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Support and Resistance

Incoming $1trillion dollar correction for crypto people... ** weeks ahead ** Is the market top in? This next move in the market will certainly convince the crypto folks that it is. According to social media, Youtube influencers etc.. the bull run is just beginning. That is in despite of a swathe of News article headlines “Bitcoin reaches new all time high $100k” and the janitor I have not spoken to in 10 years asking me if I'm buying Bitcoin. The signs are there. On the above 6 day chart, the TOTAL crypto market capitalisation, currently 3.57 trillion dollars price action has risen 46% since the November breakout. A number of reasons now exist for a bearish outlook: 1) Price action and RSI support breakdowns. Indeed the November breakouts requires confirmation of support on past resistance to allow for continuation. That's a long way down. 2) Support is exactly $1 trillion below at $2.57 trillion. 3) Price action is at a significant Fibonacci extension, look left. 4) This signal is found across the entire crypto market on both 6 day and weekly charts, in other words there is confluence across timeframes. That is important. Is it possible speculators keep throwing good money after bad in the hope price go up? Sure. Is it probable? No. Ww Bulls make money. Bears make money. Pigs get slaughtered. TOTAL3 - Hanging man OTHERS total - Hanging man
CRYPTOCAP:TOTALShort
by without_worries
21
TradeCityPro | MAGICUSDT Market Correction and Fear!👋 Welcome to TradeCityPro Channel! Let’s take a look together at a so-called bloody day in the market, as some friends call it, with a quick glance at the chart to analyze the events and help you make more thoughtful decisions without acting on your emotions. 🌟 Bitcoin Overview Before starting the analysis, as usual, let’s take a look at Bitcoin. On the 1-hour timeframe, Bitcoin is experiencing red candles with high volume, indicating that it is currently correcting on its higher timeframe. However, this event is accompanied by an increase in Bitcoin dominance, leading to more significant altcoin sell-offs. Naturally, altcoins are seeing larger red candles and experiencing steeper declines. But does this mean that the trend is changing? From my perspective, no, and as long as Bitcoin remains above $80,000, we are still bullish and have no reason to exit. These red candles are merely corrections, which are entirely natural, as the market hasn’t seen any significant profit-taking since Bitcoin broke above $73,000. Make logical decisions, and during a bull market, don’t sell your assets prematurely unless they hit your predefined levels. 🌞 Daily Timeframe On the daily timeframe, MAGIC broke out of its 112-day range and resistance at $0.4302, moving toward the $0.7130 resistance, almost matching the size of its previous range. Typically, the risk-to-reward ratio of patterns leads to the formation of significant support or resistance levels, shaping collective decisions. After facing rejection and forming a lower high, MAGIC broke below $0.5573 and returned to the weekly box and support at $0.4302, which can act as a strong support for slowing down the bearish momentum and reversing it. Currently, bearish momentum remains strong, and I refrain from buying during declines. However, if the support fails or the RSI re-enters its range, this could serve as a trigger for entry. For now, I prefer to watch, and if there is a significant reversal candle, it will be a pleasant surprise due to the strong momentum, with my stop-loss level already defined. These conditions occur in bull markets and are completely natural. So, avoid FOMO and don’t let your emotions guide your decisions. Practice risk and capital management, follow the analyses, and define your levels. For example, as long as Bitcoin remains above $80,000, I won’t sell and will even look for entry triggers. Futures positions currently make little sense, but if you have any, be sure to take profits and avoid greed! 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
21
Vaxart, Inc. to print 5000% impulsive wave ?? ** The months ahead ** On the above 6 day chart price action has corrected over 96% since February 2021. A number of reasons now exist for a bullish outlook, they include: 1) Price action and RSI resistance breakouts. 2) Confirmation of support on past resistance. 3) Regular positive divergence. The divergence prints at a time price action breaks out after 4 years of active resistance. 4) The forecast is determined from a 2nd impulsive move as measured from the first. Is it possible price action continues to correct? Sure. Is it probable? No Ww Type: Trade Risk: You decide Timeframe for long: Remainder of the year. Return: 4000-5000% Stop loss: Will say elsewhere
NASDAQ:VXRTLong
by without_worries
5
HelenP. I Euro can reach resistance level and then continue fallHi folks today I'm prepared for you Euro analytics. If we look at the chart we can see how the price reached the trend line, making a first gap as well and then starting to decline. EUR dropped to the resistance level, which coincided with the resistance zone and soon broke resistance 2. Then it started to trades inside consolidation, where it declined to resistance 1, which coincided with the bottom part of the range with the support zone. After this movement, the EUR rebounded up, making a second gap, and later almost reached the trend line. Then the price little declined and later rebounded up to resistance 2, breaking the trend line, after which it turned around and started to decline. In a short time, Ethe uro declined to resistance 1, broke it, thereby exiting from consolidation, and then fell to the trend line. A not long time ago, the price bounced and started to grow. So, I expect that EURUSD will reach a resistance level and then continue to decline next. For this case, I set my goal at 1.0270 points, which coincided with the trend line. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
2
GBPUSD → One step away from breaking support and falling awayFX:GBPUSD is facing difficulties. Negative fundamental background, strong dollar and price entry into the selling zone gives a bunch of preconditions hinting at the continuation of the fall Yesterday the UK GDP came out, which remained at the same level, there is no driver for GBP at the moment, but there is for USD, which is growing after interest rate cuts, but the growth is not because of this, but because of hints of stopping the cycle of further rate cuts and the change of officials' mood to hawkish, which in general, against the background of Trump's policy indicates medium-term potential. Technically, the currency pair is testing the risk zone, a false breakout will form a rebound reaction and I think it will be a short-term reaction. Resistance levels: 1.257, 1.2597, 1.2665 Support levels: 1.2488, 1.245 After the false breakdown, the currency pair may test the local resistance. But retest of the support within 1-3 days will play an important role. Formation of a pre-breakout base at 1.2488 will strengthen the potential for further decline With Respect R. Linda!
Short
by RLinda
2
Updated Analysis According to Current Market ConditionsFLOKIUSDT: Monitoring the Blue Box Support Areas In this analysis, the blue boxes are identified as potential support areas where buying pressure could develop. While the market sentiment is currently unfavorable, the price has revisited my previously marked blue boxes. Based on this, I have chosen to add to my positions, confident in the structural importance of these zones. Trading Strategy Lower Time Frame Reactions: It's critical to observe how the price reacts within these blue box zones. Signals such as bullish candlestick formations, increased volume, or divergence patterns could indicate a reversal opportunity. Long Trade Setups: Trades can be structured by leveraging these lower time frame confirmations, ensuring a clear entry and exit strategy aligned with market conditions. Summary Despite the broader market looking weak, the blue boxes in FLOKIUSDT offer potential support and a chance to position for a bounce. By focusing on reactions in these zones, traders can adjust their strategies to the prevailing conditions while managing risk effectively. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT.P: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence 🌍 ICPUSDT.P: Massive Upside Potential | Check the Trade Update For Seeing Results 🟠 IDEXUSDT: Spot Buy Area | %26 Profit if You Trade with MSB 📌 USUALUSDT: Buyers Are Active + %70 Profit in Total
Long
by XU99
5
BTC a BUY after FOMC selloff The recent price action shows bitcoin has hit a key resistance around 95,500 but faced a strong sell-off, now hovering near 95,300. support is forming around 92,000. volume has been moderate, suggesting indecision. The market structure hints at a potential retracement, but a bounce off support could set up for another test of that resistance. keep an eye on the 92,000 level; a hold there could lead to a rally. i’d rate this a cautious buy for those willing to ride the volatility. stay grounded, it’s a wild ride.
CRYPTO:BTCUSDLong
by gemxbt
1
Tesla (TSLA) Breakdown Alert: Bearish Momentum Building Monday!Here’s a suggested plan for Monday based on the bearish setup: - **Entry:** Below $423 (confirmation of breakdown and bearish continuation) - **Stop Loss (SL):** Above $450 (to account for false breakouts) - **Target 1 (T1):** $388.96 (first major support level) - **Target 2 (T2):** $358.46 (secondary support level for extended bearish move) Why Chart Matters:** Charts visually represent price action and market sentiment, helping traders identify key trends, support, and resistance levels for informed decisions. Conclusion:** With Tesla breaking critical support, bearish momentum could dominate Monday's session, making risk management and strategic entries crucial.
NASDAQ:TSLAShort
by Xeeshan79
3
THE KOG REPORT - UpdateEnd of day update from us here at KOG: Following on from the FOMC trade plan where we managed to get the extension level we wanted and the long for a phenomenal capture upside into the order region we wanted. We then activate short, currently running from the above protected and expecting it to hit target over the coming sessions. To be honest, for Gold, that is us done for the week unless there are decent setups on the red box indi's. For now, support is holding at 2590 so we would expect a move upside in attempt to close above the 2600 level with a potential retracement into 2603-6. It here we want to see a RIP and then a continuation of the move downside unless we break above the extension level 2630. It's a crazy market but it's giving, so please don't try and milk it now, it's Friday tomorrow and they will want to take back what they've given. Time to play defence! As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
4
GOLD (XAUUSD) - Daily & H4 - Technical Analysis & Trading Ideas💡 All Technical Analysis & Trading Ideas are generated by #4CastMachine AI software. Mid-term forecast (Daily TF): While the price is above the support 2475.27, resumption of uptrend is expected. There is a possibility of upward price rejection in the areas indicated on the chart. If the support at 2475.27 is broken, the short-term forecast -resumption of uptrend- will be invalid. Short-term forecast (H4 TF): Bearish wave toward the Buy Zone If the price is rejected from the buy zone, another impulse wave will start toward higher TPs. SL: Below 2560.27 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is 🙏 appreciated!❤️ Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
OANDA:XAUUSDLong
by ForecastCity
4
This My Thesis on Altcoin Season: When Alt Season???Yesterday, we had some scary dips in the crypto market, and many people switched to panic mode, they felt the bull season was over. Well, the bull season is barely 1 year and 3 months old, and it is difficult to call the top when some historical patterns are yet to be seen in the market. When Bitcoin is pumping, a couple of altcoins are yet to pump as much as BINANCE:BTCUSD , and when Bitcoin dips, they dump harder. This has left a lot of newbies in confusion lately. They are beginning to lose hope in their altcoin bags. Suppose history is an important factor in investment. In that case, it is correct to say that BTC will soon lose its dominance at 68-70%, and there will be a capital rotation into viable altcoins that have strong communities, utilities, and better technologies. Observe the chart, I used a weekly timeframe so that you will have a better grasp of what is happening in the market. BTC will likely squeeze out more capital from altcoins before it reaches the peak of its dominance. Brace up, invest smartly, and most importantly take profit with wisdom and be patient with your moon bags. Data don't lie, but if that is not the case this time, I will be glad to embrace my mistakes. What mistake? The mistake of depending too much on historical data and not admitting that history, sometimes, does not usually repeat itself. For now, enjoy the flow of the market. Cheers to 2025! It was an incredible year for us. Do you like this analysis? Share with your friends, like the analysis, and follow me for more. Do you have a contrary opinion? Leave a comment down below, you can present your case without insulting anyone.
CRYPTOCAP:BTC.DShort
by CryptoNiche
4
GOLD → Interest rates are down, but why is gold falling?FX:XAUUSD falls to 2581. Yesterday's news had a negative impact on the market and it's not about rate cuts. Technically the price confirms the bearish nature of the market. The main reason for the decline in gold prices is the Federal Reserve's caution about lowering interest rates amid the latest economic data. The US central bank lowered the interest rate by 0.25% to the range of 4.25%-4.50% as expected, but for the next year it forecasts 2 rate cuts, which is much less than expected. The Fed's hawkishness has played its role: the dollar is rising, markets are falling. Today all eyes are on GDP and initial jobless claims. Technically, the price is out of the global channel, breaking the support, gold updates the low to 2581. Resistance levels: 2620, 2630, 2636 Support levels: 2616, 2612, 2603 After updating the low, a retest of the previously broken channel boundary and imbalance zones is formed. False breakdown of key resistance, for example 2620 or 2630 and subsequent consolidation of the price below these zones may lead to further decline. Regards R. Linda!
FX:XAUUSDShort
by RLinda
10
Bitcoin is Ready to fill CME Gap!!!Bitcoin ( BINANCE:BTCUSDT )is approaching the Resistance zone($105,560-$104,940) , Downtrend line , and Cumulative Short Liquidation Leverage($105,654-$104,709) . According to Elliott's wave theory , Bitcoin seems to be completing wave 4 . Probably wave 4 will end in the Resistance zone($105,560-$104,940) . I expect Bitcoin to go towards filling the CME Gap($103,325-$101,840) AFTER breaking the Support line . ⚠️Note: US indices (Federal Funds Rate, FOMC Economic Projections, FOMC Statement) can affect the trend of Bitcoin; the possibility that the market will get excited when the indices are announced is very high.⚠️ ⚠️Note: If Bitcoin breaks the Resistance zone($105,560-$104,940), we can expect Bitcoin to rise further, especially if Bitcoin touches $106,200.⚠️ 🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏 Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
13
Gold Consolidates Between Key Levels Amid Bearish TrendGold Technical Analysis The price recently reached the support level at 2585 and reversed. However, the bearish trend remains intact as long as gold trades below 2612. Gold is currently consolidating between 2612 and 2585. A breakout in either direction will determine the next trend: Stability above 2612, confirmed by a 4-hour candle close, suggests a move toward 2623. Stability below 2585 indicates a drop toward 2558. Key Levels: Pivot Point: 2612 Resistance Levels: 2623, 2638, 2653 Support Levels: 2586, 2572, 2558 Trend Outlook: Bearish Momentum: Likely below 2623 and 2612. Bullish Momentum: Possible above 2623. Previous idea:
OANDA:XAUUSDShort
by SroshMayi