Stocks May Be OversoldThe S&P 500 has been falling swiftly, but it may be considered oversold.
The first pattern on today’s chart is Wilder’s Relative Strength Index (RSI) in the lower study. RSI slipped below 30 for the first time since October 2023. That could make some traders think it’s due for a potential bounce.
Next, the middle study includes our MA Distance custom script. It shows price dropped the furthest below its 50-day simple moving average (SMA) since October 2022. That may also suggest it’s experienced a healthy pullback.
Third is July 5’s last price of 5567, which was the first weekly close in the second half of 2024. It became resistance in early August and support in two subsequent weeks. SPX held that level again yesterday, so it may be reemerging as a meaningful area.
If the index manages to stabilize here and rebound, how high might the bounce go? Traders could potentially look to the price zone between January 13's low of 5773 and the March 4 low of 5733. It’s also near the 200-day SMA.
Investors with a longer-term view may expect further volatility given the sharpness of the recent drop and the uncertainty caused by tariffs. That may prompt them to eye a deeper low around 5402, where SPX held in early September before breaking out to new highs.
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Moving Averages
Bitcoin Tests Resistance: Will the CME Gap Get Filled?Bitcoin ( BINANCE:BTCUSDT ) continued its downward trend as I expected in the previous post , but over the past 12 hours , Bitcoin has started to increase from Potential Reversal Zone(PRZ) . The question is whether this upward trend will continue in the past few hours or not !?
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JOLTS Job Openings & Its Potential Impact on Bitcoin
The JOLTS Job Openings report will be released today, March 11 . It provides key insights into the U.S. labor market . This data can influence the Federal Reserve’s monetary policy stance , impacting risk assets like Bitcoin.
Potential Impact on Bitcoin :
Higher-than-expected job openings : Signals labor market strength, increasing the likelihood of Fed tightening → Bearish for Bitcoin
Lower-than-expected job openings : Suggests labor market weakness, increasing the odds of rate cuts → Bullish for Bitcoin
Historical Influence :
In previous months, JOLTS data has triggered volatility across financial markets, including crypto. For instance, a sharp decline in job openings last year led to a weaker dollar and Bitcoin rally. Conversely, stronger-than-expected job numbers have reinforced hawkish Fed expectations, pressuring Bitcoin.
I believe there's a higher probability that the JOLTS report will come in weaker than expected, which could lead to a short-term rally in Bitcoin and gold. However, if the report is stronger than anticipated, we might see temporary selling pressure in the market. What is your idea!?
Today's positive news was " Trump Plans Order to End Crypto Banking Restrictions ". In general, Trump's statements no longer affect the crypto market as much as before. Do you agree with me?
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Now let's take a look at the Bitcoin chart on the 1-hour timeframe and use technical analysis tools .
Bitcoin is moving in the Resistance zone($84,130_$81,500) and near the 200_SMA(Daily) .
According to Elliott Wave theory , Bitcoin has completed five down waves , and we should wait for the next up waves . One of the signs of the end of wave 5 is the presence of a Regular Divergence (RD+) between two consecutive valleys .
According to the above explanation , I expect Bitcoin to re-attack the Resistance zone($84,130_$81,500) after a downward correction and attempt to fill the CME Gap($86,400_$84,200) .
Note: If Bitcoin can move above $87,200, we can expect the start of an uptrend.
Note: We should expect a bigger drop if Bitcoin falls below $72,000.
Please respect each other's ideas and express them politely if you agree or disagree.
Bitcoin Analyze (BTCUSDT), 1-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
BUY XAUUSD NOW Hey everyone I just executed Gold buys to a new ATH tho I know we were waiting for price to break that consolidation zone price haven’t yet but price went to my Daily support zone and pushed up so I executed after a breakout of that mini zone as you can see price gave us a nice retest and executed immediately after that bullish engulfing candle so let’s see how it goes….
Sweet Spot To Sell The BTC Pullback In a strong downtrend. Every pullback on the 4hr and Daily chart will be hyped by the bulls & super cycle evangelists as a "WE'RE BACK" moment.
I will continue to take this same setup, selling Major swing highs on 4HR & Daily chart on BTC until the Daily Chart flips bullish. Until then or some news come out, we will remain in the downtrend until we hit the target shown in my last analysis, see link below.
Just like we drew it up. (Laser Eyes)2 different scenarios for bulls here. Sentiment is at a major low and many are giving up and waving the white flag... this makes me more bullish for the future. Forget "altseason" and the meme narratives, and focus solely on Bitcoin as the crypto market. It is still not done and has much more to run. See the similarities panning out currently from 2024. Could it be a coincidence or manipulation to make the chart look so similar? No one can be certain but either way, we can guess where this is heading regardless.
ETH - kiss of death repeating pattern confirmed - now what?Fact: Every time in history that we have closed a breakthrough candle on the monthly chart through the 21 SMA on ETHUSD, we have entered a bear market.
Fact: We did just that with February's monthly candle.
The same exact pattern has repeated 3x already.
Will this be any different this time?
Engulfing candle as Entry and target using FibonacciMy Script is a personal experience of trading. i am looking for Engulfing candle to and validate the bias then i will make an entry position. my SL and TP is according to the Fibonacci calculation. that is why the target is dynamic defend on the result of Fibonacci.
#ZECUSDT #1D (Binance Futures) Descending channel breakoutZcash broke-out printing a morning star, looks good for recovery towards 100EMA resistance.
⚡️⚡️ #ZEC/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (2.0X)
Amount: 5.9%
Current Price:
36.12
Entry Zone:
36.05 - 33.55
Take-Profit Targets:
1) 41.83
1) 47.12
1) 52.42
Stop Targets:
1) 28.92
Published By: @Zblaba
SEED_DONKEYDAN_MARKET_CAP:ZEC BINANCE:ZECUSDT.P #1D #Zcash #Privacy z.cash
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +40.4% | +70.8% | +101.3%
Possible Loss= -33.8%
Estimated Gaintime= 1-2 months
BTC | 4H - 1W | MACRO UpdateBTC has seen a clear bearish trend in the 4h timeframe, after the cup and handle pattern failed to play out. We also notice consecutive lower lows and lower highs, a key sign of a bearish trend.
The technical indicators have turned bearish, and from a macro timeframe is shows a stairstep down may be on the cards.
The moving averages in the daily has turned bearish as we lose the 200d MA.
I hate to say it - but BTC is in full fledge bear mode 🐻
________________
BINANCE:BTCUSDT
How Long Can Micron Hang On?Micron Technology has remained above a key level despite weakness in the broader market. Is it vulnerable to a breakdown?
The first pattern on today’s chart is the September 12 low of $84.12. MU has remained above that level, but would-be sellers may watch for a potential close below that support.
Second, the 50-day simple moving average (SMA) is below the 100-day SMA. Both are under the 200-day SMA. That may suggest its longer-term trend has gotten more bearish.
Third, our 2 MA Ratio script in the lower study shows the 8-day exponential moving average (EMA) has crossed below the 21-day EMA. That may suggest bears are gaining an edge in the short term.
Next, TradeStation data shows MU is the twelfth-busiest options underlier in the S&P 500. (Average volume in the last month is about 175,000 contracts per session.) That could make some traders look to position for moves with calls and puts.
Finally, earnings after the closing bell on March 20 may serve as a potential catalyst for movement.
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‘Death Cross’ in Las Vegas SandsLas Vegas Sands has been trying to overcome weakness in travel stocks, but some traders may see downside risk.
The first pattern on today’s chart is the December high around $56, slightly above the peak in February 2024. Its failure to break out could suggest the casino operator is trapped in a range.
Second, the August low of $36.62 may be viewed as the potential bottom of the range. Does that create a potential space below Monday’s close of $45.34?
Third, LVS has been unable to stay above either its 50-day simple moving average (SMA) or its 200-day SMA.
Finally, the 50-day SMA just formed a “death cross” below the 200-day SMA. That may suggest its longer-term trend is weakening.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
BTC reaction at the 200SMA is looking WICKED BTC is my leading market indicator so once spy pulls back 15% or so I’ll be looking for BTC to find a bottom.
It’s March and the market is going down as seasonality run its course. A healthy correction in Spy should be around 15% however -2/+2 could be more precise. The chart is labeled with 15% as the ideal support. I’ll be looking for January 2026 calls for yearly end targets based off analyst projections.
Its Been A Long Time Hasn't It?I see a possible horrible set up coming. But also an incredibly easy set up for the current US Administration to revert policy at a certain level.
I start to wonder if they are actually not looking at the market like they said. Its not like you need to look at the market for more than 5 minutes a day after doing a SINGLE in depth analysis on a longer time frame.
We will se what happens.
XLM Crashes Below Key Support – Is a Reversal Near?XLM has broken its previous low, raising the question: where is the next major support zone? To determine this, we will focus on fibonacci, moving averages, and order blocks to find a high-probability bounce area for a potential long position.
🔍 Fibonacci Retracement – Locating the Next Support Level
Using the Fibonacci retracement tool from the low at $0.0757 to the high at $0.6374:
0.618 Fib Retracement → $0.2903 (Already Lost) ❌ Current Price: $0.248
Next Major Fib Level – 0.786 Retracement at $0.1959
Since the 0.786 Fib level is a key retracement point, we need further confluence factors to confirm its strength as a potential support zone.
🔗 Confluence Factors Strengthening the Support Zone ($0.1959 – $0.17179)
1:1 Trend-Based Fibonacci Extension
High: $0.6374
A: $0.3179
B: $0.515
1:1 extension aligns at $0.1902 → Strong confirmation near 0.786 Fib retracement ✅
Wave A-B Fibonacci Extension
1.618 Fib extension from wave A to B is at $0.1875 → Aligns with the 1:1 trend-based extension ✅
Daily Support Level at $0.1962
Sits almost exactly at the 0.786 retracement ($0.1959) ✅
21 EMA & 21 SMA for Moving Average Support
21 EMA at $0.20338
21 SMA at $0.17187
Order Block Between $0.2208 – $0.1964
Demand area aligns with the major support zone ✅
Key Takeaway:
A high-probability support zone is now identified between $0.1959 and $0.17179, with multiple confluences suggesting a strong potential bounce.
Trade Plan – Scaling Into a Long Position
Given the strong confluence at the support zone, the best approach is scaling into a long trade.
DCA Entry Strategy:
Start scaling in at $0.22, as an order block exists between $0.2208 – $0.1964
Main focus remains on the support zone ($0.1959 – $0.17179)
Stop Loss:
Below the 21 SMA ($0.17187) for invalidation
Take Profit Levels for Optimal R:R:
First TP at $0.25 → Resistance area
Next TP at $0.30 → Strong psychological & resistance level
R:R Approximation:
2:1 R:R for first TP ($0.25)
3:1+ R:R if targeting $0.30
High-Probability Support Zone Identified
✔ Multiple confluences confirm a strong support zone at $0.1959 – $0.17179
✔ Scaling into a long from $0.22 to $0.17179, with stop loss below the 21 SMA ($0.17187)
✔ Take profit levels set at $0.25 & $0.30 for a solid R:R trade
Alternative bullish scenario: A reclaim of lost key low at $2526 with rising volume could signal a long opportunity, only on confirmation.
💬 Will XLM bounce from this key support? Let me know your thoughts in the comments! 🚀🔥
Short term bearish Daily - 03/10/25
Broke and closed under 50MA; seems bearish.
Trend: From 13.98 to 66.91. (Overnight trading price touched $40.00.)
Gaps: There are gaps that may need to be filled between 25.31 - 34.20.
Potential Buy Area: If the price tests and rejects 34.20, it could present a buying opportunity.
Indicators: Use RSI and MACD to confirm that buyers are in control. If the price breaks & Rejects 34.20, we’ll most likely see it drop to 25.31 and close those gaps before we make our way back up for earnings.
Disclaimer: This is not investment advice; invest at your own risk.
Redfin | RDFN | Long at $8.64Redfin $NASDAQ:RDFN. Yes, housing is starting to finally slide as mortgage rates remain high, housing inventory increases, and pending sales drop. I can see an argument to wait to enter NASDAQ:RDFN and I can't truly argue against it for 2025 (a dip is possible into the $4's if things really take a bad turn). But what I like about Redfin is they do not invest in homes where there is substantial risk during a housing pause or downturn. They purely make money through real estate services (brokerage and marketing), subscription services for listings, mortgage services (fees and interest), and other services.
When mortgage rates drop, the housing market will shift rapidly - which is honestly going to be a big problem in the long-term as the desperate buyer grabs a 4-5% mortgage (vs the current 6.5%-7%) for the "deal" on a home they can't truly afford...
During this eventual shift, Redfin and Zillow NASDAQ:Z will do well. It's just a matter of
"when" will it occur. At $8.64, NASDAQ:RDFN is in a personal buy zone. If the price dips further after earnings, I will be accumulating more shares (unless the company is crumbling).
Targets into 2027:
$11.00
$15.00
$20.00
$25.00
BTCUSDT: Signals a 2-Week Retest—Trend Still Alive
BTC’s been wild, but zoom out to the 2-week chart— we’ve got a solid uptrend with higher highs and lows. Last week’s dip isn’t a reversal—it’s a retest of the 50-day EMA (around $64.8k as of March 10, 2025). Volume’s thinning, RSI’s looks oversold. Indicators flashed a ‘hold’ here—no sell signal yet, which tells me the trend’s got legs or at least a bounce.
Bullish Case : If BTC holds the retested level (e.g., a prior resistance-turned-support), it could resume upward momentum. A two-week stabilization suggests accumulation, and a break above the recent high could target the next psychological level (e.g., $90,000).
Bearish Risk : If the retest fails—price breaks below the key level with high volume—it could signal a deeper correction, potentially revisiting lower supports (e.g., $70,000 or $60,000). A two-week trend turning into a failed retest might indicate profit-taking or macroeconomic pressure with all the news.
It's worth just taking a zoomed out look, no panic just yet and let it play out a little more.