Wednesday, Trade of the day 📊 Wednesday Trading Update
Tuesday didn’t give us any tangible plays — price action was choppy, unconvincing, and mostly noise. But that’s behind us. Let’s see what Wednesday brings, especially with London and NY sessions ahead.
Midweek is notoriously volatile for BYC, and historically, Wednesday has often been the day that breaks the range or gives us a proper deviation setup — so eyes sharp today 👀.
My trades today will stick to standard range plays, nothing forced. We're still sitting above 4H supply, and unless we get a clean breakout with structure shift, I’ll remain cautious and reactive, not predictive.
Here’s what I’m watching today:
👉 Look for clear market structure shifts on the LTF (lower timeframes)
👉 Divergences can give early signs if you're using oscillators
If I get time, I might record a quick session later. No promises, but I’ll update if that changes.
🎥 If you're unsure what to look for, go back through the video archive — everything you need has already been broken down in detail.
📅 Weekly Schedule:
Wednesday – ❌ No class
Thursday – ❌ No class
Friday – ❌ No class
Let’s stay sharp — volatile Wednesdays tend to reward patience and precision.
Harmonic Patterns
NZDJPY TECHNICAL AND FUNDAMENTALS DETAILED ANALYSISNZDJPY has just completed a bullish breakout from a well-defined symmetrical triangle on the 4H chart, confirming the start of a fresh impulsive move. Price action has broken cleanly above the descending trendline resistance around 87.400, supported by consecutive bullish candles with momentum. This breakout structure is signaling trend continuation, and I’m now targeting 89.500 as the next key resistance zone. The pair has also held higher lows consistently, showing strong bullish pressure in the medium term.
Fundamentally, the New Zealand Dollar remains supported by the Reserve Bank of New Zealand’s persistent hawkish stance. With the RBNZ maintaining higher interest rates to combat sticky domestic inflation, NZD has found strong backing in recent sessions. On the other hand, the Japanese Yen continues to weaken across the board, with the Bank of Japan maintaining ultra-loose monetary policy and no real signals of tightening. Japan’s latest inflation reading came in weaker than expected, further dimming any hawkish BOJ bets.
Today’s sentiment also reflects a global risk-on environment, with equities up and commodity-linked currencies like NZD benefiting. This reinforces bullish momentum in NZDJPY, especially as yield differentials between New Zealand and Japan favor carry trades. Technically, the pair could see brief pullbacks toward 87.100–86.900, which may offer fresh entries for bulls aiming to ride the breakout wave toward 89.500.
With technical confirmation, bullish momentum, and a supportive macro backdrop, NZDJPY looks well-positioned for further upside. I’ll be watching for sustained price action above the breakout zone, and any dips will be viewed as buying opportunities. The trend is up, and momentum is real—this is a textbook breakout setup aligned with both fundamentals and price action.
Ethereum - This structure decides everything!Ethereum - CRYPTO:ETHUSD - trades at a key structure:
(click chart above to see the in depth analysis👆🏻)
After Ethereum retested the previous all time high in the end of 2024, we saw quite a harsh move lower. This move was followed by an expected recovery, however Ethereum is still trading below a key structure. Either move is still possible and will shape the future of Ethereum.
Levels to watch: $2.500, $4.000
Keep your long term vision!
Philip (BasicTrading)
WULF / 2hAs illustrated on the NASDAQ:WULF 2h-frame above, considering the internal structure of the ongoing wave (c) would suggest now respecting an expanded diagonal as the ending formation of the entire correction in wave b(circled) as an alternative.
So after the completion of retracing up in the 4th subdivision, A final decline of 20% is expected to follow to conclude the entire correction in wave b(circled) in an expanded flat formation.
The next retracement target >> 3.20
Trend Analysis >> The trend will turn upward very soon! to a Minute degree impulsive wave c(circled) after completion of correcting down in the same degree wave b(circled).
#CryptoStocks #WULF #BTCMining #Bitcoin #BTC
CRUDE set to fire 82 $ 90 $ 104 $ ????Crude Daily Elliot waves count suggest big UP setup in progress right now
55 $ key level to watch for buyer Extension point
Due to amid middle-east war situation may trigger Up move impulse wave towards 82 $ to 104 $ range
EW count are keeping changing during different price action in different time frame & multiple forecast .
this educational based chart as per EW theory method
RIOT / 2hAccording to the NASDAQ:RIOT 's prior analysis, Minor degree wave B is retracing upward, as I'd outlined at the end of the second paragraph in the note on the chart.
Wave Analysis >> The leading diagonal in Minor degree wave A, is correcting up now in the same degree wave B which would develop in a three-wave sequence like a flat formation or zigzag.
Trend Analysis >> The trend would remain correcting downward in the Intermediate degree wave (2), which will take a few weeks to develop.
The retracing down targets >> 8.76 >> 8.20 >> 7.93 >> 7.67
#CryptoStocks #RIOT #BTCMining #Bitcoin #BTC
GBPUSD – Bullish Structure Holds, Waiting for a Clean RetestGBPUSD recently bounced strongly from the ascending trendline and hit resistance at 1.36300. The price is now slightly correcting, with a high probability of retesting the 1.35000 support zone – an area of FVG and technical confluence.
The bullish structure remains intact as long as price holds above this level. Positive UK Services PMI data further supports the medium-term uptrend.
Are you waiting for the pullback to jump in?
103 to 101K trade and reverse H&S patternMorning folks,
So, our Thu setup is done perfect, both targets are met and even more. Now we consider two different fast trades on BTC.
Now context remains bearish and 103K is rather strong 4H resistance area. So, first trade is scalp "Sell" from ~ 103K with "at least" target of 101K. In fact, choosing of 101K as a minimal target is based on the 2nd trade.
2nd trade is potential reverse H&S is sentiment on the market will start changing. But this is not the fact yet. That's why I place downside arrow here as well, if H&S will not be formed or start failing, BTC could drop lower so, downside trade might be even better.
#ETH/USDT#ETH
The price is moving within a descending channel on the 1-hour frame, adhering well to it, and is on its way to breaking it strongly upwards and retesting it.
We are seeing a rebound from the lower boundary of the descending channel, which is support at 2427.
We have a downtrend on the RSI indicator that is about to break and retest, which supports the upward trend.
We are looking for stability above the 100 moving average.
Entry price: 2447
First target: 2476
Second target: 2500
Third target: 2533
Short idea on $ETHJudging by the structure, if the vector is correctly identified, then on the ETH instrument, a rise to 3400–3600 remains relevant until the first serious correction (this idea would be invalidated in that case).
As for the potential trade — a breakout of the local highs amid global chaos and during the formation of wave 4 of a 5-wave structure. Typically, during the formation of wave 4, there is more media involvement, more noise, and panic.
I’m observing and planning to enter this trade.
Do not follow my vision blindly, as it could be detrimental to you.