BTCUSDT Trading Strategy TodayBTCUSD is trading around 75,838 USD, showing strong upward momentum with potential for further gains. The chart highlights two critical support zones: Support 1 around 74,000 USD and Support 2 near 72,400 USD.
If BTCUSD experiences a pullback, these support levels could act as launching points for another upward move. Holding above Support 1 would strengthen the bullish outlook, targeting the resistance around 76,700 USD and potentially higher.
SELL
BTCUSDT: Key Support Zone for Potential ReboundBTCUSDT recently surged, reaching around 76,350 USDT, but now shows signs of a potential pullback. The chart indicates that a retracement could occur towards the support zone around 73,400 USDT (highlighted in blue).
If BTC holds above this support level, it could create a strong foundation for another upward push, potentially leading to a continuation of the bullish trend. Traders should watch for price action around this support zone, as a bounce from here may signal a resumption of the uptrend.
EURUSD Is Very Bearish! Sell!
Please, check our technical outlook for EURUSD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.071.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.059 level soon.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
GBP/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
GBP/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.121 area.
✅LIKE AND COMMENT MY IDEAS✅
BABA Alibaba Options Ahead of EarningsIf you haven`t bought BABA before the major breakout:
Now analyzing the options chain and the chart patterns of BABA Alibaba prior to the earnings report this week,
I would consider purchasing the 110usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $3.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
ASTS AST SpaceMobile Options Ahead of EarningsIf you haven`t bought ASTS before the major breakout:
Now analyzing the options chain and the chart patterns of ASTS AST SpaceMobile prior to the earnings report this week,
I would consider purchasing the 25usd strike price Calls with
an expiration date of 2025-5-16,
for a premium of approximately $6.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
JD Options Ahead of EarningsIf you haven`t bought JD before the major breakout:
Now analyzing the options chain and the chart patterns of JD prior to the earnings report this week,
I would consider purchasing the 40usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $2.81.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
HIVE Digital Technologies Options Ahead of EarningsAnalyzing the options chain and the chart patterns of HIVE Digital Technologies prior to the earnings report this week,
I would consider purchasing the 5usd strike price Calls with
an expiration date of 2024-12-20,
for a premium of approximately $0.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
CSCO Cisco Systems Options Ahead of EarningsIf you haven`t bought the dip on CSCO:
Now analyzing the options chain and the chart patterns of CSCO Cisco Systems prior to the earnings report this week,
I would consider purchasing the 57.5usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $1.87.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
RUM Rumble Options Ahead of EarningsIf you haven`t bought RUM before the previous earnings:
Now analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week,
I would consider purchasing the 6usd strike price in the money Calls with
an expiration date of 2025-1-17,
for a premium of approximately $1.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BITCOIN BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are targeting the 71,032 level area with our short trade on BITCOIN which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
USD/JPY BEARS ARE STRONG HERE|SHORT
Hello, Friends!
USD/JPY pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 152.396 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
EUR/USD November Forecast: Fed Pressure and Market VolatilityThe EUR/USD pair is experiencing significant volatility in the forex market, currently trading around 1.0719. This volatility is influenced by both U.S. and European economic and political factors.
In November, the EUR/USD pair may face pressure from both the Federal Reserve and the European Central Bank (ECB) policies. Fed officials have hinted at maintaining higher interest rates if inflation persists, which could strengthen the USD and potentially weaken the EUR/USD pair, especially if the Fed tightens monetary policy further.
Technical analysis suggests a potential mild recovery for the EUR/USD pair, with the pair having rebounded from a recent low of 1.0517. However, resistance levels between 1.077 and 1.088 may limit further upward movement. If the pair maintains momentum and breaks key support levels, it could potentially reach higher levels. Nevertheless, U.S. election-related volatility may introduce short-term instability to the market.
Gold Prices Plummet Amid Rising Risk AversionAfter a slight uptick yesterday, global gold prices took a sharp downturn on the morning of November 9th. Spot gold declined by $24.2 to $2,685 per ounce, while gold futures fell $21.5 to $2,692 per ounce.
The surge in the US dollar following the recent political shift has put significant pressure on gold prices. As markets adapt to potential policy changes, investors are shifting towards riskier assets, leading to a sell-off in gold.
Analysts predict that gold prices may fluctuate within a support range of $2,640 to $2,700. A breach below the $2,640 level could signal a further decline toward the next support at $2,600. However, the long-term outlook for gold remains optimistic, underpinned by expectations of interest rate cuts and persistent geopolitical tensions.
USOIL Will Go Lower! Short!
Take a look at our analysis for USOIL.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is trading around a solid horizontal structure 71.22.
The above observations make me that the market will inevitably achieve 66.07 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
EURUSD SELL | Idea Trading AnalysisEURUSD is moving on support zone
The chart is above the support level, which has already become a reversal point twice.
We expect a decline in the channel after testing the current level.
We expect a decline in the channel after testing the current level
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD
I still did my best and this is the most likely count for me at the moment.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
USD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello, Friends!
USD/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 8H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 0.866 area.
✅LIKE AND COMMENT MY IDEAS✅
EUR/AUD BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
EUR/AUD pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.629 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.30300 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.30300 support and resistance area.
Trade safe, Joe.
US30 Is Bearish! Sell!
Take a look at our analysis for US30.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 43,838.04.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 42,226.86 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
BITCOIN Is Very Bearish! Short!
Please, check our technical outlook for BITCOIN.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 74,723.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 64,959 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
USOIL SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are going short on the USOIL with the target of 66.06 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
AUD/USD BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
AUD/USD is making a bullish rebound on the 1H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.658 level.
✅LIKE AND COMMENT MY IDEAS✅