BTC setting up a bearish flag on the daily. Negative divergence. Engulfing red candles after buyers trying push it up. Next major support is around $73-72K. I'm canceling longs for now and focus on shorts. Also expecting a late alt season.
Excellent opportunity to sell to 188.85 it appears. Seems we’re on the 4th wave of the trend line and the falling channel started with a bearish outlook if I’m at the correct starting point. Very small risk to reward.
usdjpy entry at 148.200 target achived successfully at 147.55. 70+pips profit booked
*Interest Rate Differentials:* The Federal Reserve has maintained a hawkish stance, while the European Central Bank (ECB) has adopted a more cautious approach, keeping rates lower for longer. This has supported the USD against the EUR. - *Economic Data:* Recent US economic data, including strong employment figures and higher-than-expected inflation, have bolstered the USD. In contrast, Eurozone growth remains sluggish, with inflation below target. - *Geopolitical Risks:* Ongoing geopolitical tensions in Europe, particularly energy supply concerns, continue to weigh on the EUR. Bullish Breakout* - *Entry Point:* Buy above 1.0950 (confirmed breakout with a 4-hour close). - *Take Profit Levels:* - TP1: 1.1000 (psychological level). - TP2: 1.1250 (2024 high). - *Stop Loss:* 1.0850 (below the breakout level). - *Risk-Reward Ratio:* 1:2. Scenario 2: Bearish Breakdown* - *Entry Point:* Sell below 1.0700 (confirmed breakdown with a 4-hour close). - *Take Profit Levels:* - TP1: 1.0600 (weekly support). - TP2: 1.0350 (2023 low). - *Stop Loss:* 1.0800 (above the breakdown level). - *Risk-Reward Ratio:* 1:2.5. Daily Chart (Short-Term Perspective):* - *Trend:* The daily chart shows a neutral to slightly bullish bias, with the pair trading above the 50-day MA but below the 200-day MA. - *Key Levels:* - *Support:* 1.0700 (recent swing low) and 1.0600 (weekly support). - *Resistance:* 1.0900 (recent swing high) and 1.0950 (weekly resistance). - *Breakout Point:* A break above 1.0950 could trigger bullish momentum, while a break below 1.0700 could lead to further downside. Conclusion* The EUR/USD pair is at a critical juncture, with key support and resistance levels defining the next major move. Traders should remain vigilant for breakout opportunities while managing risk effectively. The current setup favors a cautious approach, with a bias toward a bearish breakdown given the broader macroeconomic backdrop.
I have taken a volume profile across the rally to project Low value nodes and high value nodes to find support levels during the decline. I simply cannot emphasis enough how valuable this tool is if learn to use correctly. I use this conjunction with geometry (hidden here) Most us know prices will come to fill the price gaps in the future, but LVN and HVN can provide information that price and volume cannot provide on their own. Eg a large bar could have a heavy volume, but you wouldn't know at what price the volume was, whether it was at the opening or closing, unless you look at the VP. Inspite of a huge volume there could be a price gap hidden in the bar
Psychology. The human factor that runs the Markets from Panic, to Confidence to Over-confidence. The Elliott Wave is in the DNA of everything in Nature. As humans, we are no exception. Nature has patterns- and patterns repeat- so much so they can be studied, measured, calculated and predicted. Bitcoin. Lets look at the example. Right off the bat, is a Wave B of a Flat that is divided in 3 parts namely; 1. Wave A(Red) 2. Wave B(Red)- corrects Wave A(Red) at around 61.8% 3. Wave C(Red)- a 5 Wave move that is our focus Wave C(Red). A 5 Wave move that is nearing completion. It should be noted that if the market retests at confirms where it is(261.8%), there would be an upward push to complete the 5th Wave of the Wave C. This would trigger the biggest Bitcoin drop in History. This drop is inevitable and there is calculation to back that up.
I’m not here to throw out wild price targets—I’m just following the technicals, and they’re telling me one thing: this market looks weak. Whether we hit 507 first or head straight to 337, my stance remains the same—I’m bearish until proven otherwise. In this video, I’ll break down the charts, key levels, and the risks I see playing out. No predictions—just pure technical analysis. Feel free to tell me your opinions.
The price shows a clear breakout, giving us a lower low than the previous one, so we position ourselves to sell at a better price in the upper fractal area where we find an inefficiency in the price.
Meta - if it breaks the 586 floor it's good for puts, and if it breaks the 624 ceiling or the trend ceiling, good for calls
Technically: NZDCAD printing double top NZDCAD printing bearish divergence NZDCAD supporting bearish trendline