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Zigzag

Bitcoin - Explosive breakout, watch this bull flag! Bitcoin is forming a bullish flag pattern or a wedge pattern on the daily chart, and that's why we can expect an explosive breakout in the immediate short term! The question is, when is it going to be? I would say this or next week, because the price could still touch the upward yellow trendline. But the decision will be very soon! Bitcoin is bullish because the price is above the yellow trendline and above the 200-day simple moving average. They are pretty close to each other. This moving average is considered strong support / resistance by huge institutions and hedge funds. It can also be a 200-week MA or a 200-month MA. They are pretty good. The target of this bullish flag / wedge is the white trendline. Make sure you take profit here because we could crash from this point! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Usually September is a bearish month, but we still have almost a month. Bitcoin usually pumps in 1-3 straight candles when no one is expecting it. It can be really fast! XRP also reached a strong support that can send it to higher prices, specifically 1.7 USDT per coin. It's a good time to buy it! I remain bullish on BTC, but on the intraday chart, we could still have some imbalance and wicks to take liquidity before going to 32k. Let me know in the comment section what you think about BTC. I look forward to your comments! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
133
GOLD → Waiting for a trap before a further fall OANDA:XAUUSD is still testing trend support and testing the market reaction. The price is not able to grow at the moment and continues to update local lows On the futures market, the price failed to pass through the 2000 area, on the spot market, the situation is simpler - we see a continued decline in price. The price is trying to get out of the descending price channel, but apparently gold is in the liquidity area, which does not let the price below 1930. A global upward shakeout may follow before a further decline. Or, if the price overcomes the resistance of 1943, then the market will enter a recovery phase and strengthen the price. The potential for growth to 1954-1970 will be opened. At the moment consolidation below the support is forming - a signal for a possible sale. Medium-term outlook 1927-1970 Support levels: 1930, 1927.5 Resistance levels: 1943. 1954 I expect a shakeout or false breakdowns of the local resistance and if the price continues to consolidate below the support, the market will give us a drop. BUT! If the price returns beyond 1943, the growth will start within the descending channel Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
22
GBPUSD → Pin-bar and reversal pattern on the support line FX:GBPUSD on the daily timeframe is forming a situation that suggests a buyback, at the same time a candlestick pattern and a false breakout are forming The currency pair is in the format of the ascending price channel. Earlier support was tested and on the background of news the market bought back the fall at 1.36 which is quite a strong reaction. After the local rally, the price is forming a correction, most likely to support or retest, which may be followed by a growth phase, coinciding with the trend direction. Moving averages form a cross and play the role of resistance, it is worth paying attention to the support area of the uptrend. Resistance levels: 1.27275, 1.28484 Support levels: 1.26800, trend support, 1.26065 I expect the end of correction in the area of uptrend support with the subsequent strengthening of the price within the uptrend. Regards R. Linda!
Long
by RLinda
14
EURUSD - Huge uptrend is ready! (prepare longs) EURUSD is still extremely bullish because the price is above the 200-day daily moving average and also above the major white trendline. Trend is your friend, so we want to take only longs! The price is also inside this ascending parallel channel, and I expect another push to the upside to test the upward trendline of the channel. It's possible to bull-break this channel! In the last 2 weeks, EURUSD has been going down, but it's just a re-test of the previous 2 trendlines. We needed this pullback for continuation to the upside. The retest was a great buying opportunity, but of course you can still enter the market at the current price if you find a good setup on lower timeframes. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. When trading EURUSD, we need to consider the DXY index. This index is pretty bearish, and I will probably do an analysis on it as well, so make sure you follow me for more updates! The MACD indicator tells us that the trend is rolling over from bearish to bullish again. The histogram is ticking to the upside, which is of course a bullish sign. In conclusion, I am bullish on the euro, and I would take only longs for the next few weeks! Thank you, and for more ideas, hit "Like" and "Follow"! I post ideas mainly on BTC, so if you want more EURUSD ideas, support with like and comment, so I know I should continue!
Long
by UnknownUnicorn2537518
71
Elliott Wave C/3 Entry Model ExampleIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Elliottwave and Elliotwave 3/C Entry Model. This is the minimum you should consider doing when laying out,"on paper", your favorite/profitable trade setups. Especially if it is new to you. More can be added as you see fit. I left most of my other confluences off TBH.
Education
by CryptoKnee
BTCUSD → A logical correction will test a strong support area BITSTAMP:BTCUSD continues to form a global ascending price channel. The actual counter-trend correction at the moment does not indicate any change of trend, an adequate reaction to the strong resistance area formed back in 2021 is being formed. The price on the daily chart is forming a local support line 28850, a pre-breakdown consolidation and false breakdown is formed, there is no reaction in the form of a rebound, and the price continues to form a squeeze to the support. In the near future 28850 may be broken and the price will test 28450, a false breakdown is possible. Also within this correction the price may test the support of the ascending triangle and 200-day moving average. The price may technically decline in order to purchase the asset at more favorable prices. The cryptocurrency market emphasizes more on fundamentals than on technical analysis, it plays a secondary role in this partnership. Crypto players are waiting for some news to activate the movement in one direction or another. Interesting nuances recently: 1) Approval of the spot BTC-ETF will lead to billions of dollars of non-investment inflows into the market 2) The government has stepped up BTC protagging for June-July 3) Mainers collectively stopped selling and started accumulating BTC. Their reserves are growing 4) Minimal liquidity is accumulating strong consolidation. A surge in volumes may follow in the near future Strong support levels: 28850, 28450, figure support, MA-200 Strong resistance levels: 29650, 30575, figure resistance. This correction is a logical move in the market. The price can't grow all the time. I expect bullish activity after retesting the support area. Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
23
Bitcoin prediction 2028 (Fibonacci channel, must know)! This is my projection for the next 5 years. Bitcoin always rapidly grows after the halving event. But around 16 months after the halving event, Bitcoin started to crash significantly. On the chart, we can see a very important Fibonacci channel on the LOG scale. The 0.618 FIB is always a strong level, and bitcoin hit it almost to the dollar in 2022. Take a look at it! We deeply need to keep this Fibonacci channel in mind. The strongest FIB levels are 0.618 and 0.382. 0.618 + 0.382 = 1. Bitcoin loves these Fibos. Please do not expect some big parabolic phase to reach 500,000 USD in the next few months or years. This is not going to happen because you are too late for the exponential party. 100,000 - 120,000 in 2025 is a realistic target! Bitcoin is a good investment, and you can trade the major cycles. Buy low, sell high. It's easy to say, but it's not that easy for the majority of market participants. As per my calculations, the price of Bitcoin will be 1 million USD in 2044, which is 21 years ahead. In approx. 2140, all Bitcoins should be mined, and there will be no new BTC mined at all. Miners will receive rewards from the transactions of chain users. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"! Bear markets and crashes: 2011 - 93.75% 2014 - 86.94% 2018 - 84.22% 2022 - 77.57% 2026 - 71.67% ?
Long
by UnknownUnicorn2537518
119
FXSUSDT → Out of Range. It's up to the bulls BINANCE:FXSUSDT is squeezed within the consolidation boundaries of 7.174 - 3.910, but at the same time inside the range there is a prerequisite for a possible trend change and price strengthening A bullish pattern in the format of a "bearish wedge" is forming on the chart. The price is breaking resistance on the background of weak bitcoin. Investors are looking for potential in altcoins during a correction in the cryptocurrency market. Consolidation above 5.866 could form a bullish upside to 7.175, which would form a retest. In this case, the market will get the potential to break the resistance of the 7.175 range and further growth. There is no pronounced trend, the price is forming a sideways range based on the bottom of 3.910. The market may slowly but try to reverse. Support levels: 5.866, 3.910 Resistance levels: 7.175 I expect the formation of bullish support with the last retest of 7.175 aimed at the breakout of the range and further growth. Regards R. Linda!
Long
by RLinda
10
KNCUSDT → A break of resistance forms an impulseBINANCE:KNCUSDT breaks the resistance of the figure and forms the primary impulse. The resistance 0.726 is retested. The price moves to the realization phase. What to expect next? KNCUSDT is forming a bullish setup. The prolonged downtrend may break and change to a bullish trend. The price is retesting 0.726 in the phase of realizing the accumulated potential. If 0.726 is broken through, the growth to the key resistance 0.933 can be formed, which will separate us from the active growth to 2.200, as the area of 0.933-2.200 is empty and there will be no obstacles for the price. Recently, altcoins are increasing volumes and are active, which may show good potential in the near future. Support levels: 0.575, 0.495 Resistance levels: 0.726, 0.933 I expect a bounce from 0.726 and a possible retest of the previously broken figure boundary, but in the medium term I stick to the fact that the price can show excellent growth by tens of percent. Regards R. Linda!
Long
by RLinda
17
🥇 GOLD - Retest of market support, readiness to decline Gold breaks through the 1963 resistance, but as it turns out this maneuver is false. The descending price channel is contributing to the price action, while at the same time price is retesting the support area and retracing back to that area to test the breakout attempt. TA on the high timeframe: 1) Price is approaching range support. NFP related news may negatively affect the price 2) The liquidity area against which an entry point can be formed is around 1942. A breakout or false breakdown is possible TA on the low timeframe: 1) On July 27, the price tests 1942 and forms a rally to 1973, after which the price does not go further, but comes back and tests 1942 again, but now already updating the local bottom 2) After a few hours and a retest of the liquidity area 1950-1955, the price returns to the support retest. Most likely the market is negative. 3) A pre-breakout consolidation is forming, which may break the market support under the pressure of fundamental factors. Key resistance📈: 1950 Key support📉: 1942.5
OANDA:XAUUSDShort
by Gold-Tech
10
💱USDJPY - Correction before further growth USDJPY is strengthening, making a false breakdown of local trend resistance. A correction towards the key support area is being formed, a rebound is likely to follow TA on the high timeframe: 1) False break of 142.25 may form a rebound to 140.7 2) The price is updating the local maximum, we should not expect a strong fall, as the market has a key target of 144.69, most likely in the medium term we will see growth to this mark. TA on the low timeframe: 1) A bearish correction is forming. This movement may test both 141.9 and 140.7. 2) There is no talk of a trend change, there is a strong bullish trend on the chart and a smooth transition into consolidation is forming. 3) Locally we have a bullish trend and in our case we should look for support levels to open long positions. Key support📉: 141.95, 140.73 Key resistance📈:143.00
Long
by Gold-Tech
5
EURUSD → A false break of support could provide bullish momentumFX:EURUSD is forming a false breakdown of the support line. The price is still trying to hold within the bullish trend The false break of the trend support led to an increase in liquidity, after which a reaction is formed in the market, which brings the price back into the channel and confirms the false breakdown. The false breakout may be followed by a retest of 1.09480 which will signal that the price is not ready to rise and will start to fall. BUT! If the currency pair consolidates above the support line of the uptrend, the market will form the potential for strengthening. Moving averages act as resistance. Support levels: trend line, 1.0948. Resistance levels: 1.1033, 1.1075. I expect price consolidation above the support line, relative to which a false breakdown was made. After that I will wait for growth to the resistance. Regards R. Linda!
Long
by RLinda
13
Bitcoin - Bart pattern + Comment your altcoin!Make a comment with your altcoin below this idea, and I will give you my opinion/analysis of it in reply! Make sure you hit the boost button as well to participate. I will answer your comment with an analysis for you on the weekly/daily chart (long term). I start my analysis with Bitcoin: The bart pattern is a new type of chart pattern that occurs specifically on Bitcoin but sometimes also on other coins. It's something like pump and dump, but at the top of the pattern we have a sideways price action that looks like a Bart's head. Usually August and September are the most bearish months on Bitcoin, so I would not be surprised! Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! When we look at the daily chart, we can see an ascending parallel channel with 3 touches at the bottom. This indicates to me that the bulls are losing steam because they are unable to make a parabolic uptrend! There is still a possibility of going up to 32k - 33K in the short term, but this is something I don't want to speculate on. And even if Bitcoin could pump to these higher levels, the crash would follow either way. My Elliott Wave count suggests that a deep retracement is on the way up back to 20k or 21k, which is definitely a good price to buy as much Bitcoin as possible and prepare for the new bull market in 2024 and 2025. Also, you can open a long-term leveraged position on futures in this zone. We still need to wait around 8 months for the halving event, and that's plenty of time for a crash. We have a lot of unfilled FVGAPs and a CME GAP below the current price. They are going to be filled sooner or later. If we take a LOG fibonacci retracement from 16.3k to 31.5k, we can see that the 0.618 golden ratio is at 20303. The whales really like to buy BTC at this specific Fibonacci level, as it has the highest successful rate of all Fibonacci levels. This bart pattern looks pretty funny, but if you are on the wrong side of the market, it's definitely not funny. The price moves extremely fast, and you can wake up into a massive red dildo. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Thank you, and for more ideas, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
356
GOLD → Buyer weakness leads to a retest of support OANDA:XAUUSD is forming a false break of support after which a bullish impulse is developing, which is predictable, but within the framework of the local rally the price cannot update the local maximum, which may indicate buyer weakness A fall is formed after the establishment of LH 1972. The price breaks the 1959 level and forms a consolidation below the level. A consolidation in this area may form a potential for further decline, which may form another retest of 1948 support, and this movement will already form a potential for a possible breakout of this area with a further decline to 1933. After the breakout of the uptrend, a flat is formed and the price can stay within these limits for quite a long time, but there are no preconditions for breaking through the flat resistance or flat support. We are waiting for the price to approach the boundary and will follow the reaction. Support levels: 1953, 1948 Resistance levels: 1959, 1972. I expect the price to decline to the flat support. Further reaction to the level of 1948 will show the medium-term potential (rebound or breakout to 1933 is possible). Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
25
Bitcoin - Falling wedge will send BTC to 32k! (act quickly) The price of Bitcoin is currently forming a bullish falling wedge pattern, and we are very close to a breakout! Trade it properly. We can see that the price broke out of the strong horizontal line (at 29500), but the bears are weak and they are not able to continue in the downtrend. What is now likely is that the bulls are going to push the price back above the line and pump bitcoin to 32K! 32k is a strong resistance because of the ascending trendline, so make sure you take profit or open a short when the time comes! On the way up to 32k, we have some minor resistances, such as the previous unfilled FVGAP and 0.618 FIB retracement. Good for intraday pullbacks, but nothing huge. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. From the Elliott Wave perspective, we clearly see an overlapping structure in the downtrend. I marked it as WXY (double three pattern). Also, the X wave looks like a triangle, which suggests that the downtrend is almost over. This is my update on BTC. I expect higher prices for the crypto market in the next few weeks! Alt season is ready, so make sure you buy some altcoins if you haven't already, as per my previous analysis. Set up notifications for my ideas so you will be alerted in your email when I publish new analyses immediately! What do you think about Bitcoin? Let me know in the comment section; I look forward to your opinions! Thank you, and for more ideas, hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
115
GOLD → Prerequisites for a possible breakthrough of supportOANDA:XAUUSD forms a false breakdown of the specified resistance level of 1959.8. The fundamental factors of last week indicate the weakness of the instrument After a strong bearish impulse from the resistance of the 1983.7 range, a correction is formed aimed at retesting the 1959.8 area, the resistance is not broken and the price begins to decline. An attempt to retest the support of 1948 is being formed, which is a prerequisite for the market's readiness for further decline. The 1948 retest and the formation of pre-breakout consolidation near the level can form a potential at which the market can break support and decline by 1933. A reversal pattern is formed on D1, to confirm its implementation, the price needs to overcome the specified support. A bullish setup can appear only if the 1959 breakout and price consolidation above this line. Support Levels: 1948 Resistance levels: MA 50, 1959 I expect a 1948 retest with a possible breakthrough of support and further decline. Sincerely, R. Linda!
OANDA:XAUUSDShort
by RLinda
22
NZDUSD → Shake-up the support of the uptrend. Bullish potentialFX:NZDUSD forms a false breakout after retesting trend support, so we have the prerequisites for a new bullish movement. The price returns to the boundaries of the ascending channel after the support shake. Earlier, there was a shake-up of resistance, and the price fell to support. The price tests the Fibo 0.236 and forms a consolidation above this line, the support line also coincides. Consolidation of the price above this area will form a bullish potential, and in the medium term, the price may show strengthening. The global trend remains neutral, the local trend is still bullish. Moving averages may give a signal in the near term. Support levels: 0.236 Fibo, Trend support Resistance levels: 0.382 fibo, 0.6305 I expect the price to consolidate above this support area with further strengthening to 0.6305 or 0.6381. Sincerely, R. Linda!
Long
by RLinda
12
Bitcoin - Huge alt-season is starting! (buy altcoins) Bitcoin dominance is going down, and in confluence with this sideways price action, I expect a huge alt-season! It's a great time to buy some altcoins. We can clearly see that the price of Bitcoin is stuck in this rising wedge pattern. Because of it, generally, there is a higher probability of the price going down, but we still have plenty of time, and the price can stay inside for another 30 or 50 days. We need to wait for the rising wedge pattern to show us the direction. The trendline of the rising wedge is slightly ascending, which is unpleasant to the bulls for a breakout. It tends to make swing failure patterns above the previous high, but you can take advantage of it and short it. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I share my trades transparently and post trade setups privately. Trading Bitcoin on higher timeframes is currently not worth it because of its low volatility. You can still trade it on an intraday basis. But I prefer altcoins at this moment because the Bitcoin dominance chart (BTC.D) is showing some signs of weakness. Bitcoin broke out of the market structure in recent days but quickly went back up. So we need to be patient. To increase the probability of success, switch to altcoins! Litecoin's halving event is in 6 days, which should send the price to the moon. We will see... I am prepared for it. This is a quick update on BTC; I am not short or long on it. I trade altcoins! Thank you, and for more ideas, hit "Like" and "Follow"!
BITSTAMP:BTCUSDLong
by UnknownUnicorn2537518
138
BTCUSD → Price is forming a consolidation. Retest of 0.382 fiboBITSTAMP:BTCUSD is in the correction phase. The market is forming a decline in volatility to the lows of the last few months. Globally we still have an ascending price channel and a bullish trend. The price is declining to the limits of 0.382 fibo. Consolidation is formed above this line, in this case if the price continues to consolidate near 0.382 in the absence of a bounce, a breakout may follow and the price may decline to 28474 for a retest. A positive sign for us will be a rebound from 0.382 and a breakout of 0.236 with the subsequent consolidation of the price above the level, in this case the bulls will again begin to show potential and form a retest of resistance. The medium-term view of the situation tells us that this technical correction may continue, but not for long. The price is testing the important support area MA50 - 28474. In the long term it is worth paying attention to strong support levels, and secondly to the resistance, because in the uptrend it is worth looking for reversal points and entry points and breakout entry at these areas. Support levels: 0.382 fibo, 28474, 0.618 fibo Resistance levels: 0.236 fibo, 30575 I expect the correction to continue with a possible retest of 28474, but in the long term I expect continued growth to retest 30575 with a subsequent breakout and price movement to trend resistance. Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
29
EURUSD → The market is preparing for further decline FX:EURUSD is forming strong declines after the news on Wednesday and Thursday. The price is weakening by 2.95% amid the strengthening of the dollar On the chart I have indicated the current range with a width of 3.97%. The range boundaries are resistance at 1.1075 and support at 1.0635. At the moment the asset is within the ascending channel, but this is not important for us, we are interested in the ascending support line, which plays a key role for the price. We are interested in the price reaction to this line to determine further decline. We should wait for either a breakout or a false breakout, the signal for a set-up will be consolidation below or above the line. Accordingly, if the price consolidates below the level, the market will form an area for entering short positions Moving averages act as resistance Support levels: Trend line, 1.0948, 1.0835 Resistance levels: 1.1075 Most likely in the long term we should expect a decline, but a rebound is possible against this line before a further fall. The lower boundary of the range could be a medium-term target. Regards R. Linda!
Short
by RLinda
12
GOLD → Resistance Retest. Possible rebound before growth OANDA:XAUUSD amid FOMC speech realizes accumulated flag potential and strengthens, aiming for flat resistance, where it is at the moment Published today: 12:30 GMT Core Durable Goods Orders (downgrade) 12:30 GMT GDP (QoQ) (improving) 12:30 GMT Initial Jobless Claims (?) 14:00 GMT Pending Home Sales (improving) Overall there may be positive news for the USD, but it depends more on GDP & IJC. The reports of these releases will show the current situation on inflation. Gold may decline with positive reports in the US market, but since the metal is in an uptrend and in a bullish set-up phase, I think that after retesting the flat resistance, the price may test one of the nearest supports before rising further. The SMA is again forming a cross. Support levels: 1972.2, 1959.8 Resistance levels: 1983.7 I expect a storm in the market when the news is released. Report data may show a medium-term outlook. Gold chart so far gives hints of medium-term growth. Regards R. Linda!
OANDA:XAUUSD
by RLinda
22
ZENUSDT → Exiting a bearish trend. Growth potential by 15.00BINANCE:ZENUSDT is forming a prolonged bearish wedge. Numerous resistance retests are inconclusive except for the last one. Against the backdrop of falling bitcoin, ZEN is showing strength. The price after testing the bearish trend support consolidates and stops under the resistance at 9.66, forming an ascending triangle. Over the course of several weeks, price consolidates and continues to push up against resistance. At the moment of volume surge, the price moves from the accumulation phase to the phase of realizing the potential. A breakout of resistance and a bullish impulse is formed. A retest of the previously broken boundary or consolidation above 9.66 may be formed soon, which may give an opportunity to enter the market at a better price. It is also worth noting that the price is breaking the moving averages and this may indicate a trend change. Support levels: 9.66, the previously broken trend boundary Resistance levels: 11.4, 15.12 I expect the growth to continue after the breakout of 9.66. Medium-term outlook - strengthening to 15.12. Regards R. Linda!
Long
by RLinda
16
GOLD → Awaiting the FOMC & Fed press release. ↑ or ↓ ?OANDA:XAUUSD is realizing the potential of the "flag" pattern I talked about yesterday. The correction wave is ending and the price continues to strengthen Today, Wednesday, important news are published, we are interested in those that will be at 18:00 GMT from FOMC, FED. Current issues related to the rate and inflation, some representatives of this structure say that the rate may increase, and the temporary weakening of inflation may soon end amid geopolitical factors. The gold price breaks correction resistance and starts to strengthen, testing the 1970 area. Below is one of the key support 1969.3, the expected consolidation above the level may form a potential for bullish movement. Before the news I recommend to trade carefully and try to reduce risks. Moving averages indicate a neutral stance in the market before the news. Support levels: 1969.3 Resistance levels: 1973.5, 1983 If the news is bullish for the dollar, the surge in volume could destroy the gold's strength and in this case the price will move towards 1950, the technical analysis of the XAU suggests a continuation of the upside. Actually in this combination lies the difficulty. Regards R. Linda!
OANDA:XAUUSD
by RLinda
16