Get started

Beyond Technical Analysis

Wajani InvestmentsGBPJPY 12/24/2024 Bulls are currently in control as seen from the LH (0-2). Bulls still in control after the retracement following the long move from 1 to 2. If structure 3 (support becomes resistance) is broken to the downside, this trade is nulled. However, strong bullish presence is shown with the large bullish rejection candle. Remember, the market is patience and good risk management. Always create rules to avoid emotional trading. Let me know your thoughts and this is for educational purposes ONLY.
Long
by racyrace
Holiday Trading Update: Christmas Eve Market Overview.As we approach Christmas Eve, it's important to note the shortened trading hours in the US. The stock market will close early at 1 PM, while the US bond market will close at 2 PM. Currency Market Overview The USD is showing a mixed performance against major currencies: EUR: +0.12% JPY: -0.04% GBP: -0.15% CHF: +0.18% CAD: +0.32% AUD: +0.27% NZD: +0.23% US Stock Market Snapshot US stocks are mixed following yesterday's rise: Dow: -25 points S&P: +6.05 points Nasdaq: +43 points US Debt Market Yields have shown marginal changes: 2-year: 4.353%, up 0.3 bps 5-year: 4.454%, up 0.9 bps 10-year: 4.606%, up 0.8 bps 30-year: 4.796%, up 1.3 bps Global Economic Updates Reserve Bank of Australia (RBA) The RBA released its minutes, noting that its policy remains "sufficiently restrictive" to address inflation concerns. Despite gaining confidence that inflation has eased, risks persist. The board highlighted the importance of not prematurely easing policies and acknowledged that if economic growth strengthens, a prolonged delay in rate adjustments might be necessary. Updated forecasts for inflation and growth will be published in February. Japan's Finance Minister Finance Minister Kato emphasized the importance of ensuring currency stability to reflect economic fundamentals, particularly in light of recent sharp foreign exchange movements. He stated that the government would maintain close communication with overseas authorities on forex policies and was prepared to take decisive action against excessive volatility. European Central Bank (ECB) ECB's Vujčić reiterated that interest rate adjustments would continue as long as data align with projections, emphasizing the central bank's data-dependent approach. He refrained from specifying the exact level at which the ECB might halt rate hikes, underscoring the uncertainty tied to future economic conditions. US Economic Data The Richmond Fed index will be released at 10 AM ET, with expectations at -10 versus -14 last month. The US Treasury will auction 5-year notes at 1 PM. Yesterday, the Treasury auctioned 2-year notes with a 0.1 bp tail and a bid to cover ratio of 2.73X versus the 6-month average of 2.68X. Domestic buyers were very light at 6.7% versus the average of 19.5%, but international buyers showed up, taking 82.1%, well above the average of 68.1%. Technical Analysis EUR/USD The EUR/USD is trading around its 100-hour moving average (MA) at 1.0403, a key short-term barometer for buyers and sellers. A move above this level could signal a more bullish trend, while staying below it would indicate that sellers are in firm control. USD/JPY The USD/JPY remains in a narrow trading range, currently at 157.12. The rising 100-hour MA at 156.42 is quickly approaching, which will be an important level to watch. Key levels include the high from November at 156.739 and the low from yesterday at 155.94. GBP/USD The GBP/USD is stretching higher, moving closer to the falling 100-hour MA at 1.2563. Breaking above this level would target a swing area between 1.2596 and 1.26147, followed by the 200-hour MA at 1.26201. Season's Greetings from OakleyJM As we approach this festive season, I wanted to extend my warmest wishes to all my followers. May your Christmas be filled with joy, and may the New Year bring you prosperity and success in your trading endeavours.. Navigating the markets during the holidays can be challenging due to reduced liquidity, unexpected volatility, and market closures. Here are a few tips to help you prepare: Plan Ahead: Be aware of trading schedules and adjust your plans accordingly. Manage Risk: Use tighter stop-loss orders and reduce position sizes. Stay Informed: Keep up with the latest news and economic data releases. Use Limit Orders: Ensure you get the price you want despite wider bid-ask spreads. Focus on Liquidity: Trade assets with higher liquidity, such as major currency pairs or blue-chip stocks. Review Your Strategy: Analyse your performance and set goals for the upcoming year. Wishing you a Merry Christmas and a prosperous New Year! Warm regards, OakleyJM.
by OakleyJM
Gann Analysis for CFX/USDTThis chart shows **CFX/USDT** on a daily timeframe with a Gann Square overlay highlighting price and time levels. Below is the analysis: ### **Chart Analysis:** #### **1. Overview:** - **Asset:** CFX (Conflux) against USDT. - **Current Price:** **0.1691 USDT** (up by **3.62%** today). - **Gann Levels and Geometry:** This Gann Square incorporates key levels and angles, with major supports and resistances derived from both price and time. #### **2. Key Gann Levels:** - **0° = 0.1025 USDT:** Strong foundational support level; a potential long-term bottom. - **90° = 0.1370 USDT:** Recent support where the price bounced upwards. - **180° = 0.1766 USDT:** Current resistance zone; the price is consolidating just below it. - **360° = 0.2706 USDT:** A significant upside resistance level. - **450° = 0.3251 USDT:** A key medium-term target. - **540° = 0.3846 USDT:** Represents further resistance on a bullish breakout. #### **3. Price Action Insights:** - The price is currently attempting to break through **180° (0.1766 USDT)** after bouncing off **90° (0.1370 USDT)**. - If the price holds above **180°**, it could trend higher toward **360°** in the coming weeks. #### **4. Diagonal Analysis:** - **Green and Pink Lines (Gann Angles):** These represent key areas of reversal or breakout, depending on the interaction with price and time. - If the price aligns with the diagonal resistance, it may temporarily retrace. --- ### **Potential Scenarios:** #### **Bullish Scenario:** - **Condition:** Sustained price action above **0.1766 USDT** (180° level). - **Targets:** - **First Target:** **0.2706 USDT (360°)**. - **Second Target:** **0.3251 USDT (450°)**. #### **Bearish Scenario:** - **Condition:** Rejection at **0.1766 USDT** and a breakdown below **0.1370 USDT**. - **Targets:** - **First Target:** **0.1025 USDT (0°)**. --- ### **Recommendations:** #### **Short-Term Traders:** - Watch for a breakout above **0.1766 USDT (180°)** with volume confirmation for potential long entries. - Place stop-loss below **0.1370 USDT (90°)** to minimize risk. #### **Long-Term Investors:** - Accumulate near strong support levels such as **0.1370 USDT (90°)** or **0.1025 USDT (0°)** for a favorable risk-to-reward ratio. --- Wish you best of luck Trading!
by Magic_xD
#XAUUSG 1DAYXAGUSD (1D Timeframe) Analysis Market Structure: Trendline Support Breakdown: The price has moved below a key trendline support, indicating a potential shift in momentum towards the downside. Forecast: Sell Opportunity: The breakdown suggests weakening buying pressure, and sellers may take control, leading to further declines. Key Levels to Watch: Entry Zone: After confirmation of the breakdown or a retest of the broken trendline acting as resistance. Risk Management: Stop Loss: Placed above the broken trendline or recent swing high to minimize risk. Take Profit Zones: Focus on upcoming support levels or price zones identified through Fibonacci extensions. Market Sentiment: Bearish Bias: Sustained movement below the broken trendline indicates a bearish outlook, with sellers likely dominating the trend.
PEPPERSTONE:XAGUSDShort
by PIPSFIGHTER
The ₿itcoin Strategic Playbook: Timing Crypto Market CyclesWhy 4 Years Matters: The Confluence of Cycles Markets move in cycles: periods of growth and contraction, driven by psychology, supply/demand, and macroeconomic forces. Two major cycles intersect in the cryptocurrency market: Bitcoin Halving Cycle: A predictable event every 4 years, reducing Bitcoin's supply. Historically, prices surge in the months following. US Election Cycle: Presidential elections occur every 4 years, influencing fiscal policy, monetary policy, and investor sentiment. The strategy leverages the intersection of these cycles for precision timing. Interplay Between Cycles Historically, Bitcoin halving’s and US elections have occurred in the same year, creating a "perfect storm" for market volatility and opportunity. Example: The 2020 halving coincided with the US election, followed by a historic bull market. This alignment reflects how macroeconomic events can amplify crypto trends, rather than being purely coincidental. Fundamentals Behind the Halving Cycle What is Bitcoin Halving? Bitcoin halving reduces the block reward miners receive by half, occurring approximately every 210,000 blocks (~4 years). This built-in scarcity impacts Bitcoin’s supply, historically leading to price increases post-halving. Why It Matters Historical Trends: 2012: Halving triggered a bull run peaking in 2013. 2016: Halving triggered the 2017 bull market. 2020: Halving led to the 2021 price surge. Each halving decreases new Bitcoin supply while demand continues to grow. Altcoins: Following Bitcoin's Lead Bitcoin’s dominance often peaks post-halving as it leads the market rally. During the bull phase, altcoins typically follow Bitcoin's lead, offering higher growth potential. The Role of Elections Macroeconomic Impacts Election years bring uncertainty about future policies, creating market volatility. Policies on inflation, interest rates, and technology affect both traditional and crypto markets. Why It Aligns with the Halving The convergence of halving-induced optimism and election-driven uncertainty amplifies market movements. Example: 2020 saw the halving, COVID-19 stimulus, and election uncertainty, setting the stage for Bitcoin’s explosive growth. How the Strategy Plays Out Start at the Bottom (Accumulation): Look for signs of market capitulation (e.g., extreme fear in sentiment indices, low volume, prolonged price stagnation). Use indicators like RSI divergence to identify oversold conditions. Build positions gradually, focusing on projects with solid fundamentals. Ride the Markup Phase (Bull): Hold positions as prices rise, following the trend. Adjust exposure based on market conditions but avoid selling too early. Exit at the Top (Distribution): Watch for euphoric sentiment (e.g., excessive media coverage, speculative mania). Use tools like Fibonacci extensions, volume analysis, or the Fear & Greed Index to identify when to take profits. Survive the Markdown Phase (Bear): Avoid buying into dips during the crash. Preserve capital for the next accumulation phase. Source: Bitcoin Liquid Index: BNC:BLX
BNC:BLX
by azad.motala
Revving Up LI!Li Auto is demonstrating strong bullish momentum, with a gap forming around the $22.50 level. A breakout above the $31.04 resistance would confirm continued strength, positioning the stock to target the $47.67 monthly resistance. This trade offers an excellent risk-to-reward ratio, with downside risk managed via a stop-loss at $18.90. As a leader in the hybrid electric vehicle (EV) market, Li Auto is well-positioned to benefit from increasing adoption of EVs in China and worldwide. With its focus on extended-range EV technology and continuous production capacity expansion, the company is poised to capture growing consumer demand. Favorable government incentives for EVs and Li Auto’s ability to deliver innovative, efficient vehicles further strengthen its growth potential. This combination of technical momentum, market leadership, and favorable industry trends supports a bullish push toward $47.67, making LI a compelling opportunity for traders and investors. NASDAQ:LI
NASDAQ:LILong
by The_Trading_Mechanic
Gold is Running Hot!The market experienced two consecutive days of selloff following the FOMC Chairman Powell's rate announcement. This reaction is reflective of heightened uncertainty and bearish sentiment immediately after the announcement. However, today marked a shift in momentum as the price finally stabilized, signaling potential exhaustion of the selling pressure. Buyers have stepped back into the market with conviction, pushing the price back into the buy zone. This area coincides with a prior consolidation zone, suggesting that it holds significant technical importance as a support level. The re-entry into this zone indicates renewed interest from buyers, possibly setting the stage for a rebound or further bullish momentum in the near term. PEPPERSTONE:XAUUSD TVC:GOLD OANDA:XAUUSD
PEPPERSTONE:XAUUSDLong
by GoldenEdge
1
Render (RENDER) Breaks ResistanceRender (RENDER) Breaks Resistance, Community Rewards Program Sparks Hope Render (RENDER), a decentralized GPU rendering platform, has recently broken a significant resistance level at $7.45. This bullish development, coupled with the upcoming community feedback call for its Year 2 Community Rewards Program, has ignited excitement within the crypto community. Community Engagement Fuels Potential Render's commitment to community involvement is evident through its participatory rewards program. By seeking community input, the project aims to strengthen its bond with its users and foster a sense of ownership. A well-received rewards program can significantly boost token utility and demand, potentially driving price appreciation. Positive Sentiment and Market Impact Positive community interaction can create a positive sentiment around a project, which can lead to increased interest and investment. However, it's important to note that the broader cryptocurrency market conditions will also play a crucial role in determining the ultimate impact on RENDER's price. The $10 Target: A Realistic Expectation? While the recent price action and positive developments make the $10 target seem achievable within weeks, it's essential to approach such predictions with caution. The cryptocurrency market is highly volatile, and unforeseen factors can influence price movements.
Long
by Nashwan
2
Bitcoin in 2024: Key Trends, Recent Developments, and Future OutBitcoin in 2024: Key Trends, Recent Developments, and Future Outlook H ello, Bitcoin, the world’s first and most prominent cryptocurrency, continues to dominate the digital asset landscape in 2024. Amid a rapidly changing environment shaped by regulatory updates, technological advancements, and shifting market dynamics, Bitcoin remains at the forefront for investors, institutions, and blockchain enthusiasts. Here, we explore the key trends, recent developments, and risks influencing Bitcoin’s journey. Market Trends and Sentiment Bitcoin’s performance in 2024 has been marked by volatility and resilience. Following a period of price consolidation in 2023, renewed interest in Bitcoin has surged this year, fueled by macroeconomic factors like inflation concerns, geopolitical tensions, and increasing institutional adoption. This renewed focus propelled Bitcoin to a new all-time high of over $103,000 in December 2024, reflecting both strong demand and fluctuating investor sentiment. The bullish outlook is largely driven by institutional adoption. Major financial institutions have expanded their Bitcoin offerings, including exchange-traded funds (ETFs), custody solutions, and Bitcoin-backed loans. The U.S. Securities and Exchange Commission (SEC)’s approval of several spot Bitcoin ETFs earlier this month has been a game-changer, attracting traditional investors and enhancing Bitcoin’s accessibility. Conversely, bearish sentiment arises from persistent regulatory uncertainties, particularly in the United States, where stricter scrutiny of exchanges continues to cast a shadow over the market. Regulatory Landscape Regulation remains a pivotal yet contentious aspect of Bitcoin's growth. In 2024, several countries introduced comprehensive cryptocurrency frameworks, offering much-needed clarity for the industry. For instance, the European Union’s implementation of the Markets in Crypto-Assets (MiCA) regulation has set a benchmark for crypto governance within the bloc, increasing investor confidence. Meanwhile, emerging markets such as India and Brazil have embraced Bitcoin as a tool for financial inclusion, fostering widespread adoption. However, not all regulatory developments have been favorable. The U.S. SEC’s cautious approach has delayed approvals for certain cryptocurrency innovations while increasing oversight on exchanges. This dichotomy between proactive and restrictive regulatory environments will continue to shape Bitcoin’s adoption and growth. Technological Advancements Bitcoin's technological foundations have seen notable progress in 2024, reinforcing its utility and appeal. The Lightning Network, a second-layer solution designed to enable faster and cheaper transactions, has gained significant traction. This technology enhances Bitcoin’s potential to function not only as a store of value but also as an efficient medium of exchange. Sustainability has also become a focal point in Bitcoin mining. Renewable energy now powers a significant portion of mining operations, addressing previous criticisms about Bitcoin’s environmental impact. These advancements reflect a broader industry shift toward greener practices, appealing to environmentally conscious investors. Adoption Trends Bitcoin’s integration into both institutional and retail financial systems continues to deepen. Institutional adoption has reached unprecedented levels, with leading asset managers incorporating Bitcoin into their portfolios and major banks offering Bitcoin-related services. Retail adoption has also grown, with more merchants and platforms accepting Bitcoin as a payment method. The rise of Bitcoin-backed financial products, including derivatives and tokenized assets, highlights its maturation as a financial instrument. Bitcoin’s increasing prominence in traditional finance signals its evolution from a niche digital asset to a key player in the global economy. Recent Developments Influencing Bitcoin’s Price Spot Bitcoin ETFs: U.S. approval of spot Bitcoin ETFs in December 2024 was a watershed moment, enabling easier access for traditional investors and driving Bitcoin’s price to new highs. Regulatory Clarity in Europe: The EU’s MiCA regulations have bolstered confidence among European investors and institutions, fostering a secure environment for Bitcoin operations. Emerging Market Adoption: Nations like Brazil and India have integrated Bitcoin into their financial systems, viewing it as a means of promoting financial inclusion. Geopolitical Instability: Tensions in global markets have reinforced Bitcoin’s role as “digital gold,” attracting investors during times of uncertainty. Sustainability Efforts: Renewable energy adoption in mining has improved Bitcoin’s environmental profile, drawing in environmentally conscious stakeholders. Risks and Challenges Despite its progress, Bitcoin faces significant challenges. Regulatory uncertainty in jurisdictions with restrictive policies remains a key risk. The SEC’s ongoing scrutiny in the U.S. underscores the hurdles Bitcoin must overcome in certain markets. Market volatility continues to deter risk-averse investors, while competition from other cryptocurrencies and blockchain platforms could dilute Bitcoin’s dominance. Security remains another area of concern. While Bitcoin’s blockchain itself is highly secure, vulnerabilities in exchanges and wallets expose users to hacks and fraud. Education on best practices and enhanced security measures will be critical to maintaining trust within the ecosystem. Looking Ahead The future of Bitcoin in 2024 and beyond will depend on its ability to address these challenges while capitalizing on its opportunities. Key developments to watch include further regulatory evolution, ongoing advances in scalability and energy efficiency, and the continued integration of Bitcoin into traditional finance. Bitcoin’s journey from a niche digital asset to a globally recognized financial instrument underscores its resilience and adaptability. As decentralized finance and digital currencies continue to evolve, Bitcoin remains at the forefront, shaping the future of the cryptocurrency landscape. Regards, Ely
BITSTAMP:BTCUSD
by Elysian_Mind