BTC is now in a downtrend, a rebound is expected at $66,888. There is no long-term bear!
? Idea: The price is moving between FVG (below) and OB (above) on the daily timeframe. Expecting a reaction from these levels. Entry confirmation should be found on lower timeframes. ? Entry conditions: Rejection from FVG or OB Confirmation on lower TFs (M15/H1) Take Profit 1: Previous high Take Profit 2: Previous low ? Target: Trading within the range between key levels with partial profit-taking ⚠️ This is not financial advice. Always consider risk management!
This analysis is valid for the next 1 to 2 weeks, as long as the scenarios I’ve considered play out. At first, I expect a short-term rise, but the overall trend remains bearish. After reaching the identified support zones, If there’s a sharp upward move and the price breaks through the formed peak, we can enter during the price correction for a long position.
The intraday time frame has been bearish for a while now and price recently resisted the area of $86000 level. We may see a drop in price from the current price. My target profit level is at 84,000 level.
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Wave B started on Monday 5th August 2024 and is about to come to an end soon. Wave C will follow and with it, tears, lots of tears, as Bitcoin will be looking for a Wave 4 that is imminent.
EURUSD: Structure Analysis EURUSD encountered strong resistance near 1.0530. After testing this zone multiple times, the price declined to the previous structure zone from February 19th. The selling pressure intensified further following positive US data on Thursday, leading to a break below the structure zone. Currently, EURUSD points to a further decline to 1.0310 If the current broken support, now turned resistance, prevents the price from rising, EURUSD is likely to continue its downward movement towards the second structure zone near 1.0310. If the price breaks below this second zone, it could decline even further. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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The price has reached a key support level. From a weekly perspective, it has tested the 20-period moving average (MA20), a crucial indicator in technical analysis. On the daily timeframe, this region is also significant, as it coincides with the 200-period moving average (MA200), which has provided support and temporarily halted the decline. Currently, the price is within what is known as the trap zone—the range between the 20-period and 200-period moving averages. In this zone, price action typically consolidates between these levels before eventually breaking out in one direction. Traders who previously took partial profits or exited positions at the top, as well as those who shorted Bitcoin near its highs, may now be looking to adjust their positions. This could involve taking further profits, closing shorts, or re-entering long positions after a partial exit at higher levels. Regardless of market bias, this region demands close attention.
So hello back guys this is my new prediction about usdx and based on that we gonna have some chart on FX pairs for the next week