Bitcoin has turned neutral on its 1D technical outlook (RSI = 50.096, MACD = -559.600, ADX = 41.025) as it is rising aggressively today and just hit the 1D MA50. This is its major Resistance level, which when crossed has caused the two main rallies of 2025 so far. The first (Dec 30th-Jan 7th) crossed the 0.618 Fibonacci before pulling back, while the second (Jan 9th-Jan 20th) made a full +20% rally. As you realize, if we do get a 1D candle close over the 1D MA50, the target for the modest scenario of Fib 0.618 is TP1 = 103,500 and if it continues (which as some point it will since the Bull Cycle has at least another 6-9 months more) for the good case scenario of +20%, the target will be TP2 = 113,000.
The continued grind to the downside led me to a count change. I'm now considering we're in green IV, and still expect a new ATH before any major reversal.
Based on my analysis, I believe the following scenario is the most probable for the coming weeks. From a fundamental analysis perspective, it appears that the Federal Reserve (FED) is likely to maintain it's rate for the following months and later on. But on the other hand, the European Central Bank (ECB) may continue to decrease it's rates consecutively. Given this divergence in monetary policy between the FED and the ECB, the EURUSD pair is expected to oscillate within a downward trend structure. One of the more sophisticated scenarios for this downward structure is illustrated in the attached chart.
Good morning my fellow Cryptocurrency trader, let's consider some simple signals for this one; Shrapnel, SHRAPUSDT. The market has two main directions, up and down. Always, without exception, the market moves down after going up for a while. The market moves up after going down. Periods of growth are followed by periods of contraction. Periods of contraction are followed by growth. A bull-market always precedes a bear-market. A bullish wave comes after a bearish wave. Here SHRAPUSDT is coming out of a major bearish phase. A declining market. Based on the logic above, we know that a bullish phase follows next. Based on TA we have: A strong daily candle and bullish breakout, high volume above the daily average and a rounded bottom pattern. Today is the third consecutive day with green, positive bullish action. SHRAPUSDT is moving above EMA13, EMA21 and EMA34. All these are bullish signals. These signals are pointing towards a new bullish wave. The chart shows an easy target of 950% for the initial advance. But overall, this pair can go higher, much higher by the time the bull-market ends. We have early entry timing. Thank you for reading. Remember to do your own research and follow your own strategy. Patience is key to win. While risk is low, some trades can take months to move in our predicted direction. On the other hand, some trades can start to move within days. Choose wisely. Thanks a lot for your continued support. Namaste.
Nifty is looking neutral , we can expect small range movement throughout the week. Not expecting nifty to breach 22600 on the downside and 23500 on the upside. Expecting green candle formation. on weekly charts in the upcoming week.
In its current state, it has been stuck in the $2.25 - $2.9 range for months. In order to continue the uptrend and work the flag formation, it must first rise above $2.9 and then make a new ATH. In its current state, it is expected to go back and forth between $2.25 - $2.9. I am following the support and resistance levels I marked on the chart. If $2.25 is lost, these formations will not work. In the uptrend if it happens, my possible new ATH (taking profit) targets are: $3.5 - $3.9 - $4.5 - $4.9 - $5.5. The big flag formation target is between $10-11. For now, I am holding for the more realistic targets of $3.5 and $3.9. If things go well for XRP for those who want to hold for the long term, for years, why not a $10 target. But no one can know that. This is not investment advice.
Since February 25, the DAX has surged by 7.24% without a meaningful pullback, suggesting potential overextension. Coupled with emerging bearish technical indicators and unfavorable economic fundamentals, this presents an opportunity for a short position. Fundamental Analysis: Germany’s economic landscape is currently facing several challenges: • Economic Slowdown: The government has slashed its 2025 growth forecast to 0.3%, down from the previous 1.1%, citing trade tensions and domestic uncertainties. • Industrial Strife: Major companies are implementing job cuts and factory closures to manage rising costs and global competition, leading to increased labor disputes and uncertainty over Germany’s manufacturing sector. • Political Uncertainty: Upcoming European and local elections have intensified debates over economic policies and migration, contributing to market volatility and investor caution. Trade Details: • Entry: 22,611 • Stop-Loss: 23,000 • Target Zone: 21,800 - 21,600 • Partial Profits: To be taken at key support levels The confluence of technical signals and economic headwinds suggests a potential correction in the DAX. This short trade aims to capitalize on the anticipated pullback, with risk managed through a well-placed stop-loss and planned profit-taking at identified support zones. Next week will be critical for the Eurozone, with key economic data releases shaping market sentiment. Investors should particularly watch the PMI data on Friday, which could significantly impact expectations for the region’s economic trajectory. Stay informed and trade responsibly. Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Describe Your Opinion On Your Direction Based Off The ANALYSIS Above.
https://www.tradingview.com/x/Jx9PUFfU/ next week sp500 drop ?
The SET:SONIC chart is also very interesting. I believe the second scenario is more likely, so keep an eye on it.