Fractal
GBPUSD Technical Analysis and OutlookPrevious Observations:
Long-term Downtrend: Confirmed downtrend from mid-2021.
Major Support Breach: Below 1.2000 in late 2022.
Recent Recovery Attempt: Above 1.2400, buying pressure still evident.
Key Resistance Zones (1h): Current level @ 1.2450
Key Resistance Zones (4h): 1.2500-1.2600.
Key Support Zones (Weekly): 1.2000 and 1.1800 - There's room to keep pushing lower.
Potential Buying Climax (Daily, 4h, 1h): Steepness of recent rise hints at possible pullback.
Additional Bearish Confirmations for Potential Shorts :
- Price tested and bounced off the 200 EMA several times in Dec 2024 (4h).
- The pair is currently hovering around the 50% retracement level of the recent short-term decline, a common area for price reversals.
- Bearish divergence confirmations have already presented this week on the hourly time frame. This is a tell-tale sign of institutional orders being filled at specific levels and generation of further supply. (This may be the conclusion of a 'PHASE C' in a redistribution cycle).
- The dollar shows no signs of weakening against the GBP both in technicals as well as fundamentals (Recent data shows the U.S. economy added 256,000 jobs in December, surpassing forecasts and reinforcing a strong dollar narrative).
Conclusions:
Considering that we see a trendline breakout followed by strong bearish reactions which are ideally happening at HTF supply levels, we can assume that the fractal nature of the markets will play out accordingly. We should not ignore the fact that price has reacted from LTF demand or that we saw a recent bullish imbalance filled- entering shorts off the current supply level should only be done with sufficient confirmations (we may have to look at how the London session open influences price action).
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Trading involves significant risk, and it's essential to conduct your own thorough research and analysis before making any investment decisions. Past performance is not indicative of future results. Always use appropriate risk management techniques and trade responsibly.
EURUSD is possible to drop soon!Hey guys,
based on the chart, I've identified a resistance area (in 4H timeframe).
And we can see the rejection of price from the mentioned area.
Also as confirmation for our scenario is the descending channel that is identified on the chart.
So It ca be another good trading opportunity with risk/reward ratio around 1/4 which is considerable!
Good luck.
WILL BULLISH ORDER CANDLE ABLE TO REVERSE AUDUSD?AUDUSD pair now hovering over the bullish order candle. Will this be sufficient for the pair's bullish reversal to test its recent swing high? Goto LTF to establish bullish market structure; else, pair may still go further down.
N.B!
- AUDUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#audusd
BTC is poised...The momentum and price actions is looking very similar to what happened about 2 weeks ago. I've placed the fractal from it and if it plays out close to the same we will have one more quick visit below 100k only to then BLAST OFF and hit close to 120k by the end of January..
Only time will tell!
NFA! God Speed!
LINK Fractal | ALTS | Chainlink can EASILY +90%Chainlink is one of those alts that haven't yet made a new ATH with the rest of larger alt market group.
This means that the bullish cycle is taking a detour and it could be extended to another multi-month cycle, as I've previously stated in my BTC updates.
If LINK follows the previous pattern of a multi-month extended patter, we could see a fractal playout that takes us beyond the current ATH over the next few months.
_________________________
BINANCE:LINKUSDT
ADA Cardano Only Your Opinion Counts! ADAUSD No Trigger No TradePlease read the chart annotations for 🟢SeekingPips🟢 insight.
As mentioned on the above chart “Two Traders Can Have The Same Bias But One Will Make Money But The Other One Looses. WHY?
✅Note this ONE IS GOLD…
Write it down. Print It and even stick it to your forehead if you must…
THE BIG SECRET IS TIME. 👌
You know by now already that for 🟢SeekingPips🟢 TIME IS MORE IMPORTANT THAN PRICE.
🕒 TIME 🕕 is the ONE & ONLY THING THAT WE CAN FORECAST WITH 100% ACCURACY.
💡Let That Sink In…
I will TRY & GO INTO DEPTH on this subject over time on this 🟢SeekingPips🟢 Chanel
Bitcoin Dominance Update: Alt-Season around the corner!Bitcoin dominance is still in an obvious uptrend and in my opinion we can have a potential scenario as illustrated on the chart which the dominance will have a spike up to %68 as Bitcoin records new all-time highs and the alt-season that we all are waiting for will start right after hitting this level around Mid-February.
This analysis will be invalidated if the dominance closes below %56 before making new high above %60
SAFEMOON - Not so safe for the medium termIt looks as though there could be a fractal for SAFEMOON. Historiclally, we've seen rises like this but only to be dissapointed and for the trend to be reversed again. I've drawn out a blue line of what the most likely trajectory will occur. The only other alternative is that the upward trend will continue, buying action will surge and we will see a bursting through of the upper trend line and escape the channel. If it comes back within the channel momentarily, that's fine - but not if the volume dies down and we stay within. So, it doesn't look great for an investment and I wont be putting anyting into it. Follow for more.
EGLD (MultiverseX) - AltSeason Cycle - Bull RunBINANCE:EGLDUSD (#MultiverseX) is ready to jump.
That's because the #AltSeason shall push #AltCoins to the limits.
Its Market Cap ( CRYPTOCAP:EGLD ) is very low now and about to grow significantly.
This will be the result of #Crypto #MarketCap ( CRYPTOCAP:TOTAL3 & CRYPTOCAP:OTHERS ) breaking through their #ATH.
With #BitcoinDominance ( CRYPTOCAP:BTC.D ) showing signs of #Correction, #eGold should prevail.
What Happened with BINANCE:EGLDUSDT ?
#EGLD managed to spike a bit in the end of '23, thus confirming the start of a larger #Bullish #Cycle.
#Correction is also complete (Q4 in '24), which leaves room for the Bull.
What's next for BINANCE:EGLDUSD ?
An Impressive Rise is expected for $EGLD.
The current levels are to be watched closely by #Traders going #Long.
#MultiverseX #TechnicalAnalysis
- #ElliottWave A-B-C Sequence: Confirmed
- Intermediate (A) & (B) (white): Complete
- #Bullish #Fractal: Commenced
- #Fibonacci Levels: Conditions Met
My BINANCE:EGLDUSDT #Long Levels
#HODL #Trade:
- Entry @ 31.00 USD (or below)
- TP @ 420.00 USD
#Futures #Trading:
- Entry @ 31.00 USD (or below)
- SL @ 10.00 USD
- TP @ 225.00 USD
Dollar Index for Next 2 yearsThe Dollar Index (DXY) has been a critical gauge of the U.S. dollar's strength, and its movements are closely monitored by traders worldwide. Based on my analysis, I believe the next two years will bring significant challenges for the dollar, potentially leading to a heavy decline.
In my view, the DXY will struggle to hold above 120, even in the case of temporary fake breakouts or sharp rejections. This level represents a strong historical resistance zone, and any attempt to break higher is likely to face immense selling pressure. However, what’s more concerning is the potential for a deep bearish trend, with the index dropping below 95 during this period.
Several factors could contribute to this scenario. A pivot by the Federal Reserve toward more accommodative policies, slowing U.S. economic growth, and the growing global efforts to reduce reliance on the U.S. dollar in international trade could all weigh heavily on the index. Technically, the long-term charts indicate that the dollar is already facing structural resistance, and a break below key support levels could accelerate the decline.
If the DXY does drop below 95, it could trigger ripple effects across global markets, impacting currencies, commodities, and equities alike. This level represents a critical threshold that could reshape market sentiment and trading strategies.
Disclaimer:
This analysis reflects my personal opinion and is not financial advice. The markets are highly volatile, and unexpected macroeconomic or geopolitical developments could drastically alter this outlook. Always conduct your own research and manage risk carefully when trading.
Let me know your thoughts in the comments—do you see the Dollar Index heading for a crash, or do you have a different outlook? Let's discuss!
#DXY #Forex #DollarIndex #TechnicalAnalysis #TradingView
GOLD XAUUSD New All Time High? A Cheeky Short SELL Maybe? XAU A🌟Gold has been a monster and very kind to all those who have been accumulating this precious metal.🌟
🟢 As XAUUSD approaches another ALL TIME HIGH.
🔴 A fair case can easily be made for a SHORT UP HERE.
You know already I don't advocate for trying to catch tops and bottoms Buttttt...
THIS TIME IT'S DIGFERNT RIGHT? lol🤣
Only kidding.
In all seriousness anticipating a retracement from all time highs is always a fair trade if your TRIGGER SIGANL arrives.
Risk is easy to identify x points above the new high bar test is always an option.
✅️ You know I always require a HIGHER HIGH & LOWER CLOSE when trying to catch a short reversal.
Have A GREAT WEEKEND & REMEMBER manage your risk well and you will always be arround to trade another day.✅️
⭐️No trigger No Trade⭐️
ℹ️ I will be digging into the Crypto charts this weekend so stay tunned
GOLD TODAY'S EXPECTED MOVEIn this analysis we are focusing on 2H time frame for finding the upcoming moves and changes in Gold price. So let's see what's happens and which opportunity market will give us.
Make sure Bearish confirmation must important, when you execute your trade.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my analysis or prediction.
Feel free to share your thoughts on this in the comments below. I’d love to hear your reflections.
#XAUUSD 2H Technical Analysis Expected Move.
BTC Long Opporunity on Daily - Continued UpTrendBTC Has been completely outpacing the dollar on a wider frame as noted by the Monthy Time Frame. After the election result BTC has reached a new level and is consolidating on the Daily though it looks innocous on the monthly time frame.
These type of opportunities shows the relation between LTF & HTF and how a LTF entry can be timed as long as conviction on the HTF continuation is still fresh (dotted arrow). The same can be done as far as the exit is concerned.
The daily is consolidating near the the All Time Highs on a rather ambiguous Supply Area. An idea can be to bite the bullet and enter the breakout of the smaller box. Or wait for some more visual clarity. Considering the pace of cypto market at large and the strong fundamentals supporting bullish sentiment. May be best to enter on the break and call it a day.
Inspired by Bob Volman & Adam Grimes
EOS The Ethereum Killer (Part 2) - HODL & FuturesCOINBASE:EOSUSD finally found a Bottom, similar to what CRYPTOCAP:XRP did.
I was able to go #Long on decent Levels, both on #Futures and for #HODL.
Took profit on the #Bullish Swing for the #Futures #Trades, and remained #HODL mode.
* all well documented in the related ideas.
Now I am loading #Longs on $EOSUSD.
Even though BINANCE:EOSUSDT can correct more, I am in!
For #HODL I am aiming long-term, but for #Futures #Buy #Orders, I will cash in sooner.
What Happened With COINBASE:EOSUSD ?
While MARKETSCOM:BITCOIN was shining high, this "worthless piece of token" did not do much.
However, it did something important: COINBASE:EOSUSD confirmed the #ElliottWave 1.
Where Next #EthereumKiller ?
BINANCE:EOSUSDT provided the proof of an up-coming #Impulse, also made the #Correction.
It's expected to #Rally and go #Bullish.
#EOSNetwork #TechnicalAnalysis
- #ElliottWave #Bull: Intermediate (A) (turquoise)
- #Correction: Intermediate (B) (turquoise)
- #Bullish & #Bearish #Fractal
- #Fibonacci Retracements
* Expectations: #MotiveWave / #Impulse in Intermediate (C) (turquoise).
My #Long Levels On BINANCE:EOSUSDT
- Entry @ 0.8 USD
- SL @ 0.3 USD
- TP @ 8 USD
This rise in COINBASE:EOSUSD could be the result of CRYPTOCAP:BTC.D (#BitcoinDominance) making the #Correction.
All this while CRYPTOCAP:TOTAL3 & CRYPTOCAP:OTHERS making their point.
Ripple (XRP) - ATH Break-Out - 5th WaveMARKETSCOM:RIPPLE ( CRYPTOCAP:XRP ) spiked in Q4 of '24, as per my predictions and tracking.
I managed to ride the #Bullish #Wave, but only half way.
Even though knew it was gonna' create a new #ATH, I got paper hands and cashed in at the 1.5 USD Mark.
That's because I was expecting back then a bigger #Correction, which was short-lived.
I was left holding the bag... anyway I'm OK with it, CRYPTOCAP:BTC & CRYPTOCAP:SOL did well.
BITSTAMP:XRPUSD at #ATH, What's Next?
A last push in the 5th of 5th Wave, to finalize the #Impulse.
This is because MARKETSCOM:BITCOIN is also #Bullish.
BINANCE:XRPUSDT - #TechnicalAnalysis
- #ElliottWave #Impulse in Intermediate (C) (white)
- 5th Wave Completion
- #ATH #Break-Out
- Nov '17 / Jan '18 Fractal
My MARKETSCOM:RIPPLE #Long Levels
- Entry @ 3 USD
- SL @ 2.3 USD
- TP @ 5 USD (it can go higher)
What About After This?
Honestly, I am not keen on CRYPTOCAP:XRP that much, even though the Media Sentiment is off the hook.
Why? Because it simply does not have a #Bullish / #Impulsive Structure.
It's full of #Corrective features, which makes it a Larger Degree B Wave.
Conclusion: A considerable #Retracement right after, similar to the one in '18.
This could be because Bitcoin Dominance ( CRYPTOCAP:BTC.D ) would correct, while #Altcoins Market Cap ( CRYPTOCAP:TOTAL3 ) will also spike above its #ATH.
Hood primed to correctHood has had an amazing run so far. If you look back we have a previous 5 wave move on the weekly with a healthy correction. Despite BTC bullishness hood is primed for a correction here. There is a possibility that the 5th wave moves further. BBWP and stochastic momentum cannot stay this high forever. The stock remains very far from moving averages as well.
My plan:
I look for another entry around 37-38$ or at least a connection with the 21EMA