Summary - See the previous idea for context: https://www.tradingview.com/chart/NDX/pCUSGmij-NASDAQ-in-an-important-multi-month-congestion/ - Another realization: horizontal channels for S/R work better than diagonal ones. This doesn't mean that the latter need to be discarded altogether. - Looking back, NDX did really have desperate jumps towards the end of the bull rally. - High volume on days with large inverted hammers was a sure sign of an impending stampede. - Today's rejection is why being long without confirmation is a bear trap. Being on the short side is much less stressful.
Be ready, the dollar index of this sleeping dragon will wake up! Soon you will see a stunning growth of the dollar.
ETH/BTC is still in search of its bottom, likely only finding solid ground once the Federal Reserve fully halts quantitative tightening (QT). However, for now, the Fed has merely slowed QT rather than stopping it entirely. This means liquidity remains constrained, putting continued pressure on risk assets like Ethereum relative to Bitcoin. Historically, ETH/BTC has thrived in periods of expanding liquidity, and notably, the last time ETH/BTC found its bottom was when QT ended. This suggests that macro liquidity conditions play a crucial role in determining ETH/BTC’s trajectory. However, the Fed remains firm on its stance—only fully reversing QT when interest rates drop below 1 basis point. Until then, ETH/BTC may remain under pressure, with Bitcoin holding a relative advantage due to its status as a liquidity flight asset. The pair is likely to see a true bottom when the macro environment shifts decisively toward easing, just as it did in previous cycle. So is it possible that ETH/BTC could decrease to the supportzone at 0.017. Thanks for your support. - Make sure to follow me so you don't miss out on the next analysis! - Drop a like and leave a comment!
After recent breakdown the price retested the resistance and after consolidation now looks to be moving in the down trend.
The S&P500 is marginally neutral on its 1D technical outlook (RSI = 47.606, MACD = -47.070, ADX = 35.637) as it is in the process of recovery from the previous oversold condition. What the index did recover however, and which is a massive buy signal, is the 1W MA50. Technically this trendline held two weeks ago, despite marginally crossing under it, and provided the basis for a new long term bottom. Basically it is the exact same pattern as the October 23rd 2023 bottom, which was also a HL on the 3 year Channel Up, declined also by -11% and the 1W RSI was almost on the same level as today's low (the S1 level). Every bullish wave inside this 3 year pattern hit at least the 2.0 Fibonacci extension. Given that this bottom was made on the 0.618 Channel Fib level, like both of the last two HL (Aug 5th 2024, April 15th 2024), we expect a test of the Channel's top by the end of the year. A TP = 6,700 would still be under the 2.0 Fib extension and that's out long term target. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
? Pattern: Inverse Head & Shoulders ? Analysis: The chart showcases an inverse head and shoulders pattern, a classic bullish reversal formation. The price has successfully broken out of the downward trendline, indicating potential upside movement. ? Left Shoulder: Formed during the previous retracement. ? Head: The lowest point of the pattern, marking strong support. ? Right Shoulder: Completed with a breakout above resistance. ? Trading Plan: ✅ Entry (Buy): After a confirmed breakout and possible retest. ? Target: 153.988 - 154.672 (2.74% potential gain). ? Support: 149.883 - 148.837 (Stops should be placed accordingly). ? Conclusion: If the price maintains above the breakout level, we may see a strong rally toward the resistance target. Watch for volume confirmation and pullback retests before entering a trade.
We can observe that Nasdaq has started a new corrective leg since its last recovery in early Q3 2024. Currently, the index is experiencing its first rebound and test of the 20-period moving average (MA20, in green) since this average turned downward. Typically, this scenario triggers a selling reaction, with the first target at the previous low of 19,200. If selling pressure intensifies, the next projections are at 18,300 and 17,900. However, from a weekly perspective, there is still room for a deeper correction, potentially reaching the 200-period moving average (MA200), which is currently at 15,690. When applying a Fibonacci retracement to the last major bullish leg (Oct 10, 2022 – Feb 17, 2025), we see that the 50% retracement level aligns closely with the weekly MA200 at 16,300. We know that price movements do not follow a straight line but rather unfold in waves. Given this context, the bias remains bearish, and I see further corrections ahead in the U.S. market.
Join our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential Let's analyze BTCUSDT : BTCUSDT is confined within a trading channel, historically respecting its upper and lower boundaries. Following a rejection at the strong $88.1k resistance, Bitcoin is expected to retest support at either $85.2k or $84.1k. A channel breakdown could lead to a drop towards $80.6k. For a bullish reversal, a daily close above $ 89K is crucial. This channel’s behavior will dictate BTC’s short-term trajectory, with support levels being key indicators. Support Levels: $85.2k $84.1k $80.6k Resistance Level: $88.1k If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments, and feel free to request any specific chart analysis you’d like to see. Happy Trading!!
Currently, Bitcoin is in a strong upward trend. It has soared directly from a sideways movement at 84,000 to the resistance zone near 89,000. Now, with the price at 86,000, the market sentiment remains bullish. If BTC maintains a stable sideways movement between 87,000 and 88,000, the bulls can gradually accumulate upward momentum. Once ready, BTC will undoubtedly break through 89,000. Technically, Bitcoin has broken through the sideways range, and its moving averages show a bullish alignment. The 85,000 level has emerged as a significant support. Fundamentally, factors such as global economic uncertainties, exuberant market sentiment, and a relatively relaxed regulatory environment are jointly driving the continuous upward movement of its price. ??? BTCUSD ??? ? Buy@85500 - 86000 ? TP 87000 88000 89000 The market has been extremely volatile lately. If you can't figure out the market's direction, you'll only be a cash dispenser for others. If you also want to succeed，Follow the link below to get my daily strategy updates
Bitcoin-Preisanalyse: Mögliche Korrektur? Der Bitcoin/USDT-Chart zeigt einen aufsteigenden Kanal, wobei die jüngste Kursentwicklung oben eine Divergenz bildet, was auf eine potenziell nachlassende Dynamik hindeutet. Ein bärischer Ausbruch aus einem kleineren Dreieck deutet auf eine kurzfristige Korrektur hin. Der Kurs könnte die aufsteigende Trendlinie um 85.400 $ testen, wo sich eine wichtige Unterstützungszone befindet. Sollte dieses Niveau nicht erreicht werden, könnte eine tiefere Korrektur in Richtung des wichtigen Unterstützungsbereichs um 76.800 $ folgen. Hält sich Bitcoin jedoch oberhalb der Trendlinie, könnte sich der Aufwärtstrend fortsetzen. Händler sollten die Kursentwicklung um die 85.400 $-Marke beobachten, um weitere Abwärtsbewegungen oder einen möglichen Aufschwung zu bestätigen.