BTCUSDT CORRECTION OR REVERSAL? Hello, colleagues! So, what we have in the middle of the trading week: Since the last review Bitcoin managed to rewrite its high once again and reached above 108K on the Bitstamp exchange. Also yesterday was the Fed meeting, the decision of which was to lower the rate by another 25 basis points and followed by the traditional J. Powell conference, during and after which the shedding started in many markets. #BTC As for bitcoin specifically, the correction was asked for a long time ago and the asset corrected only by 9% from its high and this decline cannot be called unexpected. At the moment, BTC continues to stay in the trend and there is still room for the correction to continue at least to the upward support at $97-98K and we can't exclude the stabbing even lower, to the trading boundary at 94K. But, in general, from these values I expect a buyback and continuation of growth. I expect such another near-term decline, mentioned above, within the framework of working out of the candlestick formation Absorption on 1D. For the first time in a long time the asset showed a strong bearish candle and just covered the gap for the last weekend on the CME exchange. In any case, a correction is necessary for any healthy market, whether bullish or bearish. If we compare each post-halving cycle on the logarithmic chart of the 1Mes TF, we can see that the asset has continued to rise for at least another year. Therefore, there is every chance to continue rising until at least Spring 2025, or even Q4.
MSTR - Stock moving down with bitcoin testing key support at $320 which is 50 EMA. if fails here looking for puts. Stock has trendline support at $300 and then gap fill from $297 and $280. possible it can go there but watching on each level.
Technically: EURCHF Printing bearish divergence EURCHF Break its last higher Low when it retrace we will take entry
Hey traders and investors! The correction in crypto assets continues. You can look for selling opportunities (for example, in futures) on these assets, as both the daily and hourly timeframes favor the sellers. Stop-losses are a must! If buyers on these assets (OPUSDT, ARBUSDT, DOTUSDT) buy up the daily bar from December 19, the priority will shift to purchases. I wish you profitable trades. https://www.tradingview.com/x/RlPOJKme/ https://www.tradingview.com/x/qtpvj70J/ https://www.tradingview.com/x/LyncQ7PM/ https://www.tradingview.com/x/wIALpphx/ https://www.tradingview.com/x/W06u3vRm/ https://www.tradingview.com/x/GzVGuUaQ/
Accumulate with a Stop Loss of 109 for TGT 1 - 209, TGT 2 - 266 & TGT 3 - 364. Showing RSI Bullish Divergence & Base formation on Weekly Chart. I am not SEBI Registered, just an educational view.
DDOG - Stock seeing head and shoulders break down pattern on daily time frame. Stock has 2 gaps to fill to the downside from $146 to $143 and $142 to $135. Stock on watch for puts buying opportunity here. $135 and $130 look a good price target below $145
GBPAUD Bullish Trade Idea The price fell from the 2.02834 zone and hit back the 2.00381 zone, just respecting the recent support level. Now the important question is: does the price just test back and wait for the confirmation candle over this zone to reach the next level? In H4, the bear pressure will increase over time, and the volume increased with sentiments also showing that more volume on the buy side. and the major zone will be tested. Key level: if the market breaks the support, then we must see at the 1.99567 zone, but on the other side, the Pound index is strong enough. When the market breaks the 2.00820 level, put buy trade. Buying zone: 2.00381 - 2.0082 Stop loss: 1.99778 Take Profit Level: 2.0158-2.02763
ETHUSD double top ETHUSD has nicely drawn a double top with a target at $3,000 where I will reopen positions closed at $3,800
XAU/USD is showing signs of exhaustion near resistance, suggesting a potential pullback could be on the horizon. Traders should keep an eye on key levels for confirmation, as the price could retest lower support zones. A retracement here might offer fresh buying opportunities if the overall uptrend remains intact. Stay alert for breakout or reversal signals to plan your next move effectively!
Here is a perfect example of Pushing Up through Supply. As shown, when up-trending markets experience the phenomenon created by Market Makers in which supply us introduced to the market. (Notice the Pivot Highs at 1.41942 and 1.41968 which are 4 pips apart) These levels of supply are known by the market makers and are used to lock in bullish traders. As the market moves against the locked in traders we notice Ultra High Volume (UHV) shows up. As we analyze the volume it suggests professional supply has entered the market and is confirmed by the following Wide Spread and Excessively UHV. This confirms the intention of the professionals to lock in bullish traders and create an over head supply zone. The following price movement has UHV as well but less than the previous bar and it also closes bullish but inside the larger UHV bar. Peculiar for a market that is doomed to fall to the abyss don't you think? Looking back to the previous 40 price bars we notice price held support above the level of the previous pivot low at 1.40926. The supply diminishes from this point as price creates a Lower High (LH) then a Higher Low (HL). We also notice the spread bodies of the bars leading to the pivot low at 1.41304 are smaller than any other downward push since the consolidation period on the 10th of December. This implies supply has diminished until we come back in contact with the supply created by the Market Makers. The UHV suggests supply is present. However, the next bar shows demand is also present and supply has suddenly diminished at the resistance as well. Prices then proceed to "Push up Through Supply" volume diminishes and prices rise through the supply which is termed and "ease of movement". This is an aggressive BUY SIGNAL which implies prices will not come back to retest the previous area of resistance turned support known as the backup to the edge of the creek. You have to be aggressive at these moments because prices will not return to the retest the structure as the handling maneuver is completed a as it leaves the re-accumulation area.