XAUUSD market is moving now at 2624 and it is showing DOWNTREND on H1 candle now we can observe it moving If H1 candle consolidates under 2630 so we can go for SELL with our very 1st target at 2615 and then we go on long target 2610 to 2600 0n its SUPPORT AREA
What numbers are telling about the macroeconomic conditions around GBPUSD pair? GBIR 2.3% GBINTR 4.75% GB02Y 4.4% Basically, UK is not facing hard challenged as EU currently facing, which means GBP has stronger grounds against the USD strengthening. Still I expect GBPUSD to visit 1.2300 and 1.2000 levels before evaluating market's next direction of trend. There will be 2 major contributors to the GBPUSD fall. 1. Shrinking EU economy. As GB has strong economic ties with EU falling Euro will also drag GBP down partly. 2. Tightened monetary policy. Currently inflation rate in UK is not far from the target rate which is 2%. However, lending rate of BOE is high, sitting at the level of 4.75%. Considering that the current Labour government will boost construction and development industries business will need to be able to obtain cheaper borrowing, as current rates is against the tide of the targeted housing developments. BOE will decrease the rates probably 4 times and I believe in the correlation with FED in 2025 which will boost GBPUSD to continue its downtrend. Currently, we are watching for sell trade opportunities in GBPUSD on lower time frames.
This trade can do a good risk to reward ratio But if price breaks outta channel - it will be amazing return.
Since the end of 2017, the Bitcoin has been moving in a healthy channel up to this day, touching the upper trendline of the channel twice as often as the lower one, while nicely reacting to the Fibonacci levels of the channel. Currently, it is still moving within this practically all-time bullish channel. However, as a result of the Trump-jump, it has now reached the upper trendline of the channel for the fourth time. It is very important to understand that this channel is essentially BTC’s main channel of all time. While the breakout prediction for this bullish channel would theoretically be bearish, such an event would be, to put it mildly, an epic occurrence in BTC's history. We've seen similar moves in BTC's past—for example, the cup and handle formation, which developed over three years, with the “handle” portion essentially formed throughout most of 2024. Similarly, a characteristic of this main channel was the double top structure in 2021, which established the lower boundary of the channel and had notable head and shoulders formations at its peaks. Why is all this important for the period ahead? As I mentioned, we are currently rebounding from the upper line of the main channel since December 2024. By now, everyone has come across the dreaded "correction expectation." And not without reason. The question is whether the current movement is a normal small-structured channel movement or part of the almost expected correction? Perhaps both at the same time. It’s well-known that movements within larger channel structures also exhibit fractal-like channel behavior—smaller channels of various directions form complex larger channels. On BTC's higher timeframe chart, it’s evident that we reached the upper line of the main channel within another channel, the parent structure of which was the channel lasting from March to November 2024, from which BTC broke out healthily. Currently, BTC is moving within this smaller channel and seems to be heading toward its lower trendline, approximately below the 90,000 level. Things become interesting when this lower line is reached since this subchannel is also a bullish channel with a 78% bearish breakout projection. Should BTC break out from this, we would be witnessing a long-overdue correction in BTC's history, with the Fibonacci levels of the main channel determining the extent of the correction. Considering the history of the main channel in terms of Fibonacci levels, there’s no guarantee that the 61.8% level or the median will hold. I won't put more energy into this scenario—let’s bite our nails when it happens. ? More likely scenario: In my opinion, a more probable and fundamentally sound scenario is that BTC remains in the subchannel. With January 19 approaching, it could head toward both the lower line and the upper line of the main channel, targeting the 110,000 level. Either way, we’re in for an exciting January! For those getting too anxious, remember the words of Virginia Viadura: "Don’t worry kid, they’ll store it!"
After all the Downside #Alerts, I figured I'd try to #Happy things up with a Tesla Idea for y'all! Notice declining sell volume... Notice back to back #FlagPoles... Notice #Elon NASDAQ:TSLA doing Tesla things frfr lol (Very 2020-2021esq)... I sense a #ShakeOutB4Breaout #Soon @ 380ish I would buy some OTM Calls on NASDAQ:TSLA on $550 Strike's... Dates #TBD Looking for continued weakness slow grind down short-term. Looking to enter calls on #BigGREENDay / #Stremf (Strength ... Always Teste...) in mid term... New Price Target (POST SHAKEOUT) - $550-$600 -Prophecies (#StayPaytient) PS; If it acts, looks, sounds, and feels like a bullflag, it's probably a bullflag.
I think what I have shown is a good scenario to prepare for. Not necessarily shorting at the area shown but instead preparing for a long trade on the third tap of the lower trend line in convergence with a couple of other ascending trendlines as shown.
The channel’s support and resistance lines (marked in red) highlight the potential range for price movement. The current price is at $94,005 and is expected to continue its zigzag movement within the channel. The next target could be $96,000 - $97,000 as long as the channel holds. If the price breaks below the channel's support, it may test the $93,000 level or lower. Key Points to Consider: Confirm any breakout with RSI or other indicators. Fundamental news or macroeconomic events can significantly impact price action.
The weekly chart looks pretty similar to 2020 right before it went parabolic Not financial advice.
A bearish divergence is visible on the 15-minute chart for XRP/USDT. While the price is forming higher highs, the RSI indicator is showing lower highs, indicating waning bullish momentum. Key Observations: Resistance Zone: $2.33–$2.35 (current local high). Support Levels: First: $2.28 (recent consolidation area). Second: $2.07 (previous key level). RSI Trend = Divergence shows the possibility of a short-term reversal. Potential Scenarios: 1) Rejection at Resistance: If the price fails to break above $2.33, I expect pullback until next support $2.18 and $2.07 2) Breakout Confirmation: A move above $2.37 could invalidate the divergence and lead to further bullish continuation.
Hi traders happy new year,this is my first analysis for bitcoin,according to my view and strategy am seeing a local pull back,for possible strong gain from march,I am a buyer but now am seeing temporary pull back,in order to not overthinking let's maintain the trend and understand pull small pull back and strong pull back,in my view of site this sell is not yet a good sell to sellers until 80k support broken we can start predictions if more sell,am in a growing side and maintenance of normal pull back am expecting bitcoin to grow 250k if possible this year,soo be smart in enough to understand wha is moving and why,i will start to look for buys around 80k_85k for now am waiting for price action to take place,I wish you all profitable year be profitable ? ?