? Welcome to TradeCity Pro! Let's delve into the analysis of Bitcoin and key crypto indices, focusing today on the New York futures session triggers as usual. ? Yesterday, the market was in a corrective phase of a downward trend, coinciding with news about the date of a meeting between Iran and the USA, which caused a slight upward movement in the market. ? As I mentioned, due to the low market volume, any news from the USA can significantly impact the price. The news was that Iran and the USA have scheduled a meeting for Saturday to negotiate an agreement. ? However, a more significant news item that the whole world is waiting for is China's reaction to the 35% tariffs imposed by the USA. Trump has declared that if China does not accept these tariffs within the next few days, he will increase them to 50%. ? If this happens, the next downward leg in price might begin. However, if news comes out that these two countries are nearing an agreement and are ready to negotiate tariffs, the market will undoubtedly move upwards, and this news could even be the start of a new bullish trend. Let's move on to the chart to find the technical triggers. ⏳ 1-Hour Timeframe As I said yesterday, with the breaking of the 50 area in the RSI, the price underwent a deeper correction and moved upwards. ⭐ It appears that an ascending structure is forming, and the price is steadily moving upwards. However, this movement doesn't have much upward momentum, and its volume isn't very high. ? Today, for a short position, we can open a position in line with the trend at a high risk with the break of the 78913 area. The price has corrected to a reasonable extent and has pulled back near the SMA99. If the price moves towards this SMA and gets rejected, the importance of breaking 78913 will increase. ? The main trigger is currently the 74760 area, which is the market's primary floor. However, in general, I believe that the market structure isn't yet in a state where we should open major positions, and we should wait for more structure to form. This way, we can open more secure and precise positions, which would allow us to take higher risks and ultimately make more profit. ? If you want to open a short position with the break of 78913, the RSI moving below the 50 area could be a good confirmation, but be careful not to involve too much risk. https://www.tradingview.com/x/TYCAkzSn/ ? BTC.D Analysis Let's move to the analysis of Bitcoin dominance, which is still ascending and has created a temporary support floor at 63.30. If this area breaks, we might temporarily confirm a decline in dominance. ? Keep in mind that the dominance trend is bullish in all market cycles, and breaking this area does not mean a bearish trend. However, if it breaks 63.30, dominance might pull back to 63.07 and could enter a correction phase for a few days, which would impact our position choices. ✔️ If dominance is supported from this area, the likelihood of its continued growth increases. https://www.tradingview.com/x/MZywNsKl/ ? Total2 Analysis Moving on to the analysis of Total2, as you can see, with the slight correction of Bitcoin dominance, this index has performed slightly better than Bitcoin and has currently reached a similar peak at 920. ? The short trigger I gave on Bitcoin at 78913 is a better trigger compared to Total2, where the 896 area has not yet been tested and is riskier than Bitcoin. ? For long positions, you can open one with the break of 920, but I do not recommend it because the market is in a downward trend, and there is a downward momentum in the market, and since I do not trade against the trend, I also do not recommend that you take a long position against the downward trend. https://www.tradingview.com/x/Lv4RMbK4/ ? USDT.D Analysis Finally, the analysis of Tether dominance is performing similarly to Total2 and is currently fluctuating between 5.73 and 5.84. ✨ Both of these areas could be used as triggers, but as I mentioned, it's better to wait for the market to create more structure and reveal the main triggers. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
https://www.tradingview.com/x/rkFGunno/ My dear friends, CADCHF looks like it will make a good move, and here are the details: The market is trading on 0.6030 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.6097 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
Conditions are ripe for a decline and the chart is waiting for news to create momentum.
35EMA in focus. Just underneath the island gap Sitting on top of the 200W moving average which is a big level and should offer some support - maybe a slow down and a place to digest tariffs here
? Descending Channels Breaking Into Rallies Every major downtrend since early 2022 has led to a sharp rebound once GALA hit the strong support around $0.012. The current price action mirrors the previous patterns: ? Descending channel ? Strong base retest ? Breakout and rally afterward We're currently testing this same base for the fourth time, and price just bounced with a green weekly candle, signaling potential accumulation and weakening selling pressure. ? What to Watch For: Break above the downtrend line (~$0.016) = confirmation First target: $0.030 Second target: $0.080 (mid-range historical level) ⚠️ Risk Management If the $0.012 base breaks with volume, invalidation likely. Stop-loss below $0.0115 recommended for tight risk control. ? TL;DR: GALA is repeating a multi-phase bottoming pattern. The support zone is still respected, and momentum is shifting. A breakout here could signal a mid-term reversal.
Long Trade #1: H4 TCT (Trend Reversal Strategy) - wait for the close and break of the double bottom neckline, then a retracement to 61.8%. Short Trade #1: H1 TCT (Trend Continuation) - ongoing Short Trade #2: m15 TRS on H1 TCT - wait for the close and break of the double top neckline, then a retracement to 61.8%. Triple Divergence is also visible. CRT can also be applied on the BO of the lower trendline of the ascending channel. Trade with care and good luck!
I went for it here - 187/188 bear call spreads at the top of today's range. let's stay in range today
Gold market analysis: The gold market has been fluctuating a lot in the past few days because of the tariff issue, which has led to too much uncertainty in the market. Gold closed with a large tombstone candlestick pattern on the weekly line, which means that the top has appeared. Short-term buying is not as strong as those. Yesterday, gold hit a new low again. The daily cross star has a very long upper shadow. Today, we are more inclined to sell in the face of large fluctuations. Gold may continue yesterday's fluctuations. Today, we need to focus on finding the rhythm. It swings up and down by dozens of points. Buying and selling games are used to intercept the range. 3055 is already a new large suppression position. Today, 3055 is weak below. If it breaks, we will see a new buying momentum. In the Asian session, we focus on the small suppression in the 3013-3016 area. This position is the bottom of yesterday's small shock. In addition, the indicator suppression position is 3008-3010. The Asian session is rising strongly. The 4H is expected to close with a big positive. You can decisively sell at the suppression position. Even if it breaks, there will be a large-scale retracement. If gold stands near 3016, it may return to the oscillation range of 3016-3055. Suppression 3013-3016, strong pressure 3045 and 3055, support 2986, 2971, 2956, the strength and weakness dividing line of the market is 3000. Fundamental analysis: The US tariffs on the world are still brewing, which has also led to a sharp drop in global stock markets, and the market is not optimistic about expectations. Later this week, we will focus on the heavyweight CPI data. Operation suggestions: Gold----Sell near 3013, target 2980-2960
https://www.tradingview.com/x/A5Emc970/ My dear subscribers, This is my opinion on the NZDCAD next move: The instrument tests an important psychological level 0.7949 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.7903 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ——————————— WISH YOU ALL LUCK
NASDAQ:QQQ Trading Range for April 8 2025 Opened near the top of the trading range for the day!! How are you guys going to play this?