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BTC/USDT Breakout Strategy & Long SetupThe chart presents a clear structure for BTC/USDT on the 4-hour timeframe. After a significant retracement from the recent highs, BTC has formed a descending channel, which it has now broken out of, signaling potential bullish momentum. Chart Observations Descending Channel Breakout BTC was trading in a well-defined descending channel, consolidating near a critical demand zone. The breakout above this channel suggests a potential reversal in trend. Key Support Zone The price has respected the support range between $94,800 and $95,400, which aligns with a high-volume area and serves as a strong buy zone. Buyers have consistently stepped in here to defend this level. Demand Zone Test A retest of this support zone has provided a new opportunity to accumulate long positions. The candlestick wicks and volume activity indicate significant buying pressure in this area. Ascending Channel Formation Post-breakout, BTC is trading within an ascending channel, which offers potential upside targets as the price moves towards the upper resistance trendline. Short-Term Pullback Completed The previous bearish movement was capped at the support zone, with the "short position" trade closed as the price reversed into bullish territory. This reversal strengthens the case for a long position targeting higher levels. Volume and Momentum Increasing volume near the breakout and demand zone suggests that buyers are regaining control. Momentum indicators (not shown here) likely confirm this bullish bias. Key Insights for the Trade Idea Buy Zone The optimal entry for this trade is between $94,800 and $95,400, coinciding with the retest of the support zone and the lower trendline of the ascending channel. Stop Loss: A tight stop loss at $92,574 protects against downside risk while allowing room for natural price fluctuation. Targets: Gradual profit-taking is recommended at the following resistance levels, derived from Fibonacci extensions and key price levels. Targets 🎯: $96,333 – Immediate resistance and the first key level of profit-taking. $97,285 – Mid-range resistance within the ascending channel. $98,230 – Upper mid-point of the bullish channel. $99,212 – Close to psychological resistance and ascending channel boundary. $100,211 – Psychological round number and major resistance zone. Stop Loss $92,574: Positioned below the critical support zone to avoid invalidating the bullish setup. This setup presents a high-risk-to-reward opportunity with clear entry, exit, and risk management strategies. Adjust position size according to your trading plan and always adhere to risk management principles.
Long
by wolfchemist
1
GBP/CAD ROUTE MAPThis is my bias for GBP/CAD, where I am expecting the market to sell off from these levels and zones. The market has given a clear MSS, and the SNS has also turned into RNR. Now let's see what happens and which opportunity market will give us. The timeframe we have taken for this analysis is 1 hour. We will take the confirmation and entry on the 30-minute or 15-minute timeframe. Use stoploss for your trade. Always use proper money management and proper R:R ratio. #GBPCAD 1H Technical Analyze Expected Move.
Short
by TradeTacticsreal
BTCUSD ROUTE MAPThe price has reached an all time high (ATH), setting a new record. After hitting this peak, the price then pulled back and found support, where it experienced a strong rejection and is now starting to rise again. This upward movement indicates a potential continuation of the bullish trend. However, I am closely monitoring the resistance level, where I believe there may be an opportunity to sell. As the price approaches this level, I anticipate a potential reversal or consolidation, making it an ideal time to look for a selling opportunity. This analysis is based on Smart Money Concepts (SMC) and price action principles. Time Frame: 1H Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. #BTCUSD 1H Technical Analyze Expected Move.
OANDA:BTCUSDShort
by TradeTacticsreal
FIL/USDT Short Setup on Rising Channel BreakdownThis chart showcases a short position on FIL/USDT after a breakdown from a rising channel pattern. The price respected the upper and lower boundaries of the channel before breaking below the support, signaling a potential bearish continuation. Key Levels Entry Price: Around 5.39 (near the channel breakdown point) Stop Loss: Set at 5.59 (above recent resistance) Take Profit Target: Approximately 4.73 (aligned with prior support and pattern projection) Technical Insights Rising Channel Pattern: Generally bearish when a breakdown occurs, indicating a loss of bullish momentum. Bearish Confirmation: A strong downside move with momentum below the lower trendline enhances the validity of this setup. Risk-to-Reward Ratio: The setup offers a good R:R, making it an efficient short trade opportunity if market conditions align. Traders can watch for further confirmation, such as volume spikes or retests of broken support levels acting as resistance, before adding to their positions.
Short
by wolfchemist
11
2025-01-08 - priceactiontds - daily update - oilGood Evening and I hope you are well. tl;dr oil - Bearish but only slightly and probably better after a lower high above 74. Bears broke the bull trend line and made new lows. 75 got 2 big rejections and we either continue down or we do a lower high below 75.29. Selling below 73.5 has not been profitable for a week, so don’t try be the first. On the daily chart it’s still just a minor two-legged correction, so it’s not the best short to take. Bears probably want better confirmation. Their first target below 73 is 72 and then likely the daily 20ema around 71.5. comment: We have touched the bear trend line and my bullish targets are met. The daily bar closed on it’s low and is decent enough for bears to get potential follow-through into the end of the week. I would want either very strong confirmation for shorts below 73 or a lower high below 75 before I short this. No interest in longs. current market cycle: trading range key levels: 71 - 75.5 bull case: Bulls are still in control and making higher highs and higher lows. They want a daily close above 75 to retest the October high 77.38. They see a two-legged correction on the daily chart and that is a buy signal in a bull trend. Invalidation is below 71. bear case: Bears producing amazing bear bars above 74.5 but the follow through is terrible. They need lower lows below 72.7 to trap late bulls. The volume increase on the selling is good for them but until the trading range 72.7 - 75.3 is broken, bulls remain in control or market is at least neutral inside that range. I do think the overall structure on the daily/weekly time frames is in favor of the bears and once they get below 72.7, it’s a sell signal if you can hold a swing short with a wide stop. Next target is 72 and then 71.5ish (daily 20ema). Invalidation is above 75.3. short term: Neutral inside range and bearish below 72.7 or above 75 for a swing short. medium-long term - Update from 2025-01-02: Still no better medium-long term outlook to write about. The triangle has been going on for so long, it’s highly unlikely that we will break above it. current swing trade: Nope trade of the day: Selling 75 again was decent for 200 ticks.
NYMEX:MCL1!
by priceactiontds
1
2025-01-08 - priceactiontds - daily update - oilGood Evening and I hope you are well. tl;dr oil - Bearish but only slightly and probably better after a lower high above 74. Bears broke the bull trend line and made new lows. 75 got 2 big rejections and we either continue down or we do a lower high below 75.29. Selling below 73.5 has not been profitable for a week, so don’t try be the first. On the daily chart it’s still just a minor two-legged correction, so it’s not the best short to take. Bears probably want better confirmation. Their first target below 73 is 72 and then likely the daily 20ema around 71.5. comment: We have touched the bear trend line and my bullish targets are met. The daily bar closed on it’s low and is decent enough for bears to get potential follow-through into the end of the week. I would want either very strong confirmation for shorts below 73 or a lower high below 75 before I short this. No interest in longs. current market cycle: trading range key levels: 71 - 75.5 bull case: Bulls are still in control and making higher highs and higher lows. They want a daily close above 75 to retest the October high 77.38. They see a two-legged correction on the daily chart and that is a buy signal in a bull trend. Invalidation is below 71. bear case: Bears producing amazing bear bars above 74.5 but the follow through is terrible. They need lower lows below 72.7 to trap late bulls. The volume increase on the selling is good for them but until the trading range 72.7 - 75.3 is broken, bulls remain in control or market is at least neutral inside that range. I do think the overall structure on the daily/weekly time frames is in favor of the bears and once they get below 72.7, it’s a sell signal if you can hold a swing short with a wide stop. Next target is 72 and then 71.5ish (daily 20ema). Invalidation is above 75.3. short term: Neutral inside range and bearish below 72.7 or above 75 for a swing short. medium-long term - Update from 2025-01-02: Still no better medium-long term outlook to write about. The triangle has been going on for so long, it’s highly unlikely that we will break above it. current swing trade: Nope trade of the day: Selling 75 again was decent for 200 ticks.
NYMEX:MCL1!
by priceactiontds
2025-01-08 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr gold - Neutral. Higher highs and higher lows but bulls are barely advancing the price. We have still not touched 2700 and even if we get there, I think we find more sellers than buyers and continue sideways in a bigger range. Every new high is sold and bulls will only try so many times before they give up. Bears need lower lows below 2660, bulls want 2700 and bulls are still favored for now but only on pull-backs. comment: 4 pushes up now and selling new highs has been profitable for 3 weeks. 2700 is the absolute max I can see this touching but I’d much rather sell new highs than looking for longs on this. current market cycle: trading range key levels: 2560 - 2700 bull case: Bulls want 2700 next but I doubt they will get much higher than that. That view has not changed over the past 2 weeks. They are fine as long as they are making higher lows and higher highs but they will only try so many times before we see a bigger pullback. Structure-wise bulls do not have much going for them and neither the bears. Market is in an upwards trending trading range and you should not over analyze it. Invalidation is below 2640. bear case: Pullbacks are getting bigger but bulls buy it all and bears can’t get follow-through selling after a decent spike. The spike is likely someone big dumping huge positions but it doesn’t matter. I expect more sellers to come into this once we get closer to 2700. First target for bears is a break of the trend line on the 1h tf and a new low below 2650. Closing the week at or below 2650 would be good for bears because that’s where we closed last week and my neutral price for now. Invalidation is above 2710. short term: Bearish at new highs (at or above 2680) but market is in a trending trading range. Don’t swing for the fences on shorts. medium-long term - Update from 2024-01-02: If we break strongly above 2700, we will likely retest 2740-2760 and depending on that move, we will either stay inside the big range 2560 - 2760 or retest 2800 or even higher. current swing trade: None trade of the day: Shorting close to 2680 was good for the past 5 days.
COMEX_MINI:MGC1!Short
by priceactiontds
Will BTC Dive to $88K ? Bitcoin Breakdown Alert & Bearish SetupBitcoin has broken down from a well formed rising channel, signaling a potential bearish continuation. The heavy rejection near the $100,000 psychological level followed by a drop to $96,000 indicates strong selling pressure. The price is now trading below a key support-turned-resistance at $97,200. Key Levels Resistance Zone: $97,200 Current Price: $96,498 First Support Target: $90,000 - $91,000 Final Support Target: $88,400 Technical Insights 1. Rising Channel Breakdown The price broke below the lower trendline, suggesting a bearish reversal. Rising channels often precede significant downside moves. 2. Failed Support Retest Possibility There is a likelihood of a retest of the $97,200 resistance zone before continuing the downward movement. This can provide a new shorting opportunity. 3. Bearish Momentum Indicators The recent high-volume sell-off reflects weakening market sentiment. Additional rejection near resistance would increase the probability of testing lower levels. 4. Market Instability The current instability points to further downside risks, particularly if global macroeconomic factors or crypto market sentiment do not improve. Potential Trade Idea Entry (Short): Near $97,000 $97,200 on a retest Stop Loss: Above $98,000 to minimize risk Target 1: $91,000 Target 2: $88,400 This trade offers a favorable risk-to-reward ratio if the retest scenario plays out. Traders should monitor volume and any bullish reversals cautiously. Bitcoin appears poised for further downside movement, with key levels to watch closely. Market participants should remain vigilant as volatility may increase in the coming days.
Short
by wolfchemist
Gold Buy Setup: Bullish Price Action at Fibo 61.8#GOLD has completed a short-term pullback on the H4 chart and now shows bullish price action signals at the Fibonacci 61.8 retracement level. Two consecutive pin bars support this zone, indicating a strong rejection of lower prices. The structure aligns with a 5-3 wave setup, suggesting the potential for at least a three-wave upward movement. My initial targets are the key resistance levels at 2660 and 2700, where I anticipate significant price reactions. If these levels are cleared, it could lead to a breakout of the previous structural resistance, paving the way for a stronger bullish continuation. On the flip side, failure to break these levels may result in a bearish reversal. This setup provides a high-probability trade with an excellent risk-to-reward ratio for upside movement.
FX_IDC:XAUUSDLong
by Trade-Insider
Bank Nifty Buy Swing SetupEntry Reason: The primary reason for this trade is the respect of a key trendline observed on the higher time frame, indicating strong support at current levels. Additionally, based on internal market structure and my personal analysis, the price action suggests bullish momentum. The recent consolidation further strengthens the likelihood of an upside breakout. Stop Loss: A 500 to 1000 point stop loss has been placed to manage risk effectively. This level accounts for potential minor pullbacks without invalidating the overall bullish setup. Target: Given the trendline respect and market dynamics, a minimum upside of 1500 points is expected, offering an attractive risk-to-reward ratio of 2:1 or better. Conclusion: This trade is based on a combination of technical analysis (trendline respect) and personal observation of internal price action behavior. The setup offers a well-defined risk with significant upside potential.
NSE:BANKNIFTYLong
by sorathiyarobin786
UNI/USDT Short PositionThis chart illustrates a short position on UNI/USDT following a potential bearish breakout from an ascending wedge pattern. The price action has been respecting the upper and lower trendlines, forming higher highs and higher lows. However, the breakdown below the lower support trendline signals a reversal. Key Levels - Entry Price: Near 13.90 (just below the breakdown point) - Stop Loss: Around 14.27 (above the wedge resistance) - Take Profit Target: 12.12 (aligned with key support levels and pattern height projection) Technical Insights Rising Wedge Pattern: Typically bearish, indicating weakening bullish momentum before a potential decline. Bearish Confirmation: The strong bearish candlestick closing below the wedge support adds confidence to the short setup. Risk-to-Reward Ratio : This trade offers a favorable R:R, approximately 1:2.5, making it an attractive short opportunity. Watch for additional confirmations like increasing volume on the breakdown or retests of the former support turned resistance to add confluence.
Short
by wsaetos
GOLD ANALYSISThe price is currently in a consolidation phase. If the price moves above the 2642 area and closes the candle there, it will indicate that buyers have regained their lost control. In this case, we will consider entering a buy trade. On the other hand, if the price breaks below the 2632 area and closes the candle under this level, it will suggest that the sellers have strengthened their position, and we can consider entering a sell trade from this point. In this analysis, the closing of the candle holds significant importance, as it indicates the direction in which the market is likely to move. The way the candle closes helps confirm whether the buyers or sellers are in control, providing critical insight into the potential next move in the market. Time Frame: 30M,15M Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. #XAUUSD 30M Technical Analysis Expected Move.
FX:XAUUSD
by TradeTacticsreal
2025-01-07 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax futures - Bearish af. Bulls overextended and squeezed probably most shorts. High tick was exactly the same price 20533 we did before the big sell-off down to 19831. Small chance bulls retest 20500 tomorrow but I don’t care. I will continue to scale in and out of shorts with a stop 21000. Downside potential is to 20000 while upside is either very limited or we have seen the high today. comment: Amazing short squeeze. I started scaling into shorts way too early but came out green and holding on to swing shorts for 20k again. 4h chart shows two very strong legs up and there is a chance for a third but I doubt we make another high above 20533. My preferred path is the triangle and I will only look for shorts until we hit 20100 again. current market cycle: trading range key levels: 20000 - 20500 bull case: Bulls did amazing today and made 300 points from today’s low. They want another strong leg up to retest the ath 20735. They are still inside the bull channel and we have left two open gaps, on the 1h tf (or above), below us. Bulls have also going for them that we are trading above all important ema and until bears start closing the gap to 20360, bulls are fine for now. Invalidation is below 20300. bear case: Bears stepped completely aside today and once they came around, it was not as strong as expected. 20533 qualifies for a lower high and it could be the top for now but bulls have way more arguments on their side as of now. Once bears start closing 1h bars below 20390 and then 20350, their chances get better for a reversal. Bull trend line needs to be broken early tomorrow or we continue sideways at the highs or even make a higher one. I still have only interest in shorts and will happily scale into shorts. Invalidation is above 20550. short term: Neutral 20400 - 20500 and bearish above. Will continue to scale into shorts above 20450. medium-long term from 2024-12-22: Any short near 20000 is reasonable if you can hold for another 1000 points higher. 17000 is much more likely than 21000 though. My first target for the next months is 19000, followed by 17700ish and ultimately down to 16000-16300 in 2025. current swing trade: Short. Avg price for shorts is 20450 now for me. trade of the day: Long since EU open was pretty good.
EUREX:FDXS1!
by priceactiontds
2025-01-07 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well. tl;dr bitcoin - Bearish. Yesterday’s bullish read correct and I would write it that way again. Bears took control of the market with the break below 101k and we just melted lower. We now have a perfect head & shoulders pattern with a target that aligns with my overall read and year end comment but confirmation will only be below 90000. The lower high 102718 was high enough and we could just go down from here. Buckle up crypto bros. comment: Nasty bull trap and we have an amazing bearish outside down bar. I expect 92000 next and maybe 90k. Can bulls reverse this again to go above 103k? 100k maybe but I highly doubt anything above that. The head & shoulders looks good but confirmation is only below 90k. current market cycle: trading range key levels: 90000 - 103000 bull case: Bulls need to stop the selling and trade back to 100k and go sideways to keep the market neutral. If bears continue tomorrow, most bulls won’t hold long and have to cover again and will only look to enter closer to 90k. Bulls don’t have too much going for them after the huge reversal bar today. Invalidation is below 90000. bear case: Bears need follow-through tomorrow and a retest of 93000 or lower. Since the market has been going sideways for 2 months, the odds of a breakout below are small. Bears see today’s selling strong enough for at least a second leg and a measured move would bring us to 90000. I will watch for intraday shorts near the 1h 20ema. Invalidation is above 103000. short term: Bears are in control again and want a second leg down to 89k - 93k. I want to see a pull-back to the 1h 20ema and a strong signal bar before I add to shorts. medium-long term: 75000 is my biggest target for now and until bears get there, any lower target is just unreasonable. My bias is bearish going into 2025 and I think the odds of a bigger leg down are good. current swing trade: Short since 98k. Want to see 90k next to take some profits and add again higher or on a strong break below 90k. trade of the day: Shorting the breakout below 101k was amazing.
CRYPTO:BTCUSDShort
by priceactiontds
Gold Price Analysis: Key Insights for Next Week Trading DecisionWelcome back, everyone! XAU/USD dipped on Friday, falling to the $2,635 zone as market sentiment shifts in the new year. Federal Reserve's Tom Barkin noted lower interest rates in 2024, easing inflation and unemployment, which could ease pressure on the US Dollar—potentially supporting gold prices. With a busy week of high-impact events, the gold market is at a critical juncture. In this video, I discuss key technical levels and fundamental factors shaping the market, along with actionable trading ideas for the upcoming week. #XAUUSD #GoldMarket #FedRates #TrumpTariffs #TradingStrategy Disclaimer Notice: Trading in the foreign exchange market and other instruments carries a high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
SAXO:XAUUSD
by darcsherry
4
Euro vs. Dollar: A Wild Ride to 1.06 or a Slide to 1.00? Evening Trading Family The Euro and Dollar are in for a big adventure! If the Euro can jump over the big wall at 1.04, we might see it zoom up to 1.06, like scoring a high jump in track and field! But be careful, if it falls under 1.03, it's like tripping and tumbling down to 1.02 or even 1.00. After that, there might be a small bounce back up, but be ready because the Dollar could push it down again, like a game of tug-of-war where the Dollar's team is strong. It's going to be a thrilling ride! If you found this post helpful like, boost and share I greatly appreciate it Kris/Mindbloome Exchange Trade What You See
by Mindbloome-Trading