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Bitcoin can exit from pennant and then start to grow to 103KHello traders, I want share with you my opinion about Bitcoin. Looking at the chart, we can see how the price started to trades inside the pennant, where it rebounded from the support line and rose almost to the support level, which coincided with the buyer zone. In the pennant pattern, BTC started to grow inside the upward channel, where it broke the 92600 level and then rose to the channel's resistance line, after which made a correction. Next, the price continued to grow and later rose to the resistance level, which coincided with the seller zone and then made a correction movement to the buyer zone. After this, the price continued to move up inside the channel, where it soon reached the 103000 resistance level and broke it. Next, BTC reached the channel's resistance line, which coincided with the resistance line of the pennant, and made a strong impulse down to the support line of the pennant, exiting from the channel and breaking the resistance level. After this movement, the price turned around and started to grow near the support line of the pennant and now I think that BTC can exit from the pennant and fall to the support level. Then it will turn around and start to grow to a 103000 resistance level, which is my TP. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
Hellena | Oil (4H): Short to support area at 66.867.Colleagues, oil has been in a sideways movement for the last month and is not living up to our expectations, but I still believe that the price will start a downward movement to the support area at 66.867. Now the price is in a complicated wave movement, which I named (A, B, C). In fact, the movement is more complicated, but I will not describe the rules of the Leading diagonal now. So I expect that the price will reach the area of 72, complete wave 2 and start a downward movement. But there is a variant when the price will start the movement at once. Therefore, I do not recommend long positions. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
PEPPERSTONE:SPOTCRUDEShort
by Hellena_Trade
3
GOLD BEAR FLAG ON H1A bear flag pattern on the Gold H1 chart! Here are some key points to consider: Key Points 1. _Bear Flag_: The pattern suggests a potential continuation of the downtrend. 2. _H1 Timeframe_: The 1-hour chart provides a short-term perspective. 3. _Support and Resistance_: Identify nearby support and resistance levels. 4. _Volume and Momentum_: Monitor trading volume and momentum indicators. Trading Strategies 1. _Short Position_: Consider entering a short position if Gold breaks below the lower line of the flag. 2. _Target_: Estimate the potential target by measuring the height of the flagpole. 3. _Set Stop-Loss_: Place a stop-loss order above the upper line of the flag. Additional Tips 1. _Combine with Other Analysis_: Use the bear flag analysis with other technical and fundamental analysis tools. 2. _Monitor Market Sentiment_: Keep an eye on market sentiment. 3. _Risk Management_: Prioritize risk management with stop-loss orders and position sizing.
TVC:GOLDShort
by FXBELLA001
1
SPX Crash Targetsit's important to zoom out frequently to gain some additional perspective. I've given some wild targets for the next 12-18 months and most probably think it's silly, but I can assure it is not. I don't have to be right and it may not be as bad as I think although I highly doubt that. Either way, this is a one month chart going back to the late 90s with what I consider to be the most important longer term levels. It's very easy to get caught up in what's happening now and hopefully we've all made money on the rally, but the last two years has just been a final blow off that happened rapidly at the end of a 15 year bull run, not so significant in the end. I don't actually know what will happen or how far it will fall, but TA can help with that. Maybe we will enter some sort of alternate dimension and it never falls, who knows. Seems extremely unlikely to me, but we'll see. A summary of downside targets and potential paths I will look for: - First target is going to be the ascending trendline from the dotcom peak to the 2021 ATH. A retest of this trendline should be the first stop and it would be a big correction. Many would expect this to be enough, but in reality we won't even be in a bear market until it is broken. - Next two targets are the 2021 ATH and ascending trendline from the COVID bottom. This would put us around 4,800 and may be considered the most reasonable downside target before a recovery. I would also say that in reality we have not even entered a big correction unless these levels break. - If we cannot hold the 2021 ATH, next stop is the ascending trendline from the 2009 bottom and the bottom in 2022 almost right at 3,500. Personally I think this is a reasonable spot to expect a bottom, but this would be the best scenario if you ask me. This would be bad, but not 1929 material. - If we cannot hold 3,500 then it starts to get ugly and I see this as most likely. I think the ultimate bottom will be in a range anywhere from the COVID low down to the 2000/2008 peak. basically 2,200 - 1,500. It's at that point I think things will begin to turn around, but I still have hope for a bottom around 3,500 instead. There you have it. I'm posting this now for you all to laugh at, I'm afraid the laughter and mockery will age like milk, but only time will tell. I hope I'm wrong and if I am, that's a win as far as I'm concerned. Remember, it doesn't matter how confident I am, if these major levels are not broken it won't happen and I won't bet on it, still playing the fluctuations and beginning to build longer term short positions for now. Price will move from key are to key area as it always does. The fluctuations in between are largely insignificant and predicting how extreme the market may get and when is nearly impossible. I've been warning about this publicly since June, my timeframe has always been the fall of 2024 and after the first rate cut with a potential catalyst at any moment before. The market shrugged of all negative catalysts in classic fashion and we melted up instead obviously. However, I think the extreme drops and volatility we have had are noteworthy. This is very similar to 1929 where in the months leading up to the crash we had several huge dumps that recovered in the same day. Highly unusual, eventually there will be no recovery. These events like in early August just show how overleveraged vulnerable the market is toa catastrophic margin call event. TLDR: I think I have posted enough on this topic, but I feel like I'm losing my mind seeing something like 90% of Americans say they do not expect a recession anytime soon so it makes me want to keep going. This is very concerning to me which is why I'm doing it, so maybe I can help educate and stop this from happening again in the future. I don't have much hope unless we abolish the federal reserve, but maybe my efforts can help one person or a few at least. If we all continue to do nothing, we will forever be stuck in this dreaded cycle of engineered recessions and bull markets that are controlled entirely by a very small group of people who do not have America's best interests at heart and lie uncontrollably while they are doing it. If you made it this far, thanks for reading. This is exactly what a major top looks like it, it could not be more obvious and I want teach people how to identify these things using the most basic tools such as the bond market and retail sentiment. Saylor is running back his dotcom ponzi bust at 10x the scale and it is terrifying. Retail is going to get rugged so hard on stocks and BTC, while having perhaps the highest investor confidence level in history. Retail is all in on stocks and BTC with confidence soaring more each day as if it's impossible to lose. I have never in my life seen the bullish sentiment for something be so extreme as it is right now on BTC. This does not end well, it is just a matter of time. Maybe do some research on cryptography rather than repeating the same meaningless buzz words like "decentralized." I don't expect many will care or read what I say right now, but hopefully this archive of information I'm creating in the moment can be here to view in the future for educational purposes. Godspeed.
SP:SPXShort
by AdvancedPlays
4
MY BTCUSD ANALYSIS #WEEKLYHello Everyone here is my #BTCUSD Analysis 🔥🔥 Today on 29th December #BTCUSD Running at $94349 My Analysis for #Btcusd is #Bullish & My Targets are 📈 1) $97000 📈 2) $99500 📈 3) $101500 📈 4) $102800 It might retest the support area before hitting the targets but is expected to remain #Bullish 📈Bullish Continuation: Stabilization above $93000 & $91500 will support our bullish targets till resistance zone $101500 to $102800 & crossing the resistance zone of $101500 & $102800 could lead to a demand zone around $106000 📉Bearish Trigger: If BTC drops below $91000 it may shift into a bearish trend targeting $79500 & $73000 📊Key Levels 📊Trend: Bullish 📈Buy Target $97000–$102800 ❌Stop Loss (SL) $89000 Best of luck Everyone 👍 Trade wisely and stay Connected Please Like Follow & Support Me If you Like My Analysis. thanks 🙏
OANDA:BTCUSDLong
by Gold_Global_Club
2
GBPJPY Set To Fall! SELL! My dear subscribers, GBPJPY looks like it will make a good move, and here are the details: The market is trading on 198.39 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 195.23 About Used Indicators: The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
GOLD IS READY TO FLYhello my fellow traders. share your opinion about this idea in the comment section. Current Gold Price: 2621 Gold is about to fly as market rejected 2610 and closed above 2620 which indicate market's continuation of a bullish trend. Further war crisis in Middle East have got intense and can pump up the Gold prices. Now market will try to breakout the resistance level 2633 and will try to hit our fist target 2638 and if the h4 candle manage to close above 2642 then its next target will be to reach our demand zone 2660. Key Points: Supporting Area: 2610, 2645 Resistance: 2633, 2653 Note: Target 1: 2638 Target 2: 2660 Stop Loss: 2600 Kindly like, comment, and follow for latest updates on Gold.
FXOPEN:XAUUSDLong
by Ibrahim_Gold_Traders
3
EURO - Price can bounce up from triangle to $1.0480Hi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Recently price declined inside a falling channel, where price fell to resistance level and some time traded between. Then EUR fell to support line of channel, but soon backed up to $1.0500 level and continued to trades between it. Later, price rose to resistance line and then made downward impulse, thereby breaking $1.0500 level and exiting from channel. Next, Euro continued to fall inside triangle, where it first fell to support line, breaking $1.0400 level. But soon, price rose to $1.0400 level and some time traded near, after which broke it and rose to resistance line. So, I think Euro can little correct and then bounce up to $1.0480, exiting from triangle pattern. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Fantom (FTM) to print 18,000% move in 2025 to $150 ??** This is a year long forecast ** On the above 10 day chart price action has corrected 70% from the highs of early 2021. A number or reasons now exist for a bullish outlook. They include: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows confirm the end of the downtrend. 3) The bull flag. Have drawn this flag in a number of different ways to capture the last 3 years of price action. The red and blue arrows capture the optimum confluence. If you find a higher count, let me know in the comments below. 4) A 18000% move to $150 will print should the bull flag repeat the 1st impulsive wave. Look left, corrections of up to 80% should be expected along the way! 5) First resistance is at $3 as indicated by the inverse head and shoulders. Is it possible price action continues to correct? Sure. Is it probable? No. Ww Type: trade Risk: you deicide return: 18000% or 180x projected.
Long
by without_worries
62
Bullish Chart But Will There Be A 400% Continuation?We cannot say nor decide, that is for the market to take care of but, we have a bullish chart. We can see a major low and bottom pattern in late 2023. We can see a simple higher low in July 2024. Notice that the low in 2024 happened in July rather than August, which can be considered a positive signal as it detaches from the rest of the market. Those pairs that detach from the rest can move when the rest isn't moving. This pair, FTTUSDT, has been growing since July but bullish momentum only started to increase in September. After September, we have a clear bullish wave and the week is about to close at the highest level since December 2023, yes!, a year ago. In short, a weekly close above $3.45 and we have the highest close in a year. This would be a positive signal and can lead to higher prices. We cannot say that we will get higher prices, we can only follow the chart. We prepare for higher prices, but we also prepare for a crash. How to do this? Define resistance levels (targets) as well as support (stop-loss). If prices go down, either hold long or close at a loss. If prices go up, take profits. Very, very simple. Thanks a lot for your continued support. Namaste.
Long
by AlanSantana
1