Bitcoin Contracting before ExplodingBTCUSD has seen a solid rebound off a crucial support level, successfully capturing liquidity at the previous month's low. Over the past week, the daily chart displayed choppy price action, leading to a period of consolidation within a tight range. Notably, the weekly timeframe has formed an inside bar pattern, signalling potential indecision among traders. A break and close above 63,000 could provide a strong bullish signal, potentially driving the market toward the next resistance level at 73,000. The upward momentum could persist, especially if the market rejects the prior week's low. On the 1H timeframe, a classic triangle pattern is unfolding, suggesting the price may continue oscillating within this structure before making a decisive move. The target is the resistance zone at 63,400
Retest
XAUUSD potential further push towards the 2550XAUUSD surged to a fresh all-time high on Friday, pushing past previous resistance levels. The price hit 2,508 and closed with a strong bullish candle, indicating the ongoing upward trend. This robust momentum suggests that further gains are likely in the coming week.
On the two-week chart, there’s a decisive break and close above the July high, hinting at an extension toward the 2,550 resistance zone, especially since the inside bar formation has been triggered. On the daily timeframe, the market also broke and closed above a triangle pattern, a textbook signal for trend continuation. The price action seems to be developing an AB = CD pattern, with the D point projected around the 2,550 level
BTC - Price is still retesting#BTC/USDT #Analysis
Description
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+ It's fascinating to observe that this retest remains in progress, consistently holding up as a support level over an extended period. This resilience suggests a strong underlying foundation, even as market conditions fluctuate.
+ As the downtrend continues to unfold, it indicates that future retest attempts may push to even lower price levels while still maintaining their effectiveness. This pattern underscores the importance of carefully monitoring these price movements, as they could provide valuable insights into market behavior.
+ The key element to focus on here is the continuation of the trend. For Bitcoin to reverse this downtrend, it must demonstrate robust buy-side volume during these retests. A strong influx of buying interest at these critical junctures could signal a potential shift in market sentiment, paving the way for a possible upward momentum.
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TURBO/USDT: LOOKS READY FOR AN ATH!!Hey everyone!
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TURBO looks good here. It breaks out from the descending triangle and a retest is also done to, make a double bottom-like structure. Buy some here and add more up to $0.0038
Target1:- $0.0047
Target2:- $0.0061
Target3:- $0.0073
Target4:- $0.0086
SL:- $0.0034
What are your thoughts on TURBO's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Be careful with BTC here..Even tho BTC is up 10% today I would'nt get my hopes all the way up just yet.
Something interesting is happening here.. History shows: every time 20 & 50MA line crossed the 200MA line to the downside in the past, BTC went into a full on bear market.
20 & 50 MA is still just above 200MA, but a cross to the downside could give confirmation we need for a bearish trend.
A good short opportunity in my opinion is therefore a trade with entry at the 200 day mooving average. Stop loss can be placed above 20 & 50 MA or above the decending channel top if you want to give the market more room..
It's a trade worth taking even tho we could break the ressistance and go into price discovery aswell.
A short term target would be a test of the support we had at 56 500 and a intra- day target would be at the low end of the channel at about 50-52k.
Make sure to follow me on X for more weekly updates: @PuppyNakamoto
Our wolf pack are hunting for profits, one block at a time..🐺
BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSD KRAKEN:BTCUSD BITFINEX:BTCUSD
STMX/USDT: POTENTIAL BULL FLAG! 50% PROFIT POTENTIAL SETUP!!Hey everyone!
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STMX looks good here for a long. It is forming a bull flag-like structure. It breaks out from this bull flag and currently, retesting it. Long some here
Targets:- $0.0094/$0.0108$0.0129
SL:- $0.008
Lev:- Use low leverage (2x-4x)
TURBO/USDT: LONG TRADE SETUP!!Hey everyone!
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TURBO looks good here for a long. It breaks out from an descending triangle pattern and is currently retesting. Long some here and add more in the dip.
Entry range:- $0.0055-$0.0057
Targets:- $0.0062/$0.0068/$0.0073/$0.0078
SL:- $0.0052
Lev:- Use low leverage (Max 5x)
AVAX/USDT: 70% PROFIT POTENTIAL TRADE SETUP!!Hey everyone!
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AVAX looks decent here. Breaking out from the falling wedge-like structure in the daily time frame and currently, retesting it. Also, holding 50MA support here very well. Buy some here and add more in the dip.
Entry range:- $27-$29
Targets:- $33/$38/$42/$48
SL:- $24.5
Lev:- 2x-4x
What are your thoughts on AVAX's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
DOGE: DO NOT MISS IT HERE!Hey everyone!
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DOGE looks good in the daily time frame. Breaks out from the bull flag-like pattern here and currently retesting the support trendline. Buy some here and add more in the dip.
Entry range:- $0.12-$0.13
Targets:- $0.173/$0.203/$0.274/$0.334
SL:- $0.1
What are your thoughts on DOGE's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
TURBO/USDT LOOKS READY FOR AN ATH!!Hey everyone!
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TURBO looks very good in the daily time frame. Breaking out from the descending triangle pattern and a retest is also done. Now, it looks ready for a big pump. Buy some here and add more in the dip.
Entry range:- $0.0036-$0.0042
Targets:- $0.00495/$0.0067/$0.0082/$0.0095
SL:- $0.0030
What are your thoughts on TURBO's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
#BTC: QUICK UPDATE!!Hey everyone!
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BTC is forming a bull flag-like pattern in 1hr time frame and it is holding an important trendline support so far. Currently, it is retesting the flag. If it maintains this retest level and bounces we can expect another upside movement up to the $68k level.
Target:- $68k
Invalidation:- 1hr close below the trendline.
What are your thoughts on BTC's current price action? Share your analysis in the comments below!
BOME/USDT LONG TRADE SETUP!!Hey everyone!
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BOME forming a descending channel pattern here. It has already broken out and is currently, retesting it. Long some here and add more in the dip.
Targets:- $0.0094/$0.0106/$0.0124
SL;- $0.079
Lev:- 3x-5x
What are your thoughts on BOME's current price action? Do you see a potential breakout? Share your analysis in the comments below!
BTC: RETESTING AFTER THE BREAKOUT!!Hey everyone!
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Welcome to this quick BTC update.
Bitcoin (BTC) is currently testing the support level of the symmetrical triangle it recently attempted to break out of.
Here's what we're watching:
Retest of Triangle: If BTC holds the support level of the triangle, it could indicate another attempt at a breakout.
$60k Resistance: A clean break and close above the GETTEX:59K -$60k resistance level would be a bullish signal, potentially leading to a price increase towards $62k.
Impact of CPI Data (Today):
The release of the Consumer Price Index (CPI) data today could influence market sentiment and potentially impact BTC's price.
Possible Scenarios:
A higher-than-expected CPI reading could indicate rising inflation and lead to a risk-off sentiment, potentially causing BTC's price to drop.
A lower-than-expected CPI reading could be seen as positive news, potentially boosting risk appetite and leading to a rise in BTC's price.
Looking Ahead:
The outcome of the retest and the CPI data release might favor bulls, and we might see a good pump up to the $62k level.
What are your thoughts on BTC's current price action? What are you watching from the CPI data? Share your analysis in the comments below!
SOL/USDT LONG SCALP SETUP!Hey everyone!
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SOL looks good here. Breaks out from the cup and handle pattern in 1hr time frame and is currently, retesting the neckline. Long some here and add more in the dip.
Entry range:- $142-$144
Targets:- $151/$158/$164/$168
SL:- $137.24
Lev:- Use low leverage (Max5x)
Meta Platforms - Flying under the radar...NASDAQ:META just rallied +500% without any correction and might create a top formation soon.
Sometimes the trading gods are sending us gifts from heaven. We received such a gift back in 2022 when Meta Platforms - out of nowhere - corrected -70% and perfectly retested the lower support of the reverse triangle formation. After the +500% rally from there, it is quite likely that we will see a short term retracement. But the overall trend is still clearly towards the upside!
Levels to watch: $530
Keep your long term vision,
Philip - BasicTrading
Alphabet - It is just a textbook company!NASDAQ:GOOGL has been one of the best performing stocks over the previous decade.
The most profitable stocks are the ones which trade under the radar. And Alphabet (Google) is definitely one of these stocks which is simply trending higher, providing textbook trading opportunities and not a "hype" stock. Slow and steady wins the race, but you have to be careful that you don't miss your chances. After a retest of the breakout level, you can enter a long trade.
Levels to watch: $150
Keep your long term vision,
Philip - BasicTrading
Did you buy HFCL?As published in the previous post,
HFCL did retest and is now trading at 12% higher than reco.
A safe zone to buy was 113 - 114.
I personally bought at 110.
TARGETS?
If you are a short term trader, looking for quick profit, consider closing partial quantity at CMP and rest at 127.
If you think you can hold it and you are fine with your capital invested here, your target is 140, 160, 220.
I will be holding, will buy on dips if it comes.
Happy Trading:)
DOT ANALYSIS🔮 #DOT Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #DOT and trying to retests the level. It's a 12hr time frame breakout and we will see more higher price in long-term. A successful retest of support could propel a rally 📈📈
💸Current Price -- $6.058
📈Target Price -- $9.051
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#DOT #Cryptocurrency #Breakout #DYOR