Sober_Trading

Sober_Trading

Bitcoin's recent price action has shown a pronounced bullish spike, breaking through the upper bearish trendline of its prevailing trend. This breakthrough was followed by the formation of an ascending channel, showcasing a steady uptrend. After this climb, we've observed Bitcoin settling into a sideways trading range, which was key for setting the take-profit...

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The USD/CHF pair is approaching a key order block zone, showing signs of waning buying pressure. It appears primed for a pullback to retest the last significant bullish pivot. Keep an eye on this area for potential trading opportunities.

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Bitcoin's challenge with the resistance zone is evident; it's yet to muster the strength to break through. Presently, I'm anticipating a potential decline. Keep an eye on this space for updates.

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DYDX's price action has breached the daily supportive trendline and concluded its pullback, signaling a strong likelihood of further descent, potentially reaching the $2 level as it enters a downward trajectory. Keep an eye on this space for updates.

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THETA's trajectory has taken a decisive turn, piercing through a critical level and retracing back to it. This area now serves as the last bearish resistance, hinting at a potential decline from here on. Keep a close watch for pivotal movements.

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FIL, after a substantial drop from its all-time high, showed some recovery. However, it seems to have met a strong resistance zone it couldn't breach. From this vantage point, it looks poised for a potential fall, possibly retracing back below the $5 mark again. This could represent a significant move for those keeping an eye on FIL, suggesting a bearish outlook...

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Bitcoin is hinting at a consolidation phase above the key resistance area. Should it decisively break the prevailing downtrend line, we're looking at a potential upward journey towards the next significant order block zone. Keep a close eye on the breakout to confirm the bullish momentum.

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WTI Oil has indeed finished its second leg and retracted back to a significant order block zone. This is often a signal for potential accumulation before another ascent. Based on current patterns, it's poised to climb back up towards the previous decline pivot, setting up an interesting play for those watching the oil markets.

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The 15-minute chart for XAUUSD is showing a clear pattern of resistance. After two unsuccessful attempts to break through the key zone, the third attempt appears to be faltering as well. This could indicate that we're on the brink of a sharp decline as selling pressure intensifies.

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The Bitcoin weekly chart exhibits a pattern of three significant upswings, each nearing a 90% increase, followed by roughly 20% corrections after the first and second legs. As we approach the halving event, a pullback of at least 20% seems plausible, suggesting a potential target around $58K. Given this historical pattern and the cyclic nature of Bitcoin's price...

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For those curious about the DXY's direction and targets, take note of the bullish movements displayed in these two legs. The Dollar Index is showing signs that it could complete these runs and effortlessly reach the resistance zone. Keep a close eye on these developments as the DXY approaches key levels.

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The EURUSD pair has been consistently making lower highs, indicating a loss of bullish momentum. This pattern suggests the potential for a breakdown below the current support, eyeing a move towards the major support zone. Traders should watch these levels closely for signs of continued bearish movement.

Sober_Trading Updated 

Bitcoin's price movement appears to have completed its second leg up, and the current pattern suggests a high likelihood of a correction phase. With this potential pullback, BTC prices could retrace to test the previous support zone. Traders should monitor these levels closely, as they could offer critical insights into Bitcoin's near-term directional bias.

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Gold's price movement is nearing the completion of another bullish leg, in the range of $45-$50. With this achievement, we might be on the cusp of a pullback and correction phase. It's a good time to manage your buy positions strategically and potentially leverage this cycle to secure more profits. Stay alert to the shifts in the market!

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We approach every analysis with an open mind, acknowledging that while the higher timeframe suggests a potential fall, the current 15m chart for Bitcoin presents a compelling setup for a rise. Stay vigilant and watch this pattern unfold; there's opportunity in the swings!

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Following its robust bullish rally, ADA has been ascending within a channel. However, the recent loss of crucial support zone could signal a potential decline, taking it to at least the lower boundary of the channel. Traders may want to keep an eye on this level for possible support and a rebound or a further break indicating continued downside.

Sober_Trading Updated 

🚀 The price of gold is surging past the $2000 resistance with decisive strength, reflecting solid buyer conviction. #XAUUSD typically exhibits a two-legged movement pattern. With the major leg on the weekly chart and minor leg on the daily chart now well-established, we're setting our sights on an ambitious $2300 target. 🎯 This bullish momentum is not merely a...

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The NASDAQ has ascended for a second leg and is now poised for a potential deep pullback to test the support zone. This support area aligns with a key weekly level that typically needs to be retested before the index can mount a continued rise. You should keep a close eye on this trend, as it could present a significant opportunity in the coming period.