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Fibonacci

Kusama's Potential Profits Amidst CorrectionsHi All, 👋 🚀 After the arrival of Smart Money, the Kusama market saw an upward trend 📈, which is now undergoing a correction 🔄. Predicting the exact level at which the price will react or if it will surpass previous levels is challenging. It depends on the buying power and pressure of investors 🏦. However, there is potential for a movement yielding a 70-100% profit 💰. Despite the promising outlook, it's crucial to avoid gambling 🎲 and always invest or trade with a risk and capital management strategy 📊 🌐 Kusama and Polkadot are both independent blockchains, but they are closely related. Kusama serves as a "precursor" or test network for Polkadot, allowing developers to test projects in a lower-risk environment 🧪. They share a common infrastructure and work on "shared security" and "cross-chain communication" 🔗. Kusama offers a more experimental environment 🔍, resulting in a higher number of projects compared to Polkadot. Notable projects on Kusama include parachain networks and decentralized applications like Karura, a DeFi platform 💻 Good luck, everyone! 🍀✨ Happy Investing All, ❤️ Armin
Long
by ArminAcademy
2
GBPUSD Weekly: Retracement or Just Playing Hard to Get?Halamakkkk, I thought I was going to have a nice 2-3 weeks break from looking at the chart! But clearly, the weekly chart is playing with me. The weekly chart really confused me because last week the market closed with a so-called "Inverted Hammer," meaning the seller momentum is still there to push it further downward. But at the same time, the market is also showing that it closed below the Bollinger Band, which means it's oversold! Think, think, think. But but but buuuuttttt, the risk-reward for this to be a BUY is too good to ignore. So, on Monday I’ll set a pending order with Entry point on 1.21700, SL on 1.19411 and TP on 1.26000. The TP might change if it doesn't hit by end of Friday. Entry 1.21700 SL 1.19411 (Weekly fibo 1.414) TP 1.26000 (Weekly REE point) Weekly chart
Long
by Penglipur_Lara
1
GOLD trade for 12 to 17 january both buy and sell trade Market should be getting back to normal this coming week/ Heres a trade idea based on 4 hour time frame and key levels of both support and resistance. My plan is to sell gold down to previous resistance level and then on rejection to buy it back up to 2720 level for 132 pips on the sell and 445 pips on the buy. Entry criteria is as usual wait for levels , secure profit on the way in case of retest of previous levels. Last weeks trade ran over 400 pips . use caution and respect the levels dont overleverage. This is not finincial advice mearly my thoughts on market movements/
OANDA:XAUUSD
by F0rexBorex
GOLD short We are currently at a point of Bearish Change of character Forming for Gold and at the top of the ascending Channel for this Move. Gold has made a move outside of the Larger symmetric Triangle ( See current Gold idea on profile ) but This was not accompanied by strong volume nor has it been decisive. Gold will Move down towards its 100SMA confluencing with the Bottom of the Price channel, which will allow us to Accumulate Gold at cheaper prices as we have been doing for a long time for the coming move to 3200. But currently Gold faces a short term correction Which we will take advantage of
OANDA:XAUUSDShort
by EliteMarketAnalysis
4
Why Bitcoin is going down, Reason? - fxdollars- {13/01/2025}Educational Analysis says BTCUSD may move DOWN from this range, according to my technical. Broker - COINBASE Because the BTCUSD pair showed some bullish weakness, it finally did liquidity, which was taken out on buy-side orders to show a sign of a downtrend, and I am looking to counter-trend this position. Let's see what this pair brings to the table for us in the future. Please check the comment section to see how this turned out. DISCLAIMER:- This is not an entry signal. THIS IS ONLY EDUCATIONAL PURPOSE ANALYSIS. I have no concerns with your profit and loss from this analysis. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars.
COINBASE:BTCUSDShort
by VishalBudhrani
Progressive Corp Progressively Degrading. PGRThere is a confirmation of short enter with break of the most recent lows. Fibs are indicative of some of the goals. I've decided to bring this example forward, as it is evident how a pure indicator based approach would be detrimental. In this case, you would thing the position in building stochastically and volatility wise giving a false sense of a likely long. Always consider price action beyond the pure mechanical indicator based approach, which are almost always of the lagging variety.
NYSE:PGRShort
by Rykin_Capital
Anticipating a Drop on Goldman. GSIt is looking like a start of Wave 3 or C, as per Elliott. We are inclined to believe that the drop will be impulsive, secondary to a short time in the correction post Wave 1 (or A), suggesting Wave 2 completion, rather than B. Technically, stochastics and volatility zones are about to flip, momentum down going. Also, there is a cross of both the Smoother by Ehlers and MIDAS curve. This is a highly suggestive bearish picture from and eagle's eye view. Aiming to reverse position in the event of contralateral MIDAS curve cross.
NYSE:GSShort
by Rykin_Capital
1
Bitcoin is Ready to Attack Heavy Support Zone!!!Today, January 10 , key U.S. employment data , including Average Hourly Earnings , Non-Farm Employment Change, and the Unemployment Rate , were released, influencing global markets, including Bitcoin ( BINANCE:BTCUSDT ). Stronger-than-expected employment figures suggest a robust economy, potentially leading the Federal Reserve to maintain or increase interest rates. Higher interest rates can strengthen the U.S. dollar ( TVC:DXY ), making Bitcoin and other cryptocurrencies less attractive as alternative investments , possibly exerting downward pressure on their prices. -------------------------------------------- Bitcoin started to pump from the Heavy Support zone($93,400-$90,000) , as I expected . ( Bitcoin allowed us to enter a long position two times .) Bitcoin is moving near the Resistance zone($96,800-$95,520) , the upper line of the Ascending Channel , and near the 50_SMA(Daily) . According to Elliott's wave theory , Bitcoin seems to complete wave C of Zigzag waves(ABC/5-3-5) . At best, wave C could rise to $99,000 (but unlikely). I expect Bitcoin to go down based on today's US employment data and the fact that the U.S. DoJ received court approval to sell 69,370 BTCs . Bitcoin will attack the Heavy Support zone($93,400-$90,000) again soon, and this attack may be able to break this zone . ⚠️Note: If Bitcoin goes above $99,000, we can expect more Pumps.⚠️. ⚠️Note: We should expect more dumps if Bitcoin touches $93,500 before reaching the Resistance zone($96,800-$95,520) again⚠️. 🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏 Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰. 🔔Be sure to follow the updated ideas.🔔 Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
28
Natural Gas weekly levels with both buy and sell entriesNatural Gas weekly levels with both buy and sell entries. We have seen a bullish move on Gas this week closing at the highs of 3.703/ In the coming week it could deliver a brealput and trade at $4.0 level/ Look at the moving averages yjese have crossedd over and are trading with divergence and bullishness. RSI is looking upwards and in the near term should deliver in the overbought zone. I have given both buy and sell entries to be treated as scalping entries especially if selling for short term profit. Worth noteing that the fibonacci levels are nearly exactly lining up with our entries on both buy and sell levels. As always take caution, trade with approprate lot size use a stop loss. The opinions above are not finincial advice mearly my own thoughts on what i think natural gas will reach this week/
CAPITALCOM:NATURALGAS
by F0rexBorex
1