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CAD/CHF - Long: Market Order.Afternoon traders. Im going long in a trade... let me break this down for you. HTF all show bullish momentum, for more of a breakdown of this I have published a story on this Pair previously in the week. LTF- We have made a few bounces of this HTF Mitigation Block, on smaller time frames price has made a few pushes off this Mitigation Block and on this particular pullback we can notice an Elliot's Wave "ABC" Pattern forming showing us the end of the consolidation phase. Im looking for price to break this Resistance zone as well as breaking this Liquidity Trend. Im targeting higher TF liquidity and I have my Stop Loss below the Higher TF Mitigation Block Good Luck to all the Traders that decide to follow
Long
by jamesibartram
Dogecoin at Key Support: Trend Analysis & Next Moves for DOGE👀 👉 In this video, we dive deep into Dogecoin (DOGE) paired with USDT, examining its trend, market structure, price action, key support and resistance levels, and the impact of liquidity on the markets. At the moment, DOGE is trading near a critical support level. With the bearish break in market structure, we explore potential ways to engage if the downtrend persists. Everything is covered in detail here. Please note, this is not financial advice.
Short
by fxtraderanthony
BTCUSDT soon below 100K$ and heavy fall will leadThis post is also educational and now as we can see the pump and breakout was fake and the fall started:https://www.tradingview.com/chart/BTCUSDT/sbV6gZGS-Bitcoin-major-sign-of-Stop-loss-hunting-and-dump-seen/ so the question is this that why we are looking for below 100K$ or 90K$? 1. first reason: stop loss hunting which is mentioned as i said before makes a good volume and liquidation for them to enter the position and make a good profit and if you take look at chart we have two Fakeouts at same time and with one high volume candle it is all done, yes the first one is those sellers which enter with resistance of red trendline and the other sellers also joined with resistance of ATH and both of them which used high volume now are out because they had the Felling that if Bitcoin break ATH it will pump and they put stop loss close and both get loss and gets out of trade + we have two major buyers which get in the trade to open long and first are those who enter after breakout of trendline and add more volume after ATH broke and others are those who open long after ATH breakout and were looking for more rise and gain so soon their stop loss will also hit or already done and that is another good volume for them. 2. second reason: usually like previous time which we can see fake breakout we have good move to the upside or downside and i think the dump just started and it will continue more at least to 90K$. Always do your own research and also remember more reasons and ... will cause this fall and here i mentioned two of them you can add more in comments and mention why we are looking for more fall? DISCLAIMER: ((trade based on your own decision)) <<press like👍 if you enjoy💚
Education
by MMBTtrader
6
Analysis of gold market trend on Monday Analysis of gold news: Spot gold fluctuated and fell in early Asian trading on Monday (January 27), and is currently trading around $2,757/ounce. Gold prices continued to rise by 0.6% last Friday (November 24), reaching a high of $2,785.86/ounce during the session, just one step away from the historical high of $2,789.95, closing at $2,770/ounce, up 2.5% on a weekly basis, the fourth consecutive week of gains, as uncertainty about US President Trump's trade policy has caused the dollar to lose momentum, thereby boosting demand for safe-haven gold. The dollar fell 0.63% on Friday to close at 107.46, with a weekly decline of 1.77%, marking its worst weekly performance in more than a year. People expect that the tariffs imposed by U.S. President Trump will be lower than previously feared and are unlikely to Triggering an international trade war. In addition to the Fed's interest rate decision, this week will also release the US December durable goods orders monthly rate, the Bank of Canada's interest rate decision, the European Central Bank's interest rate decision, the US fourth quarter GDP data, and the US December PCE data. It can be said to be a super week, and investors need to make position adjustments in advance. The survey shows that most analysts and retail investors tend to be bullish on the trend of gold in the next week. Gold technical analysis: Gold closed higher last week, approaching the previous high of 2789, and then paused slightly in the small cycle near 2785. The overall weekly K-line closed at a high level. The overall rhythm of last week was a unilateral step-up, which was relatively stable, with a step back, but the overall upward trend was good. Although it surged on Friday, it formed a small hammer-shaped positive line with an upper shadow line. The overall trend showed signs of adjustment. Therefore, we should not chase the bullish trend and consider it when it falls back. As for the short position, it is unreasonable not to go short when it is close to the new high. From the current market, the upper pressure has moved down to the 2783 line. Gold fell back under pressure from the historical high on Friday. Gold fell. Without breaking through the historical high pressure, gold rebounded in the early Asian trading and continued to go short. The gold 4-hour chart is a step-by-step oscillatory upward channel. With the release of space, the volume energy is slightly weakened, which may be accompanied by a wash-like consolidation and correction move, and it will turn back step by step. It will accumulate momentum to recover and rise again. Combined with the weekly closing, there should be an inertial rise this week. However, after breaking through the high, the indicator in the attached picture will enter a high level, and there will be a need for correction. At that time, it will depend on the correction method in the market, whether it is a strong consolidation correction or a deep correction. The two methods should be combined with the intraday pattern. Different layouts, strong consolidation correction or sideways and then higher, deep retracement correction. It is easy to go back and forth and then rise after washing losses, which is more challenging to grasp the entry point. Try to be more prudent at the beginning of this week and set the time after the European market. Gold rose and fell in 30 minutes. Gold opened directly with a gap in the morning. The strength of gold bulls began to be insufficient. The resistance above gold still suppressed the rise of gold. Gold continued to go short at highs under the pressure of the historical high of 2790 in the morning. Gold rebounded near 2780 and could be shorted first. If gold falls below 2763, gold shorts will continue to exert force. The market is changing rapidly. Since gold cannot break through the historical high in one fell swoop, it is still difficult to break through directly in the short term. Gold will continue to be short after rebounding in early trading. On the whole, our professional and senior gold analyst team recommends rebounding shorting as the main strategy for short-term gold operations today, and callback longing as the auxiliary strategy. The short-term focus on the upper side is 2772-2777 resistance, and the short-term focus on the lower side is 2745-2740 support.
FOREXCOM:XAUUSD
by Caesar_Gorman01
CHFJPY - SELL - TP: 171.385Hello, the CHFJPY tried to go uptrend, but it looks failed. JPY is so strong today. I expect it will be long down trend. My SL : 170.550 My Entry : 171.364 My TP : 170.550 Good Luck. Must Remember : If You keep trading with big lot over your margin level, the trend will be reversal temporary. and then it will do big drop after stopped-out your account. So, I recommend trading small lot. My Chart is very powerful analysis, but I saw someone, a poor played a gamble. Please, don't play like gamble. we lost a money because of your gamble trading. Good luck.
Short
by thdehddns
Are we in Wave 4 for $MGI?Hello! I'm new to Elliot Wave Theory. Wondering what you guys think about $MGI. Thoughts? Target Price #1 Price $1.15 #2 Price $4.05 Length of Wave 1 $2.90 0.382 $2.94 0.500 $2.60 --> target 0.618 $2.26 #3 Price $2.63 --> actual 1.618 $7.32 2.618 $10.22 --> target 3.434 $12.59 # 4 Price $11.70 --> actual 0.236 $9.56 0.382 $8.24 0.500 $7.17 --> target* - I bought some shares at this price. I believe it could go as low as $6.45 . # 5 Price $7.17 --? Assuming we end up around here, the following are my targets for Wave 5. 0.618 $8.96 1 $11.86 1.618 $16.55 * I'm aiming for this one... 2.62 $24.15
MLong
by justjramirez
2
Tesla UpdateStill no clear indication of where Tesla is headed next. Looking at the afterhours (24hr market) price on Robinhood it is down $10/share. Is this a snapshot of what tomorrow will look like or are insiders giving a hint that price will head lower again in the near future. I have been saying for a few trading sessions now that price hit the smaller 1.0 of sub-minuette a-b of minor B. This is all that is "required" for the move to be considered standard. What does this mean? It means that the minimum requirements for a standard move have already been completed, and we could head lower at any time. If it has in fact topped in minor B already, then the next area we will be targeting is the low $300's - high $200's. The big clue to know if we're headed down that low, is a breach of the prior low made by minor A @ $373.04. If we do not breach that low, there remains the chance that price rises again to the minor B target box. This uncertainty is the reason I sold my position and why I haven't re-entered. When we get to a better risk/reward area I will re-enter. I have a feeling that will be a few weeks though. Until then, I remain an observer.
NASDAQ:TSLA
by TSuth
SWEEEEP!They need your money to send it don't let it be your liquidity. When you see set ups like this is when you should sit on your hands, control your emotions, or just use proper risk management if you just cant help yourself from trading the range, but that's just what we se here. Liquidity needs to be swept and cleared from the lows if we are to go higher here from this level of $105. If GETTEX:QNT 's price action could give us a solid dip (signature pattern with a candle close and rejection) with some sort of reaction that will provide support at key psychological Fibonacci level should provide evidence that we could send higher. USE PROPER RISK MANAGEMENT
CRYPTO:QNTUSDLong
by YorkTheShiller
RIOT: not sure what to make of the recent price actionFor now, I have Jan 22 low as subminuette degree wave 2. But the price action since then, even though made higher highs and higher lows, doesn't seem to be an impulsive move. It can either be a b wave, which means wave 2 is not over yet; or it could be an expanding leading diagonal. If a Y wave is in progress, I hope not to go too deep as price already dipped into minuette wave 1 once. This week will be crucial for BTC as well as miners to keep the support intact and bounce to new higher highs to keep the bull run intact. Falling below recent lows will make things significantly harder to keep things moving.
NASDAQ:RIOT
by mukit1
DOGE: Can support hold?After breaking out of $0.18 area, Doge has made a nice 5 waves move. Now it is time to see if it was just another C wave to extend its dreaded multiyear correction, or if it is, in fact, the bull run that the bag holders have been waiting for years. I will not want to see Doge breaking below the $0.23 support area of March 2024 high. I would be perfect if Doge can bounce from 0.618 fib support area of $0.24. The next week or 2 will be crucial to see how price action evolves. Price will have to break below $0.12 to be really bearish. Until then, would like to see BTC and other top names put in the lows and start making new highs.
CRYPTO:DOGEUSDLong
by mukit1
BTC fifth wave extension to finish up the minor degree wave 1So far, BTC is following the extended path to complete wave 5 to end minor degree wave 1. IF price falls below $86k, then I may have to up the internal wave degrees to lower the targets, but even then, the extension target should be 2.618 fib extension of minute degree wave 1 and 2; at $160k. For now, I am watching if $96k support holds for micro degree wave 2. This week will be crucial to get back on the narrative train and start making higher highs. Longer BTC is stuck in this range, greater the probability of distribution cycle and that will not be good for the overall crypto market.
BITSTAMP:BTCUSDLong
by mukit1
EUR/USD:Potential 5-Wave Impulse & Early Signs of Trend ReversalThe EUR/USD pair has shown remarkable strength in recent weeks, rallying from its lows of 1.0178 and potentially completing a 5-wave impulse structure, as per Elliott Wave theory. This article explores the evidence of this potential trend and the early signs of a possible corrective Wave 2, which may set the stage for a Wave 3 rally. Wave Count Analysis: A 5-Wave Impulse from 1.0178 Elliott Wave theory posits that trends often unfold in a five-wave impulse structure during their primary movement. Here's a detailed breakdown of the EUR/USD move from the 1.0178 low: Wave 1: The initial thrust upward from 1.0178 to approximately 1.0353 was characterized by strong buying momentum, accompanied by rising volume—classic signs of the first wave of a new trend. Wave 2: A shallow pullback followed, retracing approximately 50% of Wave 1, stabilizing near the 1.0267 region, and respecting the Fibonacci retracement levels. Wave 3: The next leg upward, extending to around 1.0436, showed the hallmark of an extended third wave. This leg was defined by increased market participation, fundamental data supporting the euro, and sustained upward price action. Wave 4: A sideways consolidation pattern near 1.0438-1.0410 marked the fourth wave, presenting a corrective triangle pattern (a typical fourth wave pattern) that failed to break below key support levels. Wave 5: The final impulsive move carried EUR/USD to a recent high near 1.0521, completing the potential five-wave structure. The structure aligns well with Elliott Wave principles, as Wave 3 appears to have the strongest momentum (although it was not the longest), and the Wave 4 termination point did not overlap with the price territory of Wave 1. Signs of a Trend Reversal: The Infancy of a Corrective Wave 2 After reaching the highs around 1.0521, EUR/USD has shown signs of exhaustion, with bearish divergence forming on momentum indicators such as the RSI and MACD. These are early clues that the bullish impulse may be giving way to a corrective phase. Currently, EUR/USD appears to be in the early stages of a Wave 2 correction, and traders should watch for: Fibonacci Retracement Levels: Wave 2 corrections often retrace 50%-61.8% of Wave 1. Key support levels to monitor are 1.0349 (50% retracement) and 1.0308 (61.8% retracement). A healthy corrective move respecting these levels would reinforce the case for a Wave 3 rally. Although, Wave 2 concluding near 1.0250 (the 78.6% retracement) of Wave 1, a critical Fibonacci level often associated with deep corrections before trend resumption is also a common occurrence. Volume Analysis: Corrections are typically marked by declining volume, reflecting reduced market participation compared to the impulsive waves. Bullish Reversal Signals: Look for candlestick patterns, such as bullish engulfing candles or morning stars, near key Fibonacci levels as potential indications of a resumption of the uptrend. If the corrective Wave 2 confirms with a rebound near the aforementioned Fibonacci levels, EUR/USD could be gearing up for a powerful Wave 3 rally. Here’s what to watch: Wave 3 Target: Wave 3 is often the strongest and most extended wave, frequently reaching 1.618 times the length of Wave 1. Using Fibonacci extensions, the target for Wave 3 could be around 1.0800. Invalidation Level: If EUR/USD breaks below 1.0178 (the origin of Wave 1), the bullish impulse count would be invalidated, and an alternate corrective structure might be at play. Conclusion EUR/USD’s rally from 1.0178 to recent highs near 1.0522 exhibits the hallmarks of a 5-wave impulse structure. While early signs of a corrective Wave 2 are emerging, the upcoming price action near key Fibonacci retracement levels will be critical to confirm whether this is a mere pullback before a larger Wave 3 rally unfolds. Traders should remain patient and vigilant, watching for bullish signals at support levels and preparing for the next potential impulsive move. If confirmed, the third wave could bring EUR/USD to fresh highs, further solidifying the reversal from its long-term downtrend. Disclaimer: This article reflects an analysis based on Elliott Wave theory and is for educational purposes only. Always conduct your own research and use proper risk management when trading.
Long
by TheSignalService
BTCUSDT 2H-4H-1D Technical Analysis 26/01/2024Most Relevant Timeframe for Position-Taking • Short Term (2H/4H): Shows signs of a possible consolidation or minor pullback. Good for quick scalping or very tight stop-loss trades. • Medium/Long Term (12H/1D): Clearly bullish but near potential overbought territory, suggesting caution before entering new multi-day to multi-week positions. These higher timeframes offer the best overall view of the trend and major support/resistance. Key Support and Resistance Zones • Supports • Short Term (2H/4H): • ~101.9k–102k (Long-Term MA in 2H/4H) • ~100.8k–100.84k (Auto AVWAP low + confluence of MAs) • Medium Term (12H/1D): • ~89k (critical support from the chart structures) • ~77–78k (deeper support if 89k fails) • Resistances • Immediate: 105–106k (multiple AVWAP Highs on lower timeframes) • Upper: 107–108k (AVWAP High on 1D/12H). Above 108k could spark a larger breakout. Recommendations and Potential Scenarios 1. Main Scenario (Bullish with Consolidation) • As long as BTC stays above 89–90k, the higher timeframe trend remains intact. • A brief pullback to 100–102k is possible before retesting 105–108k. • If BTC breaks 108k with solid volume, a push toward 110–115k is feasible. 2. Alternative (Bearish Break) • A break below 89k would likely trigger a deeper correction to ~77–79k, aligning with the “regular flat” scenario. 3. Concrete Trading Strategies • Short-Term Traders: Consider tight-stop long entries near 104–105k, with stops around 101–102k. • Medium/Long-Term Traders: Wait for either (a) a deeper pullback toward 89–90k that holds, or (b) a confirmed breakout above 108k on strong volume. Final Note While the overall market structure leans bullish, multiple indicators (HPI > 90 on 12H, near-extreme ISPD readings on 1D) warn of “overheating.” A short-term correction or consolidation could occur before any new major rally. Keep an eye on 89k as a key pivot. If this level remains intact, the broader uptrend should continue.
by Ox_kali
ETH Before the Hunt: Why Clarity is King in TradingIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! When it comes to trading, patience is often as important as the strategy itself. As I stared at the chart for what felt like an eternity, I couldn’t help but notice the mixed signals emerging from the Elliott Wave side of things. Mixed signals can be frustrating, especially when you’re eager to make a move, but they’re also a reminder to slow down and let the market tell its story. In moments like these, clarity is everything. For me, clarity comes at specific levels—in this case, 3k or 3750. Until one of these levels breaks, I can’t say I’m confident enough to take a stance or make an entry. Trading without clarity isn’t trading; it’s guessing. And let’s face it, guessing doesn’t have a great track record in this game. Why 3k and 3750 Matter So, why these specific levels? In technical analysis, certain price points serve as psychological or structural boundaries. They’re often where traders make decisions that push the market one way or another. A break of these levels would signal a shift—whether in momentum, sentiment, or structure—that provides the clarity I need to move forward. Elliott Wave analysis is notoriously nuanced. Sometimes the waves line up perfectly, painting a clear picture, and other times they leave you scratching your head. Right now, the picture isn’t clear enough for me to confidently interpret the waves, which is why those key levels are so important. They act as filters, cutting through the noise and allowing me to focus on the signal. The Power of Patience Patience in trading isn’t just about waiting—it’s about waiting with purpose. The market doesn’t reward impulsive behavior, but it often rewards disciplined traders who wait for the right setup. That’s why I’m holding off for now. If one of those levels breaks, I’ll reassess, recalibrate, and, if everything lines up, begin the hunt for an entry. The idea of “the hunt” is what keeps me engaged. It’s not about rushing to pounce on an opportunity; it’s about tracking it, understanding it, and striking when the odds are in your favor. But before the hunt, there’s the waiting. Dealing with the Uncertainty It’s worth noting that uncertainty is part of the game. No chart analysis, no matter how thorough, can guarantee an outcome. What you can do is put yourself in a position to make informed decisions based on your strategy and the information available. Right now, the information I need lies at the 3k and 3750 levels. Until those break, my job is to sit back and observe. Waiting for clarity might feel passive, but it’s an active part of the process. By staying patient, I’m avoiding the pitfalls of premature action and ensuring that when I do make my move, it’s backed by data, analysis, and strategy—not emotion or guesswork. Final Thoughts Mixed signals are part of the trading experience. They can test your patience and make you second-guess your approach, but they’re also a valuable reminder to stick to your plan. For me, that means waiting until 3k or 3750 levels break. When they do, I’ll be ready to act. For now, the hunt is on pause. But once clarity shows up, that’s when the real work begins. Until then, it’s all about watching, analyzing, and preparing. Because in trading, as in life, timing is everything. Trade safe, trade smart, trade clarity.
COINBASE:ETHUSD
by CryptoKnee