Get started

Chart Patterns

Bitcoin Global / Local Fib Levels point to the TOP area to watch Each Low to ATH has a "Local" Fib extension Set And the Yellow Fib extension is from the 2011 Low to the 2013 ATH and I use this as a "Global" Fib as that was, in reality, the first ever Low to ATH before a sustained draw back. Please Note that as Candles would not show very clearly at this scale, I have used a Line. This has some inaccuracy as to true candle Ends. As a result, it looks like some Fibs are misplaced but I assure you, each are placed accurately, using candles and then the Line is used. The Fibs are accuratly placed. Local Fib extension ATH Fib number 2013 November - 5.272 2017 December - 4.236 2021 November - 2 2025 Current just above 2.618 Global Fib extension ATH number NOTE- See on chart how ATH is just above this Fib level, except for Fib 1. 2013 November - 1 2017 December- 1.414 2021 November - 1.618 2025 Current Fib just below 1,758 - if we follow trend, I expect ATH to be using this 1.768 line, the next in sequence of Fib numbers. Local Fib charts 2011 low to 2013 ATH 2015 low to 2017 ATH 2019 low to 2021 ATH 2023 low to current position To me, there are a number of things to see here. More than anything, what is plain to see is how Bitcoin has used the Global Fib numbers like stepping Stones. Currently just below the 1.768, which is the next in sequence. ( Yellow lines ) All but the First ATH were recorded just above the Global Fib lines ( the First was on the line ) and I have little doubt we will do this again. And if we look at the pattern of the Local Fib lines, we can see that we missed the 3.236 line in 2021 We went from 5 to 4 to 2. ( ignoring the 236 bit for now.) We missed 3 See how the first 2 Local Fibs dropped by nearly one complete Fib number, from 5.272 to 4.236 By the time we headed towards the 2021 ATH, the market accelerated hugely, mostly due to the idea of Get Rich quick and no tax rules..GREED WAS UPMOST. Even at the time, I considered this cycle Abnormal. Many charts show why, and I will not expand further here. The Local Fib level for that run was distorted by the swift recovery from the low in 2019. While this was not a bad thing, it changed the cycle dynamics. This cycle, currently, we have returned to a more sensible approach and we appear to be heading to the 3 local Fib zone, maybe as we should have done in 2021. This also happens to be just above the 1.768 Global Fib line, The next expected Global ATH line. So, we are currently approaching that 1.7668 Global Fib line and we can expect the ATH to be above this, if we follow the previous 2 ATH. And if we go above that Global line the same as we have in the last 2 previous cycles, we find the Local 3 Fib extension. IF we were to follow previous, this could be expected ro be the 3.236, at around 190K I think this is doubtful and maybe the 3 itself is more realistic at 155K So, there you have it. Bitcoin and its Fibs have a pattern, it get broken and it looks like it is trying to regain that pattern. And this is all done by Humans trading........ Astounding. and that 2 Global Fin line in 2029 ? Will we get there ? Given the introductions of ETF and Corprate Long term holders....Will we see a bear market before we rech that 2 Global Fib ? So many questions... One real answer is BUY BITCOIN AND HOLD ON TO IT
BITSTAMP:BTCUSD
by Orriginal
ETH/USDT | Ethereum Pullback Over? Next Stop New Highs! (READ)By analyzing the Ethereum chart on the weekly timeframe, we can see that after climbing to $4,700, the price pulled back and is now trading around $4,500. If ETH can hold above the $4,480 level, we can expect more upside. However, today the market will be very volatile due to the Fed interest rate decision. With that condition in mind, the next possible bullish targets for Ethereum are $5,100, $5,500, and $6,000. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
5
USDJPY selling pressure ahead of Fed rate decision The USDJPY pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the falling resistance, suggesting a temporary relief rally within the downtrend. Key resistance is located at 148.90, a prior consolidation zone. This level will be critical in determining the next directional move. A bearish rejection from 148.90 could confirm the resumption of the downtrend, targeting the next support levels at 146.10, followed by 145.40 and 144.60 over a longer timeframe. Conversely, a decisive breakout and daily close above 148.90 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 149.75, then 150.20. Conclusion: The short-term outlook remains bearish unless the pair breaks and holds above 148.90. Traders should watch for price action signals around this key level to confirm direction. A rejection favours fresh downside continuation, while a breakout signals a potential trend reversal or deeper correction. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
USDCAD upside resistance at 1.3790The USDCAD pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the falling resistance, suggesting a temporary relief rally within the downtrend. Key resistance is located at 1.3790, a prior consolidation zone. This level will be critical in determining the next directional move. A bearish rejection from 1.3790 could confirm the resumption of the downtrend, targeting the next support levels at 1.3725, followed by 1.3700 and 1.3690 over a longer timeframe. Conversely, a decisive breakout and daily close above 1.3790 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 1.3820, then 1.3840. Conclusion: The short-term outlook remains bearish unless the pair breaks and holds above 1.3790. Traders should watch for price action signals around this key level to confirm direction. A rejection favours fresh downside continuation, while a breakout signals a potential trend reversal or deeper correction. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
Bitcoin will break resistance level and continue to move upHello traders, I want share with you my opinion about Bitcoin. The market dynamic for Bitcoin has undergone a significant shift, with the prior bearish trend being invalidated by a strong breakout from a downward channel. This reversal has established a new bullish market structure, with the price action for BTC now being methodically guided higher within a well-defined upward channel. This pattern has been confirmed by multiple rotations between its support and resistance boundaries, originating from the 108400 - 109400 buyer zone. Currently, the asset is undergoing a healthy correction after testing the upper part of the channel, and the price is now approaching a critical confluence of support. This area is defined by the ascending support line of the channel and the major horizontal 109400 support level. The primary working hypothesis is a long, trend-continuation scenario, anticipating that buyers will defend this support confluence. A confirmed bounce from this area would signal the end of the correction and the resumption of the primary upward trend. This move is expected to break through the intermediate 117500 resistance level. Therefore, the TP is logically placed at 119600, targeting the upper resistance line of the channel. Please share this idea with your friends and click Boost 🚀 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
THINKMARKETS:BTCUSDLong
by LegionQ8
USDCHF bearish continuation below 0.7900The USD/CHF pair is currently trading with a bearish bias, aligned with the broader downward trend. Recent price action shows a retest of the falling resistance, suggesting a temporary relief rally within the downtrend. Key resistance is located at 0.7900, a prior consolidation zone. This level will be critical in determining the next directional move. A bearish rejection from 0.7900 could confirm the resumption of the downtrend, targeting the next support levels at 0.7850, followed by 0.7825 and 0.7800 over a longer timeframe. Conversely, a decisive breakout and daily close above 0.7900 would invalidate the current bearish setup, shifting sentiment to bullish and potentially triggering a move towards 0.7920, then 0.7940. Conclusion: The short-term outlook remains bearish unless the pair breaks and holds above 0.7900. Traders should watch for price action signals around this key level to confirm direction. A rejection favours fresh downside continuation, while a breakout signals a potential trend reversal or deeper correction. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
I added a bit more to my $DOT position Fundamentals are getting stronger. 💪 Polkadot DAO recently passed the referendum to introduce a hard cap on it's supply at 2.1b tokens. The new model will also reduce issuance gradually every two years. This is hugely significant as it changes the token from inflationary to deflationary. Technicals are also looking very good. We have a nice sideways range of whale accumulation from the current lower liquidity zone and a very nice total risk to reward ratio to ATH of 1:40. From current levels it would be a 1240% increase on spot to ATH. NFA* please play it safe, enter gradually and use DCA if possible. *DYOR always. ✅ DCA bot strategy video: www.youtube.com
Long
by Jordan_Crypt_SA
DOW JONES (US30): Your Plan to Trade FOMC Today US30 keeps coiling on a recently broken daily key resistance that turned into a support after a breakout. To buy the market with confirmation after today's rate decision, concentrate your attention on a double bottom pattern on a 4H time frame. A bullish breakout of its neckline and a 4H candle close above 46850 will provide a reliable signal. A bullish continuation will be expected to a current structure high then - 46087. ❤️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.
TRADENATION:US30Long
by VasilyTrader
1
War Room Watchlist Update — EURCHF (Triple-Bottom or Break-&-RetWe flagged EURCHF a couple of days ago for either a triple bottom confirmation or a break-and-retest. Price has revisited the lows and just printed a hammer at the level—good first sign of responsive buyers. From here, I’m watching for the engulfing trigger at the zone with the VMS trio lining up at the moment of confirmation: Structure: Clear rejection at the base; space for at least 2R before overhead traffic. Volume: Ideally ≥60 on/into the trigger candle—no weak prints. Momentum: A clean hook up from the floor (no flat read / no bearish divergence). Two clean scenarios: Long (triple-bottom confirm): Hammer → engulfing up at the base with V≥60 + momentum hook → enter; invalidation just below the structure. Short (break-&-retest): Decisive close below the base → retest from underneath fails with bearish engulfing + V≥60 + momentum down-hook → enter; invalidation above the retest wick. If/Then Plan: If we get the engulfing + V≥70 + momentum hook at the level, then I’ll consider the setup in that direction; else it stays a pass. No alignment, no trade. I post the full morning session daily (multi-market breakdowns and management) — see profile links for details.
by darlwright