TradeCityPro | Bitcoin Daily Analysis #78👋 Welcome to TradeCity Pro!
Let’s get into the analysis of Bitcoin and key crypto indices. As usual, in this analysis I’ll review the triggers for the New York futures session.
⏳ 1-Hour Timeframe
As you can see in the 1-hour timeframe, Bitcoin is finally stabilizing above the 95,370 level. If this movement continues and the price stays above this level, the likelihood of a move up to 98,828 increases.
✔️ Over the past few days, I’ve strongly emphasized that you should open a position once 95,370 breaks. I hope you did, because that entry point was very significant, and breaking it could mark the beginning of Bitcoin’s next bullish leg.
💥 Currently, RSI is entering the Overbought zone, and if that happens, the chances of a sharp upward move increase. Buying volume is also rising, which is expected when a resistance level is broken.
📊 At the moment, opening new positions doesn't make much sense. If you already have an open position, I recommend riding the market momentum and taking profits whenever you notice momentum fading.
👑 BTC.D Analysis
Bitcoin dominance dropped slightly yesterday and returned below the 64.60 level. If this level is broken again, we can reconfirm the bullish sentiment.
🧩 If dominance gets rejected from the 64.60 ceiling, it’s likely to drop back down to the 64.22 support level.
📅 Total2 Analysis
Let’s look at Total2. Yesterday we saw a downward correction that extended to the 1.00 level. If you recall, I previously said I wouldn’t consider a trend reversal confirmed just from the 1.03 break — I’d wait for a break of the 1.00 support.
🔑 That’s why I didn’t close any of my positions at 1.03 and instead waited to see how the price would react at 1.00. As shown, the price reacted strongly at that level and quickly returned above 1.03.
✨ If the 1.05 level breaks, altcoins — just like Bitcoin — could begin a new bullish leg.
📅 USDT.D Analysis
Now let’s look at USDT dominance. Yesterday, it made a bullish move and broke above the 5.10 level, but the entire move turned out to be a fakeout, and the price dropped back below 5.10.
⭐ Currently, dominance is heading toward the 4.99 support. The main trigger for a bullish market shift is the break of this 4.99 level in Tether dominance. If this happens, altcoins will likely begin their bullish moves.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
Cryptomarket
PHA USDTHere is a good and simple setup for PHA. Prioritize preserve your capital and avoid over expectation. It's been awhile since the last I posted. Many invalid calls in my profile. Crypto market moved unexpected to the downside and I was unable to anticipate. All market got liquidated. Cheers to those who still in the game.
BITCOIN Monthly Candle close patterns since 2011 - APRIL CLOSE
Again, we got the expected Monthly Close, This time GREEN
April is traditionally a Strong Green Month, now with 9 Green Closes to 5 RED - Nearly twice as many Green to Red.
MAY is a different story, Nearly 50 / 50 previous closes with GREEN having an advantage of 1.
BUT, With April closing Green after the previous months closes, things do look positive.
On only 2 occasions have we had a GREEN JAN, RED FEB, RED MARCH, GREEN APRIL
And Both of them were on the way to ATH. ( Arrows )
On both those occasions we had a GREEN MAY, though the gains weer minimal and one was followed by a Green June and the other by a Red June.
We have had 4 occasions with a MARCH RED, APRIL GREEN, MAY GREEN
Of the previous 9 GREEN April Closes, 5 were followed by a Green June
And of those 5, 2 were followed by consecutive Green candles closes for the following Months.
Though in 2020 sequence ( 2nd Arrow) after a GREEN May close, you can see the candles were not big and we had Red Green Green Red for 4 months then went Green consecutively.
Of the previous 7 Green MAY candles, 4 were Bigger than the previous month candle.
I am more inclined to look at the 2020 sequence in this for now and yet, at the same time, as posted in another chart, I am also still looking at the lead up to the 2017 ATH and for this to continue, we need a Bigger GREEN MAY close this month.
There is a very strong line of resistance just over head.
Currently, at time of writing, The opening MAY candle is GREEN but only just
This month is CRUCIAL
TradeCityPro | FET: AI Token Eyes Breakout After Sharp Rebound👋 Welcome to TradeCity Pro!
In this analysis, I’m going to review the FET coin for you. This project is one of the top AI-related projects in the crypto category.
💫 With a market cap of $1.8 billion, it currently ranks 48th on CoinMarketCap.
📅 Weekly Timeframe
In the previous analysis, I mentioned that if the ascending trendline in this timeframe is broken, the price would make a higher high beyond 3.099, and with the activation of the trendline trigger, we could confirm a trend reversal in this timeframe.
✔️ As you can see, that scenario has played out. After breaking the trendline and the 0.382 Fibonacci level, the price dropped sharply down to the 0.786 level.
✨ The price reaction at this level was very quick, and after hitting this zone, it gained bullish momentum again with a bullish engulfing candle and has now reached the 0.797 area.
📈 If the 0.797 level breaks, the price could experience another sharp upward move. The next resistance levels are 1.095, 2.068, and 3.099 — with 1.095 overlapping with the 0.382 Fibonacci level.
📊 The main confirmation of trend reversal will be given by forming a higher high and higher low above the 0.797 level — confirming Dow Theory.
🔽 For a bearish continuation, the confirmation comes with a break of the 0.786 Fibonacci level. The main support levels are 0.185 and 0.058.
📅 Daily Timeframe
In the daily timeframe, we can better see the details of this bullish move. As observed, the price has had a sharp leg up from the 0.379 bottom to 0.791 without any real correction.
🧩 Given the strength of the 0.791 resistance, a correction is more likely here. If the price moves upward without correction, it’s usually not a good sign for trend sustainability. A healthy trend includes corrections.
🎲 However, if 0.791 breaks and RSI enters the Overbought zone, the price could continue rising toward the 1.128 resistance. While this might not be ideal for trend health, the risk-to-reward ratio makes opening a position worthwhile.
🛒 In my opinion, a correction followed by a new bullish wave would be a more ideal setup, increasing the chances of a breakout. Breaking this level could be a strong trigger for both spot buying and futures positions.
📉 For a bearish scenario, we need to wait for the price reaction to 0.791 and then enter after confirmation of trend reversal. Lower-level triggers would be the breaks of 0.567, 0.455, and 0.379.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Gold (XAU/USD) Bearish Continuation Within Descending ChannelThis chart shows XAU/USD (Gold vs. USD) trading within a clear descending channel. Price recently broke below a key support level, signaling bearish momentum. A potential retest of the broken support (now resistance) is expected before further downside continuation. The chart outlines two bearish targets: the first around 3,193 and the second near 3,100. If the retest fails and sellers step in, the downtrend is likely to continue toward those targets.
BTCUSD Short Setup Rejection from Major Resistance Targeting 89kThis BTC/USD chart shows a clear sell bias as the price repeatedly fails to break above a major resistance zone marked near the $95,500 level. Multiple rejections (highlighted with red arrows) indicate strong selling pressure. The suggested path shows a potential drop toward the 1st target around $91,530, and if momentum continues, further decline toward the 2nd target near $89,000, which aligns with a broader support zone.
Entry Zone:
Between $94,800 – $95,300 (inside the major resistance zone)
Stop-Loss (SL):
Just above the resistance zone, around
Take Profit Levels (TPs):
TP1: $93,200 – First minor support zone (lock partial profits, move SL to entry)
TP2: $91,500 – Key horizontal support (major reaction zone, good for larger partials)
TP3: $89,200 – Close to the lower support zone (final target for full exit)
This setup offers a solid Risk-Reward Ratio of approximately 1:2.5 to 1:3, depending on exact entry.
USDT Dominance Update (12H)It seems it can drop a bit more. Upon reaching the green box, it could reverse upwards and lead to a market correction in crypto.
In the green zone, caution is needed, and new purchases in the crypto market should be accompanied by precise capital management.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Price Takes a Breath Before the Next RunBINANCE:HBARUSDT has been moving in a smooth uptrend, followed by a brief consolidation — forming a classic bullish pennant pattern. This indicates a temporary pause before a potential continuation toward the main target zone at 0.21182 – 0.21855.
A breakout above 0.19195 confirms the validity of the pennant pattern, especially after the price successfully held above the demand zone at 0.18907 – 0.18633. The next key level to watch is the prior high of the pennant (highlighted with a red arrow).
For a solid bullish continuation, ensure the breakout is clean — no fakeouts or re-entries back into the pennant. If a false breakout occurs, it's wise to either trim your position or set a break-even stop to protect your capital.
Note: Manage risk with proper stop loss just below the demand zone.
TradeCityPro | Bitcoin Daily Analysis #77👋 Welcome to TradeCity Pro!
Let’s dive into the analysis of Bitcoin and key crypto indexes. As usual, I’ll walk you through the triggers for the New York futures session.
⏳ 1-Hour Timeframe
As you can see in the 1-hour timeframe, Bitcoin is still ranging, and volume has decreased compared to yesterday. In times like these when market volume is low, you need to pay closer attention.
✔️ Today, I’ve drawn an ascending trendline on the chart. When price performs very shallow corrections after an uptrend and each low is higher than the previous one, it indicates a very strong bullish trend. So if this trend continues, it can lead to some very attractive trade setups.
💥 As mentioned, volume is quite low today, and volatility is also lower than before. This means that most market participants are waiting to see what will happen before reacting. We should take the same approach and wait for our triggers to be activated.
📈 For a long position, it’s pretty clear that Bitcoin has a very important resistance at the 95370 level, which is currently the only long trigger. If you don’t have a position from lower levels, this is a very logical and attractive entry, and I suggest having a position ready if this level breaks.
📊 For a bearish scenario, we haven’t yet received confirmation, and we need to wait until at least the trendline is broken. After that, with the activation of a trendline trigger like the 93626 level, we can enter a short position.
👀 As I’ve said in previous analyses, I personally won’t open a short position unless Bitcoin reaches the 91945 level, as that’s my first confirmation for a trend reversal.
👑 BTC.D Analysis
Let’s check Bitcoin Dominance. The dominance range box continues, and yesterday it again moved upward from the 64.22 support and reached the range top at 64.60.
☘️ If you had opened a position on altcoins like ETH after their triggers activated yesterday, you probably hit stop-loss because of this dominance move. As dominance moved up after those triggers, capital flowed out of altcoins, causing many of them to fake out and fall back below their resistance.
📅 Total2 Analysis
Now for Total2. Just like Bitcoin, Total2 is forming a range box, but it has significantly less bullish momentum. While Bitcoin has some upward slope during its range, Total2 is completely flat and oscillating between 1.03 and 1.05.
⚡️ Triggers for Total2 remain unchanged: breakout of 1.05 for bullish confirmation and 1.03 for bearish. But just like I mentioned that I won’t act on Bitcoin’s 93626 break and will wait for 91945, here I also won’t act on a 1.03 break—I’ll wait for confirmation below 1.00.
📅 USDT.D Analysis
Let’s move to Tether Dominance. A new lower high has formed just below 5.14, and for now, I’ve adjusted the resistance level to 5.10, because as you can see, the price is reacting well to this area and we can use it as a trigger.
🧩 For a bearish USDT.D scenario (which would mean bullish for the market), breaking below 4.99 remains the key trigger. For a bullish USDT.D scenario, breaking above 5.10 would be the first confirmation of a shift in dominance upward.
❌ Disclaimer ❌
Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel.
Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.
TradeCityPro | QNT: Ranging Near Key Resistance in RWA Favorite👋 Welcome to TradeCity Pro!
In this analysis, I want to review the QNT coin for you. This project is one of the RWA projects that has been heavily hyped in recent months.
✔️ Currently, this coin has a market cap of $908 million and ranks 72 on CoinMarketCap.
⏳ 4-Hour Timeframe
On the 4-hour timeframe, as you can see, there is an upward trend along with a curved trendline that has caused the price to move from the bottom of 59.9 to 76.8.
💫 After the price reached the resistance at 76.8, a ranging box has formed, and volume has also been decreasing. A temporary support bottom has formed at the 73.8 area, and the price is ranging between these levels.
📊 Now, with the ranging box that has formed, the price has reached the curved trendline, and this trendline can potentially lead to bullish momentum entering the market.
💥 On the other hand, the RSI oscillator is also on important support at the 50 level, and if the price is supported by this trendline, the RSI moves upward again, and volume increases, we can enter a long position with the breakout of 76.8.
🔍 An important point about this entry is that there is a very strong resistance at the 80.1 area, and if you enter a position on the breakout of 76.8, you probably won't see much profit until the price reaches 80.1.
🎲 So basically, the 76.8 trigger is a preliminary trigger for the breakout of 80.1, and if I open a position on the breakout of 76.8, I won’t close it at 80.1 and will wait to see if the price breaks through the 80.1 area or not. In my opinion, this position is worth the risk because if 80.1 breaks, a very large reward could result from this position.
🔽 But if you want to take less risk, you can wait and open your position with the breakout of 80.1 itself. Naturally, since this area is a major resistance and the entry point is higher than 76.8, opening a position at that level will be harder and the likelihood of getting a proper confirmation candle is lower than with 76.8.
📉 For a short position, if we want to get a trigger from the chart itself, considering the decreasing volume and price reaching the curved trendline, if this trendline breaks and the 73.8 trigger is activated, we can enter a position. RSI confirmation would also be the break of the 50 area, and with that break, we could also get momentum confirmation.
🔑 But the point is that we must also consider market conditions. For example, in the current market conditions, the overall trend of Bitcoin and indexes like Total and Total2 has been bullish in recent weeks, and we can’t get bearish confirmation from these indexes.
✨ So it's possible that with the break of 73.8, the price moves downward, but because the indexes I mentioned also affect altcoins, with the continuation of their bullish trend, the downtrend of QNT may come to an end and its trigger may become a fakeout. That's why it’s better to wait for Bitcoin and the indexes to confirm a trend reversal before looking for short triggers.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
What Is SMT Divergence, and How Can You Use It in Trading?What Is SMT Divergence, and How Can You Use It in Trading?
SMT divergence, or Smart Money Technique divergence, is a concept used by traders to analyse imbalances in correlated markets. By identifying when price movements deviate between related instruments, traders can uncover potential shifts in market momentum, often linked to institutional activity. This article explores what SMT divergence is, how SMT divergence trading works, and its practical applications.
What Is SMT Divergence?
SMT divergence, short for Smart Money Technique divergence, refers to a specific type of price discrepancy between two correlated financial instruments. Part of the Inner Circle Trader (ICT) methodology, this divergence is often interpreted as a sign of institutional or "smart money" activity, as it highlights potential inefficiencies or imbalances in the market.
Here’s how an ICT SMT divergence works: correlated instruments—like EUR/USD and GBP/USD in forex, or major stock indices like the S&P 500 and NASDAQ—typically move in the same direction under normal market conditions. SMT divergence occurs when one instrument makes a higher high or lower low, while the other fails to follow suit. This inconsistency suggests that buying or selling pressure may be uneven across these markets, often caused by larger market participants adjusting their positions.
For example, if EUR/USD forms a new high, while GBP/USD lags behind and fails to break its previous high. This divergence could indicate waning momentum in one pair, hinting at a potential reversal or shift in the overall market structure. Traders analysing SMT divergence often see these moments as key opportunities to assess whether institutional players might be involved.
To identify an SMT divergence, you can monitor two correlated assets’ charts and observe discrepancies. Also, there are SMT divergence indicators for MT4, MT5, and TradingView available online that can automate the process.
The Core Components of SMT Divergence
SMT divergence relies on three key components: correlated instruments, divergence between price movements, and the involvement of institutional players. Understanding these elements is crucial for applying this concept.
1. Correlated Instruments
At the heart of SMT divergence is the relationship between correlated markets. These are instruments that typically move in tandem due to shared economic drivers. For instance, in forex, pairs like EUR/USD and GBP/USD often exhibit similar trends because they’re influenced by the strength of the US dollar, as well as their close regional ties and trade relationships. In equities, indices like the Nasdaq 100 and S&P 500 often align because they reflect broader market sentiment and contain overlapping stocks.
2. Divergence in Price Movements
The divergence occurs when these typically correlated instruments fail to move in sync. For example, one instrument may reach a higher high, while the other stalls or even reverses. This mismatch is more than just noise—it can signal a deeper imbalance in the market, often linked to uneven supply and demand dynamics. It’s these price discrepancies that traders scrutinise to identify potential turning points.
3. Institutional Activity
One of the reasons SMT divergence is so closely watched is its potential link to smart money behaviour. Institutions often use correlated instruments to mask their actions, creating subtle imbalances that only become apparent through careful analysis. For instance, when one correlated pair lags, it might reflect deliberate accumulation or distribution by larger players.
How Traders Analyse SMT Divergence
Analysing SMT divergence helps in understanding the nuanced relationship between correlated instruments and interpreting these imbalances correctly. Unlike leading correlations—such as oil influencing the Canadian dollar—SMT divergence doesn’t rely on one asset consistently driving the other. Instead, it focuses on shifts in momentum where neither instrument is the leader, but their combined behaviour hints at potential market moves.
Identifying Divergence
Traders start by observing price action in two correlated instruments or timeframes. SMT divergence becomes apparent when one instrument forms a higher high or lower low, while the other fails to do so. For example, if EUR/USD makes a higher high, but GBP/USD stalls below its previous peak, this inconsistency could signal fading bullish momentum in the broader market. The key is that neither asset leads; instead, the divergence itself provides the signal.
Some common correlations traders use include:
- Forex Pairs:
EUR/USD and GBP/USD
USD/JPY and USD/CHF
DXY and USD/CAD
- Cryptocurrencies*:
BTC/USD and ETH/USD
- Equity Indices:
S&P 500 and NASDAQ
FTSE 100 and DAX
- Treasuries:
US 10-Year Treasury Yield and USD/JPY
- Commodities:
Brent Crude and WTI Crude Oil
Interpreting Divergence at Extremes
SMT divergence is particularly significant when it occurs at market highs or lows. When divergence appears at highs—such as one instrument making a higher high while the other fails—it often signals a potential bearish reversal in the stronger instrument. Conversely, at lows, if one makes a lower low while the other holds firm, it may indicate a potential bullish reversal in the weaker one. This imbalance highlights where momentum might shift.
Adding Context
Traders rarely rely on an SMT divergence strategy alone. They often look for supporting evidence, such as volume analysis, market structure shifts, or order flow data, to confirm the signal. For instance, divergence combined with signs of institutional selling near a high could strengthen the case for a bearish move.
SMT Divergence in Different Market Conditions
SMT divergence behaves differently depending on market conditions, offering traders insights that vary between trending and ranging environments. Its effectiveness hinges on the context in which it appears, so understanding how it adapts to different scenarios is key.
Trending Markets
In trending markets, SMT divergence often signals potential reversals or pauses in momentum. For example, in a strong uptrend, divergence at a new high (where one correlated instrument makes a higher high while the other does not) can indicate waning buying pressure. This inconsistency might suggest that institutional players are beginning to reduce their positions or shift market direction.
A similar principle applies in downtrends: divergence at a fresh low, where one instrument breaks lower while the other doesn’t, could signal that bearish momentum is losing steam. Traders often use these moments to reassess their analysis and consider the possibility of a reversal or pullback within the trend.
Ranging Markets
In a range-bound environment, SMT divergence takes on a different role. Rather than hinting at trend reversals, it often highlights potential breakouts or false moves. For instance, during a consolidation phase, if one correlated instrument makes a sharp move outside the range while the other stays contained, it may signal that the breakout is unsustainable and a reversal back into the range is likely.
Alternatively, if both instruments diverge significantly at the edges of the range, it could suggest that smart money is accumulating or distributing positions in preparation for a breakout.
Different Asset Classes
SMT divergence isn’t limited to one market type. In forex, it often reveals imbalances caused by macroeconomic drivers like central bank policies. In equities, it can signal sector rotation or institutional adjustments. Commodities, particularly oil or gold, may show divergence influenced by supply and demand dynamics.
Limitations and Common Misconceptions
While SMT divergence is a powerful tool for analysing market imbalances, it’s important to understand its limitations and avoid common misconceptions. Misinterpreting divergence can lead to flawed decisions, especially if it’s viewed in isolation or without proper context.
Limitations
- False Signals: Not all divergences indicate institutional activity or meaningful shifts in the market. Low liquidity or erratic price movements can create divergence that doesn’t hold significance.
- Context Dependency: SMT divergence requires a solid understanding of market conditions. Its reliability decreases in highly volatile or choppy environments where correlations break down temporarily.
- Not a Standalone Tool: Relying solely on SMT divergence can be risky. Traders use it alongside other forms of analysis, such as market structure or volume data.
Common Misconceptions
- Always Linked to Institutional Activity: Not every instance of SMT divergence involves smart money. Divergences can also result from retail trading activity or macroeconomic events.
- Predicting Market Direction: SMT divergence doesn’t guarantee outcomes; it highlights imbalances. Further analysis is needed to evaluate whether the market will reverse, continue, or consolidate.
- Universal Applicability: While it works across various markets, not all instruments are equally suitable for SMT divergence due to differences in liquidity or drivers.
Practical Applications of SMT Divergence
SMT divergence is a versatile analytical method that traders use to refine their strategies and deepen their understanding of market dynamics. Here’s how it’s typically applied in practice:
Identifying Market Turning Points
One of the most common uses of SMT divergence is spotting potential reversals. When divergence appears at key highs or lows, it often signals that momentum is shifting. When combined with other common trading tools, such as support and resistance, as well as ICT methodology concepts like order blocks and fair value gaps, this can be used to time entries or adjust risk exposure.
Potentially Enhancing Risk Management
SMT divergence can potentially enhance risk management by offering early warnings about changes in market conditions. If divergence aligns with other factors—such as weakening volume or significant resistance/support levels—it can serve as a signal to tighten stops or reduce position sizes, depending on the trader’s broader approach.
At the same time, it can also provide clear boundaries for setting stop losses. If a trader has confidence that a reversal in one asset is likely due to an SMT divergence, then a stop loss can be placed immediately after the maximum or minimum of the divergence.
The Bottom Line
The SMT divergence is a valuable tool for understanding market imbalances and spotting potential turning points. By combining it with other analysis methods, traders can gain deeper insights into price action.
FAQ
What Does Divergence Mean in Trading?
Divergence in trading refers to a mismatch between the price action of an asset and a technical indicator or between two correlated instruments. It often signals a potential change in trend, as the imbalance suggests a shift in market momentum.
What Is SMT in Trading?
SMT in trading stands for Smart Money Technique. SMT divergence is one of the ICT trading concepts. It focuses on identifying market imbalances that may reflect the activity of institutional traders, seen through divergence between correlated instruments.
What Does SMT Divergence Mean?
The SMT divergence meaning refers to an occasion when two correlated instruments fail to move in sync. One can make a higher high while the other does not or one can make a lower low while the other doesn’t. This indicates potential smart money involvement and signals a possible trend shift.
What Is an Example of SMT Divergence?
A common example is in forex, where EUR/USD forms a higher high, but GBP/USD does not. This divergence could suggest fading bullish momentum, signalling a possible reversal in EUR/USD.
What Is the Strongest Divergence Indicator?
While SMT divergence itself is powerful, traders often combine it with indicators like RSI or volume profiles for added confirmation. The strongest signals come from divergence paired with a broader market context.
*Important: At FXOpen UK, Cryptocurrency trading via CFDs is only available to our Professional clients. They are not available for trading by Retail clients. To find out more information about how this may affect you, please get in touch with our team.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Bearish drop?Ethereum (ETH/USD) is reacting off the pivot and could drop to the 50% Fibonacci support.
Pivot: 1,833.07
1st Support: 1,686.37
1st Resistance: 1,949.39
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bitcoin Cash —An Opportunity That Cannot Be MissedBitcoin Cash already grew quite a bit between June 2023 and April 2024, total growth from bottom to top amounts to 699%, but this is not all.
Right now the conditions are perfect for the continuation of this long-term bullish phase. The bear market bottom was hit in June 2022, after an entire year of sideways action, Bitcoin Cash broke up and produced the chart that we are looking at now. It has been a sequence of higher highs and higher lows.
Between April 2024 and April 2025, we have a long-term correction, a classic ABC.
The C wave is a higher low compared to the low that was hit in August 2023. The next high is a projected higher high compared to the start of the ABC correction, April 2024. This higher high is likely to turn into a new All-Time High.
This is the last chance to enter while prices are low. Just in 2-3 weeks time, Bitcoin Cash will be trading many times higher and it will never move this low again.
Do what you have to do. Think if you have to think. Plan if planning is what you need; but, keep in mind that this is an opportunity that cannot be missed.
Namaste.
It is yours to take...Back in 2024 after the early August low Bitcoin produced three weeks green. There was first a small bounce, a higher low followed by three weeks candles closing green. Today is the same. After these three weeks one last red week and then the start of major advance. Bitcoin grew from a low of $52,500 to a high of $110,000.
The rise started with the three white soldiers signal again today is the same, what will you do?
It was a rise of more than 100% and yet still not the bull market year based on the halving and past history.
Bitcoin launched 2009 four years later the first major bull market and All-Time High, we all know the story in 2013. MtGox and the rest. It continues and exactly four years later we get a new All-Time High, major growth and Bitcoin goes mainstream, everybody knows about Bitcoin now and it is 2017. It doesn't stop, it continues.
Then the market crashes the end is near and people start to quit, none of those are like me who continue to post, to publish, to fight, to persist and to win. In 2021 the story is not new already old, Bitcoin hits a new All-Time High, exactly four years later and four years after 2021 is 2025... We are already in late April and no bullish action this year, are we late?
If the August low marks the start of the current advance a new All-Time High can happen in August 2025 but no, too soon, right now there are too many Altcoins.
In November 2024 Bitcoin broke above $80,000 for the first time in its history and this is the biggest development in years from a bullish perspective. So we can take November as the starting date. If we calculate one year then the next All-Time High can happen in November 2025 are we late?
Any buy below $100,000 is still a bargain we are not late at all. The next All-Time High can happen in August, in November, in December 2025 or even in Mach 2026 that doesn't matter at all, really. What truly matters right now is to buy and hold and go LONG do you agree?
That's it. This is the opportunity that your life will change.
It is right in front of you right now, it is yours to take.
Buy Bitcoin and hold.
You will be happy with the results.
Namaste.
BTC Forming Bullish Pattern and Testing Red Resistance Zone 🚨 CRYPTOCAP:BTC Forming Bullish Pattern and Testing Red Resistance Zone 🚨
CRYPTOCAP:BTC has formed a bullish pattern and is currently testing a significant red resistance zone. A breakout above this level could confirm the bullish trend and signal further upward movement.
📈 Technical Overview:
Pattern: Bullish
Resistance Zone: Red area currently being tested.
Gold Spot (XAU/USD) Bullish Setup: Buy Zone to Target Levels Gold Spot (XAU/USD) on the 1-hour timeframe. Key points:
Support Zone: Strong support is identified in the yellow zone around 3,290–3,293, where price has bounced multiple times.
Buy Zone: Market is currently in a potential buy zone just above support, signaling a possible long entry.
Targets:
1st target: Around 3,368
2nd target: Around 3,419
All-Time High: Marked as a potential long-term resistance above 3,500.
Outlook: If price respects the support and buy zone, the market may rally toward the 1st and 2nd targets. Watch for bullish confirmation before entering.
Bearish Head and Shoulders Pattern Confirmed 🚨 NYSE:SUN
Bearish Head and Shoulders Pattern Confirmed 🚨
NYSE:SUN
has formed a bearish head and shoulders pattern and has been rejected from the neckline. The target for this bearish move is the green line level.
📈 Technical Overview:
Pattern: Bearish Head and Shoulders
Neckline: Rejection confirmation
🎯 Target: Green line level.
NEAR/USDT 1H Chart: Breakout or Breakdown?Hey crypto traders! Let’s zoom into this 1-hour chart, because NEAR is serving up some serious action!
We’ve got a massive triangle forming, with the price squeezing tighter and tighter between converging trendlines. NEAR is currently dancing around $2.466, teasing a breakout after bouncing between resistance at $2.729 and support at $2.419. This pattern is a pressure cooker, and a big move is coming — will it soar to new highs or crash back down?
A bullish breakout above the upper trendline could propel NEAR past $2.610, potentially targeting $2.729 or higher! But if it fails to hold support at $2.540, we might see a dip toward $2.419 or even lower.
Key Levels to Watch:
Resistance: $2.610
Support: $2.540
Breakout Target: $2.729+
Breakdown Risk : $2.419
What’s your take — bullish surge or bearish pullback? Let’s hear your predictions below!
Bitcoin $45k in 45 Days. Believe it or Watch It!Sometime people don't believe predictions because they need proof. Watch and learn people. Don't get caught holding the bag. Just ride the waves. No ema no alerts just market structure. I trade for fun and accuracy. This is a discipline sport so please watch and act accordingly. But this will play out exactly as expected. Go USA! #blackrock