BITCOIN- MONSTER ORDERS IN THE BOOK -> You Know What This Means COINBASE:BTCUSD “Monster orders” are exceptionally large buy-limit orders clustered roughly 7 % beneath the current market price.
Large buy-limit walls can act like a price magnet—deep liquidity attracts algos and traders hunting fills, often pulling price straight toward the level.
Once the wall absorbs the selling pressure, the magnet flips: liquidity dries up, supply thins, and price can rip away from that zone with force.
They create a visible demand wall in the order book, signalling that whales / institutions are ready to absorb a dip and accumulate at that level.
Price will often wick into this zone to fill the wall, then rebound sharply—treat the 7 % band as potential support or entry.
Such walls can act as liquidity traps : market makers may push price down to trigger retail stop-losses before snapping it back up.
Confirm that the wall persists as price approaches and that spot + derivatives volume rises; if the wall disappears, it may have been spoofing.
Always combine order-book context with trend, momentum and higher-time-frame support for higher-probability trades, Just like the extremely powerful indicators on the chart.
🚀 Marty Boots | 17-Year Trader — smash that 👍, hit LIKE & SUBSCRIBE, and share your views in the comments below so we can make better trades & grow together!
Community ideas
End-of-Session Market ReviewToday was a solid trading day with some interesting moves across the markets:
S&P 500: The market trended upwards from the open, gradually moving into and above the prior day’s value area, closing near the high of that range.
NASDAQ 100: After some initial back-and-forth, it climbed above the prior day’s high and value area, showing strength into the close.
Russell 2000: This market was quite choppy and balanced for a good part of the session, but eventually pushed up to close near the prior value area high.
Gold: It stayed range-bound, moving between the CVA high and the prior day’s value area without breaking out.
Crude Oil: We saw a significant drop right from the start, with prices falling about 1.5 points and ending the day lower, though still within the prior day’s range.
Euro Dollar: It tested the CVA low, dipped below the prior day’s low, and then bounced back to close around that level.
Yen Dollar: It started near the prior value area low, accepted below it by midday, and remained balanced in that lower range.
Aussie Dollar: Initially, it held above the CVA area and tested a higher level before sharply dropping below the prior day’s low and then balancing in that lower area.
In total, I took eight trades today. Two of them were in the Yen, both valid setups that didn’t work out and ended in stop-outs. I also took some long trades in the Aussie Dollar that I probably could have avoided since the market was choppy.
On the positive side, I managed risk well and ended up with two winning trades that put me in the green by about $1,200. Overall, I’d rate today as an A- day. Moving forward, I’ll focus on staying out of choppy markets, paying attention to the developing value area, and possibly using Heikin Ashi bars for better clarity.
Bitcoin Skyrockets as Everyone Now Wants a Piece. What Happened?If you took a few days off last week and went to get coffee this morning, you likely missed Bitcoin torching its all-time high and soaring into the uncharted.
The world’s most popular digital asset took off in an unstoppable rocket ride, smashing records so fast that even the always-wired-in day traders couldn’t keep up.
Bitcoin BITSTAMP:BTCUSD blasted through $122,000 Monday morning after gobbling up sell walls at $120,000 and $121,000 in less than one hour. That’s not a typo.
That’s an actual snapshot of what happens when you mix onchain whale movements, fresh institutional FOMO, and traders rediscovering their appetite for risk. Billions upon billions swirled up and Bitcoin passed $2.3 trillion in market cap (ref: our Crypto Heatmap ).
🙌 Bow Down Before the King
Bitcoin has officially reminded every altcoin who wears the crown when markets go haywire. While some tiny tokens get to pump 100% on hype alone, Bitcoin does it with the weight of its market cap behind it — which now surpasses the GDP of entire countries.
Its dominance share has climbed back above 64%, a level we haven’t seen since the last time crypto Twitter argued whether “flippening” would happen by next Thursday (spoiler: it didn’t, and we mean 2021). And right now, all eyes are pinned on that round, meme-ready milestone: $125,000 or even $150,000.
Why these levels? Because traders love round numbers. They’re clean, symbolic, and if that next ceiling shatters, the chain reaction of liquidated shorts and new leveraged longs can turn an orderly bull run into pure market mayhem.
📈 Institutional Hoarding: The Secret Fuel
If you think this is just retail traders YOLO’ing in from their parents’ basement, think again. Onchain data showed earlier this month that this moon mission was being quietly underwritten by the big boys — institutional funds, overflowing Bitcoin ETFs , and corporate treasuries that once scoffed at Bitcoin as “magic internet money.”
Does this mean Bitcoin is becoming boring? Not quite. It means the foundation for this rally is sturdier than the TikTok-fueled moonshots of yesteryear. Think steady inflows, regulated vehicles, and balance sheets that no longer flinch when they see “digital assets” on a line item.
👀 So, Why Now?
Bitcoin doesn’t need much of a reason to get volatile — you know that. But a few more stars than usual aligned to give this surge its lift-off moment.
First, the macro backdrop: US inflation is at 2.4% (next ECONOMICS:USCPI report coming Wednesday, pay attention to the Economic Calendar ), which makes a Fed rate cut more likely later this year.
Lower rates mean cheaper dollars, weaker bond yields, and renewed appetite for risk assets. Oh, and don’t forget about gold OANDA:XAUUSD — the OG “no yield, no problem” hedge.
Second, corporate treasuries are all-in on Bitcoin again. If Michael Saylor’s Strategy NASDAQ:MSTR (formerly MicroStrategy — we all know what business they’re really in) keeps adding coins and onboarding new public companies like GameStop NYSE:GME , you know the institutions smell long-term value. Add Trump’s full-throated crypto endorsement and you’ve got a narrative tailwind no trader wants to miss.
🥂 Record Highs Everywhere — COINcidence?
Now let’s go back to those aligning stars. Bitcoin’s fresh all-time high didn’t happen in a vacuum. The S&P 500 SP:SPX , the Nasdaq Composite NASDAQ:IXIC , and Nvidia NASDAQ:NVDA — the world’s most expensive company — all clocked record closing highs last week.
So, is this a “rising tide lifts all boats” moment? Or are we partying on borrowed time? Equities are riding a wave of hope that the Fed will start easing soon, and any whiff of a rate cut is pure oxygen for risk assets.
But seasoned traders know that record highs can sometimes be the most dangerous places to FOMO in. Ask anyone who went all-in on dot-com stocks in 1999.
🏹 Eyes on the Big 120K — Will It Hold the Line?
Short-term, the $120,000 milestone is the line in the sand everyone’s watching. Break it decisively, see if it holds above it for a week or so, and the floodgates of speculative capital might open for another leg higher. Stall out below it? You could see a healthy round of profit-taking and some bruised egos during quiet dinners.
Macro factors will loom large: the Fed’s policy meeting, surprise tariff talks from the White House, or an unexpected bout of inflation could swing sentiment overnight. But for now, the mood is simple: bullish, frothy, and more than a little bit greedy.
💭 Final Take: From Moonshots to Maturity?
The shift from whales to suits means fewer wild swings but steadier institutional demand. The days of “Lambo tomorrow” might be giving way to “slow grind higher for the next 5 years.” For the retirement portfolio, that’s not the worst outcome.
For the traders who crave the adrenaline, there’s still plenty of room to catch the waves — just don’t expect them to come as easily or as frequently as they did in the wild west days.
📢 Your Turn: Moon or Swoon?
Over to you: is Bitcoin ready to break out above $125,000 and send shorts scrambling for cover? Or is this just another overbought stall before a healthy pullback?
Either way, grab your popcorn — and your stop-loss — because if there’s one thing crypto never does, it’s sit still for long. Drop your hot take below — and may your diamond hands be stronger than your coffee.
ETH/BTC: Golden Cross Reloaded?This is ETH/BTC on the daily chart.
A major event is about to unfold: the golden cross, where the 50MA crosses above the 200MA.
The last time this happened was in early 2020, around the same price zone, right after a bounce off the 2019 low double bottom and a rejection from the 0.5 Fib level, which sits halfway between the 2019 low and the 0.786 Fib.
In 2025, we’re seeing a strikingly similar pattern:
– Price bounced off the 2019 low
– Got rejected again from the 0.5 level
– And now appears to be gathering strength to flip that level and the 200MA to confirm the Golden Cross
Always take profits and manage risk.
Interaction is welcome.
While You Were Watching NVIDIA, Oracle Quietly Ate the BackendEveryone's chasing the AI hype but Oracle is one of the only companies selling the picks and shovels behind the scenes.
While headlines focus on NVIDIA, Meta, and ChatGPT, Oracle has been building the back-end massive AI-ready data infrastructure, hyper scale cloud partnerships, and GPU clusters feeding OpenAI and Nvidia workloads directly.
This isn’t some pivot or marketing gimmick Oracle Cloud Infrastructure (OCI) is quietly powering the largest LLMs in the world. And Wall Street is only beginning to price that in.
Why Oracle’s Move Is Just Getting Started
1. AI Cloud Infrastructure – Not Just Software
Oracle Cloud Infrastructure (OCI) is integrated directly into OpenAI, NVIDIA, Microsoft, and Cohere LLM workflows. Ellison confirmed that AI demand on Oracle’s cloud is now booked out for years, including custom GPU clusters. OCI outperforms AWS in specific AI workloads at a lower cost. That’s a disruptor narrative in itself.
2. Earnings Momentum + Smart Money Rotation
Oracle just printed double-digit YoY cloud growth, increased margins, and committed billions in CapEx classic early-growth behaviour. It’s now a value + AI hybrid, attracting funds rotating into defensible, profitable AI infrastructure plays.
3. Stage 2 Breakout – Repricing in Motion
ORCL broke above its 2021 all-time high ($188) with conviction. Stage 2 began around $195–200, with high volume + range expansion. This is a textbook Stage 2 expansion phase not a short squeeze, not a blow-off top. Monthly structure confirms 23+ years of consolidation is complete.
Technical Markup Summary
- Stage 2 Breakout Level - $195–200
- Support Zone (Prior ATH) - $185–190
- Volume Confirmation - Highest range + volume since Dotcom era
- Current Price Action - Early parabolic expansion = healthy trend
Projected Price Targets
- TP1 $275 Fib 1.618 + round number magnet
- TP2 $310–320 Revaluation zone if earnings accelerate
- TP3 $420+ AI AWS narrative fully priced in
Why This Isn’t a Late Entry
Most traders wait for headlines and miss the Stage 2 phase, which is where real money is made. Oracle is now being repriced for the role it’s actually playing in AI not just as a legacy tech name, but as a global infrastructure layer. This breakout isn’t the end it’s the beginning.
Oracle is no longer just “that enterprise database company.” It’s becoming a core infrastructure provider for the AI era, with multi-year demand, sticky revenue, and strong technical structure.
If you missed NVIDIA’s early breakout this may be your redemption arc.
Defined support at $190
Open runway to $275+
This is a swing-to-position hold for high-conviction players. What's your thoughts?
NSDQ100 Bullish breakout retest?Donald Trump escalated trade tensions again, threatening a 35% tariff on Canadian goods shortly after reopening trade talks, and floated doubling global tariffs to 20%. This reinforces his aggressive protectionist stance and puts renewed pressure on allies like Canada and Vietnam, the latter blindsided by a 20% levy. Meanwhile, US-China relations may be entering a critical phase, with a possible Trump-Xi summit hinted at by Marco Rubio during talks in Malaysia.
On the geopolitical front, Trump is signaling a harder line on Russia, previewing a “major statement” and backing expanded sanctions as the US sends more weapons to Ukraine. This raises global uncertainty, especially for energy and defense sectors.
Conclusion for NSDQ100 trading:
Rising trade tensions and geopolitical risks may dampen market sentiment and lead to volatility in tech-heavy Nasdaq stocks, particularly those reliant on global supply chains. While traders have grown numb to tariff talk, the cumulative pressure suggests a downside risk is building. In the short term, maintain a cautious stance—watch for potential pullbacks and heightened intraday volatility as policy clarity remains elusive.
Key Support and Resistance Levels
Resistance Level 1: 22940
Resistance Level 2: 23060
Resistance Level 3: 23180
Support Level 1: 22410
Support Level 2: 22300
Support Level 3: 22130
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Airbnb: Downtrend Set to Resume SoonSince our last update, Airbnb has experienced a rebound, which diverted the stock from the anticipated sell-off. However, the price is expected to soon resume its downward trajectory and, as the next key step, break through support at $108.60. This move should complete turquoise wave 3, with all subsequent waves of this downward impulse likely to unfold below this level. Ultimately, the stock is expected to finish the broader correction of the beige wave II.
📈 Over 190 precise analyses, clear entry points, and defined Target Zones - that's what we do.
A bit of profit taking on NVDA and then up again?NASDAQ:NVDA is the most talked about and everyone is capitalizing on that. Let's take a look.
NASDAQ:NVDA
Let us know what you think in the comments below.
Thank you.
75.2% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
GBP/AUD - Bearish Flag (10.07.2025)The GBP/AUD Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Bearish Flag Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 2.0671
2nd Support – 2.0607
🎁 Please hit the like button and
🎁 Leave a comment to support for My Post !
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI_TA_TRADING
Thank you.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Let’s talk about technical analysis & stops.Technical analysis is not your decision-making process — it’s a tool to help you structure better trading decisions by studying past price movements to anticipate likely future moves.
👉 Every time you look at a chart, you should decide:
✅ Do I want to trade at all?
✅ What’s my entry?
✅ Where’s my stop (when does my thesis fail)?
✅ What’s my target (where will I take profits)?
________________________________________
🛑 Where to put your stop?
Take the S&P 500 daily chart. It’s been trending up strongly. Many traders use an exponential moving average (EMA) as a dynamic stop.
But:
• A 9 EMA often stops you out too early on strong trends.
• Adjusting to a 15 or 16 EMA could keep you in the trade longer, letting your winners run.
In tools like TradingView, you can visually adjust the EMA and see in real time how it would have kept you in or taken you out.
________________________________________
💡 Key takeaway:
When price closes below your EMA stop — that’s your signal to exit and lock in profits.
Use TA to structure your trades, not just spot pretty patterns.
________________________________________
💬 What’s your favourite method for setting stops?
Disclaimer:
The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
Eth $2,500 Resistance — Will Harmonic Pattern Trigger a Rally?Ethereum Stuck at $2,500 Resistance — Will Harmonic Pattern Trigger a Rally to $3,400?
Ethereum has been trading in a prolonged consolidation phase around the $2,500 level — a region that has acted as resistance for several weeks. This extended period of sideways action could signify either accumulation or distribution, depending on what comes next. Technically, Ethereum remains capped below major resistance and has yet to confirm a bullish breakout. However, a deeper corrective move followed by a reclaim of key levels could activate a larger harmonic pattern, which presents a potential rally scenario toward the $3,400 region.
-$2,500 Resistance Zone: Price continues to stall at this critical area, signaling indecision
-$2,200 Support Level: A potential bounce zone where bulls may re-enter the market
-Harmonic Pattern Forming: Possible C-to-D leg expansion targeting $3,400, pending confirmation
Ethereum’s price has remained stuck around the $2,500 region, which has evolved into a high time frame resistance. Price has yet to show a decisive breakout, and this extended stay near resistance typically signals one of two things: stealth accumulation before a breakout, or distribution before a breakdown. The direction will become clearer once price action reacts to either a support retest or a break of the current range.
From a bullish perspective, a potential corrective move toward the $2,200 region — a well-established support — would provide a healthy reset for price action. This zone has previously acted as a demand area and aligns closely with the value area low. If Ethereum bounces from this level and reclaims the point of control (POC) around $2,550 — which also aligns with weekly resistance — it would be a strong structural signal.
This sequence of moves could activate a larger harmonic pattern currently visible in Ethereum’s price action. If valid, the market could enter the C-to-D expansion phase of the harmonic setup, targeting the $3,400 region. While this pattern remains speculative and unconfirmed, its structure is valid and aligns with both historical Fibonacci extensions and support/resistance dynamics.
For this pattern to be confirmed, Ethereum must hold the $2,200 support level and produce a strong reclaim of $2,550 backed by volume. Without this confirmation, the idea remains purely speculative and should be approached with caution.
If Ethereum corrects to $2,200 and reclaims $2,550, a bullish C-to-D harmonic expansion may play out targeting $3,400. Until then, ETH remains range-bound and capped under major resistance.
SOLANA Loves THIS Pattern | BULLISHSolana usually increases alongside ETH. Possible because its a big competitor.
We can see SOL follows ETH very closely, with the exception of dipping earlier than ETH by a week:
In the 4h, we see a push to breakout above the neckline resistance:
In the daily timeframe, SOL is just about to break out above the moving averages - which would be the final confirmation of a bullish impulse to come:
Could this pattern be the confirmation of the start of another big pump for SOL?
_______________________
BINANCE:SOLUSDT
Is Bitcoin Working Out a New Leg Up? Onchain Data Says It May BeDiamond hands are waving goodbye and institutions are loading up — it’s why Bitcoin may be struggling to break out of its current consolidation range. How long can this accumulation phase continue?
And yes — we look at the trades of the decade — two transactions where each one moved a cool billie from a $7.8K investment in 2011.
Some people cling to their Bitcoin BITSTAMP:BTCUSD stash like it’s their last protein bar before a marathon. Others, apparently, wake up one day and decide to dump their coins and browse the market for islands.
Welcome to the silent shift that’s redefining the big players in the Bitcoin market, worth about $2.2 trillion as per data from our Crypto Coins Heatmap .
Old-school whales — the very early adopters and miners holding the OG wallets — are quietly selling, while institutional heavyweights sweep in to buy every dip (part of the reason why lately every breakout never breaks out).
Over the past year, these OG whales have shed about half a million Bitcoin — worth north of $50 billion — according to data from 10x Research. And guess who’s gobbling it all up? ETFs, corporate treasuries, and family offices that didn’t want anything to do with crypto five years ago.
Is it bullish? Is it bearish? Is it just Bitcoin being Bitcoin? Let’s pull up the charts, squint at the data, and see what the world’s most famous digital coin might be plotting next.
📈 A Record High — And Now What?
So here’s the setup. Bitcoin has been strutting under its record high of $111,000 for months now. You’d think the hype machine — from Trump’s pro-crypto administration, to corporate balance sheets going full Michael Saylor (looking at you, GameStop NYSE:GME ) — would send BTC blasting past the Moon and landing on Mars.
Instead? It’s just... chilling. Volatility’s drying up like the last drop of liquidity in a summer Friday session. And the reason is surprisingly simple: the massive handover happening between big, anonymous early adopters and the suit-and-tie institutional crowd.
😌 From Wild Ride to Easy Cruising?
You could argue this is exactly what Bitcoin needs: maturity, respectability, less drama. But don’t tell that to the day traders who want 20% swings before breakfast. As these whales get out and institutions get in, analysts say the upside could be capped at a chill 10% to 20% a year.
Good news for your retirement portfolio, maybe not so great for that “Lambo by Labor Day” dream.
Institutions now hold about 25% of all Bitcoin in circulation — and once these get in, they tend to sit tight for years.
🚀 The $1.1 Billion Time Capsule
Speaking of whales: ever wonder what happens when a Bitcoin wallet goes dark for 14 years? It pops back online to make your mind melt.
On April 3, 2011, a wallet labeled “1HqXB...gDwcK” moved 23,377 BTC to three addresses. At the time, Bitcoin was worth a mere 78 cents. Fast forward: two of those receiving wallets, each with 10,000 BTC, sat dormant for over a decade.
This month, both wallets moved their treasure troves — worth over $1.1 billion each — within 30 minutes of each other. Talk about a coordinated exit. What’s behind the move? Tax planning? A lost key finally found?
A savvy crypto thief who figured how to crack the earliest key generation method? We may never know. Also, OG guy, if you’re reading this — props for the all-at-once move without even a test transaction.
⛓️ What Onchain Data Says
Onchain data is like reading tea leaves for nerds with Bloomberg terminals. It says the supply is tightening — not because there’s less Bitcoin, but because fewer coins are actually available to trade.
When long-term holders move coins, that typically signals big-picture changes. Here’s the twist: the net effect has been… stability. Institutional demand, like Bitcoin exchange-traded funds , soaks up supply just as fast as whales drip it back in.
That’s why Bitcoin’s been stuck in this $100K–$110K limbo, ping-ponging while the accumulation phase is still going strong.
👀 So, Is a New Leg Up Coming?
This is where the optimists and realists start to bicker over the charts. On the one hand, the structural handover to institutions makes Bitcoin more credible, more regulated, and more boring.
But less volatility can mean steadier gains — especially if you believe that the world will always want an inflation hedge that no central bank can print into oblivion.
On the other hand, a sideways market can test your patience more than a typical drawdown. Some of the whales are gone, the suits have arrived, and the easy moonshots might not be so easy anymore.
🌱 The Trade-Offs of Growing Up
Bitcoin was born in the wild west of finance — an anonymous, volatile, meme-fueled phenomenon. Now, it’s drifting deep into the mainstream. That might limit the fireworks, but it also locks in its place as an asset class that’s not going away.
🌊 Closing Thoughts: The Next Billion-Dollar Move
Will we see another $7,800 investment turn into a cool $1 billion? Maybe not exactly like that. But the game isn’t over — it’s just evolving.
Keep your eyes on the whales, the ETFs, the Fed’s next move , and those onchain breadcrumbs.
Over to you , chart-watchers: does this calm consolidation make you bullish, bearish, or just plain bored? Share your thoughts in the comments!
BTC monthly yelling at us for something interesting ?We read daily news about ETF, accumulation by institutes and scarcity in the exchanges, but I recognize something different in the chart based on multiple indicators. Historically, BTC boomed after touching 50 EMA and whenever it is extended it traces back to 50 EMA on monthly chart. As per current data, BTC is extended far from it. Also RSI and MACD indicating that it is losing momentum with -ve divergence. Volume as well descreasing since last leg, though price moved up. So, I expect price to retrace to 50 EMA which coincides with previous high at 60K. Let us see how it unfolds.
Gold on the Move – Major Resistance Levels to Watch AheadThe current price action looks strong, and if the bullish momentum continues, we have three main target levels in mind.
The first target is $3,380. This is an important level we expect gold to reach soon if the trend continues upward.
If the price breaks above $3,380, the next target is $3,433. This level is likely to act as a strong resistance, meaning the price might slow down or pull back here. But if gold can push through it with strength, that’s a strong signal of continued upside.
After that, the third target is $3,495, which would mark a strong extension of the current bullish trend.
As long as gold stays above key support levels, we believe the bullish outlook remains valid, and these targets are possible in the coming days or weeks.
BTC POTENTIAL BULLS TRAP IN DEVELOPMENTI am inspecting the 4 hour candle in comparison to the daily chart on BTC and it seem we have all the characteristics of a bulls trap on the chart. If the next 4 hours candle does not close bullish, it will confirm a bulls trap and price will likely pullback into the triangle. So be cautious trading at this resistance level.
Bull Trap Chart Characteristics
Look for:
A strong bullish candle that breaks above recent highs or resistance.
Volume spike on the breakout — signs that traders are buying.
Followed by a sharp bearish candle (like a shooting star, bearish engulfing, or long wick).
Price falls back below resistance, turning the breakout into a fakeout.
Cheers !!
Gold setup: ascending triangle and Trump’s debt bombGold just formed an ascending triangle, and a breakout could send it $300 higher. In this video, we analyse the new pattern, the key breakout level, and why Trump’s new tax bill and Powell’s potential replacement could spark a major move. Will fundamentals match the technicals? Watch to find out.
Valero Breaks the DowntrendValero Energy spent more than a year in a downtrend, but some traders may think conditions have changed.
The first pattern on today’s chart is the series of lower highs between April 2024 and May 2025. VLO pushed above that falling trendline last month and has remained there since. That may suggest its longer-term direction is turning higher.
Second is the price area between roughly $132 and $136. The oil refiner peaked there in March, April and May. But it made a low in the same zone last week and this week. Is old resistance becoming new support?
Third, prices have remained above the rising 21-day exponential moving average. They’re also above the 200-day simple moving average. Those patterns may be consistent with emerging bullishness in the short and long terms.
Check out TradingView's The Leap competition sponsored by TradeStation.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
EURJPY is rising to 173 for a bearish and larger pattern.EURJPY is rising to 173 for a bearish and larger pattern.
Since the beginning of March 2025, EURJPY started an uptrend and is still rising in a clear way with no signs of reversal.
As long as the BOJ has no plans to change its monetary policy statement or make any significant interventions in Forex, then EURJPY can continue to rise higher.
There is a high possibility that Eurjpy will complete a major daily harmonic pattern near 173.00.
Given that EURJPY may be close to the all-time high zone, the reversal could also occur within the zone, but I think EURJPY may start a reversal between 173.00 and the higher level. We can look for sell signals there.
At the moment, EURJPY is rising and may rise to 173.00, although not in a clear way.
You may find more details in the chart!
Thank you and Good Luck!
PS: Please support with a like or comment if you find this analysis useful for your trading day
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.