Currently we are in Wave C correction, the last wave of correction in this 12345abc structure. We got support at a YELLOW support trend line that started since Nov. Currently Wave C is in between 0.5 to 0.618 FIB Extension of Wave A. Ideally I'd like to see Wave C correct to at least to 0.618 Extension of Wave A. So if the yellow support line fail, we will see if it hold the 0.618 extension of Wave A Level Or what's after that would be 0.786 extension of Wave A, or a 0.618 retracement of the previous 12345 Impulse wave patter. Fundamental can play into the Fib level I mentioned, we can have a slow chop down to those level until US president take office and announce his plan to improve the country's economic outlook. To simplify what I mentioned above, here is our support target for entry (trade at your own risk) $3110.96 (0.618 extension of Wave A). $3029.16 (0.618 retracement of the 12345 Impulse Wave Structure). $2942.10 (0.786 extension of Wave A). $2735.29 (0.786 retracement of the 12345 Impulse Wave Structure). $2727 (1.0 extension of Wave A) Happy trading, don't catch the falling knife.
This GBP/JPY 1-hour chart highlights a descending channel, reflecting bearish momentum but with signs of a potential bullish correction. The price is rebounding from the lower trendline, suggesting upward pressure toward the channel's upper boundary. Unique Insight: Converging Dynamics: The structure suggests a narrowing range, possibly indicating an impending breakout. Traders should monitor volume and momentum for confirmation. JPY Influence: The yen’s movement is tied to global risk sentiment, with safe-haven demand surging during geopolitical or economic instability. GBP Catalysts: UK economic resilience and unexpected policy shifts could spark volatility, potentially altering the channel's direction. This setup provides an opportunity to watch for technical and fundamental alignment ahead of a breakout.
HI today you can see the BTCUSD chart, and the higher time frame charts have shown some potential overbought levels. Is it too risky to buy and hold now? There are some important old levels that have shown some support in recent years. Be careful of the market now with BTCUSD, thanks. Is it possible that the banks can short more now? For now I am following the EURUSD more closer, thank you. Please support us by following me thanks! #btcusd #eurusd #btc #usd #eur
(My first shot at really zooming out like this. Let me know what you think) This is a BTC Dominance chart going all the way back to the end of the last Bull market cycle and then through the bear market to present day. This chart basically shows you how much of the entire crypto market is BTC. When the BTC dominance is on the rise, this suppresses the price of the other coins, but when the dominance drops its very bullish for the stables, alts, memes as well. The last bull run at the peak, the BTC dominance bottomed out at 38% Any constructive criticisms, funny comments, advise, adjustments, tweaks, whatever let me know what ya think.
Logarithm. Time interval 1 day. A triangle is being formed, almost in the final phase of its formation. The price is in its lower zone. A breakthrough of the triangle resistance is a big pump, the minimum is its % from the base. ⚠️ It is worth noting that locally there may be a “dump” under the dynamic support of the formation for collecting liquidity. Although, in fact, this has already happened a little earlier. But, if the market allows, this can happen again. Just take this into account in your risk management. It is worth emphasizing, for those who have tolerance, that in the center of the triangle (its integral part) a double bottom with a flat top (projection of forced actions of the market maker) has formed, which, as a rule, has a very positive effect on long-term goals (they are "not" on the chart). There is a local correction of bitcoin and the market as a projection as a whole. A good time to accumulate altcoins . This is one of the candidates for accumulation. You can buy in parts (an acceptable average price is important): 1️⃣ That is, according to the market now, the first zone. 1/3 of the volume. If you are afraid, then wait for a breakout of the triangle , that is, a breakout of the downtrend. You can set trigger orders for a breakout so as not to “freeze” money. If on your exchange, where you trade “dinosaur functionality” (for example, Binance), then in this zone you set a regular stop loss for buying (breakout). 2️⃣ The other part (you set trigger or limit orders) as the price decreases to collect liquidity, depending on the market situation. Zone 2 is the zone where everyone sets a stop loss, that is, everything is the other way around. It is displayed as a capitulation zone. 3️⃣ Third zone — in case of deep price slippage due to low liquidity (optional and unlikely). You simply place a grid of orders. If you use trigger orders , which do not freeze money in the order, then you can also use this volume for a breakout. That is, resistance in the form of a triangle, and in the case of a negative scenario, key resistance levels that will form when the price falls, the breakout of which determines the trend reversal. Linear for trend clarity and formation without market noise. https://www.tradingview.com/x/bCQacdUJ/ Don't get stuck in the market noise, as well as in the noise of the majority opinions, which is formed by the breath of micro-market movements and news FUD of deception, which forms the anti-logic of the market behavior at the moment, radically, to the opposite, and so many times. If, conditionally, you are isolated from all this meaningless “important”, then as a consequence, you will have: a clear mind, a healthy psyche and many times greater profit over the distance. Always stick to your trading plan and control risks, regardless of the news flow, and the opinions of others who want to convince you and incline you to their "correct" opinion. Your trading plan should not change from the opinion of the majority or "unforeseen market movements". If this is observed, then admit that you have no trading plan (hard work and intelligence), and you hope for luck, like most of those who "give to the market", and in the end you drain your life energy to the “golden Baal”. It will work once, the second time, in the end, the end is still the same - a negative sacrificial emotional explosion and devastation. That is, your luck (Fortune-Tyche-chance) will turn away from you, and emotionally rape your psyche, empty your pocket (a resource for the realization of your desires on merit earlier), and the time previously spent on "I'll risk the last time". If a person deceives himself like this, encourages himself, then the last time turns into a trip with many alternations of stops - "good" / "a little painful", to the final stop, called — "big unbearable pain") ...
? Potential Price Targets for Next Month: ? Near-term Goal: $0.24 ? Long-term Goal: $0.19 ? FinCaesar's Strategy: ? Short: Below $0.25, targeting $0.24 and $0.19. Bearish MACD momentum and consistent selling pressure suggest further declines. ? Long: Above $0.28, aiming for $0.30 and $0.32. A reversal would require significant bullish volume, which remains uncertain. ? FinCaesar's Commands: ? Resistance: $0.28 — A critical level for bullish momentum to challenge. ? Support: $0.19 — A breakdown below this level could signal further downward movement. TRON remains in a bearish setup, with MACD showing weakness and the price failing to break above resistance. A failure to hold $0.19 may lead to deeper declines in the coming month. ? "Victory comes to those who act decisively—don't hesitate." — FinCaesar
? Potential Price Targets for Next Month: ? Near-term Goal: $0.95 ? Long-term Goal: $0.85 ? FinCaesar's Strategy: ? Short: Below $1.00, targeting $0.95 and $0.85. Bearish MACD momentum and continued selling pressure support further declines. ? Long: Above $1.08, aiming for $1.10 and $1.15. A reversal would require significant bullish volume, which remains uncertain. ? FinCaesar's Commands: ? Resistance: $1.08 — The next key resistance level for the bulls to challenge. ? Support: $0.85 — Breaking below this level could open the door for further declines. Cardano continues to face downward pressure, with MACD showing weakening bullish momentum. A breakdown below $0.85 could signal more significant declines in the coming month. ? "Only those who act swiftly will secure victory—move without hesitation." — FinCaesar
? Potential Price Targets for Next Month: ? Near-term Goal: $0.32 ? Long-term Goal: $0.30 ? FinCaesar's Strategy: ? Short: Below $0.35, targeting $0.32 and $0.30. The bearish MACD and consistent selling pressure support further downside. ? Long: Above $0.40, aiming for $0.42 and $0.45. A reversal would need significant bullish momentum, which is uncertain at this time. ? FinCaesar's Commands: ? Resistance: $0.40 — The critical resistance level to overcome for a bullish shift. ? Support: $0.30 — A break below this level could lead to accelerated declines. Dogecoin faces ongoing bearish pressure with MACD momentum weakening. If the price fails to break above $0.40, further declines toward $0.30 remain likely as we move into the next month. ? "The future belongs to the decisive—take your shot now." — FinCaesar
The market has been following the trendline for the past 2-3 days. A daily price close with a Doji candle suggests indecision, while our daily bias remains bullish. However, today is Friday, and we have the NFP news event. We anticipate the market to move up by 120-130 pips, following the trendline, toward my identified resistance zone. Wait for gold to reach this resistance area before taking any action. For a bearish scenario, the target range is around 310+ pips. The market may first create a large wick during the news event before experiencing a significant drop. i'll keep this idea updated.
BINANCE:BNBUSDT BNB/USDT: Key Fibonacci and Volume Profile Reversal Zones Analysis: The chart provided is a 4-hour timeframe of Binance Coin (BNB) against Tether (USDT) on the Binance exchange. The chart includes several technical indicators and annotations that are crucial for formulating a trading strategy. Price Action and SMC Analysis: The chart shows multiple Change of Character (CHoCH) and Break of Structure (BOS) points, indicating shifts in market sentiment and potential reversal zones. The recent CHoCH at the right side of the chart suggests a bearish sentiment. Fibonacci Retracement Levels: Key Fibonacci levels are marked, with 0.786 (730.18802), 0.705 (728.41885), 0.618 (718.33226), and 0.382 (701.67774) being significant. The price is currently near the 0.382 level, which could act as support. Volume Profile: The volume profile on the right shows significant trading activity around 713.25 and 731.24, indicating strong resistance levels. The lower volume nodes around 687.11 and 674.72 suggest potential support zones. RSI and MACD Indicators: The RSI is currently around 39.67, indicating that the asset is approaching oversold conditions. The MACD histogram shows red bars, suggesting bearish momentum, but the green bars indicate potential bullish divergence. Buy Strategy: Entry: 687.11 (near the support level and lower volume node) Take Profit 1 (TP1): 713.25 (+261.4 pips) Take Profit 2 (TP2): 731.24 (+441.3 pips) Stop Loss (SL): 674.72 (-124.9 pips) This detailed analysis uses various trading strategies, including Price Action, Smart Money Concepts (SMC), and ICT Elliott Wave Theory. The indicators displayed on the chart, such as Fibonacci retracement levels, volume profile, RSI, and MACD, support the analysis and identify key levels for entry, take profit, and stop loss