EURCHF SHORT until the 60% fibbo level on daily timeframeEURCFH, I m expecting to hit the 1h orderblock and after that to get down until the 60% fibbo on daily timeframe. %
Shortsetup
$GOOGL Rising bearish wedge with declining volume; $165 belowNASDAQ:GOOGL here looks weak to me trying to reclaim it's support of $175-$180. This is on my watchlist for a short term short, if this name tanks back into the $150's I will load everything I got for the long side. I see this name in a downside trend currently in a rising wedge with declining volume, buyers can't hold it up much longer. It's retested that support on 3 or more daily candles and hasn't busted through. I expect this name to drop into a support zone of $160-$165. I will look to enter puts off a retest of $176-$178 area keeping the stops tight.
WSL.
Bitcoin Butterfly Harmonic Pattern – Multi-Fibonacci Confluence!A potential Bullish Butterfly Harmonic Pattern is developing, with point D yet to be completed. If price action reaches the harmonic completion zone, it could present a high-probability long opportunity near a stacked Fibonacci confluence zone.
The D-leg aligns beautifully with the 0.382 Fibonacci retracement of the entire 5-wave Elliott structure from the macro low at $15,476 to the all-time high of $109,588. A level that has acted as key support in the past. Multiple additional Fibonacci confirmations further strengthen this potential bullish reversal zone.
Pattern Breakdown – Bullish Butterfly Formation
The Butterfly Harmonic Pattern is a structured reversal setup, often forming at market extremes before trend shifts.
1️⃣ XA Leg – The initial impulse.
2️⃣ AB Leg – A retracement of 0.786 – 0.886 Fibonacci of XA.
3️⃣ BC Leg – A counter-trend move retracing 0.382 – 0.886 of AB.
4️⃣ CD Leg – The final move, typically extending 1.618 – 2.618 Fibonacci of XA.
📍 In this developing setup:
✅ B-point retraces 0.806 of XA → Butterfly pattern remains valid.
✅ C-point retraces 0.838 of AB → Strengthening structural alignment.
✅ D-leg projection target 1.695 XA extension, converging with multiple key Fibonacci levels.
Fibonacci Confluence – Strong Potential Reversal Zone ($73,783.52 - $73,157)
As price moves toward potential point D, multiple Fibonacci levels create a high-probability reversal area:
0.382 Fibonacci retracement of the entire 5-wave Elliott structure ($73,637.22)
Negative -0.236 Fibonacci retracement at $73,251.43
Negative -0.618 Fibonacci retracement at $73,157
Trend-based Fibonacci Extension 1:1 at $73,783.52
📍 Potential Reversal Zone: Between $73,783.52 and $73,157
Trade Setup – Waiting for Confirmation
Since point D has not completed yet, we should wait for bullish confirmation signals in the reversal zone before entering.
Entry Zone (if price reaches D): Between $73,783.52 and $73,157
Stop Loss: Below $73,157 (D-point invalidation)
Take Profit: B-point resistance
Risk-to-Reward (R:R): 3:1 if TP at B-point
⚠️ Key Reminder:
🚨 The pattern is not confirmed yet. A reaction in the potential reversal zone (e.g., bullish divergences, strong buying pressure, or reversal candlesticks) would strengthen the case for a long position.
Are you watching this level for a potential reaction? Will point D complete? Let’s discuss in the comments! 🚀🔥
Bitcoin: Mastering the Art of Resistance and SupportBitcoin recently broke below a 105‐day trading range, anchored by the critical 90K level. After the breakdown, it found support around 80K, prompting a sharp rebound back toward the previous range. This rebound, however, was short‐lived: BTC tested 95K, then quickly retraced, only to rally again toward 90K, where it trades at present.
Overview of BTC’s 105‐Day Range Break and Retest:
Yearly Open at $93,576: This is the single most important level to watch. Price currently sits below the yearly open, suggesting that, for now, bears hold the upper hand. If bulls cannot reclaim this threshold, the yearly candle remains vulnerable to turning red.
90K–95K Resistance Zone: With Bitcoin failing to sustain gains above 95K, this band becomes a natural focal point for potential short entries. Bears are expected to defend this region aggressively.
The question: Where do we go next? Let’s break down both the resistance (short setup) and an upcoming support zone (long setup), incorporating a variety of confluences—from volume profiles and trend lines to Fibonacci retracements and pitchfork alignments.
1. Resistance Analysis & Short Thesis
1.1. Double Top Target at $72,800
A double top pattern has formed, suggesting a measured‐move target near $72,800. While not a guaranteed endpoint, this target serves as an early directional clue. Price could still find support at higher levels, so we use this only as one piece of a larger puzzle.
Double Top Pattern with $72,800 Target:
1.2. The 105‐Day Trading Range & Retest
Bitcoin spent over 100 days ranging between roughly 90K and 105K. The downside break turned that prior range into a new resistance zone—specifically 90K–95K, with an even stronger cluster up to $96,418 (Point of Control from that range).
Fixed Range Volume Profile: The POC (Point of Control) from this 105‐day period lies at $96,418.05, further extending our resistance zone. Price retesting anywhere between 90K and the POC around 96K sets up potential short entries.
Fixed Range Volume Profile Showing POC at $96,418.05:
Stop Loss Guidance: Given the possibility of wicks or “stop hunts,” a safer invalidation point sits above 98K. That buffer allows the trade room to breathe without prematurely stopping out on minor spikes.
1.3. Daily & Weekly Moving Averages
In addition to the above factors, both the daily 21 EMA/SMA and the weekly 21 EMA/SMA are converging in the 90-92K region, acting as additional resistance.
1.4. Bearish Trend Line & Pitchfork Alignment
Bearish Trend Line: Connecting the all‐time high at $109,588 and the swing high at $106,457.44 yields a downward sloping line. This trend line has already acted as resistance near 100K on February 21.
Pitchfork (Modified Schiff): Anchoring from the all‐time high (109,588) to the swing low (97,777.77) and back up to 106,457.44 confirms the same bearish trajectory, aligning neatly with the trend line around 95K.
Bearish Trend Line & Pitchfork Convergence Around 95K:
1.5. Monthly Order Block & Fibonacci Confluence
Monthly Order Block: Spanning from the yearly open (93,576) up to the POC (~96,418), this monthly order block forms a substantial supply zone. Price often gravitates toward the median line of an order block, which sits near 94–95K.
Fibonacci Retracement (0.786): From the swing high at 99,475 (Feb 21) down to the low at 78,258.52, the 0.786 retracement is at 94,934.67—almost exactly the median line of the monthly order block.
Monthly Order Block, Median Line, and 0.786 Fib at ~94,934.67:
When price rallies swiftly to the 0.786 for the first time, it often presents an ideal short entry—especially under a confluence of bearish signals:
2. Short Trade Setup: Laddering In & Out
2.1. Scaling In (Entries)
We allocate $25,000 (from a $100,000 account) and ladder our entries from 89,736 up to 96,206:
Short Trade Laddered Entries:
Stop Loss: $97,560 (slightly below the higher “breathing room” area of 98K).
Max Risk: Approximately $1,028.16 (about 4.11% of the GETTEX:25K position, or 1.03% of the $100k account).
2.2. Scaling Out (Exits)
We plan to take profits in increments as price drops, aiming for an average exit around $79,822.10:
Potential Profit: Approximately $3,704.16 on a $25,000 position, which is +14.82% (or +3.70% of the $100k account).
Risk‐to‐Reward Ratio: 3.60, an attractive R:R for a swing trade.
3. Support Analysis & Long Thesis
Having addressed the downside retest and short scenario, let’s turn to potential support where Bitcoin might reverse for a long trade.
3.1. Double Top Target & 5‐Wave Structure
The double top projected target near $72,800 aligns with a broader Elliott Wave possibility, where BTC may have completed a 5‐wave structure from the low at $15,476 to the all‐time high at $109,588.
A typical Fibonacci retracement of this 5‐wave move suggests the 0.382 level at $73,637.22, which sits near a notable swing high of $73,777—coincidence?
5‐Wave Structure & 0.382 Fib Retracement at ~$73,637:
3.2. Monthly Bullish Order Block & Further Fib Confluence
Monthly Bullish Order Block: Located around $71,280, historically a place where buyers have stepped in.
Fib Retracement (49K to 109K): The 0.618 retracement lands at $72,144.62, adding further confluence around the 72–73K zone.
Taken together, we begin to see a support band forming between $73,777 and $71,280.
Monthly Bullish Order Block & 0.618 Fib ~$72,144.62:
3.3. Fib Speed Fan & Bullish Trend Line
Fib Speed Fan (0.7): On higher timeframes, the 0.7 fan lines up with the same 71–73K region if BTC dips this month.
Bullish Trend Line: Connecting the lows at 49K and 52,550 also aligns with this zone, reinforcing the idea that a cluster of support awaits if price slides that far.
Bullish Trend Line & Fib Speed Fan ~$71–73K:
3.4. Potential Long Trade Setup
Entry Range: Ladder in from 76K down to 71K (or adjust according to personal risk appetite within that 73–71K zone).
Stop Loss: Below 70K, providing sufficient buffer.
Target: At least the monthly open ($84,350), or higher if momentum supports a stronger bounce.
Risk‐to‐Reward (R:R): Aim for 2:1 or better, depending on exact entries and the final target.
4. Summary
Short Trade:
Resistance Zone: 90K–95K, extending up to $96,418 (POC) and with the daily/weekly 21 EMA/SMA acting as additional resistance in the 90-92K region, plus a stop‐hunt buffer above 98K.
Laddered Entry: GETTEX:25K allocated, averaging around $93,706, with a stop near $97,560.
Scaling Out: Average exit near $79,822, netting a +14.82% gain on the position (+3.70% on account).
R:R: 3.60—solid for a swing setup.
Long Trade:
Support Zone: Between $73,777 and $71,280, with multiple Fibonacci and structural confluences.
Laddered Entry: Potential DCA from around 76K down to 71K, with a stop under 70K.
Target: At least $84,350 (monthly open), likely offering a 2:1 or better risk‐to‐reward.
Sharp moves up or down have been the norm lately, often gravitating to the 0.786 fib retracement on each leg, so remain vigilant for sudden volatility.
Ultimately, flexibility is key. If Bitcoin reclaims the yearly open at $93,576 and pushes decisively above 95–98K, the bearish case weakens. Conversely, a significant drop below 80K brings the deeper support zone near 73–71K into sharper focus.
Always be prepared for shifts in market conditions—confirm each setup with multiple indicators and chart patterns before entering any trade. Stay up to date with evolving market dynamics and adjust your strategy accordingly.
Happy trading!
P.S. If you have any coin requests, feel free to share them in the comments. I will be selecting one or two for the next technical analysis.
SHORT ON GBP/CADGBP/CAD is rejecting a key supply area on the 15min after continuing to make (Lower Highs) on the Higher Time Frames.
There has been a change in market structure from Up to down on the lower timeframe signaling a possible drop.
GBP/CAD is highly over brought and I believe its ready to fall.
I will be selling GBP/CAD to the next swing low for about 100-150 pips. OANDA:GBPCAD
The Great Exit Liquidity Trap: Double Top + Low Volume DumpTL;DR:
This isn't just any dump—this is a textbook exit liquidity trap dressed up with a strategic crypto reserve announcement and a conveniently timed crypto summit sell-the-news event. The setup? An inevitable double top, weaker and weaker volume, and a sell-news-event trapping retail.
Breakdown:
1️⃣ The Double Top Trap → Price fakes a breakout, luring in breakout traders while whales were already offloading bags onto retail.
2️⃣ The "Strategic Crypto Reserve" Announcement → Big words, vague details, and just enough hopium to keep liquidity in the market. But let’s be real—this was just fuel for smart money to distribute.
3️⃣ Low Volume Exit Scam → Volume failed to confirm the pump, and the second peak barely had any buying pressure. That’s your first clue—when volume dies, so does the trend.
4️⃣ Crypto Summit = Sell-the-News Event → Market makers front-ran retail, using the summit hype to sell at a premium before nuking price.
Target Zone:
$80K-$79K is where liquidity pools sit, making it the next logical stop.
If liquidity sweeps don’t trigger new buyers, sub $78K isn’t off the table.
Additional Confluence :
S1 Pivot Rejection → A failed reclaim of key levels.
EMA Pressure → Bearish rejection off moving averages.
Weak Low on the Chart → A magnet for liquidity.
Final Take:
Retail is the exit liquidity in this setup, as always. The market will pump just enough to distribute before dumping into the real target zone. If you aren’t paying attention, you will get played.
The question is: who will be left holding cheaper bags?
$TSLA worst 4 years are ahead us under president Trump? - What biden couldn't done would be done under $TRUMP.
- NASDAQ:TSLA has always traded at a premium devoid of any fundamentals.
- NASDAQ:TSLA cars are ugly looking cars as compared to NYSE:BYD and $RIVN. It's technology is great but you are basically buying a cheap build quality cars.
- Everyone thought that Trumpn <-> Elon parternship will be great for $TSLA. But my hunch is it will be bad for NASDAQ:TSLA shareholders. Elon's association with Trump will drag the NASDAQ:TSLA shares down and always in the limelight.
- Most elite investors are often leftist and might want to distance with trump and elon.
Fundamentally,
Year | 2025 | 2026 | 2027 | 2028
EPS | 2.90 | 3.85 | 4.96. | 6.40
EPS growth% | 18.02% | 32.82% | 28.87% | 29.12%
Fair forward p/e for a company growing EPS 20%+ with a moat is ~ 30
Fair stock value:
Year | 2025 | 2026 | 2027 | 2028
Stock price ( base case p/e = 30) | $87 | $115 | $148 | $192 |
Stock price (bear case p/e = 20 ) | $58 | $77 | $99 | $128 |
Stock Price ( bull case p/e = 50 ) | $150 | $192 | $248 | $320 |
- Bulltard + Elon musk premium p/e if ELON divorces with Trump = 100
Stock price ( p/e = 100 ) | $290 | $385 | $496 | $640
BHARTI AIRTEL give Shorting Opportunityif BHARTI AIRTEL create today candle is Hanging Man so we have a create shoring trade. add in your watchlist.
SIDEWAY waiting for news this week⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
As a result, investors turned to bullion for safety, driving prices toward the $2,900 mark. Meanwhile, the US 10-year Treasury yield dropped two basis points to 4.176%, its lowest level since December 2024.
Commenting on the economy, St. Louis Fed President Alberto Musalem acknowledged steady economic growth but cautioned that recent data indicate potential downside risks.
⭐️Personal comments NOVA:
Continue in correction phase - gold price under selling pressure below 2900. Sideway and waiting for important news this week
⭐️SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2851 - $2853 SL $2846
TP1: $2860
TP2: $2870
TP3: $2880
🔥 SELL GOLD zone: $2898 - $2900 SL $2905
TP1: $2890
TP2: $2880
TP3: $2870
⭐️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
bnb sell midterm"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
NZD/USD Sell Setup – Cup & Handle Pattern Confirmed**📉 NZD/USD Sell Setup – Cup & Handle Pattern Confirmed! 🚀**
NZD/USD is showing a **Cup & Handle pattern**, with **EMA50 confirming a strong sell signal**. This setup suggests potential downside movement.
### **🔹 Trade Details:**
✅ **Sell Entry:** **0.56050**
✅ **Stop Loss:** **0.56650** (60 pips above entry)
### **📊 Take Profit Levels:**
- **TP1:** **0.55650** (40 pips down)
- **TP2:** **0.55250** (80 pips down)
- **TP3:** **0.54850** (120 pips down – final target)
### **📌 Trade Strategy:**
- **EMA50 confirms the bearish trend** – strong sell confirmation.
- **Proper risk management is key** – use stop loss to protect capital.
- **Monitor price action** – if momentum stays strong, TP2 and TP3 could be reached.
🚨 **Trade Setup is Active! Follow your risk management plan and execute wisely!** 📉🔥
USDCADLooking Ahead: USD/CAD Forecast for the Coming Years
When analyzing the future outlook of USD/CAD over the next few years, several key factors come into play, including economic policies, commodity prices, and overall market sentiment.
$SPOT the overvalued stock..Be real.. I’m an Apple Music/ Apple applications guy. This stock just seems a little too bloated for me. I’d like to see a retrace to that gap up, this market is volatile and this thing can move hardbody either direction. I’d take my chances with a short for about 50 days out, $560 is the target. I got a bearish rising wedge forming possibly here and some FIB retrace and Elliot Waves. Very expensive premiums as well. Have fun.
WsL
THE ROAD TO 68K BTC.P/USDT 4 HOUR In this idea I expand upon my previous idea posted in December on the 8th. The previous idea showed the rudimentary course we would take according to the formation set of Ascending scallops.
In this chart I outline the key supports, resistance, and the projected bottom point we will bounce from to head back up.
Seems we have fallen from a large scale rising wedge and are now inside of descending broadening wedge. This is all in line with my previous idea and is moving as expected. We do not have long to go before we reach our bottom target if we do in fact move as projected.
Only time will tell, Happy Hunting - TND
CADCHF SHORTWe are in consolidation we touch upper band and we brake 4h trend + trend line. that is signal that market can go down.
My expextation are that we are going to lowr band of consolidation.
At that point i will look for long oportunities.
Gold short term recovery - downtrend⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) start the week on a strong footing, rebounding further from Friday’s three-week low near $2,833–2,832. Despite US inflation data aligning with expectations, traders remain confident that the Federal Reserve will implement two quarter-point rate cuts by year-end. Additionally, renewed selling pressure on the US Dollar supports the appeal of the non-yielding yellow metal.
⭐️Personal comments NOVA:
Gold price recovers in short term, sellers are dominating, retesting liquidity zone 2883
⭐️SET UP GOLD PRICE:
🔥 BUY GOLD zone: $2832 - $2834 SL $2827
TP1: $2840
TP2: $2850
TP3: $2960
🔥 SELL GOLD zone: $2883 - $2885 SL $2890
TP1: $2875
TP2: $2868
TP3: $2860
⭐️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
Gold📌 **Sell:**
✔ In short-term timeframes (M1, M5, M15), both MACD and Stochastic indicate overbought conditions and a potential downward correction.
✔ The M30 timeframe is still in an uptrend, but a pullback to the downside is possible.
🎯 **Conclusion:**
Success rate for selling: ✅ **70%** (more reliable than buying in the short term).
📌 **Strategy:** Short-term selling with a tight stop-loss and a corrective target towards lower support levels.
📌 **Buy:**
✔ In H1 and H4 timeframes, signs of a trend reversal are emerging, but MACD has not yet given a solid confirmation.
✔ If MACD turns bullish on H1 and Stochastic exits oversold territory, buying will be a safer option.
🎯 **Conclusion:**
Success rate for buying: ✅ **55%** (higher risk, requiring more confirmation).
📌 **Strategy:** Wait for MACD confirmation on H1, then enter a buy position upon resistance breakout.
🚀 **Final Recommendation:**
🔹 Enter short-term sell positions in lower timeframes with a tight stop-loss and proper risk management.
🔹 Wait for a confirmed buy signal on H1 and H4, as MACD has not yet turned fully bullish.
🚀 **Short-term selling (scalping) is more probable**, but additional confirmation is needed for a buy position.
### **Suggested Targets Based on Timeframes & MACD + Stochastic Analysis**
🔴 📉 **Sell Targets:**
Considering overbought conditions in lower timeframes and a potential downward correction, the best sell targets based on different timeframes are:
✅ 📌 **First Target:** 2850 (Short-term support in M5 & M15)
✅ 📌 **Second Target:** 2842 (Key support in M30)
✅ 📌 **Third Target:** 2830 - 2825 (Strong support in H1, aligning with the moving average)
🛑 **Stop Loss for Sell Positions:**
🔹 **2862** (Breakout of the current resistance in M15 & M30)
🔹 **2868** (If the price reaches this level, the trend may reverse)
---
🟢 📈 **Buy Targets:**
A **full confirmation from MACD in H1 and H4** is required for a buy setup. However, if the price rebounds from the **2830 support zone**, the following targets are expected:
✅ 📌 **First Target:** 2865 (Initial resistance in H1)
✅ 📌 **Second Target:** 2880 - 2890 (Strong resistance zone in H4)
✅ 📌 **Third Target:** 2915 (Long-term target if resistance levels are broken)
🛑 **Stop Loss for Buy Positions:**
🔹 **2825** (If this level is broken, the downtrend is likely to continue)
🚀 **Suggested Strategy:**
📌 **Short-term sell (scalping) from 2857**, targeting **2850 and 2842**, with a **stop loss at 2862**.
📌 **Buy if confirmed at 2830 - 2825**, targeting **2865 and 2880**, with a **stop loss at 2825**.
🔍 **Important:** Before entering positions, confirm with **trading volume and candlestick patterns in higher timeframes**. 🚀
GBP/USD SHORTThis analysis is based on the provided image and should not be considered financial advice. Trading involves risks, and it is essential to conduct your own research and consult with a financial advisor before making any trading decisions.
Downward momentum, downtrend next week, XAU ✍️ NOVA hello everyone, Let's comment on gold price next week from 03/3/2025 - 03/07/2025
🔥 World situation:
US President Donald Trump confirmed that 25% tariffs on Mexican and Canadian goods will take effect next week on March 4. Meanwhile, the Fed’s preferred inflation gauge, the Core PCE Price Index, signaled continued progress toward the central bank’s 2% target.
Following the data, expectations for further Fed policy easing grew. According to Prime Market Terminal, the Fed is anticipated to cut rates by 70 basis points this year, with investors betting on the first reduction in June.
🔥 Identify:
Breaking the trend, gold continues to maintain a downtrend
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $2876, $2903, $2956
Support : $2810, $2773
🔥 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
BTC - Bigger Picture of Liquidity Collection RoadmapExpanding on my last idea focusing on the first move in this sequence, here is a bigger picture of this idea and I will explain in detail how I arrive to this.
1. The market is always going to absorb liquidity.
We know this. We also know that since Dec 2022 Bitcoin has been on a steady climb up allowing for lots of long positions to open and stay open. What this creates is a lot of absorbable liquidity in the form of long position stop losses. Further more, the dominance of leverage is very high in crypto, therefor these stop loss orders are “leveraged sell orders”. This is the “fuel” that can be used to explain the possibility of a move of this magnitude.
In other words, the orders are already in place in the chart; the adverse of traders decisions via leveraged position stop losses.
2. We can identify (2) main trendlines that explains why Bitcoin has been struggling so much around these zones. Price tends to break above and below these diagonal trendlines, trading sideways in a diagonal fashion - until there is enough “fear” or justification to allow the trendline to play itself out.
The first trendline I design for you in my previous idea. This takes Bitcoin to a zone with several confluences. (1) A Volume Profile support, (2) The bottom of a bearish trendline, and (3) The absorption of a mass amount of liquidity located from the current price to that zone.
The second trendline, which you can apply the same validation methods I pointed out in my previous idea (duplicating the trendline and placing it infinitely at different areas on the chart and observing price respecting the angle), has a bottom of $7,000.
Now this Uber low may seem extraordinarily unrealistic, but there is again, a mass amount of liquidity located in those low zones that the market wants to absorb.
3. I lay out here a corrective wave sequence that would allow all of this liquidity to be absorbed.
The US Dollar on the higher timeframes shows a bearish retest of a major breakdown. With all of the negative news and geopolitical tension with the US, both technically and fundamentally this points in the direction of a falling US dollar relative to other global currencies.
4. Ultimately this is good for Bitcoin.
I present this idea for several reasons, most importantly, what I can see happening (assuming this does occur) is that many holders and investors will sell at very low prices in extreme fear that Bitcoin will go to zero, when in fact it would just be a liquidity grab prior to a true 3-5 year bull run on Bitcoin as the US Dollar loses strength.
Of course being ill prepared and selling at those extreme lows would be catastrophic for investors and traders.
So if anything, I hope this serves you with the possibility explained in detail, and in the event you see this occur, to not panic and not sell. To do the exact opposite of what the majority would do and BUY into those extreme fear zones.
Happy trading and stay safe.
For anyone wanting to argue that it’s not possible or showing their confidence that it would never happen; please understand there is no harm is looking at potential scenarios and this isn’t an ego contest about who is right or wrong. It’s ideally about looking out for each other and sharing our work, knowledge, and experience to collectively succeed in understanding this challenging market.
People may also like to point out that I’ve been speaking about this occurring for roughly a year, and have been wrong - however the timing of such events doesn’t mean it’s “wrong”. If the chart demonstrates a possibility, it remains.
EURUSD Potential Short Setup - 1HR Swing TradeThis trading idea proposes a short position in EURUSD on the 1-hour timeframe, based on the expectation of a continued downward move. The entry point is strategically located at a resistance level, with a stop-loss order to manage risk and a take-profit target set at a potential support zone.
Disclaimer :
This analysis is based on the provided image and should not be considered financial advice. Trading involves risks, and it is essential to conduct your own research and consult with a financial advisor before making any trading decisions.
BTC - Watch this Trendline - Potential Short to 36,000I’ve drawn the main trendline and marked the contact points in red circles if you’d like to replicate this on your own chart
I’ve also demonstrated that when the correct trendline is identified, it can be duplicated and placed at different points on the chart that price seems to follow - IE support / resistance works on a diagonal grid
I’ve marked my personal entry in green, stop loss in red - minor targets in grey dashed lines and major targets in black solid lines
Fundamentally this drop makes sense as there is a mass amount of liquidity in these below zones.
Not financial advice, do your own research and experimentations.
God speed!
GBPJPY trend continuation?Next week, we can expect the continuation of the trend. The technical analysis is fully explained in the chart, but what needs to be watched are the fundamental reports:
Manufacturing PMI on Monday, (impulsive move)
Tuesday nothing (correction move)
Services PMI on Wednesday, (impulsive move)
Jobless Claims on Thursday, (impulsive move)
and NFP along with Fed Chair Powell's speech on Friday. (impulsive move)
We expecting high volatility during news events. Trade what you see, not what you think.
