Chart Patterns
Adam n Eve Double Bottom bounce off 90k - 92k areaBitcoin has failed to break the 90k area 3 times now. The buying pressure is increasing with every dump, every dump becomes an opportunity. It has been awhile since we seen an Adam n Eve double bottom and when the play out they can be explosive. A slow downtrend into Christmas before the rally.
A Merry Christmas To All! I wanted to post a short message here as I have no pairs on watch for today going into the Christmas period this week.
A HUGE thank you to all of my followers who have supported me through 2024, all of the boosts and comments you guys have made are really appreciated.
I look forward to seeing you all back here for a massive 2025, full of momentum and speed to make next year YOUR year.
Have a great time with family and friends over this next week or so, make sure you have your plan of action in place to hit the ground running come January the 1st!
#BTC reaches support📊#BTC reaches support✔️
🧠From a structural perspective, the target of the bearish cup-with-handle structure was achieved, so a nice rally was justified, unfortunately it was $282 away from our long entry point. We ultimately failed to break above the resistance zone of 95835-96277, so we tried some shorts and have achieved a nice profit so far.
➡️If we want to reverse this downtrend, we need to build a long structure in the support zone, and the next resistance zone is around 98000-100000.
⚠️If we continue the bearish trend, the next support zone is around 90000-85700.
Let's see👀
🤜If you like my analysis, please like💖 and share💬
BITGET:BTCUSDT.P
BTC - TOP is NEARBTC is nearing its top. It still has a few more distribution to go but what better time for the final distribution than when Trump becomes president. After all he is "pro crypto" and time for BTC to go to 1million. Everything will be approved, USA will make BTC its reserve.. Blah, Blah, Blah.
This is not a financial advice, please do your DD.
Please support this idea.
23/12/24 Weekly outlookLast weeks high: $108,403.98
Last weeks low: $92,261.97
Midpoint: $100,332.98
Last week we saw a swing fail pattern (SFP) of the week previous' high. Ever since then it's been a steady sell off throughout the week, mostly thanks to JPows FOMC statements despite a 25bps cut as forecast. BTC is now battling the 4H 200 EMA for the first time since the US election, a much needed pullback or the start of a further sell-off?
Going into the holidays we should expect a lower volume as whales take some time off, retail will remain as crypto is shilled to family members over Christmas dinner so the market will continue to be interesting. The 4H 200 EMA is a key battleground, I would have hoped to see a better reaction off the moving average initially but maybe this is bad timing due to the holidays and lower volume, or the reluctance to open new trades while markets are shut etc.
This week is obviously quiet in terms of data releases, there are various token unlocks ENA, IMX, FET and burns for some key altcoins such as ISP & BONK. I think the general consensus is that normal service will resume in January once everything opens back up.
So for this week it's probably better to set alerts for key areas you want to get involved in, planning for when volume returns to the markets and when Trump takes office too.
Merry Christmas to all and good luck!
BANKNIFTY : Trading Levels and Plan for 23-Dec-202423-Dec-2024 Bank Nifty Trading Plan
Color-Coding:
Yellow: Sideways trend. Green: Bullish trend. Red: Bearish trend.
23-Dec-2024 Trading Scenarios:
Gap Up Opening (+200 points or more):
If Bank Nifty opens above 51,272 but below 51,420 , this range acts as an immediate resistance zone. Watch for bearish rejection patterns like a double top or bearish engulfing to initiate short trades targeting 51,097-50,872 .
If prices sustain above 51,420 , the sentiment shifts bullish. Consider long trades above this level with targets of 51,832-52,000 . Use a stop loss at 51,250 to manage risk effectively.
Flat Opening:
A flat opening near 50,872-50,664 suggests consolidation. Wait for a breakout above 51,097 for long trades targeting 51,272-51,420 .
Alternatively, a breakdown below 50,664 may trigger bearish momentum. Short trades can be initiated below this level, targeting 50,069-49,800 . Use hourly candle closes to confirm breakdown or breakout for improved accuracy.
Gap Down Opening (-200 points or more):
A gap down below 50,664 puts immediate focus on 50,069 as a critical support level. Look for bullish reversal patterns (e.g., hammer or morning star) within this zone to initiate long trades targeting 50,664-50,872 .
If prices fail to hold 50,069 , expect extended bearish pressure, with short trade targets at 49,800-49,500 . Maintain a stop loss at 50,150 to protect capital.
Risk Management Tips for Options Trading:
Prefer buying options in volatile markets instead of selling to limit risk.
Use spreads (e.g., bull call spreads or bear put spreads) for defined risk-reward.
Monitor implied volatility (IV) levels; higher IV suggests premium decay risk for sellers.
Cap exposure to a fixed percentage of your trading capital per trade.
Summary & Conclusion:
Bank Nifty’s movement on 23-Dec-2024 will revolve around critical zones, especially 51,097-51,272 and 50,664-50,069 . Respect these levels and wait for confirmations before initiating trades. Effective risk management and disciplined execution are key to navigating volatile markets.
Disclaimer:
I am not a SEBI-registered analyst. This analysis is for educational purposes only. Please consult your financial advisor before making trading decisions.
XAU/USD Chart Analysis and Analytical Gold Price ForecastXAU/USD Chart Analysis and Analytical Gold Price Forecast for 2025
With the holiday season underway, this week may be less volatile than the previous one, which was dominated by central bank decisions. This presents an opportunity to analyse the broader trends and outlook for gold prices in 2025.
The XAU/USD chart reveals that gold prices have been moving within an ascending channel, gaining approximately 27% since the start of 2024.
The short-term outlook appears bearish due to the following factors:
- Gold prices fell after last week’s Federal Reserve interest rate cut, signalling increased selling pressure.
- The $2,720 level remains a key resistance, having reversed the price downward in November and December.
- While a recent upward reversal (indicated by an arrow) shows renewed buying interest near the lower boundary of the ascending channel, persistent selling pressure could still lead to a bearish trend. This might result in a breakdown below the blue channel's lower boundary and the formation of a descending channel (outlined in red).
Despite short-term challenges, analysts remain optimistic about gold's prospects for 2025. Donald Trump's return to the White House may significantly change global trade, Western alliances, and geopolitical dynamics. These uncertainties may increase demand for gold as a so-called safe-haven asset.
A BullionVault survey of around 1,450 participants predicts that gold prices could reach $3,070 by the end of 2025, driven by concerns over geopolitics and mounting national debt.
In this context, even if the lower boundary of the blue channel is breached, bullish momentum could resume, possibly from one of the grey support levels.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Ethereum (ETH): Possible Zone of Resistance / RejectionEthereum has reached one major resistance zone within the timeframe, where we are seeing some weakness around it and a possible zone of rejection to occur.
We are looking to see here a good start of downward movement so keep your eyes wide open, as if we see a rejection we might see a good start of downward movement, but if we see a break from here then most likely we will move to new ATHs!
Swallow Team
Cup of pepeThe previous figure
has transformed into a new one.
Why not?
A cup of pepe.
Even if no one took profit a week earlier, at +50%, now you can close at +10% and wait for the Pepe Cup to work out))
According to the classics of the genre, the figure is worked on to the height of the cup. This means the target of the figure
0.039498.
Let's see how this works?
Nifty Intraday Trade Setup | 23rd DecemberNifty opened with a minor gap-down and we saw a bounce in morning 23880 to 24000. Buy trade triggered as per trade setup posted for Friday but Nifty missed our 1st target of 24080 by 14 points and reversed.
For tomorrow, if Nifty sustains above 23650 we expect to see an up-move towards 23720 and above marked levels. On the other side, if Nifty breaks a crucial support 23500 on downside we may see 23430 and below marked levels on the chart.
Expectations: Volatile day
Intraday Levels:
Buy Above - 23650
Sell Below - 23500
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Happy Trading!
InvestPro India
Market overview
WHAT HAPPENED?
Over the past week, bitcoin has been correcting after another ATH update.
The upward movement was expected to resume, but the reaction from the buy zone didn’t occur properly. The reaction was received only from the $97,000-$94,200 zone.
WHAT WILL HAPPEN: OR NOT?
At the moment, a reserve for a price reversal may be forming. Upon repeated retest of these marks, there is a buyer's activity in terms of delta and volume. The conservative point in the long run would be to capture liquidity through a false breakdown of the local minimum.
Above, we still have a strong sell zone, from which we’re likely to get a backlash in an upward movement.
With a true breakdown of the local minimum, we can get a move to $80,000, so be careful and follow risk management.
Buy zones: level $92,300 (local low), ~$80,000 (volume anomaly), $77,000-$74,000 (major volume zone).
Sell zone: $100,000-$102,000 (mirrored volume zone).
I MPORTANT DATES
Christmas holidays start this week in many countries, so there are almost no reports. Among the significant macroeconomic events:
• December 23, Monday, 3 P.M. (UTC) — publication of the U.S. consumer confidence index;
• December 24, Tuesday, 3 P.M. (UTC) — publication of new home sales in the United States in November;
• December 26, Thursday, 13:30 (UTC) — publication of the number of initial applications for US unemployment benefits.
*This post is not a financial recommendation. Make decisions based on your own experience.
#analytics
BITCOIN Will Go Up! Long!
Take a look at our analysis for BITCOIN.
Time Frame: 17h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 95,774.
The above observations make me that the market will inevitably achieve 103,155 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Gold Trading Strategy 12/23Last Friday, we successfully hit our long target in the 2623-2632 range, after which gold faced resistance near 2632 and pulled back.
With no major news over the weekend, the focus shifts back to technical trading. For this week, we are mainly looking at:
Long positions in the 2615-2605 support zone.
Short positions in the 2636-2648 resistance zone.
Key Considerations for the Week:
Pay close attention to the support and resistance lines . Any breakout above or below these levels will require a quick adjustment to your trading strategy.
Stay vigilant and be ready to adjust positions as market conditions evolve.