Pivot Points
Where can Bitcoin turn bullish again? (2D)Before anything, pay attention to the timeframe of the analysis. This is a 2-day timeframe, so it will take time.
The green zone is where Bitcoin can start moving toward the specified targets. If the ATH is broken, Bitcoin could also move toward $120K and $140K. However, based on the chart, there is currently no certainty about Bitcoin’s final target.
Reaching the green zone may take more than 4 to 5 weeks.
We are looking for buy/long positions in the green zone.
A daily candle close below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Bank Nifty Weekly Analysis: Key Levels & Trend OutlookWeekly Recap:
The Bank Nifty closed the week at 51,502.7, posting a decline of -0.12%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial range to watch for potential reversals or trend continuation is 51,617 to 51,390
Support & Resistance Levels:
Support Levels:
S1: 51,051
S2: 50,599
S3: 50,149
Resistance Levels:
R1: 51,959
R2: 52,415
R3: 52,833
Market Outlook:
Bullish Scenario: If Bank Nifty sustains above 51,617, it could see buying interest, potentially pushing towards R1 at 51,959 and higher levels.
Bearish Scenario: A breakdown below 51,390 could trigger further downside pressure, targeting S1 at 51,051 and lower support levels.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research or consult a financial advisor before making any trading decisions.
Nifty 50 Weekly Analysis: Key Levels & Trend OutlookWeekly Recap:
The Nifty 50 closed the week at 22,904.45, marking a significant decline of -2.61%.
Key Weekly Levels for Next Week
Price Action Pivot Zone:
The crucial zone to watch for any potential reversals or trend continuation is between 22,829 and 22,980
Support & Resistance Levels:
Support Levels:
S1: 22,609
S2: 22,303
S3: 21,928
Resistance Levels:
R1: 23,209
R2: 23,513
R3: 23,870
Market Outlook:
Bullish Scenario: A sustained move above 22,980 could attract buyers, driving Nifty towards R1 at 23,209 and possibly higher.
Bearish Scenario: If 22,829 fails to hold, the market could witness further selling, driving Nifty towards S1 at 22,609 and possibly lower.
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research or consult a financial advisor before making any trading decisions.
Spy Bear Market Territory Spy need's To Hold $482 Or Its even lower as go as low as $474ish..... I would like to see us hold $482 to possibly take the long to $495, Theoretically speaking if we actually open up Monday in this range that's exactly what i would be looking for call etc..... But because the market is so volatile i most likely wait a whole hour to decide when and where to take my position, But other than that if we hold $482ish i would long short term day trades ext if lower than $482 I'm short.... AS always good luck and safe trades traders
GOLD(XAUUSD) -Weekly Forecast,Technical Analysis & Trading Ideas💡 Daily Timeframe:
As the 4CastMachine AI forecasted, the price began its decline towards the $3,000 support.
At the support area of 3000, the up trend line will also prevent further declines.
If this area is broken, the price will decline to the support area of 2789.95.
This area, which was previously a major resistance, will become a major support, creating a good buying opportunity.
So, given the long-term uptrend, we can use this area as a long-term BUY ZONE.
OANDA:XAUUSD TVC:GOLD
💡 H4 Timeframe:
Gold started its decline when it hit the 3167 resistance.
The uptrend is broken, and price is in an impulse wave.
This decline will continue, but the support area of 3000 and uptrend line could trigger a resumption of uptrend.
💡 H1 Timeframe:
If the price enters the sell zone with a corrective wave, we will wait for the price to reject from that area.
If we see a price rejection from the sell zone, we can sell.
H1 Forecast:
Correction wave toward the Sell Zone
Another Downward Impulse wave toward Lower TPs
__________________________________________________________________
❤️ If you find this helpful and want more FREE forecasts in TradingView,
. . . . . . . . Hit the 'BOOST' button 👍
. . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?)
🙏 Your support is appreciated!
Now, it's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Have a successful week,
ForecastCity Support Team
LTC Targets $70: A High-Probability Reversal SetupLitecoin (LTC) has just broken below the critical $80 low, signaling that bearish pressure is firmly in control. Currently trading at $79—just beneath the swing low at $80—LTC is also sitting below the monthly open at $82.98. With the bears flexing their dominance, traders are left wondering: Where does the price head next? What’s the target for the bears, and where can bulls find an opportunity to re-enter the market? Let’s dive into the charts, pinpoint the key levels, and craft a plan that could turn this downturn into a golden opportunity.
The Current Market Picture
LTC’s recent breach of $80 confirms the bearish momentum that’s been brewing since its peak at $147.06 on December 5, 2024. Litecoin enjoyed a stellar 122-day bullish run, soaring +195% from $49.80 to high at $147.06. Now, we’re on the 122nd day of a downtrend—a poetic symmetry that hints at a potential turning point. The question is: where will this descent find its floor, and how can we position ourselves for what’s next?
Support Zone: The $70 Fortress
To identify a robust support zone, we need confluence—multiple technical factors aligning to form a level that’s tough to crack. Here’s what the chart reveals:
Fibonacci Retracement: Using the Fib tool from the 2024 low at $49.80 to the high at $147.06, the 0.618 retracement at $86.95 has already been lost, turning our focus to the 0.786 level at $70.61. This deep retracement is a classic spot for reversals, making it a prime candidate for a support zone.
Yearly Level: At $70.14, this pivot is nearly identical to the 0.786 Fib level, adding significant weight to the area.
Volume Profile: The Point of Control (POC) from a 1.5-year trading range sits right around $70, just above the Fib level. This is the price with the highest traded volume over that period—a natural magnet for price action.
Yearly Order Block: Visualized as a green channel, this order block reinforces the $70 zone, suggesting past institutional buying interest or significant support.
Together, these factors create a $70 support zone that’s brimming with confluence. It’s not just a random level—it’s a fortress where bulls could mount a serious stand.
Long Trade Setup:
Entry Strategy: Use a Dollar-Cost Averaging (DCA) approach to build your position. Start with small buys around $75, laddering down to $70, and increase your position size as price nears the core of the support zone. Aim for an average entry of $73/72.
Stop Loss (SL): Set it below $68 to protect against a deeper breakdown while giving the trade room to breathe.
Take Profit (TP): First Target: $80 (the swing low and monthly open not far off). Main Target: $100 (a key psychological and resistance zone).
Risk-to-Reward (R:R): With an average entry at $73 and SL at $68, you’re risking $5 to gain $27 (to $100)—a stellar 5:1 R:R or better. This is a high-probability setup that rewards patience.
Execution Tip: Watch for bullish signals in the $70-$75 range—candlestick pattern, volume spikes, or RSI divergence. This isn’t about chasing; it’s about precision.
Resistance Zone: The $100 Battleground
If bulls reclaim control and push LTC higher, the $100 psychological level looms as a major resistance zone. Here’s why it’s a HOTSPOT:
Yearly Open: At $103.28, this level is close enough to $100 to bolster its significance.
Anchored VWAP: Drawn from the 2024 low at $49.80, the VWAP currently sits around $102.4, adding another layer of resistance.
Historical Context: The $100 mark has been a recurring battleground, with bulls and bears clashing repeatedly. It’s a price that carries weight.
A rally to $100 wouldn’t just be a recovery—it’d be a statement. A clean break above could hint at a broader trend reversal, but until then, it’s a ceiling to respect.
What’s Next? Bears vs. Bulls
For now, the bears are driving LTC lower, with the break below $80 opening the door to the $70 support zone. That’s their likely target—a level where selling pressure could exhaust itself. For bulls, $70 isn’t just a floor; it’s a launchpad. The DCA long setup offers a low-risk, high-reward entry.
Wrapping It Up
Litecoin’s drop from $147.06 to $79 has been brutal, but the chart is screaming opportunity. The $70 zone—backed by Fibonacci, levels, volume, and order blocks—is where bulls could turn the tide. With a DCA entry at around $73/72, SL below $68, and a main target at $100, you’ve got a trade setup that could deliver a 5:1 payoff. Meanwhile, $100 stands as the bears’ next big test if momentum shifts.
So, will you wait for LTC to hit $70 and strike, or watch the action unfold? The levels are clear—now it’s your move. Use this analysis to sharpen your edge, and let’s see where Litecoin takes us in the days, weeks, and months ahead.
________________________________________
If you found this helpful, leave a like and comment below! Got requests for the next technical analysis? Let me know, I’m here to break down the charts you want to see.
Happy trading =)