BTCUSDT, D1 chart, Swing Trade Short Setup👋Hello Traders,
Our 🖥️ AI system detected that there is an D1 timeframe ICT Short setup in
BTCUSDT for Swing trade.
Technically it is clearly that a double top formation and a LG at second top.
Our idea:
BTCUSDT is going to the extension target to the demand zone marked on the chart.
May be a possibility back to the FVG before further down.
So we only waiting for Short setup for swing trade and day trade in the coming 2 weeks.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Swingtrading
Why NVDA was not a good candidate for Selling Short last weekBy Friday last week in NASDAQ:NVDA , Support of the Market created an inside day to reversal rebound white candle that engulfed, indicating that the minor drop down out of this trading range was just that: a minor slip of price to below fundamental levels.
Volume was well above average and Volume Oscillators--TSV, TTVA or Chaikin Osc--ticked up along with money inflows. Never assume that a break to the downside from a stable sideways trend is going to continue down. Inside days are no longer a "sure thing" for selling short.
Along with support from a bottom formation, the minor nudge before the black candle that dropped below the low of the sideways trend also was a factor in determining that NVDA was not going to run down. Sell short risk was exceedingly high based on these factors.
Nightly $SPX / $SPY Predictions for 12.23.2024🔮
📅Mon Dec 23
⏰10:00am
CB Consumer Confidence
📅Tue Dec 24
⏰8:30am
Core Durable Goods Orders m/m
Durable Goods Orders m/m
⏰10:00am
New Home Sales
Richmond Manufacturing Index
📅Thu Dec 26
⏰8:30am
Unemployment Claims
11:00am
Crude Oil Inventories
#trading #stock #stockmarket #today #daytrading #swingtrading #charting
NEAR - Primed for Action: Long Setup to $6 NEAR experienced a strong bounce after a significant sell off. The price has now retraced into the golden pocket zone (0.618–0.666 Fibonacci retracement) and appears to be accumulating within this range atm.
Key Observations and Trade Setups:
Accumulation at Golden Pocket:
The formation of a trading range in this area indicates that buyers are stepping in.
Once volume begins to pick up, it could signal the start of an upward move.
Upside Target:
Using the Trend-Based Fibonacci Extension, we project a 1:1 target around $6, which coincides with a key resistance level and another golden pocket zone.
This provides a potential gain of +22% for the long trade over the coming days.
Short Opportunity at Resistance:
The $6 level represents a strong confluence of Fibonacci and resistance, offering an excellent shorting opportunity if the price gets rejected there.
Trade Plan:
Long Setup:
Entry: Current accumulation zone around $5, also a key level to watch
Target: $6 for a possible +22% gain
Stop Loss: Below $4.50
Short Setup:
Entry: Around $6, once rejection is confirmed
Target: Depending on confirmation, potentially back to the golden pocket zone
swing trading for December 23 Crowdstrike Holdings(CRWD)CRWD Is Trading Now Using a Price Channel Pattern. Price channels are continuation patterns of parallel trend lines. They indicate that the price is likely to continue moving within the channel.
The breakout from the channel can signal significant trend changes. An upward channel suggests a bullish trend, while a downward channel indicates a bearish trend.
ETHUSDT, D1 Chart, Double Top and Market Structure👋Hello Traders,
Our 🖥️ AI system detected that there is an D1 timeframe ICT Short setup in
ETHUSDT for Swing trade.
Technically it is clearly that a double top formation and a LG at second top.
Our idea:
ETHUSDT is going to the extension target to the demand zone marked on the chart.
May be a possibility back to the FVG before further down.
So we only waiting for Short setup for swing trade and day trade in the coming 2 weeks.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Beyond Basic Candlestick Pattern AnalysisLearning to Recognize Who Is Controlling the Stock Price
There is a plethora of training on Candlestick Pattern Analysis and interpretation, and yet this remains one of the most problematic areas for Technical Traders who want to trade at the expert level.
Once the basics of Japanese Candlestick Patterns are understood, it is time to move up to the next tier of analysis. That is being able to recognize not only where a pattern is, but also who forms that pattern, why they are capable of creating that pattern, what automated orders generate that pattern, and which Market Participant Groups react or chase that pattern.
Nowadays it has become critical to include Volume with Candlestick Analysis, because this provides the basis for recognizing which Market Participant Group created that candle pattern.
Candlestick Pattern Analysis at the expert level involves more than just one to three candles. Instead it includes a larger group of candles in the near term. This is what I call "Relational Analysis." This is especially useful for Swing Traders, Momentum Traders, Velocity Traders, Swing Options Traders, and Day Traders using Swing Style Intraday action.
The NYSE:RAMP chart is an excellent example of a Candlestick Pattern for Swing Style Trading.
See where High Frequency Traders (HFTs) took control of price, and gapped the stock down for one day on extreme volume. Selling did not continue the following two days, and Volume was above the Moving Average, but much lower than the High Frequency Traders' spiking Volume pattern.
This was the first accumulation level for this stock. Dark Pools started buying the stock even though High Frequency Traders were selling, since they typically miss this initial buy mode of the giant Institutions.
High Frequency Traders typically create the final gap down to the low which, if it reverses quickly, indicates a Buy Zone area for the Dark Pools. These patterns are what I call "Shifts of Sentiment." They happen in bottom formations where buying is generally dominated by the Largest Institutions' quiet accumulation.
The next phase will be when Professional Traders and then High Frequency Traders discover the Dark Pool accumulation. The bottom is not complete, but it shifts sideways if more Dark Pools decide to buy.
NGLFINE: Signs of reversal.NGLFINE appears to have bottomed out, now showing strong signs of a potential reversal:
1. RSI is strengthening.
2. Positive divergence is visible in RSI.
3. The stock is now trading above the 20EMA band.
A minor pullback to retest the 20EMA band is possible before the stock resumes its journey toward its all-time high.
As a Stoploss. either you can use 20EMA band or previous swing low, marked in the chart.
Disclaimer: This analysis is based on personal observations and is for educational purposes only. Please conduct your own research or consult a financial advisor before making any investment decisions.
@@ Always adhere to your risk-reward ratio before entering any trade.
@@ Maintain discipline in all trading activities.
@@ Ensure strict compliance with the marked stop loss.
XAU/USD - Gold Long trades"After yesterday's sharp decline in XAUUSD, the market is showing signs of stabilization, creating potential opportunities for long trades. Key support levels have held firm, suggesting bullish momentum could resume as buyers step in. We must closely monitor price action for confirmation, targeting a potential recovery towards key resistance zones. As always, proper risk management is essential. Let's see how this plays out!"
The bullish side breakout of 200 EMA in the 15-minute and 5-minute charts can be a good sign of a market uptrend.
Entry 1st zone - 2630-2640
Entry 2nd zone - 2673-2683
Entry 3rd zone - 2726-2736
XauUsd/Gold: Gold is holding an important level!Looking for Impulse Down.
XauUsd/Gold: Gold is holding an important level. I anticipate it will move down by next week. It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
Wave Trader Pro
NzdUsd will start to move up soon.What I see!
Looking for Impulse Up.
NU will soon begin to reverse. Before entering the trade, we ought to wait for LTF price movement. solely for educational purposes.It's important to have your own rules on RR and adhere to them. This trading idea is intended to assist you and enhance your knowledge. If you have any questions, please ask me in the comments.
Learn & Earn!
Wave Trader Pro
Gold - Prepare For A Devastating Drop!Gold ( TVC:GOLD ) will create a massive correction:
Click chart above to see the detailed analysis👆🏻
Gold rallied more than +70% over the past couple of months, basically without showing any real correction. Therefore it is no surprise that after retesting the channel resistance, Gold is now showing some weakness. It is quite likely that this is just the beginning of a significant drop.
Levels to watch: $2.000
Keep your long term vision,
Philip (BasicTrading)
Meta - The Final Resistance Breakout!Meta ( NASDAQ:META ) could actually break the resistance trendline:
Click chart above to see the detailed analysis👆🏻
As we are speaking, Meta is actually retesting the major (and only) resistance trendline of the reverse triangle pattern. If we actually see the bullish breakout - which obviously has to then be confirmed - this triangle breakout could lead to an immediate rally of more than +40%.
Levels to watch: $650, $1.000
Keep your long term vision,
Philip (BasicTrading)
Swing thesis by Titan_Karma (low % of confidence lvl)Investment Thesis
Market Overview:
The cryptocurrency market is currently quiet, with no significant news driving sentiment. This leaves Bitcoin (BTC) dependent on technical and financial indicators for direction. Traders should adopt a cautious approach and stay updated for any developments that could shift momentum.
Market Sentiment Analysis:
Bullish Long-term Sentiment: Over the past month, an increase in long positions indicates confidence among top traders.
Short-term Weakness: 1-hour and 4-hour timeframes reveal a shift towards short positions, signaling bearish sentiment in the immediate term. This mixed outlook suggests the possibility of short-term pullbacks while maintaining an overall positive trajectory.
Technical Analysis:
Daily Chart: Indicators like the RSI and Stochastic Oscillator are in overbought territory, hinting at a potential pullback or consolidation. However, the MACD remains positive, showing that bullish momentum is still in play.
Short-term Timeframes (1h & 4h): RSI levels are near neutral, and the 1-hour MACD has turned negative, signaling possible weakness in the short term. Traders should monitor these indicators closely for trend changes.
Fundamental Analysis:
BTC has shown strong upward momentum over the past few months, backed by rising trading volumes and sustained market interest. However, the absence of fresh news and current mixed signals warrant caution, particularly around potential resistance levels.
Risk Management Strategy:
Given the conflicting signals:
Stop-loss: Tighten stops at $104,000 to lock in profits.
Take-profit: Aim for $110,000, based on key resistance levels.
Key Indicators: Watch the RSI and MACD closely for any signs of trend continuation or reversal.
Trade Recommendation:
The recommendation is to HOLD/BUY, focusing on the longer-term bullish trend while managing short-term volatility. Confidence remains moderate at 78%, reflecting mixed sentiment. Adjust stop-loss and take-profit targets based on real-time market developments to optimize risk-reward.