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BITCOIN → The fall will continue after a pullbackBINANCE:BTCUSDT is strengthening after a false breakdown of the 54.5K - 55K support. Fundamentally and technically, there is no buyer motivation. Traders have moved into the waiting or selling phase... Now BTC is accumulated mainly by wallets with balance < 1BTC... Larger wallets are not doing much. Also, judging by the statistics of various services it can be seen that the trading activity of large investors has decreased, and whales have stopped actively accumulating since August. Traders doubt the current rebound in BTC and continue to actively short it. Technically, the coin shows negative, bearish dynamics, forming gradually declining highs without the possibility to approach the retest of local peaks. For the last one and a half or two months a tight sideways range has been formed and MM continues to keep the price inside the flat, it is also worth paying attention to the descending resistance, which also prevents the market from going up, putting pressure together with SMA-200. Resistance Levels: SMA200, 59600, Trend Line Support levels: 57736, 56K, 54500 At the moment the price is consolidating in the bullish zone, which indicates a possible chance to rise to 59600. The situation may end with a short-squeeze and further decline after liquidity capture. The pressure from sellers continues and buyers are not ready yet Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
Short
by RLinda
59
ETHUSD → Manipulating growth before liquidation BINANCE:ETHUSD is forming a counter-trend bounce and is aiming for strong resistance amid a bearish trend. The project is going through a rough patch, fumbling for a market bottom... ETH faces troubles:: WisdomTree has requested the withdrawal of its ETH (Ethereum Trust) fund registration application three years after filing with the SEC. Earlier, VanEck closed its futures ETH-ETF, citing lack of demand. Likewise, indicators suggest that Whale stopped accumulating ETH since July. Since then, they have been mostly selling. Technically, we see the market being squeezed by strong resistance: trend lines as well as moving averages, which may negatively affect the market, keeping the coin from rising. Resistance levels: 2375, 2460, 2510. Support levels: 2309, 2111 The coin is heading towards the resistance and liquidity area amid a bearish trend. This can be seen as a manipulated move to capture liquidity before further testing the intermediate bottom. I expect a decline from the mentioned zones towards 2100-2000. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;) Regards R. Linda!
Short
by RLinda
39
GBPJPY → Traders increase short, preparing for a fallFX:GBPJPY is unable to continue the uptrend. The price is breaking the price channel support, and the parabolic curvature can be interpreted as a set of short positions. The Japanese Yen continues to strengthen. GBP is forming a small correction since the Open of the session, and the Japnese national currency is accelerating northward. The parabolic curvature that is forming on the chart can be explained as a set or increase of short positions by large players. Such a maneuver indicates a possible strong and prolonged decline in prices. But, the focus is on the sideways range 192 - 189. Despite the fact that the price has left the channel, it is still in the range and the mentioned support restrains the market from falling. Resistance levels: 190.97, 192, MA-50 Support levels: 189 If the bears manage to break 189 and consolidate below, it will be the reason for the continuation of the decline to the global low. On D1 the price is pushing away from the strong zone and also shows bearish preconditions Rate, share your opinion and questions, let's discuss what's going on with ★ FX:GBPJPY ;) Regards R. Linda!
Short
by RLinda
24
BNXUSDT → Liquidation on bullish trend before rising...BINANCE:BNXUSDT continues to correct and is heading towards global bullish trend support.Against the overall backdrop, the coin looks promising as one of the few continues to hold an uptrend.... Locally, BNX is testing the key liquidity area, a rebound to 1.300 may follow, but depending on the situation, there are various patterns indicating selling pressure on the market, such as: local lows, sma cross, closing bars at daily lows.... But, confidence is given by the overall trend. It is worth paying attention to the support 1.061 - 1.22, in this zone the struggle between the market participants is formed. The bulls may finally win if they are able to consolidate above 1.2000, but before that a long-squeeze or a scramble for support is possible. Resistance levels: 1.2000, 1.31, 1.425 Support levels: 1.14, 1.06, 0.95 Technically, the trend boundary and liquidity area has not been tested yet. There are no strong bullish signals and MM may form a trap (false growth, liquidation (sell-off) and false breakdown followed by growth). Emphasis on these key zones... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BNXUSDT ;) Regards R. Linda!
Long
by RLinda
7
GOLD → Liquidity is a magnet. Getting ready to test 2475FX:XAUUSD like the TVC:DXY is going up, only the currency has a reason, and gold forms this movement based on manipulation. The price is at a strong resistance and a double top, which forms the prerequisites for a decline towards 2490-2475. The dollar is strengthening on the background of a weak report on the U.S. labor market, as well as due to the Asian market, where fears of a slowdown in the Chinese economy are growing, despite the fact that traders expect lower interest rates next week. The theme of a “hard landing” for the U.S. economy is still on a high tone.... The reason for gold's rise since the beginning of the trading session on Monday is behind the decline in US Treasury bond yields All eyes are still on the US inflation data due to be released on Wednesday... There is no reason for the price to move out of the range, accordingly, gold will continue to form a sideways (neutral) market direction. Resistance levels: 2507, 2516 Support levels: 2500, 2494, 2484, 2475 Technically, the price is bouncing off 0.5 fibo, forming a double top with no opportunity to reach the upper boundary of the range as there is no interest for MM. The key liquidity is hidden in the lower part of the range, where, most likely, the price will seek in the near future on the background of the dollar growth Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDShort
by RLinda
29
All About the Flag Pattern (Beginner-Friendly)Hello everyone, Today, I’ve prepared an educational guide on chart patterns, specifically focusing on the Flag Pattern. This content is designed to be easy for beginners to follow, so I hope you find it engaging and informative. :) Below is the outline I’ll be using for this post: ———— ✔️ Outline 1. What is a Flag Pattern? Definition Key Components Characteristics 2. Bullish Flag Pattern Basic Characteristics Examples 3. Bearish Flag Pattern Basic Characteristics Examples ———— 1. What is a Flag Pattern? 1) Definition A Flag Pattern forms during a brief consolidation phase after a strong price movement, often signaling the continuation of a trend. It typically appears when prices make a sharp move, either up or down, followed by a period of sideways or slightly counter-trend movement. Flag Patterns can occur in both uptrends and downtrends, named for their resemblance to an actual flag. After a strong price move, the market consolidates briefly before continuing in the original trend direction. 2) Key Components Flagpole: The initial strong price movement that sets the overall trend direction before the consolidation phase. Flag: The consolidation period where prices move sideways or slightly counter to the trend, often forming a rectangle or parallelogram. This phase typically occurs with a decrease in trading volume. Breakout: The moment when the price resumes its original trend direction. In an uptrend, this is an upward breakout, and in a downtrend, a downward breakout, confirming the continuation of the trend. 3) Characteristics Duration: The Flag Pattern typically lasts longer than the Flagpole but varies depending on the timeframe. Volume: Volume usually decreases during the Flag’s formation and increases once the breakout occurs. Reliability: The Flag Pattern is considered a reliable indicator of trend continuation, making it a favorite among traders using trend-based strategies. ———— 2. Bullish Flag Pattern 1) Basic Characteristics A Bullish Flag forms after a strong upward price movement, signaling a temporary consolidation phase. During this consolidation, volume typically decreases, suggesting that the market is pausing rather than reversing. After this phase, the price often continues its upward trend, accompanied by an increase in volume. Bullish Flag Patterns also help relieve overbought conditions in technical indicators, providing the market with a chance to prepare for another move up. 2-1) Example 1 This chart from May 2023 shows a strong Flagpole followed by a long consolidation phase (Flag). The volume then increased as the price broke out, completing the Bullish Flag Pattern. 2-2) Example 2 In this chart from March 2021, we see a similar setup: a strong Flagpole, followed by a consolidation phase, leading to a breakout that continued the upward trend. ———— 3. Bearish Flag Pattern 1) Basic Characteristics The Bearish Flag Pattern is the inverse of the Bullish Flag. It follows a strong downward move (Flagpole) and is followed by a period of consolidation (Flag) with decreasing volume. Like its bullish counterpart, the Bearish Flag can relieve oversold conditions, leading to a continuation of the downtrend after a breakout. 2-1) Example 1 This chart from May 2022 displays a Bearish Flag Pattern: a strong downward Flagpole, followed by a Flag consolidation phase. After the consolidation, a breakout occurred, continuing the downtrend. 2-2) Example 2 This chart from February 2022 also illustrates a strong downward Flagpole, followed by a consolidation phase (Flag), leading to a breakout that completed the Bearish Flag Pattern. This guide will help you better understand the Flag Pattern and how it can be used in your trading strategy effectively! ———— ✔️ Conclusion I hope the various Flag Patterns and market analysis techniques covered in this post prove helpful in your investment journey. Chart analysis is not merely a technical skill but also a deeper understanding of market psychology and movement. Flag Patterns, along with other chart patterns, visually reflect the psychological dynamics of the market. Mastering their use can greatly contribute to successful trading. That being said, the crypto market is inherently unpredictable and fast-moving. While technical analysis is a valuable tool, it’s important to adopt a comprehensive approach that considers broader market trends and external factors. I encourage you to apply the insights gained from this post with a balanced and cautious perspective when making investment decisions. New opportunities are constantly emerging, and those who are prepared to seize them will find success. The chart represents the market’s voice. Listening to it, interpreting it, and making informed decisions based on that interpretation is "the essence" of chart analysis. I sincerely hope that, through continuous learning and experience, you’ll evolve into a more confident and successful investor.
Education
by Killer_Whales
9
GOLD → Risk zone! One step away from a prolonged correctionFX:XAUUSD is trading in the lower half of the key range. The price failed to hold above 2493, the market is spilling back to support. But, there are nuances pointing to both a rebound and a possible fall..... The trend is still bullish. The price is entering the risk zone of 2470 - 2480. If the bulls do not keep the price above this zone, we should expect a prolonged correction. But, there are Initial Jobless Claims and NFP report ahead, which traders are waiting for so much. The economic nuances can both strengthen local movements and revive the global trend. On H1 the price is strongly declining to the support, such a fast movement is fraught with a rebound, which can bring the price back to 2493 - 2500 and this is probably the key movement. But there is a but everywhere! It is hard to tell from the volumes that the buyer is ready for any action. False breakout and consolidation above 2477 may affect the growth. Resistance levels: 2493, 2500 Support levels: 2477, 2473, 2450 But the fall is not excluded. If there is no reaction to the 2477-2473 zone in the form of a rebound, and gold starts to consolidate near the support, then we should consider a decline, the key target of which could be the 2450 zone and the trend line on D1. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSD
by RLinda
16
BITCOIN → Manipulative ShortSqueeze. When to prepare for growth?BINANCE:BTCUSD is not falling below 50K, which is expected by many. The flagship continues to consolidate ( which has been going on for half a year now ) and accumulate potential at the expense of some traders or another, mostly at the expense of sellers. Why am I being positive? . In the second half of August, BTC tried to move into the realization phase and headed towards 70K, but ran into a block of limit orders ( resistance ) at 65K - MM is not ready to let the price go. Having formed a double top, the price returns to the range confirming the fact of false breakdown and liquidation, as a consequence of such actions MM has an interest - liquidity from below ( for this reason I am waiting for initial decline with subsequent growth ). The chart above shows the key zones and possible scenarios to pay attention to when forming your strategy There is no constructive reason for the formed fall and therefore this movement can be considered purely manipulative, the purpose of which may be to buy up the asset through panic selling as well as prolonged accumulation before realization. Resistance levels: 59600, 60500 Support levels: 58700, 57900, 57736, 56078 . The market is still strong but in a range. Any attempts to sell-off are aggressively bought out by whales ( liquidity withdrawal ). On W1-M1 a stop is forming after a strong rally, which is considered as a controlled consolidation within the bull cycle, which is far from ending. The high probability scenario of that technical nuance is an upward distribution of accumulation. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
Long
by RLinda
42
GOLD: Bullish - FLAG detected + Breakout of the range.GOLD: Bullish - FLAG detected + Breakout of the range. 1- A "Head Shoulders" has been detected and we did a perfect Take profit ( TP1) at 2 395$. 2- When we break a range the Take profit should be the Height of the range. Then the TP2 is expected around 2 518$. 3- Plus we can also consider that the range is like a flag and then the TP3 ( green arrow) is expevted around 3 030$ The red horizontals are retracements regarding ICHIMOKU levels . However a retracement Fibonacci gives a target lower around 2 100$. Be careful
OANDA:XAUUSDLong
by Le-Loup-de-Zurich
BITCOIN → WHALES accumulate, BULLS aim for 70K ↑ BINANCE:BTCUSD has been consolidating since March, for half a year. Sooner or later the asset will move into the distribution phase. After the shakeout, the price returns to the channel and enters the consolidation phase, holding above 0.5 fibo. The shakeout spurred by panic over bad data in the US market a few weeks ago is redeemed. False breakout leads to a rise to 62K, which defines the local range, forming a strong resistance and the beginning of a local correction. Within the correction, the price is testing 0.5 Fibo and the bulls are actively holding the price above this area, indicating that they are not ready to let the price go beyond this area yet. So, the focus is on the consolidation of 62K - 56K. How long will the price trade in this range? As long as it wants, until MM gathers the necessary potential But, after support retest, false breakdown and liquidity capture, MM has another target - liquidity above 68K - 69K, therefore, we have a high probability to catch strengthening to the channel resistance (69K - 70K) Support levels: 0.5 Fibo (56K), 53500 Resistance levels: 59700, 62500, 70K A break of the local resistance may give an impulse to 62350. Next, we need to watch the price reaction at 62500. If the price will not pullback, but will start consolidating and squeezing, then we should wait for the breakout and growth to 70K Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;) Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
64
Sell EUR/GBP Bearish FlagThe EUR/GBP pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.8428, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.8396 2nd Support – 0.8377 Stop-Loss: To manage risk, place a stop-loss order above 0.8440. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
5
GOLD → Consolidation in a bull market. Will we reach 2550?FX:XAUUSD is moving into a consolidation phase amid a strong bullish trend as buyers are waiting for catalysts for a new upswing. Buyers are still serious, and Central Banks of major economies continue to actively buy the metal. Fears of a wider Middle East conflict, have eased, at the same time the US Dollar paused its overnight recovery. The corresponding reaction - flat, we observe on the chart of gold. Further price direction appears to be northward, as it remains supported by the Fed's dovish sentiment on monetary policy and looming geopolitical risks in the Middle East. In addition, hopes of improved physical gold demand from India and China are likely to limit the decline in the gold price. Resistance levels: 2517, 2531 Support levels: 2501, 2493, 2477 Technically, since the price is in a range and tested the resistance area earlier, the MM has a liquidity target at the bottom. Consequently, gold may test support (false breakdown) before heading towards resistance again. Emphasis on the channel boundary, 2501, 2493, 2477. Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;) Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
BTC - FINALLY - Bullish BREAKOUT? For the last few months, I've been preaching patience as we saw a multi-month correction play out, all as a part of the bigger-picture Elliot Wave playout. The charts are looking positive after some bullish action started showing up from yesterday. I'd be ready to say the corrective phase is finally over and we're starting the new impulse wave up IF Bitcoin can keep above this support level highlighted on the chart, around $63k. This would validate a successful Flag-Breakout / Pennant breakout pattern. However, if we close a daily UNDER this key support zone - it's likely that we're not there just yet. I'm still of the opinion we'll be on our way towards a new ATH close to December, as BTC loves Decembers historically. ______________________________ BINANCE:BTCUSDT
COINBASE:BTCUSDLong
by CryptoCheck-
SOL → Accumulation in the bullish trend continues ↑BINANCE:SOLUSDT after the shakeout relative to resistance and triangle support continues to consolidate again on the background of the bullish trend. The priority of the figure is the continuation of the current trend. The strong fall due to fundamental reasons: the US unemployment rate, profit-taking and panic are quickly bought back, bringing the coin back into the range, which in general hints us at a strong bullish component of the market. After a retest of 162.45 resistance, a correction is forming, 0.5 fibo may be tested, or trend support before further upside. Emphasis on triangle resistance, a retest or pre-breakout consolidation may be formed before a breakout. Support levels: 141.2, 136.7, 126.4 Resistance levels: 162.45, 188.32 Fundamentally, the menet has a good potential. Technically, the price is in a sideways movement, but against the background of a global bullish trend. After consolidation, a distribution is formed and our task is to understand in time when this distribution can start... Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:SOLUSDT ;) Regards R. Linda!
Long
by RLinda
9