Bitcoin is currently holding above the 50-day moving average, but just barely. Price has been rejected from this level nearly every day for the past week, highlighting its significance as short-term resistance. The repeated failures to push higher show that bulls are lacking conviction - at least for now. Meanwhile, the 200-day moving average and the key horizontal level at $88,804 loom just overhead. Market structure remains bearish, with a clear series of lower highs and lower lows still intact. A daily close above that horizontal resistance would break the pattern and signal a potential shift in trend, but until then, this remains a cautious bounce within a broader downtrend.
H4 - Strong bearish move. No opposite signs. Currently it looks like a pullback is happening. Expecting bearish continuation until the two Fibonacci resistance zones hold. If you enjoy this idea, don’t forget to LIKE ?, FOLLOW ✅, SHARE ?, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! ? -------------------------------------------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURGBP we can see bearish candles are more powerful now and expecting another leg down
168 - 172 is a Very Strong Support Level. However, 176-177 is an Important Resistance on Weekly Basis. Weekly Closing above 170 would be a Positive Sign.
NZDCAD is forming Bullish Flag Pattern, will it move towards its target? Entry, Stop Loss & Take Profit are mentioned.
Price Action: Current Price: ₹1,435.20 (+13.02% today) Recent Range: ₹1,270 (L) – ₹1,519 (H) Strong breakout above ₹1,400 resistance (now support). Indicators: Supertrend (10,3): Bullish (Green line) – Confirms uptrend. TEMA (5.9,20): Rising – Momentum favors bulls. Volume: Spike on upside move (not shown but implied by 13% rally). ? Positional Trade Plan: ✅ Entry: Buy Zone: ₹1,400-1,430 (Pullback to breakout level). Confirmation: Close above ₹1,450 with volume. ? Stop Loss: ₹1,300 (Below recent swing low & Supertrend support). Risk: ~7-8% from entry. ? Target: Short-Term (1-2 weeks): ₹1,550 (Previous high). Positional (1-3 months): ₹1,700-1,800 (All-time high zone). ? Risk-Reward: 1:3 (₹100 risk vs. ₹300+ reward). ? Trading Notes: Trend Bias: Bullish (Supertrend + Higher Highs/Lows). Watch For: Profit-booking near ₹1,500-1,520. Close below ₹1,400 invalidates setup. Sector Tailwind: Pharma stocks showing strength.
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CRYPTOCAP:BTC #BTC at $84,221 support and testing, Next key resistances at $88,674 and $91,357, $81,614 current key support area, Ranging between $86,305-$82,833. Low volume on 4H, put bullish engulfing on previous 4H close but no follow up on current 4H, Last weekly close looks good with a bullish engulfing, but current weekly not looking promising for a follow thru yet. Previous daily closed bearish, RSI remains neutral on 4H, 1D and 1W. Expecting more sideways movement until $91,357 resistance is taken as support.
CAD/JPY – Bullish Reversal from Key Support (4H) CAD/JPY is showing signs of a potential **bullish reversal** after respecting a strong demand zone around 101.75 – 102.00. Price has bounced multiple times from this zone, suggesting buyers are stepping in. A downtrend line was broken recently, and price is attempting to form a **higher low**. If this bullish momentum holds, we could see a move toward the next resistance near 103.85. ? Trade Setup: - Entry: Around 102.30 – 102.40 - Stop Loss: Below 101.75 (beneath strong support) - Take Profit: Targeting 103.85 zone - Bias: Bullish (Reversal structure) This setup is ideal for swing traders looking to capitalize on structure-based reversals from strong support areas.
This 1H chart of SOLUSDT on Bybit showcases a clean bullish continuation setup after a strong impulsive move upward. The current price action suggests a strategic retracement into a high-probability zone of interest before a potential continuation toward buy-side liquidity. --- 1. Market Structure & Context: - SOL has shifted market structure to the upside following a strong impulse that broke previous lower highs. - The current pullback resembles a classic bullish retracement, aligning with smart money concepts where price revisits inefficiencies and discount zones before continuation. - The low on the retracement appears to be forming a higher low relative to the previous structure. --- 2. Fair Value Gap (FVG) + Golden Pocket Zone: - The blue box represents a clear Fair Value Gap created during the recent rally — a price imbalance often targeted for entries by institutions. - Overlaying that zone is the Fibonacci golden pocket (0.618–0.65), a highly reactive retracement area in bullish moves. - The confluence of FVG and the golden pocket makes this a powerful demand zone, supported by historical order flow behavior. --- 3. Fibonacci Levels & Price Action: - 0.618–0.65 zone: Ideal entry region during bullish retracements. Price is currently reacting within this band. - 0.786 level: A deeper retracement level that still supports bullish continuation if respected — though it marks the edge of the current FVG. - The equilibrium between these levels represents a discount area for accumulation. --- 4. Liquidity Outlook – Buy-Side Liquidity (BSL): - A clear BSL (Buy-Side Liquidity) sits above the previous local high. - Price is likely to target this level as the next point of liquidity collection once the retracement completes. - The green arrowed path shows the anticipated flow: a short-term dip into the FVG before a bullish move to sweep the BSL. --- 5. Trade Narrative: - This setup reflects an entry based on optimal trade theory — retracement into a zone of inefficiency and discount (FVG + golden pocket). - Bullish continuation is expected if this zone holds, especially with confluence from market structure and resting liquidity overhead. - Ideal confirmation may involve lower timeframe bullish breaks of structure inside the FVG. --- Summary: SOL is offering a textbook retracement setup on the 1H, with price pulling back into a confluence of a Fair Value Gap and golden pocket (0.618–0.65). If the zone is respected, the next likely destination is the buy-side liquidity resting above previous highs. The reaction within this area will be key to validating the bullish scenario.