Sober_Trading

Sober_Trading

Trading gets much easier when you understand the strength and weakness of trends and the market cycle. Right now, BTC is showing us clear signs of bull exhaustion. 🔍 Technical Breakdown: Price has been trapped between FWB:88K resistance and GETTEX:82K support, forming a visible trading range. Recently, BTC failed to even reach the middle zone of the range,...

Sober_Trading Updated 

FX:USDJPY - 4H Update 🔻 If you've traded USDJPY in recent years, you're no stranger to the significance of the 150.00 zone. This level has historically acted as a critical resistance and psychological barrier. Now, the pair is trading below this key level and has also broken the ascending channel support on the daily timeframe, signaling that bulls are likely...

Sober_Trading

If you had bought BINANCE:TRUMPUSDT or BINANCE:MELANIAUSDT.P at any point during the last three months, you’d likely be deep in loss within just days. These tokens, despite using the names of major political figures, followed a typical memecoin pattern: 🚀 Launch hype → 💰 Speculation → 📉 Massive dump But here’s what traders need to remember: 🔁 These types of...

Sober_Trading

BINANCE:BTCUSDT - 1H Update Bitcoin remains in a bearish trend on the 4H and daily timeframes. After hunting the liquidity above the resistance zone, price began to drop exactly from our shared short entry at 83,700—and it's now on the move toward deeper targets. 🔹 Key Insights: BTC grabbed liquidity just above resistance before reversing. Price is now likely...

Sober_Trading Updated 

XAUUSD - Daily Update 📈 With most analysts focusing on Gold’s bullish momentum, let’s step back and analyze where we are in the bigger picture and where we should secure profits before a potential correction. Gold has been in a strong uptrend since the $2,000 zone, forming three major bullish legs as highlighted in the chart: 🔹 First leg correction: ~$150 drop 🔹...

Sober_Trading Updated 

TVC:DXY has shown an impressive rally from the 100 zone, forming three major bullish legs, each contributing approximately 4% gains. These bullish phases have now brought the index close to the critical 110 level. However, in the third major leg, we observe the formation of three minor legs, signaling some hesitation as it nears the resistance zone. While many...

Sober_Trading Updated 

Following the sharp fall in FX:USDJPY after PPI and CPI news, we expect further downside, potentially reaching the middle or bottom of the channel. 📉 Each push-up could be a short entry opportunity. Even a strong rise below 158 might be a dead cat bounce and a better short entry point. Stay cautious and strategic! 🔻

Sober_Trading Updated 

BINANCE:BTCUSDT is currently oscillating within a new trading range, establishing a trustable support zone while facing a weaker resistance trendline and resistance zone. Given this setup, a breakout isn’t the primary expectation just yet. 🔹 Key Observations: Support Zone Strength: The support zone is stronger than the resistance, making it less likely for BTC...

Sober_Trading

BINANCE:BTCUSDT is currently at the bottom of a descending channel on the 4H timeframe, aligning with a key support level. Given the broader bullish trend on higher timeframes, this zone could provide a strong foundation for a rebound. 📊 Key Observations: Descending Channel Support: Price is testing the lower boundary of the channel, historically acting as a...

Sober_Trading Updated 

BINANCE:ETHUSDT has been showing strong recovery patterns recently, and the technical indicators align with a potential bullish move in the coming months. On the weekly chart, COINBASE:ETHUSD has reached the bottom of an ascending channel, which historically has acted as a strong support zone. This $2K region is not only a psychological barrier but also a key...

Sober_Trading

The FX:AUDUSD has shown strong bullish momentum after hunting liquidity below the 2022 low on the daily and weekly timeframes. ✅ Breakout & Retest: The pair successfully broke the descending channel's resistance and is now pulling back to the breakout zone, confirming its strength. ✅ Higher High Formation: A higher high structure supports the bullish bias,...

Sober_Trading

Despite various market news over the past few days, USDCAD remains within its trading range, as previously discussed. The pair has yet to make a valid breakout, meaning range trading remains a viable strategy. 📉 Price has rejected the top of the range after recent news, aligning with expectations. 📌 Opportunities arise at key support & resistance zones within...

Sober_Trading

BLACKBULL:WTI is oscillating between two key trend lines, and after hunting liquidity under the last bullish leg, another upward move is possible. This setup presents buy opportunities on lower time frames, and I’ll update this idea accordingly. Additionally, oil remains within a broader trading range, reacting precisely to the mid-zone, which has previously...

Sober_Trading

COINBASE:BTCUSD is consolidating within a narrow range, and a breakout could trigger a strong move. Given the sharp drop yesterday, this ascending channel may act as a bearish flag, signaling a potential continuation of the downtrend. If BTC loses support, expect another significant fall. Watching for a breakdown confirmation! 📉 Stay alert for price action signals!

Sober_Trading Updated 

OANDA:XAUUSD is oscillating in a trading range, forming an ascending channel. It is currently consolidating over a key support zone, presenting a good opportunity to buy with a logical stop-loss. The bullish momentum could drive XAUUSD towards the $2700 mark again.

Sober_Trading Updated 

While some signals indicate buy opportunities on the dollar index, I remain skeptical. As mentioned in our 4H analysis, the third bullish leg has been completed, and I expect a deeper correction in CAPITALCOM:DXY . In the 1H time frame, we can observe that the second reaction to the support zone is significantly weaker than the first. This could indicate a...

Sober_Trading Updated 

Following the USA election, the crypto market experienced a significant rally, seemingly pricing in expectations around the Inauguration of Donald Trump. As the market has likely anticipated much of the impact from potential upcoming policies, we could see oscillations between sharp rises and falls in the coming days. A downward correction appears more probable as...

Sober_Trading Updated 

BINANCE:BTCUSDT has been consolidating in a trading range for the past two days. As seen on the heat map, the price hunted liquidity below the range, making a strong case for a reversal. Now, BTC could target the liquidity above the trading range, which is spread across two key zones. This setup indicates a bullish opportunity as the market moves toward these...