BTC Bulls Back in Control – 130K in SightIn my previous BTC analysis, I highlighted that the price was sitting right in a confluence support zone, with strong odds for a bullish reversal.
That scenario played out well — bulls regained control. After a retest of the low pruces in the middle of last week and a modest initial bounce, momentum accelerated today, pushing BTC close to its previous all-time high at the time of writing.
Looking ahead, I don’t expect the old ATH to be a major obstacle for buyers. A clean break above should open the path toward 130K+ as the next logical upside target.
For now, as long as BTC trades above 114K, bulls have no reason for concern.
Candlestick Analysis
CVX – Ichimoku Bullish Setup
📈 Technical Outlook
☁ Kumo: Large & supportive. Span A flat (pause), Span B bullish.
🔹 Tekan-sen: Broken to downside.
🔹 Kijun-sen: Bounce & pointing up → trend strength.
📍 Chikou Span: Above price → bullish confirmation.
💡 Bias → High probability of upside continuation.
📊 Trade Plan
Entry: 155.01
Stop Loss: 149.55 (below last swing low)
Take Profit: None – trail SL at each new swing low
🎯 Potential Target Zone: 168.96 (major resistance)
⚠ Risk Management
This setup follows Ichimoku principles—let winners run, cut losses early.
Not financial advice. Trade at your own risk.
MNQ SET TO MAKE MORE NEW HIGHS, BEWARE OF THE STRONG PULLBACKSWe are very likely to witness CME_MINI:MNQU2025 (and of course NQ) reaching for new highs in the not too distant future.
However it is wise to bare in mind that price having made a high in the previous week of may experience a deep retracement into an area of weekly price inefficiency:
This general area sits nicely above the lower end of the Premium-High of the current weekly Dealing Range (0.75 DRT).
It is also feasible to expect price to revisit the Equilibrium of the current weekly Dealing Range (0.5DRT) as depicted in the chart at a general area of over the next month or so before seeing sustainable new highs being achieved.
Lets keep a keen look out for the release of this week's economic reports (especially inflation related) that may help drive price lower in the short term before we see it achieve a season of further new highs.
GBPAUD: Correction ContinuesAfter a period of consolidation within a broad horizontal range on an intraday chart, the 📈GBPAUD pair has violated its support level
This violation represents a significant indication of the buyers' dominance.
It could potentially initiate an upward correction, possibly reaching as high as 2.0717 support level.
Market trend forecast and layout at the beginning of the week#XAUUSD
On Friday night, gold prices fluctuated rapidly before closing due to news, and finally closed near 3397. Currently, gold is fluctuating and consolidating in the 3400-3380 range. This pattern not only reflects the fierce game between bulls and bears, but also suggests that the market may be brewing a new breakthrough direction. Therefore, we need to be particularly vigilant about potential breakouts next week.
Judging from the market alone, gold is still in an upward trend channel, so at the beginning of the week we can focus on the effectiveness of the support between 3390-3380. If the support level of 3390-3380 below remains solid and the hourly line breaks through and stabilizes above 3400, then the gold price may test the key resistance level of 3410 again. Once it breaks through, it is expected to reach 3420-3430.
OMATEK LONG IDEAAfter getting to a resistance turned support within the discount level, bullish engulfing candlestick was formed on OMATEK stock. This is a signal that price is ready to go higher.
To take advantage of the long opportunity, you can buy at the current market price. The stop can be at N1.13 (-16.30%) while the targets are N1.89 (40%) and N2.26 (67.41%).
Confluences for the long idea:
1. Key level (resistance turned support)
2. Bullish engulfing candlestick
3. Uptrend
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.
Bitcoin Readies for a $120K Breakout — Watch the Weekly Candle
OKX:BTCUSDT
Summary
If Bitcoin’s weekly candle engulfs the previous one, we can expect an explosive breakout.
Instrument / Timeframe
BTCUSDT, 1W
Scenario
If this week’s candle fully engulfs the prior week, the next week can start decisively bullish and push into fresh highs. For now, we won’t set fixed upside targets; let price discover. Once the market prints a clear resistance at the new peak, we’ll treat that level as Bitcoin’s new ceiling.
Trade Plan (example, not advice)
For long-term buyers who practice sound risk and capital management, a confirmed daily break and close above $120,000 can serve as an entry trigger.
Disclaimer
This is market commentary and reflects my personal opinion. It is not investment advice, a recommendation, or a solicitation to buy or sell any asset. Crypto markets are highly volatile and you can lose part or all of your capital. Always conduct your own research, make independent decisions, and use strict risk management (position sizing, stop-losses, scenario planning). Past performance is not indicative of future results. For guidance tailored to your situation, consult a licensed financial advisor.
#Bitcoin #BTC #BTCUSD #BTCUSDT #Crypto #Breakout #PriceAction #Engulfing #Candlestick #SupportResistance #MarketStructure #Momentum #RiskManagement #PsychologicalLevel #WeeklyClose
EURGBP 1 H longOnly chart I'm interested in next week, IF the price falls down like I want. otherwise I happy to skip this setup :)
What do I want to see? Like the start of the downtrend long red candles rushing to the support line. No consolidation. When that happens my buy orders are waiting at he the support line all the way down till the trend starts bullish again.
DAARCOMM LONG IDEA DAARCOMM stock, after breaking out of a trendline and retesting a support level, a bullish engulfing candlestick was formed. This is an indication that price is ready to go higher.
To take advantage of this long opportunity, you can buy at the current market price. The stop can be at N0.78 (-19.59%) while the target can be at N1.29 (32.99%).
Confluences for the long idea:
1. Trendline breakout
2. Support level
3. Bullish engulfing candlestick
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.
MULTIVERSE LONG IDEAMULTIVERSE just broke out of a trendline with a bullish engulfing candlestick. This happened within the discount level. Hence, this is an indication that price is ready to rally up targeting the high.
To take advantage of this long opportunity, you can buy at the current market price. The stop can be at N6.50 (-33.67%) while the targets are N12.30 (25.51%) and N24.70 (152.04%).
Confluences for the long idea:
1. Trendline breakout
2. Discount level
3. Uptrend
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.
LASACO LONG IDEALASACO stock just broke out of a trendline with a strong bullish engulfing candlestick. In addition to the trendline breakout, the candle also broke a resistance level, respecting the uptrend.
To take advantage of this long opportunity, you can buy at the current market price or wait for price to drop to the resistance turned support level at N3.42. the stop can be at N2.54 (-33.33%) while the target can be at N5.35 (40.16%).
Confluences for the long idea:
1. Trendline breakout
2. Bullish engulfing candlestick
3. Strong volume momentum
4. Uptrend
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.
DEAPCAP LONG IDEADEAPCAP stock, after breaking out of a trendline and retesting the trendline and support level, it formed a bullish engulfing candlestick, confirming that it's ready to continue the rally.
To advantage of this long signal, you can buy at the current market price. The stop can be at N1.10 (-19.12%) while the targets are N1.60 (17.65%), N1.94 (42.65%) and 2.36 (73.53%).
Confluences for the long idea:
1. Breakout and retest of a trendline
2. Bullish engulfing candlestick confirmation
3. Support level
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.
ARADEL LONG IDEAARADEL stock is giving a long signal by having bullish divergence on awesome oscillator using the weekly timeframe. Last week candle closed as a bullish candle after a bullish engulfing candlestick formed in the previous week. This happened at a support level which also has a trendline. In addition, there was a breakout of a down trendline. Confirming that buyers are ready to push the price higher.
To take advantage of this long signal, you can buy at the current market price. Stop can be at N467.5 (-10.11%) while the targets are N666 (27.92%) and 850 (63.43%).
Confluences for the long idea:
1. Awesome oscillator bullish divergence
2. Bullish engulfing candlestick confirmation
3. Support
4. Trendline breakout
Disclaimer: This is not a financial advice. The outcome maybe different from the projection. Don't take the signal if you're not willing to accept the risk.
GER40 – Testing 24,300.00 Resistance ZoneGER40 has been pushing higher after reclaiming the 24,100.00 level, with price now consolidating just below the 24,300.00 resistance. Bulls are attempting to break through this zone to target the 24,652.29 high.
Support at: 24,100.00 🔽 | 23,950.00 | 23,800.00 | 23,400.00
Resistance at: 24,300.00 🔼 | 24,652.29 (ATH)
🔎 Bias:
🔼 Bullish: A breakout and close above 24,300.00 could trigger a rally toward the ATH at 24,652.29.
🔽 Bearish: Rejection at 24,300.00 with a drop below 24,100.00 may send price back toward 23,950.00.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
Hot Take, PLTR is a BubbleHello I am the Cafe Trader.
Price Action suggest we haven't had a proper buyer since $90.
Now I know that this can sound a bit off putting (especially if you bought above $90).
Even if this crashed, I am not suggesting you sell your long term position. I would instead look into hedging your position, giving yourself some exposure to the downside.
Consider these 2 non-biased reasons before writing me off.
Point 1
Price action suggests we have been in a short squeeze since April. Although in the short term I do see current retail buyers taking this to 169.
Point 2
If we do not land new Strong Buyer (someone that can support the price) all of this squeeze will come crashing back down to where they can support the price.
Conclusion
If we close below 152.50 on the day, this would suggest that bears have or are in control. This would expose many to tons of risk.
Here are my long Term prices for PLTR
Aggressive = 120
Fair = 107.50 - 108.50
Good = 89
Steal = 71-74.50
That's all for PLTR take a look at my other articles if you are interested in more!
Happy Trading!
@thecafetrader
ETH Critical Next Few Days.Hello I am the Cafe Trader.
Today we are taking a close look at Ethereum.
After the Tariff news and the Jobs report, The market as a whole seems very bearish suddenly to many. Even though we do have aggressive sellers in the short term, The market is still bullish in the mid to long term. Let's take a look.
Sentiment has changed
A major catalyst (like the Tariffs news) can cause a change of terrain. Buyers may become more bashful, taking their foot off the gas (where the put it before). Reactions to kry levels (like "top of demand") will give us clues into how strong are they still.
Short Term
ETH had a huge rally, Whats does a healthy rally need for a continuation?
Consolidation
This brings us to the charts
Top of demand gives us evidence of how convicted these current buyers still are in a market. A hot reaction = Aggressive Demand. Cold Reaction = Hesitant or lack of Demand.
Todays close was a touch cold, but considering the recent bearish news and data, not terrible. Buyers are still active in this area, but since the terrain might have changed, I have given you two scenarios.
Green Scenario
For this to play out, we need to see buyers step in immediately. The longer ETH stays in this demand, the heavier they will become (and it's a long way down)
Wait for a second test minimum. Best to get a hot reaction. If it presses into the demand zone, Cut it early. (always good to wait for a close)
Entry 3,518
Stop 3,360
TP 1 3,990
TP 2 Breakout? Trailing stop?
Red Scenario
If we can't close above top of demand (Like tomorrow...) This is the likely scenario. I would be hard pressed to try and catch a knife this overextended. So until we identify where the new sellers are sitting, I can't give you any trades on this scenario. If you are short biased this could run all the way down to the bottom of demand.
I'll keep a close eye this over the weekend and keep updates.
Long Term
These prices should be according to your personal sentiment on ETH.
Aggressive = 3,500
Good price = on the trend roughly 2,900 - 3k
STEAL = 2,200 - 2,400
That's all for ETH! Enjoy your weekend, and Happy Trading!
@thecafetrader
Learning#05 : Decoding Highs and Lows📚 Learning#05 : Decoding Highs and Lows
- A Trader’s Guide to Reading the Market - Simple Yet Important
If the market were a book, the trend would be its storyline — and as traders, our job is to read that story without skipping pages. Trading with the trend puts the odds in your favor because you’re flowing with the market’s natural momentum, not fighting it.
Whether it’s an uptrend, downtrend, or a sideways grind, spotting it early gives you a big edge in deciding when to enter, when to exit, and when to simply step aside.
One of the simplest yet most reliable ways to read that story?
👉 Story of Highs and Lows
Let’s break it down.
📚 Understanding Highs and Lows in Trading
In technical analysis, highs and lows are the market’s way of leaving breadcrumbs.
A high is a peak before the market pulls back.
A low is a trough before the market bounces.
Track these points over time and you start to see patterns that reveal the market’s mood — bullish, bearish, or indecisive.
This isn’t about guessing; it’s about observing price action as it is.
📌 The Four Key Building Blocks of Market Structure
1️⃣ Higher Highs (HH)
Each new high is higher than the one before.Paired with higher lows, this signals an uptrend. Buyers are in control, and demand is pushing price upward.
Example: Nifty rallies from 22,000 to 22,200, pulls back to 22,100, and then rallies to 22,350. That second high (22,350) is higher than the first, confirming bullish momentum.
2️⃣ Higher Lows (HL)
Each pullback low is higher than the last.This tells you that sellers tried to push the market down — but buyers stepped in sooner this time, showing strength.
HLs often precede trend continuation and give great spots for entering long positions with tight risk.
3️⃣ Lower Lows (LL)
Each new low is lower than the previous one.Paired with lower highs, this marks a downtrend. Selling pressure is in charge, and rallies are being sold into.
4️⃣ Lower Highs (LH)
Each bounce high is lower than the last.This shows weakening buying pressure and often leads to another push lower.
Think of it like climbing stairs vs. walking down a hill:
📌 HH + HL = Stairs up → Bull trend.
📌 LL + LH = Hill down → Bear trend.
📈 HH+HL : Bullish Setup :
📉 LL+LH : Bearish Setup :
📌 Why It Matters for Traders
Price action is the most honest information in the market — no lag, no magic, no guesswork.
HH/HL → Bulls in control → Look for long setups.
LL/LH → Bears in control → Look for short setups.
Spotting these patterns on the fly means you can align with the dominant side instead of fighting it.
🧩 Combining HH & LL With Other Tools
📏 Fibonacci Retracements
Once you’ve identified the trend:
In an uptrend, draw Fibonacci from the latest HL to HH for pullback buying zones.
In a downtrend, draw from the latest LH to LL to find shorting opportunities.
⛰️ Fractals for Clarity
Fractals help pinpoint swing highs and lows without guesswork. I personally track HH/HL/LL/LH on a 1-minute chart for intraday trading — this keeps me in sync with the micro-trend while avoiding sideways traps.
🔀 Trendlines & VWAP
Trendlines show the bigger path, VWAP confirms intraday balance. When HH or LL aligns with these, you’ve got high-confluence setups.
🥷 Kiran’s Approach
For intraday, I start by mapping the structure: HH, HL, LL, LH. This gives me the immediate trend bias and alerts me to potential reversals early. I track them on a 1-min chart, combine with Fibonacci and trendlines, and trail stops as the structure unfolds.
It’s simple, visual, and keeps me out of bad trades and warns me to stay out of a sideways market situation, too.
🔑 Key Takeaway
Market structure is like a language — HH, HL, LL, and LH are its alphabet. Once you learn to read it, you’ll never trade blind again.
💡 “Trade what you see, not what you think. The chart always whispers first — you just have to listen.”
Start marking highs and lows on your chart tomorrow. Watch the story unfold. Trade in sync, and you’ll notice your entries become sharper, your exits cleaner, and your confidence higher.
See you in the next one — and until then:
Keep it simple. Trade with structure. Trust the levels.
— Kiran Zatakia
Ethereum (ETHUSD): All Time High Ahead📈Ethereum has successfully broke above an important daily resistance level today.
The next major resistance is base on the All Time High.
I anticipate the market will continue to rise towards the 4800 level, but I prefer to wait for a pullback to buy on a retest of the broken structure.
Market Manipulations. Bullish Trap (Smart Money Concepts SMC)
In the today's article, we will discuss how smart money manipulate the market with a bullish trap .
In simple words, a bullish trap is a FALSE bullish signal created by big players.
With a bullish trap, the smart money aims to:
1️⃣ Increase demand for an asset, encouraging the market participant to buy it.
2️⃣ Make sellers close their positions in a loss .
When a short position is closed, it is automatically BOUGHT by the market.
Take a look at a key horizontal resistance on AUDCHF.
Many times in the past, the market dropped from that.
For sellers, it is a perfect area to short from.
Bullish violation of the underlined zone make sellers close their position in a loss and attracts buyers.
Then the market suddenly starts falling heavily, revealing the presence of smart money.
Both the sellers and the buyers lose their money because of the manipulation.
There are 2 main reasons why the smart money manipulates the markets in a such a way:
1️⃣ - A big player is seeking to close a huge long position
When a long position is closed, it is automatically SOLD to the market.
In order to sell a huge position, smart money needs a counterpart who will buy their position.
Triggering stop losses of sellers and creating a false demand, smart money sell their position partially to the crowd.
2️⃣ - A big player wants to open a huge short position
But why the smart money can't just close their long position or open short without a manipulation?
A big sell order placed by the institutional trader, closing their long position, can have an impact on the price of the asset. If the sell order is large enough, it can push the price downward as sellers outnumber buyers. Smart money are trying to balance the supply and demand on the market, hiding their presence.
It is quite complicated for the newbies and even for experienced traders to recognize a bullish trap.
One of the efficient ways is to apply multiple time frame analysis and price action.
Remember, that most of the time bullish traps occur on key horizontal or vertical resistances.
After you see a breakout, analyze lower time frames.
Quite often, after a breakout, the market starts ranging .
After a breakout of a key daily resistance, gold started to consolidate within a narrow range on an hourly time frame.
Bearish breakout of the support of the range will indicate a strength of the sellers and a highly probable bullish trap.
Remember, that you can not spot all the traps, and occasionally you will be fooled by smart money. However, with experience, you will learn to recognize common bullish traps.
❤️Please, support my work with like, thank you!❤️
I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
True or false? How to Decide Between Long and ShortInfluenced by the news related to tariffs, gold has just completed a fluctuation of nearly $20 in a very short period of time, breaking the silence of the gold market in one fell swoop. Separately, news indicates that the White House is planning to clarify the misinformation surrounding gold bar tariffs.
If there were traders who had rashly entered the market before, in the absence of strict trading system constraints and strict trading discipline, they would inevitably suffer certain losses regardless of whether they chose to go long or short.
This is also the reason why after giving my daily trading strategies, I will repeatedly emphasize the importance of strictly adhering to trading planning and discipline.
For ordinary traders, it's difficult to discern the authenticity of this news. After all, the Trump administration has a history of denying its own statements. Therefore, sometimes it's wise to remain on the sidelines.
This is also what I specifically reminded you to do when publishing my trading strategy this morning: be sure to trade with a small position today and be vigilant to potential unforeseen circumstances.
Next Stop 3420? Gold Bulls Push the Limit!Gold has shown a step-by-step rise in the short term, and has stood above 3,400 many times, and the bullish force is relatively strong. However, correspondingly, after gold stood above 3400, it fell under pressure several times, so the shape was not particularly good, which increased the risk of pullback in the short term.
However, we do not need to worry. Gold is still running in an ascending wedge structure. Although it has been under pressure and fallen back several times during the attack on 3400, the bullish structure has not been effectively destroyed so far. Moreover, with the sharp increase in gold buying, the 3380-3370 area below has become an obvious intensive trading area, which has greatly limited the gold retracement space.
In addition, after gold broke through 3340, market sentiment tended to be optimistic. If gold experiences a short-term pullback, more funds will flow into the gold market, especially for those who have missed out on long trades before, who will rush into the gold market even more frantically. Under the resonance of the current technical structure and market optimism, gold still has the potential to hit 3400, and bulls are even expected to stand firm at 3400 and make further efforts.
So in terms of short-term trading, I still advocate that gold pullbacks are buying opportunities. And I cherish the opportunity to enter the market and go long in the 3385-3375 area, and am optimistic that gold will hit 3400 again, and may even continue the bull trend to the 3420-3430 area.
OANDA:XAUUSD FOREXCOM:XAUUSD TVC:GOLD FX:XAUUSD CAPITALCOM:GOLD
Nifty Analysis EOD – August 8, 2025 – Friday🟢 Nifty Analysis EOD – August 8, 2025 – Friday 🔴
From Yesterday’s Glory to Today’s Gloom — Bulls Knocked Off the Board
Today’s market was a textbook case of how quickly momentum can flip. Yesterday’s 289-point bullish surge was completely erased, with Nifty ending deep in the red and closing at the day’s low. Sellers clearly had the upper hand, leaving little room for bulls to breathe.
🗞 Nifty Summary
Friday opened with a 65-point gap-down — right below the crucial 24,580 support zone — and that level instantly showed rejection.
In the first 45 minutes, Nifty slipped 150 points from the day high and 200 points from the previous day high. The key Fibonacci retracement level from yesterday’s range — 24,406 ~ 24,412 — played the role of intraday savior multiple times, offering support and holding the market within a narrow zone for most of the day.
However, the bulls’ defense cracked after 3:00 PM. The support broke, triggering a sharp slide below 24,380 and even the Previous Day Low (PDL).
The upside was capped by 24,470 ~ 24,460, while 24,406 ~ 24,412 remained the battleground for most of the day until the breakdown.
In a single session, yesterday’s dramatic 289-point recovery rally was completely erased — with Nifty closing at the bottom of the PDL and CDL.
Today’s close is now below the low of 12th May, marking a 64-session (88-day) low.
Now the question for Monday: will bearish momentum extend, or will some positive news bring bulls back into play?
🛡 5 Min Intraday Chart with Levels
Intraday Walk
🔻 Gap-down open below major support at 24580.
⏳ First 45 minutes: Steep drop of 150 points from the day high.
🛡️ Fib support at 24406–24412 holds multiple times… until the late break.
🔻 Post 3 PM: Support collapse leads to fresh lows below PDL.
📉 Close near day’s low — erasing yesterday’s bullish rally.
📉 Daily Time Frame Chart with Intraday Levels
🕯 Daily Candle Breakdown
Open: 24,544.25
High: 24,585.50
Low: 24,337.50
Close: 24,363.30
Change: −232.85 (−0.95%)
Structure:
Real Body: 180.95 pts (Red Candle — Close < Open)
Upper Wick: 41.25 pts
Lower Wick: 25.80 pts
Interpretation:
Strong bearish sentiment — sellers maintained control from open to close.
Very small lower wick — indicates conviction from sellers in closing near the low.
Wiped out prior day’s gains — buyers have lost the short-term edge.
Candle Type:
Bearish Marubozu (near-full body) — signals decisive selling pressure, often a continuation pattern after weakness.
🛡 5 Min Intraday Chart
🥷 Gladiator Strategy Update
ATR: 210.45
IB Range: 134.05 → Medium
Market Structure: Balanced
Trade Summary:
10:35 AM – Short Entry → SL Hit
📌 What’s Next? / Bias Direction
Below 24,400: Bearish momentum likely to extend toward 24,250–24,200.
Above 24,470: Only a strong reclaim can shift bias back to neutral.
Gap-down/weak open on Monday may accelerate selling; bounce attempts will face resistance at 24,400–24,470.
🔍 Support & Resistance Levels
Resistance Zones:
24,406 ~ 24,412
24,460 ~ 24,470
24,500
24,580
Support Zones:
24,315
24,280
24,240 ~ 24,225
24,185
💬 Final Thoughts
"Markets don’t turn on hope — they turn on price. Respect the levels, and let price lead the story."
Bulls had the glory on Thursday, but Friday flipped the script completely. The market now sits at a multi-month low — momentum favors bears, but Monday’s open will decide if we see follow-through selling or a sharp dead-cat bounce.
✏️ Disclaimer
This is just my personal viewpoint. Always consult your financial advisor before taking any action.