BTC | GOLD | PRICE ACTION ANALYSIS | 24 OCT | HINDIThanks for watching today's Forex and crypto market analysis!
In this video, I break down the latest price action movements for major Forex pairs, Bitcoin (BTC), and Gold. I focus purely on price action to help identify key levels and potential trade opportunities. If you enjoyed the content, please like, subscribe, and hit the notification bell for daily updates on the markets.
Cryptomarket
ETHUSD SHOWING A GOOD UPWARD MOVE WITH 1:10 RISK REWARDETHUSD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
Bitcoin: BTCUSD bulls struggle amid overbought RSI, $70,100 eyedOn Monday morning, Bitcoin (BTCUSD) experienced slight losses after reaching a three-month high. This movement highlights overbought RSI conditions, indicating weak upside momentum beneath the horizontal resistance area established since early June.
Buyers remain hopeful
Despite overbought RSI conditions and facing key resistance, Bitcoin (BTCUSD) buyers remain optimistic. The pair is holding above last week’s breakout from a descending resistance line, which is now acting as support around $67,700. Additionally, bullish MACD signals suggest strong buyer momentum.
Key technical levels to watch
The horizontal resistance around $70,100 is a key barrier for Bitcoin bulls. They should also monitor the $70,000 threshold and recent highs near $72,000 as additional hurdles. If BTCUSD breaks through, the yearly peak near $73,800 and the $75,000 mark will attract buyers' attention.
If Bitcoin (BTCUSD) breaks below the former support at around $67,700, it could trigger a short-term decline. Key levels to watch include the previous monthly high near $66,500 and the 200-SMA support around $63,300. If prices fall below $63,300, the next significant support is at $62,500. A move past that could lead to a drop towards the psychological level of $60,000 and potentially a monthly low of around $58,870.
Upside potential remains intact
Overall, Bitcoin (BTCUSD) buyers are likely to remain in control despite the challenges at key resistance. However, a price pullback is possible if the US Dollar strengthens from this week’s PMIs and Durable Goods Orders data.
Advanced Rsi Divergence TradingRSI Divergence occurs when the Relative Strength Index indicator starts reversing before price does. A bearish divergence consists of an overbought RSI reading, followed by lower high on RSI. At the same time, price must make a higher high on the second peak, where the RSI is lower.
If used correctly, RSI divergence can be profitable, providing early signals of trend reversals. However, it also carries risks, and traders should use it alongside other indicators and proper risk management strategies.
Data Trading Part -1 It proves useful for assessing the depth and liquidity of specific strikes. It aids traders to find option premium against its corresponding maturity date and strike price. Option chain serves as a warning against breakouts or sharp moves in the index.
How It Works: A long straddle options strategy involves simultaneously buying a call option and a put option on the same underlying asset with the same strike price and expiration date. This strategy becomes profitable when the stock significantly shifts in one direction or another.
DATABASE TRADING WITH OPTION CHAINOption chain data is the complete picture pertaining to option strikes of a particular stock or index in a single frame. In the Option chain frame, the strike price is at the center and all data pertaining to calls and puts on the same strike are presented next to each other.
Traders use an options chain to choose the specific option contracts that best align with their trading strategy. They can select options with the desired strike prices and expiration dates based on their market outlook. Options chains are crucial for assessing and managing risk.
Weekly Market Review & Outlook: Technical Analysis of BTC, GoldA comprehensive review of the past week's market performance, followed by a detailed technical analysis and outlook for Bitcoin, Gold, and major currency pairs. This video uses multi-timeframe support, resistance, and trendline analysis to predict potential price movements for the upcoming week.
BTC & Gold Price Action Analysis | Key Levels and Trade SetupsIn today’s video, I dive into the latest price action analysis for Bitcoin (BTC) and Gold. We’ll be breaking down key support and resistance levels, identifying potential breakout zones, and discussing trade setups you can keep an eye on.
Thank you for watching! If you found this analysis helpful, don’t forget to like the video and subscribe to the channel for more in-depth market analysis and swing trade ideas. Your support helps me continue bringing you high-quality content every week!
Feel free to share your thoughts in the comments below and let me know which asset you’re keeping an eye on this week.
Happy trading!
#BTC #Gold #PriceAction #TradingAnalysis #Forex #SwingTrading
Bitcoin is headed to 52000? Most probably YES!Symbol - BTCUSD
CMP - 63017
The recent swings in BTC confirms the bearish market structure. After the 59K retest, the price rallies 7%. There is no technical or fundamental explanation for this price behavior - 6K down, 4K up, 5K down, 4K up within just 12-15 days.
Bitcoin is still trading within a sideways range of 65K - 52K. The last resistance retest ended in a false breakdown and a price drop of 11% to 59K. Also, the local change of the market character (price confirms the downtrend) to bearish and formation of the downtrend channel. Emphasis on resistance 63400, 64130, 65000, possible retest or false breakdown followed by downside realization as we still have not reached the key liquidity zones.
Important Resistance Levels as of now : 63400, 64130
Important Support Levels as of now : 61320, 59000
The price is testing the resistance zone as part of the rally. There is no accumulation or technical potential to overcome this area for further growth. Within the bearish trend, the buyer does not show dominant signs and with high probability it will be stopped in the key zone. A reversal and decline to the lower zone of the sideways range is possible.
P.S. : My short position is open & I will add more position at mentioned resistance levels. Targets for this short position will be 57800 & 52500.
USDT Dominance Crypto Update - The USDT Dominance is currently trading at 5.58%
- USDT Dominance is something that follows market structure a lot and you will see this delivering easy price actions
- USDT Dominance is expected to drop to 5.2%, and if that doesn't hold, then to 4.6%.
- USDT Dominance in crypto works inversely with the overall market if you see this dipping that triggers an impulsive leg in cryptos
- The last time when we saw USDT Dominance dropping from 6.5% to 3.81% it triggered a huge Altcoins season which led to many altcoins moving 300-500%
- As an Investor and Trader your job is to closely monitor USDT Dominance
Solana Long Term Analysis- Solana is currently trading at 146$
- Solana is building up a strong base where I easily see Solana purging 200$
- Solana from a Spot Accumulation perspective is sitting at a very bargained price if you are still fiat then add 50% Sol here
- From a swing trade perspective Solana can easily yield 20% from its current price and go up to 163-178$
- Solana's fundamentals are strong so in a major bull run you can expect Solana to easily move up to 500%
- Solana tops all the crypto when it comes to transactions
- Solana also tops all the cryptos when it comes to meme coins listing
- After considering all these points, please avoid becoming overly optimistic and thinking that Solana at this price is the only great option, so you should invest all your funds. Instead, consider adding 50% of your desired investment size here and wait for a significant price drop. If the price doesn't drop further, you can still benefit from the 50% you've invested and let it reach your financial goals.
Ethereum 1D Technical Analysis & Commentary- Ethereum is currently trading at 2448$
- Ethereum has been moving in a range since August 2024
- Ethereum has also underperformed Bitcoin after its ETF approval that's another thing to notice
- Ethereum/BTC has been slaughtered like anything and that's another way to track when ETH will outperform BTC
- ETH/BTC is currently in a free fall and I see 2 Major areas where I expect a reversal from
: 1st - 0.029
: 2nd - 0.021
- Ethereum's ecosystem and Altcoins will only pump hard the ones related to the ETH ecosystem when we see Ethereum flipping 2800$ and making a weekly close above it post that we might see a strong recovery in Alts like OP, ARB, Matic, and so on.
- Meme coins based on the ETH ecosystem are already performing nicely, but if ETH takes over then they will also turn parabolic so watch out PEPE it's a narrative play
- Ethereum has started building a base now, the bigger the consolidation the larger the expansion is going to be, mind that
- Spot Ethereum accumulation at this price is best from a conservative approach you can easily expect 100% in a quarter if your average price is 2500$
Bitcoin 1D Swing Trade Setup- Bitcoin is currently trading at 62,826$
- Bitcoin showed us an impulsive move yesterday where we saw BTC jumping from 59-63k straight
- Bitcoin in this impulsive move had made a Fair Value Gap on a daily chart
- For a Market Structure shift BTC needs to flip and make a weekly close above 66,598$
- If you are looking to build less leveraged longs then focus at 61,354$
- Market Structure will flip bearish once we see a weekly close below 58,000$
- If we look at the lows made recently BTC is still intact with a lower high structure the lows are also getting bought back impulsively
- Manage risk properly that's the ultimate mantra
Bitcoin: BTCUSD extends recovery from 200-SMA to trim lossesBitcoin (BTCUSD) rises to a week’s high, continuing its rebound from the 200-SMA and breaking through the 100-bar simple moving average (SMA).
BTCUSD bulls aim for a new three-month high!
Along with a solid bounce from the 200-SMA, a positive RSI (14) and bullish MACD signals support BTCUSD’s push past the 100-SMA. This indicates potential for more gains, even though the RSI is nearing overbought territory, suggesting limited upward movement soon.
Key technical levels to watch…
With Bitcoin’s strong recovery from the 200-SMA and a successful run-up beyond the 100-SMA, buyers are ready to challenge a six-week-old horizontal resistance area surrounding $64,700. However, they may face hurdles at the 78.6% Fibonacci Retracement of July-August downside near $65,700 and an upward trendline from late August around $66,900 afterward.
On the downside, the 100-SMA around $63,300 is holding BTCUSD up, while the 61.8% Fibonacci retracement support is near $62,200. That said, another key support is found at the 200-day moving average of around $60,700, with the psychological level of $60,000 serving as buyers' last line of defense.
Recovery remains preferable…
With Bitcoin bouncing back from key moving averages and a potential pullback in the US Dollar due to upcoming US inflation data and FOMC minutes, BTCUSD looks set for further upside.
Fetch.AI (FET/USDT) Swing Long Trade Setup (12H Chart)The 12-hour chart for Fetch.AI (FET) presents a promising swing long opportunity, supported by a hidden bullish divergence. The Money Flow Index (MFI) is rising, indicating increasing liquidity and momentum in favor of buyers, enhancing the validity of this trade setup.
Key levels to watch:
Initial Take Profit (TP1): $1.555
Secondary Target (TP2): $1.800
Trade Strategy:
If stop-loss (SL) is hit, it could present a good opportunity to re-enter the trade, as the overall structure and MFI suggest bullish conditions.
Disclaimer: This is not financial advice. Trade at your own risk, and ensure proper risk management.
Fetch.AI (FET/USDT) Swing Long Trade Setup (12H Chart)The 12-hour chart for Fetch.AI (FET) presents a promising swing long opportunity, supported by a hidden bullish divergence. The Money Flow Index (MFI) is rising, indicating increasing liquidity and momentum in favor of buyers, enhancing the validity of this trade setup.
Key levels to watch:
Initial Take Profit (TP1): $1.555
Secondary Target (TP2): $1.800
Trade Strategy:
If stop-loss (SL) is hit, it could present a good opportunity to re-enter the trade, as the overall structure and MFI suggest bullish conditions.
Disclaimer: This is not financial advice. Trade at your own risk, and ensure proper risk management.
Will Bitcoin experience Bull run or will there be consolidation?In August, I was bullish when Bitcoin was around 48000, and I was sure that BTC would definitely reach 65k. But there's only one bearish sign now, which is that Bitcoin didn't close the monthly candle above 66k, it only gave a wick.
Now, my view is that Bitcoin will consolidate a bit more in October and then Break the ATH. this doesn't mean it will go straight to 100k absolutely not. This bull run won't be parabolic at all; it will be slow and steady. This cycle will likely complete somewhere between December 2025 or March 2026.
Thats it for now.