COIN sitting on Support... I see an upcoming bounce ahead of us!Super Bowl Sunday in full effect my TradingVIew peeps! I'm looking at charts, creating a gameplan, and sharing a few ideas while I listen to the pregame.
I've loved NASDAQ:COIN for awhile, as I've posted a chart in my Coffee is Brewing segment before and it played out Extremely Well... I will continue to publish what I see with the ultimate hope that we see a profit if we make a decision to jump in.
On this current chart, you can see I have provided multiple circles as pivot points... whether for resistance or support. The circles at the Sloping Resistance Trendline were obviously followed by a drop and the circles at the Sloping Support Trendline had a nice bounce. We are right back at the Support lines provided and I'm expecting a bounce. Does it surpass the current resistance and head toward the next resistance, approaching ATHs? Time will tell...
Again, as I've said before... I am not a financial guru and definitely not a financial advisor (yet) but I will share with you my claims regarding what price action I see. I'd suggest you complete your own Due Diligence and not jump into mine or anyone else's picks without diving into some analysis yourself.
Last and definitely not least, to me, the most important part... Take Profits, Take Profits, Take Profits!!! I cannot stress that enough.
Good luck on your trading journey ladies and gentlemen!
Community ideas
OMNI Looks Bullish (1H)From the point where we placed the red arrow on the chart, it appears that OMNI has started forming an ABC pattern and is now at the end of wave B.
If the green box holds, this counter-triangle can complete and move into wave C.
A 4-H candle closing below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
XAUUSD Analysis – Bearish Outlook After Bullish CorrectionXAUUSD Analysis – Bearish Outlook After Bullish Correction
Gold (XAUUSD) appears bearish today following a bullish correction and could potentially test the 2845–2840 support zone.
🔹 Optimal Selling Zone: 2886–2890
🔹 Key Strategy: Await confirmation signals before initiating short positions.
🔹 Risk Management: Implement strict stop-loss measures to safeguard capital.
🔹 Market Awareness: Stay informed on price action and fundamental factors for timely adjustments.
Trade wisely & maintain discipline! 📉📊✨
Bitcoin (BTC): Attentions at $102,000 and $92,000On a 1D timeframe, we are seeing some kind of reversal currently, which might send the price to the $102K area, where we then should see a proper move to lower zones.
Now we are not going to rush blindly to short here but we are waiting for more confirmations, which would be either a proper rejection from $102K or a breakdown + re-test of the GETTEX:92K zone.
After that, we will see a proper free fall below EMAs!
Swallow Team
Beginning of the altseason or the last shakeout?Hello Traders 🐺,
In my last idea about BTC.D, I mentioned that this huge wick to the upside indicates that the BTC season is nearing its end , and we are now on the verge of entering the Altcoin season . But what makes me so confident about this?
As you can see in the chart above , we’re currently facing a strong weekly resistance at the 64% level, which has been a key point in the past. After the market’s most recent capitulation, we saw a massive dump in Altcoins , while BTC only corrected by 10% —a normal and expected move. But here’s the critical takeaway:
🔑 This means that Altcoins are now being traded at extremely undervalued levels.
So, why am I saying this with such confidence? Keep reading to find out why these levels present a major opportunity for the upcoming Altcoin season!
The Final Phase of BTC Season? The Big Altcoin Opportunity!
Currently, the chart is shaping something very similar to an ascending triangle—a pattern that’s typically bullish, especially when the overall trend for BTC.D is strong. But here’s the catch: a trend is our friend… until it ends!
🔥 And the key part? " Until it ends !" Yes, we are very close to that moment!
Why? The answer lies within the ALTCOIN/BTC charts . Right now, almost every single altcoin you can think of is down by a massive 90% from its all-time high against BTC ! This is not just a number—it’s a huge signal that there’s barely any room left for altcoins to go lower compared to BTC.
All the pieces of the puzzle are falling into place, and they’re spelling out one clear message:
💡 BTC dominance is nearing its peak, and we are extremely close to the bottom for altcoins—if we’re not already there!
The real question is: Are you ready for what’s coming next? Stay sharp, stay informed, and make sure you don’t miss what could be the biggest opportunity of the cycle!
Tricks around 102.4K targetMorning folks,
So, our weekly bearish DRPO "Sell" pattern has been confirmed. It means that until market either complete its 81K target or remains under 102.5K its invalidation point - this pattern presents the risk for the bulls.
With all this stuff on the table we make two decisions. First is - we cut potential upside target down to 102.4K area by two reasons. First - this is 0.618 expansion and it agrees with major 5/8 resistance level. Second - this is invalidation point of weekly DRPO "Sell" pattern.
So, conclusion is follows. For long-term traders we suggest to not consider any new long positions until DRPO is valid. For short entry with DRPO - keep an eye on 102.5K area.
For intraday traders we suggest that long position is still acceptable but with the new 102.4K target and very tight stop - just under 94K lows. Market has to start upside action now. If it will not happen, then it will not happen at all and weekly DRPO will start working.
I mark this setup as "Bullish" because of 102.4 target. But, in general we have bearish view until DRPO stands in place.
MicroStrategy’s Premium Is Fading – Time to Brace for a Drop?The strong optimism following Trump’s election in November fueled a Bitcoin rally, which in turn led to a massive surge in MicroStrategy’s ( NASDAQ:MSTR ) stock.
However, after reaching an all-time high near $550, MSTR experienced a sharp decline. Interestingly, despite Bitcoin hovering around $100K and even attempting a new ATH recently, this momentum hasn’t been reflected in MSTR’s stock price.
From a technical perspective, the price has broken below its ascending trendline and is now consolidating between $320 and $360.
Given the unjustified premium (at least in my opinion), I expect further downside for the stock.
Additionally, if Bitcoin fails to hold the key $90K confluence support, MSTR could see a sharp plunge below $200.
EURUSD H4 | Bearish DropBased on the H4 chart, price has broken below our sell entry level at 1.03536, confirming a potential bearish continuation.
A retest of this level may present further downside opportunities, with our take profit set at 1.02603, aligning with a pullback support and the 78.6% Fibonacci retracement.
The stop loss is placed at 1.04498, above a key resistance level, ensuring the bearish setup remains valid while allowing for natural price fluctuations.
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Gold next move in rising channel? XAUUSD GOLD update 🙌
We are observing the market and we are on our decision point first market have to break 2900.00 level ❗️
Then after correction our frist target would be 2885 then 2870.00 expected
The region we are showing indicates that market is in Bullish bias
It might take some correction and after correcting it will might be pump and the final all the time high would be almost 2930 - 2925.00 area
So be ready for the next move and update ❗️
#XAUUSD
China - U.S. Tariff Trade War!🩸China has slapped the U.S. with 10% tariffs on Energy products & automobiles as a retaliation🩸
China’s tariffs on U.S. energy & cars will hurt American exporters by reducing demand & pushing down prices, affecting profitability. Energy producers may struggle with oversupply, while automakers like Tesla and Ford face declining sales in China.
The move escalates U.S.-China trade tensions, discouraging investment and increasing market volatility. While lower energy prices could help inflation, job losses in key industries may offset any benefits.
U.S. policymakers might respond with countermeasures. If tensions rise further, a broader trade conflict could emerge, increasing risks for the global economy.
US 10Y TREASURY: higher on inflation expectationsThe major data release during the previous week was the US jobs report. The on-farm payrolls were lower from market expectations, at the level of 143K, however, this was not a concern of the market. The major indicator which moved the US Treasury yields to the higher grounds was a drop in unemployment combined with an increase in hourly earnings of 0,5% and higher from markets initial estimate. The increase in wages implies higher consumption and in the last instance, higher inflation. In addition, the Michigan inflation expectations rose to the level of 4,1%, indicating that US consumer sentiment stands on expectation of a higher inflation during this year. This was a signal to markets that the Fed will potentially hold interest rates at current levels for a longer period of time.
The 10Y US benchmark rose on Friday to the level of 4,51%, but ended the week at 4,49%. Investors will certainly use the week ahead to digest the latest jobs data in the US. In this sense, some smaller correction in yields might be possible. Still, the US trade tariffs continue to be a concern of investors, in which sense, any negative news related to imposed tariffs might swiftly push the yields again to the higher grounds.
EURUSD: in a mixed moodThe major data posted during the previous week for the US market was related to jobs data, released on Friday. The non-farm payrolls in January reached the level of 143K, while the market consensus was standing at 170K. At the same time, the unemployment rate dropped by 0,1 percentage point to the level of 4%, from previous 4,1%. Average hourly earnings were higher by 0,5% for the month, bringing it to the level of 4,1% on a yearly basis. As for other macro data posted for the US during the previous week, the ISM Manufacturing PMI for January was standing at 50,9, a bit higher from market estimate of 49,8. The jobs openings for December show a bit weaker data at 7,6M, in relation to the market expectation of 8M new jobs. The S&P Services PMI for January reached the level of 52,8, which was lower from the market expectation of 54,3. Friday also brought data for Michigan Consumer Sentiment preliminary for February at the level of 67,8, which was lower from estimated 71,1. The Michigan 5 years inflation expectations were also increased by 0,1 percentage point to 3,3%, from previous 3,2%.
Initial inflation estimate for inflation in January in the Euro Zone was 2,5% a bit higher from the market consensus of 2,4%. The core inflation is still elevated at the level of 2,7% y/y, again higher from forecasted 2,6%. The HCOB Composite PMI final for January in Germany was standing at 52,5 while the same indicator for the Euro Zone was at the level of 50,2. Both indicators were in line with market estimates. The retail sales in the Euro Zone in December was higher by 1,9% on a yearly basis, despite its drop of -0,2% for the month. The trade balance in Germany ended the year at the positive territory of 20,7B euro, much higher from estimated 17M euro.
During the previous week the eurusd currency pair was traded in a mixed manner. The Monday trading session started with a strong move from levels around 1,03 all the way down toward 1,05. This was not at all sustainable for the currency pair, so the rest of the week eurusd was traded between 1,044 and 1,031. The reversal toward the down side occurred in the Friday trading session, after the NFP and unemployment data. The currency pair ended the week at the level of 1,032. The RSI is still struggling to hold levels above the 50, but still without success. The indicator was mostly moving around the 45 level. This is an indication that investors are still not quite sure which side to trade. The moving average of 50 days is still diverging from MA200, indicating that there will be no cross of lines in the near period.
Friday's move of the currency pair to the higher grounds for the US Dollar, which occurred after the NFP data were released, is actually pointing that the market is still expecting interest rates to stay higher for a longer period of time. Although the figure of NFP jobs was lower from market expectation, still average hourly earnings showed some increase in the latest period, which might bring inflation to higher grounds, and consequently, impact Fed's decision to hold interest rates at current levels for a longer period of time. Markets will use the week ahead to digest a bit of the latest jobs data, in which sense, some reversal might be possible. Still, without significant data related to inflation, it should not be expected to make any significant move toward the upside. The Resistance line at 1,04 could easily be tested, however, for the higher grounds, there is currently no clear indication on charts. Just in case that the market decides to continue with the downtrend, then the level of 1,02 might be tested.
Important news to watch during the week ahead are:
EUR: Industrial Production in January in the Euro Zone, GDP Growth rate Q/Q second estimate for Q4 for the Euro Zone,
USD: Fed Chair Powell testimony at Tuesday, Inflation rate for January, the Producers Price Index in January, Retail Sales in January, Industrial Production in January
MARKETS week ahead: February 10 – 16Last week in the news
The US jobs data posted on Friday increased investors' concerns over a potential increased inflation in the US in the coming period. The US equity markets reacted with a negative sentiment, pushing the S&P 500 0,95% to the lower grounds, where the index ended the week at the level of 6.025. The US Treasury yields also reacted to the potential increase in inflation by reaching for one more time levels of 4,5%. The price of gold continues its positive track for the six consecutive weeks, reaching a fresh new all time highest level at $2.860, still fearing trade tariffs imposed by the US Administration. The crypto market was quite volatile during the week, with BTC dropping down to the levels of $96K.
The main macro data released during the previous week were the ones related to the US jobs market. The non-farm payrolls reached 143K in January, which was lower from the market estimate of 170K. Still, the main concern related to inflation came from the unemployment rate of 4,0% in January, which was lower by 0,1 percentage point from December and from average hourly earnings which came at the level of 0,5% increase for the month, and higher from market estimate. Although all these figures are positive for the US economy, markets were not happy. Simply, by calculating that higher employment in combination with higher earnings will push the spending higher as well as inflation. In this scenario, the Fed will have no options to decrease interest rates, which will be held at current levels for a longer period of time. The S&P 500 ended Friday trading session by 0,95% lower, while US 10Y Treasury yields reached 4,5% on the data release.
The AI race continues among tech companies. As per published news, Meta, Amazon, Alphabet and Microsoft are planning to invest $320 billion into artificial intelligence only during this year. These funds will be used to build up large data centers and other AI related infrastructure, which will support further development of the AI segment in these companies. Not only big techs are in the race for AI. As per news, SoftBank will invest $ 40B, with $260B valuation, into Open AI. Part of these funds will be used to further support the Stargete, a partnership project with Oracle.
The new US Administration is evidently bringing back large companies back to the US. The latest one which announced its return of focus toward the US market is a beauty-company L`Oreal. The company was a bit disappointed with its sale on the China market, in which sense, defined the US “as the land of opportunity”, switching back their focus from China to the US market.
Crypto market cap
The start of the previous week was promising, however, the second part of the week was not so nice for the crypto market. The US jobs data was the one to heat inflation fears, in which sense, investors reacted in a negative manner. All crypto coins ended the week in red, with BTC leading the drop in the crypto market capitalization in nominal terms. This week, there was a huge drop in the value of the crypto market, where $260B or 8% of the market capitalization was erased. Daily trading volumes remained almost flat in relation to the week before, moving around $ 230B on a daily basis. Total crypto market cap increase from the end of the previous year entered into a negative territory, with an actual decrease of 4%, where $120 was withdrawn from this market.
There has been a significant drop in the value of the crypto market, where almost all coins lost in value. BTC, as the coin with the highest market cap, decreased its value by 4,6% on a weekly basis, decreasing its cap by $92B. ETH also suffered a loss during the week, with a drop in value of 16,5% or $63B. XRP recently reached an ATH, however, this week the coin dropped by 16,%%, decreasing its value by almost $28B. DOGE was one of the main coins which suffered a higher loss of 19% w/w or $8,8B. Cardano was also down by 22,6% w/w or $7,2B. Market-favorite Solana also suffered the loss of 8,9% or $9,3B. TRUMP coins continue to lose value, with an additional drop in price of 11,7%.
As per coins in circulation, there have been some interesting developments with Polygon. Namely, the number of Polygons coins on the market increased by an incredible 24% during the single week. There is still no information regarding the cause of such a high increase of circulating coins. As for other altcoins, there has been an increase of 0,5% of the number of circulating coins of IOTA, while Solana increased its coins by 0,2%. At the same time, Maker decreased the number of coins in circulation by 0,7% w/w.
Crypto futures market
The sentiment from the spot market was transferred to the futures market. As of the weekend the crypto futures market was traded significantly lower when compared to the week before. BTC futures were traded lower by some 6% for all maturities. The futures maturing in December this year closed the week at the level of $103.705, while those maturing a year later were last traded at $112.745. This was the highest correction of expectation for the two years since the beginning of this year.
ETH futures also experienced a significant drop on a weekly basis of more than 22% for all maturities. All futures prices dropped below $3K. In this sense, futures maturing in December this year dropped to the level of $2.764, and those maturing a year later were last traded at $2.970.
WLD 3d BINANCE:WLDUSDT
one of the new currencies that have not yet taken their right to rise, I think it will make good gains in this cycle.
The price was under a lot of pressure and reached the previous low, I think this is enough here.
Targets levels are yellow, but the $2 and $2.2 zone should be surpassed, and the last high at 4 should be surpassed to reach the upper levels ..
Is $93,000 the Next Target?Bitcoin as decisively broken below a key support level, signaling a potential shift in momentum. The recent price action shows a rejection at this broken support, now acting as resistance, indicating that sellers are regaining control. This rejection reinforces the bearish outlook, as failed attempts to reclaim the level suggest continued downside pressure.
If bearish momentum persists, BTC could extend its decline toward the $93,000 support zone, a key level where buyers may attempt to step in. However, a sustained move back above the resistance zone would invalidate the bearish setup, signaling a potential shift in momentum. In this scenario, buyers could regain strength, possibly driving the price higher and negating the bearish bias.
Traders should remain cautious and monitor price action around these key levels to confirm directional bias before committing to a position. Risk management remains essential, given the volatility of BTC/USD.
OTHERS data points to biggest ALT-Season Good Day Investors and traders,
This the OTHERS on the weekly and I have taken some measured moves in what could be expected in time and price.
The OTHERS chart in my opinion is the last form of the higher risk curve which generally happens at the very end of cycles The others does not include the top ten crypto, so it a very good form of risk on.
I have been looking at the OTHERS chart fairly often of recent times because this is the time for it to really outshine Bitcoin and lead the market with fairly explosive gains.
I have marked a couple of possible time lines that could occur and both seem to be lining up in sort of way or another. From what I can see, others has one big wave remaining, and it’s the one you don’t want to miss
The Indicators
Fibonacci retracement
I have placed a potential take profit zone from the 1.272 to the 1.618 levels and anywhere in between. I have added an up trending channel that OTHERS would have to hold to stay somewhat relevant or then could be susceptible to adjustment.
2.RSI
I have measured the first breakout of the RSI from the 2015-17 and 2019-21 bull runs along with this one so far. The one more relevant to us is 2015-17 as this is the cycle we are more closely following. There seems to be a recurring trend of 90 plus bars before a top to OTHERS. One more thing that really stands out to me in the RSI this the first time it has shown a very strong bearish divergence. normally it seems to maintain or gain strength. right to the very end. time will reveal the real issue here.
3. ISO
The average sentiment oscillator to also show very consistent data for us. I have two measurements. The one points to late July and the the other late October. To me this could be the potential ALT-season time frame from July as it fizzles in the October time frame.
My suggestion to you is follow what you have been taught so far, do not get greedy, take profits when they are there and trust your game plan and stick to it. ALT- SEASON can you a lot of money, or lose you a lot of money. By design, its there to take any profits you have may have, or catch any late coming stragglers. Don’t get caught up in the hoopla.
Once again, I ask you for you input, I really want to hear from you.
Check my bio for more links and information
Kind regards,
WeAreSat0shi
BTCUSD-100 SMA REBOUND (?) - $135,000 / $140,000As illustrated, I'm trying to visualize a potential rebound off of the 100SMA that matches the resistance line of what looks to be an ascending triangle that has been broken and retested.
Price is showing support at such line that happens to overlap with the 100SMA.
I might be "wanting to see" bullishness in the market, but you be the judge of these observations.
The long rejection wicks at the bottom seem manipulative... almost as if there was selling pressure to shake off HODLERS and new investors (?) ...
Will the US approve the famous BTC reserve? ...