Get started

Wedge

DOGE Breakout or Bull Trap? Read Before You Enter!Yello Paradisers! Could this be the breakout that finally sends DOGE flying, or is it just another trap designed to lure in early bulls before dumping hard? If you’re thinking about entering here, you’ll want to read this entire breakdown — because the price action is sending mixed signals, and it’s critical to stay sharp right now. 💎DOGEUSDT has just broken out of a classic falling wedge pattern — a historically bullish setup that often marks the end of a corrective phase. What strengthens this move even more is the presence of a hidden bullish divergence on the RSI and a bullish divergence on the MACD, both suggesting that momentum is building to the upside. In addition, we’ve now seen a bullish CHoCH (Change of Character) right after a liquidity grab, which further increases the probability that this could be the start of a new impulsive move upward. 💎That said, the current risk-reward ratio from this level is sitting at around 1:1, which is not ideal for a high-conviction trade — especially if you're managing capital with a long-term mindset. For that reason, the more strategic move here would be to wait for a pullback and watch for a strong bullish candlestick confirmation on the lower timeframes. This would offer a better entry with improved risk-reward, giving you more confidence and cleaner structure to trade off. 💎Still, if you're an aggressive trader, taking a small position now with that same 1:1 RR could make sense — but only if your risk is clearly defined and well managed. Chasing a breakout without a confirmed entry trigger or without patience could cost you, especially in a choppy market like this one. 💎However, if DOGE breaks back down and closes below the invalidation level, then the entire bullish setup is invalidated. In that case, it’s best to step aside, wait for cleaner structure, and only re-enter once we see stronger bullish confirmation or a new range develop. 🎖We are playing it safe right now. If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
6
GOLD → The market depends on the mood of the FED. Rate cuts FX:XAUUSD , after reaching 3700, entered a correction phase triggered by profit-taking ahead of important market news—the Fed's interest rate meeting. Gold is falling and testing 3660-3650 after updating its ATH to 3703 ahead of the Fed's decision. All eyes are on Powell's forecasts and comments on future policy. Fundamentally, a 25 bp rate cut is already priced in. Much more important is whether the Fed will hint at more than two cuts before the end of the year. The market is expecting aggressive easing due to the risks of stagflation (weak labor market + persistent inflation). If the Fed takes a dovish stance (three rate cuts), gold could hit new records. If it is hawkish, i.e., a surprise (only one or two rate cuts), the dollar will strengthen and gold will correct Resistance levels: 3674.7, 3686, 3700 Support levels: 3657, 3646.5, 3637 Technically, the further scenario for gold depends solely on the mood of the Fed and Powell's comments. The market still hopes to hear more positive hints and, before that, is forming a deep correction to the liquidity zones indicated on the chart in order to buy cheaper, if the situation allows... Best regards, R. Linda!
FX:XAUUSDLong
by RLinda
11
EURUSD: Correction will ContinuesHello everyone, here is my breakdown of the current Euro setup. Market Analysis From a broader perspective, we saw a significant bullish impulse on EURUSD after the price broke out of a multi-week upward wedge. This breakout carried the price well above the Support 1 level at 1.1780, culminating in a new local All-Time High before entering a corrective phase. Following that peak, the market has pulled back and is now consolidating. Currently, it appears that the price is attempting to build support for another move higher, likely to re-challenge the recent highs. My Scenario & Strategy My scenario is a bearish one, built on the expectation of a failed retest of the recent ATH. I'm looking for the price to make one more push upwards towards the recent ATH. The key signal for this short idea would be a clear and strong rejection from that high, showing that buyers no longer have the strength to continue the trend. Therefore, the strategy is to watch for this failure at the highs. A confirmed reversal would validate the short scenario. The primary target for the subsequent decline is the 1.1795 support zone, which aligns with the Support zone 1 area. That's the setup I'm tracking. Thank you for your attention, and always manage your risk.
Short
by Ratner
5
XAUUSD Short: Awaiting Rejection from the Supply LineHello, traders! The price auction for XAUUSD has been defined by a broadening wedge pattern, signaling a period of expanding volatility. This structure has been formed by a series of higher highs and lower lows, with key pivot points establishing the diverging supply and demand lines. This indicates a fierce but structured battle between buyers and sellers within a clear range. Currently, the auction is at a critical inflection point at the top of this wedge. Following a strong rally from the demand line, the price is now directly testing the descending supply line. This is a high-liquidity area where seller initiative has previously overwhelmed buyers, making it a key decision point for the market. The primary scenario anticipates a rejection from this supply line, continuing the rotational pattern within the wedge. The expectation is that sellers will defend this upper boundary and initiate a new downward swing back towards support. A failure to break out higher would confirm the short-term corrective scenario. The take-profit is therefore set at 3595, targeting the upper part of the first major demand zone. Manage your risk.
FOREXCOM:XAUUSDShort
by heniitrading
2
EURUSD Long: Correction Before Impulse UpHello, traders! A large upward wedge pattern has defined the price auction for EURUSD. This bullish structure has been formed by a series of higher highs and higher lows, with key pivot points establishing the diverging supply and demand lines. The auction has been rotating between the demand zone 2 and the supply zone near the 1.1780 level. Currently, following a rejection from the wedge's upper supply line, the price has entered a corrective phase. This pullback is guiding the auction towards a significant confluence of support. The price is now approaching the ascending demand line, a key area where buyers have previously shown initiative and are expected to defend the trend. The primary scenario anticipates a successful defense of this ascending demand line. A confirmed bounce from this dynamic support would validate the integrity of the upward wedge and signal that the bullish initiative is ready to resume. This is expected to trigger a full rotation back to the top of the pattern, breaking through the 1.1780 demand level. The take-profit is therefore set at 1.1810, targeting the upper supply line of the wedge. Manage your risk!
Long
by heniitrading
USDJPY - Support Holding Strong!📈USDJPY has been overall bullish trading within the rising channel marked in blue. This week, USDJPY has been bearish trading within the falling red wedge and it is currently rejecting the lower bound of it! Moreover, the orange zone is a strong support. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the lower red trendline and orange support. 📚 As per my trading style: As #USDJPY is around the blue circle zone, I will be looking for trend-following bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
2
CRUDE OIL (WTI): Strong Bullish Confirmation?! Update for my yesterday's idea for WTI Crude Oil. The price retested a recently broken structure and we see a strong bullish reaction to that today. A bullish violation of a resistance line of a falling wedge pattern indicates a strong buying pressure. I think that the market will continue growing and reach 64.65 resistance soon. ❤️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.
FX:USOILLong
by VasilyTrader
1
KSM is Ready for 150% + Up Move KSM is making a pattern at Support zone and It is Ready for Breakout from that pattern . and at the same time Altcoin Season Index is at 74 , when it is >75 it is sign of very bullish in altcoins and Breakouts will have very high potential to give a big move . and at the same time Bitcoin dominance is decreasing and altcoins dominance is started increasing , so look on all the altcoins and follow proper risk management , it has very good chances to move UP side but first we have to protect the down side , where risk management comes into game . Follow for more Ideas and potential coins/ Stocks .
Long
by mahesh56a
XRPUSD → Will the rate meeting be a bullish driver for altcoins?BINANCE:XRPUSDT.P is consolidating above the previously broken boundary of the descending triangle formed within the bullish trend. Important news is ahead—the Fed's meeting on interest rates, which is highly likely to become a bullish driver for the cryptocurrency market. The daily structure of the XRP market looks promising. The price is not updating global lows, is staying within the boundaries of the uptrend, and at the same time is breaking through the resistance of the downward correction, trying to consolidate above the fairly strong support level of 2.9535. But the market is waiting for a driver, namely fundamental background. If this background strengthens after Powell's speech, Bitcoin and altcoins may strengthen, including XRP. However, the fundamental background largely depends on the overall mood of the Fed and its comments. The market has already priced in an interest rate cut, as this is predictable given the economic data. But traders will be watching Powell's tone and how dovish or hawkish his view of the situation is. Support levels: 2.9535, 2.8853 Resistance levels: 3.0577, 3.155, 3.359 Technically, at the moment, I am considering a scenario of a retest of support and the formation of a long squeeze at 2.9535 - 2.8853 against the backdrop of increased news volatility (manipulative nature). However, if this does not happen, the focus will be on 3.0577, and a close above this level could trigger further growth. Best regards, R. Linda!
Long
by RLinda
5
GBPCHF: Bearish After News 🇬🇧🇨🇭 GBPCHF broke and closed below a key daily horizontal support yesterday. Retesting a broken structure today, the price violated a support line of a bearish flag pattern after a release of UK CPI this morning. With a high probability, the price will drop to 1.0726 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.
Short
by VasilyTrader
1
Exploring the Two Variations of the Rising Wedge PatternHello everyone! When I first started learning technical analysis, one of the patterns I found incredibly interesting and important was the Rising Wedge pattern. This pattern is formed when the price creates higher highs and higher lows, but the price range gradually narrows. However, there’s something that few people know – the Rising Wedge pattern can appear in two different forms, and each form has significant implications for predicting market trends. Form 1: Rising Wedge in an Uptrend (Reversal) The first and most common form of the Rising Wedge is when it appears in an uptrend. This pattern signals that the uptrend is losing momentum. When I identify this pattern, I know the market is weakening and is likely to reverse into a downtrend. Characteristics: The price creates higher highs and higher lows, but the range of price movement narrows, and trading volume typically decreases. Confirmation: A breakout below the support at the bottom of the Rising Wedge confirms a trend reversal. When this pattern forms, I prepare to enter a short trade when the price breaks the support at the bottom of the pattern. This is when the market could start to reverse and move downward. Form 2: Rising Wedge in a Downtrend (Continuation) The second form of the Rising Wedge appears in a downtrend. Although it may look similar to the first form, its purpose is different. This pattern does not signal a reversal, but instead indicates that the downtrend will continue after the price breaks below the bottom of the pattern. Characteristics: Similar to the pattern in the uptrend, the price also creates higher highs and higher lows, but the price narrowing occurs within a downtrend. Confirmation: Once the price breaks below the bottom of the pattern, it is expected to continue the strong downward movement. In this case, I do not rush to enter a buy trade because this pattern signals that the downtrend is still strong. After the price breaks below the bottom of the pattern, I will consider entering another short trade. In Summary The Rising Wedge pattern is an incredibly useful tool for technical analysis to identify changes in price trends. Whether in an uptrend or downtrend, this pattern can provide great trading opportunities if you know how to identify and act on it promptly. In an uptrend: The Rising Wedge signals weakness and a potential reversal. In a downtrend: The Rising Wedge signals the continuation of the downward trend. Understanding these two forms helps me make more accurate trading decisions and manage risk more effectively in any market condition.
OANDA:XAUUSDEducation
by Kenn_Nguyen
Gold — Fed Cut Fade: Overextended, Eyeing a ThrowbackGold — Fed Cut Fade: Overextended, Eyeing a Throwback 🎯 Gold ripped higher into the FOMC, but the 25 bp cut was fully priced in. Post-decision, we saw the classic whipsaw — down → up → slow fade into the close. With the dollar and real yields catching a bid, the metal looks due for digestion before the next leg. Technicals (4h) Overextended run: Vertical leg higher with no real basing. Supply zone: Sellers showed up around 3.71–3.75k. Volume magnet: Confluence of the broken trendline + HVN sits down at ~3.41k. Thin profile: Gap between 3.52 → 3.41k leaves room for a fast move lower if momentum flips. Trade Idea Short bias: Fading the 3.71–3.74k zone or on breakdown acceptance below 3.69k. Stop: Above 3.76k (invalidation). Target: 3.41k (major HVN + retest zone). Macro Context The Fed’s move matches expectations. With positioning stretched and “buy the rumor / sell the news” in play, near-term risk is for a pullback. Medium term, the trend stays bullish if easing continues and real yields drift lower. Not financial advice — just sharing the setup I’m watching. #Gold #GC1 #Futures #ShortSetup #VolumeProfile #FOMC
COMEX:GC1!Short
by JoshuaDanford
$GLQ Falling Wedge 2.0After peaking in 𝐅𝐞𝐛 ‘𝟐𝟑, AMEX:GLQ dropped 𝟗𝟎% and formed a 𝐟𝐚𝐥𝐥𝐢𝐧𝐠 𝐰𝐞𝐝𝐠𝐞 (May–Oct ‘23). Inside the wedge, GLQ made 𝟒 𝐥𝐨𝐰𝐬 - 𝟐 𝐰𝐞𝐫𝐞 𝐥𝐨𝐰𝐞𝐫 𝐥𝐨𝐰𝐬. The 𝐟𝐢𝐧𝐚𝐥 𝐥𝐨𝐰𝐞𝐫 𝐥𝐨𝐰 came just days before a 𝟓𝟎𝐱 𝐛𝐫𝐞𝐚𝐤𝐨𝐮𝐭. After peaking in 𝐌𝐚𝐫 ‘𝟐𝟒, AMEX:GLQ again dropped 𝟗𝟎%… and is now forming the 𝐬𝐚𝐦𝐞 𝐟𝐚𝐥𝐥𝐢𝐧𝐠 𝐰𝐞𝐝𝐠𝐞 (Apr ‘25–Now). So far: 𝟑 𝐥𝐨𝐰𝐬, 𝟏 𝐥𝐨𝐰𝐞𝐫 𝐥𝐨𝐰. Another touch down could complete the wedge before a 𝐛𝐫𝐞𝐚𝐤𝐨𝐮𝐭 (𝐎𝐜𝐭–𝐍𝐨𝐯?).
Long
by charley1215
EURGBP – Battleground of Supply and Demand!EURGBP has been trading between clear supply and demand zones ⚖️, respecting both ends of the range. After rejecting the 0.8750 supply zone, price turned lower, showing that sellers remain in control. Currently, EURGBP is hovering around the 0.8620 – 0.8640 demand zone, where buyers previously stepped in. This area forms an important decision point 🔑: - If demand holds, we could see a bounce back toward mid-range levels. - If broken, a continuation lower would confirm supply’s dominance 📉. Patience here is key ⏳ — waiting for confirmation at these zones can help filter out false moves and set up a cleaner trade. ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
1
Nordicwealth: Bitcoin DeFi (BTCfi) — TVL at ATH and Core ChainIn the thriving Bitcoin ecosystem of September 2025, Bitcoin DeFi (BTCfi) has reached new heights, transforming BTC from a store of value into a yield-generating powerhouse. Total Value Locked (TVL) in BTCfi has surged to an all-time high of $5 billion, up over 600% from early 2024 levels, driven by staking protocols and Layer-2 innovations. Core Chain, a Bitcoin-aligned blockchain, stands out with yields of 5–7% on dual-staked BTC and CORE tokens, attracting institutional interest. From Nordicwealth, a premier analytics platform specializing in on-chain metrics and AI-driven signals, we explore BTCfi's growth, Core Chain's role, and trading signals using SMA and Fibonacci for key assets like BTC and CORE. Data as of September 16, 2025—position now for Q4 expansion. Nordicwealth empowers traders with real-time dashboards; sign up for our demo to capture these opportunities. BTCfi Overview: $5B TVL at All-Time High BTCfi has exploded in 2025, with TVL hitting $5 billion amid Bitcoin's price stability above $115K. This marks a 22x increase from mid-2024's $300 million, fueled by non-custodial staking (e.g., Babylon at 80% of TVL) and restaking protocols like Lombard and SolvBTC. Ethereum's DeFi TVL stands at $91 billion for comparison, but BTCfi's growth—projected to surpass Ethereum's market cap per Cardano founder Charles Hoskinson—signals Bitcoin's shift to productive assets. Key drivers: Institutional adoption (BlackRock's tokenized treasuries at $5.5 billion), regulatory clarity (GENIUS Act), and L2 launches boosting liquidity. On-chain: Transactions up 25%, with BTC staking yields drawing $7 billion TVL by mid-year. Nordicwealth's AI detects 71% bullish sentiment, correlating BTCfi TVL with BTC price (0.7), positioning it for $10 billion by year-end. Core Chain: 5–7% Yields and Bitcoin DeFi Innovation Core Chain, an EVM-compatible Layer-1 secured by Bitcoin's hash power (75% of mining), leads BTCfi with $260 million in dual-staked assets (3,140 BTC + 44 million CORE). Its Satoshi Plus consensus enables non-custodial BTC staking, offering 5–7% yields—higher than traditional treasuries—via dual staking multipliers (CORE/BTC ratio boosts rewards up to 80% APY in pools). Role in BTCfi: Core powers yield protocols, DeFi dApps, and bridges, with TVL over $400 million (28% market share among Bitcoin sidechains). Partnerships like Valour's yield-bearing BTC ETP (5.6% yield) and Maple Finance's structured assets highlight institutional appeal. On-chain: 7,000+ timelocked BTC, transactions +20%, and accelerator programs funding BTCfi builders. Nordicwealth forecasts Core's TVL at $500 million by Q4, with yields stable at 5–7% amid Bitcoin's security. Trading Signals: SMA, Fibonacci, and Nordicwealth Insights Nordicwealth analyzes BTC and CORE using SMA for trends and Fibonacci for levels, based on April 2025 swings. Focus on BTCfi exposure via these assets. Bitcoin (BTC, $115,845): Support at $113,500–$115,000 (50% Fibonacci retracement). Resistance at $116,400–$117,400 (38.2% extension). 50-day SMA rising at $114,541 (bullish above price), 200-day SMA at $102,637 (long-term uptrend). RSI at 59–65 signals healthy momentum. Signal: Long above 50-day SMA ($114,541) for 5–10% rally to $120K–$125K; stop below $113,500. On-chain BTCfi inflows (+$59M weekly) support breakout. Core (CORE, ~$2.16 projected): Support at $1.86–$2.07 (61.8% Fibonacci). Resistance at $2.30–$2.50. 50-day SMA at $2.07 (neutral, price above for bullish), 200-day SMA rising. RSI at 55 (bullish divergence). Signal: Buy on Fibonacci support ($2.07), target $2.30 (10% upside) with SMA confirmation; hedge via BTC pairs. Dual-staking yields (5–7%) enhance holding appeal. Overall: BTCfi TVL ATH correlates with BTC's 50-day SMA uptrend and Fibonacci support at $115K—enter longs for 15–20% Q4 gains. Risks: Volatility from L2 upgrades; diversify 10–20% in CORE for yields. Conclusion: Unlock BTCfi with Nordicwealth BTCfi's $5B TVL ATH and Core Chain's 5–7% yields signal Bitcoin's DeFi revolution, blending security with productivity. SMA and Fibonacci point to bullish setups for BTC and CORE. Nordicwealth's AI guides traders through on-chain insights and signals. Ready to yield? Join Nordicwealth for alerts and demo tools. What's your BTCfi strategy? Comment below! #BTCfi #BitcoinDeFi #CoreChain #SMA #Nordicwealth
INDEX:BTCUSDLong
by CryptoLifeone
Braxons Group: Top 10 Cryptocurrencies for Trading in September In the volatile world of cryptocurrencies, September 2025 presents both challenges and opportunities for traders. The market is consolidating after a summer rally, with Bitcoin holding key levels and altcoins poised for capital rotation. From Braxons Group, a leading analytical platform focused on Web3 analytics and AI tools, we present an overview of the top 10 assets for trading. Our Web3 analytics, tracking on-chain activity, whale movements, and DeFi metrics, help identify trends. We’ve selected BTC, ETH, SOL, BNB, XRP, ADA, DOGE, TRX, LTC, and AVAX based on market capitalization, liquidity, and growth potential. For each, we provide support/resistance levels, MACD and SMA indicators, and Web3 insights. Data as of September 16, 2025. If you’re a trader, Braxons Group offers advanced dashboards for real-time analysis—sign up and test them on a demo account. 1. Bitcoin (BTC) — King of the Market Bitcoin at $115,845 shows resilience, with a dominance of 57.4%. Support: $113,500–$115,000 (50% Fibonacci retracement). Resistance: $116,400–$117,400. MACD: Bullish crossover with a histogram of 681.93, signaling accelerating momentum. SMA: 50-day at $114,541, 200-day above at $102,637. Web3 analytics: Whales accumulating 20,000 BTC ($112M inflow), ETF inflows of $59M; on-chain data shows 60% of BTC unmoved for over a year. 2. Ethereum (ETH) — DeFi Backbone Ethereum at $4,521.97, driven by the Pectra upgrade. Support: $4,350–$4,648 (200 EMA). Resistance: $4,760–$4,956 (52-week high). MACD: Histogram at -39.16, but bullish divergence; signal for growth above zero. SMA: 20-day at $4,433, 50-day at $4,200—price above, uptrend intact. Web3 analytics: EIP-4844 reduces gas by 80%, DeFi TVL exceeds $1T; institutions add ETH to treasuries ($727M ETF inflows). 3. Solana (SOL) — Speed King Solana at $241.7, leading in meme coins and TPS (100,000). Support: $200–$218 (20-day EMA). Resistance: $244–$247. MACD: 0.62, rising momentum; bullish candles. SMA: 50-day at $200.8, 200-day at $176.2—above both, strong trend. Web3 analytics: Firedancer boosts reliability, Solana Pay integrated with Shopify; $7.7M inflows, 65M transactions/week. 4. BNB (BNB) — Binance Ecosystem BNB at $920.05, with a high of $944. Support: $900–$920. Resistance: $944–$950. MACD: Bullish, above signal line. SMA: 50-day at $900, 200-day at $800—uptrend confirmed. Web3 analytics: BNB Chain tokenizes stocks (Apple, Tesla); DeFi TVL at $10B, up 20% in September. 5. XRP (XRP) — Payment Corridors XRP at $2.94, up 380% YTD. Support: $2.73–$2.85. Resistance: $2.95–$3.00. MACD: Neutral, but bullish divergence. SMA: 50-day at $2.80, 200-day at $2.50—above, positive trend. Web3 analytics: XRPL Commons event on September 16; cross-border payments exceed $16B, bank partnerships grow. 6. Cardano (ADA) — Smart Contracts ADA at $0.86, up 3,879% since 2017. Support: $0.78–$0.80. Resistance: $0.98–$1.00. MACD: 47.4 RSI, neutral; MACD below zero. SMA: 50-day at $0.85, 200-day at $0.70—rising. Web3 analytics: Cup-and-handle pattern; staking TVL at $500M, DeFi up 15%. 7. Dogecoin (DOGE) — Meme King DOGE at $0.2052, down 0.63%. Support: $0.20–$0.202. Resistance: $0.22. MACD: Bollinger sell signal, but RSI at 52. SMA: 50-day at $0.20, 200-day at $0.18—above. Web3 analytics: Micropayments and charity; whale accumulation, $5M inflows. 8. TRON (TRX) — Content Platform TRX at ~$0.25, a top YTD performer. Support: $0.24. Resistance: $0.26. MACD: Bullish. SMA: 50-day at $0.245, 200-day at $0.22. Web3 analytics: USDT on TRON exceeds $50B; DeFi up 25%. 9. Litecoin (LTC) — Silver to BTC’s Gold LTC at $113.31. Support: $110–$112. Resistance: $115. MACD: Neutral. SMA: 50-day at $112, 200-day at $100. Web3 analytics: Fast transactions; ETF integration, volume up 10%. 10. Avalanche (AVAX) — Scalability AVAX at ~$45. Support: $40–$42. Resistance: $48–$50. MACD: Bullish crossover. SMA: 50-day at $43, 200-day at $38. Web3 analytics: Subnets for DeFi; TVL at $15B, institutional partnerships. Conclusion: Trade with Braxons Group September 2025 is a time for strategic trading: focus on BTC/ETH for stability, SOL/XRP for growth. Braxons’ Web3 analytics show a 71% bullish sentiment; leverage our AI dashboards for on-chain insights. The $3.87T market calls for diversification! Ready? Sign up with Braxons Group and get demo access. What’s your top crypto pick? Share in the comments! #Crypto #Top10 #Trading #BraxonsGroup #September2025
CRYPTOCAP:MEME.CLong
by CryptoLifeone
Bitcoin will start to correction after touching resistance levelHello traders, I want share with you my opinion about Bitcoin. The established market structure for Bitcoin remains bullish, with the price action being methodically guided higher within a well-defined upward channel. This pattern has been in effect since the resolution of a prior upward wedge, creating a clear sequence of higher highs and higher lows between its support and resistance lines. The price of BTC has just completed another full rotation from the channel's support and has now arrived at a critical inflection point. Currently, the asset is directly testing the upper boundary of the channel, a level which forms a powerful confluence of resistance with the horizontal 118200 - 117200 seller zone. The primary working hypothesis is a short, corrective scenario, based on the high probability that the channel's resistance will be respected. A confirmed rejection from this area would signal that the current upward impulse is exhausted and a downward rotation towards the channel's support is underway. Therefore, the TP for this rotational play is logically placed at 112200 points. This target aligns perfectly with the ascending support line of the channel, representing the most probable objective for a corrective move of this nature. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
15
BITCOIN → Consolidation in anticipation of a bullish driver...BINANCE:BTCUSDT is testing the 117K area as part of an upward movement triggered by the end of the bearish correction. The price is moving into consolidation. Focus on the range boundaries... The market is awaiting the Fed's interest rate meeting. A rate cut could support the growth of the flagship, but before that, the market may form a manipulation in the form of a long squeeze. The market is forming consolidation after breaking the local correction against the backdrop of a global bullish trend. Focus on the boundaries of the range. Technically, I would highlight the support of local consolidation and the previously broken trend boundary as two key details that can be used in further trading: 114600, 113300. Behind this zone lies a pool of liquidity, and before a possible rise, the price may try to absorb it... Technically, we are seeing confirmation of a bullish market structure; all that remains is to wait for the appearance of a bullish driver and the market's readiness for growth. Support levels: 114600, 113300, 110700 Resistance levels: 11700, 117860 A false breakdown of support followed by a close above one of the specified zones could attract buyer interest, which in turn could trigger a price increase within the global bullish trend. Best regards, R. Linda!
Long
by RLinda
13