NEW YEAR started a very nice , trade is closed in the nice profit ( leverage *10) & hopefully you are all in profit already as well...if not...blame your self only, cos I told ya ! ;) PS: printer friendly "KISS" version
https://www.tradingview.com/x/NpPvpd4m/ So BTC overall long term is Bullish af but Short term We hitting a new bull market low We are in a riseing weged ooo & where retesting the breakout from the riseing megaphone pattern now we are under the 200 ma trying to fight the bears into bull terratorry but I think a corretion is Due if it cant hold over the 200 MA BTC is going to fall fast and hard but thats the last drop and low I see it reaching no more after that. targets around 88k89k90kish around there ye boys im all in I Trust this outcome I forgot to mention i used Fibs to find these evels as well a mod here opened my eyes on how powerful it is
Key Resistance & Support Zones: Resistance Zone (~$99,900): This level aligns with multiple technical factors: Daily Order Block (OB) Point of Control (TPOC) Range High Liquidity Grab (SFP) This area presents a strong technical case for initiating short positions, given the weakening buying momentum at higher levels. Support Levels: $97,000: Initial support and key level to watch for bearish continuation. $95,000: A zone with potential local liquidity. $92,000: Deeper target if the downward move intensifies. Short Entry Points: 1️⃣ Primary Entry: $99,500–$99,900 upon reaching the resistance zone. 2️⃣ Secondary Entry: Above $100,000 after a confirmed rejection (liquidity grab and bounce back). Take-Profit Levels (TP): TP1: $97,000 — Immediate support level. TP2: $95,000 — Significant liquidity zone. TP3: $92,000 — Extended target for continued bearish momentum. Invalidation Level: A daily close above $100,500 would invalidate the short setup, signaling potential bullish continuation. In this scenario, exit the position to mitigate losses. Analysis: The current price structure suggests fading bullish momentum near key resistance levels. A failure to hold $97,000 would strengthen the bearish case, opening the door for lower targets. However, maintaining discipline and adhering to stop-loss levels is crucial. Stay vigilant and adapt to market dynamics for the best outcomes.
Hi there! It is my first post, so be kind :) CAVA seems to be on the verge of the fifth Elliott wave: 1. After a downward trajectory since mid-November, price bounced nicely off a support line, which also corresponds with the 0.618 Fib level of the third wave. 2. Price might also be respecting a potential weekly trendline. 3. WaveTrend positive crossover, indicating a possible reversal of the downward trend since November. 4. RSI and Stochastic emerging from the oversold territory, confirming the possible reversal of the downward trend since November. 5. Price action finds itself in a possible falling wedge, which should be bullish. Target: at least the 3rd wave level. Stop loss: just under the support line. Any comments or suggestions? Thanks!
AUDUSD SELL STUDY https://www.tradingview.com/chart/4T9fBnZA/?symbol=OANDA%3AAUDUSD
recovery of uptrend has been strong and FTM is now consolidating right below prior support. since it has not rejected when touched it, but rather consolidated, we can expect a strong onward continuation upward
Immediate Resistance is around 55 - 55.20 which may seems to break this time with immediate targets around 60. & if 60 is crossed with Good Volumes, we may witness New Highs around 71 - 72 & then may be around 80, 81 & 90. On the flip side, it should not break 36.
Last week I shorted already ADA/USD but on the 4H timeframe. I closed that trade because the sellers didn't pushed the price down strong enough. Looking back my trading decision was good but only zoomed out on a higher timeframe 12H. Now I'm looking again to the trade on the 12H timeframe and see still a good sell opportunity. The supply zone is strong and price cannot break trough bullish. Also BTC is stalling arround the 99K lvl support, ETH is also near a small demand zone on the 12H. This makes me confident to short this pair with a direct market order. Im in at this moment the market will move down next week temporary.
In the weekly time frame, an Cup and Handle pattern is visible on the chart. It will take some time for it to fully develop. It seems that a large uptrend is on the way.
A solid intraday level for profit-taking: entry at 197.006, targeting 196.71. Feel free to reach out if you have any questions!