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2025-04-08 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. comment: W3 was climactic and there could be a possible W5. Right now we are in W4 and the given range will likely be respected and not broken. I will most likely mean reverse to 20000 over the next days. current market cycle: strong bear - W3 concluded - W5 possibly down to 16000 if we get one but W3 could have been the end of it since it was so climactic and extreme. key levels: 16000 - 18400 (but I doubt we get below 16400 for the next days/weeks) bull case: Both sides make good money currently and we have a big range to trade. 17500 is my neutral price where I expect market to spend most of it’s time for the next days/weeks. We should see at least 10 session sideways to up movement. Invalidation is below 16400. bear case: Bears can not expect this to continue down for now and they have to continue to keep the market below 19000 and leave a big gap open up to 19350. Earnings start on Friday and I have no idea how that will go. So no bearish bias since my targets are all met. short term: Neutral around 17500 and only interested in fading the extremes in given range. medium-long term - Update from 2024-03-16: My most bearish target for 2025 was 17500ish, given in my year-end special. W3 overshot it by 1000 points. Now my bearish bias is gone and I will wait how this unfolds. Big uncertainty for this year but I think this selling is overdone and big bois are buying with both hands below 17000. trade of the day: Selling the double top above 18300 for a casual 14000 point drop. Congratulations if you took it and held through it. I did not.
CME_MINI:MNQ1!
by priceactiontds
Gold (XAU/USD) 4H Analysis – Bullish Momentum Building Up?**Gold (XAU/USD) | 4H Chart | Bullish Bias** Gold continues to shine as it builds a solid bullish structure on the 4H timeframe. After a healthy pullback, price has bounced back strongly, holding above key support zones and aiming higher. **What's happening now?** - Price is forming *higher highs and higher lows*, respecting the bullish trendline. - Strong demand kicked in around the *$2,950* zone — a key level to watch for potential pullbacks. - The next resistance lies near *$3,050*, a psychological and technical level that could act as the next target for buyers. **Technical Confluence:** - *Fibonacci retracement* aligns with recent pullbacks around $2,950 – offering strong support. - *RSI* is hovering above 50, confirming ongoing bullish momentum. - Price remains above the *50-period EMA*, supporting the uptrend. --- **Bullish Scenario:** If gold holds above $2,950 and breaks above $3,010 with volume, we could see a push toward *$3,050–$3,070* in the short term. **Invalidation:** A confirmed break below *$2,940* could weaken the bullish outlook and shift momentum. --- **Educational Insight:** In trending markets, pullbacks to key zones like Fibonacci levels or prior support often offer higher-probability trades. Instead of chasing breakouts, look for *retests* with confirmation. --- What’s your take on gold right now? Are we headed toward new highs or due for a pause?
TVC:GOLDLong
by Saeed966
2
Bitcoin Signal for Short Lets Make Some Real GameThis is an educational trading setup for Bitcoin (BTC/USD), focusing on a short position opportunity between the $82,000 and $80,000 price levels. The analysis is based on technical indicators, price action strategies, and current market sentiment. Please note: this is not financial advice, strictly for learning purposes! 📉 Trade Concept: Entry Zone: $82,000 Target Zone: $80,000 Setup Type: Short / Sell Timeframe: Short-term / Intraday Market Context: After an extended bullish rally, BTC/USD is showing signs of exhaustion near key resistance. High probability retracement expected towards the $80,000 support area. 🔍 Educational Insights: Technical Indicators: Overbought RSI levels, bearish divergence, and candlestick reversal patterns around $82,000 zone. Psychological Levels: $80,000 is a major psychological number where buyers may step in. Risk Management: Always use stop-losses and proper risk-reward ratios in live trades. 💡 Purpose of Sharing: This setup is shared purely for educational purposes to help traders understand how to spot potential short opportunities in volatile markets like Bitcoin. Learn how to analyze resistance zones, manage risk, and read price action effectively. 📢 Disclaimer: This is not financial advice. For educational purposes only. Always do your own research and consult with a professional before making financial decisions. #Bitcoin #BTCUSD #CryptoAnalysis #ShortTrade #BitcoinSignal #PriceAction #Educational #TradingStrategy #TechnicalAnalysis #CryptoEducation #LearnTrading #RiskManagement
Short
by ss7trader
BTC/USD Forming Bullish Falling Wedge – Potential Target📐 2. Technical Pattern – Falling Wedge A falling wedge forms when the price consolidates between two converging downward-sloping trendlines. It suggests diminishing selling pressure and a likely reversal. Key Characteristics in This Chart: Upper Resistance Trendline: Formed by connecting the series of lower highs. Lower Support Trendline: Formed by connecting the lower lows. The price respects both boundaries, confirming wedge structure. Volume generally decreases during the wedge (implied but not shown). ✅ Bullish Implication: Once price breaks above the upper resistance, it often triggers a sharp upward move due to the squeeze of supply and the build-up of demand. 🧱 3. Support and Resistance Zones 🔻 Resistance Zone: Area: ~100,000 to ~108,000 USD Marked as a wide horizontal band (beige-shaded area). Previous price peaks and consolidations suggest this zone is strong supply. Breakout above this zone could trigger momentum towards the higher target. 🔹 Support Zone: Area: ~72,000 to ~75,000 USD Historical reaction level where buyers previously stepped in. Coincides with the lower wedge boundary and recent bounce points. Repeated tests strengthen this as a reliable accumulation zone. 🎯 4. Trade Setup Strategy 💼 Entry Strategy: Trigger: A confirmed breakout above the wedge’s upper trendline (black diagonal line). Confirmation: A strong bullish daily close above the trendline, ideally with volume spike. The current price (~77,130) is near the lower boundary—offering a potential early entry or low-risk setup with a tight stop. 📌 Stop-Loss Placement: Level: 70,916 USD Below the wedge’s lower support and beneath the broader support zone. Ensures exit if the pattern fails or bears regain control. 🧭 Target Projection: Target Price: 114,562 USD Based on the height of the wedge projected from the breakout point, a standard wedge breakout measurement. Aligns with historical highs and psychological resistance. 🧮 Risk-Reward Ratio: Assuming entry around 77,130: Risk (Stop-Loss): ~6,200 points Reward (Target): ~37,432 points R:R Ratio ≈ 1:6 – Highly favorable ⚙️ 5. Market Psychology & Price Action Insight The falling wedge pattern suggests exhaustion of sellers. Buyers are defending the support zone aggressively—creating higher lows within the wedge. Each bounce is slightly more aggressive, indicating growing bullish sentiment. A breakout from the wedge could act as a catalyst for rapid price acceleration as sidelined bulls enter and shorts cover. 📊 6. Summary of the Setup Component Detail Pattern Falling Wedge (Bullish) Timeframe 1-Day Chart Entry Point Breakout above upper trendline Stop Loss 70,916 USD Target 114,562 USD Support Zone 72,000–75,000 USD Resistance Zone 100,000–108,000 USD Risk/Reward Approx. 1:6 Bias Bullish 📌 Final Thoughts This setup provides a technically sound opportunity with clear invalidation (stop loss) and a well-defined profit target. The risk-to-reward ratio is attractive, and the price structure suggests a bullish reversal is likely, pending a confirmed breakout.
BITSTAMP:BTCUSDLong
by GoldMasterTrades
BTC/USD Long Setup – Bullish Reversal PlayAfter a sharp drop, BTC is testing a key liquidity zone around 78.2k. The market structure suggests a potential bullish reversal, with a fakeout and recovery in sight. 📌 Trade Idea: Entry: After confirmation of a reclaim and bullish structure break (above ~79.3k) SL: Below recent low ~77.6k TP: 82.8k zone RRR: ~3.2 📅 Timeframe: 30min 📈 Bias: Counter-trend long 🔁 Watch for: Price reaction at current support and market structure shift 🚨 Wait for confirmation – patience is key in volatile conditions!
VANTAGE:BTCUSDLong
by EpicmindJournyFX
1
#202514 - priceactiontds - weekly update - wti crude oil futures Good Evening and I hope you are well. #mcl1 - wti crude oil futures comment: Strong momentum for the bears but I have zero interest in selling where all bears for the past 2 years lost money. Not much more to say about this. Wait for strong buying and join but market will likely do some more testing of 60 first and then sideways before we can go higher. Anything above 63 is a bull surprise and could lead to a squeeze. current market cycle: trading range on the monthly chart key levels: 59 - 63 bull case: Bulls are at prior big support but right now we are still in the spike down phase. Market likely needs some time sideways before we can try a bounce. Bulls would do good if they stay above the 2023-12 low and keep it a higher low. Targets for bulls are the bull trend line break retest around 63.7 and the next breakout retest 2025-03 low at 65. Invalidation is below 59. bear case: Bears had the news crash down and now what? Are they strong enough to make lower lows below 60? I highly doubt it until it happens. Only pattern is an ugly expanding triangle and we are at the very bottom of it. Bears don’t have much reasons to sell down here but technicals only go so far for commodities. I will sit on hands for this. Invalidation is above 63. short term: Neutral for now but I will never sell down here since we have not traded this low for 2 years and every time we went below 65 bears lost. medium-long term - Update from 2025-02-23: Down at support again around 60. Market has not traded below 59 since 2023 and until it happens it’s a bad trade betting on it. It’s a multi-year trading range and below 64 bulls made money, not bears. current swing trade: None chart update: Highlighted broken shallow bull trend line and just removed things
NYMEX:MCL1!
by priceactiontds
#202514 - priceactiontds - weekly update - nasdaq e-mini futures Good Evening and I hope you are well. comment: W3 has likely concluded and I expect the same price action as for W2. Market is respecting technicals precisely. Look at the chart and the obvious numbers and lines. We can always do an over- or undershoot but for now I don’t think looking for shorts after two days of crashing make any sense. current market cycle: strong bear trend key levels: 16000 - 19600 bull case: Bulls still running for the exits but we have fallen too much too fast and we are getting into value territory for bigger players to buy the dip. Almost nothing is ever as bad as these extreme market reactions want to trap you into. Not to the downside and certainly not to the upside but to the upside everyone is busy pounding their chest because they are such a genius for making money in a bull market. Bulls want a squeeze up to 19000, that’s about it. Bear trend line around 18800-19000 will most likely get hit over the next 2 weeks. Invalidation is below 17000. bear case: Same reasoning as for dax. Bears want the big bull trend line around 16500 but they won’t get there in a straight line. W4 is likely around the corner. If we stay below 18800, that would once again leave another gap open and be another show of big strength by the bears. Invalidation is above 19100. short term: W3 has likely concluded, shorting below 18000 is really really not a good trade unless it’s a momentum scalp. Looking to scalp some longs on the squeeze up. medium-long term - Update from 2024-03-16: My most bearish target for 2025 was 17500ish, given in my year-end special. Clear W1 of this bear trend. Market now has to close below 19000 to confirm W3. Depending on how deep W3 goes, W5 will either reach only around 17500 or the bull trend line around 16000. current swing trade: None chart update: Made the bear trend clear and my expectation for W4 and W5. As always, it’s a guess.
CME_MINI:MNQ1!
by priceactiontds
#202514 - priceactiontds - weekly update - dax futures Good Evening and I hope you are well. comment: By now you could likely be crash-news-fatigued and I get it. I keep it short and technical. My base assumption is that all markets are heading for their 50% retracements from the covid lows. If no bigger positive news will stop it, we will get there with the next leg down. For now market is tough since 20500 is close enough to expect 20000 but we could very well squeeze to 21500 before more down. Do not try to catch the knife here and wait for market to clearly stop the falling. Chart is clear, mark the levels and trade small. current market cycle: bear trend key levels: 20000 - 21500 bull case: Bulls are at big support with 20000 and the bull trend line from 2023-10. That bull trend line can be drawn many different ways and I just presented one possibility and you never know which algos respect what version the most until market has turned. I do think the selling is overdone very much and the short squeeze is around the corner. Targets above are the obvious ones. 21000 and then maybe 21500 but not much more for now. Invalidation is below 19900. bear case: Bears need to reduce risk and lock in some profits I think. I highly doubt market can go to 22000 but it’s not impossible and bears don’t want to see their windfall profits disappear again. The odds of continuing straight down after -10% are low. Very very low. Market could likely do some sideways first. Bears want 20000 and there I expect most to take big profits and a bigger bounce. My wave count is most likely off since I can not see this selling ending here above 20000. The covid low bull trend line is around 19500 and too obvious to not get hit over the next weeks. Invalidation is above 21600. short term: Neutral but I expect a big short squeeze next week. 21500 is my target for the bulls but most likely outcome for next days is chop between 20000 and 21000 medium-long term from 2024-03-16: Clear new bear trend and targets were given end of 2024. If this hits 19500, you buy with both hands stocks and etfs and do not look at them for months or years. Generational buying opportunity. current swing trade: Out of most shorts. Next swing will be for W5 but I want an entry closer to 21500 or 22000 but 22000 is likely too much and we could not get there. chart update: Big bear gap won’t stay open in that size. Big bear trend line above is the most important line on this chart besides the bull trend line from the covid low.
EUREX:FDXS1!
by priceactiontds
#202514 - priceactiontds - weekly update - bitcoinGood Evening and I hope you are well. #btcusd - bitcoin comment: The move I was writing and have been expecting for multiple weeks started today and 75k is the target. I won’t repeat all of it. Chart is clear and now it’s on bears to make meaningful lower lows. Below 70k you will likely see some panic. current market cycle: bear trend key levels: 70k - 90k bull case: Bulls tried and failed under 90000. Now their last hope is to keep it above 75000 or risk going down to 70000 or below. I absolutely have nothing for them besides praying that 75000 holds. Invalidation is below 70k. bear case: Bears have all the arguments now and the chart is clear as day. Would not be the first time a market would do the opposite of what’s expected but you will not make money in the long run if you only bet on the low probability things happen. Maybe you can but you have to be S-Tier trader amongst traders. Much easier to follow the trend here. 75000 was my big target and I hope we crash to 69000. Invalidation is above 90k. short term: Full bear for 75000 or lower. medium-long term - Update from 2025-02-23: 75000 is still my biggest target for 2025. It’s happening. 70k/75k and then I expect a bigger bounce first. Then we will see if we can go lower or not. For now it’s very low probability that the big bull trend line from 2023-10 breaks anytime soon. current swing trade: Short since 85000. Stop is 89000 no matter where you go short. chart update: Removed one minor broken bear trend line.
CRYPTO:BTCUSDShort
by priceactiontds
GOLD(XAUUSD) -Weekly Forecast,Technical Analysis & Trading Ideas💡 Daily Timeframe: As the 4CastMachine AI forecasted, the price began its decline towards the $3,000 support. At the support area of 3000, the up trend line will also prevent further declines. If this area is broken, the price will decline to the support area of ​​2789.95. This area, which was previously a major resistance, will become a major support, creating a good buying opportunity. So, given the long-term uptrend, we can use this area as a long-term BUY ZONE. OANDA:XAUUSD TVC:GOLD 💡 H4 Timeframe: Gold started its decline when it hit the 3167 resistance. The uptrend is broken, and price is in an impulse wave. This decline will continue, but the support area of ​​3000 and uptrend line could trigger a resumption of uptrend. 💡 H1 Timeframe: If the price enters the sell zone with a corrective wave, we will wait for the price to reject from that area. If we see a price rejection from the sell zone, we can sell. H1 Forecast: Correction wave toward the Sell Zone Another Downward Impulse wave toward Lower TPs __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . . . . Hit the 'BOOST' button 👍 . . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?) 🙏 Your support is appreciated! Now, it's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
FX:XAUUSD
by ForecastCity
30
GBPUSD FORECASTIn this analysis we're focusing on 4H time frame for GBPUSD. As we know that market trend was bullish and today I'm looking for a buy side opportunity. According to my analysis, if the market price wants to continue its move to the upside, it will need to first retest the key levels drawn on the chart before it can continue its upward movement. Let's see what happens and which opportunity market will give us. Always remember when price reaches our key levels wait for confirmation. After confirmation execute your trades. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis or prediction. #GBPUSD 4H Technical Analyze Expected Move.
Long
by TradeTacticsreal
1
GBPJPY TODAY FORECASTIn this forecast we're analyzing 2H time frame for GBPJPY. Today I'm looking for a potential buy trade setup. According to my analysis and strategy when price enters in my key levels as shown in the chart and give any bullish confirmation like candlestick pattern or price action. After taking confirmation we'll trigger our trade. Confirmation is most important part of this analysis. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analysis. Further updates related this analysis will posted soon once price reach our levels. #GBPJPY 2H Technical Analysis Expected Move.
Long
by TradeTacticsreal
#BTC/USD ANALYSIS. (BULLISH)Bitcoin Price Action Analysis. The Next Big Move? Bitcoin is moving within an ascending channel, showing strong bullish momentum! However, a key decision point is approaching as the price nears a critical support zone (highlighted in blue). If BTC holds above this level, we could see a strong push towards the $91,500 resistance and potentially break into the $94,700 range. A well structured risk-to-reward setup is in play, with a potential bullish breakout targeting new highs. Will BTC sustain its momentum, or will we see a retracement before the next leg up? Stay sharp and trade wisely! We will execute our trades only after receiving bullish confirmation. Use proper stoploss and proper money management. This is just my analysis. Observe the behavior of price how it will react. #BTCUSD 2H Technical Analysis Expected Move.
OANDA:BTCUSDLong
by TradeTacticsreal
1
EUR/JPY Falling Wedge Breakout | Bullish Potential Ahead🔍 Chart Overview: EUR/JPY – Daily Timeframe This chart illustrates the price action of the Euro against the Japanese Yen and highlights a Falling Wedge Pattern developing over several months. This is a classic bullish continuation/reversal setup, supported by key technical levels. 📐 1. Chart Pattern: Falling Wedge A falling wedge is a bullish chart pattern that occurs when the market consolidates between two downward-sloping trendlines. Characteristics Seen in the Chart: Converging Trendlines: The upper (resistance) and lower (support) boundaries are both sloping downward, indicating a narrowing price range. Volume (not shown) usually decreases during the formation, followed by a surge on breakout. Multiple Touch Points: The price action respects both boundaries multiple times, confirming the pattern's validity. 🏛️ 2. Key Levels ✅ Support Level (Demand Zone): Marked around 156.000 – 158.000 Multiple bounces from this area, indicating strong buying interest. Aligned with the lower wedge trendline and historical price reaction zones. 🚫 Resistance Level (Supply Zone / Breakout Zone): Around 164.500 – 166.000 Price repeatedly failed to break this level, confirming it as a strong supply area. Confluence of horizontal resistance and the upper wedge boundary. 📊 3. Trade Setup 💼 Entry Strategy: Confirmation Buy: Enter a long position upon a daily candle close above the wedge resistance (around 166.000). Aggressive traders may consider an earlier entry near the wedge’s support with a tight stop. 🎯 Target: The projected target is 172.962, calculated based on the height of the wedge pattern added to the breakout point. This aligns with a previous swing high area, serving as a logical profit-taking zone. 🛑 Stop Loss: Positioned at 155.576, just below the key support zone. This allows the trade room to breathe while protecting against a full pattern failure. ⚖️ 4. Risk Management Risk-to-Reward Ratio (RRR): Target around 172.962 and Stop Loss at 155.576 offer a favorable RRR of approximately 2.5:1 or more, depending on entry. Position Sizing: Use appropriate lot size based on your account risk tolerance (e.g., 1-2% of equity per trade). 📅 5. Timeframe Outlook Medium to Long-Term Setup: Since this is a daily chart, the trade may take weeks to months to fully play out. Patience and proper trade management are essential. 🔎 6. Additional Notes Retest Opportunity: If price breaks out, look for a retest of the resistance zone as new support before continuation to the upside. Fundamental Factors: Keep an eye on EUR and JPY economic data, ECB and BoJ policy announcements, and global risk sentiment, which can influence the pair. 🧭 Professional Takeaway This is a textbook bullish falling wedge pattern within a well-defined technical structure. The chart provides: A clear pattern breakout level, Strong historical support/resistance zones, A defined risk management plan, And a realistic price target based on technical projection. If you are a swing trader or position trader, this setup offers a high-probability opportunity with favorable risk-reward dynamics—provided a breakout is confirmed.
Long
by GoldMasterTrades
EUR/GBP Analysis Double Bottom Breakout Toward TargetOverview of the Chart This chart displays a EUR/GBP daily timeframe setup, highlighting a Double Bottom Pattern, a well-known bullish reversal formation. The pattern consists of two consecutive lows at a similar price level, followed by a breakout above a key resistance zone. This setup suggests a potential trend reversal from bearish to bullish. Technical Analysis Breakdown 1. Double Bottom Formation (Reversal Signal) Bottom 1: The first low was established after a prolonged downtrend, where the price found support and bounced higher. Bottom 2: Price revisited the same support area but failed to break lower, indicating that sellers are losing strength and buyers are stepping in. A double bottom pattern signals that the asset is forming a strong base and is likely to move higher after breaking the neckline (resistance level). 2. Support and Resistance Levels Support Level (~0.8322): This level acted as a demand zone, preventing further downside. It marks the price area where buyers accumulated positions, leading to a reversal. Resistance Level (~0.8500): This level previously acted as a supply zone, where sellers controlled the price. A breakout above this level is crucial to confirm the bullish trend continuation. 3. Breakout Confirmation & Retest Expectation The price successfully broke above the resistance zone, confirming a bullish reversal. A potential retest of the broken resistance (now turned support) could occur before further upside movement. Traders often wait for this retest to confirm that the breakout is genuine before entering a position. 4. Price Target Projection Based on the measured move strategy, the expected target is calculated by measuring the height of the double bottom pattern and projecting it above the breakout zone. Target Price: 0.8742, aligning with historical resistance levels. 5. Stop Loss Placement Stop loss at ~0.8322 (below the double bottom support). This ensures risk is managed in case of an invalid breakout or a false move. Trading Plan & Execution Strategy 📌 Entry Strategy: ✅ Breakout Entry: Buy after the breakout above resistance. ✅ Retest Entry: Wait for a pullback to the previous resistance (now support) before entering. 📌 Risk Management: 🔹 Stop Loss: Placed below the recent support at 0.8322 to limit downside risk. 🔹 Take Profit: First target at 0.8742 based on the double bottom structure. 📌 Market Outlook: A successful breakout and bullish momentum could push prices toward the target. If the price fails to hold above the breakout zone, a deeper retracement could occur before continuing higher. Conclusion The EUR/GBP pair has formed a bullish double bottom reversal pattern, signaling a potential uptrend continuation. The key levels to watch include 0.8500 (resistance turned support) and 0.8742 (target projection). Traders should monitor price action around the breakout zone for confirmation and consider risk management strategies before entering a position.
Long
by GoldMasterTrades
BTC/USD Weekly Analysis – Cup and Handle Breakout Toward Target🔍 Overview The chart displays a classic Cup and Handle pattern on the weekly timeframe, a well-established bullish continuation formation often found in long-term uptrends. This pattern, combined with major technical confluences such as trendline support and strong horizontal levels, provides a high-conviction long setup with defined risk and reward. ☕ 1. The Cup Formation Timeframe: Mid-2021 to early 2024 Shape: Rounded bottom, a hallmark of slow accumulation. After reaching an all-time high in late 2021, BTC entered a bear market, dropping sharply and eventually bottoming out between $15,000–$20,000. A gradual recovery followed, forming a wide and symmetrical base—indicating accumulation by institutional and long-term holders. This phase represents a shift in market sentiment, from bearish to neutral, and eventually bullish, as buyers stepped in around key demand zones. 🔧 2. The Handle Formation Timeframe: Early 2024 to late 2024 After reclaiming its previous high resistance area near $69,000–$75,000, BTC formed a short-term consolidation or pullback, creating the "handle" portion of the pattern. The handle appeared as a descending channel, a healthy correction that typically precedes a breakout in this pattern. This correction also aligned with a trendline retest, offering dynamic support and further strengthening the pattern's reliability. 💥 3. Breakout Confirmation The breakout from the handle occurred above the descending resistance of the handle pattern. Weekly candles showed strong bullish momentum, backed by rising volume and rejection from lower trendline levels. BTC is now trading near $83,000, just above the trendline, confirming both pattern validation and support holding. 🎯 4. Target & Projection The measured move of the Cup and Handle pattern is calculated by measuring the depth of the cup and projecting that from the breakout point. Cup Depth: Approximately $60,000 Breakout Point: ~$75,000–$80,000 Target Price: ~$123,000–$125,000 This target aligns with historical Fibonacci extensions and psychological round-number resistance. 🔐 5. Key Levels Support Zone: $20,000–$30,000 (multi-year accumulation base) Trendline Support: Drawn from 2022 lows, holding well through handle correction Resistance Zone: $100,000 psychological barrier Stop Loss: Placed just below trendline and swing low at $76,340 to protect against downside volatility 🧠 Why This Setup is Strong Multi-year Base Formation (2.5+ years of consolidation) Pattern Reliability: Cup and Handle is a well-tested bullish continuation pattern Confluence of Support: Both horizontal and dynamic trendline support levels Momentum Structure: BTC has resumed higher highs and higher lows Volume: Breakout occurred with a noticeable spike in volume, a key validation point 🏁 Conclusion Bitcoin is displaying strong bullish potential through a large-scale Cup and Handle pattern. This technical setup is supported by: Long-term accumulation Structural breakout Strong support levels A clear roadmap toward $120K+ targets As long as BTC maintains above the trendline and doesn't invalidate the handle's structure, the bulls remain firmly in control.
BITSTAMP:BTCUSDLong
by GoldMasterTrades
XAU/USD Bullish Pennant Breakout - Trade Setup Toward Target📊 Overview: This 4-hour chart of Gold Spot (XAU/USD) presents a clean bullish pennant breakout followed by a corrective pullback to key support, offering a high-probability trading setup for bullish continuation traders. Gold recently surged above the psychological $3,000 level, but after testing the previous resistance zone / ATH, it retraced back into a critical confluence of support. From a technical perspective, the structure remains bullish, supported by strong trendline dynamics, clean price action, and a well-defined pennant formation. 🔍 Step-by-Step Breakdown: 1. Bullish Pennant Formation A bullish pennant is a continuation pattern that typically occurs after a strong upside rally (the "flagpole"). In this chart: The flagpole began around March 13, with gold moving vertically from ~$2,630 to ~$2,950. This was followed by consolidation between March 19–27, forming a symmetrical triangle pattern with converging trendlines (the pennant body). Volume (if added) would typically decrease during this consolidation phase. On March 27–28, price broke above the pennant, confirming the bullish bias. 📌 This breakout signals that buyers are ready to resume control after taking a breather. 2. Rally & Retest Phase Following the breakout: Price surged to challenge the resistance zone and all-time high (ATH) area, marked between $3,150 – $3,160. A natural pullback occurred due to profit-taking and overbought conditions. This retracement brought price back into the support zone at ~$3,000, intersecting perfectly with: The rising trendline from the pennant breakout A horizontal demand zone (former resistance turned support) A key psychological level ($3,000) 💡 This zone acted as a confluence area, attracting buyers and creating a strong bounce — visible as a bullish engulfing candle. 3. Support & Resistance Analysis ✅ Support Level: $2,990 – $3,010 Marked by previous highs before the breakout Validated by the trendline and price reaction 🚫 Resistance / ATH Level: $3,150 – $3,160 Historic resistance zone that capped the recent rally Price must break this level for further continuation toward the target 4. Trendline Dynamics The dotted trendline acts as a rising support structure. Trendlines in bullish continuations are crucial as they confirm upward momentum. As seen on the chart, price respected the trendline during the recent dip and bounced with strong momentum — a bullish signal. 5. Trade Setup & Risk Management A trade based on this structure should follow strict risk-to-reward discipline. 🛒 Entry Zone: Ideal re-entry lies between $3,030 – $3,040, after confirming the bounce from support. ❌ Stop Loss: Below $2,976, which is under the support zone and trendline. If price breaches this level, the pattern is invalidated. 🎯 Target: Measured move (height of the flagpole) projected from breakout zone gives us a target of around $3,221. The chart also marks this clearly as the "Target" zone. 📈 Risk-to-Reward Ratio: Approximately 1:3, which is attractive for swing trades. 6. Market Psychology & Trader Sentiment The bullish pennant represents temporary indecision, but ultimately market confidence remains strong. The pullback to support reflects healthy profit-taking, not bearish reversal. The bounce from support shows buy-the-dip mentality, a sign that bulls remain in control. 7. Macro & Fundamental Backdrop While the chart is technical, it's wise to factor in macro catalysts: 🏦 Federal Reserve policy: If the Fed holds or cuts rates, gold typically rallies due to lower opportunity cost. 📉 Inflation Data: Rising inflation or expectations can push gold higher as a hedge. 🌍 Geopolitical tensions: Conflicts or economic instability drive safe-haven flows into gold. Staying updated on these events can help validate or hedge your technical outlook. ✅ Conclusion: This chart presents a technically sound bullish continuation setup backed by: A breakout from a bullish pennant A retest and bounce from a confluence support zone A clearly defined risk (stop loss) and reward (target) Traders looking for medium-term opportunities in XAU/USD can consider this as a high-probability setup with logical structure and strong momentum potential. 🔔 TradingView Tag Suggestions: #XAUUSD #Gold #TechnicalAnalysis #BullishPennant #PriceAction #SwingTrade #Forex #TradingSetup #Commodities #GoldBreakout
OANDA:XAUUSDLong
by GoldMasterTrades
Mastering Market Trends: Your Guide to Clearer Trading DecisionsTrends shape every decision you make in the markets, even if you’re unaware of it. Understanding how to identify and adapt to these market phases is your foundational skill - one that separates successful traders from the rest. Today, let’s simplify and clarify the three essential types of market trends. By mastering this, you’ll approach trading decisions with more confidence and clarity. ⸻ 📈 1. Uptrend – Riding the Bull • What is it? An uptrend is like climbing stairs upward. Each step (low) is higher than the previous one, and every leap (high) sets a new peak. • What drives it? Buyers dominate, optimism rules, and demand pushes prices upward. • Trading tip: Identify support levels and look for retracements as potential entry points. Be cautious about chasing prices that have moved too far without a pullback. ⸻ 📉 2. Downtrend – Navigating the Bearish Territory • What is it? Visualize going down a staircase. Each step down (low) surpasses the previous one, and every upward bounce (high) falls short of the prior peak. • What drives it? Sellers control the market, bearish sentiment takes over, and supply outweighs demand. • Trading tip: Look for resistance areas to identify potential short entries or wait patiently for signs of a reversal if you’re bullish. ⸻ ➡️ 3. Sideways Market – The Calm Before the Storm • What is it? Imagine a tug-of-war with evenly matched teams. The price moves back and forth in a narrow range without breaking decisively higher or lower. • What drives it? Uncertainty, indecision, or equilibrium between buyers and sellers. • Trading tip: Stay patient! Either look to trade range extremes (buying support and selling resistance) or wait for clear breakout signals to catch the next big move. ⸻ 🔍 Pro Tip for Trend Analysis: • Multi-timeframe analysis is key: Always check higher timeframes (weekly, daily, or hourly) to confirm the primary trend. Don’t let short-term noise mislead your trading decisions. ⸻ 🚀 Why It Matters: Aligning your strategies with the correct market trend significantly improves your odds. It’s like sailing with the wind at your back instead of battling against it. Now, tell us in the comments: Which trend type do you find most challenging to trade? Trade smarter. Trade clearer.
OANDA:XAUUSDEducation
by TrendGo_Official