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FTT on the Horizon: Market Analysis and ProjectionsTechnical Analysis Overview Current Price : $3.7605 Weekly Trend : A decrease of 27.10%, indicating recent bearish sentiment. 1-Month Trend : An increase of 8.98%, showing some recovery. 6-Month and Yearly Trends : Impressive growth of 289.95% and 260.09%, respectively, highlighting a strong bullish trend in the medium to long term. Advanced Technical Indicators Relative Strength Index (RSI) : Approaching overbought territory, signaling a potential reversal or consolidation in the short term. Moving Average Convergence Divergence (MACD) : Suggests a bullish crossover, indicating strong buying momentum. Chart Patterns and Analysis Bullish Triangle Pattern : Indicating a potential breakout and continuation of the uptrend. Falling Wedge Patterns : Multiple patterns suggest a diminishing selling pressure and a possible trend reversal. Unique Insights Potential for a Major Rally : Analysts have identified key levels for a potential 10x payout, suggesting that FTT might be gearing up for a significant rally. Impact of External News : News flow and external events, such as regulatory changes or developments within the FTX ecosystem, can have a substantial impact on FTT's price. Keeping an eye on these factors is crucial for understanding potential market movements. Market Sentiment and External Factors Market Capitalization : $1.234B USD. Trading Volume Analysis : High trading volume of $191.331M USD with a significant volume/market cap ratio. Recent News Coverage Impacting FTT FTX Trading and FTX Digital Markets Settlement ( PYMNTS.com ): A unified approach to valuing customer claims could impact FTT's valuation and distribution. Valuation Rules Set by FTX and Bahamas Liquidators ( Bloomberg.com ): Crucial for determining the valuation of FTT in bankruptcy proceedings. Unified Asset Distribution Deal ( CryptoSlate ): Streamlining the asset distribution process within the FTX ecosystem. FTX's Bankruptcy Exit Plan ( Banking Dive ): Involves valuing assets at their November 11, 2022, rate, affecting FTT's value. FTX's Crypto Asset Liquidation ( Watcher Guru ): The liquidation of $240 million worth of crypto assets, including FTT, could influence its market price. Conclusion FTT presents a complex picture with both short-term bearish and long-term bullish trends. The technical indicators suggest strong buying momentum, but overbought conditions signal caution. The recent news, particularly the settlement and bankruptcy proceedings, directly impacts the valuation and liquidity of FTT.
Long
by Terrapins
5
XRP/USDT BULLRUSH BEFORE THE FLUSH???Looking at the XRP/USDT Daily Time Frame, we can get an idea where and WHY price is moving the way it is: We see that ALL previous buyside has been swept. This should indicate BULLISH order flow. Every bullrun hits it's breaking point but where will that be??? We see that there's more Buyside that's yet to be swept and I'm thinking it will sweep them soon in the near future. But WAIT .... There's More! Right above the highest high, there is a GORGEOUS Daily SIBI resting right above. Sadly, it hasn't been tapped yet :( If it gets tapped, will XRP rise or will that be it's Downfall??? There's only one way to find out ;) I'm patiently waiting for potential opportunities that allow a solid 2:1 RR trade to be taken. (DISCLAIMER) THIS IS NOT FINANCIAL ADVICE! THIS IS MY PERSONAL OPINION AND I COULD BE 100% INACCURATE IN MY ANALYSIS. DO YOUR OWN RESEARCH AND ANALYZE YOUR OWN CHARTS. TRADING IS EXTREMELY RISKY SO BE CAUTIOUS AND TRADE AT YOUR OWN RISK!!!
by INVYZNN
Nifty Short , Medium & Long Term View- 04-Mar-24 to 08-Mar-24Nifty Short , Medium & Long Term View- 04-Mar-24 to 08-Mar-24 Nifty closed at 22378 (22212) and touched low & high of 21860 & 22297 RSI and stochastics levels reduced this week (63% & 97% Respectively). Stochastics is in overbought zone. Market touched a new high on last short trading session on Saturday to 22416, which crossed the Fib resistance and trend line resistance 22350 and closed at 22378. Nifty IT 37593 (38045 ) -To continue hold. Nifty IT touched new high of 38477 10 days before. Major support at 34918 /34000. Target can be 40000. Nifty bank 47297 (46554) -To continue buy on dips. Nifty Bank touched 47424 high last week. Target 48618 ( all time high). Crossed the previous resistance and now can expect to move up. support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Refer to detailed comments in the bottom. Nifty 22378- Short Term ( UP) & medium term ( Neutral ) As mentioned in last week Target Fibonacci extended resistance is near to 22819 which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak. nifty will move to next target 22819 (Fib Resistance)/22500. Short term Support - 21554 (Fib Support ), 20877 Fib Support as shown in the chart. Medium Support at 20225 (prev high), 20000 ( Fib Resistance) Nifty Medium Term & long Term - Can buy at 20800 -21000 level in case of dip for a short run up. Target Fibonacci extended resistance is near to 22819 which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak. nifty will move to next target 22819 (Fib Resistance)/22500. Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 23000 to 18800 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments : Political anticipated result expectation, Global trend sustaining the market above 22000. only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun 2024. Market may correct if any global news till 19500 as there is strong multiple fib support. Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Nifty Bank ( 46554) tried to move above key resistances. Continue to buy on dips. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
BANKNIFTY ANALYSISNo Trading Reversal Zone: Range: 46,662 to 46,800 Analysis: The market has established a no trading reversal zone in the range of 46,662 to 46,800, suggesting a period of consolidation or indecision. Traders should exercise caution within this range, awaiting clearer signals before making significant trading decisions. Previous Day High and Open Interest (OI) Resistance: Previous Day High (PDH): 47,020 OI Resistance Zone: 47,020 to 47,110 Analysis: The PDH at 47,020 serves as a critical level. If the price surpasses this point, it may encounter resistance within the OI resistance zone from 47,020 to 47,110. Traders should closely monitor price action in this area for potential breakout opportunities. Previous Day Low and OI Support: Previous Day Low (PDL): 46,350 OI Support Zone: 46,350 to 46,440 Analysis: The PDL at 46,350 acts as a key reference point. If the price approaches this level, it may find support within the OI support zone ranging from 46,350 to 46,440. Traders should observe how the market reacts around this area, as a bounce or breakdown could indicate potential future movements. Profit Booking Zone for Longs: Profit Booking Zone: 47,270 to 47,400 Analysis: Traders holding long positions may consider booking profits in the zone from 47,270 to 47,400. This area represents a potential region where bullish momentum could face resistance, and profit-taking becomes a strategic consideration. Overall Analysis: The market is currently within the no trading reversal zone, suggesting a lack of clear direction. Traders should closely watch the PDH, OI resistance zone, PDL, and OI support zone for potential breakout or breakdown signals. The profit booking zone for longs provides a strategic area for traders to consider securing profits from bullish positions. Key Takeaways for Traders: Caution: Exercise caution within the no trading reversal zone and wait for clearer signals. Breakout/Breakdown Opportunities: Monitor the PDH, OI resistance, PDL, and OI support for potential breakout or breakdown opportunities. Profit Booking: Traders with long positions may consider booking profits in the specified profit booking zone. This analysis provides a framework for traders to navigate potential market movements based on historical price levels and open interest data. However, it's crucial to use additional technical indicators, real-time data, and risk management strategies for a comprehensive trading approach. Stay informed about external factors and market news that could impact Bank Nifty's movements.
NSE:BANKNIFTY
by Shivam_Bhanot
Nifty Short , Medium & Long Term View-19-Feb-24 to 23-Feb-24Nifty Short , Medium & Long Term View-19-Feb-24 to 23-Feb-24 Nifty closed at 22040 (Last week 21540) and touched low & high of 21629 & 22068 RSI and stochastics levels reduced this week(58% & 87% Respectively). Stochastics is in overbought zone. Huge volatility was seen last week within the topmost resistance and bottom most support last week. Market was exactly trading within this trend line resistance and trendline support provided. Market need to decisively close above all time high 22117 and 22157 (Fib Resistance). Earlier 30% profit booking was suggested (except Bank & IT stocks). Partial Booking can be considered for further 5-10% in Mid & Small Cap (Stocks/ Mutual Funds) wherever valuation are high. There is no worry on Good Valued Stocks which can be kept for Long Term. This cash will be useful to buy when during the fall. Nifty IT 38477 (Prev Week 37699) -To continue hold. Nifty IT touched new high of 38477 in this week. Major support at 34918 /34000. Target can be 40000. Nifty bank 46554 ( Prev Week 45634 ) -To continue hold. Nifty Bank touched 46695 high last week. Purchase on dips was suggested. Nifty Bank moved from 44673 to 46695. support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Refer to detailed comments in the bottom. Nifty 22040- Short Term ( Neutral ) All time high 22136 will be a key resistance. Market could not surpass it decisively. Hence bearish sideways movement expected for some more weeks. Resistances are at 22000, 22117, 22136 ( All time high),22150 Support - 21430 (Fib Support & MA 50 Support), 20877 Fib Support and trend line support as shown in the chart. Nifty Medium Term & long Term - Can buy at 20800 -21000 level in case of dip for a short run up. Target Fibonacci extended resistance is near to 22500 as shown in chart. nifty will move to next target 22308 (Fib Resistance)/22521. Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 22500 to 18800 expected till mid of 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments (19-Feb-24) : Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Nifty Bank ( 46554) tried to move above key resistances. Continue to buy on dips. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
Nifty Short , Medium & Long Term View-12-Feb-24 to 16-Feb-24Nifty Short , Medium & Long Term View-12-Feb-24 to 16-Feb-24 Nifty closed at 21782.5 ( Prev Close 21853 ) and touched low & high of 21629 & 22053 RSI and stochastics levels reduced this week( 54.5% & 65% Respectively). Market is in indecisive state, could not take any direction as it could not surpass the previous all time high 22117 decisively. Earlier 30% profit booking was suggested (except Bank & IT stocks). Mid & Small cap Index fell buy 2.5-3% on 09-Feb-24. Partial Booking can be considered for further 5-10% in Mid & Small Cap (Stocks/ Mutual Funds) wherever valuation are high. There is no worry on Good Valued Stocks which can be kept for Long Term. Interim budget announced was a status quo budget, no relief for income tax payers, no change in corporate tax, as expected Capex for infra (Railways & Road) increased. Infra Stocks, undervalued bluechip stocks can be considered based on the valuation. Nifty IT 37699 (Last week 37323 ) -To continue hold. Nifty IT touched new high of 38368 in this week and then came below to 37699. Major support at 34918 /34000. Nifty bank 45634 (Prev Close 45970) -To continue hold. Nifty Bank touched 44908 and then moved and settled 45634 Low last week. support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Profit booking upto 30% was suggested in the last 1.5 months, Cash is useful to pick the right stocks currently to pick the right stock. Purchased Nifty Bank at Jan 1st & 2nd week when it was low using that cash. Refer to detailed comments in the bottom. Nifty 21782- Short Term ( Neutral - Bearish Continued)- All time high 22136 will be a key resistance. Market could not surpass it decisively. Hence bearish sideways movement expected for some more weeks. Resistances are at 22000, 22117, 22136 ( All time high),22150 Support - 21430 (Fib Support & MA 50 Support), 20877 Fib Support and trend line support as shown in the chart. Nifty Medium Term & long Term (Neutral)- Can buy at 20800 -21000 level in case of dip. Target Fibonacci extended resistance is near to 22500 as shown in chart. nifty will move to next target 22308 (Fib Resistance)/22521. Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 22500 to 18800 expected till mid of 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments (11-Feb-24) : Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Last two weeks IT was little down but comparatively lesser than Nifty Index and nifty Bank. Nifty IT touched new high on 08-Feb-24. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
AUDUSD Head & Shoulders PatternHi Traders! A head-and-shoulders pattern is forming on the AUDUSD 1D chart. Here are the details: The market has found strong support at the 0.65255 level, which is the neckline. The right shoulder is currently forming, and we expect some consolidation around this level before a possible break and close below the neckline. The plan here is to monitor both the neckline and right shoulder and wait for a confirmation signal before entry. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 0.66048 Support: 0.65255 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
5
Nifty Short , Medium & Long Term View-05-Feb-24 to 09-Feb-24Nifty Short , Medium & Long Term View-05-Feb-24 to 09-Feb-24 Nifty closed at 21853 ( Prev Close 21353 ) and touched low & high of 21429 & 22126 RSI and stochastics levels ( 58% & 74 % Respectively). Stochastics is near overbought zone. Market closed all time high and moved higher comparative to last week but is in indecisive state, could not take any direction as it could not surpass the previous all time high 22117 decisively. Interim budget announced was a status quo budget, no relief for income tax payers, no change in corporate tax, as expected Capex for infra (Railways & Road) increased. Infra Stocks, undervalued bluechip stocks can be considered. Nifty IT 37323 (Last week 36496) -To continue hold. On the last day (Fri) of last week it was traded upto 1100 points and moved up. major support at 34918 /34000. Nifty bank 45970( 44866) Moved 1000 points up compared to last week. support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Profit booking upto 30% was suggested in the last 1.5 months, Cash is useful to pick the right stocks currently to pick the right stock. Purchased Nifty Bank at Jan 1st & 2nd week when it was low using that cash. Refer to detailed comments in the bottom. Nifty- Short Term ( Neutral - Bearish Continued)- 21300 ( trend Line support Provided was major support last week. Resistances are at 21439 ( Fib Resistance), 21639 ( MA 21 days) , 22000, 22117, 22155 Further below to 21300, 20800-21000 have strong Fib Support and trend line support as shown in the chart. Nifty Medium Term & long Term ( Neutral)- Can buy at 20800 -21000 level in case of dip. Target Fibonacci extended resistance is near to 22500 as shown in chart. nifty will move to next target 22308 (Fib Resistance)/22521. Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 22500 to 18800 expected till mid of 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments (04-Feb-24) : Earlier last 2-3 months , purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Last two weeks IT was little down but comparatively lesser than Nifty Index and nifty Bank. Simillarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last two weeks. Nifty Bank Index was suggested to buy last week. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
High positive correlation between gold price and gold stockAs it can be seen in the chart we have a high positive correlation between gold prices and Barrick Gold Corporation as they move together. Previously as stock prices formed a new high gold price failed to do so and this represents a bearish divergence between prices and caused stock price to move lower sharply while gold price remained roughly around the prices it was. Now as Gold stock price creates a new low and broke bullish structure to the downside we could expect gold spot price to follow the move and also break the structure to the downside.
NYSE:GOLDShort
by mohemati
USOIL Triangle PatternHi Traders! A symmetrical triangle is forming on the USOIL 1D chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bullish due to the market swings; the lows and highs are starting to get higher, and additionally, the market is above the 20 EMA. As long as the market is still above the 20 EMA, our view will remain bullish. We expect some more consolidation before a possible third attempt at the trendline resistance. Preferred Direction: Buy Technical Indicators: 20 EMA Resistance: 74.91 Support: 72.13 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
TVC:USOILLong
by BluetonaFX
GBPUSD Possible Re-Test Of Monthly HighHi Traders! There is some bullish momentum behind GBPUSD, and there may be a possibility of a re-test of the monthly high. Here are the details: The price action on the 1D chart looks bullish. The market is in an ascending price channel with higher market swings and lower rejection price wicks; the market is also currently above the 20 EMA. Preferred Direction: Buy Resistance: 1.27858 Support: 1.26612 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
📈 AARTIIND: New Year, New Opportunities! Analyzing the UptrendHello traders! It's great to be back with my first post of the year. Today, let's dive into $NSE:AARTIIND. Here's the breakdown: 📉 Directional Shift: The stock is transitioning from a downward to an upward trajectory, signaling a potential change in trend. 📈 Retesting Support: After reaching its previous peak, AARTIIND is retracing to test the support before gearing up for another upward move. 📊 Chart Analysis: Check out the visual for my entry, exit, and profit target. These are the key levels I'm watching closely. 💹 Derivative Trading Strategy: For derivative traders eyeing January expiry, consider 580 or 600 CE for potential opportunities. 🔄 Dynamic Market: Keep in mind that the market is dynamic, and these are just my observations. Always conduct your analysis before making any trading decisions. 🤔 Your Thoughts: What's your take on AARTIIND? Share your insights and strategies in the comments. 🔗 Stay Connected: Let's navigate these markets together. Stay tuned for more posts and updates! Happy trading in the new year! Best regards, Alpha Trading Station
NSE:AARTIINDLong
by AlphaTradingStation
8
EURUSD Price RejectionHi Traders! EURUSD has had double price rejection at the resistance, and there are shorting opportunities near the resistance to target support levels below. Here are the details: There is double price rejection at the 1.09986 level, which tells us that bearish demand is currently too strong in this area. We are looking for a momentum price break and a close below the 20 EMA. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 1.09986 Support 1: 1.09102 Support 2 (monthly low): 1.08770 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
Echoes of the Past: Analyzing E-mini S&P Futures 2008 vs. 2024Introduction to E-mini S&P Futures E-mini S&P Futures stand as a testament to the intricate dynamics of financial markets, capturing the essence of broader economic trends and investor sentiment. As we navigate through 2024, these futures face a situation reminiscent of the prelude to the 2008 global financial crisis. This article embarks on a journey to analyze the current market position of E-mini S&P Futures against the backdrop of October 2007, unraveling the echoes of the past through which we could have a glimpse into the potential trajectory for 2024. Historical Parallels: 2007 vs. Today In October 2007, E-mini S&P Futures approached the precipice of a significant market downturn, attempting to break the all-time high set in March 2000 in vain, marking the peak before the devastating 2008 crash. Fast forward to today, we find ourselves in a similar position, with the market challenging the all-time high set in January 2022. However, the context now is markedly different, with indicators and market fundamentals suggesting a more robust potential for upside than downside. Technical Analysis of Current Market Position A detailed technical analysis paints a vivid picture of the current market. Key resistance and support levels are scrutinized, with a particular focus on how they compare to those of 2007. Indicators such as RSI, and MACD are employed to dissect the market's momentum and volatility, offering insights into potential future movements. Additionally, to ensure the analysis remains impartial, we're utilizing a 42-day regression channel on both prices and indicators. This sophisticated tool will discern whether there's a convergence of trends or, conversely, a divergence between price movements and indicator signals. 2007/2008 Presented a Strong Divergence Prices and Indicator are Not Diverging in 2024 The October 2007 Echo The situation in October 2007 serves as a stark reminder of the market's capacity for sudden and profound shifts. By analyzing the market patterns, investor behavior, and economic indicators from that period, we draw parallels and contrasts to the present day, providing a multi-dimensional view of the potential market trajectory. Breakout Teaser in 07/08 In October 2007, the E-mini S&P Futures made a daring attempt to surge beyond the previous all-time high price levels. However, this potential breakout turned out to be a deceptive "fake-out," setting the stage for a significant downtrend that persisted until March 2009. Consequently, as the potential breakout faltered and the E-mini S&P Futures prices began their descent, they encountered minimal resistance to the downward movement. This was primarily because there were no significant support levels in close proximity, leaving a considerable gap until the next substantial support zone was encountered at markedly lower price points. Potential Opportunities Amidst the Bad News Despite the ominous shadow of 2007, the current market scenario reveals opportunities. The bad news dominating headlines may indeed present favorable conditions for trading E-mini S&P Futures at more attractive prices. An objective analysis, free from the emotional weight of the past, reveals a market teeming with potential for informed traders. Break-Out or Fake-Out this Time? The above chart bears a striking resemblance to the scenario observed in October 2007. However, it's crucial to acknowledge the distinct differences in our current market conditions. In 2024, the convergence of the RSI and MACD with the price, as opposed to divergence, paints a notably different picture. Furthermore, as depicted in the chart below, the proximity of significant support price levels forms a robust barrier, challenging the development of a downtrend and underscoring the unique nature of the current market landscape. Forward-Looking Insights The analysis leads us to a series of forward-looking insights. A comparative historical approach, coupled with current technical analysis, suggests that while the market is at a critical juncture reminiscent of 2007, the outcome may not necessarily follow the same path. The article discusses potential market scenarios for E-mini S&P Futures, considering the interplay of economic reports, investor sentiment, and global events. With this delicate balance, influenced by both past events and current market conditions, we present a comprehensive detailed trade plan which would benefit from such potential new all-time high prices being formed. Trade plan elements for a Risk-Defined E-mini S&P Futures Opportunity: Understanding the Instrument : E-mini S&P Futures is a futures contract with a point Value of $50 per point. Traders willing to reduce the risk of the trade can use MES (Micro ES) which would reduce the exposure by a factor of 10 times less. Risk Management : Experienced traders prioritize risk management. Using stop-loss orders or hedging techniques is imperative to avoid undefined risk exposure. Precision in Entries and Exits : Aligning entries and exits with relevant market price levels can help manage risk. When a price point generates a bounce, the trader stays in the trade; if a price level is violated, the disciplined action is to exit the trade promptly for a predetermined loss. Relevant Price Levels for E-mini S&P Futures : Currently, ES1! shows relevant support levels starting 4662.50. Proposed Trade Plan: ENTRY: At a significant support level identified by the analysis: 4662.50. STOP-LOSS: Set at a calculated risk level below the entry: 4481.25. TAKE PROFIT TARGET: Aimed at an identified resistance level which in this case does not exist and therefore we are taking a Fibonacci projection: 5300.50. This plan offers a structured approach with a clear Reward-To-Risk ratio, aiming to capitalize on potential market movements while ensuring disciplined risk management. Navigating 2024 with Lessons from 2008 As traders look to navigate the uncertain waters of 2024, the lessons from 2008 become invaluable. The article provides a nuanced strategy framework that incorporates risk management, market timing, and scenario planning. It emphasizes the importance of vigilance, adaptability, and informed decision-making in capitalizing on potential market movements. Conclusion The echoes of 2008 reverberate through today's market, presenting a unique blend of challenges and opportunities for traders of E-mini S&P Futures. By analyzing the past and present, this article provides a comprehensive view of the potential market dynamics for 2024. It concludes with strategic insights and a potential opportunity for traders to leverage the lessons from the past while remaining agile and informed in the face of future uncertainties. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes, forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CME_MINI:ES1!Education
by traddictiv
SPX Bull Run May Be OverHi Traders! SPX looks to have fallen short of the record high, and there could potentially be a big pullback that is about to occur. Here are the details: There is an evening star candle pattern currently on the 1W chart, and this is the first week the market's weekly open price has opened substantially lower than the previous week's closing price in about 8 weeks. We are looking for a pullback to test the previous resistance break at 4637.30, which is now the support, and if the market breaks below that, then the next level will be trendline support at 4331.90, which lines up with the 38.2 Fibonacci retracement level at 4311.69. Preferred Direction: Sell Technical Indicators: 20 EMA Resistance: 4818.62 Support: 4637.30 Trendline Support: 4331.90 38.2 Fibonacci Support: 4311.69 Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
TVC:SPXShort
by BluetonaFX
2
Insights into Bitcoin Futures as 2024 brings new regulations inIntroduction to Bitcoin Futures Bitcoin Futures represent a significant intersection of traditional financial markets and the innovative world of cryptocurrencies. They allow traders to speculate on the future price of Bitcoin, providing a way to hedge against price volatility or to profit from price movements. As we step into 2024, the potential approval of spot Bitcoin ETFs is poised to further transform the landscape for Bitcoin Futures. The Impact of Spot Bitcoin ETF Approval Spot Bitcoin ETFs are directly tied to the current price of Bitcoin (spot price). Their likely potential approval by U.S. regulators could have substantial implications for the Bitcoin market. Firstly, it's expected to increase market liquidity by providing an accessible avenue for traditional investors to enter the cryptocurrency space. Secondly, it could lead to greater price stability and potentially higher prices due to increased demand. However, it's also important to consider the potential risks, such as amplified market reactions to regulatory news and changes in the underlying asset. Parallel Analysis of Other ETFs To understand the potential impact of a Bitcoin ETF, it's instructive to look at the introduction of other commodity and currency-based ETFs: GLD (Gold ETF): Following the introduction of GLD, which is linked to COMEX Gold Futures (GC), the gold market saw increased liquidity and interest from new investor segments, contributing to significant price rallies. GLD Performance Chart SLV (Silver ETF): Similar to GLD, the introduction of SLV, linked to COMEX Silver Futures (SI), led to increased investor participation and price movements in the silver market. SLV Performance Chart FXE (Euro ETF): Linked to CME Euro Futures, FXE provided investors an easy way to gain exposure to euro currency movements, affecting trading volumes and price volatility. FXE Performance Chart USO (WTI Crude Oil ETF): Tied to NYMEX WTI Crude Oil Futures, USO's introduction affected the oil market by providing more access and potentially contributing to price movements during significant market events. USO Performance Chart Historical Implications for Bitcoin The history of these ETFs suggests a pattern: the introduction of an ETF could lead to increased market participation and, often, significant price movements. For Bitcoin, the approval of a spot ETF could similarly increase market participation and price volatility, at least in the short term. Over the long term, it could help stabilize and mature the market as more institutional investors get involved. Forward-Looking Insights Given the potential approval of spot Bitcoin ETFs, traders and investors in Bitcoin Futures might expect several scenarios. An immediate increase in volatility could be likely as the market adjusts to the influx of new participants. Over time, we might see a more liquid and stable Bitcoin market. Planning for a Risk-Defined BTC Opportunity: Risk Management : Experienced traders prioritize risk management. Using stop-loss orders or hedging techniques is imperative to avoid undefined risk exposure. Precision in Entries and Exits : Aligning entries and exits with relevant market price levels can help manage risk. When a price point generates a bounce, the trader stays in the trade; if a price level is violated, the disciplined action is to exit the trade promptly for a predetermined loss. Relevant Price Levels for BTC : Currently, BTC shows relevant resistance levels starting at 51,585 and support between 39,640-34,295. Proposed Trade Plan: ENTRY: 39,640 STOP-LOSS: 34,295 TAKE PROFIT TARGET: 51,585 This trade plan offers a 2.23 Reward-To-Risk ratio, providing a structured approach to capitalizing on potential market movements. In order to manage risk and use the right contract size, traders need to take into consideration the Point Value for BTC Futures being $25 per point. Traders should prepare for both the opportunities and risks this change could bring, considering strategies that allow flexibility and risk management. Conclusion The potential approval of spot Bitcoin ETFs in 2024 is set to make waves in the Bitcoin Futures market. Drawing parallels from the history of other ETFs, we anticipate increased market participation and potential price movements. As we navigate this evolving landscape, staying informed and adaptable will be key to capitalizing on the opportunities and navigating the challenges ahead. When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies. General Disclaimer: The trade ideas presented herein are solely for illustrative purposes, forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
CME:BTC1!
by traddictiv
USDJPY Under More PressureHi Traders! USDJPY is under more pressure as we head into the final trading days of the year. Here are the details: The price action here on the 4H chart is extremely bearish. The 20 EMA has been broken, the market swings are getting lower and lower without any bullish pullbacks suggests that there are hardly any bulls in the market at this current time. We anticipate that the market will soon break below the 140 psychological level. Preferred Direction: Sell Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
EURCADhello new friends , please feel free to ask any question in comment . @ anyways this is A+ set up .Every time that STRONG trend , and the market already Break the sctructure ! and you pull your fibs to by at discount price is always the ideal . 1 4h fair value gap that needs to e filled before the continuation to down side heavy ! some people call fair value gap some liquidity basically the same thing . 2 that's break and retest , meaning the support turn into resistance , and a lot traders use that strategy that gonna help push the price down 3 which is my favor is the fibs levels , as you might notice my fibs have 3 level of discount price on the good day we always looking at 1to 7 rr, sometimes 1:5 rr which pretty good . 4 last , we trading with very strong trend that means once the buyers can start falling apart we heading down a lot fast than come up :) side note : I feel pretty good about this set up , I took the first sell down and hit tp and I was waiting for pull back for another nice continutaion
Short
by stockmarket809
2
Bearish Outlook on EURUSD ContinuesHi Traders! EURUSD continues its bearish outlook as the market is now in a descending channel. Here are the details: After the double top on the higher timeframe idea (see link below), the market looks to have run out of steam to break the resistance level, which provides additional opportunities for short entries to target the support level at 1.08860. We are now looking for a break and a close below the 20 EMA for a confirmation signal. Preferred Direction: Sell Entry Level: 1.09612 Stop Level: 1.09986 Target Level: 1.08860 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
8
SPY Bull Run Eyes $492 Post-FOMC: Key Indicators & Gaps AnalyzedSPY's Bullish Surge: Decoding Market Indicators and Gaps The SPY is riding a bullish wave, scaling new heights with remarkable momentum. On my chart, three proprietary indicators are at play, offering unique insights into the market's pulse. Particularly noteworthy is the indicator that measures cycle direction strength across time frames. Currently, it signals substantial bullish force from the higher period cycles – a force that remains unyielded. Post-FOMC statements have set the upper resistance for SPY around $492, and that's my line in the sand for considering any short positions. We're not there yet, and the strength indicators suggest the climb isn't over. Thursday's trading painted a complex picture: an impulse wave downwards, which acts as a correction to the previous day's upward surge, left a notable gap at 472.30. The odds are in favor of this gap being filled before the market rings in the new day. Yet, from the vantage point of the shorter cycle, the target gap stands higher at 462.88. When it comes to trading these gaps, the rule of thumb is clear: the market must tread in the gap's direction for it to be closed. As traders, we watch these patterns closely, for they often spell the difference between an ordinary trade and a strategic win. Stay tuned, follow for updates, and trade with the confidence of informed insights.
AMEX:SPYLong
by Saver0
AUDUSD Breakout Opportunity Hi Traders! AUDUSD is in a descending triangle, and there is a possibility of a break below the trendline support. Here are the details: The market is trending down with swings of lower highs and lower lows following the break and close below the 20 EMA. Our idea is to sell rallies, looking for a break below the support trendline and exit at 0.64924. Preferred Direction: Sell Entry Level: 0.65614 Stop Level: 0.65959 Target Level: 0.64924 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
2
Shipping is a strong indicator!Shipping can be used a leading indicator to gauge where the market as a whole is going. Just like the XHB the home building chart, I don't trade this. I only use it a guide to get a into the drivers of the market. If shipping is up, then the markets will follow, is building up, so too will the market. As we can see, shipping made a low last year in September and has made higher highs since then. we now just wait and watch the indicators for bullish crosses that seem to be building upward. A Stochastic cross above the 20 on this 3 week chart is what we are looking for and is considered bullish. Same with the MacD, we are looking for the beige line to cross the purple line. Once these happen on the three week we will then change to the monthly and look for the same. The moving average I'm using is the CM_Ultimate_MA . Price action moving above this line and turning it green is a very positive move as well. Once again to be clear, we have an up trend in the shipping, if it continues then the recession is likely over and the markets will move along with it. It will be even more likely on the monthly confirmation of price action and indicators. I will link the XHB home builders chart I did last year down below. Best regards in 23 WeAreSat0shi
SPARKS:SHIPPINGLong
by WeAreSat0shi
7