Overview: Bitcoin has displayed remarkable strength in the past few months, approaching critical levels in its long-term ascending channel. The current price action reflects bullish momentum, but there are key levels to watch for potential corrections or continuations. Here’s my detailed analysis based on this weekly chart. Key Observations: Ascending Channel: BTC is trading near the upper boundary of a well-established ascending channel, which has historically acted as resistance. If this boundary is broken with strong volume, the next potential target lies around $116,000. Structure Levels: A Weak High at $102,000 indicates the possibility of a short-term pullback before testing the resistance zone. Break of Structure (BOS) and Change of Character (CHoCH) signals confirm bullish dominance, but corrections are part of healthy price action. Moving Averages: The 50-week and 100-week moving averages continue to slope upward, with price trading well above these levels, signaling a strong bullish trend. Any retracement could find support at the 50-week MA or the mid-range of the channel. Support and Resistance Zones: Resistance: $102,000–$116,000. Support: $76,000 (Golden Pocket) and $64,000. Indicators: RSI is currently overbought at 75, indicating the potential for a cooling-off phase. MACD shows bullish momentum but hints at overextension as the histogram peaks. Projected Scenario: Scenario 1: BTC tests the Weak High at $102,000, faces rejection, and consolidates near the mid-range before attempting to break higher. Scenario 2: BTC breaks out of the ascending channel, initiating a parabolic move toward $116,000. Potential Risks: A failure to hold support at $76,000 could lead to a deeper correction, testing key structural levels like $64,000 and $42,000. Macro factors such as interest rate decisions or global economic uncertainties could heavily impact sentiment. Conclusion: Bitcoin is in a strong bull market phase, but caution is warranted near the upper boundary of the channel. Traders should monitor key levels and volume for confirmation of breakout or rejection. A pullback to the mid-range could provide an excellent buying opportunity for long-term holders. Would love to hear your thoughts—do you expect a breakout or a correction? Let me know in the comments below! Disclaimer: This analysis is for educational purposes only and not financial advice. Always do your own research before making trading decisions.
I am expecting long entry from mentioned areas, Reasons Clear change of character Clear liquidity grab
The BONK/USDT pair on the H4 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming Days. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around Breakout. Target Levels: 1st Resistance 2nd Resistance Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Cup and Handle Pattern Identified Early We successfully spotted the Cup and Handle pattern from the beginning, and the price moved exactly as outlined in my previous analysis https://www.tradingview.com/chart/USDT.D/2lzZJuJ5-USDT-D/ . However, I may have forgotten to highlight an important point: there’s a rejection zone (Order Block) where the price is expected to bounce slightly. But don’t worry—this order block is not strong enough to sustain a significant reversal. The price will likely rise a bit before continuing its movement. So, don’t panic if you see your assets dropping today. This is simply the natural flow of the market. Prepare for further downward pressure as the dominance of the dollar strengthens.
Previous post: https://www.tradingview.com/chart/DOGEUSD/BGo5FB6Z-DOGE-Only-Concern/ After we have had more time to develop structure the market is leaning towards this being a rising wedge pattern. We are also seeing the daily RSI get rejected at the 70 which is exactly what we were watching for in the last post. If price comes down from here we will see if buyers can hold our lower green line again. If we lose that level, price is likely to fall in the black box.
Based on the H4 chart analysis, we can see that the price is approaching our sell entry at 0.8798, which is a pullback resistance close to 38.2% Fibonacci retracement. Our take profit will be at 0.8713, a swing low support level. The stop loss will be at 0.8854, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com/au): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com/au Stratos Global LLC (www.fxcm.com/markets): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USDCAD formed an wedge which is a reversal pattern indicating a trend change. The market is forming a H&S which is a confirmation for a potential bearish move. SL above the head.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
SEI also has broken down from the pattern we have been monitoring. Will update buying opportunities once the breakdown is complete.
I was more bearish EURUSD last week towards the end of the week. On Friday it made a new high before coming down. Price action points to the downside on daily, though on weekly it is a doji, which IMO could indicate just a consolidation after the previous up move. I will be looking for downside before any bullish confirmation (that is, could see buyers come in later in the week). For today, a re-test and rejection off the PZ could see a move lower to target 1.0515 and 1.0490.