Bitcoin is showing signs of rejection at the strong resistance zone near $97,000 on the daily timeframe. Despite recent bullish momentum, price action is failing to break above the previously established supply zone, indicating a potential reversal. Key Levels: • Resistance: 97,224 • Support 1: 94,521 • Support 2: 88,305 • Support 3: 80,466 • Final Target: 70,465 Analysis: BTC/USD tested the 97K resistance zone but failed to break through, forming a potential double-top pattern. This rejection could lead to a deeper correction, especially if price breaks below 94.5K and 88K in the coming days. The downside target is around the 70K support level, aligning with historical demand. Bias: Bearish Timeframe: Daily (1D) Confirmation Needed: • Daily candle close below 94,500 • Increased volume on selling • No bullish engulfing reversal near support zones Risk Management: Stop-loss above 97,500. Consider partial take-profit levels at 88,300 and 80,400.
I saw quasimodo pattern in this chart looking forward to sell more
If the US unemployment rate closes above 4.2%.. Things could get real ugly, real fast. See 2008 crisis.
Price is currently consolidating just below the 8,490 ? resistance after a strong bullish rally. The structure remains bullish with consistent higher lows, and price is testing a key supply-turned-resistance zone. Bulls need a clear breakout to maintain momentum. Support at: 8,378 ?, 8,165 ?, 7,935 ?, 7,600 ? Resistance at: 8,490 ?, 8,625 ?, 8,729 ? Bias: ? Bullish: A confirmed breakout above 8,490 could trigger a continuation toward 8,625 and 8,779. ? Bearish: Rejection at 8,490 or break below 8,378 could initiate a drop back to 8,165 or lower. ? Disclaimer: This is not financial advice. Trade at your own risk.
Bullish Wedge Flag pattern The price broke out on last week and has retested today. In the chart of the week frame, the price is on the MA200 line. The price now (Closed on 04.30.2025): $31.86. Price target: $48.18/ $63.05 IMO, amateur trader.
up to 557 Wednesday after market close Meta & Msft earnings And Tomm is apple earnings after market close.
Price is currently testing the 40,770 ? resistance zone after a strong bullish push. This level has previously acted as a key ceiling and could determine the next directional move. Price has been climbing steadily with higher lows, indicating bullish momentum. Support at: 40,194 ?, 39,070 ?, 36,800 ? Resistance at: 40,770 ?, 41,552 ?, 42,540 ? Bias: ? Bullish: A clean breakout and hold above 40,770 could open the path to 41,552 and 42,540. ? Bearish: Rejection at 40,770 or a drop below 40,194 could signal weakness and send price back to 39,070. ? Disclaimer: This is not financial advice. Trade at your own risk.
An observable lateral range structure emerges on the gold (XAU/USD) 1-hour chart, with a clearly respected support zone. The proposed idea suggests a potential 'W' pattern forming at the lower part of the range, indicating accumulation. If confirmed by favorable price action, an upward move toward the upper range resistance is anticipated. This entry aims to capitalize on a technical rebound from support, targeting a prominent liquidity zone above.
I previously called out the massive push up we had in NASDAQ:HTZ now I am looking for more or less a scalp play. Looking to fill the gap and get in below $6. If that does not happen we will not get filled. I will update when I can. Good trades to ALL!
Key Observations: Current Price: BTC is trading at approximately $94,537, with slight upward movement (+0.30%). Support Zone: A strong horizontal support is identified just above $93,000 (highlighted with a blue line at the bottom). Breakout Setup: Price appears to be forming a potential ascending triangle or range consolidation. Blue arrows indicate a bullish projection, anticipating a breakout above the local resistance. Target Levels: Target 1: Around $95,010.76 – first resistance level. Target 2: Around $96,002.52 – second resistance level. Target 3: Around $97,095.72 – final resistance in the chart. Volume & Candlestick Activity: Price is currently oscillating within a tight range, indicating a potential buildup before a breakout.