"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!"
Supply and Demand
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.
NIFTY 50 18th DECEMBER 2024Key Levels
Support Levels (Green Lines):
24,222.50: A support area where the price bounced.
24,181.10: Another critical support level and Stop Loss (SL).
24,179.15: Very close to SL, showing the bottom of the current range.
Resistance Levels (Red Lines):
24,367.45: Immediate resistance where price previously rejected.
24,481.10: A significant resistance above, marking a key level of rejection earlier.
24,508.05: The upper resistance zone.
Current Price Movement
24,292.30: Price is currently at this level, slightly recovering from the low.
Price is trading within a box range (highlighted blue/green zone) between 24,181.10 (SL) and 24,367.45 (Resistance).
Trade Setup
Entry: Likely triggered at 24,222.50 (support bounce).
Stop Loss: Around 24,181.10.
Target: Immediate target resistance at 24,367.45.
This setup appears to have a Risk-to-Reward ratio greater than 1:2, which is favorable.
This demand level may be the last stop for GMEI recently seen an article about Game Stop being at its lowest level of the year so i decided to glance at the technicals. From a Technical standpoint it looks pretty good. Here are a few reasons why i think this:
1) Price is approaching a nicely unmitigated demand zone.
2) The demand zone created a great deal of imbalance
3) There is liquidity above the demand zone.
4) There is divergence playing out.
When price approaches the demand i may look for some calls depending on how momentum shifts on the lower time frams.