Bitcoin is currently trading well above the key base levels of $33,114.36, $25,608.60, and $29,503.61, but there's always the possibility of a gradual decline toward these prices. If the market experiences increased volatility, regulatory changes, or significant sell-offs, the price could slowly drop to $33,114.36, testing the market's resilience. A further...
Anticipating a short-term bearish trend for Ethereum (ETH), with potential downside movement from 1787 to 1767, aimed at enticing traders by partially filling the existing gap. Employing a risk-reward ratio of 1:2 due to prior instances of upward gap completions. target 1824 which will become a resistance
Upon analyzing the 4-hour timeframe, a substantial reaction is evident at the downward trendline. This observation indicates a prevailing fear in the market and a loss of bullish momentum. From my professional viewpoint, it is essential for the USD side to address the gap that remains unfilled before any sustained upward movement can be expected towards the...
Based on the daily timeframe chart, a strong confluence is evident around 1925.88, which will serve as our support area for the entire week starting from August 7 to August 14, 2023. There is a possibility that the price will continue to rise until it reaches the .618 Fibonacci level of the previous high and low. My strategy is to buy on each retracement within...
Beautiful set-up so far , would this be play ? comment your opinion guys .
Here we can see that the trendline aligns with the movement of the market. Is it possible that the bear season of the market is not yet over?
The key question we're examining is whether Bitcoin will clear the order block from the second quarter of 2022. Currently, two scenarios are being considered: Scenario 1: Bitcoin may sweep up the second quarter before descending further. In this case, the price action is expected to move upward in the short term, potentially encountering resistance at the...
Analysis of USD/JPY suggests that the currency pair is likely to experience a significant uptrend with a possible target level of 142.329. Currently the pair is facing a resistance level which has historically proven to be a significant barrier for price movement. This resistance level indicates a point where sellers have typically outweighed buyers causing the...
Currently, the price action is exhibiting consolidation at the resistance trendline formed on June 16 and June 22. There is a potential downside movement towards the level of 1.1123. However, it is worth noting that if there is a surge in buying pressure, it could trigger a breakout of the ascending triangle pattern observed on the daily time frame.
After bouncing off the 1.9 resistance level, it retraced to the 1h downward trendline with a strong resistance level. Due to the breakout here, if there is intense selling, it may continue to decline from the 1.895 level, which also serves as the trendline for February 2023 and June 2023. https://www. tradingview. com/x/AEcE9NYl/
My analysis suggests that gold is expected to form a fair value gap ranging from 1948.372 to 1938.714. This range can act as a support level in the coming days, potentially leading to stabilization or a rebound in gold prices. As a result, this presents an opportunity for you to consider buying gold with the expectation of price appreciation. Additionally, I have...
The process of accumulation in trading using Wyckoff theory involves several steps: 1. Shakeout: This is where the market pushes prices down to catchstop orders and trigger panic selling. This usually creates a false breakdown below support levels. 2. Absorption: During this stage, smart money enters the market and accumulates a large number of shares at the...
BITSTAMP:BTCUSD this is how I see the movement of bitcoin . i know it will happen , if it does .I will be able to buy a mansions , yacht and a lot of luxury jewelries , cars , shirts , pants , and bags . ofcourse I will help a lot of people too.This is the story. They will focus on finding who's Satoshi Nakamoto really is . It will be the reason of severe...
This is just a quick glance from 2025 since I only stayed there for a second . Lol just kidding So , I tried my best to make a prediction of BTC Market movement , I used my knowledge that i've learnt from trading . The indicators that i used to calculate the movement is FIBONACCI , RSI , MACD , Trend patterns and lines . I have accurate analysis in this past...
Just posted for reference. It could be bearish until end of may and that would be on the peaks of the lower lows of the previous year
BULLISH momentum is coming out this few more weeks and have probability to hit the arrowed in the chart.