Get started

Community ideas

NVDA - Never regret taking profits !1) Everyone and their granny has heard of Nvdia by now. Lots of new retail traders are pulling into this name as the craze continues. My none-trader/investor friends have started asking if it's a good idea to "invest" now. That's a big red flag ! (My answer is no!) Remember, retail investors always come in last and hold the bags when the stock sells off. 2) Fundamentals have started to degrade across the board in the US markets and lots of names started to go lower. Small caps are incapable of making a new high and have made what seems to be a corrective move up since April. It's then a matter of time before the king follows. 3) Looking at the Elliott Wave count, we can clearly see that we're in a fifth wave, which for those that do not know, is the final move up before we see a considerable correction. RSI, MACD (or your fav oscillator) shows divergence which happens between wave 3 and 5. 4) On the smaller time frame, we can hope for a continuation higher, but, the upside is limited to probably less than +20% seen that we've finished (are finishing) the extended third of a third wave, which is the sharpest and longest. So, It's not a bad idea to start taking profits. I'll close 75% of my longs now. The rest on a drop below 1070$ or a move close to 1300$
NASDAQ:NVDA
by ElliottWaveBelgium
17
DOGE Ready for next expansion stage. Happy Monday traders! Today we are taking a look at the All Time History of DOGE coin. Before we look at eh price action of DOGE lets take a trip down memory lane and give you some history of this coin. Doge: Much Coin, Very History Doge, in internet meme culture, refers to a photo of a Shiba Inu dog with multicolored Comic Sans text captions representing the dog's thoughts. This meme became wildly popular in the early 2010s, inspiring. Yet, most have never looked up the true meaning of the word DOGE. Dogecoin (DOGE), launched in December 2013 by software engineers Billy Markus and Jackson Palmer. It was created as a lighthearted parody of the seriousness surrounding Bitcoin and other cryptocurrencies at the time. They built Dogecoin using Litecoin's open-source code, which itself stemmed from Bitcoin. Dogecoin quickly gained a loyal following, especially on sites like Reddit, where it became a popular tipping currency for content creators. Despite its comedic origins, DOGE achieved surprising success. Here are some milestones: Instant popularity: Over a million visitors flocked to Dogecoin.com within the first month. Community focus: Dogecoin fosters a fun and inclusive online community, a stark contrast to some other cryptocurrencies. Elon Musk effect: Celebrity endorsements, particularly from Elon Musk, have caused the price of DOGE to fluctuate dramatically. Highs and lows: In 2021, DOGE reached a peak market capitalization of over $85 billion, but its value remains volatile. DOGE Definition: The chief magistrate in the former Italian republics of Venice and Genoa, known as the Doge (pronounced DOZH), held a complex and multifaceted role. Fun fact, Coins minted by the republic often featured the Doge's image or an abbreviation of their name. This served as a symbolic stamp of approval and helped ensure public trust in the currency. Today, Dogecoin remains a prominent cryptocurrency, though its price is significantly lower than its 2021 highs it may be repeating its historical gains very soon. Whether it's intention was to be a serious contender in the future or a lasting internet joke, DOGE's place in crypto history is secure. What do the charts say Looking at the all time history of this coin we can see that the price action has created two previous run ups producing over 21,000% gains between 2015 and 2017 and again reaching for the sky and touching over 50,000% gains during the 2020/2021 crypto bull market. Each cycle DOGE has nearly mimicked its prior cycles bear market, accumulation period and eventually, a mind melting bull run. As you can see on the chart we have completed the bear market and are currently breaking out of accumulation. My personal Targets for DOGE are $4.20, $10.10 and $12.00. If Doge did just half of the gains it did last run it would reach a total of over $12. With rumors shooting around the internet that Elon may add DOGE as the local currency for the X platform and this being a real possibility, I think it is counterproductive to think these type of gains are not in the cards. Much profits, Savvy
CRYPTO:DOGEUSDLong
by Crypto_Kinfolk
14
XAUUSD | GOLDSPOT | New perspective | follow-up detailsGold has delivered impressive gains of over 18% so far in 2024, and June looks promising for investors. With finite supply and fluctuating demand, gold prices are sensitive to economic and geopolitical news. This video dives deep into the current market dynamics and what to expect in the coming month. In June, geopolitical unrest could significantly impact gold prices. Any major news on this front may push gold prices higher. On Friday, gold retraced to our key level at the $2,325 zone, undoing gains made after the release of the US Personal Consumption Expenditure (PCE) data for April. This report, showing cooling core price pressures (0.2% month-over-month, down from 0.3%), suggests a higher likelihood of the Fed cutting interest rates sooner. Lower interest rates are typically positive for gold, reducing the opportunity cost of holding this non-yielding asset. However, US interest-rate expectations are just one piece of the puzzle. Gold demand is also being driven by Asian buyers hedging against their depreciating currencies. Fund flows into Chinese gold ETFs are rising at the fastest pace since April, even amid surging US yields. This trend indicates that the US Dollar's strength may not be as negatively correlated with gold as it was in the past. In this video, we'll explore how to navigate these complex market dynamics as we prepare for an active trading month. Expect increased trading activity as fund managers and investors rebalance portfolios to meet allocation targets or adjust for market performance. XAUUSD Technical Overview: In this video, we take a detailed look at the XAUUSD chart, combining both technical and fundamental perspectives. Our attention is fixed on the critical $2,325 level for the upcoming week, historically significant and poised to steer trading dynamics. A sustained momentum above this mark could fuel further buying interest, potentially paving the way for fresh highs. Conversely, a bearish tilt below $2,325 might signal a resurgence of bearish sentiment. Join me as we break down these factors and explore potential trading opportunities in the gold market. Don't forget to like, subscribe, and hit the notification bell to stay updated with my latest analysis and insights. #GoldMarket #GoldInvestment #GeopoliticalImpact #InterestRates #AsianDemand #GoldETFs #MarketAnalysis #Investing #TradingTips📺🔔💼 Disclaimer Notice: Trading in the foreign exchange market and other instruments carries high risk and may not be suitable for all investors. The content provided here is for educational purposes only. Evaluate your financial situation and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
E
by darcsherry
26
The Epic GameStop Saga: How Retail Traders Toppled Hedge FundsThe story of GameStop (GME) and Wall Street Bets is one for the history books. 🏆 This tale of David vs. Goliath saw everyday retail traders take on some of the most powerful hedge funds on Wall Street, and win—at least for a while. Let's dive into this rollercoaster of financial drama, where memes, emojis, and Reddit posts became weapons of choice. The Rise of the Retail Trader 💪 It all started on a subreddit called Wall Street Bets (WSB), where a group of retail traders noticed something peculiar about GameStop. Hedge funds like Melvin Capital were heavily shorting the stock, betting that its price would fall. But the WSB community saw an opportunity. By banding together, they could drive up the stock price, forcing the hedge funds to buy back shares at higher prices to cover their shorts—a process known as short covering. Short Covering Explained 🧠 For the uninitiated, short covering happens when traders who have shorted a stock (sold it hoping to buy it back at a lower price) must buy back shares as the price rises, to limit their losses. This buying pressure can further drive up the stock price, creating a feedback loop of rising prices and more buying. The Showdown 🥊 In January 2021, the WSB crowd launched their coordinated buying spree, and GameStop's stock price skyrocketed from around $20 to a peak of $483. Hedge funds were caught off guard. Melvin Capital, one of the primary short-sellers, faced massive losses. Enter Citadel, a large hedge fund, which stepped in to bail out Melvin Capital with a hefty cash infusion. But the damage was done. Retail traders had won a significant battle, showcasing their power to move markets. Fast Forward to Today ⏩ Fast forward to today, and the GameStop frenzy has simmered down, but the stock's legacy remains. Currently, the sentiment around GameStop is neutral. The put/call ratio, a measure of market sentiment, indicates that traders are neither overwhelmingly bullish nor bearish. They're getting out of the stock, which reflects a stabilizing interest. GameStop's price has recently dipped below a monthly supply zone of $40 per share, signaling a critical point in its trading activity. However, there's significant buying interest at around $10 per share. This suggests that if the stock drops to this level, we might see renewed buying activity. What’s Next? 📅 Looking ahead, GameStop's earnings report on June 11th will be crucial. Investors and traders alike will be watching closely to see how the company is performing financially. This report could either stabilize the stock or create new waves of volatility. The Legacy 🌟 The GameStop saga is more than just a story about stock prices. It's about the power of the collective, the impact of social media on financial markets, and the democratization of trading. Retail traders showed that they could band together and challenge the titans of Wall Street. And they did it with a sense of humor, using memes and emojis to rally the troops. So, what's the takeaway? Whether you're a retail trader or a hedge fund manager, the GameStop episode is a reminder that in the stock market, anything can happen. And sometimes, the little guys can win big. 🚀💥
N
by Mike_SnD
14
Solana (SOL): Will it Rebound Back to $170 or Slip Down to $150?With the resurgence of memecoin mania, Solana also received significant momentum. The bulls used all their strength to keep the value above $180 but the growing bearish strength caused a notable pullback. As a result, the SOL price is consolidating strongly within a narrow range of $163 to $172, indicating the possibility of a large move ahead. While the crypto markets have been outpowered by the bears, can the SOL price initiate a fresh upswing to nullify the selling pressure? Ever since the start of the rally in March, the SOL price has demonstrated its strength by marking highs above $200 a couple of times. However, a rejection followed, causing a 40% loss in value. Regardless of this, the current trade set-up suggests the bulls to be holding a tight grip over the rally and hence demonstrate a higher possibility of reclaiming $180 in the first few days of June. As suggested in the above chart, the SOL price continues its trade within a symmetrical triangle and is currently holding above the local support zone between $155 and $160. The tight accumulation has occurred due to the equal participation of the bulls and bears and hence this suggests a huge price action could be on the horizon. Besides, the technicals suggest a notable change in the trend as the Gaussian channel just turned green, indicating the beginning of an upswing. Moreover, the price is closely ranging just below the upper bands of the channel and if they manage to break above the levels, a fresh upswing may begin. Secondly, the stochastic RSI has also reached below the lower threshold and could be preparing for a rebound, substantiating the bullish claim. Therefore, Solana’s (SOL) price continues to remain within bullish influence and hence a bullish breakout above $175 may be expected at the beginning of the second half of 2024. WHITEBIT:SOLUSDT
Long
by paul_endeo
36
SPY Fibonacci Price Theory And BreakOut BarsThis instructional video teaches you the basics of Fibonacci Price Theory in conjunction with Breakout Bars and how price is the ultimate indicator. Throughout this video, I try to provide instruction on key elements related to the Fibonacci Price Theory (Unique & Standout Highs/Lows). Additionally, I've also included Breakout Bars and Fibonacci Price Retracement concepts. What I really hope you learn from this video is to see price as the true ultimate indicator for your trading decisions. Using technical analysis techniques is fine, but use price as the key element when trying to confirm or reject your trading ideas. I hope this helps you understand that price, action, and reaction through trends, peaks, and troughs are the most important components of the chart. Everything else is peripheral.
AEducation
by BradMatheny
3
New Product Launch: How to Use TradingView OptionsWe’ve rolled out our newest product and we’re eager to brag about it! It’s an options platform — TradingView Options. More precisely, it’s a powerful set of tools for options traders who want to keep a close eye on every little detail and fine-tune their strategy to perfection. What Are Options? Options are financial derivatives that give the buyer the right, but not the obligation, to buy or sell the underlying asset at a set price within a set period. TradingView Options TradingView Options is designed to illuminate your options trading strategy from the first step to the last one. Get razor-sharp options strategies on gold futures ( COMEX-GC1! ), oil futures ( NYMEX-CL1! ), and many more. Let’s break it down and discuss what it's about. For starters, you’ve got three key components — Strategy Builder, Options Chain, and Volatility Analysis. 1. Strategy Builder Create, test and visualize options strategies with real-time data. Use pre-built strategies filtered by bullish, bearish, or neutral outlooks. Customize strategies with adjustable parameters like expiration dates and strike prices. Get estimates for max profit, max loss, win rate, and more. Compare multiple strategies on a single chart for performance analysis. 2. Options Chain Options chains are broken down into two sections — calls and puts. Strike price is displayed in the center column — it’s where the put or call can be exercised. Next to Strike is IV, %, which stands for Implied Volatility in percentages. Measure options risk with the Greeks: Delta, Gamma, Theta, Vega, and Rho. Easily switch underlying assets with a simple symbol search at the top left. 3. Volatility Analyze market volatility to understand potential price movements and risks. Market Coverage Currently, TradingView Options supports options contracts from major exchanges including CME and its subsidiaries NYMEX, COMEX, and CBOT, alongside NSE , and BSE . Conclusion The new options trading tools by TradingView empower traders with the data and analytical capabilities needed to whip up high-probability strategies and explore new opportunities for profit in global markets. Are you an options trader? What’s your trading style? Let us know in the comments!
NEducation
by TradingView
44
Is Bitcoin a leading indicator of inflation?INDEX:BTCUSD Bitcoin is regarded (in some circles) as both a store of value and an inflation hedge. But what if Bitcoin is a leading indicator of inflation? In the chart shown, we can see the various Bitcoin peaks over the years preceding local peaks in US CPI (orange). The US interest rate is in blue. The last 4 peaks in US CPI YoY have occurred between 6.4 and 8.5 months after a peak in Bitcoin's price. Specifically: June 2016 high - 37 weeks (8.5 months) later at 2.7% December 2017 high - 28 weeks (6.4 months) later at 2.9% June 2019 high - 31 weeks (7.1 months later) at 2.5% November 2021 high - 33 weeks later (7.6 months later) at 9.1% It's also worth noting that the sequence of highs is the same; both BTC and CPI have a lower high, a higher high, lower high, then higher high. The peaks in 2011 and 2013 coincided with CPI highs 15 and 26 weeks later, but 2016/2017 was the time when crypto first entered the public's awareness. So why does this happen? Do Bitcoin whales buying lambos stimulate inflation? I'm joking, but I genuinely don't know, and I hope someone can explain lol. I've wondered if it's a case of correlation in that rising inflation is usually a sign of easy financial conditions—the ideal conditions for a risk asset like BTC to pump—with Bitcoin being the first to benefit as the ultimate risk asset (at least in the world of mainstream finance). I'm not sure though. The most concerning thing is the implication. We recently just made another all-time high in Bitcoin, but CPI sits at 3.4% at the time of writing, having moved sideways for almost a year now. As for whether this is a crazy coincidence, or me reaching to an astronomical degree, I don't know. The average period of time over these last 4 periods is 32 weeks, or around October/November time. The only catalysts I see are the US government spending money like it's going out of fashion and rising commodity prices. I'll also note that there doesn't seem to be any correlation with lows in inflation. Personal opinion on inflation: US inflation is stalling, rising, and falling across different measures. Producer prices, services inflation, annual PCE, and some core measures are tilting up. The only real decline recently has been core CPI. It's also interesting to note that 1 and 5-year Michigan inflation expectations are 3.3% and 3%, respectively. Multiple Fed officials have been hawkish lately: Fed's Barr: Q1 inflation was disappointing, it did not provide the confidence needed to ease monetary policy. Fed's Mester: Inflation risks are tilted to the upside. Fed's Bostic: It would not surprise me if it took longer to get to 2% inflation in the US than elsewhere. Given that we've reached a peak in interest rates (for the time being) but inflation has been moving sideways for around a year now, something has to change. It could be argued that monetary policy still needs time to work, but that doesn't really mesh with measures of inflation stalling or rising over the past year. Wouldn't the lag effect continue working to drive inflation lower? Likewise, why would the US economy be growing as fast as it is? One or more of three things will need to change: inflation, unemployment, or interest rates. Unemployment is at 3.9%, low by historical standards but rising since early 2022. Inflation, especially with what we've seen here, may also be on the rise soon. If the main lever the Fed has is monetary policy, it faces a dilemma. The data doesn't support a rate cut right now, while unemployment is rising slowly. If inflation begins to rise again, it may need to hike interest rates—not ideal when Joe desperately needs one for the upcoming election. This scenario of high inflation and high unemployment—stagflation—is what JPMorgan's CEO, Jamie Dimon, has been warning of : 'It’s a warning Dimon has issued before, previously saying he fears America is headed for a repeat of the 1970s when everything “felt great” and then quickly about-turned to a period of high unemployment and inflation paired with low demand, also known as “stagflation.” Appearing at AllianceBernstein’s Strategic Decisions conference on Wednesday, Dimon said he simply can’t see how the past five years of massive fiscal and monetary stimulus could result in anything other than this scenario. As it stands, the US dollar looks ready to surge higher and clear 2023 highs: While SPY and BTC, adjusted for inflation (CPI figure taken from first day of trading), sit below their 2021 highs: I am aware that the human tendency to look for patterns and confirmation bias may be clouding my judgement. However, in my view, the market is severely underestimating the risk of higher inflation and a potential interest rate hike, which I believe will drive the dollar higher throughout the rest of 2024. According to the Bitcoin chart, another wave of inflation could be back above 7%+. I personally find that hard to imagine, but second round effects in the 1970s saw inflation shoot past its previous peak. Deutsche Bank has drawn parallels with the 1970s . Long-term views: Long USD, Oil Short risk assets (equities, crypto) Unsure on gold and silver but skewed lower For these views to be truly validated, I would like to see: TVC:DXY above 105.75 NYMEX:CL1! above 84 AMEX:SPY below 494 NASDAQ:QQQ below 414 INDEX:BTCUSD below 56,500 This is not financial advice, nor a recommendation. I wrote this to bring attention to something strange I'd found, and strongly encourage you to do your own research. Thank you for reading.
I
by pasojov
23
Sell EURUSD Channel BreakoutThe EUR/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.0850, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.0819 2nd Support – 1.0805 Stop-Loss: To manage risk, place a stop-loss order above 1.0885 This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
19
BITCOIN - A detailed Important scenario of what will happen!Anyone who puts 2025 as the end of the cycle is wrong, in my view In this analysis, I will list for you all the next steps, starting from now. - Altcoins and Bitcoin will rise to 85k, and it will happen from here until the end of June - the beginning of July.... This will coincide with TOTAL3 reaching 900B - 1T. -There will be a strong correction for the entire market, and Bitcoin will return to 72k and TOTAL3 will return to 700B - 730B. - In the period between August and October, Bitcoin will rise alone, and alternative currencies will begin to rise slightly - Trump wins the US elections, and remember what he said two days ago regarding cryptocurrencies, and this would bring great positivity to the market. At the end of 2024 or the beginning of 2025, Bitcoin will reach 125k - 150k, and that will be the peak of that cycle, and your greed will then reach the sky, but don't take your profits... When that happens, you will find those calling for 200k for Bitcoin, or posts tells 1M for BTC ! Then the following will happen: - Distribution of bitcoins to ALTS for two or three weeks with great ALTseason...Greed will reach its peak, and I will be attacked and anyone who tells " this is the peak, and you must take your profits and make them 100% cash". - Then there will be a complete collapse of the market and the American markets, and a decline that will continue for years, and this collapse will be less severe for Bitcoin, reaching areas between 50k - 45k, and most other currencies will disappear completely (90-99% decline). best regard Ceciliones🎯
Long
by ceciliones
157
WTI Oil H4 | Falling to pullback supportWTI oil (USOIL) is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 79.94 which is a pullback support. Stop loss is at 79.00 which is a level that lies underneath the 23.6% Fibonacci retracement level. Take profit is at 82.41 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
FLong
by FXCM
8
Market is on its Upper Band - Its 2nd Camel HumpAll the major markets are testing their upper band channels since their first major hump in the 90s. The Russell 2000 has reached its second hump and is on the way down. Though the Russell 2000 is the least known among the four indices, it serves as a leading indicator for the other three. Why? The Russell 2000 comprises 2000 mid-sized listed companies, which I believe employ the largest workforce in the United States. This means their employees are also the mass consumers who use or buy products and services listed on the Nasdaq, S&P, and Dow Jones. When the Russell 2000 is not doing well, mass consumers tend to spend less, and the rest of the indices subsequently follow. Micro E-mini Futures & Options Ticker: MYM Minimum fluctuation: Outright: 1.0 index points = $0.50 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
TShort
by konhow
10