Get started

Community ideas

Bitcoin at Critical Support – What’s Next?Hey traders! 👋 Welcome back to another deep dive into Bitcoin price action! Today, we’ll analyze BTC using Gann-based levels and discuss the key support and resistance areas that could dictate the next move. Let’s jump in! 📊 Market Update: Bitcoin recently dropped sharply, reaching a low of $91,231, before bouncing back towards $95,342. This indicates a strong reaction from buyers at a key support level. But is this the start of a recovery, or just a relief bounce before another leg down? 🔴 Key Support Levels: 1️⃣ $91,231 – This level acted as a solid demand zone, leading to the current bounce. 2️⃣ $89,294 – If BTC fails to hold above $94,084, we could revisit this lower support. 3️⃣ $84,631 – A breakdown below $89,294 could push BTC deeper into bearish territory. 🟡 Key Resistance Levels: 1️⃣ $94,084 – Bitcoin is currently testing this level; flipping it into support is crucial. 2️⃣ $98,993 – A break above this level could signal a reversal and bullish momentum. 3️⃣ $104,030 – If bulls regain control, this is the next major resistance zone. 📉 Potential Scenarios: ✅ Bullish Case: If BTC stays above $94,084 and breaks $98,993, we could see a push towards $104,030 and beyond. ❌ Bearish Case: If BTC faces rejection at $94,084 and loses $91,231, the next downside targets are $89,294 and possibly $84,631. 🚀 Final Thoughts: Bitcoin is at a critical decision point! Will bulls take control and push higher, or are we heading lower? Drop your predictions in the comments!
by Magic_xD
Gold on total Bullish dominationTechnical analysis: Even though DX (# +1.07%) is Trading on gains for #2-consecutive sessions (pricing in Higher High's extension), I in the same time have the Buying pressure visible on most charts regarding Gold, along of Trade wars soaring. Current configuration should last at least as High as #2,800.80 - #2,822.80 record High's (my personal Intra-day maximum). If #2,800.80 mark gets invalidated and market closes above, I add more Buying orders on mentioned levels aiming at #2,818.80 (slightly below #2,822.80 Resistance line). As expected, Buying accumulation I discussed throughout the session started and the Technical reason behind it was the Ascending Channel configuration which was adding confidence to Buyers, and attracted Short-term Investors, triggered their pending Buying orders (spike towards #2,800.80 benchmark from #2,772.80 Higher High's Lower zone few Hours ago confirms the above). Hourly 1 chart remains an Ascending Channel (ready to break above the Neutral Rectangle on Hourly 4 chart), so I will be keeping an eye on the Daily chart’s #2,822.80 for Medium-term Resistance attempts and the Hourly 4 chart’s #2,800.80 benchmark for Short-term Resistance. Technically the Hourly 4 chart’s Resistance has been unbroken for a while now and rejected the Price-action on multiple occasions, so you realize the significance of this level. I doubt that nearby Resistance cluster will break without strong catalyst, however on the other side, Selling reversal is strongly limited aswell and #2,772.80 local Low's represents the last line of defense for Buying bias to be sustainable. My position: I have made quick buck on last night's Selling order (#2,784.80 - #2,772.80) as DX is Trading on Bullish spike. However Bullish sustainability on DX has less or no impact on Gold and decline isn't in continuation so expect Buying pressure to remain strong on Intra-day basis as Selling is not advisable on such sessions.
TVC:GOLDLong
by goldenBear88
Closing my Buying order with ProfitAs discussed throughout my yesterday's session commentary: "If #2,800.80 mark gets invalidated and market closes above, I add more Buying orders on mentioned levels aiming at #2,818.80 (slightly below #2,822.80 Resistance line). As expected, Buying accumulation I discussed throughout the session started and the Technical reason behind it was the Ascending Channel configuration which was adding confidence to Buyers, and attracted Short-term Investors, triggered their pending Buying orders (spike towards #2,800.80 benchmark from #2,772.80 Higher High's Lower zone few Hours ago confirms the above)." I have closed my Buying order (#2,801.80 - #2,822.80) on a fine #21-point run as Gold tested even levels above #2,822.80 however that was fine by me since I am satisfied with my order returns. Technical analysis: Price-action came too close to the #2,822.80 - #2,832.80 Medium-term Resistance zone and the fact that is currently strongly rebounding may not only be Technically attributed to mentioned fractal (representing the February #11 similarities) but also to the fact that it just hit the Higher High’s trendline of the Hourly 4 chart’s Ascending Channel. As long as mentioned zone is providing Resistance, I expect Gold to break back below the Hourly 4 chart’s Rectangle and pressure for #2,800.80 Higher High’s Lower zone (benchmark). Gold is Trading on Inflated prices and same as Gold was purely rising on Fundamental factor, similar takedown will follow. If Gold closes the session below the #2,800.80 benchmark on market closing, expect Gold to make a Top here. If on the other hand #2,832.80 gets invalidated and Gold eventually closes the session above, I expect the High Volatility zone with similarities to mid-April - June to be replicated and #2,852.80 benchmark test in extension. My position: As discussed above, I do believe that Gold is Overbought and some cool-off to such levels I do expect and #2,800.80 eventual Intra-day test. If however Gold breaks to the upside, I will act according to what I wrote above.
TVC:GOLDShort
by goldenBear88
US vs CA, MX trade war: What can we learn from it?In this video, we look how we could have avoided problems when trading the USDCAD, and how the outcome of the trade war, can be used to trade better in the future. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
by ThinkMarkets
BTC/USD Short-Term Rebound: Testing Key Resistance AheadThis BTC/USD chart (2-hour timeframe) shows a descending triangle pattern with a strong resistance trendline. Key Observations: 1. Price Rejection & Support: - BTC recently bounced from a support level around 93,747 and surged back above 97,952. - This suggests a potential short-term recovery. 2. Potential Upside Target: - The chart highlights a **resistance zone around 102,500–104,049, which aligns with the descending trendline. - A move toward this level is likely if the current momentum continues. 3. Breakout or Rejection? - If BTC breaks 104,049 with strong volume, it could challenge 108,411. - Failure to break resistance could lead to another drop toward 93,747 or lower. Strategy Consideration - Short-term traders: Watch for a retest of 102,500–104,049 before deciding on a breakout trade or shorting the rejection. - Long-term perspective: If BTC holds above 93,747, bullish momentum might strengthen.
BITSTAMP:BTCUSDLong
by TRADE_CENTER_1
$BTC 4H futureTechnical Analysis and Expected Price Movement: This chart utilizes Gann Box and Gann Fan to analyze price structure. Currently, BTC is trading around 98,340.5 USDT, fluctuating within a mid-term corrective pattern. Based on technical data, the expected price movement is as follows: Phase 1: A potential price correction towards 96,016.5 USDT, aligning with a key Gann level and the 0.618 Fibonacci retracement. Phase 2: A rebound towards 98,601.3 USDT, which could act as an initial resistance. Phase 3: Breaking this level and continuing the uptrend towards 100,945.6 USDT, located near the 0.5 Fibonacci level and a critical Gann fan resistance. Phase 4: Reaching 103,229.9 USDT, which aligns with the Gann box overlap and a major static resistance level. Key Levels and Possible Price Reactions: 96,016.5 USDT – Strong support; a potential bounce from this level is likely. 98,601.3 USDT – First resistance; breaking above it could signal a continuation of the uptrend. 100,945.6 USDT – A critical zone; surpassing this level increases the probability of reaching 103K. 103,229.9 USDT – The most significant mid-term resistance, where a breakout could lead to higher targets around 106K - 108K. Conclusion: If the price corrects to 96K, buyers are expected to step in, initiating a new upward wave. A sustained move above 103K would indicate a continuation of the bullish trend towards higher resistance zones.
by ScorpionX_Co
Another dip coming? Solana price bounced back strongly yesterday and formed a daily candle with a massive bottom wick.  It is very bullish.   It was a great buy the dip moment for spot buyers and intraday traders.  However,  if you are swing trading with leverage, the momentum is still bearish.  I think it is not the time to open a long position for the following reasons:  Weekly:  1) Price is still trending up along EMA 21, but it is starting to drop below it. 2) Momentum indicators are forming negative divergence.   3) MACD and RSI are still in the bull territory, however, Stochastic had tried to move to the bull zone but failed and now moving to the downside in the bear zone. Daily:  1) Daily MACD and RSI are pointing to the downside and they are about to enter the bear zone.   2) Daily stochastic have reset and moving to the upside, so it is a sign of recovery to the upside, but it is not supported by price action. 3) The price dropped to EMA200 and bounced, but it failed to move about the previous low ($222) and also closed just under EMA 55.    4) Today the price is starting to come down.    Today's candle hasn't closed so it is too premature to make any decision on today's candle at this stage.   4H: 1) the current candle failed to close above EMA 21. 2) both MACD and RSI are still in the bear zone. 3). Stochastic has already reached the overbought territory and now it is rolling to the downside.   4) There are two layers of buy blocks below the $190 area so there is a chance the price might drop to that level.   It has been such a volatile and difficult market. Every time you think the bottom is in and the price starts to move up, it gets pushed down. It is the market that challenges you mentally. Yesterday's dip was a great opportunity to buy spot and hold. But if you are trading, it might be better to buy the strength because dips can keep coming.
COINBASE:SOLUSD
by EbonyFalcon
US30 04FEB 2025 TRADE IDEA The **Dow Jones Industrial Average (US30)** remains in a long-term bullish trend, with price continuing to form higher highs and higher lows. However, in the short term, a pullback is expected after a recent push higher, as indicated by the current price of 44,285.9. The key resistance zone lies between 44,803 – 45,124, where selling pressure could emerge, while major support zones are found at 43,113 – 43,047 and further down at 41,757 – 41,527. If the price fails to break above the resistance, a decline toward the lower demand zones is likely before any potential continuation of the bullish trend. From a Smart Money Concepts (SMC) perspective, liquidity is positioned both above the 45,103 – 45,124 zone, where stop-losses of retail traders might be targeted, and below at 43,047 – 42,000, which could serve as a liquidity grab area before a bounce. Fair Value Gaps (FVGs) are present near 43,113, making it a potential retracement target. Additionally, a bearish order block (OB) is evident at 44,803 – 45,124, reinforcing the likelihood of rejection from this zone, while a bullish OB at 41,684 – 41,527 suggests a high-probability area for a price reversal. Given these factors, smart money could drive price down toward these key liquidity levels before another upward move. In terms of supply and demand, the market is currently testing a strong supply zone (44,803 – 45,124), which may result in a short-term decline. Meanwhile, significant demand zones at 43,113 – 43,047 and 41,757 – 41,527 could provide support where buyers may step in. A sell-off from the supply zone, followed by a reaction at the demand levels, aligns with the overall market structure. On the fundamental side, several macroeconomic factors are influencing US30’s trajectory. The Federal Reserve’s interest rate decision in February 2025 will be a key driver. A hawkish Fed stance could strengthen the USD, putting pressure on stocks, while a dovish approach (rate cuts) could provide upward momentum. Additionally, the US jobs report (NFP and unemployment rate) will be closely monitored; a strong labor market could reinforce the Fed’s tightening policy, negatively impacting equities. Geopolitical risks, including ongoing tensions in Russia-Ukraine, the Middle East, and the US-China trade war, may also introduce volatility. Rising geopolitical tensions could lead investors to seek safe-haven assets, causing US30 to decline, whereas easing tensions could bolster market sentiment and support the index. Given these technical and fundamental factors, the short-term expectation for US30 is **bearish**, with price likely to retrace toward the 43,113 level and possibly 41,527 before any renewed bullish momentum. Traders looking for short opportunities may consider selling near 44,803 – 45,124, with a stop-loss above 45,200, targeting 43,113 and potentially 41,757. On the other hand, long positions could be considered around the 41,684 – 41,527 demand zone, with a stop-loss below 41,400 and targets back toward 43,113 – 44,800. Overall, while the broader trend remains bullish, short-term corrections are expected before the market resumes its upward trajectory. Traders should keep an eye on key economic releases and geopolitical developments, as they could significantly impact market sentiment and price action.
SKILLING:US30Short
by karabompesi
MSFT GEX Analysis and Option Trading SuggestionsKey Observations from GEX Chart 1. Call Resistance: * Key resistance levels are observed at $420 and $415, with a strong gamma wall acting as a potential rejection zone. 2. Put Support: * The strongest support is near $405, aligning with a high concentration of negative gamma exposure. Below this, $400 serves as additional support. 3. Gamma Pivot Zone: * $412.50 acts as a pivotal point. Holding above this level could lead to a bullish continuation, while rejection might favor bears. 4. IVR (Implied Volatility Rank): * IVR at 29.8, indicating relatively low implied volatility, making option premiums affordable for directional trades. 5. Implied Volatility (IVx): * IVx at 25.1, with a decline of -4.2%, reflects reduced uncertainty in the market. Option Trading Suggestions 1. Bullish Scenario: * If MSFT breaks and sustains above $415: * Trade Idea: Buy a Call Debit Spread. * Strike 1: $415 (Buy Call) * Strike 2: $425 (Sell Call) * Expiry: 2-3 weeks out. * Reasoning: This setup aims to capitalize on a breakout above resistance with a defined risk-reward ratio. 2. Bearish Scenario: * If MSFT rejects $412.50 or breaks below $405: * Trade Idea: Buy a Put Debit Spread. * Strike 1: $410 (Buy Put) * Strike 2: $400 (Sell Put) * Expiry: 2-3 weeks out. * Reasoning: Targets downside momentum toward the $400 support level. 3. Neutral Strategy: * For expected consolidation between $405 and $420: * Trade Idea: Sell an Iron Condor. * Sell Put: $405 * Buy Put: $400 * Sell Call: $420 * Buy Call: $425 * Reasoning: Profits from time decay within the identified range while limiting risk. Thoughts and Insights * Critical Levels: * Support: $405, $400 * Resistance: $415, $420 * Momentum Shift: A break above $415 confirms bullish sentiment, while a fall below $405 could attract more selling pressure. * Volatility Context: Low IVR suggests cheaper option premiums, suitable for initiating directional trades or range-bound strategies. Reminder: GEX data updates every 15 minutes. Always refer to real-time data for precise trading decisions. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and manage risk effectively when trading.
NASDAQ:MSFT
by BullBearInsights