Bitcoin - 97,665 soon! Big drop on altcoins... (Buy here)I hope you sold in May and went away, as I recommended in my previous posts! If not, you probably wonder why Bitcoin is going down.
From a technical point of view, Bitcoin is breaking down out of the ascending parallel channel of the main uptrend from 74k to 112k. This is huge! Altcoins are already bleeding hard, and Bitcoin will go to 97,665 in the immediate short term. Why is this level so important? First of all, it's the 0.382 FIB level of the previous uptrend, and there is also an unfilled FVG (Fair Value Gap). This is a great level to buy Bitcoin for the next major wave to the upside.
The next strong level would be the 0.618 FIB and FVG2. These 2 Fibonacci levels are the strongest of all of them because of the golden ratio pattern and 0.618 + 0.382 = 1.000.
What we can also see on the chart is a symmetrical triangle inside this ascending channel. Usually the price wants to take liquidity above and below triangles, so be careful. There is an extremely high chance of sweeping liquidity below this symmetrical triangle. From the Elliott Wave perspective, we have finished the impulse wave 12345, and we are starting a huge ABC corrective pattern. Usually we want to look for a buying opportunity at the 0.382, 0.500, or 0.618 FIB levels.
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Community ideas
Lingrid | GOLD Weekly MARKET Update: Price Coiled for Major Move OANDA:XAUUSD has formed an inside bar pattern on the monthly timeframe, creating a high-probability setup for the next major directional move. May's candle sits completely within April's range, with this compression typically preceding explosive moves in either direction. The 4H chart shows a complex corrective structure following multiple failed breakout attempts from the April high around. The recent bounce from support, which is May's low, suggests potential accumulation, though the overall structure remains corrective with descending highs.
Current price sits near the middle of the critical range. A break above May's high at 3,400 could trigger rapid acceleration toward 3,500-3,600, while breakdown below 3,120 would likely target major support around 3,000-3,050. Multiple fake breaks on shorter timeframes suggest accumulated stops on both sides, potentially fueling rapid acceleration once genuine breakout occurs. The A-B-C corrective pattern visible suggests the recent decline may be nearing completion.
The monthly inside bar pattern's resolution will likely determine gold's trajectory through the summer months. A bullish breakout could reignite the broader uptrend toward new highs, while a bearish resolution might trigger a deeper correction that tests major support levels. Either outcome would likely provide substantial trading opportunities for those positioned correctly when the pattern resolves.
The broader fundamental backdrop continues to support gold's long-term bullish case, though short-term technical factors may drive the immediate direction. Central bank policies, geopolitical tensions, and currency debasement concerns provide underlying support, while technical positioning suggests the market is primed for significant movement.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
AUD/USD - Triangle Breakout (02.06.2025)The AUD/USD pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 0.6490
2nd Resistance – 0.6512
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GOLD conditions seem to remain bearish: Pay attention to hintsFor now, we can see that Gold’s bullish momentum has stalled and since Friday Gold has been under pressure from 3325. Not surprisingly though, the market structure performed as expected this past week.
I believe that short-term price action in gold may remain choppy next week due to Trump’s temporary tariff measures so caution is advised.
My bias is still the same as before, I think that on Monday the market will open bearish likely pushing price lower initially.
As you can see in my previous analysis, the forecasted move played as expected:
So this being said I plan to react based on how price behaves at support of 3270-3250 on the lower side in the short term.
If price tags the support as shown on my chart, I’ll be watching for a possible rebound toward 3300. This range in particular should not be overlooked . This area aligns with the point of control, and given how price often gravitates back to high-volume zones after sharp moves, a recovery to that level would be a natural reaction.
The key point lies in how the market will open and how price will behave, as well as the overall sentiment.
Gold's next move won’t be random, there are strong confluences at play that will guide and give us hints, so it’s up to us to stay attentive.
If we were to break upside above the $3,330 level, then we can see more bullish outlook next
The other scenario, to be taking into account would be to start with a strong bullish candle and reach 3330 before a drop.
Wishing you a profitable trading weekend ahead. This is just a forecast and should not be considered financial advice.
GOLD → Correction after distribution. Bullish trendFX:XAUUSD is testing the liquidity zone at 3350 and forming a false breakout of resistance within the uptrend. A correction is possible before growth continues.
The fundamental background is quite controversial in the market. In the current situation, the focus is on relations between Russia and Ukraine, especially after the escalation that took place over the weekend. Everyone is watching the ongoing negotiations in Turkey. In addition, we should not forget about the situation with tariffs, which is still quite tense.
Gold has been rallying since the opening of the session and has reached the order block. A false breakout of resistance is forming, which could trigger a correction to the zone of interest. The dollar is hitting support, which could form a local correction before continuing its movement. This could also affect the price of gold, which remains bullish in the market.
Resistance levels: 3350, 3365, 3409
Support levels: 3303, 3264
The price has broken out of consolidation, with resistance tested and liquidity above 3350 realized. Relative to the current level, a correction is possible with the aim of retesting support before continuing to rise.
Best regards, R. Linda!
EUR/USD CHART PATTERN.MY EUR/USD trade setup based on the 2-hour chart pattern:
🔻 Trade Type: Short (Sell)
Entry: 1.13500
Resistance (Invalidation / Strong Resistance): 1.14140
Targets:
🎯 Target 1: 1.11300
🎯 Target 2 (Final): 1.10675
⚖️ Risk-Reward Overview
Target Reward (pips) Risk (pips) R:R Ratio
1st Target 220 64 3.44
2nd Target 282.5 64 4.41
🔹 Risk (in pips) = Resistance – Entry = 1.14140 – 1.13500 = 64 pips
🔹 Reward to 1st target = 220 pips
🔹 Reward to final target = 282.5 pips
📉 Chart Pattern Assumptions
You mentioned a 2H pattern—though you didn’t specify, based on price action this could be:
Bearish flag, double top, or rising wedge breakdown near resistance.
✅ Summary:
Excellent risk-reward profile
Tight resistance for SL
Targets are realistic if momentum shifts lower
Consider partial TP at 1.11300 and trail stop to breakeven for 1.10675
Bitcoin may break support level and continue to fall in channelHello traders, I want share with you my opinion about Bitcoin. Previously, price was moving inside a horizontal range, consolidating between resistance and the buyer zone near 103500 - 102900. The market lacked clear direction, and price repeatedly rebounded within this structure, failing to build strong momentum either way. Eventually, BTC exited the range and began forming a downward channel. This shift introduced a clear bearish bias, with each high being lower than the previous one. Price action started respecting the descending resistance and support lines, confirming the structure. Sellers consistently stepped in from the seller zone near 109000 - 109500, pushing the price downward with each retest. Currently, BTC is hovering around the support level at 103500 points, showing short-term weakness. The latest reaction from this area didn’t generate significant bullish follow-through. In my view, BTC is likely to break through this support and continue falling inside the channel. That’s why I’ve placed my TP at 100600 points, which matches the support line of the channel and offers a logical downside target. Please share this idea with your friends and click Boost 🚀
Bitcoin’s Rally Fades Below Resistances — Bearish Wave Setup!Bitcoin ( BINANCE:BTCUSDT ) started to fall as I expected in the previous idea , but failed to break the Heavy Resistance zone($110,000-$105,820) .
Bitcoin is trading near the Resistance zone($107,520-$105,940) , Cumulative Short Liquidation Leverage($106,720-$105,948) , and the Resistance lines .
From the perspective of Elliott Wave theory , Bitcoin appears to have completed a main wave 4 near the Resistance lines. The structure of the main wave 4 was a Double Three Correction(WXY) . One of the signs of the completion of the main wave 4 could be the Evening Star Candlestick Pattern .
I expect Bitcoin to decline to at least Cumulative Long Liquidation Leverage($103,666-$102,800) AFTER breaking the Support line , and the next target is the Support zone($102,000-$107,120) .
Note: Rising tensions between Russia and Ukraine could help drive down Bitcoin.
Note: If Bitcoin touches $107,600, we can expect more pumps.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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XAU/USD.. 4h chart pattern..Here's a structured breakdown of MY Gold (XAU/USD) trade setup:
XAU/USD (Gold) Buy Setup
Entry (Buy): 3350
Stop Loss: (not specified – important to manage risk)
Targets:
🎯 1st Target: 3435
🎯 2nd Target: 3505
Potential Gain
To 1st Target: 3435 − 3350 = +85 points
To 2nd Target: 3505 − 3350 = +155 points
✅ Recommendations:
Stop Loss: You should define a stop loss — consider placing it below a recent support level (e.g., 3315 or 3290), depending on your risk tolerance and time frame.
Risk-Reward: Without a stop loss, R:R can't be calculated, but both targets offer solid profit potential if momentum continues upward.
Confirmation: Look for bullish candlestick patterns, strong volume, or support at 3350 before entering.
Partial Profit-Taking: Consider locking in profits at 3435 and trailing your stop to reduce risk on the remainder.
USD/CHF..Bearish head & shoulder pattern..Im spotting a bearish Head and Shoulders pattern on USDCHF, and it sounds like a neckline break has occurred, which is your trigger for short entry.
Let's break down the trade setup you're considering:
---
🟦 Trade Plan Summary – USDCHF Short
Pattern: Bearish Head and Shoulders
Neckline: Broken (confirmed breakout)
Entry: 0.81700 (current position)
TP1: 0.80440
TP2: 0.79370
SL (Suggested): Above right shoulder – e.g., 0.8200–0.8220 depending on volatility.
---
📊 Technical Breakdown
🟥 Head & Shoulders Breakdown:
Left Shoulder: ~0.8180–0.8190
Head: ~0.8260–0.8275
Right Shoulder: ~0.8180 again
Neckline: Likely drawn from around 0.8140–0.8150 support zone
With the break below neckline and a possible retest, you're in a solid technical spot.
---
📉 Target Zones:
1. TP1 – 0.80440
Former support from April–May price action
Near-term objective; good partial close area
2. TP2 – 0.79370
Much deeper support zone (early 2023 lows)
Completion of full H&S measured move
---
✅ Trade Management Advice
Measured Move Method:
Height from head to neckline is ~120 pips → Subtracting from neckline ~0.8150 gives a rough projected target: 0.8030 → supports your TP1.
Trailing SL:
Consider moving stop to breakeven after price clears 0.8080–0.8050.
Fundamentals:
CHF strength can often come with global risk-off sentiment.
USD weakness may continue if Fed dovishness grows.
---
Would you like a visual chart breakdown of this USDCHF pattern? If you upload a screenshot or confirm the chart time frame (e.g., H4, daily), I can generate a more specific analysis.
Here's a weekly buy-side analysis🟢 Bias: Bullish (Buy)
Gold remains in a long-term uptrend, with fundamental and technical factors supporting continued upside.
50 & 100 EMA: Price is well above both EMAs, confirming bullish momentum.
RSI: Around 60–70 on the weekly; no bearish divergence yet.
MACD: Histogram ticking upward with bullish crossover in play.⚠️ Risk Factors
Sudden USD strength due to surprise Fed hawkishness.
Strong U.S. labor or inflation data that pushes bond yields higher.
Gold profit-taking near ATH could cause sharp but temporary pullbacks.
XAUUSD: +1500 TO +2200 PIPS Major Swing Move in Making, Two AreaThe first day of the trading week has seen Gold skyrocket, clearly indicating a bullish price direction. Our recent analyses had clearly shown this, and the volume confirms further bullish momentum. Additionally, the NFP news this Friday will be a trend changer, regardless of its positive or negative impact on the USD.
There are two potential take-profit targets. Before taking entry, please conduct your own analysis.
Good luck and trade safely,
Team Setupsfx_
GOLD ROUTE MAP UPDATEHey Everyone,
Great start to the week with our chart idea playing out as analysed.
We started the day with our Bullish target hit at 3305 followed with ema5 cross and lock confirmation for 3334, which was hit perfectly with a further lock opening 3359 also completed.
We now have a cross and lock above 3359 opening 3389. We will continue to track the movement using cross and lock and any rejections on the levels will see price test the lower Goldturns for support and bounce.
We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up.
We will continue to buy dips using our support levels taking 20 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends.
The swing range give bigger bounces then our weighted levels that's the difference between weighted levels and swing ranges.
BULLISH TARGET
3305 - DONE
EMA5 CROSS AND LOCK ABOVE 3305 WILL OPEN THE FOLLOWING BULLISH TARGETS
3334 - DONE
EMA5 CROSS AND LOCK ABOVE 3334 WILL OPEN THE FOLLOWING BULLISH TARGET
3359 - DONE
EMA5 CROSS AND LOCK ABOVE 3359 WILL OPEN THE FOLLOWING BULLISH TARGET
3389
EMA5 CROSS AND LOCK ABOVE 3389 WILL OPEN THE FOLLOWING BULLISH TARGET
3428
EMA5 CROSS AND LOCK ABOVE 3428 WILL OPEN THE FOLLOWING BULLISH TARGET
3478
BEARISH TARGETS
3271
EMA5 CROSS AND LOCK BELOW 3271 WILL OPEN THE FOLLOWING BEARISH TARGET
3227
EMA5 CROSS AND LOCK BELOW 3227 WILL OPEN THE SWING RANGE
3185
3146
As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it!
Mr Gold
GoldViewFX
BTCUSD NEXT MOVE (EXPECTING MILD BEARISH)(02-06-2025)Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for BTCUSD (02-06-2025) (SHORT TERM)
Current price- 104500
"if Price stay below 1,07,000 then next target is 1,03500, 1,02500 and 1,00000 above that 1,11,000.
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk 2% of principal to follow any position.
Support us by liking and sharing the post.
HelenP. I Gold will drop to support level from pennant patternHi folks today I'm prepared for you Gold analytics. The chart started with a strong impulse move upward from the support zone around 3190 - 3205, where buyers stepped in and pushed the price aggressively higher. This bullish momentum continued until the price reached the trend line, which had previously acted as a dynamic resistance. Upon contact with the trend line, the market lost strength and began to compress into a narrowing formation, a classic downward pennant. Within this pennant, the price made several lower highs, suggesting waning bullish power and the buildup of pressure inside a tightening range. Sellers became more active near the resistance zone around 3365 - 3380, and each upward attempt was quickly absorbed. Now the structure shows signs of a potential breakout to the downside. Given this formation and the current price behavior near the upper edge of the pennant, I expect a minor upward movement followed by a sharp breakdown. My goal lies at the 3205 support level, where previous demand emerged. That’s why I remain bearish and see this level as a realistic goal for the next move. If you like my analytics you may support me with your like/comment ❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
USD/CAD..1Week chart pattern.potentially significant breakdown on the USDCAD weekly chart—if price has decisively broken below a long-standing ascending trendline, that can be a strong signal of trend reversal or deeper correction.
Let's assess your trade setup:
---
🟦 Trade Plan Summary
Entry: Short at 1.3700 (current position)
Trigger: Confirmation of trendline break
1st Target (TP1): 1.3020
2nd Target (TP2): 1.2500
Stop Loss (Suggested): Ideally somewhere above 1.3750–1.3800, depending on volatility/tolerance.
---
📊 Technical Breakdown
1. Trendline Break (Weekly):
If the trendline held since 2021–2022 was broken, this confirms a structural shift.
Weekly closes below the trendline reinforce the signal; daily retests that reject it would strengthen your case.
2. 1.3020 Target Zone:
This is a strong support area, previously tested multiple times (May 2023 and early 2022).
It aligns with fib retracement zones and horizontal demand.
3. 1.2500 Target:
A more aggressive downside target, likely needing a strong USD selloff or major CAD strength (e.g., oil rally or BoC hawkishness).
---
🔍 Key Considerations
Risk-Reward: From 1.3700 to 1.2500 is a 1,200 pip move. Even to 1.3020 gives ~680 pips. Depending on SL, this can be a 3–6:1 RR.
CAD Drivers:
Crude oil strength boosts CAD.
Watch Bank of Canada rate decisions and inflation data.
USD Factors:
A shift in Fed tone toward rate cuts will weaken USD.
Upcoming NFP, CPI, and Fed meetings are key.
---
✅ Trade Management Tip
If price breaks decisively below 1.3600 with strong volume and doesn't reclaim that level, consider:
Scaling in (if not fully positioned),
Trailing stop loss as it approaches 1.3300 (mid-support),
Taking partial profit at 1.3020 and letting the rest ride to 1.2500.
Would you like a chart analysis or trade calculator for this setup? I can also generate a chart with key levels marked if you upload your chart screenshot or describe the trendline.
GOLD (XAU/USD) 4H CHART – BULLISH BREAKOUT TRADE SETUP🔵 Trendline Breakout 📈
📏 Price broke above a descending trendline, signaling a potential bullish reversal.
🔼 This breakout is often seen as a buy signal by traders.
🧱 Resistance Area 🛑
🔹 Price has entered and broken through a horizontal resistance zone.
🔄 This zone may now flip into support, adding confidence to the long setup.
🟧 Demand Zone 📦
📍 Marked between 3,267 – 3,298.
🛡️ Strong buying interest historically observed in this area.
📉 EMA (70) at 3,298.065 acts as dynamic support.
🟦 Entry Point 🚪
🎯 Entry Level: 3,322.930
🔄 Enter after retest confirmation or bullish candle above resistance.
🔴 Stop Loss ⛔
⚠️ SL Level: 3,267.993
💣 Below the demand zone and EMA — protecting against false breakouts.
🟩 Target Point 🎯
🚀 TP Level: 3,490.000
📌 Prior high zone — strong historical resistance expected here.
💰 Trade Setup Summary
✅ Buy Above: 3,322.930
❌ Stop Loss: 3,267.993
🎯 Target: 3,490.000
📊 Risk/Reward Ratio: Favorable (approx. 1:3)
🔎 Technical Confidence Levels
🔵 EMA Support ✅
🔵 Trendline Breakout ✅
🔵 Resistance Flip ✅
🔴 False Breakout Risk
TradeCityPro | FET: Bullish Weakness Near Key Support Zone👋 Welcome to TradeCity Pro!
In this analysis, I’ll be reviewing the FET coin — one of the popular projects in the AI space.
✔️ This project’s token currently holds a market cap of $1.75 billion and ranks 48th on CoinMarketCap.
⏳ 4-Hour Timeframe
On the 4-hour chart, we can see an uptrend in place. However, in its latest leg up to 0.923, the trend has weakened significantly and lost momentum.
💥 After getting rejected at 0.923, the price saw a deep correction down to 0.718 and failed to form a higher low — a clear sign of weakness in the bullish trend.
🔍 The 0.718 level is a crucial support, and breaking below it could trigger a long-term short position targeting 0.639.
✨ A confirmation for this short setup would be an RSI drop into the oversold zone along with increased selling volume. For now, sell volume is low and offers no confirmation yet.
🔔 On the long side, if the 0.764 level is broken, we can consider that 0.718 has held as support, allowing for a potential long entry.
🧩 In my view, even if this trigger activates and the price moves higher, it’s likely to form a lower high or retest the 0.923 level without breaking it. A breakout beyond 0.923 seems unlikely for now.
📈 For the long setup, RSI confirmation would come with a break above 42.05. As market volume is still declining, we’ll need to wait for increased buy volume to strengthen the bullish case.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
EURO - Price can boucne up of pennant, breaking resistance levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊
Some time ago, price entered to pennant pattern, where it at once bounced up from support line and reached $1.0850 level.
Next, it broke this level and continued to grow to resistance level, and when Euro reached it, price broke it.
But, after price reached resistance line of pennant, it started to decline and soon broke $1.1380 level one more time.
Price fell to support line of pennant and then turned around and, in a short time rose to resistance area.
After this, price fell to support line of pennant, but recently started to grow and now trades near resistance level.
I believe Euro can correct slightly and then launch upward toward $1.1600, breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
GBPUSD I Weekly CLS I Model 1 I TR Liquidity TPHey, Market Warriors, here is another outlook on this instrument
If you’ve been following me, you already know every setup you see is built around a CLS Footprint, a Key Level, Liquidity and a specific execution model.
If you haven't followed me yet, start now.
My trading system is completely mechanical — designed to remove emotions, opinions, and impulsive decisions. No messy diagonal lines. No random drawings. Just clarity, structure, and execution.
🧩 What is CLS?
CLS is real smart money — the combined power of major investment banks and central banks moving over 6.5 trillion dollars a day. Understanding their operations is key to markets.
✅ Understanding the behavior of CLS allows you to position yourself with the giants during the market manipulations — leading to buying lows and selling highs - cleaner entries, clearer exits, and consistent profits.
📍 Model 1
is right after the manipulation of the CLS candle when CIOD occurs, and we are targeting 50% of the CLS range. H4 CLS ranges supported by HTF go straight to the opposing range.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
— David Perk aka Dave FX Hunter ⚔️
👍 Hit like if you find this analysis helpful, and don't hesitate to comment with your opinions, charts or any questions.
XAU/USD..4h chart pattern.My analyzing a bullish breakout in gold (GODL) and considering a buy entry at *3355* with two target levels: *3435* and *3500*.
### *Trade Plan Summary:*
- *Entry:* Buy at *3355* (after trendline breakout confirmation)
- *Target 1:* *3435* (~2.4% gain)
- *Target 2:* *3500* (~4.3% gain)
- *Stop Loss:* Ideally below the breakout level (e.g., *3300-3320* for a 1-1.5% risk)
### *Key Considerations:*
1. *Confirmation:* Ensure the breakout is sustained (closing above the trendline).
2. *Volume:* Higher volume on breakout strengthens the signal.
3. *Market Sentiment:* Gold often reacts to USD strength, interest rates, and geopolitical factors.
4. *Risk Management:* Adjust position size based on your risk tolerance.
Would you like help refining the stop-loss or analyzing other factors like RSI/momentum? 🚀
Bitcoin Daily: It Will Go Lower, I Will Explain WhyIt is hard to make these predictions because there are so many different points of view, so many opinions. There is so much data available that one can easily become confused. We can write an entire book about Bitcoin's next move and still not know what will happen next. I will keep it simple and straight forward and you will be able to understand and appreciate how easy it is when we focus on the chart only. Bitcoin is breaking below 100K.
Bitcoin is already trading at support. The mid-May consolidation range. From this range Bitcoin produced an advance and hit a new all-time high. The all-time high is a triple-top when we take the highs from January 2025 and December 2024. The fact that the action happens below this level now is bearish and this range has been confirmed as resistance.
The market will look for strength and this simply means lower.
Since resistance has been confirmed after a 50% rise, it is normal to see a retrace, can be medium-sized to balance out the strong-long bullish wave. Bullish action was present between 7-April until 22-May, 45 days.
The current retrace can take only a few weeks, think about 15-21 June as a rough estimate but nothing more (can end much sooner).
If you are unprepared and don't have map of the bigger picture, this can become terrifying and even lead to poor decisions at some point. If you know that this is only a retrace and the market will continue growing after a test above 90K, you can rest easy or even take advantage of this situation.
Now, what Bitcoin does is not the entire market. In a bull market, when Bitcoin moves down, money flows to the Altcoins. When Bitcoin goes sideways, the Altcoins grow. So dynamics will be much, much different now compared to what you saw in 2024, 2023 and 2022. The way the market will behave it is basically new for most participants.
The conclusion is that all is good and the chart is pointing lower short-term. After a short-term retrace, we get additional growth. Simple isn't it? It is...
Thank you for reading.
Namaste.
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
What a day on gold! We said we would keep an eye on the red boxes and look for a break either side, the break came, we activated, Excalibur confirmed the set up was clean and we got in for a great capture. We also managed to complete all of our bias level targets in one swoop early in the session which was an added bonus.
Now, we have support below at the 3355 level and a red box above which we would ideally like to be targeted first and if we get a RIP from there a short may be on into the immediate support levels. If we go down first, 3365 is the first hurdle and below that 3350-55 with the bias remaining bullish above.
KOG’s bias of the week:
Bullish above 3285 with targets above 3306✅, 3310✅, 3321✅ and 3335✅
Bearish below 3285 with targets below 3267, 3255 and 3240
RED BOXES:
Break above 3290 for 3297✅, 3306✅, 3310✅, 3320✅ and 3330✅ in extension of the move
Break below 3280 for 3277, 3270, 3267 and 3255 in extension of the move
As always, trade safe.
KOG