YUUUUGE Bull Flag $GME!!!! NYSE:GME Whoa! Havent looked at this chart in a while. I just drew the downtrend support line and flag pole today. The downward resistance line has been there for months now without me changing or modifying. Seems to be now breaking out of that channel. My 1st target would be long 22.00Calls. Then after wait for confirmation or yolo target 27 OTM calls. Hit me up on snapchat DM for a free trade idea @Shonufftrades
Seasonality
Nvidia Pulls Back After EarningsNvidia is the top performing member of the S&P 500 this year, up 227 percent. Despite that big move, the chip giant has actually gone nowhere for over four months. But will that remain the case into yearend?
The first pattern on today’s chart is the price area between $470 and $476. That roughly matches NVDA’s high in mid-October (depending on whether you take intraday or closing prints). The stock has attempted to stabilize in this zone in the last four sessions. Can it keep holding and turn old resistance into new support?
Second is the 21-day exponential moving average (EMA). This EMA hasn’t been very important lately, but it did mark the bottom of the uptrend several times in the first half. Remaining above it could also make traders think direction is still positive.
Finally, NVDA potentially stands to benefit from momentum in the final weeks of 2023.
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ZEC/USDT Major trend. 2 halving 17 11 2024. 17/160,18Major trend. Large time frame for clarity. Old exchange Poloniex (low liquidity) due to long trading history to show everything clearly. As you can see with each cycle the highs are decreasing....
Cycles of life and death . This cryptocurrency is going into its third cycle. It will most likely be the last because of its anonymity. In a decentralized super centralized world, nothing can be anonymous! Am I wrong? States don't need anything anonymous. The demands of market regulation will “strangle” anything anonymous. But, this is later, and before the halving, which will happen on 17 11 2024 with a high probability they will pump up to 160.18$, and maybe even higher, if the card falls.
Saving "dirty money" when CBDC is introduced by banks . Some people think that when CBDC of central banks is introduced, through anonymous coins like ZEC, HMR and so on, big capital will "save" their shadow money. A fairy tale for school children. I have little faith in it. I think such money has been saved long ago. Although this story to create a news background as a reason to pump has a place ....
It's worth noting that BCH and BTC will first halve in April 2024.
News from Satoshi . By the way, "rumor has it" that closer to the summer of 2024, according to the plot of our crypto movie called good/bad, a new “Satoshi Nakamoto”. Will be announced, who will plunge everyone into “uncertainty of actions/consequences” in the market. Rumors also claim it will be the universally hated villain, Craig Wright). Do you think the role will go to another villain, Roger Ver? Or have these two characters already played out and the role will go to someone else? Or maybe the plot itself will be canceled? Perhaps. Time will tell, the manipulators can come up with anything, that's not the point.
Immunity from news nonsense. The main thing is to treat such "crypto stories", even if there is a real imitation of provability, with the utmost equanimity. Remember, no matter what is going on, it is all a hoax to capitalize on the direction of the trend. The news background that is created to accompany price movement.
Line chart.
Secondary trend. Timeframe 3 days
AVAX - PARABOLIC Next Bullrun🐮+400% TPHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
AVAXUSDT is another altcoin currently trading lower than it's first ATH. This is important, because it makes for an excellent low risk and high reward trade. As we see the markets current trading in the accumulation phase where range trading is common, I'm expecting sideways trading between the support zone and the resistance zone. We can then expect the final low volume selloff, as per Wyckoff Method Phases.
Interested in another altcoin that's trading under it's first ATH? Check out Litecoin :
Remember to hit 👍 and follow if you love money !
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Why TESLA is STILL heading LOWERHi Traders, Investors and Speculators of Charts📈📉
A quick analysis today on Tesla and why I'm still expecting the price of TSLA to head lower.
After a nasty Head and Shoulders Pattern on the monthly, TSLA has reached a selling climax and an automatic rally afterwards (which always follows a SC). However, if we look at the Wyckoff Method schematics, this is not yet the bottom. The bottom is expected to happen during phase B, which is the phase we're about to head into.
ST will always be LOWER than SC, therefore there will be another chance to accumulate TESLA at a lower entry.
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NASDAQ:TSLA
ROSE Bloom depends on PollinationGM Gardeners!
The Summer season is going to an end and one of our flowers seems to still be in its early stages of the pollination.
Most roses bloom between late spring and early fall, typically taking about six weeks to produce each new set of flowers as the plant continues growing throughout the season.
However, our flower didn't actually bloom just yet. In the past year, it shown a great smell of victory in June, because we've feed the ground at its Area #1. This year we've gone through this Area and formed the underground, Area #2, and even had some cold snowy blossom.
Remember: Carefully pruning, feeding, and controlling any pests or diseases on your roses is the best way to encourage new blooms.
That's why we have to carefully feed the ground at the Area #2. After that we can test this ground and touch the middle point of the wedge like this:
(BoS is the breaking of structure. If we confirm BoS High, than the Area #2 has been feeded enough. If we confirm BoS Low, The feeding process will just begin)
However, My long term guess is that each massive flowering requires the Renewed land. That's why I'm expecting coming to the Unexplored Area #3 for the blossom to take part this Fall.
Have a Good Harvest
Yours truly,
Gardener A.I.Vision
GRTUSDT - Riding the AI Narrative 🚀GRTUSDT - Riding the AI Narrative 🚀
Overview:
GRTUSDT is positioned for a bullish surge, fueled by the current narrative around artificial intelligence (AI). The intersection of blockchain and AI technologies presents a compelling case for GRT's potential.
Fundamental Analysis:
AI Integration: The increasing synergy between blockchain and AI is becoming a significant narrative in the tech and crypto space.
GRT's Role: As a decentralized protocol for the development of AI applications on the blockchain, GRT is poised to attract capital from institutions and investors keen on the AI narrative.
Technical Analysis:
Supportive Chart Patterns: The technical landscape supports the narrative, with patterns indicating a potential uptrend.
Volume Uptick: Expect a surge in trading volume as the narrative gains momentum.
Price Target:
Given the strong narrative and potential capital influx, our price target for GRTUSDT is set at 0.50 cents, representing a potential increase of around 350%.
Risk Management:
Stop-Loss: Strategically place a stop-loss to manage risk, considering recent support levels.
Diversification: Diversify your portfolio to spread risk, especially when investing based on thematic narratives.
Disclaimer:
This analysis is for educational purposes and should not be considered financial advice. Conduct thorough research and employ risk management strategies in your trading decisions.
Conclusion:
GRTUSDT stands at the intersection of blockchain and the AI narrative, offering substantial growth potential. Stay informed, monitor market developments, and trade responsibly.
Black Friday Buzz for AMZNThe Giant of e-commerce and AWS for small businesses, which now has AI integrated, is moving up in anticipation of a strong Black Friday for $NASDAQ:AMZN.
The new CEO who took over form Jeff Bezos is doing a good job. As the CEO of the AWS division, he did an amazing job building that division of AMZN. Outstanding CEOs make a company great. CEOs are more important than most investors realize.
Weekly Chart shows that AMZN is about 40 points from its all-time high, so plenty of opportunity for it to move up further from here. The Blue lines indicate levels where Dark Pool buy zones and Pro traders moved in most heavily. These are now strong support levels for the stock.
NAS100 19/11/23Nas100 we are within a bullish range looking for longs overall expecting price to go to the h We have highlighted as SWH Looking for a pullback because we have no poi within this range I wouldn't be surprised if we liquidate our low giving us an entry model for long from the swing low.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Bitcoin Mid-cycle Peak 🚀As I predicted, it will happen by the end of 2023.
On the weekly RSI, we entered the overbought zone.
Earlier I wrote:
Historically, the mid-cycle peak in Bitcoin coincides with the RSI approaching the overbought zone.
Additionally, considering the "Feels invest zones", we can observe that the purple zone🟪 often acts as a significant resistance level.
When to Buy Crypto and Sell Assets (Vice Versa)This chart should illustrate a general idea of when you should be looking to offload your crypto investments in exchange for assets like real estate and luxury assets. And when to buy crypto and sell assets. I found an inverse correlation between DXY and BTC. Imagine DXY as an Asset Line Chart (orange) because DXY measure the strength of an asset against the US dollar.
Hopefully this helps!
AAL recovery timeWith holidays approaching, the demand for travel could increase. This one has been sold off heavily until recent earning.
As you see on the chart, after latest earning reported, the down trend has ended.
This one could reverse to the way up.
Target 19.
This is not a financial advise but just an idea.
Natural Gas: Over storage due to recency bias?So far we’ve covered Natural Gas twice, once in October 2022 , followed by another in May 2023 .
As highlighted in both pieces we are generally longer-term bullish on natural gas but we do see some opportunities for a short-term tactical position now.
As winter approaches, the harrowing memories of natural gas price movements during the previous winter seasons keep us vigilant. Some key points we find interesting now include the natural gas storage levels in the EU and US, unseasonal weather, price seasonality, and natural gas price action.
Natural gas storage
Natural Gas storage typically follows two clear seasonal trends: the winter withdrawal season and the summer injection season, with the summer months being April to October and winter from November to March.
The chart below shows the storage level across time in the US. Current US Storage levels are close to the previous high in 2020.
While in the EU, current gas storage levels are the highest they've been over the last five years.
These high storage levels come off the back of a massive rally in natural gas prices in the 2021-2022 period. Which leads us to question, could this be attributed to recency bias? Have markets become over-prepared, with storage levels so high?
Unseasonal weather
One rationale for high storage levels is preparation for a harsh winter. The build-up of gas storage in the EU, particularly, was spurred by a warmer-than-expected start to the winter, resulting in less gas usage for heating.
Forecasts also predict the 2023 winter in the EU & US to be warmer than average. A recent Bloomberg article on Natural Gas states:
“Data generated by the Copernicus Climate Change Service signals a minimum 50% probability that most of Europe will experience well-above average temperatures between December and February. The Balkans, Italy and the Iberian peninsula have a 60% to 70% chance of exceeding median historical temperatures over the past three decades.”
The EIA adds:
“We estimate that U.S. natural gas inventories totaled 3,835 billion cubic (Bcf) feet at the end of October, 6% more than the five-year (2018–2022) average. We forecast U.S. natural gas inventories will end the winter heating season (November–March) 21% above the five-year average with almost 2,000 Bcf in storage. Inventories are full because of high natural gas production and warmer-than-average winter weather, which reduces demand for space heating in the commercial and residential sectors.”
High storage levels, coupled with lower-than-expected demand due to warm weather, could signal further weakness for Natural Gas…
Price Seasonality
Adding to this is the general price seasonality of Natural Gas. Over the past six years, the August to end-of-October period generally sees a gradual rise, followed by a decline from December to January. With this year’s price behavior aligning with past trends, we could very likely see a downturn in prices heading towards the end of the year and into January.
Price Action
On a longer-term time frame, the 3.610 level has repeatedly served as both support and resistance.
On a shorter timeframe, natural gas has been trading in a defined broadening formation, likely indicating increased price volatility.
To express our short-term bearish view, we can take a short position on the CME Henry Hub Natural Gas Futures at the current level of 3.089, setting the stop at the resistance above at 3.26 and take profit of 2.62. Each 0.001 point move in the Henry Hub Natural Gas Futures is for 10 USD.
The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
Reference:
www.eia.gov
www.bloomberg.com
www.eia.gov
www.bloomberg.com
www.bloomberg.com
www.cmegroup.com
Short in CL, if 4h close below 80The COT Index provided a Sell Signal in the last weeks and bearish seasonality in 6 years and 9 years average. Bearish trend reversal confirmed with close of candle below support level (now resistane) on 3.11.2023:
1d and 4h show strong bearish reversal areas according to marketstructure. A 4h close will give a great oppertunity for short trade w take profit just above next strong suppot key level.
RR 1:1.5
Make your own decisions.