This Bitcoin (BTC/USD) daily chart presents a well-defined rising wedge pattern, a formation often signaling a potential bearish breakdown. Technical Outlook: Entry Strategy: Short position upon confirmed breakdown. Stop Loss: 77,000 USD (above key resistance). Take Profit: 95,000 USD (first target). Final Target: 103,000 USD (potential extended move). A decisive break below the wedge’s lower trendline could trigger a strong downside move, aligning with the projected targets. This setup offers a high-probability trade opportunity with well-defined risk management. What are your thoughts on this market structure?
The Bitcoin scenario with a quick recovery did not play out; instead, we saw a decline due to Trump's new trade sanctions. After testing the $85,000–$83,700 (volume anomalies) and $82,400–$79,600 (volume anomalies) zones, we saw a rebound and formed a local trend break. The main target now is the sell zone at $91,000–$94,000, after which we expect a correction. Long positions become interesting if we reach buyer zones from the current levels. Sell zones: $91,000–$94,000 (high-volume zone) $95,000–$96,700 (accumulated volumes) $97,500–$98,400 (pushing volumes) $107,000–$109,000 (volume anomalies) Buy zones: $85,000–$84,000 (local mirror buy zone) $81,500–$79,600 (volume anomalies) $77,000–$73,000 (volume anomalies, pushing volumes) Interesting altcoins: For KAITO , we are considering a long position from the volume anomaly zone at $1.82–$1.75, provided there is a reaction. https://www.tradingview.com/x/jDk8yxPc/
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Gold is fighting with the 4H resistance at 2922, which also marks the neckline of its head and shoulder pattern. Best entry will be for it to close above 2522, retest that level again. That will open the doors for the 2525/26 area and possibly higher for today. Conversely, if gold starts breaking below the 2,890 level then it should open door for more downside.
USOIL chart Anylisis 1Hour idea bearish trend ? Trade at own your risk use proper money management ?
OANDA:EURAUD is currently trading within an ascending channel, maintaining a bullish structure. The price has broken above a key resistance zone and is now pulling back for a potential retest. This level previously acted as resistance and may now turn into support, aligning with a bullish continuation. If buyers confirm support at this zone, the price is likely to move upward toward the 1.70800 target. However, a failure to hold this level could indicate a potential shift in momentum. Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions. Let me know your thoughts or any additional insights you might have! ?
Gold has successfully broken out of its previous downward trend, now consolidating around $2,919 after a strong rebound from the $2,847 support zone. The breakout has shifted market sentiment bullish, signaling a potential continuation to higher levels. Currently, price action shows sideways movement, testing the resistance area. If buyers maintain control and push past this level, we could see a rally toward the $2,950 target. However, a rejection here could lead to a brief retest of support around $2,881 before another push higher. With the bullish structure intact, all eyes are on whether gold can sustain this momentum and confirm further upside. The next sessions will be crucial in determining the market's direction!
The white up-sloping Fork gives us the most probable path of price for VRSN. As we see, that was a Hell of a run. Price has reached the U-MLH, which is the natural Extreme by the law of physics. What's the natural reaction? A move back to the Mean. What's the Mean? The Center-Line. This is a high probability trade I take blindly. But I mange my risk with open Eyes, even when this trade has a win rate of over 80%. Don't let greed your Brain!
Chainlink has a chance of pushing from here once we see a proper break from 200 EMA. We see a bullish momentum is building up and our first target is going to be 200EMA (upon which we suggest tightening the stop loss a little bit more). Once we break it, this would be our confirmation for a bullish move to the upper resistance zone near the unfilled CME gap. From there we will be looking for a similar movement but to lower zones! Swallow Team
Bitcoin Morning Update - London Open ? We got a nice move from the level we were watching on Tuesday morning—congrats if you snatched that trade! It wasn’t an easy one, and I’ll discuss why in the next lesson. Bullish Scenario ? We’ve seen an aggressive internal BOS, and ideally, we get a retracement into one of our 30m demand zones ? If that holds, we could see a long scalp up to the 2H zone above and the old supply range, fulfilling a deeper primary retracement I’ll be looking for market structure confirmation longs at these key zones Bearish Scenario ? On higher time frames, we broke bearishly from the range, meaning our primary structure is still bearish ⛔ If we react off the 2H supply zone above or the zone just above us, we could see a flush lower I’ll be watching for shorts at these levels and look to de-risk immediately Key Notes ⚡ We are also watching for our range deviation plays into supply and demand—a nice supply and demand sandwich ? No change, no trade—patience is key 1% risk only—secure profits where possible If you’re still in the long from yesterday, now is a good time to lock in profits I won’t be streaming today or tomorrow, but I might squeeze in a lesson on Friday Let’s see what Wednesday brings! ?