XPRUSD !!As it has been doing for the past few months, the price channel that Bitcoin is trading inside is descending. When Bitcoin gets closer to the upper limit of this channel, which is around $70,000, the chance of another attempt to break through this level increases, but so does the chance of a drawback.
The price action of Bitcoin has recently bounced off lower levels indicating strength according to the chart analysis but it is still stuck in this declining channel. Bitcoin will require a strong catalyst or considerable buying momentum to break above the upper trendline and launch a significant advance toward $70,000.
Beyond Technical Analysis
TRXUSD !!The TRON network has been making a notable impact across altcoin ecosystems, regaining its position as the leading blockchain for transaction volume among major altcoin chains.
According to a CryptoQuant analyst known as ‘Maartuun,’ TRON has shown substantial transaction dominance recently, handling roughly 43% of transactions across major altcoin blockchains as of October 30.
This recent spike has pushed TRON to the top position for transaction processing in October, surpassing other major altcoin networks and highlighting its relevance in the current crypto market.
BNBUSD VIew!!The Blockchain Forum 2025 takes place in Moscow with over 12,000 guests from 100 countries. Such large events often bring attention to featured projects and can lead potential investors to buy tokens like BNB and Bitget. The gathering opens opportunities for partnerships and announcements that could trigger price movements. Being global, this event might boost the visibility of participating cryptos, creating a positive impact on their prices. However, it will depend on the news and deals shared during the event.Read more.
EURUSD Daily Pivot Points Analysis📣EURUSD Daily Pivot Points Analysis
Daily R3 - 1.0944
Daily R2 - 1.0916
Daily R1 - 1.0900
Daily Pivot Point - 1.0872
Daily S1 - 1.0856
Daily S2 - 1.0828
Daily S3 - 1.0812
Today we have NFP data which makes this analysis a bit difficult as long as the market will speculate about the US Election and NFP data and the FED rate cut.
However the support and resistance zones can be used for pullback trading.
Scenario_1 - if EURUSD moves up it may rise up to Daily R3 - 1.0944 and from that zone it can move down to Daily R2 - 1.0916; Daily R1 - 1.0900 and Daily Pivot Point - 1.0872
Scenario_2 - if EURUSD moves down it may test Daily S3 - 1.0812, from the aggressive volume and from that zone it may rise Daily S2 - 1.0828; Daily S1 - 1.0856 and Daily Pivot Point - 1.0872
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Gold Trade Alert: Targeting $2,765 with 2:1 RRTrade Setup for Gold (XAU/USD):
Entry Point: $2,753
Stop Loss: $2,747
Target: $2,765
I'm looking at a short-term entry at $2,753, aiming for a quick move up to $2,765. With a 2:1 risk-reward ratio, this trade has a tight stop, making it a calculated play. Watch out for momentum around the entry level, and manage risk carefully. Let's see how the market responds!
Oil Prices Rise AgainOil prices have risen around 1 dollar in the Asian session and continued a rise of almost 2 dollars per barrel at the European opening, driven by reports of possible conflicts in the Middle East and the expectation of adjustments in crude oil production. The situation has generated uncertainty among investors, who are seeking protection in the face of instability in the energy market. We continue to see the same upward trend movement as yesterday, only in this case, looking at the one-hour candlesticks, it is clear that the effect of yesterday's inventory news had a really strong effect on crude oil. Currently BRENT (Ticker AT: BRENT) and WTI (Ticker AT: LCRUDE) are trading at $74.42 and $70.75 respectively. It would not be unusual to see a rally towards $75.85 and $72.20 as target prices respectively as this is the area of strong bearish pressure if we look at the delta indicator. Currently RSI is highly oversold at 74.44% so this bullish burst might not be overextended, and generate a price suppression to the POC zone at $74 which is the POC zone for BRENT and $69.70 for WTI respectively.
Tensions in the Middle East
Recent reports indicate that Iran may be planning an attack against Israel from Iraq, using drones and ballistic missiles. According to Israeli intelligence, this move could occur before the U.S. presidential election on November 5. These types of tensions tend to raise oil prices, as any escalation in the region could impact global energy supply.
Influence of OPEC+ and global production
Prices have also been supported by the possibility that OPEC+ may decide to postpone the December production increase, given weak demand conditions and rising global supply. Sources close to the organization indicated that this decision could be made next week to stabilize the market in a context of volatility.
Additional factors: U.S. elections and China's economy
The approaching U.S. presidential election adds another level of uncertainty, as the candidates have different positions towards Iran and Russia, which could affect the relationship with oil producers.
Meanwhile, in China, growth in manufacturing activity during October, driven by economic stimulus, suggests a potential increase in oil demand. This data reflects a recovery in the Chinese economy after several months of contraction in the sector, which could influence the global energy market.
Inventories and production in the United States
In the United States, gasoline inventories reached their lowest level in two years due to a growing demand and a drop in crude oil imports, according to the Energy Information Administration (EIA). In addition, the country reached a production record of 13.4 million barrels per day in August, which may contribute to supply stability in the short term.
In conclusion, the combination of geopolitical tensions, OPEC+ production policies and demand factors in the United States and China are driving oil prices higher. This trend is likely to continue depending on the evolution of these factors in the coming days.
Ion Jauregui - Activtrades Analyst
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Trading Plan ES TODAYCurrent Position: Average entry price stands at 5741, ATM.
Trading Plan:
Targeting a push toward 5800, with plans to exit prior to the U.S. market open.
Although seller momentum appears depleted, I remain cautious about the likelihood of a sustained rally.
Intraday Strategy:
Hold a bullish outlook until the market open.
Anticipate a retracement toward yesterday’s close, at which point I intend to re-enter long positions.
Monitoring Approach: I will closely supervise the U.S. market open trades with heightened scrutiny compared to pre-market positioning.
MicroStrategy is buying additional $42 billion worth of BTCMicroStrategy announced its plans to buy more Bitcoin: $42 billion worth of BTC.
Why does it matter to us? After the purchase, over 3% of the Bitcoin supply will be held by a single company. Other companies are also adding BTC to their balance sheet. Countries are also doing it. BUT Bitcoin is scarce.
So far, in total, NASDAQ:MSTR has invested $9.9B into Bitcoin; this investment will be more than 4x that figure.
MicroStrategy is currently valued at $50.11B, which means that BTC has been playing an important role in increasing shareholder value.
Michael Saylor announced "raising $42 billion of capital over the next 3 years, comprised of $21 billion of equity and $21 billion of fixed income securities".
Algorand Undergoing Bearish Pressure; 2025 On Sight (GREEN!)ALGOUSDT (Algorand) has already undergone very strong bearish action, but the bears are not letting go, not yet.
On the 27th of September the chart produced an inverted hammer as a candlestick pattern, a very strong bearish signal. There was an attempt to push prices higher but sellers were ready to exit their positions and a bullish session ended up as bearish, that's the hammer.
Then again on the 21st of October another inverted hammer showed up with a big real body on the candle. A lower high, buyers were trying to produce a relief rally as some other pairs did but sellers were too many and a green session ended up red.
Two attempts at higher prices failed. Now we see how ALGOUSDT is trading at a critical support line, seeing the previous selling pressure, we know this level is more likely than not to break. If it breaks, when it breaks, prices are headed toward next support. There is the chance of a long-term higher low or even a lower low on a wick, this doesn't change the fact that this is the last drop.
2025 is now on sight. The market is going green. The end of the correction is close.
Algorand produced decent growth in late 2023/early 2024, 300%. This is nothing compared to the 2025 bull-market, we will see many times that number so get ready. The low prices that will come in the coming days will be an opportunity, the last chance to buy low before maximum growth.
Thank you for reading.
You are appreciated.
Remember, we all mistakes; we are going through live not knowing who we are or where we come from, but this doesn't stop us from learning, adapting, growing and forging ahead. We learn from these mistakes and grow and this growth will finally lead to the moment when we reach our goals. The realization that we are more than a physical body, we are a manifestation of the living Spirit, an eternally living Soul.
Namaste.
Bitcoin vs Halving vs US Election DatesLook at the history. Bitcoin bull cycle start after Halving event & US election. So accumulation period is prior to halving event and we can sell bitcoin after 1 year from the date of US election. As of historical data, the best time to sell bitcoin will be around November, December 2025.
Disclaimer : The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
Solana May Move Down After Pattern CompletionSolana May Move Down After Pattern Completion
Solana has completed a large bearish harmonic pattern near $183.30.
The pattern looks solid, and given that it was created in a strong historical zone, the odds are that we may see Solana moving down as shown on the chart.
This time, we have an aggressive bearish scenario, because the market is also speculating about the US elections and USD strength.
However, this is the nature of this pattern—it can push the price down aggressively when we least expect it.
I am watching for support zones at $165.00 and $154.00.
Let's see how the market unfolds.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Polkadot- I understand it may feel like a challenging time, but remember, fortune favors the bold.
- Using extreme leverage, whether 30X or 100X, won't lead to wealth.
- it often leads to losses.
- Instead, consider buying on the spot market; it's a more stable strategy. When the market dips, that's the perfect time to dollar-cost average (DCA) more.
- Hold your positions, stake wisely, and most importantly :
- exercise patience.
- it's the ultimate key to success.
- Keep an eye on the charts, watch for triple bottoms, track trends, and be mindful of bubbles and Fibonacci levels.
Happy Tr4Ding!
Arweave Long-Term Accumulation Zone & 2025 Bull-MarketYou know, it is very easy to predict a drop when prices are trading pretty high after a bullish wave, like on this chart around March-May; but it is much more harder to do so once prices are trading pretty low and around support. Because it is normal to be bullish at support and a reversal can happen anytime... But, I will try anyway and see what happens.
➖ ARUSDT (Arweave) is breaking bearish out of a falling wedge which is normally a bullish reversal pattern. Seeing a bearish breakdown of this pattern simply means that the market is really weak or simply ready to continue lower.
Actually, I have no doubt as to what comes next.
The main drop in August activated the same price level at which ARUSDT traded back in late February 2024. If you see the big green candles in late February 2024, you see that there is no support as consolidation happened prior at a lower level.
Support turns into resistance, resistance turns into support.
Now, between November 2023 and early February 2024 there is a period of consolidation, this level can work as support. This range also encompasses a much longer range that goes all the way back to June 2022, the consolidation range is really big so support can also be found lower.
This long-term accumulation zone is about to become active and once activated we will be looking at the price zone that will precede the next major bull-market. Arweave will produce a long long-term higher low and from this zone we will see the biggest growth since 2021.
We will have a period of 8 to 16 months of maximum growth starting late 2024. It can be slow in early 2025 but green, gaining speed around March.
Thank you for reading.
Wishing you the best.
Remember, you are an eternal living being and you cannot die, your physical body is just a vehicle for you to have some unique experiences. When the body gets old, we change it for a new one just like we change our clothes.
Namaste.
NFP Trading Setup ( A potential 200Pips+){update for Failed GU On the 4H timeframe , we've seen a clear structural shift, with price breaking below a significant low on the bullish rally at 1.3000 and further breaching the bullish trendline. Initially, we anticipated price would fill the Fair Value Gap (FVG) above before this breakout, but it moved lower without doing so. Now that we have both the breakout and an unfilled FVG above, our focus shifts to the nearest demand level that could drive price back up into this gap.
In the 4H chart , we’ve identified a demand level to monitor. With the NFP release on the horizon, our strategy will be to target 1.2730. To maximize this move, we could set sell limits at 1.2962 and 1.2938 , both of which align with premium prices in the current bearish momentum. Our target at 1.2729 offers a solid 200+ pips potential .
We expect that hitting this target may trigger a rally into the FVG, and based on bearish indications on the daily timeframe, we could see an extended downside move following this rally.
Stay tuned for bi-hourly updates on this setup!
2787 ! ATH XAU heading in today⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold prices (XAU/USD) reach a new record high during Wednesday’s Asian session as US election uncertainties and ongoing Middle East conflicts drive demand for safe-haven assets. Additionally, a slight drop in US Treasury yields and a softer USD further support the precious metal, outweighing the upbeat market sentiment, which would typically limit Gold's appeal.
⭐️Personal comments NOVA:
The uptrend continues to maintain - positive from the market before the November 5 US presidential election. Aiming for the price range 2787 - 2800
⭐️SET UP GOLD PRICE:
🔥SELL GOLD zone: $2787 - $2789 SL $2792
TP1: $2783
TP2: $2778
TP3: $2770
🔥SELL GOLD zone: $2801 - $2803 SL $2808
TP1: $2795
TP2: $2780
TP3: $2760
🔥BUY GOLD zone: $2755 - $2757 SL $2750
TP1: $2762
TP2: $2770
TP3: $2780
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
BTCUSDCan You See What I See???? hmmmm... Possible reversal or retest to Bullish continuation??
_SnipeGoat_
_TheeCandleReadingGURU_
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This is a break down of Tone HAyrod the Forecastah"s master planTHis is how I have finally began on the journey to freedom. I have realized the it is the level of attention, dedication, focus without distractions is the only way to become to desired terms. I believe after 15 years of trading I have mentally developed my strategy through many teachers, research and most of all expirience. I have developed a strategy that I must complete and document before I move on. I Present the twodyago Equity Specilaist. Day 1 BTC is interesteing so lets start there.
Risk-on Risk-off Market Snapshot, 01/11/2024The market has shifted to a clear risk-off sentiment, with investors moving into safe-haven assets amid mounting global uncertainties. Safe havens like the U.S. dollar, Japanese yen, Swiss franc, and gold are experiencing increased demand, reflecting heightened caution.
Geopolitical tensions, particularly in the Middle East and Eastern Europe, are driving this shift, while recent central bank statements signal a focus on economic stability rather than aggressive growth.
Equities and riskier assets, including high-yield currencies and speculative investments, are seeing reduced interest as investors prioritize stability and capital preservation in this more conservative market climate
Disclaimer: This is not financial advice. The information provided is for general informational purposes only and should not be interpreted as financial or investment advice. Always consult with a professional financial advisor before making any investment decisions.
USDCAD Potential UpsidesHey Traders, in today's trading session we are monitoring USDCAD for a buying opportunity around USDCAD for a buying opportunity around 1.39200 zone, USDCAD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.39200 support and resistance area.
Trade safe, Joe.