https://www.tradingview.com/x/OUkP4yYQ/ Hello,Traders! BITCOIN keeps falling down In a strong correction move But the coin will soon hit a Massive key horizontal Demand level of 72,500$ From where a bullish Rebound and a move up Is likely to happen Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Weekly - XAU/USD (Gold vs. US Dollar) As shown, note the following:- 1. Price Action and Candlestick Patterns: • The price has been in a strong upward trend but is showing signs of a pullback near a key resistance level. • Consecutive red candles indicate a potential start of a price correction. • The price is approaching a key resistance at 2989.813, with initial support at 2790.100 and stronger support at 2583.900. 2. Harmonic Pattern (Butterfly): • A reversal harmonic pattern is visible on the chart, signaling a potential downward correction after a strong bullish move. • The completion of this pattern increases the likelihood of a pullback toward the support levels mentioned. 3. Volume Indicator: • There’s a noticeable decrease in trading volume despite the continued upward movement, reflecting weakening bullish momentum. • A negative divergence between price and volume suggests a potential upcoming correction. 4. Relative Strength Index (RSI): • The RSI reached overbought levels (above 70) and has started to decline, indicating possible profit-taking and a correction phase. • A negative divergence between the price and the RSI supports the probability of a downward move. As Future Outlook: ? Bearish Scenario (Most Likely): • A break below 2790.100 could open the way for a drop toward 2726.300 and then to 2583.900. • Monitoring volume and RSI behavior is crucial to confirm continued downside movement. ? Bullish Scenario (In Case of Breakout): • A bullish Harami candle is clearly shown as breakout and weekly close above 2989.813 could push the price higher toward the 3100.000 level.
PEPPERSTONE:NAS100 is already in the correction territory with down more than 10%. If this bear market holds grip, then we might get into the bear market territory with 20% or more correction. This might be coincidental. Let’s get to the numbers behind this reasoning. The lows on Aug 5th carry trade set back was 17300. The Trump 1.0 tariff also send the PEPPERSTONE:NAS100 down by 23% before the market started a meaningful bounce. If we have a 23% drawdown from the top of PEPPERSTONE:NAS100 then we will be back @ 17300. If you plot the upward sloping Fib retracement levels on PEPPERSTONE:NAS100 which we discussed in this blog on 01 March when I sounded bearish predicting a 10% downturn in the near term. Link here. The 0.382 Fib retracement level in this long term upward sloping channel lies around 17300. Tell me coincidence but all these 3 indicators align at 17300. Will the PEPPERSTONE:NAS100 settle at 17300 before this bear market correction is done and dusted? No one knows. Buy PEPPERSTONE:NAS100 from here till 17300.
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itcoin startet negativ in die neue Woche. Bitcoin verlässt das symmetrische Dreieck nach unten und durchbricht den Support bei 79.200 $. Hält der Kurs nicht, wäre eine weitere Kerze unterhalb dieses Niveaus ein negatives Signal, und die 75K-Marke rückt immer näher ins Visier. Laut Heatmap befindet sich in diesem Bereich noch erheblich viel Liquidität.