Introduction Swing trading is a popular trading approach that aims to capture short- to medium-term price movements in financial markets. For Bitcoin (BTC/USD), traders often rely on key technical indicators such as moving averages, the Relative Strength Index (RSI), Fibonacci retracements, and candlestick patterns to predict price swings. Based on a combination of these indicators, BTC/USD is showing strong signs of an upward move, making it an attractive opportunity for swing traders. Technical Analysis Supporting BTC/USD’s Upward Move BITSTAMP:BTCUSD 1. Moving Averages Crossovers One of the fundamental indicators used in swing trading is the moving average crossover strategy. If the short-term moving average (e.g., the 20-day EMA) crosses above a long-term moving average (e.g., the 50-day EMA), it signals bullish momentum. Recent BTC/USD charts indicate a bullish crossover, suggesting an uptrend is likely to continue. 2. Relative Strength Index (RSI) Confirmation The RSI measures momentum and identifies overbought or oversold conditions. If RSI is above 50 and rising, it confirms strength in buying pressure. If RSI was oversold (below 30) and starts moving upward, it signals a potential reversal. BTC/USD recently bounced from an oversold region, indicating growing buying interest. 3. Fibonacci Retracement Levels Acting as Support Swing traders use Fibonacci retracement levels to identify potential support and resistance zones. BTC/USD recently retraced to the 0.618 Fibonacci level, which often acts as a strong support zone before an upward continuation. 4. Bullish Candlestick Formations Candlestick patterns help traders predict price direction. A bullish engulfing candle or hammer near key support levels reinforces an uptrend. BTC/USD recently printed a bullish engulfing candle, a strong indication that buyers are in control. 5. Increasing Volume and Market Sentiment Volume analysis is crucial in swing trading. A rise in volume alongside bullish price action confirms genuine buying interest. Current BTC/USD trading volume supports an upward movement, reinforcing positive market sentiment. Fundamental Factors Supporting BTC/USD Upside Beyond technical analysis, fundamental catalysts are contributing to Bitcoin’s expected rally: Institutional Adoption: More firms are integrating Bitcoin into their portfolios. Upcoming Halving Event: Historically, BTC rallies before and after halving cycles. Macroeconomic Factors: Inflation and fiat currency devaluation increase demand for Bitcoin as a hedge. Trading Plan for Swing Traders For traders looking to capitalize on BTC/USD’s expected rise, here’s a suggested plan: Entry Point: Around the 50-day EMA or Fibonacci support level. Stop Loss: Below recent swing low to manage risk. Target Price: Previous resistance levels or recent swing highs. Trailing Stop: To lock in profits as the price moves upward. Conclusion Based on swing trading indicators, BTC/USD is showing strong bullish signals, making it an attractive trade opportunity. However, risk management remains crucial, and traders should continuously monitor market conditions. If BTC continues to hold key support levels while maintaining upward momentum, it could reach higher resistance zones in the near term.
I did a short video about how entire chart of Hang Seng Index can also be interpreted as a Super Bullish case for Hang Seng Index, and generally the entire Chinese and Hong Kong Market. This was originally my primary count which I then replaced with a combination (W-X-Y-X-Z) when I thought the risk-reward favours the short side. Now, I've switched back and dare myself to put up this super bull case again. Note how shallow I had placed the primary wave 2. If I am right, then wave 3 is going to literally rocket up.
Get ready! We are going down big time! It’s going to be epic! Say goodbye to XRP for the next 4 months! 0.93 is coming now!
Been forming for a few months now. We don't know if it is going to play out soon but the macd valleys make it very clear. My assumption is that we are going to fill the candle wick left weeks ago and then going down to a stable level. I don't think it will start an altseason as there is still plenty of room and time for BTC to rise and when Dad is doing its thing you know the children can't go out and play
Breakout and retest with bollinger band squeeze I've posted multiple times about this stock and it is no doubt high risk and speculative, but technically it is showing bullish signs in my opinion and looking ready to move Full disclosure I've owned this stock for a while now, and looking at long term (years) play
Gold rebounds from 3100, but is the bullish momentum truly revived? I don’t see it that way. Yesterday’s retracement to 3100 has already weakened the strong bullish structure to some extent, with 3150 likely acting as a key resistance level. I believe the current rebound is merely a technical retest of the 3150 zone, reinforcing it as a potential cycle high and paving the way for a double-top formation, which could provide a bearish technical setup for further downside. Following the initial 3100 test, a second retest of this support level is likely. If gold fails to hold 3100 on the second attempt, a break lower towards 3095-3085 would become increasingly probable. I will continue to scale into short positions within the 3132-3142 zone, with an initial target of 3120-3110. If gold approaches 3100, I will closely monitor the price action to assess the likelihood of a further breakdown. The trading strategy verification accuracy rate is more than 90%; one step ahead, exclusive access to trading strategies and real-time trading settings
Market news: In the early Asian session on Wednesday (April 2), spot gold fluctuated in a narrow range and is currently trading around $3,130/ounce. The London gold price rose and fell on Tuesday. Spot gold rose to around the 3,150 mark earlier, and suddenly fell sharply after hitting a record high, falling nearly $50 from the high point. This is mainly attributed to investors choosing to take profits before US President Trump announced a series of tariffs. International gold has traditionally been a safe-haven asset in times of geopolitical and economic uncertainty. On Monday, the international gold price ended the first quarter with the strongest single-quarter performance since 1986, closing above $3,100/ounce. This is one of the most volatile periods in gold history. This trading day will also release the US ADP employment changes in March and the US factory orders monthly rate in February. Federal Reserve Board member Kugler will also deliver a speech, which investors need to pay attention to. In addition, it is necessary to focus on the details of the reciprocal tariffs and industry-specific tariffs announced by US President Trump, and be wary of the "boots landing" market. Technical Review: Gold ended its consecutive positive structure, and the daily chart closed with a long upper shadow and a negative K-line, and fell back to 3100 in the late trading. Technically, the gold price is still above the MA7 and 5-day moving averages at 3078/95, while the MA10/7-day moving averages still remain open upward, and the price is running on the upper track of the Bollinger Band.The short-term four-hour moving average closed, and the price was running below the MA10-day moving average at 3123. The price retreated to the middle track of the Bollinger Band at 3101/04. The RSI indicator turned downward after touching the overbought value above 80 yesterday. The hourly moving averages are glued together, and the price returns to the middle and lower tracks of the Bollinger Band. Gold is expected to continue to expand its volatility adjustment range during the day. It is recommended to wait for a correction before buying low and be cautious in chasing long positions at historical highs. Key resistance levels or historical highs participate in high-altitude coordination. Once the special tariff policy is implemented, there is a high probability that the situation of buying expectations and selling facts will occur. Pay attention to the sharp decline in the gold and silver market prices. On the contrary, if the new tariff policy is announced on the basis of the original tariff policy, gold needs to pay attention again to trigger risk aversion and usher in a sharp rise or set a new record high again. Today's analysis: Gold rose and fell back in the US market yesterday, and the bulls may enter an adjustment cycle under short-term pressure. In the short term, gold is expected to adjust! Yesterday, gold rose first and then fell, rising to 3148 before falling and adjusting. The European market fluctuated narrowly. From the technical indicators, the 2-hour moving average has formed a dead cross, MACD dead cross and large volume, Bollinger band closed, and the US market continued to decline after the shock. It has now fallen below the 3120 intraday watershed. In the short term, it means that the bulls have temporarily come to an end and started to retreat and adjust. From the 1-hour chart of gold, the rising volume at the tail end of the wave is usually not sustainable, accompanied by a step-by-step wash-out. After yesterday's retracement, today's Asian session quickly rose and rushed high, accompanied by a big negative line in the hourly chart, and retreated to the local high of 3150. The fluctuation base is large and the adjustment space can be large or small. It is not easy to chase high at the current position. Although short selling is against the trend, the technical overbought tariff implementation will also be realized, and the adjustment space should not be underestimated. Ultra-short-term combined with medium and long-term shorts to deal with short-term short adjustments. Operation ideas: Buy short-term gold at 3110-3113, stop loss at 3102, target at 3140-3150; Sell short-term gold at 3143-3145, stop loss at 3154, target at 3120-3110; Key points: First support level: 3115, second support level: 3102, third support level: 3093 First resistance level: 3130, second resistance level: 3138, third resistance level: 3150
Hello Traders, Today, we’re analyzing SUSDT (SonicCoin), which is currently trading within a descending channel—a bearish pattern where price tends to gravitate toward key boundary points. Recently, price action was rejected at channel resistance, an area that confluences with the value area high at 0.6185. This rejection has shifted the previous uptrend into a more bearish outlook, as price has now taken out prior lows, confirming the rejection as strong. At present, SonicCoin is trading around the POSC (Point of Structural Control), hovering near the channel midpoint while liquidity continues to build. If buyers fail to reclaim the channel high resistance, this liquidity could fuel a cascade move lower, potentially sending price towards the $0.26 support region. Points to Consider • Descending Channel Structure – Price remains within a bearish pattern, respecting key resistance and support levels. • Liquidity Build-Up at Midpoint – Current price action is consolidating around the channel midpoint, which could lead to a breakout or further downside. • Potential Drop to $0.26 – If strength does not return, a liquidity-driven move toward key support could be next, offering a potential long setup from lower levels. Market Outlook & Trade Considerations SonicCoin is currently range-bound within a downtrending environment, making it a market that requires careful risk management. If price action remains weak below resistance, the probability of a breakdown into $0.26 increases. However, should buyers step in at that level, it could present an opportunity for a long play back into channel resistance. For now, traders should monitor whether price can regain strength above channel resistance or whether the liquidity build-up leads to a deeper correction. Confirmation signals will be crucial before entering any trades. Overall, SonicCoin remains in a bearish structure for the time being. Until price decisively breaks above resistance, the risk of further downside remains in play
Bitcoin is forming lower highs within a descending wedge pattern, failing to reclaim the key resistance zone around 89K. The price is consistently rejecting from the upper wedge trendline, with weak bullish momentum as shown by flat RSI (~48) and ADX convergence. A breakdown from the current structure could trigger a bearish move. Volume is decreasing on upswings, while red candles dominate near EMA clusters. The 200 EMA and the previous support near 85.3K has now flipped into resistance. Entry: 85,389 Stop Loss: 89,000 (above wedge resistance and last swing high) Target: 73,000 (near key horizontal support + wedge bottom projection) Bearish confirmation increases below 84K with strong volume. Risk management essential as volatility remains high. Watching for confluence from macro and ETF flows.
Bearish Divergence on Daily & Weekly TF. Now Strong Resistance is around 119500. Cup & Handle Formation appearing at the Top. Support Levels mentioned.