The Bitcoin (BTC) price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since the spike to an all-time high of 109,000 on 20th January 2025, the BTC price action is starting to display some signs of bearish behaviour by potentially forming a double-top reversal pattern. The key trading level is at the “Neckline” 91,900 level, which is the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 91900 level could target the upside resistance at 100,650 (20-day moving average) followed by the 105,590 and 109,460 levels over the longer timeframe. Alternatively, a confirmed loss of the “neckline” 91,900 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 85,275 support level followed by 79917 and 75060 (200-day moving average).
Either we bounce or drop. if we respect the shaded rectangle and bounce could expect new high. if we don't and bounce from the lower one then we could expect a retrace to the higher rectangle and enter short there for lower targets.
AMEX:SPY So these are the support and resistant points for TSLA. Bounce off on these areas can initiate long or short positions. If yall want me to post this every morning 9.30am please boost and follow me, so i know it is valuable for yall. Thank you
⬆️ BUY EUR/USD 25.02.25 ? Entry: $1.04732 ? Goal: $1.05333 ⛔️ Stop: $1.04528 Entry reasons: 1) OSOK: — Week minimum was set on tuesday and price is above weekly open level. — Month minimum was set at the first weekly of month and price is above monthly open level. 2) Eliott waves: — 1D: ABC — 4H: 1-2, wave 3 is forming. 3) Range: — Price is inside bullish weekly range — Price is inside bullish daily range (correction, 50%) 4) Additional arguments: — Testing of big cluster — Testing poc previous daily — Divergence (1h) — Uptrend is confirmed by volumes (low effort and result). Goal is previous weekly high: $1.05333 Strategy: #osok #wave Entry: #range
https://www.tradingview.com/x/3jyYe2VP/ GOLD - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long GOLD Entry - 2938.0 Sl - 2932.0 Tp - 2949.1 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
BTC has liquidated most of the early long takers already that has been trading within the range this channel might be a good support area for wave four. This drop could be repeating the pattern from August 2024 where BTC tanked towards 48k before rallying to 100k ATH.
Recently, bearish voices have gradually emerged in the market, and the main view is that gold cannot rise, so it must fall. However, we see that although the current price cannot rise, it cannot fall either, which is particularly evident at the hourly level. After each retracement, there is a rapid bottoming out and a long lower shadow, which shows that the support below is strong, which is a process of weakening the resistance sentiment of the bears and releasing the pressure of the bears. In the process of rising, there is a short-selling obstacle. As the price continues to rise, the resistance increases, and it is necessary to reduce the burden through selling pressure so that it can be lightly equipped in the future. Therefore, the current cross line and repeated high-level fluctuations should be regarded as corrections. This correction will not change the upward trend and the rhythm of the bull market, but is for a better rise. Since the daily chart did not close at the end of yesterday's trading, but closed with a large positive line, there is still room for upward rush today. In terms of the hourly chart, it is currently in an ascending wedge consolidation, with support below near 2930 and resistance above near 2962! In addition, the current 10-day moving average support is near 2924. Once it falls back here, don't hesitate, just buy it directly! ! ! On the whole, Xu Xin recommends that the short-term operation strategy for gold today is mainly to go long on pullbacks and short on rebounds. The short-term focus on the upper side is the 2956-2960 line of resistance, and the short-term focus on the lower side is the 2928-2930 line of support.
OANDA:GBPNZD is approaching a significant resistance zone, marked by previous strong price rejections. This area has consistently acted as a turning point, suggesting the potential for another bearish reaction if sellers step in. If the price shows clear signs of rejection from this resistance zone, I anticipate a move downward toward the 2.20620 level, which serves as a logical target for this setup. Conversely, a clean breakout above the resistance zone could signal a potential bullish continuation. Traders should monitor for bearish confirmation signals, such as bearish engulfing candles, long upper wicks rejecting the resistance, or increased selling volume before considering short positions. Let me know your thoughts or any additional insights you might have!
We're entering the heavy buy zone. I believe there's a lot of buyers at the 300 mark that will help stabilize support. If support holds, we would therefore get the chance to confirm further bullish momentum entering into wave 5. Are you a buyer now, or do you prefer to wait for confirmation of support?
NASDAQ:TSLA So these are the support and resistant points for TSLA. Bounce off on these areas can initiate long or short positions. If yall want me to post this every morning 9.30am please boost and follow me, so i know it is valuable for yall. Thank you