Bitcoin is trading sideways, while altcoins are struggling, with some down as much as 80%.
What key levels should we watch to spot a potential trend reversal in Bitcoin? And what fundamental factors could drive a bullish shift?
Watch the video to find out!
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The ECB is expected to cut rates by 25 basis points today, with three more cuts anticipated before the end of the year. If they commit to this path and EURUSD breaks below support, the pair could resume its multi-week and multi-month bearish trend.
What's your take on the ECB rate meeting today? Will they remain dovish, or could they turn hawkish despite...
What's next for the Dow, and how can we trade it to maximize our return and reduce our risk?
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Watch out video to learn more.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation,...
Cryptocurrency prices are under significant pressure and could face further declines in the coming days, especially with support levels still out of reach. Altcoins have been hit particularly hard, leaving many to wonder just how much lower the market might fall and whether this presents a buying opportunity. The total market cap currently shows a descending...
NVIDIA is down sharply from Friday's close, roughly 11.5% in the pre-market. What's interesting is that the price is trading below the December 17 low of 126.78, marking a new 2025 low. If the market can't close above126.78 by the end of today, there is a risk that the price continues sliding, potentially down to around 120, and in the worst case, to the September...
Gold prices are set to push higher as the Fed loses the battle against inflation. Watch the video to explore the details and how to enter the ongoing trend.
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Weak US Services PMI lifts EURUSD. How can we trade this news, and what are the levels to target? Watch the video to find out.
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The US dollar index broke out of a 462-day-old wedge pattern in November 2024, targeting 111.93. After triggering the pattern, it retested the breakout and resumed its upward movement. The bullish outlook remains valid as long as the price stays above 105.08.
However, in the short term, traders are watching the 107.22 level, which aligns with the December 20th...
Litecoin has been trading sideways for approximately 48 days, frustrating investors and traders who were hoping for more gains following Trump's return to the White House.
Instead, the price has remained range-bound. However, I see this as a potential blessing in disguise. The price action is currently forming a large ascending triangle, offering two potential...
On January 15, we noted that Bitcoin was stuck in a wedge pattern and suggested that a breakout would increase the price. The price did break out, reaching as high as $109k, just shy of the $113k target. Since then, the breakout point has been tested twice—once on Monday, January 20, and again on Tuesday, January 21. The breakout point is held, and the pattern...
EURUSD has just reached a fresh 2025 high as the Trump administration holds off on implementing tariffs from day one. Instead, they are conducting investigations to determine which countries to target. Mexico and Canada are in the crosshairs, with universal tariffs set to take effect on February 1. The EU is also being scrutinized, and last night Trump said: "The...
Last night, USDJPY traded to a fresh 2025 low as traders bought the JPY ahead of the possible Bank of Japan rate hike on Friday. The central bank is expected to increase rates from 0.25% to 0.5%. The USDJPY trend will remain downwards as long as the price trades below 156.84.
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Gold prices have triggered an ascending triangle pattern with a target of $2862. The pattern will remain in play if the price trades above today's low of $2703.
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EURUSD is up sharply today as the Wall Street Journal reports that Trump will likely not introduce tariffs from day one. Instead, he plans to direct federal agencies to study trade policies, investigate trade deficits, and evaluate relationships with China, Canada, and Mexico.
In recent months, EURUSD had dropped as markets priced in the possibility of...
The EURUSD might rise today, especially if U.S. inflation falls below the 2.9% projection. However, it's important to note that rent has been the biggest driver of inflation over the past two years. U.S. rental market experts predict rent will continue to increase into 2025, driven by low housing supply and high demand.
If inflation is slightly weaker than...
Bitcoin has repeatedly tried to break below the 91k level, confirming a head-and-shoulders pattern, but all attempts, including the latest where the price dropped strongly below the support level, failed.
What pattern could we work with if we are not dealing with a head and shoulders? As it stands, we are now dealing with a falling wedge. The price has bounced...
Ethereum prices seem poised for a potential drop as they carve out a major head and shoulders pattern. Yet for now, the trend has stabilized with a slight bullish bias, as a significant decline has not materialized. If the price holds above $3,090 per coin, it could target $3,396, followed by $3,600.
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