The price perfectly fulfilled my last idea. It hit the target zone. The gold market continues to climb, having broken and closed above the psychological 3000 level. Previously, the price struggled to break through, creating a range before this upward movement. I think the ideal buy price could be just below the previous day's low and the psychological level. At this stage, the market may form a corrective move toward the support level and the upward trendline then rebound. I expect the range zone around 2980 to act as a solid support area in anticipation of the bullish trend's continuation. My goal is resistance zone around 3055 Traders, If you liked this educational post?, give it a boost ? and drop a comment ?
Bitcoin (BTCUSD) shook the bullish market sentiment last month, as late February saw it drop aggressively not just from the 109k All Time High (ATH) but also below the key psychological Support of $90000. We have discussed already how the 1W MA50 (blue trend-line) coming to its rescue, is the critical Support and rightfully so, but there is also another critical condition that is currently showing incredible strength, keeping BTC into Bull Cycle territory (for now). That is the 0.5 Fibonacci retracement level Golden Rule. This suggests that BTC's corrections/ pull-backs up to the 0.5 Fib level are technical and perfectly systemic, especially with the 1W MA50 supporting. If anything, such pull-backs during a Bull Cycle are the most optimal buy opportunities. We are currently on an exact such opportunity as the price hit last week both the 1W MA50 and the 0.5 Fib. In the past 10 years since the August 2015 Bear Cycle bottom, every correction up to the 0.5 Fib was a buy. In the 4 cases it broke, 2 were the signals of the 2018 and 2022 Bear Cycles and the other 2 signals of the market correcting the bullish overreaction to the Libra (2019) and Musk (2021) rallies. The latter though was still contained above the 1W MA50 and so would the 2019 one if it wasn't for the March 2020 COVID crash. As a result, we still see no cause for concern (yet) and so far this is the best buy opportunity for Bitcoin since last year and the August 05 2024 Low. But what do you think? Is this 0.5 Fib Golden Rule coming to push Bitcoin higher to its next ATH? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE ?, FOLLOW ✅, SHARE ? and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- ?????? ? ? ? ? ? ?
The chart shows Bitcoin (BTC/USD) on a 1-hour timeframe, with several key levels and trade zones highlighted: 1. Resistance: The price is currently testing a key resistance zone around 83,500 - 84,000, where price has previously faced rejection. The chart shows a series of BiBi (Break In/Buy) zones below this resistance, indicating price has bounced off those levels in the past, making them areas of interest for potential long entries if the price pulls back to those levels again. 2. BiBi Zones: Multiple BiBi zones are identified at lower levels, which are areas where price has previously bounced. The most recent BiBi zone is at 82,800, with a previous BiBi at 82,400, marking possible support levels where price may find demand and move higher. 3. Support Level: The Support Level is clearly marked at 82,400, a key level where price has reversed upward in previous moves. A break below this level could signal further downside potential, testing lower support areas. 4. Price Action: The price has recently faced a small rejection from the resistance zone around 83,500, and a BiBi zone at 82,800 is acting as support. If price holds above this support, a bullish move towards the resistance zone could be expected.
Seema 5 wave structure is done in bitcoin but let see how price unfolds in the future.
$BROCCOLI | Long Entry: .0355 to .0323 Stoploss: Below .0285 Targets: .044 .054 .070
The AUD/CHF pair continues to oscillate within a range between 0.56550 and 0.55000, recently reaching the upper boundary. Following a rebound from the support level, the price has developed an ABC move, which often precedes a pullback. Currently, the market has approached the upper boundary of the channel and trendline, a level where price has previously faced rejection twice. Given the ongoing consolidation, there is a possibility of another rejection at resistance, potentially leading to a downward move while the sideways trend persists. The next key target is the support zone around 0.55835
**Chart Details & Analysis (NZD/USD 15-Minute Chart)** https://www.tradingview.com/x/CzQOvkkw/ Indicators & Current Price Action: - Exponential Moving Averages (EMA): - 7-period EMA (Blue): 0.58260 - 21-period EMA (Purple): 0.58234 - 50-period EMA (Yellow): 0.58196 - Current Price: 0.58256 - Recent Highs: - Top 1: Previous peak before retracement. - Top 2:** A new high indicating possible resistance. **Key Chart Observations:** 1. **Double Top Formation?** - The **"Top 1" and "Top 2"** levels suggest the possibility of a **double top** pattern, which is typically a **bearish reversal signal** if the price fails to break above **Top 2**. - If confirmed, a drop toward the **target zone** is possible. 2. **Support & Breakdown Potential:** - The price is currently near the **short-term EMAs (7 & 21)**. If it holds above these levels, the uptrend could continue. - A breakdown below the EMAs and recent swing lows could trigger a **bearish move toward the target level (~0.57800 - 0.57900).** 3. **Volume & Momentum:** - Volume appears lower compared to previous spikes, suggesting a possible slowdown in bullish momentum. #### **Possible Trade Scenarios:** - **Bullish Case:** - If the price breaks **above "Top 2"**, it could indicate **continuation of the uptrend**, targeting higher resistance levels (~0.58400+). - **Bearish Case:** - If the price **fails to break above "Top 2" and falls below the EMAs**, a decline toward the **target zone** is likely.
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