NFLX pullback to $803MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is positive
Price at 4.618 Fibonacci level
Down from $876.75
Target is $803 or channel bottom
will manually stop loss
Fibonacci
Z tags $85, pulls back to $75MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at or near top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM is spiked positive
Price at or near Fibonacci level
Buying a put if price reaches $85
Target is $75 or channel bottom
Stop loss is TBD
Ethereum Fibonacci Retracement SetupThis ethereum setup I use is on the 15 minute chart. The signals are SMA crossovers of the 13/55. And the moving average plots are using Golden Ratio numbers to forecast near term price movements. Lastly I use a sessions indicator to show the New York & Tokyo sessions. As well as a tick value indicator to show me how much the tick value of the futures contract for Ethereum.
Crossover Signals:
Long - SMA 13 > SMA 55
Short - SMA 13 < SMA 55
Golden Ratio Plots (SMA):
111 - White
233 - Red
610 - Green
Timeframe :
15 minute
NAS100 DEC 23 -27 MARKET BREAKDOWNAnalysis Based on the Chart:
1. Bullish Context:
The overall trend is bullish, and the market has recently pulled back to a key support zone:
• The 50% Fibonacci retracement level aligns with both historical support and a daily bullish order block (OB).
• Price action respecting this level suggests a potential continuation to the upside.
2. Daily Break of Structure (BOS):
The BOS on the daily timeframe confirms a shift to bullish momentum, indicating that higher highs could be the next target.
3. Liquidity Sweep:
The sharp pullback appears to have cleared out liquidity (stop-loss clusters from retail traders) below the recent swing low. This is a common pattern before a bullish push.
4. Confluences for Entry:
• The pullback to the Fibonacci 50% level gives a high-probability entry point.
• The price has respected both dynamic support (trendline) and horizontal support at the bullish OB.
Will XRP stay in the sideways trend channels?Hello everyone, I invite you to a quick review of the XRP to USDT chart on the 12H interval.
As we can see, the XRP price is moving in a sideways trend channel in which the price bounce did not effectively overcome the resistance at $ 2.27, the next resistance is at $ 2.47, but then we have visible resistance at $ 2.61, another strong resistance is at $ 2.78, and only when we have a positive exit from the channel, the price can get a strong upward impulse around the resistance at $ 3.29.
In a situation where the market will have a further reaction and the price will start to fall again, we have visible support at $ 2.22, then strong support at the lower limit of the channel at $ 1.94, however, if the price leaves the channel at the bottom, it may get a drop to around $ 1.72, and further, taking into account the height of the channel, there may be a price reversal to $ 1.39.
The RSI indicator has room for continued growth, but a lot depends on the behavior of BTC itself.
Bitcoin - More blood will follow (Do not buy now, buy here!)Bitcoin is completely manipulated by the banks and huge institutions. They sent Bitcoin down just to make your Christmas and New Year celebrations bad. But luckily I warned you about this crash a few days ago, just before it happened in my previous analysis, when almost everyone was drunk with strong greed. Bitcoin crashed by 15% so far; altcoins are down by 30% to 70%.
The last days were very profitable, but let's focus on the future, because that's the most important. Bitcoin bounced a bit from 92k to 99k, giving players hope that the bottom is in. But do not be fooled, this looks like a corrective move for multiple reasons.
The first reason is that the crash was extremely fast and strong, pretty much no one expected such a drop in the short term. My Elliott Wave analysis suggests that this is a strong impulse wave 12345 and therefore the start of a larger corrective structure ABC. We have finished wave A, now we are in wave B, and we can expect wave C to finish at around 85k! You want to take a Fibonacci extension, as you can see on my chart.
I strongly recommend waiting for 85k because we have an unfilled FVGAP on the daily chart, and this needs to be tested. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss. I share my trades privately. Thank you, and I wish you successful trades!
Update on PENGU buys.Upon careful reassessment, I saw the possibility of market moving from the higher OB.
Structure has been broken, so a retest to the old low, is quite unlikely.
At least, that’s what I feel.
It could be one or the other, but this trade defines which stands true..
Lower OB vs New Structural OB
PENGUUSFT buy idea.Change of character, followed by a pending sweep. PENGU is relatively new to the market, so there’s not so much info to work with, but the 15m,30m chart gives us that info we’d need.
It dumped temporally following BTC’s dip, and is now in recovery (or, at least it looks like it).
I believe this region would be a good range for buys
Hope this is helpful, let’s watch.
SkyWater Technology, Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# SkyWater Technology, Inc.
- Double Formation
* (Neckline) At 8.00 USD
* Retracement Numbered | Subdivision 1
** 1.272))
** (1)
** ((50))
** (0)
- Triple Formation
* 12.00 USD | Area Of Value
* Pattern Recognition | Head & Shoulders | Subdivision 2
* Retracement Not Numbered | Daily Time Frame | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
Lindblad Expeditions Holdings Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Lindblad Expeditions Holdings Inc.
- Double Formation
* (Triangle Structure) | Survey | Subdivision 1
* 12.00 USD | Area of Value
- Triple Formation
* 1)) & 0.382)) | Uptrend Bias
* ((50)) & (1) Retracement | Survey | Subdivision 2
* Daily Time Frame | Entry Settings | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Buy
KJELL GROUP AB | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# KJELL GROUP AB
- Double Formation
* Pattern Confirmation | Left, Head & Right | Subdivision 1
* Retracement 1 | Survey Valid | Not Numbered
- Triple Formation
* Trend Line 1 & 2 | Triangle Structure | Subdivision 2
* 012345 | Wave Count | Wave 3 Ongoing
* Retracement 2 | Daily Time Frame | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
Unlock Hidden Profits: Expert Gold (XAU/USD) Analysis!FXOPEN:XAUUSD
Price Action Analysis and Strategy by @Alexgoldhunter
Key Levels and Structures
Break of Structure (BOS):
Multiple BOS annotations indicate significant shifts in market structure. These are key points where the price has broken previous support or resistance levels, suggesting potential trend changes.
Equal Highs:
A region marked as "Equal Highs," indicating a resistance level where the price has repeatedly failed to break above. This is a potential area to watch for a breakout or reversal.
Strong High:
A "Strong High" is marked, indicating a significant resistance level that has held firm. This is a critical level for potential sell opportunities if the price approaches it again.
Fibonacci Retracement Levels:
The chart includes Fibonacci retracement levels (0.382, 0.5, 0.618, 0.705, 0.786) from a recent high to low. These levels are used to identify potential support and resistance areas.
Indicators:
Volume:
Volume bars indicate the trading activity. Higher volume on up moves suggests strong buying interest, while higher volume on down moves suggests strong selling interest.
RSI (Relative Strength Index):
The RSI is currently at 44.81, which is below the 50 level, indicating bearish momentum but not yet in the oversold territory.
MACD (Moving Average Convergence Divergence):
The MACD line is at 1.265, the signal line is at -5.079, and the histogram is at -6.344. The MACD is below the signal line, indicating bearish momentum.
Buy Strategy:
Support Levels:
Look for buying opportunities near strong support levels, such as the recent low around 2,580.000 USD.
Watch for bullish reversal patterns (e.g., double bottom, bullish engulfing) near these levels.
Fibonacci Retracement:
Consider buying near the 0.382 (2,607.921412) or 0.5 (2,615.847) Fibonacci retracement levels if the price shows signs of reversal.
RSI and MACD:
Look for the RSI to move above 50 and the MACD to cross above the signal line for confirmation of bullish momentum.
Sell Strategy:
Resistance Levels:
Look for selling opportunities near strong resistance levels, such as the "Strong High" or "Equal Highs" around 2,640.000 USD.
Watch for bearish reversal patterns (e.g., double top, bearish engulfing) near these levels.
Fibonacci Retracement:
Consider selling near the 0.786 (2,635.056476) or 0.705 (2,629.61603) Fibonacci retracement levels if the price shows signs of reversal.
RSI and MACD:
Look for the RSI to move below 50 and the MACD to cross below the signal line for confirmation of bearish momentum.
Simple VIP Signal:
ENTRY: 2,580.000 USD
TP1: 2,607.921412 USD
TP2: 2,635.056476 USD
SL: 2,540.000 USD
Follow @Alexgoldhunter for more strategic ideas and minds
Disclaimer:
Disclaimer: Trading involves substantial risk and is not suitable for every investor. The analysis and strategies provided here are based on historical data and technical analysis techniques, which do not guarantee future performance. Before making any investment decisions, please consider your financial situation, level of experience, and risk tolerance. Always do your own research and consult with a financial advisor if necessary.
Long dxyCurrently believed that dxy is or has started a wave 5 impulse to new highs.
I believe that this will cause corrections across stock and crypto markets, potentially for next two years.
Bitcoin may have toped, I, a, looking for a pull back to low 70 this next 12months being a A wave on a large scale corrections, with a push up before failure and settling around 40k regions before a few impulse out to 180k.
I will monitor for sideways accumulation around 45-40k.
This is my current bearish plan 21.12.2024
What's next for BTC? Will the correction go lower?Hello everyone, I invite you to review the situation of BTC, which has currently had a -15% price correction. This is a natural correction in the growth cycle, and what's more, much larger corrections at 20% or 30% levels often appeared in bull cycles.
Let's start with how the price moved in the local growth trend channel, in which we can see how dynamically we went down to the lower zone of the channel, which translated into a further drop in price reaching the support level at $ 91,712. In such a situation, it should be taken into account that very often leaving the channel gives a movement close to the channel height, which could cause the BTC price to drop to the support level at $ 84,072.
If the current rebound from the level of around $92,000 ends the current correction, however, here we see how the level of $95,004 poses effective resistance for the price, only when it is broken again will it go further to the area of $101,000, and then again move towards the strong resistance zone from $106,000 to $108,000. On the RSI, taking into account the 12H interval, we have a visible descent with crossing the lower limit, which in previous situations gave rise to renewed price increases.
$50 by Nov 5
Appears we've had an accelerated move to the low $40's already. Was expecting this by x-mas.
Now expecting a move to $50 by election day. There is some uncertainty who will win, but a push to the 88.6% fib is highly probable.
Depending on who wins, we will see a push to between $54-62 range, or a temporary retrace.
Feds have cleared the way for more rate cuts. Mostly likely another .25 before election day, just so they look good, but not "influencing" the market/election in any way, of course.
Nifty Short Term Analysis. Nifty today has given a poor closing below 200 days EMA but the only saving grace can be that the closing is just above Mid-Channel support of 23500 and Important Fibonacci support of 23263.
These Two supports are broken then more hell can break loose and we can get to see the next Fibonacci supports being tested. The next Fibonacci supports can be near 22509 or 21585. On the positive side if either of the support is held and then we can see a new rally in Nifty wit resistances at 24718 and 25347. It looks like Nifty will take some time to reach new highs as the the mode is bottom searching and consolidation as of now.
Fresh rally and Bullish recovery can start only after we get a closing above these 2 levels. However, this can be a good time to go long by picking good blue chip stocks available at good valuations.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
SFM to $142My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is negative and at bottom of Bollinger Band
Entry at $100131.5
Target is $142 or channel top
WDFC to $265My trading plan is very simple.
I buy or sell when price tags the top or bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at oversold level
VBSM is spiked negative and at bottom of Bollinger Band
Entry at $249.82
Target is $265 or channel top
EURUSD Waiting for confirmation1. Time Frame:
- Daily: FVG Identification
- H4: FVG Identification
- H1: Entry Signal
2. Fair Value Gap (FVG):
On the H4 chart noted a Fair Value Gap (FVG) between 1.0380 - 1.0466
On the Daily chart also note FVG between 1.0422- 1.0480
3. Trend Confirmation:
Price has break support at 1.0453 with massive net sell volume.
Price has rise back to Daily & H4 FVG area.
4. Position:
Entry: Waiting for confirmation
Stop Loss : 1.0485
Take Profit: 1.0345 & 1.0240 (fibo 161.8 & previous low)
RRR : 1:xx
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Disclaimer
The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.