Merry Christmas & Happy New Year 🎄🎁☃️
Hey traders,
That year was one of the hardest ones in my trading career.
And I can not even tell you what has changed exactly. Just it looks like this trading year was a bit different:
the markets were simply reacting to key levels in a bit different manner, the price action patterns were not that accurate & volatility was insufficient.
I tell you that just to let you know that if you were struggling this year with your trading, you are not alone. We are in the same boat and the only thing that makes us stay afloat is the fact that we never give up, we keep going no matter what. We know that at the end of the day we are always the winners. And winners win.
Next year, be a winner, be strong and consistent and the magic things will happen with you.
Merry Christmas.
Christmas
BTC: Christmas Breakout 🎄BTC has broken through our first level of resistance - the micro falling wedge that we identified as a bullish formation.
BTC is now flirting with our next level of resistance that has been respected since the 10th of Novemeber (illustrated by the blue line).
A break of 50k will signal a potential end of the recent downwards price movement, a possible outcome that is backed by our MACD indicators, which are also signalling potential bearish exhaustion.
Analysis of previos Chrristmas BTC price action shows that historically the asset can be quite boring. With the exception of course being in 2017, where bitcoin saw a significant correction follwing its 45% sell-off, rising approximatley 30% in the week that followed.
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What do you think? Will this Christmas be another boring day for Bitcoin, or will we see the start of a new bullish wave like we did in 2017?
My bets are towards the upside!
Holiday Consolidation RangeWe are close to Christmas weekend, markets are trading in a sideways range. EurJpy seems to be at the higher end of the range, we are looking to target shorts to the bottom end of the range around 128.800. Something to look out for during these times are random volatile spikes in price, make sure stops are well placed because the market will spike up or down to catch pending market orders.
Adani Port ? What to do in this falling market ???Adani Ports and Special Economic Zone Limited
Trend Analysis:
After a fall on March 2020 due to Covid-19 stock is in uptrend and showing a resistance on two point on high of 9th June 2021 and 18th Oct 2021 From where stock has given a strong reversal.
On down Side It took support on 17th June 2021 and since then it has taken support with that trend line . It has made 5 bottom since 17th June 2021.
Now, since last swing from 30th Nov 2021 to 10th Dec 2021 stock has taken a reversal from resistance exactly at 61.8% of fibbonaci levels. RSI is also in Oversold zone below 30 in 1H time frame expecting a bounce back.
Now I strongly believe that stock can further tumble to it 78.6% of last swing and that would be a turning point of Stock where it can take support on it’s trend ( 6th Time) and can bounce back to its immediate resistance at 775.
So 715-710 would be a good buying opportunity which has a stop loss below its support at 678 for the target of 775 (Risk Approx 37 Rs . and Reward Approx 60 Rs . Per Share)
Silver Still Bullish into end of year Hey guys, this is follow up to my US100 call today linked below, I see silver falling to the support line making a big double bottom supported by strength coming back into the RSI causing a strong bull run into the new year come after. December has always been a great time to be invested in precious metals often coinciding with strong rallies, I think most people understand that the fed is behind on tapering and will speed up but I doubt they will sped up enough on there policies so maybe this could be a reason for a flock to precious metals as a flight to safety for next year. First target is 10.7% away from the support line where we have had previous support and resistance and by the time we get there the 150 EMA will Also be there acting as resistance. But I stress wait for Gold to confirm this trend and watch the gold/silver ratio seems to be topping so silver will outperform gold here.
follow for the follow up charts coming throughout the week on where i will cover another play i have on AUD/JPY, AUD/USD, stock buys and further breakdown on possible big short early next year.
Possible Bullish run for Christmas Hey guys, Given the strength in the market yesterday at the end buying up strong we could be seeing a rejection off a new support line. I think this consolidation pattern is now in play and with the 50 EMA acting following the support line I don't think Powell will say anything that will cause the market to fall past this point with sentiment already being this bad but still I'm not going to bet until I have a follow up confirmation. This could be the start of the Christmas rally if so best bet is to buy into Silver/gold or currencies against the USD as people deploy their cash. It should rebound till resistance just short of a 7% gain by sometime in Jan and hopefully RSI comes back to the down trend line, if so that would be a great short opportunity as Fed might have to raise rates early. I'm going to do some follow up charts explaining this as it happens so please follow to keep up to date.
Just to clarify I do still think we are in a Bubble that will pop sometime early next year and with all the high growth smaller tech already going bust (Snap, TWTR, DOCU, PTON, Zillow, etc) being very similar as the 2000s crash. But this wont happen until the fed starts raising rates and they wont admit it until they dont have choice.
Possible Price Action For BTCGiven the respect the 0.75 fib speed fan was shown on the recent drop in price to the 41k area, and the responses we are currently seeing from the 0.618 on the uptrend that started late July. I will be keeping an eye out for the 0.681 speed fibs that will cross on Christmas eve eve (23rd) and the 0.666's that will cross on New Years Day for a possible range to one of these points before the next point of major price exploration.
BTC On Head
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BTCUSDT - Daily
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As Christmas approached, the money went out of the market.
And we will probably still have more money coming out and the market will move sideways.
And we will not have significant movement in the market.
We may see movements in some altcoins.
But not as an Altseason.
Bitcoin seems to be completing the head and shoulders pattern.
In this case, we will see the price move down.
Of course, after a little upward movement.
WISH GOING HIGHER BABYHOLD THE GAP RIP THE SHORTS. CHRISTMAS TIME IS HERE BAYBAY
top of the gap test now. Should see move my dude
Merry Christmas SANTA Coin Is Coming To Crypto!So I'm not a shitcoin maxi lol kidding nothing in my eyes is ever a shitcoin. I look at all projects with potential. With that being said if this is not a rug-pull the project seems to be fit for the holiday season. I'm not affiliated with this coin so this is not promo in any way. If you would like more information on it look it up and do your own research. If it takes off could be a nice Christmas for some! 🎄🎁🎅🏾🚀
THIS IS NOT FINANCIAL ADVICE! PLEASE DO YOUR OWN RESEARCH.
Christmas Tree Pattern Formation
hey traders,
This year we faced a lot of obstacles and problems. For many this year was phenomenally hard.
There is a famous quote by Marcus Aurelius “The impediment to action advances action. What stands in the way becomes the way.”
In any obstacle, there is an opportunity. What we should be doing, we should look at every obstacle that we face as an opportunity for us to grow and to make us stronger so that we can turn that into an opportunity. Every obstacle is the way forward.
I wish you all a lot of opportunities next year.
Merry Christmas!!!