BTC - Cleaned up the lows!Bearish momentum is starting to stall here at the lows.
New month, and we started it by cleaning up the previous month's bad lows.
If we can hold here I'm looking for a trendline retest and VAL retest soon. Maybe we get one more sweep of the low, giving us a three drive pattern.
Reclaim VAL then it's back to VAH, maybe take out all the bad highs.
If we start bleeding into the lower demand zone (green box), I will start paying attention for a potential bearish retest into 110k, which we be our last area of imbalance to fill.
Community ideas
Bitcoin at $110,000?After reaching its last ATH, Bitcoin practically went into a coma. Now, with the strengthening of the dollar, it's undergoing a correction — and if that correction deepens, there's a possibility it could drop to \$110,000. We'll have to see whether it finds support around the \$112,000 level or not.
USDJPY Is Very Bearish! Sell!
Here is our detailed technical review for USDJPY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 150.492.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 148.583 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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 subscribe and comment my ideas if you enjoy them!
I maintain my #3,277.80 and #3,252.80 TargetsI didn't engaged any re-Sell orders throughout yesterday's session and re-Sold Gold on #3,295.80 ahead of Asian session, with plan to keep orders over-night. However due NFP, Gold might be stationary / ranging until the news as I closed both of my orders on #3,291.80 / each #9.000 Eur Profit and my #3,300.80 pending Sell limit has been triggered over-night which is now running in Profits with Stop on breakeven. I do expect #3,277.80 and #3,252.80 Targets to be met within #1 - #3 sessions and if there aren't NFP numbers, I would keep all three orders / set of Selling orders maintaining my first #3,277.80 Target. Due the news, Gold might fluctuate within Neutral Rectangle until the news.
Technical analysis: My earlier Selling configuration / Technical expectations was confirmed on Hourly 4 chart under prolonged weakness and Price-action respecting the trend-line guarding the downtrend (very Bearish formation) as Hourly 1 chart is already an aggressive Descending Channel (width opened on Williams) that should reach it’s next local Low’s (currently Trading slightly below Double Bottom) and Oversold state near my take Profit of #3,252.80 benchmark. If the bands are widened Traders may witness #3,277.80 test, also if gets invalidated and #3,270.80 gives away, #3,252.80 mark extension test is inevitable. In any case I will update my Targets or levels of Profit taking if I decide to exit earlier than #3,252.80 benchmark to be in accordance with the Daily chart’s period / I already ride Selling wave since #,3,300's and my Profit will be already good to ignore.
My position: DX is soaring, Gold is under Bearish Technical developments and #3,252.80 benchmark is my final Target of current Selling leg. Only factor which can reverse this Intra-day but not postpone is NFP. I expect downside Jobs surprise which may reverse DX from local High's however hot upside surprise will make Gold test #3,252.80 Intra-day. NFP or not I do believe Gold is Bearish. Trade accordingly.
GBPJPY: Strong Bullish Reversal from Demand ZoneGBPJPY has bounced sharply from a key demand zone, indicating renewed bullish momentum. The pair continues to follow the broader bullish bias in GBP crosses, with JPY weakness driven by the Bank of Japan's dovish policy stance.
Technical Analysis (4H Chart)
Pattern: Bullish rejection from the 195.30–195.50 demand zone.
Current Level: 195.58, rebounding from strong support, setting up for a potential upward leg.
Key Support Levels:
195.34 – immediate demand zone and critical support.
194.90 – deeper backup support if a pullback occurs.
Resistance Levels:
197.31 – near-term resistance and first upside target.
199.72 – extended target if bullish continuation strengthens.
Projection: As long as 195.34 holds, GBP/JPY could push toward 197.31, with potential for 199.72 if GBP strength persists.
Fundamental Analysis
Bias: Bullish.
Key Fundamentals:
GBP: Supported by the BOE’s cautious but tight stance due to persistent inflation pressures.
JPY: Remains fundamentally weak, with the BoJ avoiding major policy tightening while intervention threats only provide short-term support.
Risk Sentiment: Mild risk-on conditions favor GBP over safe-haven JPY.
Risks:
BoJ FX intervention could temporarily strengthen JPY.
A dovish BOE shift could slow GBP momentum.
Key Events:
BOE policy updates and UK CPI.
BoJ commentary and risk sentiment indicators.
Leader/Lagger Dynamics
GBP/JPY is a leader among JPY pairs due to GBP’s volatility and strength. It often outpaces EUR/JPY and CHF/JPY, making it a key pair for JPY sentiment shifts.
Summary: Bias and Watchpoints
GBP/JPY is bullish, with price rebounding from the 195.34 demand zone. Upside targets are 197.31 and 199.72. Watch for BOE communication, BoJ intervention signals, and global risk sentiment for confirmation of the move.
BTC HUNTS LIQUIDITYThis is just my opinion, BTC will hunt liquidity before taking new High. Since November 2024 after President Trump was elected, the price of BTC surge from $74,000 and retrace almost the same price on April 2025 after taking its new High. History will repeat itself and when history failed, there will be a long Bearish at least 90%.
AVGO Bullish Impulse Wave Structure in ProgressAVGO continues its macro advance with a clear 5-wave impulse structure unfolding. The current price action marks the completion of subwave (i) of wave ⑤, setting the stage for a corrective pullback into subwave (ii).
We expect this corrective leg to reach into the 38.2%–50% Fibonacci retracement zone of subwave (i), which will serve as a potential re-accumulation area before the next bullish expansion.
The strategy remains to monitor the development of wave (ii) closely, waiting for key price reaction around the identified retracement zone to build positions in anticipation of subwave (iii) of ⑤ typically the strongest and most impulsive move in Elliott Wave structure.
Targets are shared on the chart for clarity. Patience here is key as we await the right entry zone aligned with technical confluence.
📌 Drop your stock requests in the comment section for quick chart updates — only equity-based assets will be accepted under this post.
Bitcoin Could Accept bearish TrendBitcoin is currently testing a key resistance zone between 120,000 and 121,000. While price action is attempting to break higher, market conditions suggest the possibility of a false breakout rather than a sustained bullish continuation.
BTC has approached a significant resistance band, and early signs of exhaustion are visible. Unless the price decisively holds above 121,000, any breakout may lack conviction. Given the broader unresolved downtrend, a corrective move remains likely.
If the breakout fails to sustain, we anticipate a pullback toward the 117,000 to 115,000 range. This would align with a retest of previous support zones and continuation of the short-term bearish structure.
Ps: Support with like and comments for better analysis Thanks.
Head & Shoulders on EUR/USD daily!We're currently observing a significant Head & Shoulders pattern forming on the EUR/USD daily chart, with the price just breaking below the neckline on the right shoulder.
Applying standard Head & Shoulders trading principles, we measure the distance from the head's peak to the neckline and project that same range downward from the breakdown point. Based on this, the estimated target price (TP) for the trade lands around $1.135. The stop-loss will be positioned just above the right shoulder to manage risk effectively.
We'll be watching closely to see how this setup unfolds. 🍻
#SXTUSDT #1D (Binance Futures) Descending trendline break retestSpace and Time (SXT) pulled back to 50MA daily support, looks ready for mid-term recovery after those two dragonfly dojis in a row.
⚡️⚡️ #SXT/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (2.0X)
Amount: 5.0%
Entry Targets:
1) 0.08264
Take-Profit Targets:
1) 0.15684
Stop Targets:
1) 0.05787
Published By: @Zblaba
NYSE:SXT BINANCE:SXTUSDT.P #1D #SpaceAndTime #ZK #AI #DPoS spaceandtime.io
Risk/Reward= 1:3.0
Expected Profit= +179.6%
Possible Loss= -59.9%
Estimated Gaintime= 1 month
SPY: I think dollar milkshake is brewing, buying for long term📉 SPY Daily Breakdown – Aug 1, 2025 | VolanX Observations
🧠 Bot failed today, but the market taught more than any trade could have. Sitting out gave me the clarity to reassess structure and edge.
🔍 Market Structure Update:
Gap Down from Premium Zone: Today’s price action rejected the weak high and created a clean daily gap — signaling potential distribution at the top.
ORB (15-min) marked and ready: Likely to be retested on Monday. If price rallies into this zone and rejects, that’s where I’ll look for short entries.
Friday Bearish Close Rule: Statistically, when Friday closes red with strong momentum, Monday tends to follow — especially after a gap-down open.
🧭 Big Picture Outlook:
Liquidity Zones Below:
600 → First institutional reaction zone.
580 → Deeper demand and equilibrium area from previous consolidation.
Dollar Milkshake Brewing: Strong USD thesis could pressure equities short-term. This aligns with potential flow into defensives and out of high beta.
Long-Term Bias: Watching for deep discounts. If price moves into high-value demand zones, I’ll accumulate for the long haul — buying fear when it's priced in.
📌 What I’m Watching Next Week:
Monday open – will we see Gap & Go or a Gap Fill + Fade?
Reaction to ORB zone.
Volatility behavior and volume footprint in the first 90 minutes.
🔻 No trades today due to a bot error, but ironically, that gave me better vision. Sometimes, the best trades are the ones you don’t take.
VolanX Protocol engaged. Standing by.
Trend decision after the newsAfter the news, the price nearly reached the bottom of the higher time frame channel and paused. We need to see whether the price can break into the channel or not. Personally, I don’t think that will happen. I believe a range will form within the marked zone, and then the price will drop further.
EURUSD short to 1.121Hello Traders,
Factoring in the fundamentals such as US EUR trade deal, $600 billion of investment into US, $350 billion investment from South Korea.
4hr chart, trading under 1 day up trendline.
Was strong sell signal from 1.177 last Thursday.
200ema starting to turn downwards
Still close to upper regression channel that began July 1st, believe it is still in play.
6 hr and 12 hr block still support, strong rejection at 4h bearish block. not expecting much else today since it's Friday. Still targeting 1.121 in August
Originally entered trade at 1.172 area, added 3 times on the way down, originally targeting 1.143 but with the ever evolving trade deal news that I believe to be bullish for the USD I moved target to 1.121.
Goodluck to you all.
US30 Faces Pressure Below 44610US30 Overview
Technical Outlook:
US30 is showing bearish momentum while trading below the pivot zone at 44610. As long as the price remains under this level, downside pressure may continue toward 44360, with further support at 44180.
However, a confirmed breakout above 44720 would shift the bias to bullish, opening the path toward 44910 and potentially 45100.
Support Levels: 44480 • 44360 • 44180
Resistance Levels: 44720 • 44910 • 45100
Bias: Bearish below 44610, Bullish above 44720
Gold Analysis and Trading Strategy | August 1✅ Fundamental Analysis
🔹 Trump Signs New Tariff Executive Order
On July 31, President Trump signed an executive order imposing a new round of tariffs on countries including Canada and India, while Mexico was granted a 90-day grace period. This move has once again heightened global trade uncertainty, fueling risk-off sentiment and providing support to gold.
🔹 Dollar Strength Limits Gold's Upside
Despite the increase in risk aversion, the U.S. Dollar Index has risen sharply, exerting downside pressure on gold. As a result, the price of gold remains capped, with a tug-of-war between bulls and bears dominating market dynamics.
🔹 Key U.S. Economic Data in Focus
The U.S. Non-Farm Payrolls (NFP) report is the major event on the calendar today. It is expected to be a decisive driver for short-term gold direction:
If the data is bullish for gold (e.g., weak job growth or slower wage increases), gold may retest the 3340 level.
If the data is bearish for gold (e.g., strong job gains or higher wages), gold may break below 3260, continuing its downward trend.
Ahead of the data release, gold is likely to remain in a consolidation range, with market participants generally adopting a cautious stance.
✅ Technical Analysis
🔸 Daily Chart Structure:
Gold printed a gravestone doji yesterday, characterized by a long upper shadow, indicating strong selling pressure at higher levels. The overall trend remains weak. After four consecutive daily declines followed by a minor rebound, another strong bearish candle has emerged, signaling a continuation of the downtrend.
🔸 Hourly Chart Structure:
On the 1-hour timeframe, gold remains below all major moving averages, which are aligned in a bearish formation. Despite multiple rebound attempts, each high has been lower than the last, reflecting diminishing bullish strength. The second U.S. session high was capped around 3310. If today's rebound fails to break above that level, the bearish trend remains dominant.
🔴 Resistance Levels: 3305 / 3315 / 3340
🟢 Support Levels: 3275 / 3260 / 3245
✅ Trading Strategy Reference:
🔻 Short Position Strategy:
🔰Consider entering short positions in batches if gold rebounds to the 3305-3310 area. Target: 3285-3270;If support breaks, the move may extend to 3250.
🔺 Long Position Strategy:
🔰Consider entering long positions in batches if gold pulls back to the 3245-3250 area. Target: 3265-3275;If resistance breaks, the move may extend to 3285.
🔥Trading Reminder: Trading strategies are time-sensitive, and market conditions can change rapidly. Please adjust your trading plan based on real-time market conditions. If you have any questions or need one-on-one guidance, feel free to contact me🤝
What To Expect From XRP In August 2025?Currently, BINANCE:XRPUSDT is trading at $2.99, slipping through the key support level of $3.00. While the altcoin is still over 22% away from its ATH of $3.66 , the foundation for potential growth remains strong. Historical data has shown that August typically brings bearish momentum for BINANCE:XRPUSDT , with median monthly returns of -6% .
However, given the strong buying activity observed recently and the positive technical indicators, this August might defy the usual trend. If BINANCE:XRPUSDT manages to secure support above $3.41, the altcoin could push towards its ATH once again . Alexis Sirkia, Captain at Yellow Network, discussed with BeInCrypto how XRP’s future could be looking like.
“Institutions that have been in the market for a while are gaining momentum. We're also, in the meanwhile, in a macro environment where funds are doing risk rotation… BINANCE:XRPUSDT is taking its stand with regulation and infrastructure, not hype. That's what will endure in the long run. Short-term flows are fleeting, but the groundwork laid today will define the cycle to follow.”
However, there’s a downside risk. If BINANCE:XRPUSDT fails to reclaim the $3.00 support, the price could fall to $2.65, invalidating the bullish thesis. A drop to this level would mark a four-week low and would likely lead to further selling pressure.
Bitcoin Has Bearish DivergenceOverbought bearish divergence.
I pointed this out last week. In my mind, this is the most reliable signal for tops (bullish divergence for bottoms) that exists in technical analysis. We can see that this continues to play out, and know that it usually leads to RSI making the trip to oversold.
It looks like more correction is likely, standard fare in a bull market.
USOIL WTIWest Texas Intermediate (WTI) oil is a major benchmark for crude oil pricing, known for its high quality—being both light and sweet due to its low sulfur content and low density. WTI is sourced primarily from inland Texas and is the underlying commodity for oil futures traded on the New York Mercantile Exchange (NYMEX). The main physical delivery point is Cushing, Oklahoma, a critical U.S. oil storage and trading hub.
Current Price (as of August 1, 2025)
WTI crude oil is trading around $69.15–$69.36 per barrel.
Recently, WTI prices have seen volatility due to global economic factors, including U.S. tariffs, OPEC+ production, and shifts in oil demand. Despite a small decline on the day, oil prices have posted their strongest weekly performance since June, rising over 6% for the week.
Market and Outlook
Recent price movement reflects concerns about global trade tensions, new tariffs, and their impact on economic growth and energy demand. At the same time, supply risks remain due to geopolitical factors such as potential sanctions on Russian oil and U.S.-China trade developments.
Analyst forecasts for the remainder of 2025 suggest continued volatility, with WTI potentially ranging between $56 and $73 per barrel, influenced by demand, OPEC+ decisions, and geopolitical events.
Quick Facts Table
Feature Detail
Type Light, sweet crude
Benchmark NYMEX (U.S.), major global reference
Main Delivery Point Cushing, Oklahoma
Latest Price (Aug 1, 2025) $69.15–$69.36 per barrel
Typical Drivers U.S. tariffs, OPEC+ decisions, trade policy, supply risks, global demand
WTI oil plays a central role in global energy markets, serving as a benchmark for North American and international oil pricing. Its price reflects both supply fundamentals and broader macroeconomic and geopolitical developments.
#OIL #WTI