A Major Support Zone Holds Once Again Bitcoin just tapped into a key 4-hour support level, a zone where price has repeatedly bounced in the past. This area has proven to be a strong demand zone, with buyers stepping in each time price reaches it. What makes this level even more significant is that it perfectly aligns with the golden pocket Fibonacci retracement level, a key technical area where price often finds support before continuing its trend. As expected, BTC reacted strongly upon reaching this zone, showing a sharp rejection and bounce to the upside. This confirms that buyers are still actively defending this area, and as long as we hold above this level, the probability of a move higher remains strong. https://www.tradingview.com/x/gljUm1Re/ A Huge Imbalance Zone Above – Where Is BTC Likely Headed? Looking ahead, the most interesting aspect of this setup is the large imbalance zone sitting above the current price. When price moves rapidly in one direction without much consolidation, it creates an inefficiency or imbalance in the market. These imbalances tend to get filled over time as price naturally retraces back to these areas. In this case, there’s a significant imbalance above us, making it highly likely that Bitcoin will push higher in the coming sessions to correct this inefficiency. I’m targeting at least a 50% fill of this imbalance zone, as this is typically where price starts to show some reaction. This would put BTC at a critical decision point where we could either see further upside or a rejection back down. If buyers remain in control, we could see Bitcoin fully filling this imbalance, which would push price towards the 84-85K range, a key area to watch for potential reversals. What If Bitcoin Loses This Key Support? While the current reaction from support looks promising, we always need to consider the bearish scenario. If Bitcoin fails to hold this golden pocket level and strong support zone, it could open the door for a much deeper retracement. In this case, BTC could drop significantly, with the next major support sitting around the $72K level. This area represents a critical demand zone where buyers would likely step in more aggressively. A breakdown toward $72K would also signal a much larger corrective move within the broader trend, possibly shifting market sentiment in favor of bears. What Comes Next? Right now, Bitcoin is at a crucial point. The bounce from support suggests bullish strength, but the key test will be whether BTC can sustain this momentum and push into the imbalance zone. If we see a clean move into this area, I’ll be watching for potential short setups, as price often struggles to break through these zones in one attempt. On the other hand, if Bitcoin fails to hold above this golden pocket and key support, the next logical move would be a retest of the $72K region, where buyers will have another chance to defend the trend. For now, I remain cautiously bullish, expecting at least a partial fill of the imbalance before any major rejection. Let’s see how price action develops in the coming sessions! __________________________________________ Thanks for your support! If you found this idea helpful or learned something new, drop a like ? and leave a comment, I’d love to hear your thoughts! ? Make sure to follow me for more price action insights, free indicators, and trading strategies. Let’s grow and trade smarter together! ?
Fundamental Play: Current Price of NYSE:SPCE is at $2.77 with 35.53million shares outstanding giving it a current valuation of just around $98,500,000. SPCE has over $600 million in cash Reserves as of December 2024. Cash Value vs. Market Cap Cash and equivalents: ~$657 million Current market cap: ~$98 million That’s ~6.7x more cash than the company’s total market value. This means: If Virgin Galactic liquidated today and no other liabilities existed, shareholders could theoretically walk away with more than 6x the current share price. That’s an extreme case and not practical — but it gives a sense of undervaluation from a liquidation perspective Remember the company still has negative earnings, is burning cash rapidly ($115 to $125m a quarter), and has uncertain future revenues so there is room for a lot of speculation. They would need some extra funding or start making revenue soon. Very risky stock at the moment with an over 70% chance of bankruptcy. Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise. Feel free to give us a follow and shoot us a like for more analysis updates.
Based on DXY getting weak and EXY getting stronger, we are aiming to buy EURUSD. William Alligators mouth is fully open, giving opportunity to sit in trend and placing SL on it's jaw.
Hello Traders ! On Thursday 27 Mar, The Silver reached the resistance level (34.40000 - 34.86000). Currently, The support level (32.65 - 33.0) is broken ! So, I expect a bearish move? ________________ TARGET: 31.24000 Previous Analysis: https://www.tradingview.com/chart/XAGUSD/2JO7hqB8-SILVER-Important-Breakout/
ETH is heading for goblin town of $1540 as there's no support on the daily; the nearest major support is $1540 on the weekly chart. Look to enter $1860ish, but could wick up, so don't overleverage
Hearing rumors this could be the last buy for ETH until $1000-$900 price range !!! What do you think guys ?! Comment like & share
The chart posted is that of the NYSE NYA this is the only Elliot wave Structure that is BULLISH I have now moved into calls in the SPY 540 and QQQ calls 450 dec 2026 . This is a HIGH RISK TRADE BUT I AM WILLING TO TAKE A 25 % position the sp cash was at 5415and qqq were at BEST at 452 put call above 1 and vix above 28.5 the fear greed was at 9 best of trades WAVETIMER
I Created This BTCUSDT Chart Analysis In 1-H Tf Entry: BUY from 81600 Support zone : 81000 Target Will Be : 84100 BINANCE:BTCUSDT take support and it went to Uptrend, Let me know your thought in comments section
In doing long term analysis last year, I noticed that major waves 2 and 4 generally terminate at the 40 month moving average. So it appears that 472 is the current target. Keep in mind however that wave 5 will eventually take us to new highs. Then, - LOOK OUT BELOW
I have made significant profit from gold selling from above $3,161 to $3,086. Now it is just safe to wait for a closure below $3,053 to confirm bearish continuation and sell at a restest after some bearish chart pattern to further confirm and enter.