Beyond Technical Analysis
When to trade Dollars ($) to Euro's (€) and the other way aroundWhen exchanging dollars (USDT or USDC) for euros, it's best to do so when the dollar is strong against the euro, meaning you’ll get more euros for your dollars. The same goes for the reverse—if the euro is stronger, it's a good time to exchange euros for dollars (or stablecoins like USDT and USDC). For crypto, since stablecoins like USDT and USDC are pegged to the dollar, their value closely follows the dollar's movements.
Pay attention to factors such as interest rates, inflation, and global economic events that affect the dollar's strength.
If you're holding USDT or USDC and believe the dollar will weaken, converting to euros or another currency could be a good move. Similarly, if the euro weakens, you might exchange euros for dollars or stablecoins to benefit from a stronger dollar.
GER40 - Short Setup My main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range.
But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
$BITF - Time to Shine?NASDAQ:BITF
This stock have been relatively unimpressive since its big rally in March 2024.
Bitfarms Ltd. NASDAQ:BITF presents a compelling bullish opportunity for investors as the company positions itself for significant growth. Despite underwhelming performance since its March 2024 rally, recent developments suggest potential for higher prices in the months ahead.
With Bitcoin crossing the $100,000 mark, Bitfarms is well-positioned to capitalize on increased cryptocurrency adoption. Its synthetic HODL strategy, which saw a 286% rise in long-dated Bitcoin call options, reflects confidence in higher Bitcoin prices, further supporting its bullish outlook
In conclusion, Bitfarms’ strategic upgrades, market positioning, and Bitcoin’s bullish environment support a favorable outlook. Investors seeking exposure to the cryptocurrency mining sector may find NASDAQ:BITF an attractive candidate for medium- to long-term growth.
I will post further Exit/ TP objective as we see NASDAQ:BITF move out of its current consolidation.
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25600 zone, GBPUSD is trading in an downtrend and currently is in a correction phase in which it is approaching the trend at 1.25600 support and resistance area.
Trade safe, Joe.
Bitcoin will reach $240k - $260k in 2025!With concerns over inflation and money printing in many economies, Bitcoin has increasingly been viewed as a store of value, often compared to gold. If inflation fears persist, more investors could flock to Bitcoin, pushing up its price. In times of geopolitical instability, Bitcoin's decentralized nature and appeal as a "safe haven" asset could drive demand. As Bitcoin continues to capture public interest, more individual investors may enter the market, contributing to price increases.
Conclusion: There are many bullish factors that could drive Bitcoin's price toward $250k in 2025. The combination of institutional adoption, regulatory clarity, inflation concerns, and technological advancements makes this potential price level a possibility!
Dogecoin - The Dog Is Still 100% Bullish!Dogecoin ( CRYPTO:DOGEUSD ) is still dominated by bulls:
Click chart above to see the detailed analysis👆🏻
I know, a lot of people are already freaking out about Dogecoin because of the recent dump of more than -25%. But we just witnessed a rally of more than +500%, so give this coin some room to breath. Everything remains 100% bullish, even if we see another short term pullback.
Levels to watch: $0.5, $0.2
Keep your long term vision,
Philip (BasicTrading)
$TRVLUSDT : A Deep Dive into Travel and Blockchain
🔎 TRVLUSDT, a cryptocurrency reshaping travel payments, stands out as a niche player in the blockchain ecosystem. Let’s break it down!
1️⃣ Market Overview
What is MIL:TRVL ?
TRVL is a crypto token enabling seamless travel payments, paired with USDT for stability.
📊 Performance Highlights:
Price: $0.043 CRYPTOCAP:USDT
24H Change: +2.84%
Volatility: 5.14% (high but expected in crypto).
Why it Matters: With 100.24% yearly growth, TRVL is positioning itself as a niche leader with untapped potential in travel-specific blockchain solutions.
2️⃣ SWOT Analysis
💪 Strengths:
Unique focus on travel payments with minimal direct competition.
Opportunities for integration with loyalty programs and payment systems.
Potential to streamline payments in a fragmented global travel industry.
🧩 Weaknesses:
Lack of clarity on tokenomics, including total and circulating supply.
Adoption is limited without significant partnerships in the travel industry.
No clear roadmap updates or community-driven growth initiatives.
🌍 Opportunities:
Partnerships with airlines, hotels, and travel platforms could drive adoption.
Post-pandemic recovery in global travel provides fertile ground for innovation.
Growing demand for blockchain-based payment solutions in traditional industries.
⚠️ Threats:
High volatility poses risks for both investors and real-world adoption.
Competing solutions could gain an edge if they secure partnerships first.
Regulatory shifts in either crypto or travel sectors could derail progress.
3️⃣ Market Risks
⚠️ Regulatory Concerns: The dual exposure to crypto and travel regulation increases risks.
⚠️ Volatility: With a 5.14% daily swing, TRVL’s price movements require a high-risk tolerance.
⚠️ Adoption Barriers: Without meaningful partnerships or increased user traction, adoption may stall.
4️⃣ Investment Thesis
💡 Opportunities:
TRVL’s travel-specific focus gives it a unique market position. Strategic partnerships and growing blockchain adoption could unlock substantial value.
🔮 Scenarios:
Best Case: Partnerships drive mainstream adoption, pushing TRVL to new highs.
Base Case: Organic growth with steady adoption in niche travel services.
Worst Case: Limited adoption and regulatory hurdles slow progress.
5️⃣ Conclusion
💼 Recommendation: TRVLUSDT is an intriguing investment with high growth potential but significant risks. It’s ideal for investors with a high-risk tolerance and interest in niche crypto markets.
👀 Key Watch Points:
Stay alert for partnerships with airlines, hotels, or travel agencies.
Watch for regulatory developments affecting crypto adoption.
⚠️ Disclaimer: The markets are volatile, and this post is for educational purposes only. Do your own research before investing.
EURUSD Potential DownsidesHey Traders, in today's trading session we are monitoring EURUSD for a selling opportunity around 1.05000 zone, EURUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.05000 support and resistance area.
Trade safe, Joe.
No TA Expert - ObviouslyThe basis of this began back in June 2021 when I was chatting with a buddy about where I see things going with BTC based on cycles. This was pre the solidification of ETFs (although they already existed in Australia and other countries) and I was looking at pure timelines with nothing else in mind. Coincidentally, the first sweet spot lined up with the anticipated timeframe for settlement on the sale of a property, and I was planning to cream some dirty dirty fiat off and stack sats. Unfortunately, the market wasn't prepared to come to the asking price for the property, so it was rented out instead. Let's see how the next few years play out with this. I'm not a trader. My timeframes are long term (5 yrs min).
ETH Bottom is in. LongOverview:
This trade is based on a potential bullish reversal from a significant support level. The chart shows a strong rejection at the recent low around the 2,100 USDT level, which aligns with historical support, suggesting a possible reversal to the upside.
Entry:
Price: The entry for this trade is around 2,721.65 USDT, where the price is currently consolidating after testing support.
Target:
- Target Price: 4,091.91 USDT
- The target is set at a previous key resistance level, where price action has shown strong rejection in the past.
Stop Loss:
- Stop Loss: The stop loss is placed below the recent low at approximately 2,108.16 USDT, ensuring a risk-managed approach if the price breaks below the support level.
Trade Rationale:
- Bullish Bias: The highlighted zone shows a potential area of accumulation where buyers are stepping in, anticipating a move back toward the 4,000 USDT level.
- Risk-Reward: The trade offers a favorable risk-to-reward ratio, targeting a significant move up with a clearly defined stop loss.
Tesla (TSLA) Trade: Maximize Gains with This Strategy Hi traders, welcome to a new analysis! Today, I’m sharing my trading strategy for Tesla (TSLA), ready for when the stock market opens tomorrow.
I’ve set a Buy Limit order at $380, near a key support zone supported by the 50 and 100-period moving averages. I’m expecting a potential rebound from this level.
Take Profit: My target is set at $403, a significant previous resistance level where I plan to secure my profit.
Stop Loss:To manage risk, my Stop Loss is set at $325.58, positioned well below the support level to avoid getting stopped out by false breakouts.
Moving Averages: The 50 and 100-period moving averages strengthen the entry zone.
RSI: The RSI is currently at 49.83, indicating a balanced market with room for an upward move.
This analysis is on the 4-hour timeframe. If the price reaches $380 when the market opens tomorrow, my order will trigger automatically.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
Sensex Expiry Analysis – 7th January 2025
Sensex Expiry Analysis – 7th January 2025
Market Sentiment:
Overall Bias: Slightly bearish with range-bound possibilities unless a breakout/breakdown occurs.
Key Levels:
Resistance Levels: 78,000 (Immediate), 78,400 (Major).
Support Levels: 77,400 (Immediate), 77,200 (Critical).
Rationale for the Trade Setups:
Intraday Sell Setup:
A breakdown below 77,400 will trigger selling pressure, with targets at 77,200 and 77,000 due to high put writing and liquidity below.
Confidence Level: High, supported by FII/DII bearish positions and price action.
Intraday Buy Setup:
A breakout above 78,000 may trigger a gamma squeeze, with rapid movement toward 78,400 and 78,500 due to unwinding of call positions.
Confidence Level: Moderate, requires confirmation with volume.
Key Observations:
Option Chain Analysis:
Strong call writing at 78,000, making it a crucial resistance.
Heavy put writing at 77,400, indicating immediate support.
Implied Volatility (IV):
Slight increase (+2%), indicating expectations of higher volatility.
Gamma Squeeze Potential:
Above 78,000: Possible sharp upside move to 78,500.
Below 77,200: Potential downside acceleration to 77,000.
Execution Plan:
Buy Above 78,000: Wait for a 15-minute candle close above 78,000 with volume confirmation.
Sell Below 77,400: Enter on a clear breakdown below 77,400 with strong momentum.
Additional Notes:
Maintain tight stop-losses due to expiry-day volatility.
FIIs are net bearish in index futures; this reinforces the downside bias.
Range-bound expiry is possible if the index remains between 77,400-78,000.
Disclaimer:
The information provided is for educational and informational purposes only and should not be construed as financial or trading advice.Please consult with a certified financial advisor and use your discretion before making any trading decisions.
ARB LONGThis analysis compares the current price action of ARB/USDT (left chart) with the previous Bitcoin cycle (right chart). The price action suggests a potential setup for a long position at a favorable discount, identified around the 0.382 retracement level (shown in red on the ARB/USDT chart).
Key observations:
We expect a significant pullback towards the 0.382 level, which has previously acted as a key support zone, creating a potential buying opportunity.
Similar to the previous Bitcoin cycle, the current price structure shows a sharp retracement followed by a possible continuation to the upside.
The next potential resistance zone, or "buyside liquidity," is marked on the chart, which could act as a target for the upcoming move higher.
Trade Plan:
Entry: At the 0.866 level or lower, near the 0.382 retracement zone.
Stop Loss: Below 0.7558
Take Profit : Target the next resistance zone near the 1.10 level, aligning with the buyside liquidity area or higher.
BUY BTC at 100k in next 12 hours !! once again Fibonacci retracement showing a reversal to 100095 USDT BINANCE:BTCUSDT .
and here im not suggesting to short the market but just wait till 100k and then just long your positions. once again not a financial advice and do your own research before just blindly accepting my so called predictions. (typing to do this all DYOR and NFA so you dont get trapped in a FOMO
HBAR 4-Hour .. New Trade LONGExceptional entry. I have been watching the indicators, and have been wanting to get into HBAR. I had happen to be physically looking around for something to jump into.. This trade has already past my 2% Cost of Trade, hopefully it stays that way.
It is possible that this is a shorter term scalping trade. Keeping a tight eye on the indicators.
Market Analysis and Trade Setup for Nifty (07/01/2025)Market Bias for 07/01/2025:
The market remains bearish as long as the price stays below 23,700. However, potential opportunities for both bullish pullbacks and bearish continuations exist based on key levels and conditions.
Key Levels to Watch
Immediate Resistance (Supply Zone):
23,700 - 23,743: Fair Value Gap (FVG) and liquidity rejection zone.
If this level is breached, watch for a move toward 23,800 or 23,900.
Immediate Support (Demand Zone):
23,500 - 23,540: Strong demand zone from liquidity sweeps.
A breakdown below this level could lead to significant downside.
Critical Levels:
PDH: 23,742.
PDL: 23,459.
POC (High Volume Node): 23,600.
Trade Setups for Tomorrow
Bullish Trade Setup (Reversal Play)
Entry: Above 23,700 (FVG Retest).
Stop Loss: Below 23,650.
Target 1: 23,800.
Target 2: 23,900.
Confirmation Indicators:
RSI crosses above 50.
VWAP breakout with buy-side volume.
Bearish Trade Setup (Breakdown Play)
Entry: Below 23,530 ( liquidity sweep).
Stop Loss: Above 23,600.
Target 1: 23,450.
Target 2: 23,400.
Confirmation Indicators:
RSI remains below 40.
Strong sell-side volume below support levels.
Indicators to Monitor
VWAP: Price action above or below VWAP will dictate intraday bias.
RSI: Look for momentum shifts near key levels (above 50 for bullish, below 40 for bearish).
Volume: Watch for spikes near 23,600 (POC) to confirm institutional activity.
Key Observations
Bearish Bias:
Price remains bearish below 23,700; expect continuation toward 23,500 - 23,400.
Bullish Pullback:
Sustained buying above 23,700 could trigger short covering toward 23,900.
Final Thoughts
Avoid Choppy Zones: Between 23,600 - 23,700, price action may remain indecisive without volume.
Disclaimer
This analysis is for educational purposes only and should not be considered financial advice. Please do your own research and consult with a financial advisor before making any trading decisions.
GBPCAD SHORTSA heads and shoulders pattern signaling reversal, a transition from bullish to bearish.
REJECTION POINT
Rejection is likely to occur between 1.80000–1.80328, as these are strong confluence levels:
The retest of the neckline.
The psychological round number (1.80000)
The EMA 50 acting as dynamic resistance.
If the price is rejected here, the market is likely to continue its bearish move, targeting lower levels such as 1.78000 or below.
Conclusion
The price is currently retesting the neckline of the Head and Shoulders pattern. Watch for bearish rejection signals (e.g., bearish candlesticks, volume spikes) around 1.80000–1.80328, which could confirm the continuation of the downtrend.
FET 4-hour .. Where's the bottom? When to buy?Have the left-over money to re-invest into FET. around $650
Where to enter. Yeah that's a tough situation.
"Yeah I'm gonna catch the bottom"
It's possible if your sitting on your computer all day long, not probable.
I like to place an order incase I am not at home.
#1...I am comfortable stating that FET will go up and create new highs one day, most likely next year.
#2...Buy on the way down or the dip after major indicators are looking very exhausted. "Possible that is now"
#3...4-hour MACd usually has one more dip in it as it turns and heads upwards, at some point before crossing into positive territory.
Those items are part of the thought process. I have 500 or 600 coin purchase points, which will be more than the original 401 I had had.
For now I will place the order to buy down at the 96 cent level. .. the $1.30 will be reserved for a trade in, if PA decided not to go lower.
All together I might miss an entry point in the near future.
PA could indeed march down -72% to 63 cent level... This is a situation that is still in play, beware.
Another stop loss should be applied. or.. because the deep dives are usually quick to recover then not stopping out...
If that happens, a cost averaging play could be a solution or just wait for PA to gain back all the lost PA.
ALGO 4-hour .. Trade Long in progressI figured this one out a day or two ago.
Placed an order in for the long position.
I am now active in the trade. Even if it goes lower I will just stay in the trade. I see ALGO going upwards for another run.
Yeah so... risky as it may seem, I guessed purely on historical support area and 50% drop from recent ATH.
I am going with the trade, "Buy the dip" philosophy. Buying in, on the way down.
It is possible that, if the market in whole, continues a down hill march...
ALGO will probably reach the 20 cent area. .. Then 15 and 10 cent areas.
Highly unlikely, however it still could happen, nothing is guaranteed.