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BTC Eyes New Highs: A Momentum Reversal Indicator PerspectiveAs we step into the final days of the year, all eyes are on the flagship cryptocurrency, Bitcoin ( BINANCE:BTCUSD ). December has historically been a pivotal month for BTC, often setting the tone for the new year's crypto trends. Let’s explore if Bitcoin is primed for a bullish breakout, consolidation, or a reversal as we close out 2024! 🚀 Bitcoin ( BINANCE:BTCUSD ) is gearing up for another potential surge, with the TD Sequential indicator flashing bullish signals across multiple timeframes. This analysis dives deep into the monthly, weekly, and daily charts to pinpoint high-probability entry points and profit targets for swing traders. The Bullish Convergence When we examine the long-term picture, a compelling narrative unfolds. The monthly chart shows a clear transition from red (bearish) to green (bullish) setups, culminating in Green Setup 3 — developing an uptrend with room to run before exhaustion sets in. Zooming into the weekly timeframe, we see a recent Green Setup 3 followed by a brief pullback (Red Setup 1) and a renewed push higher (Green Setup 1). When the Green Setup 1 holds, it confirms the bullish bias and offers an early entry opportunity for swing traders. Finally, the daily chart reveals a decisive shift in momentum. A Red Setup 6, signaling potential downside exhaustion, has given way to a Green Setup 2, confirming the nascent uptrend. Pinpointing Entry and Targets With the bullish backdrop established, let's identify precise entry points and profit targets. Entry : Ideal entry points occur on price flips (e.g., Green 2 closing above Green 1) or breakouts above resistance levels, preferably with Green Setup 2 or 3 on the daily chart for confirmation. Stop-Loss : Place your stop-loss below the nearest support level. This could be the TI Setup Trend Support line on the monthly chart, the recent swing low on the weekly chart, or the Green Setup 1 low on the daily chart. Take-Profit : Aim for Fibonacci retracement levels and resistance lines. On the monthly chart, the target resistance is near Green 8 or Green 9. On the weekly chart, look for prices approaching swing highs or Fibonacci extensions (e.g., 161.8%). Utilize shorter-term resistance levels on the daily chart for partial profit booking. Confirmation is Key While the TD Sequential provides a robust framework, it's prudent to incorporate other indicators for confirmation. RSI : Ensure no overbought conditions exist on the higher timeframes. Bullish divergence on the lower timeframes strengthens the trade setup. Moving Averages : Crossovers like the Golden Cross (50-day MA crossing above the 200-day MA) support a bullish trend. Trendlines : Breakouts from consolidation patterns aligned with TD Sequential signals offer high-probability entry points. The Bold Prediction Bitcoin appears poised for a significant rally based on this confluence of factors. 3-Month Projection : BTC will likely approach or exceed the resistance level corresponding to a Green 8 or 9 on the monthly chart. 6-Month Projection : If the bullish momentum persists, expect substantial upside, with BTC breaking prior resistance levels and testing higher Fibonacci extensions. Potential gains of 15-25% from the current price could unfold. Disclaimer : This article is intended for educational purposes only and does not constitute financial advice. Conduct your own research and manage your risk responsibly before making trading decisions.
BINANCE:BTCUSDLong
by charts-tradingmri
GBPUSD SELL | Idea Trading AnalysisGBPUSD is moving on support zone and and made a head & shoulder pattern The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Short
by TheGrove
16
Euro can fall to buyer zone and then rebound upHello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price a few moments ago broke the resistance level, which coincided with the seller zone and started to grow inside the upward channel. In this channel, the price grew to the resistance line, after which turned around and started to decline in a downward channel, exiting from the upward channel. In this channel, the Euro declined to the seller zone, where it soon broke the 1.0485 level and fell to the support line, but soon turned around and backed up. Next, the price some time traded near the resistance level and later rebounded and made a strong impulse down, breaking the 1.0390 support level, which coincided with the buyer zone, thereby exiting from the downward channel as well. Later Euro turned around and started to grow and some time later reached the 1.0390 level, broke it, and continued to move up. But a not long time ago, the price started to decline, so, for this case, I think that the price can decline to the buyer zone. AFter this movement, Euro will turn around and start to move up to the resistance level from the buyer zone. Therefore I set my TP at 1.0485 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
6
XAUUSD Still IN Range XAU/USD continues to trade within a well-defined range as market participants assess the broader macroeconomic landscape. Key resistance near [ NYSE:X ] and support around [ TSX:Y ] have held firm, reflecting indecision among traders. Gold's price action is shaped by fluctuating risk sentiment, the strength of the US dollar, and expectations around interest rate movements. Without a clear breakout above resistance or below support, the pair is likely to remain range-bound in the near term. Eyes remain on upcoming economic data and geopolitical developments, which could provide the volatility needed to break the current stalemate...
OANDA:XAUUSD
by TradeAdvisory
Trend Shift Confirmation Setup - Eurusd short setupMarket Context: Current Trend: The market appears to be in a bullish phase. Counter-Idea: Following a tap on the Fair Value Gap (FVG) formed on July 18th, a potential shift toward a bearish trend exists. Setup Breakdown: SSR Flip Area: A multi-tested SSR flip zone has been identified around 1.12032, having been tested three times. This indicates a strong potential for selling opportunities. The latest test of this zone occurred on Monday, August 26th, which resulted in a structural shift in the market. This shift has led to the taking out of a daily low, suggesting a reversal in price direction. Entry Analysis: Key areas were initially mapped out on the daily timeframe and then refined on the hourly chart. Previous liquidity areas that align with the current price movement were identified to enhance the entry strategy. Additionally, areas exhibiting the strongest volume were mapped to ensure they are in proximity to the entry zone. The ideal entry point was determined where the breaker block and FVG intersect, creating a confluence of signals. Risk Management: The entry was strategically placed at the middle of the breaker block, FVG, and SSR flip areas. This approach ensures an optimum entry point while managing risk effectively. It is crucial to emphasize that traders should conduct their own analysis before executing any trades. Important Reminder: Risk Management: If you decide to take this trade, be sure not to risk more than 1% of your capital to safeguard your investment. Trading inherently carries risks, so it’s essential to trade wisely and make informed decisions.
Short
by BFUFX_MARKETS
1
GBPJPY ANALYSISHere is our overall view on GBPJPY . After GBPJPY has made a pullback down to our PBA 1 (Pullback Area) , we are seeing more upside on the chart. At this moment we are still extremely bullish on GBPJPY. We are anticipating buys if we break above 199.180 . On the other hand, if we break 197.540 we could go back to our PBA 1 and if we break below, we could see even lower lows . As of now there is no clear indication for buys or sells. We are only entering in the trades if following has happened: Scenario 1 : breaks above 199.180 Scenario 2 : breaks below 197.540 We will be patiently waiting on breaks of our mentioned levels and we will post an update accordingly. KEY NOTES - GBPJPY has made a pullback to our PBA 1. - Break below 197.540 would confirm sells down to our PBA 1 around (195.800). - Break above our KL (199.180) would result in higher highs and confirm buys. - No trade opportunity now, breaks should be waited on. Happy trading! FxPocket
by FxPocket
Gold's Local Minimum: A Magnet for Price Action?So, the trading week is behind us, and it’s time to kick back a bit, assess the price action, and build a trading plan for the upcoming week, keeping the main drivers in mind. Today, let’s focus on Gold. Looking at the COT reports: there’s a divergence between the positions of the Commercials and the movement of the underlying asset. What does that mean? It suggests that hedgers don’t see the need to increase their hedge positions (in the case of Gold, that means short positions). The interpretation here is that there’s a high probability of a correction in the underlying asset. Retail positions show an average aggregated long position around $2707 (according to open-source data). So, for now, the average positions are in the green, which means the bulls are feeling good, but that’s not all... Remember that level $2707; we’ll come back to it later. The options sentiment is mixed, with some repositioning in portfolios targeting both up and down, but with a slight bias. The specifics of these adjustments tell me that a correction is expected, but overall, the options traders still see the trend moving upward. Now, let’s take a look at the chart and summarize. Remember that level $2707 I mentioned earlier? Let’s find it on the chart. Oops... turns out that’s a local minimum. So, here’s the deal: there’s a level with liquidity (open positions + local minimum), in other words, we have a "magnet" that will definitely attract the prices. Personally, I stick to a trading strategy of not trading against the trend, even if a correction is confirmed by my analysis. But for some, that potential downside might look appealing enough to open a short position. Good Luck and Have a Nice Weekend!
OANDA:XAUUSDShort
by ClashChartsTeam
More pain before we SoarHere in this chart, I have mapped out the price points to keep an eye on. I like the 53k-55k range and believe it is extremely bullish for us to stay above it but the longer we linger here... the more likely we are to break down. Down would be to 48k support which is not as strong as some may think. I am still keeping an open mind to the possibility of an event where we don't have a normal cycle that rallies into the next year post-cycle but instead a drastic dip back down to reality at 38k - this is also a worst-case scenario and possibly the disbelief phase of the cycle. Or I can always go with my gut and say that we already had a short-lived bull market these past few years.
COINBASE:BTCUSD
by RetiredNovice
XAUUSD - Today's Setup - 13/09Good morning, Traders! 🌅 If you traded yesterday's 45-minute sell zone, you would have bagged 80+ pips in profit! 💸💪 We're witnessing history with GOLD making a new all-time high (ATH) over $2,500—absolutely incredible! 🚀✨ Right now, the market needs some time to stabilize and fill the upper move created during yesterday's NY session. This is the only buy zone opportunity I'm seeing for the moment. The trend is clear—we’ve broken above the previous ATH, so we might see a pullback as the market confirms this new move. 📉🔄 It’s Friday, so let's keep things simple and secure those profits we've made this week! No need for any drama—keep it safe and steady! 🛡️💼 If you're enjoying my trading style and analysis, feel free to follow and boost this post! Your support keeps me going! 💖🚀 Have a fantastic weekend, everyone! 🎉🌟
FX:XAUUSDLong
by alexm1011
In-Depth Gold Analysis: Market Trends,Price Targets,Key PatternsHello everyone, I would like to share my perspective on gold. Personally, I believe that gold will retest the 2405 to 2415 levels, and then it will start to decline to the first target of 2350, followed by the second target of 2320, and finally the third and final target of 2290. Especially since gold has formed a high(2484) and a lower higher(2431), then broke below the low of the last high it formed(MSS). It is now returning to test the FVG it left behind at the levels of 2405 to 2415. Classically, it is trading within a channel inside another price channel, with its peak approximately at the 2407 level. I expect it to rise to this peak and break through it to draw liquidity up to 2415, and then decline to the levels I mentioned earlier. We can also observe the head and shoulders pattern that has formed, remaining stable below it, with a target of 2290.
CAPITALCOM:GOLDShort
by tameraamr