70cbS261h1 A bit FOMO with the entry Still a good setup after all
🧐Today, I want to analyze Bitcoin for you in a weekly time frame so that maybe it can give us a good view of the continuation of Bitcoin's movement . 🏃♂️If you look at the chart, Bitcoin is moving in the Ascending Channel in the weekly time frame, the ascending channel I have drawn seems to be a valid channel, so that the middle line of the ascending...
The tech-heavy index exhibited two-way action on Wednesday as markets reacted to the Fed outcome. The central bank acknowledged the lack of progress towards the 2% inflation target and Chair Powell added that recent hot reports have not given officials greater confidence towards this goal. Along with resilient labor market and strong economy, the bar for a pivot...
Ethereum is preparing for the final crash! 2800 to 2700 is the most important zone you can watch because the price should bounce from it. This is exactly where you want to buy Ethereum for the long term or enter a high-leverage trade. I don't think the price will go lower, prices such as 2500 USD or 2000 USD is no longer realistic and possible. Why do I want to...
Bitcoin is in the middle of the bull market cycle, but where exactly? It's necessary to do an Elliott Wave technical analysis to see the full map, as the market always moves in waves. We are almost at the end of the major wave (3), and in summer 2024, we are ready to make a significant corrective ABC pattern. We probably all know that summers are usually boring...
The price of Bitcoin is preparing for a final drop to the downside, to 57k per my calculations! The price is still inside this bullish flag formation, and we still need to complete the ABC corrective pattern from the Elliott Wave perspective. At this point, I cannot be bullish at all, just be patient and wait for 57k to be hit before buying BTC! It's also...
Good morning ☕️ Today’s setup 💡 We saw a massive move to the upside after the interest rates announcement yesterday. 📈 Hoping for a pullback into the marked buy zone now. 🧐 Too bad I missed the sell zone from yesterday while I was driving, but setups happen every day, so no need to rush or take unnecessary risks without a clear setup. 🚗 Remember, patience...
4015 **Bullish Points:** Price at significant support level (Volume profile) confluence with 78% fib level Bullish divergence is observed Small entry can be taken now (Aggressive) Further entry can be taken after descending channel breakout, or at next support level 118.6 (DCA strategy) **Bearish Points:** Price is moving in downtrend, series of LH/LL H&S pattern...
Looks like Kotak Bank is testing support at the trend line, Also bank nifty looks strong chances for this support will act as a good support, so I'm expecting 2080 and 2560 as targets in long term, lets see if this works. Target1: 2080 Target2: 2560
1111 took an upside movement and is in consolidation recently Short term trade of 5 to 6% can be taken between SL and TP Long term trade shall be taken after breakout of consolidation Trade with proper risk management Trail SL to ride the trend
CME_MINI:NQM2024 - PR High: 17513.00 - PR Low: 17484.00 - NZ Spread: 65.0 Key economic calendar event 08:30 | Initial Jobless Claims Inventory dip below Tuesday low - Lifting above prev session close and open - ~225 points from prev session high Evening Stats (As of 12:05 AM) - Weekend Gap: +0.16 (filled) - Gap 5/2 +0.07% (open < 17481) - Gap 10/30 +0.47%...
AMAT is in C-wave now. Short anywhere here Target #1 180 Target #2 170 Stop loss 207
WRN is on 15 minute chart. The ideas is described on the chart in textboses with a head and shoulder pattern identified as well as a Fibonacci retracement leel and dual anchored VWAP to identify areas of high liquidity and trading volume. The trend indicator adds support to waiting for a best entry as marked on the chart. Once entered, my expectation is for...
DOCN ona 120 minute chart has downtrended into the support of a 0.5 Fib retracement from the rise after the November earnings. and the triple top then trend down from the last earnings. I believe that is is well situated to rebound toward that triple top again in the next three weeks until earnings. I realize that based on the inicators a long trade...
NFLX on a 120 minute chart currently has price sitting on the POC line confluent with the Fibonacci 0.5 level on the previous trend up that was before the trend down from around the time of an earnings beat which was a disappointment because traders somehow expected better. There is been some disappointment about NFLX keeping some of its subscriber...
AAPL is here on a 120-minute chart in what appears to be a falling wedge pattern. As volatility gets compressed further it could break down or break out with a bais for the latter. I believe that the rise of generic phones in China and Inda with comparable cameras and other functionality has impacted AAPL as had the rising prices of its flagship products. ...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 time-frame - Price action is at a Consolidation Zone - Aiming for the 50% Fibo retracement to TP Fundamental Confluences for Trade: - US yield differential against AUD will support USD - China's economy is still struggling to improve and dampening AUD's growth potential ...
We finally broke through the bullish momentum we have been on, my current thoughts are that we will see XAUUSD retrace further and back down.