Bullish Patterns
Bitcoin Reversal? Demand Zone Holding Strong!
BTCUSD has shown a strong reaction to the Demand Zone, indicating potential bottom formation. The price has tested this level multiple times, suggesting institutional interest and a possible bullish reversal.
🔹 1.272 | Conservative Takeprofit → 116,847.33 USD (+19%)
🔹 1.618 | Most common Takeprofit after retracement → 123,783.73 USD (+26%)
🔹 2 | Strong uptrend Takeprofit → 133,358.11 USD (+36%)
With a favorable risk-to-reward setup, Bitcoin could be positioned for a significant upward move. Will BTC reach these Fibonacci targets? 📈
What’s your view on this setup? Drop your thoughts in the comments! 👇
USOIL LONG FROM SUPPORT
Hello, Friends!
We are going long on the USOIL with the target of 75.80 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal.
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GBP/JPY SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
It makes sense for us to go long on GBP/JPY right now from the support line below with the target of 193.736 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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ACT ANALYSIS📊 #ACT Analysis
✅There is a formation of Descending Channel Pattern in daily chart. Currently #ACT is in bearish way.
After a breakout of the pattern and major resistance level we would see a bullish momentum otherwise the price will drop more 🧐
👀Current Price: $0.1968
⚡️What to do ?
👀Keep an eye on #ACT price action and volume. We can trade according to the chart and make some profits⚡️⚡️
#ACT #Cryptocurrency #Breakout #TechnicalAnalysis #DYOR
Gold is Holding the the bullish Pressure! Price moved bullish yesterday then stalled during NY session and ended up pulling back for the rest of the day. As we come into Asian session for a new day the question is will they retrace to give a low entry or just run and gun it out the gate? We just have to be patient and wait for it.
BTC Correction Nearing Key Support – What’s Next?Bitcoin has been in a corrective phase over the past two days, retracing from recent highs and approaching critical support levels. Let’s break down the current market structure and identify potential trade opportunities based on confluences from multiple technical indicators.
Key Support and Resistance Levels:
1. ) Golden Pocket Zone – $95,535 to $94,994
The 0.618 Fibonacci retracement is a widely recognised level where strong reactions often occur.
This level aligns with a previous consolidation zone, making it a key demand area for potential long entries.
A bounce from here could indicate that bulls are regaining strength.
2.) Deeper Support – 0.786 Fib, Monthly Order Block, and Yearly Open (~$93,576)
If the golden pocket fails, the next key area of interest is around $93,576.
Here, we see confluence with:
The 0.786 Fibonacci retracement, often the last strong retracement before a reversal.
A monthly order block, which has previously acted as a strong support area.
The yearly open, a crucial psychological and technical level that often holds significance throughout the year.
3.) Next Major Support if Yearly Open Fails – $88,000 to $86,000 (Swing Low & Weekly Support Zone)
If price drops below the yearly open with confirmation of bearish momentum, I would look for the next buying opportunity at the swing low or weekly support zone, highlighted in the yellow box around $88,000 to $86,000.
This area holds strong confluence as a higher timeframe support level, making it an attractive zone for potential accumulation.
4.) Resistance Levels – Open Price and Psychological Barrier at $100K
$97,700 – This is the weekly open resistance level. If BTC struggles to reclaim this level, it could indicate further downside.
$100K – A major psychological resistance where sellers could step in. Breaking and holding above this level would be a strong bullish signal.
Trade Setups Based on Current Structure:
1.) Long Trade Setup – Golden Pocket Zone ($95,535 - $94,994)
Entry: Between $95,535 and $94,994 (Golden Pocket Zone)
Stop Loss: Below $93,500 to protect against further downside
Take Profit 1: $97,700 (weekly open resistance)
Take Profit 2: $100K (psychological resistance)
2.) Deeper Long Setup – If 0.618 Fib Fails ($93,576 - Yearly Open Zone)
Entry: Around $93,576 (0.786 Fib + Monthly Order Block + Yearly Open)
Stop Loss: Below $92,000
Take Profit 1: $97,700
Take Profit 2: $100K
3.) Alternative Long Setup – If Yearly Open Breaks ( FWB:88K - $86K Zone)
Entry: Around $88,000 to $86,000 (Weekly Support Zone)
Stop Loss: Below $85,000
Take Profit 1: $93,500 (yearly open retest)
Take Profit 2: $100K
Final Thoughts:
Bitcoin’s current structure suggests a healthy correction within a larger uptrend. The golden pocket ($95,535 - $94,994) remains a key level for potential long entries, while a failure to hold here could see price testing the $93,576 region. However, if price drops below the yearly open and confirms bearish momentum, the next major buying opportunity lies at the Swing Low or Weekly Support Zone at $88,000 - $86,000.
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LINK Long Spot OpportunityMarket Context:
LINK has retraced into a major support zone, setting up a potential retest and bounce. Given its historical price behavior at these levels, this provides a strong risk-to-reward opportunity for a long spot position.
Trade Details:
Entry Zone: $14.50 - $16.50
Take Profit Targets:
$19.40 - $21.50
$27.00 - $30.00
Stop Loss: Just below $12.00
This setup aligns with historical support zones and potential continuation of the uptrend. Manage risk accordingly and stick to the plan! 📈🔥
SOL Long Spot OpportunityMarket Context:
SOL has retraced to the bottom of its range support, offering a favorable entry for a long spot trade. Given its strong trend, this could be a high-probability setup for continuation to the upside.
Trade Details:
Entry Zone: $160 - $180 (bottom of range support)
Take Profit Targets:
$200 - $225
$260 - $275
Stop Loss: Just below $155
This setup provides a strong risk-to-reward ratio, with price consolidating near a key level before a potential breakout. Manage risk accordingly and stay disciplined! 📈🔥
EUR/AUD BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
EUR/AUD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 2H timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 1.665 area.
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FARTCOIN 4H After selling off heavily from the high FARTCOIN is starting look stronger at these areas.
Price has broken out of the diagonal downtrend resistance after sweeping the KEY S/R LEVEL demand zone. Now retesting the breakout for support, if it holds then a move towards the LOCAL HIGH BEARISH OB is the next aim for bulls.
After that a progressive HL & HH structure is needed to work up to the TP targets at significant levels later on.
Overall good R:R at this level from a chart TA perspective, my worry is that currently memecoins are out of favor because of the sell off so keeping an eye on sentiment would be important.
EUR/JPY BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are targeting the 163.408 level area with our long trade on EUR/JPY which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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EUR/CAD BULLS ARE STRONG HERE|LONG
Hello, Friends!
EUR/CAD is making a bearish pullback on the 10H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.496 level.
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WED: CLASSIC BUY DAY - $2850s RANGEAs illustrated, im trying to visualize a bullish classic buy day, where price manipulates under consolidation area that is formed during SYDNEY .
The manipulation should occur between 02:00 AM and 03:00 AM NY , during ASIA'S algorithmic price delivery macros.
Should there be a "V" SHAPE formed between that time window , that would indicate that a manipulation took place, and price closed BACK INSIDE SYDNEY'S RANGE (Early hours of Asia's Low).
In other words, ASIA creates a range during its OPEN, and manipulates it mid-session.
That would hand off price to LONDON at a point in which:
A) It makes a re-test of Asia's manipulation low.
B) It FAILS TO HOLD and breaks even lower (manipulating further down).
C) It starts the distribution phase of such manipulation, breaking ASIA'S HIGH.
Regardless London's behavior, ASIA'S LOW MUST HOLD AND BE EVIDENT, marking the low of the day. That being said, IF LONDON DOES NOT START CLOSING BULLISH DURING IT'S FIRST TRADING HOURS, that could mean NY is likely to SELL OFF...
HOWEVER, if London HOLDS ASIA'S RANGE and respects the "V" SHAPE (which IS ALWAYS EVIDENT), then it is likely for NY to open strong to the upside to distribute and potentially driving the market near the $2850s new ATH range.
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GOOD LUCK!
USDJPY Is Nearing An Important SupportHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 153.900 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 153.900 support and resistance area.
Trade safe, Joe.
ETH - One More, No More!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 ETH has been bearish trading within the falling channels.
🏹As ETH is hovering around the lower bound of the channels, which lines up perfectly with the $2,500 round number, it would be an attractive zone (at least for me) to look for longs.
🏹On the other hand, for the bulls to take over long-term, a break above the upper trendlines and $3,000 round number is needed.
For now, we wait! ⏱️
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
1:2 RR made on EURCAD, but now what? I was hoping for more... The CAD fundamentals are very poor, and inflation is currently under control, so the Bank of Canada may continue to cut rates.
I'm not keen on buying the EUR. However, this trade is based on CAD weakness and strong EURCAD price action, more than a stronger euro. But, hey, Euro Area inflation is climbing and above target, so the ECB's rate-cutting cycle may be over.
I want to go long again. OANDA:EURCAD is clearly up-trending within a bullish channel on the weekly. However, it is ranging and choppy on the daily. The 4-hour may become oversold, which may provide an opportunity.
I guess it's a waiting game...
Crypto Market Is Still Bullish Despite A New Sell-OffCrypto market faced some deeper decline, but still looks like a complex W-X-Y correction in wave 4 within a bullish trend for wave 5. A drop came from a stock market slowdown due to end of the month flows last week on Friday and due to US tariffs. However, now that US tariffs for Mexico and Canada are delayed, we can see a strong stabilization and recovery, which can be an indication for a bullish continuation within a new five-wave bullish cycle for wave 5, at least for the first half of 2025.
GOLD Setting up for a nice run!Now that we are in a new week and new month it looks like its setting up for a big move. Just have to wait for the killzones for a solid entry. I just need to see it fill in some gaps. Waiting for the Asian range but it looks like it might be bearish until the London session. For London we could see a sweep and then aggressive push to go bullish. We just have to wait and see.