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GBPUSD - Bearish Soon...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per my last analysis, GBPUSD rejected the lower bound of the medium-term trendline and traded higher. What's next? GBPUSD is currently hovering around the upper bound of the green and orange channels. Moreover, it is retesting a weekly major high marked in blue. 🏹 Thus, the highlighted green circle is a strong area to look for sell setups as it is the intersection of the trendlines and major high. 📚 As per my trading style: As #GBPUSD is hovering around the circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
3
BTC/USDT SAME XMN DATA CAN HAVE HUGE EFFECT FOR BTCWe have seen what XMN data have done with the trend of BTC in the past, and in 2024 for the first time the same XMN data shows. The last XMN data did affect BTC from 53K to 16K We are not able to count BTC where its able to go, but there is a high chance for BTC fall trend. XMN data shows sometimes in the full history of BTC, and it's not something that shows in a low time frame. BTC can still make more fake increase trends before the trend starts. Never go on expecting, but follow BTC's low time frame what the data now shows. Also, it means not that it should start today.. but how the data looks something can happen coming time if the data confirms what happened before. BTC can target over 61K, but it will stays risky.
Short
by SatochiTrader
5
Bitcoin Bull Run Continues: Why Bitcoin Could Break Through $74kThe long-term Bitcoin trend remains distinctly bullish, highlighted by a powerful breakout above the top of the average-price uptrend channel. This breakout propelled BTCUSDT to a high of $73,881, followed by a significant 33% correction. This pullback found strong support at the 50% Fibonacci retracement level, around the critical $50,000 psychological mark. This price level is pivotal for several reasons. Firstly, it was previously a strong resistance zone that has now flipped into solid support, demonstrating a classic technical analysis principle. Secondly, this level aligns with the concept of equilibrium, based on the Smart Money Concepts indicator, demonstrating a balance between buyers and sellers at this price area. Thirdly, it's the bottom boundary of the average-price ascending channel, adding further significance to this support zone. Moreover, the robust defense of this $50k area by buyers underscores the healthy long-term demand for Bitcoin. This combination of factors suggests that as long as BTCUSDT stays above the $50k support zone, the overall trend will remain bullish. Consequently, the likelihood of a continued price increase outweighs the possibility of a downturn. Looking forward, we expect BTCUSDT to continue its upward trajectory, with a potential target at the previous high near $74k. If this resistance level is breached, the next target could be the 161.8% Fibonacci retracement level, corresponding to the $90k psychological price mark. However, it’s essential to remain vigilant. A sharp break below the $50k support zone could trigger a significant decline, potentially pushing Bitcoin down to the $40k or even GETTEX:25K support areas. Traders and investors should be prepared for such a scenario, balancing their bullish outlook with prudent risk management strategies.
Long
by CryptoPAMM
EURCAD - Trading The Wedge...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURCAD has been overall bullish , trading inside the rising wedge pattern in orange. At present, EURCAD is undergoing a correction phase and it is hovering around the lower bound of the wedge. Moreover, it is retesting a massive demand zone marked in blue. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower orange trendline acting as a non-horizontal support. 📚 As per my trading style: As #EURCAD is hovering around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
XAUUSD 19/8/24Our gold chart this week shows that price action is moving to the upside, as we expected. We reached our high time frame target from last week, which was a new all-time high for gold. We’re now looking for price action to create significant liquidity to the upside to push for another all-time high. If a pullback occurs and price moves lower, we will begin focusing on the current trajectory, which could lead us into the highlighted areas of demand below. One area is within the lower 50% of the current short-term range, and the other is within the lower 50% of our overall swing range. If price hits these areas and pushes higher, we will, of course, look for overall longs to continue with the higher time frame trend. We expect the trend to continue with relative strength, but if a sell-off starts, we can look at the areas of supply left behind. If the current trajectory breaks, there is potential for a short-term sell-off, but we remain overall bullish on this pair. Please note that we only have one high time frame target for now, as gold is at a new all-time high. If price begins to sell off, don’t become attached to your bias. Remember, the higher time frame is bullish. Trade safely, stick to your risk management, and follow your rules.
OANDA:XAUUSD
by PipSurfingSociety
USDCAD - Massive Checkpoint!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCAD has been overall bullish, trading within the rising channel marked in blue. At present, USDCAD is undergoing a correction phase and it is hovering around the lower bound of the channel. Moreover, it is retesting a massive demand and support zone marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline acting as a non-horizontal support. 📚 As per my trading style: As #USDCAD is approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
2
Market Awaits CPI Impact After Producer Prices Boost Equities Producer Prices Report Lifts Equities Ahead of CPI Data The price has successfully reached all our previously mentioned targets, and today's movement will be heavily influenced by the CPI release. Current Outlook: As long as the price remains below 39,900 and 40,020, the trend indicates a potential downward movement. Bullish Scenario: If the CPI comes in below 3.00%, it will likely support a bullish trend, particularly if the price breaks above 40,050, with potential targets at 40,320. Bearish Scenario: A bearish outlook will be confirmed if the CPI matches or exceeds 3.00%, especially if the price stabilizes below 39,900, with potential declines to 39,620 and 39,260. Key Levels: - Pivot Line: 39,780 - Resistance Levels: 39900, 40050, 40320 - Support Levels: 39620, 39260, 39120 Today's Expected Trading Range: The price is anticipated to fluctuate between support at 39,260 and resistance at 40,050. previous idea:
OANDA:US30USDShort
by SroshMayi
USDJPY 6H / Will Speculators Rebuild Yen Shorts Amid Volatility?Will Speculators Rebuild Yen Short Positions? Recent CFTC data on FX positioning reveals that the net short positions on the Japanese yen (JPY) have decreased for the fifth consecutive week, dropping to 11,354 contracts as of August 6. This marks the lowest level since March 2021, coinciding with the USD/JPY decline to a nine-month low of 141.67 on the EBS platform. Just a month earlier, when USD/JPY was near 162, the net yen short positions had reached 184,233 contracts, the highest in 17 years. The recent unwinding of JPY shorts presents a clean slate for speculators who anticipate a repeat of the price action seen after a similar yen-funded carry trade unwinding in late 2023, which drove USD/JPY down to around 140. Market Volatility and Key Levels Bullish Scenario: To confirm a bullish trend, the price must stabilize above 147.825, with potential targets at 149.860 and 150.775, indicating a strong breakout. Bearish Scenario: The bearish trend remains in place as long as the price trades below the pivot line at 147.825, targeting 146.330 and 144.900. Key Levels: - Pivot Line: 147.825 - Resistance Levels: 148.825, 149.860, 150.770 - Support Levels: 146.350, 144.900, 142.400 Expected Movement Range: The price is anticipated to fluctuate between 148.830 and 144.900. previous idea:
Short
by SroshMayi
AFTER THE CORRECTION BTC CAN REENTER FOR SECOND TIME 62KWe did add before about the expected correction for BTC Like the before 62K target, in the correction, there can come a high candle recovery trend as we have seen before to gain again 62K There is a good chance that BTC will retest the 62K level again with a new liquidity volume after this correction trend. know that correction always enters with panic and manipulation trends. In the zone where we are now, BTC can find new LONG liquidity also with the new coming weekly chart start. we will follow the back trend to 62K level with updates. the reversal does not always go directly, in more times the trend should become first stable before a new increase starts. Follow always only your plan and risk management we are not advisors or get paid for it. Trading is more than just a simple basic update.
Long
by SatochiTrader
THE BREAK OF NEIROETH - NEIRONEIRO/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets. The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time. 90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin. NEIRO has the possibility to break.
Long
by SatochiTrader
3
STG/USDT NEW BREAK POSSIBLITYSTG/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets. The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time. 90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin. There is a good chance for a break in the coming time. Trend levels The coin is on important break trend which means if it can get confirmed it will break.
Long
by SatochiTrader
BENDOG/USDT GOING FOR THE NEXT BREAKBENDOG/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets. The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time. 90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin. There is a good chance for a break, the chart shows 3the possible break, which can affect over 50%, the coming time frame we should follow for exact data. The first focus target is
Long
by SatochiTrader
BTC/USDT RED LOW TIME FRAMEThis is a low time frame update which shows that BTC has the chance to have a correction in the coming time frame, the weekend trend. We will follow the trend and see if these red signals are confirmed in the coming time frame. We followed the BTC before, from a 54K to 62K trend. as this below update shows About the side where BTC is going, we can't know, since we only follow data. we never hope for a trend where BTC can go since we always check all 2 sides and where data shows a high chance. our statics show that we are the best of all coins with data in BTC long term. Knowing this is BTC there can be always manipulation in trends that can make fake liquidity before it will enter the real liquidity, we have seen before at 56650 before increasing to 62K, in a different way can always happen. make always plan.. data shows there is a chance that 70% BTC will make first a correction
Short
by SatochiTrader
GOLD 4H / Bullish Volume...Gold Futures Rise as Long-Term Outlook Remains Positive Technical Analysis: Gold Current Outlook: Stabilization above 2428 means an uptrend toward 2450 due to the high bullish volume Bullish Scenario: Stability above 2428 could extend the bullish trend towards 2441 and breaking of 2442 will get 2450 and 2466 Bearish Scenario: Stabilization below 2420 could support a decline to 2408 and should break 2397 Key Levels: - Pivot Line: 2428 - Resistance Levels: 2441, 2450, 2466 - Support Levels: 2420, 2408, 2379 Today's Expected Trading Range is between 2420 and 2466 Tendency: Bullish trend above 2428 - 2420 previous idea:
OANDA:XAUUSDLong
by SroshMayi
BTC - Key Checkpoint...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per my last analysis, attached on the chart, BTC rejected the $50,000 support zone and surged by over 25%. What's next? Currently, BTC is hovering around a key rejection level and round number $60,000. For the bulls to maintain control and push towards $70,000, a break above the $60,000 level is needed. 📉 Meanwhile , the bears can still kick in for one more correction phase especially if the $59,000 support is broken downward. Which scenario do you think is more likely to happen and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
2
AIDOGE/USDT NEW BREAK POSSIBLITYAIDOGE/USDT shows the low time frame possibility for new volume which can affect the price for an uptrend. ( depend all on high chance) There are no guarantees in the markets. The new increase volume updates always start with interest if there is a confirmation to follow and if there is a building with a hold for a time. 90% of coins this time are not building coins. Some % also show a start fake trend and return to where it started. time frame confirmation + high levels building is important for a healthy coin. high chance for new rbeak
Long
by SatochiTrader