Hello, Traders! After reaching a new ATH last month, PEPE price has dropped by over 40% and continues to decline. This significant pullback might present a good buying opportunity for those who missed the train during the previous pump. Currently, PEPE is trading around $0.000016 and could drop even lower if Bitcoin continues its downward trajectory. The token is hovering in a key support area, and a failure to hold these levels could lead to a further decline towards $0.000014. This would mark a 50% retracement from its recent ATH, potentially shaking out weak hands before the next move. It’s important to note that PEPE, like all other altcoins, is heavily influenced by Bitcoin performance. Without BTC recovery or stabilization, a strong uptrend in PEPE is unlikely to materialize in the near term. For now, the best approach in mid term might be employing DCA strategy. This allows for accumulating positions at lower prices while mitigating the risks associated with trying to time the market. However, as always, managing risk is crucial in such volatile environments. A confirmed bounce could offer a solid entry point for traders, while a breakdown would warrant caution and potentially wait for lower levels before re-entering. Please don’t forget to boost this idea and leave your comments below.
Dollar: U.S. 10-year treasury yields rose to a two-year high after some rate cuts. The USD is bullish, and we should follow the new trend until the 90-cent mark. What are your speculations on this pair? Please share with us! Like and follow for more ideas like this, Thank you!!
Will the 200-week simple moving average waiting around 41K meet us or will we continue to rise with a reaction from the fib levels? My personal opinion is that the bull never started. We just made a new high. Now it's time for a new low.
If you listen to Michael Saylor, watch what he is doing with his financial engineering, and "learn about Bitcoin" it seems incredibly obvious that... MicroStrategy WILL NOT fail . At least, that is what I have been told by those that stand to gain massively from Bitcoin's price appreciation. It makes a lot of sense: corner the market of Bitcoin supply => force the price into "discovery" mode and everyone that believed in him and Bitcoin will be rich to the point they feel they deserve for being so prescient with their wisdom. The history of finance does not bode well for such absolute certainty... I began shorting Microstrategy with Puts over a year ago. "Being early and being wrong are often indistinguishable in trading/investing." I've lost money. But that did not dissuade me from calling BS on this scheme. Up until November 22, 2024 it had been a small trade that had not worked out so far. But on that day Saylor gave a CNBC interview (highly recommend looking it up) where he talked about their "core business", their "Bitcoin reactor", "selling volatility", and lots of complex financial jargon. To some, this might come across as brilliance. To me, having been in markets for a long time and studying their history it was patently obvious he was doing the classic, "if you can't amaze with brilliance then dazzle with bullshit" tactic. This was not a scam, nor a ponzi, nor a fraud... in absolute terms. We don't actually have a word for it. But it needs a derogatory term because people are going to lose money buying into it. https://www.tradingview.com/x/sunR1qQo/ https://www.tradingview.com/x/uFW71aw5/ I don't believe in karma. What I believe is that people cannot help be themselves and repeat their character flaws and patterns. This is not the first time Saylor has engaged in "financial engineering". Over 20 years ago MSTR (same company, same symbol) got caught by the SEC for doing much the same thing a Enron in their accounting practices. They were levied a big fine and the stock dropped -60% in a single day. Roughly two weeks later... the entire dot-com bubble imploded. Was MSTR the catalyst for this collapse? Unknown. But it certainly did not help keep the bubble going... Once again Saylor is exploiting the financial system. Or as gamers would call it; "clever use of game mechanics." There is nothing illegal about what he is doing (that is apparent). It's all out in the open. But it's leverage. Lots of leverage. MSTR ran out of simple debt and have found other ways to make cash to buy Bitcoin. Every week they keep "buying the top" as cheerleaders for this asset; Bitcoin. Trying to get others to join in their crusade to... I guess get it to $1 million now. Still valuing it in fiat terms while claiming to be changing finance (do they still want to do that anymore with Blackrock being their best backer? Unknown. I left all my Bitcoin Maxi chats as part of a New Year's Resolution to argue less with people on the Internet after 2024. When I left I was still defending my short while they were eagerly buying the dip. With all investments... time will tell. The Trade I have been purchasing Puts in different traunches with different strikes going out all the way to 2027. These long term Puts have their theta offset by selling shorter duration options to keep myself theta positive. This has been great over the last 2 months with increased IV. During the recent drop to $285 I actually found myself delta positive for a day. I wanted to get "more short" and added as much risk as I felt comfortable on the last push up to $380. Now delta negative/theta positive. Where I stop out: $390 is a key volume profile level topside. If price gets back above there I consider myself wrong... for now... and start to unwind risk or hedge more How I manage: I will continue to manage my delta/theta as long as IV makes it fun while always trying to stay negative. Buy long dated puts on pops up; Sell some Puts on every move down. The goal is for MSTR's debt to start getting called this year and they be forced to make some hard choices. This may require Bitcoin and/or the equities market to collapse in 1-2 years. If so; MSTR will be hurt tremendously.
hello, new update. Altseason is coming. Bitcoin is ready. SECOND TARGET TAKEN --> orange line at 91.500. New lower low.. New liquidity recover before the big hit. The 90555$ was a often observed target. for tons of reasons we spoke in prev pubished idea. Now we have millions in liquidation above the 101K range, qhich, accordily with the strategy and analysis coincides with the next target zone. Now it's a crucial time to see if btc will mitigate the rally, taking the next target, drop down to the last selling tp zone @ 86K before reaching the new target around 120K and above. On the other hand, collects the selling tp sooner. This downward pushing will indicates a reversal till the last ineffeciecy point and buy zone. Even if this move will collect definetly more liquidity, and will probabily encourage a bigger pump to the next rally, it will reverse the weekly trend, which has been maintined bullish since sept 24, meanwhile the monthly up trendline from 2022 keep to its course. So, if the price drops to 86K, probabily the next important zone will be the 78K. due to liquidation and orders open sustaining this idea. shapewise we will create a cup-shaped which is a good scenario for the bullish phase.
Bitcoin is currently breaking down out of the head and shoulders pattern, as I expected in past weeks. The next support is 85k, and we can hit this support pretty quickly. Bitcoin is known for its huge volatility. After we hit 85k, I expect Bitcoin to go up and retest the previous neckline of the HaS pattern, which is at around 91k! So you can make 2 trades in the short term. If you watch my posts, you know that 85k is a significant support level. It's the start of the FVG on the daily chart. Between 85k and 77k there is pretty much no price action. That means we can experience a huge flash crash. But let's be realistic: 85k is also a 20% correction from the ATH. Statistically, a 20% crash is when you want to put your buy orders. 1:1 FIB extension corresponds to the ABC correction. We are in Wave C of a corrective pattern. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Oil prices have surged impressively, fueled by recent fundamental-driven market moves. However, this swift upside has led WTI crude to my point of interest, offering a prime opportunity to short against the trend. My trade strategy includes taking partials at the $74 price zone. Here’s why this setup is supported by bearish fundamentals: 1. Rising U.S. Fuel Inventories Recent data shows significant growth in U.S. gasoline and distillate stockpiles, hinting at a potential oversupply in the market. 2. Strengthening U.S. Dollar A stronger dollar makes oil more expensive for holders of other currencies, reducing global demand and weighing on prices. 3. Increased Non-OPEC Supply With rising production levels from non-OPEC countries, analysts expect an oversupplied market in 2025, adding further pressure on oil prices. 4. Weakening Global Demand Economic growth concerns in major markets like China and Germany are fostering expectations of reduced oil demand, reinforcing a bearish outlook. These combined factors strongly support a short position on WTI crude oil. Stay strategic, take profits along the way, and manage your risk carefully in this volatile environment! Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Recap of Last Week - Down on the Year - At the 4hr 200MA and Election Gap There is a lot to see in this chart and this is a recap of last week where we opened with a gap up above the 50 day moving average took it right to the downward facing 30 minute 200MA to the 1hr 200MA that is where we saw a massive rejection and that is at the red arrow. From there we reversed and we took it back underneath the 30 minute 200MA average to the 50 day average the 35 EMA we drop down to the up gap from the first week briefly bounced on that before taking it back up to the 35 EMA getting rejected and flung all the way down to the four hour two removing average right at the election gap. We are just about to head into the third trading week of the year and futures are underneath the election gap. Let me know what your thoughts are as we had into the third week.
Today's Powerpack performance.. Best results and well captured the move from top.. its not just limiting for scalping but works great for swing trading as well. It gets you confidence to hold the trade as well.. and its pretty simple design even for beginners.. Background color and how can it be used!!! Green - BUY Red - SELL grey - No trading or sideways area rest i am speechless, it is talking about itself.
CRYPTOCAP:BTC Bitcoin is at a critical point Current price: 91000 Bitcoin has retraced over 16% from an all time high of 108k, Price action is currently forming a head and shoulder pattern which is usually a bearish pattern! #btc needs to remain supported around 90.5k to continue its uptrend to all time highs at 119k If MARKETSCOM:BITCOIN price action loses support at 90.5k then expect prices to retest supports at 85k and then 80k. Definitely a critical point to watch! What do you think?