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Short Bitcoin (BTC) (For Study Purpose Only)Short Recommendation Entry Level: Below $94,000 Stop Loss (SL): $111,111 This surge has been largely attributed to President-elect Donald Trump's pro-cryptocurrency stance, including promises of deregulation and the establishment of a national strategic Bitcoin reserve. However, concerns are emerging regarding Bitcoin's current valuation. Analysts warn that the market may be overheating, with some predicting a potential correction of up to 35%. COINTELEGRAPH Additionally, Federal Reserve Chair Jerome Powell has stated that the U.S. central bank cannot hold Bitcoin, which has introduced uncertainty into the market. This analysis is for educational purposes only. Always consult your financial advisor before making any investment decisions. Cryptocurrency trading involves significant risk, including the potential loss of capital. Ensure to evaluate your risk tolerance and conduct thorough research.
BITSTAMP:BTCUSDShort
by KSLBroking
Starbucks Corporation: Elliott Wave Correction Unfolding [SHORT]NASDAQ:SBUX Overview: Starbucks is in the midst of an Elliott Wave corrective structure, likely entering the C-wave of an ABC correction. The bearish momentum suggests that the correction isn't complete, presenting an opportunity to short as the structure completes. Elliott Wave Analysis: Wave A: The initial impulsive wave down broke key support levels, signaling the start of a correction. This wave exhibited strong bearish momentum. Wave B: The corrective upward retracement faced resistance near $93.12, forming a potential lower high and respecting the descending channel. With failure to break out above $94, this wave has likely concluded, paving the way for the final corrective wave. Wave C: Currently forming, this wave is expected to extend toward lower Fibonacci retracement levels, targeting $88.71, $84.29, and $79.88. The typical symmetry in Elliott Wave corrections suggests that Wave C may equal or exceed the length of Wave A. Key Trading Levels: Entry: $93.12 (near the end of Wave B). Stop Loss: $94.00 (just above Wave B resistance). Target 1: $88.71 (38.2% Fibonacci extension of Wave A). Target 2: $84.29 (61.8% extension and channel support). Target 3: $79.88 (full measured move of Wave C and strong support). Trading Strategy: Short Entry: Look for confirmation of rejection near $93.12. This aligns with the conclusion of Wave B and the start of Wave C. Risk Management: Place a tight stop-loss at $94, above the resistance line formed by Wave B. Profit-Taking: Scale out of positions as price approaches each Fibonacci target and key support zones. Additional Notes: The Elliott Wave correction is part of a broader descending wedge structure. A decisive breakdown could trigger a stronger bearish continuation. Confluence of technical factors (Fibonacci levels, trendline resistance, and Elliott Wave symmetry) supports the bearish scenario. Monitor volume and RSI for divergences to confirm the wave progression. Disclaimer: This analysis is for informational and educational purposes only and should not be considered as financial advice. Trading and investing involve significant risks, and you should consult with a qualified financial advisor or conduct your own research before making any investment decisions. The author is not responsible for any financial losses or decisions made based on this analysis. Always trade responsibly and within your own risk tolerance.
NASDAQ:SBUXShort
by Whisperwave
Starbucks Corporation: Elliott Wave Correction UnfoldingNASDAQ:SBUX Overview: Starbucks is in the midst of an Elliott Wave corrective structure, likely entering the C-wave of an ABC correction. The bearish momentum suggests that the correction isn't complete, presenting an opportunity to short as the structure completes. Elliott Wave Analysis: Wave A: The initial impulsive wave down broke key support levels, signaling the start of a correction. This wave exhibited strong bearish momentum. Wave B: The corrective upward retracement faced resistance near $93.12, forming a potential lower high and respecting the descending channel. With failure to break out above $94, this wave has likely concluded, paving the way for the final corrective wave. Wave C: Currently forming, this wave is expected to extend toward lower Fibonacci retracement levels, targeting $88.71, $84.29, and $79.88. The typical symmetry in Elliott Wave corrections suggests that Wave C may equal or exceed the length of Wave A. Key Trading Levels: Entry: $93.12 (near the end of Wave B). Stop Loss: $94.00 (just above Wave B resistance). Target 1: $88.71 (38.2% Fibonacci extension of Wave A). Target 2: $84.29 (61.8% extension and channel support). Target 3: $79.88 (full measured move of Wave C and strong support). Trading Strategy: Short Entry: Look for confirmation of rejection near $93.12. This aligns with the conclusion of Wave B and the start of Wave C. Risk Management: Place a tight stop-loss at $94, above the resistance line formed by Wave B. Profit-Taking: Scale out of positions as price approaches each Fibonacci target and key support zones. Additional Notes: The Elliott Wave correction is part of a broader descending wedge structure. A decisive breakdown could trigger a stronger bearish continuation. Confluence of technical factors (Fibonacci levels, trendline resistance, and Elliott Wave symmetry) supports the bearish scenario. Monitor volume and RSI for divergences to confirm the wave progression. Disclaimer: This analysis is for informational and educational purposes only and should not be considered as financial advice. Trading and investing involve significant risks, and you should consult with a qualified financial advisor or conduct your own research before making any investment decisions. The author is not responsible for any financial losses or decisions made based on this analysis. Always trade responsibly and within your own risk tolerance.
NASDAQ:SBUXShort
by Whisperwave
End of 2024! Gold is still in a downtrend⭐️Smart investment, Strong finance ⭐️GOLDEN INFORMATION: Gold prices (XAU/USD) remain steady on Monday after two days of losses, with trading volumes thin. The precious metal is poised to close the year with an impressive 27% gain, marking its best annual performance since 2010. This surge has been fueled by central bank purchases, escalating geopolitical tensions, and monetary easing measures by major central banks. Gold held its ground as markets absorbed signals of a hawkish Federal Reserve (Fed). Strong labor market data and stubborn inflation have led the Fed to project fewer rate cuts for 2025. This expectation contributed to a modest decline in Gold prices during the fourth quarter. ⭐️Personal comments NOVA: Gold moves around the 2600 price zone, ending the year here and the downtrend is dominant ⭐️SET UP GOLD PRICE: 🔥SELL GOLD zone: $2617 - $2619 SL $2624 TP1: $2610 TP2: $2600 TP3: $2590 🔥BUY GOLD zone: $2584 - $2586 SL $2579 TP1: $2590 TP2: $2600 TP3: $2608 ⭐️Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account
OANDA:XAUUSDShort
by Nova-Scalper
6
Possible inverted "Cup with Handle" pattern in Nifty 50Possible further downside in Nifty 50 The chart seems to display an inverted cup and handle pattern, a bearish formation that often signals a potential downside. The MACD line is crossing below the signal line and approaching the zero line from the positive territory, signaling weakening bullish momentum. The index is currently testing the lower boundary of a rising channel. A breakdown below this trendline could exacerbate the bearish trend. If you're trading, consider monitoring the 23,500 level closely. A breakdown below this would likely confirm the bearish pattern and lead to sharp declines.
NSE:NIFTYShort
by shekharvsingh1
ETH H&S Insight: Confluence Aligns for January ReversalOverview On the higher timeframes, ETH is in the process of forming a Head and Shoulders (H&S) pattern. The left shoulder and head are already complete, with price currently downtrending to form the right shoulder. Following an impulsive bullish run to take out the highs, ETH has faced two rejections at those levels, initiating a corrective move lower. Key Technical Levels and Confluences 1. Support Zone for the Right Shoulder Formation Primary Target Level: $2800 (aligned with the left shoulder structure). Support Zone: $2941.12–$2812.7 (a highly confluent range for long positions). 2. Anchored VWAP Analysis Anchored VWAP from the 12th October 2023 low is currently positioned at $2900, offering dynamic support and aligning with the left shoulder’s structural low. 3. Fibonacci Retracement Levels (From the Impulse Wave) Fib 0.666: $2941.12 Fib 0.702: $2877.99 Both levels fall within the support zone, reinforcing its importance as a high-probability area for reversal. 4. Fibonacci Extension Levels From the Current Range: Fib Extension Target: $2812.7, precisely aligning with the key level of $2800. From the Higher Trading Range: Fib 2 Extension: $2893, offering additional confluence with other levels in the support zone. 5. Fibonacci Speed Fan Drawing the Fibonacci Speed Fan from the 6th September 2024 low to the 16th December 2024 high, the Fib 0.7 level intersects at $2900. This confluence is projected to align with price action on 9th–10th January 2025, adding a temporal element to this setup. 6. Psychological Level The $3000 level represents a strong psychological barrier. While the primary support lies lower, price could find an early reaction at this level. Trading Plan: Long Setup for the Right Shoulder Support Zone: $2941.12–$2812.7 Primary Trade Setup: Place long positions within the support zone, focusing on the confluence of levels for a higher-probability reversal. Scaling Strategy: Employ a Dollar-Cost Averaging (DCA) approach to gradually build a position. Consider initial entries at $3000 as a psychological bounce is possible. Confluence Highlights: Anchored VWAP at $2900. Fibonacci retracement levels (0.666 at $2941.12 and 0.702 at $2877.99). Fibonacci extension targets (current range: $2812.7, higher range: $2893). Fibonacci Speed Fan (0.7 level at $2900). Historical structural alignment with the left shoulder at $2800. Conclusion ETH is approaching a high-confluence support zone between $2941.12–$2812.7, making it an attractive area for long setups to complete the Head and Shoulders pattern. Utilising a DCA strategy and scaling into positions ensures optimal risk management. Early entries around $3000 could also yield opportunities, as this level holds psychological significance.
COINBASE:ETHUSDShort
by SiDec
1
BTC Dominance updateHere’s a simplified version of the explanation: --- **BTC Dominance Update: Key Insights** This chart shows the movement of Bitcoin dominance over time, highlighting important patterns and potential scenarios: 1. **Resistance Line**: - BTC dominance has reached a long-term resistance line (Point B), where it’s likely to face rejection. 2. **Wedge Break**: - The ascending wedge pattern has broken down (Point A), which is usually a bearish signal. 3. **Next Move (ABC Pattern)**: - There’s a possible ABC correction forming, with dominance likely to drop further towards lower support levels (Point C). 4. **Market Impacts**: - If BTC dominance falls, altcoins might perform better, offering opportunities in the altcoin market. **Conclusion**: Keep an eye on the key resistance and support levels shown in the chart. These movements will provide clues for Bitcoin and altcoin trends. ---
CRYPTOCAP:BTC.DShort
by Tradeaione
UP "Please provide a meaningful and detailed description of your prediction..." Says Tradingview Up. It go up. Why? Idono the same as you do or do not know. It's the simple things I think that makes dollars sound like soundness of mind. While lil Timmy has been working hard to get a few bucks to buy his favorite dog coin he heard about at lunch yesterday in middle school. Asking a fool like me what to buy with his allowance. Who isn't looking for a return nowadays I guess even at 11 we need to make 1000x gainz because "10 years!?" "That's forever!" he and any other like minded person may say to me. I think all they heard was the "10 Year" Part...😋 Ya know? One things for sure we are all counting dollars when this or whatever thing you think will make you money moves up or down. Hummmmmm Maybe there's something to that whole I need a dollar thought?🤑 I bet it would be carzy to see the Yield on the 10 year US GOV Bonds run up to 16%. What kind of future are we all living in when that happens??? Asking for this 11 year old thats asking me what the next best coin is from here.... YOLO Moonboyz 🌛 If you feel so inclined to do so. 🚽👄 Toilet Mouth: "Why do all your post say Short!?" or a bunch of "BUT, BUT, BUT" ⭐Not my job to tell you to buy or sell entries matter to most I only care about my exits. ⭐Let each person determine their cost to acquire and choice to play or not. No Advice to give just thoughts that I can't shake after the last 8 years in the world of "CRYPTO" Things 🤷‍♂️ #Fixed IDK! 🙏FOR JUST A HEALTHLY PULLBACK! ""KEEP CALM AND MANAGE THY RISK & BALANCE your Senses!"" I am The CoinSLayer 👨‍💻😈 You have been warned by The Coin SLayer! P.S. Now witha bag! P.S.S. well two or Ten
TVC:US10YShort
by BradySWilliams
BTC Weekly Signal: A Warning or Just Another Test?Analysis: Bitcoin's current price action presents a critical juncture, marked by the flashing of the PrimeMomentum LongTerm Signal BTC on the weekly chart. Historically, this signal has proven to be 100% accurate, correlating with significant corrections whenever it appears. If the signal persists until the weekly candle closes in 36 hours, we might see Bitcoin entering a deeper corrective phase. Key Observations: The Signal's History: As illustrated on the chart, each red diamond signal in the past has accurately predicted a correction. Corrections following the signal have ranged between 7% to 25%, with the most extreme being a 72% drop during the bear market. Potential Correction Zones: Two imbalance zones have been highlighted as potential targets: $85,000–$81,600: This aligns with the upper imbalance zone. $74,400–$70,600: A deeper support area, matching historical price reactions. These zones are consistent with prior correction depths and market behavior during similar signals. Market Cyclicity: Corrections often precede major market rallies. Historical data shows post-holiday rallies were initiated by small corrections, fitting the current scenario. This aligns with upcoming macro events, including the inauguration of significant political figures, which could fuel renewed bullish sentiment. What to Watch: Weekly Candle Closure: If the signal remains active upon close, the likelihood of a correction increases significantly. Reaction to Imbalance Zones: Monitor price action closely if Bitcoin approaches $92,000 or either imbalance zone. Macro and Whale Activity: Whales may capitalize on this correction to accumulate Bitcoin at lower levels before anticipated bullish catalysts in 2024. Final Thoughts: This setup reflects a dynamic yet critical stage for Bitcoin's market structure. While corrections can appear alarming, they are often healthy retracements that set the stage for stronger bullish moves. Keep an eye on the weekly close and remember that the PrimeMomentum LongTerm Signal BTC has yet to fail in its predictions. Will Bitcoin's trendline hold, or are we due for another major correction? Share your thoughts and let’s discuss! 🚀
Short
by SetKryptoBalans
SHORT PEPE NOW! becauseAs in the chart attached to this article, the price of PEPE/USDT or 1000PEPE/USDT.P (for those trading the perpetual symbol, PEPE is currently on a downward movement on the daily, which is a clear sign of a downtrend. In this analysis, a perfect retracement of 79% on the FIB is at the place of interest, which has very high level of confluence which i can't go over in this article. But if you'd like to know how i got the accurate entry to this trade and more exactly like this, follow, and i'll interact with you. For now, enjoy this trade, and lets ride the wave together. P.S: Don't forget to set your limit orders! @realalvaritarfa
Short
by realalvaritarfa
3
PNUTUSDT: Approaching a Key Level – Go Short or Wait for a Reteswww.tradingview.com Hey, traders! 🐂🐻 Today, we’re looking at BINANCE:PNUTUSDT , and the chart looks tense. The price has dropped to 0.61254 USDT , and the bears seem to be gaining momentum. Looking at this diagonal resistance line, one thing is clear: the market is gearing up for a move. The chart shows a classic downtrend structure, and the key support levels scream potential reversal points. But as they say, "don’t go all in until the setup is confirmed." --- 🔑 Key Levels: Support: 0.60223 USDT – a critical zone where buyers might try to hold the asset. 0.59000 USDT – the last line of defense before a potential dump. Resistance: 0.62000 USDT – the nearest level where bears continue to apply pressure. 0.64000 USDT – the next resistance level holding back upward movement. --- 🚩 Strategy: Entry Point: - Open a short position after a retest of 0.62000 USDT , provided bears maintain control. Stop-Loss: - Place your stop above 0.64000 USDT to avoid sharp moves against your position. Take-Profit Targets: 0.60223 USDT – the first level to "skim the cream". 0.59000 USDT – the second target if bearish pressure persists. 0.58000 USDT – the final target in case of a full breakdown of support. --- 📈 Technical Breakdown: The downtrend remains dominant until the price breaks 0.62000 USDT . Volume confirms bearish activity, especially around resistance levels. A break below 0.60223 USDT could signal further downside. --- 💡 What’s Next? Bears seem to be in control, but the market might go for a local retest. What do you think? Wait for a bounce back to resistance or catch the move now? Share your insights – collective wisdom always wins! 🚀
Short
by Max_Pr0fit