Actual Solana Cycle!!Here we have the possible current count for Solana. The main structure suggests an end of the structure above $302, but the substructure of wave 5 indicates an extension up to $345. Currently, it is in good zones to consider buying by doing DCA (Dollar-Cost Averaging) down to $178, which would be the next correction zone if BTC experiences a significant pullback in the coming weeks!
Analisistecnico
USDT Dominance Analysis!!The area highlighted in yellow is around 3.80% to 3.90%, which aligns with recent higher lows and historical demand.
4.20%: Immediate resistance where the price is currently reacting.
The dashed line indicates 4.45%: Key resistance and potential target.
Descending resistance trendline: Broken upwards, indicating a bullish reversal.
200 MA (green line):
Acting as dynamic resistance, now broken.
The descending trendline and breakout above the 200 MA suggest that USDT dominance is gaining momentum.
The price may revisit the 4.00%–4.10% area for a retest before moving towards the 4.45% target.
If dominance sustains above 4.00%, continuation towards 4.45% is likely.
Keep an eye on strong candles and rising volume to validate the breakout.
A drop below 4.00% will invalidate the bullish setup, with a possible retest of the 3.80%-3.90% support area.
The chart shows a clear breakout from a downtrend, indicating a bullish bias.
Keep an eye on a retest of support and follow-up towards 4.45%.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always conduct your research and consult a financial advisor before making investment decisions.
For updates on other coins or personalized insights, feel free to reach out via DM.
@Peter_CSAdmin
#GOLD ANALYSIS UPDATEWorld gold prices increased slightly as the USD dropped. Recorded at 9:45 am on December 17, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,470 points (down 0.08%).
➡️ The gold market is cautious as investors prepare to receive the decision of the US Federal Reserve (FED), which is expected to reduce interest rates with a "hawkish" message after the monetary policy meeting. last of the year.
➡️ Although gold prices maintained a sideways trend ahead of Wednesday's decision, one analyst said the message from the Fed could lead to a larger correction in the precious metals market.
PREMIUM CHANNEL AVAILBLE
#SCF : MEDIUM LONG TERM ENTRYi have an important support area between 0.040 and 0.019.
as long as we stay within that price range over the next weeks, the current bearish movement will remain healthy.
i see a possible change in structure from bearish to bullish between december and january.
🎯 first target: 80%
🎯 second target: 132%
🎯 third target: between 240% and 280%
this does not include the compounded interest from taking partial profits and reentries within the upward trend.
DIEGO GUZMAN DE ABC TRADERS Y LA IGLESIA DEL POLLO AHUMADOBoth Diego, founder of ABC TRADERS, has shaken the cryptocurrency world once again, but this time it's not about Bitcoin or Ethereum—it’s about meme coins. In a recent essay, we revealed that due to rising geopolitical tensions, he has drastically reduced his meme coin portfolio. Surprisingly, the only meme coin he has kept is :SCF (Smoking Chicken Fish). What makes :SCF special, and why is he betting on this little-known token?
Diego's Move
The decision to sell most of his meme coins is noteworthy, especially given the overall volatility of the cryptocurrency market amidst geopolitical tensions. Following Iran’s missile attack on Israel, Hayes expressed concerns about the potential for significant losses in an already uncertain market. His strategic reduction underscores the unpredictability of how crypto assets, especially meme coins, will respond to global conflicts.
However, in a surprising move, he held onto :SCF, a relatively obscure meme coin, signaling his belief in its long-term potential despite the market's inherent volatility. According to Diego, *"The only meme coin I currently hold is 'Church of Smoking Chicken Fish (SCF).”* This vote of confidence suggests that there might be something fundamentally unique about :SCF that sets it apart from other meme coins.
What is :SCF (Church of Smoking Chicken Fish)?
:SCF is one of the latest meme coins to capture attention, blending humor and speculation in a way that appeals to retail traders looking for explosive growth. Meme coins have been an exciting subset of the cryptocurrency space, characterized by high risk and high reward. While many of these tokens fail after the initial hype, :SCF has gained an unusual level of attention, especially with a high-profile investor like Hayes, CO-FOUNDER OF BITMEX, keeping it in his portfolio.
Technical Outlook for :SCF: What the Charts Say
On the technical front, :SCF is showing signs of consolidation, currently trading at $0.1011, down from its all-time high of $0.14. With an RSI of 44, the token is not yet in oversold territory but is dangerously close to testing key support levels.
The token is testing its only real resistance level at $0.1019. A breakout above this level could indicate "blue skies" ahead, suggesting significant upside potential.
On the downside, :SCF has a critical support level at $0.1011. If the token fails to hold this level, further declines could occur. However, if it holds, MIL:SCF could consolidate and build momentum for another bullish push.
While currently trading 8% lower, :SCF has been consolidating within a channel, a typical pattern observed before a potential breakout. Both traders and investors will be closely watching to see if :SCF can break through its resistance and stage a comeback rally.
Volatility and Market Sentiment
Like many meme coins, :SCF is subject to significant volatility. However, the continued support of the community, combined with Hayes’ public endorsement, adds a layer of bullish sentiment that could spark renewed interest in the token. Additionally, Arthur Hayes' ongoing investment in presale tokens and less-liquid meme coins through his company, Maelstrom**, indicates that he is positioning for future opportunities while maintaining a strategic position in SCF.
Why Hayes and I Chose :SCF Over Other Meme Coins
While Hayes has not fully disclosed his reasoning for preferring :SCF, several factors likely influenced the decision:
1. Low Risk, High Reward Potential: Given :SCF's relatively low price and market cap compared to larger tokens, the upside potential may far outweigh the risk.
2. Limited Downside: With :SCF already down 8%, the token could be near its floor, making it a strategic hold during volatile periods.
3. Community and Meme Culture: Meme coins like :SCF thrive on community-driven hype. As one of the very few meme coins in my portfolio this week, :SCF could benefit from renewed attention following its endorsement.
The Bigger Picture: A Strategic Play in a Volatile Market
Arthur Hayes’ decision to reduce his exposure to meme coins while retaining :SCF reflects a broader trend among cryptocurrency investors: shifting toward safer, more predictable assets in times of uncertainty. However, by holding onto :SCF, Hayes is also betting on the continued popularity of meme coins, which have shown remarkable resilience in previous market cycles.
While the long-term growth prospects for Bitcoin remain intact, Hayes acknowledges the high volatility of meme coins and the potential collapse of weaker projects. By choosing :SCF, he positions himself in a way that limits risk while keeping a foothold in the meme coin market, which could offer explosive gains during the next bull run.
Conclusion: Will :SCF Soar or Sink?
:SCF is at a critical juncture. With Arthur Hayes backing it, the coin has the potential to gain significant traction. However, it remains to be seen if it can break its key resistance level and return to its all-time highs. For now, :SCF offers a high-risk, high-reward bet that appeals to both speculative traders and meme coin enthusiasts. This is why I stand firm and committed to this with conviction! Success ahead!
USDT.DOMINANCE 1DAY CHART UPDATE !!
The 21-day moving average acts as resistance indicating that the price needs to move above this level to regain bullish momentum.
If USDTD breaks below the support trendline of the rising wedge and drops below the Ichimoku Cloud, it would confirm the bearish trend.
This scenario would likely correspond to a bullish move in the broader crypto market, as USDT.D moves opposite to major cryptocurrencies like BTC and ETH.
USDT.D could continue to consolidate within the triangle formed by the rising wedge. This would involve sideways movement with possible minor fluctuations, indicating uncertainty and a lack of strong directional bias.
Less likely given the rising wedge pattern, a sustained move above the 21 MA and sustaining above the Ichimoku Cloud would signal renewed bullish strength for USDT.D, potentially signaling a bearish trend for the broader crypto market.
Bearish Indicators: A potential breakdown below the rising wedge pattern and the Ichimoku Cloud indicates a bearish outlook for USDTD.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
🧑🎓 GPB/USD ANALYSE 📈 I UPDATED MORE READ THE CAPTION?By Wolrd Forex Traders Hello 👋
" GBPUSD Market Analysis 💡📊👀
3H Time Frame Chart 📈🕒
_Bullish Signal 🚀👍_
We're seeing a potential long opportunity in the GBPUSD market, with a current price of 1.25376. Our target is 1.27087, which is a key resistance level. A breakout above this level could lead to a significant price increase 📈💸!
_Analysis 🤔📊_
The 3H time frame chart shows a bullish trend, with a series of higher highs and higher lows. The Relative Strength Index (RSI) is also indicating a bullish signal, with a reading of . The Moving Averages are aligned, providing additional confirmation for a long position 💪📈.
_Trade Strategy 💰📈_
Buy: 1.25376 (long)
Target: 1.27087 (next resistance level)
Stop Loss: 1.24650 (bullish warning) ⚠️🚨
Note: This analysis is based on a 3H time frame chart and is subject to market changes and fluctuations. Always use proper risk management techniques and consult with a financial advisor if necessary.
Follow me for more market insights and analysis! #GBPUSD #forex #tradingview #bullish #marketanalysis #trading #finance #investing"
PFIZER, INC (PFE) 1WOverall Trend: PFIZER, INC (PFE)
Downtrend: The price being below the 50, 100, and 200-day moving averages since January 2023 suggests a downtrend.
Price Movement:
Consolidation: The current price of $25.69 near the 52-week low indicates a possible consolidation phase. Without a one-week chart, it's difficult to say for sure if the price is bouncing off support or continuing the downtrend.
Volume:
Average Volume: The volume of 64.54 million is around average, which doesn't provide a strong directional signal.
Momentum Indicators:
RSI (30.00 - 40.00): This indicates oversold territory. Oversold readings don't guarantee an immediate rebound, but they do suggest the stock might be undervalued based on recent price movements.
MACD : The MACD signals being below the histogram since January 2023 suggests a downtrend in momentum. This aligns with the price being below the moving averages.
Summary:
The technical analysis of PFE is mixed. The downtrend, oversold RSI, and MACD below the histogram are bearish indicators. However, the consolidation around the 52-week low and average volume makes it difficult to predict a clear direction in the short term.
Here are some additional things to consider:
News and Events: Look for any recent news or events that might be impacting the stock price.
Fundamental Analysis: Consider factors like PFE's earnings, debt levels, and overall business outlook.
Chart Patterns: Analyze the one-week chart for any specific chart patterns that might provide further clues about the stock's direction.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.
"In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy. You won't get there by reading: "Now is the time to buy".
Tendencia general: Tendencia bajista: El hecho de que el precio esté por debajo de las medias móviles de 50, 100 y 200 días desde enero de 2023 sugiere una tendencia bajista. Movimiento de precios: Consolidación: El precio actual de 25,69 dólares cerca del mínimo de 52 semanas indica una posible fase de consolidación. Sin un gráfico de una semana, es difícil decir con certeza si el precio está rebotando en el soporte o continúa la tendencia bajista. Volumen: Volumen medio: El volumen de 64,54 millones está en torno a la media, lo que no proporciona una señal direccional fuerte. Indicadores de impulso: RSI (30.00 - 40.00): Esto indica territorio de sobreventa. Las lecturas de sobreventa no garantizan un repunte inmediato, pero sí sugieren que las acciones podrían estar infravaloradas en función de los recientes movimientos de precios. MACD: El hecho de que el MACD señale que está por debajo del histograma desde enero de 2023 sugiere una tendencia bajista en el impulso. Esto se alinea con que el precio está por debajo de las medias móviles. Resumen: El análisis técnico de PFE es mixto. La tendencia bajista, el RSI sobrevendido y el MACD por debajo del histograma son indicadores bajistas. Sin embargo, la consolidación en torno al mínimo de 52 semanas y el volumen medio hace que sea difícil predecir una dirección clara a corto plazo. Aquí hay algunas cosas adicionales a considerar: Noticias y eventos: Busque noticias o eventos recientes que puedan estar afectando el precio de las acciones. Análisis fundamental: Considere factores como las ganancias de PFE, los niveles de deuda y las perspectivas generales del negocio. Patrones gráficos: Analice el gráfico de una semana en busca de patrones gráficos específicos que puedan proporcionar más pistas sobre la dirección de la acción.
Descargo de responsabilidad: Este análisis es solo para fines informativos y no debe considerarse asesoramiento financiero. Siempre haga su propia investigación antes de tomar cualquier decisión de inversión.
"En este negocio, si eres bueno, tienes razón seis de cada diez veces. Nunca vas a acertar nueve de cada diez veces. He descubierto que cuando el mercado está bajando y compras acciones sabiamente, en algún momento en el futuro serás feliz. No llegarás allí leyendo: "Ahora es el momento de comprar".
"GBP/USD Analysis: Anticipating Bearish Momentum (Read Caption)1. GBP/USD Technical Analysis:
- Sell Entry: Targeting a decline from 1.26503 to 1.25890.
- Retest Anticipation: Expecting a revisit of 1.26640 before downward movement.
- Risk Management: Set stop-loss above retest level to mitigate reversal risk.
- Take Profit: Aim for 1.25890, but adapt to market conditions and price action.
2. Fundamental Analysis:
- Consider recent and upcoming US economic data releases impacting the US Dollar strength, thereby influencing GBP/USD movements.
3. Trading Strategies:
- Confirmation: Wait for confirmation of retest level acting as resistance before entering the trade.
- Risk Management: Employ suitable risk management strategies like setting stop-loss orders and managing position sizes.
- Stay Updated: Keep abreast of news and events affecting both the US and UK economies, as they can influence GBP/USD dynamics.
4. Trading Psychology:
- Exercise Patience: Wait for the optimal entry and confirmation signals.
- Emotion Control: Manage emotions like fear and greed by adhering to the trading plan.
5. Additional Analysis:
- DXY Analysis: Continuously monitor the US Dollar Index to gauge overall USD strength, offering insights into GBP/USD movements.
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Understanding Trading PsychologyMastering the Mindset: A Comprehensive Guide to Trading Psychology
Trading in the financial markets is not just about analyses and strategies; it’s equally about mastering one’s mind. The importance of trading psychology is often underestimated, yet it plays a pivotal role in shaping trading decisions and outcomes.
This comprehensive guide delves into how to master trading psychology, offering insights and solutions for traders at all levels.
Understanding Trading Psychology
At its core, trading psychology revolves around understanding the influence of emotional and mental states on trading. Emotions like fear, greed, and overconfidence can cloud judgment, leading to impulsive decisions and potentially detrimental outcomes.
1. Greed: The Double-Edged Sword
🔍What is it? Greed in trading is the excessive desire for more profit, often leading to risky decisions. Imagine a child in a candy store. Given the chance, they might try to grab as much candy as possible, even if it’s too much to eat. In trading, greed works similarly. It’s the trader’s urge to make more money, ignoring the risks.
📖In 2000, during the dot-com bubble, many investors kept buying overvalued tech stocks, driven by greed and the hope that prices would keep soaring. When the bubble burst, many faced substantial losses.
2. Fear: The Paralyzing Emotion
🔍What is it? Fear in trading is the apprehension of loss, which can prevent traders from taking necessary risks.
🤔Think of a person so afraid of water they never learn to swim. In trading, fear can stop traders from making decisions that could be beneficial, worried they might lose.
📖During the 2008 financial crisis, many traders and investors sold their stocks in a panic due to fear, resulting in significant losses. Those who overcame their fear and held onto or bought quality stocks at lower prices eventually saw substantial gains as markets recovered.
3. Overtrading: The Trap of Too Much
🔍What is it? Overtrading is trading too frequently or excessively, often driven by emotion rather than strategy.
🧐It’s like eating too much junk food just because it’s there. In trading, overtrading happens when traders make more trades than necessary, often due to excitement or the urge to recover losses quickly.
🤑A day trader, excited by initial successes, starts making numerous trades daily without proper analysis. This leads to a series of small losses that accumulate over time, eroding their capital.
🧑💻 How to Master Trading Psychology
Mastering trading psychology is a crucial step in becoming a successful trader. It’s about understanding and managing your emotions, biases, and behaviours to make sound decisions and avoid costly mistakes. Here are some key steps to help you achieve that:
⭐ Emotional Awareness and Regulation:
1️⃣ Identify Emotional Triggers: Recognize what drives impulsive trading decisions, such as the fear of missing out (FOMO) or the urge to engage in revenge trading after a loss.
2️⃣ Understand Cognitive Biases: Be aware of mental shortcuts that can lead to judgment errors, like overconfidence or being influenced too heavily by recent trades.
3️⃣ Separate Emotions from Trading: Focus on the mechanics of your trading strategy rather than the emotional highs and lows associated with the outcomes of individual trades.
👨💻 Developing Disciplined Trading Habits:
1️⃣ Implement a Robust Trading Plan: Clearly define your strategies for entry, exit, and risk management. Adherence to this plan should be paramount, irrespective of current market trends or emotional states.
2️⃣ Cultivate Patience: Avoid the temptation of chasing immediate profits or overtrading. Wait for the right opportunities that align with your strategy.
3️⃣ Normalize Losses: Understand that losses are an integral part of trading. Analyze them, learn from them, and refine your approach accordingly.
👨🔬 Strengthening Mental Resilience:
1️⃣ Engage in Mindfulness Practices: Techniques like meditation can enhance focus and emotional regulation, aiding in stress management and decision-making under pressure.
2️⃣ Maintain a Trading Journal: Documenting your trading journey helps in reflecting on both successes and setbacks, fostering continuous learning and self-improvement.
3️⃣ Leverage Mentorship and Community Support: Connect with seasoned traders for insights and advice. A supportive trading community can be invaluable.
👨🏫 Additional Strategies for Optimal Performance:
1️⃣ Regulate Screen Time: Limit exposure to constant market updates and commentary that might encourage emotional trading.
2️⃣ Prioritize Physical and Mental Health: A healthy lifestyle directly contributes to improved focus and decision-making in trading.
3️⃣ Utilize Simulation Tools: Practice with demo accounts to test strategies without financial risk, building confidence and skill in a controlled environment.
4 Tips To Mastering Trading Psychology
Improving trading psychology is a crucial component of becoming a proficient trader. The psychological aspect of trading often determines the difference between success and failure.
1️⃣ Back Test Your Trading Strategy:
▪️ Relevance of Historical Testing: Backtesting your strategy against historical data is essential. It helps in understanding how your strategy would have performed in different market conditions.
▪️ Confidence in Strategy: Consistently backtesting and refining your strategy builds confidence, allowing you to trust your system and reduce emotional decision-making.
▪️ Identification of Weaknesses: This process helps identify potential flaws or areas for improvement in your strategy, making it more robust and effective.
2️⃣ Limit to Trade One or Two Currency Pairs:
▪️ Focus and Expertise: Specializing in one or two currency pairs allows you to gain in-depth knowledge and understanding of those markets, including their unique volatilities and correlations.
▪️ Reduced Overwhelm: Trading fewer pairs reduces the cognitive load and decision fatigue, enabling more focused and rational decision-making.
▪️ Consistency in Approach: Specialization fosters a consistent approach, essential for developing and maintaining a stable psychological state.
3️⃣ Trade in a Specific Time:
▪️ Consistent Routine: Trading at specific times can create a routine, which is beneficial for mental preparation and consistency.
▪️ Market Behavior Understanding: Different market sessions have unique characteristics. Trading in a specific window allows you to become familiar with and adapt to these patterns.
▪️ Life Balance: Setting specific trading times helps maintain a healthy balance between trading and personal life, reducing stress and burnout.
4️⃣ Adopt Your Trading Style According to Your Personality:
▪️ Self-Assessment: Understand your personality traits, risk tolerance, and emotional responses. This self-awareness is critical in choosing a trading style that suits you.
▪️ Alignment with Lifestyle: Your trading style should align with your daily routine and commitments. For instance, day trading requires more time and attention compared to swing trading.
▪️ Comfort and Sustainability: Ensure your chosen style feels comfortable. Trading in a style that aligns with your personality and life circumstances is more sustainable and less psychologically taxing.
EURUSD|Weekly road map and important areasHello friends, I hope you are doing well.
Continuing the previous analysis of EURUSD, so far as we expected, it weakened and managed to break the 4-hour support area downwards.
The next demand area is around (1.078-1.08) , the areas that we can consider to enter selling positions, the first was the support area that was broken, now it is preventing the price from rising as resistance.
The next supply area is the range (1.093-1.095) , and when the price reaches these areas, you can enter selling positions by getting confirmation.
In the future, if I identify a situation, I will let you know in the updates.
My target for the EURUSD price is the support level of 1.078
USD Should be seeing further downside.Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
The USD as we can see breached the recent Support and pullback on thurs.
Technically still on a downside rejecting the down channel. Unless it broke up, if not more downside for USD in coming days.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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XAUUSD) bullish) pattern channels) 🤷🚀hello traders waht do you think about this analysis trading ideas 💡)
Xauusd) bullish flag chart 📉📈 pattern channels)
follow support and resistance Levels ✔️
support levels 1985)
resistance Levels 2000)
resistance Levels 2007)
resistance Levels 2011)
resistance Levels 2017)
Follow up with My trading ideas 💡💡
Analise XAUSDThe analysis conducted on the XAU/USD pair is based on support and resistance levels. By plotting S/R, I identified these zones, and considering the current uptrend after a correction last week, I observed the following:
H4 (4-hour chart): The trend and RS zones are evident.
M30 (30-minute chart): We can observe the price action, which is present twice, indicating a retest.
Following these points, I placed a buy order at this level, and I believe the analysis will hold true.