Demand Zone
✅GBP_NZD LONG FROM SUPPORT🚀
✅GBP_NZD is about to retest a key structure level of 2.035
Which implies a high likelihood of a move up
As some market participants will be taking profit from short positions
While others will find this price level to be good for buying
So as usual we will have a chance to ride the wave of a bullish correction
LONG🚀
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DEVELOPING. NQ 60-min. Long/Bounce.Looking to play tech for a bounce here. Demand Zone is sourced from 60-minute chart within the context of longer-term timeframes. As overarching market structure is somewhat of a concern, look to harvest short-term profits quickly and leave runners for intermediate-term swing long if able. Safety first!
Unlocking the Next Bull CycleBitcoin's journey is often marked by key technical levels, and its monthly chart has a fascinating story to tell. The 0.5 Fibonacci retracement level from the All-Time High (ATH) has historically acted as a formidable resistance. Today, we find ourselves at a crucial juncture, echoing the past. To embark on a new bullish cycle, we need to conquer the 50K milestone.
Historical Significance of the 0.5 Fibonacci Level:
The 0.5 Fibonacci retracement level is a significant technical marker on the monthly Bitcoin chart.
It represents a retracement halfway from the ATH to a significant low, signifying a pivotal point in the asset's price history.
Historically, this level has posed a challenge for Bitcoin bulls, often requiring considerable momentum to breach.
The 50K Milestone:
As we observe the current market dynamics, it's evident that we're in a situation reminiscent of the past.
The 50K level is not just a psychological barrier; it's also in alignment with the 0.5 Fibonacci retracement.
Breaking above 50K could signify a new era for Bitcoin, potentially initiating a fresh bullish cycle.
What to Watch For:
Monitor Bitcoin's price action closely as it approaches the 50K level.
Look for signs of strong buying pressure, increased trading volumes, and positive sentiment in the crypto community.
Be aware of potential retracements or false breakouts; these are common in the crypto market.
The Bigger Picture:
While breaching 50K is a significant milestone, it doesn't guarantee an immediate and sustained bull run.
Consider the broader market context, macroeconomic factors, and institutional involvement in your analysis.
Diversify your trading strategy and have risk management measures in place.
Conclusion:
The 0.5 Fibonacci retracement level has historically held the monthly Bitcoin chart in check. Now, as we approach the 50K level, we stand on the precipice of a potential new bullish cycle. However, history reminds us that we must tread cautiously and stay vigilant.
Breaking through 50K could usher in a wave of optimism, but it's essential to be prepared for various market scenarios. Keep a close eye on the charts, follow market sentiment, and, most importantly, manage your risks wisely.
The crypto market is full of opportunities and challenges. It's a thrilling journey, and every milestone reached is a testament to Bitcoin's resilience and potential for growth. 🌟📊🧐
GOLD Local Bearish Bias! Sell!
Hello,Traders!
GOLD is trading in a downtrend
But made a bullish correction
After which it hit a horizontal
Resistance of 1930$ and is
Already making a move down
So I think that Gold
Will keep falling
Sell!
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Check out other forecasts below too!
#NZDCHF short term buying opportunityprice forming Higher highs and Higher lows in bullish channel and currently testing channel return line which also coincide with 4H time frame #demand area.
Also we have reverse bullish divergence and 30 minutes EMA acting as a Support just below the price.
All together gives confluences for this short term bullish idea
Selling pressure is weaken | Potential LongDaily Chart
Fetch.AI has broken out resistance by descending trend line and gone up to 0.27xx
Now, it's pulling back to support around 0.227x
Chart 4H TF
BINANCE:FETUSDT is trading at 0.232x and in retracement phase.
Fetch has support around 0.227x
Seem selling pressure is weaken that's showed by last 4 candles with long wick
Need to observe what happen around this area
Wait for next move
SRF bouncing from crucial support!Chemical sector has lately showed some good reversal signs.
SRF is one stock which you can keep on your watchlist from chemical sector.
Pin bar candle in weekly TF near support might be a signal of start of uptrend in the stock.
Minimum target can be 2400. SL is below low of pin bar candle or below 2100 WCB.
IDEA IS SHARED ONLY FOR EDUCATIONAL PURPOSES
GBPUSD: Potential Corrective Structure or Technical reboundFrom a technical point of view, FX:GBPUSD pair is approaching a very important support area in short term, if from here some Reversal Pattern will form on intraday chart, it is possible to try to take a long position. If the pair will not form a corrective structure, at least a technical bounce should appear. Be careful, the trend is bearish, do not take a position if a clear signal (Pattern) does not appear, follow us.
Trade with care
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