TRIPLED in 13 minutes after BUY Alert $5 to $13.66 $BAOS $HOUR🎁 SANTA GIFT FOR EVERYONE! 🎅 NASDAQ:BAOS doubled in 10 minutes after buy alert and it's up +700% total on the day
Another stock in vertical halt is NASDAQ:HOUR
Strategy
The Two Archetypes of TradersIn the trading world, markets move in cycles, and bearish conditions are no exception. Here's an educational breakdown of how traders can navigate these challenging times:
1. The Long-Term Holders (Investors)
Mindset: Patience is their superpower.
Goal: Accumulate assets during bearish trends by buying at key support levels and holding for future gains.
Approach: Use the WiseOwl Indicator to identify areas of strong support and potential accumulation zones for strategic entries.
2. The Intraday Traders (Short-Term)
Mindset: Adaptability and precision are crucial.
Goal: Profit from short-term price movements, capitalizing on market volatility.
Approach: Utilize the WiseOwl Indicator to pinpoint bearish momentum for short entries and clear exit levels, ensuring optimal risk management.
Educational Example: WiseOwl Strategy in Action
Let’s analyze Solana (SOL) on the 15-minute timeframe during a bearish market:
Trend Identification: The WiseOwl Indicator highlights a confirmed downtrend with clear bearish signals.
Entry Points: Short trade signals are generated at moments of significant bearish momentum.
Risk Management: Stop loss and take profit levels, calculated using ATR-based logic, ensure disciplined trading.
Takeaways for Traders
📉 Bearish Markets:
Holders focus on identifying value areas for accumulation.
Intraday traders capitalize on market volatility with precise entries and exits.
Happy trading! 🚀
#WiseOwlIndicator #TradingEducation #BearMarket #SOLAnalysis #CryptoTrading
NSTR - Technical Analysis of Key Bullish and Bearish LevelsKey Observations:
Expanded Volume Profile:
The volume profile on the left indicates significant trading activity (support/resistance zones).
The high-volume node around 360–380 suggests a key area of interest where the price might consolidate or face resistance/support.
Bullish Levels:
Bullish Week (376): A breakout above this level could trigger upward momentum toward 400 and potentially higher.
Close Week Swing (363): Currently being tested. Sustained strength above this level would be a sign of bullish continuation.
Key Target at 400: Bullish swing level acting as a psychological and technical resistance point.
Bearish Levels:
Bear Swing (348): A breakdown below this level could lead to further downside, with the next support at Bear Week (325).
Week ATR (328): If the price approaches this level, it signals a deeper bearish sentiment.
Price Action:
The yellow line shows a recovery attempt after a sharp drop. The price appears to be testing resistance at Close Week Swing (363).
The upward trend from lower levels near 325 suggests some buying interest at lower prices.
Annotations and Targets:
Close Week Swing (363) is pivotal; crossing this level with volume might lead to a test of higher resistance levels.
The area around 325–328 has shown strong support previously, and a retest might attract buyers.
Analysis:
Bullish Scenario:
The price needs to decisively close above 363 to gain bullish momentum. If this happens, look for targets at 376 and then 400.
Volume supporting an upward move would confirm bullish sentiment.
The Bullish Week (376) level is critical for mid-term trend confirmation.
Bearish Scenario:
Failure to hold above 363 could lead to a retest of 348 (Bear Swing) and possibly further downward moves toward 325–328.
Increased volume at lower levels might indicate bearish control.
Neutral Scenario:
Consolidation between 348 and 363 could signal indecision, with a breakout or breakdown likely depending on market sentiment.
Recommendations:
For Bullish Traders:
Look for strong volume above 363 and consider targets at 376 and 400.
Watch for consolidation near 360–363 as a possible entry point.
For Bearish Traders:
A rejection at 363 or a breakdown below 348 would signal opportunities to target 325–328.
Use volume and candlestick patterns to confirm breakdowns.
Risk Management:
Stops should be placed slightly beyond key levels (e.g., above 376 for shorts or below 348 for longs).
This setup emphasizes the importance of the 363 level as a tipping point for direction. Let me know if you'd like further insights!
Strategy 2025. Introducing Palantir, BTC Killer Of The Year 2024It's gone 3 months or so since Palantir stock has joined on Friday, September 20 Stock Top Club, also known as S&P 500 stock index SP:SPX .
Palantir was one of the strongest contenders for inclusion in the broad market S&P500 Index.
This inclusion, as well as Dell (DELL), came after tech companies Super Micro (SMCI) and Crowdstrike (CRWD) also joined the index earlier in this year 2024.
Since that, Palantir stock became the best (i.e. #1) S&P500 index performer this year, with current +375% YTD return in 2024, being highlighted at 80.55 USD per share - the new all the history peak reached last Friday, December, 19 at regular session close.
What is most important also, even recent Federal Reserve (The US Central Bank) hawkish projections on monetary policy in 2025 were not able to stop the only game in the city, or even make a pause on Palantir leadership.
Since Palantir stock is rallying 7th month in a row, the stalkers remain decently far away, swallowing the galactic dust of Palantir shares.
Judge for yourself.
One of the nearest pursuer, Nvidia Corporation NASDAQ:NVDA (# 4 out of all S&P500 index performers in 2024) is nearly to finish the year of 2024 with +170% return, i.e. lagging against Palantir behind twice.
The quite similar things happen with the most popular and heavy c-coin, also known as Bitcoin BITSTAMP:BTCUSD that is currently +130% YTD return in 2024.
What is most important also, Palantir stock outperforms both - S&P500 index, Nvidia Corp. and Bitcoin 7th straight month in a row.
In human words that means, Palantir stock monthly returns (every single month from May to December 2024) were better against each of mentioned above assets.
What is Behind this?
On November 4, 2024 Palantir Technologies has announced financial results for the third quarter ended September 30, 2024.
“We absolutely eviscerated this quarter, driven by unrelenting AI demand that won’t slow down. This is a U.S.-driven AI revolution that has taken full hold. The world will be divided between AI haves and have-nots. At Palantir, we plan to power the winners,” said Alexander C. Karp, Co-Founder and Chief Executive Officer of Palantir Technologies Inc.
Q3 2024 Highlights
• U.S. revenue grew 44% year-over-year and 14% quarter-over-quarter to $499 million
• U.S. commercial revenue grew 54% year-over-year and 13% quarter-over-quarter to $179 million
• U.S. government revenue grew 40% year-over-year and 15% quarter-over-quarter to $320 million
• Revenue grew 30% year-over-year and 7% quarter-over-quarter to $726 million
• Closed 104 deals over $1 million
• Customer count grew 39% year-over-year and 6% quarter-over-quarter
• GAAP net income of $144 million, representing a 20% margin
• GAAP income from operations of $113 million, representing a 16% margin
• Adjusted income from operations of $276 million, representing a 38% margin
• Rule of 40 score of 68%
• GAAP earnings per share (“EPS”) grew 100% year-over-year to $0.06
• Adjusted EPS grew 43% year-over-year to $0.10
• Cash, cash equivalents, and short-term U.S. Treasury securities of $4.6 billion
• Cash from operations of $420 million, representing a 58% margin and $995 million on a trailing twelve month basis
• Adjusted free cash flow of $435 million, representing a 60% margin and over $1 billion on a trailing twelve month basis.
Is the stock growth fundamentally deserved? Definitely, "Yes".
Palantir stock Alpha
What is Alpha?
Alpha (a) is a term used in investing to describe an investment's ability to beat (outperform) the market, or its “edge.” Alpha is thus also often referred to as excess return or the abnormal rate of return in relation to a benchmark, or any other asset (even against simple sitting in a cash) when adjusted for risk.
The main graph represents a comparison across Bitcoin and Palantir stocks. Since Palantir outperforms BTC twice over the past 12 months (watch lower "percent bar chart" subgraph), so why isn't to continue the play, by staying in a long with Palantir, and kill "the new oranges" respectively.
$NIO Trading AnalysisThe chart showcases NIO Inc. in a prolonged downtrend, characterized by a sequence of lower highs and lower lows over the past year. Recently, the price appears to be forming a base near key support levels, suggesting potential consolidation or a reversal. The chart integrates multiple technical indicators, including pivot points, dark pool activity, volume, trendlines, and moving averages.
Key Observations:
1. Trend Analysis:
Prolonged Downtrend:
The red descending trendline highlights a series of lower highs (LH) since the beginning of the year.
The price has struggled to break above key resistance levels, maintaining a bearish bias.
Short-Term Consolidation:
The price is currently consolidating near 4.50, supported by the green ascending trendline. This suggests a potential shift in momentum if buyers step in.
2. Support and Resistance Levels:
Resistance Levels:
4.77-5.00: Immediate resistance zone aligned with multiple dark pool prints and a prior pivot level.
5.79: Key swing high resistance level.
6.15-6.68: Long-term resistance near pivot R3 and R4.
7.11 (R5): A significant level marking a potential breakout zone if bullish momentum accelerates.
Support Levels:
4.50-4.52: Current consolidation zone and a cluster of dark pool prints, providing immediate support.
4.28 (S1): Recent swing low, offering additional support.
4.02-3.69: Deeper support levels, with 3.69 marking a historical low.
3. Volume Analysis:
Increased volume near 4.50-4.77 suggests institutional interest or accumulation in this area.
Declining volume on recent pullbacks indicates weakening bearish momentum, a bullish signal for potential reversal.
4. Moving Averages:
The price is hovering below the 8 EMA and 21 EMA, indicating short-term bearish pressure.
A decisive break above these moving averages would signal a potential trend reversal.
5. Dark Pool Activity:
Significant dark pool levels are clustered between 4.52 and 4.77, which could act as strong support or resistance depending on price action.
Above this, dark pool levels near 6.15 and 6.68 highlight potential targets in a bullish breakout scenario.
Trade Setup:
Scenario 1: Bullish Reversal from Current Levels
Trigger: A breakout above 4.77 with strong volume would confirm bullish momentum.
Profit Targets:
5.00: Psychological level and minor resistance.
5.79: Key swing resistance and a long-term target.
6.15-6.68: Cluster of dark pool levels and pivot resistance zones.
Stop-Loss: Below 4.28, as a break under this level invalidates the bullish setup.
Scenario 2: Bearish Breakdown Below 4.50
Trigger: A daily close below 4.50, confirmed by increased volume, signals further downside.
Profit Targets:
4.28 (S1): Immediate support level.
4.02-3.69: Long-term support zones and historical lows.
3.50 or lower: In case of capitulation, watch for deeper bearish targets.
Stop-Loss: Above 4.77, as a reversal above this level would indicate bullish recovery.
Scenario 3: Range-Bound Consolidation
If the price remains range-bound between 4.50-4.77, traders can:
Look for breakouts above 4.77 for bullish entries.
Look for breakdowns below 4.50 for bearish entries.
Target mid-range levels for quick scalping opportunities.
Final Thoughts:
Short-Term Outlook: The 4.50-4.77 zone is critical. A breakout above 4.77 favors bullish momentum, while a breakdown below 4.50 opens the door for further downside.
Long-Term Outlook: The green ascending trendline and accumulation near dark pool levels suggest that institutional buyers may be stepping in. If the price holds above 4.50, this could mark the beginning of a new uptrend.
$BAC Trade AnalysisThe daily chart for BAC shows a downtrend within a broader bullish channel. The recent price action has broken below critical short-term moving averages (8 EMA and 21 EMA) and is currently testing a key support level at S1 (43.05). The chart includes pivot points, trendlines, and dark pool activity, which provide additional context for potential price movements.
Key Observations:
1. Trend Analysis:
Uptrend Channel: The long-term green trendline remains intact, suggesting the broader uptrend is still valid.
Short-Term Downtrend: A lower high (LH) and a series of bearish candles indicate short-term downward momentum. The price is below the 8 EMA and 21 EMA, confirming bearish bias in the short term.
2. Support and Resistance:
Resistance Levels:
Pivot (45.87): The first resistance level, aligning with the 8 EMA.
46.24: A significant resistance level near the 21 EMA.
47.00: A dark pool level that may act as a ceiling if price rebounds strongly.
Support Levels:
S1 (43.05): Immediate support and current price zone.
40.95: Historical support level, providing further downside protection.
S2 (38.60): A critical support zone aligning with dark pool levels and prior lows.
3. Volume Analysis:
Recent volume spikes on red candles suggest distribution, but the bounce on the most recent green candle (December 20) indicates potential accumulation near support at 43.05.
4. Dark Pool Levels:
47.00: A dark pool print from December 5, marking potential institutional resistance.
39.70–39.49: Significant dark pool activity from earlier in the year, which may act as a magnet if price continues lower.
5. Moving Averages:
The price is below both the 8 EMA and 21 EMA, indicating bearish momentum.
A recovery above these moving averages would signal a potential trend reversal.
Trade Setup:
Scenario 1: Bullish Reversal from S1 (43.05)
Trigger: A strong bounce off S1 with price reclaiming the 8 EMA (~45.36) would confirm bullish momentum.
Profit Targets:
45.87 (Pivot): First resistance level and a key target for a short-term trade.
47.00: Dark pool resistance level.
48.08: The upper range of the recent downtrend and potential long-term target.
Stop-Loss: Below 42.50, as a break below S1 invalidates the bullish setup.
Scenario 2: Bearish Breakdown Below S1 (43.05)
Trigger: A daily close below 43.05 with increased volume would signal bearish continuation.
Profit Targets:
40.95: Previous low and historical support.
39.70–39.49: Dark pool levels and a strong institutional support zone.
38.60 (S2): Key pivot support for a deeper downside move.
Stop-Loss: Above 44.50, as a move back above this level would signal recovery.
Scenario 3: Consolidation Before Directional Move
If the price remains range-bound between 43.05 and 45.87, traders can look for breakout trades in either direction. Volume and candlestick patterns will be key indicators.
Final Thoughts:
Short-Term Outlook: Watch for price action at 43.05. A bounce with strong volume would favor a bullish trade, while a breakdown opens the door for further downside.
Long-Term Outlook: The green trendline suggests that the broader uptrend remains valid. A deeper pullback into dark pool levels (~39.50) could offer long-term buying opportunities.
Tesla Price Action - Dec 20' 2024Here is Tesla Price action for today .
Target as marked , it is expected to go as high as $459 according to charts .
GBP/USD: Bearish Momentum Holds Below 1.2500GBP/USD trades around 1.2490, showing weakness for the third consecutive day, with the daily chart indicating a bearish bias within a descending channel. The Federal Reserve cut interest rates by 25 basis points as expected, projecting a 2025 rate of 3.9% (up from 3.4% in September). Powell emphasized caution and a slower path for future rate cuts, while the BoE kept rates steady at 4.75%. The strengthening of the US Dollar has been supported by rising Treasury yields, although improving global risk sentiment might limit further gains. A break below the 1.2450 support could push the price towards 1.2400, while a move above 1.2530 might open the door to a potential test of 1.2600, though this remains unlikely without favorable catalysts.
+1,170% in 1 day! $1.39 to $17.66! BOOM 💥 $1 to $17 a 1,000% runner in just hours on massive billions USD in volume!
NASDAQ:NUKK bringing nuclear power 💪
3 Buy Alerts for our team, easliest one at $2.91!
SPX 500 Call on 4460 TP 4510 SPX setting for a Run to 4500. if 4460 is Reached
Patience is Key
Let the trade Reach TP level an Exit
SL 4435
Stay Profitable
Cafe City Studio 2024 ''
Oil Market Analysis - 17/12/2024The oil market is currently under pressure, with WTI down to $69.30 and Brent at $72.66. The main causes are:
Pemex Production Recovery: Oil platforms in the Gulf of Mexico have returned to full capacity after improved weather conditions and the end of the hurricane season. This has increased available supply, partially offsetting the decline in Russian production.
Decline in Russian Crude: Russian maritime oil exports have fallen by 11% since October due to maintenance at a key terminal. This has temporarily limited flows but has not significantly supported prices due to increased production from other sources like Pemex.
Strengthening US Dollar: The Dollar Index (DXY) is around 107.00, gaining strength thanks to preliminary US PMI data for December, which signals the fastest economic growth in 33 months, driven by the services sector. A strong dollar negatively impacts oil, making it more expensive for buyers using other currencies.
API Expectations: Crude inventory data from the API, scheduled for 21:30 GMT, could add volatility. Last week, there was a build of 0.499 million barrels.
EU Sanctions: The EU has imposed sanctions on a Dutch trader involved in trading Russian oil above the price cap. The impact on volumes remains limited for now.
Oil Technical Analysis
Price Range: Oil is trading within a range between $67.00 (support) and $71.50 (upper resistance), with this band likely extending into January 2025.
Resistance: The key resistance is located at $71.03 (100-day SMA) and $71.46, where prices encountered selling pressure last week.
A breakout above $71.03 could push prices toward $75.27, but caution is needed for quick profit-taking as the year-end approaches.
Support: The first solid support is at $67.12, a level that held prices in May-June 2023. A break below could see crude testing the 2024 yearly low at $64.75 and then $64.38, the 2023 low.
Scenario xauusd update levels This analysis is purely about adjusting the level, plus a minor comment, the price is still holding on to the main level and could create a double top, the main one makes sense to me because there is a npoc on the support around the price of 2700, at which the price could choose a stop below we are currently in a poc, so then the view of thinking like this is still short, but I am still waiting for a confirming signal.
Little bull call spread on StellantisI believe we are in the end of an accumulation. We had bad news lately about this company and his CEO. I don't want to own the stock, specially in this part of the economic cycle. This is purely a speculative trade.
There is a divergence in the awesome oscillator marking a possible end of the bear trend and right after, a period of low volatility characteristic of accumulations as we can see in the multiple historical volatility oscillator below. A spring a few days ago confirmed there were strong buyers. Now we are against the trendline.
So, I believe it's cheap (from ~€25 went down to ~€12,50) and it should make a bullish move shortly.
Strategy: Bull call spread
Expiration: 17 JAN 2025 (45 days to expiration)
Legs = +2 calls 13 and -2 calls 14
Premium = 0.27 * 100 stocks * 2 q per leg = €54
Max gain= €146
Risk / Reward = 2.7
Commissions= €1.5 (only open)
Break-even = From 13.27 (lower call + premium)
Historical Volatility (45 days) = 35,85%
Implicit Volatility = ~31%
In English: If the underlying (the stock) arrives at 13.27 I start earning money. If it gets to 14 or if it surpasses this price, I get to the max reward. I can lose at the most €54 + commisions even if the stock goes to €1.
The blue lines in the chart represent Breakeven, Max reward price and Expiration so I can follow the underlying. Now it's time to follow the DOM for each option.
I hope this process of thought helps you in your trades, specially if you are now to options.
Can a Pharmaceutical Giant Rewrite Its Own Destiny?In the complex world of global pharmaceuticals, Teva Pharmaceutical Industries Ltd. emerges as a compelling narrative of strategic reinvention. Under the leadership of CEO Richard Francis, the company has transformed from a struggling enterprise to a potential market leader, executing a bold "Pivot to Growth" strategy that has captured the attention of investors and industry experts alike. The company's remarkable journey reflects corporate resilience and a profound understanding of how strategic focus and innovative thinking can resurrect a seemingly faltering business.
Teva's renaissance is characterized by calculated moves that challenge traditional pharmaceutical business models. By strategically divesting its Japanese joint venture, selectively targeting high-potential generic markets, and developing promising drug candidates like Anti-TL1A, the company has demonstrated an extraordinary ability to reimagine its core strengths. The financial metrics tell a compelling story: a 66% market capitalization increase, double-digit revenue growth, and a strategic pipeline that promises future innovation in critical therapeutic areas such as neurology and digestive system treatments.
Beyond financial metrics, Teva represents a broader narrative of corporate transformation that extends beyond balance sheets. Its commitment to patient access programs, such as the recent inhaler donation initiative with Direct Relief, reveals a deeper organizational philosophy that intertwines strategic growth with social responsibility. This approach challenges the traditional perception of pharmaceutical companies as purely profit-driven entities, positioning Teva as a forward-thinking organization that understands its broader role in global healthcare ecosystems.
The company's journey poses a provocative question to business leaders and investors: Can strategic vision, relentless innovation, and a commitment to patient care truly redefine a corporation's trajectory? Teva's emerging story suggests that the answer is a resounding yes—a testament to the power of adaptive strategy, visionary leadership, and an unwavering commitment to pushing the boundaries of what's possible in the pharmaceutical landscape.
Xauusd Got that Bread Last Two Days are awesome. Manage Risk Move On to next that's all u have to do.
USD/JPY awaiting the FED!The USD/JPY exchange rate as of December 12, 2024, reflects an increase of approximately 0.4%, reaching 152.50, driven by November's U.S. inflation data and expectations surrounding Federal Reserve monetary policy. The published data shows a 0.3% monthly rise in headline CPI, slightly above the 0.2% consensus, while core CPI remained stable at 0.3%. On an annual basis, headline inflation rose to 2.7% from 2.6%, and core CPI was steady at 3.3%, in line with projections. These results reinforce expectations for an interest rate cut by the Fed at the upcoming FOMC meeting, with an estimated 84% probability of a 25-basis-point reduction. Markets interpret the data as a sign that inflation is under control, potentially allowing the Fed to adopt a more accommodative policy to support economic growth. The 10-year Treasury yield, stable at 4.226%, indicates relative calm in bond markets, which may help limit volatility in the U.S. dollar. USD/JPY continues to benefit from the yield differential between U.S. and Japanese assets, supporting dollar strength. However, upcoming economic data, such as the PPI and initial jobless claims, will be crucial in confirming or adjusting market expectations. The 152.50 level represents a critical zone: a break above 152.80 could signal further bullish momentum toward 2024 highs, while a pullback might bring the pair to key support at 151.50. The current scenario suggests a consolidative phase, but incoming data and the Fed's decision will be pivotal in shaping future direction.
COST Costco Wholesale Corporation Options Ahead of EarningsIf you haven`t bought the dip on COST:
Now analyzing the options chain and the chart patterns of COST Costco Wholesale Corporation prior to the earnings report this week,
I would consider purchasing the 1020usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $22.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Gold Analysis - December 2024Gold maintains its bullish momentum, trading above $2,660 per ounce due to optimism surrounding new economic stimulus from China and a weakening US Dollar, which enhance the appeal of the precious metal. During American trading hours, spot gold reached an intraday high of $2,667.31, reflecting sustained demand after the People’s Bank of China (PBoC) resumed gold purchases following a six-month hiatus. This aligns with a macroeconomic context that favors safe-haven assets. News of Chinese stimulus has improved sentiment for gold, with China, being a significant consumer and investor, showing clear support for prices through central bank purchases. Meanwhile, the US Dollar is weakening ahead of key central bank announcements and economic data releases, making gold more attractive to investors holding other currencies. Attention is focused on the US Consumer Price Index (CPI) data due on Wednesday, which could influence expectations for the Federal Reserve's monetary policy. A higher-than-expected CPI could pressure gold, while weaker data may further support its bullish trend. Decisions from various central banks, including the Federal Reserve, ECB, and BoE, may shape market sentiment, with dovish signals potentially further boosting gold. Wall Street opened lower, with major indices in the red, while government bond yields ticked slightly higher, creating a mixed environment that supports safe-haven flows into gold.
Floki (FLOKI) - Trade Update!Hey team! Let’s talk about my latest trade on Floki:
- Market Strength: Despite the overall bearishness in the crypto market, Floki has shown incredible strength, standing out from the crowd.
- Trade Breakdown:
- I went long on Friday , following the setup from our WiseOwl Indicator. The indicator locked in an 8.48% gain on the first position and immediately re-entered.
- For this trade, I used my own risk management strategy—I held the first position and reloaded on the second entry.
- Current Position: My position is now sitting at +16.73% , and I’m in a great spot. I’m expecting more bullishness in the short term , so staying patient and letting the market do its thing.
⚡️ Sticking to the plan and adapting risk management can really pay off—let’s see where this goes!
EUR/USD moving towards 1.02!As of December 8, 2024, the EUR/USD exchange rate has shown significant volatility, influenced by mixed economic data and central bank monetary policies. Recently, the exchange rate hit multi-year lows, bottoming out at 1.0332 on November 22, followed by a rebound that brought the pair to fluctuate around 1.0570. The Dollar Index (DXY) declined after initial jobless claims rose to 224,000 in the week ending November 30, compared to 215,000 in the previous week. However, the Michigan Consumer Sentiment Index for December showed an improvement, indicating increased consumer confidence in the U.S. economy.
The Eurozone economy has shown signs of slowing, with Germany’s manufacturing PMI declining and a contraction in France's services sector activity. This data highlights economic weakness that could influence future decisions by the European Central Bank (ECB). The market currently sees a 70% probability of a 25 basis-point rate cut by the Fed in its December meeting.
Historically, December has been a positive month for EUR/USD, with an average return of 1.23% over the past 50 years. However, current economic conditions and geopolitical uncertainties could limit this seasonal trend.
Coinbase Momentous Swing: Trade Idea Greetings Everyone ,
Today, we are diving into the ticker symbol NASDAQ:COIN , representing Coinbase.
For this analysis, I’ve charted the Euro ticker for Coinbase ( MIL:1COIN ), which mirrors the same price action.
Quick Facts About Coinbase:
• Coinbase is an online trading platform where users can buy and sell cryptocurrencies, often referred to as “coins” or “altcoins.”
• The stock is heavily influenced by the cryptocurrency market. Historically, during Bitcoin bull markets, Coinbase’s price has shown a tendency to surge.
Trading Plan Setup
There is two sides to a Coin 🪙 .
Similarly this pennant setup has two possible outcomes. I have charted the zones where I would expect price to break above or reject in order to continue in its path.
Point 1: Optimal Entry
We are currently underneath that major resistance price level. If you were to go long here with a close stop loss & aim for the primary zone / green line - In the event that price does continue higher you would have the best entry & area to take more risk.
However, Is this the most optimal way to trade a pennant? Not at all.
The recommended setup is a break above the green line (peak) potentially a hold and then continuation higher.
It begs the question what rules do professional traders follow in this scenario? Are you using option strategies like Long Straddle, Long Strangle or Iron Condor?
I would love to know please drop a comment below.
Point 2: Consolidation
Price is consolidating this can continue for days or another week? Monitor price action with alerts one higher one lower.
Point 3: Breakout without Volume
A breakout without volume confirmation is doomed to fail. Be careful of this scenario.
Second subject:
In my previous post, I have created a quick survey - please feel free to complete it so that I can provide relevant information to you.
Best,
C - Lemard
GBPUSD towards 1.28!The GBP/USD pair shows signs of recovery toward the 1.2700 level during European trading, supported by a moderate weakening of the US Dollar due to improved market sentiment and profit-taking ahead of the release of the US JOLTS data. Fundamentally, the pair is consolidating losses after a decline of more than 0.5% recorded on Monday, limiting the damage thanks to the drop in the EUR/GBP pair, indicating capital flows from the Eurozone to the United Kingdom. Investors are closely monitoring the US JOLTS Job Openings data: a figure equal to or above 8 million could strengthen the Dollar, generating additional bearish pressure on GBP/USD. Moreover, attention is focused on the speeches by Federal Reserve members, with recent statements highlighting uncertainties about a potential rate cut in December. The current probability of a 25 basis points rate cut stands at 72%, according to the CME FedWatch Tool, but more cautious signals from officials could keep the Dollar in a strong position. Therefore, the direction of the pair remains tied to the evolution of macroeconomic data and monetary policy, with a consolidation dynamic reflecting the balance between technical and fundamental factors.
Are Funded Trading Accounts Right for You? In the trading world, funded accounts are becoming increasingly popular. But are they the right fit for your trading journey? Let’s break it down:
🔥 What Is a Funded Account?
It’s simple: You trade using someone else’s capital, usually provided by a proprietary trading firm. In exchange, you keep a percentage of the profits, often ranging from 70% to 90%.
⚖️ Pros of Funded Accounts:
No Risk to Your Personal Capital: You’re trading someone else’s money.
Access to Larger Capital: Grow your profits with higher lot sizes and better leverage.
Keeps You Disciplined: Many firms require strict adherence to risk management rules.
💡 Challenges to Consider:
Evaluation Phase: Most firms require you to pass a challenge or verification, proving your profitability and discipline.
Daily/Overall Drawdowns: Strict rules on losses can be unforgiving.
Profit Splits: A portion of your earnings goes to the firm.
📈 Is It for You?
If you’re confident in your strategy and risk management, funded accounts can be an incredible opportunity.
If you’re still learning or struggle with discipline, it might be better to focus on improving your skills first.
🏆 Popular Funded Account Firms:
FTMO, Alpha Capital Group, The5ers, and more! Research each one to find the best fit for your style.
Have you tried a funded account? What was your experience like? Let’s discuss below!
