A close below the trend line will likely result in a dump to the 2700 level and then a bounce back up to 4k and then onto aths. If we are able to maintain the trend I expect 4k eth by january 20 (inauguration day).
i am bullish for SET:SONIC and anticipating a big move upside once break the pattern
1-Hour Chart Analysis (Trading Perspective): * Trendline Resistance and Support: The downtrend is intact with visible resistance at key levels such as $594 and $596. The price is hovering close to the critical support at $589. * Volume and Momentum: Declining volume on bounces indicates weaker buying interest. MACD shows a bearish crossover, signaling negative momentum. Stochastic RSI shows oversold conditions, suggesting a potential short-term bounce but remains within the downtrend. * Immediate Levels to Watch: * Resistance: $594, $596 * Support: $589, $585 * Trading Strategy: * If SPY breaks above $594, it may test $596. * A break below $589 can open further downside toward $585. Gamma Exposure (GEX) Insights (Options Perspective): https://www.tradingview.com/x/dnzuFUaW/ * Call Walls: Major call resistance is at $596, acting as a psychological and technical barrier. * Put Walls: Strong put support lies at $585, signaling hedging activity from market participants. * Gamma Flip Zone: Neutral zone remains around $589-$590 where market makers might shift their positioning based on the directional bias. * Market Sentiment: The net GEX indicates bearish sentiment with -72.7%, reflecting dominance of put contracts over calls. * Options Strategy: * For a bearish bias, consider puts below $589 with a target near $585. * For bullish reversals, calls can be played above $594 targeting $596. Conclusion: SPY remains in a short-term bearish trend within a broader consolidation. Watch for decisive breaks of $594 or $589 to determine the next directional move. The current GEX data reinforces bearish pressure, but oversold technical indicators suggest caution for shorts near support levels. Maintain a tight stop-loss and adjust strategies based on volume and price action confirmation.
Gold rose strongly yesterday. Many people may have started to chase more gold. However, gold fell back under pressure at 2664, reaching the previous high point. This position is also an effective point for the continuous suppression of shorts in the near future. With the strong rebound during the day, it also reached this position, but it is very likely to form a triple top pattern! The daily line tested the MA60 daily moving average at 2664 and then fell back. With the negative news data, a waterfall formed to reach 2642. Today's operation maintains high selling and low buying! There are too many data in the second half of this week. Before the range is broken, it is still difficult to have a large unilateral market. The bulls cannot rise further. The gold bulls did not break through in one fell swoop, and the rebound high continued to be short. Gold continues to fluctuate in a large range in 1 hour. If it rebounds high, don't continue to chase it. The short-term gold 1-hour line has double tops. If gold no longer breaks through the new high, then the double top of gold will continue to fall under pressure. Gold rebounds to 2665 in the Asian session and continues to sell at highs! First support: 2640, second support: 2632, third support: 2615 First resistance: 2656, second resistance: 2665, third resistance: 2683 Operation ideas: BUY: 2635-2638, SELL: 2663-2665,
1/7/25 :: VROCKSTAR :: NYSE:CMG Top of mind, but too expensive >$50 - quick one here - amazing product - comps/ industry of QSR/FSR (i'm looking at you NASDAQ:WING , NYSE:SG , NYSE:CAVA ) are horribly overpriced. you think they're making quantum computers and beaming space lasers into ai-powered robots to eliminate labor costs - but pt is, NYSE:CMG is best of class, even if they've lost their CEO to NASDAQ:SBUX - 2% fcf is probably "fairly valued" unless you've got some mega portfolio and need liquidity etc. etc. to buy names - over 40x PE and you can't stomach owning (i get it i get it different industry) NYSE:TSM for sub 20x PE and growing nearly 2x as fast with 2.5x the ebitda mgns. - pt is... i'd like to own it, the other stuff is just a pass, or i always short on pops (thanks NYSE:SG as of today lol!, will always look to reload on NYSE:CAVA and NYSE:SG on pops) ... so note to self, that restaurants r probably just too expensive to 1H25 to even care on watchlist. trigger wb $50. V
After breakout, OTHERS need to retest wedge for healty market structure mini downtrend i think till we hit around 300B with retesting major support and filling some wick if we set 1D timeframe Hopefully we not back to the wedge range
. In the case of BTC/USD, a sell entry is placed at 96,193, with three take-profit levels set at 95,870, 95,180, and 94,000. These levels represent price points where traders aim to lock in profits as the market moves in their favor. To manage risks, a stop-loss point is set at 97,100, ensuring that if the market moves against the trade, losses are limited to a predefined level. This is a critical component of risk management, as it protects capital and prevents significant setbacks. The principle of never risking more than you can afford to lose is essential in trading. By utilizing tools like stop-loss orders, traders can automate their risk management and maintain control over their trades. Additionally, diversifying investments across multiple markets or assets helps reduce the impact of a single unfavorable outcome. Trading success also depends on the ability to learn and adapt continuously. Markets are constantly changing, and staying informed about trends, technical indicators, and economic factors is key to refining strategies. Consistency and patience are vital traits for any trader. Setting realistic goals, adhering to a trading plan, and avoiding emotional decisions can significantly improve outcomes. Every trade, whether profitable or not, is an opportunity to learn and improve. By combining strong risk management with a disciplined and adaptable approach, traders can enhance their chances of long-term success in volatile markets like cryptocurrency.
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https://www.tradingview.com/x/65StP6ZI/ In this educational article, we will discuss one of the most common cognitive errors of newbie traders - a confirmation bias. In order to better understand that term, I want to start with the example: Let's say that after doing some research, you are highly convinced that Bitcoin is bullish and that it is a decent investment. You decide to buy that from 90.000 level, expecting the exponential growth. Instead of growing, however, the market starts falling rapidly. Rather than closing your position in loss, you decide to do a new research and execute the analysis, you start looking for the proof of your pre-existing beliefs. You completely neglect the voices of Bitcoin sceptics and ignore bearish clues on the price chart. You consider only the facts that support a bullish outloo k, not letting you accept the other point of view. You become a victim of a confirmation bias. https://www.tradingview.com/x/HiBelYwU/ Unfortunately, such a psychological trap frequently prevents a closing of a trading position in time, leading to substantial losses. Confirmation bias is a common psychological error that makes a subject overvalue the information that upholds his existing beliefs and undervalue the opposing one. Here are the most common symptoms of that trap: 1️⃣One is neglecting the objective facts. 2️⃣One is interpreting information in a way to support the existing beliefs. 3️⃣One is considering only the facts that conform with his point of view. 4️⃣One is completely ignoring the information that challenges his beliefs. https://www.tradingview.com/x/TWuGJ7tx/ The only way to beat a confirmation bias in trading, is to learn to analyze the market from sellers' and from buyers' perspective . Your task is to compare the view of the 2 sides, and pick the one that is stronger, holding in mind the fact that everything can change. You should always remember of the changing nature of financial markets and be ready to always reassess your views. ❤️Please, support my work with like, thank you!❤️