timing patterns on the 8D $BTCJust wanted to show a pattern that if it holds we are in for a nice percentage move from now to October 2025.
Community ideas
TradeCityPro | LDOUSDT The Layer 2 Leader with Highest TVL👋 Welcome to the TradeCityPro channel!
Let's explore LDO, the altcoin with the highest Total Value Locked (TVL) on Ethereum, and analyze potential triggers for spot and futures trades.
🌐 Market Overview
Bitcoin experienced a pullback during the New York session, accompanied by a rise in BTC dominance. This led to a deeper correction in altcoins, but the overall trend remains bullish.
📊 Weekly Timeframe
LDO, a relatively new altcoin, hasn’t experienced a full crypto bull run yet. Its ATH of $4.053 was fueled by the Layer 2 hype. Since then, it broke its weekly uptrend and dropped to $0.924.
LDO has been consolidating in a range between $0.924 and $1.339, forming an accumulation zone.
This week’s candle is attempting to break both the upper range and a descending trendline. A close above $1.339 could trigger a rally, with a stop-loss at $0.924.
📈 Daily Timeframe
After 110 days in the accumulation zone, LDO is breaking out above $1.345. Buyers are showing strength, as the price didn’t revisit the range’s lower boundary after the last rejection.
Likely to enter overbought rsi territory if the breakout sustains, signaling continuation of the uptrend.
For risk-takers, a stop-loss at $1.115 can be set for entries based on the daily timeframe.
⏱ 4-Hour Timeframe
The price is battling strong resistance at $1.408. Despite minor rejections, buyers remain dominant, with the price rebounding from the trendline support.
📈 Long Position Trigger:
Open a long position after a breakout above $1.408, confirmed by increased volume and RSI entering overbought levels.
📉 Short Position Trigger:
Even if short triggers appear, it's better to wait for pullbacks for long entries as the bullish momentum builds.
💡 BTC Pair Insight
Like most altcoins, LDO has been underperforming against Bitcoin. However, it’s attempting a recovery, starting from lower timeframes.
breakout above 0.0002083 BTC could signal a stronger rally against Bitcoin. However, current funds seem concentrated in other altcoins, so its pace might be slower for now.
LDO holds the largest stake in Ethereum, giving it potential to self-support in the short term :)
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Bullish bounce?The Kiwi (NZD/USD) is falling towards the pivot which acts as a pullback support and could bounce to the 1st support.
Pivot: 0.5772
1st support: 0.5657
1st Resistance: 0.5915
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XRP MID-TERM AND LONG TERM ANALISYSThere has been significant demand for analyzing Ripple.
Upon examining the chart, it seems that Ripple is currently within a running triangle.
Wave D may complete its movement by hunting the all-time high.
Afterward, we could see a correction for wave E, followed by Ripple's post-pattern movement targeting a level above $15.
Some might question whether Ripple can sustain such a market cap. We should emphasize that we rely on chart analysis and do not focus on fundamental issues, as fundamentals are reflected in the chart itself.
When we reach wave E of the triangle, if we observe a clear and identifiable pattern, we can position ourselves on Ripple for the main move.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Technical Analysis of BTC/USDT Charthello guys.
Cup and Handle Pattern: The chart displays a well-formed cup and handle pattern, a classic bullish continuation signal. The handle has broken out, confirming the pattern.
Target Projection: Using the depth of the cup, the target of the pattern is projected around $188,000.
Fibonacci Levels: Price has surpassed the 0.618 Fibonacci retracement level at $113,628, a strong bullish signal, with further resistance near $145,120 (0.5 Fibonacci extension).
Breakout Confirmation:
The breakout from the handle channel confirms bullish momentum.
The price is trading above the psychological level of $90,000, supported by high trading volume.
Trend Outlook: A bullish macro trend is indicated, driven by long-term upward momentum.
100% upside The Best Level to BUY/HOLD TSLA🔸Hello traders, today let's review 4hour chart for TSLA. Strong push
after the Trump elections victory recently, however expecting limited
upside immediately going forward TSLA facing strong overhead
resistance at 360/415 this will cap upside short-term.
🔸Almost 100% gains off the lows with this recent bullish rally,
so expecting pullback/correction on profit taking intro key S/R zone
at 360/415 usd. Having said that chart pattern looks strong and I expect
more future gains in TSLA after the pullback.
🔸Recommended strategy bulls: wait for TSLA to pullback after we hit
overhead resistance at/near 360/415 usd, best reload zone bulls is
265/275 usd this is also an area with liquidity gap so will get re-tested
before the bull run resumes. Final TP bulls +100% gains 500/550 USD.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Some top triggers are getting heatedThe NUPL (Net Unrealized Profit/Loss), RP (Realized Price), and to a lesser extent, the CVDD (Coin Value Days Destroyed) are getting close to triggering. The last time a few top indicators on the BTI got close to triggering, we had a pullback. I think we see a continued rally near-term, but then a pull-back to cool off the indicators before they fully trigger...but what do I know?
Notice that the risk has not yet reached 7, where the previous pull back occurred, but it is very close. Let's see if we are in a 2017 or a 2020-type cycle.
Note: Extrapolating to a CRYPTOCAP:BTC cycle top is very difficult, but I think the BTI is the best shot I can come up with to do that. Using the risk value and the triggers of multiple top indicators should allow us to get close.
CrowdStrike Report Earnings Next Week. What Do Its Charts Say?CrowdStrike NASDAQ:CRWD will release Q3 earnings next Tuesday (Nov. 26) after the bell, unveiling results for a quarter that included the cybersecurity company’s July software update that sparked a worldwide network outage. Let’s see what the stock’s technical and fundamentals say ahead of the report.
CrowdStrike’s Fundamental Analysis
CRWD’s July 19 meltdown affected an estimated 8.5 million computers worldwide, leaving thousands of businesses and government agencies unable to connect to their systems -- sometimes for days.
Some experts have described the incident as history’s worst computer outage, with published reports putting worldwide economic impacts at $10 billion.
The meltdown badly hit cloud-services provider Microsoft NASDAQ:MSFT , while it also paralyzed systems at Delta Air Lines NYSE:DAL for days. Delta and CrowdStrike have since sued each other.
Still, CrowdStrike impressed investors just weeks later in August when it reported Q2 results that included earnings and revenue beats.
While acknowledging those numbers covered the three-month period that preceded the July 19 meltdown, the results showed 31.7% year-over-year revenue growth for the quarter. Management also issued reduced yet respectable guidance for Q3 despite the fact that that period would include July’s outage and its immediate aftermath.
As I write this, the Street is looking for CrowdStrike to report $0.81 in adjusted earnings per share on $983 million of revenues for its latest quarter. Basically, Wall Street seems to have played it safe and kept its estimates within the guidance that management provided back in August.
Beyond CrowdStrike’s Q3 earnings and revenues, investors will keep their eyes on the company’s subscription-driven revenue growth, annually recurring revenue, adjusted gross margin and module-adoption rates.
The company’s Q2 numbers showed CRWD generated $1.3 billion in operating cash flow in the 12 months ended July 31.
That included $162.8 million of capital expenditure (or “capex”), leaving CrowdStrike with $1.2 billion of free cash flow. However, the firm has not returned capital to shareholders via dividends or share buybacks.
Looking over CRWD’s balance sheet, the company had $4.4 billion in cash as of July 31, with current assets totaling $5.9 billion.
Current liabilities added up to $2.7 billion, creating a 1.9 current ratio. That seems quite strong.
Also note that $2.4 billion of CrowdStrike’s current liabilities were in the form of unearned revenue, which isn’t a true financial obligation. If we adjust for this unearned revenue, the firm's current ratio as of July 31 would rise to 13.7 -- a truly jaw-dropping level as far as I’m concerned.
Meanwhile, the company’s total assets as of July 31 hit $7.2 billion, of which intangibles represented only about 13.3%.
Total liabilities less equity came to $4.3 billion, but that included $743 million in long-term debt that the firm could get rid of out of pocket if so desired. Another $745 million represented unearned credit.
CrowdStrike’s Technical Analysis
Here’s CrowdStrike’s chart going back roughly one year:
The chart shows a regression model of a trend that had been in place from January 2023 until CrowdStrike’s outage hit in July, which caused the stock to sell off.
July’s pullback took CRWD back to about $207.60 -- the 61.8% Fibonacci retracement level of its entire January 2023-July 2024 rally.
Now, let's zoom in on the past six months:
This chart shows CrowdStrike’s Fibonacci models drawn up in teal, with regression models for the stock in blue and red.
On this time scale, readers will see that when CRWD rebounded from its early August low, the stock hit resistance at the 61.8% Fibonacci retracement level of its January 2023-July 2024 move higher. However, CrowdStrike overcame that about two weeks ago.
The stock has also developed a second trend that fits neatly into a regression model.
CrowdStrike is heading into earnings trading above its 21-day Exponential Moving Average (or “EMA,” denoted with a green line), 50-day Simple Moving Average (or “SMA,” marked with a blue line) and 200-day SMA (denoted with a red line). That’s not a bad place to be.
Additionally, the stock's Relative Strength Index (the gray line at the chart’s top) looks very strong, but not quite overbought.
CrowdStrike’s daily Moving Average Convergence Divergence (or “MACD,” marked with black and gold lines and blue bars at the chart’s bottom) is leaning bullish as well.
The stock’s 12-day EMA (the black line) is above its 26-day EMA (the gold line) -- and both are above zero. So is the histogram of CrowdStrike’s 9-day EMA (denoted with blue bars).
For the purposes of trading CRWD going into and maybe out of earnings, all of the above created moving pivot at the current regression model’s upper trendline. That’s about $363 vs. the $357.55 that CrowdStrike closed at on Thursday.
But mind you, while breaking this level is the key to CrowdStrike seeing higher target prices, CRWD has also failed to break through this rising line five times since late August.
(Moomoo Markets Commentator Stephen “Sarge” Guilfoyle was long CRWD and MSFT at the time of writing this column.)
This article discusses technical analysis, other approaches, including fundamental analysis, may offer very different views. The examples provided are for illustrative purposes only and are not intended to be reflective of the results you can expect to achieve. Specific security charts used are for illustrative purposes only and are not a recommendation, offer to sell, or a solicitation of an offer to buy any security. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. This content is also not a research report and is not intended to serve as the basis for any investment decision. The information contained in this article does not purport to be a complete description of the securities, markets, or developments referred to in this material. Moomoo and its affiliates make no representation or warranty as to the article's adequacy, completeness, accuracy or timeliness for any particular purpose of the above content. Furthermore, there is no guarantee that any statements, estimates, price targets, opinions or forecasts provided herein will prove to be correct. Moomoo is a financial information and trading app offered by Moomoo Technologies Inc. In the U.S., investment products and services on Moomoo are offered by Moomoo Financial Inc., Member FINRA/SIPC.
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Understanding Leverage in Forex: Steep Risks and Big RewardsLeverage is the not-so-secret sauce to accelerate your gains at breakneck speed or blow up the entire operation if you don’t know what you’re doing (or you just want too much.) It’s a simple concept with profound implications—a multiplier that lets traders control positions far larger than the capital they actually have. Sounds like a dream, right? But in forex , dreams can turn into nightmares faster than you can say “margin call.”
Let’s unravel this seductive, high-stakes game changer.
❔ What Is Leverage?
“We were always leveraged to the hilt when we bought something and ran out of money, we would look at the portfolio and push out whatever appeared to be the least attractive item at that point,” explains Jim Rogers, George Soros’s partner, in Jack D. Schwager’s book “Market Wizards: Interviews with Top Traders.”
At its core, leverage is borrowed capital. When you trade with leverage, you’re essentially using your broker’s money to amplify the size of your position. Let’s say you want to invest $1,000 and use a leverage ratio of 100:1. This means you can control a position worth $100,000. A small 1% movement in your favor equals $1,000 in profit—doubling your initial investment in a single move. Sounds good, doesn’t it?
But here’s the catch: leverage works both ways. A 1% move against you wipes out your entire $1,000. It’s the double-edged sword that can turn modest accounts into heavyweights—or into dust.
🧲 The Allure of Amplified Gains
Forex traders are drawn to leverage like moths to a flame, and for good reason. The ability to turn small price movements into significant profits is exhilarating and means you don’t have to chip in gargantuan amounts of cash to make bank.
In a market where currency pairs often move fractions of a percentage daily, leverage is what makes those movements meaningful. Without it, most traders would struggle to eke out gains worth their time.
Consider a scenario where you’re trading a major currency pair like the EUR/USD . The price moves 50 pips in your favor, and each pip is worth $10 on a standard lot. Without leverage, you might only afford a micro lot, making your profit $5—not exactly a game changer. But with 100:1 leverage, you control a full lot, turning that $5 into $500. Suddenly, your modest deposit has real firepower.
This potential for outsized returns is intoxicating, especially for new traders. But like any powerful tool, misuse can be catastrophic.
💣 The Flip Side: Risks That Loom Large
If leverage is the hero of ever-moving forex trading space , it’s also the villain. For every dollar it helps you earn, it can take away just as quickly. While a 50-pip move in your favor feels like striking gold, the same move against you might be a financial disaster.
Even seasoned traders aren’t immune to the dangers of leverage. The forex market is inherently volatile, with prices influenced by everything from central bank policies to geopolitical tensions. Leverage amplifies these fluctuations, turning minor market noise into account-draining chaos if you’re not prepared.
Here’s the brutal truth: most traders underestimate the risks of leverage. Maybe because it’s so common they’ve gotten used to it. Overleveraging—taking on more risk than your account can handle—is the silent account killer. And it doesn’t take a market meltdown to wreck your balance. A sudden spike caused by unexpected news or a tweet can trigger a margin call, leaving you with nothing but a hard lesson.
🤙 Margin Calls: The Grim Reality
Let’s talk about margin calls, the dreaded phone call (once upon a time) no trader wants to receive—except it’s not a phone call anymore. It’s an automated popup notification from your broker informing you that your account equity has fallen below the required margin. Essentially, you’ve run out of money to sustain your positions and the broker is stepping in to close them before you owe more than your account balance.
This is where overleveraged and undercapitalized traders often meet their doom. A market move that would’ve been a minor setback on a properly sized position becomes a catastrophic loss when leverage is maxed out and equity is dried up. The lesson? Never let your enthusiasm for big trades overshadow your need for risk management.
🎯 Mastering Leverage: The Balanced Approach
Leverage isn’t inherently bad—it’s neutral. Like any tool, its impact depends on how it’s used. Successful traders respect leverage. They don’t treat it as a shortcut to riches but as a calculated risk multiplier.
Risk management is the cornerstone of surviving—and thriving—in a leveraged environment. This includes using stop-loss orders to limit potential losses, never risking more than an acceptable percentage of your account on a single trade and maintaining sufficient margin to weather market fluctuations.
And let’s not forget the importance of choosing the right leverage ratio. Many brokers offer leverage as high as 500:1, but that doesn’t mean you should take it. A lower ratio, like 10:1 or 20:1, gives you more breathing room and reduces the chances of wiping out your account. And if you decide to go for the upper echelons of leverage, say 100:1, then you should consider scaling down your positions to get that same breathing room.
🤔 The Psychology of Leverage
Leverage does more than magnify financial outcomes; it amplifies emotions too. The thrill of quick profits can lead to overconfidence, while the fear of losses can paralyze decision-making. Understanding your psychological tendencies is crucial when trading with leverage.
Patience and discipline are your best allies. Stick to your trading plan, avoid impulsive decisions, and don’t let the lure of high leverage cloud your judgment. The goal here isn’t just to make money once or twice—it’s to stay in the game for as long as possible.
So, how do you handle leverage? Are you the as-good-as-your-last-trade trader or you’re the more cautious, risk-averse type? Comment below and let’s spin up the discussion!
Nvidia - Launching The Final Bullrun!Nvidia ( NASDAQ:NVDA ) can still rally another +40%:
Click chart above to see the detailed analysis👆🏻
After rejecting the channel resistance in June, July and August of 2024 and correcting about -40%, buyers immediately stepped in and pushed Nvidia much higher. There is a quite high chance, that we will see a final blow off rally, squeezing out the last remaining bears.
Levels to watch: $200
Keep your long term vision,
Philip (BasicTrading)
DOGECOIN ( 0.55$ ) is uploading Hello and greetings to all the crypto enthusiasts, ✌
In several of my previous analyses, I have accurately identified and hit all of the gain targets. In this analysis, I aim to provide you with a comprehensive overview of the future price potential for Dogecoin, 📚💣
We are likely to witness a 37% rise in the coin’s price soon, though short-term bearish movements or consolidation phases could occur before the major uptrend. These patterns are often seen before a significant surge. 💡🙌
To better manage these fluctuations, I’ve highlighted key support levels using Fibonacci retracements. Recently, the coin surpassed several long-standing resistance levels, signaling an important shift. 💡📚
This is a key development, as the coin gains momentum with higher trading volumes and growing social media influence. 💡🎇
🧨 Our team's main opinion is The coin is poised for a 37% price increase, despite potential short-term fluctuations, as it gains momentum with key support levels and increasing market influence.🧨
Thank you for your attention. If you have any questions or comments, I’m here to respond to you. 🐋💡
Dynamic Relationship Between Bitcoin and CoinbaseGreetings, esteemed readers. Today, we shall delve into the profound and intricate relationship between Bitcoin and Coinbase. It is my earnest hope that you will find this discourse both enlightening and engaging.
The Interdependence of Coinbase’s Equity Valuation and Bitcoin’s Market Dynamics-:
The nexus between Coinbase's stock performance and Bitcoin's market valuation offers a compelling illustration of the interplay between cryptocurrency markets and traditional equity spheres. As one of the preeminent cryptocurrency exchanges, Coinbase's financial trajectory is inextricably linked to Bitcoin's price fluctuations and the broader crypto milieu. This symbiosis stems from Coinbase's operational foundation and the intricate financial mechanisms tethering the two.
1. Coinbase’s Revenue Architecture-:
Coinbase accrues its income predominantly from transaction fees, custodial services, and auxiliary crypto-related operations. A substantial portion of its revenue model hinges on trading volumes, which are profoundly influenced by the oscillations in Bitcoin’s valuation and the crypto market’s inherent volatility.
Ascendant Bitcoin Valuations: An upward trajectory in Bitcoin's price galvanizes retail and institutional investor interest, catalyzing heightened trading activity on Coinbase’s platform. This surge amplifies revenue inflows and, by extension, bolsters the company’s stock performance.
Depressed Bitcoin Valuations: Conversely, during bearish market phases or periods of price stagnation, trading activity tends to wane, thereby contracting revenue streams and exerting downward pressure on Coinbase’s share price.
2. Correlative Dynamics Between Bitcoin and Coinbase Equity-:
Empirical evidence suggests a pronounced positive correlation between Bitcoin’s price dynamics and Coinbase’s share valuation. Robust Bitcoin performance often translates to multifaceted benefits for Coinbase:
Enhanced Trading Volumes: Bullish Bitcoin trends entice heightened investor activity, resulting in elevated transaction frequencies.
Augmented Market Optimism: An appreciating Bitcoin price engenders a more sanguine market sentiment, which is advantageous to entities like Coinbase that are emblematic of the cryptocurrency sector.
Institutional Engagement: Bull markets in Bitcoin invariably attract institutional capital, with regulated exchanges such as Coinbase serving as their primary operational venues.
3. Volatility as a Revenue Catalyst-:
Bitcoin’s price volatility is a pivotal determinant of Coinbase’s financial outcomes. Volatility, irrespective of its directional bias, acts as a stimulant for trading activity:
Intensified Volatility: Sharp fluctuations in Bitcoin's valuation—whether upward or downward—propel trading volumes, thereby amplifying Coinbase's revenue streams.
Muted Volatility: Periods of relative price stability often precipitate a diminution in trading activity, adversely impacting Coinbase’s revenue generation and share valuation.
4. Exogenous Influences on the Bitcoin-Coinbase Nexus-:
While Bitcoin serves as a cornerstone for Coinbase’s financial performance, other variables also modulate this interconnection:
Cryptocurrency Ecosystem Trends: The valuation and trading activity of other significant cryptocurrencies, such as Ethereum, exert ancillary influences on Coinbase’s revenue architecture.
Regulatory Shifts: Alterations in regulatory landscapes can simultaneously affect Bitcoin’s valuation and Coinbase’s operational framework.
Firm-Specific Developments: Strategic initiatives, partnerships, and financial disclosures unique to Coinbase may engender deviations in its stock performance independent of Bitcoin’s market trends.
5. Risks in the Symbiosis-:
The dependence of Coinbase’s equity on Bitcoin’s performance is fraught with risks:
Bitcoin-Centric Exposure: The firm’s disproportionate reliance on Bitcoin-centric revenues exposes it to market downturns and regulatory adversities.
Competitive Pressures: The proliferation of alternative cryptocurrency exchanges threatens to erode Coinbase’s market share, diminishing its revenue potential even amidst Bitcoin bull markets.
Regulatory Vulnerabilities: Both Bitcoin’s valuation and Coinbase’s operations remain susceptible to abrupt regulatory shifts, which could destabilize their interdependence.
6. Prognostications for the Future-:
As the cryptocurrency domain matures, the interplay between Bitcoin and Coinbase may undergo recalibration:
Revenue Diversification: Coinbase’s foray into staking, institutional services, and NFTs aims to mitigate its dependency on Bitcoin-driven revenues.
Institutionalization of Crypto: The progressive institutional adoption of cryptocurrencies could stabilize Coinbase’s revenue streams.
Market Equilibration: The maturation of the cryptocurrency ecosystem might temper Bitcoin’s extreme price oscillations, leading to a concomitant stabilization in Coinbase’s equity performance.
Conclusion-:
The intrinsic linkage between Coinbase’s share valuation and Bitcoin’s market dynamics is both potent and multifaceted. While this connection offers substantial growth opportunities, it also entails significant vulnerabilities. As Bitcoin maintains its preeminence within the crypto sector, Coinbase’s strategic initiatives to diversify its offerings may gradually attenuate its reliance on Bitcoin. Nonetheless, for the foreseeable future, Bitcoin’s price trajectory will remain a critical bellwether for Coinbase’s equity performance.
Best Regards- Amit
Hope you like this publication.
EUR/USD and the Fakeout Swing Reversal PatternThe Fakeout Swing Reversal pattern is a straightforward and robust candle pattern that has stood the test of time. In this analysis, we’ll explore how the pattern has recently appeared on EUR/USD’s daily candle chart, examining both its successes and failures while identifying the key factors that influence its performance.
What is the Fakeout Swing Reversal Pattern?
The Fakeout Swing Reversal pattern is a technical setup that captures moments when price fakes a breakout beyond a key swing high or low, only to sharply reverse. This pattern is particularly effective when the fakeout occurs within two candles, signalling that the market’s initial push was unsustainable and trapping traders on the wrong side.
Bullish Scenario:
The bullish Fakeout Swing Reversal begins with price breaking below a key swing low, seemingly triggering a downside move. However, within one or two candles, the price sharply reverses and closes back above the swing low, signalling a potential upward reversal. The psychology here lies in trapping short sellers who entered on the perceived breakout, forcing them to cover as buyers regain control.
Bearish Scenario:
In the bearish version, the price breaks above a key swing high, appearing to continue an uptrend. Yet, within one or two candles, it reverses and closes back below the swing high, indicating bearish momentum as long traders scramble to exit.
Fakeout Swing Reversal Pattern: EUR/USD Daily Candle Chart
Past performance is not a reliable indicator of future results
Key Elements for Execution
• Entry Trigger: Traders typically enter after the reversal candle closes, confirming the fakeout.
• Stop Placement: Stops are often placed just beyond the extreme of the fakeout candle, keeping risk tightly managed.
• Targets: Initial targets may be the midpoint of the prior range or a key support/resistance level, with traders adjusting based on market conditions.
Successful and Failed Signals: A Reality Check
No pattern works flawlessly every time, and the Fakeout Swing Reversal is no exception. Successful signals offer strong potential, but managing failed trades is equally, if not more, critical. How you handle losses defines your trading discipline and long-term success.
On EUR/USD’s recent daily chart, we can identify several instances of this pattern, showcasing its effectiveness in both bullish and bearish scenarios. Some of these signals led to rewarding reversals, while others quickly invalidated, reminding us of the need for a clear plan to handle both outcomes.
Examples: EUR/USD Daily Candle Chart
Past performance is not a reliable indicator of future results
Factors Influencing the Pattern's Effectiveness
Several elements impact the success of the Fakeout Swing Reversal pattern:
1. Momentum Leading into the Test: Strong momentum approaching the swing high or low can increase the likelihood of a breakout.
2. Strength of the Fakeout: A sharp rejection after the breakout adds credibility to the reversal.
3. Prevailing Trend: Patterns aligned with the long-term trend often have a higher probability of success.
Managing Trades: Cutting Losers and Letting Winners Run
Cutting Losers Early: When this pattern works, it tends to work quickly, so if the reversal doesn’t play out promptly, consider exiting early. By cutting losers short, you keep the size of your average losing trade small, preserving capital for better opportunities.
Letting Winners Run: Reversal trades inherently go against short-term momentum, making it challenging to let winners run. However, traders can manage this by taking partial profits at key levels and moving their stops to break even. This approach protects gains while allowing the trade room to capitalise on a sustained move.
By understanding the nuances of the Fakeout Swing Reversal pattern and applying disciplined risk management, traders can add a robust swing trading strategy to their trading arsenal.
Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
How I identify the best forex pairs to trade:Here is how I identify the best forex pairs to trade:
In the top left panel, the indicator 'Compare Forex' displays the PERFORMANCE of each major currency.
The USD (red line) has been the strongest currency for the past 2 months on H6 charts.
By identifying the strongest currency, all that remains is to trade the USD against all the other currencies since they are weaker.
= Smooth stress-free charts.
I look at my trades 2-3 times a day to see if they are still blue or red. Takes a few minutes.
Treasury yields at a crossroads? The implications for marketsThe long end of the US Treasury curve has been influential for FX markets recently. The rolling 10-day correlation between US 10-year yields with the DXY, EUR/USD, GBP/USD, and USD/JPY is either strongly positive or negative. Even gold shows a notable -0.73 correlation, highlighting the influence of long bonds on broader markets.
Given the inverse relationship between bond yields and prices, it’s no surprise that the correlation between 10-year yields and 10-year Treasury futures (shown in orange, left-hand pane) has been nearly perfectly negative over the past two weeks.
In terms of directional risks for yields moving forward, the right-hand pane showing US 10-year Treasury note futures is instructive. The price remains in a downtrend, repeatedly rejected since being established October. If this trend persists, it signals lower prices and higher yields.
That said, with the bullish hammer candle from the lows last week, coupled with RSI (14) and MACD which are providing bullish signals on momentum, you get the sense we may be in the early stages of a turning point.
If we were to see the price break the downtrend, resistance may be encountered at 113’00, a level that’s been tested from both sides in recent weeks. If that were to give way, it points to an environment of a softer US dollar and kinder conditions for longer duration assets and commodities.
Good luck!
DS
Elliot waves meets Fibonacci [Educational]Hello everyone,
today I like to share how I use elliot waves combined with fibonacci to analyze the market.
The standard rules are:
- Wave 2 can now be lower then the start of wave 1
- Wave 3 should be the longest
- Wave 4 should not breach the high of wave 1
But to have a more objective view there are also price targets to be reached within the different waves. It's a complex subject to show in one chart, so feel free to ask in the comment section if you have any questions.
The Browser Underdog: Opera's Surprising Surge◉ Abstract
Opera Limited (OPRA) presents a compelling investment opportunity, boasting an attractive valuation with a P/E ratio of 10.1x, significantly lower than the peer average of 66.5x. The company demonstrated strong financial performance in FY23, with 20% revenue growth reaching $396.8 million, accompanied by impressive cash flow growth of $82.8 million. Opera's debt-free status adds to its financial health. However, challenges persist, including its limited 2.4% market share in the competitive browser market, heavy dependence on browser revenue, and regulatory and technical risks. Despite these challenges, Opera's strengths and resilience, coupled with the industry's growth prospects, make it an attractive investment choice.
Read full analysis here.........
◉ Introduction
The internet browsing market is highly competitive, with approximately 5.3 billion monthly active users as of 2024. Google Chrome dominates the market with a 65.18% share, followed by Safari at 18.55%, Microsoft Edge at 5.26%, and Mozilla Firefox at 2.74%.
The market is expected to continue growing, driven by increasing internet penetration, the proliferation of smart devices, and the demand for enhanced web experiences. Additionally, the shift towards mobile browsing, with mobile devices accounting for a significant portion of internet traffic, will further fuel this growth, leading to projected expansion and innovation in the industry.
◉ Key Growth Drivers
1. Increased Internet Penetration: Global internet user numbers are steadily rising, particularly in developing regions where access to technology is improving.
2. Mobile Device Usage: The shift towards mobile browsing is significant, with browsers like Chrome and Safari leading in mobile usage due to their integration with popular operating systems (Android and iOS) respectively.
3.Technological Advancements: Continuous improvements in browser technology, including speed enhancements, security features, and user-friendly interfaces, attract more users.
4. Focus on Privacy and Security: Growing concerns about online privacy have led to increased demand for browsers that prioritize user data protection. This trend benefits browsers like Firefox and Opera, which emphasize privacy features.
5. Integration with Ecosystems: Browsers that integrate well within their respective ecosystems (e.g., Safari with Apple devices) tend to retain users more effectively due to seamless functionality across devices.
◉ Major Players
Today, our discussion will center on Opera, a niche browser vendor navigating the global internet browsing market dominated by Google Chrome and Safari.
This report presents an in-depth examination of Opera's technical and fundamental metrics.
◉ Company Overview
Opera Limited NASDAQ:OPRA is a Norway-based tech innovator, established in 1995. Listed on NASDAQ (OPRA), Opera boasts a global team of 500+ employees. Its diverse portfolio includes Opera Browser, Opera Mini, Opera GX, and Opera News. The company operates through four segments: Browser and Search, Advertising, AI-driven Content Discovery, and Fintech (Opera Pay). Opera's growth strategy focuses on emerging markets, AI enhancements, advertising expansion, and fintech development.
◉ Investment Advice
💡 Buy Opera Limited NASDAQ:OPRA
● Buy Range - 16.8 - 17.8
● Sell Target - 23.5 - 24.5
● Potential Return - 33% - 38%
● Approx Holding Period - 12-15 months
◉ Revenue Breakdown (FY23)
● Total Revenue: For the full year 2023, Opera reported total revenue of $396.83 million, up from $331.04 million in 2022, marking a 20% year-over-year growth.
● Advertising Revenue: Advertising revenue constituted approximately 59% of total revenue, amounting to around $234 million. This segment grew by 24% year-over-year, driven by the success of the Opera Ads platform and browser monetization strategies.
● Search Revenue: Search revenue accounted for about 15% of total revenue, totaling approximately $60 million, with a growth rate of 15% year-over-year. This growth is attributed to targeting users with higher monetization potential, particularly in Western markets.
● Technology Licensing and Other Revenue: This segment represents a smaller portion of the overall revenue, contributing roughly $0.1 million, reflecting the company’s ongoing efforts to monetize its technology beyond its core browser offerings .
◉ Strengths & Weaknesses
The company has experienced significant growth and innovation in recent years. However, it also faces various challenges. Here’s a detailed analysis of its strengths and weaknesses:
● Strengths:
1. Innovative Features:
➖ Opera GX Gaming Browser: Tailored for gamers with CPU and RAM limiters, plus integrations with Twitch and Discord.
➖ Built-in Ad Blocker: Improves browsing speed by blocking ads and tracking cookies.
➖ Free VPN: Enhances privacy by encrypting traffic and hiding IP addresses, allowing access to region-restricted content.
2. Diverse Revenue Streams: Revenue comes from multiple sources, including advertising (about 59%) and search (around 15%), providing financial stability.
3. Financial Growth: Consistent revenue growth, reaching $397 million in 2023, with positive projections for 2024.
4. Strategic Partnerships: Collaborations with major tech companies enhance service offerings and market reach.
● Weaknesses:
1. Limited Market Share: Holds only about 2.4% of the global web browser market, significantly trailing competitors like Google Chrome.
2. Heavy Dependence on Browsers: About 82% of revenue comes from web browsers, making the company vulnerable to shifts in user preferences and market trends.
3. Regulatory Vulnerability: Risks associated with changes in affiliate marketing regulations and data protection laws could impact revenue.
4. Technical Challenges: Users report stability issues and bugs that affect overall experience.
◉ Technical Aspects
● Weekly Chart
➖ In July 2023, the stock peaked at around the 27 level but then encountered considerable selling pressure, leading to a drop towards the 10 level.
➖ Following an extensive period of consolidation, the price has recently achieved a breakthrough and is trending upwards.
● Daily Chart
➖ The daily chart reveals the formation of an Inverted Head & Shoulders pattern.
➖ After a recent breakout, the stock price is currently consolidating just above the breakout level, with expectations of future increases.
◉ Technical Indicators
1. RSI (Daily Chart)
➖ Current RSI of this stock is 66.42, which indicates the strength of buyers.
2. ADX & DI (Daily Chart)
➖ Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.
3. MFI (Daily Chart)
➖ The current MFI is 59.04, suggesting that the stock is not in an overbought state.
4. EMA’s (Daily Chart)
➖ The stock price is currently positioned above all key EMAs, indicating robust momentum.
◉ Relative Strength
➖ The chart highlights Opera's impressive outperformance of the Nasdaq Composite index, driven by a substantial 50% annual return.
◉ Revenue and Profit Analysis
● Year-over-Year
➖ Opera Limited reported strong financial performance in fiscal year 2023, with revenue reaching $396.8 million, representing a 20% increase from $331 million in fiscal year 2022.
➖ The company's EBITDA also saw significant growth, rising 35% to $69.2 million from $51.2 million in the prior year, while the EBITDA margin expanded to 17.4% from 15.5%.
● Quarter-over-Quarter
➖ Opera Limited's quarterly performance ending September 2024 was equally impressive, with revenue climbing 12% to $123.2 million from $109.7 million in the preceding quarter and 21% from $102 million in the same quarter last year.
➖ Additionally, EBITDA increased 5% to $27.3 million, and diluted earnings per share (LTM) edged up to $1.78 from $1.75 in the previous quarter.
◉ Valuation
1. P/E Ratio
● Current P/E vs. Peer Average P/E
➖ Analyzing the P/E ratio reveals that OPRA stands at 10.1x, highlighting a substantial undervaluation when compared to the peer average of 66.5x.
● Current P/E vs. Industry Average P/E
➖ Within the US software sector, OPRA's P/E ratio of 10.1x is markedly lower than the industry average of 41.9x, signaling that it is relatively inexpensive.
2. P/B Ratio
● Current P/B vs. Peer Average P/B
➖ Examining the P/B ratio, OPRA's current figure of 1.8x falls short of the peer average of 5.5x, indicating a relative undervaluation.
● Current P/B vs. Industry Average P/B
➖ When juxtaposed with the industry average, OPRA's P/B ratio of 1.8x points to a notable undervaluation, as the industry average stands at 3.7x.3.7x.
3. PEG Ratio
➖ A PEG ratio of 0.07 implies that the stock is undervalued in relation to its anticipated earnings growth.
◉ Cash Flow Analysis
➖ In the fiscal year 2023, operational cash flow saw impressive growth, soaring to $82.8 million, a significant rise from the $56.7 million recorded in fiscal year 2022.
◉ Debt Analysis
➖ The company proudly maintains a completely debt-free status, showcasing its strong financial health.
◉ Top Shareholders
➖ Arrowstreet Capital's stake in the company stands at 1.23%, indicating a 4.9% reduction in holdings from the prior quarter.
◉ Analyst Price Target
➖ The 12-month consensus price target for Opera stands at $24.20, implying a substantial potential appreciation of 32% from current levels, presenting an attractive investment opportunity.
◉ Conclusion
Opera's attractive valuation and impressive financial performance make it a compelling investment opportunity. However, the company's financial outlook is not without challenges. Market uncertainty and unforeseen events pose risks, while its e-commerce monetization efforts remain vulnerable to market volatility and competition. Additionally, Opera operates in a highly competitive browser market, where intense rivalry could impact user engagement, retention, and revenue. Despite these challenges, the industry's significant growth prospects support a positive outlook, driven by Opera's strengths and resilience, making it an attractive investment choice.
Solana Soars Close to Record: What Could Drive Prices in 2025?Crypto markets are betting big on Solana — the Ethereum rival pressed higher even as the broader digital-asset market pulled back last week. Now Solana needs a few stars to align so it could rocket to a fresh all-time high, surpassing its 2021 record of $260. And by the common consensus, record territory could be a few sessions away while a fuller, hulking dominance could be on the cards for 2025.
Solana SOLUSD is on a roll. Early on Tuesday, Solana neared its record high of $260 set back in 2021 when crypto bros were going all in on their favorite coins (birthing some meme coins in the process.)
The Solana token, which runs on the layer-1 blockchain of the same name, shot up to $245, staging a monster recovery from $8 a piece back in January 2023 when crypto markets were reeling from the fabulous implosion of Sam Bankman-Fried’s crypto exchange FTX and its sister company, trading house Alameda Research. (SBF was an early buyer of Solana, scooping it up for as low as 20 cents.)
Now Solana is no longer associated with the fallen crypto mogul who’s serving a 25-year prison sentence. Instead, the digital coin is running free and carving out its own reputation. And fast. Almost as fast as its ability to process transactions on the blockchain.
Solana is touted as a faster and cheaper alternative to Ethereum ETHUSD , the second-largest coin with a valuation of $375 billion. That’s some $260 billion more than Solana’s own market cap of about $115 billion.
Still, Solana’s gains outshine these of Ethereum:
Solana year-to-date gains: 142%
Ethereum year-to-date gains: 40%
Bitcoin year-to-date gains: 107%
Solana’s performance hinges on three very different sets of circumstances:
Its ability to handle the technical workload as a payment processor
Its infrastructure capacity for building up various projects
Its appeal as an investment asset (or why you’re here)
On the first one — payment processor — Solana boasts lightning-fast transactions to the tune of 50,000 per second. Ethereum? That’s about 15 to 45 transactions per second. Visa? A wide range between 1,500 and 65,000 (depends who you’re asking.) And Bitcoin gets you about 2 to 7 transactions per second (but no one really cares about this.)
With breakneck speed, Solana is shaping up as a worthy opponent to traditional payment processors, flexing high volumes in a decentralized environment.
On the second one — building grounds for projects — Solana is considered the go-to place to launch meme tokens based on dogs, cats and even politicians and business people. It has been handling these pretty well, considering the massive influx of dog-themed and Elon Musk-themed tokens.
On the third one — investing and trading — Solana is staring into exciting prospects for 2025. The cryptocurrency might get its own US spot exchange-traded fund soon and traders are buzzing from excitement. A Solana-based spot ETF could be a reality as soon as 2025 (most likely after Securities and Exchange Commission boss Gary Gensler gets fired.) Only two other cryptocurrencies have been granted permission to strut down the traditional ETF pathway — eleven Bitcoin ETFs and nine Ethereum ETFs .
Now that Donald Trump has secured another four years in the White House, the crypto industry expects big things to come its way.
The President-elect has embraced digital assets and even announced his own crypto gig — a Bitcoin strategic reserve . Which was shortly after complemented by the cost-cutting DOGE department led by Elon Musk.
All in all, Washington is expected to be super friendly to crypto, especially after large industry players such as Andreessen Horowitz and Coinbase spent $135 million backing more than 50 Congress candidates, most of them winning seats.
Where do you think Solana is heading next? Do you see lots of bullish momentum going into 2025? Or maybe you’re more inclined to believe it’ll come crashing down? Let us know your thoughts in the comments below!
The TradingView Show: Post-Election Trades with TradeStationJoin us for our recurring series as we dive deep into the latest market movements, emerging trends, and key financial news with @TradeStation. This monthly show is designed to keep traders and investors up to date on the developments that truly move the markets. Don’t forget to explore our comprehensive video library on our profile—scroll back to catch past episodes, and follow our TradingView account to stay in the loop.
In this episode, we’ll provide actionable insights and educational resources for new traders, including charting tips and an introduction to market dynamics.
Here’s what we’ll be covering this time:
- A detailed analysis of NVIDIA’s earnings and what they mean for tech and semiconductor stocks
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- End-of-year trading opportunities: sectors and stocks to watch
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- Insights into the banking sector’s recent breakout and its potential impact
- Key ratio charts to help inform your strategy
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Euro can reach seller zone and then start to decline to 1.0450Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see how the price traded inside the range, where it at once rebounded from the top part and started to decline to the resistance level, which coincided with the resistance zone. Later, EUR entered to this area, where it reached the bottom part of the range and some time traded near, after which started to grow to the top part of the range. Also, when the price rose, it made a gap and after it reached the top part of the range, the EUR turned around and made impulse down. Price exited from the range broke the 1.0805 resistance level, and continued to decline inside the wedge. In this pattern, the price first rose to the resistance area and tried to break the 1.0805 level, but failed and continued to decline to the 1.0600 current resistance level. Soon, the price broke this level too and fell to the support line of the wedge, after which a not long time ago rebounded up. Now, the price trying to exit from the wedge, so, in my mind, the Euro can reach the seller zone and then turn around and start to decline. For this case, I set my TP at 1.0450 points. Please share this idea with your friends and click Boost 🚀
Ripple XRP 11-years Super Cycle Is Coming to End!Hello, Skyrexians!
Couple of days ago BITSTAMP:XRPUSD has awaken after 4 years of consolidation. This growth can cause euphoria for XRP holders. Is it pump real or price will go down as usual? Today we will try to give answer in our global forecast.
Let's take a look at the monthly time frame. We can see that the first wave has been finished in early 2013, more than 10 years ago. After that we saw correction and legendary wave 3 which has been finished with the red dot on Bullish/Bearish Reversal Bar Indicator . Last 4 years price is moving sideways, we can interpret it as a correction in wave 4 in shape of triangle. Yesterday this triangle has been broken finishing this correction!
In our opinion XPR now is in the last wave 5 in this first global super cycle. Target for this wave is between $2.5 and $3.8. The second target is more likely because wave 5 in 90% of cases set the higher high than wave 3. We want also you to notice the bullish reversal bar and green dot on the indicator at the end of the subway C. On the monthly time frame this is the strong bullish sign which will likely lead the price to the final target.
Best regards,
Skyrexio Team
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BUY SILVER (XAGUSD) - Price action entry strategy explainedTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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