Bitcoin turned neutral again on its 1D technical outlook (RSI = 55.581, MACD = 979.600, ADX = 19.348) as it recovered last week's selloff and rebounded on its 1D MA200. Technically the pattern since 2024 is identical to 2020 as you can see on the chart above. The moment Bitcoin crossed again above its 1D MA50, a new hyper rally started. This suggests that a final target inside the 160,000 - 200,000 Zone is quite possible to take place. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Overall, gold was in a high-level oscillation yesterday. After a strong decline in the evening, it pulled up again. Judging from the strength of the Asian session, I think if it is not strong, gold may continue to fluctuate. I think if it really strengthens, I think the gold price must at least close above 2924 on the 4-hour chart to break the current oscillating trend. From the form, the hourly oscillation range is still not broken, and the pressure is around 2924-25. I think the Asian session is below 2924. Let's look at the pullback first, because at the current position, there is no room for bullishness. At present, we still follow the oscillation. If we break through the range, we will do it unilaterally. The idea within the day is to sell first and then buy.
- EURCAD broke multi-year resistance 1.5100 - Likely to rise to resistance level 1.5770 EURCAD currency pair is rising sharply after the earlier breakout of the powerful multi-year resistance 1.5100, which has stopped all upward impulses from the start of 2021. The breakout of the resistance 1.5100 accelerated the short-term impulse wave 3 of the longer-term upward impulse sequence (3) from the end of 2024. Given the clear multiyear uptrend, EURCAD currency pair can be expected to rise to the next resistance level 1.5770, the former major price barrier from 2020 and the target for the completion of the active weekly impulse wave 3.
Sellers have secured the lines of EMAs, where now we expect the price to drop even lower in order to establish some proper support zone. As we are about to enter the weekend market, we might see some manipulations on the way, but the end game is the same. We have set 2 possible scenarios for coin so let's see which way we will head from here. Swallow Team
Today's Breakaway pattern suggests the SPY/QQQ will attempt to move away from yesterday's open/close price range. Given the fairly strong downward pre-market trending in the SPY/QQQ, I'm cautiously optimistic we will see a fairly strong MELT-UP in price related to the recent support/rejection levels near 575. I'm urging my followers to be cautious of the first 30-60 minutes of market activity today. Jobs data (or other data) could disrupt price after the open and I believe price will be very volatile in the first 30-60 minutes of trading today. In other words, price may try to SHAKE-OUT early positions with wild volatility before settling into a MELT-UP or MELT-DOWN trend. As I shared in my video, today's BreakAway pattern could break upward or downward. I believe the upward trend potential has about a 60-70% chance of happening IF the 575 level holds as support. If not, then we will probably break downward. The fact that BTCUSD is holding up quite well suggests the SPY/QQQ may actually MELT-UPWARD. Again, we need to see how things play out in early trading today. Gold & Silver are consolidating into a range which may continue over the next 3-4 days. The current bias for Gold and Silver is an uptrend. So, I do believe metals will continue to appreciate throughout this 3-4 day consolidation phase. The only reason I urge traders to stay cautious for the first 30-60 minutes is because of the Jobs data and how the markets may react to news items. You can't kick the markets to go in a certain direction. So, often, it is better to let the morning SHAKE-OUT happen, then wait for more clear trending to setup. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
- USDJPY under bearish pressure - Likely to fall to support level 146.00 USDJPY currency pair is under bearish pressure after the earlier breakout of the support zone between the support level 148.60 (the former monthly low from December) and the 50% Fibonacci correction of the upward impulse from September. The breakout of this support zone accelerated the C-wave of the active ABC correction (2) from the start of January. Given the strongly bullish yen sentiment seen today, USDJPY currency pair can be expected to fall to the next support level 146.00, the target for the completion of the active ABC correction (2).
ALGO: The price is currently testing the 61.8% retracement level, which is the last relevant support level for wave 4 in the white scenario. While the idea of a fourth wave pullback will not be invalidated below this level, other interpretations will become more likely. The orange scenario allows for the interpretation that a long-term price top has been established, but this is currently not yet seen as preferred scenario. A wider wave B correction would be a likely alternative, should the price break below $0.20. However, due to the questionable chart context, such as a 5-wave move down into the 2023 lows, I do not expect new all-time highs to be reached in this cycle.
3.6.25 this is a morning video and this was done purposefully so we could project where the market might go later this morning. I'm looking at four markets but I can't remember the fourth one. this is an exercise in following 2 bar reversals to look for change of Direction in a market and also trying to decide what the target should be. it's an exercise in trying to find a trade with a small stop and a Target that we can consider before we push the button to take the trade. and other words it has a built-in entry, stop and Target....... but it's not perfect.
Price created a break of structure preceeded by a fair value gap, which was followed by a retracement to the order block where my buy limit was
S&P500 is bearish on its 1D technical outlook (RSI = 34.564, MACD = -60.140, ADX = 38.870) as it unfolded the bearish wave of the long term Channel Up. The sequence has hit its 1D MA200 though, which is the major Support on this timeframe and being also the bottom of the Channel Up, we should be expecting a rebound. The first bearish wave of the Channel Up surpassed the 1.382 Fibonacci extension, so that is a valid technical target. The trade is long, TP = 6,300. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##