btc . wednesday . may . w3yesterday
. no LONG - only at bigger retracement - didnt come
. no SHORT - as 10pm (UTC+2) has recently been a little unpredictable
today - wednesday - LIQUIDITY + VOLATILITY ?!
. no SHORT - as we are nowhere price opportunity wise + BULLISH outlook
. yes COMPOUND LONG . I had wanted to see the drop towards 2pm (UTC+2) - run yesterdays NewYork low and push up . didnt happen, but as I was waiting for the level, I had limit orders prepared of which 4 triggered during LondonSession
. additional little compound now prepared at 103622 - LPOC + VWAP
- bullish continuation . price is consolidating and momentum of this week is turning to the upside
- bearish continuation . see a rejection here at dOpen + wOpen . have price loose its cwLow . catch everyone of guard (unlikely by the outlook, but neverless)
Trading
Is gold about to break $3200 support?Gold has been trending lower amid growing risk appetite with stocks surging higher.
With no big bearish catalyst in sight for stocks, the market mood is optimistic and that means the pressure on gold is growing for a drop. The big macro driver has been a thaw in US-China trade tensions. With tariff rollbacks on both sides and negotiations showing real progress, investors are getting more comfortable. What’s more, Tuesday’s softer-than-expected US inflation print added fuel to the fire — calming nerves that Trump's trade tariffs would trigger a fresh inflation wave.
So, for now, sellers are in control of defensive plays like gold and yen, while the tech sector, especially chipmakers, is the main beneficiary.
Gold could potentially break THIS key support area around $3200 after making lower highs and lower lows on the intra-day charts. While the long-term trend is still bullish, I wouldn't be surprised if the bearish momentum continued for a few more days.
The first downside target is at 3136, followed by 3073 and then - the big level - 3,000. Could we see a drop to these levels in the coming days?
By Fawad Razaqzada, market analyst with FOREX.com
Technical Analysis of Bitcoin (BTC/USD) ON BINANCE + TRADE PLANTechnical Analysis of Bitcoin (BTC/USD)
Market Trend and Chart Structure:
The price of Bitcoin is in a consolidation phase as shown in the descending channel pattern formed by the resistance and support lines.
The market is moving within this range, but there is a strong possibility of a breakout to the upside based on the bullish divergence forming on the indicators and the overall market sentiment.
The chart also shows Bollinger Bands (BB), which are in a squeeze, signaling a potential breakout. Typically, this indicates that volatility is low, and the price could move sharply in either direction once the bands break.
Key Indicators and Signals:
MACD: The MACD indicator is showing a bullish crossover, which indicates the possibility of a trend reversal to the upside.
RSI (Relative Strength Index): Currently at 45.78, indicating that the market is neither overbought nor oversold. This suggests that Bitcoin is in a neutral zone, but with bullish signals from other indicators, an upward move seems likely if momentum continues to build.
ArtY Money Flow Index: The Money Flow Index is showing green bars, suggesting that capital is flowing into Bitcoin, which supports the bullish outlook.
Stochastic RSI: The stochastic is in the oversold region (currently at 14.99), which usually signals a potential reversal to the upside.
Resistance and Support Levels:
Resistance: The primary resistance level is located at $105,705. A break above this level would indicate a strong upward move.
Support: The primary support level is around $101,600. If the price reaches this level and holds, it could act as a potential bounce point for a reversal.
Trading Strategy and Plan:
Entry Strategy:
Buy Entry: Enter a long position if the price breaks above the $104,700-$105,705 range, indicating a breakout above resistance. A confirmation from the MACD and RSI would add strength to this signal.
Stop Loss: Set a stop-loss order at $101,000, below the key support, to manage risk if the market reverses unexpectedly.
Target/Exit Strategy:
Take Profit Target: A good target is at the $110,000 level, where Bitcoin could face another resistance. A more aggressive target could be at $115,000, but this would require a continuation of the bullish momentum.
Trailing Stop: Use a trailing stop as Bitcoin continues to move upward to secure profits if the price continues to climb without retracing.
Risk Management:
Maintain a risk-to-reward ratio of at least 1:3, meaning you should aim for profits that are at least three times the amount of risk you take. This will ensure better risk management in case the market reverses unexpectedly.
Monitor the market sentiment closely. Bitcoin's price movements can be highly volatile, so being ready to adjust stop-loss and take-profit levels is essential for successful trading.
Bitcoin is showing positive signs of breaking to the upside, with support from key technical indicators such as bullish MACD crossovers, oversold stochastic levels, and a neutral RSI. It’s essential to monitor the breakout above the $104,700-$105,705 level, which could signal a strong upward move. However, traders should use proper risk management techniques, such as setting stop-loss orders and managing position sizes carefully.
Always stay updated with market news and adjust your strategy based on any significant news or changes in the overall market sentiment.
SILVER Is Going Up! Long!
Please, check our technical outlook for SILVER.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 3,288.0.
Considering the today's price action, probabilities will be high to see a movement to 3,451.9.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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USDJPY Will Fall! Sell!
Please, check our technical outlook for USDJPY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 147.944.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 146.291 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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USOIL BEARS ARE GAINING STRENGTH|SHORT
USOIL SIGNAL
Trade Direction: short
Entry Level: 63.61
Target Level: 55.26
Stop Loss: 69.15
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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EUR/AUD BUYERS WILL DOMINATE THE MARKET|LONG
EUR/AUD SIGNAL
Trade Direction: long
Entry Level: 1.729
Target Level: 1.801
Stop Loss: 1.681
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
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EUR/GBP BEST PLACE TO BUY FROM|LONG
Hello, Friends!
We are now examining the EUR/GBP pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.854 level.
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USD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
It makes sense for us to go short on USD/CHF right now from the resistance line above with the target of 0.820 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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NZD-CHF Free Signal! Sell!
Hello,Traders!
NZD-CHF hit a horizontal
Resistance of 0.5002 and
Its a strong supply area so
We will be expecting a local
Pullback, which means we
Can enter a short trade
With the Take Profit of 0.4950
And the Stop Loss of 0.5016
Sell!
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AUD_CAD FALLING RESISTANCE|SHORT|
✅AUD_CAD is trading along
The falling resistance
And as the pair will hit it soon
I am expecting the price to go down
To retest the demand levels
Below around 0.8987
SHORT🔥
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SPY BULLISH BREAKOUT|LONG|
✅SPY is trading in an
Uptrend and the index
Made a bullish breakout
Of the key horizontal level
Of 580.00$ and the breakout
Is confirmed so we will be
Expecting a further move up
LONG🚀
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OptionsMastery: Looking for a breakout on HOOD!🔉Sound on!🔉
📣Make sure to watch fullscreen!📣
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AUD-JPY Risky Short! Sell!
Hello,Traders!
AUD-JPY grew up fast
But then hit a horizontal
Resistance level of 95.750
From where we are already
Seeing a nice pullback
And we will be expecting
A further local move down
Sell!
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Gold Price Analysis May 13Candle D shows a strong selling force approaching the key support zone of 3200, if it breaks this zone, it will confirm the continuation of the strong downtrend
Gold is facing some selling force around 3265. There will be a lot of selling force waiting around 3270 and 3280. Today, you can watch for SELL around these two zones. If the breakout is confirmed towards 3317, you can implement SELL strategies.
On the contrary, the nearest support zone for the breakout that gold is aiming for is around 3243. 3222 and 3200 act as two stops for a prolonged slide in gold prices today. Remember that in the large frame, a downtrend wave is starting to form, so the downtrend of gold can fall very strongly.
ETHEREUM SWING SHORT|
✅ETHERUM went up by 76%
In just 3 weeks so the coin is
Overbought, therefore, despite
Or overall very bullish bias on
Crypto mid-term we will be
Expecting a local correction
From the wide horizontal
Resistance above around 2900$
SHORT🔥
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Nightly $SPY / $SPX Scenarios for May 14, 2025🔮 Nightly AMEX:SPY / SP:SPX Scenarios for May 14, 2025 🔮
🌍 Market-Moving News 🌍
🇺🇸 U.S.-China Tariff Reductions Implemented Today
The U.S. and China are set to enact significant tariff reductions today, lowering U.S. tariffs on Chinese goods from 145% to 30% and China's tariffs on U.S. goods from 125% to 10%. This 90-day agreement aims to ease trade tensions and has already spurred a market rally, with the S&P 500 gaining 3.3% on Monday.
📉 Inflation Hits Four-Year Low
U.S. inflation eased to 2.3% in April, marking a four-year low. This unexpected decline has alleviated concerns about the impact of recent tariffs and may influence the Federal Reserve's monetary policy decisions.
📈 S&P 500 Turns Positive for 2025
The S&P 500 has erased its year-to-date losses, turning positive for 2025. This shift is attributed to easing inflation and the recent U.S.-China trade agreement, which have bolstered investor confidence.
💼 Nasdaq to List New ETFs
The Nasdaq Stock Market will begin listing three new Russell Investments ETFs today, expanding investment options for market participants.
📊 Key Data Releases 📊
📅 Wednesday, May 14:
5:15 AM ET: Speech by Fed Governor Christopher Waller
10:00 AM ET: Business Formation Statistics for April
⚠️ Disclaimer:
This information is for educational and informational purposes only and should not be construed as financial advice. Always consult a licensed financial advisor before making investment decisions.
📌 #trading #stockmarket #economy #news #trendtao #charting #technicalanalysis
GBP-AUD Will Grow! Buy!
Hello,Traders!
GBP-AUD made a retest
Of the horizontal support
Level of 2.0480 and we are
Already seeing a local bullish
Rebound so we are locally
Bullish biased and we will be
Expecting a further move up
Buy!
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AUD-NZD Correction Ahead! Sell!
Hello,Traders!
AUD-NZD is growing strongly
And the pair looks locally
Overbought so after it
Hits the horizontal resistance
Area around 1.0934 we will
Be expecting a local bearish
Correction and a move down
Sell!
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BTC Testing Red Resistance – Potential Breakout Ahead!🚀 CRYPTOCAP:BTC Testing Red Resistance – Potential Breakout Ahead! 📈
CRYPTOCAP:BTC is currently testing the red resistance zone. A potential breakout could be coming soon, and we might see a new all-time high (ATH)! 🔥
Let’s watch this breakout closely! 💼💸
GBP_CAD RESISTANCE AHEAD|SHORT|
✅GBP_CAD is going up now
But a strong resistance level is ahead at 1.8600
Thus I am expecting a pullback
And a move down towards the target of 1.8500
SHORT🔥
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.