https://www.tradingview.com/x/TNt1TISp/ Hello,Traders! USD-CAD also gapped up And then we saw a gap Closure move down But now it is about to Retest the rising support Line from where we Will be expecting a Local bullish rebound Buy! Comment and subscribe to help us grow! Check out other forecasts below too!
And inside day in the S&P 500 daily chart is expected for Tuesday. This means that Tuesday's range will be basically inside of Monday's range. I think this type of structure will happen because the market is going to try to absorb what is the total picture so I don't look for a big move up or down without new information.
https://www.tradingview.com/x/YJxaoz8a/ HI,Traders ! GBP-JPY was trading Beneath the falling resistance Line but now we are seeing a Bullish breakout so we are Now locally bullish biased And we will be expecting a Further bullish move up ! Comment and subscribe to help us grow !
Short-Term: Bullish, with resistance at \$3.20 and support at \$2.94. Medium-Term: Sideways, with resistance at \$3.30 and support at \$2.85. Long-Term: Bullish, with resistance at \$3.50 and support at \$2.75.
Ever since November/December, BTC has largely moved sideways in a wide range from FWB:88K -$109k. Now that we've bounced off of $91k again this morning, I think that sets BTC up for a big bull trap. I think that we're likely to go to new highs either this week or before 2/21 up to the top resistances (although we don't necessarily have to make it up there), and then everyone will buy the new highs before we go to new lows. This is a classic distribution top here and I think we'll see new lows by March. We can go as low as the bottom supports down $65-66k and the chart can remain bullish on the high timeframes. I'm fully out of crypto and have only been speculating directionally by buying calls/puts on COIN (which I currently have calls on). This market has been extremely hard for most investors as they've been speculating in alts and most alts have continued to bleed out while BTC has ranged. I think alts will see new lows (yes, today's move was not the bottom, and the bull market will only start once most people have given up on crypto). I'm bullish long-term, but still bearish in the near term and plan to buy back my position sometime in March once the distribution has played out to the downside. Good luck from here on out.
rough day for some, good day for my DCA friends. NASDAQ:MRNA on a rough down trend since covid days. Looking for a wild bounce here. 1. MACD curving to the upside 2. RSI Curving to the upside 3. Price is at the bottom of the parallel channel. My bets are on seeing $60-$70 which is middle of the channel by the summer. Of course I bought some time. Would be insane to see this going to $120 top of channel by eoy right? Maybe too insane? Yieaahhh
Hi traders, I think we need to wait a backtest approx. to 0.13, than go! Listen to the BTC, because that can change any plan! Good luck!
The end for BTC and the beginning of the great rotation. Targeting 40% representing 800B in capital flows at the current market cap.
BYBIT:XRPUSDT after 5 confirmations since mid November 2024, faced a pattern failure and crashed out of a bullish pendent. The cause for this can be speculated upon as can the cause for the dragonfly candle on the daily. Deepseek causing the pattern failure (but why, when Chatgpt did not cause a price rise? (The current bull run was driven by the US presidential election results, not AI)). US tarrif imposition causing the dragonfly and the initial downward pressure (but again, why? This is theoretically counter intuitive - crypto should rise in a trade war as it has no borders. Unless there's just rotation from insititional investors into some other asset. But again what asset and crypto should be one of the assets they rotate into, not out of?) As there is so much speculation, it's best to look at the charts - this is a situation where technical analysis outshines fundamental - to see if there is a margin trade opportunity for those who have an extreme risk appetite for volatile market trading. The trade is off today's dragon fly daily candle, a text book bullish candlestick and will be done without waiting for confirmation (i.e. the next daily candle) or any daily filter as the trading opportunity will be gone: Entry: 2.72 SL: 2.52 TP: 2.92 Ration: 1:1 Note: This is not a great risk:reward ratio, the market is in substantial turmoil and this is a trade without confirmation. The smart move would be not to trade, but wait for a few days (weeks?) for the market to settle, the fundamental drivers behind the current market moves to become more clearer (as well as the tariff imposition and it's effects) and a chart pattern forms. However, those that want to take advantage of a volatile market and can risk 0.25-0.5% of their portfolio for a margin trade can gamble (and this one is a gamble) on the above.
Market Overview: Gold (XAUUSD) recently had a strong bullish push but is now consolidating. The current price action suggests a possible liquidity grab before a move lower. Key Levels: Resistance / Supply Zone: 2817 - 2822 Support / Target Zone: 2794 - 2792 Previous Day Low (PDL): 2772 All-Time High Resistance: 2830 ? Bearish Plan: 1️⃣ Price may push into 2817-2822 to grab liquidity. 2️⃣ Look for MSS/BOS + FVG Retest on M1-M5 for confirmation. 3️⃣ If confirmed, enter shorts targeting 2794-2792. 4️⃣ Final target could extend toward 2772 if momentum continues. Watch Out For: If price fails to reach 2817-2822, it might break lower directly. Avoid early shorts—wait for liquidity sweep + structure shift. Volume drop before reversal = extra confluence. Trade Safe! Let the setup come to you.