? Trade Idea: This setup is based on the break of a 4H downtrend, aligning with key confluence factors: 1️⃣ A support level near a previous demand zone. 2️⃣ The VWAP median support acting as an additional confirmation. ? Key Levels: • Entry: On a confirmed bounce at VWAP median support. • Stop-Loss: Tight stop 21.15. • Target: 2x the risk for a 1:2 RR. ?️ Analysis: Price action shows consolidation near support, indicating potential momentum shift. The downtrend break provides directional bias, with VWAP and support adding strength to the setup. On a weekly level LINK has support on fib 0.382 retracement and the weekly support of 22.03. On HTF LINK is still bullish. ⚠️ Risk Management: Always use proper risk management and position sizing. This is a short-term trade idea and requires quick execution and monitoring. **Disclaimer:** This post is for educational and informational purposes only and does not constitute financial advice. Trading involves significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Always do your own research, consider your financial situation, and consult with a professional financial advisor before making any trading or investment decisions. I am not responsible for any losses incurred as a result of your trading or investment activities. Trade responsibly!
Im seeing a bullish divergence on 1hr & Daily time frame in BTC chart. There is a possibility that we visit our main support of 90k - 91k and go back up from there. Observe the market cautiously and pay attention so that you can play it right. DYOR Goodluck
Market is creating downward structures and seen 1-3. At point 3, the market is creating a new structure with support for becoming resistant. If structure 3 is not broken to the upward side, I look forward to keeping this pair short. Let me know your thoughts. For educational purposes only. Let me know your thoughts.
You shouldn't care about the sell-off today. CRYPTOCAP:BTC is slipping, and so is CRYPTOCAP:BTC Dominance! This means money is flowing into altcoins! But, altseason is not here yet, it's coming. #VIRTUAL is up 8% and GETTEX:HYPE is on sale! I'm buying the dip you should too. JUST HODL and don't panic sale!
Current bitcoin price is about 20% away from the weekly trendline (yellow) which also coincidences with the bitcoin weekly breakout. Just using the basics of support, resistance and trendlines, if bitcoin loses the current daily support at the gray mitigation block, we can see where the price action woul take us. I believe there will be a bounce to attempt 100k to 104k before the trendline is reached. Keyword, if... I have navigated thi bull market with 100% accuracy and evidence of this is on my youtube. My telegram is Only1CryptoFuze Youtube channel: CryptoFuze Hey, I don't sell anything, just share trading ideas, scenarios, and solid technical analysis. Even after that Trump-fueled BTC pump, I guided folks who were lost to the right trades, leading us to the top. I also predicted the price correction to the 50k range back in march. I didn't just predict, I actually took the trades and posted my entries on my youtube channel. If you want to know how I will navigate this current market, send me a message on telegram or comment on my youtube
I expected the downward trend to continue until the lower yellow box, which corresponds to the levels of 0.707 and 0.786. Now it is possible that wave 3 will move up to the yellow box at least until the box comes.
Plan vs. Actual Performance (23-Dec-2024) - Nifty: In today’s session, Nifty closely followed the levels and zones highlighted in the trading plan: The index opened within the Opening Resistance/Support Zone (No Trade Zone) , as indicated in the plan. Price action remained muted here, showing indecision, aligning with the expectation of limited opportunities in this area. The attempted move towards the Last Intraday Resistance Zone (23,953-24,058) failed, with prices reversing near resistance, confirming the bearish projection (red trend). Later in the session, the index approached the Buyer’s Support Zone (23,194-23,281) . Prices showed signs of stabilization, reflecting the plan's green trend projection for potential reversal or support testing. Key Takeaway: The plan accurately captured the market's reaction to critical levels, reinforcing the importance of patience in the No Trade Zone and the effectiveness of the support/resistance zones for planning entries. This reflects the value of adhering to a well-defined trading framework. This analysis will help us prepare for the trading day on 24-Dec-2024, considering different opening scenarios. Trading Plan for 24-Dec-2024 Gap Up Opening (100+ points above 23,747.20) If the market opens above 23,847.20, it indicates a strong bullish sentiment. The first resistance level to watch is 23,863.00 (Opening Resistance). If the price sustains above this level, the next target is 23,976.00 (Last Intraday Resistance for retracement). In case the price breaks above 23,976.00, the next target is 24,009.00. A sustained move above this level can lead to the Profit Booking zone at 24,128.00. If the price fails to sustain above 23,863.00, look for a potential retracement to 23,739.30. This could indicate a sideways trend (yellow line) or a bearish reversal (red line). Flat Opening (around 23,747.20) A flat opening suggests indecision in the market. The immediate level to watch is 23,739.30. If the price holds above this level, it could indicate a bullish trend (green line) towards 23,863.00. If the price breaks below 23,739.30, the next support level is 23,611.00 (Opening Support Zone at Buyer’s retracement zone). A break below this level could lead to a bearish trend (red line) towards 23,547.00. Monitor the price action around 23,863.00 for potential resistance. A break above this level could lead to targets of 23,976.00 and 24,009.00. Gap Down Opening (100+ points below 23,747.20) A gap down opening below 23,647.20 indicates bearish sentiment. The first support level to watch is 23,611.00. If the price holds above this level, it could indicate a potential retracement (yellow line) towards 23,739.30. If the price breaks below 23,611.00, the next target is 23,547.00. A sustained move below this level could lead to further downside towards 23,447.00. In case of a retracement, monitor the price action around 23,739.30 for potential resistance. A break above this level could lead to targets of 23,863.00 and 23,976.00. Risk Management Tips for Options Trading Always use stop-loss orders to limit potential losses. Avoid over-leveraging your positions; trade within your risk tolerance. Diversify your trades to spread risk across different assets or strategies. Keep an eye on implied volatility, as it can significantly impact options pricing. Regularly review and adjust your trading plan based on market conditions. Summary and Conclusion In summary, the trading plan for 24-Dec-2024 involves monitoring key support and resistance levels based on the opening scenario. By understanding the potential price movements and trends (yellow for sideways, green for bullish, and red for bearish), traders can make informed decisions. Always practice good risk management to protect your capital. Disclaimer : I am not a SEBI registered analyst. This analysis is for educational purposes only and should not be considered as financial advice. Always do your own research before making any trading decisions.
Targeting just under $100k. High risk trade. 25% chance of success.
ZIM appears primed for a potential reversal to the upside. In this analysis, I’ll walk through the technical confluence behind this bullish view—while also outlining key levels to watch and a risk management approach. Always remember this commentary is for educational purposes only and not financial advice. I've got 4 reasons why this is primen to go this way 1. Bollinger Bands and Moving Averages • The price has been hovering near the lower Bollinger Band in recent sessions. Typically, when price consolidates or bounces near the lower band and begins to move upwards, it can signal a short-term momentum shift. • A key moving average (or a short-term exponential moving average) is starting to flatten out or slope upward, indicating that selling pressure may be easing. 2. Momentum Oscillators (Stochastics / RSI) • From the chart, my proprietary indicator (combining DM Reversals & an enhanced Stoch) suggests a bottoming process. The Stochastics appear to be crossing from oversold levels, often an early sign of bullish momentum. • If this crossover completes convincingly—accompanied by a higher low on the oscillator—it adds weight to a possible trend change. 3. Proprietary Buy/Sell Signals • The screenshots show multiple (historical) Buy signals triggered around similar conditions, which eventually led to short-term rallies. • The current read from the system suggests the conditions for a new Buy signal or bullish reversal are aligning again. These signals combine volatility (Bollinger Band settings), moving averages, and momentum crosses. 4. Support and Resistance Zones • Immediate Support: Watch the most recent swing low near the lower Bollinger Band. If price holds above that level, it reaffirms the bullish divergence from the oscillators. • Resistance Targets: Potential short-term resistance near the mid Bollinger Band and a more significant ceiling around the 50-day moving average (if that’s visible on your chart). A breakout above these zones would confirm the bullish scenario and could fuel further upside. Rationale for Upside Bias 1. Momentum Shift: • The proprietary indicator signals historically correlate well with local bottoms, and the Stoch oscillator is rising from an oversold area. 2. Reduced Volatility: • Bollinger Bands sometimes compress before a bigger move. We appear to be near the low volatility phase, hinting at a potential breakout. 3. Favourable Risk/Reward: • Placing stops below key support keeps risk contained while upside potential extends to multiple resistance layers.
100k more than a psychological level. 100k fib target Elliot Wave 5 13 percent of the USD. Bitcoin is going to cause problems any higher and collapse the economy we dnt really want that . this could be the start of the bear market. Winter solstice ⭐ .