BITCOIN Will Go Lower From Resistance! Short!
Take a look at our analysis for BITCOIN.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 95,186.
The above observations make me that the market will inevitably achieve 90,936 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Short
GBPNZD Will Go Lower! Sell!
Here is our detailed technical review for GBPNZD.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 2.218.
Considering the today's price action, probabilities will be high to see a movement to 2.208.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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CAD/JPY BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
Bearish trend on CAD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 107.832.
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S&P 500 Comes Back From Extreme "Extreme"In the S&P 500, we observe a very similar scenario to the Nasdaq (see link to the NQ chart).
It’s worth noting that we’ve seen this situation a few times before: the price traded outside the orange fork, moved back into the fork, but then left behind a "Hagopian" and shot back above it.
This is irrational market behavior caused by artificial buying pressure (Gamma Squeeze).
Now, we see the market bouncing off the 1/4 line between the warning line and the U-MLH of the white fork. And yet again, we’re trading within the orange fork.
What now?
Back up again or is it really heading down this time?
Read my lips: "I - Don’t - Know." §8-)
Buuuut, the projection and the extent of the over extension lead me to believe that this time, it’s going to crash!
Like in the NQ, my stance here is **short** for the coming weeks, and possibly even months.
GBPUSD Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25500 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.25500 support and resistance area.
Trade safe, Joe.
NQ - Nasdaq? Read Tomorrows Wallstreet JournalIt hasn’t made any sense for a long time now how the markets keep climbing.
Manipulation? Self-perpetuation?
Honestly, who cares why. As the saying goes:
“The dwarves dug too deep. And what they unearthed was their doom.”
Or, in another version:
“The greedy vultures flew too high, and all they found was gravity.”
In the chart, we see two pitchforks:
The orange one highlights the actual overextension.
The white one represents the moderated version.
Interpreting this image is simple if you have a rulebook you can trust—and a few decades of market experience under your belt. §8-)
1. **The price turns at the orange centerline.**
This means the market is in "balance"—in the context of the overextension.
Or…
2. **Put differently:** In the context of the white pitchfork, the market overshot the upper median line parallel. This was an overextension by a factor of 2.
**What do we do with this?**
We stick to the rulebook for median lines.
The rulebook says that when the price trades above the U-MLH (upper median line parallel), fails to hold, and drops back into the fork, the market will fall to the next line.
- **Orange fork:** Down to the L-MLH (lower median line parallel).
- **White fork:** Down to the centerline.
Beyond that, I **think/guess/predict/read-tea-leaves** that the market will fall much deeper in 2025.
Please note the distinction here:
- The first statement is the projection—the interpretation of the chart.
- The latter is a speculation (no crystal ball involved).
For me, it’s clear: medium-term **short** with multiple price targets.
EURUSD: The Dollar Continues to Take OverHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.04700 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.04700 support and resistance area.
Trade safe, Joe.
BTC, correcting now into 2025It looks very likely that BTC has completed wave 5 of higher degree of trend of 1. Therefore, we'll see a chunky, sizeable correction that has the potential to go down all the way to the 50s. It may not go this low, but please be aware that it 'could' following the classic ABC pattern. Also, keep an eye on the Hurst cycles below - it has to do it quite quickly. If it does go down to 50k, then I'll be buying that up like Miss Pacman.
AUD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
AUD/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 95.787 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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NZD/JPY BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
NZD/JPY pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 86.825 area.
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CHF/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
We are going short on the CHF/JPY with the target of 171.362 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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AUDCAD Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCAD for a selling opportunity around 0.90500 zone, AUDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.90500 support and resistance area.
Trade safe, Joe.
A rising Wedge Formation In the 4H - Short for Short Period.So even though Bitcoin is in the middle of a huge upward move markets always gave us the opportunity to make money in the middle of every strong trending moves. For now we got a rising wedge formation with a heavy pull back based on the news from the FED and the zone which is acting as a magnet support level got more confluence points including the strong demand zone, the horizontal support line of the 2 formed triangles and the 1.27 extension fib level on the higher timeframe. All this points and some other additional insights are included in this short video and enjoy watching it. Please do consider to do your own research before making any type of investments in any type of markets and I urge you to notice that this is not a financial advice at all rather a personal view point.
Nathnael B.
USDCHF A Fall Expected! SELL!
My dear followers,
This is my opinion on the USDCHF next move:
The asset is approaching an important pivot point 0.8939
Bias - Bearish
Safe Stop Loss - 0.8966
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.8891
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
EURUSD Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for EURUSD below:
The instrument tests an important psychological level 1.0498
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.0482
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBPCHF Trading Opportunity! SELL!
My dear subscribers,
This is my opinion on the GBPCHF next move:
The instrument tests an important psychological level 1.1361
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1313
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK