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Gold continuation underway?On a 4 hour time frame, looking like we potentially completed a reacc model. Price potentially continuing to retest and blow through highs. Will be looking for entries on day trades in the green highlighted area if we start to squeeze. Ultimate target will be the 1.61 fib of the range. (I use fibs as targets when we are running blue skies. I will want to see us riding the 10EMA on the hour, entries will be made on the 1 min on flag breakouts while above and riding the 10EMA on the 1 min.
COMEX:GC1!Long
by ItsMayo
3
Bitcoin at Critical Resistance — Bull Trap!?Over the past couple of hours, Bitcoin ( BINANCE:BTCUSDT ) has surprised many traders—including myself—with its sharp movements. The potential reason behind this could be an anticipated interest rate cut tomorrow. However, the recent JOLTS Job Openings did not fully align with that expectation. With our technical analysis tools, we can delve deeper into Bitcoin’s next moves. The key question is whether Bitcoin will maintain its recent bullish momentum or if a reversal is imminent. It’s important to note that in the next 24 to 48 hours, we may see increased volatility in the financial markets, particularly in crypto. Therefore, it’s wise to practice good risk management—or even consider staying on the sidelines until the market settles. At the moment, Bitcoin has managed to break through resistance lines, but the volume of this breakout hasn’t been particularly high. Bitcoin is also near a resistance zone($94,850-$93,000), monthly pivot points, and significant levels of Cumulative Short Liquidation Leverage($98,260-$94,600), all of which add to the complexity. High sell orders: $96,000-$94,800 From a classical technical standpoint, there’s potential for a bearish flag pattern forming. As long as Bitcoin remains below $100,000, this scenario remains plausible. From an Elliott Wave perspective, it seems that the main Wave B has completed, and we’re likely looking at a ZigZag correction(ABC/5-3-5). This correction might complete either at the resistance zone($94,850-$93,000) or near the daily 50_SMA(Daily). Considering that the S&P 500 index ( SP:SPX ) is also showing a bearish trend, it’s more likely that Bitcoin’s main corrective Wave C will complete within these resistance levels. Also, the USDT.D% ( CRYPTOCAP:USDT.D ) remains a crucial factor. Until it hits around 5.49%, the overall crypto market is likely to remain bearish. In conclusion, I expect that Bitcoin will continue its downward movement, potentially testing $89,000 and even dropping below $85,000. This could represent a significant bearish phase for Bitcoin. What are your thoughts? Do you think Bitcoin will maintain this bullish momentum, or are we headed for more downside? Cumulative Long Liquidation Leverage: $89,430-$88,750 Cumulative Long Liquidation Leverage: $83,900-$82,400 First Target: $90,300 Second Target: $87,503 Stop Loss(SL): $100,020(Worst) Points may shift as the market evolves 💡 Please respect each other's opinions and express agreement or disagreement politely. 📌Bitcoin Analysis (BTCUSDT), 4-hour time frame. 🛑 Always set a Stop Loss(SL) for every position you open. ✅ This is just my idea; I’d love to see your thoughts too! 🔥 If you find it helpful, please BOOST this post and share it with your friends.
Short
by pejman_zwin
39
AEVA Macro Setup: Textbook Bull Flag Breakout on Weekly ChartExecutive Summary: A High-Probability Continuation Play We are currently tracking a massive technical setup on Aeva Technologies (AEVA) . After a parabolic impulse move of over 1,400% earlier this year, the stock has spent the last few months in a healthy, controlled consolidation phase. The structure is now complete. The charts are signaling that the consolidation is over, and the next leg of the primary bullish trend is beginning. Below is a detailed technical and structural analysis of why AEVA presents one of the most attractive risk/reward ratios in the market right now. ________________________________________ 1. Market Structure: The "Bull Flag" Mechanics 🏳️ To understand where price is going, we must understand where it has been. The chart is forming a classic Bull Flag / Falling Wedge pattern on the Weekly Timeframe. Phase 1: The Impulse (The Pole): The initial rally from $2.50 to $35.60 was driven by institutional demand. This aggressive buying created a "change of character" in the stock, signaling a long-term trend reversal. Phase 2: The Consolidation (The Flag): For the past few months, price has drifted lower in a contained channel (marked by the yellow trendlines). Crucially, this sell-off was low volume . This indicates a lack of aggressive selling pressure. It was merely profit-taking by short-term traders, while long-term holders maintained their positions. Phase 3: The Breakout (Current State): Price is now breaking above the upper resistance of the wedge. This signals that the supply has dried up, and buyers are stepping back in to push prices higher. ________________________________________ 2. Multi-Timeframe Confirmation 📊 A breakout is only as good as the indicators backing it up. We have strong confluence here: A. Volume Analysis: Volume is the fuel of any move. Notice the volume profile: 1. High volume during the initial rally (Accumulation). 2. Declining volume during the pullback (No supply). 3. Surging volume on the current breakout candle. This sequence confirms that "Smart Money" is supporting the current move. B. Momentum (Weekly MACD): The MACD indicator on the weekly chart provides a powerful signal. The histogram is flipping bullish, and the signal lines are curling upward for a bullish crossover. Historically, weekly MACD crossovers on momentum stocks lead to multi-week or multi-month rallies. ________________________________________ 3. Strategic Targets & Trade Management 🎯 Given the volatility of AEVA, we are using structural resistance levels rather than purely theoretical projections. 🛑 Stop Loss (Invalidation): A weekly close back inside the wedge structure (below $14.00 - $14.50 ) would invalidate the breakout thesis. ✅ Target 1: The Test ($35.00 - $35.60) The first major objective is a retest of the previous cycle high. The stock must prove it can clear the supply zone where sellers stepped in last time. Reaching this level represents a potential ~100% gain from current prices. ✅ Target 2: Blue Sky Breakout ($45.00 - $50.00) If the stock clears $35.60 with volume, there is no overhead resistance. Using Fibonacci extensions, the next psychological targets sit at the $45 and $50 levels. ________________________________________ 4. The Fundamental Catalyst (LiDAR) Technical analysis tells us "when," but fundamentals tell us "why." The LiDAR and Autonomous Driving sector is waking up. As AEVA moves towards commercialization with major automotive partners, the market is pricing in future growth. The technical breakout is likely leading the fundamental news cycle. 💡 Conclusion This is not a random movement. It is a structured, textbook technical pattern supported by volume and momentum. For traders looking for asymmetric upside, AEVA offers a pristine setup. Disclaimer: This analysis is for educational purposes only. I am not a financial advisor. Please manage your risk and trade according to your own plan.
NASDAQ:AEVALong
by aviranos
Bitcoin - Sell this upcoming pump! New Bear Flag - Target 74k!I am currently bullish on Bitcoin in the short term, and I believe Bitcoin will hit 96k, probably this week. The current price is around 91k, so this is definitely a good opportunity to sell or open a short position at 96k on futures because later this month/in January Bitcoin will most likely continue in a downtrend and hit 74k! 74k (74,508) is a significant swing low from April 2024. There is no doubt that a lot of retail traders have their stop losses placed exactly below this swing low. This acts like a strong magnet for huge institutions, hedge funds, and big banks (market makers). It's no longer a secret that Bitcoin's development and Bitcoin's price are completely controlled by these lizards. But let's take a look at the short-term prediction. What we can see on the daily chart or on the 12h chart is a bear flag formation. This bear flag is so nice and almost textbook perfect! Inside the bear flag we have a WXY corrective pattern (3x ABC or 3x WXY). I think that this is a strong indication that the downtrend we see from the all-time high (126k) will likely continue in the next weeks. Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
by Xanrox
154
Alert: Bitcoin Price Charts Bear Flag Bitcoin follows the downward path posted earlier on the weekly chart (see related) The falling knife accelerated after price broke below $100k as it swiftly hit the 80k level and stopped there just ahead of the next viable support at $74k The price is now within a pink downtrend channel as RSI turned bearish below the 50 reading Every strong move is followed by corrective price action So the price bounced off the $80k and is now in a sideways consolidation This is how the Bear Flag pattern has formed (white lines) I think one more minor leg up is likely to complete the corrective structure Watch for a breakdown of the flag’s downside to target the distance of the flagpole below This aligns with both the downside of the descending channel and the $64k strong support As I checked, MicroStrategy’s (MSTR) BTC cost basis is around $66k Watch RSI as it should remain bearish below 50 to support the drop
Short
by aibek
USDJPYUSDJPY is bullish momentum while moving in a parallel channel. RSI divergence formed at 4H and 1H which pushes the price from fib lvl 0.382 back in the channel confirm the upward momentum. Flag pattern making is in progress. Holidays in US will impact the price and most probably it will go side ways after mid of Dec but rate cut is expected in coming week. Will see some upward momentum, as DXY has almost absorbed the expected rate cut and RSI divergence is playing at 4H
Long
by QutabBasheer
GBP/USD: Very Bullish PatternThe GBPUSD pair is currently trading in a long term bullish trend. Earlier this month, the market established a new higher high, subsequently initiating a corrective movement. A bullish flag pattern has formed, within which a minor bearish trend has been established. Yesterday, the pair began to appreciate, with buyers successfully violating the resistance level of the flag. This development may potentially instigate a trend-following movement. The next objective is 1.3385.
Long
by linofx1
AUDCHF: Bullish More After Breakout 🇦🇺🇨🇭 AUDCHF broke and closed above a key daily horizontal resistance. Retesting a broken structure, the price formed a bullish flag pattern. A breakout of its resistance line is a strong confirmation. It indicates a highly probable movement up to 0.5656 level. ❤️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.
Long
by VasilyTrader
1