Trend Analysis
btcusd on bearish reverse below 92130#BTCUSD on multiple reverse, now we exercise drop below 92130 for longer sell till 90k-89k but market price sell can start at current price ,above 93800 buy can still move. Overall move on #BTC can take correction if price falls 92130 back to 93k-94k. Selling at 92130, SL 92800 TP 90k 89k
nifty view for 24/12/24Daily Time Frame
Price is moving around 200 MA and price might take support from here
20 EMA is moving below 50 EMA and RSI is bearish
Hourly Time Frame
20 EMA and 50 EMA are below 200 MA and 20 EMA can act as resistance
RSI is bearish
MACD is in bull's favor
15 min Time Frame
50 EMA can act resistance
RSI is also bearish
ONLY MACD in bull's favor
overall I am bearish for tomorrow, but opening candle is very important, opening candle can change the direction.
Xauusd market target 2606 entry point 2616 stop loss 2622Here's a summary of your updated trade plan:
Trade Plan
1. *Target*: $2604
2. *Entry Point*: $2614
3. *Stop Loss*: $2622
Your plan still indicates a bearish outlook, expecting the price to drop from the entry point to the target.
Key Considerations
- *Risk Management*: Ensure you're managing risk with proper position sizing.
- *Market Conditions*: Monitor market conditions and adjust your plan as needed.
- *Technical Analysis*: Consider using technical analysis tools to support your trading decision.
Would you like me to provide current XAU/USD market data or analysis?
Gold H4 Long / Short AnalysisGold Price Analysis: Buying Opportunity Arises!
The gold price is consolidating below $2,600, nearing a one-month low. However, with the Fed's cautious policy easing, a potential buying opportunity arises.
We've identified two potential trading opportunities in the gold market:
SELL Opportunity
Sell Gold at: 2652
Target: 2610
Stoploss: 2660
BUY Opportunity
Buy Gold at: 2605
Target: 2700
Stoploss: 2600
Stay ahead of the market with our expert analysis!"
Best wishes Tom 😎
BTC turns down from high position
BTC is still in a five-wave downward structure, and the overall trend is bearish. Since yesterday, it has been in a weak adjustment stage in the short term, and the price fluctuation has significantly weakened. 92000 below is still a strong support level. If it falls below this position, it may pull back to the starting area of the previous rise, further confirming the bearish trend. In the short term, the 4-wave low point above forms a strong suppression. If the price fails to break through this resistance, the short-term idea is still dominant.
If you have not entered the market yet, you can consider looking for short-selling opportunities in the rebound of the 95000-95600 range, and the stop loss is set near 97000. The downside targets are TP92000, TP88000 and TP86000 respectively.
In general, although the short-term price fluctuation has decreased, the weak adjustment trend has not changed. It is still necessary to pay attention to the performance of key support levels. Breaking through these supports may accelerate the callback process.
If you have different opinions, please leave your views. Like and leave a message. Thank you for your support!
Dynamic Trio: $85K, Trendline, and EMA in FocusThe $85,000 level is a key confluence zone, combining horizontal support, the rising trendline, and the 100 EMA as dynamic support.
This area is critical for potential bullish momentum. Monitor closely for price reactions, as holding this level could trigger a bounce, while a breakdown may lead to further downside.
Google - Catch The 2025 Bullrun Now!Google ( NASDAQ:GOOGL ) is preparing for a strong year 2025:
Click chart above to see the detailed analysis👆🏻
So many confluences on Google are pointing to a strong year of 2025. First of all we have the resistance trendline breakout which we saw a couple of months ago and bears were also not able to significantly push price lower after we saw the retest of resistance. This is soo bullish.
Levels to watch: $220
Keep your long term vision,
Philip (BasicTrading)
EUR/USD Technical AnalysisEUR/USD Technical Analysis: Selling Pressure Continues Within the Descending Channel
The EUR/USD pair remains in a downtrend on the 4-hour timeframe, with sellers maintaining control while buyers struggle to break key resistance levels. Below is a detailed analysis of the pair's recent performance:
Overall Market Trend
The prevailing trend for EUR/USD is bearish, as the price continues to move within a well-defined descending channel. Multiple attempts to break above the upper boundary of this channel have failed, indicating strong resistance from sellers.
Key Levels
Resistance Levels:
The primary resistance is located at 1.0449, which has consistently rejected upward movements. A breakout above this level may signal a potential shift in momentum.
Support Levels:
The major support lies at 1.0331. If this level is breached, the price is likely to move lower within the channel, further reinforcing the bearish outlook.
Technical Indicators
Ichimoku Cloud:
The price remains below the Kumo Cloud, signaling continued selling pressure and a strong bearish trend. The absence of significant support near the current price suggests a higher probability of further declines.
Bollinger Bands:
The price is approaching the lower Bollinger Band, reflecting short-term selling pressure. However, if the market enters oversold territory, a temporary rebound may occur.
Moving Averages:
The 50-period moving average (blue line) acts as a dynamic resistance, consistently rejecting any bullish attempts and confirming the bearish trend.
Possible Scenarios
Bearish Scenario:
If the price breaks below the support level at 1.0331, further downside movement is expected, potentially attracting more sellers into the market.
Bullish Scenario:
A breakout above the resistance at 1.0449 could lead to a move toward higher levels within the channel, with a potential test of the descending trendline. However, this would require strong buying momentum and a shift in current market conditions.
Conclusion
The EUR/USD pair remains under selling pressure, with the downtrend likely to persist in the short term. A breakdown below the key support at 1.0331 could accelerate the bearish move, while a sustained breakout above 1.0449 may signal a potential reversal. Traders should exercise caution, especially given the reduced trading volume and market activity during the Christmas holidays, which could lead to lower volatility and fewer trading opportunities.
Price target $35 remaining underweight for FY 2025- Ugly draw downs for NASDAQ:PLTR next year.
- Fundamentals don't support the rosy valuation. Stock is priced more than perfection.
- Investors expectations are way to high and will met with disappointment in upcoming quarters in FY 2025
- FY 2025 will likely trap bulls and lead to severe corrections at much lower levels than Twitter bulls claiming PLTR to the moon 100+
#USDT Dominance: Don't FOMO! Here's Why!A rejection on the daily chart has led to a strong performance in altcoins, while BTC is steadily approaching the $100K zone, currently sitting at $98K. A break below the blue EMA, which is being tested now, could result in further continuation.
However, a bounce might mark the end of this Christmas rally.
For those experiencing FOMO, it’s better to hold on and wait. Of course, you’re free to make your own decisions, but in my opinion, patience is the best approach.
I hope you're enjoying the holidays!
Make sure to reduce screen time and spend quality moments with your family and friends.
Stay tuned for more updates!
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Thank you
#PEACE
BITCOIN SELL TO $86,000 (UPDATE)BTC has already smashed our TP1 target & now hovering around the $98,000 zone. It is still possible that price might dump lower towards the $86,000 zone but overall you can DCA (Dollar Cost Average) into buy's now if you're willing to hold. I personally won't be buying at these prices.
GME Bullish 4H Ascending Triangle After making good profits as a TSLA bull when it was forming the same pattern battling $360s resistance before a breakout run to all time highs, I am now paying close attention to GME which is forming a very similar pattern.
A weekly bull flag is trying to confirm, and there is little resistance in the mid FWB:30S to mid $40s. This certainly would be the ideal time for Mr. Kitty to drop a tweet and spark a move.
Another small note is Wall Street Bets has been trying to short squeeze TLRY the last couple days.