The bearish bias seen in previous sessions appears to have paused temporarily, giving way to a notable bullish momentum, which has driven gains of over 1% in the short term in favor of the British pound. Today’s White House announcement to temporarily pause tariffs on several previously threatened countries—excluding China, which could face tariffs of up to 125%—has weakened the U.S. dollar in the short term. This shift has allowed the British pound to regain ground, supporting a steady bullish bias in the GBP/USD pair. Upward Channel Since January 14 of this year, bullish strength has been dominant, forming a clear ascending channel that has repeatedly pushed the price above the 200-period moving average. Recent bearish swings have failed to break through the ascending trendline, which remains intact, making this bullish channel the most important formation to monitor for now. TRIX Despite recent declines in the TRIX line, the indicator continues to oscillate above the zero level. This suggests that buying momentum remains intact when averaging recent moving periods. As long as the TRIX line continues to hold above the neutral level, bullish strength may become increasingly consistent in the short term. RSI The RSI line is approaching the 50 level, which marks the neutral zone on the indicator. However, if a significant breakout above this level occurs, bullish impulses could become dominant in the market—potentially strengthening upward pressure on GBP/USD. Key Levels: 1.29275 – Near Resistance: This level represents the recent weekly high. Bullish moves above this level could reinforce the short-term buying bias and lead to more sustained upward momentum. 1.27772 – Near Barrier: This level aligns with the 200-period moving average. Continued price action around this zone may lead to neutral consolidation and the formation of a short-term sideways range. 1.26183 – Final Support: This level corresponds to late February lows. A confirmed break below this support could signal the end of the current bullish channel. By Julian Pineda, CFA – Market Analyst
Small caps got hit hardest by the tariffs, fell the most, went up the least today, and has the furthest to go to fill the futures gap and also the all time high (ATH). I think RTY (IWM ETF) will outperform ES/NQ (SPY/QQQ) the next 90 days as Trump unwinds all of the tariffs including the 10%. He'll more than likely repeal the China tariffs in the next week or so, which will be the next huge move up. Trump is gaming the market, just go long with stock or long dated calls.
Resistance lines which have been hit every crash show where the market may bounce off of in the future. If the main upward sloping trendline breaks and a major stock market crash happens then 3000 would be a major level of resistance and probably wont break; thats if it even gets that low in the first place.
If CRYPTOCAP:BTC can break back above ~$84k then we could continue to follow my OG setup (yellow) and rip, but since PA dumped slightly below the 50WMA it technically invalidated my inverse h & s idea. A rejection of $84k would dump us back to ~$78k to form the right shoulder (red) and complete the setup. nonetheless, i believe we've seen the bottom ?
Gold has found its support at 2970 yesterday and went all the way up, almost touching 3100. Ahead will be a strong resistance from 3105-3012. I am expecting it to respect the resistance and move towards 3025. If we see a red 4hrly candle, it will be downside confirmation. Let's monitor the price action closely.
BTC/USD Daily Technical Outlook – April 9, 2025 Bitcoin is currently consolidating just below the psychological $85,000 level after a historic bull run that pushed price to fresh all-time highs. The market is cooling off — not crashing — with price action forming a high-tight flag, often a continuation signal after a vertical move. However, with momentum slowing and volatility compressing, traders must prepare for a major breakout or breakdown in the coming days. ? Trend Structure: BTC/USD remains in a strong bullish trend. Since the breakout above $69,000 (previous ATH from 2021), the rally has been aggressive and directional — barely giving bears a chance to breathe. Price has formed a series of higher highs and higher lows, respecting a steep ascending trendline since early February. But now, the pair is coiling near the highs, forming a tight range between $80,000 and $83,500. ? Key Resistance Zones: $83,500 – $85,000: Immediate resistance; this area has capped price multiple times in recent sessions. A daily close above this zone could trigger the next leg higher. $88,000: Near-term bullish target based on measured move from recent consolidation. $90,000 – $92,000: A psychological milestone — and a possible magnet for price if bulls break out cleanly. ? Key Support Zones: $80,000: Round number support — the floor of the current consolidation. $76,500: Previous breakout zone and minor demand area. $72,000 – $74,000: Major support and ideal re-test level if BTC corrects — where many sidelined bulls are likely waiting to buy in. ? Technical Pattern: Bitcoin is forming a high-tight flag — a bullish continuation pattern typically found after strong vertical rallies. The range is tightening, volume is dropping, and volatility is compressing — classic signs that a volatility expansion is coming soon. A breakout above $83,500–85,000 would confirm the flag and likely ignite a sharp move to FWB:88K or higher. On the flip side, a breakdown below $80K could send price to retest $76.5K or even $74K — which would still be healthy within the broader trend. ? Scenarios to Watch: ✅ Bullish Scenario: A breakout and daily close above $85,000 would confirm the continuation pattern, targeting $88,000 first, then $90,000+. Volume and candle structure will be key to confirming the move. ❌ Bearish Scenario: If price fails to break out and instead drops below $80,000, a correction could unfold toward $76,500 or even $74,000 — presenting a potential re-entry opportunity for long-term bulls. ? Conclusion: Bitcoin is trading near all-time highs in a classic consolidation phase. Price action favors the bulls, but the breakout hasn’t confirmed — yet. Whether BTC breaks above $85K or drops below $80K will likely define the next major swing. As always, let the candles tell the story — and don’t chase, wait for confirmation. ? Are we about to see Bitcoin above $90K? Or is this distribution in disguise? Drop your thoughts ?
I always like to mock Cathie, so just throwing up a plot for fun. Orange line is today's close after a 10% market day. If you invested in ARKK in 2018, congrats, you broke even today, lol. She got a reputation from picking a bunch of speculative stocks during the COVID days, you can see the performance since just plain out sucks. 12% of her holdings is still in TSLA, lol. ARKK also owns 10% of PD float (as in 10% of the whole company). She singlehandedly pumped PD during COVID, and now she's stuck with that, there's no liquidity. The worst part about this? If you had invested in TSLA instead of ARKK in 2018, you'd be up 10x right now. 4X if you bought AAPL. Why even bother with this fund? Note: No position, just hate listening to her pump TSLA all the time, $2600 in 5 years, lol.
I had the setup (as picture below) and i was expecting more than 2-3% Short trade. Very nice small reaction on POC line. ? ? The short gave us 1.9 % . THEN: Trumps announced news : crypto prices pump as Trump pauses tariffs for 90 days. This ruined our trade to go lower. BUT: as i saw that volume is breaking out of grey triangle (green arrow), i closed the Short on break even. Volume broke out before price broke above blue TL. Happy to get small profit AND break even, despite sudden news. Original Signal/Ta: https://www.tradingview.com/x/3Mv6HruX/ NOW: Volume has still very clear bearish divergences in multiple time frames. CVD, Delta and footprint shows, that shorts are opening. A SHORT right here on orange TL is reasonable. Here a higher TF of BTC and orange TL:https://www.tradingview.com/x/XTq5sDC4/ Follow for more ideas/Signals. ? Look at my other ideas ? Just donate some of your profit to Animal rights and rescue or other charity :)✌️
EURUSD could do a straight away but I'd like to see some sort pullback before heading bearish.
Magic Eden, once valued at $1.6 billion during the height of the NFT boom, is expanding beyond digital collectibles. The Solana-based NFT marketplace acquired Slingshot Finance, a cross-chain crypto trading app, in a move that allows the company to compete directly with centralized exchanges. Magic Eden CEO Jack Lu called the acquisition a “big bet […]