Longsetup
continue to increase in price, towards old ATH💎 BTC WEEKLY PLAN UPDATE (11/08)
1. Overall Trend:
BTC has completed a 5-wave Elliott impulse and is currently in a corrective phase after wave (5).
The main trend remains bullish, as the wave structure has not broken and price is still above key EMA lines.
2. Fibonacci Levels:
The current correction may retrace to the following Fibonacci support levels:
• 0.382 Fibo: ~118,800 USD (aligns with strong support)
• 0.5 Fibo: ~117,800 USD (close to EMA and trendline)
These are potential price zones where the market may rebound.
3. Support & Resistance Zones:
• Near-term Support: 118,000 – 117,500 USD (combination of Fibo + EMA + broken trendline).
• Near-term Resistance: 120,000 USD (previous high).
• Next Resistance: 122,000 – 123,000 USD (Fibo extension target 2.618).
4. Main Scenario:
BTC retraces to 118K – 117.5K → rebounds → breaks 120K → moves towards 122K – 123K.
5. Trading Notes:
• Prioritize entries when price reacts well at 118K – 117.5K support zone.
• Stop loss if H4 closes below 117K.
• Stay patient, as corrections are normal before the next upward move.
Gold price accumulates above 3340⭐️GOLDEN INFORMATION:
Gold (XAU/USD) eased toward $3,390 in early Asian trading on Monday, as a modest rebound in the U.S. Dollar weighed on the precious metal ahead of Tuesday’s U.S. inflation report.
A firmer Greenback, coupled with a broader risk-on mood, kept prices capped below the key $3,400 psychological level. However, growing expectations for a Federal Reserve rate cut in September continue to offer underlying support for the non-yielding asset.
On Saturday, Fed Governor Michelle Bowman noted that recent soft employment data reinforced her concerns about labor market fragility and bolstered her view that three rate cuts could be appropriate in 2025. Markets are now pricing in an 89% probability of a September rate cut, with at least two reductions expected by year-end.
⭐️Personal comments NOVA:
At the beginning of the week, gold price slightly decreased below 3380. It is still mainly accumulating, waiting for an increase reaction to return to 3400 and move sideways.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3428- 3430 SL 3435
TP1: $3418
TP2: $3408
TP3: $3392
🔥BUY GOLD zone: $3336-$3338 SL $3331
TP1: $3345
TP2: $3357
TP3: $3370
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Melania / USDT : Buy every dipMELANIA/USDT has successfully broken above the descending trendline, confirming the breakout. This shift suggests a bullish move, with the price now aiming towards the next target at $0.40 . The breakout indicates a change in market sentiment, and if the price continues to hold above this level, we could see further upward movement. Ensure proper risk management as the trend develops.
ETHFI/USDT Chart Analysis - Bullish Breakout Potential
Looking at the ETHFI /USDT chart, we’re seeing a potential bullish breakout forming. After a strong downtrend, price has recently broken the resistance trendline, indicating a possible upward movement. A target of $1.60 (approx. 24% upside) is in sight if the price holds above the trendline.
Key Points:
Breakout above resistance: A strong push above the trendline could signal further upside.
Target Level: $1.60 (24.26% increase).
Momentum: ETH has been showing strength, so keep an eye on confirmation for entry points.
As always, manage your risk and consider the broader market conditions before entering.
Bitcoin CME Closing Price: The Key to Next Week’s TrendIn this video I cover the CME closing price and go through a plan which includes a gap to the upside and a short squeeze before gravitating to the downside for lower targets .
I also give a bias for higher prices if the VAH is claimed .
This idea is modelled on the daily time frame and can play out over the course of the following week or more .
I also look at the Eth/Btc pair and the Btc dominance chart and marry whats happening on those charts with this idea .
When looking at BTC I use order flow software to further support my bias and the confluences I present in the chart.
If you have any questions then leave them below .
Support my work with a boost and Safe trading
Bear trap 2 is the strongest 〉170k Next.An update from my latest BTC projection to 140K.
Seeing the current market structure and price action, I can start visualizing potential extensions above 140K, reaching 165-170K.
As illustrated, some key price action behavior that has occurred that supports the idea of a further bull run.
An initial bear trap following by a second one creating even more liquidity which the market will likely target faster and stronger as people go against the trend.
Fundamentals keep adding fuel to BTC...
US opening up more and more at an institutional level, adding BTC to citizen's 401k's;
El Salvador is very likely to be the first country in the world to open a BTC ONLY BANK.. offering private financial services nominated ONLY in BTC;
And the list goes on...
-
Of course, one can't fall in love with the idea and must adapt in case price action shows otherwise... the possibility for a correction to 60K is open, although more and more unlikely as price nears ATH and respects bullish structure.
...
GOOD LUCK
persaxu.
Gold price continues to increase above 3400, next week✍️ NOVA hello everyone, Let's comment on gold price next week from 08/11/2025 - 08/15/2025
⭐️GOLDEN INFORMATION:
Spot gold held steady on Friday, while futures surged to a record high of $3,534 following reports that the United States will impose tariffs on imported gold bars. Traders also continued to digest recent U.S. economic data as they looked ahead to next week’s key inflation release. XAU/USD last traded near $3,397, little changed on the day.
Overnight, the price spread between New York COMEX futures and spot prices widened by more than $100, Reuters reported, after the Financial Times revealed that the U.S. had levied tariffs on one-kilo gold bars, citing a letter from U.S. Customs & Border Protection.
⭐️Personal comments NOVA:
Gold price accumulates around 3400, buying power remains good as interest rate cut expectations approach
🔥 Technically:
Based on the resistance and support areas of the gold price according to the H4 frame, NOVA identifies the important key areas as follows:
Resistance: $3418, $3437, $3500
Support: $3344, $3310
🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
BTC recovers, trying to get back to 120k💎 WEEKEND BTC PLAN UPDATE (08/08)
🔍 BTC Analysis (H4 timeframe):
1. Elliott Wave Structure:
• BTC is following an impulsive wave sequence 1–2–3–4–5.
• Currently in wave (4) and may bounce to complete wave (5) around the ~119,000–120,000 zone.
2. Key Support Levels:
• 116,000–116,200: Support area for wave (4) – can look for buying opportunities here if confirmation signals appear.
• Below that, strong support lies around 115,200–115,600 (confluence of 0.5–0.618 Fibonacci retracement + MA200).
3. Resistance Levels:
• Previous high around 117,500 (Fibo 1.0) is the nearest resistance.
• Wave (5) target: 119,400–120,000 (Fibo 1.618).
4. Trading Plan:
• Buy at 116,000–116,200, SL below 115,600.
• Expected TP: 117,500 – 119,400.”
Bulls maintain weekend above 3400⭐️GOLDEN INFORMATION:
Gold (XAU/USD) eased back from a more than two-week high near $3,409–3,410 during Friday’s Asian session, as traders booked profits ahead of the weekend. A broadly positive tone in equity markets, coupled with a modest rebound in the U.S. Dollar, added to the downward pressure on bullion. Even so, several factors continue to underpin the metal, urging caution for aggressive bearish positioning.
Lingering trade-related uncertainty—intensified by President Donald Trump’s latest tariff threats this week—has helped maintain gold’s safe-haven appeal. At the same time, growing expectations that the Federal Reserve will resume its rate-cut cycle in September are likely to cap any sustained dollar strength, encouraging dip-buying interest around the $3,380 level.
⭐️Personal comments NOVA:
Tariff tensions, along with a very positive market about the possibility of interest rate cuts, helped gold prices return above the 3400 zone.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3428- 3430 SL 3435
TP1: $3418
TP2: $3408
TP3: $3392
🔥BUY GOLD zone: $3373-$3371 SL $3366
TP1: $3382
TP2: $3395
TP3: $3410
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
Gold on the Rise: A Breakthrough Forecast That's Hard to Stop!XAUUSD is trading within an ascending channel, recently bouncing off the support zone around 3,360 USD and heading towards higher levels. The price structure maintains higher highs and higher lows, indicating that the bullish trend is likely to continue.
Weak U.S. employment data and a rise in unemployment claims have fueled expectations that the Fed will cut interest rates in September, weakening the USD and making gold more attractive. Analysts predict that gold could reach higher levels due to concerns over slow growth in the U.S. and the weakening of the USD. Additionally, trading volumes for gold have surged, indicating strong investor interest. Geopolitical tensions are also increasing gold's appeal as a safe-haven asset.
Gold is currently testing resistance around 3,400–3,425 USD, and if it breaks through, the bullish trend could continue towards 3,500 USD.
Gold price maintains upward trend to 3400⭐️GOLDEN INFORMATION:
Gold (XAU/USD) edged lower during the North American session, pressured by rising U.S. Treasury yields, profit-taking, and reports that President Donald Trump may announce a replacement for Fed Governor Adriana Kugler later this year. The precious metal is trading around $3,372, down 0.23%.
After a three-day rally, bullion struggled to gain further traction as investors locked in profits. This came despite Trump signing an executive order imposing a 25% tariff on India in response to its continued imports of Russian oil. The new duties—set to take effect 21 days after August 7—will raise tariffs on select Indian exports to as much as 50%.
⭐️Personal comments NOVA:
Gold prices continue to increase, heading towards 3400. The context of trade tensions heats up again, along with increasing expectations of interest rate cuts.
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3429- 3431 SL 3436
TP1: $3418
TP2: $3408
TP3: $3392
🔥BUY GOLD zone: $3332-$3330 SL $3325
TP1: $3342
TP2: $3355
TP3: $3368
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
BTCUSDT: The Fuse is Lit | Wedge breakout LoadingThis chart is screaming breakout.
BTC has been coiling inside this falling wedge for weeks and every dip into the demand zone near 110K–112K has been aggressively defended (check those green arrows). Now? Price is pressing hard against wedge resistance right at the top.
This is compression before expansion.
⚡What I'm Watching:
Bullish structure forming: higher lows ✔️
Price reclaiming key levels ✔️
Major breakout zone at 115,800–116,000 coming into play
Break and retest = rocket fuel to 122K and beyond
🎯 My Bullish Targets:
TP1: 122,000 (magnet level)
TP2: 128,328 (next HTF target)
🚨 Invalidation:
A clean break below 112K? I step aside. Until then bullish bias stays on.
OM / USDT : Breaking out from Trendline resistanceOMUSDT has broken above a descending trendline on the 4H timeframe after multiple rejections in recent weeks. This breakout could signal a shift in momentum from bearish to bullish.
If price holds above the breakout level around 0.262, the next potential target lies near 0.31, representing an estimated 19% upside from current levels.
Key points:
Timeframe: 4H
Setup: Descending trendline breakout
Breakout level: ~0.262
Target: ~0.31 (+19%)
Stop loss: Below breakout level to manage risk
As always, wait for confirmation and manage risk appropriately before entering a trade.
Gold Continues to Rise, Breaking ResistanceWeak US jobs data has increased expectations that the Fed will cut interest rates, weakening the USD and bond yields, making gold an attractive safe-haven asset. Gold has reached 3,371 USD, with US gold futures at 3,425 USD. Gold is currently facing resistance at 3,450 USD, and if broken, it could continue towards 3,500 USD.
The XAUUSD chart is moving within a clear uptrend channel with higher highs and higher lows. Gold has surpassed key support levels, including the Fair Value Gap (FVG), indicating strong buying momentum. The market is now testing the 3,450 USD resistance. If broken, the next target will be 3,500 USD.
Strategy:
Buy: If price breaks above 3,450 USD, aim for 3,500 USD.
Stop Loss: Place below 3,320 USD to manage risk.
BTC continues to accumulate, waiting for breakout to go up💎 MID-WEEK BTC PLAN UPDATE (06/08)
Brief BTC Analysis – 4H Timeframe:
• Main Trend: Price is consolidating within a descending channel (green diagonal lines).
• Support: The 112,500–113,000 zone has been tested twice and bounced (green arrows).
• Resistance: The 114,800–115,200 zone (purple area) – this is the key level that will determine the next trend.
⸻
Two main scenarios:
🔺 Bullish Scenario (Preferred):
• Price breaks above the 115,200 resistance zone → confirms a breakout from the descending channel.
• Next targets: 116,500 → 119,000.
🔻 Bearish Scenario:
• Price gets rejected at around 115,000 and breaks below the 113,000 support → likely to revisit 110,000.
📌 Key Signals to Watch:
• A clear breakout above 115,200 with volume is a strong buy signal.
• If the price fails to break this zone, consider selling once there is a clear bearish reaction.
XAUUSD: Lining Up for a Long from Daily Support and FVG ZoneGold is setting up nicely for a possible long.
Price already swept the Previous Week Low ( PWL ) and followed it with a clear break of structure to the upside. That move flipped short-term momentum and opened the door for a bullish continuation.
Right now, price is retracing into a fair value gap (FVG) and imbalance zone sitting right above a daily support. That level isn’t just any zone, it’s a former daily resistance now acting as support, and it aligns perfectly with the 50% and 61.8% fib retracement . Solid confluence across the board.
If price taps into that zone and shows bullish intent: wick rejection, strong engulfing candle, or a shift on the lower timeframe , I’ll look to enter long. The main target will be the Previous Week High (PWH), where a nice chunk of liquidity is resting.
No need to rush. Let price come into the zone and do its thing.
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Trade Idea
Looking to go long if we get confirmation in the imbalance zone
First target is the liquidity above the most recent high
Setup becomes invalid if price breaks below the FVG base
Continue to return above 3400, gold price increases⭐️GOLDEN INFORMATION:
Gold (XAU/USD) slipped slightly during Wednesday’s Asian session, pulling back from a nearly two-week high near $3,390 reached the day before, effectively ending a four-day winning streak. The precious metal came under pressure as Asian equities advanced, tracking a solid rebound in U.S. equity futures—dampening demand for safe-haven assets.
Additionally, a mild uptick in the U.S. Dollar further weighed on gold. However, the downside appears limited, as broader market caution continues to support the metal’s underlying appeal.
⭐️Personal comments NOVA:
Maintain the upward momentum, the same scenario as the beginning of this week. Adjust down in Asian and European sessions and continue to increase in US session. Aim for 3400
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: 3428- 3430 SL 3435
TP1: $3418
TP2: $3408
TP3: $3392
🔥BUY GOLD zone: $3331-$3329 SL $3324
TP1: $3340
TP2: $3352
TP3: $3365
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
MAGIC / USDT : Bullish breakout alert
MAGIC/USDT has recently broken its descending trendline, signaling potential for a 35 - 50% upside move in the coming weeks. This breakout could lead to significant growth if the bullish momentum continues!
Key Point: A solid retest above the breakout zone will confirm the uptrend, targeting a potential rise of up to 0.25. Stay alert!
XAUUSD breaks out – bullish bias returnsGold has bounced from the bottom of the descending channel, initiating a clear upward move with a series of strong bullish candles. On the H2 chart, price has broken above the upper boundary of the medium-term downtrend channel and filled the nearest fair value gap, signaling a resurgence in buying pressure.
Current price action is approaching a previous resistance zone, aligned with recent swing highs. The chart suggests a potential consolidation before further upside, provided that the current bullish structure remains intact.
From a macro perspective, while the stronger-than-expected U.S. PMI data supports the USD in the short term, weak labor market figures and ongoing global geopolitical tensions continue to fuel demand for gold as a safe-haven asset. This environment is helping sustain XAUUSD’s current recovery structure.
BTC accumulates, slightly adjusts down💎 BTC PLAN UPDATE – START OF THE WEEK (04/08)
🔍 1. Current Technical Structure
Price Pattern: The chart shows BTC is forming a falling wedge pattern, with converging support and resistance lines.
False Break: There was a false break below the strong support zone around ~112,000, followed by a sharp rebound. This indicates buyers are actively defending this level, showing potential buying pressure.
Fibonacci Retracement: From the recent low to high, the 0.5 (115,559) and 0.618 (116,361) Fibonacci levels are acting as key resistance zones.
Key Price Levels:
• Strong support: 111,800 – 112,300
• Near resistance: 115,500 – 116,500
• Next resistance: downtrend line and previous high around 118,000 – 119,000
🔄 2. Possible Trend Scenarios
✅ Main scenario (bullish):
BTC made a false break below the wedge → rebounded toward Fibonacci resistance → potential:
• Continue rising to the 115,500 – 116,500 zone
• If it breaks and holds above this zone, BTC could break out of the wedge pattern and target 118,000 – 120,000
• A longer-term target could be the 1.618 Fibonacci Extension around ~123,159
❌ Alternative scenario (bearish):
If BTC fails to break above 116,000 and gets rejected:
• It may retest the 112,000 support zone again
• A breakdown below this support would bring back the downtrend
🔄 3. Bullish Supporting Factors:
• The false break signals a shakeout of weak sellers.
• A potential inverse head-and-shoulders pattern is forming, supporting a bullish reversal.
• Moving Averages (MA): Price is nearing the 200 MA (red) – a possible bullish crossover with shorter-term MAs may occur, signaling a buy.
🧭 Suggested Trading Strategy
• Safe buy zone: Around 113,500 – 114,000 if there’s a pullback.
• Take profit in stages: 116,500 – 118,000 – 120,000
• Stop-loss: Below 112,000 in case of a confirmed breakdown