ETH Ethereum Bear Market If you haven`t bought the recent Double Bottom on Ethereum:
Now you need to know that historically, Ethereum has shown a tendency to retrace in December before starting a recovery around March. This pattern could repeat this season, with ETH facing selling pressure as year-end portfolio rebalancing and macro uncertainties weigh on the market.
While a brief Santa Claus rally might provide temporary relief, the bearish trend is expected to dominate until March. By then, ETH could trade below $3,000 before regaining momentum, aligning with its historical recovery trend as market conditions stabilize in spring.
Short-trading
GBP/AUD BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
GBP/AUD pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1D timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.921 area.
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USOIL Will Go Lower From Resistance! Short!
Take a look at our analysis for USOIL.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 74.743.
The above observations make me that the market will inevitably achieve 72.884 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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USDJPY - BEARS WILL KILL BULLS?The current trend of the USD/JPY is showing bearish signals as it is trading in a bearish zone below the levels of 151.00 and 150.70. There was a break below a major bullish trend line with support at 151.65 on the hourly chart, indicating that the pair is declining and exhibiting bearish signs below the 151.00 level.
Regarding consolidation, the USD/JPY is expected to maintain a narrow consolidation within the 151.10 to 151.90 range during the day. There is strong resistance around 151.90 and key support between 151.10 and 151.20. If the pair breaks below this key support area, the adjustment could be halted for the week.
However, the USD/JPY has managed to stay above the psychological level of 150.00 and has shown intraday gains around the mid-150.00s, staying above the 100-period Simple Moving Average (SMA) on the 4-hour chart. Furthermore, a recovery above 150.91 could renew buying interest, targeting the 151.00 level and potentially retesting the year-to-date high at 151.91.
In summary, the current trend shows a mix of technical signals. While there is bearish pressure below key resistance levels, the pair's ability to stay above 150.00 and potential buying interest above 150.91 suggest there could be short-term recovery opportunities. As always, future movements will depend on a variety of factors, including economic developments and market news.
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GOLD Will Move Lower! Sell!
Here is our detailed technical review for GOLD.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1944.664.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1930.940 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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✅WTI OIL SWING SHORT🔥
✅WTI OIL will be retesting a resistance level of 83.29$
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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✅SILVER RISKY SHORT🔥
✅SILVER will be retesting a resistance level soon at 24.68$
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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BTC Current Range The chart shows just how effective the quarterly ranges have been so far since entering the new range.
A lot of volatility waiting at the top of the range/ swing high, very hard to tell we go from there but one things for sure the bearish Orderblock at 40k will be a huge shorting opportunity, however I don't think we get there too soon.
Two options for Bitcoin In my opinion I can see BTC going one of two ways:
---> We continue to rally having bounced off our Rally - base - rally support zone. With further support by the green rectangle pushing towards the next Supply zone.
---> OR... We lose the rectangle diagonal support, drops down towards the lower side of the rally, base, rally demand zone. Then confirm this key area as new resistance before falling back towards the original breakout point around 20k.
Gold OutlookIm looking for a short opportunity on gold tomorrow.
I want to see a push up towards the 1 hour fair value gap & the 4 hour resistance.
We have equal lows, which means there will be liquidity that will need to be taken (potentially).
Gold has also taken buyside liquidity at 2003 dollars, so this could give price action stronger bearish momentum.
Possible Head and Shoulders Reversal on BTCBitcoin has been making a bull run as of late, recently breaking out of consolidation and is now trading within a bull channel.
Although price can certainly continue to climb the channel and we'll have to wait for conformation of a change of market structure, price action looks like it's offering a potential head and shoulders with the right shoulder coming into 4 different key areas:
1. The right shoulder of a H&S pattern
2. The mean threshold of the 4HR rejection bar
3. A supply zone with a 4H OB
4. A liquidity sweep above the last change of character
Once we get into this zone, I'll be dropping to a lower time frame and looking for some optimal entry signals.
Don't guess, assess.
The Meditrader
✅US30 BEARISH BREAKOUT|SHORT🔥
✅US30 broke the local rising
Support line and the breakout
Is confirmed because the
4H candle closed below the line
So I am locally expecting a
Move down(after potential
pullback and retest of the broken support)
Towards the target below
Around the 96'16'0 area
SHORT🔥
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EURUSD 2nd Jan 2023 Analysis EURUSD really looks stable in the coming days. What we have observed here is every single day it is trying and most of the times it has broken the previous days high. Following are some of the datas :-
* 20 Dec - DH 1.06588 , DL 1.05793
* 21 Dec - DH 1.06458, DL 1.05902
* 22 Dec - DH 1.06599, DL - 1.05774
*23 Dec - DH 1.06328, DL - 1.05733
* 26 Dec - DH 1.06348, DL - 1.05989
* 27 Dec - DH 1.06696, DL - 1.06114
* 28 Dec - DH 1.06747, DL - 1.06115
* 29 Dec - DH 1.06909, DL - 1.06067
* 30 Dec - DH 1.07134, DL - 1.06387
For 2nd Jan 2023 - below are some of the important levels :-
R 4 - 1.07051. S4 - 1.06178
R3 - 1.06834. S3 - 1.06399
R2 - 1.06758. S2- 1.06470
SPXHello everyone, I drew you my medium-term plan for SPX for 3-6 months, this week we saw a false takeaway, just like on bitcoin, which I wrote about earlier and warned you, the markets are not ready to start rising, we have not fallen to the bottom, you can see According to the reaction of people on Twitter, any growth of 5% on any active is perceived by society as a reversal, and this just means that people are still hoping for growth.
Remember, we never grow due to the belief in growth and never fall due to the belief in falling, the market always goes for liquidity.
I wish you a wonderful Sunday, write your ideas in the comments, I will be extremely interested in talking with you