Waiting for years for this moment , all in, is is clear enough?
4 HR Analysis - Potential reversal 1. MBS previous High 2. Retracement into FIB & FVG 3. FVG (imbalance candle) (Grey box) 4. FIB (100,72,0) Bias: Retrace to reverse to go long. This is my idea, in a buy limit position. Not a financial advisor.
QQQ is testing a critical resistance level near $510, trading within a rising wedge pattern that suggests potential for both breakout and pullback scenarios. This analysis delves into key levels, technical indicators, and trade setups to navigate QQQ's next move. Market Structure & Price Action: * Recent Trend: QQQ has rebounded from the $494 support zone and is now retesting the upper resistance at $510. * Liquidity Zones: * Strong buyer activity near $501–$503. * Sellers are concentrated at $510–$511, marking the top of the current range. * Volume Profile: Volume has picked up during the upward push, but the absence of a clear breakout signal suggests caution. Key Levels: 1. Resistance Zones: * $510–$511: Immediate resistance and potential breakout zone. * $515: Next target upon a successful breakout. 2. Support Zones: * $503: Immediate support within the range. * $494: Strong demand zone, acting as a floor for recent pullbacks. Indicators: * MACD (1-hour): Bullish momentum with a crossover, though the histogram is flattening, suggesting a slowdown. * Volume: Watch for a volume spike at $510 to confirm a breakout or rejection. Trade Ideas: 1. Scalping Setup: * Entry (Long): Above $511 with confirmation of a breakout (volume surge and strong bullish candles). * Target: $513–$515. * Stop-Loss: Below $509. * Short Setup: If rejected at $510, short below $509 targeting $503, with a stop above $511. 2. Swing Trading Setup: * Bullish Case: * Entry: On a breakout above $511. * Target 1: $515. * Target 2: $520. * Stop-Loss: Below $509. * Bearish Case: * Entry: Short below $503. * Target 1: $498. * Target 2: $494. * Stop-Loss: Above $505. Thoughts & Outlook: QQQ is at a pivotal point, with $510 acting as a make-or-break level. A breakout above $511 could lead to significant bullish momentum, targeting $515 or higher. Conversely, rejection at $510 would suggest a move back to $503 or lower, offering opportunities for both scalpers and swing traders. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Please conduct your own research and trade responsibly. Trading involves risk.
My thoughts on XRP USDT I will withdraw my initial capital but I will keep my profits in XRP. I've joined the Ascent half the route, Congrats to believer who bought the bottom
As anticipated in my earlier analysis, Bitcoin (BTC) continues its powerful bullish trajectory, and now, the weekly chart has officially confirmed this move! ? Key Insights from the Chart: Breakout Above Long-Term Trendline: BTC has successfully broken above the long-term resistance trendline, a significant indicator of a continued bullish momentum. This breakout confirms a shift in market sentiment, pushing BTC into a fresh phase of price discovery. Retest of Trendline: After the breakout, BTC performed a textbook retest of the trendline on the weekly timeframe, validating the breakout as legitimate. This retest further solidifies the foundation for the next leg up. Approaching Historic Milestone – $100K! BTC is now approaching the psychological and historical $100,000 level for the first time ever. Breaking this level will not only mark a new all-time high but will also likely attract significant institutional interest, sparking FOMO (Fear of Missing Out) among retail traders. What to Expect Next? Continuation of Bullish Momentum: The recent breakout and retest suggest that BTC has strong momentum and could surpass the $100K mark in the coming weeks. Based on historical patterns and the current trajectory, we may see even higher levels as BTC enters uncharted price territory. Upside Targets Beyond $100K: Once $100K is cleared, Fibonacci extensions and historical fractals suggest potential targets of $110K-$120K in the medium term. Conclusion: This confirmed breakout and retest on the weekly timeframe are highly bullish signals. With the $100K level within reach, BTC is poised to make history once again. ? What are your thoughts on BTC’s next move? Will it smash through $100K soon? Share your insights in the comment section!
Technical Analysis Monthly Chart: On the monthly chart, GBP/USD appears overextended to the downside, showing signs of exhaustion in its bearish momentum. This overextension suggests that a reversal or correction is likely, aligning with broader dollar weakness. Weekly Chart: The weekly chart also indicates a slowdown in bearish pressure, with candles forming near key support zones. Buyers seem to be stepping in, reinforcing the potential for a trend shift. Daily Chart: The daily timeframe shows a strong bullish reversal pattern, signaling a potential trend change to the upside. This reversal is supported by the weakening DXY, which aligns with GBP/USD's upward momentum. The combination of a technical reversal and a fundamentally weaker dollar positions GBP/USD for further gains in the short to medium term. Fundamental Analysis Impact of the U.S. Dollar: The bearish outlook for the DXY directly supports GBP/USD’s potential for upside: Liquidity Grab in DXY: The recent liquidity grab above 107.348 on the DXY suggests a move lower for the dollar, which would bolster GBP/USD strength. Federal Reserve Outlook: Concerns over further rate cuts due to inflation risks are keeping the dollar volatile. Seasonal labor market strength in November and December may delay immediate rate cuts, but any signs of weakening unemployment or inflation stabilization could lead to long-term dollar weakness. Upcoming Catalysts: Key U.S. data releases such as Nonfarm Payrolls (NFP) and unemployment rates could create significant volatility. If unemployment increases and inflation stabilizes, GBP/USD could see stronger upward moves. GBP Fundamentals: UK Economic Resilience: Any positive data from the UK economy, such as improved GDP growth or strong employment figures, could further fuel GBP/USD's upward trend. Rate Differentials: If the Bank of England maintains or raises interest rates while the Federal Reserve signals potential cuts, GBP/USD could gain additional support. Summary and Outlook Technical and Fundamental Alignment: GBP/USD is well-positioned for a bullish move, supported by: A technical reversal pattern on the daily chart, signaling strong upward momentum. A bearish outlook for the DXY, indicating broader dollar weakness. Key upcoming U.S. data releases that may provide further catalysts for a GBP/USD rally. Price Expectations: Short-Term: GBP/USD could continue its bullish push, breaking above immediate resistance levels. Medium-to-Long-Term: With continued DXY weakness and supportive UK fundamentals, GBP/USD may sustain its upward trajectory toward major resistance zones. GBP/USD’s technical and fundamental alignment makes this pair a strong candidate for further upside potential in the coming weeks. Traders should watch for confirmation from U.S. economic data to reinforce this analysis.
This chart shows the 1h timeframe. Buyers have taken control over sellers, printing demand zones. Our plan is to buy aggressively from these zones, while being mindful of possible short setups targeting demand.
I will temporarily sell my MSTR calls or buy puts to hedge my long term calls on MSTR in December when the price of Bitcoin hits $108,000. However, according to past behavior Bitcoin could temporarily overshoot the long-term resistance and hit $110,000 psychological resistance level or even hit as high as $115,000 before pulling back.
Good morning, crypto bro's! ? ? Fear & Greed Index: 80 (Extreme Greed). ? Stoch RSI: Still oversold (25). ? Analysis: Current Action: Bitcoin hasn't corrected to $93K yet. Short-term Possibility: Small chance for an instant pump to $101K. Larger Probability: Correction to $93K– GETTEX:92K remains the primary outlook. ? As always, stay safe, don’t let FOMO take over, and keep managing your risks. I'm Akki, one chart at a time. Have a great day and stay SAFU!
I talked to @Crypto_girl028 and this is her post. I think she is right and I feel this is how NYSE:TEL will go to the moon!! DYOR!! NFA (not financial advise)