Price retesting the liquidity void formed by the gap expecting price to continue with uptrend with final targets at 3262
To add context, I am an average joe in his 20's who graduated high school with a 1.6 GPA.. Prior to my current employment at a financial institution, I worked as a gas station clerk. I am not someone who sees himself as a genius, but I am somebody who identifies patterns not only in people, but charts as well. I've worked for a bank on the credit card side coming up on 5 years. Day in day out, people are struggling to keep up with their credit card payments. 750-830 FICOs struggling to keep up with bills. Keep in mind, I only work with what we deem our 'high value', cliental. If our card holders who we deem to be good or great consumers are struggling to keep up, I can only imagine what it looks like for those who don't qualify to get to my department (which is a rather big pool of people). This thesis is centered around a possible correction in the short term, that may lead to a long-term reset based off of 4 things: human behavior, Federal Reserve Data, inflation, and credit. The market as we know it has been propped on lies, fraud, and negligence. This is not a political post, but if you look at Federal Reserve Reports through FOMC under the previous administration, over 48% of job reports specifically, were revised downwards. During the duration of March of 2021 to September of 2024, approximately 808,000 jobs were "added", to the economy. One can make the argument that these numbers were there to, 'fluff, reportings to hide one of the worst economies in history. The Dollar has been a concept and an asset since 1785. Since 2020, we've printed over 60% of all dollars circulating. Over 200 years and it only took the U.S. a little under 5 years to print over 60% of all U.S. currency circulating. The inflation never left; it was hidden by false or fraudulent data. Americans have been squeezed from their hard-earned dollar for the last 4 years, between higher interest rates, higher inflation and cost of living. Remember how I mentioned I work for a bank on the credit card side? Minimal payments, easily $6500 dollar balances on average, being carried month to month between 24-27% APR. Americans DO not have money. Over the last month, one of the most common statements I've heard is, "The only way I can pay this off is I cash out on assets.". Delinquencies are sky rocketing to levels not seen since '07 - '08. People are slowly getting the same thought. The first week of April in my opinion is do or die. Trump is set to announce new tariffs as of April 2nd. If Trump decides to really lay down the tariffs and kick off a real trade war, markets will react in a manner of uncertainty. If in that same week, the Federal Reserve forecasts a lower GDP, a higher CPI, a decrease in forecast in employment, that could be the kick that takes the stool out from under the market. If you've made it this far, thank you for taking the time to consider my first publication. -ScG
Price is trading inside a falling wedge before tested a significant demand zone, price currently in a strong uptrend, if price manage to break the wedge, it would be a signal confirmation for a long scenario.
? ? ? Market-Moving News ?: ??? Core PCE Inflation Data Release: The Personal Consumption Expenditures (PCE) Price Index for February is set to be released. Economists anticipate a 0.3% month-over-month increase and a 2.5% year-over-year growth, aligning with previous figures. As the Federal Reserve's preferred inflation gauge, this data could influence monetary policy decisions. ???️ Consumer Spending and Income Reports: February's personal income and spending reports are due, with forecasts indicating a 0.4% rise in personal income and a 0.5% increase in personal spending. These figures will provide insights into consumer behavior and economic momentum. ??? Pending Home Sales Data: The Pending Home Sales Index for February is scheduled for release, with expectations of a 2.0% increase, following a 1.0% rise in January. This index offers a forward-looking perspective on housing market activity. ? Key Data Releases ? ? Friday, March 28: ? Personal Income (8:30 AM ET): Forecast: +0.4% Previous: +0.9% Measures the change in income received from all sources by consumers. ?️ Personal Spending (8:30 AM ET): Forecast: +0.5% Previous: -0.2% Tracks the change in the value of spending by consumers. ? PCE Price Index (8:30 AM ET): Forecast: +0.3% month-over-month; +2.5% year-over-year Previous: +0.3% month-over-month; +2.5% year-over-year Reflects changes in the price of goods and services purchased by consumers. ? Pending Home Sales Index (10:00 AM ET): Forecast: +2.0% Previous: +1.0% Indicates the number of homes under contract to be sold but still awaiting the closing transaction. ⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions. ? #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
Hey Trader! ?? We're seeing some exciting action in the market right now! After the strong bullish bias following the GDP news, the market is clearly in an upward swing ?. We've just witnessed the market break through the all-time high (ATH) and make a new ATH ?, but keep an eye on key levels for potential reversal points. ? One crucial level to watch is 3080 – this could be a major turning point! Before making the higher high move, we saw the market retest the previous ATH level, and there's a significant order block near this zone, suggesting a strong buying opportunity. ?? ? BUY Setup: - Watch for a bounce around the 3070–3080 area. - This could be your entry for a potential rally to the upside ??. Remember, always follow proper risk management to protect your capital! ?️ Set your stop-losses and stay disciplined! Happy trading, and let's catch those gains! ??
Gold has set a new peak, confirming a solid uptrend, buy only waiting for a return to the buying zones to optimize the sl point waiting to buy at: 3033-3042 Stoploss: 3033 Short-term TP at the old peak
Bitcoin is currently trading at $87,201 on the 4-hour chart, consolidating within an ascending channel. Price action suggests that bulls are maintaining control, but a breakout in either direction could dictate the next major move. Key Observations Bitcoin remains in a short-term uptrend, forming higher highs and higher lows within the ascending channel. Immediate support is around $86,000, where the lower trendline of the channel aligns. If Bitcoin breaks below the channel, next support levels are at $79,112 and $76,597, where strong demand has previously stepped in. On the upside, resistance levels to watch are around $90,000, where the upper trendline of the channel meets previous supply zones. A clean breakout above this level could push Bitcoin toward $94,000 - $99,526. Volume & Market Sentiment Volume has been decreasing, which may indicate an upcoming larger move once liquidity returns. If Bitcoin remains within this structure, the trend favors the bulls, but a breakdown below support could trigger increased selling pressure. Potential Trade Setups Bullish Scenario: A breakout above $90,000 with strong volume could signal continuation toward $94,000 - $99,526. Bearish Scenario: A breakdown below $86,000 could lead to a drop toward $79,000 - $76,500 before finding strong support. Bitcoin's short-term direction will depend on whether the channel holds or breaks. A confirmed breakout with volume will provide the next high-probability move. Watching $86,000 as key support and $90,000 as key resistance will be crucial in the coming days.
Suggested Entry: 1.4315 (current price region aligns with minor resistance) Target (TP) Levels 1. 1.4260 — First TP (initial support zone) 2. 1.4210 — Final TP (stronger support level) Stop Loss (SL)1.43500 Suggested SL: 1.4355 (above recent highs and resistance zone) Key Support & Resistance Levels Resistance: 1.4355 / 1.4315 Support: 1.4260 / 1.4210 This structure aligns with your bearish bias (noted by the red arrow targeting lower zones). Ensure you monitor price action for confirmation before entering. Would you like a refined risk-reward ratio calculation?
? #GOLD Buy 3018 - 3012 ? Stoploss 3000 Breakeven 3018.5 TakeProfit 1: 3020 TakeProfit 2: 3028 TakeProfit 3: 3042 TakeProfit 4: 3054 TakeProfit 5: 3066 Trade at your own risk Protect your capital The Wizard ?♂️ FRIDAY 03/21/2025 10 AM EST https://www.tradingview.com/chart/XAUUSD/1HkxAzCO-GOLD-Buy-3018-3012/
Bitcoin is currently trading at $87,350, showing signs of recovery after a significant pullback. The weekly chart highlights a crucial battle between bulls and bears as price approaches key resistance levels. Key Levels to Watch Resistance Levels $89,067: Bitcoin needs to break above this level to regain bullish momentum. This has acted as both support and resistance in the past. $92,247: If Bitcoin clears the previous resistance, this level becomes the next challenge. $99,563 - $100,763: This is a major supply zone where sellers could take control. A strong breakout beyond this range could pave the way for new all-time highs. Support Levels $76,612: If Bitcoin faces more downside pressure, this level will be a critical area for buyers to defend. $67,853: A break below the previous support could lead to a deeper correction, with this level acting as the next major demand zone. Technical Overview Bitcoin is in the process of recovering from a sharp decline. The price has bounced from a strong weekly support level, but it is still facing challenges in reclaiming key moving averages. The 10-week moving average (yellow line) is acting as resistance. A sustained close above this moving average could indicate a shift in momentum toward further upside. A descending trendline has been limiting Bitcoin's ability to make higher highs. A breakout above this trendline would signal renewed bullish strength. Trading volume shows buyers stepping in, but confirmation is needed to validate the trend reversal. Market Sentiment and Outlook The overall sentiment remains cautious, with buyers attempting to regain control. A strong weekly close above $92,000 could trigger a push toward the $100,000 range. On the other hand, failure to hold $87,000 could lead to another retest of lower support levels. The next few weeks will be crucial in determining Bitcoin’s direction. If resistance levels are broken with strong volume, the bullish trend could resume. However, if the price continues to struggle, a deeper correction remains a possibility. Where do you think Bitcoin is headed next?