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BTC Correction Nearing Key Support – What’s Next?Bitcoin has been in a corrective phase over the past two days, retracing from recent highs and approaching critical support levels. Let’s break down the current market structure and identify potential trade opportunities based on confluences from multiple technical indicators. Key Support and Resistance Levels: 1. ) Golden Pocket Zone – $95,535 to $94,994 The 0.618 Fibonacci retracement is a widely recognised level where strong reactions often occur. This level aligns with a previous consolidation zone, making it a key demand area for potential long entries. A bounce from here could indicate that bulls are regaining strength. 2.) Deeper Support – 0.786 Fib, Monthly Order Block, and Yearly Open (~$93,576) If the golden pocket fails, the next key area of interest is around $93,576. Here, we see confluence with: The 0.786 Fibonacci retracement, often the last strong retracement before a reversal. A monthly order block, which has previously acted as a strong support area. The yearly open, a crucial psychological and technical level that often holds significance throughout the year. 3.) Next Major Support if Yearly Open Fails – $88,000 to $86,000 (Swing Low & Weekly Support Zone) If price drops below the yearly open with confirmation of bearish momentum, I would look for the next buying opportunity at the swing low or weekly support zone, highlighted in the yellow box around $88,000 to $86,000. This area holds strong confluence as a higher timeframe support level, making it an attractive zone for potential accumulation. 4.) Resistance Levels – Open Price and Psychological Barrier at $100K $97,700 – This is the weekly open resistance level. If BTC struggles to reclaim this level, it could indicate further downside. $100K – A major psychological resistance where sellers could step in. Breaking and holding above this level would be a strong bullish signal. Trade Setups Based on Current Structure: 1.) Long Trade Setup – Golden Pocket Zone ($95,535 - $94,994) Entry: Between $95,535 and $94,994 (Golden Pocket Zone) Stop Loss: Below $93,500 to protect against further downside Take Profit 1: $97,700 (weekly open resistance) Take Profit 2: $100K (psychological resistance) 2.) Deeper Long Setup – If 0.618 Fib Fails ($93,576 - Yearly Open Zone) Entry: Around $93,576 (0.786 Fib + Monthly Order Block + Yearly Open) Stop Loss: Below $92,000 Take Profit 1: $97,700 Take Profit 2: $100K 3.) Alternative Long Setup – If Yearly Open Breaks ( FWB:88K - $86K Zone) Entry: Around $88,000 to $86,000 (Weekly Support Zone) Stop Loss: Below $85,000 Take Profit 1: $93,500 (yearly open retest) Take Profit 2: $100K Final Thoughts: Bitcoin’s current structure suggests a healthy correction within a larger uptrend. The golden pocket ($95,535 - $94,994) remains a key level for potential long entries, while a failure to hold here could see price testing the $93,576 region. However, if price drops below the yearly open and confirms bearish momentum, the next major buying opportunity lies at the Swing Low or Weekly Support Zone at $88,000 - $86,000. New Free Indicator – Multi Timeframe 8x MA Support Resistance Zones I’ve just released a free indicator called Multi Timeframe 8x MA Support Resistance Zones, which is now live and ready to use! This indicator provides dynamic support and resistance zones based on multiple moving averages across different timeframes, helping you identify key areas for potential trade setups with better precision. Feel free to check it out, give it a try, and let me know your feedback! 🚀
Long
by SiDec
Will the GBPUSD pair continue its bullish recovery?News: 🔆GBP/USD rose 0.6% on Tuesday as tariff concerns eased. 🔆President Trump’s trade war rhetoric is easing. 🔆The tariffs, which were originally set to take effect on Tuesday, have been postponed for another 30 days. This is the third time in a row that President Trump has backed off his threat, after securing significant concessions from other countries Personal view: 🔆GBP/USD has recovered to the 1.248 – 1.250 resistance zone and is expected to trade in this range as it awaits further direction from the US ADP Non-Farm Payrolls data and the Bank of England’s interest rate decision. 🔆The Bank of England (BoE) is widely expected to announce a 0.25% interest rate cut on Thursday. The move could weaken the Pound against the US Dollar, which remains on a strong trend against other currencies. Plan: SELL GBPUSD zone: 1.2480 – 1.2500 ❌SL 1.2550 ✅TP: 1.2420 – 1.2380 – 1.2300
Short
by FM-ForexMastermind
1
Alphabet (GOOGL) Analysis – Potential Downside RisksAlphabet is currently trading at $205. While it could still move higher, several factors might drive the price lower soon: Extended Distance from 55 EMA: The stock hasn’t touched the 55-day EMA for 147 days. While this doesn’t mean a pullback will happen immediately, a sharper downside move is possible. Bearish Divergence: The RSI has formed a lower high, while the price has made a higher high, signaling a potential bearish divergence. Fundamental Risks – AI & Earnings: Earnings Report on Tuesday: Alphabet will report its earnings, and investors will focus on its high AI-related expenditures. Revenue Growth Concerns: The company may have experienced slower revenue growth in Q4 due to weakness in advertising and cloud services. Competitive Pressure in AI: Chinese startup DeepSeek recently launched low-cost AI models, raising concerns over a potential AI price war, which could impact Alphabet’s profitability. While Alphabet remains strong, combining technical weakness and fundamental risks (earnings pressure, AI spending, and increased competition) could lead to a correction. If a pullback occurs, the 55 EMA could act as a key support level. 92% of positions are long. We all know the old saying—most people lose in trading. So if 92% of the market is long, we should at least be short for the moment. This extreme bullish positioning suggests a potential contrarian opportunity, as overly crowded trades often lead to sharp reversals.
NASDAQ:GOOGLShort
by BOT721
What will be the next trend of EUR/USD ?🔆The EUR/USD pair is being influenced by a number of economic and political factors, leading to significant volatility in recent times. 🔆 Technical Analysis: The EUR/USD pair is currently in an uptrend, with the price trading above both the 34 EMA and the 89 EMA, suggesting a bullish bias in the short term. The next resistance level is identified at 1.0530 as the 1.618 Fibonacci line intersects the resistance zone; if the price reaches this level, a corrective rally is expected. 🔆 Fundamental Analysis: A trade war between the US and Europe could push the euro to parity with the US dollar. New tariffs from the US could further weaken the eurozone economy, putting downward pressure on the euro. The US dollar is expected to maintain its strength against the euro as the US Federal Reserve (Fed) may cut interest rates more gradually than expected as President Trump's policies may increase inflation. 🔆 Conclusion: The trend of the EUR/USD pair in the coming period will depend on the developments of the above economic and political factors. Forecast Traders should closely monitor key support and resistance levels, along with macroeconomic information and monetary policies from both sides to make appropriate trading decisions. Thank you for reading my comment: "FM"
Short
by FM-ForexMastermind
AAVEUSDT Breakdown Imminent ? Bearish Setup AAVE/USDT perpetual contract on the 2-hour timeframe presents a descending channel formation in the. The price has been respecting the upper and lower trendlines, showing multiple rejections at both levels. Currently, the price is testing the lower boundary of the channel, and a breakdown could trigger further downside momentum. The short setup suggests a bearish continuation if the price breaks below the lower trendline. The entry point is positioned around the 264.57 level, with a stop-loss placed above the recent swing high to manage risk. The take-profit zone is projected toward 221.84, aligning with the next significant support level. Key factors to consider The price is forming lower highs and lower lows, confirming the downtrend structure. The red zone represents the stop-loss area, ensuring risk management in case of reversal. The blue zone marks the potential profit-taking region, which aligns with a strong demand zone. If a breakdown occurs with strong bearish volume, it could accelerate the move toward the target zone. A potential retest of the broken support level could offer additional confirmation before further downside. Traders should monitor volume and market sentiment before entering the trade, ensuring that bearish momentum supports the continuation of the trend.
Short
by wolfchemist
1
Solana Breaks Key Support Level – Is a Short Opportunity Ahead.?Solana has recently breached its previous support level of $221, signaling a potential shift in market dynamics. Given the technical analysis indicators, there may be an opportunity to initiate a short trade upon the price retesting this level, which could serve as a new resistance point. However, traders should exercise caution in their approach, particularly in light of the ongoing trade tensions involving the United States, Canada, China, and Mexico. These geopolitical factors could introduce volatility and impact market sentiment significantly, making it essential to implement risk management strategies when executing trades.
by Kartik_Elkunchwar
EURGBP - Bearish ReversalHello traders EURGBP has been slowly grinding up since 9 January with there being a trendline holding this slight uptrend. But it broke out of the trendline last week and it retested it. The ideal entry would have been on the retest but let's hope this 4H fvg gets filled then price goes down. Furthermore, the rsi has been making lower lows while price was making higher highs showing bearishness. Add to this that this setup is forming on a daily resistance zone as per the chart.
Short
by The_Worldy
Bearish trends in the days ahead. Hello, To all my folks who are trading forex. Right now everything has been going crazy with all the news across the world. One thing can be sure is the USD is reigning supreme. With a guy sitting at the big White House in DC. Be rest assured he wants to be first at everything. He wants US first in everything. It’s only a matter of time before things start to reflect certain aspects of that. Especially the USD. So let’s take a look at what the EUR has been doing for a while! What it has been doing for a long time is falling. Things will continue to be that way. If we extend the times on the chart to 4hrs, day, week and even month. You can see that things are looking to trace back to low’s that haven’t been hit in years. Of course, things will always have to retrace, you will have your support and resistance levels. That’s a gimme. It’s what we do at those levels is what will define these future trades. At this time. It’s time to throw the towel in and admit. We are in a EUR/USD downtrend for a long time to come. As always, research your entries, confirm your strengths and look for opportunities to trade smarter. If you enjoy this publish idea, please follow and boost this up. - Thank you
Short
by TradeswithB
WHEAT – Signs of Weakness, Could a Short Be Next?PEPPERSTONE:WHEAT is within a clear resistance zone that has times before led to bearish reversals. In any case, this zone marked by previous price rejections, could once again attract selling pressure. If bearish confirmation occurs—through rejection wicks, bearish engulfing candles, or a decrease in buying volume—we could see a decline toward the 544,00 level. However, I’ll be watching for strong support reactions or signs of exhaustion before confirming the next move. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management! What’s your take on the potential trend of this chart? I’d love to hear your perspective in the comments. Best of luck , TrendDiva
PEPPERSTONE:WHEATShort
by TrendDiva
BTCUSDT Short Swing trade.Hello everyone, i want to share my price prediction at Bitcoin. The week started with strong sell which activated buyers but i think buyers is not more strong, price tested well 2h FVG and Fibonacci Strong sell zone after New York session open. Price is into consolidation, and if we look higher timeframe Bitcoin losing buyers with my strategy here is my short position setup. Open Short position at - 102500 Stop Loss at - 104500 Take profit - i will follow trend if i will be right. Always manage your risk!!! don't risk more than 2.6% of your balance in this trade.
Short
by elmakacho
MicroStrategy’s Make or Break MomentThe chart shows a breakdown from a descending wedge pattern, followed by a retest of the broken support turned resistance. A short position has been placed, anticipating further downside. The price is currently testing the retest zone, and rejection from this level could confirm continuation to the downside. The stop-loss is strategically placed above 455.10, beyond a key resistance level, to minimize risk in case of a failed breakdown. The take-profit target is set near 224.56, aligning with a significant demand zone. The current price of 335.94 indicates minor volatility, but the structure suggests a potential bearish continuation if the price fails to reclaim the resistance zone. If the breakdown holds, the next move could accelerate towards lower levels, making this a crucial moment for price confirmation. A reclaim of the resistance zone could invalidate the setup and trigger a short squeeze. The market’s reaction at this level will determine the next directional move.
NASDAQ:MSTRShort
by wolfchemist
SCALPING ! GOLD ! Gold sideways - selling pressure pushes price ⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: US President Donald Trump directed his administration to implement emergency 25% tariffs on Colombian imports. However, the tariffs were paused after Colombia agreed to fully accept all illegal migrants returned from the US. On Tuesday, Trump announced plans to impose tariffs on pharmaceutical and computer chip manufacturers, along with upcoming measures targeting aluminum and copper industries, with potential consideration for steel and other sectors. These actions reignited concerns over Trump's protectionist policies, raising fears of inflation. As a result, the yield on the 10-year US Treasury bond rebounded from a one-month low, strengthening the US Dollar and pressuring Gold prices. ⭐️Personal comments NOVA: Price is currently sideways - sellers have more advantage. Wait for SIDEWAY price zone, entry SELL 2745 ⭐️SET UP GOLD PRICE: 🔥 SELL GOLD zone: $2744 - $2746 SL $2749 TP1: $2740 TP2: $2735 TP3: $2730 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
2
GBPAUD Bullish Trend IS OVER ?!Why GBPAUD Faces a Correction After a Massive Uptrend and What Lies Ahead The financial markets are rarely a straight line. After a stunning rally of more than 3000 pips, the GBPAUD (British Pound to Australian Dollar) currency pair has entered a corrective phase, marked by a significant downturn and the breaking of a long-term uptrend line. For traders and investors alike, this shift invites analysis of the key factors driving the correction and the potential for further downside movement. Let’s dive into the reasons behind the decline and what it signals for the future. 1. Exhaustion of the Uptrend One of the most common reasons for a correction following a sharp uptrend is market exhaustion. Over a prolonged rally, the pair appreciated significantly, fueled by a mix of favorable economic data, central bank policies, and investor sentiment. However, as prices reach extended levels, buyers may hesitate to continue pushing the price higher, leading to reduced demand. The psychological level of "overbought" conditions often comes into play. Many traders rely on technical indicators such as the Relative Strength Index (RSI) or Bollinger Bands to assess whether an asset is overbought, and GBPAUD likely hit these conditions during its massive 3000-pip surge. This naturally invites profit-taking, further pressuring the pair downward. 2. Breaking the Uptrend Line: A Key Technical Signal One of the most significant developments in the current market is the breaking of the uptrend line that supported GBPAUD's bullish momentum. Trendlines are crucial tools for identifying market sentiment, as they serve as psychological levels where traders expect price reversals. The break of this uptrend line not only signals the loss of bullish control but also shifts market sentiment decisively toward the bears. When a major support level or trendline is breached, it often triggers stop-loss orders, increasing selling pressure. Additionally, breakout traders—those who enter positions in the direction of the break—may amplify the downward momentum. 3. Fundamental Drivers Favoring the Australian Dollar Another factor contributing to GBPAUD's correction is the fundamental shift in economic conditions that have bolstered the Australian Dollar (AUD). Several key factors support the Aussie: China's Economic Recovery: Australia’s economy is heavily tied to China's demand for commodities. Recent signs of recovery in China or increased stimulus measures could boost demand for Australian exports, strengthening the AUD. Reserve Bank of Australia (RBA) Policy: If the RBA adopts a hawkish tone or maintains a steady interest rate policy, it could provide further support for the AUD, making it more attractive compared to the British Pound. 4. Technical Corrections Are Natural Corrections are a natural part of market movements, even in a strong uptrend. After an extended rally, the market often retraces to establish new support levels or consolidate before deciding on the next direction. This is part of the ebb and flow of financial markets, driven by human psychology and technical patterns. The current correction in GBPAUD appears to be a technical adjustment, with the pair retracing some of its gains to test key support levels. Traders often watch Fibonacci retracement levels to identify potential areas of reversal, with 38.2%, 50%, and 61.8% levels being particularly significant. 5. What’s Next for GBPAUD? The break of the uptrend line opens the door for further downside movement. Here are key factors to watch: Support Levels: If the pair continues to fall, traders will look for strong support zones to halt the decline. Key levels may include previous resistance-turned-support zones or psychological round numbers. Momentum Indicators: Indicators like MACD, RSI, and Stochastic Oscillator can provide clues about whether the downward momentum is likely to continue or if the pair is entering oversold territory. Fundamental Catalysts: Upcoming economic data releases, central bank decisions, or geopolitical events could shift the balance in either direction. While the correction is underway, it’s crucial to recognize that the broader trend for GBPAUD could still remain bullish in the long term, depending on how economic conditions evolve. However, for now, the break of the uptrend line suggests that bears have gained control, and the potential for a more significant downtrend looms. Weakened GBP Sentiment: On the other side, the British Pound may be weighed down by concerns about the UK economy, such as sluggish growth, inflationary pressures, or Brexit-related uncertainty. A dovish stance from the Bank of England (BoE) could further tilt the balance against the Pound. Conclusion The correction in GBPAUD is a textbook case of market dynamics at play. After an extraordinary rally of over 3000 pips, the pair's breach of the long-term uptrend line signals a shift in sentiment and suggests that further downside may follow. Traders and investors must now assess both technical and fundamental factors to navigate this changing environment. Whether this correction is a temporary pause in a larger bull market or the start of a prolonged downtrend remains to be seen. For now, cautious optimism for the AUD and weakened sentiment for the GBP are tilting the balance in favor of a continued correction. Staying informed and adaptable will be key to capitalizing on the next move in GBPAUD.
Short
by alexgrama
1
SOL Trade Setups: Key Levels to Watch for Big Moves!Solana has been on an impressive run, hitting a new all-time high (ATH) at $295. The previous ATH from 2021 at $260, along with the recent swing high of $264.63 (December 2024), are now acting as key resistance levels. Bulls are struggling to break above the $260 range and we’re seeing some bearish control as SOL trades below the weekly open, never a great sign for upward momentum. Short Trade Setup It’s looking like SOL could be in an ABC pattern, working on wave C. Here’s a potential short trade setup: Entry: Around $260 if price revisits that zone. Stop Loss: Above $270. Take Profit: $220, where strong support lies. R:R Ratio: About 3:1. If you’re already short, congrats! If not, $260 could be your next chance to jump in. Support Zone and Long Setup There’s plenty of support stacking up between $220 and $217, making it a great zone to consider for a long position: Point of Control (POC): At $218.50, from the November-January range Fib Levels: The 0.786 trend-based Fib extension is at $220.23 The 0.618 retracement (low of $169 to high of $295) is at $217.27 EMAs: The 200 and 233 EMAs on the 4H chart line up nicely with the $217 level Channel Support: The median line from $264 to $169 also lands around $217 Long Setup Plan Entry: Ladder longs between $220 and $217 Stop Loss: Below $217, maybe around $214 Take Profit 1: $239 for a mid-range bounce Take Profit 2: Move your SL to entry and let the rest ride for bigger gains Patience is Key Whether you’re waiting for $260 to short or $220 to long, the setups are there, now it’s about watching the levels and being patient. Both trades offer solid risk-to-reward ratios, so no need to rush in. Stay ready and let’s see how this plays out!
COINBASE:SOLUSDShort
by SiDec
4