US30US30
Dow Jones
Long Term
Daily Timeframe
US30
Dow Jones
Long Term
Daily Timeframe
US30
Dow Jones
Long Term
Daily Timeframe
AB=CD
Bitcoin - Ultimate bottom will be here, but now 13% crash!The price action of Bitcoin is relatively boring on the higher time frames, why is that? The answer to this question may be that summer is almost here, and statistically, Bitcoin has been going sideways pretty much every summer. Usually, the fun begins in August/September, when the volatility comes into the market.
What can we expect from Bitcoin in the following weeks? I am expecting a 13% crash because we need to hit the major red trendline on the daily chart. This trendline should hold the price of Bitcoin to the end of the bull market, so you want to buy every touch of it! We also have a 200-daily moving average that is currently pretty much at the same price as the mentioned trendline. The 200-MA is considered a strong dynamic support or resistance from huge institutions and hedge funds, so you definitely want to keep an eye on it.
The price of Bitcoin is inside the bullish flag pattern, as you can see on the chart. This is a pretty strong confluence with the trendline to buy cheaper Bitcoin. Right now, I am bearish and expecting lower prices in the next few days and weeks. The bulls still need to show more strength before I can turn bullish. The best option seems to be to be patient and buy at the touch of the major red trendline! You can also place a high-leverage trade here if you trade futures.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
PEPEUSDT PEPEUSDT is showing Bearish divergence at completion of AB=CD place a sell stop at 0.00000962 as it will breaking its Last LH plus trendline
XAUUSD: $2330 area to be filled around! OANDA:XAUUSD
Our last idea on gold turned out to be 700+ pips opportunity, here we have seen some bearish movement that has started happening. There are some areas that needs to be filled around $2330 area which remain a vital key level for buyers. Please use accurate risk management and do your own research.
XAUUSD (GOLD) -Bearish momentum
-Trading on a previous key level
-break above 2350 level indicates reversal momentum
-break below 2350 level indicates a continuation to the down side
XLU ShortXLU high probability Short from here. 100% extension (AB = CD).
Historically pullback whenever RSI is over 75.
BTCUSDT: Drops Towards $53000 region may help us hitting $80000.BINANCE:BTCUSDT price currently in making of AB=CD pattern, it is likely to touch and reject at the $53000 which area remain crucial for most of the swing investors. The following news we can significant impact in the crypto market also 50k to 53k area remain extremely bullish. With accurate entry at 530000 area when we can target 80-100k possibly.
BTC is on consolidation rangeBTC is on consolidation range:
-Down channel consolidation.
-ABCD pattern.
-Demand zone.
-Fibo retracement at 0.618 zone.
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BTC is swinging down, preparing for taking off.
Wait and see.
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US STOCKS- WALL STREET DREAM (My fb Group)
ETH- consolidation for a big runETH- consolidation for a big run
-ABCD pattern.
-Demand zone.
-Fibo 0.618 retracement.
-Candle pattern.
-Volume confirmed.
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US STOCKS- WALL STREET DREAM
(FB GROUP)
ETHUSDT: Possible Swing Target Towards $4500! BINANCE:ETHUSDT
Price is in process of making ab=cd pattern where we have a possible order block placed too at the point of D which is our area of entry. Our initial target is at $3500 and then $4000 and lastly it will at $4500. We can achieve this target by end of this month or next one depending on how other Economic factors interfere with the price movement.
good luck.
Gold Buyers Back in the Fight; H1 Supports Call for AttentionControl changed hands in the gold space (XAU/USD) last week; buyers strengthened their grip, adding +2.5% and snapping a two-week losing streak a whisker off all-time highs of $2,431.
Technicals Favouring Buyers
Last week’s move was (technically) aided by support on the daily timeframe coming in from $2,280, a level which the Research Team were watching closely and recently noted the following (italics):
A move lower will unlikely breach bids from daily support at $2,280, which is an area buyers could look to defend as dip buyers (trend followers) attempt to enter the trend from support.
The above-mentioned support benefitted from a 1.618% Fibonacci projection ratio at $2,293. Among the Harmonic trading community, this is also referred to as an ‘alternate’ or ‘extended’ AB=CD formation. You will note that price has rallied beyond the 38.2% Fibonacci retracement ratio at $2,336, ending the week at $2,371, a 61.8% Fibonacci retracement ratio. Both of the aforesaid ratios are derived from the legs A-D of the AB=CD structure and tend to serve as upside targets for Harmonic traders.
Having seen the AB=CD structure complete (both upside targets achieved) and taking into consideration that the price of the yellow metal remains entrenched within an unmistakable uptrend (no matter which trend identification tool you employ, it all points to the same thing), together with the daily chart’s Relative Strength Index (RSI) rebounding from a combination of the 50.00 centreline and trendline support (extended from the low of 19.33), this remains a buyers’ market. The caveat is the weekly chart’s RSI recently pulling back from overbought highs not seen since mid-2020, though let’s not forget that this indicator can, and often does, remain overbought for prolonged periods in trending environments.
Direction This Week?
Given the bigger picture demonstrating scope to explore higher terrain, shorter-term structure on the H1 timeframe highlights neighbouring demand at $2,347-$2,355 as a possible platform buyers may work with this week. Failure to hold here unearths two additional levels of support to consider at $2,326 and $2,344.
EURAUD - Bullish TradeEURAUD in bearish trend depicted Bullish AB=CD pattern which is indicating bullish trend ahead.
USDCAD - Bullish TradeUSDCAD in bearish trend with bullish AB=CD chart pattern is indicating reversal from bearish to bullish trend at point D.
#GBPUSD: 600+ Pips Selling Opportunity! FX:GBPUSD price fail due to DXY remain extremely bullish, though we thought price would rise up in our 1 hour timeframe and then continue dropping. However, DXY bullishness momentum was extreme and it kept on dropping. We might see some correction where price reaching around price region and then drop from that area.
If you like our work then please do like and comment the idea. Appreciate your support and good luck trading.
GBPUSDDear Traders,
As DXY remain extremely bullish since a week now, price have dropped heavily, in fact more than any other dxy pairs; and there is strong reason behind for it, GBP was dropping due to only economic sides not favouring it. Now, DXY and GBP have started making few corrections in their respective trends. What we are looking at here is a strong possibility of selling big. Therefore, we can identify that area.
GBPNZD: 800+ Pips Possible Buying Opportunity!OANDA:GBPNZD
Price currently at the possible rebound area where we can expect price to reverse from, upcoming weeks expecting GBP to be bullish against NZD. However, first we will have to wait for price to reject and rebound strongly. Based on that you may take entry using accurate risk management. At least eying at 700-800 pips. Good Luck and Trade Safe.
show us some love by liking and commenting the idea. ❤️
BLZ/USDT will obey the ascending triangle!Hi every one
BLUZELLE / TETHERUS
the BLZ/USDT is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD)
note: we should wait for the breaking of the triangle and than make a move!
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
Bitcoin is ready to reach 70k! Here is why.Bitcoin has finished its corrective pattern (ABC ZigZag) and is ready to go higher. My next target is 70k (69577) because we have a 1:1 FIB extension level at this price. Usually this Fibo level is pretty significant; that's why I am expecting a small crash from it, but after that, we should continue much higher, to the 1.618 FIB extension. Of course, we need more information and data to precisely establish long-term targets.
On the chart, we can see 2 parallel channels, the first is larger than the second. The larger one is still valid as the price is inside it, so we can use this knowledge to our advantage and potentially sell/short Bitcoin at the touch of the upper sloping trendline of the ascending parallel channel. But not now, Bitcoin is bullish, so enjoy the ride!
From the Elliott Wave perspective, I also have to be bullish because I see the dream setup of every Elliott Wave trader. What you want to do is catch the 3rd impulse wave and ride it until the end before the 4th corrective wave occurs. Basically, you want to trade a breakout of the 2nd wave or catch the bottom of the 2nd wave with the Fibonacci retracement tool.
Let me know what you think about my analysis in the comment section, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
PERPUSDT impulse or triangle into 400%On the higher time frame, we have failed to go back into the range value from May 2022 to Jan 2024
On the medium time frame, we have entered into the range value of from Jan 2024 to April 2024. This attracts a rotation to its value POC or VAH. The said range can also be said as an ABC correction and we are ready for a wave 3 impulse.
Currently we have the range's VAL as a support which currently, a wave 3 impulse is more probable. If we lose the VAL as a support we will be looking forward to see the 5 wave triangle.
However, I am looking forward to the higher time frame trade.
On the PERPBTC chart we have made an actual spring, confirming we are ready to rotate from the range value
This is a long opportunity for both short and long term trade.
One and only invalidation is having 0.98 back as a resistance
Bullish triangle must have its subwave 4 on 0.98 as a support
XTIUSD(CRUID OIL/US OIL): A big move in making worth 2300+ pips!Dear Traders,
Oil completed AB=CD pattern and it is in course of big bullish move. We need more liquidity and volume for price to continue the growth. In coming days, we expect price to hit 85 first and then 90; if price breakthrough that region then we will have a strong bullish price movement which will lead price to hit our final target.
Good luck and happy trading.
XAGUSD bullishSilver made a harmonic pattern ABCD. And as we know D is the reversal point and after reaching point D the silver start making higher highs and higher lows (Dow theory)
OILUSD bearishOILUSD is making bearish harmonic reversal pattern ABCD. As the chart is point C which is the retracement point, short it towards the point D and at D point we might see a bullish breakout.
AUDUSD: Encounter A Strong Selling OpportunityDeal Colleagues,
FX:AUDUSD price have rejected at the rejected counter of times in 3 days timeframe. It shows sellers will be positioning in coming days. While we also expecting USD to become extremely bullish in coming days. While AUD expected to remain bearish. Remember to use proper risk management.
