USDJPY LONGSLooks like a good zone to potentially take a buy from with my major timeframes lined up. Once price taps in again I’ll be looking for entry on 1h, 2h, or 4h timeframes
Support and Resistance
Luce is bullish Hi there, I think this meme can do a strong jump to the target.
History of price shows me that uptrend will be fast in daily time frame.
Michael Sailor is dumbMichael Sailor is the dumbest trader I've ever seen on a massive scale. MicroStrategy started buying Bitcoin on August 11th 2020. Since then Michael Sailor held Bitcoin for a loss and bought Bitcoin at all time highs. He never sold Bitcoin to take profit, never had a stop loss and leveraged his Bitcoin dca accumulation by issuing debt with a check he ultimately can't cash. In the future this will prove to be a catastrophic example of how not to trade or invest. Everyone will be saying in hindsight they could have predicted such a collapse. Everyone who has traded Bitcoin the past 10 years knows it is a speculative risk asset. You buy the drop and sell the top. Eventually, this ponzi scheme greater fool theory implodes under it's own weight and gravity prevails.
BTC Future trajectory:
Sell Resistance = 100k
Hold Average = 63k
Buy Support = 23k
THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Decent move so far on Gold with price giving support on the red boxes, pushing up into the first resistance level we mentioned on the KOG Report then allowing the short back down for a clean swoop Monday trade.
Now we have support here and just below at the extension level 2606 which if held should give us the move into the resistance level above which now needs to be monitored for the break. If held, another opportunity to short maybe! Let's see, 2630 again the key level for Xmas Eve.
Bearish below 2660 with targets below 2610 (complete), 2596, 2580 and 2578
Bullish on break of 2660 with targets above 2667 and above that 2670
RED BOXES:
Break of 2625 for 2630, 2635, 2645 and 2660 in extension of the move
Break of 2610 for 2606, 2590, and 2680 in extension of the move
As always, trade safe.
KOG
Possible scenario for EURCHFlet's first talk about the white trendline which has been intact since May 2024 but now it has been broken and after the price came back this time trendline acted as support and gave a decent bounce. If it sustains there the chances are that the price will touch the yellow trendline which is a strong resistance since 2021 and still intact. One more point is that the support level of 0.9025 has been tested twice since 2002. Using this analysis a nice buy setup can be found on 1Hr TF for higher RR
EURUSD: The Dollar's Dominance Continues
The EURUSD pair declined as predicted in the previous analysis. Current fundamental conditions and the dollar's strength hinder the consideration of a bullish scenario for this pair. Additionally, no strong demand zones are currently visible on the chart. As a result, any upward moves in this pair are viewed as opportunities for renewed selling. Breaking the previous low could lead to a further decline in this currency pair.
DNX/USDT: Bottom Formation with 3-Wave 111% ExpansionHere's a professional TradingView analysis for Dynex/USDT:
DYNEX/USDT Analysis - Potential 111% Growth Setup
Pattern Setup:
• Bottom formation confirmed at 0.215
• Triple target structure identified
• 4H timeframe showing reversal signals
Key Price Levels:
🎯 Entry Zone: 0.2150-0.2200
🎯 TP1: 0.3250 (+50%)
🎯 TP2: 0.4000 (+80%)
🎯 TP3: 0.4750 (+100%)
🛑 Stop Loss: Below 0.2000 (-8%)
Wave Structure:
1. First impulse targeting 0.32 zone
2. Second wave aiming for 0.40 resistance
3. Final wave projection to 0.47 area
Volume Analysis:
• Declining volume in downtrend
• Potential accumulation phase beginning
• Watch for volume confirmation on breakout
Risk Management:
• R:R Ratio for TP1: 1:6.25
• R:R Ratio for TP2: 1:9.5
• R:R Ratio for TP3: 1:13.9
Key Invalidation Points:
• Break below 0.20 invalidates setup
• Weekly close below entry zone cancels pattern
• Failure to break TP1 requires position review
Trade Management:
1. Scale in: 0.21-0.22 zone
2. Move stop loss to break even after TP1
3. Trail stops for remaining position
4. Take partial profits at each TP
Timeframe:
Position duration expected 4-6 weeks into early 2025
Note: This forecast based on technical analysis. Always manage risk appropriately and DYOR.
#Crypto #DYNEX #USDT #TechnicalAnalysis #Trading
ACSUSD 12/6/2024ACSUSD Daily Chart Analysis
Overview:
After topping out between March and April 2024, ACSUSD experienced a steep downtrend, respecting the 50-day and 200-day EMAs until late October 2024. However, a reversal began in early November with strong signals pointing to bullish momentum.
________________________________________
Key Observations:
1. Reversal Pattern:
o On November 4th and 5th, a Tweezer Bottom pattern formed, signaling a potential trend reversal.
o Confirmation came the following day, supported by a significant volume spike.
2. Breakout and Pullback:
o November 10th saw a massive +60% move, breaking through the 50-day EMA and briefly surpassing the 90-day EMA.
o Price has since retraced below the 90-day EMA but holds firm at the 50-day EMA, establishing it as support.
3. Bullish Structure:
o A trendline has emerged, guiding price upwards alongside support from the 10-day EMA.
o Volume remains elevated, and the MACD continues to trend higher in bullish territory, further validating upward momentum.
4. Current Setup:
o Price is sitting at a confluence of supports (trendline and 10-day EMA), presenting a strong risk-reward entry point.
________________________________________
Trade Plan:
• Entry: 0.0021550
• Stop Loss: 0.0017915 (-16.87%)
• Target #1: 0.0032318 (+49.98%, 2.96 RR ratio)
• Target #2: 0.0044041 (+104.99%, 6.32 RR ratio)
________________________________________
This setup aligns with a continuation of bullish momentum, supported by technical indicators and favorable market conditions.
WLD Trade Idea | 4:1 RR | Bullish Crab Pattern + Fib Support
🔍 Trade Analysis:
This setup leverages a Bullish Crab Pattern identified on the 4H timeframe, showing confluence with a strong support zone. Additionally, on the daily timeframe, WLD is holding above the 0.786 Fibonacci retracement level, reinforcing the bullish bias.
📊 Trade Parameters:
- Entry: CMP at 2.192
- Stop-Loss: 1.94 (below key support)
- Target Price (TP): 3.16
- Risk-to-Reward Ratio (RR): 4:1
⚠️ Important Note:
As we approach the holiday season, market volume might remain low, increasing the likelihood of choppy price action or unexpected volatility. Consider reducing position sizes and managing risk effectively.
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Disclaimer:
This post is for educational and informational purposes only and does not constitute financial advice. Trading involves significant risks and may not be suitable for all investors. Past performance is not indicative of future results. Always conduct your own research and consult with a professional financial advisor before making any trading decisions. Trade responsibly, especially during periods of low market activity like the holiday season.
Quick Short Trade Setup: 1:2 RR | 4H Downtrend Break+Confluence🔍 Trade Idea:
This setup is based on the break of a 4H downtrend, aligning with key confluence factors:
1️⃣ A support level near a previous demand zone.
2️⃣ The VWAP median support acting as an additional confirmation.
📊 Key Levels:
• Entry: On a confirmed bounce at VWAP median support.
• Stop-Loss: Tight stop 21.15.
• Target: 2x the risk for a 1:2 RR.
🕵️ Analysis:
Price action shows consolidation near support, indicating potential momentum shift. The downtrend break provides directional bias, with VWAP and support adding strength to the setup.
On a weekly level LINK has support on fib 0.382 retracement and the weekly support of 22.03. On HTF LINK is still bullish.
⚠️ Risk Management:
Always use proper risk management and position sizing. This is a short-term trade idea and requires quick execution and monitoring.
**Disclaimer:**
This post is for educational and informational purposes only and does not constitute financial advice. Trading involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Always do your own research, consider your financial situation, and consult with a professional financial advisor before making any trading or investment decisions. I am not responsible for any losses incurred as a result of your trading or investment activities. Trade responsibly!
HOOD 5/10/2022HOOD
This HOOD will be snipped
HOOD is currently in an existing downtrend.
I reached All-time lows in Jan.’22 and has been moving sideways between 10.86 – 15.14 since.
April ’22, price broke down from range signaling continuation of downtrend.
Price then pulled back to previous support at 10.86 and rejected it turning previous support into resistance.
MACD is in bearish territory and has also cross its signal bearish.
This is my cue to enter trade short.
Entering trade short.
Entry: 9.27
Stoploss: 11.23
Target: 6.58, +28.85%, 1.35 RR ratio
ORCL 6/7/2022ORCL
ORCL entered a Sideways range Sept.’21 after trend was broken. The sideways trend lasted until Jan’22
Jan.’22, price broke down from range. The sideways range was deemed a Distribution stage. A downtrend was to follow.
On the breakdown, price made a low of 72 and we also saw a death cross between 50 and 200 ema. This further confirmed the bearish conditions.
After a pullback to resistance, price made another move down and broke below the low of 72 and made a lower low at 66. The Downtrend has now been confirmed.
Currently, price has pulled back to the previous low of 72. Yesterday’s candlestick closed as a shooting star at this resistance level. This will be my cue to enter trade short.
Entering trade short
Entry: 72.86
Stoploss: 77.07
Target: 61.15, 16.07%, 2.78 RR ratio
BTCUSD 4H TFWill be looking for possible longs on BTCUSD due to the strength of the demand area found at the zone. once price action confirm will pull the trigger at 91800
FL 9/14/2022
FL
Daily chart analysis
FL has been in a downtrend for quite some time now.
It has now pulled back to the downtrend line it has created. This area will be considered an area of value.
We have stochastic reading just coming down from overbought
We also have the MACD just crossing under its signal.
Downtrend + Overbought stochastic + Pullback to area of value = Short trade entry
Entering trade short
Entry: 37.53
Stop loss: 41.92(-11.70%)
Target: 24.76, +34.03%, 2.91 RR ratio
GME 8/23/2022GME
Why hasn’t #Wallstreetbets save their fanboys?
GME Weekly chart analysis
Let’s compare 2021 vs 2022
Pretty clear and straight forward.
2021
Two green weeks mid Jan.’21 sent price flying from 9.75 to high of about 120.65.
Since then, GME has done nothing but make a series of Lower Highs into Support area @ 37.95-45.55.
These Lower highs into support area displayed the weak buyer pressure by bulls. A bearish Descending Triangle was formed.
After 10 months of failing to break a high, in Nov.’21 Bulls did the unexpected and “broke out” of the Triangle looking to continue the previous up-move.
This “Breakout” was short lived as the pressure from the sellers overwhelmed the buyers. Price was shot back down below Triangle breakout point. The “breakout” move was deemed a “False breakout/Price rejection”.
In Dec.’21, the false breakout was followed by price breaking down below Support area @ 37.95-45.55 and the 50 ema. This is the 1st time since Aug.’20 that price falls below and lost Support of 50ema.
All of 2021 was spent by the Bulls/Buyers trying to fight off the Bear/seller pressure and trying to stay above Support area @ 37.95-45.55 and the 50 ema.
They were systematically broken down and eventually overwhelmed and conquer by the Bears/Sellers.
2022
After breaking down from Support area @ 37.95-45.55 and the 50 ema, by end of Jan.’22 price made a Lower Low and found new Support @ 22.20.
From Support @ 22.20, price bounced are looked to break back above Support area @ 37.95-45.55 and the 50 ema.
Price failed to stay above previous Support and was rejected back down to 22.20. Support area @ 37.95-45.55 and the 50 ema were turned into Resistance area/level.
Price bounced one move time from Support @ 22.20 to Support turned Resistance area @ 37.95-45.55. We have a Price rejection pattern here. This is cue to enter trade short.
The Bulls/Buyers have spent all of 2022 moving sideways between new Lower Low/Support level @ 22.20 and previous Support turned Resistance area @ 37.95-45.55 and the 50ema.
After a hot 2 weeks in Jan.’21 that saw price fly from 9.75 to 120.65, GME has now spent 81weeks moving side-ways with the Bears/sellers systematically breaking down the Bulls/Buyers.
Now with the 2nd price rejection @ Resistance area @ 37.95-45.55 and the 50ema, Bears will look to move price back down to Support @ 22.20 and then breakdown to Support area @ 9.75.
Why hasn’t #Wallstreetbets put their powers together again and save the bleeding out GME bag holding fanboys still talking about “going to the moon”?
Sad to see them let the fanboys over @ AMC get cooked earlier this week.
With extreme bear conditions and price siting at “area of value”, I will be entering trade short.
Short term trade
Entry: 33.53
Stop loss: 22.20(-22.98%)
Target: 22.20, +33.93%, +1.48 RR ratio
Long term trade
Entry: 33.53
Stop loss: 52.50(-56.76%)
Target: 10.00, +70.14%, +1.24 RR ratio
BTC : All Time High IN - OR Multimonth Playout?Bitcoin has begun a steep drop, and it's likely that the ATH is priced in. This fits my previous idea that the ATH would either be just over or just under 100k.
There is, ofcourse, another option as well - a continuation over the next few months. This is likely if the price of BTC follows a fractal of the previous cycle. It would become likely if we see a strong bounce around the 81-82K zone, pushing us up into the 90's.
But, at the moment, I'm leaning towards the idea that the ATH is in.
It would also makes sense for the ATH to be in, from an Elliot Wave Theory perspective, since we've made a perfect 5 waves. If this is indeed the case, we can look forward to a few more rallies in the altmarket.
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BINANCE:BTCUSDT
GOLD (LONG)This is my thoughts on gold currently. I explain what I need to see before entering for a buy so please be sure to watch the whole video.
Christmas gift: buy gold!Bros, gold has fallen back to around 2616 in the short term. Where will gold fall? In fact, from the perspective of the short-term structure, although gold has fallen back twice in the 2635 area and fell below 2620, for the overall structure, gold's performance today is not weak. As long as gold stays above 2612, gold still has the ability to continue to rebound.
So don’t be frightened by the short-term downward trend. The fall in gold is likely to give you an opportunity to go long in gold. Once gold tests the support again, gold is likely to continue its rebound and try to touch 2640 or even 2650.
Bros, this is my Christmas gift to you. Be brave and seize the opportunity to be long gold. Bros, are you going long on gold like me? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
EconOptic| Is BITCOIN heading towards 90K?4-Hour Timeframe Analysis
The ascending channel has been broken to the downside, followed by a pullback to the lower boundary of the channel. This movement allows us to use the Fibonacci Extension tool, which identifies the 0.618 level as a potential target for this wave.
Simultaneously, I have drawn a Fibonacci Retracement tool on the daily timeframe, starting from the first low before the beginning of the previous upward wave (before breaking the daily box) to the recent high. This tool highlights the 0.382 level, which could indicate strong bullish momentum if it turns out to be Bitcoin’s bottom.
Alongside these two tools, we also have a support zone in the same area. Lastly, the 1:1 risk-to-reward target of the ascending channel aligns with this support zone and the levels identified by the Fibonacci tools. Together, these factors form a Potential Reversal Zone (PRZ).
However, despite these indications, I will not base my entry solely on them, as they are probabilities and do not guarantee a reversal. Bitcoin may still be inclined to decline further. I will only consider entering a long position if I see confirmed price support, stabilization, and the initiation of a new upward momentum.
All of these remain probabilities for now.
CVS Health Corp | CVS | Long at $43Not much to write about here except the stock has reentered the "crash" simple moving average area (see green lines). Often, this signals an overall bottom, but it doesn't mean a further dip below $40 isn't possible in the near-term. Personally, I can't ignore this reentry and thus have started a position at $43 (after closing out a previous position in October in the $60's). The company has a lot of headwinds, but if Walgreens NASDAQ:WBA is also in trouble, is NYSE:CVS too big to fail in the short-term?
Target #1 = $53.00
Target #2 = $60.00
Target #3 = $65.00
Target #4 = $68.00
BANK NIFTY 24th December Expiry Level Bullish Scenario:
If the price stays above 51,250, aim for 51,522.35 as the next target, followed by 51,658.30.
A breakout above 51,880.40 could lead to further bullish momentum.
Bearish Scenario:
If the price falls below 51,204.65, watch for a retest of the green support zone (50,927.55 - 50,879.95).
USD/ZAR LONGS UPDATEI entered USD/ZAR last Friday and swung it into this week and it just hit take profit while I was sleeping so a great start to the week.
ANET - Eyeing a short-term short on a very bullish chartVideo says it all. If we see the confluences that we need to, I will enter a position, if not - not!
That's the way the trading game works - set your plan and stick to it.
Happy Trading :)
