Looks like we got the false breakout of the bearish, rising wedge, and it turned into a sharp reversal. That was the worst thing that could have happened. Probable path depicted. #bitcoin
As you can see the price chart on doge this cycle is pretty similar to the last one so far. After going up to the first pause of the cycle around the 0.786 fib level price corrected to the 0.618 fib level. If this time happens something similar make sure to get in big around the 26 cents if this idea proves right.
?The Fed cut interest rates by another quarter point to a range of 4.25% to 4.50% early this morning and announced it would continue to shrink its balance sheet. Cleveland Fed President Beth Hammack voted to keep rates unchanged. After confirming the Fed had delivered a 25 basis point cut, markets immediately turned to see how the central bank’s view on future rate cuts has changed. Unsurprisingly, the Fed is expected to be more cautious in 2025 than President Trump had predicted before the election. The Fed is expected to cut by 50 basis points, while raising its inflation outlook
DOGE / USD TA As discussed in prior chart, we are in a bearish accumulation phase. We remain short term bullish as long as we stay above the $0.32 levels and medium term bullish if we stay above $0.27
DOGE / BTC As can be seen from the chart, we are currently in a bearish accumulation pattern with a possibility of still falling below the 0.618 FIB. If we fall below, just add at least a month to a correction cycle.
AMEX:SPY It's still too early, but there's a chance this could develop into a head and shoulders pattern. Will the right shoulder form?
Not financial advice just my position on recent news looking for continuation oppurtunities.
NIFTY In sideways territory after liquidation on higher side, be careful with longs
Now that Gold has completed the final ABC correction of the 4th wave, nothing can stop it from heading toward 2800 to complete the cycle! This information does not constitute financial advice or recommendation and should not be considered as such. This is only my opinion! Always do your own research and seek independent financial advice when required.
In the previous analysis , the momentum generated by news pushed the market sharply downward, aligning with my projections but with a slight delay. As a result, the market moved 128 pips lower, just one day off the original forecast. The overall bearish trend remains intact. However, the market is currently in a consolidation phase, which could offer a temporary buying opportunity. I anticipate that buyers may push the price higher toward 1.0423, and potentially 1.0460. From these levels, the downtrend is likely to resume. Close observation of selling pressure at these key zones will be essential to confirm the next phase of the market's movement.