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S&P 500 Setting Up for a Breakout – But Not Before One More TrapAs I’ve said before, the FOREXCOM:SPX500 is a key reference for my crypto trading . That’s why I sat down and took a closer look at the chart – and I’m now ready to place a limit order , based on what I’m seeing. I believe we’re still in a correction phase , and it’s far from over . However, I think it’s realistic that we’ll see a move toward $5,832 next week . Before that happens, I expect either today’s Monday Low or next week’s Previous Weekly Low to get swept, ideally triggering a dip into the 12-hour Fair Value Gap just below. That’s where I see my entry zone forming. It’s also the exact area where Wave B overshoots the starting point of Wave ABC, making it a clean Flat correction pattern, with Wave C completing to the downside before we get a solid move upward. I’m setting my stop-loss below the $5,500 low. If this setup plays out, I expect the S&P to push toward $5,832 , and after that, I’m anticipating a larger correction that could take the index back down to $5,500 or even $5,450 over the coming weeks. Timing remains unclear for that move after, but the structure is here , and I’m looking forward to seeing how it plays out.
FX:SPX500Long
by stromm
BTC - ABC Correction to Absorb Long Liquidity Further to my previous recent post, I wanted to highlight two indicators that accurately present us with liquidity on the BTC chart. Connecting the pieces of the puzzle of this prediction - this ABC correction pattern allows the market to absorb the Long position liquidity left in tact on the chart. Since these long positions leave a trail of leveraged sell orders (stop losses) - we should expect a mass chain reaction of these orders setting off one into the next, with increasing speed and momentum of the drop. We do not need a black swan event for this to occur. The orders are already in the chart to allow it to happen, as an adverse consequence to open interest and open traders positions during the last 2 years. There is many confluences to support this correction pattern, if interested in learning more, see my previous posts on Trading View. Enjoy!
Short
by DickDandy
8
Reminder - Bitcoin back below these trendlinesI encourage you guys to draw these trendlines on your chart and experiment by doing some exercises. 1. Draw the main two trendlines. 2. Spend time on each by duplicating it, keeping the angle the same, and moving it to different spots on the chart. Notice how Bitcoin works on this ascending diagonal support resistance structure. You’ll find that the correct trendline can be duplicated infinitely and the price respects it at any point you place it. 3. Notice that price consolidates on these ascending lines. We see breaks above or below depending on the stop losses from futures positions and liquidity that’s collected. In other words, a break above doesn’t invalidate it. 4. Notice that Bitcoin moves above and below these trendlines. 5. It’s in my opinion that THIS is the structure that explains why Bitcoin isn’t moving higher, telling me the market wants to keep price below these trendlines and take back the liquidity in these zones (look at my previous posts for liquidity maps) Personally this is still my trade. God bless and may you live to trade another day!
Short
by DickDandy
BTC FOMC FLASH CRASH / LIQUIDATION IDEAThe FOMC data this week could be a conduit that sticks the price to play down these two trend lines. We can see the mass liquidity on the chart in these low zones. Bitcoins consistent rise since late 2022 has been leaving a train of long stop loss orders (leveraged sell orders) underneath - think of the mechanics of “why it’s possible” as a massive chain reaction of stop losses getting fired off and creating mania and hysteria for further fear based selling. If we see drops to these low zones, I’m presenting the TA evidence of it so that we know it’s not the bottom - but a liquidation move. The worst thing people could do is sell at massive losses thinking BTC is going to zero. I see this move occurring and following that over the next years, a BTC pushing upwards of those $140-$200k zones. The market is interested in reclaiming this liquidity - we are awaiting the conduit or event to justify it. This is my personal trading plan. Happy trading to all and be safe out there.
Short
by DickDandy
DOGE Holding Trendline Support – Another Rally Incoming?$DOGE/USDT is currently holding support at the rising trendline, which has historically led to strong upward moves. Every time the Stochastic RSI formed a bullish crossover near this trendline, the price experienced a significant bullish rally. The Stoch RSI is currently in the oversold zone, similar to previous points where major uptrends started. If history repeats, DOGE could be gearing up for another strong move. DYOR, NFA
Long
by unichartz
6
Gold (XAU/USD) at a Critical Level – Key Zones to WatchCurrently, there is mixed bias in the market. On the higher timeframe (D1), the candle is rejecting with strong momentum, indicating selling pressure. However, there is also a possibility that it is forming a bottom wick, which could lead to a rejection from key levels like 2930. Key Observations: If 2930 acts as support, we may see a bounce, leading to a potential upside move. If 4H sustains below 2930, it could indicate further downside continuation. Trade Setup: 30m 🔹 Buy above 2045 if price shows bullish confirmation. 🔹 Sell below 2030 if price sustains under this level. 📊 Waiting for price action confirmation before entering a trade.
OANDA:XAUUSD
by fxt8
GBP/USD: Bulls in Control… For Now! Key Levels to Watch Hello Folks GBP/USD is holding strong above 1.2533, and I see a potential bullish move toward 1.2805 if momentum continues. But I’m staying flexible—if price breaks below 1.2450, my bias shifts, and I’ll look for downside targets instead. 📊 📍 Here’s how I see it: ✅ Bullish above: 1.2533 → 1.2627 → 1.2650 → 1.2805 🚀 ❌ Bearish shift below: 1.2450 → 1.2378 👀 💡 My Plan: As long as GBP/USD stays above 1.2533, I’m bullish and expecting a push toward 1.2805 📈 If price drops below 1.2450, I’ll reconsider and look for shorts instead 📉 ⚠️ No need to rush—let the market confirm the move!
Long
by QuantumFusion
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.
BITSTAMP:BTCUSDShort
by DickDandy
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!
Short
by DickDandy
Ready to Skyrocket? Story/USDT at Key Level!The chart shows a strong uptrend, respecting an ascending trendline with three confirmed touches (1, 2, and 3). The price is currently testing a minor resistance zone, which has previously acted as a rejection point. At this moment, the price is near the trendline for a potential fourth retest (marked as "4?"). If the trendline holds, it could act as a springboard for another upward move, potentially breaking the minor resistance and continuing the bullish trend.
Long
by unichartz