USD/CHF Poised for a Bullish Reversal at Key SupportThe USD/CHF pair is currently trading near a significant support level around 0.8950, with bullish signals emerging. The harmonic Bat pattern suggests a potential reversal, aligning with historical price reactions at similar levels. Additionally, the presence of green buy markers and RSI indicators approaching oversold conditions indicate possible upward momentum.
If price sustains above the 0.8950 region, a bullish move towards 0.9000 and beyond could unfold, with further resistance around 0.9120. Confirmation of reversal signs, such as bullish candlestick formations and RSI divergence, will strengthen the case for a recovery.
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Alts Bleeding Out Off Topping Patterns. A while ago I flagged up the various different topping patterns we have in crypto alts.
There was a little more stop gaming (Nothing is ever easy)but these now trade typically around 50% off the high.
Today we met the first major pivot point for the bull trend with us reaching the levels one would expect to see in a typical correction.
A break under 140 - 135 could spell out a real bloodbath in these.
Critical test for crypto now.
USDT DOMINANCE UPDATE (4H)First of all you should know that "USDT Dominance" is always moving inverse of BTCUSDT .
To be honest with you, the market is in terrible condition. Buying pressure on Tether dominance is high. The recent pumps in altcoins were mainly to liquidate short positions; otherwise, the overall trend for altcoins remains bearish.
Tether dominance seems to be aiming to hunt higher supply zones. In high-volume altcoins like Ethereum, key levels have been lost, so we can rely on this Tether dominance analysis.
We will either move up from this area or from the green lines.
This move may take several months.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Gold short-term trading direction todayGold fell below the MA10-day moving average at 2923 for the first time since January 6. The gold price in the NY market plunged sharply, hitting a low of 2988 and closing with a big negative on the daily line. Currently, the gold price is running below the MA10/7-day moving average at 2923/2930. Although the price broke through the 10-day moving average for the first time, the daily line has not yet formed a dead cross. It is necessary to pay attention to the repeated shocks and consolidation of the price at a high level!
The daily RSI indicator turned downward after the top divergence, and the price fell back to the middle track of the Bollinger band at 2888. The short-term four-hour chart MA10/7-day moving average formed a dead cross at 2937 and opened downward. The RSI indicator returned to the bottom of the central axis, and the price was running in the middle and lower tracks of the Bollinger band, and the Bollinger band opened downward. The main idea of gold is still to sell at a rebound high, supplemented by buying at a low price.
From the current market perspective, gold prices are still consolidating at high levels within the range, and the relative strength index (RSI) on the daily chart remains above 70, suggesting that the market may be slightly overbought. This may make market participants cautious about long bets on gold in the short term, further continuing the current range-bound trend.
Gold has been consolidating strongly at high levels for two weeks, and the original operating range was between 2860 and 2940. Although the MACD is about to form a dead cross trend at a high level, this is not enough to clearly indicate that it will peak in the short term, because the first condition is to break the 10-day moving average, and the second is to lose 2860 before it can officially peak and end this round of strong unilateral pull-up. Pay attention to the 2900-2903 area for support below. If it stabilizes here, it will continue to look up to 2925 or continue higher. Secondly, focus on the vicinity of 2888 and continue to buy and participate.
Key points:
First support: 2912, second support: 2903, third support: 2891
First resistance: 2930, second resistance: 2943, third resistance: 2950
Operation ideas:
Buy: 2900-2903, stop: 2892, target: 2920-2930;
Sell: 2937-2940, stop: 2948, target: 2920-2910;
$104K and Counting: Can Bitcoin Sustain Its Momentum?COINBASE:BTCUSD - Daily
Current Price: 97,520
Executive Summary:
Is Bitcoin Set for a Correction After Hitting $104,000?
Bitcoin has hit significant milestones, with two of our predicted targets—$90,000 and $100,000—successfully achieved, delivering a remarkable gain of 46.44% and 3,307,221 pips. After climbing to $104,000, Bitcoin entered extreme overbought territory across daily, weekly, and monthly charts, signaling exhaustion. With the formation of an ascending channel and overbought signals, a potential correction could be on the horizon. Here’s what to expect next.
Analysis:
In our earlier analysis, we predicted key price targets of $90K, $100K, and $110K. Bitcoin successfully hit $90K and $100K, eventually climbing to $104K—a remarkable gain of 46.44% and 3,307,221 pips. However, this rally propelled Bitcoin into extreme overbought territory across multiple timeframes, signaling a potential need for correction.
On November 6, Bitcoin broke out of a falling wedge/handle pattern, driving the price to $104K. Since November 12, it has been ascending within a channel—a formation that often precedes a downward correction. Coupled with extreme overbought conditions on daily, weekly, and monthly charts, Bitcoin now shows clear signs of buyer exhaustion.
Potential Correction Level:
Fibonacci Retracement (50%): $85,327.80
Key Levels to Watch:
• Extreme Overbought: $112,500
• Overbought Resistance: $106,250
• Ultimate Resistance: $100,000
• Major Support: $75,000
Thank you for taking the time to read this analysis. Wishing you great success in your trading journey! Always prioritise proper risk management to achieve sustainable growth in the markets. Good luck with your trades!
BTC Long-Term Bullish OutlookAs anticipated, after completing wave 3, the price began moving downward in a flat wave 4 formation. Wave 5 of (C) is expected to conclude at the levels indicated on the chart, with a preference toward the 86,750 level.
From an SMC perspective, the price is currently in a buy-side imbalance (Fair Value Gap), meaning the price delivery algorithm is likely to retrace to this level to fill the gap before continuing toward the upside targets.
El- Sayed Owaidy, CETA, CFTe
Founder of The Egyptian Academy for Elliot Wave “EAEW”
Mohamed Magdy
“Senior Algorithm Trader” at Market Minds
SMCI - Eyeing this for a potential reloadBEWARE - Market-wide we're seeing a potential institutional "rugpull" sort of situation after plenty of ATH's made last week. Not predicting the market's "top" but I am seeing a common theme on many charts that correlate to the S&P recent ATH and subsequent dump (especially considering it wasn't provoked by any specific news).
Also, SMCI specific, keep in mind their deadline approaching to submit the required documents to avoid de-listing. Goes without saying that this would have a huge effect on the stock if somehow they failed to submit.
Happy Trading :)
$NIO Short-term play; touched the .618 fib-retracement level.For the short term, I see NIO rising further on wave 3-5.
Additionally, I see a bull flag playing out.
It could even propel us out of this pattern.
But if it breaks out, can NIO also push through this larger resistance line?
And this one?
All I see is confluence.
Good luck to all.
Bitcoin Breaks Key Support: What’s Next?📉 BTC/USD plunges -5.48% to 86,539, breaking below 91,000 support
🔎 Key Technical Breakdown:
Massive rejection at 91,000, flipping it into resistance.
Price is now testing the 200-day EMA (85,641) → Crucial for short-term trend.
Fib retracement levels:
38.2% @ 86,672 (in play now)
50.0% @ 79,616 (next major support)
61.8% @ 72,559 (deeper pullback scenario)
📊 Momentum Shift Bearish:
RSI at 27.26 → Deeply oversold (potential short-term bounce?)
MACD accelerating downward → Bearish confirmation.
⚠️ What’s Next?
Bulls must hold the 200-day EMA or risk a drop toward 79,616 (50% Fib).
A recovery above 91,000 would be needed to shift sentiment bullish again.
Critical moment for BTC – will buyers step in here?
📌 Watching reaction at 86,500-85,600 zone closely.
- MW
EURJPY Will Go Higher From Support! Buy!
Take a look at our analysis for EURJPY.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 156.763.
Taking into consideration the structure & trend analysis, I believe that the market will reach 158.582 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
ADA Retesting RSI on the Monthly ADA is currently retesting the monthly RSI moving averages (MAs). A bounce from this level could serve as a bullish confirmation. Fundamentally, Cardano has never been stronger. While this is not financial advice, the monthly RSI suggests a potential bullish signal if ADA rebounds next month (March 2025).
What's next can we expect from Bitcoin???Bitcoin after making All-time-high is being trading in a long range. According to range trading rule, btc is currently trading under the range low.
Now, if we see range low reclaim, then we can see btc making new ATH (green line).
If btc doesn't holds it's support, then we may probably see btc tapping into it's fvg and from there we can expect great reversal (blue line).
bad case scenario if btc dumps below 80K (major CME gap region) (yellow line).
BTC Ready for a Major Move! (30m Chart Analysis) Chart Setup:
#BTC is forming a Head & Shoulders pattern on the 30-minute timeframe, signaling a potential bullish breakout. Additionally, a bullish divergence has appeared, strengthening the case for an upward move.
Key Levels to Watch:
🔹 Neckline Breakout: A confirmed breakout above the neckline could trigger a strong long opportunity.
🔹 Support Zone: If #BTC retests and holds the support level, it may provide a better risk-reward entry.
🔹 Invalidation: A breakdown below key support could shift the bias.
Trading Plan:
🔹 Wait for a clean neckline breakout with volume confirmation.
🔹 Set a stop-loss below recent support.
🔹 Target key resistance zones for profit-taking.
What’s Your Take?
Will #BTC break out or get rejected? Drop your thoughts in the comments!
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