Despite pressure stemming from President Donald Trump’s recent tariffs, analysts at Bernstein note Bitcoin’s relative resilience, particularly on shorter-term time frames where a double bottom pattern suggests underlying bullish interest. Bitcoin’s ‘safe haven’ appeal may be resonating with investors more than previously. However, the longer-term chart reveals price action still maintained within a multi-month downtrend. After briefly rising above $80,000 on April 9 (peaking at $83,000), the price has since pulled back, confirming last week’s losses and raising the risk of further downside.
Beautiful retest of Golden Pocket SPY. Last time was August 5th 2024 Yen Carry Trade test.
BINANCE:SOLUSDT ??? We are likely approaching one of the final moves down before a significant push higher. But before that, I expect one last move up to the $142 area, forming what I believe is a Red ABC corrective structure. ? Red Wave A-B-C Red Wave A has likely already completed, confirmed by a clean White ABC move. We are now inside Red Wave B. ✅ Ideal Long Entry Zone The ideal entry would be near the 88.7% Fibonacci retracement, which aligns with Green Wave B around $119.4. From that level, I expect a drop down toward $100, completing Red Wave B. ? What Comes After? From the $100 zone, two possible scenarios for Red Wave C (or Wave 1 of a new impulse): A 1-2-3-4-5 impulsive wave structure to the upside Or a corrective A-B-C structure We’ll need to carefully watch the first move out of the $100 zone: A 5-wave move would suggest a new bullish impulse has begun A 3-wave move might just be a larger corrective rally ? Upside Target: $142 Once we hit $142, I anticipate another corrective move downward. This could take the form of: A clean ABC A complex correction (A-B + 1-2-3-4-5) Or even a direct impulsive 5-wave drop Again, the key is watching the first leg down from $142 – whether it's impulsive or corrective will define the entire next phase. ⚠️ Summary: Current focus: Entry near $119.4 (88.7% Fib), targeting $142 Caution: Expect volatility – structure will only become clear wave by wave Watch: Reactions at $100 and $142 for structure confirmation Let me know what you think below! Like & follow if you enjoy deep EW breakdowns!
Tesla Inc. (NASDAQ: NASDAQ:TSLA ) faced another sharp sell-off on Thursday 10th. The stock dropped 7.27% to close at $252.40, down $19.80 for the day. However, volume was high, reaching 399.04 million shares. The fall followed reports of build quality issues in Tesla’s Cybertruck. Owners posted complaints on the Cybertruck Owners Club forum. Several noted that the vehicle’s metal panels had detached. Additionally, videos showing Cybertruck damage in cold weather gained attention on social media site X. These reports raised concerns over production quality. Tesla had been recovering before the recent plunge. However, concerns about product reliability appear to have paused the rebound. Technical Analysis The 3-day chart shows Tesla in a strong downtrend. The stock broke below $290, triggering a drop to around $220 before bouncing back to $252. Price recently respected a key support near $190m, which may act as a floor for future declines. High volume near support signals buyer interest. If Tesla breaks above $290, it could retest $300. That zone acts as resistance and aligns with the 50- and 100-day moving averages at $252 and $232, respectively. The longer-term target is near $488, but the price must clear $290 first. A failure to hold support near $220 could send the stock back toward $180. The RSI is at 42.77, slightly above oversold. Momentum is weak but may shift if price builds support above $250. Tesla’s next move depends on how it manages both technical resistance and consumer concerns.
Here is my opinion about CHF/JPY , You can see on D TF , We have a very strong res area forced the price many times to go down hard , so after this big movement to upside we need a little correction to downside , so i`m waiting the price at this res to give me any bearish P.A And then we can enter a sell trade with 250 pips target .
On Thursday (April 10th), the United States announced that the CPI in March decreased by 0.1% month-on-month, and the number of initial jobless claims remained stable. The data falling short of expectations put pressure on the US dollar. Spot gold rose sharply, hitting a maximum of 3,174, surging 3.32% within the day and setting a new all-time high. With the intensification of geopolitical risks combined with the decline in inflation, the safe-haven demand for gold has surged. The cumulative increase in the past two days has exceeded 200, marking the strongest single-week performance in a decade. On the 4-hour time frame, the support level has shifted upward. The 1-hour moving averages of gold have formed a bullish arrangement with a golden cross pointing upward, indicating that the bulls in the gold market still have the momentum for further upward movement. Currently, the gold price has refreshed its all-time high, so it is not advisable to blindly chase the upward trend at this time. For short-term trading strategies, one can wait for the price to pull back. After the price stabilizes at the lower levels, one can go long against the trend in combination with the support level. In the short term, focus on the support levels around 3,140 and 3,135. On the upside, pay attention to the short-term resistance range of 3,185 - 3,190. If it closes strongly today, it is still advisable to go long tomorrow (Friday), aiming for above 3,200. Given the current volatility, it will reach that level soon. At the same time, closely monitor the changes in the trade war over tariffs, as this is currently the dominant factor in the market. Overall, for short-term trading of gold today, the main trading idea is to go long on the pullback and short on the rebound as a secondary strategy. In the short term, focus on the resistance level of 3,185 - 3,190 on the upside, and the support level of 3,136 - 3,140 on the downside. XAUUSD buy@3140-3150 tp:3170-3180 I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS ?Let’s learn and grow together ? ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support ??? ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
As you can easily See, despite all the unsettled News and events in recent days, the current Week candle has returned to GREEN having hit that 50 SMA. To remind you, we began the week with a RED candle BELOW that 50 SMA. This is Very important for sentiment. We bounced off that 50 back in 2024 and went to ATH. To remind you, we have hit the 50 at the same time as the weekly MACD has entered a Bounce Zone, very near Neutral. https://www.tradingview.com/x/tovAtHqU/ The MACD chart above shows you that the Histogram bar has also returned to White, showing a possible turn of favour from Bearish to Bullish. BITCOIN IS SO READY TO GO We just need the investors that are pouring money into the Snail called GOLD, to realise the Future is BITCOIN We wait
Weekly: https://www.tradingview.com/x/PcOr5dTz/ -Bullish market structure. -OB could create a reaction to the upside. -Order flow leg. Daily: https://www.tradingview.com/x/9qXvhaho/ -Bullish M pattern. -FVG. -Liquidity sweep. 4H: https://www.tradingview.com/x/zDlHLlBc/ -Bullish M pattern. -Inverse H&S pattern. -IC.
market sold off and I think it will continue for a few days at least. If it starts getting over 5400, something else is happening. A break below 5100 will be confirmation we are going to test the lows, and possibly lower to the monthly BB