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POV : HCC : It's Time to Ride Again...POV : HCC : It's Time to Ride Again... My 3rd ride on HCC... Let's Hit the Road Chart Reading: 1. Took Support at Deep FIB Level 2. RSI and other momentum Indicator indicate Divergence at bottom 3. Trend Line break on 27th Nov 4. Close Above 200 SMA and holding 2 session above 5. Close above the Recent fractal highs or "Double Top" and form today's new HH fractal. 6. The Dashed Blue Line is my old Accumulating Trend Line where I accumulate 7. Volume profile point of Control at around 50~51 so the ground is set for mean reversion to play. ? Expectations : First POA @ 45, Target : 51,55,61 and Long Term Aim for 81 For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #NiVYAMi
NSE:HCCLong
by kzatakia
POV : FACT : Another Wave of ProfitPOV : FACT : Another Wave of Profit Chart Reading: 1. Facts of FACT were in a downtrend reflected by both trend lines (High and closed based). 2. Support : Took Support at 2.A) Previous Resistant & Breakout Zone 2.B) Fib Level 0.618 2.C) 200 SMA 3. Form neat Adam and Eve at the Bottom. 4. Closing Basis Trend Line Breach on 28th Nov. 5. High Basis Trend Line Breach on 29th Nov. 6. Huge Volume on 29th Nov. which gives me additional confirmation of breakout. Concern : 1. Huge Range Expansion 2. Cover Almost 5 Fractals high in one candle. (although it's a bullish sign but we get stop loss gets far) Action Plan : Either Wait for Pullback or Go for Breakout. Both Entry levels and targets are shared here for your educational purposes. you have to decide which kind of trader you are. I am attempting both: if breakout first then go with half qty and rest of add at either POA or Pullback. Disclaimer : For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #NiVYAMi
NSE:FACTLong
by kzatakia
US government scared traders, but investors aren't afraidHello, The US government moved 10K #bitcoin worth $963 million to Coinbase, which can fuel bearish pressure, but the market seems strong. I copied a relevant tweet into the chart. When Bitcoin inflow to exchanges goes up, the price usually goes down. It happened now. That's why the last five 4-hour candles print a bearish pattern. However, the market, according to the MACD, is still in a bullish trend. According to the Fear and Greed index, investors aren't afraid and most likely will exploit the bearish candle pattern to buy more in the bullish trend as the long position on the chart shows. The government's selling pressure will meet with investors' buying appetite. However, as long as the market remains this greedy, I don't see Bitcoin making new ATH. $99.8k might stay as a local top in the near future. So, in the upcoming week, I expect consolidation to unfold between the two white levels, $94.5k and $98.7k, in a price range marked by the white arrow, enabling large-cap altcoins to outperform Bitcoin according to the Large Caps phase of the Crypto Money Flow Cycle. The session volume profile further contributes to the idea of consolidation because there's much trading going on between the two white levels. The high volume above $94.5k is attractive to both buyers and sellers. That's why I believe the consolidation will unfold in this price zone. Regards, Ely
BITSTAMP:BTCUSD
by Elysian_Mind
ETHEREUM → A coin is being prepared To The Moon ↑BINANCE:ETHUSDT is lagging behind the general market growth in the cryptocurrency world. The price is still squeezed between consolidation boundaries, but there are already positive signs. Bitcoin is close to 100K and altcoins are opening the season. Ethereum is lagging behind in the race, this is clearly visible on D1-W1. It's not that the price can't reach ATH, the coin hasn't yet updated the 2024 high. Before the start of the altcoin season, the community was skeptical about the fundamental project due to the behavior of the development team, but the victory of trump, the change of the political team to a pro-cryptocurrency one could be the strongest driver for ETH in recent times. After local distribution, the price is testing the triangle resistance, forming another accumulation. A retest of the upper boundary indicates the formation of a trigger, the breakout of which will activate the rally. Resistance levels: 3442, 3568 Support levels: 3028, 2820 Technically, the coin shows us another trading range, the role of which is consolidation. If the resistance cannot be broken from the third time, a correction before further growth is possible. BUT! We need to be careful, as any BTC correction can trigger a bearish rally in the altcoin market. Bitcoin has almost reached 100K and for many this is a red zone for profit taking. Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;) Regards R. Linda!
Long
by RLinda
22
BITCOIN → The market is getting ready to pass 100K. New targets?BINANCE:BTCUSD after a strong rally is consolidating without the possibility to form a deep correction, which indicates that the coin is ready to update the highs and go higher, for example, to 100-105-110K. Despite the fact that bitcoin is losing its dominance in the market and it is possible to say that the alt season is open, the flagship of the cryptocurrency market has a huge potential to continue the rally. At the very least, the market is interested in reaching 100K, from which we are one step away. Fundamentally: whales continue to accumulate the asset, buying up at every opportunity. Trump with his policies on cryptocurrencies is still a strong driver for the flagship and the cryptocurrency market as a whole... Technically: The recent local correction is just a trap to gather liquidity before further growth. Pullbacks are now attracting large institutional buyers Resistance levels: 99K, 100K Support levels: 94.7K, 91.25K, 89.2K An ascending triangle can be seen on the chart, which can be interpreted as a buyer's interest in breaking the resistance. The bulls continue to put pressure on the market. Trigger 99K. If this zone is broken, bitcoin could go to 105K Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSDT ;) Regards R. Linda!
BINANCE:BTCUSDLong
by RLinda
43
GBPUSD InsightHello, dear subscribers! Thank you all for tuning in. Please feel free to share your personal opinions in the comments. Don’t forget to hit the like button and subscribe! Key Points - For the first time in 62 years, the French National Assembly has passed a no-confidence motion against the cabinet led by Prime Minister Michel Barnier, resulting in the cabinet's collapse. - Federal Reserve Chair Jerome Powell expressed confidence in the economy during his speech, emphasizing a cautious approach in finding the neutral interest rate. - The U.S. November ISM Services PMI came in at 52.1, falling short of the forecasted 55.5, while ADP private sector employment increased by 146,000, missing the expected 166,000. - Bank of England Governor Andrew Bailey suggested that inflation is declining faster than expected, hinting at the possibility of four rate cuts next year. Key Economic Events December 6: U.S. November unemployment rate and nonfarm payrolls report GBP/USD Chart Analysis The GBP/USD, which recently dropped to the 1.25000 level, has successfully rebounded and is maintaining an upward trend. With the pair holding its recent low, a mid- to short-term rise looks highly probable, with a target of 1.30000. In the longer term, there is potential for the pair to climb to the 1.34000 level, though it's important to assess the pair's behavior at each resistance level to determine its direction. For now, the outlook remains bullish, but we will reassess the direction at the 1.30000 level. If the market moves contrary to expectations, we will swiftly adjust our strategy.
Long
by shawntime_academy
Long Fiserv @ 215.38 - You do NOT want to miss this one!C'mon, look at that chart. It's the chart equivalent of a cute puppy. How could you not love it? It has a little something for everyone. The chartists will love how the close today sits right at the confluence of both recent support and the trend line. It's not volatile, it's beautiful. And for me, it's only given a buy signal 12 times in the last year before today (because it doesn't correct hardly ever). Unsurprisingly, all 12 have been profitable. In that time, the average gain has been 1.27% and the average holding period was LESS THAN 2 DAYS (the LONGEST trade in the last 12 months lasted 7 trading days - but it was also the biggest win). That works out to a stellar .66% per day held this year - about 15x better than the S&P 500 average daily return. Over a longer time frame, I have a ranking system that factors in gain per day held, total number of trades (sample size), largest drawdown (based on how I trade) and average number of days held per trade. Out of roughly 750 stocks with market caps above 10B, it has the 4th best composite score. It is both very profitable, very safe, and produces quick returns, historically. For comparison, the only stock I've posted on here as a trade idea that has a better lifetime composite score than VIE:FISV is $MSFT. That's some pretty good company when you think about how well NASDAQ:MSFT has done over its lifetime. So obviously, I went long today at the close. Per my usual strategy, I'll add at the close on any day it is still rated a 'buy" by my algo, and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NYSE:FILong
by redwingcoach
8
GBPJPY Trendline Breakout , All eyes on BuyingHello Traders In This Chart GBPJPY HOURLY Forex Forecast By FOREX PLANET today GBPJPY analysis 👆 🟢This Chart includes_ (GBPJPY market update) 🟢What is The Next Opportunity on GBPJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
1
Gold: Maintaining Downward Momentum Gold Technical Analysis The price recently tested resistance at 2651 before retreating. Today, the price is expected to consolidate within the range of 2647 to 2638, showing bearish momentum. For the bullish trend to resume, the price must stabilize above 2647 by closing 4h candle above it, targeting 2661 as the next resistance. Conversely, as long as the price trades below 2647 and 2638, the trend is likely to remain bearish, with potential declines toward 2623 and 2612. Key Levels: Pivot Point: 2647 Resistance Levels: 2661, 2678, 2706 Support Levels: 2625, 2612, 2585 Trend Outlook Uptrend: Bullish momentum is expected if the price holds above 2649. Bearish Momentum: Dominant as long as the price remains below 2647.
OANDA:XAUUSDShort
by SroshMayi
1
NEM - Falling Wedge ABCD PatternNEM is formed a falling wedge from recent highs and currently making falling wedge with ABCD pattern. This means there is one more leg downwards to go. In ABCD pattern, the size of the second move downwards is very much the same as first move (either in $ or % terms). The projected price of completion of this falling wedge with ABCD pattern is between 30.22 and 20.50 because this coincides with: - a number of trendlines and major support zone from Weekly timeframe meet around 30.22 and 29.50 (point D) - gap fill is also at 29.87 Also, if we look at price range of first wedge pattern drop, it was about 31% (from point A to B). With the formation of ABCD, the second wedge pattern price drop is also likely to be about 31% from point C to D of ABCD pattern.
NYSE:NEM
by I_M_Shoaib
13
Bitcoin as Water. Will Bitcoin move towards less resistance?Hello, The volume profile of this chart with 4-hour candles indicates two levels where high trading interest can be found. One of these levels is the orange level, $91.5k, around which Bitcoin built a strong support zone. The other level is the red line, $98.5k, where BTC has a strong sell zone. I expect the price action to unfold between these two zones. You may ask which would come next. The current price, $97.1k, is closer to the sell zone than the buy zone. Hitting the sell zone requires less effort than falling into the buy zone. A few people observed that the market often moves towards less resistance. This lesser resistance is now moving into the sell zone. Furthermore, MACD goes up like a bullish trend, which means technicals contribute to BTC hitting the sell zone next time. The white trendline on the chart can act as additional support, which means for BTC to fall into the buy zone, it has to cut down the white trendline. Again, the less resistance for the price would be not to cut down the support trendline, but to pump into the sell zone, which is open from the bottom up without additional resistance standing in the way. Regards, Ely
BITSTAMP:BTCUSDLong
by Elysian_Mind