BTC Double Tops Trap or Trump BreakoutAs noted on the charts BTC has reached a critical point in its journey. Altcoins are already hammered into the weekend, is this an early indication of a rug pull?
BTC on the 8H time frame is showing rejection of higher prices into previous all time high with most indicators sounding a warning. I am only sharing my thoughts on whether this is a market maker's trap or Trump Breakout Trade.
Personally, I have a bias that even if US congress and White house would designate BTC as a Reserve asset (That's a Big iF), my question is would the US government with it's mountain of debt and DOGE (Department of Government Efficiency) buy BTC at over $100,000 per coin? Where is the taxpayer money to accumulate BTC at this price. I suspect the insiders will pull the rug before such an event.
Let the chart print!!!
These are just my thoughts I am sharing with the world. Cheers to profitable trades!
Beyond Technical Analysis
GBPJPY Update: Bulls in Control? Watch This Key Move Unfold!We’re back with an update on our GBPJPY trade on January 20th, Martin Luther King Day. If you haven’t seen our previous breakdown, be sure to check it out to see how everything unfolded step by step.
We’re still holding strong at the 190.02 level, and despite a wick on the weekly candle, there’s a lot of selling pressure within that move. Scaling down to the daily timeframe, we saw a liquidity sweep at 189.54, which provided confirmation for potential upside.
On the H4 timeframe, a bullish engulfing candle confirmed a break of structure on H1, pushing price to 190.40. We patiently waited for a pullback and entered our first position on Friday, with stops placed below the 189.38 level, targeting a 1:1.5 risk-to-reward, which was successfully hit at 190.97.
Today, January 20th, we added a second position after the breakout of the 190.40 level, entering at 190.53, with stops secured below the 189.88 area. This position has also reached its 1:1.5 target, and we’re now riding it risk-free, aiming for further liquidity grabs.
We’ve already cleared liquidity at the 190.91 and 190.50 levels, with the next targets set at 192.40 and potentially 193.00, where we anticipate consolidation before a push to 194.70, a key liquidity zone.
Currently, we’re floating at 82 pips in profit, and our first target is secured while we hold for potential further gains. Let’s see how this unfolds!
📈 If you found this helpful, make sure to like, boost, and share it with your fellow traders. Stay tuned for more updates!
NAUKRI Key levels for 21/01/2025**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
ADANIENT Key levels for 21/01/2025**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
RELIANCE KEY LEVELS FOR 21/01/2025**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
BTC at a Breaking Point! Will $105K Hold or Spark a Massive MoveTrend Analysis
* BTC/USD appears to be in a rising channel with higher highs and higher lows forming on the 4-hour timeframe.
* The price is currently near the upper trendline resistance, indicating a potential area for profit-taking or reversal.
Key Levels
* Resistance Levels:
* $105,970: Significant resistance level based on the upper trendline and prior highs.
* $104,800 - $105,000: A zone of selling pressure, as seen by the recent rejection candles.
* Support Levels:
* $102,735: Key support from the mid-range of the trend.
* $100,000: Psychological and structural support level.
* $89,028: Major support based on the lower trendline.
Indicators
1. MACD:
* The MACD shows a potential bullish crossover, indicating upward momentum.
* However, the histogram appears to be weakening, which could signal waning buying pressure.
2. Stochastic RSI:
* The Stochastic RSI is nearing the overbought zone (around 62.69), suggesting limited upside before a possible pullback.
3. Volume:
* Volume surged on the recent upward move but is tapering off, signaling caution for further buying strength.
Scenarios for Today
1. Bullish Scenario:
* If BTC/USD breaks and holds above $105,000, it could test $106,000 - $107,000.
* Look for confirmation with increased volume and strong candlestick closures above resistance.
2. Bearish Scenario:
* If BTC fails to break above the upper trendline, a pullback toward $102,735 is likely.
* A breakdown below this support could open the door to retesting the $100,000 level.
Trading Plan
1. Entry Points:
* Bullish Entry: Enter on a breakout above $105,000, targeting $106,000 and higher.
* Bearish Entry: Enter on rejection at the trendline or a breakdown below $102,735.
2. Stop Loss:
* Place stops just below $102,500 for bullish trades or above $105,500 for bearish trades.
3. Take Profit:
* Bullish: Target $106,500 and $107,000.
* Bearish: Target $100,000 and $98,000.
Conclusion
BTC/USD is at a critical resistance level. A breakout above $105,000 could lead to bullish momentum, while rejection from the trendline may result in a pullback. Monitor volume and candlestick behavior for confirmation. Trade cautiously and stick to your risk management rules.
DOGE : Break .46 to $1.4 or Plunge to .23?Hey trading family
DOGE could soar to $1.4 if it goes over .46 cents. If it drops below .30, it might fall to .23 cents.
If you found this analysis valuable, boost it with a like, share: I appreciate the love or send me a DM if you need help.
Kris/Mindbloome Exchange
Trade What You See
CNXMIDCAP Key levels for 21/012025**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
SENSEX KEY LEEVLS FOR 21/01/2025**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
Nifty 50 Key Levels for 21/01/2025**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
BANKNIFTY KEY LEVELS FOR 21/01/2025**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below.
**Timeframe:**
Use a 5 timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
Trump Coin's Wild Ride: Breaking Fibonacci to $115 or Busting toGood morning trading family! Here are the key levels to watch for $TRUMP:
Resistance to Break: Keep an eye on the 38.2% Fibonacci level. If $TRUMP breaks above this, watch for:
$89 - First significant target if the break is confirmed.
$104 - Another potential milestone.
$115 - The highest optimistic target if momentum continues.
Support to Hold: If $TRUMP fails to break above the 46 range, watch for a potential drop to:
$25 - A critical support level where the price might find a floor or continue to decline.
These levels will guide whether $TRUMP climbs the stairs or slides down. Last minute: If you found this analysis valuable, boost it with a like, share, or send me a DM if you need help.
Kris/Mindbloome Exchange
Trade What You See
Weekly Technical AnalysisStart your week by identifying the key price levels and trends.
The SpreadEx Research team has analysed the most popular markets, including stocks, indices, commodities & forex.
*KEY
Trend is set by the slope of the VWAP over 50 periods
Phase is determined by the current price relative to the VWAP (20) level (above or below)
Support & Resistance are set by the StdDev #2 Lower and Upper respectively.
Momentum is determined by the RSI level (70 as overbought and under 30 as oversold).
---------------------------------------------------------------------------------------------------------------------
Analysis
Germany 40
The Germany 40 is in a robust bullish impulsive phase, trading at 20,916, significantly above the VWAP (20) level of 20,265. Key support is established at 19,535, with resistance at 20,995. With the RSI soaring at 78, the market is approaching overbought conditions, underscoring strong upward momentum.
UK 100
The UK 100 has made a major breakout with a bullish and impulsive tone, currently trading at 8,517, comfortably above its VWAP (20) of 8,266. The support level is defined at 8,022, while immediate resistance lies at 8,500. The RSI of 75 signals bullish momentum, affirming the prevailing trend.
Wall Street
Wall Street’s bullish trend looks like it could be about to resume after a long correction. Trading at 43,520, the price is above the VWAP (20) of 42,633. Support is noted at 41,720, while resistance is placed at 43,600. With the RSI at 60, the correction could provide a setup for continued bullish momentum.
Brent Crude
Brent Crude’s bullish impulsive movement persists as it trades at 7959, comfortably above its VWAP (20) of 7753. Support is set at 7250, while resistance is capped at 8,256. The RSI at 61 indicates firm momentum, albeit down from overbought territory.
Gold
Gold’s neutral consolidation phase is just about intact after a bullish push, with prices at 2,711, marginally above its VWAP (20) of 2,661. Support is seen at 2,596, and resistance is nearby at 2,727. The RSI at 62 suggests balanced conditions, with a slight tilt toward bullish activity.
EUR/USD
EUR/USD remains in a bearish impulsive phase, trading at 1.0319, just below its VWAP (20) of 1.0310. Support is identified at 1.0216, while resistance is noted at 1.0417. The RSI at 46 reflects continued bearish momentum without immediate oversold conditions.
GBP/USD
GBP/USD is entrenched in a sharp bearish impulsive move, trading at 1.2199, well beneath its VWAP (20) of 1.2352. Support is established at 1.2066, with resistance higher at 1.2637. With the RSI at 33, the pair is nearing oversold levels, hinting at potential consolidation coming next.
USD/JPY
USD/JPY is in a bullish correction, trading at 156.38, slightly below its VWAP (20) of 157.33. Support is anchored at 155.03, and resistance is positioned at 158.81. The RSI at 48 denotes neutral momentum, aligning with its corrective phase.
King Trump Takes Throne as BTC Soars to New HighsKing Trump, ruler of all life on Earth, supreme leader of American Empire, is poised to take control of the keys to the American Nuclear stockpile, today at 12pm EST American Time.
After a dominating campaign that swept the American peoples vote away from the threat of liberal neofascist authoritarians, bringing hope to the world for a peaceful and prosperous future.
COINBASE:BTCUSD is set for new ATH, with prices soaring as high as $139k (???) today (currently trading around $107k) -- Near Term target: $114,086.00 USD
Meme coins TRUMP and MELANIA on COINBASE:SOLUSD chain are also soaring to celebrate the joyous events of today, and onboarding millions of normies to Jupiter.
FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P on Solana
melaniameme.com
www.livemint.com
#XAUUSD 4HXAUUSD (4H Timeframe) Analysis
Market Structure:
The price has formed a sell engulfing candlestick pattern in a key resistance area, indicating a potential shift in market sentiment toward the downside. This bearish candlestick pattern reflects strong selling pressure overpowering buyers at this level.
Forecast:
A sell opportunity is anticipated as the sell engulfing pattern suggests further bearish momentum. The price may continue to move lower toward nearby support levels.
Key Levels to Watch:
- Entry Zone: Near the engulfing area after confirmation of sustained selling pressure.
- Risk Management:
- Stop Loss: Placed above the high of the engulfing candlestick to manage risk.
- Take Profit: Target the next support levels or significant price zones below for potential downside objectives.
Market Sentiment:
The sell engulfing pattern at a resistance level signals bearish sentiment, with sellers likely to maintain control in the short term. Proper confirmation is recommended before entering the trade to ensure alignment with market conditions.
FOMO and Hope for a Price Reversal: Two Psychological Traps❓ Have you ever entered a trade out of fear of missing out (FOMO) or held on to a losing position, hoping the market would turn in your favor?
Psychological mistakes are a huge factor in whether a trader succeeds or fails. One of the most common and damaging mistakes is FOMO (Fear of Missing Out), followed by holding onto trades because of an unrealistic hope that the market will reverse despite all evidence pointing to the opposite. These behaviors are far too common, even among experienced traders. Understanding and avoiding them is essential to improve your trading results. 🧵
💡In this article, we’ll break down the psychological mistakes every trader faces, how to identify them, and practical strategies to prevent them from affecting your trades.
The Psychological Side of Trading 🧠
In trading, emotions can be our worst enemy. Here are two common psychological traps that many traders fall into:
🔮 FOMO (Fear of Missing Out):
What It Is: FOMO is when you enter a trade impulsively, simply because you see others making profits or you fear missing the "big move."
Why It Happens: The market seems to be moving in one direction, and you don't want to miss out on potential profits. This often happens when you're watching others on social media or in trading groups.
Impact: This leads to impulsive decisions, often entering trades late in the trend or at inappropriate levels.
Tip: To combat FOMO, stick to your pre-defined trading plan and only take trades based on your specific criteria. Remember, there will always be new opportunities.
🔎 Unrealistic Hope in Price Reversals:
What It Is: This is when you hold onto a losing position, hoping that the market will reverse in your favor, despite clear signs to the contrary.
Why It Happens: It’s often rooted in the belief that “the market can’t keep going against me,” or the hope that the trend will change.
Impact: This often results in larger losses because the trader doesn't cut their losses early and ends up holding onto a position until it’s too late.
Tip: When you see signs that the market is continuing against you, cut your losses quickly. Trading is about being patient and disciplined, not about hoping for a reversal.
🛠 Strategies and Tools for Managing Emotions 📈
Trading is all about control—control over risk, strategy, and most importantly, over your emotions. Here are some tools and strategies to keep your psychology in check:
1. Position Sizing & Risk Management
Position Sizing: One of the most effective ways to reduce emotional stress and maintain control over your trades is by managing your position size. A general rule of thumb is to risk 1-2% of your total account balance on each trade. However, this percentage can vary based on your risk tolerance, experience, and self-awareness. As you gain more experience and better understand your risk profile, you may adjust this amount accordingly, but always ensure you're comfortable with the risk you're taking.
2. Stick to Your Strategy
Trading Plan: Make sure you have a solid trading plan and stick to it. Your plan should include:
Entry signals
Exit signals
Risk management rules (e.g., stop-loss, take-profit levels)
Don't Chase the Market: If you missed the breakout, don’t chase it. There will always be new opportunities, and chasing the market often leads to poor entry points and higher risks.
3. Psychological Self-Awareness
Track Your Emotions: Keep a trading journal to track not only your trades but also your emotional state. Understanding your psychological triggers (e.g., fear, greed) can help you avoid emotional mistakes.
Set Realistic Expectations: Remember, trading is a marathon, not a sprint. Accept that you will have losses, and focus on your long-term profitability rather than on every single trade.
Successfully navigating trading isn’t just about technical indicators or chart patterns—it’s also about controlling your emotions. FOMO and holding on to unrealistic hopes can seriously damage your trading performance. The key is to develop a strong psychological mindset: stick to your strategy, manage your risk, and always make decisions based on data, not emotions.
💌Now, it’s your turn!
Which psychological mistakes have you encountered in your trading journey? Share your experiences in the comments below and let’s learn from each other!
I’m Skeptic , here to simplify trading and help you achieve mastery step by step. Let’s keep growing together! 🤍
Trump's inauguration sends the Tech sector's 'time to shine'The 2nd inauguration of Donald Trump (now to sworn as the 47th president of the United States) is here and expected to take place on Monday, January 20, 2025.
Crowds are gathering in Washington DC in freezing conditions ahead of this most anticipated over past several months event.
Tech sector stocks are about to have a welcome moment also.
The main technical graph for Nasdaq-100 indicates here's "time to shine" as positive fundamental and technical catalysts converge.
A rising potential for AI monetization via agentic AI as a technology can autonomously accomplish complex tasks on the user's behalf.
The fact is that widespread AI adoption has happened heavily more rapidly than PC and internet adoption in prior major technology cycles, which could mean that AI is closer than expected.
As a result, qualitative commentary on ramping up enterprise AI adoption during earnings calls will likely evolve into indications of incremental revenue boosts this year, before more meaningful monetization as early as 2026, they add.
Such a trajectory would likely be a welcome development for many AI investors who expressed worries last summer after pouring such huge amounts of money into the tech with little signs of a return on investment.
In technical terms, Tech heavy Nasdaq-100 futures has been supported a week ago by 100-Day SMA, and now an epic breakthrough of the Reversed Head-and-Shoulders technical figure is coming.
Descending Bearish channel seems is clearly broken in this time.
BULL FLAG ON THE 4 HRThis post is supplemental to my last one titled "A Confluence of Indicators". The big red line, I'm TELLING YOU. The last time we broke thru was a Bull trap. But we're still here. Explosive potential. If BTC goes to 200k then XRP could go to $10 easily and maybe much higher given banking adoption in Japan. You have to remember that when serious countries start to do big things other countries take issues more seriously. Let alone inauguration day in USA. The election lined up perfectly with the recent bull trap. The term for that is a "pre-run". That was the shake-out of the "buy the rumor sell the news" strat given Trumps pro crypto stance.
CL Bearish Outlook Look like after price took out BSL at the PDH from 80.16 it has moved lower and has been targeting PDLs. There is a nice discount D BISI that I believe price will trade into and if price is truly Bearish then it will trade right through the D BISI CE level and find minimal support and then the next area of focus could be the double bottom at 72.70
Lets continue to watch price and see how it delivers.
MNQH Continued Bullish Run On Friday price made a nice Bullish run that took out the PDH from the previous two days and price closed above the D LV and D SIBI. Currently we have price wicking off the D LV and has traded higher cutting through the MT level of the -OB. If price can stay above that MT level then I can see price going higher and taking out the PDH from Fri Jan 17 2025 at 21680.00 and then eventually target the PDHs from January 6th and 7th.
So lets continue to watch and see if price has truly switched to being Bullish after taking SSL, and finding support off the D BISI CE level.
A Confluence of IndicatorsSame chart on the 4 hr chart looks like it might be about to kick off. A confluence of indicators are all pointing in the same direction here on the monthly chart. A single rogue green volume candle could launch us quickly towards the 200k to 250k range. If we get rejected here then it might not break out above maybe 120k this market cycle. Right now any number of given catalysts could set this off and we are on the verge of legislative and regulative clarity in the United States. Once this happens in the U.S.A. it wouldn't be surprising to see other countries follow this regardless of BRIX or NATO. Trump has Trump Coin. I've never felt so confident in my decision to hold.