Look the photo The description in photo Tic tac Don't forget to support idea
Bitcoin Dominance: Is a Shift Imminent? ₿? "So, what's the buzz around Bitcoin dominance lately?" ? "Well, it's hovering around 61.5% right now. ? But here's the interesting part: if you take a peek at the RSI, there's this noticeable divergence happening." ? "A divergence? What does that mean exactly?" ? "It's a potential sign that Bitcoin's dominance might be losing steam, that a reversal could be on the horizon." ? "And when do you think this might happen?" ⏳ "Ah, that's the million-dollar question! ? Keep an eye on that blue trendline. A break below it could trigger a downward spiral, and that's when things could get really exciting for altcoins." ? "Altcoins, huh? Which ones should we be watching?" ? "Ethereum, for starters. ? It seems primed for a potential surge, maybe even hitting $5300 or beyond! ? Just imagine the possibilities!" "Wow, that's huge! But the crypto market is so unpredictable." ? "You're absolutely right! Expect the unexpected. ? Prices can go to some crazy places. But that's what makes it so thrilling, right? " "Right! So, buckle up, everyone. It could be a wild ride ahead!" ?
GBP/USD 1H - With this pair we have very similar thoughts to what we have on the EU pair. Rightly so with the USD being quote on both pairs, we want to see a breakdown in price. Now that price has broken structure to the downside breaking the last structural fractal low, it gives us some confluence that price is ready for a down move and the balance is in favour of Supply. In order for us to have confirmation however to short this market we must see price trade into the Supply Zone given, rejecting well and breaking structure for the second time but on the lower timeframes. This will confirm the end of the correction and the start of the next impulse lower. This giving us enough confluence to short this market longer term, setting our TP just above the last higher timeframe low.
Could be printing a distribution here. Early signs, so very early on this idea. Would need to see PA evolve like showed in the graph. Alternatively if it makes a HH, it could be printing a UTAD. Either way, I'll be looking for signs whether Wyckoff Distribution does indeed play out.
Double Top Resistance Could Trigger a Reversal The chart assumes a breakout, but a double top is typically a bearish pattern. If price gets rejected at this resistance, it could signal a strong downtrend instead of the projected bullish move. Support Might Not Hold The analysis assumes a bounce from support, but price recently dropped aggressively to that level. If buyers fail to hold, a break below support could push price lower toward $83,200 or even $81,200. Bearish Volume Presence The recent large red candles show strong selling pressure. This could indicate that sellers are in control, and any upward move might just be a bull trap before further downside. Resistance Overhead is Strong The resistance zone around $86,400-$87,200 is a major supply zone. Even if price moves up, sellers could aggressively step in at that level, limiting upside potential.
HI GUYS I expect silver to sell in the next 3 to 4hours. at the break and retest second sell entry
The recent substantial rise in gold prices has prompted some investors to take profits, leading to a subsequent price pullback. Additionally, the Federal Reserve has maintained the benchmark interest rate within the 4.25%-4.50% range. Projections suggest two rate cuts are likely in 2025. The Fed's interest rate decision has once again disappointed the bears. Contrary to expectations of a decline, gold has surged to a new all-time high of $3056. XAUUSD buy@3035-3040 tp:3050-3055-3060 sell@3060-3070 tp:3055-3050-3045 I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
I don't like the way it touched the highs. Looks like distribution here.
Hello traders here is my setup for USDJPY for the week as you can see the price has been on a down trend, and now you can see that the price have done a retracement and it is now on the level of structure that was recently broken and it is likely to act as resistance now I have to wait for confirmations like bearish engulfment then I would look to short the USDJPY. NP: This is not a financial advice its just my prediction, what do you think?
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