Black FridayUp to 80% OFF

Range

ETH Losing Range Midpoint? Similarly to Bitcoin, Ethereum finds itself around the midpoint of the high time frame range, only ETH has already lost the level and has rejected when retesting. Such a lack of strength is concerning for the project as well as the broader altcoin market. So there are a few actionable moves I'm looking out for: Bullish scenario is we maybe chop for a while around/under the midpoint then with high volume the midpoint gets flipped with conviction. That would open the door for the top half of the range to be accessible again. I think this scenario relies on the US Government shutdown coming to an end and QT also ending. Right now there just isn't the liquidity needed to prop up prices hence the slow bleed. Bearish scenario is a simple continuation of the local bearish trend where 0.25 ($2,800) is the target. This area signaled the break in structure responsible for the previous rally and so I believe it will provide support but is also the target for the bears to reach.
BITSTAMP:ETHUSD
by ProR35
BTC Line In The Sand Bitcoin has had a turbulent Q4 so far and finds itself at ~$100,000 at the start of November. The chart clearly defines the structure of the move since the beginning of 2024. Once breaking above last cycles ATH of ~$69,000 BTC's price has moved in relatively typical fashion for a bullrun uptrend. The tariff war marking the range low back in April and the highs have been capped at ~$125,000, on 4 separate weeks this area has rejected and remains major resistance. As of now BTC is retesting the midpoint as support as it did back in June. Where this time is different is the momentum difference, since the first test of range highs the trend has gone into a choppy phase with lower lows being printed. This distribution pattern is vastly different and quite bearish. Another element to this is the diagonal support trendline that intersects the midpoint at roughly current price, losing this trendline would be added confluence that the bullish trend is over. Should midpoint and diagonal support be lost the bottom half of the range comes into play, a 25% range that would open the door to a full retrace of this cycles progress back to 2021's ATH. A strong bounce at midpoint keeps the uptrend alive at least in the short term but BTC would need to finally break range high.
by ProR35
EURUSD: Rebound Phase Developing From 1.1510 Support ZoneHello everyone, here is my breakdown of the current Euro setup. Market Analysis EURUSD has been forming a complex market structure, transitioning through several distinct phases. Initially, the pair traded within a Range Zone, showing indecision between buyers and sellers. A strong bullish breakout from the range led to the creation of an Upward Channel, where buyers maintained momentum until the price reached the 1.1660 Resistance Zone. This level acted as a significant supply area, resulting in multiple rejection points and eventually a bearish breakout from the channel. Recently, EURUSD began consolidating in a Descending Triangle Pattern, with the Triangle Resistance Line serving as a dynamic barrier against bullish attempts and the Triangle Support Line acting as a demand zone. Currently, the pair is testing this support zone around 1.1500–1.1480, which has already provided several short-term rebounds. A clear break below this area could confirm a continuation of the bearish structure, potentially pushing price lower toward 1.1450 and even 1.1400. On the other hand, a rebound from the support line with strong bullish momentum could signal the beginning of a reversal move, targeting the resistance levels at 1.1530–1.1540. My Scenario & Strategy From my perspective, EURUSD sits at a pivotal technical point. If the Triangle Support Line continues to hold, I expect a bullish breakout attempt above the triangle’s resistance, confirming a possible trend reversal toward higher levels. Short-term traders could look for long entries near the 1.1500 support zone with tight stop-losses below 1.1480, aiming for a retest of 1.1530–1.1540. However, if the pair breaks and closes below 1.1480, it would invalidate the bullish scenario and likely trigger renewed selling pressure toward 1.1450–1.1400. For now, I remain cautiously bullish, expecting a potential rebound from the support base before a decisive move unfolds. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Long
by Ratner
11
Euro continued Weakness Points to 1.1480 RetestHello traders, I’d like to share my view on EURUSD. The current market structure shows a clear bearish momentum, with the pair consistently forming lower highs and lower lows inside a well-defined descending channel. The rejection from the 1.1660 Resistance Zone — which coincides with a strong Seller Zone — marked the beginning of a sustained downtrend. After a fake breakout attempt above the resistance, the market quickly reversed and continued to decline, confirming that sellers remain in control. The pair is now trading close to the Buyer Zone, which aligns with the Support Level around 1.1500–1.1480. This area has historically acted as a key demand region, making it crucial for the next price reaction. At the moment, EURUSD is respecting both the Resistance Line and the Support Line within the channel, showing the continuation of the bearish cycle. My primary scenario anticipates a potential short-term pullback toward the upper boundary of the channel (around 1.1560–1.1580) before another bearish impulse develops toward TP1 at 1.1480. However, a confirmed breakout above 1.1600 could invalidate this bearish setup and open the way for a broader correction toward the 1.1660 Resistance Level. Until then, the trend remains bearish, and I favor short opportunities targeting 1.1480 as the next key level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
22
HOW-TO: Ranger in TradingViewChart patterns and ranges are essential in technical analysis, helping traders identify potential support/resistance zones, volatility expansions, and reversal points. However, manually detecting daily or weekly ranges can be time-consuming and subjective. In this post, we describe how to effectively use the Automatic Range Detection feature inside the ZenAlgo - Ranger indicator, which calculates VWAP-based ranges and standard deviation lines automatically to save time and improve accuracy. Using the Range Detection Feature Add the Indicator : Access the ZenAlgo - Ranger and add it to your chart. It works on any timeframe up to 4H for optimal performance. Key Settings : Show Today's VWAP Range : Enabled by default. This displays the current day's range based on VWAP ±2.0 standard deviations (core range). Show Previous Day's Range : Toggle to view historical daily ranges (up to 70 days back). Show Monday Range : Activates weekly-like ranges derived from Monday's data (shiftable forward for projection). Standard Deviation Lines : Customize visibility for ±3.0 to ±10.0 (and halves like ±0.5, ±1.5). Highlighted lines (e.g., ±5.0, ±10.0) use solid styles for emphasis. Monday Range StdDev Lines : Extended up to ±40.0 for advanced volatility analysis. Box Transparency : Adjust for visual clarity (0-100%). Tip : Start with defaults – today's range in teal, previous in gray, Monday in yellow/blue – and tweak based on your asset's volatility. The indicator uses a locked 1-min VWAP calculation for precision, incorporating buy/sell volume delta from 4H data to color ranges dynamically. Range Detection Overview ZenAlgo - Ranger detects and plots: Daily Ranges : VWAP-centered core (±2.0 std) with extensions via std dev lines. Supports up to 50 previous days. Monday (Weekly Projection) Ranges : Special ranges from Tuesday's data (representing Monday's VWAP), extendable up to 30 weeks. Includes core levels (25%, 50%, 75%) and extreme std devs (±40.0). Half StdDev Lines : For finer granularity (e.g., ±2.5, ±3.5). Volume Delta : Integrated buy/sell volume calculation for each range, helping identify bullish/bearish bias. Return Labels : Automatically labels entries back into the range (e.g., "dS" for daily short return above RH). Detection relies on VWAP and std dev thresholds – higher std lines indicate potential overextensions. Examples Here are some practical examples on BTCUSD (see chart snapshots below): Daily Range in Action : The red box shows today's VWAP range (±2.0 std). Notice how price bounces off the midrange (MID) acting as resistance. Previous Ranges for Context : Gray boxes overlay past days. In a trending market, price often respects these as dynamic S/R – e.g., breaking below a previous RL signals strength. Monday Range Projection : Yellow core with blue borders. Shift forward to project weekly volatility. The 50% midline often acts as equilibrium. StdDev Extensions : ±5.0 (solid) and ±10.0 lines for extreme targets. Useful in high-vol assets like crypto. Tips Validate ranges with volume delta for bias confirmation. Use on intraday charts; combine with other indicators for entries. For volatile markets, enable higher STDs on Monday ranges.
INDEX:BTCUSDEducation
by ZenAlgo_Official
15
Gold Nears Resistance — Buyers Target $4,130 BreakoutHello traders, here’s my current outlook on Gold (XAUUSD). The market structure shows that Gold has recently shifted from a sharp bearish phase into a short-term recovery pattern, finding solid demand near the $3,940–$3,950 Buyer Zone. After the last strong drop from the $4,130 Resistance Level, price stabilized within this accumulation area and began forming an ascending structure supported by a clear Support Line. Currently, Gold is trading inside a rising wedge pattern — a signal of a tightening market where buyers are gradually gaining ground. The Resistance Line near $4,050 represents a short-term barrier, and a confirmed breakout above this level could open the way for a move toward the $4,130 Resistance Zone (TP1), which aligns with the previous Seller Zone. From my perspective, as long as the price remains above the $3,940–$3,950 Support Zone, the bullish bias remains valid. A successful breakout above $4,050 would likely confirm the continuation of the current upward momentum, targeting $4,130. However, if the price fails to break above resistance and falls below the ascending support line, a short-term pullback toward the Buyer Zone could occur before any new bullish wave develops. In my opinion, the market structure currently favors buyers, with strong support underpinning the move. Therefore, I’m expecting a potential bullish continuation toward $4,130 as the next key target.
FOREXCOM:XAUUSDLong
by LegionQ8
25
XAUUSD Long: Demand Zone Holding, Eyes on $4,080Hello traders! Gold (XAUUSD) is currently showing a corrective phase within its broader bullish trend. After a strong rally from the $3,850 Demand Zone, price climbed steadily along the ascending Trend Line, forming higher highs and higher lows until reaching the $4,150–$4,180 Resistance Area. This zone acted as a key pivot point, where buyers lost momentum and sellers initiated a retracement. Following this, the market broke below the Trend Line, signaling the start of a short-term correction. The correction found temporary support near the $3,950 Demand Zone, where buyers have recently stepped in again. This level coincides with a previous pivot and a key structural support area, suggesting a potential rebound setup. At the moment, price is consolidating between the $3,950 Demand Zone and the $4,080–$4,150 Resistance Area, indicating indecision before the next move. From my perspective, Gold is likely to attempt a bullish correction toward the $4,080–$4,150 Resistance Zone, which aligns with both the previous Trend Line and recent pivot structure. A successful break and close above $4,150 would confirm a trend continuation toward higher levels. However, if the price fails to break above this resistance area and gets rejected, sellers could regain control, pushing the market back down toward $3,950 or even lower. For now, I’ll be watching for confirmation of a bullish reaction from the $3,950 Demand Zone to validate a short-term long setup targeting $4,080. Manage your risk!
FOREXCOM:XAUUSDLong
by heniitrading
13
EURUSD: Bounce from Support Could Trigger Move Toward 1.1640Hello everyone, here is my breakdown of the current Euro setup. Market Analysis EURUSD has been trading in a corrective phase after breaking down from the Upward Channel that previously guided its bullish movement. The pair formed a Range near the 1.1760 Resistance Area, showing consolidation before sellers regained control. Multiple Breakouts confirmed shifts in market structure — first to the upside within the channel, and later to the downside, signaling the transition from bullish to neutral-bearish momentum. Recently, price found strong demand within the 1.1550–1.1560 Support Zone, which aligns with the Triangle Support Line. This level has been tested multiple times, acting as a significant pivot point for potential bullish reactions. The Triangle Resistance Line above continues to limit upward movement, forming a contracting structure that reflects growing pressure from both sides. My Scenario & Strategy From my view, EURUSD is currently setting up for a possible bullish rebound from the support zone near 1.1560. If buyers defend this level, the price could rise toward the Triangle Resistance Line around 1.1630–1.1640. A confirmed breakout above this resistance could open the way toward the key 1.1760 Resistance Zone, signaling a shift in sentiment back to bullish. However, if the pair fails to hold above the Triangle Support Line, a breakdown could trigger a deeper decline toward 1.1500. For now, I maintain a short-term bullish bias, looking for long opportunities near support with clear confirmation signals. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Long
by Ratner
12
Gold Rebound: Bulls Target 4,130 ResistanceHello, traders, I want share with you my opinion about Gold. Gold has been trading within a broad technical structure, evolving from a strong bullish phase into a corrective descending channel. The previous uptrend was clearly defined by an ascending channel, which guided the price through multiple impulsive rallies and pullbacks. However, after forming a double-top pattern near the 4320 resistance level, buyers began to lose momentum, resulting in a sharp decline. Currently, the price is trading within a well-defined descending channel, where sellers have been maintaining short-term control. After a deep test of the Buyer Zone around 3920, the market has shown early signs of a potential rebound. The asset is now pulling back from this support area and is approaching the resistance line of the descending channel. In my opinion, this upward correction represents a short-term recovery within a larger bearish context. I expect that the price will rally towards the Resistance Level near 4130–4140, where strong selling pressure may reappear. This area is also aligned with the upper boundary of the descending channel, creating a strong confluence zone. A rejection from this resistance line would confirm the continuation of the bearish structure. The next potential move could be a rotation back down towards the Buyer Zone, or even a deeper retest of the Support Line around 3920. My take-profit (TP1) for the corrective rally is placed at 4108, targeting the upper range of the structure before the next potential reversal. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
16
Bitcoin Approaches Key Resistance — Bulls Eye 117K BreakoutHello traders, I want to share my view on Bitcoin (BTCUSD). The current market structure shows a gradual recovery phase following the previous breakdown from a large range near the 118,000 level. After a sharp decline and retest of the 106,400 support zone, the market found strong buying interest, forming a new ascending channel structure. This setup has been characterized by steady higher highs and higher lows, confirming the presence of short-term bullish momentum. At this stage, BTCUSD is approaching a key resistance level around 116,000, which aligns with both the upper boundary of the current channel and the prior horizontal resistance zone — a region that previously acted as a strong supply area. This confluence suggests that the market could face a short-term pause or pullback before attempting another bullish impulse. My primary scenario anticipates that if the price holds above the support line near 113,000–113,500, buyers may maintain control and push toward the 117,000 target (TP1) — the next logical resistance level and the top of the channel. However, a clear rejection from 116,000 without follow-through could open the door to a corrective pullback toward 110,500–111,000 for another demand test. In my opinion, the structure remains bullish in the short term, as long as the lower boundary of the ascending channel holds. Therefore, I continue to favor a long scenario with a TP at 117,000, expecting a potential breakout or test of the upper resistance. Please share this idea with your friends and click Boost 🚀
THINKMARKETS:BTCUSDLong
by LegionQ8
19
BTCUSD Short: Sellers Aiming for a Pullback Toward 109,600Hello, traders! Bitcoin (BTCUSD) continues to trade within a broader corrective structure after losing momentum from its previous bullish phase inside the Ascending Channel. The breakdown from the channel shifted the short-term sentiment from bullish to neutral-bearish, with sellers now defending the upper boundary of the current Supply Zone. After the strong rejection from the 118K–116K region, BTC entered a range-bound phase between 109,600 (Demand Zone) and 116K (Supply Line). This range represents a period of accumulation or distribution — depending on how the price reacts at its edges. Recently, the price retested the upper boundary of the Supply Zone, where a fake breakout occurred, followed by selling pressure — a clear sign that supply remains dominant. Now, the market is showing early signs of potential correction back toward the Demand Line near 109,600, where buyers previously stepped in to defend the trend. If the bearish momentum continues, I expect a move down toward the Demand Zone around 109,600–107,700. This area aligns with both a key pivot point and the ascending demand line, which could act as a springboard for another bullish rebound. Conversely, a confirmed breakout above 116K would invalidate the short-term bearish outlook and signal a possible continuation toward higher resistance levels. For now, my bias remains bearish-to-neutral, anticipating a short-term correction before a potential bullish reaction from the demand area. Manage your risk!
BINANCE:BTCUSDShort
by heniitrading
19
EURUSD: Buyers Gaining Momentum Near Key Support ZoneHello everyone, here is my breakdown of the current Euro setup. Market Analysis EURUSD has been moving within a clear downward channel, forming consistent lower highs and lower lows over the past few weeks. Each attempt to break above the resistance line has resulted in a fake breakout, confirming that sellers have maintained control through most of this structure. Recently, the pair found strong buyer support near 1.1550, a key support zone that has held multiple times in the past. After testing this level, the price bounced upward, breaking the channel’s upper boundary and forming a triangle structure — signaling that market momentum is shifting from bearish to corrective. Currently, EURUSD is testing the Triangle Resistance Line around 1.1670–1.1700, an important resistance area where previous rallies have stalled. The overall structure suggests that the market might face renewed selling pressure from this zone. My Scenario & Strategy From my perspective, EURUSD could see a short-term pullback from the resistance area before any potential breakout confirmation. A rejection here would likely push price back toward the Triangle Support Line or even the 1.1580–1.1550 support zone, where buyers could reenter.If, however, the pair manages to break and hold above 1.1700, it would indicate growing bullish momentum, possibly targeting 1.1750 — the top of the previous resistance area. Until such confirmation appears, I expect a corrective move downward within the triangle formation as part of a broader consolidation phase. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Short
by Ratner
6
BTCUSD Short: Rally will Continue in ChannelHello, traders! The prior market structure for BTCUSD saw a major reversal after a strong rally failed to sustain its momentum, peaking near 126000. This established a new bearish phase, with the price action since being clearly contained within a well-defined descending channel, confirming that sellers currently have the initiative. Currently, the price is in a corrective phase within this channel. After bouncing from the lows, the auction has rallied back up and is now directly testing the descending supply line. This is a critical inflection point where the dominant downtrend could resume with force. My scenario for the development of events is that this corrective rally will fail upon testing the channel's resistance. I expect a rejection from this supply line to confirm that sellers are still in control. In my opinion, this will trigger the next impulsive move down, which should be strong enough to break the key 108700 demand level. The take-profit is therefore set at 104250, targeting a new lower low. Manage your risk!
BINANCE:BTCUSDShort
by heniitrading
13
GOLD Analysis: Watching for Reaction Near Buyer ZoneHello traders, I want to share with you my opinion about Gold. The market for Gold has been in a strong bullish trend for quite some time, forming a clear upward channel structure. Each impulse has been followed by a short consolidation phase (range), allowing the market to gather liquidity for the next push higher. However, after reaching the key Resistance Level near 4368, the price entered a Seller Zone where heavy supply emerged, triggering a sharp correction. This move broke the short-term market structure and pushed the price down towards the Buyer Zone — an important support area that previously acted as a base for a strong rally. Currently, Gold is trading near the bottom of a descending correction channel, approaching a crucial decision point. I expect the market to make a small corrective move to retest the Resistance Line of this channel, and if rejection follows, it could open the way for another bearish leg toward my TP around 4020. From a broader perspective, this decline still looks like a healthy correction within a major uptrend, so I’ll be watching closely how the price reacts inside the Buyer Zone — it might offer great opportunities for the next bullish impulse later on. Thank you for reading! Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
16
Bitcoin Correction Continues: Buyers’ Last Stand at 106KHello, traders, I want share with you my opinion about Bitcoin. After a strong bullish impulse, BTCUSDT reached a local high and entered a consolidation phase, forming a clear range. The subsequent breakout to the downside signaled the start of the current corrective phase. At the moment, the price is moving within a descending structure, defined by a resistance line from recent lower highs and a support line connecting local lows. The market recently retested the previous Support Level (now acting as resistance) near 109,000 and is showing bearish pressure again. Currently, the price is trading near the Buyer Zone (106,000–107,000), which previously served as a strong demand area. I expect the market to test this zone once again, where buyer reactions will determine the next move. I think that BTC will consolidate between the Buyer Zone and Resistance Line, forming a potential accumulation before any decisive breakout. If buyers manage to defend 106,000, we could see a rebound toward the 110,000–112,000 region. However, a confirmed breakout below the Buyer Zone would open the path to TP1 = 106,300 and possibly extend the correction lower. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
9
Gold Pullback Could Be the Next Buying OpportunityHello, traders, I want share with you my opinion about Gold. The market for Gold has been trading within a clear bullish structure, forming an ascending channel since breaking out from the earlier range near the 4,050–4,100 zone. The breakout from that consolidation led to strong upward momentum, with price making consistent higher highs and higher lows. Recently, the market faced strong selling pressure from the Seller Zone near 4,366, which aligns with the Resistance Level. After a retest of this supply area, price rejected and started a correction within the channel. The price is approaching the Buyer Zone around 4,205, which also coincides with the lower boundary of the ascending channel and the previous support level. This confluence makes the area significant for potential bullish reactions. I expect Gold to retest the Buyer Zone (4,205) and, if buyers show strength, a bounce toward 4,320–4,366 could follow. This would represent the continuation of the uptrend within the ascending channel. However, if price breaks below 4,205, it would signal a possible shift in structure and open the door for a deeper correction toward the 4,100 area. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDLong
by LegionQ8
40
EURUSD Short: Targeting the 1.1560 Demand ZoneHello, traders! The prior market structure for EURUSD was a complex downward wedge, from which the price eventually broke out and entered the current consolidation range. This range has been established between the 1.1795 supply 2 level and a demand zone at the lows, with the price action rotating between these two key boundaries. Currently, the auction is at a critical inflection point. After bouncing twice from the demand zone at the bottom of the range, the price has rallied back up to test the key horizontal supply at the 1.1670 level. After a brief test, the price has been rejected from this area, showing that sellers are in control here. My scenario for the development of events is a continuation of this decline from the supply level. I believe this rejection confirms the range is still active and that the next logical move is a rotation back down to the lows. In my opinion, the bearish initiative from this rejection will be strong enough to push the price to the demand zone. The take-profit is therefore set at 1.1560. Manage your risk!
Short
by heniitrading
3
Bitcoin can Reverse Sharply After this CorrectionHello traders, I want share with you my opinion about Bitcoin. The market structure for Bitcoin has turned decidedly bearish in the short term, following a significant breakdown from its recent triangle consolidation pattern. This corrective phase began after a failed rally to a new all-time high near 126000, which led to a prolonged and volatile period of price action, including a sharp drop to 102000. Currently, following the resolution of the recent triangle to the downside, the price of BTC is in a clear downward movement. In my mind, this final decline is a capitulation move that is heading towards a major area of historical support. I expect that the price will fall into the main buyer zone. I think that a strong and confirmed reversal from this zone will signal that the entire corrective phase is complete and that buyers are ready to re-take control for the next major trend. This would present a significant long opportunity. Therefore, I have placed my TP for this reversal scenario at the 116000 level, targeting a key area of prior price action and a logical first objective for a new rally. 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
12
Gold can be Rejected from Channel ResistanceHello traders, I want share with you my opinion about Bitcoin. The market context for Gold has been strongly bullish since the price action broke out of a prolonged consolidation range that was based in the 3325 buyer zone. This structural shift initiated a new uptrend, with the price action for XAU having been guided higher within a well-defined upward channel. The asset has shown significant strength, breaking through multiple levels, including the current support level at 3845. Currently, after completing a strong impulsive wave, the price is trading very close to the resistance line of this upward channel, consolidating near the highs. In my mind, this is a logical area for the bullish momentum to pause and for a correction to begin. I expect the price to soon be rejected from this channel's upper boundary and initiate a new corrective swing to the downside. I think a confirmed reversal from this area would validate the short scenario. Therefore, I have placed my TP at the 3845 level, targeting the recent breakout area, which should now act as the first major support. 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
14
13/10/25 Weekly OutlookLast weeks high: $126,237.39 Last weeks low: $102,038.44 Midpoint: $114,137.92 Well that was an interesting week... A small reminder that when Trump talks about tariffs the markets move, and move fast! From All-Time-High at the beginning of the week to a -19.2% move, a single hourly candle had -10.56% drawdown alone! What can be learnt from this? Despite all the technical analysis in the world, if the President of the United States makes an announcement it can shift the market greatly causing a leverage unwind via liquidations that cascade aggressively. Although these large scale crashes are rare, they are inevitable in this market and this will not be the last of its kind. This week will be very interesting because generally we do see a lot of backfilling the wick which would mean revisiting the key S/R level at 0.25 ($108,000). The bulls would not want to see price acceptance under this level or IMO this is the beginning of a bearish shift in HTF structure. This potential shift in structure would also line up with the 4 year cycle theory as October marks the end of the bull market. On the other hand, the bounce from the low has been strong, although still some way off the origin of the dump a lot of ground has been recovered. In the past these liquidation events have marked local lows in the market and serve as a launchpad for the next leg up. I do think it's too early to tell if that is the case this time around, I am in no rush to position either way until at least Mondays range is established. The altcoin market took a far worse turn, majors sinking as much as 80% in a single move! This week will be important to learn what projects are truly supported/fundamentally sound by how they recover. Projects such as: ZEC, TAO, ANYONE and BNB have all closed higher than their original price before the crash, other projects may never recover. Good luck this week everybody!
by ProR35
Bitcoin may Rally Back Towards the 118000 ResistanceHello traders, I want share with you my opinion about Bitcoin. The market for Bitcoin has experienced extreme volatility recently, with a powerful rally to a new all-time high near 126000 being completely erased by a sharp, news-driven decline down to 101000. This dramatic price swing has reset the market structure. Since that low, however, the price of BTC has staged a significant recovery, breaking back above the major 109500 support level and showing strong signs of a bullish reversal. Currently, the asset is in a minor corrective phase after this initial powerful rebound. In my mind, the strong reversal from the lows indicates that the sell-off was overdone and buyers are now re-engaging. I expect that the price will make a small corrective movement down to retest the major support level around 109500. I think a successful defense of this level, which also aligns with the buyer zone, will confirm the recovery is sustainable and will trigger the next major rally. Therefore, I have placed my TP at the 118000 resistance level, targeting the top of the prior consolidation range. 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
4
BTCUSD: Rally between Trend Line can ContinueHello everyone, here is my breakdown of the current Bitcoin setup. Market Analysis From a broader perspective, the market for Bitcoin has been through a very complex and volatile consolidation. After multiple failed moves and tests of both the 108800 Support and the 118000 resistance, the price has finally shown a clear directional bias with a powerful breakout to the upside. This breakout has established a new, clear uptrend which is being guided by an ascending trend line. Currently, after a strong impulsive rally, the price is in a healthy corrective phase, pulling back towards this main trend line for a potential retest, which is a key area to watch. My Scenario & Strategy I'm looking for the price to complete its correction down to this ascending trend line. The key signal for me would be a confirmed and strong bounce from this dynamic support, indicating that the pullback is over and buyers are ready to resume the rally. Therefore, the strategy is to watch for this bounce. A successful defense of the trend line would validate the long scenario. My new target for the next impulsive wave higher is 127300, which would be a new ATH. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
BINANCE:BTCUSDLong
by Ratner
8