please see chart text for greater details. Multiple confluence indicating btc will correct to approx $70k area. Strong prior support from 2021 bull market. Fib projection levels and ABC elliott wave correction.
The USD/CHF pair is currently in a downtrend, as indicated by the overall bearish price action. However, the chart suggests a potential reversal scenario. Price is approaching a key H4 demand zone, which previously acted as strong support. If this level holds, a bullish move could be anticipated. The projected market structure indicates a possible pullback before a continuation upwards, aligning with the larger trend shift. Traders should monitor price reaction within the demand zone, as a break below could indicate further downside continuation, while a strong rejection may confirm a bullish reversal.
This could pop its top. Encouraging gold drilling results already received. A further 20 or so holes yet to be reported, imminently. A break of trend today on increased volume. Is the markets anticipation to impatient? or does the street know something we don’t yet?
We should move higher around April 1st. The market is creating the last leg down to complete wave 2
Yesterday, the market continued to close strongly, and there was still no decent correction. In this situation, although the trend remains bullish, it is not suitable to blindly chase the highs.Today, we still wait patiently for the downward correction to appear. We expect a good big negative line on the daily line to start a short-term correction. After the correction is completed, the market can continue to follow the bullish trend on dips.Investment strategy: Gold short at 3050, stop loss at 3060, target at 3010
Operation strategy 1: It is recommended to buy at 3042-3037, stop loss at 3031, and the target is 3055-3065. Operation strategy 2: It is recommended to sell at 3065-3070, stop loss at 3076, and the target is 3040-3020.
EURUSD TRADING JOURNAL March 20 Analysis Double Premium with a sell side event horizon Sell stop raid. Asia Price consolidates to make equal highs and expands to the down side. Perfect set up at 23:00 macro. At 2 macro small consolidation in FVG. Expands to FVG created in dealers range. Same thing at 4 macro consolidates with a small reversal and by 4:30 expands again seeking sell stops and what I believe is the magnet the event horizon. consolidates again coming to NY. 8:30 expands further into a discount and seeks sell stops. Small consolidation a retraces at 11 macro to close in a consolidation. Fantastic delivery of stop raid. Loving watching where prices retraces and why. Loving watching prices reactions and how the event horizon can be a magnet which I noted on Tuesday and to watch unfold so cool.
We Trade and focus on only 3 Pairs at this Hours of the Day,And realize P/L by the morning..Smile....ENJOY.
Chainlink (LINK/USD) remains in a strong downtrend after failing to break above key resistance at $14.45. Selling pressure continues to dominate, increasing the likelihood of a drop toward $11.582, a major support key-level. Read on for a full technical breakdown. Chainlink (LINK) continues to struggle under heavy bearish pressure, failing to reclaim the $14.45 resistance level. The rejection at this key level confirms the weakness in buying momentum, reinforcing the broader bearish structure. As of today , Chainlink is trading at $14.18, maintaining a bearish trajectory as sellers push prices lower. The immediate focus is on $11.582, the next key local support, which represents an important short-term profit target. A decisive break below this level will likely accelerate downside moves all the way toward $6.35, marking the previouse major low point from August 2024. Chainlink’s Vision & Market Position Despite the current bearish momentum, Chainlink remains one of the most influential blockchain projects, providing decentralized oracles that enhance smart contract functionality. Its role in enabling secure, real-world data feeds for blockchain applications remains a fundamental strength. However, short-term market sentiment continues to weigh heavily against LINK, increasing the probability of an extended corrective move before any potential recovery. Bearish Catalysts & Technical Breakdown Failure to Break Key Resistance: The rejection at $14.45 highlights weak buying momentum and reinforces the downside bias. Sustained Bearish Momentum: The price structure remains firmly bearish, with lower highs and lower lows signaling continued selling pressure. Break Below Local Support Imminent: If LINK fails to hold above $14.45, a rapid move toward $11.582 becomes highly probable. Extended Bearish Cycle in Play: Broader market sentiment suggests that Chainlink could remain under pressure unless buyers reclaim control above $14.45. Key Price Levels to Watch Major Resistance: $14.45 Current Price: $14.18 Local Support & Profit Target: $11.582 Major Bearish Target: $11.582 Stop-Loss Consideration: Above $16.037 Conclusion Chainlink’s failure to reclaim $14.45 signals a continuation of the current bearish trend, with $11.582 and even $6.35 as the next downside targets. Unless LINK can stage a significant recovery and break key resistance, sellers remain in control. Traders should monitor price action closely, particularly around $14.45, as a breakdown below this level will likely confirm further downside movement.
I beleive the price of bitcoin is going much higher into 88k after FOMC been dovish so positive for the entire market. Longs around this zone for me make a lot of sense because its a perfect retest into previous sellers zone that can be held for buyers now.