Chart Patterns
btcusd on bearish reverse below 92130#BTCUSD on multiple reverse, now we exercise drop below 92130 for longer sell till 90k-89k but market price sell can start at current price ,above 93800 buy can still move. Overall move on #BTC can take correction if price falls 92130 back to 93k-94k. Selling at 92130, SL 92800 TP 90k 89k
nifty view for 24/12/24Daily Time Frame
Price is moving around 200 MA and price might take support from here
20 EMA is moving below 50 EMA and RSI is bearish
Hourly Time Frame
20 EMA and 50 EMA are below 200 MA and 20 EMA can act as resistance
RSI is bearish
MACD is in bull's favor
15 min Time Frame
50 EMA can act resistance
RSI is also bearish
ONLY MACD in bull's favor
overall I am bearish for tomorrow, but opening candle is very important, opening candle can change the direction.
GOLD POSSIBLE SELLThe market is currently testing the current Daily 0.618Fib area. Based on 4HR TF, the market seems to be forming a possible reversal pattern.
We could see SELLERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
The Samourai, The Sun And The Dead ValleyAs the Sun was starting to rise,
After so many years excluding compromises,
The samurai, at the end of the dead valley arrives,
Looking to warm his heart after taking so many lives,
He quickly realized when the sun rays hurt his eyes,
That all his will to conquer and to rise,
Was nothing more than something written in the stars,
Seeing the truth, he couldn't handle the cries,
But the samurai already defeated and healed the scars,
So the reality couldn't hit him differently otherwise,
The new credo was set and he sweared by it to live and die:
"Abandon all doubts at the door of Truth"
XAUUSD Accumulation almost over. Strong rally expected to $3000.XAUUSD (Gold) is having the market worried lately as it hasn't made a new High since October 30. Instead it has been consolidating since the November 14 Low and even broke below the 1D MA100 (green trend-line) last week.
This is far from alarming though, as the long-term pattern remains a Channel Up since the October 06 2023 bottom and in fact the current level presents a strong long-term buy opportunity as a Higher Low formation of the pattern.
As you can see, each of the 3 Bullish Legs of the Channel Up have rallied by around +20% but first they consolidated after first breaking below the 1D MA50 (blue trend-line) for 1 month. Even the RSI sequences between their fractals are identical.
As a result, we believe that Gold may start the new Bullish Leg (4th) as early as late this week or next one and rally by at least +18.65% (rise of Bullish Leg 1), targeting $3000.
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Gold H4 Long / Short AnalysisGold Price Analysis: Buying Opportunity Arises!
The gold price is consolidating below $2,600, nearing a one-month low. However, with the Fed's cautious policy easing, a potential buying opportunity arises.
We've identified two potential trading opportunities in the gold market:
SELL Opportunity
Sell Gold at: 2652
Target: 2610
Stoploss: 2660
BUY Opportunity
Buy Gold at: 2605
Target: 2700
Stoploss: 2600
Stay ahead of the market with our expert analysis!"
Best wishes Tom 😎
BTC turns down from high position
BTC is still in a five-wave downward structure, and the overall trend is bearish. Since yesterday, it has been in a weak adjustment stage in the short term, and the price fluctuation has significantly weakened. 92000 below is still a strong support level. If it falls below this position, it may pull back to the starting area of the previous rise, further confirming the bearish trend. In the short term, the 4-wave low point above forms a strong suppression. If the price fails to break through this resistance, the short-term idea is still dominant.
If you have not entered the market yet, you can consider looking for short-selling opportunities in the rebound of the 95000-95600 range, and the stop loss is set near 97000. The downside targets are TP92000, TP88000 and TP86000 respectively.
In general, although the short-term price fluctuation has decreased, the weak adjustment trend has not changed. It is still necessary to pay attention to the performance of key support levels. Breaking through these supports may accelerate the callback process.
If you have different opinions, please leave your views. Like and leave a message. Thank you for your support!
$USUAL - One of the Top DeFi TokenUSUAL (usualmoney) skyrocketed, with a massive 644% increase in just one month since it hit the market.
Usualmoney is like an on-chain version of Tether or Circle, but it actually shares its revenue with token holders.
Usual is all about issuing stablecoins backed by real-world assets (RWA), and they're big on giving back to their community through the USUAL token.
We're seeing a huge shift in RWA stablecoins, with $USUAL hitting 1B dollar in TVL thanks to backing from Binance and Kraken. Binance Labs threw some serious cash at $USUAL, investing in @usualmoney.
No doubt, this is one of the top DeFi tokens out there.
TECHNICAL OUTLOOK:
Price failed to break its ATH and is now gently correcting.
It would be a perfect entry if we can retest the 4-hour demand around 0.87 to 0.80, in confluence also with our golden zone fib level.
Dynamic Trio: $85K, Trendline, and EMA in FocusThe $85,000 level is a key confluence zone, combining horizontal support, the rising trendline, and the 100 EMA as dynamic support.
This area is critical for potential bullish momentum. Monitor closely for price reactions, as holding this level could trigger a bounce, while a breakdown may lead to further downside.
Could the Silver drop from hereThe price is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support level which acts as a pullback support.
Pivot: 29.83
1st Support: 28.81
1st Resistance: 30.73
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.
Could the price reverse from here?GBP/CHF is reacting off the pivot and could drop to the 1st support.
Pivot: 1.1262
1st Support: 1.1188
1st Resistance: 1.1314
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.
Why NVDA was not a good candidate for Selling Short last weekBy Friday last week in NASDAQ:NVDA , Support of the Market created an inside day to reversal rebound white candle that engulfed, indicating that the minor drop down out of this trading range was just that: a minor slip of price to below fundamental levels.
Volume was well above average and Volume Oscillators--TSV, TTVA or Chaikin Osc--ticked up along with money inflows. Never assume that a break to the downside from a stable sideways trend is going to continue down. Inside days are no longer a "sure thing" for selling short.
Along with support from a bottom formation, the minor nudge before the black candle that dropped below the low of the sideways trend also was a factor in determining that NVDA was not going to run down. Sell short risk was exceedingly high based on these factors.