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TradeCityPro Academy | Dow Theory Part 1👋 Welcome to TradeCityPro Channel! Welcome to the Educational Content Section of Our Channel Technical Analysis Training We aim to produce educational content in playlist format that will teach you technical analysis from A to Z. We will cover topics such as risk and capital management, Dow Theory, support and resistance, trends, market cycles, and more. These lessons are based on our experiences and the book The Handbook of Technical Analysis 🎨 What is Technical Analysis? Technical Analysis (TA) is a method used to predict price movements in financial markets by analyzing past data, especially price and trading volume. This approach is based on the idea that historical price patterns tend to repeat and can help traders identify profitable opportunities. 🔹 Why is Technical Analysis Important? Technical analysis helps traders and investors predict future price movements based on past price action. Its importance comes from several key benefits: Faster Decision-Making: No need to analyze financial reports or complex news—just focus on price patterns and trading volume. Better Risk Management: Tools like support & resistance, indicators, and chart patterns help traders find the best entry and exit points. Applicable to All Markets: Technical analysis can be used in Forex, stocks, cryptocurrencies, commodities, and even real estate. Understanding Market Psychology: Charts reveal investor emotions like fear and greed, allowing traders to react accordingly. 📌 Real-Life Example Imagine you own a mobile phone shop and want to predict whether phone prices will go up or down in the next few months. 🔹 Fundamental Analysis Approach You follow the news and see that the USD exchange rate is rising, and phone manufacturers plan to increase prices. Based on this, you predict that phone prices will go up soon. 🔹 Technical Analysis Approach You analyze past price trends and notice that every year, phone prices tend to increase before the New Year. This pattern has repeated for several years, so you assume it will happen again. As a result, you buy stock before the price hike and make a profit. This example shows that technical analysis allows you to make decisions based on past market behavior without relying on external news. 📊 I ntroduction to Dow Theory Today, for the first part of our lessons, we will begin with Dow Theory, which was developed by American journalist Charles Dow. Many traders still use this method for analysis and trading. Dow Theory is one of the fundamental concepts in technical analysis, developed by Charles Dow, the founder of The Wall Street Journal and co-founder of the Dow Jones Industrial Average (DJIA). This theory provides a structured approach to understanding market trends and price movements and is still widely used today by traders and analysts. Dow Theory consists of six core principles, which we will explain in detail: 📑 Principles of Dow Theory 1 - The Averages Discount Everything (Not applicable to crypto) 2 - The Market Has Three Trends 3 - Trends Have Three Phases 4 - Trend Continues Until a Reversal is Confirmed 5 - The Averages Must Confirm Each Other 6 - Volume Confirms the Trend 💵 Principle 1: Price is All You Need According to this principle, all available information is already reflected in asset prices. This includes economic data, political events, earnings reports, trader expectations, and even market sentiment. If a company releases strong earnings, its stock price might not rise significantly because investors had already anticipated this and bought in advance. ❗ Why This Is Important Technical analysts focus on price movements rather than external news since all information is already factored into the market. Instead of reacting to news, traders analyze historical price trends to predict future price movements. 📊 Principle 2: The Market Has Three Types of Trends Dow Theory states that markets move in three types of trends, each occurring over different timeframes: 1 - Primary Trend: This is the main movement of the market, dictating the long-term direction, and can last for years. 2 - Secondary Trends: These are corrective movements that run opposite to the primary trend. For instance, if the primary trend is bullish, the corrective trend will be bearish. These trends can last from weeks to months. 3- Minor Trends: These are the daily price fluctuations in the asset. Although minor trends can last for weeks, their direction will always align with the primary trend, even if they contradict the secondary trend. 💡 Final Thoughts for Today This is the end of this part, and I must say we have a long journey ahead. We will continually strive to produce better content every day, steering clear of sensationalized content that promises unrealistic profits, and instead, focusing on the proper learning path of technical analysis. ⚠️ Please remember that these lessons represent our personal view of the market and should not be considered financial advice for investment.
Education
by tradecitypro
8
Is the Bull Run Over? BTC to $70K? (#7)Bitcoin has experienced significant volatility in recent days, dropping to the first major support level at $85K. Let’s analyze the key fundamental drivers behind this decline, upcoming triggers, and finally, share a few words for those who faced liquidation or major losses. Fundamental Factors Behind Bitcoin’s Decline In recent days, Bitcoin has suffered a sharp correction, declining approximately 7.1% over the past week, falling from $99,244 to $86,776 . This February 25, 2025, market downturn—dubbed a “market bloodbath”—was driven by a combination of macroeconomic, geopolitical, and crypto-specific factors. Here’s a breakdown: 1. Capital Outflows from Bitcoin ETFs 📉 One of the primary reasons for Bitcoin’s recent decline has been significant capital outflows from Bitcoin ETFs. Reports indicate that over $1 billion exited these funds in the past two weeks, with the worst single-day outflow reaching $583 million . This reduced demand exerted downward pressure on Bitcoin’s price. 2. Strengthening US Dollar (DXY Index) 💵 The DXY index , a measure of the US dollar’s strength, has surged to 106.4385 , its highest level in recent years. Historically, a stronger dollar diminishes the appeal of risk-on assets like Bitcoin. This inverse correlation was a key factor in Bitcoin’s recent selloff. 3. Geopolitical Tensions & Economic Uncertainty 🌎 Recent decisions by Donald Trump’s administration , such as imposing trade tariffs on Canada and Mexico and investment restrictions on China, have fueled market uncertainty. As a result, investors are flocking to safe-haven assets, which has further pressured Bitcoin. 4. Broader Market Volatility & Crypto-Specific Events Stock Market Turbulence: The S&P 500 recorded its worst week since Trump’s inauguration, and the Nasdaq is down 5% from its December 2024 highs. This increased risk aversion has negatively impacted Bitcoin. Bybit Hack & Trust Issues: The recent Bybit hack , where $1.5 billion was stolen, has shaken confidence in centralized exchanges, prompting mass withdrawals. Mass Liquidations: Over the past 24 hours, more than $650 million in leveraged positions were liquidated, amplifying the price drop. Technical Analysis: Where is Bitcoin Headed? 1. Daily Time Frame Analysis 🕵️‍♂️ Bitcoin is now testing a key support zone at $85K. The next critical support lies at $80K–82K, which aligns with major demand zones and historical price action. Bullish Case: If Bitcoin holds above $85K, it could resume the major uptrend and reclaim higher levels. Bearish Case: A break and close below $80K–82K would invalidate the bull run, shifting the major trend to bearish and signaling a deeper correction. 2. Bitcoin Dominance (BTC.D) & Altcoin Market 📊 BTC.D remains elevated, meaning capital is concentrated in Bitcoin rather than altcoins. However, if BTC consolidates while BTC.D drops, it could trigger an altcoin season. In contrast, if Bitcoin breaks below $85K, short setups on altcoins become highly attractive. 3. Trading Strategy & Next Steps For Bulls 🐂: Look for bullish confirmations above $85K with proper risk management. For Bears 🐻: Wait for a confirmed breakdown below $80K–82K before entering short positions. Altcoin Traders 💎: If BTC finds support, focus on potential altcoin bounces; if BTC breaks down, short weak altcoins. Final Thoughts: A Message for Those Facing Losses Many traders faced liquidations or heavy losses during this drop. If you’re among them, take a deep breath— this is part of the trading journey. Every successful trader has gone through periods of adversity. Learn from your mistakes, refine your risk management , and move forward smarter. This is not the end—it’s just another phase of the market cycle. Stay patient, stay disciplined, and keep growing. I’m Skeptic , and I’ll see you in the next analysis! 🔥
by SkepticWise
1
TradeCityPro | Bitcoin Daily Analysis #17👋 Welcome to TradeCity Pro! Let’s move on to the analysis of Bitcoin and key crypto indices. As I mentioned yesterday, there was a possibility that the market would undergo a correction and start ranging, and that’s exactly what happened. ✨ The price hasn’t changed much compared to yesterday, and the short positions we opened remain open for now. There’s no need to take profits yet. Let’s analyze the market to identify today’s triggers or the ones that might signal when to take profits on previous positions. ⏳ 1-Hour Timeframe As you can see in the 1-hour timeframe, after the price formed a base at 87,700, it entered a ranging phase. The RSI, after being rejected multiple times from the 30 level, has finally exited the oversold zone and has now reached 50, indicating that the bearish momentum has slightly weakened. ⚡️ The current minor resistance is at 89,458, and if the price closes above this level, we can take partial profits on our short positions, securing the desired profit from this market move. 👀 However, as you can see, I have placed a Fibonacci retracement on the chart since the price completed a bearish leg and, after reaching the 82,770 low, this bearish leg can be considered complete. Now, we are in a correction phase. As you can see, the price has not even retraced to the 0.382 Fibonacci level yet, forming a lower high below this zone. 🔼 This indicates that buyers are weak in the market, and sellers remain in control. If the price closes above 89,458, the likelihood of deeper corrections increases, which could extend to the 0.5, 0.618, or even 0.786 Fibonacci levels. 🧲 A crucial point about this Fibonacci retracement is the zone between 0.5 and 0.618, where the price has already reacted in the previous bearish leg. More importantly, the 92,433 support that was broken aligns with the 0.618 Fibonacci level, making this zone a critical PRZ (Potential Reversal Zone). 🔑 If the price breaks below 87,070, you can enter a short position, but for longs, I suggest waiting until the price forms more structure and buyers step into the market, leading to bullish momentum. 👑 BTC.D Analysis Let’s move on to Bitcoin dominance analysis. As I mentioned yesterday, BTC dominance got rejected from 62.19, and I had said that a bearish trend was likely. That’s exactly what happened, and after BTC dominance broke below 61.49, it moved downward in a bearish leg to 60.91. Now, it is in a corrective phase. 💫 The confirmation of further downside for BTC dominance will come if it breaks below 60.91, which could trigger the next bearish leg. Currently, I do not have any bullish triggers for BTC dominance except for a reclaim of 61.49. However, since the structure is still forming, we need to wait before considering any bullish trigger. 📅 Total2 Analysis Now, let’s move on to Total2. As I mentioned yesterday, the 1.16 level was broken, and a new support formed at 1.07. As you can see, Total2 has retraced more significantly than Bitcoin, correcting almost to the 0.382 Fibonacci level. 🎲 The reason for this deeper retracement is that Bitcoin dominance has been declining—more money has exited Bitcoin than altcoins, allowing altcoins to recover more than Bitcoin. 🔫 In Total2, we also have a major resistance zone between the 0.5 and 0.618 Fibonacci levels, similar to Bitcoin. In general, both Bitcoin and Total2 have a critical resistance zone between their respective 0.5 and 0.618 Fibonacci retracements. 💥 Currently, the key resistance is at 1.13, and if the price breaks this level, it could move towards the resistance zone. However, for short positions, if 1.07 is broken, you can enter a short trade. ✅ Be mindful of BTC dominance, as it is currently in a downtrend. If BTC.D continues to decline, shorting Bitcoin may be a better choice than shorting altcoins. 📅 USDT.D Analysis Now, let’s analyze USDT dominance (USDT.D). Yesterday, it made a fake breakout above 5.04 and then reversed sharply downward, failing to hold the resistance. However, it has not yet formed a clear structure, so it’s too early to make any strong conclusions. ⭐️ I recommend avoiding opening new positions in the market for now and refraining from high-risk trades. The main trade opportunity was already provided when Bitcoin’s range broke down, so if you missed it, do not let FOMO push you into a trade. Avoid making rushed decisions that could put your capital at risk. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
1
XAU/USD Pullback or Reversal? Key Support Zone in Focus!📊 Gold (XAU/USD) Daily Chart Analysis – Feb 16, 2025 🔹 Current Price: $2,882.48 (-1.57%) 🔻 Recent High: $2,939.98 🔻 Recent Low: $2,877.03 🔴 200 EMA: $2,562.04 (Long-term support) 🧐 Key Observations: ✅ Strong Uptrend: Price has been in a bullish trend since late 2024. ✅ Support Zone: A key demand zone around $2,850 - $2,870 (highlighted in blue). ✅ Trendline Retest: The price is testing the trendline, which could act as support. 📉 Possible Scenarios: 🔹 Bullish Case: If buyers step in at the support zone, we could see a bounce towards $2,950 - $3,000 🚀. 🔹 Bearish Case: A breakdown below $2,850 may trigger a deeper pullback to $2,800 - $2,750 ❄️. 🎯 Trading Plan: 📌 Buy Setup: Look for bullish confirmation (e.g., reversal candles) in the support zone before entering long. 📌 Sell Setup: If the price closes below $2,850, short positions could be considered with targets near $2,750. 🔥 Final Thoughts: Despite today’s pullback, gold remains bullish unless key support levels break. Watching price action around the blue zone will be crucial! 📢 Traders, what’s your take? Are we bouncing or breaking down? Let’s discuss! 👇💬 #Gold #XAUUSD
OANDA:XAUUSD
by MrStellanSight
Bitcoin is Bullish now & many Traders don't see it !!As you can see, in the previous Correction of Bitcoin, Bitcoin dropped by about $25,000 and then experienced a potential growth. Now, the price has fallen by about $25,000 from its all-time high (ATH) until now. If we consider the previous correction of Bitcoin, this could be a very strong signal for an increase in Bitcoin's price. What do you think about it ? _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Give me some energy !! ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ❗Disclaimer ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!! Best regards CobraVanguard.💚
Long
by CobraVanguard
7
TradeCityPro | Bitcoin Daily Analysis #16👋 Welcome to TradeCity Pro! Let’s move on to the analysis of Bitcoin and key crypto indices. Yesterday, Bitcoin experienced a very sharp and intense bearish move. If you have been following the analysis, you probably already had a short position. I’d be happy if you share the positions you opened in the comments. ⏳ 1-Hour Timeframe Well, in this one-hour timeframe, as you can see, the price finally broke the 95,108 level, and as I have mentioned in several past analyses, this level is much more important than 92,702 for us. The reason is that the reactions that the price has had to this level have been far more significant than 92,702, making it a very important support. 📉As you can see, with a candle closing below this level, this trigger was activated, and the price made a downward move. The next trigger at 93,899 was broken, and eventually, after breaking 92,702, the price started its next bearish leg. At present, the price has found support at 88,229, and we are witnessing a green 1-hour candle. 🔄 The positions that we could have opened earlier were with the break of 96,205, which we opened a position for, and the next key levels yesterday where we could have opened positions were 95,108 and 93,899. I hope you opened these positions and made a profit. 💥 At present, the RSI indicator, as you can see, is deep in oversold territory and has formed a double bottom in the oversold area. If it finally exits the oversold zone and moves above 30, this double bottom will be activated, and we can say that the market momentum is shifting out of its bearish phase and may enter a ranging phase. ⚡️ Today, I cannot provide any trade triggers. Yesterday was the key day to enter positions. However, the current support level is 88,229, and the recent high is at 92,444. 🧩 I have nothing more to say about Bitcoin. We have a bearish leg with good momentum, and we need to wait for the price to create a structure before we can analyze Bitcoin again. 👑 BTC.D Analysis Let’s move on to Bitcoin dominance. As you can see, yesterday, BTC dominance closed above the 61.49 level, and after a pullback to this zone, it made a sharp move up to 62.19. It even surpassed our 62% target, forming a top during Bitcoin’s first bearish leg. ✅ However, during the second bearish leg that the market experienced, BTC dominance declined, which caused Bitcoin to drop more than altcoins in this move, whereas in the first leg, altcoins had dropped more than Bitcoin. So, in a way, we can say that both had almost the same proportion of decline. 💫 BTC dominance seems to have formed its top at 62.19 and could now range between 61.49 and 62.19. 📅 Total2 Analysis Now, let’s move on to Total2. Yesterday, the 1.19 trigger was activated, and another key level that was broken was 1.16, and with the break of either of these levels, you could have opened a position. At present, the price has reached 1.07. ⭐️ There is not much else to say about Total2. We need to see at what level it will form its bottom and what kind of structure will be created for either a correction or the continuation of the bearish trend. Currently, the most important support level is 1.07, which the price has reacted to multiple times in the past. 📅 USDT.D Analysis USDT dominance, after closing above 4.62, successfully held above 4.75, which was the main resistance for USDT.D, and then made a sharp upward move. Currently, it has reached 5.04, which is a very important historical level, and has shown a reaction to it. 🔫 There isn’t much to discuss about this index, and overall, there isn’t much to analyze in the market today. Most of today’s discussion is about the positions that could have been opened and the profits that could have been made, which I already covered in Bitcoin’s analysis. 🧲 For now, we need to wait until the market forms a new structure, and once that happens, we can look for the next trade setup for the next major leg. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
by tradecitypro
10
GBPUSD - now current support? HOLDS OR NOT?#GBPUSD.. perfect move from final bottom as we discussed in our last idea, and market continue holding his immediate bottoms. now market made his current supporting region that is from 1.2590 to 1.2630 around that 40 pips region will be our most important supporting region for current week. keep close that region and only holds your buying positions above that and keep in mind. we will go for CUT N REVERSE below that region on confirmation. good luck trade wisely
by AdilHussain731333
TradeCityPro | KSM: Accumulation or Breakdown Ahead?👋 Welcome to TradeCity Pro! In this analysis, I want to review KSM for you. This project is one of the platforms within the Polkadot ecosystem and currently ranks 157th on CoinMarketCap with a market cap of $289 million. 📅 Weekly Timeframe On the weekly timeframe, we observe a consolidation zone ranging from $15.36 to $55.85. The price has been fluctuating within this range for over two years. By comparing the weekly chart with Bitcoin’s chart, we can see that the KSM/BTC pair is in a downtrend, making it currently not a good buy against Bitcoin. 🔍 However, if we analyze this chart independently, if the price bounces off the $15.36 support and starts moving upward, we can consider buying if it breaks out of the upper box limit. In that case, we can confirm that this two-year range was an accumulation zone, leading to a long-term bullish trend. 📊 The buying volume within this range has been higher than selling volume, which can be a positive sign for buyers and increases the chances of an upward breakout. However, the bullish legs have been relatively short-lived, while the bearish legs have followed more technical and structured movements. 🚀 If the price breaks out of the range to the upside, the technical targets would be $177.68 and $530.43. This means a significant amount of capital would need to enter this coin, which seems unlikely at the moment. ❌ On the other hand, if the price breaks below the range, there will be no significant support left, and we will need to see where the new historical bottom forms. 📅 Daily Timeframe On the daily timeframe, as you can see, the price failed to reach the upper boundary of the range at $60.88 during its last bullish leg and got rejected at $51.21, initiating its downtrend. The price has since moved within a descending channel, approaching the bottom of the range. ✅ Yesterday's candle was heavily rejected from the mid-line of the channel, engulfing all recent candles from the past few days. This indicates strong selling pressure, which could initiate a much deeper downtrend. 📉 If the price breaks below the channel, the downtrend momentum will intensify, potentially leading to a parabolic bearish move for KSM. The key trigger level for confirming a parabolic downtrend is $16.08, and if this level is breached, we can expect a new bearish phase. 🧩 However, if the price breaks above the channel, the current breakout trigger is $22.37. A break above this level could be a buy signal for a long position. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
6
TradeCityPro | ENSUSDT Better Status Than Altcoins👋 Welcome to TradeCityPro Channel! Let's go together with one of the popular layer two coins that works in domain and address naming services for wallets and recently announced that it will launch layer two soon 🌐 Overview Bitcoin Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together. This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames. 📊 Weekly Timeframe On the weekly time frame, ENS is one of the bullish coins in the market that has a good situation ahead and has started its main upward movement before the start of 2025 and in late 2023 After the start of the main movement after the 9.99 break, we started our main upward trend and we can say that we broke our ceiling in terms of market cap and made a new ATH market cap We are also on a curve line that is bullish and supportive in nature and if this line is broken, it shows us that the main upward trend has weakened and if we go below 15.90, we will see a trend change in MWC For re-entry, the 47.68 break is an interesting trigger and you can buy again and if the exit trigger is below 15.90, you can exit and for now, I recommend You can't buy in this time frame 📈 Daily Timeframe In the daily time frame, however, it has held its own more than the rest of the altcoins and is suffering in its daily box between 24.78 and 27.55, which happened after the rejection at 47.68. Also, in this time frame, we have a trend line that if the price reaches it, we will have the possibility of reacting and we will use it as a tool to save profit in the lower time frame if we react to it. Also, the rejection candle that closes from this resistance at 27.55 in the same way, we will have the possibility of continuing the downtrend, and if 24.78 is broken, we can move towards 20.81 and 15.90. And for buying, if this support is faked or the 35.98 trigger is activated, I will buy, and in this box, I will only I trade in futures ⏱ 4-Hour Timeframe In the four-hour time frame, what happened is that we faked the resistance above the box, which increases the probability of breaking the support floor 📉 Short Position Trigger you can open a position with this four-hour candle as a guide, but on the other hand, it is better to wait for the support to reach 24.79 and the reaction from it and then follow its breakdown 📈 Long Position Trigger we need to return to the ceiling again for now, and if we return above the support level sooner, we can think more about breaking 27.91 and open a more confident long position 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends!
Long
by tradecitypro
3
Bitcoin Holds Strong: $100K Breakout or Pullback Ahead?#Bitcoin Update Bitcoin remains in a tight consolidation phase after rebounding from key support. Support at $93,700 Holding: BTC has successfully defended the ascending trendline and 200 EMA, showing strong buyer interest around this level. Range-bound movement: The price continues to hover between the ATH resistance and the lower support, forming a key accumulation zone. Breakout Watch: A daily close above the $100,000 resistance could lead to a breakout, while a failure to hold support may trigger a correction. Traders should keep an eye on BTC’s next move, as volatility could increase soon. DYOR, NFA #BTC #Crypto
Long
by CRYPTOMOJO_TA
2