Wave Analysis
GBP/CAD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Previous week’s green candle means that for us the GBP/CAD pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.799.
✅LIKE AND COMMENT MY IDEAS✅
GBP/CHF BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
GBP/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 5H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.132 area.
✅LIKE AND COMMENT MY IDEAS✅
Bitcoin and altcoin overview (February 28-29)Yesterday, Bitcoin followed the priority scenario and continued its downward movement after testing the sell zone at $86,700–$89,600 (mirror zone, volume anomalies).
At the moment, we are approaching the key buyer zone at $77,000–$73,000. Significant volume anomalies are emerging nearby, and seller price action is weakening, but there are no reversal formations yet.
The main expectation for the near future is a test of the mentioned buyer zone, followed by a pullback.
The sell zone at $86,700–$89,600 remains active but with a slight shift.
Sell Zones:
🔻 $107,000–$109,000 (volume anomalies)
🔻 $97,500–$98,400 (pushing volumes)
🔻 $95,000–$96,700 (accumulated volumes)
🔻 $91,300–$92,600 (accumulated volumes)
🔻 $87,000–$89,600 (mirror zone, volume anomalies)
Buy Zones:
🟢 $77,000–$73,000 (volume anomalies, pushing volumes)
Interesting Altcoins:
For CKB , considering a short position if there is a reaction in the $0.007–$0.0074 zone.
GBPUSD Swing possible outlook HTF (Higher Timeframe)
- GBPUSD is Bearish
-Price is above discounted level, tapped HTF-POI, in premium level.
-Look for confirmed entries on LTF
LTF (Lower Timeframe)
-GBPUSD is Bearish
-Price after mitigating HTF-POI, it resulted into MSS.
-using the last internal high and low, premium and discount, Imbalance and momentum, i can identify a possible POI for shorts. my internal low will be confirmed once price closed above fractal LH.
USOIL Is going to Drop to 75.8 A BarrelThe price of USOIL is expected to decline to $75.8 per barrel, indicating a potential bearish move in the market. Traders should watch for key support levels and market reactions to confirm the trend. Factors like supply-demand shifts, geopolitical events, and economic data could influence the drop.
ETH Poised to Decline to 1600ETH Poised to Decline to 1600
ETH has been struggling to rise for an extended period, consistently displaying bullish patterns. However, each attempt has resulted in false breakouts, as evidenced by the daily chart, which shows the formation of larger bearish patterns. The bearish momentum has remained strong.
Given the current conditions, ETH has broken down from a new pattern and is likely to move down further, as indicated on the chart.
Key support levels to watch are:
2100
1880
1635
You may find more details in the chart!
Thank you and Good Luck!
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Bitcoin Price Drop: Causes and Implications
Bitcoin, the leading cryptocurrency, has recently experienced a significant price drop, raising concerns among investors and traders. Several factors contribute to such declines, including market sentiment, regulatory developments, macroeconomic trends, and large-scale liquidations.
One major reason for Bitcoin's price decline is the increasing regulatory pressure from governments and financial institutions. Stricter regulations, bans on crypto transactions, or tax policies can negatively impact investor confidence. Additionally, economic instability, inflation rates, and interest rate hikes by central banks also play a crucial role in shaping the crypto market's performance.
Another contributing factor is mass liquidations caused by leveraged trading. When Bitcoin’s price drops suddenly, many traders with leveraged positions are forced to sell their assets, triggering a chain reaction that further drives prices downward. Moreover, negative news, security breaches, or unexpected announcements from major crypto exchanges can intensify panic selling.
Despite these short-term fluctuations, Bitcoin has historically demonstrated resilience, often rebounding after major corrections. Long-term investors usually view these dips as buying opportunities, while traders navigate volatility to capitalize on price movements. As the market matures, Bitcoin’s future will continue to be influenced by global economic trends and technological advancements in blockchain adoption.
NZDJPY - Shifting Trends Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉NZDJPY has been overall bearish , trading within the falling channel marked in red.
However, it is currently retesting the lower bound of the channel which lines up perfectly with the support zone marked in blue.
📈As per my trading style , as long as the support zone holds, I will be looking for buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
bermuda triangles on #BTC where the money disappear2 options where BTC may end the descent and turn
We are about to complete a downward impulse in C of the flat correction on bitcoin
there's a confluence on FIbs - option one with a decent liquidity level
and an intersection of a impulse's dynamic support with a livermore's channel on weekly timeframe
live trade small capital to get big now posible ✅ Decentralized – No central authority controls BTC. Transactions are verified by a distributed network of nodes.
✅ Limited Supply – There will only ever be 21 million BTC, making it a scarce asset.
✅ Blockchain Technology – Transactions are recorded on a public ledger (blockchain), ensuring transparency and security.
✅ Proof-of-Work (PoW) Consensus – BTC is secured by miners who use computational power to validate transactions.
✅ Store of Value – Often referred to as digital gold, Bitcoin is used as a hedge against inflation and economic uncertainty.
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Bitcoin Use Cases:
CHFJPY - Bearish Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈CHFJPY has been overall bearish trading within the falling wedge marked in red and it is currently in a correction phase approaching the upper bound.
Moreover, the green zone is a strong structure.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the structure and upper red trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As #CHFJPY approaches the red circle, 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
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.