GBPUSD Setup: Bullish Wave Structure & Fibonacci Buy ZoneThe GBPUSD has stabilised after a significant downward move. A completed bullish wave structure has emerged, with Wave 4 failing to break above Wave 3. This indicates a potential buying opportunity from the Fibonacci buy zone.
On the 15-minute chart, we can consider going long using the MSL pattern (Lower Low, Low of Day, Higher Low & Higher Close) as a confirmation signal.
Entry Point: 1.26303
Stop Loss: 1.2610
Target: 1.2710
Stay disciplined and manage your risk accordingly.
Wave Analysis
DXY Poised for Potential Reversal - Update Fundamental AnalysisDXY Poised for Potential Reversal - Update
DXY tested a strong zone dating back to September 2024. The odds suggest that DXY could begin a reversal process from its current position near 107.50 - 108.00.
Based on previous analysis, DXY performed well, and the chances for a similar performance are high.
The support areas to watch are located near 106.20, 104.70, and 103.50.
However, on the bigger picture, it's expected to move down even further up to 101.00
📺You May Watch The Video For Further Details 📺
Thank you:)
USDCAD and CADJPY Analysis Ahead of BoC Interest Rate DecisionWith the Bank of Canada (BoC) interest rate decision approaching, we analyse USDCAD and CADJPY using the Daily and H1 timeframes to uncover potential trading opportunities.
Market Outlook:
CADJPY:
The overall market structure appears bearish following a completed wave pattern and a corrective wave. We anticipate further downside movement, signalling potential short-selling opportunities.
USDCAD:
The pair remains strongly bullish, with expectations for the current uptrend to continue. However, a potential wave-structure pullback on the Daily chart could provide a favourable buying opportunity.
Stay blessed and happy trading!
Solana - Finally Initiating The Bullish Breakout!Solana ($CRYTO:SOLUSD) is finally breaking above the highs:
Click chart above to see the detailed analysis👆🏻
In the end of 2023, Solana create a so called reversal triangle breakout and rallied more than +1.000% over the past couple of months. However looking at the current all time high breakout rally, this might still just be the beginning of the next massive Solana bullrun.
Levels to watch: $200, $500
Keep your long term vision,
Philip (BasicTrading)
NVIDIA’s Next Move: Are We Headed to $160 or Dropping to $118?Good morning, trading family.
NVIDIA just hit a big level, and now we’re seeing it pull back. Here’s what I’m watching:
1️⃣ First stop looks like $134.75.
2️⃣ From there, it could go one of two ways:
We get a bounce, and NVIDIA pushes back up to the $160s.
Or, it keeps sliding to $128-$130.
If those levels don’t hold, we could see it drop even further to $118.
This is one of those times where it’s all about watching the levels and letting the chart tell us the next move. Trade what you see.
What do you think—are we bouncing or dropping lower? Let me know your take below, and hit like and follow if this breakdown helps.
Kris/ Mindbloome Exchange
Altcoin Market - Alt Season Paused - What now?Everything is bleeding. The world is ending.
Facts:
1. Many alts are still up significantly from their yearly lows.
2. Many alts had massive runs and you should have taken some profit.
If you take into account principles in trading and technical analysis, you'll allow yourself to remove all the emotion and keep a steady eye on the bigger picture which is what I aim to do here. I'm using basically two tools in this video:
1. Fibonacci - in a reverse fashion, measuring a bear market to determine where the next bul market can go. It worked fairly well for the last bear/bull cycle, so I am applying the same principle for this same bear/bull cycle - giving me a target (conservative) at 1.56T - an aggressive target would be ~1.91T but that is not my primary target.
2. Trend-Based Fibonacci Extension - I measured a few different pivots in the 2023/2024 cycle to determine some upside targets and I kept arriving at 1.48-1.57T as targets for extended moves.
Are there targets beyond that? Absolutely. Am I ready to share those now? Not unless I want a repeat of the ridicule I faced for suggesting that BTC would break out of the 60k region just a few weeks back. I’m not here to chase every micro move in crypto. My focus is on the broader bull cycle we’re riding, and my goal is to make the most of it.
For those genuinely curious and willing to decode and have a little fun, here’s a ciphered message using the Caesar cipher (shift of 9) to get the ultimate TOTAL3 market cap target:
"Mdq wkh pdmru wdujhw lv irxu dqg d kdio wuloolvq grooduv."
Catching Dips any Coin with Spiderline !The Spiderline is a concept in cryptocurrency that refers to a specific strategy or indicator used in technical analysis to identify key support and resistance levels on the price charts of crypto assets, particularly Bitcoin.
This concept is based on retracement levels or structures calculated from historical market data. Here are the key points to understand the Spiderline:
Origin:
It is often used by experienced traders to visualize critical zones where the price has historically reacted (bounced or been rejected). These zones are derived from specific lines on the charts based on previous Bitcoin price movements.
Usefulness:
- Identify support levels: where the price could stop during a decline.
- Determine resistance zones: where the price might struggle to move higher.
- It also helps plan entry and exit points based on the likelihood of market reactions.
Differences from traditional indicators:
Unlike tools like moving averages or the Relative Strength Index (RSI), the Spiderline is more specific to Bitcoin's historical behavior and is often used over longer timeframes.
Associated strategy:
Traders use it to refine their buying or selling decisions, avoid trading against strong trends, and manage their risk effectively.
Credit Inspired by #Cryptoface
XLMUSD - Still No New All Time High... And There Won't Be... YetIn this video, I revisit my AriasWave-specific analysis, which indicates that XLM, XRP, and Litecoin are unlikely to reach new all-time highs this year or the next.
If you’re anticipating such a breakthrough, I encourage you to stick around to understand why a significant decline is likely on the horizon.
The initial pattern is still taking shape, so we’ll need to allow more time for a clearer setup to emerge.
See those previous related ideas below...
Netflix - Please Buy This All Time High!Netflix ( NASDAQ:NFLX ) will retest the resistance trendline:
Click chart above to see the detailed analysis👆🏻
Netflix is currently perfectly breaking above the previous all time high and with a +16% candle of November, bulls are totally in control of this stock. If we look at previous cycles, there is a 100% chance that Netflix will now retest the upper resistance trendline of the reverse triangle.
Levels to watch: $1.200
Keep your long term vision,
Philip (BasicTrading)
Intraday Analysis: CADJPY Forecast and Trade SetupThe overall trend on the major timeframes for CADJPY remains bullish, despite a breakdown continuation observed last week.
Current Market Overview:
The lower timeframe (M5) printed a bullish wave structure this morning.
We anticipate a corrective move below 105.76.
In the short term, a potential downside reversal is expected.
Trade Setup:
Look for shorting opportunities below 106.34, targeting a break below 105.77.
If price action breaks below 105.77, we can consider buying opportunities, aligning with the larger bullish trend.
Key Levels to Watch:
Sell Point : 106.34
Buy below : 105.77
🇺🇸 S&P500 // Just Another Video IdeaThe S&P500 is long an all timeframes, and even looking at the fact that we are deep in the long term target zone, the H4 impulse base is still strong, and there is a countertrend break opportunity on H1.
———
Stay Patient, Stay Disciplined! 🏄🏼♂️
Your comments, questions, and support are greatly appreciated! 👊🏼
DAX // Starting Correction?The DAX is at a very important level, the H4 impulse base.
If this level is crossed, that's the first sign of a long waited correction after a magnificent expansion.
———
Stay Patient, Stay Disciplined! 🏄🏼♂️
Your comments, questions, and support are greatly appreciated! 👊🏼
$LTC HIGHLY BULLISH + DEMAND ZONE @ $99.99 = 23% FIB LEVELS + Hope this can help you guys add on to your own analysis.
Remember this is not Investment advice just insights into my own perspective of this company's future price direction.
Remember follow the big money to make big money.
peace and love!
$DOGE RETRACING TO FIB DEMAND ZONE BEFORE BULL CONTINUATION Hope this can help you guys add on to your own analysis.
Remember this is not Investment advice just insights into my own perspective of this company's future price direction.
Remember follow the big money to make big money.
peace and love!