Sober_Trading

Sober_Trading

Bitcoin has formed a bearish descending channel following a sharp bearish spike, indicating continued downward momentum. Currently, the price is showing signs of recovery and may rise towards the channel base around the $97,000 resistance zone. This resistance zone, marked by previous rejections and high selling pressure, is a critical area to monitor. It offers...

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Technical Analysis: BINANCE:LPTUSDT has recently shown significant bullish momentum, marked by high trading volumes and a strong upward movement. The $10 level has acted as a robust support zone, providing a reliable stop-loss point for spot buyers. Based on these technical indicators, there is a strong expectation that LPT will break through the $24...

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Technical Perspective: BINANCE:MOVEUSDT has successfully broken through a significant resistance zone, a bullish indicator of strong upward momentum. Following this breakout, the price has entered a consolidation phase above the previous resistance, effectively turning it into a robust support zone. This price action indicates accumulation and provides a solid...

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In the 4H time frame, OANDA:XAUUSD remains bearish. After breaking the support trend line and consolidating below it, further declines are anticipated. Liquidity above Friday’s high has been hunted, signaling a potential start of a bearish move from this zone. 📉 TVC:GOLD

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This could be a promising opportunity to buy Bitcoin. The ascending channel remains intact, and we might see a rise to at least the $102K pivot zone or beyond. A strong setup for a buy position! BINANCE:BTCUSDT

Sober_Trading Updated 

RSI divergence at the top of the ascending channel hints BINANCE:BTCUSDT may hunt liquidity at lower levels before tomorrow’s FOMC news. BITSTAMP:BTCUSD

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In this falling wave, BTC has made a slight correction, presenting a great chance for a quick sell. I'm targeting a swift drop. Stay tuned for updates! 🎯💹

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OANDA:XAUUSD has shown three falling legs, with bearish momentum weakening each time. The $2630 zone acts as strong support, signaling a potential pump toward $2640 and beyond. A good opportunity to BUY before the FOMC meeting! 🚀

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After breaking the bearish flag and completing a pullback, Gold can fall further. Targets are below $2640. Check the previous idea – spot on! Stick to this setup for the next leg down! 📉 OANDA:XAUUSD

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OANDA:XAUUSD hunted significant liquidity above $2720 yesterday and has since shown strong bearish momentum. The recent consolidation phase has now broken to the downside, presenting an ideal selling opportunity for the next leg lower. Stay alert!

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Technical Perspective: TVC:DXY experienced two significant bullish legs in October and November on the daily time frame. However, the index started to fall sharply at the end of November, and this bearish momentum remains strong. On the 4H chart, DXY reached a key resistance zone and faced a significant rejection with notable bearish momentum, signaling...

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OANDA:XAUUSD Gold (XAUUSD) experienced a decline during the Asian session, lacking the strength to break into new highs. After completing its second bullish leg, the chart indicates the potential for a downward move in the near term. 📉

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BINANCE:BTCUSDT saw a strong pullback after reaching the $104K zone, hitting the support at $98K. I expect a bounce from here to target liquidity above the last ATH. Let’s see if it plays out!

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When it comes to market sentiment, a popular saying is, “When everyone is on the same side, it’s time to go the other way.” This concept aligns with the contrarian trading strategy, where savvy traders often position themselves in the opposite direction of the majority. Currently, with widespread excitement and optimism about a potential BTC bull run, it’s...

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OANDA:XAGUSD is showing strong bullish momentum, particularly as we approach late October 2024. On the technical side, the current chart presents a series of three bearish pullbacks, each one weaker than the last, suggesting the bearish trend is losing strength. Silver has now reached a key support zone, which aligns with the end of the bearish phase and a...

Sober_Trading Updated 

BINANCE:BTCUSDT has done exactly what we predicted. It rose and caught liquidity over the resistance zone. Now, it's showing signs of a potential fall. Keep an eye on the two support zones on the chart for potential price action signs. COINBASE:BTCUSD

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BINANCE:DOGEUSDT Doge has completed a 40% rally in just a few days, grabbing liquidity above a key high. Now, we can expect a pullback from this resistance zone. Keep an eye on price action for potential corrections.

Sober_Trading Updated 

COINBASE:BTCUSD has broken through the falling trend lines, signaling potential for further upward movement. The next major target is the liquidity behind the resistance zone, likely driving the BINANCE:BTCUSDT price towards the $70K zone. Stay tuned for this breakout! 🚀