BITCOIN → Correction to the risk zone. Rise or fall?BINANCE:BTCUSDT has updated its local maximum to 97,900, the market structure is quite positive, but still depends on the fundamental background and the behavior of the S&P 500.
The fundamental reasons that influenced the growth are the improvement in the tariff situation in the US and relations with China. Bitcoin's growth strengthened as the SP500 index rose, with which it has a fairly high correlation. In the second half of this week, the price broke out of the two-week consolidation, breaking through the resistance level of 95,500 and updating the local maximum. A correction is forming within the local upward channel.
95,000 is the liquidity and risk zone. That is, if the bulls hold their defense above 95K during the retest, Bitcoin will continue to grow in the short and medium term. Otherwise, a break of 95K could trigger a drop to 92K-88K.
Resistance levels: 97,425, 99,475
Support levels: 95,500, 92,000
All eyes are on the 95.5K support level, below which a huge liquidity pool has formed. Growth may be influenced by a retest (false breakout of support) and an imbalance of forces in the market. But we need to be careful, as the market will react to economic data. BUT! A return of prices to the selling zone (below 95000 - 95500) and the inability to continue growth could trigger a correction and liquidation.
Best regards, R. Linda!
Wave Analysis
Learn KEY PRINCIPLES of Technical Analysis in Gold Forex Trading
In the today's article, we will discuss the absolute basics of trading - 3 key principles of technical analysis in Forex & Gold Trading.
1️⃣History Repeats
History tends to repeat itself in the Forex market.
Certain trends are cyclical and may reemerge in a predictable manner, certain key levels are respected again and again over time.
Take a look at the example:
Silver perfectly respected a historical horizontal resistance in 2011 that was respected in 1980 already. Moreover, the price action before and after the tests of the underlined zone were absolutely identical.
2️⃣Priced In
All relevant information about a currency pair: economical and political events, rumors, and facts; is already reflected in a price.
When the FED increased the rate 26th of July by 25 bp, EURUSD bounced instead of falling. Before the rate hike, the market was going down on EXPECTATIONS of a rate hike. The release of the news was already price in.
3️⃣Pattern DO Work
Some specific price models can be applied for predicting the future price movements.
Technicians strongly believe that certain formations - being applied and interpreted properly, can give the edge on the market.
Depending on the trading style, different categories of patterns exist: harmonic patterns, price action patterns, wave patterns, candlestick patterns...
Above, I have listed various price action patterns that are applied by many traders and investors as the main tool for analyzing the financial markets.
If you believe in these 3 principles, you are an inborn technician!
Study technical analysis and learn to apply these principles to make money in trading.
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I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
SUI - Leveraging Fibonacci & Elliott for Precision TradesSUI’s movement is rapid, sharp swings—both up and down. In volatile conditions like this, we aim 0.702–0.786 fib retracements (and occasionally 0.886 in harmonic contexts) for high‑probability entries. Below is a clear, Elliott-focused breakdown of the current setup and both long and short trade plans.
Before diving into the charts, let’s cover the basics of Elliott Wave Theory. Elliott Wave Theory provides a roadmap for market psychology by dividing price action into two distinct phases:
1. Impulse Phase (Waves 1–5)
Wave 1: The spark that ignites a new trend as early adopters push prices beyond the prior range.
Wave 2: A corrective pullback that tests the strength of the emerging trend, often retracing 38–61.8%.
Wave 3: The powerhouse wave—typically the longest and most dynamic—driven by broad market participation and often extending to key Fibonacci levels (1.618, 2.618).
Wave 4: A consolidating correction that digests gains and builds the base for the final thrust; it must not overlap Wave 1 territory in a classic impulse.
Wave 5: The final leg of the advance, often fueled by last bursts of optimism and weaker hands.
2. Corrective Phase (Waves A–B–C)
Wave A: Initial counter-trend reaction as profit-taking begins.
Wave B: A deceptive retracement back toward the trend, frequently trapping traders.
Wave C: The concluding leg of the correction, which typically tests or breaks the low of Wave A before the next cycle begins.
Key Points:
Impulse waves showcase momentum and structural clarity, often aligning with Fibonacci extensions.
Corrective waves follow Fibonacci retracements (38.2%, 50%, 61.8%), offering optimal entry points.
Wave 3 is seldom the shortest; Wave 4’s complexity sets the stage for Wave 5’s final push.
In the current SUI structure:
Wave 1 ignited the initial rally.
Wave 2 delivered a healthy retracement, a pullback close to the 0.618 fib, setting the stage for stronger momentum.
Wave 3 roared to a powerful peak topped at the 2.618 extension ($3.875)
Now, we’re deep into Wave 4, likely an ABC corrective pattern. This pause is critical—it gathers energy before the final push of Wave 5. Below is a clear breakdown of each wave, big-picture confluences, and trade setups.
🚀 Elliott Wave Overview
1. Wave 1 & Wave 2
Wave 1: Quick surge from $2.4175 → $2.75, setting initial momentum.
Wave 2: Pulled back close to the 0.618 fib, creating a solid launchpad.
2. Wave 3: The Power Move
Peak: Hit the 2.618 extension of Wave 1→2 and aligned with the –2 extension of Wave 1.
Significance: In strong bull markets, a run to the 2.618 extension often precedes a meaningful pullback. Here, Wave 3’s exhaustion suggests a retrace toward the 38.2% Fib of that advance—our ideal Wave 4 entry zone.
3. Wave 4: The Correction
All eyes on the $3.17 level—the projected 1:1 extension of A→B and 0.382 fib retracement of Wave 3. This confluence zone is yet to be tested and could offer an ideal Wave 4 entry.
ABC Pattern: Currently working on Wave C.
4. Wave 5: The Finale
Target Zone: $4.00–$4.35, with strong focus at $4.31
Extension Levels:
1.133 → $3.9695 aligns with the 0.618 fib retracement.
1.272 → $4.0683 is close to the weekly resistance level.
1.412 → $4.1678 alings with the 0.666 fib retracement.
1.618 → $4.3142 alings with the key swing high.
🔑 Key Confluence Levels
Golden Pocket: $3.9739–$4.1492 (90-day retrace).
Speed Fan 0.618: Support around $3.15.
Fair Value Gap:
Psychological: $3.00 major support.
📈 Long Trade Setup
Entry Ladder: $3.25–$3.111 (stack orders to DCA)
Stop‑Loss: $3.07 (just below the 0.786 Fib low)
Profit Targets:
Fib 1.133 at $3.9795 ($4 psychological & partial take‑profit)
Fib 1.272 at $4.0683
Fib 1.412 at $4.1678
Fib 1.618 at $4.3142
Risk:Reward: ~6:1+ (average entry around $3.20 → SL at $3.07 → TP1 at $3.9795)
📉 Short Trade Setup
Entry Zone: $4.00–$4.35 (sweet spot at weekly level/yearly open)
Confirmation: Bearish reversal candle or volume spike down
Stop‑Loss: Above $4.35
Target: $3.77 (near Wave 3 high turned support)
Risk:Reward: ~2:1 (varies with DCA entry)
⚙️ Summary & Game Plan
Primary Bias: Long in the $3.25–$3.111 zone—stack into the 0.382-0.412 fib retracement entries with tight SL, aiming for the $4.00–$4.30 upside zone.
Alternate Bias: Short on a clear rejection within $4.00–$4.35, targeting $3.77 or lower.
Risk Management: Keep stops tight to maximize R:R.
Patience & Confirmation: Wait for price to reach these zones and show reversal signals (price action, volume, patterns) before committing.
All set—now let SUI’s swings unveil the opportunities. Sit tight, follow your plan, and let patience pay its dividend.
Happy Trading!
____________________________________
If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know.
Bitcoin is about to make an upward breakthrough!The price of BTCUSD strongly broke through the threshold of $97,000 this week, showing a robust upward momentum. Although there has been a pullback currently, it still remains in a strong uptrend above $95,000 overall. In the short term, the primary target for the upward movement is $98,000. If this level is broken through, the focus will shift to the significant psychological level of $100,000. However, when the price of BTCUSD approaches the level of $98,000, this area will form a resistance, and investors should be cautious about the potential risk of a pullback. If it unexpectedly breaks below the support level of $93,000, it may pull back to the area around $89,000.
Taking all factors into consideration, the overall trend of BTCUSD next week is relatively optimistic, with a high probability of continuing to break through upwards. However, the risk of a pullback should also be watched out for. There are uncertainties in the market, and macroeconomic factors such as the progress of negotiations between the United States and its major trading partners may also have an impact on the price of Bitcoin. Therefore, relevant news should be closely monitored.
BTC - The Perfect Retest!Hello TradingView Family / Fellow Traders! This is Richard, also known as theSignalyst.
The picture says it all!
🔄Is history about to repeat itself?
If so, we are currently in Phase 2. 📈
What’s next? A dip toward the $87,000 - $88,000 zone would be the perfect retest to look for trend-following longs and expect the start of Phase 3.
📚 Reminder:
Always stick to your trading plan — entry, risk management, and trade management are key.
Good luck, and happy trading!
All Strategies Are Good, If Managed Properly!
~Rich
Bitcoin BTC Has Started CorrectionHello, Skyrexians!
Hope we understood what is going to happen with the Bitcoin dominance, if briefly we are waiting for correction and this dominance dump will likely happen on BINANCE:BTCUSDT dump.
Let's take a look at the impulse which has been started at $75k, it looks like this impulse has been finished already with the 5 Elliott waves cycle. At the very top we can see the bearish divergent bar and bearish divergence with the Awesome Oscillator. Moreover oscillator started to print red columns, it means that momentum is gone and now it's time to go down.
Best regards,
Ivan Skyrexio
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SPX Bullish Breakout and Wave 5 TargetSPX has successfully broken out of the rounding bottom pattern, confirming a strong bullish reversal. After completing waves 1 to 4 within the upward channel, the index is now poised to advance into Wave 5.
The current momentum supports a rally toward the immediate setup target near 6,690, with an ideal continuation into Wave 5. A decisive breach of this resistance could accelerate the move toward the mid-term target around 7,278, activating a new bullish impulse.
The chart highlights key support in the buy zone and emphasizes the importance of a confirmed breakout, offering a high-probability setup aligned with the Wave progression and ongoing trend strength.
USOIL What Next? BUY!
My dear followers,
I analysed this chart on USOIL and concluded the following:
The market is trading on 58.35 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 60.83
Safe Stop Loss - 57.06
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
———————————
WISH YOU ALL LUCK
TSLA SHORT FROM RESISTANCE
TSLA SIGNAL
Trade Direction: short
Entry Level: 286.64
Target Level: 210.88
Stop Loss: 337.30
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 1D
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅LIKE AND COMMENT MY IDEAS✅
GBPJPY - Crazy Bullish!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPJPY has been overall bullish trading within the rising channel marked in blue.
Moreover, it is retesting a strong demand zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #GBPJPY approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
BRIEFING Week #18 : Waiting for RotationHere's your weekly update ! Brought to you each weekend with years of track-record history..
Don't forget to hit the like/follow button if you feel like this post deserves it ;)
That's the best way to support me and help pushing this content to other users.
Kindly,
Phil
MAY Altcoin request: Welcome to May From Recovery to OpportunityHi Everyone,
The storm of April has passed and with it, the weight of uncertainty that gripped global markets. As we enter May, the charts are beginning to flash green, sentiment is cautiously shifting, and risk appetite is gradually returning to the crypto space.
This isn’t just a relief rally—it’s a potential turning point.
Altcoins are waking up. Structural breakouts are forming. Volume is returning. While April demanded patience, May offers preparation, this is the month for strategic re-entry and tactical execution.
That’s why I’m launching a fresh round of market reviews targeted, focused, and highly selective.
📌 Up to 20 Altcoin Requests Only
📌 Submission Deadline: May 3rd, 2025
📌 One Request Per Person
📌 Format: Use proper tickers (e.g., ARBUSDT, INJUSDT)
📌 Optional: Include the coin name
I’ll deliver unbiased technical analysis, identifying key price structures, demand zones, resistance levels, and breakout confirmations, all guided by real-time price action and macro confluences.
What May Demands from Traders:
✅ Clarity over noise – Don’t chase hype. Look for structure, volume, and narrative.
✅ Discipline over emotion – React to the chart, not the crowd.
✅ Patience over impulse – Some setups need time. Good entries aren’t rushed.
✅ Capital efficiency – Stick to your allocation rules. Risk what’s reasonable.
✅ Adaptive mindset – Let the market validate your bias, not the other way around.
We know the market doesn't move in a straight line. But it rewards those who stay sharp, stay rational, and stay in the game when others step out.
📩 Comment your selected altcoin now and let’s uncover what May could deliver.
🚀 This is not just about recovery—it’s about positioning for the next big move.
Bitcoin - All time highs will come next!Bitcoin - CRYPTO:BTCUSD - prepares a significant move:
(click chart above to see the in depth analysis👆🏻)
Over the past couple of months, we basically only saw sideways price action on Bitcoin. However, this does not mean, that Bitcoin is now slowing down; actually the opposite is true and Bitcoin is setting up for a major move higher. New all time highs will come very soon.
Levels to watch: $100.000
Keep your long term vision!
Philip (BasicTrading)
NIFTY50.....Buying panic all around!
Hello Traders,
the NIFTY50 has extended my cited price area to ~24620 range. It was exactly @ 24589.15 points!
Here, a wave iii (blue) ended!
Chart analysis:
If this was all of waves (5) of iii (blue), the next move could be a wave iv (blue) to around the range of 23709 to 23845.15 zone! This one should morph into an a-b-c correction, or a triangle. While triangles are the most often failed chart patterns during a wave iv of any degree is, we will focus on the a-b-c correction!
So, one higher high is still missing, but I guess the next high will be just a wave ((i)) of v (blue) with more highs to come!
As I am in a hurry, only a short update today. I'll try to publish another update by Wednesday.
Have a great Sunday.....
Ruebennase
Please ask or comment as appropriate.
Trade on this analysis at your own risk.
Bitcoin Range-Bound in Heavy Resistance – CME Gap Still Open!Bitcoin ( BINANCE:BTCUSDT ), like Gold , has been moving in a Range for the past 5-6 days and is currently in a Heavy Resistance zone($95,950-$88,500) , as it has been in the past few days .
In terms of Elliott Wave theory , Bitcoin appears to be completing a main wave 4 . The main wave 4 structure can take two forms: Double Three Correction(WXY)_Expanding Flat(3-3-5) .
I label this analysis " Short " for the following reasons:
Due to Bitcoin's higher correlation with the S&P 500 Index ( SP:SPX ) these days, I am short on the S&P 500 Index.
China’s president Xi Jinping says Trump lied about them having a phone call ; it is NOT good news for the S&P 500 Index and Bitcoin .
CME Gap($92,525-$91,415) has NOT filled yet, and I think Bitcoin will NOT start the next bullish rally before filling the CME Gap.
I expect Bitcoin to drop to at least $92,830 and then decline to the Support zone($92,000-$91,400) if the Support lines are broken.
Cumulative Short Liquidation Leverage: $96,741-$95,520
Note: If Bitcoin can touch $97,000, we should expect more pumping.
Note: If Bitcoin goes below the 100_SMA(Daily), we should expect a fall.
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 a 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.
Don't Miss Out! Mastering Elliot Waves : 3 Essential PrinciplesHello friends!
Welcome to RK_Chaarts !!
Let's dive into the ruling principles of Elliot Waves that we cannot violate. There are three key principles:
1. Wave 2 will never Retrace more than 100% of wave 1
2. Wave 3 will never be the shortest among the three impulses (1, 3, and 5).
3. Wave 4 will never enter the territory of wave 1 (except in diagonals or triangles, where wave 4 can overlap with wave 1).
In this post, we'll explore how to apply these principles to analyze and solve the puzzle of a complete chart. We'll use a live example from the chart of SAMVARDHNA MOTHERSON, which is a tough and technically challenging chart. However, using Elliot Wave principles, we'll attempt to solve it.
Please note that this post is for educational purposes only and should not be considered as trading advice. We'll discuss potential scenarios, alternative possibilities, and "what-if" situations.
I hope you find this post helpful and informative. It's a comprehensive explanation in Hindi, and I'm confident that you'll gain valuable insights from it.
Happy learning!
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Down for SPX500USDHi traders,
Last week SPX500USD did not close below the Daily FVG and broke the Weekly FVG. Now the trend has changed to bullish but price is moving very slow. This could indicate a leading diagonal (wave 1).
So next week we could see a (corrective) move down from the Daily FVG above.
Let's see what the market does and react.
Trade idea: Wait for price come into the Daily FVG above and a change in orderflow to bearish, a small impulse wave down and a small correction up on a lower timeframe to trade (short term) shorts.
If you want to learn more about trading FVG's & liquidity sweeps with Wave analysis, then please make sure to follow me.
This shared post is only my point of view on what could be the next move in this pair based on my technical analysis.
Don't be emotional, just trade your plan!
Eduwave
GBP-USD Local Long! Buy!
Hello,Traders!
GBP-USD is making a local
Correction but the pair will
Soon hit a horizontal support
Level of 1.3204 and as the pair
Is in the uptrend we will be
Expecting a local bullish
Rebound and a move up
Buy!
Comment and subscribe to help us grow!
Check out other forecasts below too!
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
EURUSD: Bullish Forecast & Bullish Scenario
The price of EURUSD will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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TESLA Trading Opportunity! SELL!
My dear followers,
This is my opinion on the TESLA next move:
The asset is approaching an important pivot point 287.25
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 262.50
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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WISH YOU ALL LUCK
“MSTR Bullish Setup Reminder: Watch for Breakout Above $401”✅ Bullish Summary – MSTR Daily Chart
Pattern: Inverse Head & Shoulders (bullish reversal)
Trend: Bullish momentum confirmed by Heikin Ashi candles and EMA alignment
Key Resistance: $401.95 (neckline – breakout trigger)
Support Levels: $372, $347, $254
Targets: $480 (short-term), $520–$569 (full breakout projection)
Outlook: Bullish, pending confirmation above $401.95
🔔 Reminder Note :
Let this serve as a key reminder.
🚨 Bearish Risk Levels :
A rejection at $401 without a confirmed close could lead to a pullback toward $372 or EMA clusters.
Breakdown below $347 invalidates short-term bullish setup and returns price to range.