Wave Analysis
GOLD SELLING ZONE WITH CPI AHEAD 4HRHELLO TRADERS
As I can see Gold on shorter TF it could drop till these levels bestselling zone drawn based on technical re-test after breakout to downside on channel and tested fib Golden ratio 0.50 Friends chart is easy and simple to read technically we can see a stronger DXY pulling toward 106.00 levels geopolitical issue are going on but technically its was overbought and Weekley RSI above on 70 zone incoming strong CPI Data can make some volatile moves in markets this week Russian president Putin Continue talk with Trump on Ukraine War Friends it's just a trade idea only based on technical analysis share Ur thoughts with us and Stay Tuned for more updates
Bitcoin Buy Signal: Exciting Entry Opportunity in the Correction🕒 Timeframe: 1-Hour
📉 Pattern Completed: Five-Wave Upward Pattern
🔄 Current Phase: Corrective Three-Wave Pattern with Wedge Breakdown
📊 Analysis Summary:
In the 1-hour timeframe, Bitcoin has completed a five-wave upward pattern, indicating a strong bullish trend that has now transitioned into a correction phase. This three-wave corrective move, confirmed by a breakdown of the wedge pattern, often presents a profitable buying opportunity for those who anticipate a subsequent rally.
💰 Key Support Levels for Buy Entry:
📍 $74,400 — First strong support level where buyers may look for reversal signals
📍 $71,600 — Major support zone that could provide a more secure entry point
These key levels have a high probability of igniting a reversal, potentially leading to a robust upward move. For traders looking to enter, these points offer attractive risk-to-reward setups.
📈 Forecast:
Based on current technical patterns and market sentiment, Bitcoin has the potential to reach a new peak by the end of 2024. This market setup is a rare and valuable opportunity for those looking to capitalize on the anticipated bullish momentum.
🚀 Don't miss out on this exceptional opportunity to ride the next wave! 🌟
NEAR Protocol: Triple Bottom Pattern with Bullish PotentialNEAR Protocol appears to have formed a triple bottom pattern and is currently trading near the neckline resistance at $4.45. A breakout here would signal a continuation of the impulsive move, suggesting the potential for further upside with targets around $5 and beyond.
However, a pullback to retest the $3.90 zone could provide a stronger confirmation of the triple bottom pattern, allowing bulls to consolidate and prepare for a more sustained push higher.
Traders should monitor volume and momentum at the $4.45 level to confirm the breakout, while a retest at $3.90 could offer an additional entry point if initial resistance holds.
BTCUSD: Bearish Continuation & Short Trade
BTCUSD
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell BTCUSD
Entry Level - 76361
Sl - 78900
Tp - 71961
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
GBP/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
GBP/JPY is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 198.124 level.
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AI -related crypto named VAIOT ready to pump 50-100xwith BTC having confirmed the breakout to a new buy cycle on the monthly tf, we finally have this darling ready to move higher.
weekly setup shows full retracement to nearly the bottom of the prior buy structure.
breakout above .80 will confirm progression to 1.20 as TP1;
once 1.20 is surpassed, I believe the fundamentals and potential of this company will warrant a price in the 5.00$ even 10.00$ ranges so those are the TP2 and TP3 levels.
SL at .07
Enjoy. and You're Wellcome!
ADA: Is wave 2 complete?The recent price action makes the probability of wave 2 of primary degree complete. But, to be confident, we must see price breaking above 52 cents and then getting support above 40 cents. Otherwise, market can still play tricks on us and make this pump a wave c for another higher degree B wave and crush the bag holders hopes and dreams. But until 31 cents breaks, I am flipping on the bull side for now.
OPUSDT Elliott Waves (Local Setup)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked).
Everything on the chart.
Entry zone: market and lower
Target: 2.2 - 2.6 - 3
after first target reached move ur stop to breakeven
Stop: 1.3 (depending of ur risk).
ALWAYS follow ur RM
risk is justified
It's not financial advice.
DYOR!
CADJPY Will Collapse! SELL!
My dear followers,
This is my opinion on the CADJPY next move:
The asset is approaching an important pivot point 110.86
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 110.00
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
Bitcoin, BTC, You're not Bullish enough... $400k, $600k, $1.5mCan you feel that? the weight has been lifted...
With Trump winning the election expect BTC to rally. Hard. Garry Gensler? Day 1, gone. Elizabeth warren, powerless. Larry Fink - the CEO of the worlds largest asset manager is calling BTC a "flight to safety", saying "it's bigger than any government" & "its digital gold"...
The stars have aligned, we're all set for cryptos version of the .com rally...
Key Points
Trump won the election - extremely bullish for bitcoin
Trump has said the US Gov will not sell the BTC &
This will form the foundation of a BTC Strategic Reserve
Day 1 he will fire Gary Gensler
He wants to make America the global leader of crypto
Larry Fink - "flight to safety", "it's bigger than any government", "its digital gold"
2011 - 2015 Pitchfork still framing Bitcoins price almost 10 years later
1.618 pitchfork marked the 2017 top
First Algo target from 2015 - 2021 & second Algo target from 2011 - 2013 at $55,000 & $62,000 marked the 2021 double top
1.236 pitchfork boundary marked the first top in 2021
& the 1.0 pitchfork boundary marked the secondary high in 2021
First Algo target from 2020 - 2021 at about $126,000
Second Algo target from 2020 - 2021 at about $372,000
Second Algo target from 2015 - 2017 at about 395,000
1.382 Pitchfork boundary in confluence with algo targets for a November top
1st target for the 3rd wave comes in at $563,000
1:1 range expansion from 2011 - 2013 at $608,000
2.0 pitchfork boundary in confluence with algo target in September
2nd target for the 3rd wave at $1,500,000 by June 2026
The Trade?
Do everything you can to acquire as much spot Bitcoin as you can while we remain in this re-accumulation range, then diamond hand it as long as you can bare. A trade with big flashing neon signs like this doesn't come up every day.
Depending on your time horizon & personal objectives taking money off the table at key targets would be wise while leaving enough in for over performance.
Remember to self custody, "not your keys not your crypto".
D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES.
Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS.
This is not financial advice. These are just my observations.
Technical Analysis is not about being right, it's about increasing your odds.
Be prepared to be wrong. Risk management is key. Capital preservation above all else.
AUDUSD Will Go Up! Long!
Please, check our technical outlook for AUDUSD.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 0.664.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.668 level soon.
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.
Like and subscribe and comment my ideas if you enjoy them!
XAUUSD: 8/11 Today’s Market Strategy and SignalsGold technical analysis
Daily resistance 2761, support below 2600
Four-hour resistance 2720, support below 2678
Gold operation suggestions: After a sharp drop of nearly $100 on Wednesday, gold rose by nearly $70 yesterday.
From the 4-hour chart, it stabilized and rebounded from the 2643 line, and 2700 was lost and regained. Today's opening is near the Bollinger middle rail. The hourly chart rebounded too fast yesterday. Today's support below is 2678, and the upper resistance is around 2718-20. The overall intraday support relies on this range to maintain high selling and low buying.
BUY:2778near SL:2774
SELL:2720near SL:2725
The strategy only provides trading directions. Since it is not a real-time trading guide, please use a small SL to test the signal.
Ethereum Update (12H)The Ethereum scenario turned into a triangle. We already considered Diametric for Ethereum. With the news of Trump's election and the influx of money, this pattern turned into a triangle.
To enter an Ethereum position, we need correction. The best place to buy again is marked on the chart.
Currently, the price has risen without correction and it is risky to enter the position.
The goals are clear in the chart.
Closing the daily candle below the invalidation level violates this analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You