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BUY XAUUSD (GOLD) - Top down approach explainedTrader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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Analyzing Coffee Futures: Key Insights for Traders and InvestorsICEUS:KC1!
The coffee futures market has recently attracted attention from traders and investors due to significant price movements. On December 10th, the commodity reached new historical highs, surpassing a record set in 1977. This post will analyze the current trends in coffee futures, key technical patterns, and provide insights into what may happen next for this important commodity.
Coffee Futures at a Glance 📈
New Historical Highs:
On December 10th, coffee futures hit $348, breaking the previous record of $339 set in 1977.
Key Technical Patterns:
A bearish crab pattern has formed at the $333 level, suggesting potential downside risks.
The Case for a Pullback or Consolidation 🔄
After reaching new highs, the coffee market could face a period of consolidation or a potential pullback. It’s not unusual for commodities to experience a cooling-off phase after such a strong rally. In this case, the price of coffee could correct lower, especially after a sharp upward movement.
Bearish Crab Pattern at $333
The formation of a bearish crab pattern at $333 suggests a possible downward movement.
A deeper pullback could take the price as low as $269, representing a 16% drop from current levels.
This potential correction is supported by technical analysis, including Fibonacci retracement levels.
Divergence Signals Indicating Weakness ⚠️
Another key factor to consider is the divergence in market indicators. Since the highs of April last year, there have been consistent signs of divergence, particularly with the Relative Strength Index (RSI). The latest price peaks have failed to match new RSI highs, signaling weakening momentum.
Factors Driving Potential Downside Pressure ⬇️
New Historical Highs:
While reaching a new high is exciting, it often leads to a correction or profit-taking, especially after a strong rally.
Bearish Divergence:
The failure of the RSI to match price highs is a classic signal of weakening buying pressure.
Bearish Crab Pattern:
This technical pattern, formed at the 1618% Fibonacci extension, further supports the case for a potential downturn.
What’s Next for Coffee Futures? 🔮
The outlook suggests caution in the short term. The combination of new historical highs, bearish divergence signals, and the formation of a bearish crab pattern presents a strong case for a pullback or period of consolidation. The potential target for this correction could be as low as $269, a significant drop from current levels.
However, as always, it’s important to stay alert and monitor the market closely for any changes in momentum. Technical indicators and patterns like the ones discussed here can provide valuable insights, but the market can be unpredictable. Traders should consider these insights while managing risk and staying prepared for potential shifts in the market.
For further updates and insights on the latest movements in coffee futures, stay tuned for future posts and analysis.
Happy Trading,
André Cardoso
Earnings Season Cranks Up for Gainless S&P 500. What to Expect?The S&P 500 SPX is now showing nearly zero growth since Election Day, November 5. Markets were euphoric to see Donald Trump win the White House for another four years and pushed the S&P 500 to the rarefied air of 6,000 points and above. But that’s not the case anymore.
A flurry of data has poured cold water on that breakneck rally, including the latest nonfarm payrolls, which showed employers tapped a whopping 256,000 workers in December, far outpacing expectations of 156,000. The news fanned fears that the Federal Reserve might take its time in cutting interest rates — every investor’s biggest concern right now.
It’s up to the earnings season to rejuvenate a falling stock market. To many, the fourth-quarter earnings updates will be the most consequential event as it will also mark President Joe Biden’s departure and the arrival of the main character, Donald Trump.
First through the door, as is tradition, are the heavyweight players on Wall Street. This week traders will get to see the earnings results from big banks including JPMorgan JPM , Wells Fargo WFC and Goldman Sachs GS . In addition, the world’s largest asset manager BlackRock BLK will also post its performance.
The banks’ updates will provide a glimpse into investor appetite for big-shot dealmaking, business sentiment and also how daring and bold consumers were in their spending activity. Things like net interest income — how much the bank earned on interest after paying out deposits — will be a key gauge for the banking system’s health.
Here’s what’s coming from Wall Street’s household names (and some extra).
➡️ Wednesday, January 15, before the bell:
Citi C
Goldman Sachs GS
JPMorgan JPM
Wells Fargo WFC
BlackRock BLK
Bank of New York Mellon BK
➡️ Thursday, January 16, before the open:
Bank of America BAC
Morgan Stanley MS
U.S. Bancorp USB
Other earnings include UnitedHealth UNH .
Once markets digest the updates from the lending giants, the focus will shift to the next big thing — the Magnificent Seven . It’s a high bar once again for America’s most powerful corporate juggernauts.
Investors expect Mag 7 earnings to be up 22% from the same period last year while revenue is eyeballed to have grown 12.3%. The consensus views follow the elite club’s 32.9% earnings jump in the third quarter on revenue increase of 15.4%.
Fun fact: the Mag 7 members accounted for 23.1% of all profits in the S&P 500 for the quarter ending September. For the three months to December, they are expected to consume about a quarter of the earnings pie.
And for 2025, their market cap is projected to devour more than one-third of the S&P 500’s value, which is around $50 trillion. For the tech geeks, here’s the Mag 7 earnings slate:
➡️ Wednesday, January 29, after the closing bell:
Microsoft MSFT
Facebook parent Meta META
Tesla TSLA
➡️ Thursday, January 30, after the closing bell:
Apple AAPL
Amazon AMZN
➡️ Tuesday, February 4, after the closing bell:
Google parent Alphabet GOOGL
➡️ Wednesday, February 19 (tentative), after the closing bell:
Nvidia NVDA
Overall, the foresighted market gurus (i.e. the analysts) expect all companies in the S&P 500 to report a roughly 12% advance in quarterly profits compared to the year-ago quarter. For 2025, the consensus call is a 15% increase in corporate profits from last year.
There are, of course, the permabears among us who spell doom and gloom. They say that Donald Trump’s proposed tariffs could hinder corporate growth by raising prices for US companies that rely on overseas products. And if those companies decide to pass these costs to customers, then inflation might rear back up, throwing the markets into another painful cycle of higher interest rates.
What’s your take? Are you optimistic about the corporate earnings season? And are you excited to see more growth in 2025? Share your thoughts in the comments and let’s spin up the discussion.
Are CL Futures starting a new bull trend in 2025?Crude Oil WTI Nymex Futures
NYMEX:CL1!
Big Picture:
Crude Oil WTI NYMEX Futures Update – January 2025
Crude Oil WTI NYMEX futures are trading higher, with bullish price action evident at the start of 2025. Price has broken above the 2024 Composite Value Area High (CVAH) and is now approaching the Composite Value Area High from the 2022 high, as shown in the chart above.
Macroeconomic Outlook
From a global perspective, persistent inflation may be supported by elevated commodity prices. Higher crude oil prices, coupled with potential trade wars and tariffs, could drive up costs in major sectors, such as rare earth minerals.
In this scenario, we anticipate central banks, including the Federal Reserve, maintaining higher interest rates. We believe the previously expected two rate cuts of 25 basis points each for this year may be reduced to zero. However, this creates a challenging environment for central banks. A combination of sticky inflation, resilient job markets, and low unemployment could lead to a "goldilocks" scenario. Recessionary risks will be increased unless some means of fiscal policy measures provide further support to the US economy.
Key Levels to Watch
Key levels represent areas of interest and zones of active market participation. The more significant a key level, the closer we monitor it for potential reactions and trade setups in alignment with our trading plan.
CVAH: 79.50
Resistance R1: 79.50 – 79.85
Resistance R2: 81.30 – 81.60
Neutral Level: 78.77
CVAH 2024 / Support: 75.00
Support (Yearly Open): 71.85
Scenario 1: Exhausted Buyers, Mean Reversion
In this scenario, we anticipate range-bound price action, offering a potential short opportunity if buyers appear exhausted. Price action and volume analysis would need to confirm this. Look for absorption around the neutral zone or below R1/CVAH, with prices failing to push higher. A lower high and seller dominance would confirm a mean reversion short setup.
Scenario 2: Breakout Above CVAH
A confirmed breakout above CVAH could indicate further bullish price discovery and the potential for a new uptrend. Consolidation above CVAH followed by strong price action would provide a trigger for long positions. However, significant resistance at this level necessitates confirmation via price action and volume analysis before taking action.
Scenario 3: Swing Failure at CVAH
In this scenario, prices rise above the neutral zone and R1/CVAH, but sellers regain control, pushing prices lower. A swing failure candle with a long wick near the resistance zone would indicate the failure. A subsequent higher low could present a short opportunity for a mean reversion trade.
We encourage you to monitor these levels closely and incorporate them into your trade planning. Share your thoughts or insights on these key levels in the comments below.
Lucid Stock Dips Under $3 Ahead of Big Milestone—Should You Buy?Lucid Motors, the Saudi-backed luxury EV startup, is approaching its make-or-break moment. After the company exceeded its production target and delivered a record number of Air sedans, its first and only model, Lucid is getting ready to release its SUV, the Lucid Gravity. Game changer? Or more like... game on? Let’s find out.
Lucid stock LCID slipped under the $3 handle on Wednesday after it had advanced all the way to $3.60 on the upbeat news that it delivered a record number of luxury EV sedans in the fourth quarter.
Lucid, which is backed by Saudi Arabia’s sovereign wealth fund, delivered a record 3,099 Air sedans in the three months to December, up from 2,781 units in the prior three-month stretch.
What’s more, Lucid exceeded its own production guidance for 2024 — 9,029 slick-looking wheels rolled off the assembly line, surpassing the 9,000 projected. Deliveries for the full 2024 came in at 10,241.
Now, the next milestone looms. The commercial launch of its sports utility vehicle (SUV) — Lucid Gravity is nearly here. The bad boy is already available for purchase and it’s getting ready to hit the roads in the coming weeks. The company kicked off production on time, as promised, before the end of 2024 and opened the hotline for orders .
The Gravity SUV is charged up to the teeth, able to drive farther than any Tesla TSLA . A unit of the higher-spec grade will run you about $95,000 and flexes 450 miles (roughly 720 kilometers) on a single charge, compared to Tesla’s max range of about 350 miles (560 kilometers). As a bonus, it boasts ultrafast charging times.
“We have achieved this with an impressively small battery pack compared to competitors. This is critical to preserving earth’s precious resources,” CEO Peter Rawlinson said in a statement on Monday.
Now let’s talk share price. The soft launch of the Lucid Gravity, followed by the record Q4 delivery figure fueled a wave of buying. In December alone, Lucid shares added more than 40% to their valuation, going from $2 to around $3.
But that’s 70% lower than the stock’s price tag on the first day it floated shares back in 2021 via a SPAC reverse merger. In all fairness, it’s excruciatingly difficult to navigate the challenging EV market , not to mention the vast universe of auto makers . And Rawlinson already knows it — he is the former Tesla Model S chief engineer.
Investors are ramping up hopes that the commercial release of the Lucid Gravity will help lift up the languishing share price. The company, however, is expected to continue burning cash (i.e. no profits any time soon) for the sake of expanding its production and maintaining sales growth. For the third quarter of last year, the net loss was $992.5 million, up from $630.9 million in the year-ago quarter.
Now everything hinges on the new SUV and its appeal to customers. The next step is to get it inside more than 50 showrooms for test drives, marketing and sales.
“Once we have produced those vehicles, we’ll start delivering to a broader group of customers. This is just the beginning,” Rawlinson wrote in a post on LinkedIn last week, promising a “remarkable 2025.”
So should you buy the shares? Here’s what Lucid got going for it.
🚀 The bullish case:
Affordable share price — retail traders can scoop up in boatloads
Tiny market cap of $10 billion — lots of room for potential growth
Backed by the Saudi monarchy — lots of cash to support the biz
Advanced EV battery technology — company can cut edge and innovate
Advanced, luxury EV niche — premium, high-performance models
Range above anything the EV market can offer — Tesla is in the dust
Scalable product line — Lucid plans to roll out sub-$50,000 models in 2026
💥 The bearish case:
High capital expenditures — low-hanging fruit here, Lucid spends a lot
Hasn’t been around for very long — making cars since 2016
Lacks the Lindy effect — uncertain likelihood of continued cash flow
Limited customer base — it’s a high-end product in a tough market
Pricing wars — competitors with more affordable EVs could limit Lucid’s market share
Concentration risk — Saudi Arabia’s Public Investment Fund (PIF) owns roughly 60% of Lucid and may decide to stop or reduce its cash injections
Prone to speculation — tiny market cap makes the stock vulnerable to swings (is that really bad, though?)
So is Lucid a gem for the diamond-handed, a rocket to the moon or a bag-holding investment? What’s your take? Share your thoughts below!
GBP/CAD - Triangle BreakoutThe GBP/CAD pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation.
Target Levels:
1st Support – 1.7787
2nd Support – 1.7722
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BITCOIN Cycle Top can be as high as $200kBitcoin (BTCUSD) has started 2025 on high volatility amidst geopolitical and economic news input. 2025 is the last year of this Bull Cycle, according to the Cycles Theory which for more than a decade has been very accurate at predicting Cycle Tops and Bottoms.
** LGC, MMB and Pi Cycle *
On today's analysis we present to you this view in more detail by displaying Bitcoin's Logarithmic Growth Channel (LGC) with the addition of the Mayer Multiple Bands (MMB) and the Pi Cycle trend-lines. From the MMB we use its extremes, the 3SD above (red trend-line), which is the Mayer Top and the 3SD below (black trend-line), which is the Mayer Bottom. From the Pi Cycle we use a tighter range, its top trend-line (orange) and bottom trend-line (green), which form a zone that typically serves as more of a 'Fair Value' before the Bear Cycle's extreme selling and Bull Cycle's extreme buying (Parabolic Rally).
** Current Cycle in 2025 **
As mentioned, BTC has entered the last year of its current Bull Cycle. Based on this cyclical pattern, the 3 previous Tops have been either on a November or December. As a result, we expect the new Cycle Top to start forming by November 2025. The last one was formed above the Pi Cycle Top (never hit the Mayer Top) and on the 2nd LGC Zone from the top.
This suggests that even if the price barely tests the bottom for the LGC 2nd Zone from the Top, by November 2025 we should be close to $200000. Technically the projected Peak Zone should be within the 180k - 200k range. That may still be below the Pi Cycle Top, so technically we can argue that it is a fair scenario to expect and not an overly optimistic.
Unrealistic or not, this is what 3 separate traditional long-term models suggest.
But what do you think? Is a $180-200k Top a realistic expectation within 2025? Feel free to let us know in the comments section below!
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"A familiar setup playing out in real time." Oh, this setup is textbook, and it’s got that “fool-me-once” vibe written all over it. See that blue circle? That’s a classic squeeze on the correlation—pressure cooking under the surface, waiting to blow. And when it pops, price has no choice but to follow, just like those yellow moves laid out perfectly before. It’s a familiar tune with a fresh beat, and I’m all in for the ride.
Now, everyone’s shouting bearish, headlines are screaming “doom and gloom,” but you know what? That’s fake news. This dip? It’s bait—a straight-up bear trap. And while everyone else is sweating, I’m grinning. Why? Because the VWAP is whispering the truth—a clean golden cross brewing right in front of us. You don’t ignore a setup like this. You ride it.
Here’s the kicker: this isn’t some random coincidence. That squeeze and KC tightening? It’s a familiar setup in high definition. — a repeating pattern that’s ready to do what it always does. The market’s playing checkers, but this setup is straight-up chess. I see the trap, I see the squeeze, and I know exactly how this game ends—bulls breaking free and price ripping higher.
GOLD NEXT MOVE (wait for the perfect selling area) (08-01-2025)Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (08-01-2025)
Current price- 2657
"BIAS will be published in the update section ".
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more than 1% of principal to follow any position.
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Wells Fargo & Company: Here's Why Investors Shouldn't Miss Out!Hello,
Wells Fargo & Company is a financial services company. It provides a diversified set of banking, investment and mortgage products and services, and consumer and commercial finance, through banking locations and offices, the Internet
www.wellsfargo.com) and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in countries outside the United States. Its segments include Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking, and Wealth and Investment Management. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services to affluent, high-net worth and ultra-high-net worth clients. Commercial Banking products and services include banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management.
TECHNICAL ANALYSIS- Checklist
1.Structure drawing (Trend line drawing on past price chart data)- As shown below
2.Patterns identification (Naming patterns on past price chart data for future wave)- The price is currently correcting & filling the Nov 5th gap.
3.Future indication (Reading indicator for future wave)- 0 crossover on MACD.
4.Future wave (Drawing on future price chart using future indication from indicator)- As shown
5.Future reversal point (Identifying trend reversal point on price chart using structure)- Target price $90
FINANCIAL SUMMARY
BRIEF : From 2018 to 2023, total revenue increased overall from $96.25 billion to $116.22 billion, though it dipped in 2020 and 2022; net interest income fluctuated, starting at $49.99 billion in 2018, dropping to $35.78 billion in 2021, then recovering to $52.38 billion by 2023; meanwhile, net income was highly variable, peaking at $19.55 billion in 2019, significantly dropping to $3.38 billion in 2020, before soaring to $1.914 billion in 2023.
Risks to consider
•Revenue growth has become challenging at Wells Fargo. Though the Federal Reserve cut the interest rate by 50 basis points in September 2024, the bank’s Non-Interest Income may continue to face challenges in the near term as stabilizing funding costs might take time. The company is trying to increase fee-based income sources, but it will take some time to reflect in its financials. Hence, top-line growth is less likely to improve in the quarters ahead.
Q3 EARNINGS SUMMARY (Date of release 11.10.2024) (Next report date Jan 15,2025)
•Wells Fargo reported a net income of $5.1 billion down from 5.7 billion in the same Quarter last year 2023.
•Total revenue decreased to $20.37 billion, down from $20.86 billion in Q3 2023.
•Non-interest expenses were slightly reduced to $13.07 billion, compared to $13.11 billion a year earlier.
•The provision for credit losses was reported at $1.07 billion, down from $1.20 billion in Q3 2023.
•Average loans were $910.3 billion, a decrease from $943.2 billion.
•Average deposits increased slightly to $1,341.7 billion, compared to $1,340.3 billion.
•The bank repurchased 62 million shares, totaling $3.5 billion in Q3 2024.
•Return on Equity (ROE) was at 11.7%, down from 13.3% in the prior year.
•Return on Average Tangible Common Equity (ROTCE) decreased to 13.9%, from 15.9%.
•Consumer Banking and Lending revenues decreased by 5%, primarily due to lower deposit balances.
•Commercial Banking revenues showed a slight decline of 2%, while Corporate and Investment Banking revenues remained stable.
•CEO Charlie Scharf highlighted ongoing investments in diverse revenue sources, with fee-based revenue growing by 16% during the first nine months of the year, largely offsetting net interest income challenges.
Our recommendation
Wells Fargo reported third-quarter earnings of $5.1 billion, which included a one-time loss of $447 million ($0.10 per share) due to adjustments in their investment securities portfolio. Despite this setback, the bank's strategic realignment is expected to bolster future interest income. Over the past year, Wells Fargo's stock has corrected -12% since November 2024 giving us a great entry opportunity. Key to note is also that Wells Fargo’s Share Repurchase has been performing a share repurchase program. In the reported quarter 3 2024, Wells Fargo repurchased 62 million shares, or $3.5 billion, of common stock.
From a technical perspective, the recent correction in the Wells Fargo & Company stock provides a perfect entry point for this stock. The stock has approached its moving averages, which often signals potential support levels. Additionally, there's an anticipation of a zero crossover on the MACD (Moving Average Convergence Divergence), an indicator used to spot changes in a stock's momentum, suggesting a possible shift from bearish to bullish trends. This combination of technical signals indicates that the stock might be at an advantageous point for entry. Our target for this stock is at USD 90.14 with a buy at USD 71.31.
Looking ahead, external factors like the election of Donald Trump and Republican control of Congress present potential opportunities for the U.S. banking sector, evidenced by a post-election rally of over 10% for many bank stocks. While valuations in the sector range from fair to slightly overvalued, easing capital regulations—such as the revised Basel III proposal that lowers capital requirements for large banks—could spur balance sheet growth, profitability, and shareholder returns. The proposed law revisions to reduce capital requirements and a more conducive environment for mergers and acquisitions could enhance profitability and shareholder returns. Our recommendation is Buy on this stock.
Bitcoin: Bullish Until 90K Is Broken.Bitcoin has found support in the low 90K area (read my previous week's analysis). As long as 90K stays intact it is within reason to continue to have bullish expectations. Also wrote in the previous article that overly optimistic expectations are not in line with the developing price structure. Based on the inside bar formation that is developing now (see arrow), price is likely to test the 102,500 area minor resistance. IF it gets there, and what happens after is anyone's GUESS. The idea here is to be prepared for the coming week by coming to the market with a sense of context while at the same time being open to ANYTHING. The market decides what actually happens, the only thing we can do is adjust and follow.
I like to think of everything within a limited range of scenarios. "If this scenario, then that" or "if this other scenario, then that other outcome". For example, IF the current candle closes as a doji and the high is cleared over the next day, price is likely to squeeze into the next resistance area which happens to be in the 102Ks (see thin rectangle). This information can help you to prepare for bullish setups and confirmations on smaller time frames to capture a portion of the 4K point potential. This is where a confirmation tool like my Trade Scanner Po comes into play. You come to the market with an idea and the tool provides an objective confirmation with defined risk and profit objective.
IF the current candle develops into a bearish engulfing instead, that would cancel out the bullish idea and increase the likelihood of price retesting the 90K AREA support zone. A location where long setups should be anticipated UNTIL the level is compromised. Again the market moves first, and then from there we can better anticipate the following movement.
At this point there is not much to do but wait for a confirmation one way or the other. The 100K area may also act as a psychological resistance so taking swing trades or positions with longer time horizons carries a lot more risk compared to signals around the low 90ks.
How you navigate the market depends heavily on the time horizon you choose. Smaller time horizons have smaller associated risk, but a larger amount of noise and false signals. Larger time frames are less noisy and offer larger movements, but the risk is much greater. It is possible to operate on multiple time frames but requires a decent amount of experience.
And while Bitcoin is still generally bullish, that does not mean it will stay that way. It is better to keep an open mind than to get married to an opinion ESPECIALLY if the source of that opinion came from some "expert". For better perspective, keep an eye on the weekly or monthly time frame. If the low of the current monthly candle is compromised, some kind of corrective move is likely to follow, NOT BTC 1.2 million.
Thank you for considering my analysis and perspective.
SPY Triple Bottom, Rally time?!AMEX:SPY SP:SPX
I'd really like us to end the week above $580 in order to have this either Double or Triple bottom friends!
I could see a flash crash down to fill the price GAP at $574.81 as well.
Either way from what I'm seeing on the TVC:VIX , Economic numbers, and the charts I believe we are getting close to a bottom friends.
Consolidate down to only the best names until we receive that confirmation. They did a fake out today and another FED putting FUD into the market didn't help with the GDP projection.
Not financial advice.
Nasdaq - This Can Still Be A Fakeout!Nasdaq ( TVC:NDQ ) is starting to slow down:
Click chart above to see the detailed analysis👆🏻
A couple of months ago, the Nasdaq perfectly broke above the channel resistance trendline again, attempting the creation of another parabolic rally. However bulls are not flexing their muscles properly so this breakout attempt could still turn into a devastating fakeout.
Levels to watch: $20.000, $17.000, $30.000
Keep your long term vision,
Philip (BasicTrading)
The Best Correction for Tesla We’ve Seen in Months 🚀 The Best Correction for Tesla We’ve Seen in Months – Targeting $486! 🚀
📊 Trade Setup:
Entry Price: $380
Take Profit 1: $418.19 (previous support)
Take Profit 2: $486 (recent high)
Stop Loss: $350 (below the trend line)
📈 Analysis:
Tesla has seen its best correction in months, providing an incredible buy opportunity at a discount. The price recently hit a support level on the bullish trend line and is now showing early signs of upward movement. With a strong uptrend still in place, we’re looking for a potential move towards the previous support at $418.19 and ultimately the recent high at $486.
🎯 Targets:
$418.19: Previous support zone
$486: Recent high, key resistance level
🔹 Risk Management:
Stop loss set at $350, safely below the trend line, ensuring proper risk control.
⚡ Are you ready to ride the bullish trend with Tesla? Drop your thoughts below! ⚡
Bitcoin - Final Crash! Prepare to buy, new ATH soon.Bitcoin is ready for the final crash to around 85k! This is an excellent buying opportunity on the spot market, or you can use leverage on futures. I expect Bitcoin to hit 125k in 2025.
85k is a strong support because it's the start of the FVG (Fair Value GAP). It's the first major point and major support on this chart. Expect a strong rebound from this level. It's possible that Bitcoin will go a little bit lower to 83,842. This is also significant support because it's the 1:1 FIB extension from wave A to wave B. Bitcoin always reacts to this FIB extension; it's the most popular.
After we complete the C wave, we are ready to start a new impulse wave and start a new bull market. Also, I expect an altseason to kick in; for example, Ethereum should overpower Bitcoin. The Bitcoin dominance (BTC.D) chart is on a strong resistance.
I think the plan is clear; 2025 will be very successful! Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
HEAD AND SHOULDERS: NOT JUST A SHAMPOO Alright, traders, buckle up. 🚀 What you’re looking at isn’t just a chart—it’s a warning shot. 💥
📉 Head and Shoulders? Classic textbook stuff. But don’t get comfortable. That neckline at 68,285 isn’t just a pretty yellow line—it’s the price’s last line of defense before it nosedives into the abyss. 🕳️
Let’s connect the dots:
Momentum? Fading faster than New Year’s resolutions. 🗓️ (👀 at that RSI—she’s screaming bearish.)
Buyers? They’re running out of steam, and it’s not looking pretty for the bulls. 🐂💨
But here’s the kicker: 🎯 When (not if) that line breaks, the price could freefall faster than your hopes in a Monday morning meeting. 💸📉
So, what’s your play? 🤔
Sit there, fingers crossed 🤞, hoping the neckline holds? Or take action, position yourself, and ride the wave down like the shark 🦈 you are?
Your choice. But remember—trading isn’t about hoping; it’s about acting. 💪
Let’s see who’s ready to capitalize and who’s stuck waiting on miracles. 👀
💬 Feel free to screenshot this when the price hits new lows and say you were here first.
TOTAL2/BTC Alts showing MAJOR WEAKNESS vs BTCAlts showing major weakness against BTC by Closing the Week in this trading region which will dump them another 15-20%
If BTC and Alts perform similar to last 2 cycles then Alts would have a 125 - 175% return above ₿itcoin
Notice the diminishing returns from each cycle 🧐
On a risk adjusted basis, the chart is suggesting that in future cycles it might just be better to be in BTC than Alts😲
Solana (SOL): Formed A Fakeout / Possible Further Drop of 30%Solana coin has formed a nice small fakeout move, which resulted in the price falling back within the zones of sideways tunned that have been the Solanas golden zone for some time. Now that sellers are showing dominance, we might see some further moves to lower zones here!
More in-depth info is in the video—enjoy!
Swallow Team