Bitcoin: Supported By News In The Short-TermBitcoin: Supported By News In The Short-Term
News:
Senator Lummis commentes: Bill to buy $1M bitcoin hits Senate floor next week
"President Trump supports the bill".
The Senate will shift focus to creating a Strategic Bitcoin Reserve after the stablecoin vote
Technical Analysis:
BTC is in a strong bullish trend and also above a very strong structure zone located between 107K and 108.5K
The chances are that the news and the current price zone could push BTC up again in the short term to complete a larger pattern which may expand more.
I am looking only for a short-term movement with targets 110345 and 111300
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Wave Analysis
TRUMP/USD – Watching Key Support at 12.45–12.15 for Potential ReThe TRUMP/USD pair is consolidating near the strong horizontal support zone at 12.45–12.15, aligning with the 61.8% Fibonacci retracement of the previous bullish leg.
🔹 Key Levels & Scenario:
Support zone: 12.45–12.15 – price has repeatedly tested and held this area
Upside targets:
50% retracement at 14.096
78.6% retracement at 15.134
The pair is showing early signs of stabilization, suggesting a potential rebound toward these Fibonacci levels if the support holds.
📉 Invalidation:
A decisive daily close below 12.15 would invalidate the bullish bias and open the door for deeper retracement.
📌 Trading Plan:
Watching for price action signals (candlestick reversal or breakout) above 12.45
Targets: 14.096 and 15.134
SL: Below 12.15 for a conservative risk management approach
This idea focuses on the potential for a short-term reversal in a larger consolidation phase, supported by clear Fibonacci and horizontal confluence.
Gold Elliott wave analysis 5/28/2025In my view, gold is currently in wave five of the Grand Supercycle Wave V, which I began counting from around the year 1833. While many investors expect gold prices to skyrocket further due to geopolitical tensions, de-globalization, and growing concerns over asset bubbles—evidenced by large-scale stock selloffs and a shift toward cash holdings—I believe much of this fear is already priced in.
As for my price target, I expect gold to complete its final wave at around $3,600–$3,700. This projection is based on the assumption that wave five (in cream color) will likely be equal in length to wave one, especially considering that wave three is the extended wave. After reaching this peak, I anticipate a significant downturn—similar to the crash between 1980 and 2001—which could form a massive wave two correction potentially lasting for decades.
An additional factor supporting my outlook is the upcoming Saturn–Neptune conjunction in 2025–2026. According to financial astrology, previous Saturn–Neptune cycles have been closely associated with recessions, financial crises, and economic restructuring. These periods often expose bubbles, fraud, or excessive optimism. Given the elevated level of gold prices today, which may be considered a bubble, this suggests that a major correction in gold could be approaching.
GOLD: Expanding-Leading-Diagonal, the 3-3-3-3-3 variety?#Gold (XAUUSD), 1 hour:
IMHO, a rare but probable Elliott Wave pattern is unfolding on the chart, known as an Expanding-Leading-Diagonal (the 3-3-3-3-3 variety) to the downside.
⚠️ If price breaks above red wave-2 near $3438, this bearish outlook gets invalidated.
📉 Until then, downside pressure remains on the table. Once wave-3 low ($3120) is broken, this becomes my primary wave counts for Gold.
Trade wisely and watch key levels mentioned on the chart.
~EWTIC Mentor~
EURO/USD -demand zone culminating at the projected reversal area
Key Zones & Patterns
Break of Structure (BOS):
A BOS is marked in the red circle on the left side, signaling a shift from a bullish to a bearish market structure.
Supply Zone (Green Box at Bottom):
This zone was tested after the BOS and sparked a reversal. It acted as a major accumulation area (around 1.10500–1.11500 range).
Harmonic Pattern (AB=CD/XABCD):
The chart shows a harmonic pattern identified by points X, A, B, C, D.
XA to AB retracement: Approximately 61.8%
BC to CD extension: Suggests a harmonic completion near point D
Parallel Channel:
A bullish trend channel is drawn as the price rises post-demand zone, culminating at the projected reversal area.
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Current Market Outlook
Price Level: Around 1.136xx at the time of screenshot.
Projected Action:
The chart suggests the price may reverse downward from the current supply area near 1.141xx.
A bearish move is forecasted with a red arrow indicating a drop.
A horizontal arrow suggests a consolidation zone before continuation.
The TARGET level is marked near the 1.123xx region.
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Trade Setup Idea
Sell Zone (Red Box at Top):
Anticipated area for short entries, in alignment with the harmonic pattern completion and overextension.
Short-Term Bias: Bearish
Rejection from harmonic D-point and supply zone
Break of ascending channel support is anticipated
Downside Target:
1.123xx zone, which aligns with a prior consolidation and demand interest
Clear risk-reward structure: stop above 1.141xx, target near 1.123xx
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Conclusion
This EUR/USD chart suggests a bearish reversal is likely after completing a harmonic structure at a key resistance/supply area. Price action confirms a potential break below the ascending channel. The setup presents a clean short opportunity with confirmation bias coming from structure break (BOS), harmonic alignment, and a defined supply zone.
Potential BearsThe market looks to be in a wave 4 of a Submicro wave and has pulled back at a satisfying 38.2% Fib Level, the next move is downstairs to complete wave 5 of the same degree. We could catch some fish here.
This is solely our trading insight and not an investment advice.
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Potential BullsThe Market looks to have played out a perfect AB=CD, and the price is responding well well, now considering the EW principles, we think the market is in the 4th wave of a Submicro wave. We think the price is heading upstairs to complete leg/wave 5 of the same degree.
Until then, trade using your tested strategies and this is just an insight and not a trading/investment advice.
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Beware, the US dollar is at a technical crossroads 1) The US Dollar remains the weakest major Forex currency in 2025
The US dollar has had a difficult year on the foreign exchange market (Forex), recording a decline of over 9% against the world's major currencies, despite the Federal Reserve's continuing rigid monetary policy. Technically speaking, the DXY index has reached several theoretical bearish targets, notably according to Elliot analysis, but has not yet touched the key objective of the A=C movement. This dynamic is also evident in the strong chartist compression in weekly data, placing the USD at a potential breakout point. The EUR/USD and USD/JPY pairs are also in long-term hinge configurations, and institutional positions remain broadly bearish on the US dollar against a basket of major currencies.
Two interesting charts on the current situation are presented below: the first shows Japanese candlesticks in monthly data, and the second is a theoretical reminder of how Elliott waves work.
As long as the US dollar against a basket of major currencies (DXY) remains below the indicated pivot line, the trend remains bearish, with a target of 95/96 points. Conversely, a rebound above the hinged pivot line would put an end to the US dollar's annual correction, with the starting point for a technical recovery.
2) A weakening dollar despite an inflexible Fed: how to explain this paradox?
The apparent paradox of a falling US dollar while US interest rates remain high and the Fed does not expect to cut rates before September/October, goes beyond simple rate differentials. At a time when the ECB has already embarked on a policy of monetary easing, the rate differential with the Fed should normally support the USD. However, other factors are taking over: the markets' growing mistrust of US assets, fuelled by trade tensions and uncertainty over Trump's fiscal policy, is weakening demand for dollars. Added to this is a major liquidity factor: the recent increase in the money supply (M2) in the United States and the decline in reverse repo operations, which reflect an implicit easing of financial conditions. This easing is encouraging persistent downward pressure on the greenback, despite a Fed that remains intransigent on rates.
The next release of US PCE inflation, scheduled for Friday May 30, could play an important catalytic role: a higher-than-expected figure would strengthen the case for an even firmer Fed, which could offer the USD a temporary technical rebound. Conversely, confirmation of disinflation would fuel bets on future easing and accentuate selling pressure. In short, the US dollar is not only at a technical crossroads, but also a fundamental one, suspended between forthcoming monetary action and deeper signals from the global liquidity market.
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