BTC/USD Surpasses 100K Milestone: Bearish Reversal LoomsHello,
BTC/USD has finally hit and surpassed the widely anticipated 100k milestone! However, a bearish reversal appears imminent, potentially leading to new lows ahead.
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Pivot Points
$GALA - 10x Potential After Retest
BINANCE:GALAUSDT has been lacking this cycle (most META coins have), but there’s potential for a 10x move here.
The chart is coming off a solid retest of the impulse move from September 2023. I'm grabbing as much as I can below $0.04 and targeting $0.60 if this cycle has the strength to push that high.
First target: $0.20
All timeframes are confirmed with reversal signals.
SOL pumping?🔼 Climb to $204.46: This level acts as a key resistance. A breakout above this confirms a bullish continuation.
🎯 Next Target at $364.43: After surpassing $204.46, the next profit target offers a 160% potential gain at $364.43.
🔴 Support Zone at $190: This level is currently holding as a strong support to prevent further downside.
⚠️ Downside Risk: Breaking below $190 could lead to a drop toward $138 or even $116.
✅ Buy Signal: If the price stabilizes above $204.46, it signals a bullish entry.
🚀 Profit Potential of 75%-160%: The chart suggests great upside opportunities if the upward trend continues.
📊 Summary: A breakout above $204 triggers a valid buy signal 🎉, but caution is needed if the price dips below $190 ⚡.
Ethereum (ETHUSD) : Time to Position for Profits!Ethereum (ETH/USD) is currently positioned for a bullish breakout, and I am excited to share my analysis with fellow traders.
Bullish Sentiment and Technical Setup
The current price action shows ETH testing the $4,000 resistance level, which, if broken, could trigger a wave of FOMO buying, propelling prices towards $4,500 and beyond. With the Relative Strength Index (RSI) reflecting strong buying momentum, now is an opportune time to consider long positions.
I will be utilizing probabilities to strategically enter into long trades, focusing on support levels around $3,600 to $3,700 as potential entry points during any pullbacks.
Several fundamental factors are contributing to this bullish outlook:
Institutional Interest: Recent reports indicate that BlackRock has made a significant investment in Ethereum, purchasing over $230 million worth. This institutional backing is a strong signal of confidence in Ethereum’s future.
Market Dynamics: The overall cryptocurrency market is experiencing renewed interest as Bitcoin has surpassed the psychological barrier of $100,000. Historically, Ethereum tends to follow Bitcoin's lead, and this correlation suggests that ETH could also see substantial upward movement.
Technological Advancements: Ethereum's ongoing developments in DeFi and NFT sectors continue to attract users and investors alike. The upcoming upgrades and increased adoption are likely to bolster its price further.
In summary, the combination of technical indicators pointing towards a bullish trend and supportive fundamentals creates a compelling case for trading ETH/USD long.
As we navigate this exciting market landscape, I encourage fellow traders to stay vigilant and consider positioning themselves for potential gains in the coming weeks.
P.S. If you have any questions about how I trade probabilities with the overall market direction, feel free to reach out.
Let's capitalize on this momentum together!
2W:
Hourly Timeframe Entry:
Ancient Volume Profile for Curve CRV for Big PictureLooking at the Volume Profile from Genesis to June 13th 2022 to see where there was a lot of trading volume in the past. The volume levels we are seeing trading in the past 6 months make these volumes seem like a blip, but may prove to be stopping points and levels to watch during the next several months. The large gap shown in yellow has already shown to be useful in predicting a quick move. (In this zone price can also quickly move down) Trading level to level may show promise for leverage trades, spot bags are loaded for Valhalla.
USDCAD: Bearish Phase Begins!Hello,
FX:USDCAD has experienced significant upside once again, just as expected! However, it’s time for a shift—sorry, bulls, but the bearish phase is here. A major downturn is on the horizon!
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USDCHF Tests 1-Year Pivot: Upward Move Expected Before ReversalHello,
FX:USDCHF has tested the 1-year pivot point, where it found strong support. At this stage, we can anticipate an upward movement towards the 1-month and 1-week pivot points. After reaching those levels, the price is likely to revisit the 1-year pivot point and face resistance, potentially leading to a downside move.
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USD/JPY Eyes Support Test, Potential ReboundHello,
FX:USDJPY pair may undergo additional support tests, particularly at the 1-month and 1-week support levels. If it finds stability around this area, a rebound is likely to follow.
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EUR/USD Poised for Bullish MoveHello,
FX:EURUSD pair has been experiencing some fluctuations, leaving many uncertain about its next direction. However, the overall trajectory appears bullish, with the price positioning itself for an upward movement. While this may not be immediately evident, the upward trend seems to be the likely path ahead.
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XAUUSD Prepares for Support Tests Before ReboundHello,
OANDA:XAUUSD has experienced some downside momentum and appears poised for further declines. The 1M pivot point (PP) has been rejected, serving as a key resistance level. In this scenario, we are likely to see additional support levels tested before any bullish continuation. These support tests could extend as far as the entirety of the 1M support structure.
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STMX | 2 Buying Areas
The analysis highlights two potential buying zones for STMX, strategically identified to maximize entry opportunities. These areas are derived from a combination of technical indicators, historical price action, and volume trends.
Zone 1 : A closer and more aggressive entry point, suitable for traders anticipating a quick bounce or reversal. This zone aligns with short-term support levels and might see increased activity from scalpers and day traders.
Zone 2 : A deeper buying zone, positioned at a stronger support level, offering a more conservative entry for those aiming for higher risk-reward setups. This area aligns with a broader market retracement and could attract long-term investors.
Both zones are marked based on a confluence of Fibonacci retracements, order blocks, and key market structure points. Always pair these zones with proper risk management strategies, as the market remains volatile.
I don't overcomplicate things and add a ton of dirty crap to my charts, but you can check out the success of my analysis below.
I approach trading with confidence backed by experience and past success in identifying high-probability setups.
While I don’t claim to be the best, my track record speaks for itself, and I strive to let my analysis and results do the talking. Watch these levels closely—markets can confirm what charts already whisper. Let’s see how this plays out together.
My Previous Ideas
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Bitcoin Dominance | Great Characteristic Detection and Accurate Analysis