Chart Patterns
WLDUSDT: Ready for a Bullish Surge from Key Support?Yello Paradisers! WLDUSDT is maintaining a bullish market structure and respecting the supportive trendline, which increases the probability of a bullish move.
💎If WLDUSDT approaches the key support zone aligned with the supportive trendline, or if it forms bullish patterns like a bullish Internal Change of Character (I-CHoCH), W-pattern, or Inverse Head & Shoulders on lower timeframes, it will further increase the likelihood of a bullish continuation.
💎In the case of a retracement or panic selling, a bounce from the strong support zone is anticipated. However, to strengthen the probability of a reversal, confirmation via a bullish I-CHoCH on lower timeframes is essential.
💎However, if the price breaks down and closes a candle below the strong support zone, it will invalidate the bullish outlook. In such a scenario, it would be wise to remain patient and wait for a clearer price action to develope.
🎖Stay disciplined, Paradisers. The market rewards patience and strategy, not impulsiveness. Stick to your plan, wait for confirmations, and approach every trade like a pro.
MyCryptoParadise
iFeel the success🌴
Critical Bitcoin Support Levels: A Key Test for the FutureI was reviewing some of my old charts and came across this one because the patterns here are really interesting. Back on November 15th, I posted a head and shoulders pattern, but as you can see, it didn’t play out as expected. Every time Bitcoin made a new high, it got rejected and pulled back to the support level. This has happened multiple times Bitcoin goes up, makes a new high, and then retraces all the way back down to the same support level.
What’s different this time is that Bitcoin tried to push for new highs but failed, instead forming a lower high. Now, it’s testing a critical support level, marked by the two white trend lines on the chart. Bitcoin is currently at the support level, but the real test will come when it reaches that point of support. That’s the key support area that Bitcoin must hold.
Bitcoin really needs to maintain this support. If it breaks through, we could see a significant drop, potentially all the way down to $77,085.65. I don’t want to sound overly negative, but I’m just giving you a heads-up on what could unfold in 2025. All eyes will be on the $91,541.87 level this is the crucial support level. If Bitcoin can’t hold that area, it could trigger a further decline. Keep a close watch, as this could be a pivotal point for the next major move.
12.24.2024 GOLD Logic Analysis + Opportunity AnalysisHello traders,
Everyone must be clear that there are multiple factors causing tight liquidity at the end of 2024
1. Special Timing Factors
- US markets traditionally have lower liquidity during Christmas to New Year period
- Financial institutions' year-end settlements and balance sheet adjustments
- Traders' holiday breaks naturally lead to decreased trading volume
2. US Government's Debt Issuance Pressure
- Scale: Treasury auctions exceeding $70 billion
- Timing: During the lowest liquidity period
- Distribution of Types:
- 2-year Treasury bonds
- 5-year Treasury bonds
- 7-year Treasury bonds
- Impact: Will further drain dollar liquidity from the market
3. Federal Reserve's Response Measures
Fed's current Standing Repo Facility (SRF) (temporary liquidity operations) characteristics:
- Time window: 12/30/2024 - 1/3/2025
- Scale: $500 billion daily
- Nature: Temporary liquidity support
- Operation method: Overnight repo
Interpretation of Fed's SRF policy implications:
- Only covers the most critical days around year-end
- Shows Fed's vigilance against market volatility
4. Risk Warnings: Liquidity Risk + Thin Holiday Trading
- Market volatility may increase
- Asset prices may fluctuate
- Trading costs may rise
- Year-end cross-year trading requires caution
Last week's group reminder: Gold short-selling plan, short targets were:
TP1: 2648 achieved, manage positions and trailing stops
TP2: 2618 first target for new positions, consider entry timing on Thursday after Fed meeting
TP3: 2575 not yet reached
Friday's group reminder: Not advisable to enter new positions, continue managing stops and position sizes for existing short positions.
This week, due to Christmas holidays, liquidity is low, not recommended to open new positions.
Continue managing stops and positions for last week's short positions, ultimate profit target remains at 2575, but if stop losses are triggered unexpectedly, exit and observe, waiting for the next opportunity.
Technically, on the 4-hour chart, gold's retracement has reached the first structural position (STRUCTURE 1) at FIBO 382 level in the 2930-2940 area. Watch the resistance force when price reaches this position, observe for new 1-hour reversal signals for potential continued downward movement in gold.
GOOD LUCK!
Merry Xmas!
LESS IS MORE!
USD/CAD H1 | Falling to multi-swing-low supportUSD/CAD is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 1.4350 which is a multi-swing-low support that aligns close to a 38.2% Fibonacci retracement.
Stop loss is at 1.4290 which is a level that sits underneath a pullback support.
Take profit is at 1.4430 which is a multi-swing-high resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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BANKNIFTY : Trading levels and Plan for 24-Dec-2024Plan vs. Actual Performance (23-Dec-2024):
In today's session, Bank Nifty opened near the 51,097-51,272 resistance/support zone, as anticipated in the plan.
Prices respected the Opening Resistance/Support zone , consolidating within this range initially (yellow trend indicating sideways movement).
A breakout above 51,272 was short-lived, and prices struggled to sustain higher levels, aligning with the plan's cautionary note about rejection patterns.
The range-bound behavior observed in the chart perfectly matches the yellow zone prediction in the plan, highlighting indecision in the market before testing key levels.
No significant bullish or bearish breakout was sustained, demonstrating the market's hesitancy near the projected levels.
Key Takeaway: The trading plan's highlighted zones (resistance and support) provided reliable levels for observing price action and market trends, with the sideways movement being accurately forecasted.
The chart for the 24th of December 2024 provides a detailed plan for different opening scenarios, including gap up, flat, and gap down openings. This plan will help traders navigate the market effectively.
Trading Plan for 24-Dec-2024
Gap Up Opening (200+ points)
If the market opens above 51,593.00, look for a bullish trend continuation towards the next resistance level at 51,719.00. Monitor price action around 51,719.00. If the price sustains above this level, the next target would be 51,962.00. Place a stop loss below 51,593.00 to manage risk.
Flat Opening
If the market opens around the previous close of 51,287.25, observe the price action within the no trade zone (51,306.90 to 51,353.00). A breakout above 51,353.00 could signal a bullish trend towards 51,420.95. A breakdown below 51,306.90 could indicate a bearish trend towards 51,267.00. Manage risk by placing stop losses just outside the no trade zone.
Gap Down Opening (200+ points)
If the market opens below 51,073.00, look for a bearish trend continuation towards the next support level at 51,010.00. Monitor price action around 51,010.00. If the price sustains below this level, the next target would be 50,781.00. Place a stop loss above 51,073.00 to manage risk.
Risk Management Tips for Options Trading
Always use stop losses to limit potential losses. Avoid over-leveraging; trade within your risk tolerance. Diversify your trades to spread risk. Keep an eye on implied volatility and time decay when trading options. Regularly review and adjust your trading plan based on market conditions.
Summary and Conclusion
The trading plan for the 24th of December 2024 outlines strategies for different opening scenarios, including gap up, flat, and gap down openings. By following the plan and adhering to risk management principles, traders can navigate the market effectively. Remember, the yellow trend indicates sideways movement, the green trend indicates a bullish trend, and the red trend indicates a bearish trend.
Disclaimer
I am not a SEBI registered analyst. This plan is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any trading decisions.
BTCUSDT - Bearish sign?daily chart displays a ascending broading wedge pattern
can notice obviously how price action going when touches the lower side of the pattern
You'll notice a full absorption of the candle, with only a wick touching the lower part of the pattern.
It's important to understand that the ascending wedge pattern is inherently bearish, often signaling a downward move. However, Bitcoin rarely gives you a clear short signal like this—it will likely liquidate all short positions first.
What’s expected is a strong upward move in the coming days, followed by a drop. Bitcoin’s target for this correction is 85k.
USDCAD 3 month BulltrainIs the massive bull run ever going to stop as USDCAD is at a 5 year high? 3 rejections after attempts to create new highs on the 1 HR chart. RSI is losing strength as the price soars above the 200 SMA. Will USD maintain this bull train or is there going to be a change of season after the holidays? SELL! SELL! SELL!
*Trading is Risky*
Any and all liability is claimed by the trader. Do not risk more than you are willing to lose. Do not take unnecessary risks and look before you leap.
Sell #GOLD 2626 - 2629💎 Sell #GOLD 2626 - 2629 💎
Stoploss 2635
Breakeven 2625.5
TakeProfit 1: 2624
TakeProfit 2: 2622
TakeProfit 3: 2620
TakeProfit 4: 2618
TakeProfit 5: 2616
TakeProfit 10: 2606
TakeProfit 20: 2586
TakeProfit 30: 2566
Trade at your own risk
Protect your capital
The Wizard 🧙♂️
Monday 12/23/2024 02:00 AM EST
EUR/CHF "Swiss Franc Cross" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the EUR/CHF "Swiss Franc Cross" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📈 : You can enter a Bull trade at any point,
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level.
Goal 🎯: 0.94800
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
GBP/USD "The Cable" Forex Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the GBP/USD "The Cable" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📉 : You can enter a short trade at any point,
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high/low level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest high level.
Goal 🎯: 1.23800 (or) Escape before the goal
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
Bitcoin-92,000 or panic plungeBitcoin-92,000 or panic plunge
"Bitcoin investors are like gamblers - they just wear nicer suits and call their losses 'portfolio adjustments. Predicting Bitcoin is like predicting the weather - the weather is less often wrong!'"
Williams' Bitcoin weather forecast:
Theoretical basis: straight lines belong to humans, curves belong to God
God's perspective--as shown in the picture:
The most accurate support line at the moment is: around 92,000
The meaning of segment A: the accumulated shock near 92,000, just like before a 100-meter race, the athlete must squat first.
The meaning of segment B: the test market of sprinting 100,000
The meaning of segment C: forcing the shorts to death and quickly taking profits, the long and short divergence
The meaning of segment D: Accumulated adjustment, and trying to rush to a new high: 11,000, and quickly collapsed near 108,000.
The meaning of segment E: panic decline may occur
Fundamentals:
Trump is highly bullish on Bitcoin
Powell is highly bearish on Bitcoin
The news is true!
The money evaporated, which is also true!
Trump plays the red face and Powell plays the black face.
It's like Chinese crosstalk, they are singing a double act.
I will use the orange S line to show the possible trend, as shown in the figure
Long ideas:
BUY: 93000-94000
SL: 92000
TP1: 99000
TP2: 100000
TP3: 103000
----------------------------------
Short ideas:
SELL: 94000-94500
SL: 99500
TP1: 92000
TP2: 88000
TP3: 85000
As a professional analyst: From the perspective of technical analysis, I prefer the possible panic decline.
But we have to face the two super rogues in reality
I will continue to follow up the subsequent signals
If you also agree with my analysis, you can leave me a message and I will reply one by one
and continue to update for you.
EUR/USD "The Fiber" Forex Market Bearish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
Dear Money Makers & Robbers, 🤑 💰
Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the EUR/USD "The Fiber" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📉 : You can enter a short trade at any point,
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high/low level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest high level.
Goal 🎯: 1.02500 (or) Escape before the goal
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀
I'll see you soon with another heist plan, so stay tuned 🫂
Gold Price Today, December 24: Unexpected Reversal and DeclineHello everyone, Merry Christmas!
Let's update the gold price for today: Gold is currently at $2,616 per ounce, down by $16 from the highest point of $2,629 per ounce during yesterday’s trading session.
Gold is under pressure from the strengthening USD and rising U.S. bond yields, as investors await signals regarding the potential for U.S. interest rate cuts in 2025. In my view, the rate-cutting path may pause in January or March.
At the moment, the USD Index has risen by 0.4%, reaching 108.08 points, which has reduced gold’s appeal. U.S. bond yields have also increased to 4.58%, attracting capital into bonds and decreasing the flow of funds into the gold market. As a result, the gold price continues to decline today.
Looking at the technical chart, the EMA 89 has crossed below the EMA 34, indicating a clear downtrend. With resistance at $2,626, the price of gold has been pushed down to $2,610, and maintaining support at this level seems challenging. If there are no significant changes, the price is likely to break through the support and continue falling to the previous support level at $2,585. If this trend persists, gold could decline further and potentially break through the $2,585 support level.
Analysis "XAU/USD is trading near a critical resistance zone at 2610. A clear rejection at this level and a break below the highlighted support zone could indicate bearish momentum, with a potential target around 2583. Traders are advised to watch for confirmations such as strong bearish candlesticks or increased selling volume before entering short positions. Always manage risk appropriately."
Gold Next moveTimeframe :
D1 trendline broke + SBR
H4 Trendline + Bearish eng
H1 Trendline
D1 trendline has broken the trendline and support area so now its became, support become resistance (SBR), H4 has bearish engulfing at the trendline, H1 the trendline.
Entry:
Entry according to H1 TF, entry point is 2627.72 at the trendline.
Stop loss above the trendline 2638.70 and Target is previous low 2585.70
LET'S RIDE THE TRAIN TO THE MOON This dude has picked up steam, it has teasted the weekly 50% retracement level and it's ready to ride the rocket to the moon, look for a strong 4h bullish candle, buy and hold some of this lady, we may not see this price again in the next 6 months. happy trading. trade with caution and grace. risk only what you are ready to lose. see you at tp
Here’s an analysis of the DXY on the 1-hour chart, Here’s an analysis of the DXY on the 1-hour chart, with your updated target of 107.100:
Current Analysis
Trend Overview:
The dollar index (DXY) is in a clear downtrend on the 1-hour chart, forming lower highs and lower lows.
Momentum indicators like RSI are likely staying below 50, reinforcing bearish sentiment.
Key Resistance Zone (108.100):
This is the potential sell zone, where the price may face rejection.
Look for a bearish candlestick pattern at or near this level (e.g., shooting star, evening star, bearish engulfing) to confirm the entry.
Support Zones on the Path to 107.100:
Intermediate Support 107.500: DXY might consolidate or bounce slightly here, as it's a possible reaction point.
Final Target 107.100: This aligns with a major support level from prior price action or Fibonacci retracement zones.
Indicators to Watch
RSI:
If RSI is below 40, it confirms strong bearish momentum.
Any divergence (e.g., higher low on RSI while price makes a lower low) near 107.500 or 107.100 could signal weakening downside momentum.
MACD:
Look for a bearish crossover (MACD line crossing below the signal line) as confirmation to enter or hold the trade.
Volume:
A spike in volume near resistance (108.100) supports rejection. Similarly, decreasing volume near the target (107.100) could indicate trend exhaustion.
Trade Setup for 1-Hour Chart
Sell Entry: Around 108.100 (resistance zone).
Take Profit (Target): 107.100.
Stop Loss: Around 108.300, slightly above resistance, to account for volatility.
TVC:DXY