Community ideas
WHY ALT-COINS ARE DUMPING!!?hello to everybody and welcome back for another analysis.
today is kinda different and we are gonna talk about BTC dominance and the impact it can have on the alternate coins and it's very important.
the reason that the alt-coin market has been all red is actually because of the BTC dominance that is going towards the 60% market cap, and on the other side the BTC price itself is dropping significantly and this alone can cause a huge dump in alt-coin markets.
so be very careful these days for any long entry and manage your risks.
for all holders that want to buy any alt-coins, I suggest that they wait for the dominance to drop and maybe they can consider buying.
Remember, this is not financial advice; it is just my personal opinion that I wanted to share with you all.
THX for reading and have a great day.
Palantir Technologies Inc. (PLTR) - Top is In; Time to ShortPLTR is presenting a potential short setup as it approaches a short zone within the Fibonacci retracement levels.
This area aligns with strong resistance, suggesting a downside move could follow.
Trade Details:
- Entry (Short Zone): $74.25
- Stop-loss: $78.30
Targets:
- Target 1: $65.10 (Fibonacci 1.0 extension)
- Target 2: $57.15 (Fibonacci 1.618 extension)
Analysis:
The rejection of the resistance zone could trigger a bearish wave down to the targets. Fibonacci extensions provide additional confluence for the downside targets.
Monitor price action closely for confirmation.
Bitcoin and altcoin overview (December 20-21)Bitcoin did not follow the priority scenario and broke through the buying zone of $102,000-$100,000 (accumulated volume) without a proper secondary reaction.
At the moment, the local scenario has shifted to bearish, with all major volumes located above, so we only consider going long after confirmation or consolidation above the now mirrored selling zone of $100,000-$102,000.
Currently, there is a small absorption of sales in cumulative delta, but there are no reversal formations, we expect a test of the $94,200 level and will monitor the reaction.
Selling zones: $100,000-$102,000 (mirrored volume zone), $103,200-$104,200 (local volume zone).
Buying zones: level $94,200 (buyer aggression), ~$80,000 (volume anomaly), $77,000-$74,000 (major volume zone).
For altcoins, we are only considering local formations
NVIDIA to ATH $153 until end of 2024 (16% ROI)With NASDAQ:NVDA , we are currently in a promising position to see a final exaggeration into the end of the year. The stock has risen over 180% percent in 2024 and I think we have a good chance to make 200% out of that. Looking at the chart we can see a clear uptrend trendline starting in August this year with multiple touchpoints along the line. Since October we're consolidating within the range from $131 to $153. After touching the trendline on thursday last week we're good to go higher (at least for now). Resistance will be the current ATH at $153. If we fail to hold the level at $131 on the daily chart the trade will be invalidated. That leaves us with 16.54% ROI in total.
Target Zone
$153.00
Support Zone
$131.00
After the US pivoted monetary policy : ??At the beginning of the trading session on December 19 (US time), the world gold price continued to decrease after the US announced the number of unemployment benefit applications was 220,000, down from the forecast of 230,000 applications. This prompted the US Federal Reserve (Fed) to slow down the process of cutting interest rates in the future.
Previously, gold investors were disappointed when the Fed sent out an unfavorable signal right after the monetary policy meeting on December 18. The US Central Bank issued a new forecast, showing that there will be 2 rounds of 25 basis point interest rate cuts next year.
According to independent metal trader Tai Wong, Fed Chairman Jerome Powell revealed that he will slow down the process of cutting interest rates in the context of persistent inflation.
This message from the Fed will make the gold price trend worse in the long term.
According to analysts, the gold market has been volatile at times after the US pivoted its monetary policy. Specifically, the FED is expected to cut interest rates by a total of 0.5 percentage points only twice in 2025. This is a big change compared to the FED's announcement in September 2024 that there would be 4 interest rate cuts next year. This move has stimulated a very strong increase in the price of the USD and US bond interest rates.
Because gold is priced in USD, when the "health" of this currency is stronger, it will put pressure on the price of this precious metal. Higher US bond interest rates have attracted investors to put capital into bonds, reducing demand for gold.
AUD/JPY Short and GBP/AUD ShortAUD/JPY Short
Minimum entry requirements:
β’ Break above area of value.
β’ 1H impulse down below area of value.
β’ If tight 5 min continuation follows, reduced risk entry on the break of it.
β’ If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/AUD Short
Minimum entry requirements:
β’ If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach forms, 15 min risk entry within it.
FORTHUSDT | Huge Volume IncreaseVolume Surge: FORTHUSDT has experienced a significant increase in trading volume.
Key Points:
Blue Boxes: Identify potential zones where buyer activity may pick up.
Conclusion: The notable rise in volume signals growing interest. Keep an eye on the blue box areas for potential entry points where buyers might become active.
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I donβt claim to know it all, but Iβm confident in my ability to spot high-probability setups.
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OILUSD # 002 ( LAST Gann Fan line support for fly !!! ) Hello dear traders.
Good days.
First of all Thanks For Your Support and comments.
βββββββββββββββββββββββββββ
OILUSD is consolidating with holding 8*1 Gann fan line for 0.25 and 0.382 Gann box target .
On reversal time zone expected to reach itself to the two mentioned targets.
Safe trade and good luck
TOTAL3 - Altcoin Season DelayedCryptos are currently in correction mode, which could be a good time to accumulate.
TOTAL3 has an interesting setup, with the next relevant support at 765B-800B, which was the previous high in March 2024, and coincides with the daily SMMA (red line).
If we see a positive reaction in this area, we could at least retest the bearish trend line we have formed in the last few days.
I will update this idea as the setup develops.
XAU/USD - Sell Limit Opportunity After Liquidity GrabGold (XAU/USD) has reached a key liquidity zone above resistance, setting up a potential sell limit opportunity. This move reflects a classic liquidity grab, where smart money clears stop-losses before reversing the market.
Key Observations:
Liquidity Sweep: Price action spiked above a significant resistance level, triggering stop-losses and trapping buyers, suggesting a potential reversal.
Market Structure: Bearish signals, including rejection candles and waning momentum, indicate a possible downside move.
Optimal Entry: A sell limit at aligns with the liquidity grab and anticipated reversal zone.
Trade Plan:
Entry: Sell limit at , positioned for a move downward from the liquidity zone.
Stop Loss: Above the liquidity sweep to account for market volatility.
Take Profit: Targeting key support levels around for a favorable risk-reward ratio.
Risk Management:
This setup leverages the liquidity sweep for a high-probability trade, but disciplined risk management is crucial. Monitor for confirmation of bearish momentum before full execution.