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#NAS100 4HNASDAQ 100 (NAS100) 4-Hour Chart Forecast: The NASDAQ 100 index (NAS100) is displaying bearish potential on the 4-hour chart, suggesting a possible sell opportunity. The price is currently testing a key resistance level, and a retest of this level may offer a favorable entry for a short position. Key factors supporting the sell forecast: Resistance Retest: The price has approached a significant resistance level and is showing signs of hesitation. A retest of this zone could confirm its strength as resistance, making it an attractive level to initiate a sell position if the market fails to break higher. Bearish Pattern Formation: The chart might be forming a bearish technical pattern, such as a double top or head and shoulders, signaling the potential for a downside move after the retest of resistance. Momentum Indicators: Technical indicators like the RSI or MACD could be showing bearish divergence or overbought conditions, hinting at a possible reversal from the resistance level. Traders should wait for a confirmed retest of the resistance level before entering the sell trade. A clear rejection from the resistance zone would strengthen the bearish case. Stop-loss orders should be placed above the resistance level or recent swing highs to manage risk, while profit targets can be set at key support levels or previous lows. However, traders should remain cautious and monitor for any signs of a breakout above resistance, which would invalidate the bearish outlook. Overall, the technical setup favors a sell strategy for NAS100 on the 4-hour chart, pending a successful retest of resistance.
FX:NAS100Short
by PIPSFIGHTER
Will Bitcoin Bounce Back? Monitoring Critical Support ZonesCurrently, Bitcoin's support line is holding steady, but we've dipped into a zone that we were trying to avoid. I hope we can maintain support at this downward trendline, which I anticipated. However, the ongoing dock workers' strike adds a layer of uncertainty to the market. We need to closely monitor whether we can achieve another bounce off this trendline. If we can't hold, we could sink further into the $59,000 to $58,500 range, which feels a bit like quicksand. For those following my charts, I recommend staying alert and prepared for potential shifts in the market.
GEMINI:BTCUSD
by CryptocurrencyWatchGroup
AVAX Long Spot Position (Support Entry)Market Context: AVAX has retraced to a key support level between $23.00 and $25.50, offering a strategic entry point for a long trade as it shows potential for a bounce. Trade Setup: Entry: In the current $23.00 - $25.50 level of support. Take Profit: First target: $30.50 - $33.00 Second target: $39.00 - $41.50 Stop Loss: Just below $24.50. This trade aims to leverage the support level for a potential upward movement, maintaining a favorable risk-reward ratio. #AVAX #SupportTrade
Long
by Richtv_official
AR Long Spot Position (Support Entry)Market Context: AR has retraced to a significant area of support between $18.00 and $20.00, creating a favorable opportunity for a long trade. This setup looks promising if the support holds. Trade Setup: Entry: In the current $18.00 - $20.00 area of support. Take Profit: First target: $24.00 - $26.50 Second target: $32.00 - $35.00 Stop Loss: Around $16.00. This trade aims to capitalize on the bounce from support, providing a structured risk-reward profile. #AR #SupportTrade
Long
by Richtv_official
THETA Long Spot Position (Support Entry)Market Context: THETA has retraced to a key support level at $1.30, presenting a solid opportunity for a long trade. The setup provides a good risk-reward profile if the support holds and the price starts to bounce. Trade Setup: Entry: At the current $1.30 level of support. Take Profit: First target: $1.50 - $1.67 Second target: $1.85 - $2.05 Stop Loss: Just below $1.24. This setup focuses on capturing the bounce from support with defined risk. #THETA #SupportTrade
Long
by Richtv_official
Everything going by the plan!Hello Traders, Based on my previous post DOM reached 5.70% with a little push after the escalated war news in the Middle East. But again BTC was on the path of free fall even before the war. The chart has developed a small double top that should retest the monthly open the following days. There is the possibility that DOM might try to create LH at around the 5.85 - 5.95% zone cause we are waiting for Israel to respond to yesterday's attack. Let's see what the chart will give us next.
CRYPTOCAP:USDT.D
by Dajkin
ADA Outlook after the Dip. What to expect NOW ?The ADA is in a ascending triangle now which means the price will increase and also It is expected that the price would at least grow as good as the measured price movement(AB=CD) Note: we should wait for the breaking of the triangle and than make a move! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard .💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
10/1 Bull trap is confirmed. Monthly level $64k didn't hold.Overview: The AMEX:SPY started the day with a large red candle, erasing all of Jerome Powell's optimism from his speech yesterday. Early in the session, before the Federal Reserve even released its report, the market was already sliding, triggered by more-than-expected job openings. Within the first 60 minutes of trading, all of last week's gains vanished. Adding to the downturn, trading volume surged, surpassing yesterday’s levels, signaling increased selling pressure. As is typical, the Nasdaq NASDAQ:QQQ experienced more significant swings, hitting its lowest point of the day, which coincided with the highest point from last Wednesday’s rate cut announcement. This underscores the volatility in the tech sector. All eyes are now on Friday's unemployment rate report, where the market expects a figure of 4.2%. Should the report show lower unemployment driven by improving labor conditions, it may compel the Federal Reserve to keep interest rates high. Such a move could further dampen the growth of risky assets like stocks and cryptocurrencies. Tuesday marked the first day of negative ETF flows for Bitcoin. Major players like Fidelity, Bitwise, and ARK Invest dumped approximately $250 million worth of BINANCE:BTCUSDT . Meanwhile, BlackRock continued its seven-day buying spree, leaving many to wonder: Do they know something retail investors don't? Or perhaps they aren't as "smart money" as often assumed? Only time will tell if loading up at the 60k level was a wise move. Despite initial hopes, Bitcoin has not yet proven itself as a safe haven asset like gold or Swiss francs. In times of heightened geopolitical tension, such as the recent events in the Middle East, risky assets like Bitcoin and altcoins tend to suffer the most. BTC TA: W: In just two trading days, Bitcoin’s weekly candle turned red, dropping the price below the $64 k level, which coincided with both monthly and weekly resistance. Up until Monday, there was still hope for a potential fifth bull wave if BTC could recover the $64 k level after the initial drop. However, continued selling pressure wiped out any bullish momentum. D: Monday's bearish prediction proved correct, with Bitcoin dropping by 3.98% on Tuesday. This sell-off is significant but not unprecedented, as larger price movements occurred in early August with losses of 5.70% on August 2nd and 7% on August 5th. Are we seeing a repeat of early August? September's first week wasn't particularly bullish either, with prices briefly touching 56.9k. Unfortunately, the current MACD setup looks eerily similar to the lead-up to the August 5th crash. Currently, BTC is hovering around the 61.5k level, which was drawn weeks ago as a key support. 4h: The RSI is now oversold, but the MACD has not yet shown any bullish divergence. There is potential for a short-term recovery to the 63.5k - $64 k level, but sentiment remains cautious. Short-term bullish. 1h: On the 1-hour chart, the RSI has started to rise, moving toward the 50 level, indicating a neutral stance. No clear divergences have formed. Altcoins Relative to BTC: Earlier in the week, altcoins were outperforming Bitcoin, negating any concerns of a bull trap. However, they have since retraced to their respective moving averages without front-running this recent BTC crash. Altcoins are moving in sync with Bitcoin, showing no major divergence. Bull Case: BlackRock could be proven right, continuing to buy at the 60k level. Should Bitcoin dip to the $58-60k range, they may accumulate even more, reversing the bearish sentiment and forcing retail traders to halt their selling. Bear Case: The fifth bullish wave has officially failed, confirming a massive bull trap. If BlackRock's strategy fails, retail investors may see a significant wipeout. Fear and Greed Index: The Fear and Greed Index dropped to 39, officially entering "Fear" territory. Historically, entering the fear zone has led to steep declines: 07/04: The market dropped 6% the next day. 08/04: A 15% drop occurred the following day. 09/03: A 9.25% decline within three days. Prediction: The bull run appears to be invalidated. After three weeks of growth, BTC is now likely to correct down to at least the 61.4k - 59.1k range by the end of this week.
COINBASE:BTCUSDShort
by EvgenCapital
Potential bullish rise?The Bitcoin (BTC/USD) has reacted off the pivot which acts as a pullback support and could rise to the 38.2% Fibonacci resistance. Pivot: 60,560.68 1st Support: 59,460.98 1st Resistance: 62,628.12 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:BTCUSDLong
by ICmarkets
BTC Beginning of the Month Downward VolatilityBYBIT:BTCUSDT Seems we typically experience some downward volatility in the first week of each month since June. I certainly have noticed a trend: July 4/5 bottom, Aug 5 bottom, Sep 6 bottom. Let's see what the rest of the week has in store for us. -- -- -- -- Using the 50 period on the 12H for the ROC it seems we could be near a local top which has shown some tops/ bottoms in the past during this range. The blue boxes represent the beginning week of the months. YOY global liquidity is on the rise due to China easing significantly.
by bhx10
MYRO Long Spot Position (Reversal with 21 EMA Reclaim)Market Context: MYRO is showing signs of reversal by reclaiming the 21 EMA for the first time since July and turning a key resistance line into support. This offers a promising risk-to-reward trade if the price continues moving upward. Trade Setup: Entry: Around $0.082. Take Profit: First target: $0.115 Second target: $0.16 Third target: $0.22 Fourth target: $0.26 Stop Loss: Daily close below $0.074. This setup has a favorable risk-to-reward profile if the upward momentum holds. #MYRO #CryptoReversal
Long
by Richtv_official
BTC USD IdeaCurrently, we're seeing a reversal on the daily timeframe, having broken through the first range low of 62652.99. My next step is to wait for a potential dip in to discount and see if we can get another bullish entry. Overall, I remain bullish and am patiently waiting for the market to turn bullish again. If the trend turns bearish, I'll simply start to sell the asset. There aren't many immediate swing trading opportunities at the moment, so I might consider some in-and-out scalps if the volatility remains high.
COINBASE:BTCUSDLong
by themarketknight
DreamAnalysis | SOL Analysis: Key Triggers for Futures TradingWelcome to today’s analysis. I will be analyzing Solana (SOL) for futures trading. The analysis will cover daily and 4-hour timeframes, focusing on identifying suitable entry and exit triggers. Daily Timeframe Overview In the daily timeframe, after a sharp upward move with strong momentum, SOL hit the $202 resistance zone, initiating a correction phase that has lasted for about 200 days. During this period, the coin has been consolidating between the $125 and $202 levels. Volume Decline and Key Resistance The trading volume has been gradually decreasing, and currently, the price is below the $161 resistance. After testing this resistance three times, SOL has yet to establish itself above this level. A breakout above $161 could serve as a good long trigger, with the first target being the next resistance at $187. voiding Moving Averages I’m not using moving averages like the SMAs due to the market’s range-bound condition and low volatility. However, for detecting momentum, we can use an RSI breakout above 65.01, but this confirmation isn’t highly reliable due to the sideways market, which makes indicators and oscillators less accurate. Long Triggers and Potential Targets The next long triggers are the breakouts of the $187 and $202 resistance levels. Personally, I prefer opening a position with the $187 breakout, as the $202 breakout might not provide a strong and reliable trigger. If $202 is broken, the next target would be $233. Short Triggers and Bias Towards Uptrend The short triggers are $139 and $125, but I’d prefer to open a position at $125 since the main market trend is still bullish and currently in correction. I believe there is a higher chance of an upward move than a downward one. If the support levels are broken, the next support target would be $82. 4-Hour Timeframe Analysis Now, let’s move on to the 4-hour timeframe. The triggers from the higher timeframes are also visible with slight modifications, and we can use the same triggers in this timeframe as well. Weakening Momentum In the last upward wave, after hitting the $160 resistance, volume started to decline, and the size of the candles and market momentum indicated weakness in the trend. Additionally, we have a convex trendline that also highlights the weakening wave. Given this, I’d personally open a short position upon breaking the trendline and the $152 support, but with low risk. I’d take profits at the $138 and $126 support levels. Importance of $160 Resistance Despite the weakening trend and the short trigger, I wouldn’t hesitate to open a long position. The $160 resistance is crucial, as it has pushed the price down three times so far. Therefore, it’s natural for the price to lose strength near this level. The $160 breakout is also a valid long trigger, and I’d make every effort to open a long position if this resistance is broken. Caution on Short Triggers As mentioned, the first and riskier short trigger is the $152 level, which isn’t very reliable. I recommend risking only half of your usual amount for this position. The next trigger is at $138, which I view as a target for the first short position. The main short trigger is at $126. [bFinal Thoughts on SOL’s Trend Overall, I believe that in the higher timeframes, Solana’s trend remains bullish, which affects futures triggers. Given this, I personally prefer taking long positions, which is why I wouldn’t open a short position at the $138 level. However, the $160 breakout seems like a good long position opportunity for me. Disclaimer This is not financial advice, and it’s purely my personal opinion on the movement of this coin. It may be entirely wrong, so always do your own research before making any decisions.
Long
by DreamAnalysis
SOLUSDT Potential trend continuation after a correctionSOLUSDT recently tested the psychological level at 160, forming a double top pattern, which could signal a potential reversal or consolidation after reaching this key level. Prior to this, the market broke and closed above another significant level at 150, a bullish indication that buyers are stepping in. On the daily timeframe, the market is currently testing a previous resistance zone, where selling pressure led to pullbacks on two prior occasions. However, on the weekly timeframe, the last two candles have shown strong momentum, reinforcing the bullish sentiment in the market. The price may consolidate just below the 160 resistance level before a potential breakout. The target is the resistance zone at 165
Long
by RTED_Investing