Trend Analysis
Advance analysis and strategic layout of gold next weekThe intensified conflict between Russia and Ukraine over the weekend and the surge in risk aversion may stimulate the continued rebound of gold to a certain extent. Gold closed at around 2858 on Friday. Gold may continue to rebound on Monday next week under the influence of risk aversion, so we will focus on the 2870-2880 area next.
If gold still cannot break through the 2870-2880 resistance area even under the influence of news, then the structural peak of gold will be strengthened and confirmed again, and gold will continue the bearish trend under the suppression of the technical structure. So at the beginning of next week, we might as well consider using the 2870-2880 area as resistance and try to short gold first.
Ethereum at Key Support Zone: Is a Counter-Trend Setting Up?Ethereum (ETH) is currently in a strong bearish trend 📉, but it has traded into a key support zone 🛑 and seems overextended, in my opinion. Looking at the price action and market structure on the daily and four-hour timeframes, we’re now seeing Ethereum form higher highs and higher lows on the four-hour chart 📊. While it’s still early, if we see a break above the current range high on the four-hour timeframe, there could be an opportunity for a counter-trend trade 🔄, targeting equilibrium ⚖️ and a previous imbalance highlighted in the video. As always, this is for educational purposes only and should not be taken as financial advice 💡.
Buy the Dip $TSLANASDAQ:TSLA
Target TP: $414
Support: $292
Support 2: $269
SL: $209
Narrative:
1. Historically, TSLA stock price intersect with 200 EMA always reacted by a significant revamp.
2. Latest PCE report signaled a very strong growth in Automotive sector.
3. Short-Selling primarily driven by investor sentiment and materialization of long-dated long position, which is non related to fundamental business of Tesla's core value.
4. by April is Earnings report of Q2 2025 for Tesla. Tesla stock always respond highly volatile to the earnings report.
5. Strong uptrend support in Daily candle accompanied with major Fibonacci support range.
Bitcoin's Next Move: More Downside or a ReboundBitcoin (BTC) has recently experienced a significant decline, dropping below $90,000—a 20% decrease from its all-time high of $109,000 last month. This downturn is primarily attributed to concerns over U.S. economic instability, particularly inflation and trade policies.
INVESTOPEDIA.COM
President Trump's confirmation of tariffs on Mexico and Canada has exacerbated these worries, potentially sparking inflation. Investors are closely monitoring inflation data, as higher inflation could prevent the Federal Reserve from reducing interest rates, affecting investments in higher-risk assets like cryptocurrencies.
INVESTOPEDIA.COM
Additionally, a recent $1.5 billion Ether theft from the Bybit exchange has heightened fears about the security of digital asset platforms. This incident has contributed to the overall market instability, leading to substantial declines in major cryptocurrencies, including Bitcoin.
NYPOST.COM
Despite these setbacks, some experts remain optimistic about Bitcoin's long-term potential. Standard Chartered predicts that Bitcoin could reach $500,000 before President Trump leaves office, indicating a bullish outlook for the cryptocurrency.
REUTERS.COM
In summary, while Bitcoin has faced recent declines due to economic concerns and security issues, some analysts maintain a positive long-term outlook, suggesting potential for significant growth in the future.
ALIBABA WYCKOFFHello
Here I present my possible idea of an accumulation campaign that has lasted almost 3 years and now ends with a brake out, being able to buy back when it reaches the upper level of the campaign around 118 usd.
It is somewhat unclear what the climax would be but it is a clear example of absorption volumes.
Gold to print historic 30% correction?On the above 2 week chart Gold price action has completed the much anticipated Cup and Handle forecast to $2700, which was where Without Worries dabbled with a “short” position and was promptly stopped out much to the bugs delight.
Price action has rallied 180% since the 2016 lows, amazing. The increased Money supply / Money printing is the reason I’m often given for this historic rally. The facts are the money supply has increased 68% since the 2016 lows and not 180%, which would price an ounce at $1750 today. Now I know someone will be quick to comment my being selective with dates. To that end we can go back further, 18 years since that fits over the well understood business cycle, which is approaching its peak. Since 2007 money supply has increased 195% with Gold price action 400%. This is a bubble.
This idea is not about fundamentals however, it is technical only.
1) Price action is in bubble territory. Look left, 50% above the 5 week Gaussian channel saw corrections of at least 30%.
2) Price action on the 2 week chart prints the strongest negative divergence since the positive divergence in December 2013 at 1190 an ounce.
3) The $2000 support breakout has never confirmed support.
4) On the weekly chart a bearish engulfing candle prints as price action enters the Bollinger Band. A correction to 2730 is now highly probable.
Is it possible price action continues up? Sure.
Is it probable? No.
Ww
5 week Gaussian channel
Weekly bearish engulfing
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!
After years of painAfter years of pain, I see a large rally incoming very soon. Whilst I personally don't see it doing a complete reversal to where it makes ATH's, I can see it pumping a fair bit and then inevitably crashing back down.
As you can see on the RSI, I've circled areas of where it reached these oversold zones 3/3 we've seen a sizable pump, one of which being crazy. I see a pretty much guaranteed pump IMO, how big? Who knows.
Quick draw upI did quick and simple T/A and in my opinion seems to be the likely outcome. EMA lines are about to cross, it has made a lower low, which has now flipped the Fibonacci and likely to get rejected at the 61.80% - 50% range. The path lines aren't placed specific to the timeframes so ignore that it stretches way into 2025.