In today's video we're looking at a secondary opportunity to enter a double bottom. A double bottom is a classic price action pattern where tests & holds a level twice before reversing in the opposite direction calling for the end of the trend. In this opportunity, price has confirmed the double bottom by breaking and closing above the peak & now we're looking at a secondary opportunity to get involved by breakout and/or pullback. If you have any questions or comments please leave them below and I wish you guys an excellent week of trading. Akil
DFML is at support and can be Buy=CMP 44.93 with SL=42.90 and TP=52
Looking for a 106k triple top scenario, followed by a large retracement to fill the 84.4 cme gap then back up to 130K region in a likely deep crab formation and cycle top for Q3 sometime
The CRYPTOCAP:TOTAL crypto market cap has just hit the upper edge of a descending channel, currently sitting at $2.84T. Here’s why this moment is worth watching closely: ? Mixed Signals Across Timeframes On the 12H and daily charts, there’s still room for more upside, which is pretty exciting for bulls! But on the 4H chart, we’re already looking quite overbought, so we might be at a turning point. ? Breakout Potential If we can break through this channel resistance—and I’m talking about a strong move with solid volume behind it—we could see some serious momentum. I’m targeting $3.1-3.25T as the next major zone, a key liquidity area and Point of Control (POC) where we might see a lot of action. If the breakout holds, that move could happen faster than you think! ? What If We Don’t Break Out? If the breakout fails, I’d expect the price to consolidate near this upper channel line for a bit, which would be a healthier setup for the next leg up. As part of this consolidation, we might see a dip to grab liquidity at the previous low around $2.7T before climbing higher. That pullback could actually set us up for a more sustainable rally later on.
Hello, Look out for April dip and if it remains above $1.7, it is possible for XRP to reach $7 to $11. FED should do two more cuts by June 2025, that might trigger one last pump to the top. 0.5 trillion market cap will bring XRP around $7, which is definitely possible if it stays above $1.7. happy trading BITSTAMP:XRPUSD
??? USD/JPY news: ?Private sector activity in Japan deteriorated in March, as the composite PMI dropped from a six-month high of 52.0 in February to 48.5, signaling a renewed decline in business activity. The services PMI fell to a three-year low of 49.5 from 53.7 in February, while the manufacturing PMI declined to a multi-year low of 48.5 from 52.0 in the previous month. ?Meanwhile, Japan’s Finance Minister, Katsunobu Kato, warned that "Japan has not yet overcome deflation." He noted that rising prices were primarily driven by a weak yen and high commodity costs rather than a cycle of wage growth and consumer demand. ?The Bank of Japan (BoJ) is unlikely to tighten its policy significantly beyond current levels, which poses a downside risk for the JPY. Swap markets continue to indicate a rate hike of less than 50 basis points over the next twelve months. Personal analysis: ?JPY is underperforming most major currencies, JPY is unlikely to gain traction over USD due to the impact of fundamental information. Therefore, in the short term, this pair will maintain its upward momentum ?However, USD/JPY is approaching the strong resistance level of 151.00. Besides, RSI (1H) is entering the overbought zone, so there will be a technical pullback to create momentum for the main uptrend. ?Analysis based on important resistance - support and Fibonacci levels combined with Pivot points and RSI to come up with a suitable strategy Plan: ? Price Zone Setup: ?Sell USD/JPY news: 151.00 - 151.10 ❌SL: 151.45 | ✅TP: 150.60 – 150.20 FM wishes you a successful trading day ???
Bitcoin is in a bullish phase, as confirmed by its momentum
The chart posted is that of the spy updated for the bearish wave structure . I have now exited my 125 % long position as the formation is forming SO FAR an ABC rally up with two legs if equal we should top today in cash at 5796 5805 in spy 575/577.9 IF the beasish count is correct we should see a 3 wave drop to retest the low or make a small new low for wave B then I will enter the long calls once again for a 5 wave rally under the bearish count the limit is .786 but based on history dated back to 1902 we should peak at .618 to .66 if The bearish wave count is were we are in the Cycle . But if we rally from here and close above 5805 I would see the market making New all time Highs .Best of trades WAVETIMER 1
Solana price is very will likely will go down on my analysis, this pump looks just like an up for down
What we saying then? Adam & Eve on #btc 4hr chart? $109k?