I expect short-dated treasury yields to drop, increasing their price ie. buy short-dated treausries could also go short ultras but my view is that yields will slowly come down across the board so I will not be buying the spread COT positioning shows commercials favour shorter duration bonds
hi traders, ELAUSDT has faced a deep correction after reaching 0,618 fib level. It looks like the correction is finished and Elastos may be ready to go up again. 10$ is very easy target to achieve in the bull market. It may go much higher but as this is not a new project, there are a lot of bag holders that may want to sell their coins so 10 $ looks like a reasonable level at least to take profit. Patience is required but if you're patient, you will make it! Good luck
In the 2-hour time frame, Bitcoin could follow one of these three trends: 1. If it hits its resistance channel, the price might drop to the step-level price I’ve drawn for you. 2. It might fail to gain significant volume and start its bearish trend from here. However, if Tether dominance loses its support, Bitcoin is likely to turn its resistance channel into support, leading to a renewed price increase.
Looking for the bullish trend to continue. Just waiting on price to make a low first for the week. Then we should continue. Patience is key.
In my last post on November 28, 2024, I discussed Bitcoin’s rising wedge and wondered if the “horn of doom” would break bearish or bullish. Since then, Bitcoin has surged, flowing its trumpet all the way to $108,388.88. Fast forward to today, and Bitcoin is once again at a critical juncture. For the past few days, it’s been trying to break through resistance at $99,264.37 the Fibonacci 0.786 level but has failed repeatedly. The big question is: ? Will Bitcoin blast through this key level and flip the trend around? ? Or are we looking at a possible retest of the Fibonacci 0.5 level? This could be the moment where Bitcoin either reignites its bullish momentum or takes a breather before the next big move. What do you think? ? Bearish retest or ? bullish breakout? Drop your comments below and share your thoughts!
The week chart looks to be getting ready to be bullish. The day chart seems like it’s consolidating. It’s in this old resistance level. And close to the end of the pattern. So could see something happen very soon.
Hello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trade on what we see the price movement on chart. A key part of my discipline is always setting a Stop Loss when opening a trading position. This ensures every trading position is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
For the DXY, I anticipate a corrective move, as the price has recently broken structure to the upside. This break has created new demand zones, which we can expect to act as strong support, allowing bullish momentum to continue. This week, my focus will be on the 8-hour demand zone around 108.600. If the price mitigates this zone, I’ll look for lower time-frame confirmation to enter a trade. My target will be the 8-hour supply zone above, where I anticipate some bearish pressure may emerge. However, if the price moves lower and breaches the 8-hour demand zone, I’ll shift my attention to the extreme 5-hour demand zone for a potential buying opportunity, aligning with the overall bullish trend. Let’s stay sharp and make the most of this week. Let’s crush Q1!
Technical Analysis (TA): 1. Trend Overview: * SPY is attempting to recover from the recent downtrend. * The price is consolidating near the $592 resistance level with a potential breakout setup. * Support near $585 has been respected, marking it as a critical level. 2. Key Levels: * Support: $585, $581 * Resistance: $592, $600 * Watch for a breakout above $592 for potential bullish momentum or a breakdown below $585 for a bearish move. 3. Indicators: * MACD: Showing bullish divergence, indicating momentum is building. * Volume: Uptick in volume on recent moves, adding credibility to the trend. * RSI: Near neutral; no overbought/oversold conditions. 4. Price Action Forecast: * Above $592: Expect a move toward $600 if momentum sustains. * Below $585: Potential retest of $581 or lower. GEX (Gamma Exposure) for Options: https://www.tradingview.com/x/amhP7XwV/ 1. GEX Levels: * Call Resistance: $595 (39.97%), $600 (44.29% GEX). * Put Support: $585 (-5.34% GEX), $581 (-5.34%). 2. Directional Bias: * Positive gamma above $592 could trigger controlled upward movement. * Below $585, negative gamma may accelerate selling pressure. 3. Options Strategy: * Bullish: Enter calls above $592 targeting $600 with tight stop-loss near $590. * Bearish: Enter puts below $585 targeting $581 with a stop-loss at $588. Conclusion: SPY is trading at a critical juncture with potential for volatility around key gamma levels. Traders should watch $592 and $585 for directional cues. Gamma suggests significant resistance near $600 and strong support at $585, aligning with current technical levels. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own due diligence before trading.
EUR/USD is trading around 1.0299. bouncing after having reached a low at 1.0222. This coincided with the bottom of the downtrend channel. Now after the technical bounce, the instrument is located above 2/8 of Murray. So, a recovery is likely to follow in the next few hours. If the euro consolidates above 0/8 of Murray in the next few hours, we could expect it to reach the 21 SMA located at 1.0347. EUR/USD could even reach the top of the bullish trend channel around 1.0385. On the other hand, the euro could consolidate and we could expect a resumption of the bearish cycle, but the key will be to watch for the price to stay above 1.0253. Above this area, there will be an opportunity to buy. Below this area, the euro could continue its fall and could even reach-1/8 Murray around 1.0131. The indicator is showing a bearish signal, so we could expect a technical correction. Then, we will be able to buy if the euro settles above 1.0256. Trading Strategy for Monday: On the 4 hourly chart, the EUR/USD pair has exited its "holiday flat" phase, concluding it with a fresh decline. We believe that the euro's downtrend has resumed in the medium term, with little distance remaining to parity. Further declines in the euro are expected, supported by fundamental and macroeconomic factors that favor the US dollar. Nevertheless, the pair may experience upward movement on Monday, as to buy signals formed at 1.0269 and 1.0277. On the 5-minute time frame, the following levels should be considered: 1.0156, 1.0221, 1.0269-1.0277, 1.0334-1.0359, 1.0433-1.0451, 1.0526, 1.0596, 1.0678, 1.0726-1.0733. 1.0797-1.0804, 1.0845-1.0851. Happy Trading!