This week's forecast is for a rise, with the target in the area of 73.03.
https://www.tradingview.com/x/OTNcDpzN/ Hello,Traders! BITCOIN has formed a Bearish flag pattern and Then made a breakout and A retest and now we are Seeing a move down again So we are locally bearish Biased and we will be Expecting a further move down Sell! Comment and subscribe to help us grow! Check out other forecasts below too!
Morning folks, So, BTC was not able to stay above predefined support area and drop right back to the daily 92-95K level. It means that existing bullish context on daily chart is done. In general, this is reasonable - we're going to the Xmas Holidays and inauguration. There are a lot of uncertainty with coming D. Trump policy. Especially when JPowell said that the Fed doesn't intend to own any BTC... so inner conflict is ready. So, retracement might be deeper in nearest month. Since BTC is overextended down a bit, the first thing we expect upside technical bounce, somewhere to 101-102K area. Then, if we're correct in our analysis, downside reversal should happen with potential H&S pattern.
Daily line chart easiest long swing trade of 2025 :) if we get there ofc
CAPITALCOM:GOLD - **Sell Entry**: 2639 - **1st Target**: 2619 (Profit: 20 points) - **2nd Target**: 2606 (Profit: 33 points from entry) For better risk management, consider setting a **stop-loss** above a nearby resistance level (e.g., 2645 or 2650, depending on volatility).
On USD/JPY , it's nice to see a strong buying reaction at the price of 155.340 and 154.640. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Dale
BINANCE:BTCUSDT ALEXGOLDHUNTER Chart Analysis: Bitcoin (BTC) vs Tether (USDT) on Binance (1-Hour Timeframe) Key Levels and Zones Strong High: Around 96,570 USDT Swing High: Around 95,596 USDT Swing Low: Around 94,400 USDT Order Block (OB): Around 97,340 USDT Break of Structure (BOS): Indicates potential reversal or continuation Change of Character (CHoCH): Indicates trend reversal Fibonacci Retracement Levels 0.786: 96,570.2239 USDT 0.705: 92,474.48075 USDT 0.618: 95,596.8307 USDT 0.5: 95,225.995 USDT 0.382: 95,095.1593 USDT Buy Strategy Entry Point: Look for a bullish reversal pattern or strong bullish candle near the support level around 94,400 USDT or the 0.382 Fibonacci level at 95,095.1593 USDT. Confirm the trend reversal with a Change of Character (CHoCH). Stop Loss: Place a stop loss below the recent swing low at 94,400 USDT to minimize risk. Take Profit: First target at the 0.618 Fibonacci level at 95,596.8307 USDT. Second target at the strong high around 96,570 USDT. Final target at the order block (OB) around 97,340 USDT. VIP Signal Format (lowercase) entry: 94,400 USDT tp1: 95,596.8307 USDT tp2: 96,570 USDT sl: 94,000 USDT Disclaimer This analysis is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk and may not be suitable for all investors. Always conduct your own research and consult with a professional financial advisor before making any trading decisions. Follow @Alexgoldhunter for more strategic ideas and minds
Bitcoin is showing some signs of weakness where last week we had a full dominance of sellers taking over the ATHs zoen and price dumped around 14-15% since then. The upcoming weekly candle will be an important one as we will see who will manage to maintain this zone, whether sellers will secure this zone and lead the price back to the local support zone (which would be an ideal zone to buy everything) or buyers will try to take back the dominance and lead the price back to ATH before the end of 2024. We are looking more for that first scenario!! Swallow Team
FX:EURUSD has pulled back after a strong move down, testing the resistance and downward trendline around 1.04500. Overall, the price action is clearly bearish, making lower lows. However, it recently formed equal lows at a previous support level, which could indicate that the price might struggle to make new lows at this levels. We may see the price create a triangle pattern just above the support before continuing bearish movement. Given that the weekly candle is bearish, it makes sense to expect the price to continue moving lower below the previous month low at 1.03315. My goal is support zone around 1.03450 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ??
Maybe it's a bit of a busy drawing. But I wanted to show why I think we may be correcting and why this is very healthy for the bull market. It seems that after the larger correction we have now completed 5 waves and we also have to correct this wave. That is the phase we seem to be in now. Now I have 2 expected positions where the correction can go. I think that we will not correct very deeply and will therefore not reach 50%, but that we will correct up to fib 618. So possibly just under 90k. Unfortunately, no Christmas run is expected. But just a super healthy correction that we don't have to worry too much about. The altcoins also seem to be less willing to participate and we seem to be settling in for the bull run. Be kind to the world and each other!