NZDJPY 1H LONGFound falling wedge with bullish divergence
Entry on break on last LH, Projection about 1:1
Wedge
Be careful with XTZ !!!So if you pay attention to the XTZ chart you can see that the price has formed a Ascending FLAG or wedge which means it is expected to price move as equal as the measured price movement.( AB=CD )
NOTE: wait for break of the FLAG .
Give me some energy !!
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
EUR/JPY Technical Breakdown: Rising Wedge Breakdown + Target🔺 1. Rising Wedge Pattern Explained
A Rising Wedge is formed when:
Price action creates higher highs and higher lows, but
The slope of the support line is steeper than the resistance line.
This signals that buyers are losing strength, and momentum is fading.
In this chart:
The wedge began forming around mid-February 2025.
Price was compressing within converging trendlines.
After multiple failed breakouts near resistance (~165.50), the pair finally broke below the lower trendline, confirming a bearish breakout.
This pattern is considered reliable because it traps late buyers and shifts sentiment from bullish to bearish quickly once the lower boundary is breached.
🔻 2. Key Technical Zones
📌 Major Resistance Zone (~165.00 – 166.00)
Strong supply area; price has rejected here multiple times since late 2023.
Resistance was confirmed again during the wedge formation.
High volume spike noted near this level, followed by a steep drop—evidence of distribution and smart money exiting long positions.
📌 Major Support Zone (~156.00 – 157.00)
Historically held as a demand zone.
Previous bounces suggest it is structurally significant.
However, repeated tests can weaken the zone, increasing the likelihood of a breakdown.
🎯 Target Price: 153.433
Measured by taking the height of the wedge and projecting it from the breakout point.
Coincides with a previously tested level (support turned target).
Bears could aim for this level as a swing target.
📉 3. Market Psychology Behind the Pattern
As price climbs inside a rising wedge, volume often declines, showing buyer exhaustion.
False breakouts near the top of the wedge trap breakout traders, adding fuel to the downside move once price breaks the lower boundary.
The sharp selloff post-breakout is often driven by stop-loss cascades and aggressive short positioning.
🔁 4. Potential Price Path & Trade Plan
Retest in Progress: Price may retest the broken wedge support (now resistance) near 163.00–164.00 before further decline. This retest zone offers a high-probability short entry opportunity with tight risk management.
Immediate Downside Levels: 160.00 (psychological level), 157.00 (support zone), and final target at 153.43.
Bearish Continuation Scenario: If the pair maintains below the wedge and forms lower highs, it confirms ongoing bearish sentiment.
🛑 5. Risk Factors to Monitor
ECB or BOJ monetary policy shifts (rate cuts/hikes, yield curve control updates).
Risk-on vs risk-off flows, especially in times of geopolitical or macroeconomic shocks.
Intervention by the Bank of Japan to protect JPY from excessive weakening.
✅ Conclusion: A Tactical Short Opportunity
The EUR/JPY chart is setting up for a potential medium-term short swing trade following a confirmed rising wedge breakdown. With clear rejection from a long-standing resistance zone and fading bullish momentum, the technicals align for a move toward 153.43 over the coming weeks.
Traders should watch for clean retests and structure-based entries, managing risk around 164.50 with profit-taking at key support zones along the path.
Gold may break resistance level and then continue to growHello traders, I want share with you my opinion about Gold. In this chart, price previously formed a clear triangle pattern, where price was squeezed between two converging trend lines. After a period of consolidation, the market broke above this formation, reaching the resistance zone near 3365, but then started to retrace. Following that breakout, a new structure emerged, an upward wedge. The asset has been moving within this narrowing channel, forming higher lows and approaching the upper boundary with weakening momentum. This type of pattern often signals an upcoming strong move once the price breaks out from either side. Currently, Gold is trading near the resistance line of the wedge and just beneath the seller zone. I expect that the price may fall back to the support line of the wedge around the 3205 - 3185 area. After that, a bounce from this zone could trigger a bullish breakout from the wedge. That’s why I set my TP 1 at the 3420 level, this target aligns with a full wedge breakout and continuation of the upward movement through the resistance level and beyond the seller zone. Please share this idea with your friends and click Boost 🚀
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
EUR/USD Rising Wedge Breakdown – Bearish Opportunity in Sight🔍 Technical Breakdown
🟦 1. Rising Wedge Pattern (Bearish)
The price has been moving within a tightening upward channel — forming higher highs and higher lows, but with decreasing momentum. This is a typical Rising Wedge, a pattern that signals exhaustion in an uptrend and typically resolves to the downside.
The pattern formed over several days.
Volume has been declining as the price pushed higher — a classic sign of weakening trend strength.
🚨 2. Major Resistance Zone
The wedge culminated near a major historical resistance zone (around 1.1400), which price failed to break multiple times — showing strong seller presence. This adds confluence to the bearish breakdown.
📉 3. Breakdown & Retest
Price broke below the lower wedge trendline, confirming the bearish reversal. After the breakdown, the pair appears to be retesting the previous support line — now acting as new resistance.
This retest is crucial — a successful rejection here typically confirms the breakdown and provides an ideal entry point for short positions.
⚡ Volume Clues
Note the "Volume Burst" earlier in the chart, followed by a sharp move up. But that rally was unsustainable — buyers couldn’t hold above resistance, and volume has since faded. This volume exhaustion is further evidence that bullish momentum is weakening.
🔄 Key Support Zones Below
Around 1.1200: A strong SR flip zone (support-turned-resistance), which could act as temporary support.
Final Bearish Target: Around 1.1070, a strong demand zone where price previously consolidated before the last bullish run.
This is the measured move target from the wedge height applied to the breakdown point.
🧠 Why This Matters (Trader Insight)
This setup combines:
A reliable bearish pattern (rising wedge)
Key horizontal resistance
A volume drop
A clean retest structure
That makes it a high-confluence short trade idea. These patterns don't always play out immediately, but when they do, they often drop hard.
📌 Trade Setup Summary
Bias: Bearish
Pattern : Rising Wedge (broken)
Current Action: Retesting the broken wedge
Entry Zone: 1.135–1.138 (retest confirmation)
First Target: 1.1200 (SR Flip)
Final Target: 1.1070 (Demand Zone)
Invalidation: Break and hold above 1.1410
Bitcoin (BTC/USD) – Rising Wedge Pattern Signals & BreakdownThis chart illustrates a Rising Wedge Pattern on the weekly timeframe for Bitcoin (BTC/USD), which is generally considered a bearish reversal pattern in technical analysis. The pattern appears after a strong upward move and typically signals that the price is losing momentum and may be preparing for a significant correction.
📐 What is a Rising Wedge Pattern?
A rising wedge is a chart pattern formed when the price consolidates between two upward-sloping trendlines – the support line (bottom) and the resistance line (top) – with the two lines converging toward each other.
As price climbs higher, it forms higher highs and higher lows.
However, the slope of the highs is less steep than the slope of the lows, showing a loss of bullish strength.
Eventually, the price breaks below the support line, often leading to a sharp move downward.
🔍 Key Highlights from the Chart:
📌 1. Major Resistance Zone (~$110K–$120K):
BTC is currently facing heavy resistance in this area.
This zone has historically acted as a supply zone where bulls have struggled to break through.
Multiple rejection wicks indicate strong selling pressure.
📌 2. Pattern Touchpoints:
BTC has now formed multiple touchpoints on both the support and resistance lines of the wedge, confirming the structure.
This gives the pattern higher validity from a technical analysis perspective.
📌 3. SR Interchange Zone (~$65K–$70K):
This is a key horizontal zone where past resistance could act as future support.
A successful breakdown may first test this level before continuation.
📌 4. Retesting After Breakdown:
After breaking the wedge support, a retest of the broken trendline is often seen.
If the retest is rejected, it confirms the breakdown and opens the door to deeper bearish movement.
🎯 Target Projection:
If the wedge breaks down and the bearish scenario plays out, we could see Bitcoin fall to the $22,000–$25,000 region – marked as the final target zone on the chart. This level aligns with:
Previous macro-support zones from 2021
Fibonacci retracement levels
Psychological price levels where buyers may re-enter
⚠️ Bearish Factors to Watch:
Bearish divergence on indicators like RSI or MACD (not shown on chart but worth checking)
Volume decreasing as price rises – a classic wedge behavior
Macroeconomic headwinds or Bitcoin halving-related exhaustion
Rejection from major resistance with strong bearish candles
🕒 Timeframe & Patience:
This is a weekly chart, which means the pattern will play out over weeks or months, not days. Patience is key. A clear break, retest, and rejection would be the most reliable confirmation to expect further downside.
✅ Invalidation Scenario:
If BTC breaks above the wedge resistance line with strong bullish volume and holds above the $120K level, this bearish thesis becomes invalid.
In that case, BTC could enter price discovery mode, making new all-time highs.
💬 Final Thoughts:
This analysis is a technical outlook, not financial advice. Always use stop-loss strategies and manage your risk carefully. Market sentiment, news, and macro factors can quickly shift the scenario. However, from a purely technical standpoint, the rising wedge pattern is a powerful signal that should not be ignored.
Agriculture Rising WedgeTicker AMEX:DBA may have completed a rising wedge with a price objective of 25.37
#SUIUSDT #1D (Bitget Futures) Rising wedge near breakdownSui got drained from Cetus LP and is about to print a spinning top candle on daily.
A retracement down towards 100EMA / descending trendline support seems likely.
⚡️⚡️ #SUI/USDT ⚡️⚡️
Exchanges: Bitget Futures
Signal Type: Regular (Short)
Leverage: Isolated (4.0X)
Amount: 4.8%
Current Price:
3.9642
Entry Zone:
3.9947 - 4.2035
Take-Profit Targets:
1) 3.5901
1) 3.2068
1) 2.8235
Stop Targets:
1) 4.5250
Published By: @Zblaba
CRYPTOCAP:SUI BITGET:SUIUSDT.P #1D #SuiNetwork #L2 sui.io
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +49.7% | +87.1% | +124.5%
Possible Loss= -41.6%
Estimated Gaintime= 1-2 months
Ethereum can get $9900 (23MAY2025)As Ethereum is playing inside a broadening pattern ( 2 blue zone )
1) Hold above the 20 weekly MA
2) Needs to break the $3000 trendline
3) Breaks above $4000 resistance
The target at $9900 is reachable in the coming months
$BTC.D + $USDT.D + $USDC.D = Flight to Safety Breaking DownFLIGHT TO SAFETY chart is breaking down.
Once the 20WMA breaks under the 50WMA the flood-gates are open.
AUD/CAD: Ducks in a Row for a Drop Below .8880?The ducks look to be lining up for AUD/CAD downside.
It was comprehensively rejected at the 200DMA a fortnight ago, followed by wedge break on Tuesday before sliding below the 50DMA on Thursday. It now sits perched on .8880, a level it attracted buying from earlier this month.
With RSI (14) sub-50 and MACD crossing over from above, momentum signals are shifting neutral to moderately bearish, favouring downside. With both moving averages trending lower, it reinforces the bearish picture.
If AUD/CAD breaks beneath .8880, considering initiating shorts targeting a return to support at .8800. A stop above .8880 would provide protection against reversal.
Should it hold .8880, the bearish backdrop suggests there are better setups to consider than flipping the trade and going long.
Good luck!
DS
Bitcoin may break support level and fall to support lineHello traders, I want share with you my opinion about Bitcoin. In this chart, we can see how the price a few moments ago declined, but then turned around and started to grow inside an upward wedge. Price at once rebounded from the support line of the wedge and made an upward impulse to the support level, which coincided with the buyer zone, after which it broke it and made a retest. Then BTC rose to the resistance line, after which it corrected to the 100900 support level and then started to slowly grow in the wedge. Some time later, Bitcoin rose to the current support level, which coincided with the support area and even climbed a little higher to the resistance line of the wedge, but soon dropped to the support line. Next, price turned around and made an upward impulse from this line, breaking the 105800 level, and at once made a retest. After this movement, BTC continued to grow and reached the resistance line of the wedge, but recently it rolled down, so now I expect that the price can rise a little. After this movement, in my opinion, BTC can drop to the support line of the wedge, breaking the current support level. Therefore, I set my TP at this line - 104200 points. Please share this idea with your friends and click Boost 🚀
NEAR is here to stay!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After breaking above the falling wedge pattern, CBOE:NEAR has been overall bullish, trading within a rising broadening wedge 🔼 marked in blue and red.
📉 As it approaches the lower bound of the wedge — which perfectly intersects with the green support zone — we’ll be watching for short-term long opportunities 🎯.
From a long-term perspective, for the bulls to fully take control, a break above the $3.6 resistance is needed to confirm the next bullish wave 🚀.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
$GOOGL the pattern is there, target $152, short setup.NASDAQ:GOOGL You tell me. This looks so ready to go back below $150. My target is $152. I am entering puts right now with a strike price of $150 for 6/20 starting at $1.33 entry. I will add some on a push towards $167-$168. I will give up if it pushes through or holds at $170. This just looks to good TECHNICALLY in my opinion. I will keep you updated. I am willing to watch this position go down 65% where I will consider selling; looking at price and time to expiration. We are not out of the weeds yet when it comes to political rhetoric regarding tariffs even though this name shouldn't be affected by such because it is software, nothing physical but when the idea of tariffs are spewed the market as a whole reacts in negatively.
WSL.
Cryptocurrency: Analyzing the Digital Asset RevolutionSince Bitcoin’s creation in 2009, cryptocurrencies have evolved from a niche tech experiment into a dynamic sector disrupting global finance. Grounded in decentralization and blockchain technology, cryptocurrencies aim to remove intermediaries and redefine money.
Key Characteristics
Decentralization: Operate on peer-to-peer networks, free from central authority.
Blockchain Technology: Immutable, transparent ledger ensures trust and security.
Tokenization: Real-world assets like real estate or art can be turned into digital tokens.
Market Dynamics
As of 2024, total crypto market cap exceeded $2.5 trillion.
Bitcoin remains the dominant asset, but Ethereum’s smart contract ecosystem has catalyzed massive growth across DeFi and NFTs.
Opportunities and Risks
Opportunities:
Financial Inclusion: Access for the unbanked via mobile wallets and stablecoins.
Innovation: Enabling decentralized apps, automated lending, and cross-border payments.
Risks:
Regulatory Uncertainty: Governments are actively evaluating oversight frameworks.
Volatility: Sudden price swings create high risk for investors.
Security: Hacks and scams continue to plague the sector, especially in DeFi.
Conclusion
Cryptocurrencies have launched a financial paradigm shift, but for mass adoption to take root, regulation, user protection, and scalability must mature.
Rising Wedge Breakdown – Bearish Setup on Silver (XAGUSD)Silver (XAG/USD) is currently trading within a bearish rising wedge formation on the 8-hour timeframe, and the market structure is hinting at a potential reversal to the downside. The confluence of resistance zones, pattern anatomy, and historical price action all point to a high-probability short setup, especially if key support levels are breached.
📈 Pattern Analysis: Rising Wedge
A rising wedge is typically a bearish chart pattern that forms when price consolidates between two upward sloping trendlines. However, the upper trendline rises at a slower pace than the lower one—indicating decelerating bullish strength. It often precedes a bearish breakout, especially if volume decreases near the apex.
In this case, the wedge is forming just below a major resistance zone around the $34.00 area, adding weight to the bearish scenario.
🔹 Key Technical Levels :
🟥 Resistance Zone ($33.80–$34.80): Price has tested and rejected this area multiple times in recent weeks. It marks a clear liquidity zone where sellers are in control.
🟩 Support Zone ($29.50–$30.30): This zone has provided strong support in previous retracements. If broken, it may flip into resistance upon retest.
🟦 Retest Zone (~$31.00–$31.50): If the wedge breaks downward, price may retest this area—creating an opportunity for traders to enter short with better risk-reward.
🎯 Final Bearish Target : $26.85: This level is derived from the height of the wedge and prior demand zones, making it a strong target area in a fully played-out bearish move.
🧠 Market Structure & Sentiment:
Volume Analysis – Volume has been tapering off as the price squeezes within the wedge, which is a typical trait of rising wedges. A volume spike on breakdown would serve as confirmation.
Trend Analysis – While the overall trend in the medium term has been bullish, the weakening upward momentum suggests that buyers are losing strength, and sellers may regain control soon.
Rejection Candle s – Several recent candle wicks above the $33.50 zone show clear rejection and failure to close above, reinforcing the resistance level.
📊 Trade Plan (Educational Purposes Only):
Criteria Details
Bias Bearish (Rising Wedge Breakdown)
Entry Option 1 On breakdown of wedge + retest
Entry Option 2 Aggressive entry on breakdown candle close below $31.50
Stop Loss Above $33.80 (last resistance)
Take Profit 1 $30.00 (support zone)
Take Profit 2 $28.00 (partial exit)
Take Profit 3 $26.85 (final target)
📌 Trading Psychology Note:
Traders should remain patient and avoid entering prematurely. Let the pattern confirm itself with a clean break and retest. Risk management is critical—wedge patterns can also fake out before reversing hard.
🧾 Summary:
Silver is nearing the end of a rising wedge pattern, right under a heavy resistance zone. Historical behavior, weakening momentum, and classic wedge structure suggest a potential bearish reversal. A break below the wedge support and a retest around $31.00 could present a high-probability short trade setup targeting the $26.85 area.
Keep this chart on watch. A decisive move is likely coming soon.
XAUUSD – Rising Wedge Breakdown in Play? | Bearish Setup Alert🧠 Market Analysis
Gold (XAUUSD) has shown incredible bullish strength in recent months, driven by geopolitical tensions, inflation uncertainty, and increased demand for safe-haven assets. However, every trend experiences a pause or correction — and that’s where we may currently be.
📊 Pattern Overview: Rising Wedge Formation
One of the most prominent technical patterns right now is the Rising Wedge. This is a bearish reversal pattern that occurs when price action consolidates upwards in a narrowing range, indicating waning bullish momentum and an imminent breakdown.
In this chart:
We see a clear series of higher highs and higher lows, forming two converging trendlines.
The upper trendline acts as dynamic resistance, while the lower one has been supporting price until now.
The wedge has now broken to the downside, signaling the potential start of a new short-term downtrend.
🔍 Key Technical Elements Explained:
🔵 1. Major Resistance Zone
Marked in the blue rectangular box, this zone has acted as a historical pivot area — both as support and resistance in the past.
The market respected this zone multiple times.
Price action tends to hesitate or reverse in such regions due to large institutional order flows.
🧠 2. Black Mind Curve Resistance
Unlike flat trendlines, the "Black Mind Curve" represents a curved, psychological dynamic resistance — often based on market sentiment, Fibonacci arcs, or logarithmic regression.
It reflects the market’s natural rhythm and is respected due to the hidden behavior of algorithmic trading systems.
Price just rejected this resistance after touching it during the wedge formation — a strong bearish clue.
🔄 3. Retest in Progress
After breaking out of the rising wedge to the downside, price is now retesting the broken wedge support.
This is a common price behavior known as the “kiss of death” — a final tap before continuation.
If the price fails to reclaim this broken support zone, it confirms a bearish continuation is on the table.
🎯 Trade Plan: Entry, Target & Stop
Trade Element Details
Bias Bearish
Entry Idea On confirmation of retest rejection (e.g., bearish engulfing candle)
Stop Loss (SL) Above the recent high or resistance – near $3,413.58
Take Profit (TP) First major support near $3,153.70 (SR Interchange)
Risk-Reward Ratio Estimated between 1:2 to 1:3, depending on entry
🔥 Bonus Target: If momentum increases, an extended drop toward $3,100–$3,080 is possible — where deeper demand lies.
🧘♂️ Trading Psychology & Risk Management:
Let’s face it: Even the best setup can fail — which is why discipline is your edge.
Confirmation is Key: Never short just because of a pattern. Wait for structure + candlestick confirmation (e.g., bearish engulfing, shooting star, etc.).
Emotions Kill Accounts : Don’t let greed convince you to skip stop-losses or over-leverage.
Let Price Come to You: If you missed the perfect entry, don’t chase. The market always gives second chances.
🧠 Educational Insight : What Makes This Setup Powerful?
This setup is a confluence trade, meaning:
You’re not relying on one signal, but multiple confirmations:
Rising wedge (pattern-based)
Resistance zone (horizontal S&D)
Curved dynamic resistance (psychological + advanced trendline)
Retest + rejection behavior (price action)
These stacked layers of confirmation increase the probability of a successful trade.
📌 Final Thoughts:
Gold is showing all the technical signs of a short-term bearish correction, despite the broader bullish narrative. For smart traders, this is an opportunity to catch a swing short with a clear entry, stop, and target.
The key to winning here? Patience and confirmation.
You don’t have to predict the market — just react to it with logic and discipline. Let the setup unfold naturally, and let the trade come to you.
💬 What’s Your Take?
Are you shorting Gold here or waiting for more confirmation?
Have you used curved resistance lines before in your analysis?
Drop your thoughts below — and if this helped you, smash the like button, share with others, and follow me for more high-probability setups!
#FETUSDT #4h (Bitget Futures) Falling wedge breakout and retestFetch just regained 100EMA support and looks good for bullish continuation from here.
⚡️⚡️ #FET/USDT ⚡️⚡️
Exchanges: Bitget Futures
Signal Type: Regular (Long)
Leverage: Isolated (4.0X)
Amount: 5.0%
Current Price:
0.7863
Entry Zone:
0.7806 - 0.7504
Take-Profit Targets:
1) 0.8561
1) 0.9244
1) 0.9926
Stop Targets:
1) 0.6897
Published By: @Zblaba
NYSE:FET BITGET:FETUSDT.P #4h #Fetch #AI fetch.ai
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +47.3% | +83.0% | +118.7%
Possible Loss= -39.6%
Estimated Gaintime= 1-2 weeks
BTC Potential Short-Term PullbackBINANCE:BTCUSDT could be setting itself up for a short-term pullback.
It might be forming a Daily RSI Bear Divergence, with the latest retest of the the main supply zone, and RSI Divs/Breakouts have been reliable leading signals for recent CRYPTOCAP:BTC PA.
Key Levels to Watch
• $119k - Measured wedge target, confirmed with last month's breakout.
• $106.2k-$109.5k - Main supply and ATH, a sustained break above it would invalidate any bearish PA.
• $89.6k-$91.9k - Lots of confluence here:
- Unmitigated daily FVG
- The 200-day EMA is sitting there
- A move here would be between 0.5 and 0.618 Fib retracement of the last leg up, consistent with the typical pullback length of Wave 2 (Elliott Waves theory)
- It has also been an important S/R since November 2024, and a retracement here could form an Inverse Head and Shoulders pattern.
I would be patient with it, as I still see a lot of uncertainty short-term, but I think a pullback to ~$90k could offer a great long entry. Worth keeping a close eye on it.
Nifty Index Breaks Out of Wedge PatternNifty index has broken out of the wedge pattern
and is now in free fall towards the identified targets.
FILUSDT — the formation is repeating, the structure is familiar.Filecoin(FIL) - is a decentralized storage system with the goal of "storing humanity's most important information." During its initial coin offering (ICO) in 2017, the project raised $205 million. The launch was initially planned for mid-2019, but the mainnet launch date was postponed until block 148,888, which occurred on October 15, 2020.
📍 CoinMarketCap : #50
📍 Twitter(X) : 667.3K
🔍 What I observe:
I’ve added the full trading history to the chart for better understanding (the chart on exchanges is cut off). The coin is liquid. I also added the prices for the public and private offerings.
There’s a large horizontal channel, or more specifically, a channel within a channel, which has been active for about 1111 days.
After another drop, a descending wedge formed, and now we are witnessing a breakout of its resistance (a retest is possible).
These patterns are ones I regularly track and trade, based on personal experience accumulated over the years and my strategy.
📊 I’ve plotted the nearest resistances and target prices with movement percentage calculations.
💭 It’s quite possible that this formation in the lower part of the wedge, coinciding with the area of lows on the support of the outer channel, was used to gather liquidity and shake out weak hands.
I also want to point out the large wicks in this zone - a characteristic pattern for accumulation points and subsequent reversals.
______
📌 Not financial advice. Observing structure and recurring phases.
Operate within your strategy and with an awareness of risks.
Huge crash for Usdt Dominance Ignore the smaller Time frames guys let's see the bigger and better picture of where BTC can top this cycle
As you can see i have shared the Monthly Chart of USDT Dominance.
It's already broke the trendline support and rising channel on monthly. NOW we are heading to our targets of approx 1.91% and 1.5%. It seems like a joke today but yes it's possible. Ignore the 4h charts and total mess that people are showing. Hold Tight and Enjoy the ride.
Let's see where btc price can go if USDT dominance hits our targets.
If USDT dominance drops to 1.91% we can see Btc at range of 220000$ - 250000$
If USDT dominance drops to 1.51% we can see Btc at range of 250000$ to 350000$
Yes it's possible.
Wait and watch enjoy the ride you can exit anywhere you want it's not a financial advise.
But exiting too early after a long wait will be a regret.
👍 Regards Trader Scorpio ♏
Ugly SP500 Reaction to Treasury YieldsUnlike other headline news, long term interest rates breaking out to the upside is an immediate threat to equity prices especially if it's driven by bond vigilantes rather than strong economic news. This will immediately compress valuations and particularly hurt high growth and small caps the most. In addition, this is not a one-off headline where equities markets can easily shake it off and continue to rally. I think we're going to test the gap ~$567 on AMEX:SPY after breaking down from a rising wedge and triggering the PSAR flip.
