Same Support level tested againUpdate as on 06-03-2025
Support level that was
mentioned a month ago, again played
well.
Now again 600 - 630 is the resistance for now.
Goldenpocket
Bitcoin, Mind The Gap (85,720) The massive move initiated from Trumps tweet Sunday about the Crypto Strategic Reserve has left a massive gap on the Bitcoin Futures Chart. Gaps tend to get fill sooner rather than later, with a high 90% hit rate on gaps getting filled.
We could see a pullback this week to fill the gap with another run up following back above 90k to save the weekly close ... again.
We see confluence with the golden pocket (0.6128 - 0.65 Fib) here on that retracement and also the most amount of volume (VPVR) being traded there.
A final test of the demand below 90k, which if shown as support, will lead us back into the range of 90k to 110k.
Litecoin bullish? Have you noticed the uptick in interest in LTC lately? No? People are buying it up.
See how it just touched the 0.702 again.. You cant make this shit up!
Have you bought some LTC??
Bitcoin Breaks Key Support: Is $72K the Next Target?Bitcoin has officially broken below the $91,000 support level, a key structural low that previously acted as a strong base for price action. This breakdown is significant, as it signals a shift in market sentiment and opens the door for a potential retest of lower price levels.
The first major area of interest now lies in the green Fair Value Gap (FVG) at the $80,000 level. This region represents an imbalance that has yet to be fully filled, making it a likely point of support where buyers could step in. However, the strength of this level will be critical to monitor
if bulls fail to defend it, we could see an even deeper correction.
🚨 Why Is $72K an Important Level?
If Bitcoin fails to hold above the $80,000 FVG, the next major target would be the red Fair Value Gap around $72,000, which also aligns with the golden pocket retracement zone (between the 0.618-0.65 Fibonacci levels). This area is a strong draw on liquidity, meaning that large players in the market could be targeting this level to accumulate Bitcoin at a discount.
Historically, golden pocket regions often act as high-probability reversal zones, but if sentiment remains weak, we could even see a deeper correction towards lower Fibonacci retracement levels, such as the 0.786 zone at around $64,000.
🔥 Key Factors Driving Bitcoin’s Recent Drop
Several major events and macroeconomic factors are currently weighing on Bitcoin’s price action:
📉 Loss of Trump-Driven Crypto Euphoria
Bitcoin and the broader crypto market initially surged on speculation that Donald Trump’s return to the political spotlight would lead to favorable regulations for the industry. However, recent developments have dampened this optimism. Policy details remain unclear, and investors are beginning to question whether the market got ahead of itself.
🔓 Major Crypto Security Concerns
A recent record-breaking $1.5 billion hack on crypto exchange Bybit has raised security fears across the industry. This has led to increased outflows from centralized exchanges as investors rush to secure their assets, adding sell pressure to the market.
⚖️ Regulatory Uncertainty & SEC Scrutiny
The SEC has formed a new task force focused on digital assets, signaling more regulatory oversight in the near future. While some see this as a step toward legitimizing crypto, others fear it could bring stricter enforcement actions, particularly against DeFi platforms and stablecoins.
📊 Declining On-Chain Metrics & Miner Sell-offs
On-chain data suggests that miners have been selling Bitcoin at an increased rate, likely to cover operational costs as mining difficulty continues to rise. This has added additional downward pressure on price.
🔍 Key Levels to Watch Moving Forward
✅ $80,000 (Green FVG) → First major support zone
✅ $72,000 (Red FVG & Golden Pocket) → Strong liquidity draw if $80K fails
🚨 Below $72,000 → Potential retracement toward the 64K-65K region
📢 Final Thoughts: What’s Next for Bitcoin?
Bitcoin is at a critical inflection point whether we hold $80K or drop toward $72K will determine the next major trend. The current breakdown suggests more downside in the short term, but these lower levels could offer an excellent buying opportunity for long-term investors.
With upcoming regulatory decisions, macroeconomic uncertainty, and potential geopolitical factors, traders should remain cautious and watch key support levels closely.
👉 Are you buying the dip, or do you think Bitcoin has further to fall? Let me know your thoughts in the comments! 🚀📉
BTC Price Target #2: A Bounce Off the 200 MA or Golden PocketA case more bullish than an undoing of the move of BTC from $60K to six digits...
Price action could plausibly retrace to the 200d MA or Golden Pocket of the move from the 10/10/24 Swing Low and find support on either.
This case would likely play out as a violent wick down and v-shaped return to VAL of the volume profile. If we are talking a Golden Pocket retracement, a noteworthy CME Gap would be filled.
Bitcoin's Next Big Move? Critical $103K Resistance Ahead!Bitcoin has broken out of its recent consolidation range after a classic liquidity sweep at the lows. As marked on the chart (red line), we saw a significant stop-loss hunt below the previous support level, triggering a cascade of liquidations before BTC swiftly rebounded. This move confirmed bullish intent, allowing Bitcoin to reclaim momentum and push back toward the critical psychological level of $100K.
Now, all eyes are on the $103K resistance zone, which is a major confluence area for multiple reasons:
📌 Fair Value Gap (FVG) – This imbalance in price action suggests that liquidity is resting in this region, making it a key level for market reactions.
📌 Fibonacci Golden Pocket (0.618 - 0.65 retracement) – One of the strongest retracement levels in trading, often acting as a magnet for price action before a decisive move.
📌 Historical Resistance – This area has already been tested twice (marked as "First Hit" and "Second Hit" on the chart) and resulted in strong rejections both times.
What’s Next for Bitcoin?
🔹 Bullish Scenario: If BTC can break through $103K with strong volume, we could see a continuation towards $105K - $107K, with a potential extension toward $110K in the mid-term.
🔹 Bearish Scenario: A rejection from this resistance could lead to another pullback, possibly back to the $96K support level or even lower before another attempt to push higher.
Why This Level Matters:
The liquidity structure here is key. Many traders will have short positions stacked at this resistance, and a breakout could trigger a short squeeze, fueling a rapid move higher. However, if sellers overpower buyers in this zone, BTC could struggle to sustain its gains and might need another accumulation phase before making a decisive breakout.
Final Thoughts
This is a critical moment for Bitcoin. Will the bulls break through $103K and continue the rally, or will this level act as a major roadblock once again? Watch this level closely, and let me know your thoughts in the comments!
RCI, Bear Flag On The Daily As Well As The 4hr Analyzing both the daily and 4-hour charts reveals a very prominent bear flag, which has formed following a steep decline. This pattern is often indicative of further downward movement, and it's hard to ignore the implications.
Word on the street is that they're currently in dire straits. Since the Shaw acquisition, they've hemorrhaged 11 billion in valuation. The situation is exacerbated by declining revenues and missed growth targets. In short, it's not looking promising.
If the trend continues downward, we might see the price testing the $19 USD mark sooner rather than later.
For those who are currently long on this or have any vested interest, it might be prudent to reconsider your position and cut your losses before it's too late.
SOL 4H RANGESOLANA is down -40% from making a new ATH to the bottom of the crash wick @ $175. Looking at the chart, unless BTC decides to gap down again from a TA standpoint SOL looks good here.
A triple tap of the bottom with a reclaim of the bullish orderblock that coincides with the golden pocket zone from local LTF high to low, followed by a strong reaction from that zone. Q1 is historically good for altcoins and so the all of these points added together the R:R at this level is good IMO.
Profit taking through the range quarters.
The idea is invalid once price accepts below the triple tap bottom under $170.
Will LINK Hold or Dive Deeper? Major Support Ahead!LINK has been range-bound for the past two weeks, struggling to break through the $26-$27 Key Zone. After multiple strong rejections, price started slowly to pull back, now approaching a critical support zone, the 0.618 Fibonacci retracement at $21.41.
Key Levels & Recent Price Action:
0.618 Fib Retracement ($21.41)
Weekly Level ($20.96) & 0.666 Fib → Additional confluence reinforcing this support zone
Fib Speed Fan (0.8) → Aligns with this level, making it a high-probability bounce area
Short Trade Recap
Today, the weekly level was tested, leading to a rejection, offering a valid short setup.
For the short trade target the dOpen was hit perfectly, acting as a key intraday level.
Now, the big question:
Will LINK lose the dOpen and head lower to finally test the 0.618 retracement?
Or will buyers step in to defend this level?
Long Setup & Upside Potential:
Entry Zone: $21.41 - $20.96 (Golden Pocket)
Stop Loss: Below 0.786 Fib
Take Profit: $30 psychological level, $35 - 0.618 Fib
Why This Trade Setup is High-Probability:
Liquidity Sweep Potential → A dip into this range could liquidate long positions, creating a strong buying opportunity
Golden Pocket Confluence → 0.618 & 0.666 Fibs + Weekly Support = A strong demand zone
Final Thoughts:
If LINK breaks below the dOpen, the swing low and the 0.618 fib retracement becomes the key level to watch for a high-probability long entry.
If price reacts strongly to this support zone, a long trade could target $30+ in the coming future, offering an excellent risk-to-reward setup!
DEEP in the Game: Perfect Long Setup UnfoldingDEEP has recently shown an impressive move, surging by +65% in just one day. This is a strong sign of momentum, but now we are at an interesting stage, with price ranging within certain key levels.
Key Price Levels:
1.) Resistance at $0.276255 (Weekly Level & Fib 0.618):
DEEP has been reacting precisely to Fibonacci levels and key price zones. After reaching the 0.618 Fib retracement, it encountered strong resistance near the weekly level at $0.276255. Since then, the price has been in a pullback phase
2.) Head and Shoulders Pattern:
After the impulsive move, DEEP formed a head and shoulders pattern, which was broken to the downside. The classic pattern completion confirms a bearish bias, but the subsequent retest of the broken neckline leads us to the current range
3.) Support at $0.209732 (Fib & Liquidity Zone):
The Fib retracement 0.786 of this 5-wave impulse aligns with $0.209732, where we also see liquidity stacking up. This is an ideal support area where we might see a bounce, given the confluence of the head and shoulders target aligning here
The Fib retracement 0.618 from the larger wave is close at $0.208073, giving us even more confirmation of the importance of this region
4.) Fib Speed Fan:
Additionally, the Fib speed fan places the 0.818 level right at this support zone. This adds another layer of confidence to the idea that this could be a strong entry point for the long setup
Trade Setup:
The combination of these factors creates an ideal long setup:
Entry Range: The key levels we are looking at for entering are between $0.21 and $0.208.
Major Confluences: We have the Fib retracement 0.618 from the larger wave, head and shoulders target and Fib speed fan support all aligning here. This is not just coincidence, it's a perfect storm of technical support!
Stop Loss (SL):
Place the SL below the 0.786 level for now. This would provide a good margin to avoid unnecessary market noise, with the option to ladder your stop loss towards this 0.786 level depending on price action
Target Range:
A 2:1 risk-to-reward ratio or higher. This price point aligns with a previous key level of resistance and is an excellent target based on this setup
Confirmation:
Before executing, always look for confirmation:
Volume: Ensure there's enough volume to support the move
Candlestick Pattern: Look for a solid reversal candle at the support zone (e.g. bullish engulfing, hammer, etc.)
Order Flow: Ensure that the order flow is in favour of the long position, signaling that buyers are stepping in
Remember, trading is all about patience and confirmation. Keep an eye on volume, candlestick patterns and overall order flow before jumping in.
Let’s see how DEEP plays out.
DEEP Key Levels - Weekend Trade SetupsDEEP has been consolidating in a 6-day trading range and as we move into the weekend, lets look at the setups.
Short Trade Setup
Resistance Zone: The 0.786 Fibonacci retracement aligns with the POC of the 6-day range at $0.304, making it an ideal short entry
Target: The 0.618 Fibonacci retracement at $0.208, where liquidity has built up below
Risk-to-Reward (R:R): This short offers an impressive 10:1 R:R if the setup plays out
Long Trade Setup
Support Zone: The 0.618 Fibonacci retracement at $0.208 also serves as a key support level
Anchored VWAP from the recent highs provides additional support near this level
Stop Loss: Stop just below $0.195
Take Profit: TP at round 0.24
2281: Bullish Reversal from POC_Golden Pocket2281
Continuously in downtrend. Earlier estimations of reversal from bearish flag completion and support levels did not sustain (Bears dominated).
However, current price movement (green candles) at POC is confirming the interest of buyers.
This is in confluence with 50% fib (Golden Pocket)
Entry can be taken now (HH) or after formation of HL (conservative)
Keep SL intact as identified.
Bull Flag on BTC Daily!!!The cryptocurrency market is once again at the edge of a seismic shift. Following the recent uptrend, Bitcoin (BTC) has established a formidable Bull Flag on the daily chart. By utilizing a trend-based Fibonacci extension on top of the current Bull Flag, we can identify the coveted 'golden pocket' positioned at $126,000, with the subsequent target level at an impressive $185,000.
If historical patterns hold true, this year is set to be another record-breaking period for Bitcoin and the broader crypto market. Investors and enthusiasts alike should prepare for a potentially parabolic movement. Fasten your seat belts, an exciting journey awaits.
Bearish Breakout: ZEN’s Path to $26 RevealedZEN has broken below both the daily open (dOpen) and weekly open (wOpen), signaling increased bearish momentum. The previous support levels now act as a Support/Resistance Zone, and bullish recovery requires reclaiming both dOpen and wOpen with significant volume. However, the current setup suggests further downside toward the $26–$25 range, which aligns with multiple confluences and the target from the Head & Shoulders (H&S) pattern.
Confluence for $26–$25 Support Zone:
Fibonacci Retracement (0.618): The key retracement level provides a strong support area.
$25 Key Level: A psychological and technical key level with historical significance.
Point of Control (POC): The POC from the previous trading range aligns perfectly with this zone.
Trend-Based Fibonacci Extension (1.272): The projected extension supports the target.
Fibonacci Speed Fan (0.777): Adds further confluence for this price level.
H&S Target: The projected target of the confirmed Head & Shoulders pattern coincides with this zone.
Outlook and Strategy:
Short-Term Bias: The bearish trend remains dominant unless bulls manage to reclaim dOpen and wOpen with strong volume.
Target Area: The $26–$25 range serves as the most probable area for a bounce or reversal due to multiple technical confluences.
Next Steps: If price reaches the support zone, look for a high-probability long setup with confirmation through increased buying volume, bullish candlestick patterns, and alignment with key indicators.
ZEN - Is It Time for a Correction?It appears that ZEN is in the process of forming a potential ABC corrective structure:
Wave A and Wave B Context:
Wave A (5 impulsive waves down) is complete, forming the foundation of this corrective pattern.
Wave B retracement is currently unfolding, heading toward the golden pocket zone (Fib 0.618 - 0.666). If price extends further to Fib 0.786, this would offer the best short entry with minimal risk and high reward potential.
Ideal Short Entry Zone:
The golden pocket (Fib 0.618 - 0.666) is identified as the optimal area for initiating short positions.
For added precision, consider laddering entries from Fib 0.618 up to Fib 0.786, especially during fast impulses.
Wave C Target Zone:
The projected Wave C target remains the 1:1 trend-based Fibonacci extension at $24.46, with the following key confluences:
Anchored VWAP at $29
Point of Control (POC) from the old trading range
Psychological level of $30
Fib speed fan 0.618 aligning with the support zone
Trading Plan
Short Setup:
Ladder short entries in the Fib 0.618 - 0.786 zone, monitoring price action for confirmation.
Aim for Wave C completion around the $30-$29 support zone
Long Setup (Wave C Completion):
Watch for signs of reversal at the $30-$29 support zone, which offers significant confluence for long entries.
NEAR - Primed for Action: Long Setup to $6 NEAR experienced a strong bounce after a significant sell off. The price has now retraced into the golden pocket zone (0.618–0.666 Fibonacci retracement) and appears to be accumulating within this range atm.
Key Observations and Trade Setups:
Accumulation at Golden Pocket:
The formation of a trading range in this area indicates that buyers are stepping in.
Once volume begins to pick up, it could signal the start of an upward move.
Upside Target:
Using the Trend-Based Fibonacci Extension, we project a 1:1 target around $6, which coincides with a key resistance level and another golden pocket zone.
This provides a potential gain of +22% for the long trade over the coming days.
Short Opportunity at Resistance:
The $6 level represents a strong confluence of Fibonacci and resistance, offering an excellent shorting opportunity if the price gets rejected there.
Trade Plan:
Long Setup:
Entry: Current accumulation zone around $5, also a key level to watch
Target: $6 for a possible +22% gain
Stop Loss: Below $4.50
Short Setup:
Entry: Around $6, once rejection is confirmed
Target: Depending on confirmation, potentially back to the golden pocket zone
ADA – Is the $1 Support Zone the Next Target?ADA is currently trading within a well established range-bound structure. Here’s the breakdown of this setup:
1. Key Levels to Watch
$1.00
This is the most critical support zone and psychological level.
The Golden Pocket (0.618 Fibonacci retracement) lies perfectly at this level, adding strong confluence for buyers to step in.
Resistance:
Around the 0.786 Fibonacci retracement level (~$1.107), where price could be rejecting. The 0.786 Fibonacci level coincides with the Point of Control (POC) of the trading range.
The anchored VWAP (Volume Weighted Average Price) aligns with this resistance, creating a high-probability short opportunity!
2. Trade Setup: Low-Risk Short Opportunity
Given the confluence of the following:
0.786 Fibonacci level (~$1.107): Resistance zone.
Anchored VWAP: Adding overhead selling pressure.
Order Block & Golden Pocket at $1: Strong support target.
This creates a low-risk short setup:
Entry: Near $1.107
Take-Profit: $1.015
Stop-Loss: Above $1.113 to limit risk exposure.
3. Risk-to-Reward Ratio
Risk: ~1% loss (tight stop above resistance).
Reward: ~8% gain (targeting the $1.00 support).
This gives us an 8:1 risk-to-reward ratio, making it a highly favorable trade setup.
4. Supporting Indicators
Volume Profile: Price has significant volume accumulation near the current range, indicating strong resistance around $1.10-$1.12.
Bearish Structure: Price remains below the anchored vwap (yellow line), indicating bearish momentum.
Conclusion
ADA is showing strong confluence for a potential short opportunity with minimal risk and significant upside reward. A retest of the $1 support is likely, given the combination of the Fibonacci Golden Pocket, order block and anchored VWAP resistance.
XAUUSD Bearish Reversal: Double Top and Golden Pocket Breakdown!OANDA:XAUUSD - 2Hr
The analysis suggests the market is showing bearish signals, particularly after price rejected at key resistance zones during the Asian session. The Ascending Channel indicates an upward trend, but the breakdown from the channel signals that bullish momentum is weakening.
Key Elements Driving the Short Trade:
1. Golden Pocket (0.5–0.618 Fib):
The price has reached the Golden Pocket (between 0.5 and 0.618 Fibonacci levels), a strong reversal zone. Rejections in this zone often signal a potential change in trend, especially when combined with other bearish signals.
2. MML Major Resistance:
The MML Major Resistance suggests that the market is encountering a significant obstacle, further validating the potential for a reversal.
3. Strong Resistance:
The price is facing Strong Resistance at higher levels, which is causing the price to struggle and reject, confirming the reversal bias.
4. Double Top:
The Double Top pattern at the Golden Pocket indicates that the price has attempted to break higher twice but failed, signaling weakness and a likely bearish shift. This pattern often leads to a trend reversal.
5. Price Gap:
A Price Gap further confirms a shift in market sentiment, with a possible imbalance or sudden price movement that reinforces the bearish view.
Current Price Action:
During the Asian session, price broke down from the Ascending Channel, signaling a shift from an uptrend to a potential downtrend. The breakdown occurred near Equilibrium and the 50% Fib retracement, reinforcing the idea of a reversal as this is where price typically finds resistance in a trend. The Double Top at the Golden Pocket suggests a strong potential for a downward move as the price has failed to continue higher. Currently, the price is above a Strong Pivot Point, which is acting as support, potentially leading to a short-term pullback or consolidation before the bearish move continues.
Interpretation:
The combination of the Golden Pocket, Double Top, and rejection at key resistance levels gives a strong bearish signal. The ideal entry point would be after confirmation of price breaking below the Strong Pivot Point or failing to sustain above it, with a target near the next support or at Price Gap, as mentioned Price target. Place the stop loss just above the Double Top or near the Strong Resistance zone to limit risk in case the market reverses back up.
In conclusion, the market is showing signs of a bearish reversal after rejection at multiple key levels, and the analysis points toward potential short opportunities with proper risk management.
"Stick to Your Plan and Manage Risk, Happy Trading!"
VRA, Verasity, 0.618 Fib retrace sets up a 100x algo targetMy favorite trade, to avoid being repetitive & to save time I'll just give the trade and spare you the write up. See linked BTC chart for more details.
Beautiful double bottom into the golden pocket... excellent R:R
The Trade?
Preferred Entry: $0.025
Ape Entry: $0.0275
Stop: $0.019
Target: $1.41
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
DAG, Constellation, Golden pocket sets up a 50x algo targetMy favorite trade, since it's set up across many alts, to avoid being repetitive & save time I'll just give the trade and spare you the write up. See linked BTC for more.
The Trade?
Preferred Entry: $0.025
Ape Entry: $0.0275
Stop: $0.019
Target: $1.41
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
4015: Correction (Watchout for reversal_Golden Pocket??)4015
Continuously forming HH and HL
Bullish Flag Pole and C&H target complete
Bearish Divergences are appearing on Daily and Weekly time frames.
Candlesticks on weekly are clearly showing dominance of bears
A correction is expected.
Price currently at Golden Pocket, Watchout for reversal
Massive Bull Flag on the Daily & Weekly, The breakout of this Bull Flag is going to bring BTC once again to heights we have yet to see. When we use a Trend Base Fib Ext, we can see the next Golden Pocket sitting up at $85.600. This is a continuation of the monster Cup & Handle we broke out from earlier this year.
1111: Great Upside Potential After Correction1111 after correction has reached 61.8% fib level (Golden Pocket)
A horizontal support level is also acting as trend reversal
Formation of HH, HL are observed.
Ride the trend with trailing SL.
Manage your risk accordingly.
