Hello, Skyrexians! Despite the extreme fear tonight BITSTAMP:BTCUSD continues going down and finally broke $80k. Investors are panic selling right now and don't know what to do. But we pointed out earlier that the most impulsive part of bull run ahead and current dump is just the correction. Let's take a look at the weekly time frame. Here we can see that the potentially strongest reversal signal has been broken. We are talking about divergence with AO. That is the reason why we marked that waves 1 and 2 like you see on the chart. According to this counting we can see that wave's 3 targets are at the $140k and $190k. At the same time we wanna tell you that the strong resistance is located at 1 Fibonacci level at $110k and we have seen it already. Current dump is wave 2 inside wave 3. It has the target between 0.5 and 0.61. The first one has been already reached. We expect reversal from here. Moreover Fractal Trend Detector is showing us bull run support with the green zone and now we see its retest. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
**1. Market Structure Analysis** - **Break of Structure (BOS):** The market remains in a clear **downtrend**, confirming bearish sentiment. - **Change of Character (CHoCH):** Any bullish CHoCHs have been short-lived, failing to break major bearish structure. - **Liquidity Zones:** - **Premium Zone (~$2,920 - $2,930):** Acts as strong resistance where price consistently rejects. - **Discount Zone (~$2,845 - $2,855):** A potential support area where price might react. - **Equilibrium (~$2,892):** Price remains well below equilibrium, favoring bearish momentum. *2. Key Observations** - **Lower High (LH) and Lower Low (LL) Structure:** Price continues making **lower highs and lower lows**, a sign of a healthy downtrend. - **Weak Low (~$2,853):** A liquidity target for sellers. - **Potential Reversal Zone (~$2,845 - $2,850):** If price taps this level, it may see a short-term bounce. *3. Expected Scenarios & Probability** 1. **Bearish Continuation – 70% Probability** - **Reason:** Strong BOS, price is in a bearish structure, and liquidity exists below weak lows. - **Target:** $2,845 - $2,837. - **Confirmation:** A **break and close below $2,853**. 2. **Bullish Retracement – 30% Probability** - **Reason:** A possible reaction from the **discount zone** ($2,845 - $2,850). - **Target:** $2,876 - $2,884 (previous PWL). - **Confirmation:** Strong bullish rejection from **$2,845 - $2,850**. **4. Trading Plan** - **Sell Setup:** If price breaks **$2,853** decisively. - **Entry:** Below $2,853. - **SL:** Above $2,868. - **TP1:** $2,845. - **TP2:** $2,837. - **Risk-Reward:** 1:3. - **Buy Setup:** If price holds **$2,845 - $2,850** and reverses. - **Entry:** Around $2,850. - **SL:** Below $2,840. - **TP1:** $2,868. - **TP2:** $2,876. - **Risk-Reward:** 1:4. **Final Thoughts** - **Probability of bearish continuation:** **70%** (favoring further downside to $2,845 - $2,837). - **Probability of bullish retracement:** **30%** (bounce to $2,876 possible if discount zone holds). - **Best trade:** **Wait for confirmation** at the **$2,845 - $2,850** level before making a move.
Price is coming down nicely. I have 2 points of interest on the weekly TF: 2854-2817 and 2730-2724 levels then I'll anticipate price to continue up in the buy program. I have highlighted the levels on the chart with more explanation.
Clearly a double top in play and with a Bulkowski downward target of $76,542 which incidently fills the infamous CME Gap!
EURUSD continued its downward trajectory on Thursday, losing nearly 0.9% and slipping below the key 1.0400 support level for the first time in nearly two weeks. The decline was driven by strong USD buying pressure across the market. The U.S. Dollar Index (DXY) reclaimed the 107.00 level, reaching a fresh six-day high, supported by a modest uptick in both U.S. and German bond yields. The dollar’s strength reflects ongoing concerns over U.S. tariffs and fresh doubts about the health of the U.S. economy, following weaker-than-expected economic data in recent days. These factors have weighed heavily on EURUSD. From a technical perspective, the pair has broken below an ascending trendline, confirming a shift in momentum towards the downside. This reinforces the bearish outlook, as no clear bottom formation has been established yet. If EURUSD stages a recovery, it is likely to encounter resistance near the confluence zone of the EMA 34, EMA 89, and the newly formed resistance area, which could trigger renewed selling pressure. For now, the bearish bias remains intact, with further downside potential unless a decisive recovery above the resistance zone materializes.
Trend: Major Trend : Bullish Minor Trend : Bearish (Retracement) Note: I see a retracement pattern of expanding flat of Wave 2 (In circle)- Less common pattern for wave 2. Looking for Wave C completion. To place a buy trade, a bullish minor trend is required. This is just my point of view. No trade recommendation. Please do your own analysis before placing any trade. TAYOR.
Hey traders and investors! Looks like price is close to downside targets as expected in the linked post. I assume that the most capitalized coins have not yet reached their short targets (for example BTC, BNB, SOL). This means that there will probably be further price reductions. The price has almost reached the level of 50% of the last impulse on the monthly TF. We can start looking for medium-term purchases. I wish you profitable trades!
XAUUSD (Gold)* trading at *2,859.870*, with a potential *target* at *2,869.321*. The price has recently dropped, touching a key support zone around *2,850.000*. If the support holds, expect a *bullish move* toward the *target* at *2,869.321*, and possibly up to the *resistance* level around *2,900.049*. Watch for price action in the support zone for a potential entry
In this post we’ll dive into sacred geometry and how it is used in trading. Geometry isn’t just shapes—it’s the foundation of nature, architecture, and even trading. From Pythagoras to Gann, great minds have studied these patterns to unlock hidden market signals. Let’s break down these powerful concepts and see how we can apply them to our own strategies! https://www.tradingview.com/x/Bz9eG70q/ First, take a look at this picture… What you’re looking at here is a life-size oil portrait painting that’s displayed in the Manly P. Hall Institute of Metaphysics in Los Angeles, up on Mulholland Drive. This painting was done in 1929 by an artist named Augustus Knapp, and it’s a fascinating representation of one of the greatest minds in history named Pythagoras. Now, here’s something interesting. There are no actual portraits of Pythagoras from his time. No real images of him exist just written descriptions passed down through the ages. So, this painting is a compilation of those descriptions, a vision of what they believed Pythagoras might have looked like based on historical accounts. But beyond the visual, what really matters is what this man achieved. https://www.tradingview.com/x/cN3Nu6Yf/ Pythagoras lived in 653 BC over 2,500 years ago and his contributions to mathematics, science, and even philosophy were so far ahead of his time that people today still struggle to comprehend how he knew what he did. https://www.tradingview.com/x/Bz9eG70q/ If you look closely at the painting, you’ll see a globe to the left-hand side. This is where things get really fascinating. Pythagoras not only knew that the Earth was round long before it became commonly accepted he also knew that the distance between the Earth and the Moon was approximately 250,000 miles. Let that sink in. Over 2,500 years ago, without modern telescopes, satellites, or space exploration, he was able to determine this astonishingly accurate measurement. How did he do it? That remains a mystery. https://www.tradingview.com/x/LpumvyVN/ But his genius didn’t stop there. Pythagoras was the first person in recorded history to use the square root of numbers, laying the foundation for many of the mathematical principles we still use today. His contributions to geometry are legendary, with the Pythagorean Theorem being one of the most fundamental concepts in mathematics. He was able to see numbers not just as mere figures but as an intrinsic part of the universe, something deeply connected to music, nature, and even human existence. https://www.tradingview.com/x/qjDq4mF9/ Albert Einstein himself once said that there was God, there was man, and in between, there was Pythagoras. That’s how brilliant he was. Einstein, one of the greatest minds of the modern era, placed him in a category beyond ordinary human intellect. Many scholars and historians consider Pythagoras one of the four or five most intelligent people to have ever walked the Earth. https://www.tradingview.com/x/fhle72wd/ Now, I want you to pay close attention to something else in this painting. If you look at Pythagoras’ right hand, you’ll notice he’s holding a pyramid above his head. This is extremely significant. The pyramid was not just a symbol of ancient Egyptian architecture; it represented knowledge, sacred geometry, and the hidden mysteries of the universe. Pythagoras believed that the structure of the universe was based on mathematical harmony, and the pyramid was a reflection of this divine order. The way he holds it above his head symbolizes his deep understanding of higher knowledge, knowledge that very few people of his time and even in our time could comprehend. https://www.tradingview.com/x/1WtdFc37/ TradingView Pythagoras didn’t just study numbers, he studied their meaning, their vibrations, their connection to music, and how they formed the very fabric of reality. His school, which was more of a secret society, was devoted to exploring these truths, and his students followed strict codes of discipline, silence, and dedication to learning. Some say his teachings went beyond what we call science today, delving into the realms of metaphysics and spirituality. So, when we talk about Pythagoras, we’re not just talking about a mathematician, we’re talking about a man who saw the universe in a way that very few have. He understood numbers not just as tools for calculation but as the building blocks of existence itself. This painting is not just a historical representation; it is a doorway into understanding one of the most profound thinkers in human history. https://www.tradingview.com/x/loAIz5qA/ Alright, let's dive into something incredibly interesting, especially if you have an appreciation for Italian geniuses. We're talking about Leonardo da Vinci's division ratio and proportions of the human body this is pretty fascinating stuff. If you look closely at da Vinci's sketches, you’ll notice that the ratios and proportions of the human body, like the measurements of bones, joints, and limbs, are not random. There’s an underlying order that we can see across the body. He was the first to really study and break down how the human body relates in terms of proportions, especially with the numbers that make up these proportions. For example, he measured everything from your radius to your phalanges, to the femur and the tibia. These are all linked in a very specific way. From the head to the pubic crest, these measurements fall into the 0.618 ratio, which is one of the most famous numbers in nature. https://www.tradingview.com/x/jUhdxf98/ Now, let's take a look at why this is so significant. This isn’t just a random number—it’s actually tied to something we call the Golden Ratio or Phi, which is 0.618. It’s a ratio that appears in all kinds of natural patterns, from the spirals of seashells to the growth patterns of plants. Da Vinci was keen on observing these relationships, and he recorded them in his Codex, a collection of his writings and drawings. Let me tell you a Fun fact, Bill Gates bought this Codex in 1982 for $20 million, and today, it’s housed in the Smithsonian Institute, traveling the world half the year and staying in Washington for the rest. Da Vinci was ahead of his time, so much so that when he wrote about this ratio, he didn’t just write it down plainly. In fact, he wrote everything in a mirror image, so you had to read it by holding the paper up to a mirror. Why? Well, a lot of his work was coded, not necessarily because he didn’t want people to understand it, but because he didn’t want to give away his discoveries easily. He was mysterious like that! https://www.tradingview.com/x/AtHqyAIf/ Now, let’s zoom out and look at something even more mind-blowing. If you go back to ancient times—way before da Vinci’s time—you’ll see that the Egyptians were using this same ratio. Take the pyramids for instance. The dimensions of the human body, from the head to the feet, also follow this pattern of 3, 5, 8, 13, 21... all culminating in the golden ratio of 0.618. The Egyptians were just as obsessed with these measurements and proportions, and you’ll find this same 0.618 showing up in their designs and architecture, too. It’s something that connects us to the very ancient foundations of human culture and knowledge. What’s even crazier is that this ratio holds up in medical science. If your body proportions are off by more than 5% from the standard, it actually gets classified under conditions like dwarfism or other abnormalities. So, this ratio is so accurate that it defines what the "ideal" proportions of the human body should be. When you study these numbers and ratios, you realize just how mathematically perfect the human body is designed—at least in theory! Now let’s take this to a different dimension, The DNA. The very structure of DNA follows this same fibonacci spiral, the same pattern of proportions that we see in the human body. The DNA helix is a perfect example of the golden ratio at play in biology. So when you look at the genetic code, you’re actually looking at the same patterns that show up in the pyramids, the human body, and even the very spiral shape that defines life at its most fundamental level. And speaking of DNA, there’s an interesting tidbit related to Italy. This is a bit of trivia: There has never been a murder conviction in Italy because of the uniformity of DNA in Italians. Everyone shares such a similar genetic code that it’s almost impossible to distinguish one person from another in certain cases. Fascinating, right? Alright, now that we’ve explored these mind-blowing connections between da Vinci’s proportions, the golden ratio, and DNA, let’s bring it back to the market and how we can use these ratios to help us with trading. https://www.tradingview.com/x/mijiNiVS/ Here’s what you need to know, The same ratios that define proportions in nature can be applied to price movements in the market. For example, in the AUDUSD pair, you can use these numbers to identify key levels where price may reverse. Let’s break this down a bit further. If you look at the market's movements on a Weekly chart, you might not notice anything special at first. But when you start applying the 618 retracement, 786 retracement, or 161.8% extension, suddenly these numbers start lining up with the price action. As we’ve seen, the same sacred geometry and mathematical principles that govern nature, architecture, and even DNA also play a crucial role in the financial markets. From Pythagoras to da Vinci, these hidden patterns have guided some of the greatest minds in history—and now, they can guide us in trading. The market, like the universe, moves in harmony with these timeless patterns. Keep studying, keep observing, and most importantly—keep refining your strategy. The more you align with these natural cycles, the better your trading decisions will become. See you in the next post, where we’ll continue uncovering the secrets of market geometry!
Let me be clear, alt’s are not doing anything they’re suppose to be doing as per past cycles for a lot of reasons. I think these include there’s just to damn many of them, there is not going to be a parabolic phase this cycle, and many retailers got lost in the shit for brains meme market. Unless you bought alts months/years ago the hold option is not an option. You have to play the alts as a swing trader at best, getting in for weeks/months and getting out, take your profit and run. How do you do that? One method I suggest is buy at the RSI daily low when a bullish divergence shows and sell at the RSI daily top range when a bearish divergence shows. Simple eh. So in this post I’m looking at 1D timeframe RSI which I’m a big fan of always using RSI with my forks, cycles and Elliot ta. Remember, presently, alts are going to do nothing until BTC finishes its sideways downward pa (see my previous posts about BTC) and, market cap starts upward trend again. Having said that… Looking at ICP, you can see RSI bottomed 06Feb25 (just a few days after that wicked wick on the 3rd. Since then pa has fallen yet RSI has risen and indicates a definite bearish divergence. PA could even drop some more, which I think it will because BTC’s not finished yet, and I believe the RSI will still be above the bottom of 06Fed continuing the bearish divergence. A good possible candidate for when things start an upward trend. Other alt’s that I’m seeing the same RSI divergence action are PHA, ILV, SUPER, CRV, GALA, WIF, AVAX, ALG, HBAR, AVAX, BEAM FIL, IMX, ADA, RENDER, MUBI, MAVIA, MYRIA, VRA, ORAI, AIOZ and PYR. Surprisingly, I don’t see this on BTC, ETH or SOL. Anyway, although as I said, I don’t think we’re going to see an alt rally as in the past, these alts might be ones to watch for some decent action “when” BTC gets it’s shit together and runs. My thoughts, not financial advice Oklah. Cheers