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Correction

Bitcoin can Fail its Retest and Fall to 117900 pointsHello traders, I want share with you my opinion about Bitcoin. The market for Bitcoin has shown a significant sign of exhaustion and reversal after establishing a new all-time high at the 126000 level. Although this peak was preceded by a strong breakout from a prior downward wedge, the rally failed to sustain, leading to a sharp sell-off. This has shifted the market structure to a bearish bias, confirmed by a decisive breakdown below the key 123300 level. Currently, the price of BTC is in a minor corrective phase, rallying back towards this broken structure. This price action is setting up a classic retest of former support as new resistance. In my mind, this retest presents a high-probability opportunity for sellers. I expect that the price will make a small upward movement into the seller zone near 123300. I think a confirmed rejection from this area will validate the bearish reversal and trigger the next impulsive move downwards. Therefore, I have placed my TP at 117900, targeting a significant area of prior price action and liquidity. 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:BTCUSDShort
by LegionQ8
27
EURUSD Long: Bounce Expected from 1.1660 DemandHello, traders! The prior market structure for EURUSD was defined by a descending channel, from which the price eventually broke out and entered a new consolidation range. The price action within this range has seen a rotation from the 1.1780 supply level down to the 1.1660 demand level, where buyer initiative has re-emerged. Currently, the auction is trading near this 1.1660 demand level after a reversal from the lows. The market is showing signs of building support in this zone, suggesting that the corrective move from the range highs may be complete. My scenario for the development of events is that after a final small correction, the price will continue its growth within the consolidation. I believe a successful defense of the demand zone will trigger a new rotation to the upside. The take-profit is therefore set at 1.1750, targeting the upper portion of the range. Manage your risk!
Long
by heniitrading
4
EURUSD Short: Continuation Within the Downward WedgeHello, traders! The prior market structure for EURUSD was a bullish ascending channel, which failed and led to a breakdown. This reversal has established the current bearish market phase, which has taken the form of a downward wedge. This pattern has been guiding the price auction lower through a series of lower highs and lower lows, confirming that seller initiative is dominant. Currently, the price action is consolidating within this wedge. Following a minor bounce, the market is showing signs of weakness and appears ready to continue the established downtrend, respecting the wedge's boundaries. My scenario for the development of events is a direct continuation of the decline within this wedge. I expect the price to complete another leg down from the current levels. The take-profit is therefore set directly at the 1.1615 level, targeting the demand zone which aligns with the lower support line of the pattern. Manage your risk!
Short
by heniitrading
17
BTCUSD Long: Path to 123000 After BreakoutHello, traders! The prior market structure for BTCUSD saw a significant reversal after the price broke out of a descending channel. This shifted control to buyers and led to a prolonged consolidation phase, with the price auction building a range between the demand zone 2 near 109700 and the supply zone around the 117000 level. Currently, this long period of balance has been resolved with a decisive breakout. A strong bullish initiative from the demand zone 2 has propelled BTCUSD above the 117000 supply level and out of the consolidation range. The market is now in a clear bullish expansion phase after breaking this key structural point. My scenario for the development of events is a classic breakout and retest. I expect the price to make a corrective pullback to test the former resistance at the 117000 - 118000 supply zone as new support. In my opinion, a successful bounce from this zone would confirm the breakout's validity and trigger the next impulsive wave higher. The take-profit is therefore set at 123000. Manage your risk.
BINANCE:BTCUSDLong
by heniitrading
8
Gold can Start a Corrective Move After a Strong RallyHello traders, I want share with you my opinion about Gold. The broader market context for Gold has been decidedly bullish since the price reversed and broke out from a prior descending channel. This structural shift established a new uptrend, which has since been neatly contained within a well-defined ascending channel, guiding the price action of XAU higher through a series of higher highs and higher lows. After breaking two key levels, the price has completed another full rotation and is now at a critical inflection point. Currently, the asset is trading very close to the resistance line of this ascending channel. My strategy is based on the expectation that the price will reach this line and then be rejected, initiating a corrective decline. I think that after such a strong run, a pull-back is a probable scenario. A confirmed reversal from this upper boundary would validate the short idea. Therefore, I have placed my TP at 3715 points. As noted, this is an intermediate target not located at a major support zone, designed to capture the initial phase of the anticipated downward correction. 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:XAUUSDShort
by LegionQ8
18
Euro will potentially Fall to 1.1680 After a Fake RallyHello traders, I want share with you my opinion about Euro. The market dynamic for the Euro has shifted from bullish to corrective after the price broke down from a prior upward channel. This structural change has led to the formation of a large downward pennant, a consolidation pattern that has been guiding the price of EURUSD lower. The market is currently trading near the resistance line of this pennant, with volatility compressing as it approaches the apex, signaling that a significant move is imminent. In my mind, an immediate breakout from this pennant could be a deceptive move designed to trap buyers. I expect that the price may initially break out to the upside and rally towards the major 1.1800-1.1780 seller zone. I think this rally will fail upon testing this significant area of historical resistance, creating a 'bull trap'. A confirmed and strong rejection from this seller zone would validate the overarching bearish scenario and likely trigger a sharp reversal to the downside. Therefore, I have placed my TP at the 1.1680 level, representing a logical objective for the decline that would follow such a failed breakout. 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.
Short
by LegionQ8
11
Bitcoin may be Rejected from Channel ResistanceHello traders, I want share with you my opinion about Bitcoin. The established market structure for Bitcoin remains bullish, with the price action being methodically guided higher within a well-defined upward channel. This pattern has been in effect since the resolution of a prior consolidation, creating a clear sequence of higher highs and higher lows. The price of BTC has just completed another full upward rotation within this structure and is now positioned at a critical inflection point. Currently, the asset is directly testing the upper boundary of the upward channel 2, a level which forms a powerful confluence of resistance with the horizontal 117500 - 118200 seller zone. In my mind, the resistance of this channel is likely to hold, initiating a corrective phase. I expect a rejection from this area, leading to a downward move that will break the current support level at 115600. I think this decline will continue towards the channel's main support line. Therefore, I have placed my TP at 113250, which aligns with this dynamic support line. 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:BTCUSDShort
by LegionQ8
16
Litecoin Is Still Eyeing December 2024 HighsLitecoin turned lower recently, but we believe this is just another corrective retracement within a broader bullish trend, which has been showing higher swing lows since the rebound from the 78.6% Fibonacci level back in April. We expect that retracement down from the December highs will be fully retraced, meaning there’s room for a push up toward 147 as illustrated on a daily chart. It can be looking for wave (5) of a diagonal pattern, or alternatively, maybe even wave (3) if it extends decisively above upper diagonal line and goes for 200 area. In the 4-hour chart, we got a sharp rebound from projected support and back above channel resistance line after we noticed an ABC correction, so bulls are back, and we may easily see more gains toward December 2024 highs, just watch out for short-term pullbacks.
BITFINEX:LTCUSDLong
by ew-forecast
EURUSD: Rally to the 1.1805 Zone from Support LineHello everyone, here is my breakdown of the current Euro setup. Market Analysis From a broader perspective, the price of EURUSD has been consolidating and building value within a large upward wedge. This pattern is defined by a series of higher lows, forming an ascending support line, which shows that buyers are consistently stepping in at higher prices. Currently, the price is in a corrective pullback phase. After testing the upper part of the wedge, it is now heading towards the ascending support line for what I see as a critical test of the bullish structure. My Scenario & Strategy My scenario is built on the idea that this upward wedge pattern will hold. This pullback to the support line is a classic 'buy the dip' opportunity within the established trend, and a logical place for the correction to end. I'm looking for the price to complete its correction to the ascending support line. A confirmed bounce from this dynamic support would be the key signal that buyers have absorbed the selling pressure and are ready to initiate the next move higher. Therefore, the strategy is to watch for this bounce. A successful rebound would validate the long scenario and should lead to a rally that breaks the 1.1780 Resistance. The primary target is the 1.1805 Resistance Zone. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Long
by Ratner
5
XAUUSD Short: Targeting 3800 on a Corrective MoveHello, traders! The price auction for XAUUSD has been operating within a well-defined ascending channel, confirming a strong bullish trend. This structure has guided the price higher through a series of impulsive moves and pullbacks, with buyers maintaining the initiative throughout this phase. Currently, the auction is at a critical inflection point at the top of this channel. The price has rallied to directly test the channel's ascending supply line after a strong run-up. This is a key area where sellers are expected to emerge and challenge the prevailing bullish momentum. My scenario for the development of events is a short-term corrective move from these highs. I expect that sellers will defend the supply line and reject the price, initiating a downward rotation back towards the channel's support. A failure to break out higher would confirm a temporary correction is underway. The take-profit is therefore set at 3800, targeting the major demand zone. Manage your risk.
FOREXCOM:XAUUSDShort
by heniitrading
7
Bitcoin can Bounce from Support and Start to GrowHello traders, I want share with you my opinion about Bitcoin. The price structure has been defined by a complex and volatile consolidation following a prior downtrend. After initially forming a downward wedge, the price action has seen multiple breakouts and reversals, testing both the major 108800 buyer zone and the 118000 seller zone. This prolonged period of indecision has established a solid support base at the 108800 support level. Currently, after a recent sharp drop was absorbed by this support, the price of BTC has started to show signs of a renewed bullish attempt, moving up from the lows. In my mind, this successful test of the major support is the most critical recent event. I expect that the price will first make a final small dip to re-test this 108800 support level to confirm buyer strength. I think a confirmed bounce from this area will lead to a significant rally, as sellers appear to be exhausted. Therefore, I have placed my TP at 114000, targeting a key area of prior price congestion located near the resistance line of the larger wedge structure. 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
18
EURUSD: Price May Continue To Fall Inside WedgeHello everyone, here is my breakdown of the current Euro setup. Market Analysis From a broader perspective, the price of EURUSD has shifted into a bearish phase after a prior Upward Channel failed and broke down. This reversal led to the formation of the current Downward Wedge, a pattern that has been guiding the price lower through a series of lower highs and lower lows. Currently, the price is at a critical decision point. After bouncing from the lower part of the wedge, it has rallied correctly and is now directly testing the descending resistance line of the formation. This is a key area where sellers have repeatedly shown strength in the past. My Scenario & Strategy My scenario is based on the expectation that this Downward Wedge is a continuation pattern and the dominant downtrend will resume. I'm looking for the price to be rejected from the wedge's resistance line. A confirmed failure to break higher would be the key signal that the next impulsive move down is about to begin. Therefore, the strategy is to watch for this rejection. A confirmed reversal would validate the short scenario. The primary target for this move is the 1.1615 Support, which aligns with the major Support zone. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Short
by Ratner
1
EURUSD: Rally from Wedge Support to 1.1880Hello everyone, here is my breakdown of the current Euro setup. Market Analysis A prior uptrend failed, leading to a sharp drop down to the major Support zone 2 around the 1.1450 level. However, strong buying pressure emerged from that low, initiating a powerful reversal and establishing the current market structure. This new bullish phase has formed a well-defined Upward Wedge. The price successfully broke through Support 1 and tested the wedge's resistance. Currently, it's in a healthy corrective pullback and is testing the ascending support line of this wedge, which is a key area to watch. My Scenario & Strategy I'm looking for the price to complete its correction and find a solid floor on the ascending support line. A confirmed bounce from this dynamic support would be the key signal that the next impulsive move up is about to begin. Therefore, the strategy is to watch for this bounce. A successful rebound would validate the long scenario. The primary target for the next wave higher is 1.1880, which would represent a new structural high within the Upward Wedge. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Long
by Ratner
10
XAUUSD Long: Bullish Momentum to ContinueHello, traders! The price auction for XAUUSD has been in a strong bullish phase, confirmed by the establishment of a well-defined ascending channel. This uptrend was initiated after a breakout from lower levels and has shown significant strength by pushing through multiple prior resistance areas, including the 3470 DEMAND 2 and 3675 DEMAND levels, turning them into new support. Currently, the price action is continuing its ascent within the upper portion of this ascending channel, indicating that the bullish initiative remains firmly in control. The market is in a clear expansion phase, with very little sign of significant selling pressure, suggesting that any pullbacks are likely to be minor and short-lived. My scenario for the development of events is a direct continuation of the current bullish momentum. I believe that the price will only make a shallow correction from the current levels before the next impulsive wave higher begins. In my opinion, the underlying trend is strong enough to carry the price to a new high within the channel. The take-profit is therefore set at 3835 points, targeting the upper resistance line of the channel. Manage your risk.
FOREXCOM:XAUUSDLong
by heniitrading
16
Euro will Fall Towards the 1.1575 Support LevelHello traders, I want share with you my opinion about Euro. The market for the Euro has recently shown a significant sign of weakness, with a failed breakout above the key 1.1770 Resistance Level. After a sustained rally within an upward channel, the price of EURUSD pushed into the 1.1770 - 1.1790 seller zone but failed to find acceptance, quickly reversing back below the broken levels. This 'bull trap' has invalidated the immediate bullish momentum and shifted the short-term market structure to a bearish bias. Currently, after the initial sharp decline from the highs, the asset is in a minor corrective bounce. In my mind, this price action represents a low-momentum pause before the next wave of selling. I expect that this small upward movement will soon be exhausted, and the price will continue its bearish movement downwards. A failure to produce a strong rally from these levels confirms that sellers have regained control. Therefore, I have placed my TP for this trend-continuation scenario at the major 1.1575 support level. This target is a logical objective, as it represents the next significant area of historical support and aligns with the 1.1575 - 1.1548 buyer zone. 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.
Short
by LegionQ8
14
Gold can Resume its Uptrend After This CorrectionHello traders, I want share with you my opinion about Gold. The market context for Gold has been firmly bullish since the price action reversed from the deep 3335 - 3355 buyer zone, a move which established the current, well-defined upward channel. This bullish structure has since been guiding the price of XAU higher through a series of impulsive moves and corrective pullbacks, confirming that buyers are in control of the dominant trend. Currently, after testing the upper boundary of the channel, the asset is undergoing a healthy correction. This pullback is now guiding the price towards a critical confluence of support, where the ascending support line of the channel meets the horizontal support zone around the 3675 current support level. In my mind, this pullback is a classic trend-continuation opportunity. I expect that the price will find strong support in this area and bounce from the channel's support line. I think this rebound will signal the end of the correction and the resumption of the primary upward trend. Therefore, I have placed my TP at 3820, a target representing a new structural high and a logical objective for the next impulsive wave. 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:XAUUSDLong
by LegionQ8
13
BTCUSD Short: Fading the Rally in a Bear ChannelHello, traders! The price auction for BTCUSD has been in a clear bearish phase since its rejection from the SUPPLY ZONE 2 near 115200. This has established a well-defined descending channel that has been guiding the price lower through a series of impulsive declines and corrective rallies, confirming that sellers have the initiative. Currently, after testing the lower support line of the channel, the price is in the midst of a corrective bounce. This upward move is carrying the auction towards the upper boundary of the channel, which represents a major area of dynamic resistance. My scenario for the development of events is that this corrective rally will fail upon testing the channel's resistance line, which aligns with the SUPPLY ZONE around the 111000 level. I expect this area to hold as strong resistance, causing a rejection and a continuation of the primary downtrend. The take-profit is therefore set at 107000, targeting a new lower low within the channel. Manage your risk!
BINANCE:BTCUSDShort
by heniitrading
12
EURUSD Long: Reversal from Wedge Support ExpectedHello, traders! The prior market structure for EURUSD was a bullish ascending channel, which concluded with a pivot point high at the SUPPLY 2 level of 1.1835. A subsequent breakdown from that channel shifted the market's momentum, initiating a corrective phase that has since taken the form of a downward wedge, guiding the price lower. Currently, the price auction has completed another leg down within this wedge and is now at a critical inflection point. The price is directly testing the descending support line of the formation, a key area where a bullish reversal could originate. This represents a major test of the prevailing bearish momentum. My scenario for the development of events is a bullish reversal from the support of this downward wedge. I expect the price to find strong support at the current demand line and initiate a new rally. In my opinion, this move will be strong enough to break through the immediate SUPPLY at 1.1690 and continue towards the upper resistance line of the wedge. The take-profit is therefore set at 1.1755, targeting that upper boundary. Manage your risk!
Long
by heniitrading
6
Bitcoin can Continue to Decline to Support LevelHello traders, I want share with you my opinion about Bitcoin. The market structure for Bitcoin has recently shifted to a bearish bias following a significant breakdown from its prior upward channel. After a complex consolidation within a triangle, the price of BTC made a final push to the highs near the 115600 seller zone before being strongly rejected, which led to the failure of the channel's support. This structural break initiated a new bearish phase, causing a sharp decline to a recent low of 111600. Currently, the asset is in a small consolidation, attempting a minor corrective bounce after the significant fall. In my mind, this consolidation is simply a pause before the next wave of selling pressure resumes. I expect that this small upward movement will soon be exhausted and that the price will continue its bearish movement downwards. A failure to produce a strong rally from these levels confirms that sellers remain in control of the market. Therefore, I have placed my TP for this trend-continuation scenario at the major 110000 support level. This target is a logical objective, as it represents the next significant area of historical support and aligns with the 110000 - 109500 buyer zone. 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:BTCUSDShort
by LegionQ8
12
MARKET UPDATE BTC/USDT 25/09/2025📊BTC/USDT Update On the low time frame, BTC has broken down and failed to reclaim the 113,223 – 114,019 zone. This breakdown signals loss of the cycle structure, confirming that the previous bullish cycle has ended. Key levels: 113,223 – 114,019 → resistance zone. As long as BTC remains below this, the structure stays bearish. 111,900 → current trading area, under pressure. Upside scenario: BTC would need to reclaim 113,223 first, and then confirm above 114,019, to even consider restarting an uptrend cycle. Without that, upside potential remains very limited. Downside risk: Staying below 113,223 keeps BTC in breakdown mode, with increased probability of further decline toward 110,000 – 108,000. 📌 Summary BTC lost the cycle support → bearish confirmation. Reclaim above 114,019 is required to regain bullish momentum. As long as BTC trades below 113,223, the bias remains bearish with downside risk.
Short
by SatochiTrader
Altcoin Market Correction Underway – Final wave is coming!The total crypto market cap excluding BTC has likely completed Wave 3. At the end of Wave 3, a small bearish double top appeared, and the RSI confirmed weakness with a bearish divergence. During Wave 1, the RSI crossed 80. During Wave 3 going up, the RSI crossed 80 again and reached 86, which indicated that the uptrend would continue. However, at the peak of Wave 3, the divergence suggests exhaustion. On the Fibonacci speed resistance band, drawn from the end of Wave 2, the price already broke below the 0.618 level. At the same time, BTC dominance broke its downtrend line and increased by more than 1 percent and breaking 0.618 fib resistance, showing capital rotation back to Bitcoin. All these signals point to the start of Correction wave, the nearest strong support is the 1.42-1.43 trillion (speculative to reach those levels) bulls could push higher before reaching those, BTC correction wave is still ongoing aswell
CRYPTOCAP:TOTAL2Short
by TradingProfile001
UDS - Correction Inside an Uptrend: Eyes on 1.45–1.35UDS remains overall bullish on the 4H , riding a rising channel. After the impulse, price is drifting in a falling channel and inching toward the lower blue trendline. The 1.45–1.35 area is key 🔑. It lines up with channel support and a prior structure base—clean confluence for buyers to step in. As long as it holds, I’ll look for trend-following longs toward 1.80 first, then 2.00–2.20 on momentum 🚀. If 1.35 breaks and holds, I’ll step aside and reassess a deeper pullback toward 1.25 before looking for fresh confirmation ⏳. What’s your move here => buy the dip at confluence or wait for a break of the red channel before joining? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
4