Bitcoin's recent price action shows a failure to establish a higher high after an attempted liquidation. The price encountered significant resistance around the $82,000 zone, leading to multiple rejections at this potential support level. Subsequently, there was a decisive break below the $82,000 zone, leaving behind a Fair Value Gap (FVG) in its wake. Following this breakdown, the price retraced back into this FVG, presenting a potential opportunity for a short-term sell entry. The targeted area for this trade is a lower order block situated around the $68,000 zone. This scenario suggests a bearish continuation bias after the failed breakout and the filling of the inefficiency created by the initial downward move.
A review of Price Action for the day. Focusing on setups that we should have taken, why we missed them and how tot take advantage next time we have similar price action.
I have no actual experience on Forex trading and i am NOOB Analyst but here is a simple Analysis i just made in 2 min on the 4hr Timeframe EU/USD. You can see it is now testing the 0.5 level, which may continue to the 618, 0 (for a double top to DUMP again) or all the way up to 1.11 area. Just check the pic and you'll see the fib targets in the proper colours. It's intentionally very simple and short description. MAKE IT OR BREAK IT GUYS! Your criticism is my learning curve. Let it be Positive and Constructive though! This is just my start.
Bitcoin sweet spot buy 62000! Bitcoin sweet spot buy 62000!
It's looking like we're going to break the low I originally had at $481 from the top at $612. The next most likely target is $441, and if we break that $414. Both of those levels are good long term buys, the move should happen this week (and likely tomorrow) and that should mark the bottom for the market.
Major breakdown underway? NQ retracing sharply—watching the July '23 support zone around 15,787 as a potential target. LSMA aligning closely. Bounce or break?
The rsi is producing waves. It looks like we might be hitting the bottom of the current one.
Today, I posted predictions that Bitcoin (BTC) will crash to $26k and the S&P 500 (SPX) will retest COVID lows (see related ideas). Yet, I firmly believe that post-crash, Bitcoin will soar to $1 million per coin—an inevitable outcome that could unfold rapidly, perhaps within one or two years. Consider this: Bitcoin is no longer a fringe, unproven technology. It’s the world’s largest and most robust computer network, running without downtime for 16 years. Critics argue quantum computing will kill it, but they overlook a key point: if quantum computers break traditional encryption, the entire internet, banking system, and digital infrastructure collapse too. Is this possible? Yes, but humanity tends to solve such challenges. By then, quantum-resistant cryptography will likely be implemented, and no profit-driven miner will resist it. Hyperbitcoinization, forecasted 11 years ago (https://hyperbitcoinization.com/), is unfolding now. Reports suggest 60–70% of hodlers never sell, stabilizing supply. Meanwhile, demand is surging globally. Individuals are pouring savings into Bitcoin, selling homes, borrowing, and maxing out credit cards. Visionaries like Michael Saylor borrow billions to buy more. New demand streams keep emerging: ETFs enable retirement account investments, seasoned “wise” investors are finally onboard, institutions are piling in, banks worldwide offer Bitcoin accounts, nation-states and politicians join the fray. Capital is flooding into Bitcoin from every corner, draining other markets. This is arguably the strongest bull market in modern history. Bitcoin’s price lacks traditional fundamentals—it’s a psychological market fueled by belief and emotion. Emotionally charged bull markets don’t fizzle out with quiet distribution; they end in a euphoric squeeze beyond imagination. What’s happening resembles a market cornering (https://en.wikipedia.org/wiki/Cornering_the_market) —not by a malicious group, but by humanity-wide groupthink. Think Tulip Mania or the Dutch East India Company. Skeptical? Read Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay. Bull markets don’t die under selling pressure; they collapse when demand is exhausted. But with capital being siphoned from all markets, when will demand dry up? Only when the price reaches a level requiring infinite capital to push higher. No one knows exactly when, but it won’t be before $1 million per Bitcoin. If my 2008-style SPX crash prediction (see related ideas) proves correct and Bitcoin only falls to 2023 levels ($26k), its resilience will shine. While the SPX retests COVID lows, Bitcoin’s shallower drop would signal unmatched strength. TECHNICAL ANALYSIS Bitcoin’s long-term chart is stunning. Since the 2018 bottom, it’s traced Elliott Waves , , , and . From the 2022 low, we’re in Wave . A pullback to $26k would be Wave (4) within the larger —unlikely to dip much lower. Since inception, the 200-week moving average (MA200 Weekly) has been Bitcoin’s bedrock, supporting every bear market. Odds favor it holding again. A crash to $26k would confirm a four-year consolidation/reaccumulation phase. Once it breaks out, the move will be explosive. This reaccumulation also resembles a rounding bottom, cup-and-handle, and inverse head-and-shoulders pattern—classic bullish signals in a strong trend, promising a massive upward surge post-breakout.
I have highlighted two areas for accumulation before take off.
Gold opened with a mild bullish tone yesterday but faced resistance near 3018 , pulling back briefly before attempting a second push toward 3023 . However, the rally failed to sustain, and price returned near the opening level. Compared to recent sessions, yesterday marked a clear contraction in volatility, suggesting either a bottoming formation or a setup for a directional breakout. From both candlestick structure and indicator alignment, the market appears primed for a potential bullish push today. If momentum builds as expected, a test of the 3037–3043 resistance zone is highly probable. On the downside, 2976 remains the key initial support , followed by 2952 , which was the previous local low. On the fundamental side, no major data releases are scheduled today. However, updates related to tariff policies will likely be the main market driver, and could trigger intraday volatility. ? 【Trade Setup for Today】 ?Sell Zone: 3047–3066 ?Buy Zone: 2968–2942 ?Flexible/Scalping Zone: 2978–3023