This is the BTC weekly & daily charts showing support & resistance levels using pivots, moving averages, & Fibonacci Retracement levels.
Bitcoin has broken the 81,500 minor support and is now in the process of testing the recent swing low 78K to 76K AREA. With the lower high structure at the 88K area (see arrow) in place, a lower low is likely to follow in the coming week. The question is how much lower? One reasonable estimate is a test of 73K (the previous all time high before November). The current area between 79 and 76K does present a buying opportunity on multiple time horizons (investment, swing trades, day trades) but the key to timing this WAITING for confirmation. From the investing perspective, this is an attractive low because this may establish a reversal formation (double bottom) which may be the bottom of Wave 4. IF this turns out to be true, Wave 5 can potentially begin here. Price can probe as far as 64K before overlapping with Wave 1 of this impulse. Stepping into this our placing a limit order at a lower price is reasonable, but managing risk on this time horizon has a lot to do with your sizing strategy (I have explained this on many streams). Keep in mind price can BREAK and test 73K or lower and you must consider that possibility into your sizing strategy. As far as swing trades, its the same idea except this is where a defined risk (stop) and profit objective has to be assigned (Trade Scanner Pro shines here). While the level is ideal for a double bottom or failed low (see illustration), there is NO confirmation. So it is still highly risky to step into this, especially in light of the stock market situation, etc. Wait for a bullish pin bar, engulfing candle, etc. You can define risk from there and utilize at least a 2:1 or greater profit objective. For day trades, its the same process just on smaller time frames, (1 min to 15 min). Just on the day trade time frame, at this time, SHORTS can still be attractive on minor retracements because momentum on these time frames is CLEARLY bearish. If 79K breaks, there is a greater chance momentum continues toward the 76K AREA low. I realize there must be some news catalyst in play to spark such a move. DO NOT react to the news, this is often a mistake. It doesn't matter what it is because this is a game of recognizing herd mentality behavior and identifying potential opportunities in this context. You want to anticipate an inflection point, WAIT for price behavior to confirm. At that point you can identify risk, and profit expectations. THIS is a MORE objective process compared to "thinking" you know how the news will affect a market. Keep decision making as simple as the "IF this, then that" framework which gives you a more accurate view of market intent since it encourages a more passive view rather than asserting your own irrelevant opinions. Thank you for considering my analysis and perspective.
Risk aversion intensified on Friday, sending the Australian dollar down 4.56% and the New Zealand dollar 3.53% lower. The declines followed a move by US President Donald Trump to impose a 10% tariff on imports from both Australia and New Zealand. Australian Prime Minister Anthony Albanese confirmed there would be no retaliation, noting the US represents less than 5% of Australia’s export market. New Zealand, with a higher 12% exposure, also ruled out countermeasures. For the New Zealand dollar, markets will now be focused on this week’s Reserve Bank of New Zealand decision, where a 25-basis point rate cut is widely expected. Barring further tariff news, this could be the most important event determining whether this sell-off continues.
ULTA holding up reasonably well compared to the market. Bound by Golden Genesis above and a Golden Covid below. Watch for break of either Golden to determine next move. $370.57 above, $349.27 below are the exact levels to watch. ===================================================== .
One month look-back shows nice rebound at high 70k. This was a man-made recession and weak hands are selling. Will pump back-up and weak hands will be out 20-30% easily. The last 2 trading days, most people would have expected BTC to tank the same as the S&P, but it didn't! Will likely rebound back this week past low / mid 80k easily. Best of luck and safe trading!
In this AI Mega cycle there were 2 clear visible winners. NASDAQ:NVDA and $AVGO. Broadcom ( NASDAQ:AVGO ) has had a late bull run in the AI super cycle which started in 2022 and was ongoing until Dec 2024. During this tariff-based bear run NASDAQ:NVDA is almost down 40%. The same is true for Broadcom. NASDAQ:AVGO is also down 40% from the ATH. But we must investigate the confluence of some more technical indicators on top of the simple % drawdown we see in stocks. The 2 most helpful indicators are the RSI and Fib retracement levels, which can give us some more price levels which we might be looking forward to in the upcoming weeks. The RSI is at 36 on the weekly chart for both the stocks NASDAQ:AVGO and $NVDA. But let’s focus on NASDAQ:AVGO in this blog. Today we are combining the Gan and Fib retracements levels on the weekly chart of NASDAQ:AVGO and we see the clear price levels. We are already at 0.618 Fib retracement which is the price level 145. We closed @ 146 $ on Friday. If we break tis support level, then the next level we are looking at is 121 $ which will be 0.5 Fib retracement levels. If that level is broken, then we are looking at a 100 $ Stock price on $ AVGO 0.382 Fib retracement level. Verdict: Buy 33% now, buy 33% between 120 $ - 130 $ , buy the rest 33% between 95 $ - 100 $
Elliot wave analysis suggests a correction ending around 28.25 or 26.20. We need a short-term bullish retracement before continuing the downtrend towards our sell TP at 28.25. If the price respects this area, a new uptrend is possible. This is a long-term analysis.
? XAUUSD 1H – Key Decision Point Ahead | Bullish or Bearish Continuation? Gold is currently trading around the $3038 mark after a sharp bearish impulse. Price is now reacting to a significant demand zone near $3020–$3030, which has previously acted as support. ? Scenario 1 – Bullish Play: If price holds above the $3030 zone, we could see a recovery toward the $3047–$3067 supply area. A clean break and retest of $3067 could open the door for a bullish continuation toward the $3140–$3160 zone. ? Scenario 2 – Bearish Continuation: A clean break below $3020 could trigger further downside. Watch for a bearish retest of the broken structure, targeting $3000, and possibly $2960 liquidity levels below. ? Bias: Neutral for now, awaiting a clear breakout and retest confirmation from the key levels. ? Patience is key here—let price action guide your entry, especially around the $3020–$3047 reaction zone. ✅ Like, follow, and drop your thoughts in the comments — are you leaning bullish or bearish?
I think this zone is the best zone for changing trend to bullish
Someone asked me what the most chaotic scenario for XRP's price could be — and I answered: a long-term Distribution phase. In this image, I illustrate a radical distribution scheme that could potentially extend into late 2025. But first, a sign of weakness — with price dropping below the Corona Dump levels, possibly close to $0.10. Sounds absurd to many, I know. If it's Scheme 1, XRP would drop and then bounce back to the Last Point of Supply (yellow line). If it's Scheme 2 (red line), price could spike between $5 to $6.8, with an average peak around $5.5–$5.7, likely triggering extreme euphoria. But remember, this is just one insane possibility — and it depends heavily on Bitcoin, Market Makers, Supply vs Demand, public interest, and the macroeconomic context. If this scenario plays out… what would YOU do?