Upside Case: If BTC fails to hold current support, dips into the low $90K – high $80K range, and clears out sell-side liquidity, it could trigger an extended upside move - potentially resembling the January 2021 breakout and finishing with a parabolic 2017 style blow-off top.
? Market Overview: Trend: Short-term bearish; long-term consolidation after an uptrend. Key Levels: Resistance: $230.46 (EMA 200), $232.50. Support: $225.50 (EMA 9), $223.00. Indicators: MACD: Weak bullish crossover, but still below zero—momentum is not strong. RSI: 56.46, showing slight bullish divergence. Supertrend: Bearish zone, confirming downward momentum. ? Scalping Strategy: ? 1. Breakout Scalping Buy near: $226.50, targeting $229.00. Sell near: $230.00, targeting $225.00. Stop-loss: Below $224.50. ? 2. EMA Pullback Scalping Buy near: $225.50 (EMA 9), targeting $228.50. Sell near: $230.50 (EMA 200), targeting $227.00. Stop-loss: Below $224.00. ? 3. Range Scalping If price stays between $225.50 and $230.00, trade bounces off support/resistance. ? Mid-Term Trend Forecast (1-3 Weeks): If $230.50 breaks, expect a run toward $235+. If $225.50 fails, expect a drop to $220. Sideways movement likely unless a strong breakout occurs. ? News & Market Context: No major earnings or macro events—price action is technical. Overall market sentiment remains neutral-to-bearish. ? Decision: ? Short-term: Scalping opportunities exist in the $225–$230 range. ? Mid-term: Watch for a breakout confirmation. ? Ideal Play: Trade within the range; wait for strong confirmation for a swing move. ? Final Verdict: Discipline wins the game. Weak traders chase, strong traders position. If the price confirms direction, enter with confidence—otherwise, patience is power. ? LucanInvestor’s : "Markets don’t reward hesitation. Make your move or step aside—there is no middle ground."
2-19-25 S&P Weekly chart Jan 13 week, trap reversal. Two strong bars and pullback needs a 2nd leg up, in progress. Bears have NOTHING to sell. Bears had a chance with the Feb 3rd week, gapping down, but still closing bullish. Bulls will buy everything and pushing hard for targets above. Still, price seems labored and days see bulls taking quick profits.
Here is an idea with the price action of BTC > ETH > LTC during the last cycle as it relates to out recent cases on BTC.
? Market Overview (Apple - AAPL) Trend: Apple is in a recovery phase after a significant correction, currently consolidating near resistance. Key Levels: Resistance: $244.74 (EMA 9), $247.00 (Local High) Support: $242.30 (Supertrend Support), $237.04 (200 EMA) Indicators: EMA 9: $244.74 (Short-term trend indicator) EMA 200: $237.04 (Strong support) MACD: Bullish momentum but flattening. RSI: 58.46, nearing overbought levels. ? Scalping Strategy ? 1. Range Scalping (Preferred Strategy) Buy near: $242-$243, targeting $247. Sell near: $247-$248, targeting $243. Stop-loss: Below $241. ? 2. Breakout Scalping (If $248 Breaks) Buy above: $248, targeting $250-$252. Stop-loss: Below $246. ? 3. Momentum Scalping (For Quick Trades) Short near: $247-$248, targeting $243. Buy near: $242-$243, targeting $247. ? Mid-Term Trend Forecast (1-3 Weeks) AAPL needs to break $247-$248 to continue the bullish momentum. A rejection at $247 could send the price back toward $242. MACD momentum is slowing, signaling potential consolidation. ? News & Market Context Apple remains a leader in the market, with strong institutional backing. Tech sector strength supports the current uptrend, but broader market conditions remain uncertain. Earnings and macroeconomic data will be key drivers. ? Decision: ? Short-term: Range trade between $242-$247, favoring long positions near support. ? Mid-term: Needs a breakout above $248 to confirm further upside. ? Ideal Play: Scalp longs near $242, short rejections near $247-$248. ? Final Verdict: AAPL is at a key resistance zone. A breakout could fuel further upside, while rejection may lead to a pullback. ? LucanInvestor's Quote: "The best trades happen at the extremes—react accordingly." ?
AIXBT/USDT 1H: Hidden Bullish Divergence – Potential Reversal at $0.1850? ? Follow me on TradingView if you respect our charts! ? Daily updates! Current Market Structure: Price at $0.1776 is exhibiting a bearish distribution pattern with lower highs. Clear resistance is observed at $0.1850. Market Maker Activity: Accumulation is evident in the $0.1700-0.1750 zone, suggesting that institutional players are positioning for a reversal. Smart Money appears to be building positions at these levels. Technical Indicators: Hidden bullish divergence is present on RSI at 46.36 relative to price action, signaling potential for a reversal despite the bearish setup. Trade Setup (Confidence 8/10): Long Entry: At $0.1776. Targets: T1: $0.1850 T2: $0.1950 Stop Loss: Place at $0.1700 (below key support). Risk Score: 7/10 – Favorable risk-to-reward, with clear entry, target, and stop levels. Key Levels: Support: $0.1700, $0.1650 Resistance: $0.1850, $0.2000 Recommendation: Recommend a cautious long position given the accumulation signals and hidden bullish divergence. Maintain tight stops below $0.1700 to manage risk effectively. Monitor price action near $0.1850 for further confirmation of upward momentum. ? Follow me on TradingView if you respect our charts! ? Daily updates!
Bumble has a yearly gross profit of 693M. Last year they repurchased 310M worth of stock. Bumble at 5.64/share means it's entire market cap would be 610M or 80M less than one year's worth of profit. I don't understand how anyone could sell BMBL this low. So while I'm not in love with BMBL's revenue growth, it's pretty clear this stock is significantly undervalued. 5.35 would be my buy target on support. I'm interested to hear anyone else's take. Good luck!
Price action moved with good momentum and maintained volume for the trading day. The original call is good to go: https://www.tradingview.com/chart/SOXL/ztDxzjYW-DCA-Play-SOXL-Good-R-R/ T2 @ $32.70 to gap fill if momentum is persists (poor spelling when analyzing at 3am - but you get the gist) I expect a minor pull back before gap fill; depending on price action, may or may not add to position. A gap up would be signal to close all profits, with a +10% PnL. gg
SOL/USDT 1H: Bearish Setup with Potential Reversal – Long Entry on Support? ? Follow me on TradingView if you respect our charts! ? Daily updates! Current Market Structure: Price is at $167.29 in a bearish trend characterized by lower highs and lower lows with a clear distribution pattern. Market Maker Activity: Major resistance observed at $172.50 and support at $165.00. Market makers appear to be accumulating at support, hinting at a potential reversal. Technical Indicators: Hidden bearish divergence on RSI at 43.98 versus price action supports the current distribution. Volume profile suggests accumulation near support levels. Trade Setup (Confidence 8/10): Entry: Target the $167.50 - $168.00 range (wait for confirmation of a bounce at $165 support before entering). Targets: T1: $172.50 T2: $175.00 Stop Loss: Set at $164.50 (below recent support). Risk Score: 7/10 – Favorable risk-to-reward ratio, though position sizing should remain modest given current Recommendation: Long positions are recommended on a confirmed bounce at support. Monitor volume closely for signs of sustained buying pressure, and maintain tight stops. ? Follow me on TradingView if you respect our charts! ? Daily updates!
I have outlined my bearish case for AUD/JPY for the year in prior articles and videos, but today I want to look at a potential countertrend setup. A bull flag is forming on the daily chart. Usually I'd prefer to see such patterns during a strong uptrend as a continuation pattern. But given we saw a false break of an elongated bullish pinbar and sharp reversal higher, I suspect there is at least one more leg higher brewing for AUD/JPY. And because this is counter trend to my core bearish bias, I am not seeking the usual flag projection target, and instead will be happy with a more conservative reward if successful. Prices are holding above the 10-day ERMA and weekly pivot point, but bulls could also seek dips towards the high-volume node (HVN) at 95.11 or around the 98 handle. Bulls could target the 97 handle, with a break above 97.20 brining the weekly R1 into focus just below 98. Matt Simpson, Market Analyst at City Index and Forex.com