Part 1: https://www.tradingview.com/chart/BTCUSDT/yifcqKZB-Where-can-Bitcoin-Go/ Same chart. Same structure. New tension. This is Part 7 of my ongoing series “Where Can Bitcoin Go?” — and this chart has been with us since the Dec 2020 breakout . Every level continues to hold weight, and now we’re back in a decision zone. ? What’s In Play Right Now? We just came off the second rejection from massive structural resistance — no surprise. Now we hover just above support with two clear paths: ? 70% chance: BTC holds → heads to 115K (3rd test breakout) ? 30% chance: We dip to 59K — the historical support turned S/R zone ? Key support right now: 79,412 74,394 59,170 (Major ascending structural support) ? Resistance zones: 88–89K 111–115K (untouched 3rd test) ? Keep Perspective You can blame the move on Trump, tariffs, CPI, or altcoin noise… But I say this every time: Stick to the levels. Ignore the noise. This same chart gave us: ✅ The 2020 breakout ✅ The 2021 blow-off tops ✅ The delayed breakout in Feb 2024 ✅ Long re-entry at support It’s all here — and it’s still working. ? So... When? If breakout comes: June–July is my watch window. If not: Don’t panic — 60K is a valid support and part of the playbook . My stance? Still long. Always long BTC. Short altcoins if you must. But Bitcoin is still the king of this game — and structure still favors upside. The third test might just be the breakout. Or it might be the trap. Either way — the structure is the strategy. One Love, The FXPROFESSOR ?
US30 1-Hour Analysis - Potential Trading Setup Technical Outlook — 11 April 2025 Current Market Condition: US30 on the 1-hour timeframe is currently trading within a short-term ascending channel, showing a recent test of the upper trendline. The price is now exhibiting signs of potential bearish pullback within this channel. Potential Trading Setup: Bearish Pullback Setup (Primary Scenario): Entry: Look for confirmation of bearish rejection from the upper ascending channel trendline. This could be in the form of bearish candlestick patterns (e.g., bearish engulfing, pin bar) on the 15-minute or 30-minute timeframe after testing the channel top. Stop Loss: Place a stop loss above the high of the rejection candle or above the upper channel trendline to protect against a potential channel breakout. Take Profit Targets: TP1: The middle of the ascending channel (currently around 40,600). TP2: The lower trendline of the ascending channel (currently around 40,300 - 40,400). Potential TP3: If the channel breaks down, the next support zone around 39,800 - 39,900. Rationale: Trading within an ascending channel often involves buying at the lower trendline and selling at the upper trendline. The recent rejection at the channel top provides a potential short opportunity for a pullback towards the lower trendline. Bullish Breakout Setup (Lower Probability, Requires Strong Confirmation): Entry: Consider a long entry only upon a strong and sustained break above the upper ascending channel trendline (around 41,000). Look for strong bullish candlestick patterns and increasing volume on the breakout. Stop Loss: Place a stop loss below the low of the breakout candle or below the upper channel trendline after it has been broken. Take Profit Targets: TP1: Previous swing highs or resistance levels above the channel (refer to the chart for specific levels). Rationale: A breakout from the ascending channel could signal a continuation of bullish momentum, but requires strong confirmation to avoid false breakouts. If you found this analysis valuable, kindly consider boosting and following for more updates. Disclaimer: This content is intended for educational purposes only and does not constitute financial advice.
Traders face a choice: hold BABY for its protocol potential or trade its volatility. Here’s how to decide: Long-Term Case: Babylon’s innovative architecture and growing Bitcoin staking utility suggest long-term appreciation. Promotions can drive initial liquidity, supporting higher prices over time. Short-Term Case: Promotional periods create trading opportunities with clear entry/exit points. Use RSI and volume spikes to time exits before profit-taking occurs. Final Tip: If you’re unsure, split capital between a long-term hold and short-term trades to balance risk and reward.
Nifty 22828 - Has closed with a HS pattern in 15 minutes chart near resistance of the raising flag bearish pattern . We expect Nifty to drop down to technical target 22540.
The British pound is up sharply on Friday, extending its rally for a fourth straight day. In the European session, GBP/USD is trading at 1.3088, up 0.94% on the day. The pound has surged 2.9% since Monday. UK GDP higher than expected February with a gain of 0.5% m/m. This followed a revised 0% reading in January and beat the market estimate of 0.1%. This was the fastest pace of growth since March 2024. Services, manufacturing and construction all recorded gains. For the three months to January, GDP expanded 0.6%, above the revised 0.3% gain in January and higher than the market estimate of 0.4%. The strong GDP data is welcome news amid all the uncertainty created by US President Trump's tariff policy. The UK's largest trading partner is the US and the 10% tariffs on UK products will hurt the UK export sector (Trump has suspended an additional 10% tariff for 90 days). Bank of England expected to lower rates in May The turmoil in the financial markets and escalating trade tensions has the Bank of England worried. The markets have priced in a rate cut in May, betting that the BoE will ease policy in order to support the weak economy, even with inflation above the 2% target. The BoE kept rates unchanged in March and meets next on May 8. The US-China trade war rose up a notch on Friday, as China announced it would raise tariffs on US goods to 125% from 84%. This move was in response to the US lifting tariffs on China by 125% this week, for a total tariff rate at 145%. The trade war will dampen China's economy and Goldman Sachs has lowered its 2025 GDP forecast for China to 4.0% from 4.5%.
Promotions can lead to sharp rallies followed by deep drawdowns. Here’s how to protect your capital: Risk Management Tips: Trailing Stops: Use trailing stops to lock in profits as BABY rallies. Dollar-Cost Averaging: Enter positions in stages to reduce average cost. Sentiment Indicators: Monitor social volume (e.g., on Twitter) for signs of overhype. Promotion Insight: Claim the airdrop early to hedge against potential drawdowns post-promotion.
Babylon’s technical and fundamental strengths can guide entry decisions. Here’s a hybrid approach: Fundamental Factors: Protocol Utility: BABY’s role in Bitcoin staking and shared security adds long-term value. Promotional Support: Airdrops and USDT rewards can drive short-term momentum. Technical Setup: Look for bullish patterns (e.g., golden crosses or rising MACD) near support levels. Actionable Idea: If BABY breaks above a key resistance level with high volume, consider a long position with a target of $0.08.
Gate.io’s 30,000 USDT reward pool is a strong incentive, but traders need a strategy to maximize participation: Steps to Optimize: Volume Targets: Aim for high-volume trades to increase your share of the USDT pool. Time-Based Entries: Trade during peak hours (e.g., Asia/EU overlap) for better liquidity. Exit Strategy: Take profits incrementally to avoid missing out on rewards if BABY corrects. Risk Tip: Avoid holding large positions overnight during promotional periods—volatility can spike unexpectedly.
On-chain metrics can provide insights into BABY’s potential price action. Here’s how to analyze them: Key Metrics: Exchange Inflows: Sudden spikes in exchange deposits may signal selling pressure. Active Addresses: Rising active addresses indicate growing interest—bullish for price. Largest Transactions: Monitor large transfers for signs of whale activity. Trading Idea: If on-chain data shows increasing active addresses and declining sell pressure, consider a long position with a stop-loss at recent lows.
While BABY’s promotions offer lucrative rewards, can amplify losses. Here’s a risk-managed approach to futures trading: Leverage Strategy: Use 3x leverage for short-term trades to limit exposure while maximizing potential gains. Set stop-losses at 5% below entry to protect against sudden reversals. Promotion Timing: Claim the airdrop before entering futures trades to hedge against downside risk. Technical Signal: If BABY’s RSI drops below 30 after a pullback, consider a long position with a target of $0.06.