Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day today. ------------------------------------- The April TradingView competition is sponsored by PEPPERSTONE. Accordingly, we will look at the coins (tokens) and items that can be traded in the competition. Today, we will talk about the BTCUSD chart for the first time. - (BTCUSD 1D chart) https://www.tradingview.com/x/8Tacerer/ If the price is maintained above the M-Signal indicator on the 1M chart, it can be interpreted that it is in an upward trend in the medium to long term. Currently, it is showing a short-term uptrend as it rises above the M-Signal indicator on the 1D chart, but it is highly likely that it will continue to rise only if it rises above the M-Signal indicator on the 1W chart. Therefore, the key is whether it can maintain the price by rising to around 89542.51. - We need to see if the OBV is maintained above the middle line and can break through the upper line. Since the StochRSI indicator is currently in the overbought zone, if there is no increase in trading volume, it is likely to eventually show a downtrend. If it shows a downtrend, it is expected that it will eventually meet the M-Signal indicator on the 1M chart and determine the trend again. At this time, we need to check whether there is support near 73589.43. - The competition starts on April 1. As I mentioned in the Binance BTCUSDT chart description, the next volatility period is expected to be around April 5 (April 4-6). https://www.tradingview.com/x/OCtI2Nh4/ Therefore, we need to check whether the price is maintained above the M-Signal indicator on the 1D chart or above the M-Signal indicator on the 1W chart and decide the position. In other words, I think it is good to decide the position depending on whether there is support near the original section marked on the 30m chart. - It is expected that the key point of this competition will be whether the trading volume can increase and whether the price can be maintained by rising above 89542.51. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - This is an explanation of the big picture. I used TradingView's INDEX chart to check the entire section of BTC. I rewrote the previous chart to update it by touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10). (Previous BTCUSD 12M chart) https://www.tradingview.com/x/WBuhqVrT/ Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (Current BTCUSD 12M chart) https://www.tradingview.com/x/z7KccUWy/ Based on the currently written Fibonacci ratio, it is displayed up to 3.618 (178910.15). Fibonacci ratio 0.618 (44234.54) is not expected to fall again. (BTCUSDT 12M chart) https://www.tradingview.com/x/qnPyNIaV/ Looking at the BTCUSDT chart, I think it is around 42283.58. - I will explain it again with the BTCUSD chart. The Fibonacci ratio ranges marked in the light green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges. In other words, it seems likely to act as a volume profile range. Therefore, in order to break through this section upward, I think the point to watch is whether it can rise with support near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28). Therefore, the maximum rising section in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) section. To do that, we need to look at whether it can rise with support near 2.618 (134018.28). https://www.tradingview.com/x/QXrexgiP/ If it falls after the bull market in 2025, we don't know how far it will fall, but considering the previous decline, we expect it to fall by about -60% to -70%. So, if the decline starts near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54). I will explain more details when the downtrend starts. ------------------------------------------------------
Taking a look at the daily chart, EURUSD is resting at a minor pivot point. However, I suspect further weakness based off comments from the Fed last week and with all eyes on this Friday's PCE report. Leave a comment below, let me know what you think. Share with friends. Check out my profile for more awesome trade plans and setups. DM for copy trading, use any regulated FX broker. Trade Safe - Trade Well ~Michael Harding
Price is currently bullish on the 15M timeframe and will be waiting to see price tap the demand zone, fill the imbalance and look for a change in state on the lower time frame for an entry. Marked out my take profit levels if a setup presents itself.
1. Trend Analysis: The price has been moving in an upward channel with two support lines drawn. The price recently broke below one of these support lines, indicating potential weakness. 2. Trade Setup: A short (sell) position is suggested in the red zone. The projected downward move is marked with a red arrow. The target price for the downward move is around 2,868 – 2,906. 3. Market Phases: A Lead-In Phase is marked in the earlier consolidation zone before the breakout. A recent consolidation (rectangular zone) indicates possible distribution before a decline. 4. Key Price Levels: Current price: ~3,021 USD.
Samo/btc looking good right now, possible for a +9000% for next alt rally. I hope it’s time, invest only what you can. I pray for this one
GBPCAD in bearish trend Sell at CMP and follow the trend, RR 2:2
Watching price reaction at H1 and H4 FVGs — expecting continuation to the downside. Eyes on liquidity resting below recent lows. H1 & H4 FVGs respected ?
Trade Setup: Market: NAS100 (US100 Cash CFD) Timeframe: 4-hour chart Entry Strategy: Looking for a retracement to a key price level (Killzone) before a bullish move toward resting liquidity. Key Components of the Analysis: 1. Market Structure & Price Action The market is in a downtrend, but there is a sign of a potential reversal. Price is approaching a key Fibonacci retracement zone, around 19,565 - 19,668, where buying pressure is expected. The 50% - 78.6% Fibonacci retracement levels indicate an area of interest for buyers. 2. Liquidity & Key Price Levels A key price level is marked around 20,450, acting as a potential resistance zone. Resting liquidity (liq) is positioned higher at 20,880, suggesting an upside target if the trade plays out. The killzone (highlighted in red) is the ideal area for a possible buy entry. 3. Trade Execution Plan Entry: Within the Fibonacci retracement zone (Killzone) around 19,565 - 19,668. Stop Loss: Below the 100% Fibonacci retracement level (19,403) to avoid being stopped out by market noise. Take Profit: Targeting the resting liquidity zone around 20,880, aligning with a previous supply zone. Risk-to-Reward Ratio: Favorable, as the green risk/reward box indicates a positive R:R setup. 4. Additional Confluences The 200 EMA (blue line) may act as dynamic support. Volume profile shows a high liquidity area near the killzone, increasing the likelihood of a bounce. Previous price action suggests strong reactions from similar levels.
Gold is approaching a critical 3035-3032 liquidity zone, where we anticipate a potential rejection and strong bearish movement. This area serves as a key resistance, and the market is likely to tap into this zone before a downward move toward 3000 . Trade Rationale ?Key Resistance Zone 3035-3032 is a significant supply area where selling pressure is expected. ?Liquidity Grab Price may test this zone before a sharp decline. ?Break of Previous Low A move below this level could trigger further bearish momentum. ?Targeting 3000 CAPITALCOM:GOLD If the structure holds, gold has the potential to drop further. ?High-Risk to Reward Ratio A well-calculated entry here offers an optimal trade setup. ?Trade with proper risk management! Stay tuned for further confirmations and execution updates. ? Follow for expert insights & real-time market updates! #GoldAnalysis #ForexTrading #SellSetup #MarketInsights
Gold has been consolidating within 3032 and 3002. Although a green candle was printed in daily TF, in 4hrly TF, a channel is formed. I am expecting price to touch the channel bottom and rise up to touch channel top again. If channel top is broken, it will resume bullish trend. Otherwise, a heavy drop will be coming.