If BTC holds above 78,222, we'll be watching for bullish price action with a solid risk-to-reward setup.
XRP has gained a lot of attention by influencers who claim the chart forms a head and shoulders top. logic tells me to do the opposite of any influencer or news headline. what's a more optimistic pattern than the dreaded head and shoulders? perhaps a bullish consolidation wedge? XRP's chart is full of bullish flags and symmetrical triangles. if one focuses on not just a pattern, but a common pattern (very meta indeed), there seem to be common points where rays can be projected. it just so happens those rays in my opinion show me the consolidation range, breakout point, and retracement level before confirmation and continuation. anyone else see what i see? https://www.tradingview.com/x/qBuRfgVo/
Usually when there is such a bad week for CRYPTOCAP:BTC , only more downside can be expected. Since CRYPTOCAP:BTC closed below a key 1W support level, I think CRYPTOCAP:BTC could tap $70k this week, but there is no need to panic if this happens because CRYPTOCAP:BTC will only wick down there and it will be a great chance to buy, and altcoins for really cheap! This week, we also have: 1. US Jolts Job Openings on Tuesday at 10 am ET 2. US CPI and inflation on Wednesday at 7:30 am ET 3. US PPI on Thursday at 7:30 am ET During times of market capitulation, it is best to sit in stables, if not already in short positions (don't try to catch these midway through a dump). Waiting for data releases or news events to form clear catalysts that can revive the upward trend in the market is the smart money approach!
Bitcoin (BTC) struggled to gain momentum on Friday despite optimistic speculation surrounding the White House Crypto Summit and the establishment of a Strategic Bitcoin Reserve. Several experts pointed out that the increasing ties between cryptocurrency, macroeconomics and stock markets could significantly impede any upward trend in the market.
✅ **EUR/CAD Trade Idea with Risk Management** ✅ https://www.tradingview.com/x/67rqp4c4/ ? **Trend:** Bullish continuation (possible breakout) ? **Entry:** Buy above **1.561** after confirmation ? **Take Profit (TP) Levels:** - **TP1:** 1.564 - **TP2:** 1.568 - **TP3:** 1.572 ? **Stop Loss (SL):** **1.555** (below support level) ⚠️ **Risk Management:** Always use **1-2% risk per trade** to protect capital. ? **Trade Wisely & Stick to Your Plan!** ?
As you know the stock market and the cryptocurrency market correlates together, so it wouldn’t be wrong to look for a bear perspective because in the cryptocurrency market, we can currently see BTC trending down on the monthly. So if Bitcoin goes down the stock market will also go down so this is my Beer perspective on VOO . Tell me what you guys think below in the comments.
There is a high probability that the range will break on Monday and Tuesday next week. Before the break, it is considered as a shock. All the bullish and bearish analyses on the market are speculations and have no meaning. The most stable approach is to buy low and sell high around the 2930-2890 range. If it breaks, follow up: if it breaks up, it will continue to rise, with pressure at the high point of 2945-2956; if it breaks down, it will continue to be bearish; support is at 2870-2860 We did not blindly enter long orders on Friday just because the data were all bullish, but chose to wait for the market to stabilize after the data. It was clearly emphasized in the report that such data and market trends are likely to rise and fall or bottom out and rise again, and the facts have proved it again. Since we tend to be bullish, we bought at 2908, reduced our positions at 2924 and took profits, hoping that the pressure of 2930 would break, but at 11 o'clock, there was no hope of breaking, so we took profits and left at 2929 before the break.
Ethereum finally fell into my buy zone this past week and I was able to buy with an average price of $2,185.18. This is a target I've been watching for months in anticipation. The best part is that it may go lower! How do we trade this? ? ETH has landed on a key support area of $2,100 and is now flirting with falling to the .236 Fib level at $1,800. A final target would be around $1,500 which brings us back into the bear market range. ETH formed a triple top over the course of 2024 and as expected, it pulled back hard with the alt market. Bitcoin Dominance has been in a bull trend since the last cycle and hasn't shown any signs of weakness yet. Currently at 62%, it could jump up to 70% easily. Until it drops, ETH and the alts are going to remain bleeding out. https://www.tradingview.com/x/BEHekb21/ I'm targeting the previous all-time high for a first profit target, around $4,800. Whether I take profits at that level depends on the price action leading up to it. If we get a strong push with strong candle closes leading up to that price, I'll likely hang on. Otherwise, I may take 25% of my position off the table and look for a potential re-entry. Final target price is $6,750, just below the 1.618 Fib level. This level also corresponds with a measured move target if the price attempts $4,000, pulls back to the 3-Year Support, then moves up again. I believe $10,000 ETH is absolutely possible for this run, but given how slumpy the alt market is, I don't see that probability being as high as the previous high of $7,000. This is why I'm taking my profits before that 1.618 Fib level is hit. ? Trade Idea ? Long Entry: $2,185.18 ? Stop Loss: $700 ✅ Take Profit #1: $4,800 ✅ Take Profit #2: $6,750 ⚖️ Risk/Reward Ratio: 1:3 ? Key Takeaways ? 1. 2024 Triple top led to a retrace down to the 2023 range. 2. First buy at $2,185.18, potential buy at $1,800 and $1,500 3. Stop loss at $700 below the 2022 bear market low 4. Holding the position until the previous all-time high around $4,850 where the first take profit waits. $6,750 is the second take profit just before the 1.618 fib level 5. Weekly RSI is near 34.00 and below the Moving Average. This is a good level to buy. ? Trading Tip ? Ascending Wedges signal an increased probability of a bear breakout. Combined with three pushes up in a bull trend and strong sell bars (candles with large wicks on their tops), creates conditions where a counter-trend trade is reasonable. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like ? and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Market Structure Overview: * SPY is currently testing a Reversal Zone, trading within a descending wedge pattern. * Support: 570-572 zone aligned with the lower trendline. * Resistance: 578.28, followed by 595 if bullish momentum sustains. Supply & Demand Zones: * Demand Zone: 565-570 is showing some buyer interest. * Reversal Zone: Price action is rejecting from the trendline, indicating a potential short-term bounce. Order Blocks & Key Levels: * 572.54 – 574.71 acting as a consolidation zone before a decisive move. * If the price clears 578-580, momentum could push toward 595. Indicator Analysis: * MACD: Flat momentum but attempting a bullish crossover. * Stochastic RSI: Bouncing from the lower region, indicating a possible reversal attempt. Options Flow & GEX Analysis: https://www.tradingview.com/x/bTOcWDtv/ * Put Wall at 565 & 560: High negative gamma suggests strong put positioning. * Call Resistance at 610-620: Major resistance where calls start building pressure. * GEX Indicator: PUTs are at 110.1%—indicating downside hedging is still strong. Scenarios to Watch: 1. Bullish Scenario: If SPY holds above 572-574, we could see a push toward 578 and then 595. 2. Bearish Scenario: A breakdown below 570 may trigger a flush toward 565, where the next strong put wall is positioned. Actionable Trade Setup: * Bullish Entry: Above 574.90 → Target: 578 / 595. * Bearish Entry: Below 572.50 → Target: 570 / 565. * Stop-Loss: ±2 points from entry. Conclusion: SPY is at a key decision point within a reversal zone, and price action near 574-578 will dictate the next leg. If bullish volume increases, we could see a run toward 595, but failure to hold 572 might result in further downside. ? This analysis is for educational purposes only and does not constitute financial advice. Trade responsibly. ?
see chart with more detailed text explaining trade idea