106,436. For a safer entry, wait for the upper range to break before entering.
🔽 For shorts, the $101,360 level acts as an appealing trigger, having previously demonstrated significant support. Potential short targets are at $95,239 and $91,757.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
GOLD → The new ATH is not the limit. What are the new targets?FX:XAUUSD updates ATH to 2800 and at the same time bulls are consolidating above the previously broken high, trying to form a base for continued gains
Gold updates all time high to $2800, amid a weaker US dollar and the threat of high tariffs from Trump, who again warned of possible 100% duties against BRICS countries, as well as a 25% tax on imports from Canada and Mexico, which boosted demand for protective assets. Investors are waiting for the US PCE Core Price Index data to gauge the Fed's next steps.
Technically, now the focus is on 2 levels: 2798.5, which is a trigger for the continuation of growth and support at 2785, behind which there is a huge pool of liquidity. Gold needs to overcome 2798.5 to continue rising, but before that a retest of the support may be formed due to the liquidity under the level.
Resistance levels: 2798.5, 2800, 2810-15
Support levels: 2790, 2785, 0.5 fibo
In general, gold has a bullish price movement. There are no hints of a trend breakdown, so the chance for the continuation of the growth is quite high and it can happen either when the trigger is broken or after a small consolidation or correction before the news. Emphasis on the previously mentioned levels and news.
Regards R. Linda!
BITCOIN → The price is getting ready to drop to 100K - 97KBINANCE:BTCUSD is facing strong resistance. The price is being pushed away from the 105-107K zone as much as possible, forming a defense conglomerate. But, this resistance cannot overshadow the global bullish situation yet
A controversial situation is forming on H1-H4: a descending channel and a symmetrical triangle. And everything depends on what part of the market sees which figure. The primary reaction to the triangle support may be accompanied by a rebound, but based on the situation with the resistance, we can assume that the rebound from the triangle will not be deep and the price will try to go down.
If we look at the descending channel, the price is held back from falling by the support at 101.600.
Yes, technically, it is the support of 101.600 that plays the main role now. The main question is whether this level will hold the price or not.
Fundamentally, the situation is debatable, as the situation mainly depends on America, on how Trump and officials will use rhetoric regarding cryptocurrencies. It could be a bubble, a scam to win an election, or empty talk. Or it could be an actual strategy
Resistance levels: 103.4K, 105.8K
Support levels: 101.6K, 99.6K
Emphasis on 101.6. In the short term, I expect a breakdown and price consolidation below the level followed by a drop to 100-97K
BUT! Since there is a symmetrical triangle on the chart, a false breakdown of 101.6 may lead to a small upward bounce before a further fall to 100K
Regards R. Linda!
HelenP. I Gold will continue to move up inside upward channelHi folks today I'm prepared for you Gold analytics. In this chart, the price declined to support 2, which coincided with the support zone, and some time traded near this level and then rebounded up to support 1. Then Gold turned around and dropped to support 2, and when the price reached this level, it broke it and declined a little below. After this movement, the price in quickly rose back to support 2 and then some time traded in the support zone. Later price made a correction movement again and then started to grow inside an upward channel, where it soon broke support 2. In the channel, the price fell to the trend line, which is the support line of the channel also, and then continued to move up next. Some time later Gold rose to support 1, which coincided with one more support zone and broke this level. Soon, the price rose to the resistance line of the channel and then made a correction to trend line, but a not long time ago it rebounded and continued to rise. For this reason, I expect that XAUUSD will rise to 2800 points inside an upward channel. If you like my analytics you may support me with your like/comment ❤️
GBP/USD - H1 Chart - Triangle Breakout (31.01.2025)The GBP/USD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 1.2342
2nd Support – 1.2295
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Lookin' For a LowHey traders,
After a large sell-off Friday, the question is, how are we looking going into next week?
We're using all technicals for this one with a sprinkle of economic news. Considering tariffs and deportations, "disruption" of goods, etc. I would say we are looking for more downside with the economic insecurity.
I expect the VIX or UVXY to start climbing, this may even be the start to the much needed 20% correction the market needs, but I'm not quite that ambitious yet.
Opening bell on Monday could be a DCB (Dead Cat Bounce), with a quick pop and drop type scenario. After all, it is the tail that wags the dog.
Looking for the low, long-term trend line dating back to October of 2023 would put us somewhere in the range of 578-581 and by the way, I think we're going even lower. That price, for now, is the target.
I'll keep it short and simple for this one, it's a pretty straight forward analysis. Overhead resistance, bearish sentiment, and a lingering correction.
Thanks for reading. 🙏
GOLD - 22 Jan 2025 SetupGOLD Market structure are now on a Bullish mode. Spotted nearest demand area (Green Rectangle). its avery good demand structure that breaking a new high from last week.
Entry Position : Long
Profit Target : 1:3 Shown on the chart image (Green Line)
Stop Loss : Slightly below demand area (Red Line)
Follow me if u guys making any gains from this idea.
Thanks
Coffee Trade Team
NOTCOIN It will grow soon...Now that the price has reached the bottom of the channel, one can hope that the price will increase slightly from here and reach the top of the channel.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Be careful with bitcoin !!!As you can see, the price is forming two bullish patterns on the 4h timeframe, If my view is correct, btc will rise to $120k .
And if this pattern is correct and breaks, higher targets are possible.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Bitcoin - An unexpected scenario that no one will tell u about!We all know about Bitcoin’s four-year cycle, and many compare the 2025 cycle to those of 2017 and 2021, analyzing common factors like the bull run and the massive price surges Bitcoin and altcoins experienced during those years.
But let me ask you an important question:
What if the bull run doesn’t happen in 2025 at all and this cycle extends until mid-2026?
As you know, the traders who truly profit in financial markets are the ones who think like market makers.
Does it seem logical to you that everyone expects a huge rally in 2025, and it actually happens just as anticipated?
Of course not.
2025 will be a year filled with price volatility designed to exhaust portfolios, drain liquidity, and spread uncertainty among traders.
We’ll see months where Bitcoin and altcoins surge parabolically, followed by months of brutal corrections, which will be less severe for Bitcoin but extremely painful for altcoins.
This price behavior may persist until Q4 2025 -Q1 2026, at which point Bitcoin will likely trade between $130K and $140K. All the analysts will tell you that the cycle has ended and that you should completely exit the market.
But in reality, that will be the true beginning of the bull run.
Bitcoin will continue its uptrend, targeting $300K, aligning with the Cup & Handle pattern target.
This level also corresponds to the 2.0 Fibonacci Retracement , reinforcing its significance as a major price objective.
It will be a violent surge within a short period, with a maximum duration of two months.
Most traders won't anticipate this move, and they will enter the market too late—right at the peak. That’s when the real bear market begins, trapping everyone in the market, just like in every previous cycle.
Best regards Ceciliones🎯
SpyNow turn it around!
2 targets on Spy this week.. the first is 589 gap support.. Also the weekly 20sma is around 589-590 and if you look at your weekly chart fawkery abounds nears the weekly 20.
If we break below weekly 20 which I would say is a 50/50 then price will double to back to 575 or lower trendline like so
Looking at the charts you'll notice something, Spy hit this ATH in Dec led by Tech , this most recent push though was led by Cyclicals, financials, Healthcare.. so let's look at the above
Cyclicals
TVC:NYA - Represents 3000 stocks ..
Triple bottom completed at ATH .. price is overextended and closed with a dark cloud cover Bearish candle
AMEX:XLF
My sell signal really lit up here . Similar triple bottom as NYA..
Daily money flow lit up overbought
Rising wedge here at ATH..
Bearish engulfing candle
Trump election gap is my long term target but the 20/50 is my immediate target at 49.50
AMEX:XLV
Price stopped at a brick wall here. I'm not surprised though. This sector got really extended and when price approaches the 200sma extended it rarely passes .
Resistance areas
148 price action
Daily 200sma
Weekly 50sma
Immediate target pullback is 144 gap close.
So the 3 sectors pushing spy the last 2weeks are showing a pullback coming this week.
As far as tech goes , you can check out my QQQ post..
10yr chart and VIX look prime for a explosive move next week. Both are showing a bullish falling wedge
TVC:TNX 10yr chart
TVC:VIX
If by surprised price gaps up .
Entries
1hour chart 20/50sma + 5min 200sma + trendline = good short Entry 603-605.. stop loss over 607
If price gaps down.. short below 599.00 stop loss 602.00
GOLD Breaks Resistance - Can Bulls Maintain Momentum?OANDA:XAUUSD has broken above a major resistance level and is currently retesting this level as support. This area has historically acted as a key decision point, and its role as new support will be crucial in determining the next move. If buyers step in and successfully defend this level, I anticipate a continuation of the bullish trend, with price targeting the 2,830 level. This scenario aligns with the broader uptrend and could offer a strong buying opportunity.
However, if this support level fails to hold and sellers push the price below it, we could see further bearish momentum, potentially leading to a deeper pullback. Traders should closely monitor price action for confirmation signals, such as bullish engulfing candles, strong buying volume, or a clear rejection wick, which would indicate that buyers are reclaiming control.
Keeping an eye on market structure and key technical signals will be essential for making informed trading decisions.
Bitcoin Double Top Forming(Neckline is 92K so wait for breakout)As we can see until now Price test ATH resistance zone Two times and we have Strong support zone near 92K$ so we may have Double Top forming here which is strong Reversal structure and after the neckline support break to the downside this structure is completed and will cause huge dump and fall to the downside like the arrows mentioned on the chart.
Notice: only if the ATH resistance break successfully then this scenario is invalid and price can see more gain to the next possible ATH mentioned on the chart.
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
EURUSD Hits Support Zone—Is a Bullish Reversal Coming!!!As I expected , the EURUSD ( FX:EURUSD ) fell to the target I set yesterday.
EURUSD is moving near Support zone($1.039-$1.033) and 100_SMA(4-hour) .
According to the theory of Elliott waves , it seems that the EURUSD has succeeded in completing the corrective Zigzag(ABC/5-3-5) , and we should wait for the EURUSD to rise again. One of the signs of completion can be a Bullish Engulfing Candlestick Pattern with a suitable volume .
I expect EURUSD to rise to Resistance zone($1.0534-$1.0448) after breaking the Resistance lines .
Note: If EURUSD goes below $1.0333, we can expect more dumps .
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S.Dollar Analyze (EURUSD), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TRUMP Token Analysis: Is This Best Buy Zone Before a +40% PUMP!?Today, I decided to re-analyze the OFFICIAL TRUMP token( BINANCE:TRUMPUSDT ) for you; if you want to have the TRUMP token in your portfolio, in what range can you buy this token, and at what prices can you sell it with a profit or even prevent further loss?
TRUMP Token started correcting after all the hype, after the news of the launch of the Official Melania Meme token ( BINANCE:MELANIAUSDT.P ) and has dropped more than -60% from its All-Time High(ATH) .
TRUMP Token is moving near the upper line of the descending channel and the Resistance zone($32-$30) .
According to the theory of Elliott waves , the TRUMP token seems to be completing microwave 5 of microwave c of the main wave Y . The main wave Y could end in a Potential Reversal Zone(PRZ) and be another opportunity to buy TRUMP Token , of course, with capital management in mind .
I expect the TRUMP token to start rising again after the -15% decline from the close of the lower high line of the descending channel and the Support lines and at least a +20% increase .
Note: Of course, the FOMC Statement, Federal Funds Rate decision, and Press Conference can affect the general trend of the crypto market and the TRUMP token.
Note: If the TRUMP token goes below $22.00, there is a possibility that the fall will continue.
Note: However, concerns have been raised about supply concentration, with 85% of the tokens controlled by Trump's team, who have reportedly liquidated approximately $500 million worth of tokens. This situation poses potential risks for retail investors.
What do you think about the TRUMP token? Can the TRUMP Token rise again, or is it forming a Dead Cat Bounce Pattern ?
Please respect each other's ideas and express them politely if you agree or disagree.
OFFICIAL TRUMP Analyze (TRUMPUSDT), 1-hour time frame.
Be sure to follow the updated ideas .
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Bitcoin - This Cycle Is Pretty Clear!Bitcoin ( CRYPTO:BTCUSD ) is still 100% bullish:
Click chart above to see the detailed analysis👆🏻
It is actually quite a surprise that we did not see new all time highs on Bitcoin for the past two months. However we had the same thing happening back in 2017 before Bitcoin actually finished the cycle with a parabolic blow off top. So we all know what is very likely to happen next.
Levels to watch: $70.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
Nobody appreciates it !!!BNB is in the ascending phase by the cup and handle.
BNB is in a large C&H if it follows these pattern, the price will have a nice rally.
⭐The pattern increases the price by the amount of the measured price movement (AB=CD).
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!