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Harmonic Patterns

BTC: SELL againThe short-selling target of 80K for BTC this week has been achieved. Today, there has been a rebound after hitting the bottom. However, the downward trend of BTC has been established. You can continue to short-sell when it reaches around 85K-86K. Currently, the account starting with 40K has reached 200K. In March, I will reach a profit of one million, and I will share my daily trading orders. You can copy my orders for trading. Click on the link below this article to obtain the relevant information.
Short
by Kill_the_dealer
US Dollar Index From a Technician’s Point of ViewBuyers and Sellers Squaring Off Between Monthly Support and Resistance Monthly resistance from 109.33 was a technical headwind I monitored on the US Dollar Index for a while, and so far, it has not disappointed me. The said resistance welcomed moderate selling in February, and although the combination of the 107.35 high (October 2023) and 106.52 high (April 2024) could offer monthly support (see two red arrows), I am also watching the ‘local’ descending monthly support as a potential downside objective, taken from the noted high of 107.35. Daily AB=CD Support Holds Firm Meanwhile, price action on the daily timeframe reveals the Index rebounded from an area made up of ‘AB=CD support’ between the 1.272% Fibonacci projection ratio at 105.77 and a 100% projection ratio of 106.65. It is common for AB=CD traders to target the 38.2% and 61.8% Fibonacci retracement ratios that are derived from legs A-D, which, in this case, rest at 107.70 and 108.64, respectively. You may also note that the 38.2% Fibonacci retracement ratio shares chart space closely with resistance from 107.77. In addition, short-term flow on the H1 timeframe witnessed price rebound from support at 107.24 and shake hands with resistance at 107.61, a 61.8% Fibonacci retracement ratio that unites with trendline support-turned-resistance, taken from the low of 106.57. Daily/H1 Resistances in Focus Given possible monthly support in play from between 106.52 and 107.35, together with daily price manoeuvring from AB=CD support at 105.77-106.65 to within striking distance of resistance at 107.77 and H1 price connecting with resistance around 107.61, this is a thorny market to trade right now and hinges on how price behaves at the aforementioned daily/H1 resistances. Engulfing the noted resistances unearths a possible bullish scenario to the 50-day simple moving average at 108.00, followed by a potential move towards the 61.8% Fibonacci retracement ratio at 108.64 on the daily chart. On the other hand, should bears take control of the current resistances, I would look for the unit to retest (and eventually consume) H1 support at 107.24 to potentially target H1 support at 106.75 (located just north of the daily AB=CD support zone). Written by FP Markets Market Analyst Aaron Hill
TVC:DXY
by FPMarkets
Bitcoin (BTC/USD) Daily AnalysisHello Traders 👋 📉 Further Decline Expected in Bitcoin! 1. Current Market Situation: ✅ Bitcoin is currently trading at $84,975. ✅ The price has dropped from the $100,000 - $110,000 resistance zone. ✅ It has tested the $84,000 - $85,000 support zone, but there is a high chance of further decline. 2. Key Levels to Watch: 🔴 Breakdown Level: $78,953 → A break below this could lead to further downside. 🔵 Target Level: $69,978 → A strong support zone. 🟢 Retracement Zone: $85,000 → If price gets rejected here, it could be a sell opportunity. 3. Possible Trading Strategy: 📌 Sell Entry: • If Bitcoin closes below $78,953, a short trade opportunity arises. • Confirmation: Strong red candle or rejection from resistance. 🎯 Target Levels: • First Target: $75,000 (nearest support). • Second Target: $69,978 (major support). ❌ Stop Loss: • If entering a short position at $78,953 breakdown, an ideal stop loss is between $82,000 - $83,000. • Avoid placing a tight stop loss at $85,000, as fake breakouts can happen. ⚠️ Risk Management: • If Bitcoin moves above $85,000 and holds, it could attempt to go bullish again. • Large traders might target buying near $70,000 for a potential bounce. Conclusion: ✅ Bitcoin is showing bearish momentum and could drop further if $78,953 support breaks. ✅ A price decline towards $69,978 is likely in the coming days. ✅ Use a stop loss of $82,000 - $83,000 to avoid getting trapped in fake breakouts. 🚀 Always follow risk management and wait for market confirmation before entering trades! #Bitcoin #CryptoTrading #BTCUpdate
BITSTAMP:BTCUSD
by Singnals_provider_King
BTC BTC ,THE CLOSE OF 4hr candle rejecting the broken descending trendline with strong price action at 86k level, watch the break and retest of that descending trend line for buy confirmation and the demand floor at 78k-76k is a valid buy zone ,buyers will have too demonstrate demand power to keep price within the zone or a break out of the zone will be with 40k-50k zone . Now am seeing discount coming after watching the nature of the chart, how the weekly candle closes will give a clue and provide clear directional bias . DO you think buyers will overcome the sell pressure to sustain bullish momentum and trend???
Long
by Shavyfxhub
1
Nifty 50’s Major Breakdown! Next Target: 21,206Hello Traders 👋👋 Key Observations: 1. Support Breakdown: • A critical support level around 22,400 has been breached, leading to a sharp decline in price. 2. Target Projection: • The chart highlights a potential downside target at 21,206.65, which aligns with the next significant support zone. 3. Volume Surge: • The highlighted yellow zone suggests an increase in trading volume, confirming strong selling pressure accompanying the breakdown. This technical setup suggests a bearish outlook unless the price reclaims the broken support level. Traders may consider risk management strategies accordingly.
NSE:NIFTY
by Singnals_provider_King