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GBP-AUD Double Top Pattern! Sell! Hello,Traders! GBP-AUD made a retest Of the horizontal resistance Level of 2.0820, then Established a double-top Pattern and is now going Down so we are locally Bearish biased which Means that we will be Expecting a further Bearish move down Sell! 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.
Short
by TopTradingSignals
2
BTC Preparing for A Move Towards $110k Are You Ready?Bitcoin Market Update: BTC Preparing for a Move Towards 109,200 and 110,000 Levels Bitcoin (BTC) appears to be gearing up for a potential upward move targeting the 109,200 to 110,000 price range. Over the past several days, Bitcoin has been consolidating within a tight range, indicating accumulation and market indecision. However, the latest price action has shown a strong bullish breakout, confirmed by a solid bullish candle, followed by a healthy retest of the breakout zone. This retest suggests that Bitcoin may now be preparing for its next leg upward. The current price area presents a possible buying opportunity, especially as we approach the key black-marked zones on the chart. These levels are significant because they hold pending liquidity from previous days’ highs and also correspond to notable swing highs—areas where the market previously reversed. Traders should remain alert and not miss this potential opportunity. It's crucial to monitor the market closely for any structural shifts or additional confirmation signals, such as bullish patterns, increased volume, or momentum indicators aligning with the upward trend. As always, conduct your own research (DYOR) before making any trading decisions. Market conditions can change rapidly, and informed decisions backed by solid analysis are essential for successful trading.
BINANCE:BTCUSDLong
by Peter_Wade
Bitcoin – Sweep the Highs, Next Target $98kMarket Overview Bitcoin has been trading sideways for more than 8 days now, forming a tight consolidation range with no real breakout in sight. This kind of price action typically signals accumulation or distribution by larger players. While it may seem indecisive on the surface, this phase is often where the market sets its trap. What looks like inaction is actually a setup in progress. Price is compressing, volume is thinning out, and both bulls and bears are being lured in. That’s a perfect recipe for a sudden, aggressive move that wipes out one side entirely. Liquidity Structure The structure of this range is very clean, which in trading terms usually means dangerous. On the top side, we have a lot of liquidity, just above $105,800. This level has been tapped multiple times but never convincingly broken, and it now acts as a magnet for liquidity. On the flip side, the downside holds multiple clean lows, all clustered under the $100,000 mark. Both ends of this range are packed with liquidity. Smart money doesn’t trade in fair value, it trades where the most liquidity sits, and in this case, both the top and bottom of the range are loaded. Inducement and Manipulation The real purpose of this kind of range is not balance, it’s inducement. The market is inviting traders to take breakout positions on both sides, knowing full well that it’s unlikely to follow through cleanly. I believe we are currently in the inducement phase of the cycle. The equal highs around $105,800 are baiting breakout longs and short stop-losses alike. A move above that level would act as the stop hunt, triggering the final wave of longs before the rug is pulled. Once that liquidity is taken, I expect a sharp reversal that targets the lows of the range and continues further toward the real pool of liquidity sitting between $98,000 and $97,500. Scenario Outlook The most probable sequence from here is a fake breakout to the upside, followed by an impulsive selloff. A wick above $105,800 would serve as the signal, and once that inducement is cleared, the move down should be fast and decisive. This drop would take out the range lows and sweep the stops of everyone who tried to buy the breakout. If price does hold above $105,800 and shows continuation with strong volume and follow-through, that would be an invalidation of this short setup and a shift in structure, in which case I would reassess and wait for a pullback before considering any longs. Price Target and Expectations The first key event is the sweep above $105,800. That’s where breakout traders will commit, and that’s where I expect the reversal to begin. From there, downside targets include the low of the range and deeper liquidity near $98,000 to $97,500. This area aligns with a big imbalance zone, inefficiencies and the golden pocket fib level.. The expectation is for a quick drop once the trap is sprung, with a potential for a reaction or even a new bullish setup forming near that demand region. Conclusion Bitcoin has been compressing for over a week, and that usually ends with expansion. But expansion is not always trend continuation, especially when the structure suggests manipulation. The current setup looks ideal for a stop run above the range before dumping into deeper liquidity. The key is to wait for the sweep and watch how price reacts. The more obvious the breakout, the more likely it is to fail. Liquidity is king in this environment, and right now, the biggest pockets lie below. ___________________________________ Thanks for your support! If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts! 🚀 Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! 📈
Short
by TehThomas
125