Bullish Spirits: Navigating $QQQ with ConfidenceIn the realm of NASDAQ:QQQ , my bullish outlook remains, above the key support level at $403. A celebration is in order as we set our sights on resistance, celebrating the market's recent making of a higher high!!!
Maintaining bullish sentiment, the strategy tells me staying above the support level. Cheers to the market making higher highs!
Bill Williams Indicators
Potential for $USDJPY to Forge Higher HighsAs we peek in at FX:USDJPY , a bullish incline is showing, pointing towards the creation of higher highs, particularly when staying above the support at 144.870. My strategy revolves around maintaining a bullish stance above this pivotal level, refraining from any trade if the market ventures below.
In the upcoming week, the bullish outlook shows. Should a bearish sentiment show, risk management, and low-risk positions bearish.
Deep Dive into Gold $GLD $XAUUSD $GCStaying firmly bullish on gold ( AMEX:GLD , OANDA:XAUUSD , COMEX:GC1! ), my focus is on patiently awaiting the continuation of the current upward trend. Checking out the recent market maneuvers, a bullish stance is maintained especially when holding ground above the critical support at $2000.
Considering the recent market vibes, there's an expectation that we'll keep pushing forward. Eyes are set on overcoming potential resistance at $2063, Id like to not just a breakthrough but a creation of a higher high on the weekly chart. This analysis aligns with the ongoing trend.
Navigating Short-Term Waves: A Bitcoin Analysis Checking out BINANCE:BTCUSDT , we're seeing some interesting moves. Resistance seems firm around 43610, while support is holding steady at 40175. What's catching my eye on the daily chart is the EMA crossover – always a key signal.
This crossover suggests we might be in for a bit of a dip or a consolidation phase in the week ahead. Now, me, I'm not one to jump into Bitcoin during a downtrend. Gotta play it smart, right?
But, and it's a big but, let's not lose sight of the bigger picture. The major trend for Bitcoin is riding high on the bullish wave. So, while we navigate the short-term ripples, let's keep that overarching uptrend in mind and make decisions that sync up with the larger market movements.
New Bullish target set at 61k. Here's why...While it is true the 0.786 fibbonacci level was touched at 48k, it has not lead to a devastating blow to the downside.
40k support is still holding which leads me to believe more upside is coming.
My old target was 57k based on that 0.786 fibbonacci, but I was expecting price to blow past it creating a blow off top. Since that did not happen, and price rejected with a weak pull back to the 40k level, I believe price will push beyond the 57k level.
Therefore, my next level of interest will be the 61k level.
When the 350 moving average based on the CT Pi cycle top indicator is applied, that moving average currently sits at the 60,900 level.
Also, the Bill Williams oscillator is showing over bought. The last time it was this overbought was before the November breakout above 35k.
Therefore, I plan to take profit at 61k and if price rises higher, I will consider taking a short play.
I hope this helps someone out there.
God bless 🙌
Handy
You don't need Heikin AshiHeikin Ashi is a popular trend indicator.
The open values of Heikin Ashi point out the potential trend reverse price level.
However, not all chart services privide Heikin Ashi.
In fact, there is an another way to estimate the open values of Heikin Ashi.
It is SMMA.
William Alligator uses 3 SMMA at a time.
We can set
Offset = 0
Lips = 2
Teeth = 8
Jaw = 32
Lips , also SMMA(2), estimate the open values of Heikin Ashi of the current timeframe.
Teeth and Jaw are the preview of the open values of Heikin Ashi in higher timeframes.
Bitcoin.... Did You Know?Bitcoin is currently valued at $46,122, finding support at $44,701. If you're considering entry, a potential zone is between $47,317 and $47,917. Patience is key, awaiting higher highs as Bitcoin is in a bullish trend.
Did You Know?
Q: Did you know how Bitcoin transactions are verified?
A: Bitcoin transactions are verified through a process called mining, where powerful computers solve complex mathematical problems to add new transactions to the blockchain. Miners are rewarded with new bitcoins for their efforts, ensuring the security and integrity of the network.
Navigating Bearish Trends in $XAUUSD On January 3, OANDA:XAUUSD signaled a potential downtrend. The price is below the balance point at 2041, suggesting a likely decline. The strategy here involves entering at 2016.80 with a safety net (stop loss) at 2028, anticipating the price to drop even further.
To gauge this, we use tools like the Awesome Oscillator and Accelerator Decelerator. Right now, they're both in the negatives, supporting the idea of a bearish market.
Remember, it's a bit like predicting the weather in the stock market. Keep an eye on how things unfold, and happy trading!
Please Share with 1 person! Thank you
Potential Reversal and Bullish Momentum Ahead $CATNYSE:CAT has caught attention during a random TradingView screening, displaying indications of a trend reversal after initiating an upward movement on December 4. The critical support level stands at $283.29. Should the stock successfully breach the resistance at $299.20, there's a prospect for a sustained bullish trend.
A noteworthy factor is the upcoming earnings report in 26 days, which may influence the stock's performance. Traders should monitor closely, focusing on the breakout above $299.20 as a potential signal for further upward momentum.g its trend to continue an upward movement that started on December 4. The support level is around $283.29, and if the stock breaks past the resistance at $299.20, it could potentially continue its bullish trend. It's worth noting that earnings are coming up in days, which could impact the stock's performance. Keep an eye on these levels and watch for the breakout beyond $299.20 for potential upward momentum.
Bitcoin's Bullish Journey: Riding the WavesBitcoin ( CRYPTOCAP:BTC ) is on a bullish trend, finding reliable support at $42,441 on the daily charts. If you're considering getting in on the action, an entry point around $45,911 seems promising. It's crucial to play it safe, setting a stop loss at $44,951 once you're in. This strategy aligns with the alligator method, trailing the market's movements. As the numbers suggest, the Bitcoin train is on a positive track—just remember to stay alert and enjoy the ride!
Navigating the Bearish Territory: $DXY AnalysisTVC:DXY is currently on a bearish trend, encountering resistance at 103.115. Consider entering cautiously at $100.609, keeping an eye on targets at $99.570 (TP1) and $97.672 (TP2). In the midst of the downturn, it's crucial to approach the market with vigilance. Set a tight entry point and remember, it's okay to cut losses short while allowing potential winners to unfold. Stay sharp in the bearish terrain of $DXY.
Riding the Bullish Wave with $XAUUSDGold ( OANDA:XAUUSD ) is showcasing a bullish trend, finding support at $2041. Consider entering the market at $2088, with an eye on the all-time high at $2148. With its centuries-old reputation as a safe haven, gold is in the spotlight. Remember to set a tight stop when you start and, in the spirit of letting winners shine, allow your successful positions to run their course. Gold, a timeless investment strategy.
Bitcoin Update: Things Are Looking Up!Bitcoin ( CRYPTOCAP:BTC ) seems to be on the rise, suggesting it's a good time to jump in at $45934 based on daily trends. Use a trailing stop to play it safe. If things go well, consider hitting the brakes at $48274 (Target 1) and $52122 (Target 2). Remember, it's like a game – keep your losses small, let the wins grow, and you might just strike gold!
Decoding DXY: Navigating a Bearish PathBreaking down the DXY scene: A bearish trend kicked in around Nov 23. Current resistance playing at 103.423, with targets set at 100.609 (TP1) and 99.570 (TP2). Friendly reminder: Tighten up that stop loss! Dive into the world of market dynamics with caution. #DXYAnalysis #BearishTrend101
Bitcoin Update: What You Need to Know!Breaking it down for you: Bitcoin's been on a positive ride since Oct 23. Right now, it's got a solid backup at $40,570, and the game plan is to hit $45,925 (TP1) and $48,274 (TP2). Keep it simple, stay curious, and remember, crypto can be a rollercoaster so buckle up! #BitcoinNews #EasyCrypto
harting the Waves: $GC1 Bulls Set Sail for Profit Peaks! ASX:GC1 is riding a bullish wave above $2049, signaling an opportunity for swing traders.
Targets:
1. TP1 - $2098: A milestone reflecting early success as bullish momentum gains traction.
2. TP2 - $2153: The ultimate destination, representing the peak of the bullish surge and a potential jackpot for savvy swing traders.
Risk Management:
Always use a tight stop loss!
Chromia Technical Analysis - 1000%+ Gain Potential What Is Chromia (CHR)?
Chromia is a relational blockchain platform that aims to make it easy for people to build decentralized applications (DApps). It was founded by ChromaWay, a company that has been working on blockchain solutions since 2014 for various sectors such as finance, real estate, gaming and public services. ChromaWay is also known for creating colored coins, which are user-defined assets on a blockchain that can represent anything from currencies to stocks to collectibles.
Chromia’s vision is to enable a new generation of DApps that can scale beyond what is currently possible and address real-world problems in various domains such as gaming, social media, finance, healthcare, education, governance, and more.
Some examples of DApps on Chromia include: My Neighbor Alice (ALICE), a multiplayer blockchain game; LAC PropertyChain, a land registry system; Green Assets Wallet, a platform for green bond verification; Hedget (HGET), a decentralized options protocol; Corite (CO), a music streaming service; Chain of Alliance (COA), a strategy game; Vault12, a digital asset custody solution; Domenation, a blockchain gaming project.
Price Levels to watch
Support Level: $.2091
Break out Zone: $.3195
Target 1: $.5903
Target 2: $.8893
Target 3 (Major Resistance): $1.06
Extended Target 1: $1.86
Extended Target 2: $2.403
Extended Target 3: $3.7785
JST Weekly Wisemen and Elliott Wave CountOn the weekly, JST has both Wisemen 1 and 2 signaling an imminitent long-term trend reversal. The diametric is also equal to the prior waves b+c in time and related to wave-a by 38.2% in price, giving it good timing for a break out from a forecasting perspective. The channeling for the diametric is also perfect contracting then expanding bowtie, and overall it forms a nice double combination. JST is likely to follow TRX which also has a very similar bullish count.
There's also an interesting buying pattern forming for the last month. 5 separate days, minutes after the new daily candle opens there has been a lot of buying that pushes the price up several percent within minutes and it only gets partially retraced. It looks like there are whales accumulating around these prices on these days around 8pm EST, probably right before a long-term break out and trend reversal happens. Volume on Poloniex has also skyrocketed the last few weeks.
WHEATF | Wheat Poised for a Rebound!👋 Good day, traders!
📈 After a two-month decline on the D1 chart, WHEATF has found support at the 540 level. Given its month-long accumulation phase and the completion of its downtrend, a breakout above the 587.75 resistance level could signal a rally towards target levels of 615.00, 660.00, 695.00, and 732.00. Consider buying entries around the 595.00-600.00 range, targeting potential profits of 3.3% to 23.0%, with a SL set at ~565.00.
✅ Give a 👍 if you're keen on more insightful and profitable trading ideas❗️
❓ I'd love to hear your thoughts. What's your take on this?
DISCLAIMER:
This idea is purely informational and educational. It's not a trading recommendation. Each trader should analyze and make decisions based on this information independently.