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Fibonacci Retracement

Will BTC emerge from the descending channel on top?Hello everyone, I invite you to review the current situation on BTC. On the one-day interval, you can see how the price is moving in the downtrend channel in which there is again a fight with the upper boundary of the channel. At this stage, you can also see how the EMA Cross 50/200, they have come very close but still indicate the maintenance of a long-term upward trend. Here you can see how the price has currently bounced off the resistance zone from $ 86,503 to $ 87,934. Only an upper exit from this zone will open the way towards the second important zone at the levels of $ 93,959 to $ 96,142, and then we have visible strong resistance around $ 101,800. Looking the other way, you can see that in the event of further declines, we have support at $ 80,550, then you can see an important zone that previously maintained the price decline from $ 74,340 to $ 71,380, in a situation where this zone is broken, we can see a quick decline to around $ 65,360. The MACD indicator shows an attempt to switch to an upward trend, it is worth watching whether there is enough energy for further movement.
BINANCE:BTCUSD
by cryptodailyuk
GOLD → Price is consolidating, but to what end? Growth?FX:XAUUSD continues on its way as part of a strong rally. Price is testing strong resistance and there is a good chance of a new high as the trade war escalation intensifies. Against the backdrop of the bull run, there is no need to think about selling! Gold is trading near all-time highs above $3,200 on Friday, posting a weekly gain of about 5.5%. Rising prices are fueled by concerns over U.S. financial stability and the possible resignation of the Fed chief, adding to pressure on the dollar. Expectations of recession and Fed rate cuts are increasing amid escalating trade war with China, after the US imposed tariffs of 145% and Beijing retaliated - China raised tariffs to 125%. Inflation in March came in below expectations, reinforcing forecasts for a rate cut. Focus is on further trade talks and China's response Resistance levels: 3219.5 Support levels: 3197, 3187, 3167 Emphasis on the local range: 3219 - 3187. Breakdown and price consolidation above the resistance will provoke rally continuation. But I do not rule out a correction to accumulate energy before the continuation of growth. In this case gold may test 3197 (0.7f), or support of 3187 range. But we should be aware of the fact of unpredictability: If the US and China sit down for negotiations, the situation may change dramatically. Regards R. Linda!
FX:XAUUSDLong
by RLinda
10
BITCOIN → Testing trend resistance. Will there be a breakout?BINANCE:BTCUSDT is approaching trend resistance and most likely it may test the liquidity zone and risk zone for sellers (liquidity hunt ?), but does the market have the potential to support the upside? Bitcoin is strengthening and channel resistance may not stop this growth. Based on the nature of price movement (smooth, gradual, consolidating), bitcoin may test liquidity 84.7K - 88.8K. But it is too early to talk about further growth On W1, the price is in a trading range (consolidation) between the previously broken global consolidation support and the current support. Short bodies, long shadows speak about consolidation. Also worth noting are the relatively long tails to the downside and the weak market reaction... Fundamentally, the cryptocurrency market (community as a whole) for the past week did not get anything positive as from the very beginning of this year, the growth can be attributed to the 90-day technical break by Trump, but there are a number of nuances: - the fire has not yet been put out - just because they gave a 90-day break doesn't mean everything is fine. It's just a head start for the U.S. to prepare for the situation more thoroughly - The escalating conflict between the U.S. and China has investors looking for less risky assets like gold. Cryptocurrencies are definitely not on that list. - Rumors of a US interest rate cut are likely to provide support as well. Resistance levels: 84700, 88800 Support levels: 78200, 73-74К, 66500 I would not hurry with conclusions about further growth. Growth could be considered if bitcoin overcomes 88800 and consolidates above this zone. But a sharp approach or a false breakout of one of the mentioned liquidity zones may provoke a reversal and fall. Regards R. Linda!
BINANCE:BTCUSDShort
by RLinda
22
LTC/USDT 1W ChartHello everyone, I invite you to review the current situation on LTC. When we enter the one-week interval, we can see how the price is struggling to return above the upward trend lines. Here you can see how the current rebound is going towards resistance at $ 82.82, then resistance is visible at $ 95, but an important resistance point will be around $ 115. Looking the other way, you can see that the price has gone below the support level at $ 70, however, we could see a quick rebound, in a situation where the price continues to go down, the next very strong support is around $ 50. It is worth looking at the RSI indicator, which shows another descent in the week interval to the level where we could previously see strong price rebounds, which could potentially repeat itself.
by cryptodailyuk
1
BIG BIG weekI think 7 FED speakers, A lot of tension in the markets, tops mean polarisation, considering reflexivity theory extreme volatility will ensue. A lot of people might think the -0.786 ATH we got before the holidays is the top. I think they are mistaken as seen in the analysis below. There is still legroom for higher, this is a big bet on my part. I have a few contracts on the mag7 (GOOGL, TSLA and META) focusing on GOOGL since they seem to be in the same headwind as S&P Let's see how this plays out
CME_MINI:ES1!Long
by Osmanomics
Does History Repeat Itself? How Far Can the Nasdaq Fall?Let's examine the current 2025 correction on a logarithmic chart: the price movements show significant similarities to the February 2020 decline. At that time, the global crisis—then driven by COVID-19 panic—fundamentally influenced market movements, while now, trade uncertainties are generated by President Trump's aggressive tariff announcements. The chart reveals that the Nasdaq is declining steeply, and technical levels play a decisive role: yesterday, the price bounced back from the 61.8% Fibonacci retracement level. However, it is clear that supporting technical indicators—such as the break of the RSI convergence trend on the days triggering the decline—confirm the downward movement. In the earlier 2020 decline, massive volume accompanied the initial weeks' movements, while this year's movement is characterized by steadily increasing volume. Nevertheless, the current volume peak falls short of the peak measured in the 2020 week (4.45 million vs. 6.8 million), indicating that the trend may continue with further declines. Overall, technical analysis—the examination of logarithmic charts, the break of the RSI trend, and volume movements—suggests that the current correction may deepen further, and the Nasdaq's target price can be estimated between 14,500 and 15,000 points. Observing a similar scenario in history, when global events triggered high volatility, it appears that market reactions now do not differ from past patterns. If the current negative trend continues, a further deepening of the correction is plausible, as the lag in market volume (4.45M vs. 6.8M) indicates that investors have not yet been able to offset the negative sentiment prevailing in the sector.
CME_MINI:NQ1!Short
by jpsatrio
1
GOLD → Global economic risk indicator consolidates ahead of CPIFX:XAUUSD , rather quickly changes the market structure to bullish and continues its aggressive rally. The economic risk indicator is working perfectly. Technically, the focus is on the range 3135 - 3099 Gold is consolidating around $3,100 in anticipation of US inflation data. The escalating trade war between the US and China keeps demand for defensive assets alive despite the pause in price gains. Trump imposed 125% tariffs on Chinese goods and China retaliated with duties of 84% on U.S. imports. Increased tariff tensions are raising recession expectations and encouraging bets on a Fed interest rate cut, which supports gold. However, a rise in March CPI inflation (expected 2.6% y/y) could trigger a downward correction, although the impact could be short-lived - tariff news remains the main driver Technically, the price failed to reach the 3135 liquidity zone and reversed, which attracted the crowd willing to sell (deceptive maneuver). But, after correction the price may return to the target quite quickly Resistance levels: 3135, 3167 Support levels: 3100, 3090, 3077 Emphasis on the range boundaries, possible retest of 3100-3090- 3075 before continuation of growth. On the news or before the opening of the American session there may be a long squeeze before the continuation of growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
10
DOGE → Will the market hold strength or lose it all?BINANCE:DOGEUSDT is testing the liquidity and resistance zone amid a downtrend as part of a news-induced rally. Will the market hold this trend or return to a sell-off? The downtrend continues. As part of the correction triggered by the news backdrop, bitcoin strengthened and pulled the altcoins with it. But the market may lose all its growth quite quickly, as bearish pressure on the market is still very strong (There are no fundamental positive changes for the market). The fall of BTC may be followed by DOGE as well. Technically, the price is forming a false break of the resistance zone 0.1622 - 0.15700, consolidation of the price below this zone will provoke the continuation of the fall to the nearest zone of interest 0.13646. Resistance levels: 0.157, -0.1622 Support levels: 0.13646, 0.1277, 0.1154 A retest of the trend resistance is possible, but price consolidation below the key zone will be a good signal indicating the seller's strength, the decline may continue. On the weekly timeframe we have a trigger at 0.14217, break of which will open the way to 0.1277 - 0.1025. Regards R. Linda!
Short
by RLinda
12
NEAR the Bottom? - The Crash Ends HereBack in October 2023, NEAR embarked on an incredible bull run lasting 147 days, surging from a low of $0.971 to a high of $9.01—an astounding +828% gain. Following this euphoric phase, the market sentiment shifted dramatically. Over the subsequent 392 days, NEAR retraced to around $2, marking a -78% decline. Now, with the market at a critical juncture, the question remains: when does the madness of the crash end, and can we finally see a reversal? Harmonic Patterns & Fibonacci Confluence Chart Pattern Analysis: The XABCD Framework Using the XABCD pattern tool, we identify the following key points: Point X: $0.971 Point A: $9.01 Point B: $3.076 Point C: $8.244 Point D: $1.978 Durations: X-A: 147 Days A-B: 143 Days B-C: 122 Days C-D: 126 Days These durations show remarkable symmetry—with the up-move phases (X-A and A-B) nearly matching in time, and similarly for the correction phases (B-C and C-D). This time symmetry supports the presence of a harmonic structure, and the retracement levels help validate the potential for a reversal. Fibonacci Implications Fib Retracement of XA: Point B is at 0.738 Fib Retracement of AB: Point C sits at 0.871 Fib Retracement of BC: Point D lands at 0.875 Fib Extension of BC: Point D is at 1.212 While Point D’s retracement at 0.875 is slightly deeper than the classic 0.786 level expected for a Gartley Harmonic, it remains close enough to validate a harmonic correction, especially considering market noise. Additionally, the expansion of BC at 1.212 is close to the 1.27 range, lending further credence to this being a Gartley-type pattern. Time Factor: Fibonacci Time Extensions & Exhaustion 147-day Bull Run: NEAR rose from $0.971 to $9.01 in 147 days. 392-day Bearish Correction: Since hitting $9.01, the price has retraced for 392 days. Fibonacci Time Extensions: 1.618 multiplier: 147 × 1.618 ≈ 238 days. A Classic "golden ratio" reversal target. This period coincided with a +135% surge in November. 2.618 multiplier: 147 × 2.618 ≈ 385 days. High-probability exhaustion point. This is nearly equal to the current 392 days, suggesting that time-based exhaustion may be imminent. The alignment of these time-based measures with the price retracement (approximately 87.5% retracement of the original move) signals a critical juncture where the bearish phase could soon be over. Identifying the Support Zone & Long Opportunity Based on harmonic and Fibonacci analyses, the confluence of key support levels points to a potential bottom: Harmonic Point D: Trading near $2. Monthly Level: $1.99 acts as a strong support benchmark. Fibonacci Retracement (0.886): at $1.887. These levels create a long opportunity window between $1.99 and $1.887. This confluence offers a solid entry region for long positions. Additionally, other confluence factors include: Fibonacci time extension at the 2.618 level (around 385 days) aligning with the current duration of the bearish phase. The symmetry of the XABCD pattern adds to the reliability of the support structure. High-Probability Trade Setup Long Entry: Entry Zone: Accumulate positions in the $1.99 to $1.887 range. Target: Aim for the 0.5 Fibonacci retracement level of the bull run, approximately $5.00, which represents a potential +150% gain from current levels. Risk-to-Reward (R:R): With the setup targeting a substantial rebound, the risk-reward ratio is very attractive, particularly if entry is taken in the defined confluence zone. Market Outlook: Current Sentiment: NEAR is in a significant downtrend, evidenced by a dramatic -78% retracement after an explosive bull run. Reversal Indicators: The harmonic pattern, Fibonacci retracements, and time exhaustion (392 days approaching the 2.618 extension) all point towards a possible bottom formation in the coming month, particularly during April. Potential Reversal: If NEAR holds within the $1.99 to $1.887 window, a reversal back towards $5.00 appears plausible, echoing the conditions seen at previous market cycle reversals. Key Takeaways Historic Run & Severe Correction: NEAR surged over +828% in 147 days only to retrace -78% over the following 392 days. Harmonic Confluence: The XABCD pattern and Fibonacci levels create a compelling argument for a turnaround. Time & Price Alignment: Fibonacci time extension around 385 days combined with an 87.5% price retracement suggests market exhaustion. Solid Long Entry Zone: The support between $1.99 and $1.887 offers an attractive risk entry point with the potential to target a move back up to $5.00. After decades in the trading arena, one thing is clear—the market often cycles through periods of euphoria and despair before turning a corner. NEAR's confluence of harmonic symmetry, Fibonacci retracement, and time-based exhaustion is almost too aligned to ignore. With a defined long entry window between $1.99 and $1.887, this might be the moment to consider a high-probability long trade. As always, manage your risk diligently and wait for clear confirmation. Wrapping it up here, happy trading =) If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Long
by SiDec
5
GOLD → Bounce back to accumulate energy before growthFX:XAUUSD confirms interim bottom at 2970 after a false breakdown and as part of the escalating trade war, price is strengthening from support to the important medium-term level of 3054. Further dynamics will depend on the market reaction to the minutes of the March Fed meeting and the introduction of reciprocal tariffs between the US and China. The introduction of 104% duties on Chinese goods increases trade tensions, reduces investor confidence and supports the price of gold against the background of a weakening dollar. Even with the Fed's cautious rhetoric, gold may keep rising due to the escalating trade war. The medium-term situation depends on the Fed (namely hints or actions on rate cuts), the trade war and negotiations on the situation in Eastern Europe Resistance levels: 3054, 3077, 3099 Support levels: 3033, 3013 (0.5f), 2995 Since the opening of the session (the price has passed the daily norm) gold has exhausted the technical potential and the 3054 area may push the price down (false breakout). As part of a technical pullback, gold may test 3033 - 3013 before looking at upside attempts again. Additional scenario: pullback to the fvg zone (0.7 - 0.79 fibo) before further growth. Regards R. Linda!
FX:XAUUSDLong
by RLinda
22
USDCAD → Weak dollar provokes continuation of downtrendFX:USDCAD under the pressure of a weak dollar and downtrend may renew its lows. The fundamental background for the dollar is weak, the market reacts accordingly. The dollar continues to fall - a reaction to the tariff war. Besides, additional pressure is created by the issue of interest rates reduction. The currency pair is under the pressure of the downtrend. After a false resistance breakout, the price is consolidating in the selling zone. The trend change is confirmed by the cascade of resistances. Emphasis on the local range 1.4245 - 1.42018. The price exit from the consolidation will provoke the continuation of the fall Resistance levels: 1.4245, trend boundary Support levels: 1.4202, 1.415 Possible retest of resistance before further decline. But the price exit from the current range and consolidation of the price below 1.4202 - 1.4205 will provoke the growth of sales and further fall to 1.405 (zone of interest). Regards R. Linda!
Short
by RLinda
6
USDCHF Daily Outlook – Smart Sell Opportunity AheadAfter a clean break and retest of the ascending trendline, USDCHF shows signs of weakness below the key supply zone — perfectly aligned with the 38.2–50% Fibonacci retracement. 🔻 My Bias: Bearish I'm watching for a short-term pullback into the red zone (possible liquidity grab), followed by a strong continuation toward the next demand area. 💡 Why this setup matters: ✔️ Trendline break & retest ✔️ Strong bearish momentum ✔️ Fibonacci confluence ✔️ Supply zone reaction 🧠 Patience = Profits. Entry should be planned with precision.
by forexbeesignals
Why you should WAIT for trades to come to YOU!In this video, we dive deep into one of the most underrated but powerful habits that separates consistently profitable traders from the rest: waiting for the trade to come to you. It sounds simple, even obvious. But in reality, most traders—especially newer ones—feel the constant urge to do something. They scan for setups all day, jump in at the first sign of movement, and confuse activity with progress. That mindset usually leads to emotional trading, overtrading, and eventually burnout. If you've ever felt the pressure to chase price, force trades, or trade just because you're bored… this video is for you. I’ll walk you through: 1. Why chasing trades destroys your edge—even when the setup “kind of” looks right 2. How waiting allows you to trade from a position of strength, not desperation 3. The psychological shift that happens when you stop trading to feel busy and start trading to feel precise 4. How the pros use waiting as a weapon, not a weakness The truth is, trading is a game of probabilities and precision. And that means you don’t need 10 trades a day—you need a few good ones a week that truly align with your plan. Patience doesn’t mean doing nothing, it means doing the right thing at the right time. And when you develop the skill to sit back, trust your process, and wait for price to come to your level… everything changes. Your confidence grows. Your equity curve smooths out. And most importantly, your decision-making gets sharper. So if you're tired of overtrading, feeling frustrated, or constantly second-guessing your entries—take a breath, slow it down, and start thinking like a sniper instead of a machine gun. Let the market come to you. That’s where the real edge is.
Education
by Road_2_Funded
7
Will BTC emerge from the resistance zone on top?BTC bounced off an important support zone at $74,154 - $77,050 and we are currently seeing a very strong upward movement at the 10% level. It is also clear that the price drop created a higher low and the upward impulse gave a higher high, which is positive in the short term for continued growth. However, you need to be careful here because the BTC price has entered a strong resistance zone from $81,900 to $83,900, only breaking out of this zone on top will open the way towards $89,000. It is worth paying attention to the RSI indicator, which confirms the dynamic movement, but considering the 4H interval, there is still room for the price to overcome the zone on top.
INDEX:BTCUSD
by cryptodailyuk
GBP/USD Is About to Explode – Here’s Why This Level Matters🚨 GBP/USD at a Critical Zone – Breakout or Reversal? Let’s break down the price action from a technical perspective 👇 📊 Daily Technical Analysis – GBP/USD (April 2025) The GBP/USD pair is trading near a key inflection point, with price action hinting at a potential breakout — or a deeper correction. 📈 Trend Overview: The broader trend remains bullish, following a steady rally from the 1.2300 area back in February. The pair has been forming higher highs and higher lows, indicating strong underlying demand. However, we’re now seeing signs of bullish exhaustion as the price struggles near the 1.2850 – 1.2900 resistance zone — an area that previously acted as a strong supply level. 🧱 Key Resistance Levels: 1.2850 – 1.2900: Major resistance zone; a daily close above this level would likely accelerate bullish momentum. 1.3000: Psychological round number and the next natural target. 1.3140: Historical swing high from mid-2023, could serve as the next upside objective. 🛡️ Key Support Levels: 1.2680: Previous higher low and potential first line of defense. 1.2520: Strong structural support — a break below this zone may shift the medium-term outlook to neutral or even bearish. 1.2300: February’s key low and the base of the current trend. 📐 Technical Structures: Price appears to be forming an ascending triangle — a classic bullish continuation pattern — with flat resistance at 1.2850 and rising higher lows from below. This supports the idea of an impending breakout if bulls regain control. Additionally, the pair is moving within a rising price channel, offering clean structure for both trend-following and breakout traders. 🧭 Potential Scenarios: ✅ Bullish Breakout: A confirmed close above 1.2900 would likely open the door toward 1.3000, followed by 1.3140. This scenario aligns with the current market structure, assuming continued weakness in the USD or sustained risk appetite. ❌ Bearish Rejection: Failure to break the resistance zone, especially with bearish reversal candles, could trigger a drop toward 1.2680, and possibly 1.2520. A daily close below 1.2520 would be a strong technical warning for bulls. 📌 Conclusion: GBP/USD is sitting at a technically significant level. The prevailing trend favors the bulls, but the outcome at 1.2850–1.2900 will be decisive. Watch price action closely for confirmation — breakout or rejection, the next move could be sharp. 💬 What’s your take on this setup? Do you see a breakout or a reversal ahead? Drop your thoughts in the comments 👇
Short
by Saeed966
GOLD → Rising economic risks could push the price upwardFX:XAUUSD closed inside the range 2970 - 3060 and has all chances to strengthen as the situation between the USA and China is only getting hotter, which creates additional risks. Gold continues to rally from its recent low of $2,957, back above the $3,000 level amid a weaker dollar and a pause in rising US bond yields. The market is reacting to escalating trade tensions between the US and China, including the threat of new 50% tariffs and possible countermeasures by Beijing. Strengthening expectations of Fed rate cuts and recovering risk appetite also support gold's growth, but the instability of global trade policy keeps investors uncertain. At the moment the price is testing resistance at 3013 and after a small correction the assault may continue, and a break and consolidation above 3013 will open the way to 3033 - 3057. Resistance levels: 3013, 3033, 3057 Support levels: 2996, 2981 The trade war and the complex, politician-dependent fundamental backdrop allows us to strategize relative to economic risk. Technically, we are pushing off the strong levels I have outlined for you. The overall situation hints that China will not just give up and Trump will not lose face. An escalation of the conflict could send gold higher. The price may strengthen from 0.5 fibo, or from 3013 Regards R. Linda!
FX:XAUUSDLong
by RLinda
17