Last night (morning in NY), Bitcoin went above $100k and it looked like the crypto market was about to start a bull trend. For Virtual, the 4h candle decisively broke and closed above the previous week's mid price and previous month's high price. Stochastic and RSI lines both crossed and went into the bull zone. MACD lines looked like they were about to cross in the bull zone. Everything looked quite bullish and promising. I was almost tempted to open a long position, but I didn't. The price ended up retracing and it is now below the recent support area. What saves me every time in the chart setting like this is to wait for MACD lines to cross properly. I got caught in so many bear/bull traps like this because I wasn't patient enough to wait for MACD to cross. It is a very simple strategy but extremely effective. I am still very bullish on Vertical and wait for re-entry. However, I will wait for 4H MACD to cross in the bull zone and for daily stochastic to cross and roll back before I consider adding more position.
The stock showing a breakout with strong volumes. For a successful breakout, we should ideally see a strong 1H candle on our chart—it’s crucial to use that timeframe. Following the breakout, the ideal entry point would be after a consecutive candle that breaks above the breakout candle As always, remember to do your own research before making any investment decisions!
Buyers seem to go for a $4,000 zone where recently they secured the EMAs and our bounce zone, which has been acting pretty well. We are monitoring now for any possible re-tests that might happen to that bounce zone but overall we want to see a break of local highs here and a movement toward the major resistance zone (within the timeframe ofc). Swallow Team
The price is reacting off the pivot which acts as a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop to the 1st support. Pivot: 3,718.97 1st Support: 3,524.81 1st Resistance: 3,834.79 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
hello trader's. what do you think about gold. current price: 2642 gold again to again respect resistance and gold creating lower low and higher low so ,gold again touching 2647 .2658 this is resistance zone then gold fall down 2627 this support zone and this area breakout then gold tovhing demand zone 2614 resistance zone 2647.2658 support zone 2627.2624 please like comment and follow
Zydus .. What is name of this pattern look like temple will see result of this pattern .cmp 1004 on 07.01.2024 may be it will also work .. as tample pattern
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GBPCAD is at a break and retest level. Hitting the H4 EMA, trendline, 1.8000 psych and 50 fib level. Looking for more downside pressure
Ever had that scary feeling in your tummy before you make a trade? I totally get it. I used to let my worries take over my trading days. Every time the market went down, it felt like it was out to get me, making me sell stuff too fast or miss out on good deals because I was too scared. Here's what happened: - Always Scared: I was so afraid of losing money that I kept questioning every move I made, even when it was probably the right one. - Stuck in Thinking: I'd look at so many charts that I couldn't make up my mind. It was like being stuck because every choice seemed like it could be wrong. - No Sleep: I thought staying up late to watch the markets would help me, but it just made me super tired and even more worried the next day. But I learned how to deal with it. I started using stop-losses, like safety nets, so I wouldn't lose too much. I tried mindfulness stuff to keep calm. And I decided no more screens after trading time, so I could get a good night's sleep. If you're feeling the same kind of worry when you trade, you're not by yourself. We're all in this together. Let's talk about how we can stay chill even when the market gets crazy. Leave a comment or send me a message if you want to chat about dealing with this stress. Kris/ Mindbloome Exchange Trade What You See
Analyzing the options chain and the chart patterns of TLRY Tilray Brands prior to the earnings report this week, I would consider purchasing the 2usd strike price Calls with an expiration date of 2025-6-20, for a premium of approximately $0.32. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.