Last Week : Last week we had contract roll and Fed week, for over 2 weeks price kept holding around/over 6074 - 54 HTF Edge which also happened to be Daily Edge as well which makes it a significant area. We kept holding at/above it but we would not get any pushes or acceptance inside new Value and instead we kept seeing sells from every push attempt into new VAL. Contract roll came again giving us a gap in prices which put new contract inside the Value of new HTF Range where we were able to balance while waiting for the Fed. After the Fed announcement we got a sell down towards the lower Edge and filled the Roll Gap we created, but we also took out the Edge fully which had over 2 weeks of Supply built up over it and it caused more aggressive selling which gave us a HTF Edge to Edge move to finish up that Day which put back in 6074 - 5913 HTF Range where we have previously found acceptance in. Thursday we didn't get continuation under the Edge, instead we had selling from Ranges Value which closed right into the Edge. Friday Pre-Market price got under the Edge and made a push for lower Value but we didn't quite make it to take the swing stops which were under 5860s and instead we ran out of supply, rotated back above accepted Ranges Edge and pretty much got short covering before the weekend/holidays to take us all the way back up to the upper Edge where we failed under with price settling back inside Ranges Mean. This Week : We have last week of the year pretty much, Holidays coming up and we had some crazy moves up and down last week that gave us big ranges after we spent quite a bit of days going back and forth inside smaller ranges, so what can we expect this week ? It could definitely be a tricky week, as there are always chances for more continuation to the downside, chances to keep rotating higher so we have to be on the look out, but from what structure and price so far is telling us is that we have found acceptance back inside 6074 - 5913 HTF Range, we are back under Daily Edge with Supply still above us, with shorter Holiday weeks coming and end of year, will we get more crazy action or will things possibly slow down again as we will have much fomo from the flush down and from the rally up that was probably missed by many. Price is currently back inside 6023 - 5973 Intraday Range where it found some balance before, IF we don't get the volume selling or buying then we could see price to balance inside/around this Intraday Range and stay around this current HTF Ranges Value, after failing at VAH we could still target moves towards VAL and if there is enough Volume we could even see it try to push out of VAL but we have to be careful because if we don't find acceptance on pushes over VAH or under VAL then we could continue seeing price come back inside the Value and continue balancing around it. Careful for ranges to become smaller again which means its not time to be greedy and focus on good entries and smaller profit targets. If we do get acceptance over or under the Value we would need to see good moves into or through the HTF Edges for us to see attempts to move into different Ranges Values.
I've noticed a break out from a ranging market still respecting a bullish trendline up to the next resistance is my target.
request sitting above the 200 ema on the daily so good risk reward here may see a sweep of it after we go up for now .. shall update a ltf chart
Gold extends its daily rebound and trades above $2,620 on Friday. The benchmark 10-year US Treasury bond yield declines toward 4.5% following the PCE inflation data for November, helping XAU/USD stretch higher in the American session. Gold now sell 2623 Support 2590 Support 2550 Resistance 2680
Looking at the ATOM/USD pair, I'm seeing strong bearish confirmation across multiple indicators and chart patterns. Let me break down why I'm heavily bearish on this setup: Major Bearish Signals: 1. Triangle Pattern Breakdown What catches my eye immediately is the clean breakdown of the descending triangle on the daily chart. This isn't just any breakdown - we've seen a decisive move below the pattern support, and more importantly, the recent retest of the breakdown level was firmly rejected. Classic price action theory in play here. 2. Price Structure I'm particularly focused on how price has consistently formed lower highs and lower lows. The recent rally attempt to $8.90 was swiftly rejected, and what's more telling is the weak bounce attempts that followed. This type of price action typically precedes further downside momentum. 3. Technical Confluence Here's what really seals the deal for me: - MACD shows increasing bearish momentum on the daily - RSI hasn't even hit oversold on the daily, suggesting plenty of room for downside - Volume profile is increasing on down moves and decreasing on bounces (classic distribution pattern) My Bearish Targets: $6.20 → First major support $5.80 → Key psychological level with historical significance $4.90 → Ultimate target if bearish momentum continues Why This Setup is Particularly Compelling: The beauty of this setup is the clear invalidation level. A daily close above $8.90 would force me to reconsider my bearish stance, but until then, the path of least resistance is clearly down. The risk-reward here is exceptional - we're looking at roughly a 3:1 return on well-placed shorts. Trade Management Approach: I'm looking to short any relief rallies, particularly around the $7.20-7.50 zone. These levels coincide with previous support turned resistance and should provide optimal entry points. Keeping stops tight above $7.80 to maintain a favorable risk-reward ratio. Key Observation: What's particularly bearish here is the increasing volume on recent downticks. This tells me big money is taking advantage of every bounce to distribute. When you combine this with the technical breakdown we're seeing, it paints a very clear picture of where this is headed. The one thing I'm watching carefully is a potential bear trap scenario above $8.90, but given the current technical setup, I see this as a low-probability event. The risk-reward clearly favors the short side here. Final Thoughts: This is one of the cleaner bearish setups I've seen. While we might see some relief rallies along the way, the overall structure suggests lower prices ahead. I'm maintaining my bearish bias until we see a clear break of the descending trendline and reclaim of key resistance levels.
Strong breakout on both daily and weekly chart Trend line breakout Rising volume Daily RSI >60 Weekly RSI >50 Looks Bullish
WOO Looking like is building bottom structure before potential extension upwards, 3 Limit Orders Setup
Bitcoin's high in this cycle will be between $122K and $133K, and we are already close to it. This high is expected to occur in mid-2025. Over the next six months, we will experience a big altseason, and valuable altcoins will grow by more than 3x. After that, we will enter a bear market, and Bitcoin's price will gradually decline, reaching its bottom of around $50K to $55K in early 2027.
shiba is making an interesting and profitable pattern that u can't miss it. first of all shiba dumped for 70% and it makes the cup then dumped again to create a holder. as u can see my trigger I'll enter in there. here we have 3 kind of tp 1:fibo:u can get ur profit by fibo. 2:measure trding: u can see it. 3: max tp:it can touch the piror high. maybe like FO or ENG but with low possibility. don't forget to tell me ur idea and boost this post. bye {;
Hello dear traders, Today, one of the members requested an analysis of the CHZ/USDT chart, and I prepared this analysis for him. Here’s the overview of the analysis: Friends, although Bitcoin has experienced very strong growth, this cryptocurrency has not yet been able to replicate its exceptional movements from the early months. I have combined two analyses: One is the annual purchase analysis, which requires several years for its return. Therefore, the main buying opportunity has not yet formed, and the historical order flow that caused this significant surge has not been fully touched. For this reason, we need to exercise a bit of patience. On the other hand, the daily analysis indicates a small upward movement that may serve as a pullback to touch the extreme order block. In the extreme zone, a suitable buying opportunity is anticipated up to the peak, which is well shown on the chart. If the main long-term peak is established, we can anticipate a pullback and consider an excellent purchase for our annual target. Therefore, we have two scenarios: 1. Either we buy in the annual block. 2. Or we buy in the daily extreme block. If we purchase in the daily extreme, we can hold until the peak (where we can manage our positions), and if we buy in the annual block, we can hold until the long-term annual peak. The chart is designed very smoothly, and I hope it proves useful for you. Wishing you success! Fereydoon Bahrami "A retail trader in the Wall Street trading Center (Forex)."