BITCOIN The Ultimate Cycle Model calls for $160k!Bitcoin (BTCUSD) is rebounding following yesterday's Fed Rate Decision. Technically the rebound has already started 10 days ago after the market nearly bottomed on the 1W MA50 (red trend-line). This is the strongest long-term Support level, as it is where BTC priced Lows and rebounded on August 05 2024 and September 11 2023, but it is not the only one.
With the current 2023 - 2025 Bull Cycle pattern being a Channel Up, this is the absolute and ultimate model that has been guiding the price action and can help estimate any future moves. Given that, it's also the 0.382 Fibonacci retracement level that supported both Lows (as well as the current one) on the 1W MA50 mentioned above. As a result, we are so far on a double Support cluster.
The 1W RSI comes in as the 3rd Support, as it hit and is rebounding now on its 2-year Support level, where the bounces of September 07 2024 and September 11 2023 happened. It is also important to mention that the Channel Up can be divided into two phases, Phase 1 (green Channel Up), which traded within the 0.0 - 1.0 Fibonacci range and Phase 2 (blue Channel Up), which trades within the 0.5 - 1.5 Fibonacci range.
The symmetry within those patterns are so high that the two Bullish Legs of Phase one have both rallied by +100.64%. If Phase 2 follows the same dynamic, and there is no reason to assume it won't as the Bearish Legs have been almost identical, we can assume that the Bullish Leg that has just started will rise by +121.48%, same as the previous one (Aug - Dec 2024). That gives us a Target estimate of $160000.
So do you think that BTC has bottomed on this Triple Support Cluster and if so, can it reach $160k by the end of this Cycle? Feel free to let us know in the comments section below!
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Signals
Lingrid | AUDUSD breaks the UPWARD channel. Potential ShortFX:AUDUSD market broke and closed below the upward channel following a bullish momentum, and the price has also fallen below the swap zone where it previously bounced twice. On the daily timeframe, the market appears bearish, indicating potential further declines due to prevailing bearish dominance. A shift in market structure is evident, with price making lower lows and breaking below previous higher low. Unless upcoming news positively influences the market, I think the price will likely continue to move lower. My goal is support zone around 0.62910
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
USD/JPY: Breaking bullish factors!Brian is very happy to meet everyone again.
USD/JPY declined sharply today amid divergent policy outlooks between the BoJ and Fed - leading to USD weakness. Furthermore, increasing trade and geopolitical tensions combined with political instability in Turkey have created an unfavorable environment for this currency pair.
The preferred strategy at this time is to continue short-term selling as the strong downward momentum is further accelerated when USDJPY breaks below the uptrend line and shows additional reversal from the 34.89 EMA. Using Fibonacci to measure the currency pair's decline, we target selling from the 0.618 Fibonacci level at 148.93 and 0.5 Fibonacci level at 149.17. The projected target is the 1.618 Fibonacci level at 146.96.
Wishing you successful and profitable trading!
Lingrid | AVAXUSDT reached WEEKLY high. ShortThe price perfectly fulfilled my previous idea . It hit the target level. BINANCE:AVAXUSDT has gradually climbed higher after bouncing off a key support level and is currently testing the previous week's high, which has been respected multiple times. Furthermore, it continues to respect the upward trendline. However, on higher timeframes, the market remains heavily bearish, with prices dipping below the August low of 2024. Following such a significant bearish movement, the price will likely consolidate for a period. I expect a rebound from the psychological level at 20, followed by a retest of the support level. My goal is support zonearound 17.05
Traders, If you liked this educational post🎓, give it a boost 🚀 and drop a comment 📣
USDJPY → Testing resistance level (wedge) ahead of Fed decisionFX:USDJPY A false breakout of the resistance zone could trigger a decline, as well as a breakdown of the "wedge" support with subsequent price consolidation in the sell zone. Price may test areas of interest at 147.6, 146.54.
A resistance trend adjustment is forming as part of the dollar index consolidation process. An interesting situation is developing that could lead to a continuation of the downward trend.
Fundamentally, today is a crucial day. The FED interest rate meeting is taking place. Traders are waiting, and the dollar is consolidating at this moment. Interest rates are likely to remain unchanged, but within this main trend, everyone is focused on Powell's comments regarding monetary policy and their future actions.
USDJPY is currently forming an adjustment against the bearish trend resistance, before the news this currency pair may test the resistance cluster: a wedge, fibo 0.79 or an order block outside the channel.
Resistance levels: 150.16, 150.95
Support level: 148.92
A false breakout of the resistance zone could trigger a decline, as well as a breakdown of the "wedge" support with subsequent price consolidation in the sell zone. The price may test areas of interest at 147.6, 146.54.
GOLD → Sideways movement as traders await Fed rate decision...OANDA:XAUUSD Entering the consolidation phase 3038 - 3024 ahead of the news - Fed interest rate meeting. The overall situation is predictable, but gold is reacting to increased geopolitical risks.
Gold remains stable ahead of the Fed's decision as markets await data. The regulator is expected to keep rates unchanged, but Powell's forecast will determine the next momentum. Fed's "hawkish" tone could lead to a stronger dollar and gold correction. "Dovish" signals about economic risks will support metal price growth. Geopolitical tensions and Trump's tariffs continue to have an impact. Markets are preparing for high volatility amid Fed decisions and global events.
Resistance levels: 2038, 2045
Support levels: 3024, 3015, 3004.9
Several trading scenarios can be considered:
Breaking through resistance levels 3038 - 3045, price consolidates above with next growth target at 3050 - 3060.
Or wait for news reaction and potential support level breakouts to find strong levels for false breakout trading, such as 3024, 3015, 3005.
Regards KevinSterling!
USD/CAD: Rebound Above 1.4265 or Imminent Drop?📊 Market Context
The USD/CAD exchange rate has shown recent volatility with a significant surge followed by a retracement phase. The market is reacting to expectations regarding decisions from the Federal Reserve and the Bank of Canada (BoC), as well as fluctuations in oil prices, a key factor for the Canadian dollar.
🔍 Technical Analysis
The chart analysis highlights the following key levels:
Main Resistance: 1.4521 → Located in the upper zone of the chart, this level could act as a barrier to further bullish movements.
Key Supports: 1.4333 - 1.4265 - 1.4239 → These levels have previously acted as bounce points and could provide a base for price recovery.
Market Structure: The price reacted with a strong green candle after testing the lower support area, followed by a correction phase.
Bullish Momentum: If the price holds above 1.4265, it could attempt another push towards 1.4521.
📌 Potential Bullish Scenario: If the price remains above 1.4265, we could see another push towards 1.45 and beyond.
📌 Bearish Scenario: A break below 1.4239 could trigger a sharper decline towards the 1.41 - 1.40 range.
🌍 Fundamental Analysis
Federal Reserve: The Fed is assessing the impact of its monetary policies, with markets speculating on a potential rate cut by mid-year.
Bank of Canada: The BoC maintains a cautious approach, monitoring inflation and the labor market.
Oil Prices: The CAD is correlated with oil prices, so an increase in crude oil could strengthen the Canadian dollar and push USD/CAD lower.
🎯 Conclusion
Main Bias: Bullish above 1.4265, targeting 1.45.
Trend Invalidation: Below 1.4239, a potential downward correction could occur.
Gold- I'm looking to sell for 500+ pips targetAs I explained before, when I trade TRADENATION:XAUUSD , I aim for targets of 400-500 pips , sometimes even more. That’s why I always try to determine where "the BIG move" is. In Gold’s current situation, I believe this move is down, not up (though, of course, I don’t have a crystal ball).
Let me explain...
Since the beginning of March, Gold has surged by more than 2000 pips. While we need to adjust our pip calculations given Gold’s current price levels , this is still an enormous rise. More importantly, out of these 2000 pips, 1700 were gained just since last Wednesday. This makes a correction highly likely, especially considering that if we look at the chart, we see almost no pullbacks in the past week—only a consolidation in a rectangle.
From a technical standpoint, the trend is undoubtedly up. However, even if Gold drops to 2990, the overall uptrend would still remain intact. Additionally, looking at the chart, we can spot a rising wedge—typically a reversal pattern.
My Take:
Currently, I’m out of the market, but I expect a strong correction of 500+ pips. I’m looking to sell if there’s an upward spike followed by signs of exhaustion.
Conclusion:
In my opinion, "the big move" is down, not up. I expect Gold to drop below 3000 and at least test the 2990 zone.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
GBP_JPY LOCAL LONG FROM SUPPORT|LONG|
✅GBP_JPY is making a local
Bearish correction and will
Soon retest a horizontal
Support of 192.716 and as
We are bullish biased we
Will be expecting a local
Bullish rebound from the support
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EUR-GBP Will Grow! Buy!
Hello,Traders!
EUR-GBP is going down
To retest the horizontal
Support of 0.8369 one
More time and as it is
A strong support level
We will be expecting a
Local bullish rebound
And a move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
XAUUSD BUY again all time high 1. Resistance Zones:
The chart identifies multiple resistance levels, including a double-top resistance.
However, if gold strongly breaks above the resistance, it may invalidate the bearish double-top pattern
2. Trendline Support:
The trendline support is correctly identified, but trendlines are subjective. If broken, it could signal a trend reversal rather than a bounce.
3. Expected Price Movement:
The projected price action assumes a pullback before continuing upwards, which is reasonable.
However, the red arrow suggests a potential drop, which contradicts the bullish expectation.
4. Fundamental Factors:
Gold is heavily influenced by macroeconomic factors (interest rates, inflation, geopolitical risks). Ignoring these could make the analysis incomplete
NZD_USD LONG SIGNAL|
✅NZD_USD will soon retest a key support level of 0.5770
So I think that the pair will make a rebound
And go up to retest the supply level above
So we can enter a long trade with
The Take Profit of 0.5806
And Stop Loss of 0.5752
LONG🚀
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AUD_JPY RISKY LONG|
✅AUD_JPY made a retest
Of the horizontal support
Of 94.600 after a breakout
Earlier so we are bullish
Biased and we will be expecting
A further move up
LONG🚀
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NASDAQ 100: Moon Mission or Reality Check? Ah, the NASDAQ 100—our favorite rollercoaster 🎢 where tech dreams are either made ✨ or brutally crushed 😵💫. Right now, it’s hovering around 19,500, and traders are debating: "Is this the launchpad to new highs or just a dead-cat bounce in disguise?" 🐱💀
Let’s break it down 👇
🚀 The Bullish Hopefuls: "We're Going to Valhalla, Boys!"
✅ Rebound Mode ON 🎯: After a nasty selloff, the market has found some footing and is showing signs of recovery 📈. Maybe the worst is over? (Yeah, sure, we've heard that before... 🙃)
✅ Fed to the Rescue? 🏦: With the FOMC meeting on deck, traders are hoping for some dovish magic dust ✨ to send tech stocks flying again. Because why rely on solid fundamentals when you have the Fed, right? 🤡
😨 The Bearish Doom-Sayers: "Brace for Impact!"
❌ Big Tech = Too Crowded 🚶♂️🚶♂️🚶♂️🚶♂️: Asset managers are side-eyeing Big Tech, calling it "overcrowded" 🙄. Translation? Expect a nasty rug pull soon.
❌ Healthy Correction... or the Start of Something Worse? 🚑: The S&P 500 dropped 10%, the NASDAQ fell 11%, and Treasury Secretary Scott Bessent is calling it a "healthy correction" 🤡. Yeah, just like how falling down the stairs is a “healthy adjustment” for your spine.
🤔 The Fence-Sitters: "We're Just Watching the Chaos 🍿"
🔮 Multiple Futures Await 🔮: Analysts are juggling four possible scenarios for the NASDAQ—ranging from "moon mission" 🚀 to "welcome to the abyss" 🕳️. Basically, flip a coin.
So... Where Are We Headed? 🤷♂️
Are we strapping in for another ride to the stratosphere 🚀, or is this just a perfectly orchestrated bull trap 🐂🔫? Either way, buckle up, folks—volatility is the only guarantee 🎢😵💫.
💬 What do you think? Drop your thoughts below! 👇🔥
(Disclaimer: This isn't financial advice. Do your own research before yeeting into the market. 🚀📉)
XRP’s Bullish Setup: Why I’m Targeting $3 with a 1:4 Risk-RewardAfter its recent impressive rally to $3, XRP has shown remarkable resilience during the correction, establishing a strong support level around the $2 mark.
Despite the broader downturn in the crypto market, XRP has held up well, demonstrating significant strength.
Last week, XRP tested this $2 support level once again and rebounded, reinforcing its stability. The current price action is shaping a bullish flag pattern, which suggests that a new upward move could be on the horizon.
With this in mind, I am looking to buy XRP, anticipating a potential breakout.
Given my target of around $3, I am aiming for a 1:4 risk-reward ratio for this trade
XAUUSD Major 25-year Resistance getting tested!Gold (XAUUSD) has been on a multi-decade uptrend since the 2000 bottom and shortly after the launch of its ETF. With the exception of the aggressive 2006 break-out, the majority of its price action has been inside the (blue) Channel Up but the use of the Fibonacci extension Channel allows us to catch the key levels of the post 2006 action too.
What's more important is that the market is testing the top of that (blue) Channel Up, i.e. the 1.0 Fibonacci level, for the first time since August 2020, which was a major market top and the start of a 3-year Bear Phase.
As mentioned, the only time this Resistance broke was in April 2006, when Gold truly turned parabolic. The question is, what will it be this time? A macro level bullish break-out to the Fib 1.5 extension or the more short-term dynamic of the top of the blue Channel Up and a rejection back to the long-term Support of 1M MA50 (blue trend-line)?
Tell us your thoughts in the comments section!
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COPPER Approaching Key Resistance — Potential Sell SetupPEPPERSTONE:COPPER is approaching a significant resistance zone, highlighted by previous price reactions and strong selling interest. This area has previously acted as a key supply zone, increasing the likelihood of a bearish reversal if sellers step in.
The current market structure suggests that if the price confirms resistance within this zone, we could see a pullback toward the 4.7100 level, a logical target based on previous price behavior and current market structure. However, a clear breakout above this resistance could challenge the bearish outlook and open the door for further upside. It's a pivotal area where price action will likely provide clearer clues on the next direction.
Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management.
Best of luck!