BTCUSDT, What will happen in upcoming weeks ?Hello Traders, Hope you're great.
for Upcoming weeks, I anticipate 2 Bearish scenarios :
In First Scenario, I expect price goes to the demand zone at first and does an upward correction to supply zone around 104-108K and after that starts to drop below 90K.
in Second scenario, I expect price does an upward movement and goes to grab liquidity above 110K and after that starts a major fall and drops to below 80K.
Targets have determined by Blue dashed lines.
and finally tell me what do you think about BTCUSDT, UP or DOWN ? comment your opinion below this post.
Beyond Technical Analysis
XAUUSD Trend Today - Pullback?Gold news:
🔆Gold prices hovered below a record high of $2,956 during the Asian session. The rally continued as the dollar weakened and US Treasury yields fell 0.43%. At the time of writing, XAU/USD was trading at $2,948.6.
🔆Gold prices have been rising for the past eight weeks, driven by the largest net inflows into gold-backed ETFs since 2022
🔆While XAU/USD is likely to hold at all-time highs, it appears that buyers have been hesitant to push prices higher, with price action showing signs of losing momentum.
🔆Technically, the daily RSI indicator is showing a divergence that could signal a pullback. However, the RSI is still in overbought territory, so further consideration is warranted.
Personal opinion:
🔆Gold will have a period of decline to accumulate and then continue the main uptrend.
🔆Note: in case of new news about Trump's tariff policy or war fluctuations, we will consider first.
Technical analysis:
🔆Based on important resistance - support levels and Fibonacci levels combined with EMA indicators to come up with a suitable strategy
Plan:
🔆 Price Zone Setup:
👉Buy Gold 2917 – 2920
❌SL: 2912 | ✅TP: 2925– 2930 – 2940
👉Buy Gold 2938 – 2940(Scalping)
❌SL: 2933 | ✅TP: 2945– 2950 – 2955
👉Sell Gold 2970 – 2972
❌SL: 2977| ✅TP: 2965– 2960 – 2950
FM wishes you a successful trading day 💰💰💰
BTC - Beartrap??Comparing btc range to Wyckoff I would lean more towards distribution tbh..
Re-accumulation usually follows after a downtrend, in this case the range has been a "pause" during an uptrend movement.
While distribution follows a "mark-up" phase..
Not calling on $78 - 70k as yet but we need to stay grounded here and discuss these possibilities.. To make the best trading decisions going forward.
Link attached for those seeking a deeper understanding of the Wyckoff theory..
There is a strong possibility that this is a "bear trap" scenario but in that case we would need to see the weekly close above $91300 imo.. Would be even better if we close the daily back inside the range..
So far the price has shown a decent reaction off the 1.13 Fibonacci extension area which would be the perfect area for a "failed wave" / beartrap to trigger more shorts then run back up and go on a massive liquidation spree.
February has been an interesting month, will we see another historical liquidation event by running back up and taking out shorts?
Currently around $5 Billion worth of liquidations towards the $100k range..
GBP/USD HOLDS ABOVE 1.2600 AMID CAUTIOUS MARKETSGBP/USD holds steady above 1.2600 in European trading on tuesday,helped by a fresh bout of Us Dollor Selling even as markets remain cautious amid trade war fears.Atention turns to BOE chief Economist pill's speech and US consumer Confidence data for further impetus.
GOLD ShortAfter taking the highs of the last ATH, price supply came in strongly faking the breakout, price has a higher chance for retracing , before considering moving up, or down if the break of the wedge is very strong otherwise it may be a fakeout to continue to the upside reaching 3000$.
Short to the 2908 key level.
BTC TodayAfter creating extreme liquidity above today's low, this demand zone could be a good entry for later. This model 2 would only be correct if the range high does not get taken out before we got a third tap. If this plays out as planned i look for a BOS down there. Coming down one more time for a model 1 inside the deviation limit would also be fine.
Buy Gold The Grok AI controversy has minimal direct impact on gold prices. However, if it leads to broader market uncertainty or tech sector instability, investors might seek gold as a safe haven, potentially driving prices up. For now, gold remains stable, so no strong buy/sell signal solely based on this event. Keep an eye on broader market trends.…so we can look on a potential short term sell thus, an accumulation phase
Sell GoldThe Grok AI controversy has minimal direct impact on gold prices. However, if it leads to broader market uncertainty or tech sector instability, investors might seek gold as a safe haven, potentially driving prices up. For now, gold remains stable, so no strong buy/sell signal solely based on this event. Keep an eye on broader market trends.…so we can look on a potential short term sell thus, an accumulation phase
$MOBILE finally immobilized at the bottom, reversingSEED_DONKEYDAN_MARKET_CAP:MOBILE has been going down, and down, and down some more, and just when you thought it was done going down, it went down again…
Take a look at the distinctly new pattern...
Finally, higher lows are appearing... You may be about to see the first higher high.
I'm so sure that this distinctly new pattern is decidedly a bottom, I bought in at .000485.
I'm projecting a first SHORT TERM/SWING TRADE selling price of .000660, with re-buy as depicted on the chart.
I believe that this is the real bottom reversal, finally, once and for all, and now it might end up being among the most highly valued tokens in the crypto world - after it explodes, of course - which will now likely begin…
How long will it take? Perhaps not long enough if you don't Mobilize a bag now...
CRYPTO:MOBILEUSD
But don't take my word for it, this isn't Reading Rainbow, nor investment advice - do your own research, and CY your own A.
Addendum: I'm looking at this through the eyes of a short term swing trader, you can ignore my take profit and re-buy zones unless you're trying to dance with the chart. All the Investor-types love this token long-term.
BTCUSDTHello Traders! 👋
What are your thoughts on BITCOIN?
Bitcoin is still ranging and has not managed to break out of its consolidation zone. As long as the price does not close above the resistance level, we cannot expect further upward movement.
Here are two possible scenarios:
1.Bullish Scenario: If the price successfully breaks the resistance level and closes above it, we can anticipate a continuation of the uptrend.
2.Corrective Scenario: This scenario seems more likely, where the price retraces back to the support zone before initiating another upward move.
A confirmed breakout above resistance would signal further growth, but until that happens, a return to support remains the more probable scenario.
What’s your view on Bitcoin’s trend? Do you find the second scenario more likely?
Don’t forget to like and share your thoughts in the comments! ❤️
SOL/EUR going further down to 130€ !Will solana plunge further down to reach a key resistance ? That's what I believe will happen, the chart is pretty self explanatory as usual. Solana needs to go down a little more before rebouncing.
This should happen very soon , I am writing this the 21st of february , i am pretty confident this will happen in the next few days. If solana doesn't retest 130€ beofre march then we can assume the down trend is over and we're going "to the moon" again
Possible SELLSThe market is currently looking very bearish at the moment. What i would be looking for today is sells based on the current market conditions. There is a FVG on the 2H time frame which i would be looking to enter. Reason for this is because there is liquidity sitting above and i want it to be taken out first before we enter. This will be a form of manipulation to the upside causing most people to buy. TP is 4 Feb 2025 low.
GOLD 1-hour timeframe. Here's a breakdown. check idea This chart represents the price action of Gold (CFDs) on the 1-hour timeframe. Here's a breakdown of its meaning:
1. Trend Analysis
The chart highlights two previous price channels:
A bearish channel (left side) that ended in a breakdown, leading to a sharp drop in price.
A bullish channel (middle section) where the price recovered and moved upward.
After this movement, the price entered a sideways consolidation phase, as seen on the right side of the chart.
2. Key Levels
Support at 2,928.709: This level has acted as a floor where price has bounced multiple times.
Resistance at 2,942.358: This level is capping further upside movement.
3. Potential Market Scenarios
If the price breaks above 2,942.358, it could trigger a bullish continuation.
If the price breaks below 2,928.709, a bearish move may follow.
4. Trading Implications
Traders might look for confirmation signals at these levels to decide whether to enter long or short positions.
A breakout could offer momentum trading opportunities, while a failure to break might suggest more consolidation.
Would you like to discuss potential trade setups based on this chart?
TSLA - Predictable as always. Just look for the controlled liq!We've done this countless times on this stock. I didn't touch this while we were shooting up post elections because of the "meme" factor behind Elon and all that. But once basic market dynamics came back into play, we've had at least 2 golden opportunities to play this name and they proved very successful. So going forward we're looking for a similar play!
Happy Trading :)
A gap that was never filledLet me preface this discussion with the fact that I'm a beginner and this might have already got hashed out. Historically gaps in the charts almost always get filled. Back in November of 2023 on the 13th to the 14th the price jumped and created a small but noticeable gap, this gap has not yet been filled by the price action. Id like to hear opinions on what you guys think might happen with our current price action. Will we see a massive drop in the S&P back down to fill this gap or has inflation essentially nullified this gap?
Bitcoin Price Analysis: Key Support at $86K – Will BTC Rebound?Bitcoin Price Analysis
1. Market Structure & Trend
The chart indicates a descending trendline, signaling a bearish market structure.
Price action is approaching a major support zone (~$86,000 - $88,000), highlighted in green.
The latest sharp drop suggests high selling pressure, but the support zone could act as a demand area where buyers may step in.
2. Key Support & Resistance Levels
Support Zone: $86,000 - $88,000 (green area).
Immediate Resistance: $90,000 - $92,000 (descending trendline).
Breakout Target: $96,000+ if Bitcoin breaks the trendline.
Read more: www.oxifinance.com