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Support and Resistance

Going long on pullbacks remains the mainstream.Fundamentals: Risk aversion is still the mainstream in the current market; risk aversion funds and risk aversion sentiment are still dominant in the gold market; although risk aversion and bullish sentiment have weakened at the war and trade war levels; the overall global fundamentals have not returned to their original state; behind various small fundamentals, there is still the possibility of triggering various risk events Gold continued to rise on Friday due to the rise in risk aversion caused by tariffs, and the price of gold continued to rise to around 3365, and the daily line closed with a full big positive line again. If gold can successfully break through and stabilize in the 3360-3365 range in the future, the bull market is expected to regain its dominant position. From the perspective of the 4-hour cycle, the price of gold continues to rise based on the unilateral moving average. Although there is a temporary divergence in the current indicators, in terms of form, the price of gold has achieved a short-term break. Next Monday, it is necessary to focus on the support strength of the 3345-3335 position, and the upper pressure range is maintained at 3365-3375. Do not blindly chase the rise before successfully breaking through and stabilizing. In terms of operation strategy, it is recommended to wait for the opportunity to step back, buy on dips, and continue to be bullish on gold prices. If gold can continue its strong performance next week, it is expected to test the previous high of 3430-3440 again.
OANDA:XAUUSDLong
by TP_Daniel5
Healthy BTC Retrace in Trend Next Breakout Target 112K Then 122KBitcoin continues to respect the bullish market highlighted in our previous analysis, where the AB=CD structure pointed toward significant upside potential. The market has since retraced into a well defined re-accumulation zone, aligning precisely with prior expectations. Price has held firmly above the round figure support ($100k), with the current structure confirming a healthy correction within trend. As long as the re-accumulation zone between 104k–107k holds, momentum remains skewed to the upside. The projected 2.618 extension sits near the 122k mark, where the current setup aims to complete. The broader structure still respects higher timeframe demand and ascending channel boundaries, keeping bullish continuation valid unless 100k decisively breaks. Watch for confirmation breakout above 112k to activate the next leg of the move. If you found this analysis insightful, drop a like to support the work and leave a comment with your perspective whether you agree, disagree, or have an alternate scenario in mind. Let's grow together through collective insights.
COINBASE:BTCUSDLong
by weslad
32
STAR breakout candidateThis is the chart of Strides pharma science ltd. The stock currently is trading sideways. Stock has approached the resistance with very high relative volume. Stock has continuously performed financially well with triple digit earnings growth and margins expansion. The recent approach to resistance with very high relative volume suggests a high probability for breaking out resistance zone because the stock has very high earnings but not reflected in price hence the reason. Keep watching the stock.
NSE:STARLong
by SamruddhiConsulting
We are going down?Move toward 5.15% and further Bitcoin correction? Tether Dominance is moving within a descending channel. As you can see, each bearish wave has shown weaker momentum, pulling away from the channel's lower line — a sign of declining bearish strength. If the channel trendline breaks, there’s only one major resistance ahead at 4.77%. If that level is broken, the move could extend up to the 5.15% area — which could signal more downside pressure on Bitcoin.
CRYPTOCAP:USDT.DLong
by UnknownUnicorn12015359
PYTHUSDT | Short Zone at the Blue Box—Proceed with Extra CautionPYTHUSDT is pressing lower with conviction, and the blue box marks our primary area to consider short entries. Although buyers are technically present, their support feels fragile; every test of this zone risks failing unless you have a strong appetite for heightened risk. Why the Blue Box Matters • Price has paused here before, making it a logical spot for sellers to reemerge. • The current decline suggests sellers are in control and likely to defend this zone again. Conditions for a Short Entry Lower‑Time‑Frame Breakdown Observe a clear breakdown pattern on shorter charts—whether a series of lower highs or a decisive support breach. Volume Confirmation Seek evidence that selling volume outpaces buying volume as price approaches the blue box. CDV Divergence Confirm that cumulative delta volume does not support the rally, indicating genuine exhaustion among buyers. Entering here demands extra conviction and precise execution. If these confirmations line up, a short trade could offer favorable risk‑reward. Without them, it is wiser to watch from the sidelines until a clearer setup emerges. 📌I keep my charts clean and simple because I believe clarity leads to better decisions. 📌My approach is built on years of experience and a solid track record. I don’t claim to know it all but I’m confident in my ability to spot high-probability setups. 📌If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge. 🔑I have a long list of my proven technique below: 🎯 ZENUSDT.P: Patience & Profitability | %230 Reaction from the Sniper Entry 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total 🌟 FORTHUSDT: Sniper Entry +%26 Reaction 🐳 QKCUSDT: Sniper Entry +%57 Reaction 📊 BTC.D: Retest of Key Area Highly Likely 📊 XNOUSDT %80 Reaction with a Simple Blue Box! 📊 BELUSDT Amazing %120 Reaction! 📊 Simple Red Box, Extraordinary Results I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
Long
by UmutTrades
PONDUSDT | Buyers Showing Real PresenceUnlike many altcoins, PONDUSDT is showing clear signs of buyer strength. The blue boxes below represent well-defined demand zones that could reward patient entries. If you prefer waiting for price to pull into those zones, you're thinking long-term. But even entering here with a market buy isn’t a bad idea, the momentum supports it, and the structure is holding well. I’ll personally monitor both options, but I never ignore confirmation. “I will not insist on my short idea. If the levels suddenly break upwards and do not give a downward break in the low time frame, I will not evaluate it. If they break upwards with volume and give a retest, I will look long.” Whether you're aggressive or cautious, this setup respects both styles, and that’s rare. 📌I keep my charts clean and simple because I believe clarity leads to better decisions. 📌My approach is built on years of experience and a solid track record. I don’t claim to know it all but I’m confident in my ability to spot high-probability setups. 📌If you would like to learn how to use the heatmap, cumulative volume delta and volume footprint techniques that I use below to determine very accurate demand regions, you can send me a private message. I help anyone who wants it completely free of charge. 🔑I have a long list of my proven technique below: 🎯 ZENUSDT.P: Patience & Profitability | %230 Reaction from the Sniper Entry 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total 🌟 FORTHUSDT: Sniper Entry +%26 Reaction 🐳 QKCUSDT: Sniper Entry +%57 Reaction 📊 BTC.D: Retest of Key Area Highly Likely 📊 XNOUSDT %80 Reaction with a Simple Blue Box! 📊 BELUSDT Amazing %120 Reaction! 📊 Simple Red Box, Extraordinary Results I stopped adding to the list because it's kinda tiring to add 5-10 charts in every move but you can check my profile and see that it goes on..
Long
by UmutTrades
C98 Buy Setup (1D)Based on the 3D pattern formed at the bottom and the breakout of the trigger line, it seems that the origin zones of the move may contain enough orders to trigger a trend reversal for C98. A double bottom is expected to form, and the price may attempt to attack the marked supply zone. The support zone and supply area are marked on the chart. A daily candle closing below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
USDCAD - Continuation Trading Using Structure, Fibs & VolumeWHAT I'M LOOKING AT After ending the week with a lower low & a lower close below a recent level of structure support, I'm predicting a potential bearish trend continuation opportunity here on the $USDCAD. MY PREDICTION If this prediction is correct I would expect a move down to the $1.35 psychological level (or right around it) as we have a confluence from both our Fibonacci extension & a spike in horizontal volume. HOW TO GET INVOLVED To get involved in this move I'll be looking for a a potential retracement/pullback followed by a clear sign of reversal. The 2 price levels that I have on my radar are $1.3750's & $1.3800's If you have any questions, comments, or just want to share your views, please do so below! Akil
Short
by Akil_Stokes
GOLD MOVE UP 📈 GOLD LATEST ANALYSIS | 25 MAY 2025 🎯 PRECISION BULLISH SETUP IN PLAY – SL BELOW 3330, TARGETING \$5,500 PROFIT! In this video, we break down the latest high-probability Gold (XAUUSD) trading setup that aligns with clear structure shifts, a breakout from a descending channel, and strong bullish price action closing above key resistance. --- 🧠 SETUP BREAKDOWN ✅ Instrument: GOLD (XAU/USD) ✅ Bias: Bullish ✅ Entry Logic: Price broke above the internal resistance of a well-respected descending channel. Friday closed strong above 3356, confirming bullish structure. ✅ Structure Shift (SS) confirmed on 1H and 30M timeframes, showing buyer control ✅ Fair Value Gap (FVG) mitigation across multiple timeframes (1H, 30M, 15M, 5M) aligns with bullish continuation ✅ Stop Loss: Below 3330 (protected under structure & FVG zone) ✅ Take Profit Target: \$5,500 (based on extended bullish move and higher timeframe liquidity targets) --- 💡 KEY REASONS FOR THIS SETUP 1. Break of Descending Channel: Price broke a well-defined trendline with multiple touches on both resistance and support—signaling a shift in momentum. 2. Strong Weekly Close Above 3356: A major resistance flip to support shows buyers are in control. 3. Internal Structure Break: Confirmed break and retest of mid-structure gives clarity for safe re-entry. 4. Multi-Timeframe FVG Alignment: Clear confluence from 1H to 5M supports institutional-style entry logic. 5. Clean R\:R Ratio: This setup offers a favorable risk-to-reward, ideal for account scaling strategies. --- 💼 LIVE TRADE OBJECTIVE We're using this exact setup to flip two real accounts: 📍 Account A: 3,000 ZAR → Goal: 40,000 ZAR 📍 Account B: \$1,500 USD → Goal: \$15,000 USD Each account uses the same setup, with a focus on precision entries, controlled risk, and aggressive scaling only after confirmations are met. --- 📌 This isn’t just analysis. It’s a real strategy in motion. 🔔 Subscribe, follow the journey, and let’s grow these accounts with discipline and structure. #GoldSetup #XAUUSD #SmartMoney #PriceAction #ForexStrategy #StructureShift #FVG #AccountFlip #TradingPlan #May2025 #GoldBreakout #LiveTrade
OANDA:XAUUSDLong
by ForexKid101
BTCUSD (15m) – Wave 12345 Completed with Bullish Divergence & SN🕒 Timeframe: 15-Minute 💰 Pair: BTC/USD ⸻ 🔍 Wave Structure & Momentum Analysis Using Elliott Wave Theory, we can clearly identify a completed 5-wave impulsive move down: • (1) → (2) → (3) → (4) → (5) • Wave (5) completes with a bullish divergence against the Awesome Oscillator (AO), signaling weakening bearish momentum. • Both price and AO show a clear divergence between wave (3) and wave (5), hinting at a possible reversal or corrective phase. ⸻ 🔁 Break of Structure & SNR Zone • Price is currently reacting to a key Support-turned-Resistance (SNR) level around 107,724. • A confirmed break and close above this SNR will mark a break of structure, strengthening the bullish case. • I will wait for the price to close above 107,724 on the 15M timeframe to confirm this break. ⸻ 🧠 What’s Next? ABC Retracement for Entry • Upon break of structure, I will look for a nearest bullish Supply & Demand (SND) zone as a potential entry point. • Ideally, I will wait for an ABC corrective retracement (after the break) to enter long. • Entry will be placed at the base of the SND zone formed during the corrective leg. ⸻ 📌 Trade Plan Summary • ✅ Wave 12345 completed (impulse wave down). • ✅ Bullish divergence confirmed with AO. • ⚠️ Watching for break and close above 107,724 (key SNR). • 🔎 If broken, wait for ABC correction into SND zone to initiate long position. • 🎯 Target: Mid to Upper structure zone based on previous supply. • ❌ Invalidation: If price fails to break above 107,724 or breaks below recent swing low (wave 5), setup is void. ⸻ 📈 Technical Confluence • Elliott Wave Count • AO Divergence • Break of Structure (BoS) • SNR Level • Awaiting ABC Pullback into SND ⸻ 💬 Let me know what you think! Are you seeing the same structure? Waiting patiently for confirmation before entering. #BTCUSD #ElliottWave #BreakOfStructure #SupplyAndDemand #AO #CryptoAnalysis #SmartMoney #15MinChart
BITSTAMP:BTCUSDLong
by AwesomeOscDad
1
Eurusd monthly tradin bias 📌 EUR/USD Monthly Outlook – Accumulation to Distribution Phase The monthly chart reveals a significant transition: EUR/USD appears to have completed a classic accumulation and manipulation phase and is now entering a distribution phase, targeting buy-side liquidity above key relative equal highs. 📍 Key Observations: Price swept the previous sell-side liquidity (SSL) and rebalanced within a monthly fair value gap (MFVG). Strong bullish momentum broke structure to the upside, aligning with the macro distribution narrative. The recent mitigation of an order block and move through buy-side liquidity (BSL) confirms the directional shift. 🕵️‍♂️ What to Monitor: Lower timeframes (H4 / Daily) may present pullback entries or continuation setups in line with this bullish expansion. Look for entries on retracements within PD arrays or refined imbalances. ⚠️ Disclaimer: This idea is shared for educational purposes only and does not constitute financial advice. Always conduct your own analysis and manage risk responsibly. #EURUSD #SmartMoney #Forex #ICTConcepts #MarketStructure #DistributionPhase #TechnicalAnalysis #FXTrading #TradingView
Long
by WAKAHALF
2
BTC/USDT Technical Analysis, 2025-05-23 15:30 UTC💹 BTC/USDT – Technical Analysis (5-min Chart | Binance Spot) Date: May 23, 2025 | Time: 15:30 UTC 📈 Market Structure & Outlook: Bitcoin is currently exhibiting a neutral-to-bullish intraday structure, with confirmation bias leaning toward accumulation amid short-term consolidation. The price action is positioned just above key intraday support, with a visible tightening range between major liquidity zones. MACD bullish crossover and candlestick strength indicate persistent buying interest, despite RSI flattening. 📊 Key Indicators: MACD: Positive histogram (+98.62) confirms bullish crossover; momentum remains constructive. RSI (14): Neutral at 62.0 — no overbought pressure, leaves room for upside. ATR (14): Elevated at 368.77 — indicative of high-volatility regime; adjust risk accordingly. OBV: Net-negative (-1,662) but recovering; suggests quiet accumulation underway. EMA/SMA: 200-period SMA acting as dynamic support at 109,162. Price above 50/100 EMA, showing intraday bullish posture. Bollinger Bands: Lower Band: 107,968.77 (support zone convergence). Upper Band: 110,355.26 (immediate resistance ceiling). 🔑 Key Levels: Support: 109,525–109,550 → EMA/Bollinger convergence zone. 109,162 → 200 SMA acting as institutional anchor. Resistance: 110,000 → Psychological + stacked ask liquidity zone. 110,280–110,355 → Bollinger top + structural rejection zone (last seen at 14:25 UTC). 🔑 Candlestick Confluence: Bullish Marubozu (14:30 UTC): Full-bodied candle indicating aggressive buying. Piercing Line (14:25 UTC): Reversal cue reinforcing dip-buy narrative. 🎯 Trade Setup (Institutional Playbook): Position Type: Intraday Tactical Long Entry Zone: 109,525–109,600 Stop-Loss: 109,150 (below SMA-200 + volatility buffer) Take-Profit: 110,280 Risk/Reward: ~1.8x Execution Note: Watch for bid thinning below 109,550. Size down to accommodate ATR-adjusted slippage (1.5x). 📌 Summary: Momentum favors bulls above 109,525; technical alignment supports continuation toward 110,280. However, volatility and macro headlines demand surgical execution and proactive risk control. Maintain discipline around liquidity pockets.
Long
by CryptoSignalsChannel
Solana | SOL spot TRADE SETUP +65%Firstly, let's look at the SOL chart from a larger view to confirm the agreement for a bullish setup. What we see above is a clear bullish bottom, followed by a sharp V-Shaped recovery in the daily timeframe. From here, the ideal entry could be within this zone, either dollar-cost average or just one spot buy: With the STOP-LOSS around here: And THREE TP (take profit) points: 1️⃣ 2️⃣ 3️⃣ Naturally with the timeframe of your HOLD increasing as your target moves higher. _________________________ BINANCE:SOLUSDT
Long
by Crypto-Check-
XAUUSD[GOLD]: Another Possible Swing Sell Happening! Swing MoveGold rejected twice as we had described in our last two analyses on Gold. We remain heavily bearish on Gold and expect a swift bearish move within the next week or following week. We are eyeing two targets. Please use this analysis accordingly and avoid overtrading. This is not a confirmation, and do not use the marked arrow as an entry or exit point. The marked red area drawn there represents a potential reversal zone from which price may reverse. As always, this analysis does not guarantee that price will move as described in the chart. Please use your own knowledge and trading plan while trading Gold. Good luck and trade safely. Want to support us? Do the following ❤️ -LIKE THE IDEA -COMMENT YOUR VIEW -SHARE IF YOU AGREE Much love ❤️ Team Setupsfx_
OANDA:XAUUSD
by Setupsfx_
11
Gold Surges – Is 3,500 USD the Next Target?OANDA:XAUUSD has shown strong bullish momentum, breaking above the upper boundary of the descending channel. This boundary previously acted as dynamic resistance but has now been broken and could potentially become a new support zone if confirmed. Price action at this level suggests a structure consistent with a bullish flag pattern, indicating the potential for a continuation of the uptrend if buyers engage. If buyers confirm support at this level, the price may have the potential to rise toward the 3,500 USD level, which serves as a reasonable target for this setup. And if price breaks beyond this area, there are few clear obstacles above, opening up room for a broader rally within the medium-term trend. Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong rejection wicks from the support zone, or rising buying volume, before considering long positions. If you agree with this analysis or have additional insights, feel free to share your thoughts below!
OANDA:XAUUSDLong
by LucasMgoldview
5
Key Levels for the Week 26-30/05/2025 ∷Gold∷🐍 Key Levels Overview for the Week🐍 __________________________ Trend Base Lines 3351🐂3362🐂3368🐂3374🐂3380🐂3387🐂3388 3331🏛3336🏛3342🏛3348🏛3354🏛3358 3298🐻3309🐻3321🐻3330 __________________________ Resistances🔀 3447 3517 3534 3559 3585 3599 3631 3645 3671 Mids∷∷∷ 3348 3377 3391 3428 3440 3450 3462 3472 3488 3499 Supports🔀 3425 3413 3389 3362 3324 3284 3271 3258 3242 3229 3215 3199 3136
TVC:GOLD
by spacecraft
BTCUSD in an Uptrend: Can Buyers Push Price to 130,000 USD?Currently, OANDA:BTCUSD is a typical case of a market trading within an ascending channel, with price action consistently respecting both its upper and lower boundaries. Price has broken through a key resistance area and may now return to retest this zone as support. This area also coincides with the coin cluster from the recent volatility, and therefore, it deserves particular attention. If this support zone holds, I believe it will reinforce the current bullish structure and open up the possibility of moving toward the 130,000 USD level, which aligns with the upper boundary of the ascending channel. This is a reasonable target based on current price action and market structure. As long as price holds above this support zone, I maintain a positive outlook. However, if price breaks below, the bullish scenario will no longer be valid, and the risk of a pullback toward the lower boundary of the channel will increase. Make sure to always apply proper risk management.
OANDA:BTCUSDLong
by LucasMgoldview
Trade the Angle, Not the Chop: Angle of MA ExplainedNot all moving averages are created equal. While most traders rely on the slope of a moving average to gauge trend direction, the Angle of Moving Average script by Mango2Juice takes it a step further—literally measuring the angle of the MA to help filter out sideways markets and highlight trending conditions. Let’s explore how this tool works, how we use it at Xuantify, and how it can sharpen your trend-following strategy. 🔍 What Is the Angle of Moving Average? This indicator calculates the angle of a moving average (default: EMA 20) to determine whether the market is trending or ranging. It introduces a No Trade Zone , visually marked in gray, to signal when the angle is too flat—suggesting the market is consolidating. Key Features: Measures the slope of the moving average Highlights ranging zones with a gray color Helps filter out low-momentum conditions Customizable MA type and length 🧠 How We Use It at Xuantify We use the Angle of Moving Average as a trend filter —not a signal generator. 1. Trend Confirmation We only take trades in the direction of a steep enough angle. If the MA is flat or in the gray zone, we stay out. 2. Entry Timing We combine this with structure tools (like BOS/CHOCH) to time entries after the angle confirms a trend is underway. 🎨 Visual Cues That Matter The script uses color to show when the market is: Trending : Clear slope, colored line Ranging : Flat slope, gray line (No Trade Zone) This makes it easy to: Avoid choppy markets Focus on momentum-driven setups Stay aligned with the dominant trend ⚙️ Settings That Matter You can customize: MA Type : EMA, SMA, etc. MA Length : Default is 20 Angle Sensitivity : Adjust to define what counts as “flat” ⚙️ Higher timeframe alignment You can look at HTFs for better and stronger entry and exit points. Below a 1H and 4H chart where the 4H clearly adds strong buying power for a good long entry point. 🔗 Best Combinations with This Indicator We pair the Angle of MA with: Structure Tools – BOS/CHOCH for trend context MACD 4C – For momentum confirmation Volume Profile – To validate breakout strength Fair Value Gaps (FVGs) – For sniper entries ⚠️ What to Watch Out For This is a filter , not a signal. It won’t tell you when to enter or exit—it tells you when not to trade . Use it with price action and structure for best results. 🚀 Final Thoughts If you’re tired of getting chopped up in sideways markets, the Angle of Moving Average is a simple but powerful filter. It helps you stay out of low-probability trades and focus on trending opportunities. Try it, tweak it, and see how it fits into your system.
Education
by Xuantify
Deeper Retrace if previous monthly high and VAH are lostBTC has made a strong move up recently, but we’re now trading just above key contextual levels that could act as a tipping point if lost. Do we look for a failed auction? 🧭 Key Levels on Watch: • PW/MHIGH (Previous Week and Month High): ~109,988 • VAH (Value Area High): ~105,573 • POC (Point of Control): ~96,815 • VAL (Value Area Low): ~87,198 • Anchored VWAP from the April low is rising steadily and currently converging with the POC. 🔍 What to Watch For: We’ve wicked above the monthly high and are now showing signs of stalling. If BTC fails to hold above the VAH (~105.5k), it would suggest acceptance back inside the prior value area. This could open the door for a rotation lower toward the POC (~96.8k) — the area with the highest historical volume and strong structural support. 🟢 Anchored VWAP Support The anchored VWAP from the April low continues to rise and is on a collision course with the POC. This area could become a magnet for price, offering confluence for a potential bounce or reaccumulation zone. ⚠️ Scenario Outlook: • Lose PW/MHIGH → Caution • Lose VAH and hold below → Expect rotation to POC • VWAP + POC convergence could be a key buy zone if tested This is a classic example of auction market theory in action: acceptance back into value often leads to a revisit of the point of control.
by turnandshoot