Crypto Market Is Still Bullish Despite A New Sell-OffCrypto market faced some deeper decline, but still looks like a complex W-X-Y correction in wave 4 within a bullish trend for wave 5. A drop came from a stock market slowdown due to end of the month flows last week on Friday and due to US tariffs. However, now that US tariffs for Mexico and Canada are delayed, we can see a strong stabilization and recovery, which can be an indication for a bullish continuation within a new five-wave bullish cycle for wave 5, at least for the first half of 2025.
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LINKUSDT: Bullish Setup or Breakdown Ahead?Yello, Paradisers! Could this head & shoulders structure spell trouble for LINKUSDT? Or is the market setting up for a bullish reversal?
💎LINKUSDT appears to be showing signs of a retracement due to its head and shoulders pattern. If the price retraces to the identified support zone and presents a bullish I-CHoCH, W-pattern, or inverse head and shoulders on lower timeframes, the probability of a significant bullish move increases.
💎However, if the price drops further to sweep below the current zone (inducement), it’s prudent to wait for confirmation at the strong support zone. Although reaching this level might seem unlikely, if the price does drop, it would strengthen the likelihood of a bullish rebound. In this case, watch for bullish patterns such as I-CHoCH, W-patterns, or inverse head and shoulders to form before taking any action.
💎On the flip side, if a breakdown occurs and the candle closes below the strong support zone, this would invalidate our bullish outlook. In such a scenario, patience will be key—waiting for better price action and clearer market structure before considering the next move.
🎖 As always, the disciplined and patient approach wins in this market. Stick to the plan, follow the confirmations, and trade smart, Paradisers!
MyCryptoParadise
iFeel the success🌴
BTC BOUNCEBitcoin's daily chart shows a significant recovery after yesterday’s steep drop. Price bounced strongly above the key support zone near 90,000, marking the bottom of the broader consolidation range. This rebound has allowed Bitcoin to regain the critical 99,860 level, which is now acting as a pivotal area to watch. The current candle is testing this level, and holding above it would be a bullish sign, while a failure could invite further downside.
The 50-day moving average is still in play and has provided dynamic support during this volatile period, reinforcing its importance. If Bitcoin can establish itself above 99,860, the next resistance to overcome is 106,099. A close above that level would be a bullish signal and open the door for a retest of the recent highs near 109,358.
On the downside, losing 99,860 again could trigger another test of the support zone near 90,000. Volume has been elevated during this corrective move, reflecting strong market activity, and further price action will likely be decisive in shaping Bitcoin’s next major direction.
Traders should monitor today’s close carefully to assess whether the bounce off support has enough momentum to maintain bullish continuation.
TLT entry point at 89, take profit at 110, good luck guys!As we predicted in previous analyses, Trump's populism knows no bounds, which is why over the next four years we will continue to witness numerous statements, threats, promises, and their softening when it comes to implementation.
This was Trump 1.0, and this is what Trump 2.0 will be like over the next four years. He is afraid of a stock market crash, he fears the numbers, he fears inflation, and he fears high interest rates.
A new attractive entry point for TLT could be 89. And over the next 1-2 years, expect it to reach 110+.
10y market promises ~3.5% yield.
NIFTY - Trading levels and Plan for 05-Feb-2025🔹 NIFTY TRADING PLAN – 05-FEB-2025 🔹
📍 Previous Close: 23,707.70
📍 Key Levels to Watch:
🔸 Resistance Zone: 23,743 - 23,845
🔹 Opening Support Zone: 23,591 - 23,644
🟢 Last Intraday Support: 23,491
🟩 Buyers’ Strong Support: 23,345 - 23,388
🎯 Profit Booking Zone: 24,067 - 24,155
🔵 POSSIBLE OPENING SCENARIOS & TRADING STRATEGY 🔵
📈 Gap Up Opening (100+ Points Above 23,807) – Bullish to Cautious Approach
📌 If Nifty opens with a gap-up above 23,807+ , traders should wait for initial price action.
📌 A sustained move above 23,845 can trigger bullish momentum towards 24,067 - 24,155 (Profit Booking Zone).
📌 If Nifty struggles near 23,845 , expect sideways movement or a potential reversal to test 23,743 - 23,707 .
📌 Trade Setup:
✅ Buy on retracement if 23,743 acts as support after a pullback.
🚨 Avoid aggressive buying near resistance without confirmation.
↔️↔️↔️
📊 Flat Opening (Between 23,683 - 23,743) – Key Zone for Decision Making
📌 A flat opening within 23,683 - 23,743 keeps the market in a neutral-to-bullish zone.
📌 If Nifty holds above 23,707 , we can see a push towards 23,845 .
📌 Failure to hold 23,707 might bring weakness towards 23,644 - 23,591 (Opening Support) .
📌 Trade Setup:
✅ If Nifty stays above 23,707 for 15-30 minutes, a breakout trade towards 23,845 is possible.
🚨 If it breaks below 23,644, avoid longs and wait for a deeper support test.
↔️↔️↔️
📉 Gap Down Opening (100+ Points Below 23,607) – Caution Required
📌 A gap-down below 23,607 will bring pressure on support levels.
📌 23,591 - 23,491 is a key demand zone; a strong bounce from here can offer buying opportunities.
📌 If selling continues and Nifty breaks below 23,491 , the next major support is 23,345 - 23,388 .
📌 Trade Setup:
✅ Look for reversal signs near 23,491 - 23,345 before entering long trades.
🚨 If Nifty breaks and sustains below 23,345, expect further downside.
⚠️ RISK MANAGEMENT & OPTIONS TRADING TIPS ⚠️
🔹 Use strict stop-losses based on an hourly close.
🔹 Avoid chasing trades at extreme levels; wait for pullbacks.
🔹 For options trading, consider ATM/ITM contracts for better liquidity.
🔹 Time decay will impact weekly options—exit early if momentum slows.
🔹 Hedge positions if volatility spikes unexpectedly.
📌 SUMMARY & CONCLUSION 📌
✅ Bullish Bias above 23,743 targeting 23,845 - 24,067.
❌ Bearish Break below 23,591 may push towards 23,491 - 23,345.
📊 Key Zone: 23,707 - 23,743—market reaction here will decide the trend.
📌 Wait for confirmation at crucial levels before entering trades!
⚠️ DISCLAIMER ⚠️
🔹 I am not a SEBI-registered analyst. This trading plan is for educational purposes only.
🔹 Please do your own research or consult with a financial advisor before making trading decisions.
Day Trading: A Comprehensive GuideDay trading is a dynamic trading style that attracts many traders, particularly those looking to capitalize on short-term market movements. Unlike other trading strategies that span days, weeks, or even months, day trading involves executing trades within the same trading day, taking advantage of price fluctuations throughout that period. This guide will explore the essence of day trading, its strategies, pros and cons, and tips for success, delving deeper into the intricacies of the market and the techniques required to navigate it effectively.
What is Day Trading?
Day trading involves the buying and selling of financial instruments within a single trading day. Traders do not hold positions overnight; instead, they aim to profit from daily market movements. This approach is particularly appealing to novice traders, who may believe that frequent trades can exponentially increase profits. However, the fast-paced nature of day trading requires discipline and a solid trading plan, as emotional decision-making can lead to significant losses.
Traders typically utilize various time frames, often ranging from one minute (M1) to one hour (H1). While beginners may gravitate towards shorter time frames like M5 or M15, these often result in increased noise and the potential for quickly hitting stop-loss orders. Successful day traders understand that consistent profitability stems from maintaining discipline and developing a robust trading strategy rather than chasing quick wins.
Understanding Market Psychology
Market psychology plays a significant role in day trading. Fear, greed, and anxiety are the primary emotions driving investor behavior, leading to price movements. Traders must remain aware of market sentiment, gauging the mood of other traders and market participants. This involves:
1. Sentiment Analysis: Assessing current market sentiment can help traders position themselves correctly. Bullish sentiment often leads to higher prices, while bearish sentiment causes prices to drop.
2. Economic Indicators: Monitoring economic indicators and news releases helps traders anticipate potential price movements, influencing their trading decisions.
3. Support and Resistance: Key support and resistance levels indicate areas of price stability and potential for price reversal.
Read also:
--- Strategies for Successful Day Trading ---
To thrive in day trading, adherence to particular strategies is essential. Here’s a look at some of the most common techniques employed by day traders:
1. Scalping
Scalping is one of the oldest and most popular strategies in day trading. It involves making numerous trades throughout the day to capture small price movements. Scalpers analyze charts and execute quick trades based on technical indicators, entering and exiting positions in mere minutes. This method thrives in low-volatility environments, where assets tend to fluctuate within tight ranges, allowing traders to realize small but consistent profits.
Example of Scalping on 5-Minute EURUSD with Simple Moving Average and Standard RSI Indicator
2. Reverse Trading
Reverse trading capitalizes on market range-bound conditions. Traders identify key support and resistance levels and execute trades based on the price retracing from these points. This strategy typically requires a combination of technical analysis and an understanding of fundamental data. It's crucial to remain vigilant about scheduled news releases, as these can create sudden price surges or drops that impact positions.
Read also:
3. Momentum Trading
Momentum trading relies on the strength of existing price movements. This strategy involves entering trades in the direction of a prevailing trend, often guided by fundamental analysis and technical indicators such as Moving Averages. Traders monitor economic news and events that may influence market dynamics, utilizing these insights to execute long or short trades accordingly.
Read also:
4. Range Trading
Range trading involves buying an asset when its price falls to the lower boundary of a trading range and selling when it reaches the upper boundary. This strategy requires a keen eye for identifying support and resistance levels and a deep understanding of market volatility.
Read also:
Pros and Cons of Day Trading
Day trading comes with a distinct set of advantages and challenges. Here’s a balanced view of its pros and cons:
Pros:
- Access to Capital: Traders can start day trading with lower capital requirements since each trade can yield a profit in just a few pips.
- Flexibility: Traders have control over their trading schedule, allowing them to choose when and how long to engage in trades.
- Potential for High Returns: Successful day trading can produce significant profits compared to longer-term strategies, provided that trades are executed prudently and systematically.
Cons:
- High Risk: Day trading is inherently risky, especially for those inexperienced in market dynamics. The potential for quick losses is significant.
- Psychological Pressure: The fast-paced nature of day trading can lead to emotional decision-making, which can derail even the most disciplined traders.
Read also:
- Time Commitment: Day traders must be patient and ready to dedicate long hours to monitoring the markets, which may not suit everyone.
- Commissions and Fees: Trading frequently can lead to increased commissions and fees, eating into potential profits and making it essential to maintain a high win-to-loss ratio.
Managing Risks in Day Trading
Risk management is paramount to surviving in the world of day trading. Here are some risk management techniques to consider:
1. Position Sizing: Proper position sizing is critical to risk management in day trading. This involves allocating the right amount of capital to each trade to minimize the impact of potential losses.
2. Stops and Limits: Traders use stops and limits to limit potential losses. Stops are triggered when prices reach a predefined level, closing out the position, while limits are triggered when prices reach a certain level, closing out the position.
3. Risk Reward Ratio: Setting a risk reward ratio helps traders maintain profitability. This involves setting a ratio of reward to risk, typically around 1:3 to 1:4.
Read also: /b]
and..
and...
Conclusion
Day trading can be a lucrative venture for those willing to invest time in understanding market mechanics, developing strategies, and exercising disciplined decision-making. While it may appear attractive, particularly for beginners, the reality is that successful day trading requires meticulous planning, emotional control, and a well-thought-out strategy.
For those new to day trading, practicing on a demo account is advised to build skills and confidence. Starting with simpler strategies, such as pullback trading or scalping, can help beginners navigate the complexities of intraday trading. Ultimately, comprehensive knowledge of technical analysis and a clear grasp of market sentiment are critical for achieving consistent success in day trading.
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GBP Post-Gap Drop Followed by NY Session Recovery After the opening gap, GBP initially dropped but managed to recover during the New York session. This price action suggests a potential bullish bias, as buyers stepped in to absorb the sell-off. However, the overall trend is still bearish and key resistance levels should be monitored before confirming further upside. Stay cautious and manage risk accordingly.
Closing my Buying order with ProfitAs discussed throughout my yesterday's session commentary: "If #2,800.80 mark gets invalidated and market closes above, I add more Buying orders on mentioned levels aiming at #2,818.80 (slightly below #2,822.80 Resistance line). As expected, Buying accumulation I discussed throughout the session started and the Technical reason behind it was the Ascending Channel configuration which was adding confidence to Buyers, and attracted Short-term Investors, triggered their pending Buying orders (spike towards #2,800.80 benchmark from #2,772.80 Higher High's Lower zone few Hours ago confirms the above)."
I have closed my Buying order (#2,801.80 - #2,822.80) on a fine #21-point run as Gold tested even levels above #2,822.80 however that was fine by me since I am satisfied with my order returns.
Technical analysis: Price-action came too close to the #2,822.80 - #2,832.80 Medium-term Resistance zone and the fact that is currently strongly rebounding may not only be Technically attributed to mentioned fractal (representing the February #11 similarities) but also to the fact that it just hit the Higher High’s trendline of the Hourly 4 chart’s Ascending Channel. As long as mentioned zone is providing Resistance, I expect Gold to break back below the Hourly 4 chart’s Rectangle and pressure for #2,800.80 Higher High’s Lower zone (benchmark). Gold is Trading on Inflated prices and same as Gold was purely rising on Fundamental factor, similar takedown will follow. If Gold closes the session below the #2,800.80 benchmark on market closing, expect Gold to make a Top here. If on the other hand #2,832.80 gets invalidated and Gold eventually closes the session above, I expect the High Volatility zone with similarities to mid-April - June to be replicated and #2,852.80 benchmark test in extension.
My position: As discussed above, I do believe that Gold is Overbought and some cool-off to such levels I do expect and #2,800.80 eventual Intra-day test. If however Gold breaks to the upside, I will act according to what I wrote above.
USD/CNH Chart Sees Spike in Volatility Due to TariffsUSD/CNH Chart Sees Spike in Volatility Due to Tariffs
In response to the Trump administration's 10% tariff on Chinese goods, Beijing vowed to challenge the decision at the World Trade Organization.
Moreover, Chinese authorities have:
→ imposed retaliatory tariffs of 15% on US coal and liquefied gas, and 10% tariffs on oil and agricultural machinery;
→ launched an investigation into Google for potential anti-competitive practices.
These recent developments have triggered a spike in volatility for the Chinese yuan against the US dollar. As the USD/CNH chart shows today, the ATR indicator is at its highest level since early November, when Trump celebrated his election victory.
On 9 January, in our analysis of the USD/CNH exchange rate, we noted:
→ the importance of the 7.35 level, which had acted as resistance for several months;
→ according to Wang Tao, chief economist at UBS China, the yuan may weaken to 7.6 per dollar by the end of 2025 if the Trump administration imposes higher tariffs.
Today's technical analysis of the USD/CNH chart shows:
→ the rate is supported by the lower boundary of an expanded ascending channel (shown in blue);
→ the 7.35 level continues to act as resistance (as indicated by the red arrow).
Thus, at the beginning of February 2025, we may witness the formation of a narrowing triangle (shown by the black lines), and a breakout could lead to a significant trend movement. How realistic this assumption is largely depends on how the ongoing tariff conflict between the US and China develops.
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Long trade
15min TF overview
Buyside trade
Mon 3rd Feb 25
NY Session AM
1. 45 pm
Entry 0.000015682
Profit level 0.000018691 (19.19%)
Stop level 0.000015628 (0.34%)
RR 55.72
Reason: Observing the full structure of SHIB and incorporating the Wyckoff narrative—specifically Phase A (Selling Climax) and Phase B (Secondary Retest)—was pivotal in mapping directional bias for the buyside trade.
US vs CA, MX trade war: What can we learn from it?In this video, we look how we could have avoided problems when trading the USDCAD, and how the outcome of the trade war, can be used to trade better in the future.
This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
SAND → 𝐁𝐮𝐥𝐥𝐢𝐬𝐡 𝐏𝐫𝐞𝐬𝐬𝐮𝐫𝐞 !!!Buy at 37 cents and sell at 41 and 56 cents . This signal is only valid for 2 days.
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❗Disclaimer
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!