28R BTC LongExpecting a move up to approx $100k.
I think this 3 wave move down (white pattern) is a bullish pattern for short term price action so I’m looking for lower time frame entries.
Chart Patterns
Buy projectionWe will wait for the retracement the we will take our buy use the bos strategy added with fib retracement 61 zone
XAUUSD XAUUSD Gold Seems In Buy
1st Target 2640.00
2nd Target 2660. 00
To Possible Suggestions For Traders Use It And Till To Hold Until Last Target Keep Fallow
US Government Shutdown Averted: A Comprehensive Overview.US Government Shutdown Averted: A Comprehensive Overview
Background
The US government narrowly avoided a shutdown after a last-minute spending deal was passed just hours before the deadline. This agreement came after intense negotiations and a brief period of uncertainty that had federal employees and the public on edge.
Key Events Leading to the Near Shutdown
Initial Spending Deal: House Speaker Mike Johnson negotiated a bipartisan spending deal that included disaster relief funding and other provisions. However, this deal faced opposition from President-elect Donald Trump and tech billionaire Elon Musk.
Trump's Opposition: Trump demanded that the deal include provisions to raise the debt ceiling, leading to the collapse of the initial agreement.
Revised Deal: After intense negotiations, a revised spending bill was passed with bipartisan support, excluding the debt ceiling provisions. This bill funds the government through March 2025.
Impact of the Near Shutdown
Federal Employees: Thousands of federal employees faced uncertainty about their pay. Essential services were maintained, but non-essential functions were at risk of being halted.
Economic Effects: Analysts projected that a prolonged shutdown could reduce GDP growth by 0.15 percentage points for each week of closure. However, the impact is expected to be temporary, with a potential boost in GDP growth once the government reopens.
Market Reactions: The stock market experienced volatility during the near shutdown period, with investors closely monitoring developments in Washington. The resolution of the shutdown provided some relief to market participants.
Future Outlook
Debt Ceiling Debate: The issue of raising the debt ceiling remains unresolved and is expected to be a major point of contention in early 2025. Lawmakers will need to address this issue to avoid another potential shutdown.
Political Dynamics: The near shutdown highlighted the divisions within the Republican Party and the influence of key figures like Trump and Musk. The upcoming administration will need to navigate these dynamics to ensure smooth governance.
Economic Policies: The Federal Reserve's upcoming rate decision and other economic policies will be closely watched by traders and investors. The government's fiscal health and spending priorities will play a crucial role in shaping market sentiment.
Latest Trading News for Traders
Stocks
Tesco's Share Price
Current Price: £3.73
Analysis: Tesco's share price is trading around an 11-year high, but some analysts believe it is still undervalued by 41%. However, rising National Insurance contributions and potential cost of living increases pose risks to its earnings.
Support Levels: £3.50, £3.20
Resistance Levels: £4.00, £4.50
Los Dos Amigos Closure
The popular Mexican restaurant in Portsmouth announced its last day of trading due to a "broken business model" in today's climate. This highlights the ongoing challenges small businesses face in the current economic environment.
Forex
FXiBot Launch
Avenix Fzco has launched FXiBot, a forex robot designed to enhance trading strategies through advanced data processing and systematic trading protocols. This innovation reflects the growing trend of automation in forex trading.
Currency Movements
USD/JPY: The USD/JPY has been on a six-day rally.
Support Levels: 1.25, 1.23
Resistance Levels: 1.30, 1.32
EUR/USD: The EUR/USD has slid after the European Central Bank's rate cut.
Support Levels: 1.05, 1.03
Resistance Levels: 1.10, 1.12
Cryptocurrencies
Bitcoin (BTC)
Current Price: $106,000
Analysis: Bitcoin has hit a new record high ahead of an expected Federal Reserve rate cut.
Support Levels: $100,000, $95,000
Resistance Levels: $110,000, $115,000
Ethereum (ETH)
Current Price: $3,900
Analysis: Ethereum prices have remained steady amid a broad crypto market pullback.
Support Levels: $3,800, $3,600
Resistance Levels: $4,100, $4,300
Commodities
Gold (XAU/USD)
Current Price: $1,800
Analysis: Gold prices have been muted as traders brace for the Federal Reserve's rate decision.
Support Levels: $1,750, $1,720
Resistance Levels: $1,850, $1,900
Oil Prices
Oil prices have been volatile due to geopolitical tensions and supply chain disruptions.
Support Levels: $70, $65
Resistance Levels: $75, $80
Indices
Nasdaq Futures
Current Price: 15,000
Analysis: Nasdaq futures have been flat after the tech-heavy index lost sight of record highs.
Support Levels: 14,800, 14,500
Resistance Levels: 15,200, 15,500
Dow Jones
Current Price: 34,000
Analysis: The Dow Jones Industrial Average has seen mixed performance, with some sectors outperforming while others lag behind.
Support Levels: 33,800, 33,500
Resistance Levels: 34,200, 34,500
Upcoming Economic Events
US Inflation Data: The US Personal Consumption Expenditures (PCE) price index is expected to be released on Friday, December 20th. This data is closely watched by traders as it influences the Federal Reserve's monetary policy decisions.
Central Bank Rate Decisions: The Federal Reserve is scheduled to announce its rate decision on Wednesday, December 18th. The Bank of Japan and the Bank of England will also announce their decisions on Thursday, December 19th1.
UK Inflation Data: The UK Consumer Price Index (CPI) is expected to be released on Wednesday, December 18th. This data can impact the GBP/USD exchange rate and other related assets..
BITCOIN PRICE BECOMING MORE PREDICTABLE ?!!The The traditional-PBT Has been doing great with BTC Lately, I came across a 3PB On the Daily and I'm taking My chances on it. The PBT is a Self Taught strategy I been developing and creating until its been mastered and becomes 2nd Nature to me Before Sharing the Fine Details with teh World !!.
btcwas exspecting a small move up to find a sell entry but it didnt play out as expecting.
this looked like a b wave and i changed thus changing my bias to my previous idea and looked for buys on the lower tf
Review and plan for 23rd December 2024Nifty future and banknifty future analysis and intraday plan.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
cup and holder pattern for shibashiba is making an interesting and profitable pattern that u can't miss it.
first of all shiba dumped for 70% and it makes the cup
then dumped again to create a holder. as u can see my trigger I'll enter in there.
here we have 3 kind of tp
1:fibo:u can get ur profit by fibo.
2:measure trding: u can see it.
3: max tp:it can touch the piror high. maybe like FO or ENG but with low possibility.
don't forget to tell me ur idea and boost this post.
bye {;
EURAUD UpdateEURAUD pair has formed a valid ascending channel with 3 touches till now and we're waiting for the 4th
Also this pair has broke the resistance zone 1.6565 so we're waiting for a retest and in the same time it will be our 4th touch of the channel
Once this pair hits the price we will be looking for long (buy) position
and we also will be waiting it to break with an H4 candle below the 4th touch to enter a short (sell) position
Trade safe Family and follow us for more updates
The Fibonacci golden ratio (commonly 0.618 or 61.8%) Always PlayThe Fibonacci golden ratio (commonly 0.618 or 61.8%) is a powerful concept in trading and is often used for identifying potential reversal or continuation zones. However, while it is highly effective, it doesn’t always work, as no tool or concept in trading guarantees 100% accuracy. Here's why:
Why Fibonacci Golden Ratio Works:
Natural Patterns: The Fibonacci ratio is rooted in nature and psychology. It reflects patterns that occur in financial markets as traders’ behavior often aligns with these ratios.
Support and Resistance: The 61.8% retracement level frequently acts as a strong support or resistance zone where price reacts.
Widely Used: Many traders use Fibonacci levels, which makes them self-fulfilling to some extent.
Why It Doesn't Always Work:
Market Conditions: Fibonacci levels may fail in choppy or sideways markets where clear trends or retracements don’t exist.
Lack of Confluence: A single Fibonacci level without other confirmations (like trendlines, candlestick patterns, or volume) might not hold.
External Factors: Sudden news, macroeconomic events, or unexpected volatility can overpower technical analysis.
How to Make It More Effective:
Combine with Confluences: Use Fibonacci retracements with trendlines, candlestick patterns, moving averages, or RSI divergence for higher accuracy.
Check Market Context: Apply Fibonacci in trending markets where retracements are more predictable.
Backtest and Refine: Analyze past data to see how well Fibonacci levels align with price action in the assets you trade.
HBAR Breaks Out with Bullish Momentum: New Highs Incoming?HBAR has broken out of the descending channel, showing strong bullish momentum. The price is trading well above the 200 EMA, which supports the continuation of the uptrend.
A breakout like this often indicates the start of a new leg higher. Monitor for confirmation and potential pullbacks to the breakout zone as a retest before further continuation.
XAUUSDHello Everyone
For Trading Idea I have mentioned Next Day Target so Which YOU can Trade.
Buy Area 2616.00
Best Buy Area 2610.00
Target 2640.00
Ill Update the idea and will let know Long term .
WBA - Potential 3x from here - Support from 1970Wallgreens at a potential major bounce spot. RSI support hit support from 1970, WBA vs SPX hit support from 1977 too, I like the area for a r/r at least. I would buy around here $9.19 with a stop below the recent low of $8. First target $21
Timelapse of ETH's Daily ActionTimelapse of ETH's Daily Action 🎥📉" Post: "See how ETH's daily price action played out in this timelapse! 🌟
📍 Annotated with crucial support and resistance levels.
🔎 Were these levels respected or ignored?
Dive in and comment your analysis below! #ETH #Crypto #Trading"
ETH Daily Action Levels Annotations
Highlight key support and resistance zones.
Annotate consolidation areas to identify possible accumulation or distribution phases.
Mark breakout or breakdown points, especially where trends began or ended.
Gold Analysis Today (XAU/USD)XAU/USD is moving within a parallel channel in a 'bearish trend,' which formed as the price touched the channel borders three times since last week.
The price is currently testing the upper border of the channel and is preparing to rebound. We recommend opening a sell order as mentioned in the previous analysis.
XAUUSD/GOLDHi Traders
Here Is Forecast of XAUUSD GOLD To Buy Side in Short Term.
may Price will Testing To Support 2610/08 After Grow Again.
if the Price will Up From 2620 Then Next Target 2635 What's are Your Thoughts about GOLD.
Lets Like and Comments And also Share your Idea In Comments.
Timelapse of BTC's Daily ActionBTC Daily Action Levels Annotations
Highlight major support and resistance levels in the timelapse.
Annotate key pivot points where the price action reversed or consolidated.
Mark critical breakout and breakdown levels with arrows or boxes to emphasize their impact.
"Timelapse of BTC's Daily Action 🎥📈" Post: "Watch BTC's daily price action unfold in this timelapse! 🚀
📍 Key levels annotated to showcase their significance.
🔍 Did the market respect these levels, or did it break away?
Share your thoughts below! #BTC #Crypto #Trading"
EURUSD Bearish PatternHi Traders
Here is Analysis of EURUSD as small Sell side Pattern. The Price is Testing the Correction Phase after move in the Selling Zone.
if the Price will Break Through 1.04300 Then Support 1.02990.
What's are you Thoughts About EURUSD
Lets Like and Comments share your idea in Comments.
Profit taking planAfter the trump rally i think we might see a fomo pump along with it then massive dump mid to late feb or March. So major profit taking target should be 130-150k range. Because you can never really measure where a market tops out long term.
VARAUSD Breakout InevitableSee lower time frame movement prediction as volume picks up. The order wall currently supressing price to the current bear flag is dissolving quickly at the upper level of the micro channel. If demand continues which I believe it will, we will have another retest of $0.035 - $0.045 region of the map where major trapped longs exist.
ETH setting up for a nice year aheadETH looks to be entering into another year long bull run. Looking for one more pull back to give the best entry at or below the bottom channel of the trend. We've been in this ascending triangle since May 2021 so it going to break strong when it does break out of the triangle. 2025 looks like it will be great for ETH!
peaq - 24-12-2024I expect a nice breakout to the upside for peaq. Let's see in the next few days what happens!
XAUUSD (Gold) ANALYSIS READ MY CAPTIONHello traders look at my chart and share your ideas about it .
Gold is running around the 2621-2610, after retracing the first Resistance gold is trying to move to support one , you can identify the perfect entry from the given chart you may go long from support 1 and 2 or you may go short from resistance 1 and resistance 2.
KEY POINTS:
Support 1 : 2607-2608
Support 2 : 2684-2682
Resistance 1: 2633-2634
Resistance 2 : 2660-2663
Demand zone : 2700-2698
Further you can check my chart and share your ideas about it, follow me for timely updates
