Technical Overview: Currently, BTC/USD is trading within a descending channel, as indicated by the orange trendlines. The price is approaching the lower boundary of this channel, which aligns with a key support level around $90,000. This area has shown previous rejection and could act as a pivot for a bullish reversal. Bullish Scenario: A breakout above the descending channel would signal a potential shift in market sentiment. Key levels to watch for upside targets: $105,000: Intermediate resistance. $112,000: Major resistance level coinciding with the upper red trendline. Bearish Scenario: If BTC/USD breaks below the support around $90,000, further downside is likely, with a potential move toward the $85,000 region, as indicated by the lower blue trendline. Trade Plan: Entry: Monitor for bullish confirmation signals (e.g., breakout and retest above $94,000). Profit Targets: TP1: $105,000 TP2: $112,000 Stop Loss: Below the channel's lower boundary at $89,000. Conclusion: This analysis highlights a potential breakout scenario but remains cautious of bearish continuation if support fails. Always manage risk and adapt to market conditions. Ensure your TradingView chart includes: Descending channel: Highlighted with orange trendlines. Key levels: $90,000 (support), $105,000 and $112,000 (resistance). Directional arrows: Indicating potential breakout scenarios (bullish and bearish).
KASPA has been bleeding agains BTC for the better half of a year and has clearly formed a bullish falling wedge structure in the KASBTC Pair. KASPA vs Stables has been trading in a range for 14 months with the range low coming in around 0.10 and the range high around 0.19 based of Volume Profile. Is KASPA about to bottom out against BTC and start another huge move that greatly outperforms its BTC pair? for this to happen we would have to also see a break of this 14 month range to the upside and we can only expect the move to be extremely violent considering the amount of time the asset has consolidated. KASUSDT Macro indicators are all oversold with the weekly stochastic RSI touching true zero for the fist time since the asset was trading for 0.015. with a potential higher high in the Stochastic wave and in the weekly price action I am looking for Bullish Convergence to print shortly after KASPA moves back above 0.128. Additionally the Weekly MACD moving averages is set to print a lower low tonight while KASPA price action trades in a small higher high range printing large time frame Bullish Divergence on the MACD. Obviously I am watching BTCUSDT closely to avoid getting into a position that looks good technically but maybe lost simply from the over all market moving down. But, I don't see how BTC doesn't continue in the next week as Trump takes office and the FED continue to move towards one of their two scheduled rate cuts. Regardless KASPA at its current price of 0.118 is an excellent buy with fibonacci targets as high as 0.51 for a range break out. I expect any price break down from this current level to be bought up very quickly.
price took out previous low , so now price will head up to this P.O.I area to take out liq sitting here before strong sells, no indicators no break of structure, just LIQ been targeted
USOIL is testing a significant resistance zone around the 78.00 level, an area where price previously faced strong selling pressure. Current price action suggests potential exhaustion, with signs of rejection visible. If sellers take control, a pullback toward the 76.01 level, acting as the first key support, could be in play. Traders should look for bearish confirmation, such as reversal candlestick patterns or breakdowns below recent lows, to position for a potential short move.
Very nice and easy setup. Nothing fancy with the opportunity of doubling the RR. Following the order flow - no forcing whatsoever - I decided that the sell made most sense. Entry makes sense with the break of structure coming at the hands of a clear heavy imbalance. RR1: 2.48 RR2: 4.21
Price showing signs of strong momentum. We look for the pullback to take the trade.
▮ Introduction With TradingView's new table creation feature , you can easily create and customize tables to enhance your trading analysis and presentations. In this article I'll use it to explain Risk Asymmetry . Trading involves a constant evaluation of risk and reward . One of the critical concepts that traders need to understand is risk asymmetry . This concept highlights how losses and gains are not symmetrical. In other words, the percentage gain required to recover from a loss is greater than the percentage loss itself. This article explores risk asymmetry and illustrates it with a practical example. ▮ What is Risk Asymmetry? Risk asymmetry refers to the disproportionate relationship between losses and the gains required to recover from those losses. For instance, if you lose 10% of your investment, you need to gain more than 10% to get back to your original amount. This is because the base amount has decreased after the loss. Understanding risk asymmetry is crucial for traders because it affects their risk management strategies. Knowing that larger losses require exponentially larger gains to recover can help traders make more informed decisions about their trades and risk exposure. ▮ Illustrating Risk Asymmetry To illustrate risk asymmetry, let's consider an initial investment of $1000. The table below shows the required gain to recover from various percentage losses: https://www.tradingview.com/x/SDKiN3g9/ Explanation: - Loss (%): The percentage loss from the initial amount. - Value Lost ($): The lost monetary value from the initial amount. - Amount After Loss ($): The remaining amount after the loss. - Required Gain for Recovery (%): The percentage gain required to recover to the initial amount. This table highlights the asymmetry in trading losses and gains. As the loss percentage increases, the required gain to recover the initial amount increases disproportionately. For example, if you lose 50% of your initial amount ( $500 ), it is not enough for you to gain 50% , because the amount left after the loss is $500 , and a 50% gain on the amount of $500 is $250 , which would result in a total amount of $750 with a remaining loss of $250 ! So, the most important question is not how much can I win , but how much can I lose . Curiosity: Why 100% is not applicable (-) in this table? When you lose 100% of your investment, you have lost all your capital. Therefore, there is no remaining amount to recover from, and it is impossible to gain back to the initial amount from zero. This is why the required gain are marked as not applicable. ▮ Conclusion Understanding risk asymmetry can help traders in several ways: 1. Risk Management: traders can set stop-loss levels to limit their losses and avoid the need for large gains to recover. 2. Position Sizing: by understanding the potential impact of losses, traders can size their positions more conservatively. 3. Psychological Preparedness: knowing the challenges of recovering from significant losses can help traders maintain discipline and avoid emotional decision-making. It is one thing to lose 100% of a dollar on a casino bet; it is quite another to lose 100% of a lifetime's worth of capital. Therefore, the larger the capital at stake, the smaller the amount of money that should ideally be risked.
Bull Pennant appears to have formed on the 1H timeframe, this would be targeting $2.6 region. If this resistance broke, the target of the pennant would be $2.8. We've also broken out of the symmetrical triangle with the overall target being $4.9 Will this pennant breakout and re-test of $2.6 or fail and fall back down to the symmetrical triangles resistance? We'll soon find out. 12H candle appears to possibly be forming a morning star doji which would signal continuation of upwards momentum. BTC also appears to be forming a morning star on 12H and has also formed a bullish pennant on 2H timeframe. Could this be the time to shine and test new heights? I'm still not sure. Some of my concerns for XRP right now is the upcoming SEC case, which could put downwards pressure on the market, we also don't know how Trump coming into office will effect the market. Will it dump then pump? We don't know. This breakout is stale, the volume has drastically decreased which is worrying. XRP has a reoccurring theme of selling false moves. $2.6 seems to be a region we're incapable of breaking. I have taken profit on my short from $2.591 to $2.48 and have now entered a long position just above the bottom of the pennants support. I've also set a tight stop loss on this due to volatile market conditions. Thank you for taking the time to review my idea, if you have any feedback please feel free to comment. All feedback is greatly appreciated.
I know what you are wondering, "But, is it really possible for these pairs that you are sharing to grow this much?" Here LMRUSDT (Lumerin) grew by 4,275% between June 2023 and March 2024. And this was not a bull-market year, this is pre bull-market, the preview. So, this means that a 1,900% potential is actually an easy target. This and other pairs have grown beyond 3,000% in the past few years and this is when the market was being attacked and depressed. Prepare for a mega bull-market. Don't even think about doubting me. I am here as your guiding Angel. I am here to alert of what is coming to the market so you can make the most of it. Just prepare, take action and enjoy the profits when they come. Yes! Many projects can grow 1,000%, 2,000%, 4,000%, 5,000% and beyond. This has already been done many, many times in the past. Back in 2021, as well as in 2023 and 2024. I've shown many examples. Forget the doubt, focus on the job. Crypto is going up. You've been warned. Namaste.
Nice oil short opportunity looks weak on the daily 1:4R Wide stop loss, swing trade