Hello traders, This Thursday, Bitcoin's price experienced significant fluctuations, dropping from $102,000 to $97,000, a decline of $5,000 overnight. If we consider the high point from last weekend, the "tulip bloom," to the current "withered" state, it has fallen a total of $11,000 within a week. As a reminder, the second half of December is the period of tightest liquidity in the U.S. Everything is sellable! Therefore, when Federal Reserve Chairman Powell clearly stated, "We are not allowed to own Bitcoin," it can at least be confirmed that the rumors of the Fed holding Bitcoin have been dispelled, and the U.S. government's plans to accumulate Bitcoin are nearly impossible. This means that Bitcoin's price has finally returned to "normal," reflecting the trend of tightening liquidity. On Thursday, there are several important data points to pay attention to: 1. U.S. Dollar Index: 108.3 2. 10-Year Treasury Yield: 4.57% 3. 30-Year Treasury Yield: 4.74% These figures indicate that inflation expectations are rising. In particular, the 30-year Treasury yield is just about 10 basis points away from this year's high of 4.81%, and less than 40 basis points from the 2017 peak of 5.11%. Over the past two weeks, the 30-year Treasury yield has risen by 40 basis points. What is the current market consensus? The small red circle suggests shorting U.S. Treasuries and going long on the dollar. Today is Friday, a special day, as it marks the largest and most important options expiration date (OPEX) of 2024. Given the maximum OPEX, the impending government shutdown, and the tightening liquidity, the market may experience significant volatility!!!!!! Major attention is needed during this time, particularly during U.S. market hours (9:00 PM Beijing time to early Saturday morning). Wednesday's internal tips: On the 4-hour chart, crude oil has retraced below the EMA and the first resistance level, which diverges from the daily chart (where the candlestick is above the EMA) and the weekly chart (which has broken through the bottom resistance line), creating a selection issue for the market. **Idea One:** You can choose to enter new long positions after the 4-hour chart returns above the EMA. **Idea Two:** You can also consider a larger risk-reward ratio, entering the market opportunistically while the 4-hour chart is below the EMA, but the daily and weekly charts remain bullish. For existing long positions that have not hit the stop loss, it is recommended to hold on, based on the second idea mentioned above. TP1: 71.5 TP2: 72.0 TP3: 72.70 On Wednesday, during U.S. market hours, crude oil faced resistance at the first resistance level; On Thursday, during U.S. market hours, crude oil was blocked by the 4-hour EMA. At this point, the long crude oil trades hit their stop loss, and positions were closed, requiring a reevaluation of the trading strategy. Since Wednesday, under the pressure of the Fed's hawkish interest rate cuts, the demand outlook for crude oil has become increasingly bleak. Moreover, the market's further slowdown in easing expectations poses severe challenges for oil prices. Currently, the market generally believes that there will be a significant oversupply of global oil next year. In this market expectation, a rise in oil prices has become almost impossible. Market sentiment is low, and investors are generally cautious about the oil market. In the coming months, oil prices are likely to remain under pressure, making it difficult to regain their former glory. From a technical perspective, on the 4-hour chart, crude oil continues to struggle within a sideways range. On Friday, plan to establish new short positions. On the 1-hour chart, during European and American market hours, look for an opportunity to enter short positions on crude oil based on a 1-hour reversal signal. TP1: 67.50 TP2: 66.60 Mid-term short position take-profit level: 63.50. GOOD LUCK! LESS IS MORE!
Current Trend: The chart shows a recent downtrend, with the gold price falling from levels near $2,630 to around $2,582. Key Support and Resistance Levels: Resistance 1: $2,608 - This level has acted as resistance, where the price has tried to break unsuccessfully on several occasions. Resistance 2: $2,622 - Another higher resistance level, which could be a target if the price breaks the first resistance. Support 1: $2,587 - This is a recent support level where the price has bounced off. Support 2: $2,582 - A lower and critical support, which could be an interesting entry point if the price touches it and bounces off. Technical Indicators: Trading Strategy: Support Entry: If the price touches the support at $2,582 and shows signs of bouncing (possibly confirmed by an increase in volume or a bullish candlestick pattern), it could be a good entry point for a long position. Breakout Entry: If the price breaks above $2,608 with significant volume, it could be an indication of a bullish reversal, making it a good point to enter long. Stop Loss: Place a stop loss just below the lower support level to limit losses in case of a downside breakout. Risk Management: Risk/Reward Ratio: Make sure the potential reward is greater than the risk taken. For example, if your stop loss is at $2,570, your profit target should be above $2,610 for a 1:2 risk/reward ratio.
I have been noticing the price exhaustion of Bitcoin on the Daily price graph. If you notice the momentum to the highs are very limited compared to its recent momentum. And notice the big divergence on the RSI. On its previous correction it took only two big down candles for correction as compared to to its previous pullbacks. I have ha feeling prices needs to breath lower before it can make a big push higher so I'm betting a correction to its previous structure lows. Let me know what u think Indicators on chart are Daily 200sma bollinger band RSI with 100sma bollinger band
Hello, dear traders. Brian here! When analyzing the 4-hour chart, we can see an intriguing setup that indicates the possibility of continued bearish momentum if critical support levels fail to hold. Let’s dive deeper into the analysis. Currently, Bitcoin is trading at $97,547, reflecting a slight pullback from recent highs. The price has recently broken the ascending trendline, which had provided support for a prolonged period. This break, combined with the rejection at the Fibonacci retracement zone, signals a potential trend reversal. Traders should closely monitor the $95,713 level and the EMAs to confirm the next move. If Bitcoin continues to decline, the next major support levels are at: $95,713 (1.0 Fibonacci Extension) $93,085 (1.272 Fibonacci Extension) $89,742 (1.618 Fibonacci Extension) Wishing you all great profits in the coming days!
CAPITALCOM:SILVER @Alexgoldhunter Price Action Analysis and Strategy Key Levels and Zones Support Levels: 28.500 USD: A crucial support level where the price has found buying interest before. 28.700 USD: Another significant support level indicating strong buying pressure. Resistance Levels: 29.400 USD: A strong resistance level where the price has faced selling pressure. 30.480 USD: Another notable resistance level suggesting potential selling interest. Break of Structure (BOS): Multiple BOS annotations on the chart indicate significant shifts in market structure, highlighting potential areas of interest for traders. Fibonacci Retracement Levels: 0.382 Level: 29.108248 USD 0.5 Level: 29.222 USD 0.618 Level: 29.33552 USD 0.705 Level: 29.4162 USD 0.786 Level: 29.497704 USD Volume Analysis: Volume spikes are visible, indicating periods of high trading activity, which can be used to confirm breakouts or reversals. Buy Strategy Entry Point: Consider entering a buy position if the price breaks above the resistance level at 29.400 USD with strong volume confirmation. Alternatively, look for a bounce from the support level at 28.500 USD with a bullish candlestick pattern and increasing volume. Stop Loss: Place a stop loss below the recent swing low or support level, for example, below 28.500 USD. Take Profit: Set take profit levels at the next resistance levels, such as 30.480 USD or use Fibonacci extension levels for further targets. Sell Strategy Entry Point: Consider entering a sell position if the price breaks below the support level at 28.500 USD with strong volume confirmation. Alternatively, look for a rejection from the resistance level at 29.400 USD with a bearish candlestick pattern and increasing volume. Stop Loss: Place a stop loss above the recent swing high or resistance level, for example, above 29.400 USD. Take Profit: Set take profit levels at the next support levels, such as 28.500 USD or use Fibonacci retracement levels for further targets. Simple VIP Signal ENTRY: 28.500 USD TP1: 29.108248 USD TP2: 29.497704 USD SL: 28.500 USD Conclusion This chart shows a detailed technical analysis of Silver (XAG/USD) using price action techniques, highlighting key support and resistance levels, break of structure points, and Fibonacci retracement levels. These elements can be used to develop a buy and sell strategy based on market behavior and volume analysis. Follow @Alexgoldhunter for more strategic ideas and minds
HERITGFOOD Analysis (20th Dec 2024) The chart demonstrates a liquidity buildup, golden retracement zones, and corrective wave completion. Here’s a detailed breakdown for actionable trading. Current Structure: The price has retraced into a golden zone (467-488) and is showing signs of reversal. Buying at this level could target 614 as the first target and 685-715 as the extended range. Stop-loss is placed below 420, indicating bearish continuation if breached. Action Plan: Buying Opportunity: Consider entering near 467-488 (retracement zone), supported by wave C completion. Targets: First profit zone at 614. Trail stop-loss to 500 and aim for 685-715 for extended gains. Stop Loss: Place below 420 to avoid significant losses. Risk-Reward Ratio: Entry around 480 with targets at 614 and 715 provides a favorable risk-reward ratio of nearly 1:3. Key Educational Note: Liquidity buildup indicates institutional activity. The corrective wave completion often aligns with major turning points in price. Disclaimer: This analysis is for informational purposes. Consult with a SEBI-registered professional before trading. Support by liking and sharing!
In the past two days, SPY (S&P 500 ETF) has experienced a pronounced downturn, raising critical questions about the next directional move. Today's price action indicates a pivotal moment, with the market consolidating near a key support level at $584. The question remains: is this a pause before a bounce, or a precursor to further downside? This detailed analysis breaks down SPY's current technical setup, provides actionable trade levels, and offers insights into potential scenarios for tomorrow's session. Let’s dive into the charts and indicators to uncover opportunities. Technical Market Trend Analysis 1. Downtrend Confirmation * Price Structure: SPY has formed consistent lower highs and lower lows over the past two sessions, clearly defining a downtrend. The breach of the critical $587 support level early in today’s session amplified selling pressure. * Trendlines: A descending channel on the hourly chart below further confirms bearish control, with price respecting the upper boundary of the channel as resistance. https://www.tradingview.com/x/XjTfCYYq/ 2. Volume Dynamics * Selling Pressure: Noticeable volume spikes during the declines highlight strong participation by sellers. * Reduced Buying Interest: Rebounds were marked by lower volume, indicating a lack of commitment from buyers. Key Levels to Watch Support Levels 1. $584: The current zone where price consolidates. This is the first line of defense for bulls. 2. $580: Major gamma exposure support level (GEX7). Breaching this level could accelerate downside momentum toward $575. Resistance Levels 1. $587: Immediate resistance. A reclaim of this level would signal strength and could trigger short covering. 2. $590: Aligned with gamma resistance and psychological significance, this is the next target for a bullish breakout. https://www.tradingview.com/x/28yWOfat/ Indicators in Play EMA Analysis * The 9 EMA and 21 EMA are both sloping downward, acting as dynamic resistance levels. This reinforces the short-term bearish trend. MACD * The hourly MACD shows bearish momentum, with a widening histogram and a negative crossover. However, a slight tapering in the histogram near the end of the session hints at potential consolidation or a reversal attempt. Options Oscillator and GEX Insights * Gamma Levels: * $584: Current pivot, showing strong put positioning. * $580: Heavy put support; any break below this would likely see rapid downside. * $590: Significant call resistance; a breakout above would indicate a shift in sentiment. * Sentiment: Dominance of 102.7% puts reflects bearish sentiment in the options market. Trading Strategy Scenario 1: Bullish Reversal Setup 1. Entry: Enter long above $587 with confirmation of strong volume. 2. Target: $590 for the first target, $593 for the second. 3. Stop-Loss: Place stops at $585 to minimize risk. 4. Justification: * Reclaiming $587 would signal a potential reversal or at least a relief rally. * $590 aligns with gamma resistance, offering a logical profit target. Scenario 2: Bearish Continuation Setup 1. Entry: Short below $584 with increasing sell volume. 2. Target: $580 for the first target, $575 for the second. 3. Stop-Loss: Place stops at $585.50 to cap risk. 4. Justification: * A breakdown below $584 would confirm the continuation of the downtrend. * Heavy put support at $580 would likely provide the next pause point. Market Outlook While the short-term trend is bearish, the market is approaching a critical inflection point. Tomorrow’s session will likely determine whether SPY bounces from oversold conditions or continues its descent. Watch for high-impact news and volume trends to validate directional moves. Conclusion SPY’s price action reflects a decisive moment. Both bulls and bears have clear opportunities depending on how the key levels at $584 and $587 play out. Use disciplined risk management and wait for confirmation before entering trades. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always do your own research and trade responsibly.
PEPPERSTONE:USDX it is looking quite bullish as per price action but i feel the rising trendline will act as stiff resistance and in that case it will be good for precious metals and equity a scare and a panic has been created in my sense
? Bitcoin’s Next Chapter: ATH After This Dip? ? Bitcoin is taking a breather after the recent dip, but don’t be fooled—this could be the perfect setup for the next major run! Historically, these pullbacks have been springboards for explosive moves to new all-time highs. ? Why It’s Exciting: Healthy dip = Opportunity for strong hands to reload Key support levels holding firm = Confidence in the market BTC thrives on momentum shifts—this could be the calm before the storm All signs point to a bullish resurgence. What’s your take—are we gearing up for a new ATH? Let’s hear it! ? https://www.tradingview.com/x/MCIINlKQ/
IREDA Analysis (20th Dec 2024) The chart showcases a Bullish Flag Breakout , a golden retracement zone, and defined targets. Let’s analyze actionable insights and strategies. Current Structure: The stock has broken out from a bullish flag pattern, indicating a strong uptrend. Retracement to the green zone (191-204) is likely before continuing its rally. The first target zone is 243-248, with an extended target at 278. A stop-loss at 186 is set below the golden retracement zone. Action Plan: Buying Opportunity: Enter between 191-204 (retracement zone). This level aligns with Fibonacci retracement and prior resistance turned support. Targets: Partial profit booking near 243-248. Trail stop-loss to 220 for a move towards the extended target at 278. Stop Loss: Place below 186 to limit downside risk. Risk-Reward Ratio: Buying at 200 with targets at 243 and 278 offers a strong risk-reward of approximately 1:4. Key Educational Note: The breakout from a bullish flag pattern signifies continuation. Retracements are opportunities to enter the trend with limited risk. Disclaimer: This analysis is for educational purposes only. Always verify with a certified financial advisor. Like and share to support!