BTC ANALYSIS🔮#BTC Analysis : Pattern Formation 💰💰
📈 #BTC is making perfect Double Top Pattern and also there is a breadown of trendline. We can see a dump in #BTC. If #BTC sustains this breakdown then we will see a bearish move🚀🚀
📊 Current Price: $58190
⏳ Target Price: $52069
⁉️ What to do?
- We can trade according to the chart and make some profits in #BTC. Keep your eyes on the chart, observe trading volume and stay accustom to market moves.💲💲
#BTC #Cryptocurrency #Pump #DYOR #Breakout
Shortsetup
BTC - Update on my Short and Critical moves to watch for This is a critical time for Bitcoin and that’s because of the US Dollar. DXY has shown a major breakdown on the 3 month chart, and is undergoing a bearish retest.
Here’s some crucial moves and pivots to watch for to determine where Bitcoin could go.
IF BTC STAYS BELOW 60,500 to 60,700
This is a more local bearish trendline on the daily and you can watch for a drop to 35,000.
There is a major bearish trendline at 43,000 that is a key level to understand.
If Bitcoin drops below the 43,000 level, I expect a zig zag pattern to form as follows:
60,500 to 35,000
35,000 to 43,000
43,000 to 8,000
Understand that what DXY is showing is an extended bull run ranging out 1-2 years. This is very significant as the market would have minimal time to recollect liquidity in these low zones. Therefor I am not ruling out anything as impossible so long as the chart is supporting it.
IF BTC RISES ABOVE 60,800
Watch for a rejection at 61,400 to 61,600 which is another potential bearish trendline that points down to the same lows around 10,000.
A rejection here is an indication in the intention to play this out.
POPCATUSDT - Prime Opportunity for a Short Trade?Hey there! We've seen some exciting price action with Popcat recently, but it looks like the party might be cooling down. Let’s explore why now might be the perfect time to consider a short trade targeting the naked Point of Control (nPOC), which aligns beautifully with the Volume Weighted Average Price (VWAP).
Popcat made another impressive surge, taking out its previous high. However, after this breakout, it quickly retraced. The daily time frame has shown its first significant rejection red candle, indicating that the bulls might be running out of steam.
Signs of weakness:
Hovering Below mOpen: This is a clear sign of potential weakness. If the price stays below mOpen, we could see further downside.
Decreasing Volume: Volume is steadily declining, another indicator that the bullish momentum is fading.
If we see continued weakness and further rejection candles on the daily time frame, the next levels of support will come into play.
While Popcat has had an impressive run, the current signs point to a likely retracement. Keeping an eye on key levels and volume will be crucial in navigating the next moves.
What are your thoughts on this update? Are you preparing for the dip or expecting another bounce? Share your insights below!
Premium XAUUSD Idea $$$ Lets go "The only way to achieve your full potential is to believe in yourself and never give up, no matter what obstacles come your way."
Consider shorting gold after hitting resistance for a potential day trade, using stop-loss orders and technical indicators to manage risk and confirm the bearish trend.
Entry :2345.39
Set SL 2348
Target : 2328 first
BTC Technicall Overview There's no certainty on market. We are on descending channel on 4H. So till breakout we take short positions. Entry on 63-64K exit on 60500-69500 area.
59K areas still good for long positions. But you had to see confirmation there.
This is not trading advice. This is my point of view for next week.
Bearish Bat Pattern Spotted on EUR/AUDHello trader,
I hope your week has been profitable.
I want to highlight a classic bearish bat pattern I spotted on the EUR/AUD pair. The chart shows price rejection at point D around 1.61110, with the red zone indicating strong resistance between 1.61069 and 1.61244, which also serves as the PRZ (Potential Reversal Zone).
With additional confirmatory signals, entering a short position near the PRZ seems promising. I plan to place my stop loss slightly above the PRZ at around 1.61334 and set profit targets at 1.60756 and 1.60546.
Cheers!
SIDEWAY !! Gold price stuck below $2350⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold prices (XAU/USD) started the week subdued, fluctuating below a multi-day peak around $2,340 following the US PCE Price Index release. The key inflation data reinforced market predictions of potential Federal Reserve interest rate cuts in September and December, pushing the US Dollar further from its recent two-month high and bolstering gold as a result.
⭐️ Personal comments NOVA:
Gold price in early July is still maintaining in the range of $2310 - $2350, sideways, waiting for very important news this week.
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2312 - $2314 SL $2307
TP1: $2320
TP2: $2330
TP3: $2340
🔥SELL GOLD zone: $2345 - $2347 SL $2352
TP1: $2338
TP2: $2330
TP3: $2320
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
XAUUSD 30-Minute Chart - Short Position Expected between 2354-2Hello Folks,
Wish you all the best for the week forward.
Last week the market mostly traded within a range. Despite this, our analysis helped us gain 400 pips from the market. Looking ahead to this week, due to the challenging conditions last week, conducting analysis may be difficult. However, I anticipate another price increase to around 2354-2357 before dropping to 2316. Please refer to the chart for more information, and feel free to share your thoughts and ideas. After several years of experience in the market, GOLD has become my expertise symbol.
Short From 2354-2357
TP: 2316
More contribution and comment will encourage for more analysis.
PCE keeps gold stable above $2300⭐️ Smart investment, Strong finance
⭐️ GOLDEN INFORMATION:
Gold price (XAU/USD) struggles to grow from a recent bounce, meeting new supply in Friday's Asian session. A resurgent US Dollar (USD) reaching a two-month high is hindering the commodity's progress. However, potential Federal Reserve interest rate cuts and geopolitical uncertainties in the Middle East and Russia-Ukraine provide support for the safe-haven XAU/USD.
⭐️ Personal comments NOVA:
Gold price is still accumulating at the end of June 2024, sideway around $2300 - $2340
⭐️ SET UP GOLD PRICE:
🔥BUY GOLD zone: $2304 - $2302 SL $2297
TP1: $2310
TP2: $2320
TP3: $2330
🔥SELL GOLD zone: $2340 - $2342 SL $2347
TP1: $2330
TP2: $2320
TP3: $2310
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
BankNifty Finally Reversal?BankNifty, after a massive rally of 2400+ points on the CE Buying side, now looks ready for a nice short opportunities (PE Buying side).
I close my CE position today in a good profit and opened a PE buy position. Usually after such big moves, market becomes range-bound. And that, only next week can tell.
So, stay tuned, dont forget to enjoy your weekend.
Trust me, we deserve it.
CHFJPYIs CHFJPY exhausting at resistance zone?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence( on lower time frame) suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 175
What you guys think of it?
BITCOINHi guys
If the support range of $65,800 is consumed, the possibility of completing the double top pattern and a downward trend will be strengthened.
It is likely that the announced data will be the driver of this downward trend if it is announced more than expected.
Considering the maintenance of the resistance range, the possibility of continuing the upward trend is weak, and it should be seen how Bitcoin reacts to the specified support range.
What do you think?
BTC USDT: WE NEED TO FLIP CERTAIN LEVELS TO SAY TO THE MOON!Based on my analysis, I believe DCA (Dollar Cost Averaging) into large-cap alts at current levels may be more prudent than waiting to DCA out at higher prices like 64K. My current investment strategy prioritizes Large Cap > Mid > Low > Meme > USDT > BTC.
Several technical indicators support this view:
1 Bullish RSI divergence between oscillator and price
2 Quick RSI reset without prolonged low levels
3 Moving Average crossover on the RSI
4 20-day MA crossing down to meet the 150-day MA, with price showing strength
(I'm keeping this analysis relatively basic, avoiding more complex concepts like Smart Money Concepts (SMC) and Inner Circle Trading (ICT) for broader accessibility.)
These factors suggest we may be approaching a market bottom. I made a similar analysis when BTC was around 18K, which proved accurate. However, I'm always open to new perspectives and would be interested in hearing why you might view the current situation differently.
Personally, I'm maintaining my positions in large-caps and BTC from here. My confidence stems from thorough research into the assets I've chosen. I'm curious about your investment thesis - what factors drive your confidence in your holdings?
It's worth noting the potential impact of Bitcoin miners on the market. Historically, respecting their influence has often preceded BTC price increases.
Short-term, I anticipate a possible retracement to around 54K as a 'max pain' point, particularly for less experienced traders. I'm so confident in this projection that I'm willing to offer a free month of my subscription service if it doesn't materialize.
The large-caps I'm particularly focused on include BTC, ETH, BNB, SOL, ARB, and AVAX. I'm also keeping an eye on AI and DePIN projects. For Real World Assets (RWA), I'm currently most interested in ONDO, CFG, and PENDLE.
I'd be keen to hear your thoughts on this analysis. Do you see similar patterns in the market? Are there other indicators or factors you believe are crucial to consider in the current environment?
GBPUSD 160 Pips Sell setup!! Must Watch!!Based on our technical analysis we are seeing massive rejection on the weekly timeframe
We see price has changed structure after the rejection and breaking the trendline, we had a nice pull back to 38.2 fib level and its In confluence with trendline as resistance
Please manager your risk!!
Follow me for more analysis