Since gold was at $4700, I warned of an impending drop, and now we're seeing it with our own eyes.. I expect the drop to continue down to $3800 to form a final bottom
Then from there, it launches toward a new historic peak, trading at $7,000, and silver at that time will be trading at $250 DYOR $XAU
Take Profit Targets TP 1: 62,000 TP 2: 64,000 TP 3: 66,000 TP 4 (Final Target): 68,243 Description Price is actively consolidating and validating demand directly along the primary horizontal blue Support zone floor on the 15-minute chart. As outlined by the blue corrective projection curve inside a dynamic multi-wave bullish expansion sequence is expected to unfold from our green entry buy zone. The structural path details a sharp initial push higher to squeeze short positions and clear local friction, followed by a substantial secondary pullback wave to establish a solid higher low, before buyers drive a heavy vertical impulse breakout. This strong upward surge is projected to cross intermediate supply pools and completely target the major overhead horizontal red Resistance zone ceiling waiting at 68,243. This long configuration remains technically active and valid as long as market prices hold securely above the red invalidation stop-loss zone at 58,711. caution : this is not a financial advice , trade at your own risk only educational purpose DYOR $BTC
Bitcoin isn't bullish yet. But it also isn't behaving like a market that's in freefall anymore. The first clue a bottom is forming isn't explosive buying, It's when sellers start running out of ammunition. Watching closely. DYOR $BTC
What I also like about this EW #BTC count is that the larger structure has good proportionality: W produces the initial sharp decline. X retraces a meaningful portion of W but fails to regain the previous highs. Y begins with another strong decline. Which is a common look for a complex correction. DYOR $BTC
$ETH is not looking good here, at a critical level with bulls showing no interest. Losing this level might escalate the correction. I anticipate an Expanded FLAT to tag the POC and 38.20% support. The trend-based FIB time 1:1 is November 2027. As you are aware, I have the same count on $BTC correction too, so I am looking at ETH to see if they are still in sync. DYOR
The mini-sequence we discussed yesterday got activated overnight and delivered into the target levels.
> Price reacted almost perfectly off the AVWAP from the mini-range low and accelerated from there -> very clean long entry in hindsight. > Since the push, quite a few longs have piled in and funding has turned strongly positive. > Right now we’re battling the range high / mini-range VAH.
> Break 64.8k and I think we quickly move into the total range VAL above and retest the highs & PWO > Fail and accept back below, and the mini-range VAL becomes the next likely target.
Still slightly favoring higher prices, but staying reactive here until PA stabilizes and builds a bit more structure.
After taking partials on ETH, was stopped on entry. Closed my BTC short scalp around 63.4 & another one hit BE. Fully fine with that considering the fuckery
Trades we considered saturday reamain valid DYOR $BTC
We're seeing price continue above the marked resistance at $63.7k.
For my bearish thesis to play out, we need to stay below the trendline support. I'm expecting price to extend slightly higher toward my short entry around $64.7k.
I'll assess price action throughout today and share my updated market thesis going into market open later this afternoon. DYOR $BTC
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