Wave Analysis
Bitcoin Roadmap==>>Short-termBitcoin ( BINANCE:BTCUSDT ) is moving near the Support zone ($95,000-$90,870) and 50_SMA(Daily) , also Bitcoin managed to break the Descending Channel . Although the main Ascending Channel has been broken in the above time frame , I still expect the pullback to the main ascending channel to continue.
Regarding Elliott wave theory , Bitcoin seems to be completing microwave Y of the main wave 4 .
I expect Bitcoin to rise to at least the 🎯Targets🎯 I have specified on the chart .
⚠️Note: If Bitcoin breaks below the Support zone($95,000-$93,500), there is a high probability that Bitcoin will go below $90,000.⚠️
🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏
Bitcoin Analyze (BTCUSDT), 1-hour 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.
Market Analysis (Gold/USD):
Analysis Using Fibonacci Retracement Levels
The chart indicates key Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, and 100%). These levels are commonly used to identify potential support and resistance areas.
The price is currently hovering around the 100% retracement level (2,613). This suggests the market has retraced fully from the most recent move.
90% Level (2,624): The price has been rejecting this level multiple times, which may now act as resistance. A breakout above this could signal a continuation towards the 50% retracement level near 2,669.
On the downside, 123% retracement level (2,587) and 161.8% (2,544) are critical zones to watch if the price breaks below the current level.
EMA 200 and EMA 50
EMA 200 (Yellow):
The EMA 200 is currently positioned above the price, suggesting a bearish longer-term trend. This acts as a major resistance level, and a price break above it would be a strong bullish signal.
EMA 50 (Red):
The EMA 50 is currently much closer to the price. It may act as the first dynamic resistance. A crossover of the EMA 50 above the EMA 200 would be a bullish signal.
Current Pattern
The blue lines on the chart form an ascending wedge or channel, which is a consolidation pattern. Typically, this may lead to either a breakout to the upside or a reversal to the downside.
Upside Scenario:
If the price breaks above the wedge, the key target will be 2,632 (90%) and then the 50% Fibonacci level at 2,669.
Downside Scenario:
If the price breaks down, it could test 2,587 (123%) or even 2,544 (161.8%), aligning with bearish momentum.
Key Levels to Watch
Resistance Levels:
1. 2,624 (90% Fibonacci)
2. 2,632 (Yellow EMA 200)
3. 2,669 (50% Fibonacci)
Support Levels:
1. 2,613 (Current 100% Fibonacci level)
2. 2,587 (123% Fibonacci)
3. 2,544 (161.8% Fibonacci)
Ascending Wedge Pattern (Blue Lines):
It’s clear that the price is currently forming an ascending wedge pattern. This is a market structure that typically indicates a buildup before a breakout (to the upside) or a breakdown (to the downside).
If the breakout occurs above the upper wedge line, it could signal a bullish move. If the breakdown happens below the lower wedge line, it could point to a bearish move.
Key Resistance and Support Levels:
Currently, the price is testing a resistance zone near 2,624.
On the downside, the nearest support level lies at 2,613, a key level where the price has rebounded several times.
Overall Market Condition:
The market is in a consolidative state, appearing to prepare for a significant move. If you're trading this market, it’s better to wait for a clear breakout or breakdown from the wedge pattern before making any decisions.
(update) ONEUSDT is ready to increase even further!After breaking the ascending Wedge , the price experienced significant growth. As you can see, the price has now dropped to under the the 0.618 Fibonacci line. Market volume indicates that the price may not be able to break above the 0.618 line, which means the price could drop alittle before rising again.
previous analysis
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
GBPJPY Analysis:
The point marked "C" seems to represent the lowest point within a symmetrical triangle pattern. This indicates price consolidation between the support and resistance lines.
Currently, the price has broken above the lower boundary of the triangle and appears to be moving upwards. This could signal a breakout to the upside, especially if it’s a confirmed breakout with strong volume.
Possible Outcomes for "C":
If the price pulls back (retest): The price might return to the support line (which was previously resistance) to test it again. This is often referred to as a "retest" before continuing higher.
If the upward movement continues: If the breakout is confirmed, the price could move toward the upper resistance line (the pink line sloping downward).
Recommendation:
Watch for a small pullback where the price tests the breakout line (now acting as new support). If it holds there, it could indicate further upward movement.
Pay close attention to the 200.00 level, as it seems like a significant technical resistance level where price action could face challenges.
KOMA/USDTKey Level Zone : 0.15617-0.15873
HMT v3.0 detected. The setup looks promising, supported by a previous upward/downward trend with increasing volume and momentum, presenting an excellent reward-to-risk opportunity.
HMT (High Momentum Trending):
HMT is based on trend, momentum, volume, and market structure across multiple timeframes. It highlights setups with strong potential for upward movement and higher rewards.
Whenever I spot a signal for my own trading, I’ll share it. Please note that conducting a comprehensive analysis on a single timeframe chart can be quite challenging and sometimes confusing. I appreciate your understanding of the effort involved.
If you find this signal/analysis meaningful, kindly like and share it.
Thank you for your support~
Sharing this with love!
HMT v2.0:
- Major update to the Momentum indicator
- Reduced false signals from inaccurate momentum detection
- New screener with improved accuracy and fewer signals
HMT v3.0:
- Added liquidity factor to enhance trend continuation
- Improved potential for momentum-based plays
- Increased winning probability by reducing entries during peaks
Gold fell and weakened
Gold fell after rising to 2790. The daily chart shows a descending triangle pattern, with the high point gradually moving down, and the overall trend is a five-wave decline at a high level. The lower support level of 2545 is the dividing line between long and short positions, and the upper level of 2720 forms a double top and falls back, and it rebounds near 2584.
In general, gold is in a trend of high-level shock and decline, with a short-term rebound and a small ascending triangle structure. In terms of operation, you can pay attention to the breakthrough of the triangle before trading. Short-term support is 2610 and resistance is 2635.
It is recommended to arrange short orders when breaking below 2610, and those who are conservative can wait for the price to rebound to 2630-2635 under pressure before going short. The downside targets are TP2605, TP2580, and TP2550, respectively, and the stop loss can be set at 2656 (breaking above the previous adjustment range).
The Dividend King: $SCHD🚀 All Hail SCHD - The Dividend Fan Favorite! 🔥
Ticker: Schwab U.S. Dividend Equity ETF ( AMEX:SCHD )
Timeframe: Daily Chart
Why You Can't Ignore SCHD:
SCHD is the GOAT of dividend ETFs. With its strong track record of outperforming, stable cash flows, and juicy dividend yield, this ETF is a must-have for dividend enthusiasts. 🤑
The Setup:
Support Bounce: We're seeing AMEX:SCHD rebound from key demand zones at $26.95. Bulls are clearly defending this territory.
Wave Progression: Elliott Wave patterns suggest a massive Wave 5 move incoming—hello, ATHs! 🚀
Targets:
Target 1: $29.50
Target 2: $31.50 (beyond here, moon territory 🌕).
Why SCHD?
- Dividend Royalty: Consistent, growing payouts backed by high-quality companies.
- Low Fees: Who doesn't love keeping more of their dividends?
- Compound Wealth: Reinvest dividends, and watch your portfolio snowball into retirement glory.
Call to Action:
Stop thinking. Start building wealth with SCHD. It's not just an ETF; it's a movement. 🌟
Dividend Fanboys Unite! 💪 Let’s ride this wave to financial freedom!
Are you in? 💬 Share your thoughts below! 🚨
EUR-NZD Will Keep Growing! Buy!
Hello,Traders!
EUR-NZD is trading in an
Uptrend and the pair is
Making a bullish rebound
From the horizontal support
Of 1.8371 so we are bullish
Biased and we will be
Expecting a further
Bullish move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!