Trend Analysis
GLM/USDT- BUY SETUPBINANCE:GLMUSDT
✔︎ENTRY : 0.3606
🏓TARGETS :
✔︎T1 : 0.4046
✔︎T2 : 0.4447
✘STOP : 0.3394
💡Reason for this trade:
This trade gives my trading system a sign of strength:
• My trading system is based on liquidity and reversal zones.
• When the liquidity is swept from one side under certain conditions, we will wait for the price on the other side.
The liquidity will attract the price like a magnet.
• the first side that has been swept:
1- range deviation
2- range volume profile POC
• Opposite side targets:
1- liqudity void
2- range high
💡Entry setup
1- reclaim range POC+ IFVG
⚠️WARNING:
• I'm not a financial advisor.
• Do your own research (DYOR).
Will Bitcoin fall below 60K?Will Bitcoin fall below 60K?
bitcoin dips below 60k, but we're unfazed.
i see this playing out as we move into the depths of winter,,,
this crypto winter ❄️
why would this happen, you ask?
the answer is simple: a stop-loss raid.
a sharp wave 4 designed to shake out weak hands.
distribution may have already started, hypothetically speaking, but it'll take the rest of the year to unfold.
think of it like the jan 2021 -> april 2021 vibe, only on a slightly higher degree and timeframe.
---
take note of the highlighted wave 2's and wave 4's on my chart.
what i'm illustrating is "the law of alternation," which states:
if wave 2 is flat, wave 4 will be sharp, and vice versa.
all the wave 2's in this cycle have been flats,
so by design, all of our wave 4's are set to be sharps.
this fits neatly into the larger cycle:
sharp retracements triggered by over-leveraged positions,
yet consistently bought up thanks to strong demand.
with each sharp retracement, however, the upward moves become smaller,
as momentum gradually fades.
---
w4 target: below 60k
w5 target: between 150k-200k (conservatively).
TradeCityPro | BCHUSDT Final Analysis of 2024👋 Welcome to TradeCityPro Channel!
Welcome to the last analysis of 2024! The Trade City Pro team is very happy to have been with you this year and, at your request, has resumed its activity on TradingView. Our first analysis dates back to 2021 on this platform. :)
🌐 Overview Bitcoin
Now let’s analyze Bitcoin Cash (BCH) together in the final hours of this year. But remember, tomorrow is the most holiday-packed day of the year, with about 60% of the world’s population enjoying their break, which means trading activity is expected to be low.
Before starting the analysis, as always, let’s take a quick look at Bitcoin. On the 1-hour timeframe, it has rejected resistance, and the RSI failed to enter overbought territory, returning to the 91830–95753 box. It’s likely that Bitcoin will range within this box tomorrow.
Alongside this rejection, Bitcoin dominance has been trending upwards, causing altcoins to experience deeper red candles on the last day of the year.
📊 Weekly Timeframe
On the weekly timeframe, BCH is one of those coins that is still bullish. It recorded higher lows in both 2023 and 2024 and has shown good performance. The $94.8–$138.2 range corresponds to Bitcoin’s $16k zone.
If you bought from lower levels, it’s reasonable not to make any moves for now and continue holding your position. You can consider withdrawing your initial capital and exiting below $302.4 if a weekly candle closes there.
Personally, I’m not entering this coin right now, but the $689.5 trigger on the weekly timeframe is a key level. After breaking this, BCH is likely to enter the overbought zone with higher volume. Therefore, taking risks and buying at $302.4 or $424.2 could be logical.
📈 Daily Timeframe
On the daily timeframe, after breaking through the daily resistance box at $369.8, which gradually lowered its resistance, BCH started its upward move and was rejected at $623.4, leading to the key support level of $432.0.
This support is very important as it can change the corrective momentum and enable BCH to test the highs again. If it breaks, BCH could drop to $369.8.
During the uptrend and box breakout, volume increased, which is a good sign. However, volume decreased during the decline, which is also positive. Still, today’s daily candle shows significant volume with an upper shadow, increasing the likelihood of further downside.
⏱ 4-Hour Timeframe
On the 4-hour timeframe, we see that volume is at its lowest, and trading activity is minimal. If you’re trading, open positions with lower risk.
At the $622.1 level, a fake breakout occurred. This is a trader-trapping strategy where, after faking a support or resistance, we look for the first breakout trigger on lower timeframes and open a risky position, as fake breakouts can sometimes reverse trends.
📈 Long Position Trigger
since BCH is at a relatively higher level than most altcoins, we can open one after breaking $453.6, but with a small stop-loss and quick profit-taking.
📉 Short Position Trigger
BCH is at critical support, and after breaking $431.2, there’s no significant support until $383.3, making it possible to open a short position. Just remember that market volume is very low, so trade with reduced risk and exit promptly when necessary. I’ll indicate whether to use a larger stop-loss like last month’s uptrend or not when it’s required.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Whether the bottom section will be formed is the key
Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
Happy New Year.
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(USDT 1D chart)
USDT appears to have turned into a gap downtrend.
If it does not rise quickly, the coin market is expected to show a sharp decline.
(USDC 1D chart)
Fortunately, USDC is maintaining a gap uptrend, so there seems to be a possibility of price defense to some extent.
However, since USDC has a lower influence on the coin market than USDT, if USDT maintains a gap downtrend, the coin market is expected to eventually show a decline.
What we need to do is check the stop loss point of the coin (token) we currently hold rather than increasing new transactions and think about how much we should cut loss.
(BTCUSDT 1D chart)
The point to watch is whether the movement of BTC is as updated last time.
If the HA-Low indicator is created, it means that the current wave is finished and a new wave is starting, so whether there is support is an important key.
There is a possibility that the HA-Low indicator will fall after being created and show a stepwise downtrend, but the fact that the HA-Low indicator was created means that it is ultimately forming a bottom section, so it is a time to buy.
-
Thank you for reading to the end.
I hope you have a successful transaction.
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- Big picture
I used TradingView's INDEX chart to check the entire section of BTC.
(BTCUSD 12M chart)
Looking at the big picture, it seems to have been following a pattern since 2015.
In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market.
Accordingly, the bull market is expected to continue until 2025.
-
(LOG chart)
Looking at the LOG chart, we can see that the increase is decreasing.
Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective.
Therefore, we do not expect to see prices below 44K-48K in the future.
-
The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015.
That is, the Fibonacci ratio of the first wave of the uptrend.
The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019.
Therefore, this Fibonacci ratio is expected to be used until 2026.
-
No matter what anyone says, the chart has already been created and is already moving.
It is up to you how to view and respond to it.
Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized.
However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role.
The reason is that the user must directly select the important selection points required to create the Fibonacci.
Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies.
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
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Update new gold price weekly: Holding strong above $2,620.Brian greets everyone!
After recording losses for two consecutive days, gold has found support near $2,600 and managed to recover early Tuesday. With investors refraining from taking large positions ahead of the New Year holiday, XAU/USD is holding onto its daily gains at around $2,620.
Regarding gold price volatility, speculators might be in for another successful year if global geopolitical tensions escalate under Trump’s administration, potentially driving investors toward this time-tested safe haven.
Additionally, Daan Struyven, a commodity strategist at Goldman Sachs, stated, "We expect gold prices to rise to $3,000 per ounce due to increased demand from central banks and a gradual, cyclical rise in ETF holdings, driven by the Fed's rate cuts."
Bearish drop off pullback resistance?GBP/AUD is rising towards the pivot which acts as a pullback resistance and could reverse to the overlap support that lines up with the 78.6% Fibonacci retracement.
Pivot: 2.0273
1st Support: 2.00612
1st Resistance: 2.03910
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.
Bullish bounce off overlap support?EUR/JPY is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 162.11
1st Support: 160.33
1st Resistance: 164.78
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.
Short-Term Long Opportunity on EUR/USD with Favorable Risk/RewarThe EUR/USD pair offers a good short-term long opportunity with a solid risk-to-reward ratio.
Risk Management:
Always use a Stop Loss below the support zone.
Never risk more than 1-2% of your total capital.
Limit exposure to 20% of your total capital in active trades.
Good luck and Happy New Year 2025!
Bullish bounce?EUR/AUD is falling towards the pivot and could rise to the 1st resistance.
Pivot: 1.66281
1st Support: 1.6560
1st Resistance: 1.67917
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.
Gold Price Action Analysis: Key Levels and Trade SetupsFXOPEN:XAUUSD Gold Price Action Analysis: Key Levels and Trade Setups
Analysis:
Price Action Strategy:
Support and Resistance Levels:
Key support levels: 2,536.664, 2,582.264, 2,601.810
Key resistance levels: 2,642.252, 2,670.000, 2,721.410
Fibonacci Retracement Levels:
0.382 at 2659.51836
0.5 at 2640.4
0.618 at 2621.28164
0.705 at 2607.1859
0.786 at 2594.06228
Volume Profile:
High volume node around 2,642.252 indicating strong resistance.
Low volume node around 2,601.810 indicating potential support.
Smart Money Concepts (SMC):
Break of Structure (BOS):
BOS observed around 2,536.664 indicating a potential bullish reversal.
Change of Character (ChOCH):
ChOCH observed around 2,601.810 indicating a shift in market sentiment.
ICT Strategy:
Order Blocks:
Bullish order block around 2,536.664
Bearish order block around 2,642.252
Fair Value Gaps:
Fair value gap observed between 2,601.810 and 2,621.348
Indicators:
Relative Strength Index (RSI):
RSI is around 51.36, indicating a neutral market condition.
Moving Average Convergence Divergence (MACD):
MACD is slightly bearish with a histogram value of -0.061.
VIP Signal:
Buy Signal:
entry: 2601.810
tp1: 2642.252
tp2: 2670.000
sl: 2582.264
Sell Signal:
entry: 2642.252
tp1: 2601.810
tp2: 2582.264
sl: 2670.000
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always do your own research before making any trading decisions.
I hope this analysis helps with your trading decisions! If you have more charts to analyze or need further insights, feel free to share.
Follow @Alexgoldhunter for more strategic ideas and minds
Analysis Gold (XAU/USD) – Potential Short Opportunity
The chart indicates a potential selling zone highlighted in blue, where price recently rejected. A bearish move is anticipated towards the marked demand zone (pink).
Entry Point:
Look for confirmation near the upper resistance zone (~$2,623).
Targets:
1. Take Profit 1: $2,610.19
2. Take Profit 2: $2,600.67
Analysis:
The market structure suggests a pullback after rejecting the resistance, aiming for lower support levels. Monitor price action and candlestick confirmations for entry.
RIOT correction over or another low?My previous target under $10 never hit so still speculative of if the correction is over. My primary count has the correction over and C was not as long as I'd expected. My alt count has C just starting with a flat for W-B. It really just depends on if Dec 5th - 10th was 3 waves or 5 waves with a pretty short wave 4.
Either looking at the 12.1 - gap close around 11.8 or down to under 10, will depend on the structure as it comes down. Just not planning on catching a falling knife if a W-3 of C starts! Open to either, but end plan still the same!
EURUSD Entry PointsAccording to the previous analysis, based on the weekly analysis, we can see that I am bearish biased on this currency before we have a massive bull run.
Based on the 4H timeframe, we can wait for the price to retract up a bit, take some liquidity sweeps at the REHs ~Relative Equal Highs~ (touch the -OB ~ Order Block~) and have our sniper sell entry at 1.047 with the Stop loss at 1.050. Incase the price does not retract there, we can have our second entry at 1.037 and SL at 1.045.
Let us wait and see what this pair will offer coming next week.
#CORE/USDT / Ready to go up#CORE
The price is moving in a descending channel on the 4-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.7800
We have a downtrend, the RSI indicator is about to break, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.9632
First target 1.05
Second target 1.13
Third target 1.25
Gold Price Update: What’s Next for 2025?Hello traders, let’s dive into today’s gold market together!
Currently, gold is trading around $2,606 USD, down by over $10.7 USD compared to early yesterday.
Gold prices have slightly declined at the start of the week as investors await key U.S. economic data in the coming week and assess the potential impact of President-elect Donald Trump’s return to power on the Federal Reserve’s outlook for 2025.
Although this decline is short-term, the broader market sentiment remains optimistic about gold’s performance in 2025. Factors that supported gold throughout 2024—such as consistent central bank purchases aiming to diversify reserves and continuous interest rate cuts by the U.S.—are expected to remain key catalysts driving gold’s upward momentum in the year ahead.
What about you? Are you betting on gold’s rise in the new year?