Based on this analysis, Bitcoin is placed in the current correction wave, which I think lag c remains to be completed. And there is a wave 5 ahead. Be with your own analysis before making any decision. TELEGRAM : FOREX ANALYSIS
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CRYPTOCAP:XRP short position printing nicely, I'm just posting the updated charts with one addition on the 4-hour chart. RSI has entered oversold territory (below 30), and seems to be forming a Double Bottom precisely where I expected the last line of Defense (cluster of support: 200 MA, Fib 0.5 and the ascending trendline). Losing this means that the Golden Pocket should get revisited next, to put it simply. That's my TP2. How much lower could CRYPTOCAP:XRP fall short-term, that remains to be seen. Monitoring this altcoin collapse instead of resting, not a great way to spend a Sunday??
Greetings, traders, The ? DOGS/USDT chart reveals an interesting pattern after a two-month downtrend. We're now seeing short-term price corrections forming across multiple timeframes. These corrections are consistently reaching the 0.50 and 0.618 Fibonacci retracement levels, as well as the 50-period moving average on each respective timeframe. Based on this observation, I've identified a potential entry point for a short position at the upper range of $0.002550. My entry and exit points are clearly marked on the chart for your reference. Profitable trades to all!
Bitcoin is currently retesting the $100,000 mark. Looking at the broader economic landscape, on January 30th, the U.S. government released the Advance GDP and unemployment claims data. The Advance GDP came in negative, while unemployment claims showed positive results. Bitcoin has reacted positively to Federal Reserve Chairman Jerome Powell's remarks, maintaining stability above $104,000 as of Friday. From a fundamental perspective, Bitcoin appears to be showing strength, outperforming the U.S. dollar, which remains relatively weaker. Technically, Bitcoin is currently trading at a strong support zone between the $100,000 and $98,257 levels. Given the weakening U.S. dollar, I anticipate that Bitcoin will move towards the next resistance at $102,555. I have entered a long position at $99,324.34, setting my take-profit target at $104,989.70, with a stop-loss at $97,467.50. Should Bitcoin break through the next resistance level, we could see it continue upward, retesting the previous resistance level as a new support zone. However, if the price fails to break this resistance, Bitcoin is likely to trade within the $100,000-$102,605 range over the next week.
#ethereum #eth price has been moving the descending wedge. First day of Feb, #ethusd declined from the channel resistance and it seems CRYPTOCAP:ETH needs minor correction to retrace and try again. Not financial advice.
Hello traders here's my New BTC/USD idea, what you think on it? share your thoughts in comment section This is a technical analysis chart for Bitcoin (BTC/USD) on the 1-hour timeframe, presenting a bearish trade setup. The chart incorporates key support and resistance levels, trend direction, and breakout confirmation to guide the trade idea. Trend Analysis The price is in a downtrend, confirmed by lower highs and lower lows over the past sessions. The breakdown below the previous support near $99,000 confirms bearish momentum. The bearish trend aligns with the broader market sentiment, as sellers dominate short-term price movements. Technical Analysis 1. Resistance Zone: Around $101,000, this zone as a key rejection area where the price failed to sustain a rally. Multiple rejections at this level reinforce the strength of resistance. 2. Breakout Confirmation: Price broke below the previous support at $99,000, turning it into resistance. A successful retest of this level (now resistance) signals a continuation of the bearish trend. 3. Target Level: The next support level at $95,000, serving as the downside target for the trade . This level aligns with historical demand zones where buyers previously entered. 4. Risk Management: Stop-loss placement above the resistance level near $101,000 ensures risk is limited if the bearish thesis fails. Fundamental Analysis Macroeconomic Factors: A potential tightening in liquidity or hawkish policies from central banks could pressure risk assets, including Bitcoin. Negative sentiment from regulatory news or low trading volume also contributes to bearish momentum. Market Correlation: Bitcoin's decline is consistent with broader market weakness in cryptocurrency, as risk-off sentiment dominates. Conclusion a short trade targeting $95,000 with strict risk management. It combines bearish price action, a clear downtrend, and fundamental headwinds to reinforce the potential for further downside. A confirmed breakdown and retest of resistance at $99,000 add confidence to the trade. Follow me for more updates and don't forget to share my idea with your friends and family
banknifty elliot wave analysis daily time period . corrective bounce upside and again down .
Hi folks today I'm prepared for you Gold analytics. In this chart, we can see how the price started to grow near the trend line and soon reached the support level, which coincided with the support zone. Then Gold broke this level, some time traded near, and then fell to the trend line and continued to grow next. Price rose to 2758 points and then made a correction to the trend line and then it continued to move up and later reached support 1, which coincided with one more support zone. But Gold at once rebounded from this level and fell below the trend line, breaking it, after which it fell a little more and then turned around. Next, the price started to grow below the trend line and later Gold reached support 1 again, but this time it broke it with the support level. After this, XAU continued to move up between the trend line, so, I expect that XAUUSD will fall to the support zone and then it rebound up, higher than the trend line, breaking it. Next, I think, the price will continue to grow, so, I set my goal at 2830 points. If you like my analytics you may support me with your like/comment ❤️
I'd so love to see price open come Monday and go down into the marked F.V.G to confirm my buys.!