Trend
EURUSD - Wait For The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈EURUSD has been overall bearish trading within the falling channel marked in orange.
Currently, EURUSD is approaching the upper bound of the channel.
Moreover, the zone marked in blue is a massive supply zone.
🏹 Thus, the highlighted orange circle is a strong area to look for sell setups as it is the intersection of the supply zone and upper orange trendline acting as non-horizontal resistance.
📚 As per my trading style:
As #EURUSD is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Short term bullish on BTCShort-Term View (Bullish Bias):
BTC is trading above a key support zone near 57,500, marked by the green zones and general upward movement, suggesting some accumulation and momentum in favor of buyers.
If the price continues to hold above the 57,000 level, we could see BTC retesting and possibly breaking the previous high at 58,121 (shown in the top right).
As the price is above the cloud and near-term moving averages, traders might look for buy opportunities on pullbacks towards 57,250 to 57,500.
Pullback Scenario:
In case of a pullback, BTC may revisit the support region near 56,750, which has been a zone of previous price action. Traders could look for long entries if price consolidates or bounces from this level, aiming for a re-entry into the previous high.
Risk to Watch:
A break below 56,750 could shift the momentum towards a bearish tone in the short term, making the next likely support around 56,000.
Stop-losses should be placed below key support levels, like 56,500 or even below 56,000, depending on the risk appetite.
General Movement Expected:
Upward Continuation: Given the bullish sentiment on the chart and the fact that BTC has held well above key support zones, a move towards 58,500 and beyond seems likely if buyers maintain control.
Range-bound Correction: Alternatively, if momentum falters, BTC might enter a consolidation phase between 57,000 and 58,000 before making the next decisive move.
Trading Idea (Educational Purpose):
Bullish: Traders could consider long positions on pullbacks to the 57,250 area, with targets set around 58,000 and 58,500. A tight stop should be placed below 56,750.
Bearish (Only if Key Levels Break): If BTC breaks below the 56,750 support, short positions could be considered, targeting the next key level near 56,000.
This chart suggests that BTC is currently showing bullish momentum. Traders could look for long opportunities on retracements, but caution is advised if key support levels break.
EUR/PLN Bearish Momentum Building Below 200 EMA
⚫Back in April 2024, the EUR/PLN pair tested the 4.2500 support zone, where a triple bottom was established. Over the past five months, the price has consistently failed to break below this level. Simultaneously, we can identify a resistance area near 4.3750, where a double top was formed, indicating a clear trading range between 4.2500 support and 4.3750 resistance—a classic example of range trading.
⚫Looking at the broader picture, in January 2024, the 4.4100 area, previously a support level, flipped to become resistance, confirming the continuation of a long-term bearish trend. Additionally, EUR/PLN remains below the 200 Exponential Moving Average, further reinforcing the likelihood of continued downward movement.
⚫Recent price action, particularly from an Elliott Wave perspective, suggests the formation of an ABC corrective pattern, which was halted at the 4.3311 resistance level, precisely aligning with the Volume Profile. (For those unfamiliar, the Volume Profile highlights the price level where the most trading volume occurred.)
⚫Analyzing the potential Elliott Wave count, EUR/PLN appears to be progressing into the strongest downward wave—wave 3. Overall, the technical outlook remains exceptionally bearish for the long term. As a downside target and potential final support for the 5-wave decline, we can consider the double 227.2% Fibonacci support, located around the 4.1425 area.
⚫While the odds strongly favor the downtrend, it's crucial for traders to remain vigilant. In the event that the price breaks above the 4.3750 resistance, it could signal the beginning of a shift from a bearish to a bullish trend.
Forex Analysis: Super Clean Double Top Setups in GU, GJ, and EJIn this forex analysis video, we'll be discussing the market movements of the euro (EU), the British pound (GU), the Japanese yen (GJ), and the euro yen (EJ).
EU: No narrative setup was identified due to the failure of the 15m entry to bounce twice and form a double top before the price decline.
GU: A super clean setup was identified. Price bounced on the previous day's high and formed a double top entry on the 15m timeframe.
GJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe.
EJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe.
GOLD h1 chart analysis 100%Follow the instructions.
If the price consolidates between $2502 and $2505, gold may touch the $2494 level before bouncing back to $2528. A break above the strong resistance level could potentially send gold to new all-time highs (ATH).
Bullish Opportunities:
1. 2500 - 2502
2. 2477 - 2487
Bearish Opportunities:
1. 2510 - 2512
2. 2546 - 2560 (Only if the Strong resistance level Breaks and Gold Reaches its new high).
Possibility:
waiting for geopolitical situation as it getting worsting.
I'll Update as it needs to be updated.
Use proper risk management Or money management and follow my instructions properly.
Don't forgot to support by liking or following!!
APEX - PUMP +50%?I found a coin that had been sold off for a long time. Now, what caught my attention is the local trend — accumulation near the resistance level, and also a descending wedge, which I haven't seen in a while. For me, this is a long-term position, possibly for 2-3 weeks or more, but I would lock in 50% of the profit.
GOLD Prices : Bounce Back or Drop Further!Hello traders! My technical indicators and analysis suggest that gold is likely to be a buy if it breaks out above the level of 2497-2498 and subsequently retests this level as support. On the other hand, if gold breaks down below the support level of 2493-2494 and then retests it, we may consider a potential sell opportunity, similar to yesterday.
USOIL - Retest at 76.55 Before Bullish Momentum Aims for 79.49 Market Update: Retest and Bullish Continuation Expected
The price has already reached the resistance zone at 77.95, as noted in our previous analysis. Now, the price is expected to retest the 76.55 level before resuming its bullish trend towards 79.49.
Bullish Scenario:
For the bullish trend to continue, the price should stabilize above 77.94, targeting 79.49, with further potential to reach 80.73.
Bearish Scenario:
If the price stabilizes below 77.94, it could support a decline toward 76.55 and possibly down to 73.35.
Key Levels:
- Pivot Line: 77.94
- Support Levels: 76.55, 75.35, 72.72
- Resistance Levels: 79.49, 80.73, 82.20
Today's Expected Range:
The price is anticipated to move between the support at 75.35 and the resistance at 82.20.
The Ultimate Bitcoin Guide - All You Need to Know Right Now!Welcome Future Demons
Let me start by telling you about my mission. I'm here to serve you. I'm here to make you a better trader.
I will do so by exploiting the grim secrets in the markets, the plausible movements, the market psychology and all the whale-manipulation.
I will all the time remind you about the importance of mindset and money protection.
The Beginning
I will start making some predictions about the market first. I will use Bayesian Reasoning/Statistics to put credence on the different scenarios.
I get the output numbers after weighing my TA combined with geopolitics, and market- and whale psychology.
I want to make it clear, that I never make any trades alone from these Bayesian Scenarios, nor should you, but they will always serve as a fundament for my trades.
The Predictions
The 2 most important mid term scenarios to be aware of:
1. We will go up around 85k in this cycle, but we will not surpass 100,000 USD. Hereafter we will go below 30k. Bayesian 62 %.
2. We will not get a new ATH, and we will go down below 30k now. Bayesian 38 %.
"Long" Term Prediction:
3. After we hit 30k USD, not only crypto, but also stocks will go into a hard bear market, and we will see a Depression similar to in the 1930s.
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Why?
Mid-term:
1. The crypto market has been behind the stock market for a long time. In fact it has been pretty much ignored due to all the money, whales have been making in especially AI, pharma and war (E.g. Nvidia, Apple, Microsoft, Lockheed, Novo Nordisk). Both Apple, Microsoft and NVIDIA have market caps above 3 T USD compared to cryptos total Global Market Cap at 2 T USD.
Therefore when the stock market soon will collapse it's not unlikely that some of the money will enter especially BTC. I will predict that most will go into Gold though.
2. 100k in this cycle is unlikely due to the psychological nature of the number 100k. Bitcoin is simply not ripe enough for such a high price. Ask your self, your friends or any retailer if they are ready to buy BTC at 100k?
Exactly. Remember that whales don't make money by pushing the price as high as possible. To make money, they need to sell at a price which requires buyers.
What most likely will happen is, that the whales will try to push the price to squeeze the last money out of retailers. Retailers will FOMO in all the way below 100k hoping for a miracle to occur, but around 85k-90kish, boom, the whales will start to schock mass sell.
3. That we will go below 30k in this cycle is super likely. History repeats it self, and Bitcoin usually drops at least 80 % every cycle.
"Long" Term
1. We haven't had a real bear market for 15 years in stocks. Usually we have one every 7 years. We have never before seen such a rise. FED has been printing money like crazy just to give them out to private banks and hedge funds, so they can buy more stocks, and bait retailers into buying more and more.
Soon the same whales will mass sell, and become even more rich while the poor will be more poor. The gap between rich and poor is now even bigger than before, which is a catastrophe for all low- and mid-income people, since it will lead to hyperinflation, and eventually a depression for at least a couple of years.
That is also why you need to be aware of it, and if you are in the markets atm you should consider to secure some of your money asap. Then you just wait for the depression phase, where you slowly can start to accumulate again. Don't be greedy, my friends.
What should You do now?
Right now the best thing is to stay out of the market. The price is dancing around 57k, and we are in a big liquidity zone, where we can expect a lot of fluctuation.
Whales love these zones, and will always try to steer the market towards them, cause they only are able to make money here. It requires zones of lots of money to make lots of money - remember that. They will continue to go up and down as long as they can to liquidate retailers.
If we make a higher high at 70k, you can go long.
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I will soon also give you concrete trading ideas too. Please follow me - it will make me happy.
Kind Regards
Laplace's Demon
PS. Remember to be grateful for the small things in life, and strive not to focus on what you don't have.
BTC/USDT NEW ENTERY TO 65k+BTC has a signal long-term breakdown trend but is still able to make a new entry to 65K again since the trend still has not made the confirmation of the breakdown trend.
Can BTC have a new volume that will bring BTC to 65K again?
This is exactly what we will follow in the coming time frames.
The best studies are made with the moment live data follow.
At this moment the data shows there is a good possibility, to confirm this we should follow the trend with time since it can change.
The key is to change with the trend and to expect nothing from ourselves, only what the data shows.
The momentum data shows positive BTC from 59k
Xauusd buy confirm signal Gold has been considered a highly valuable commodity for millennia and the gold price is widely followed in financial markets around the world. Mostly quoted in US Dollars (XAU/USD), gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable safe-haven. It's traded constantly based on the intra-day spot rate. Improve your technical analysis of live gold prices with the real-time XAU/USD chart, and read our latest gold news, expert analysis and gold price forecast.
Gold now buy 2519
Support 2530
Support 2535
Resistance 2512
Resistance 2505
CADCHF - Trend ContinuationThis is a downtrend continuation trade I'm eyeing over on the CADCHF pair. Although the ADX is declining, I think this is a small pause before we see momentum accelerate again. Price failed to reverse to the upside and I'm timing this entry as price breaks below new lows.
TP: 75 pips (2x ADR)
SL: 30 pips
EURUSD 26/8/24Coming into this week, we maintained a very clear bullish directional bias that we identified last week in our analysis. We do not expect this bias to change suddenly. You can see in our chart that we have a straightforward idea, which is a continuation of the trend from the similar trajectory we established last week. However, if the price sells off, giving us a significant pullback within the higher time frame range, it could change the outlook. If we take out the low marked on our chart, it will indicate a higher probability of a move toward lower prices, taking us down into the higher time frame area of demand.
We’ve only marked one order block within our current range because it’s the only one available. Any other order blocks on the sell side will need to be created before we can consider them, which is why they are not included in this week’s analysis. Overall, our bias is long, and we’re looking for an interaction with either the established trajectory or the area of demand just below it. If we break down out of this range, we’ll look for lower prices, and our bias will shift to short-term bearish. However, our daily time frame still shows a clear bullish momentum, and we aim to follow this.
Trade safely, stick to your risk management, and always follow your plan.
BTC - Bullish Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC has been overall bullish, trading inside the rising wedge channel in brown.
Yesterday, after Jerome Powell's speech, BTC jumped above the $60,000 zone.
🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline acting as a non-horizontal support.
📚 As per my trading style:
As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPUSD - Bearish Soon...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per my last analysis, GBPUSD rejected the lower bound of the medium-term trendline and traded higher.
What's next?
GBPUSD is currently hovering around the upper bound of the green and orange channels.
Moreover, it is retesting a weekly major high marked in blue.
🏹 Thus, the highlighted green circle is a strong area to look for sell setups as it is the intersection of the trendlines and major high.
📚 As per my trading style:
As #GBPUSD is hovering around the circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich