1. Harmonic Pattern (Possibly a Gartley or Bat pattern): The points labeled X, A, B, C, D form a harmonic pattern suggesting a potential reversal zone near point D. This pattern typically signals a buy opportunity at the end of the correction (point D), expecting the price to move upward. 2. Support and Resistance Zones: Resistance Zone (upper shaded box): Indicates a price range where BTC has faced selling pressure in the past. Support Zone (lower shaded box): Shows where BTC has historically found buying interest. 3. Ascending Channel: The price is shown to be trending upward in a channel after the harmonic pattern completion, suggesting bullish momentum. 4. Trade Setup: Entry Level: Around $84,513 (current price level marked on the chart). Target Zone: Approximately $88,124, indicated by the green box. Stop-Loss Zone: Below the entry, marked in red (likely just under $83,000). 5. Chart Timestamp: The current chart time is Sunday, April 13, 2025, 08:00 UTC. Interpretation: This chart suggests a bullish outlook for BTC/USD based on harmonic pattern completion and price action within the ascending channel.
BTC just made an imbalance sweep into the 70K range, setting the stage for a bullish wedge formation. Price action now looks poised to mitigate and potentially break above the previous high at 105K. Momentum is building — watch closely yall.follow for more insight, comment , and boost idea
? Trading Idea – Potential Target: €6.3 by Mid-May 2025 The idea of a bullish move toward €6.3 is plausible if: The price continues to hold the support zone within the current range (around €5.0–€5.2). We see a strong breakout above the top of the consolidation range, ideally with increased volume. Broader market sentiment or fundamentals support a rebound (news, earnings, etc.). The €6.3 level aligns with the upper boundary of the sideways range and is a logical first technical target before any deeper trend reversal is confirmed. ⚠️ Risks to Consider: A breakdown below €5.0 could invalidate the bullish setup and resume the long-term downtrend. The overall structure remains bearish, so confirmation is key before entering long positions. Technical Indicators: Tools like Supertrend and predictive ranges suggest momentum is shifting or at least stabilizing. The green dynamic trend line could indicate an early sign of a bullish push, though the price is still within the broader range.
This is a textbook trade, downward channel break and retest!
Here i explain in this trade why i hit a stoploss and how it happend to my collegas
SMC Trading point update technical analysis of Gold (XAUUSD) on a 2-hour timeframe, with a bullish outlook. Here's a breakdown 1. Trend & Structure: Uptrend Channel: Price is moving within a clear upward channel, respecting the trendline. Higher Highs and Higher Lows: Indicates strong bullish momentum. 2. Key Zones: Key Support Level (Yellow Box): Around $3,158.49 – this is the "safe entry point" if price pulls back. First Entry Point: Around $3,222.76 – likely a breakout entry above a local resistance. Target Point: $3,378.01 – a projected bullish target based on continuation. 3. Indicators: RSI (14): Currently above 70 (overbought zone), but still climbing. There's bullish strength, but a pullback may occur soon. 200 EMA: Positioned below current price, confirming the bullish bias. Mr SMC Trading point 4. Expected Scenarios (2 Paths): Bullish Continuation: Price keeps rising, respecting the uptrend and hitting the target. Pullback and Bounce: Price may retrace to the support zone or trendline, then bounce back up to target. Summary of Idea: This is a buy setup: Buy at breakout above $3,222.76 (First Entry) Safer buy at $3,158.49 (Support Re-test) Target: $3,378.01 Watch RSI for pullback clues. Pales support boost ? analysis follow)
Just dropping a multi-timeframe breakdown of my current EW thesis for SPX, starting from the macro and drilling down to now. Big Picture (3M View): https://www.tradingview.com/x/T0z6jzhE/ We’re still grinding through Grand Super Cycle Wave 3 (GSCW3) that I have starting in the 1932 low till now. Scoped in look at Super Cycle W4(SCW4) https://www.tradingview.com/x/duZlAWZ2/ Super Cycle Wave 4 (SCW4) wrapped up around the ‘08-‘09 housing crash lows. Since then, we’ve been in SCW5, and based on current structure, I believe we’re still early or mid-stage, not near the end. Zoom-In: SCW5 to Present (Cycle Degree Breakdown): https://www.tradingview.com/x/blKsUCj1/ From the 2009 lows, price action carved out a textbook impulsive structure into what I’m labeling as Cycle Wave 1 (CW1), which likely topped out ~Dec 2024. The correction that followed has the characteristics of an Expanded Flat: A-B-C structure where Wave C just completed around April 7th. This structure, in my view, forms Wave W of a potential WXY complex for CW2. Now we’re either in: The early stages of Wave X, targeting the 0.618 retracement zone of W (marked on the chart), Or, X has already completed in a shorter move. Alt (Low-Probability) Scenario: There’s a slim case that the ABC (now W) correction was all of CW2 — given how it wicked into a deep, low-probability Fib zone (gray box). If we get a clear impulsive move above that 0.618 area, I’ll pay closer attention to this alt — but for now, I’m leaning toward more downside after this X-wave finishes (if it hasn't already). EW interpretations evolve, but this is my current working roadmap
Bitcoin has made contact with the "diagonal trendline". I believe a close above the trendline will confirm bitcoin to project to a new ATH.
https://www.tradingview.com/x/dYzntaMM/ Here is our detailed technical review for DXY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 99.769. The above observations make me that the market will inevitably achieve 96.117 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
https://www.tradingview.com/x/MGTxQ6VV/ Take a look at our analysis for GBPUSD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.308. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.320 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!