Bitcoin is forming a correction and has scared retailers out of the market, so this could be the perfect momentum to catch before it makes a bigger movement to the upside.
Ethereum at long term support. FIB 0.382. Support infraction is likely to lead to a failed low and bounce. Good R/R for buying under 1900$. >30% likely upside. DYOR - High-risk trade. Not for the faint hearted ;) Good luck.
Will Ethereum end its downtrend? Ethereum has been quite weak for a long time and is currently at an important support level. If it breaks down further, a sharp decline may continue, but if it holds the support, the upcoming period could be more positive. Many cryptocurrency dominance charts, as well as Nasdaq and stock charts too, showing the same pattern. Is the reversal starting? We’ll see. This is not investment advice. Please do your own research. Wishing you best. -YusufDeli
BTC is at good place to buy. good pullback expected. BINANCE:BTCUSD BINANCE:BTCUSDT.P
Potential Trade Ideas: 1. Retest & Sell Setup: • If price pulls back to 190.000 and rejects, this could be a strong sell entry targeting 188.800 or lower. 2. Breakout & Continuation: • If price breaks and closes below 188.800, expect further downside, with targets at 188.000 and potentially 183.750. 3. Bullish Scenario (Low Probability for Now): • If price closes above 190.000, consider bullish setups back to 191.500 or trendline resistance.
✅ USDCAD formed a clear rising wedge pattern, signaling a potential bearish move. The price is expected to decline slightly from this level. Canadian economic data showed stronger-than-expected results, including a better unemployment rate, higher Ivey PMI, and a strong trade balance, boosting the CAD. In contrast, U.S. data revealed a higher unemployment rate and weaker Non-Farm Payrolls, putting pressure on the USD. SHORT ? ✅ Like and subscribe to never miss a new analysis! ✅
SP:SPX confirming trend reversal on high time frame as it attempts to breach the 50 weekly MA for the first time since the start of the 2022 bear market. Macroeconomic environment is full of uncertainty and recession signals, with POTUS Trump openly confirming that some short term pain in assets is needed for the US economy to reset and go on a better path forward.
Follow up on the analysis I did on this pair .. will wait and see
? S&P 500 – Is Wave IV Nearing Completion? According to Elliott Wave Theory, the S&P 500 is currently in an impulsive structure, and it seems to be completing Wave (IV) in a larger degree. Typically, Wave IV retraces near the Wave IV of Wave III, which aligns with the corrective zone in this analysis. ? Two Possible Scenarios: 1️⃣ Conservative Approach: If price remains within the 23.6%–50% Fibonacci retracement zone, we can expect Wave IV to complete soon, leading to the start of Wave V in the impulsive structure. 2️⃣ Aggressive Scenario: If the price breaks above 6147.43, this wave count might no longer be valid, and an alternative structure (such as an ending diagonal) could be forming instead. ? Key Level to Watch: The invalidation level for this scenario is 5122.40. As long as price stays above this zone, there is a strong possibility of an extended Wave V, with Wave 1 already completed and Wave 2 correcting within the 50%–61.8% Fibonacci retracement range before a potential bullish continuation. ⚠️ Alternative Possibility – Complex Correction? While this count follows Elliott Wave principles, we should also consider the possibility of a complex correction (WXY or a triangle formation) before confirming a bullish move. ? Final Thought: With the equality of Waves I & III respected, the impulsive structure remains valid unless price enters Wave I territory. Otherwise, we might be looking at a different formation. ? What’s your view? Do you agree with this analysis, or do you see an alternative setup? Drop your thoughts below! ??
The market fluctuated and was complex, but gold responded accurately to my prediction. It rebounded quickly after reaching the area around 2980, and every step was performed as expected.