BITCOIN to 120.000€ 1. General Overview of the Setup:
This chart uses Fibonacci circles as a tool to identify key support and resistance levels in relation to time and price. The circles expand outward from the anchor point of the trend, capturing potential price turning points or zones where price action could experience increased activity or reactions.
Current Price Action: BTC/USDT is trading around $104,263.80, which places it in the upper section of the Fibonacci circles. This suggests the asset is in a strong uptrend and consolidating just above the "big support level" marked near $93,763.78.
Major Levels Highlighted:
Support Level: ~$93,763 (confluence of horizontal price structure and a Fibonacci ring boundary).
Resistance Target: ~$124,734 (upper Fibonacci ring level and future price projection).
2. Fibonacci Circles Insights:
The circles are designed to project areas where price could encounter significant resistance or support based on the geometry of price and time cycles:
Past Reactions:
Orange circles highlight points where the price bounced or reversed in alignment with the intersection of Fibonacci ring boundaries.
Blue circles mark breakout areas where BTC surged higher after respecting a lower Fibonacci level.
Present Position:
The price is currently above the $93,763 support level, using it as a base to consolidate. This level aligns with a key Fibonacci ring, reinforcing its significance.
Future Projections:
The next significant resistance based on the Fibonacci ring geometry lies around $124,734, aligning with the next major arc. This could act as a magnet for price in the coming weeks.
3. Support and Resistance Levels:
Big Support Zone (~$93,763):
This is identified as the major structural support and coincides with the lower boundary of the current Fibonacci arc.
A breakdown below this level could lead to a retest of deeper levels, possibly around $85,000 or lower Fibonacci arcs.
Major Resistance Zone (~$124,734):
This level is a key Fibonacci target that aligns with the next concentric arc. Historically, BTC has reacted near similar Fibonacci resistance levels in this uptrend.
4. Indicators and Patterns:
Bullish Continuation Setup:
The overall structure suggests that BTC is in a healthy consolidation phase within a strong uptrend.
The Fibonacci rings imply that price has respected geometric levels, suggesting bullish continuation toward higher targets.
Volume Analysis:
Declining volume during consolidation supports the idea of a breakout or continuation pattern, as selling pressure appears to be limited.
5. Trade Plan and Key Levels:
Scenario 1: Bullish Breakout:
Entry: Above $105,000 on strong momentum and volume confirmation.
Target: $124,734.
Stop Loss: Below $93,000 (to invalidate the breakout setup).
Scenario 2: Bearish Breakdown:
Entry: Below $93,763 on high volume and bearish confirmation.
Target: $85,000 (next major support).
Stop Loss: Above $100,000 to minimize risk.
Conclusion:
The Fibonacci circle analysis combined with the current BTC/USDT trend strongly suggests bullish potential, with $124,734 as the next significant resistance target. However, traders should monitor the $93,763 support level, as a breakdown below this point could shift the trend bearish in the short term. Patience and disciplined risk management are key to navigating this setup.
Wave Analysis
DOUG how horrible is this company It used to be a fantastic company- They ruined it....
Douglas Elliman (DOUG) has faced significant challenges recently:
Stock price decline: DOUG shares have dropped 26% in the past month and 34% over the last year1. The stock price tumbled to as low as $1 per share, risking delisting from the NYSE5.
Consecutive losses: The company has reported eight consecutive quarterly losses. In Q3 2024, Douglas Elliman faced a net loss of $27.2 million.
Market capitalization plunge: DOUG's market cap has fallen from over $900 million at its IPO to around $100 million.
Underperformance: The company missed analyst expectations on unit growth, consolidated revenues, and adjusted EBITDA in Q2 2024.
Industry challenges: High mortgage rates and limited listing inventory are weighing on productivity.
Bearish sentiment: Current sentiment for DOUG stock is bearish, with the Fear & Greed Index showing 39 (Fear).
Activist pressure: An investor has called for the removal of chairman and CEO Howard Lorber due to poor financial performance.
Controversy: Sexual assault allegations have been made against two of the brokerage's former top agents.
The business model is what is horrendous. it is predicated in routing clinest away from well connected agents and into a small group of prioritized teams. The problem with teams is that have no class nor clue, and it deviates from the old and tested, socially connected business.
High End Lux Real estate is all about social connections. They have a male pon start there as their top guy... come one ...
Vestas turning bullish Given strong divergence on RSI, correlation on wave extensions, high volume below and EW count the target for the earnings date 5. feb is about 90.
From there Vestas is expected to turn bullish.
Beware that current P/E is about 250
There is some correlation to the Ørsted count
AMD Harmonic Elliott Wave and Hurst Cyclic AnalysisLet’s revisit the key points from my last update on AMD, published on November 27th:
We are currently correcting the bullish move from October 2022 to March 2024.
Wave A of the second zigzag (labeled 'y') is nearing completion.
The October 2023 trough aligns with an 80-week (80W) cycle trough.
The first 20-week (20W) cycle within this 40W cycle was anticipated around December 18th.
A rally is expected to follow before entering the extreme bearish phase.
The 80W cycle trough is projected for early April 2025.
Although the 20W cycle trough took slightly longer to form than expected, the overall analysis remains intact. We are currently progressing through wave B of y of (II), which I believe could push prices as high as 144. The 80W cycle trough is now projected for early May 2025.
Ethereum - We Will See This Breakout!Ethereum ( CRYPTO:ETHUSD ) is ready to catch up:
Click chart above to see the detailed analysis👆🏻
For the past couple of months, Ethereum has been retesting the previous all time high resistance and was actually not able to break it. However, following the rising channel pattern, the bullish break and retest and price action, the breakout is about to happen.
Levels to watch: $4.000
Keep your long term vision,
Philip (BasicTrading)
DJI a FAILED 5th Wave and right shoulder Head n shoulder TOP The chart now can be seen as A 5th wave Failure . as we have entered the 6 spiral window. the last 5 /6 spirals called the TOP to the day major turn 11/29 to 12/5 in the dji it was 11/29 and the MATH was near perfect . Now what ?? the drop in my view was wave 4 of the Supercycle peak . since then cycles turned up and the 5th wave started . based on the 80 day cycle due mid dec . so why am I calling this a Failed 5th wave reason is the last low was one of the longest days down in US history and breaking the long term trendline support The High Hit the trendline at the peak going back to the sept 2nd 1929 high . The fact that the sp 500 is now the only index to print a new record high is a warning . I started to move into puts on friday jan 17th and moved to a 110 % long puts today at 6100 in the spx cash and 533 in the QQQ , The market can still trace out a small 4 nad 5 and 4.5 and the DJI could still print a minor new High but today and this week are a grouping of 6 spirals Golden ratio . the DJI has only rallied to almost .786 the drop 44370 target I started buying puts at 43800. 2025 is a very bearish cycle see my forecast DEC 8th 2024 . Best of trades WAVETIMER
CAD/CHF - Analysis and Forecast for 2025Are you ready to explore one of the most intriguing currency pairs in the forex market? 🌍 In this video, I dive deep into CAD/CHF to uncover the trends, key levels, and potential opportunities that 2025 holds for traders like you! 🕵️♂️💡
🚀 What to Expect:
✅ A detailed analysis of the Canadian Dollar 🇨🇦 vs. Swiss Franc 🇨🇭.
✅ Key drivers shaping the forex market this year, including oil prices 🛢️, monetary policy 📊, and global economic dynamics 🌐.
✅ Entry points, targets 🎯, and risk management tips for smarter trading.
💼 Whether you're a seasoned trader or just starting your journey, this video provides actionable insights to help you make informed decisions. 📊📈
👀 Why CAD/CHF?
The CAD/CHF pair is not just another forex pair—it’s a battleground of two strong economies with unique influences. From Canada’s oil-driven strength 🛢️ to Switzerland’s reputation for stability 🏦, this pair offers volatility and opportunity for those who know how to trade it.
💡 Don't Miss Out!
Watch till the end to see why I entered a buy position and how I plan to capitalize on the upcoming trends. 🎯💰
🌟 Hit the Like Button 👍, Subscribe 🔔, and Join the Discussion in the Comments!
Let’s decode the future of CAD/CHF together! 💬👨💻
Why You Should Consider Buying ARKK ETF: A Gateway to InnovationOverview of ARKK
ARKK is the ticker symbol for the ARK Innovation ETF, managed by the investment firm ARK Invest, led by Cathie Wood. The ETF is renowned for its focus on high-growth, innovative companies across various sectors such as technology, healthcare, artificial intelligence, and renewable energy.
Key Features
Focus on Disruptive Innovation:
ARKK invests in companies at the forefront of transformative technologies, including:
Genomic research and biotechnology.
Robotics and automation.
Artificial intelligence (AI).
Blockchain technology.
Electric vehicles (EVs).
Active Management:
Cathie Wood, the fund's visionary manager, is known for her bold and aggressive investment strategies, targeting high-risk, high-reward opportunities in emerging industries.
Portfolio Composition:
ARKK's holdings include trailblazing companies such asTesla, **Roku, Zoom Video Communications, CRISPR Therapeutics, and Block (formerly Square). The portfolio is actively managed and adjusted based on ARK Invest's extensive research.
Risk-Reward Profile:
As a high-risk ETF, ARKK is characterized by significant price volatility. It appeals to long-term investors willing to weather short-term fluctuations in pursuit of substantial growth potential.
Performance:
Boom in 2020: ARKK experienced remarkable growth during the pandemic, fueled by a surge in tech stocks.
Challenges in 2022: The fund faced a steep decline due to corrections in the tech sector, rising interest rates, and economic uncertainties.
Expense Ratio:
ARKK has an annual management fee of approximately 0.75%, higher than the average for ETFs, reflecting its active management approach.
Target Audience:
ARKK is ideal for investors who believe in the long-term potential of disruptive innovation and are comfortable with short-term losses for the prospect of future gains.
Risks to Consider
Sensitivity to macroeconomic factors (e.g., interest rate hikes).
Vulnerability to downturns in the technology sector.
Heavy exposure to companies with low or negative earnings.
Why Buy ARKK?
Investing in ARKK provides exposure to groundbreaking technologies and industries poised for exponential growth. While it carries higher risks, it offers the potential for substantial long-term rewards. Whether you’re an experienced investor or a believer in the future of innovation, ARKK is a compelling addition to a forward-thinking portfolio.
Amd - It Comes Down To This Support!Amd ( NASDAQ:AMD ) is retesting massive support:
Click chart above to see the detailed analysis👆🏻
For more than three years, we have been seeing a quite volatile consolidation phase on Amd. Looking at recent price history though, Amd just came back to retest a massive horizontal support level and if we see bulls taking over, a rally of +100% is very possible.
Levels to watch: $120, $240
Keep your long term vision,
Philip (BasicTrading)
GOLD → bulls are aiming for ATH. The odds are high...FX:XAUUSD is in a rally phase aiming for ATH. Based on geopolitical data, we have a pretty good chance. The focus is on 2750. From this point the northbound train can continue its journey.
Trump's policies are putting quite a bit of pressure on geopolitics due to creating trade problems for major nations like China, EU, Canada, BRICS countries. Chinese Vice Premier Ding Xuexian has warned of the negative effects of a trade war, which has further increased demand for safe havens like gold and the US dollar. Gold is also facing pressure because of the Fed, but the dollar correction is becoming another driver for the metal.
Technically, the price is trying to consolidate above a rather important level. 2749. If the bulls manage to keep the defense above 2750, the metal may continue its growth in the short and medium term
Resistance levels: 2759
Support levels: 2750, 2737, 2732
Emphasis on 2750. If the bulls keep this area under their control, the gold will go higher. But, I do not exclude a retest of 0.5 Fibo liquidity zone or 2732 before further growth.
Regards R. Linda!
SOLANA - Buy Idea (Short-term)The short-term cycle is driving price action sideways in the last 3 days. After testing the solid last line of defense at $240, Solana has started to turn around. The cross-over the local resistance trigger of $250 is our que to jump into position. We've established a new bullish campaign, targeting the key-level resistance of $264.5
Xauusd Bearish SetupGold price sticks to positive bias for the third successive day on Wednesday and trades near its highest level since November 1 above $2,750. The uncertainty around US President Donald Trump's trade policies turns out to be a key factor that continues to drive haven flows towards the precious metal.
Is GMTUSDT Primed for a Breakout?Catch the Wave: GMT on the Verge of a Key Move
As of today, GMTUSDT is trading at $0.1066, standing 97.43% below its historical high of $4.15 from April 2022 and recovering 26.15% from its August 2024 low of $0.0845. The asset’s recent movement shows potential for significant momentum, supported by critical technical markers and volume patterns.
Despite the broader market's indecision, GMTUSDT’s RSI hovers near 53.53, signaling a neutral yet cautiously optimistic stance, while the MFI indicates underwhelming buying pressure at 37.10. This mix of metrics places the asset at a crossroads: consolidation or breakout?
Yesterday, a VSA Manipulation Sell Pattern emerged, hinting at a short-term pullback, but this follows a sequence of "Buy Volume Max" patterns earlier in the week, showcasing a potential accumulation phase. With resistance clustering at $0.1228 and $0.1294, traders should watch for a break above these levels, as this could ignite a rally fueled by a mix of technical and fundamental catalysts.
The question remains: Is the market ready for GMT to reclaim the bullish narrative? For traders and investors, the coming days may offer a defining moment. Are you prepared to ride the wave or step aside?
Roadmap: Tracking GMTUSDT's Patterns to Decode Market Moves
2025-01-19 02:00:00 – VSA Sell Pattern 2
This pattern set the stage with a Sell direction, identifying a potential breakdown below the high_3_bars level of 0.1286. However, the next pattern on 2025-01-19 07:00:00, a VSA Buy Pattern Extra 1st, flipped the narrative, signaling bullish action. This suggests the Sell Pattern 2 failed to activate its trigger point at the high level, indicating limited influence on the market.
2025-01-19 07:00:00 – VSA Buy Pattern Extra 1st
Marked as the turning point, this Buy direction triggered a rally from its low of 0.1195, creating a bullish sequence. Confirmation came with subsequent Buy Volume Max patterns, solidifying the shift in sentiment. Price momentum surged upward, aligning with the main direction of this pattern.
2025-01-20 00:00:00 – Sell Volumes Max
After bullish patterns dominated, this pattern forecasted a Sell direction. The price, previously testing highs near 0.1238, reversed and validated the Sell setup as the market retraced. This indicates a well-executed pivot, setting up traders for potential downside plays.
2025-01-21 16:00:00 – VSA Sell Pattern 4
A critical pattern, forecasting a Sell direction with low_3_bars at 0.099. This confirmed a broader bearish sentiment. As the price failed to reclaim the 0.1051 resistance level, the downward trajectory suggested the market respected the triggers outlined in this pattern.
2025-01-21 17:00:00 – VSA Buy Pattern 5
This pattern followed shortly after, signaling a potential reversal. The Buy direction saw a quick test of prior lows near 0.0979, rallying to challenge 0.1045, providing strong short-term recovery opportunities. This validated the market's responsiveness to consecutive directional shifts.
Conclusion :
The roadmap reveals GMTUSDT's intricate dance between buying and selling pressures, with several patterns confirming their predicted directions and delivering actionable opportunities for traders. Successful patterns like VSA Buy Pattern Extra 1st and Sell Volumes Max provided clear guidance, while occasional misfires remind traders of the importance of trigger points and market confirmation.
Technical & Price Action Analysis: Key Levels to Watch
Support Levels:
The first safety net for GMTUSDT sits at 0.0845, marking the absolute low from August 2024. If buyers fail to hold this line, expect increased pressure, and this level will likely flip into resistance.
Resistance Levels:
GMT faces a series of resistance hurdles ahead. The immediate test is at 0.1228, followed by 0.1294 and 0.1344. If bulls break through these zones, the next battleground lies at 0.1384 and 0.1472. Should these levels reject price action, expect them to act as a ceiling for any upside attempts.
Powerful Support Levels:
Long-term bulls will eye 0.2448, 0.4541, 0.7402, and 0.9678 as key zones for accumulating positions during any deeper corrections. These levels are fortress-like and pivotal for significant reversals.
Powerful Resistance Levels:
While immediate focus remains on nearer resistances, traders should keep in mind these untouched levels that loom higher in the structure. For now, however, the chart shows no specific "powerful resistance levels," emphasizing the importance of breaking closer hurdles.
Pro Tip: Always keep an eye on price action around these levels. If a support gives way, it’s game over for bulls, and the same zone will likely serve as resistance for the next rally attempt. Conversely, breaking through resistance opens the door for extended bullish momentum. Adapt your strategy accordingly—don’t marry a bias, and let the market tell you the story!
Trading Strategies: Fibonacci Rays and Dynamic Factors
Concept of Rays
The "Rays from the Beginning of Movement" method combines Fibonacci mathematical principles with geometric precision to create dynamic levels that adapt to the market's behavior. Rays, drawn from the inception of a trend or corrective move, define boundaries for movement channels and offer insights into price interactions. These interactions, coupled with dynamic factors such as moving averages, provide robust signals for entry and exit points.
Why Rays Work
Predicting exact price levels is impossible due to the financial market's complexity. Instead, rays identify zones of probable reactions, signaling either reversals or continuations. Traders observe price behavior near these zones and make decisions based on confluence with patterns and dynamic support or resistance levels, such as Moving Averages.
Optimistic Scenario
If GMTUSDT interacts positively with ascending rays and surpasses key resistance zones:
First Target: $0.1228 – A breakout above this level confirms bullish momentum.
Second Target: $0.1294 – Continued strength can push the price toward this resistance.
Third Target: $0.1344 – If momentum persists, the next ray interaction will target this zone.
Bonus Levels: $0.1384 and $0.1472 – These levels represent extended bullish objectives based on ray progression.
Pessimistic Scenario
If GMTUSDT interacts negatively with descending rays or fails to hold support levels:
First Target: $0.1038 (MA50) – A breach here indicates bearish continuation.
Second Target: $0.0845 – Testing the absolute low from August 2024 suggests a significant downward shift.
Third Target: $0.0678 – If momentum is bearish, price may interact with this deep support zone, reflecting a broader sell-off.
Dynamic Interaction with Moving Averages
Moving averages play a vital role in confirming ray signals:
MA50 ($0.1038): A close above or below validates the ray's directional bias.
MA100 ($0.1102): Acts as dynamic resistance during upward attempts.
MA200 ($0.1217): A critical barrier to long-term trends and corrections.
MA233 ($0.1227): A key decision point, aligning closely with significant ray levels.
Suggested Trades Based on Rays
Long from $0.1066 to $0.1228: After confirming interaction with ascending rays, target the first resistance zone.
Short from $0.1228 to $0.1038: If price rejects at the resistance ray, aim for MA50 as the initial support target.
Breakout Trade above $0.1228 to $0.1344: A clean breakout signals strong bullish momentum, allowing traders to target subsequent rays.
Reversal Play at $0.0845 to $0.1038: If the price rebounds near the absolute low, capitalize on the recovery toward MA50.
Aggressive Long from $0.1294 to $0.1384: For experienced traders, momentum above the ray at $0.1294 suggests a run to the next dynamic zone.
Call to Action: Let’s Trade Smarter Together!
Hey traders, I hope this analysis gives you a fresh perspective and valuable insights! If you have any questions or want to discuss specific levels, drop your thoughts in the comments—let’s keep the conversation flowing. I’m always happy to engage and share ideas.
If this post resonated with you, hit that Boost button and save it to your favorites. Come back later and see how price respects the rays and levels I’ve highlighted—it’s a great way to sharpen your trading edge. Remember, understanding the key points for entries and exits is the heart of successful trading!
For those curious about my strategy: the rays and levels you see here are generated automatically using my proprietary indicator. It’s a private tool, but if you’re interested, feel free to message me directly to discuss how you can access it.
Got an asset you’d like analyzed? Let me know in the comments or via message. Some requests I’ll happily do for free and share with the community, while private setups can be tailored just for you—discreet and exclusive.
These rays aren’t just for GMT—they work across all assets. If you’re looking for personalized charting and analysis, I’m here to help. Just share the asset you’re tracking, hit Boost, and I’ll add it to my list.
Finally, don’t forget to follow me here on TradingView—this is where I post all my updates and ideas. Let’s build a strong community of traders who learn and grow together. Thanks for your support, and may the charts be ever in your favor!