Trend Lines
golden channel gold price are going up inside a yellow parallel channel
price is making higher highs with higher lows so technically it is up trend until lower trend line breakout
price not only testing upper line of channel it is also testing big psychological level $2800 near upper trend line
today is last day of October month
tomorrow we will have last nfp number before election
just few working days before usa election results and fed rate decision
BICOUSDT analysis (1H, 1D)I've done a NEIROETHUSDT analysis in the recent past,
and one thing I learned from it was that we should never overlook the volume .
We look at the BICOUSDT chart here and similarly we see a big volume in recent hours.
The red line represents the resistance line of the downtrend from 1D chart.
The downtrend has been continued for last 6 months ,
and we can see that this line has had a lot of price actions since this March - making it very important & historical.
And now, we see the price approaching the line again,
but this time it is exceptionally aggressive - the candle is tall, the volume is nothing like we've seen in past 2 months.
Going back to the 1H chart, we can identify the supply zone just before the aggressive climb takes place.
We can rely on this zone because it has shown numerous price actions in the past - whenever the price steadily declined down to the zone, it has shown reversal of trend.
The only time it did not respect the zone was this - a massive bearish candle delivered by the volume spike - almost 50 times higher than the previous one.
When the price moves aggressively like this, we cannot expect reversal to happen: this is why we always enter AFTER confirming the reversal.
The price is now being retested in 0.22 - 0.23 zone.
One strategy we might use here is good old 'liquidity grab' strategy.
The principle of this strategy is catching the false breakout of the liquidity grab line and enter short when we confirm reversal of the trend.
Momentum Oscillator will help us in confirming the reversal.
HOWEVER, the unusual volume spike in recent candles could make such approach risky.
Although it might be profitable temporarily, it is definitely not in long term. (At least we cannot expect it to be.)
Considering two factors - one, price is very close to the resistance line of the downtrend with high volume and two, BTC is on an uptrend as US election nears:
these could mean that BICO is ready to stop the 6-months downtrend and reverse into an uptrend.
When price is being this aggressive, it might not respect any zones, lines or levels.
BTC movements are also very unusual.
Back to BICO:
And just as it shows in its history, it doesn't mess around in an uptrend.
Stay tuned!
BITCOIN BULLISH MOMENTUM IN WEEKLY!!!! The weekly BTC/USD chart above shows an Bullish Flag pattern, where Bitcoin’s price is trending upward within parallel support and resistance lines (yellow lines). This pattern often suggests a potential breakout if the price manages to break above the channel’s resistance.
To set Fibonacci targets in the range of $90,000 to $100,000, let’s add levels that align with that price zone:
1. 150.00% ($90,000) - This can act as a strong psychological level within the bullish move, marking the start of the $90k range.
2. 161.80% ($94,407) - A common Fibonacci extension level that is close to the midpoint between $90k and $100k.
3. 175.00% ($100,000) - Reaching this level would mark a major milestone and could trigger significant profit-taking.
These Fibonacci targets highlight possible resistance areas for Bitcoin within the $90k - $100k range, especially if momentum remains strong.
This pattern suggests Bitcoin could keep climbing if a breakout happens, with these Fibonacci levels as possible profit-taking points.
Has the EURUSD trend reversed?Tomorrow, job data is expected, and next week, the U.S. elections take place.
These events will lead to increased volatility and unexpected market movements.
Yesterday, EURUSD rose to 1,0871, breaking previous highs and reversing the trend on the H1 chart.
Other instruments to watch for potential trend reversals include GBPUSD and AUDUSD.
GbpUsd- Preparing for reversalAs I mentioned last week, I’m closely monitoring the GBP/USD pair for a potential upside reversal.
This expectation is based on the recent overlapping decline, which is contained within a channel, as well as the proximity to a significant support level.
In recent days, the pair hit a local low of 1.2912 before reversing toward 1.3000 and beginning a consolidation phase.
I believe it’s only a matter of time before GBP/USD clears the 1.3000 mark, potentially accelerating toward a target around 1.3150.
BTC TO 99K OR MORE?Its indeed UPTOBER, BTC Broke the Trend to the upside, I'm excited to see this progress and US Election is on the way. This will be the era of the Crypto Elections. Lets see how this unfolds.
GBPUSD InsightHello, subscribers! It's great to see you all. Please feel free to share your personal opinions in the comments. Don't forget to like and subscribe.
Key Points
- Preliminary German CPI rose by 2.0% year-on-year, exceeding expectations and the previous month's figure.
- U.S. Q3 GDP grew by an annualized 2.8% quarter-on-quarter, falling short of market expectations.
- U.S. ADP private employment increased by 233,000, surpassing both market expectations and the previous month's revised figure, raising anticipation for this week’s Non-Farm Payrolls and unemployment rate data.
- ECB Executive Board Member Isabel Schnabel stated that the fight against inflation continues, and a gradual approach remains appropriate to remove policy constraints.
- The Fed has entered its blackout period, and the CME FedWatch tool reflects a 96.1% chance of a 25 bp rate cut at the November meeting.
Economic Indicators
-October 31: Bank of Japan rate decision, Eurozone October Consumer Price Index, U.S. September Personal Consumption Expenditures Price Index.
- November 1: U.S. October Non-Farm Payrolls, unemployment rate.
Chart Analysis
GBP/USD appears to be rising, supported by the trendline, suggesting potential growth up to the 1.34000 level. However, if Trump wins the election, there may be an adjustment to the Fed’s rate cut pace, which could impact market direction. If the lower trend support breaks, GBP/USD is likely to retreat toward the 1.26000 line.
If market direction shifts downward due to various factors, we will promptly adjust our strategy.
TNSR possible jesse livermorewe could see another jesse livermore accumulation going on on $TNSR.
its not guaranteed, but its possible. count 7 should go up but it could be al little choppt at count 7 . could drop tp 1 but it had to stay above 1 to be valid, below 1 its not valid anymore. this is the 15 min TF.
CHEERS !
Oil ShortLooking to short Oil. After the large gap from weekend news regarding the strikes on Iran being more about retaliation than targeting the manufacturing supplies there is some downside potential for Oil. Currently trading below the gap, I am looking to trade Oil lower before buying it back up. Buy's right now do not make sense for the strategy.
Confluences for the short:
-38% fibo
-Key Level
-Trendline break and retest
Entry is now
Stop loss is set around 69.64, any higher and the idea is inactive as Oil should begin to push higher after breaking the nearest resistance.
Targeting the next support and resistance at the lows created in September.
*Remember this is not financial advice I post on here more to give an idea of trading and how I look at the market.
Never the less, trade safe and catch you later traders ▲
Bitcoin Dominance Update: BTC.D is about to surge to %68Bitcoin dominance has broken the main long-term resistance on the weekly and monthly charts, making it very bullish and likely to reach new highs.
In this case, we expect Bitcoin to dominate the crypto market and surpass altcoins in gains. After reaching the target of 67%, we can anticipate the alt-season to start, marking the time for altcoins to make moves.
I'm not sure if we’ll have an alt-season like before, but some altcoins are likely to experience good returns. DYOR
Market is Holding above the Support , All Eyes on BuyingHello Traders
In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET
today GBPJPY analysis 👆
🟢This Chart includes_ (GBPJPY market update)
🟢What is The Next Opportunity on GBPJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
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EURUSDI will be expecting a possible pullback into this Fibonacci for the continuation of a bearish movement
CHFJPY, Bullish Trendtrend Reversal From Strong Trendline
Bullish Divergence
Inverted head and Shoulder formation
Bullish Trend Started
New Highs Formation
Buy @ CMP
EURJPY → Buyer pressure is mounting. Pre-breakout consolidationFX:EURJPY is forming quite an interesting situation on the background of inaction of the Japanese Central Bank (weakening of JPY exchange rate) as well as strengthening of EUR.
The currency pair has been in the realization phase for more than a week. Based on the general assumptions, we can assume that this is not the end and the growth may continue. An ascending triangle is being formed on H1 (pre-breakout consolidation) against the resistance at 166.065. Accordingly, this level is a trigger. Within the general technical and fundamental environment, we can conclude that the currency pair is preparing for the continuation of growth.
If the bulls are able to overcome 166.06 and keep the defense above this zone, we should expect the continuation of the growth in the short and medium term.
Resistance levels: 166.06, 166
Support levels: 165.68, 165.14, 164.95
The trend is bullish, buyers are actively defending the trend support. All market pressure is focused on the resistance. A break of the level may provoke a strong upward impulse
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:EURJPY ;)
Regards R. Linda!
$TOTAL Market Cap 259 Day BREAKOUT!At last, the Crypto CRYPTOCAP:TOTAL Market Cap has a BREAKOUT from the 259 Day trend!
This was the lagging chart I was watching to confirm the next leg up in the bull market.
The 20DMA has also crossed the 200DMA for the first time in 12 months. This is a SUPER bullish signal, as you can see what occurred last time in October 2023.
With less than 1 week away until Donald Trump is declared President of the United States, and the FOMC announcing another round of rate cuts the following day, we can expect a lot of volatility in the market.
The 20DMA should act as a good support on the way up.
The final signal will be when the Fed announces they will stop selling securities from their balance sheet. This will signal a new round of quantitative easing, and complete risk-on.
Tick-tock MFers. Position accordingly!
USDJPY LONG SIGNALThe foreign exchange market (forex, FX (pronounced "fix"), or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market
BTC price prediction from 2024 to 2026This BTC price forecast is just an idea based on the past. With similar intervals, similar highs and lows as before. It was made in a logarithmic view, on a weekly time plane, based on the CME features diagram.
CADJPY: Ascending TriangleBullish Trend
Ascending Triangle
Breakout towards upside Expected
Buy with instant buy order
Buy @ CMP
SL @ 109.73
TP @ 112.371
FATIMA, Bearish Divergence on Target Completion Cup and Handle
Breakout appeared
Cup and Handle projection almost complete
Bearish divergence developing
Trade with caution
Has WIFUSDT's Bullish Run Hit a Key Turning Point?Yello, Paradisers! With #WIFUSDT reaching recent highs, have we hit the peak, or is there room for more? Let’s break down the latest technical insights on WIFUSDT’s path after a clean trendline breakout on the 4H chart and a confirmed higher high.
💎#WIFUSDT has shown impressive bullish momentum, setting a new structure with the price pushing upward. However, the potential for a pullback looms, which could offer a prime opportunity for entry. Here’s what you need to watch closely.
💎Following the breakout and higher high, probability of wifusdt ,we could see a retracement to the 0.618-0.66 Fibonacci level, aligning with the fair value gap (FVG) around 2.423-2.401. This area intersects with a trendline, making it a potential consolidation zone where price may stabilize or bounce.
💎Should the retracement deepen, the primary support zone is established at 2.331-2.297. This level could act as a critical floor for WIFUSDT, providing stability if the price faces more downward pressure.
💎On the upside, WIFUSDT will face initial resistance around the recent higher high at 2.698. If bullish sentiment sustains, the next significant resistance area stands between 2.846-2.899. Breaking this could signal further upside momentum.
💎The bullish structure would be invalidated if the price closes below 2.29, which would signal a breakdown of both support and the trendline. This would be a critical shift, potentially marking the end of this bullish phase.
Stay vigilant and disciplined, Paradisers, as we’re at a key juncture that could either reinforce the current trend or indicate a shift. Always remember, consistency and strategic planning are essential in navigating these setups.
MyCryptoParadise
iFeel the success🌴
SEARL, Ascending Triangle BreakoutBearish Trend Reversal after Double Bottom
Ascending triangle
Breakout of Triangle
Breakout Retest
Buy at current price
Stoploss 54
Projected Target. 90-95
