CRYPTOCAP:BTC sneezes, and altcoins immediately end up in intensive care. But in reality, it's all about that one chart the dumb money never pays attention to—the DXY. The Dollar Strength Index found support exactly at the Fair Value Gap and is currently testing the nearest key resistance at 108.05. Watch this chart or just check the value today—you’ll see how true my words are. Over 108.05, more bleeding. Any strong correction, and CRYPTOCAP:ETH will try to push through its resistances. Watching this unfold. Both Bitcoin and Ethereum seem fine, sitting at strong support levels. And it’s nice to see Nvidia rebounding this week as well. Stay safe, protect capital—we are near Capitulation, which means the bottom has either been in or is very close. ?? PS. I publish my stuff regularly on Binance SQUARE, more images are allowed there, and no cap on a number of posts/updates, unlike here. With this post, I have included the TVC:DXY and CRYPTOCAP:ETH charts, as well. Check it out: https://app.binance.com/uni-qr/cpos/19948147560290?r=81770287&l=en&uco=k-5gmnurS55EoBr0gv4I-w&uc=app_square_share_link&us=copylink
after the impulse move previously price boosted towards 2880 without retesting the resistance which is marked and the level is around 2830 -2820 as demand area wait for the that zone retest and find a bullish condition or price action to aim back at 2880
DAX turned overbought on its 1D technical outlook (RSI = 71.428, MACD = 367.400, ADX = 47.746) which is signalling a strong uptrend ahead, especially with the 4H RSI rising on a Bullish Cross. The last time the Channel Up pattern traded on those numbers it was on January 15th, again after a 4H MACD Bullish Cross and a bottom bounce. That time it increased by +7.50%. That is again our medium term target (TP = 22,500). See how our prior idea has worked out: https://www.tradingview.com/chart/DE40/58L2lzRK-DAX-Healthy-Channel-Up-aiming-at-21-350/ ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 107.200 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 107.200 support and resistance area. Trade safe, Joe.
MES!/ES1! Day Trade Plan for 02/06/25 ?6132-6140 ?6060-6050 Like and share for more daily ES/NQ levels ????? (?: IF THERE IS NOT MUCH VOLATILITY; FOCUS ON ZONES VERSES INDIVIDUAL PRICE LEVELS) *These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
Alright so options has today’s trading range quite small, just .66%. And these are the levels going through it. Those of you that have been following for a while know exactly how to read this so I’m going to leave it at that since I’m a little pressed for time this morning!!
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price traded inside a range, where it rebounded from the support level and started to grow to the resistance level. When the Euro reached a resistance level, it broke it, thereby exiting from the range and entering to seller zone. Then the price rose a little more, made a first gap, and then started to decline inside the downward channel. In the channel, the price broke the 1.0465 level and fell to the support line, which continued to fall near and later rebounded up to the seller zone. When it reached this area, the price at once backed up to the channel and continued to fall next. But soon, the Euro made a strong second gap, thereby exiting from the channel and declining below a support level, breaking it. Next, the Euro started to grow inside a broadening wedge, where it rose to the buyer zone and soon broke the support level one more time. After this, the price continued to grow, until it reached 1.0445 points and then started to decline. Now price trades near the support line of the broadening wedge and I think that the Euro can rebound from this line and start to grow to the 1.0465 resistance level. That's why I set my TP at this level. Please share this idea with your friends and click Boost ?
Technically, we can spot a divergence in price around the 108.740 level. That’s a clear sign that buyers are not active in the market. Fundamentally, USD has been facing weakness in the past economic reports. Including jolts opening last report which came out worse than expected. In the upcoming NFP tomorrow we’re also anticipating A fewer nonfarm payroll numbers which may further weaken USD.
BITCOIN FAIR PRICE until March 1,2025. #BTCUSD : $109370 Overbought (sell sign) above: $114740 Oversold (Buy signal) below: $104017 https://www.tradingview.com/x/MNRyPBOo/
As you can see, the Wyckoff schematic below shows a strong possibility that the 2021 bullrun was simply our Preliminary Supply area. There is no way of knowing what the exact numbers are, but there is a strong possibility we top way before 150K, and a fair way above 123.6K, which is where the majority of shorts would be placed. Currently we have a 5 wave structure. This is too easy. As the schematic shows, a Buying Climax liquidates Elliot Wave Bears. 130+ would create some euphoria, and lots buying the dip all the way down.