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Retracement

The weekly on btcusd.This was an anonymous week where the classic capture of margins was witnessed on derivatives, if you go and look at the 1h timeframe, you will notice the "Bart" a new name for a fractal that often occurs on cryptocurrencies, which in any case has no value and is only a grammatical "flourishment", for now. The important thing is that the price has not broken the low, so the intermediate-term bullish trend remains for now, even if the price has been catching its breath for a while, surpassing previous retracements in bull markets. The only analogous and similar period given that it occurred after a halving, is the period between June and August 2016, culminating with a hack suffered by bitfinex, which was then patched up in some way. Today there are many hacks linked to exchanges, also because the latter have increased in number, but they no longer have the same impact as before. Today the bitcoiner has become a worse hypocrite than he seems, today we are waiting for the Fed data, today we look at what the large capital management funds are doing, so if we are dealing with these movements, it is because the professionals know how screw you. I can only recommend following the long-term trend, i.e. the underlying one, and staying away from financial levers linked to cryptocurrencies, or in any case if you use them, look for instruments that have a clearing house that establishes the validity of that exchange, not it is 100% safe but at least you don't risk losing capital in a margin call due to the dump of a meme coin taken with leverage greater than 10.
BITFINEX:BTCUSD
by Melupira89
NZDCAD | Short H4 | Market Exec | Pure Retracement PlayTechnical Confluences for Trade: - Stochastics are in Overbought Conditions on H4 and H1 time-frame. D1 is also entering Overbought Conditions. - Price action is close to last month's Resistance Trendline - Price action is in a consolidation zone - Targeting the 61.8% Fibo retracement Suggested Trade: Entry @ Area of Interest 0.8210 - 0.8230 SL @ 0.8244 TP 1 @ 0.8184 (Close Half-Position & move SL to Entry level once TP1 is achieved) TP 2 @ 0.8151 Risk-to-Reward @ Approx. 2.04 (Depending on Entry Level) ________________________________ Boosts 🚀, Follows ✌️, Shares 🙌 & Comments ✍️ are much appreciated! If you have any ideas or charts, do share them in the 'Comments' section below and we can discuss our perspectives to improve or strengthen our strategies. If you want something analyzed, do drop me a DM. :D ________________________________ Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. Any websites / brokers / applications suggested here are also provided as informational purpose only. ________________________________
Short
by weekendanalyst
Last Leg To The Finish Line - UCHFHere I have USD/CHF on the Daily Chart! Now we've been following USD/CHF since it created its NEW LOW back in Dec. '23. This LOW I believe sparked the beginning of an Elliot Wave and currently we are looking at what seems to be a possible LAST LEG of this Impulse Move! Price has currently created a HIGHER HIGH @ .90721, so we will be looking for Price to either: 1) Finish its BULLISH run to the Fib-Ext Ranged Target @ ( .91572 - .93426 ) -OR- 2) Look to make another Retracement to the ( .88726 - .88418 ) B/C Zone for another Potential Entry to surf the Wave the rest of the Way! *RSI is showing we are currently Over-Bought, so this leads me to believe we could see price descend to our Zone. Fundamentally- -The BIG contributor to this scenario is with the SNB being the FIRST this year to cut their Interest Rates making the CHF look less attractive to investors & The FED holding rates gives the USD a Leg UP! *Forecasters for Next Weeks News (Apr. 1 - Apr. 5) are leaning towards Bullish Outcomes so that could help feed the Bullish Mindset of traders for USD to start the new month off but ANYTHING can happen so BE MINDFUL OF NEWS!!
Editors' picks
Long
by Novi_Fibonacci
35
Why Bitcoin's Halving Won't Save You if the Economy Goes Down As we navigate through an increasingly volatile economic landscape, similarities between the current market behavior and the period preceding the COVID-19 market crash have begun to surface, particularly concerning Bitcoin ( INDEX:BTCUSD ). This analysis delves into these parallels and discusses why the upcoming Bitcoin halving might not be the safety net investors hope for if a major economic downturn occurs. Historical Insights: The 2020 Pre-Halving Crash Back in early 2020, just before Bitcoin's much-anticipated halving, the cryptocurrency market experienced one of its most drastic crashes. Bitcoin's value plummeted by 41% in a single day, underscoring the rapid sentiment shift among investors from greed to fear. Notably, our Trend Model had signaled an exit from the market two weeks prior to this crash, prompted not by foreknowledge of the pandemic but by bearish behaviour on Bitcoin. At the time, the Crypto Fear and Greed Index was at a mere 39 out of 100, highlighting a market driven by fear— suggesting an oversold market. Current Market Conditions and Sentiment Fast forward to today, the echoes of the past resonate as the same indices and models show similar ominous signs. With geopolitical tensions escalating and the risk of major conflicts looming, our Trend Model recently signalled another exit. Interestingly, the current market sentiment, with a Fear and Greed Index score of 72, indicates a stark contrast: traders remain optimistic despite the negative price trends—a risky disconnect that could precede significant market corrections. Major market influencers continue to advocate bullish perspectives, with some viewing market dips as buying opportunities and others speculating about market manipulations linked to new ETF launches in Hong Kong. The general consensus among these influencers is that the impending halving will bolster Bitcoin prices. However, a closer look at historical data and market behavior suggests otherwise. The Halving: A Misunderstood Phenomenon The halving certainly impacts Bitcoin by reducing the reward for mining new blocks, theoretically increasing scarcity. However, the effect is neither immediate nor strong enough to counteract significant market downturns. After the 2020 halving, Bitcoin prices didn’t soar; instead, they entered a prolonged period of stagnation lasting 72 days. This historical precedent illustrates that halving does not inherently create upward price pressure but rather contributes to a slow, often muted, impact on the market. Technical Analysis and Future Predictions Applying Fibonacci Retracement to the current weekly Bitcoin charts suggests potential price corrections with levels possibly dipping between $38,000 and $45,000. Further analysis through the Limited Growth Stock-to-Flow (S2F) model indicates that Bitcoin is currently overbought. A retracement to $45,000 would align with this model’s estimation of Bitcoin's fair value. Conclusion: Navigating Uncertainty with Data While the hope for a market recovery persists, relying on the halving to safeguard Bitcoin investments in a turbulent economy is misguided. Our historical data and trend analysis underline the importance of cautious and informed trading strategies. Just as our model successfully predicted exits before major market crashes, including the COVID-19 downturn, Luna crash, and FTX collapse, it continues to guide us through these uncertain times. Investors would do well to remember that external factors such as geopolitical developments or economic crises can dwarf the effects of the halving, leading to sharp price declines. In this context, understanding and respecting the data’s warning signs is crucial for navigating the markets effectively, ensuring that decisions are based on insight rather than optimism.
INDEX:BTCUSD
by AlgoAlpha
4
An unimaginable short from the depths of analysisHello Traders ;] As I examined the GBP/USD pair, it appears we're in a prime position for a short trading strategy. The pair has retraced into the 0.79-0.61 zone, a classic area that often signifies a natural correction within a trend. Such retracements can offer strategic entry points for traders looking to capitalize on potential reversals. Furthermore, a glance at the volume profile over the entirety of the visible price movement indicates that we've reached the Value Area High (VAH). This point in the volume profile is particularly telling; it's where the majority of trading activity has taken place, acting as a barrier of sorts—a 'strong wall'—which the price may struggle to break through. Consequently, this serves as a strong indication that the pair may recoil from this level. In setting up this trade, placing a stop loss just above the VAH would be a prudent measure, limiting exposure should the market move contrary to our expectations. For the profit target, we look to the opposite end of the volume profile, the bottom. This analysis not only aligns with the technical indicators, but also with the principle of selling into strength within a downtrend—a strategy often favored by seasoned traders looking to join the broader market momentum. Good luck strugglers!
Short
by Vezzeris
Correction Wave Incoming! - GUHere I have GBP/USD on the Daily Chart! After our New High since August 2023 @ 1.28938 , we've seen Price decline quite drastically! In fact, we were given a NEW LOWER LOW on Tuesday @ 1.24052! Now with this Low having been created after our Lower High @ 1.2708 (Point B), this Price Action breaking our previous Low @ 1.25394 CONFIRMS my prediction that we could be looking at a Correction Wave!! -Will our Support Zone turn RESISTANCE?!? I will be looking for Price to make a Retracement to our Fibonacci Levels in our Support Zone for a SELL ENTRY @ ( 1.25241 - 1.25394 ) Range Target @ ( 1.21346 - 1.19992 ) SL @ 1.25932 *Levels Subject To Change* Fundamentally for the remainder of the week, GBP - Retail Sales (Fri) USD - Unemployment Claims/Philly Manufacturing Index/Existing Home Sales (Thur) *Next Week we will be getting PMI numbers so WATCH FOR NEWS!!
Short
by Novi_Fibonacci
2
NAS100 Retracement Post Reversal 26.04.2024U.S. indices could correct today after the reversal to the upside yesterday. Currently in intraday consolidation. Opportunity on NASDAQ in this chart using the Fibo tool. 17,620 USD must break first, signalling a drop. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350).
PEPPERSTONE:NAS100Short
by Stuart_Cowell
US30 Retracement 27.03.2024The index moved to the downside rapidly since the 22nd March and a consolidation phase took place for while. It is possible that the index will retrace to 61.8 fibo level. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350).
BLACKBULL:US30Long
by Stuart_Cowell
BTC broke new highs, but what next?Since Feburary 2024, BTCUSD has surged to reach an all-time high of 74,000. However, after reaching the level, the cryptocurrency has reversed by 18%, down to 61,000. If the price breaks below the 38.2% Fibonacci retracement level, anticipate downside to the 61.8% retracement level. However, if that happens, the 52,000 level could be a good support level for the BTCUSD to rebound. Base on a similar scenario in 2021... BTCUSD broke new highs (64,750) before reversing lower Reached 61.8% retracement level before rebound Created higher high of (68,900)
BITSTAMP:BTCUSD
by JinDao_Tai
Bitcoin's Retracement: Back down to the 50k~60k rangeBitcoin is currently in a retracement move, making many nervous, but there is nothing to worry about. This pullback, while notable, is not unprecedented in BTC's storied history. However, it sets the stage for a potentially massive pump following the upcoming halving event, thanks in part to the burgeoning presence of Exchange-Traded Funds (ETFs) by Blackrock and the like. The Retracement: A Brief Overview Bitcoin's latest retracement could see a retracement as low as $51,968 and as high as $59,000, reminding us all about Bitcoin's notorious volatility. Such corrections are not unusual in the lead-up to Bitcoin's halving events—periodic occurrences that halve the reward for mining new blocks, effectively reducing the new supply of Bitcoin by half. Historically, these retracements have been precursors to significant price rallies, as the reduced supply tends to lead to increased demand among investors. The Halving: A Catalyst for Growth The next Bitcoin halving is poised to occur on approx 18th of April 2024. In fact, for the first time in Bitcoin's history, has the ATH (All Time High) been broken BEFORE the halving, which suggests a strong preparation for a massive imminent pump. The logic is straightforward: as the reward for mining new bitcoins decreases, the scarcity of the asset increases, which can lead to a rise in price if demand remains constant or increases. ETFs: The New Players in Town Adding a new layer of potential to the post-halving landscape are the Exchange-Traded Funds (ETFs) focused on cryptocurrency. ETFs have opened the doors for a broader range of investors to enter the Bitcoin market, offering a regulated and potentially less volatile means of investment. The introduction of Bitcoin ETFs has been met with enthusiasm, as they provide a bridge for traditional investors to gain exposure to Bitcoin without the complexities of direct cryptocurrency ownership. The presence of ETFs is significant for several reasons. First, they signal a growing acceptance of Bitcoin within the traditional financial ecosystem. Second, they increase the liquidity of Bitcoin, making it easier to buy and sell large amounts without significantly impacting the market price. Finally, and perhaps most importantly, ETFs could attract institutional investors who have been on the sidelines, waiting for a more familiar and regulated entry point into the cryptocurrency market. Looking Ahead: A Massive Pump on the Horizon? The combination of the upcoming halving event and the increasing integration of Bitcoin ETFs presents a compelling case for a potential massive pump in Bitcoin's price. While the cryptocurrency market is notoriously difficult to predict, the historical impact of halving events, coupled with the fresh influx of interest and investment via ETFs, suggests that we could be on the cusp of the biggest bullish market Bitcoin has ever seen in its entire history.
Long
by Market-Pip-Factory
1