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US30 Bearish King of Pips strategy and a bearish forecast for US30:
Strategy Overview
The King of Pips strategy is a technical analysis-based trading approach focusing on identifying trend reversals and continuations. This strategy combines multiple indicators and chart patterns to gauge market sentiment and predict price movements.
Key Components
Entry and Exit Points : Utilize candlestick patterns (e.g., hammer, shooting star) and indicator divergences.
Risk Management : Set stop-loss orders and position sizing.
Bearish Forecast for US30
Based on the King of Pips strategy, we anticipate a bearish outlook for US30:
Trading Plan
1. *Entry*: Short US30 at $42,588.
2. *Stop-Loss*: $42,767.
3. *Take-Profit 1*: $42,506.
4. *Take-Profit 2*: $42,425
4. *Position Sizing*: 2% of account balance.
Please note that this forecast and strategy are hypothetical and not investment advice. Trading carries risks, and you should consult your financial advisor before making decisions.
Ethereum ETH Will Outperform Bitcoin In 2025!Hello, Skyrexians!
Recently we analyzed the Ethereum price chart and we expect the huge growth, but there is another one important question, what is going to be more profitable in the upcoming year, sit in Bitcoin or Ethereum? CRYPTOCAP:ETH.D can help us to answer this question. Moreover, if ETH will outperform the market, layer 2 such as BINANCE:OPUSDT , BINANCE:ARBUSDT and BINANCE:STRKUSDT will also show the great performance. We know that most of you are thinking that these projects are dead, but in case of this analysis plays out they can revive from the dead zone!
Let's take a look at the monthly time frame. Since the previous bull run ETH dominance is in large correction. Previous growth we can count as the wave 1 which has been finished with the red dot on Bullish/Bearish Reversal Bar Indicator . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
After this wave we have seen the large wave 2 with the ABC shape. It could be already finished with the green dot in the target area inside Fibonacci 0.61. Now it's time for wave 3 which has the target at 37%.
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Skyrexio Team
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AAVE/USDT Technical Analysis$AAVE/USDT Technical Analysis
CRYPTOCAP:AAVE is currently trading at $335.94, reflecting a +5.32% gain for the day. The price is consolidating within a symmetrical triangle pattern, indicating potential for a breakout. A bullish move above the triangle could set the stage for significant upside, targeting higher levels.
Support Zone (Long Entry): $271.50
Target 1 (T1): $432.51
Target 2 (T2): $533.51
Target 3 (T3): $628.49
BTCUSD BUY ANALYSIS (READ CAPTION)hello traders! share your opinion on this analysis.
current price: 937000
BTC is about to fly soon. Market is moving above supporting area as market has already rejected this low position multiple times. now from this position BTC will go upward and fly. its first target will be to hit 98000 and after this market will try to cross 100000.
Key points:
Supporting Area: 93000, 92200
Resistance: 96000, 99000
Note:
Target 1: 98000
Target 2: 102000
Stop Loss: 91500
kindly like, comment and support.
#NIFTY Intraday Support and Resistance Levels - 24/12/2024Flat opening expected in nifty. After opening if nifty starts trading above 23800 level then possible it will consolidate in between 23800-24000 level. Below 23750 downside expected upto the 23500 level. 24000 level will act a strong resistance for today's session. Any upside rally can reversal from this level.
$AMD GAP FILL 138 & 160A stock gap occurs when there's a significant jump in a stock's price after market closure, typically driven by some news. When this gap is filled, it indicates that the stock's price has reverted to its pre-gap, or "normal," level. This common occurrence happens as the price stabilizes after the initial rush of buying and trading sparked by the news subsides.
Exhaustion gaps are usually the most likely to be filled because they indicate the end of a price trend.
BUY NOW
According to 30 Wall Street analysts who provided 12-month price targets for Advanced Micro Devices over the past three months, the average price target is $182.18. The high forecast is $220.00, and the low forecast is $145.00. This average price target indicates a 46.14% change from the last price of $124.60 (as of 12/23/2024)
NASDAQ:AMD 's growing presence in the markets for central processing units (CPUs) and graphics processing units (GPUs) is poised to drive significant stock gains. We foresee a robust outlook for the semiconductor specialist's Epyc CPUs in the server and data center segment, as well as strong performance from the company's M1350 and M1400 GPUs.
+ NASDAQ:AMD net profit YoY grew by 777.88% which is 633.31% above its peer average
+ NASDAQ:AMD revenue has grown by 17.57% YoY from Q3 2023 to Q3 2024
+ NYSE:MD EPS is forecasted to grow by 41.26% YoY from Q4 2023 to Q4 2024
+ NASDAQ:AMD has a lower debt to equity ratio (3.02%) compared to its peer average (33.87%)
+ NASDAQ:AMD 's debt to equity ratio has reduced from 40.07% to 3.02% over the past 5 year
USTEC (NASDAQ 100) - Sell Limit Opportunity After Liquidity GrabUSTEC has reached a significant liquidity zone above resistance, offering a high-probability sell limit setup. This move suggests the market has cleared stop-losses and is poised for a bearish reversal.
Key Observations:
Liquidity Grab: The price spiked above a key resistance level, triggering stop-losses and trapping breakout buyers.
Market Structure: Signs of bearish rejections and diminishing bullish momentum indicate a potential downside move.
Optimal Entry: A sell limit at aligns with the liquidity sweep and anticipated reversal zone.
Trade Plan:
Entry: Sell limit at , targeting a move downward from the liquidity zone.
Stop Loss: Above the liquidity sweep to protect against false breakouts.
Take Profit: Targeting support levels around for an optimal risk-reward ratio.
Risk Management:
This setup uses the liquidity grab to pinpoint a strategic entry. Ensure disciplined risk management and proper position sizing. Monitor for bearish confirmation before executing the trade.
Optimism (OP):The Hidden Gem Poised for a 5x Rally—Don't Miss A tempting investment possibility, the OP/USDT chart shows a good potential for significant increase in the next bull run. This is a thorough analysis:
### **Main Points of Interest** 1. **Levels of Support and Resistance:**
The present price of $1.804 indicates a good entry point because it is close to the strong support zone at $1.965.
- The following key resistance levels—$2.10, $2.54, $2.97, and $3.43—indicate possible short-term price goals.
- A far bigger rise could begin if the price breaks above $3.43.
The price is closely interacting with the 200-day EMA ($1.969) and 50-day EMA ($2.102), as shown in **Moving Averages (EMA):**. A well-known bullish indication is the "Golden Cross" situation, which occurs when the shorter EMA crosses over the longer EMA.
A breakout might be fueled by a robust rebound from these levels.
Index of Relative Strength (RSI):
Right now, the RSI is hovering close to the neutral zone at 47.24. This indicates that there is potential for substantial upside momentum as purchasing pressure increases because the asset is neither overbought nor oversold.
Analysis of Volume:
Growing investor interest is indicated by a recent increase in trading volume. Such volume spikes typically occur before price breakouts.
Historical Trends:
The OP/USDT saw tremendous increase from comparable levels during the previous bull cycle, swiftly hitting new highs. If this pattern continues, it might reach more than $10.
Bullish Projections: OP/USDT might rise to $10 or higher in the event of a larger market bull run, which would be more than a five-fold return from current levels. The asset presents a great chance for long-term growth due to its technical positioning and solid fundamentals.
Investment Plan:
Short-Term Goal: $2.10–$3.43 (low resistance breakout levels)
Target for the medium term: $5–$7.00 (strong resistance areas in prior rallies)
Long-Term Goal: $10 or more (possible goal for the next bull market high)
Appeal to Investors:
OP/USDT is a high-upside investment because to its current undervaluation and track record of outperforming in bullish markets. It is a desirable asset for both short-term traders and long-term holders because of the possibility of exponential returns and the controllable downside risk brought about by solid support.
Dollar Cost Averaging, or DCA, in a Strategic Investment Plan:
Build a position gradually to reduce the risks associated with short-term volatility. During dips, increase your allocation to the $1.70–$1.80 area.
Hold Long Term, or HODL:
A long-term holding strategy might generate significant profits due to OP's solid fundamentals and alignment with upcoming market trends.
Opportunities for Active Trading:
For the long-term bull case, use swing trading around the resistance levels while maintaining a core position.
Next Steps
Monitor key metrics such as:
On-chain activity (TVL, daily transactions)
Exchange inflow/outflow data
Social sentiment indicators
Place alerts for breakout above $2.10 and $3.43.
Review quarterly development updates from the Optimism Foundation for news on network upgrades or partnerships.
Bullish on Gala: My Updated PerspectiveWhen it comes to trading, my priority is always to protect my capital. If I have doubts, I don’t hesitate to step out of the market. As anyone in crypto knows, this space is notorious for wiping out gains quickly, and my focus is on preserving mine.
That said, today’s price action gave me the confirmation I needed to re-enter Gala and turn bullish on the altcoin market. Before diving into the factors that shifted my outlook, let’s revisit the concerns that initially kept me out:
Bitcoin’s bearish outlook: I feared it could drag down Gala and other altcoins.
Bitcoin dominance potentially invalidating my 0.618 Fibonacci theory.
High stochastic RSI on the weekly chart with a bearish crossover.
Now, let’s break down how today’s developments allowed me to rationalize these concerns and form a bullish bias for Gala and altcoins. I’ll also share additional confluence factors at the end.
1. Bitcoin’s Bearish Outlook: Will It Drag Down Gala and Alts?
Today I posted a detailed analysis on 'BTC Dominance' (please check it out for more context), but here’s a summary: In 2021, Bitcoin experienced a similar scenario, leading to a 31% correction. My outlook on Bitcoin remains bearish in the short term, but today’s price action made me consider a key question: How did altcoins react when Bitcoin dropped 31% in 2021?
Interestingly, during that period, the total market cap of altcoins expanded. This makes sense because funds tend to flow out of Bitcoin into altcoins, explaining why alts can rally even as Bitcoin corrects. We saw a similar dynamic today when Bitcoin dropped to GETTEX:92K with almost no impact on altcoins. This suggests a potential decoupling between BTC and ALTS, which reduces my concerns about Bitcoin dragging down the market.
2. Bitcoin Dominance: Does It Invalidate the 0.618 Fib Theory?
In November, Bitcoin dominance rejected at the 0.618 Fibonacci level, much like it did in 2021, signaling the start of an alt season. Recently, however, dominance surged upward, leading to a temporary altcoin pullback. My concern was that if dominance surpassed 0.618, it would invalidate the theory.
Today, dominance took a sharp dive, which has significantly strengthened my confidence in the bullish case for altcoins. This price action supports the idea that we are indeed on the verge of an alt season.
3. High Stochastic RSI on the Weekly Chart: A Lingering Concern
To be fair, the stochastic RSI on the weekly chart remains elevated for most altcoins, with a bearish crossover. However, recent market movements have caused it to come down slightly. While this isn’t ideal this is my only lingering point. The monthly and daily charts show a bullish stochastic RSI, which offsets some of my concerns. Admittedly, this is the one area where I wish conditions were slightly more favorable, but it doesn’t outweigh the stronger bullish signals elsewhere.
For example, the Stochastic RSI is bearish on BTC Dominance which supports a Bullish Stochastic RSI on Gala.
Final Thoughts
With these concerns addressed—or at least rationalized—I feel more confident about re-entering the market. While no setup is ever perfect, today’s developments have reduced my hesitation and strengthened my bullish case for Gala and altcoins. Let’s see where this market takes us! 🚀
What Next
I will hold my trade for the entirety of Wave 3, for those that are not aware each wave consists of 5 impulses I won't be trading the swings. I will be however looking for the top of Wave 3 to exit but I can't imaging that will be for a few weeks yet.
Instead, I will monitor prices at key level's which are as follows -
1. Confirmation of Wave 3 when price breaks 0.066%
2. My first price target is between $0.11402 - $0.13126.
I will provide price updates at those points.
#BTC Potential Head and Shoulders Structure📊#BTC Potential Head and Shoulders Structure☕️
🧠Yesterday, I set a long limit order in the support area 85700-90400 in order to find a rapid decline. However, it rebounded early, indicating that the previous expectations were invalid, so market risks need to be re-evaluated.
➡️We can see from the strong rebound that the support here is very heavy, so it is reasonable to form such a rebound.
➡️There is no bull signal appearing yet, so we need to remain patient. If we can build a bullish head and shoulders structure in the support area, it means that the trend reversal is likely to begin, so we can participate in long transactions normally.
Let's see👀
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BITGET:BTCUSDT.P
BTC and DJI/SPY correlation with markersI am using DJI(Dow Jones Index) as proxy for SPY here to compare it against BTC price movement. The analysis of BTC correlation with indices remain same, if we interchange DJI and SPY.
The Day chart displayed here is marked with vertical lines on the matching lows and highs. As you can see, BTC low or high is perfectly matching with the indices lows/high DATE wise. Sometimes, its off by 1 day earlier or later.
Sometimes, when DJI is at the peak and moving sideways, it is possible that BTC can make small correction and move back to peak. Here caution must be exercised when entering BTC, as the market is yet to correct.
Timing on indices lows and highs, can greatly amplify our returns on BTC price movement.
Stay tuned for my next post, where I'll reveal a list of stocks poised to maximize returns when timed with BTC price movements.
#SOL Head and Shoulders Structure📊#SOL Head and Shoulders Structure📈
🧠From a structural perspective, we have made a daily correction and built a bullish head and shoulders structure in the overlapping support zone, so there is a high probability that we will start to rebound from this structure. The resistance area worthy of our attention is 198-205.
Let's see👀
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BITGET:SOLUSDT.P
GBPUSD H1 I Falling from the 50% Fibo?Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 1.2554, which is a pullback resistance that aligns with the 50% Fibo retracement.
Our take profit will be at 1.2489, which is a multi-swing low support level.
The stop loss will be placed at 1.2609, an overlap resistance
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Xauusd sell On the flip side, the $2,616-$2,615 region that is deemed as a pullback area, or the 23.6% Fibo. level could offer immediate support. This is followed by the $2,600 round-figure mark, below which the Gold price could retest the monthly swing low, around the $2,583 zone touched last week. Some follow-through selling will be seen as a fresh trigger for bears and set the stage for deeper losses in the near term.
Gold now sell 2613
Target 2590
#LINK/USDT Ready to go higher#LINK
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 21.45
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 23.25
First target 24.12
Second target 25.53
Third target 27.12
EUR/USD Market Dynamics: Analyzing Recent Price MovementsFollowing our previous analysis, we anticipated the market's response to last week's robust U.S. economic indicators, particularly regarding the USD's strength against the EUR. After experiencing a notable bearish trend, the euro managed to recoup some losses, specifically retesting our pending order at 1.04380. As I write this article on December 23, 2024, the currency pair trades around 1.04130, providing a rejection of our entry point.
On Monday, the U.S. Dollar (USD) stabilized after a significant drop on Friday. This sell-off was prompted by weaker-than-expected growth in the U.S. Personal Consumption Expenditure Price Index (PCE). Specifically, the core PCE—a key inflation metric favored by the Federal Reserve—rose by 2.8%, falling short of the projected 2.9%. On a month-to-month basis, both headline and core PCE inflation inched up by only 0.1%, leading to speculation about the Federal Reserve's trajectory concerning interest rate adjustments in 2025.
Federal Reserve officials are beginning to signal expectations of fewer rate cuts in the coming year, as the disinflation process appears to be slowing and uncertainties loom over how President-elect Donald Trump’s upcoming immigration, trade, and taxation policies could affect the economy.
Given the current outlook, we are anticipating a continuation of bearish trends in the market.
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