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S&P 500 futures: Bulls eye breakout beyond record highsS&P 500 futures have been marching higher for more than a week, attracting buying on dips towards uptrend support. With RSI (14) and MACD confirming the bullish price action, the path of least resistance looks higher, putting a retest of 6053.25 on the radar. With the bias to buy dips near-term, there are two setups available: the first would be to wait for a break above 6053.25. If it were to hold beyond the ultra-short term, you could initiate with a tight stop beneath for protection. Alternatively, if we were to see another retest of uptrend support, longs could be established above it with a stop beneath for protection. Some traders use extension measures to assess potential targets when trading at record high, but I’m more simplistic; round numbers, such as 6100 using this example, are one option. Another would be to wait for an obvious topping signal from either a single or multiple candle pattern. When one comes along, bail. Otherwise, let it ride. If the price were to break and close beneath the uptrend, the bullish bias would be invalidated. Good luck! DS.
CME_MINI:ES1!Long
by FOREXcom
Need to check the movement in the 3252.0-3462.49 box section Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) The 3265.0-3321.30 section is an important support and resistance section. Therefore, since the HA-High indicator is showing signs of being created at the 3317.73 point, the key is whether it can receive support and rise near this section. If it falls below 3243.80, 1st: MS-Signal (M-Signal on 1D chart) 2nd: 2895.47 You need to check whether there is support near the 1st and 2nd above. - If the HA-High indicator is newly created, the box section is also newly formed, so you need to check the appearance after the HA-High indicator is created. In addition, since the BW(100) indicator was created at the 3414.49 point, the 3414.49-3438.16 section is likely to act as a resistance section. - You need to check the position when the StochRSI indicator falls to the overbought section and switches to a state where StochRSI < StochRSI EMA. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
Need to check support near 92600.19 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) Since the next volatility period is around December 3, the point to watch is whether the price can be maintained near the box range of the HA-High indicator (92600.19-98871.80) until then. - The HA-High indicator was created at the 96372.40 point, forming a box range (92600.19-98871.80). This box section is not currently formed by a wave but by a single candle, so there is a possibility that it will expand the box section while moving sideways around this section. Therefore, we need to check whether there is support near the bottom of the box, 92600.19. If we see resistance, the key is whether we can touch the MS-Signal (M-Signal on the 1D chart) indicator and rise. If not, and it falls below the MS-Signal indicator, that is, if it falls below 87.8K, there is a possibility that it will fall to around 79.9K-80.9K, so we need to think about a response plan for this. - Since the StochRSI indicator is showing signs of entering the oversold section, we need to check the position when it rises in the oversold section and switches to a state where StochRSI > StochRSI EMA. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, I expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
Cardano's Resurgence: A $1 Reclaim and a Bullish OutlookCardano (ADA), the blockchain platform known for its scientific approach and focus on sustainability, has recently made significant strides.1 The cryptocurrency has not only reclaimed the crucial $1 price level but has also witnessed a surge in network growth, sparking optimism among investors and analysts alike.2 Reclaiming the $1 Mark After a period of consolidation, ADA successfully broke through the psychologically significant $1 resistance level.3 This achievement marks a significant milestone for the cryptocurrency, which has been steadily gaining momentum in recent months.4 The price surge can be attributed to several factors, including increased network activity, positive market sentiment, and growing institutional interest.5 Network Growth and Adoption One of the key drivers behind Cardano's recent price appreciation is the substantial growth in its network activity.6 The number of daily active addresses on the Cardano blockchain has surged, indicating increased user engagement and adoption.7 This uptick in user activity is a strong indicator of the network's health and potential for future growth.8 Furthermore, Cardano's Total Value Locked (TVL) has also experienced significant growth, reflecting the increasing popularity of decentralized applications (dApps) and other projects built on the platform. As more projects and users choose Cardano, the network's value proposition strengthens, attracting further investment and attention.9 Technical Analysis: A Bullish Outlook From a technical perspective, Cardano's price action appears to be forming a bullish pattern. The recent breakout above the $1 resistance level has provided strong confirmation of the uptrend. Additionally, key technical indicators such as the Relative Strength Index (RSI) and Moving Averages (MAs) are signaling bullish momentum. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly.10 While the technical indicators suggest a potential for further upside, conducting thorough research and considering risk management strategies is crucial before making any investment decisions. Future Potential and Challenges As Cardano continues to mature and evolve, it has the potential to become a leading player in the blockchain industry. The platform's focus on sustainability, scalability, and security positions it well to address the challenges faced by other blockchains.11 However, Cardano still faces several challenges, including competition from other established and emerging platforms.12 Additionally, the regulatory environment for cryptocurrencies remains uncertain, which could impact the adoption and growth of the industry.13 Conclusion Cardano's recent price surge and increased network activity are positive signs for the future of the platform. The cryptocurrency's strong fundamentals, coupled with a growing community and a dedicated development team, position it well for long-term growth.14 While the short-term price movements may be subject to market volatility, the long-term outlook for Cardano remains bullish.15 As the network continues to mature and attract more users and developers, ADA has the potential to reach new heights and solidify its position as a leading blockchain platform.16
COINBASE:ADAUSD
by bryandowningqln
AUDNZD Wave Analysis 26 November 2024 - AUDNZD reversed from resistance zone - Likely to fall to support level 1.1000 AUDNZD currency pair recently reversed down from resistance area located at the intersection of the resistance level 1.1145 (former top of the weekly impulse wave 1) and the upper weekly Bollinger Band. This resistance area was further strengthened by the resistance trendline of the weekly up channel from the end of 2022. Given the strength of the resistance level 1.1145 and other overbought weekly Stochastic, AUDNZD currency pair can be expected to fall to the next support level 1.1000.
Short
by FxProGlobal
EURAUD Wave Analysis 26 November 2024 - EURAUD reversed from support zone - Likely to rise to resistance level 1.6350 EURAUD currency pair previously reversed from support area set between the pivotal support level 1.6020 (which has been reversing the pair from the end of June) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Morning Star Doji. Given the oversold daily Stochastic, EURAUD currency pair can be expected to rise further to the next resistance level 1.6350 (top of the previous wave (2)).
Long
by FxProGlobal
FILUSDT Long Setup Setting / Setup and SettingsBINANCE:FILUSDT COINBASE:FILUSD 📈Which side you pick? Bull or Bear SL1 ---> Low-risk status: 3x-4x Leverage SL2 ---> Mid-risk status: 5x-8x Leverage (If there is just one SL on the chart, I suggest, low risk status🙂 👾Note: The setup is active but expect the uncertain phase as well. ➡️Entry Area: Yellow zone: 5.56-5.78 ⚡️TP: 6.00 6.20 6.40 6.69 🔴SL: 5.33 🧐The Alternate scenario: If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
The key is whether the box section and pull back can be created Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day today. ------------------------------------- (BTCUSDT 1D chart) The HA-High indicator, which showed signs of being created yesterday, is expected to be created for sure this time. Accordingly, the key is whether it can be supported near 96372.40 and rise above 98892.0. - Since the creation of the HA-High indicator means that a high section has been created, I think that whether there is support near the HA-HIgh indicator can be an important criterion for predicting future trends. First, we need to check how the box section is formed after the HA-High indicator is created. Since the box section is usually formed above and below the HA-High indicator, it also means a section that moves sideways to the HA-High indicator section. However, there are cases where a trend is formed right away without forming a box section, but since such cases are extremely rare, I think you don't need to worry about this. - What we need to consider is whether the MS-Signal (M-Signal on the 1D chart) indicator can be touched and risen. In other words, if the MS-Signal (M-Signal on the 1D chart) indicator is touched and rises while creating a box section of the HA-High indicator, a pull back pattern will be created and an upward price adjustment will be experienced. - If not, and it falls below the MS-Signal indicator, there is a possibility that it will touch around 79.9K-80.9K. This section was explained yesterday with the 1W chart. Therefore, you can see how important the MS-Signal (M-Signal on the 1D chart) indicator area is. - The next volatility period is around December 3rd. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, it is expected that prices below 44K-48K will not be seen in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to this. If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance. The reason is that the user must directly select the important selection points required to generate Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
1
NSIT longNASDAQ:NSIT bullish Insight Enterprises is a Fortune 500 global provider of IT solutions that helps businesses and organizations digitally transform their operations. The company specializes in delivering technology solutions to optimize IT environments, improve business outcomes, and enhance productivity. Key Details Founded: 1988 Headquarters: Chandler, Arizona, USA Ticker: NSIT (NASDAQ) Industry: IT services, consulting, and hardware/software solutions Revenue (2023): Over $10 billion Employees: Approximately 12,000 Operations: Active in more than 19 countries across North America, Europe, the Middle East, and the Asia-Pacific region. Business Segments Hardware and Software Procurement: Offers a wide range of IT hardware (e.g., laptops, servers, networking equipment) and software from leading brands like Microsoft, Cisco, Dell, and HP. Cloud and Data Center Solutions: Helps businesses adopt cloud technologies, manage data centers, and streamline operations using modern infrastructure. Digital Innovation: Focuses on emerging technologies like artificial intelligence (AI), the Internet of Things (IoT), and advanced analytics to drive business transformation. Managed IT Services: Provides IT support and management services, including cybersecurity, disaster recovery, and help desk services. Consulting and Strategy: Advises businesses on IT strategy, enterprise architecture, and technology implementation to align with organizational goals.
NASDAQ:NSITLong
by fade_the_vol
A great opportunity for ETH to take the lead Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (ETHUSDT 1W chart) The BW(100) indicator on the 1W chart is showing signs of being newly created. Accordingly, the point of observation is to check where the BW(100) indicator on the 1W chart is created and whether the price is maintained above that point. Currently, we need to check for support around 3438.16, which is the BW(100) indicator point on the 1M chart. - (1D chart) It is touching the Fibonacci ratio of 0.618 (3548.07) and is located near 3.438.16. Accordingly, the key is whether it can be supported and rise near 3438.16. - If it falls below 3265.0-3321.30, it is important whether it can be supported and rise near the MS-Signal (M-Signal on the 1D chart) indicator, just like BTC. However, since I think that the decline of ETH has a larger fluctuation range than the decline of BTC, we need to find a countermeasure to see if it can be supported and rise near 2895.47. - In any case, I think this decline of BTC is a great opportunity for ETH to take the lead and rise. Therefore, it is an important point to watch whether the price can rise above 3644.71 and maintain its price during this period of BTC's sideways decline. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, it is expected that prices below 44K-48K will not be seen in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to this. If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance. The reason is that the user must directly select the important selection points required to generate Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
2
Lupin Ltp technical Analysis with IndicatorsLupin Ltp technical Analysis with Indicators Technical Indicators Overview 1. Moving Averages: Trend: Medium- and long-term moving averages support a Buy signal, indicating that the stock is in a sustained bullish phase. The price is likely trading above critical moving averages (e.g., 50-day and 200-day), adding further confirmation to the uptrend bias. 2. RSI (Relative Strength Index): Current Status: RSI is in a neutral to slightly overbought zone. Interpretation: This shows sustained bullish momentum without significant risk of immediate overbought conditions, aligning well with the potential for an upward breakout from the flag pattern. 3. MACD (Moving Average Convergence Divergence): Current Status: The bullish crossover suggests positive momentum. Interpretation: MACD supports the case for a continuation of the uptrend, complementing the flag pattern and moving averages. Integrated Analysis The flag pattern's breakout potential and indicators align well to suggest an upward continuation if key resistance levels are breached. The moving averages and MACD provide medium- to long-term confirmation of bullish momentum. The RSI ensures there's room for further upside without entering extreme overbought territory, reducing the risk of an immediate reversal. Strategy Refinement 1. Bullish Trade Setup: Entry: Above INR 2,150 (flag/channel breakout). Indicators Confirmation: Ensure the price holds above moving averages. MACD should maintain a bullish crossover. RSI stays below 70 after breakout. Targets: INR 2,300 (short-term), INR 2,800–2,900 (flag breakout projection). Stop Loss: Below INR 2,050. 2. Bearish Contingency Plan: Entry: Below INR 2,000 if indicators turn bearish (e.g., RSI dips to 40–30 or MACD flips bearish). Targets: INR 1,950, then INR 1,850 (channel breakdown targets).
NSE:LUPINLong
by pas_infinity
200DMA in focus as ceasefire speculation sparks sharp dropA softer US dollar and falling bond yields typically create a favourable environment for gold, but not today. Prices have plunged sharply, testing the 200DMA, a level that has made for reliable buying in recent times. Reports of a potential Israel-Lebanon ceasefire may explain the drop, but given past false dawns, price action may prove more reliable than speculative headlines for gauging near-term directional risks. For longs, the 200DMA offers an opportunity to buy with a stop just below for protection, targeting $2710, a level tied to horizontal resistance briefly broken in light trade either side of the weekend. However, a close below the 200DMA would invalidate the bullish setup. Mixed momentum signals make price action the clearest guide for now.
FOREXCOM:XAUUSDLong
by FOREXcom
2
EURGBP Wave Analysis 25 November 2024 - EURGBP reversed from support zone - Likely to rise to resistance level 0.8375 EURGBP currency pair previously reversed up from the support area located at the intersection of the support level 0.8260 (which stopped the previous minor impulse wave i) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Long Legged Doji – strong buy signal for this currency pair. Given the bullish divergence on the daily Stochastic indicator, EURGBP currency pair can be expected to rise further to the next resistance level 0.8375 (top of the previous minor correction a).
Long
by FxProGlobal
EURCHF Wave Analysis 25 November 2024 - EURCHF reversed from support zone - Likely to rise to resistance level 0.9360 EURCHF currency pair recently reversed up from the support zone located between the long-term support level 0.9250 (which has been reversing the price from the end of December) and the lower daily Bollinger Band. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing. Given the strength of the support level 0.9250 and the bullish euro sentiment seen today, EURCHF currency pair can be expected to rise further to the next resistance level 0.9360.
Long
by FxProGlobal
BTC Huge Gap!!! We going back to 75k?Hey guys! Congrats all with BTC ATH and recent profits, I was not commenting the situation, because it was pretty clear, and we all know what was happening. But also, as we know, even in the bull cycle have to be corrections and consolidations. So here at the futures chart, we can see a huge gap around the healthy correction possible zone (max to 30%). Also, we have RSI oversold for sure and descending volumes. Plus, in December there were no promises about decreasing US Interest rate, so possibly December can end up in this correction phase. What's your thoughts about when and how much we could go? Let's chat in the comments =)
CME:BTC1!Short
by SheTradesHub
Support near the HA-High indicator is the point of observation Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) The HA-High indicator is showing signs of being created at the 94264.99 point. Accordingly, if the HA-High indicator is newly created, whether there is support near it is the key. Since the HA-Low and HA-High indicators touched the indicators most of the time when they were newly created, it is expected that the HA-High indicator will be touched this time. Therefore, the price is expected to fall. - What we need to look at is whether it can rise when it touches the MS-Signal (M-Signal on the 1D chart) indicator. If it doesn't rise, it can lead to a decline until it meets the M-Signal indicator or the HA-Low indicator on the 1W chart. - Since the BW(100) indicator is currently created at 98892.0, it will eventually have to rise above this point to continue the upward trend. Therefore, for now, the picture that touches the HA-High indicator and rises above the BW(100) indicator is the best picture. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 134018.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 -----------------
by readCrypto
1
Key Support Area: Around 3265.0-3321.30 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) The key for ETH right now is whether it can get support around 3265.0-3321.30. If it gets support, ETH is expected to show an upward movement to renew the ATH. - As I mentioned in this BTC idea, since BTC is expected to show a slight downward sideways movement, I think it is likely to show an upward movement if it gets support at this time. - If it falls below 3243.80 and shows resistance, it is important to see if it can rise after receiving support near the MS-Signal (M-Signal on the 1D chart). If not, it can fall to around 2895.47. - The final buy zone for ETH is around 3644.71, but if possible, it is recommended to buy below 3438.16. The reason is that if the price starts to rise, it is likely to rise while shaking up and down. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto
1
Raw VS Percentage Volatility FormatA Quantitative Comparison of "Buying & Selling Pressure" and "Average Bullish & Bearish Percentage Change" In market analysis, the choice of averaging method can profoundly influence the insights derived. The "Buying & Selling Pressure " and "Average Bullish & Bearish Percentage Change" indicators demonstrate the unique strengths of fixed-period and candle-count-based averaging approaches. Key Differences Between Fixed-Period and Candle-Count Averaging Fixed-Period Averaging in BSP: ➡︎ In "Buying & Selling Pressure", candle metrics are averaged over a defined period (e.g., 14 bars). ➡︎ This provides rapid insights into market sentiment changes, making it ideal for tracking incentive shifts and volatility in real time. ➡︎ However, because this method includes all candles in the averaging window, it may reflect short-term fluctuations, offering less stability compared to candle-count-based methods. Candle-Count Averaging in ABBPC: ➡︎ "Average Bullish & Bearish Percentage Change"uses a predefined count of bullish or bearish candles for averaging percentage changes. ➡︎ This produces stable and reliable values, which are less sensitive to noise and better suited for risk and reward assessment. ➡︎ The focus on specific candle states ensures that only relevant market behaviors contribute to the averages. Using Percentage Change for Risk Definition One of the greatest strengths of the "Average Bullish & Bearish Percentage Change" indicator is its ability to assist in risk and reward calculations with much more market related figures instead of raw values of volatility: Defining Risk The average percentage change of bearish candles can serve as a dynamic stop-loss level. For example, if the average bearish percentage change over the last 10 candles is 2%, a trader can set a stop-loss at 2% below their entry to account for typical market behavior. Quantifying Reward: The average bullish percentage change helps identify realistic profit targets. If the average bullish percentage change over the last 10 candles is 3%, a trader can set a target at 3% above their entry to maintain a favorable risk-to-reward ratio. Dynamic Adjustments: As the market evolves, these average percentage changes update, allowing traders to adjust their risk and reward levels in real time for better precision. Quantitative Advantages of Percentage Change Averaging Normalization Across Price Levels: Percentage changes enable consistent comparison across assets with vastly different price ranges. Enhanced Stability for Risk Assessment: Candle-count averaging smooths out noise, offering a reliable basis for setting risk parameters like stop-losses and profit targets. Improved Predictability: By isolating specific candle behaviors, percentage-based metrics provide clearer signals for trend-following or mean-reversion strategies. Advantages of BSP’s Fixed-Period Averaging Despite being less stable, "Buying & Selling Pressure " excels in areas requiring speed and adaptability: Fast Incentive Tracking: Period-based averaging adapts quickly to changing market conditions, providing timely insights into shifts in buying or selling pressure. Broad Volatility Capture: BSP includes all candles in the defined period, capturing overall market dynamics, including sudden spikes or reversals. Real-Time Decision Making: Its responsiveness makes it highly suitable for momentum or breakout trading strategies. Bottomline: Use "Average Bullish & Bearish Percentage Change" for stable, consistent data ideal for risk assessment, particularly when defining dynamic stop-loss levels or profit targets based on average percentage changes. Use "Buying & Selling Pressure " for its speed and adaptability in tracking real-time shifts in market incentives and capturing volatility.
PEducation
by fract
1
Sideways are the point of interest until around December 3rd Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) The Fibonacci ratio on the left was drawn in the first rising wave. Therefore, I think it is highly likely that it will sideways around 3.618 (98841.11). I think this sideways movement is likely to continue until around December 3rd during the next volatility period. If it continues to rise, it is expected to touch around 1.902 (101784.54) ~ 2 (106178.85). - (BTC.D 1M chart) If BTC dominance rises above 62.47, I think a market where only BTC rises could be created. Therefore, whether it can fall is the key. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you to decide how to view and respond to this. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 1st : 44234.54 2nd : 61383.23 3rd : 89126.41 101875.70-106275.10 (Overshooting) 4th : 134018.28 151166.97-157451.83 (Overshooting) 5th : 178910.15 -----------------
by readCrypto