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HelenP. I Bitcoin can break resistance level and continue growHi folks today I'm prepared for you Bitcoin analytics. In the chart, we can see how the price declined to the support level, which coincided with the support zone, and then at once tried to grow. But soon it turned around and dropped below the 63000 level, breaking it, and then some time traded below this level. Price tried to rise higher than the support level, but failed and declined to the trend line, after which it rebounded and grew back. Soon, BTC broke the 63000 support level and rose in a short time to the resistance level, which coincided with the resistance zone. After this, the price rebounded and made little correction, after which continued to move up inside pennant. BTC reached a resistance level, broke it, and rose to the resistance line of pennant pattern, but soon turned around and started to decline. It quickly fell to the trend line, breaking the resistance level, but recently started to grow. Now, I expect that BTCUSDT will exit from the pennant, break the resistance level, and then make a retest. Then I think the price can continue to move up, therefore I set my goal at 73000 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
7
Options Blueprint Series [Basic]: Ready to Strangle a BreakoutIntroduction: Why Natural Gas is Poised for Volatility Natural Gas markets are showing signs of a potential volatility surge as recent data from the United States Natural Gas Stocks Change (USNGSC) displays a rare narrowing of the 21-day Bollinger Bands®. This technical setup often precedes sharp market moves, suggesting an upcoming breakout. Given the importance of fundamental shifts in natural gas inventory data, any unexpected change in USNGSC could significantly impact Natural Gas Futures (NG1!), leading to price movements in either direction. This Options Blueprint Series explores a strategy to capitalize on this anticipated volatility: the Long Strangle Strategy. By setting up positions that profit from sharp directional moves, traders may capture gains regardless of the direction in which the price moves. Understanding the Long Strangle Strategy A Long Strangle involves purchasing a call option at a higher strike price and a put option at a lower strike price. This setup allows traders to profit from significant price movements in either direction. The chosen strategy for this analysis includes: Expiration: February 25, 2025 Strikes: 2.5 put at 0.28 and 2.7 call at 0.29 This setup is ideal for capturing potential breakouts, with limited risk equal to the total premium paid. Unlike directional trades, a Long Strangle does not require forecasting the direction of the move, only that a substantial price change occurs before expiration. Technical Analysis with Bollinger Bands® The 21-day Bollinger Bands® applied to USNGSC have narrowed significantly, often an indicator that the market is building up pressure for a breakout. Historically, this type of setup in fundamental data can drive volatility in Natural Gas Futures. When the Bollinger Bands® width narrows, it indicates reduced variability and increased potential for data changes, awaiting release. Once volatility resumes, a dramatic shift can occur. This technical insight provides a solid foundation for the Long Strangle Strategy, aligning the timing of options with the potential for amplified price movement in Natural Gas. Contract Specifications for Natural Gas Futures To effectively plan and manage risk in this trade, it’s crucial to understand the contract details and margin requirements for Natural Gas Futures (NG). o Standard Natural Gas Futures Contract (NG): Minimum Price Fluctuation: $0.001 per MMBtu or $10 per tick. o Micro Natural Gas Futures Contract (optional alternative for smaller exposure): Minimum Price Fluctuation: $0.001 per MMBtu or $1.00 per tick. Margin Requirements The current margin requirement for a single NG futures contract generally falls around $2,500 but may vary with market conditions. $250 per contract for Micro Natural Gas Futures. Trade Plan for the Long Strangle The Long Strangle strategy on Natural Gas involves buying both a put and a call option to capture significant price movements in either direction. Here’s how the trade is set up: o Expiration: February 25, 2025 o Strikes: Long 2.5 Put at 0.28 ($2,800) Long 2.7 Call at 0.29 ($2,900) o Cost Basis: The total premium paid for the strangle is 0.57 (0.28 + 0.29) = $5,700 per strangle position. Profit Potential Profits increase as Natural Gas moves sharply above the 2.7 call strike or below the 2.5 put strike, accounting for the 0.57 premium paid. With substantial price movement, gains on one option can offset the total premium and yield significant returns. Risk Maximum risk is confined to the total premium paid ($5,700), making this a capped-risk trade. Reward-to-Risk Analysis Reward potential is substantial to the upside and downside, limited only by the extent of the price move, while risk is capped at the initial premium cost. Risk Management and Trade Monitoring Effective risk management is key to successfully executing a Long Strangle strategy, particularly when anticipating heightened volatility in Natural Gas. Here are the critical aspects of managing this trade: Defined Risk with Prepaid Premiums: The maximum risk is predetermined and limited to the initial premium paid, which helps manage potential losses in volatile markets. Importance of Position Sizing: Sizing positions appropriately can help balance exposure across a portfolio and reduce excessive risk concentration in a single asset. Using Micro Natural Futures would help to reduce size and risk by a factor of 10 (from $5,700 down to $570 per strangle). Optional Stop-Loss: As the risk is confined to the premium, no stop-loss orders are required. Exit Strategies For a Long Strangle to yield substantial returns, timing the exit is crucial. Here are potential exit scenarios for this strategy: Profit-Taking Before Expiration: If Natural Gas experiences a significant price swing before the February expiration, consider taking profits which would further reduce the exposure to premium decay. Holding to Expiration: Alternatively, traders can hold both options to expiration if they anticipate further volatility or an extended price trend. Continuous Monitoring: The effectiveness of this strategy is closely tied to the persistence of volatility in Natural Gas. Keep an eye on Fundamental Updates in USNGSC as any unexpected changes in natural gas stocks data can lead to sharp price adjustments, increasing the potential for profitability. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com - This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. Also, some of the calculations and analytics used in this article have been derived using the QuikStrike® tool available on the CME Group website. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
NYMEX:NG1!Education
by traddictiv
GBP/CAD D1: Potential Breakout from Rising Wedge with Double TopOn the daily chart of GBP/CAD, I’ve identified a Rising Wedge pattern with a Double Top formation within it, signaling a strong potential for a significant bearish movement. A similar pattern previously occurred on September 9, 2023, when a bearish breakout from the Rising Wedge was confirmed by a double top, followed by a sharp downtrend. Currently, the same pattern has reappeared, with the price forming the second peak of the double top, but a breakout confirmation is still pending. The next price movement is illustrated by blue arrows, indicating the expected downward direction if a breakout occurs. Additionally, the breakout area is marked with a red rectangle to clarify the critical support level that needs to be breached, while the double top’s peak is highlighted with an orange circle to emphasize this key pattern level. The strategy plan here is to wait for a breakout below the Rising Wedge support line to open a sell position. The profit target is set at the 1.7310 level, with a stop loss placed above the double top level, around 1.8200. If a breakout confirmation occurs, the bearish movement is expected to drive the price closer to the set profit target.
Short
by DNP-FX
DOGE ANALYSIS🔮 #DOGE Analysis 💰💰 🌟🚀In 4hr chart we can see a formation "Descending Wedge Pattern in #DOGE. Also there is a breakout of the pattern. We would see a small retest towards it's crucial support zone and then we could expect a reversal 🔖 Current Price: $0.15800 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #DOGE. 🚀💸 #DOGE #Cryptocurrency #DYOR #PotentialBreakout
Long
by ZEUS_Market_Alerts
BTC: ATH Imminent? U.S. Election Could Be the Catalyst!Hey everyone! If you’re finding value in this analysis, don’t forget to hit that 👍 and follow for more updates! Welcome to this BTC Update! BTC has broken out of the parallel channel on the daily time frame and is currently hovering near the retest area. The market has been unusually quiet lately—this feels like the calm before the storm, and I’m anticipating a major pump from here. It seems the whole market is waiting on the outcome of the U.S. elections. After the election, I expect BTC to break its ATH, aiming for $90k-$100k by year-end. Invalidation: Daily close below the $64.8k level. What’s your take on BTC’s current price action? Are you spotting this bullish setup too? Share your analysis in the comments, and let’s ride this wave together!
Long
by CoreCrypto1
rally that is slow taking offwe have broken out of the channel weekly and are trying to confirm another higher daily low in the pattern. sequencer has not completed its bull exhaustion pattern, and we havent lost trama although it isnt rising yet. supertrend is still in a holding pattern, but the larger move hasnt brought us down to signal at this top yet. new all time highs are still the target, and i wouldnt be surprised to see this confirm a breakout and head toward $79k. im interested in smaller moves, and ill be using BITO during normal trading hours.
BITSTAMP:BTCUSDLong
by cerealindicator
Bitcoin's Big Move: Is a Bullish Breakout Brewing?Hello CryptoTalk-ET fams, it's such a long time since we posted in here. Hope you guys are all fine and that this message will find you. Today we are going to look on Bitcoin's higher timeframe movements by which it seems an appropriate time to drop a reminder on the bullishness of the giant of all cryptos. Let's dive into today's insight. As we look at the Bitcoin chart, it’s hard not to get excited about what might be unfolding. In the world of trading, sometimes a chart tells a story, and this one is whispering bullish potential. If you’re a long-term Bitcoin enthusiast, this might be the setup you’ve been waiting for. The Setup: Consolidation Ready to Explode? First, let’s talk about that long consolidation phase. Imagine a coiled spring being pressed tighter and tighter — eventually, it’s going to snap back with some serious force. That’s what Bitcoin’s price has been doing over the last several months. Trading within the confines of that blue channel, BTC has been building up potential energy, and now, it looks like it’s ready to let loose. This phase of sideways movement is what traders call “accumulation” — a period where the market is gathering strength, waiting for the right moment to break free. On the chart, it’s clear that Bitcoin has now broken out of this consolidation channel, a powerful bullish signal. The Bullish Blueprint: A Classic Chart Pattern If you zoom in, you’ll notice a pattern that any technical analysis enthusiast will recognize: a series of higher highs and higher lows, reminiscent of the classic Elliott Wave structure. In simpler terms, Bitcoin is moving in an uptrend, creating stepping stones higher and higher. But this isn’t just any ordinary uptrend. The breakout from the blue trendlines suggests that Bitcoin is poised for a larger, more sustained movement. This kind of setup often signals the beginning of a new bullish phase, particularly on higher time frames. The $100,000 Target: Just Dreaming? Now, let’s address the elephant in the room: that big, green box near the $100,000 mark labeled as the take-profit zone. Yes, you read that right — six figures. This isn’t some wild, unrealistic moonshot target. Based on this chart setup and Bitcoin’s historical price patterns, $100,000 could actually be within reach. The logic here is simple. With the breakout from consolidation, Bitcoin has cleared an important resistance zone. If the current momentum holds, we could be looking at a classic “breakout and run” scenario, where prices don’t just rise but do so with conviction. Risk Management: Keeping It Smart Of course, with any trade, it’s essential to have a solid plan. This chart doesn’t just suggest a potential entry point; it also highlights a stop-loss level around the $59,982 mark. For traders, this is crucial. You want to ride the waves, but you also need a life raft if things don’t go as planned. The beauty of this setup lies in its risk-to-reward ratio. With the stop-loss in place, you know exactly how much you’re putting on the line, while the potential reward — a run toward $100,000 — could be several times that risk. Volume: The Secret Ingredient Here’s something interesting: Take a look at the volume bars at the bottom, particularly the ones marked by the red circle. Volume often tells the real story in trading. Think of it as the heartbeat of the market — when volume spikes, it means more traders are getting involved, more energy is being pumped into the move. And during the consolidation phase, if those volume spikes comes in at any point of time it will confirm us that we are in an accumulation phase, where big players were quietly positioning themselves. This accumulation phase is often the precursor to a major breakout. So when the volume starts to increase in sync with a price breakout, it’s usually a bullish sign. It means that more and more traders are putting their chips on the table, betting on higher prices. By this our priority to make ourselves in a better position will be making sure those volume bars are gaining an increment in length. Final Thoughts: A Bullish Journey Ahead? If this setup unfolds as anticipated, Bitcoin could be on the verge of an impressive rally. The structure is solid, the breakout is clear, and when the volume confirms it — we can say all signs are pointing toward a bullish continuation in the higher time frames. Of course, as with any market, there are no guarantees. But for those who believe in Bitcoin’s long-term potential, this could be a rare opportunity to catch a trend that’s been building up for months. Keep an eye on that entry point, monitor the volume, and let’s see if Bitcoin’s bullish journey toward six figures finally begins. Remember even though this doesn't mean we are already in the bullish move it feels like Bitcoin is showing all the possible bullish sentiments towards the market. That being said though we are still in an immature market in which needs a really heavy inspection and risk management tricks we need to consider that we might be seeing a further lower correction if the bears persist their position. Besides that we need the total sentiment to change in real time since we need to see a tangible movement of the volume. Hope we will be watching that in the near future since we are in a US election year. Are we ready for the ride? Buckle up — this could be the start of something big. 🚀 Stay tuned. More updates will be coming in.
Long
by cryptotalk_et
1
Amazon - The +150% All Time High Breakout!Amazon ( NASDAQ:AMZN ) is hugging the previous all time high: Click chart above to see the detailed analysis👆🏻 Amazon has been moving sideways for almost four years, consolidating between support and the previous all time high. After retesting the resistance over and over again, it is just a matter of time until Amazon will break the previous all time high and start its next major bullish cycle. Levels to watch: $190, $500 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMZNLong
by basictradingtv
9
Bitcoin Daily Chart -Indicates selling, it needs to rocket soon Bitcoin BTCUSD since arriving back up at the triple-top high zone and it would seem is preparing to launch a breakout of its price to all new higher-highs and higher lows, but perhaps Bitcoin's consolidation and a lack of higher prices the past couple of days this week, is starting to make BTCUSD look a bit weaker for a Short opportunity. No I don't think the Bitcoin price is going down with a huge sell margin, no price is simply in the 'squeeze' right now and we will see a gradual downward drift in price as consolidating price action occurs, and to a key support level or demand block, buyers will step-in at reduced Bitcoin prices and they will take advantage of a price that Bitcoin is likely to never revisit ever again.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
Amd - Break, Retest And New All Time Highs!Amd ( NASDAQ:AMD ) is about to start another +100% rally: Click chart above to see the detailed analysis👆🏻 Amd just retested and rejected a major previous horizontal structure and is starting the next major bullish wave towards the upside. Looking at previous cycles and the rising channel pattern, it is quite likely that Amd will follow Nvidia and create new all time highs soon. Levels to watch: $130, $270 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMDLong
by basictradingtv
4