I know my chart is simple and so are the indicators. The lowest low of today might be 2587 or 2585, After that, it’s Back up to 2615 or greater. Once a full candlestick goes over the white line I’ll place a long position.
TRX has created several simultaneous buy signals here. First we have the perfect bat harmonic, then we have wisemen on multiple timeframes, in a grey zone on the 4hr, perfect double bottom breaking all lows expect the final low, short-term momentum divergences, and a solid diametric count with at least 5 of 7 waves being time similar. All of these signs are pointing to a bottom forming right now, meaning the lows should not be violated and TRX will go to all time highs from here. If we do make new lows it is probably a good idea to stop and reverse, and look for a new potential bottom. For now, all signs are pointing up, especially the longer-term count which has us beginning a supercycle this quarter.
After closely tracking this correction since December 9th, I’m thrilled to share that my buy-in target of $0.03493 has been hit with near perfection. Throughout this period, I’ve carefully planned my exits and entries, which I’ve illustrated on my charts and shared as ideas in real-time. By exiting and re-entering at key levels, I’ve been able to: Protect my capital during the downturn. Make some gains on the December 11th bounce. Accumulate an additional 1.9 million Gala tokens on this re-entry – all without leverage. At the onset, it’s always challenging to identify the exact type of correction we’re in. However, as the pattern unfolded, it became apparent that this was likely a Wave 2 correction, with price retracing to the 0.618 Fibonacci level. Historically, 70% of Wave 2 corrections retrace between 0.382 and 0.786, with only 15% going beyond that. While there’s a possibility of further downside – especially as I remain short-term bearish on Bitcoin, which could drag alts lower – my priority is to secure a good price rather than aim for the absolute bottom. Support Levels Should the price dip further, key supports are: 200-day EMA: $0.03070 Weekly Support: $0.02959 0.786 Fibonacci Level: $0.02760 That said, I’m happy with my re-entry at this level and prepared to manage any downside. Wave 3: The Opportunity Wave 3 follows Wave 2 and is typically the most impulsive and exciting phase. Missing it while chasing a marginally lower entry is not a risk I want to take. Whether we’ve already completed the ABC correction or are in its final stages, I’m confident we’re transitioning towards something significant. The next few days and weeks will be pivotal, and I’m excited to see how Gala performs from here. Let’s see where this journey takes us! ?
This video explains how you can prepare yourself for the market to change direction ; and to also prepare yourself for any continuations.
Bitcoin recovers from market drops, but success depends on having enough capital and a solid trading strategy to navigate the volatility. Choose your trading zones carefully based on technical analysis.
All details are provided in the chart Disclaimer - not a call to action, just sharing my vision and idea. As of the date of publishing i don't own any stock.
the own news is not important....so the pepole`s reaction to the news is very important. context is important also with candle stick pattern. who has the profit now with usdcad? Buyers. so go with them
Good Evening and I hope you are well. tl;dr dax futures - Neutral. Bears confirmed the sell-off and bears are hoping for a second leg down. I lean to closing tomorrow near 20000 instead of a big second leg down tomorrow but I am open to surprises. Anything above 20150 would surprise me. comment : Bear confirmation and I got 2 measured move targets between 19750 and 19800. Can we get there tomorrow? Possible but not likely I think. We saw decent buying above 19900 and I think it’s more reasonable to expect a close of the week around 19950 - 20000. If bear gap from 20100 - 20200 stay open for the whole 100 points, it would show great bear strength and we could expect a bigger second leg down. Base case for me tomorrow is chop from hell. current market cycle: trading range key levels: 19800 - 20200 bull case: Bulls tried multiple times and market still closed the US session at the lows. Best bulls can hope for tomorrow is to prevent the second leg down and stay above 19900. Invalidation is below 19900. bear case: Follow-through selling by the bears which is nice. For now I think it’s more reasonable for bears to take profits going into quad witching and that’s probably why we saw a bigger trading range today. Look at the 1h 20ema and if it continues to be resistance. Invalidation is above 20200. short term: Neutral around 20000 and very bearish below 19900. I expect this week to close a bit below 20000 and anything below 19900 would surprise me. medium-long term - Update from 2024-12-15: Will write a new outlook for 2025 next week. current swing trade: None trade of the day: Chop chop. Best trade was probably selling the double top bar 54 (prev high was bar 35).
Sice the Bit didnot creat a strong pattern in weekly,so I think it's a kind of pull back to $90 then move to $107.
Good Evening and I hope you are well. tl;dr gold - Bearish. I doubt we can close the week below 2560 but we now have a giant bear gap between 2615 - 2652. No interested in selling this tomorrow but if we close the week below 2600, the bull trend is gone for good. comment : No matter what you think China is doing with Gold, this market is going down. We are 200 points below the ath and the bull trend is most likely over. If we close this week below 2630, it would be the second close below the weekly 20ema since January. current market cycle: trading range key levels: 2590 - 2640 bull case : Bulls are in pain. Every rip is sold hard and we have a clear bear channel. Hard to come up with arguments for the bulls right now. Best they can hope for is to stay above 2600 but this market is as weak as it gets since last week. Invalidation is below 2595. bear case: 2566 is their main target and I am not confident they can get it tomorrow. I expect more chop near 2600 over the next 2 weeks but for Q1 I have wet dreams about 2400. If you want to trade this, look for shorts near the 3h or 4h 20ema and longs only if 2600 continues to be bigger support. Invalidation is above 2642. short term: Neutral. I don’t expect this to go into the weekend far from 2600 but for next 2 weeks I have 2 measured move targets below 2570. medium-long term - Update from 2024-12-19: No bigger opinion on this for the rest of 2024. Market is in balance until we see a new impulse. Likely close around 2600. current swing trade: None trade of the day: selling near the 4h 20ema or bear trend line.