THE BREAK OF NMR .. $30 - AI runingNMR has a high chance of breaking in the coming time
we will follow the trend step by step for confirmations.
Marketmaker
“XAUUSD – Strong Sell Setup from All-Time High Resistance “XAUUSD – Strong Sell Setup from All-Time High Resistance 🚨📉”
Currently, gold has reached a strong resistance zone around 3575 – 3600, where price is showing signs of exhaustion after a strong bullish rally. This area is a key supply zone and could trigger profit-taking or fresh short entries.
From here, I am expecting a potential correction move.
1st Target: Around 3480 – 3450, where we can see a clear demand zone and previous consolidation.
If bearish pressure continues, the price may extend towards the final target at 3330 – 3320, which is also a key support point aligned with previous market structure.
Market structure shows a clear higher low formation earlier, which fueled this rally, but after tapping into resistance, a short-term pullback seems highly likely.
📌 Overall, short-term bias = bearish correction, while long-term trend remains bullish unless price breaks below the 3320 support zone.
EURUSD Technical Analysis (Educational Breakdown) EURUSD Technical Analysis (Educational Breakdown)
1. Market Structure Overview
The chart shows a clear downtrend phase that started after failing to break the major resistance around 1.1780 – 1.1820.
Price formed lower highs and eventually broke below a rising trendline, signaling a shift from bullish momentum to bearish control.
Recent movement shows a retracement toward a defined entry zone, suggesting a short-term pullback opportunity.
2. Key Levels
Resistance Zone (1.1780 – 1.1820): This area has acted as a strong supply zone in the past, rejecting bullish attempts and triggering heavy sell-offs.
Support Zone (1.1340 – 1.1380): A key demand area where previous reversals took place.
Current Entry Zone: Between 1.1697 – 1.1750, aligning with a minor resistance zone and previous supply reaction.
3. Price Action Insights
Fair Value Gap (FVG) identified earlier near 1.1700 served as a reaction zone before a push downward.
The price is now revisiting an area near the previous imbalance, which aligns with a confluence of resistance and short-term overbought conditions.
If price action rejects the entry zone, a bearish swing toward 1.1534 is likely.
4. Trade Setup Idea (Short Bias)
Entry: 1.1697 – 1.1750 (retest of broken structure).
Stop Loss: Above 1.1772 to avoid stop hunts beyond resistance.
Target: First take profit at 1.1534; extended target toward 1.1400 if bearish momentum persists.
5. Risk Management & Educational Note
This setup is based on supply & demand principles plus market structure shifts.
Always confirm entries with lower-timeframe rejection patterns before executing.
Protect capital with a maximum of 1–2% risk per trade and adjust lot sizes accordingly.
📌 Summary:
EURUSD is currently testing a high-probability short zone after a structural breakdown. If rejection occurs, sellers could push price toward mid-range support at 1.1534, and potentially deeper toward the 1.1400 zone. However, if bulls manage to reclaim and close above 1.1780, this bearish view becomes invalid.
"Gold’s Next Big Move? The Hidden Entry Zone Smart Money "Gold’s Next Big Move? The Hidden Entry Zone Smart Money is Watching!"
Gold (XAUUSD) is currently consolidating after a series of higher lows, signaling sustained bullish momentum from the strong support region around $3,280–$3,300. Price has respected key structural points, forming a clean market structure with:
BOS (Break of Structure) confirming bullish intent after reclaiming prior resistance.
Bullish FVG (Fair Value Gap) acting as a liquidity zone for potential re-entries.
Multiple Higher Lows, highlighting strong buyer defense levels.
The chart indicates a possible short-term retracement into the $3,350–$3,357 entry zone, which aligns with demand structure. From this zone, buyers are expected to push toward the $3,400–$3,415 resistance target.
Key technical levels:
Entry Zone: $3,350–$3,357 (demand area)
Stop Loss: Below $3,340 to protect against deeper pullbacks
Take Profit: $3,400 psychological level and $3,414 structural resistance
Market Sentiment:
The combination of a strong support base, sustained higher lows, and bullish imbalance zones suggests a favorable risk–reward setup for long positions. A clean breakout above $3,415 could trigger a larger bullish leg toward the $3,440 resistance zone.
📈 Bias: Bullish above $3,350
💡 Watch for a reaction at the entry zone before committing to positions.
Gold on the Verge of a Big Move – Key Level in Focus!Gold on the Verge of a Big Move – Key Level in Focus!
Market Structure:
BOS (Break of Structure) signals have confirmed bullish momentum in prior swings.
Price created a Bullish FVG (Fair Value Gap) around mid-July, which provided demand for the next upward leg.
Consecutive Higher Lows indicate that buyers remain in control.
Key Levels:
Strong Support: $3,260 – A major demand area where buyers have stepped in multiple times.
Resistance Zone: $3,420–$3,440 – This is a significant supply area where price faced rejection earlier.
BOL (Breakout Level) around $3,390 – Price recently tested and is attempting to break above.
Trade Setup Highlighted:
Entry Point: $3,397 (short bias suggested by chart structure at resistance)
Potential Target: $3,370 – aligns with minor liquidity grab and possible retest of broken structure.
Market Logic:
Price is currently testing a resistance level rejection zone.
The expectation in this setup is a short-term pullback to collect liquidity before a possible continuation.
If $3,370 holds, bulls may resume toward the higher resistance zone at $3,420+.
Educational Takeaway:
BOS indicates a shift in control (bearish BOS = sellers taking over; bullish BOS = buyers taking over).
FVG is a gap in price that often acts as a magnet for retracement.
Higher Lows are key signs of a bullish trend.
Support & Resistance act as decision zones where traders can anticipate reversals or breakouts.
📌 Summary:
XAUUSD is in a bullish structure but is currently testing a resistance rejection zone. A short-term retracement to $3,370 is probable before any continuation higher. Swing traders should watch price behavior at support for a potential long continuation setup.
UNH – Force Bottom with Bullish Divergence at Support(Weekly Chart) NYSE: UNH remains a fundamentally strong company, even though healthcare is not currently the market’s leading sector. On the weekly chart, price action shows a force bottom (double bottom with take-out stops pattern), flushing stop-losses below the previous low at $248.88.
Last week, price closed back above the $250 support with a bullish candle. Price action and stochastic show a bullish divergence, with stochastic oversold and starting a golden cross. Risk-reward looks very favorable from this level.
ETH/USD Analysis – Smart Money Breakdown ETH/USD Analysis – Smart Money Breakdown & Rejection from Premium Zone
🔍 Key Breakdown:
✅ BOS (Break of Structure): The initial BOS on July 15 signaled a strong bullish shift in market structure, triggering a sustained upside rally.
💪 Strong Bullish Rebound: After the BOS, ETH experienced impulsive buying, confirming institutional order flow and liquidity injection.
🔺 Resistance Zone (Premium Area): The price formed a clear TOP at the resistance (near $3,950–$4,000), a common zone where smart money distributes positions.
📉 Reaction from Resistance: As ETH tapped into the resistance, price sharply rejected — a potential mitigation move or distribution phase.
⚠️ Current Price Structure: After the correction, ETH is retracing back into the resistance zone. The projected arrow indicates a possible lower high formation, followed by a continuation to the support zone ($3,300–$3,400).
🧠 Educational Takeaways:
Structure Is King: Market structure (HHs, HLs, BOS) is the foundation of SMC-based trading.
Premium vs. Discount Zones: Smart money sells in premium (resistance) and buys in discount (support).
Liquidity Reversal: Tops often trap late buyers before a reversal — watch for liquidity grabs at key zones.
Wait for Confirmation: Always wait for confirmation (candlestick or structure shift) before entering trades.
🎯 Potential Scenarios:
✅ Bearish Case: ETH forms a lower high and drops to support (~$3,350).
❌ Invalidation: Clean breakout and hold above $4,000 could open doors for further bullish continuation.
Gold 15-Min Breakout: Eyes on M30 Supply Zone & FVG RetestPrice is currently approaching a key M30 Supply Zone after a strong bullish impulse from the ascending trendline support.
🔹 Key Observations:
The price broke above a previous short-term resistance zone and is now retesting the Fair Value Gap (FVG) area marked in pink.
The 200 EMA acted as dynamic support, further fueling bullish momentum.
Structure shows a series of higher lows, confirming buyers in control on intraday timeframes.
🔹 Potential Scenarios:
✅ Bullish Continuation:
If the price respects the FVG as demand and forms bullish confirmation, continuation toward the M30 Supply Zone and the 3,399–3,400 region is likely.
⚠️ Pullback Risk:
A deeper retracement below FVG could retest the trendline or the 3,371 support near the 200 EMA before any further upside.
🔹 Trade Plan:
Watching for price action reaction inside the FVG. A clean rejection could offer entries targeting the upper supply zone.
U.S. Dollar Index (DXY) !!U.S. Dollar Index (DXY)
Long-Term Channel Support Held
The chart shows DXY moving within a rising parallel channel since around 2008.
Recent price action bounced right from the lower trendline (~98 zone), indicating strong structural support.
Bearish Pressure
DXY dropped below 100, currently around 98.72, down 1.32% this month.
Trading below the 200-month EMA, which suggests weakening long-term strength.
Bearish candlesticks forming near the lower channel indicate an increased risk of a breakdown if support fails.
Ichimoku Cloud Signal
Price below the Kumo (cloud) = bearish territory.
Cloud turning thin ahead — signaling potential indecision or transition.
What This Means for Markets
If the DXY breaks below this channel, it could trigger a broader USD sell-off, potentially bullish for cryptocurrencies, gold, and emerging markets.
If support holds, expect a rebound toward the 104–106 zone, especially if macro sentiment favors the dollar.
Stay updated and manage your risk accordingly.
DYOR | NFA
"Gold on Fire! Smart Money Bulls Aiming for Final Target🟡 "Gold on Fire! Smart Money Bulls Aiming for Final Target
Overview:
The XAUUSD chart presents a clear smart money structure, showing a bullish recovery from a strong demand zone and a current move toward a significant supply (resistance) area.
🔍 Key Technical Highlights:
Strong Support Zone
The price reacted powerfully from the well-marked strong support zone (~3,260), aligned with a previous Bullish Fair Value Gap (FVG) and BOS (Break of Structure), confirming bullish intent.
Bullish Market Structure
A clean CHoCH (Change of Character) confirmed the end of the previous bearish leg.
Multiple BOS followed, solidifying the bullish shift in momentum.
Liquidity Grab & Price Expansion
Price swept equal lows (EQL) and mitigated bullish FVG, collecting sell-side liquidity before reversing.
The breakout pushed toward the current level of ~3,380, targeting the Buy-Side Liquidity zone and resistance.
Resistance & Fair Value Gap
The final target is aligned at 3,427.83, situated inside a high-probability bearish FVG and resistance zone.
This area previously rejected price (noted with the red circle), making it a critical supply zone.
Partial Target Hit
Price has already achieved half of the projected move, indicating bullish strength and proper SMC execution.
The current consolidation near the mid-level suggests accumulation or re-accumulation before a final push toward the target.
📈 Educational Notes:
Fair Value Gaps (FVG) highlight inefficiencies in price delivery. These zones often act as magnets for price and reversal points, as seen here.
Break of Structure (BOS) and Change of Character (CHoCH) are crucial for identifying trend shifts. This chart reflects a textbook bullish transition.
Liquidity concepts (EQL, Buy-Side) emphasize institutional behavior. Price often hunts liquidity before moving to new highs or lows.
✅ Conclusion:
XAUUSD is playing out a well-structured bullish smart money setup, with price currently in mid-path toward the final target. Traders should monitor reactions at the 3,427 resistance zone, which will be critical for potential reversal or continuation scenarios.
Technical Breakdown (Smart Money Concepts-Based)📊 Technical Breakdown (Smart Money Concepts-Based):
🔹 Market Structure:
Multiple Break of Structure (BOS) signals show a bullish shift in momentum, especially after the recent CHoCH followed by BOS at the current price zone.
Strong bullish confirmation after reclaiming previous liquidity zones, indicating institutional interest.
🔹 Liquidity and Zones:
Buy-Side Liquidity above $3,420 is likely the short-term institutional target.
Price has clearly reacted from a strong support block near the $3,260–$3,280 area, confirming demand and institutional accumulation.
The highlighted Bullish FVG (Fair Value Gap) aligns with a mid-level retracement zone—ideal for potential pullbacks before continuation.
🔹 Key Supply & Demand:
Resistance Zone (3,420–3,450): Contains weak highs and unmitigated FVG—prime liquidity zone for a sweep.
Strong Demand Zone: Around $3,260 has shown repeated reaction; the base of bullish moves.
Imbalance Fill & Rejection Expected in FVG near $3,420.
🔮 Projection & Scenario:
Expected pullback toward $3,340–$3,350, followed by bullish continuation.
Targeting liquidity sweep at $3,420, aligned with Smart Money accumulation and distribution logic.
Monitor for reaction at $3,420 for either a rejection or a clean breakout, confirming further upside.
✅ Conclusion:
This setup suggests institutional buy-side pressure with targets on resting liquidity around $3,420. Smart Money is likely driving price toward that level to grab orders before the next big move.
DOGEUSDT Technical Analysis – Bullish Reversal Anticipated DOGEUSDT Technical Analysis – Bullish Reversal Anticipated
🔍 Key Technical Zones:
Support Zone: $0.1990 – $0.2015
Strong bullish reactions noted from this level in previous attempts.
Confluence with volume accumulation on the left (as seen in the Volume Profile).
Signifies a strong demand zone where buyers are stepping in.
Resistance Zone / Target: $0.2220 – $0.2240
Previous structural high and supply zone.
Marked as the first major liquidity area.
Also aligns with imbalance and CHoCH (Change of Character), a common SMC concept.
🔄 Market Structure:
CHoCH (Change of Character) marked multiple times, indicating attempts by bulls to reclaim structure.
Recent price action shows accumulation near support.
Sideways consolidation suggests potential for a bullish breakout.
Liquidity sweep of recent lows could indicate that smart money is accumulating positions before a move higher.
🎯 Trade Setup Idea:
Entry Area: Between $0.2000 – $0.2060 (inside the support zone)
Target: $0.22396 (as marked)
Stop Loss: Below $0.1980 (below the visible support range)
🔧 Indicators and Tools Used:
Volume Profile (VRVP): Shows most volume traded around $0.205 – $0.207, indicating strong positioning from market participants.
Smart Money Concepts (SMC): CHoCH and liquidity concepts signal potential accumulation and reversal.
Price Action Analysis: Clean swing structure with support-resistance rotation visible.
📌 Conclusion:
DOGEUSDT is currently trading in a range-bound structure with a bullish bias from the support zone. If the price sustains above $0.205 and breaks above minor resistance, the upside target of $0.22396 is likely. This setup is supported by strong volume accumulation and smart money structure shifts.
Bitcoin Retests Broken Trendline Minor Resistance in Focus!Bitcoin has recently taken support from the lower levels and moved upward, successfully breaking above a key trendline resistance. Currently, the market appears to be forming another minor trendline resistance on the short-term chart. Interestingly, the previous trendline that was broken is now acting as a support zone, indicating a potential shift in market structure.
If the price manages to break this newly developing minor trendline resistance, we may expect a possible retest of that level. Should the retest hold, it could provide a strong bullish signal, allowing Bitcoin to continue its upward movement toward higher liquidity zones or resistance levels.
LINK - The sleeping Giant ready to wake!Don't forget to add LINK to your watchlist — it's a solid project with long-term investment potential.
The weekly chart shows that LINK is currently retesting the downtrend line it recently broke — a textbook bullish retest.
The lower trendline now acts as a key support level, and as long as price holds above it, the structure remains healthy.
Currently trading around $17.6, the price hasn’t moved significantly yet —
You’ve got:
✅ A strong fundamental project
✅ A bullish technical setup
✅ Large market cap
✅ Still early entry
What more do you need to enter?
Accumulate now... and thank me later.
Best Regards:
Ceciliones🎯
Trendline Liquidity Taken Watching for MSS at Support in EUR/USDEUR/USD has taken liquidity above the previous trendline resistance during the New York session and is now declining. The pair is approaching a key support zone. If it reaches this level and shows a market structure shift (MSS) or any other bullish confirmation, there is potential for a reversal from this zone. In that case, price could move upward toward the marked bearish Fair Value Gap (FVG). Always conduct your own research (DYOR) before making any trading decisions.
EUR/USD Technical Analysis📈 EUR/USD Technical Analysis
🔍 1. Market Structure
⚙ Trend Context
• The overall trend since mid-July has been bullish, with higher highs and higher lows forming after a bounce from a key demand zone (around 1.15380).
• However, recent candles show indecision and a potential reversal, suggesting weakening momentum.
⸻
🧱 2. Volume Profile Insight (VRVP)
• High Volume Nodes (HVNs):
• Significant trading activity occurred between 1.172–1.176, now acting as resistance.
• Low Volume Gaps:
• Thin liquidity zones exist between 1.165–1.158, which could result in swift price movement if selling pressure increases.
📘 Educational Insight: Thin volume areas on a profile typically allow for faster price transitions due to lack of order density.
⸻
📊 3. Envelope Indicator – Nadaraya-Watson (8,3)
• A mean-reversion tool estimating dynamic overbought and oversold areas.
• Price recently rejected the upper boundary, reinforcing the bearish outlook.
• The lower envelope, around 1.158–1.160, aligns with the projected bearish target.
⸻
🟫 4. Demand Zone Analysis
• Labeled “DEMAND ZONE” at 1.15380–1.15830
• Previously caused a strong bullish reversal, marking it as an area of institutional interest.
• A re-test of this zone may attract buyers once again, presenting a key support area.
📘 Educational Insight: Demand zones reflect
XAUUSD Price Analysis — Support Zone Reaction & Potential XAUUSD Price Analysis — Support Zone Reaction & Potential Bullish Reversal
🔍 Market Structure Overview
The chart shows a clear bullish market structure characterized by multiple Breaks of Structure (BOS) and a strong upward trend that recently corrected into a key support zone around 3360–3340.
This correction phase may be coming to an end as price reaches a high-probability demand area, with bullish reaction forming at the support level.
🧠 Smart Money Concept (SMC) Breakdown
📌 Break of Structure (BOS) confirms institutional activity and directional bias.
🔄 After a strong uptrend and BOS on July 22–23, a healthy retracement has taken place toward a major demand zone.
The support level is aligning with past consolidation and previous BOS zones, providing confluence for a bullish bounce.
📊 Technical Confluence
✅ Volume Profile (VRVP) shows strong buyer activity at current levels.
✅ The price is reacting within the support box with a small bullish candle, indicating potential accumulation.
✅ A clean liquidity sweep may have occurred just below minor lows, shaking out weak hands before a move upward.
🎯 Forecast
If price holds above the 3360 level, and bullish confirmation continues (e.g., break above minor lower highs), we can expect:
Short-term target: 3400
Major target: 3440 (marked resistance zone)
⚠️ Invalidation: A clean break and close below 3340 may lead to deeper correction or change in structure.
📘 Educational Title Suggestion
"Smart Money Reaction at Demand: XAUUSD Poised for Reversal from Key Support"
XAUUSD Technical Analysis – Resistance Turned Support, 📈 XAUUSD Technical Analysis – Resistance Turned Support, Bullish Continuation Expected
Gold (XAUUSD) has shown strong bullish momentum after breaking above the key resistance zone around $3,400, which now appears to be acting as a new support level. This structure shift signals a classic break-and-retest scenario, commonly observed in bullish continuations.
🔍 Key Observations:
Structure Shift: Previous resistance near $3,400 has been broken with strong bullish candles, suggesting buyer dominance. This level is now expected to serve as support.
Bullish Momentum: The move from the $3,320 support zone to above $3,430 was accompanied by clear trend formation and clean market structure, indicating sustained momentum.
Retest in Progress: Price is currently pulling back toward the new support zone ($3,400). If this area holds, a bullish reaction is expected.
Next Target: If support at $3,400 holds as expected, price could rally back toward the next resistance and projected target of $3,460.
📚 Educational Insight:
This setup illustrates the principle of resistance becoming support (RBS)—a foundational concept in technical analysis. After a breakout, a successful retest of former resistance often provides a high-probability entry point for trend continuation trades.
"BTC/USD Breakout Strategy: Identifying Bullish Momentum BTC/USD Technical Analysis – July 22, 2025
📈 Market Structure Overview:
The chart illustrates a recent Break of Structure (BOS) both to the upside and downside, indicating volatility and a shift in market sentiment. The price action formed a descending channel, followed by a breakout with strong bullish candles, suggesting a momentum reversal.
🧱 Support Zone (Demand Area):
Key Level: $116,400 – $116,900
This zone has acted as a strong demand level, with clear evidence of buying pressure pushing BTC higher after testing this area. The volume profile (VRVP) supports this, showing heightened trading activity at this price.
🔄 Bullish Breakout Confirmation:
A bullish breakout from the descending channel occurred just above the support zone, aligning with the label "Bullish Momentum".
The breakout candle has closed above minor resistance, which increases the probability of a trend reversal.
📍 Price Target:
The projection points toward $120,000, aligning with previous resistance and psychological round-number resistance.
This target is highlighted by an expected bullish leg after a possible retest of the breakout zone around $117,500 – $117,800.
🧭 Key Levels to Watch:
Support: $116,400 – $116,900
Retest Zone (Buy Opportunity): $117,500 – $117,800
Immediate Resistance: $118,400
Major Resistance / Target: $120,000
📊 Summary:
BTC/USD has shown a bullish reversal signal from a well-respected support zone after a descending correction phase. The current price structure, volume buildup, and breakout momentum suggest a high probability of continued upside movement toward the $120,000 mark. A successful retest of the breakout zone would provide a strategic entry for long positions with tight risk management.
#NIFTY Intraday Support and Resistance Levels - 25/06/2025Nifty is expected to open with a gap-up near the 25,250 level, signaling early bullish strength. If the index sustains above the 25,250–25,300 zone after opening, we could see a continuation of the upward momentum toward the next resistance levels at 25,350, 25,400, and possibly 25,450+. However, if it fails to hold above 25,250 and slips back into the 25,100–25,050 zone, there could be selling pressure. A break below 25,050 may drag Nifty further down to 24,950. If 24,950 breaks, then a short trade could trigger, with targets at 24,850, 24,800, and 24,750. The key levels to watch today are 25,250 on the upside and 24,950 on the downside.
What to Watch For Next!💡 GBPUSD Bearish Trade Outlook – Detailed Analysis
The GBPUSD pair has recently shown a clear Market Structure Shift (MSS) to the downside — a strong sign that bearish momentum may be taking control. Alongside this shift, we’ve also seen the formation of a Bearish Fair Value Gap (FVG) on the 4-hour timeframe, which adds further confluence to the potential for continued downside.
📍 What This Means:
The break in structure combined with the FVG suggests that institutional activity may be driving price lower, possibly targeting areas of untapped liquidity beneath previous lows. These are often high-probability setups when traded with confirmation.
🔎 What to Watch For Next:
At this point, it's best to wait patiently for the price to retrace into the 4H FVG zone. Once price taps this area, we should closely monitor lower timeframes (such as 15M or 5M) for bearish confirmation entries — like a bearish engulfing pattern, change in character (ChoCH), or internal MSS.
📉 Potential Trade Idea:
If confirmation occurs, we can look to enter a sell position, targeting downside liquidity levels, such as previous swing lows or equal lows — where the market often hunts liquidity.
⚠️ Risk Reminder:
As always, avoid entering blindly. Let the market give you a clear sign. Use proper risk management, and stick to your strategy.
📚 DYOR – Do Your Own Research!
The market doesn’t guarantee outcomes. Your own analysis, patience, and discipline are your best tools.
AAPL — Broadening Range and Accumulation Phase. Targeting $300Apple stock has been moving in a broadening pattern for an extended period, showing signs of accumulation. This price behavior suggests a potential bullish breakout. The upside target in the coming months is around $300, possibly by fall or winter. However, a corrective scenario remains on the table, with a potential pullback toward the $165–144 range, which could present a strong long entry opportunity. From a fundamental perspective, investor interest is likely to increase ahead of Apple’s expected product presentation in the fall, which historically supports bullish sentiment in the stock.
BTC - Another Potential Bearish PatternHere I present my second alternative for a Bearish case for Bitcoin.
Per my previous posts I explain in detail the interest in recollecting liquidity in these lower zones. Previously I presented pathways to the uber lows at 7,000-10,000 - however this is another possible case.
I believe Bitcoin can see a drop from 109,200 straight down to 19,000-20,000
Why?
1. Major Volume support at this level
2. Major liquidity pools in confluence with this level
3. Price would form a W bottom with a higher low - which aligns with DXY breaking down on the monthly time frame. We can use DXY to project a bull market spanning 2-5 years (weakening dollar = more interest in deflationary assets such as Bitcoin)
4. Per the note above, it’s unlikely that BTC continues straight up without a sharp drop. The way this market works is to a large degree with leverage trading. The market and exchanges desperately want to shake out these longs, especially if we consider a 2-5 year bullish forecast through a macro view.
5. Confluence with this diagonal trendline which shows a clear support / resistance structure (note the Bitcoin chart is formed via diagonal ascending support and resistance lines - we can demonstrate this clearly and repeatable by duplicating the correct trendline and seeing how it forms the chart at any location)
Personally, I am shorting Bitcoin from 109,000 - and am expecting to see a fast drop through the rest of the weekend.
I will watch what the price does, where it reacts and interacts, and attempt to get a head start on understanding the true bottom before this “true” bull cycle begins.
Happy trading
