FORTHUSDT | %800 DAILY VOLUME SPIKE HUGE OPPORTUNITYFORTHUSDT Analysis Update
We are observing an 800% increase in volume on FORTHUSDT, buyers are active but I will still wait good prices. I think I can get my profits from here as long as the market doesn't go too bad.
Long trades can be planned based on the reactions in the lower time frames near the green line and blue box levels.
I will monitor these zones for potential shifts in buyer activity and upward momentum before executing trades.
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 don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
My Previous Analysis
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Supply and Demand
Crude Oil is looking to clear it's nearest inefficient rangeKeeping it simple we can view this as a lower high > lower low sequence as the high we approached a few days ago was never broken.
Clear inefficiency below should be the only range that will hold price up but my eyes are on the lowest daily orderblock at the extreme range retracement.
Hourly view shows more detail with support levels being extremely disrespected denoting how sellers have been lurking in the wind. Volume profile also shows super bearish volume in these levels with a small support node below the range.
Trading is a Game of Probability------For SMC TradersFocus on Risk Management and High-Probability Setups
Trading is fundamentally a game of probabilities, which means you should take risks that align with your capital and personal risk tolerance. There is no "holy grail" strategy in trading. Instead, you need to think from both sides of the equation: start by assessing the risk you’re taking on in a trade rather than focusing on potential profits. When you prioritize managing risk, profits will follow naturally.
One of the most common mistakes traders make is to focus solely on profits. They imagine the rewards but fail to account for the risks involved. Trading success comes from understanding and managing the probabilities on both sides—risk and reward.
The Foundation of Trading: Risk Management
1.Control Risk Per Trade
Self-Funded Accounts: Limit risk to 1%-2% of your account balance per trade.
Funded Accounts: Limit risk to 0.25%-1% of your account balance per trade.
2. Adjust Stop Loss Dynamically to Protect Capital
When the trade moves in your favor, focus first on securing your stop loss.
Once the market breaks a recent high or low, move your stop loss to breakeven.
Avoid chasing extreme risk-reward ratios like 1:30 or 1:50, which are often overhyped on social media. In reality, a 1:5 to 1:10 risk-reward ratio is excellent and more realistic. Rather than aiming for exaggerated profits, concentrate on protecting your capital and waiting for high-probability entries.
Discipline and Patience: The Keys to Consistent Success
Avoid Emotional Trading
Emotional trading is a major obstacle to profitability. To succeed, you must remain emotionless and stick to your plan. Only take trades at high-probability Points of Interest (POI) and avoid impulsive entries.
Be Patient and Wait for the Right Setup
Patience is a vital part of trading. The market doesn’t always offer high-quality opportunities, so it’s crucial to wait for everything to align with your trading plan before entering a trade.
Key Takeaways
Risk per trade for self-funded accounts: 1%-2%
Risk per trade for funded accounts: 0.25%-1%
Focus on high-probability trading setups and always protect your capital by adjusting your stop loss.
Aim for realistic risk-reward ratios (e.g., 1:5 to 1:10) rather than chasing extreme and impractical goals.
Discipline and patience are the foundations of long-term trading success.
Remember, trading is a long-term game of probabilities. Protect your capital, trade rationally, and patiently wait for high-probability opportunities to achieve consistent profitability.
"Bitcoin Trade Plan (BTC/USDT):Here’s my outlook for the next few weeks:
1️⃣ Price could test the 97,300 support level, where I’ll watch for a bounce.
2️⃣ If it breaks lower, I expect further downside toward 94,800.
3️⃣ Bullish scenario: A strong bounce above support and consolidation could push BTC to the 108,000 - 110,600 zone.
Keeping both bearish and bullish setups in mind—reacting based on price action. Let's see how it plays out!"
NAS/NQ are also preparing for the yearly transitionIf we are flexing daily Fib levels, I used the 21600 swing low as the base. If so we have achieved 75% today. It's also interesting that the volume profile POC (dashed) lies within the golden zone, which is also containing the Broken high retest point
I believe we have down here over the next few weeks into mid January. Using the space between the broken support (breaker) and the new low as consolidation, we should be able to build a nice base for entry ticket into this coming year's candle high
GOLD Consolidation Ahead of Key Fed DecisionGold Technical Analysis
Gold continues to consolidate between 2,638 and 2,653, awaiting a breakout. Currently, the price may attempt to test 2,638, and a 4-hour candle close below this level would confirm a bearish trend, with a target of 2,623. Conversely, stability above 2,653 would support a bullish move, with a potential target of 2,665.
Today's Fed rate decision will significantly impact the market. A 0.25% rate cut would likely have a bullish effect. However, the key focus will be on Powell's remarks during the meeting—if he signals further rate cuts in the next meeting, this could strongly support a bullish trend.
Key Levels:
Pivot Point: 2645
Resistance Levels: 2653, 2665, 2678
Support Levels: 2635, 2623, 2612
Bearish Momentum: Below 2,638
Bullish Momentum: Above 2,653
US30 / Consolidation Ahead of Key Breakout LevelsTechnical Analysis
The price has reached the support level we mentioned earlier and is now consolidating between 43,350 and 43,765 until a breakout occurs. Initially, the price may attempt to test 43,760 or 43,900, driven by the Fed’s 25 bps rate cut. However, it is also possible for the price to drop again, potentially breaking the support zone at 43,350.
A break below 43,350 and 43,200 would confirm a bearish trend, with further downside targets at 42,900 and 42,770.
Key Levels:
Pivot Point: 43580
Resistance Levels: 43765, 43900, 44070
Support Levels: 43350, 43210, 42900
Trend Outlook:
Bullish Momentum: Possible within the consolidation range of 43,350 to 43,900
PREVIOUS IDEA:
S&P 500 Technical Analysis: Market Reaction to Fed Rate DecisionS&P 500 Technical Analysis
The Fed Rate Decision is Coming Today!
The market is expected to be volatile due to the Fed’s rate decision, with a potential decrease of 25 basis points.
As mentioned earlier this week, the S&P 500 has been following a bullish trend, pushing up from 6022. Today, the index is likely to attempt to reach 6099. If it successfully breaks above 6100, it would confirm a bullish zone, with the potential to climb further toward 6143, especially if the Fed reduces rates by 25 bps.
On the other hand, failure to maintain momentum above 6099 could result in the index trading between 6099 and 6022. A bearish trend could begin if 6099 is broken on the downside.
Key Levels:
Pivot Point: 6099
Resistance Levels: 6143, 6166, 6190
Support Levels: 6058, 6022, 5971
Trend Outlook:
Upward Trend: Above 6099
Downward Trend: Below 6022
previous idea:
The exact timing of the Altcoin season !As you know, with the drop in Bitcoin dominance, altcoins yield higher returns compared to Bitcoin. Conversely, when Bitcoin dominance rises, Bitcoin yields higher returns compared to altcoins.
From the point where we placed the red arrow on the chart, it seems that the bearish waves of Bitcoin dominance have begun.
Wave A has been completed, and we are now in Wave B.
Currently, it appears we are in Wave B/X, which is a diametric pattern.
After this diametric, we expect Bitcoin dominance to enter Wave C, which is a bearish wave.
We anticipate that the altcoin season will begin from a high supply level.
This is our perspective on Bitcoin dominance.
Before altcoins undergo further correction, there will be a recovery in wave e of this dominance.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
CELH - Reload opportunity?As per my last post on CELH, we built enough demand to hit our HTF supply at $32. Successful trade an outlook there. Now after an expected rejection at that HTF supply, we are back at our flip zone which was a strong resistance level now looking to turn into support. With a strong reaction off of this zone we may have another opportunity to at least retest the $32 supply and continue to attempt to break it.
Happy Trading :)
NU - Value Play of the DayObviously a lot can change within the next 20 minutes as Powell prepares his monologue... But just a value play here with NU Holdings - they've shown extremely strong growth over the past few quarters and I believe they continue that growth into next year when the market heats up again. Looking to average into a position here within the $9.50-$10.50 range.
Happy Trading :)
Unlock Hidden Profits: Pro-Level ETH/USD Price Action TechniquesBITSTAMP:ETHUSD @Alexgoldhunter Price Action Analysis and Strategy
Key Levels and Zones
Order Blocks (OB):
Upper OB: Around 4,020 USD
Lower OB: Around 3,830 USD
Break of Structure (BOS):
BOS Level: Around 3,830 USD
Change of Character (CHoCH):
CHoCH Level: Around 15th, 16th, and 17th of the month
Fibonacci Retracement Levels:
0.786 Level: 3,984.661 USD
0.705 Level: 3,962.3925 USD
0.618 Level: 3,952.993 USD
0.5 Level: 3,930.75 USD
0.382 Level: 3,908.507 USD
Fair Value Gap (FVG):
FVG Level: Around 3,830 USD
Volume Profile:
High volume areas around key levels, indicating strong interest and potential support/resistance.
Buy Strategy
Entry Point:
Consider entering a buy position near the lower OB around 3,830 USD, especially if the price shows signs of reversal or bullish candlestick patterns.
Stop Loss:
Place a stop loss below the lower OB, around 3,800 USD, to limit potential losses.
Take Profit:
Target the upper OB around 4,020 USD or the Fibonacci levels for potential profit-taking.
Sell Strategy
Entry Point:
Consider entering a sell position near the upper OB around 4,020 USD, especially if the price shows signs of reversal or bearish candlestick patterns.
Stop Loss:
Place a stop loss above the upper OB, around 4,050 USD, to limit potential losses.
Take Profit:
Target the lower OB around 3,830 USD or the Fibonacci levels for potential profit-taking.
Conclusion
By using these price action techniques, traders can develop a strategic approach to buying and selling based on key levels and market structure. Remember to always manage risk with appropriate stop loss and take profit levels.
Happy trading! 📈📉
If you have any more questions or need further details, feel free to ask!
Follow @Alexgoldhunter for more strategic ideas and minds
NIFTY 50 19th DECEMBER 2024 Yellow Zone
(24,285.45 - 24,259.40): This is a neutral or consolidation zone. If the price breaks above this zone with volume, it might move towards the Red Zone (Resistance levels).
Red Zone
(24,488.20 - 24,367.50): This acts as a resistance area. If the price reaches this zone, watch for rejection or a breakout above it for further upside.
Green Zones (Support levels):
24,086.40 - 24,049.00 (Upper green zone): Immediate support area; a break below this may push the price lower.
23,915.80 - 23,872.85 (Lower green zone): Stronger support, indicating a potential reversal zone.