Chart Patterns
SPY/QQQ Plan Your Trade For 11-12 : Top/Resistance PatternToday's video is filled with great content.
Near the end of the video, I review the 11 SPDR sectors related to my deep research into my Anomaly price pattern.
Right now, I see the markets as very over-extended (overbought). I believe the markets will attempt to contact over the next 15-20+ days - setting up a base/bottom before a very late-stage Santa Rally sets up.
I've been very busy over the past few day and have a family member in the hospital right now. So, I'll be away from my PC for a bit today.
Remember, protect capital at all times.
I've been getting messages from people suggesting some traders are trying to go ALL-IN on some of these bigger price moves.
My suggestion more than three weeks ago (and even right now), is you should be in 85% CASH unless you can take the LUMPS related to trading through a hotly contested election event.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BTCUSDT ProjectionBTCUSDT is likely forming a clear inverted head and shoulders on the smaller timeframe. As this chart pattern develops, the price could break above the neckline. However, there are two key level zones (a fibonacci cluster from the mid-timeframe) around 88K.
IF 88K breaks upwards it could lead to a new ATH, potentially around 95K. But, IF the price faces rejection, strong demand awaits around 84K, where a retest of multiple EMAs would provide good support for an upward move.
For everyone, trade carefully and wait until this movement is complete, especially with the Fed chairman scheduled to speak on the 15th, which will likely impact BTCUSDT.
TRADE AT YOUR OWN RISK.
$SUN sun just signaled a break out of falling channelSET:SUN has been on a down trend for Months!
Current Price: 0.020
Price action has continued in it's falling Channel and recently just broke slightly out of it!
Expecting Price Action to continue upwards.
#SUN Targets: 0.024, 0.032, 0.041
This Idea Invalidates under 0.0189
Puff / UsdtBYBIT:PUFFUSDT
**📊 Current Price:** 0.3294
- **If the price fails to hold at 0.3294:**
⬇️ **Next support levels:**
- 0.2499
- 0.1500
- **If the price holds at 0.3294 (Support level):**
⬆️ **Next resistance levels:**
- 0.4500 (First resistance)
- 🚀 **In strong momentum, next resistance levels:**
- 0.5432
- 0.6666
- 0.7733 (Potential higher resistance)
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**🔑 Key takeaway:**
- If the price holds above 0.3294, it may push towards the higher resistance levels (like 0.5432 and beyond).
- If it falls below 0.3294, expect a potential retrace to 0.2499 or even 0.1500.
Always consider **volume**, **news**, and **broader market trends** for a fuller picture. 📈🌐
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**⚠️ Disclaimer:**
This is not financial advice, just analysis. Please do your own research and make informed decisions! 🧠💡
NFPrompt Breaks Ending Diagonal: 600% TargetNFPUSDT (NFPrompt) is now breaking out (bullish) from an ending diagonal. Trading volume is starting to rise and is the highest since July 2024, when the ending diagonal pattern started to develop.
A break of EMA55 as resistance already happened and the last seven days have been up with only two days of consolidation. The wait is over. NFPUSDT is preparing for massive growth.
We have two targets on the chart. 200% is the first an easy target. This move that is already developing can reach 600% mid-term, within 1-3 months. It will grow fast.
Thanks a lot for your support.
Namaste.
NEIROETH → The coin is one step away from rallying ↑BINANCE:NEIROETHUSDT.P consolidates before a possible takeoff. The potential of the cryptocurrency market is beginning to unfold amid the excitement surrounding Trump's victory
While bitcoin is hitting all-time highs, some altcoins are still considered extremely undervalued.
NEIROETH is coming out of accumulation (triangle) but faces a strong liquidity zone. The coin continues to accumulate potential, but with a hint of resistance breakout. The key liquidity zone is 0.1150.
Technically, the picture on the chart is shaping up to be extremely bullish: no renewal of lows, strong consolidations and strong support levels.
Resistance levels: 0.1150, 0.1400
Support levels: 0.0923, 0.067
I do not exclude the possibility of support retest and formation of a false breakdown before further growth. But in any case, a break of the key liquidity zone at 0.115 may trigger a rally.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:NEIROETHUSDT.P ;)
Regards R. Linda!
BANKNIFTY: INSTITUTIONAL LEVELS FOR 12/11/2024Overview
This trading system combines simplicity with powerful insights for accurate entries and exits. It is structured for active traders using the 5-minute timeframe who want to make clear, confident trading decisions in fast-moving markets.
Key Strategy Guidelines
Retest Entries : Aim to enter trades on retests rather than breakouts, offering better positioning.
Multiple Confirmations : Use more than one confirmation to validate each trade, helping avoid impulsive decisions.
ATM Options Focus : Stick to at-the-money (ATM) options or above for optimal liquidity and manageable risk.
System Explanation
This setup leverages volume, historical price action, and price ranges to pinpoint high-probability entry and exit points. This methodology is designed to reduce guesswork, allowing traders to manage trades with a consistent approach.
How It Works: Entry/Exit Signals
Blue Line : Signals potential long entry.
Red Line : Indicates potential short entry.
Tip : Align these signals with additional confirmations from your trading strategy for optimal performance.
Stop Loss and Take Profit Levels
Stop Loss:
Long Trades : Set your stop loss at the nearest red line below the entry point, or adjust based on whether the 5-minute candle crosses the red line.
Short Trades : Use the blue line above as the stop loss.
Take Profit:
Long Entries :Target the next red line above or exit if other indicators suggest a prudent exit.
Short Entries :Target the next blue line below following similar guidelines.
Timeframe Recommendation
This system is specifically optimized for the 5-minute timeframe, making it suitable for those trading shorter intervals with precision.
Risk Disclaimer
Trading involves high risk, and rapid price changes can lead to unexpected losses. Only trade with capital you can afford to lose, and carefully assess your financial situation and risk tolerance.
Join the Community Discussion
Engage with other traders to discuss strategies, share insights, and enhance your understanding of the markets. Let’s grow together as a community of traders.
Original Content
This trading system is the product of my own expertise and rigorous testing. It’s a unique approach developed through real market experience to offer a clear edge in trading.
Bitcoin (BTC): New Day New ATH!! = possible liquidity hunting!Bitcoin has broken all the zones and still keeps on pushing.
At this point it is hard to predict a possible resistance zone for bitcoin as we don't have any liquidity on upper zones as of now and people are all in on buys.
Despite that, there is one resistance zone at $100,000 (which we call a psychological resistance zone).
This 6-figure number is like a meme for Bitcoin and will be reached sooner or later (especially since we are so close to it).
Never the less, we also see that from the previous ATH zone, we have broken nicely all the zones, but yet we did not secure them!
With that being said, we are looking for 2 possible scenarios here where both should end up re-testing the broken zone at $71K after what we should see another parabolical movement to upper zones to test the ATH zone!
Swallow Team