BTC Possible Short-Term Scenario (Long)Sharing my view on the BTC short-term scenario.
Main idea here is to find confluence of the resistance levels using different technicals.
Fibonacci
It look bullish to me, risky at this momentbut once H4 candle closes inside the weekly range it will confirm my idea.
GBP news and FOMC tonight could be a fuel for this price move.
You are very welcome to comment with your thoughts, share your charts or questions about COT or how I came to this setup. Just comment below, I like any constructive discussion.
If we get the confirmation, I will be looking to position myself with my students and followers as highlighted on the chart.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
Updates on EURUSD continue to unfoldElection results are clear and already priced in.
But the important news for the week isn’t over yet.
Today, the FED will announce if it will lower interest rates again.
The announcement is during the US session, followed by the press conference 30 minutes later.
Watch for yesterday’s momentum to continue and a move towards 1,0616!
XAUUSD is waiting for the FOMCWhere should XAUUSD goes?
XAUUSD is currently in fibonacci 1.618 area and have the ABC movement.
After Donald Trump wins the election, DXY becomes quite strong which push the gold move downward after reaching all time high before
I am seeing XAUUSD will move up because we expect Fed will cut the rate
Waiting for confirmation in M15 to create new high and put the stop loss in 2630-2640 area and XAUUSD shuold not break the downward trendline.
Good luck!
NQ Power Range Report with FIB Ext - 11/7/2024 SessionCME_MINI:NQZ2024
- PR High: 20923.50
- PR Low: 20889.00
- NZ Spread: 77.0
Key scheduled economic events
08:30 | Initial Jobless Claims
13:00 | Fed Interest Rate Decision
14:00 | FOMC Statement
14:30 | FOMC Press Conference
AMP Futures increased margin requirements overnight
- Broke above 20800 daily pivot
- Continuing to auction above previous session high
Session Open Stats (As of 12:25 AM 11/7)
- Weekend Gap: -0.13 (filled)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 310.36
- Volume: 24K
- Open Int: 262K
- Trend Grade: Bull
- From BA ATH: -1.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 20954
- Mid: 19814
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
BTC LongLong opportunity on breaker block of 1H on the 0618 fib.
Elliot ABC retracement after breaking previous swing high
Alikze »» SKL | Wave 3 or rising C scenario - 1W🔍 Technical analysis: Wave 3 or rising C scenario
News:
SKALE to Participate in Sawadee Web3 Gaming in Bangkok on November 12th
- It is moving in an upward channel in the weekly time frame.
- It is currently in the Support Zone with the formation of a higher floor.
-The previous corrective wave has completed a full cycle in the Support Zone.
💎 Considering that the previous correction wave corrected the previous wave by 0.23 fibo and a higher floor was formed, if the candlestick is confirmed in the weekly time frame, it can enter the broken structure first by breaking the trigger line and then pullback. Ascending phase.
💎Therefore, if there is no stabilization below the area, the scenario of wave 3 or rising C with the specified targets will be accessible.
⚠️ In addition, if the Support Zone or Fibo 0.23 of the previous wave is broken, the bullish scenario will be invalidated. ⚠️
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BINANCE:SKLUSDT
End of Year Palladium Bull Run \o/From the current notation, I see this leveraged ETF on Palladium rising approximately 45% until the end of the year. The reasons are as follows:
Fundamental Factors : With increasing sanctions on Russia, one of the main exporters of palladium, global supply may become constrained. Furthermore, inflationary pressures might drive commodity prices higher. Technical Indicators : The Palladium chart has recently formed a higher high, and a higher low appears to be developing. The price has crossed above the 200-day SMA, and now the 30-, 50-, and 200-day SMAs are bullishly aligned. Seasonality: The seasonal strength in OANDA:XPDUSD is expected to begin the week after next.
So, we could get ready for rising prices in Palladium!
USDJPY Wave Analysis 6 November 2024
- USDJPY broke resistance area
- Likely to rise to resistance level 156.00
USDJPY currency pair today broke the resistance area located between the resistance level 153.25 (which reversed the pair twice at the end of October) and the 61.8% Fibonacci correction of the sharp downward impulse from the start of July.
The breakout of this resistance area is likely to further increase the bullish pressure on this currency pair.
Given the strongly bullish US dollar sentiment that can be seen across the FX markets today, USDJPY currency pair can be expected to rise further to the next resistance level 156.00, former minor support from July.
GOLD | Preparing for Short OpportunityI am looking to short gold by comparing and simulating the previous impulsive trend, expecting a similar price and time structure. Price is approaching key Fibonacci levels between 2815 and 2830, which coincide with a potential reversal zone from the recent bullish leg.
Before entering the trade, it's crucial to wait for clear confirmation, such as a strong bearish candlestick pattern or momentum shift with a bearish divergence on the MACD.
EURUSD Downits is clear, because of positive effect of winning presidency by trump, USD in all pairs will be bullish, but even in this situation don't forget to set stop loss and money management
IWM: Cup, Handle, and a Bullish GambleAMEX:IWM
Original Chart :
Been eyeing IWM lately, and honestly, this setup has the kind of potential that could get even the most cynical trader to sit up and pay attention. We’re looking at the *beginning* of a cup-and-handle-esque pattern so pristine it belongs in a TA textbook—classic accumulation followed by consolidation, like the bulls are quietly gearing up for something big. But here’s where it gets even more interesting: with the recent US election in the rearview and a lineup of Fibonacci extensions and moving averages all pointing in the same direction, this setup is practically begging for a breakout. Let’s dive into the details.
Fibonacci Extensions and Price Targets
Let’s talk targets. I’m looking at $315 and $365 based on Fibonacci extensions, and yes, that $365 target might sound ambitious, but hear me out. Fibs are like the star charts for traders—rooted in math, mystical enough for Twitter hype, and strangely accurate. $315 is the conservative target, sitting right around the 100% extension, where we might see price take a breather. But the real spotlight is on $365, the 200% extension level, which could be where we end up if this breakout goes full send. If Fibonacci levels have taught us anything, it’s that the universe loves a good price projection.
Moving Averages and the Golden Cross
Then there’s the 50-day and 200-day moving average crossover—the infamous “golden cross,” which might sound like something out of an Indiana Jones movie, but actually just signals bullish momentum. We’ve got price hanging above both moving averages, a classic recipe for sustained upward trends. Historically, this setup has a decent track record of making bulls look smart, and right now, it’s flashing green like a big, neon sign saying, “This way to higher prices.”
Volume Profile and Key Levels between $200-$240
The Volume Profile is where things get interesting. That $200-$240 range is showing a massive amount of trading activity, acting like a gravity well for price. If IWM revisits this range and bounces around $235, that’s our green light for lift-off. This is the make-or-break level—the battleground where bulls and bears duke it out. Here’s the nuance: if price *rejects* $235 and consolidates, that’s what would actually form the handle of this cup-and-handle setup, setting the stage for a later breakout. If $235 holds, we’re looking at a more direct path upwards. If not, well… it might be time to rethink the moonshot narrative.
Mapping Out the Bullish Scenarios
So, we’re left with two paths. Path one is the steady grind up to our targets, where IWM just slowly marches its way to $315 and then potentially $365, no drama, just smooth sailing. Path two is the extended consolidation phase in the $200-$240 range through most of 2025, creating that classic “handle” structure. Think of it as the market getting in some much-needed cardio before the sprint. By end-Q1 2025, we should know which scenario is unfolding based on whether we hold above that $235 line.
Curious to see if anyone else is seeing the same potential here. The combination of a cup-and-handle formation in the works, Fib extensions, and moving averages feels like a recipe for something substantial, but I’m always down to hear different perspectives. Are you all vibing with the $365 target, or is that too much hopium?
145.00 in the sights on USDJPYIntraday Update: The USDJPY continues to move higher post election night as the 154.75 level is the 161% extension of the Aug 15ht highs to Sept 12th lows. RSI is divergent, but with yields moving/breaking higher today its hard to see it stop short of 145.00.
Gold Analysis: Short Fibonacci ResistanceIn this 1-hour Gold chart (XAU/USD), we observe the price retesting a significant area around the 2687 level after a recent downtrend. Fibonacci retracement levels are applied to gauge potential retracement zones.
Entry Position: A potential short entry can be taken near the 2687 level, where price is facing resistance.
Take-Profit Target: The first profit target could be set around 2664, where the next support lies, aligning with a favorable risk-to-reward ratio.
Stop-Loss: Consider placing the stop-loss above the 0.5 Fibonacci level at 2699 to minimize risk if the price breaks higher.
Cardano ADA price has risen from the "dead"While CRYPTOCAP:BTC is updating ATH, the price of CRYPTOCAP:ADA is finally breaking away from the bottom)
Unfortunately or fortunately, these are the realities.
Very few projects from 20-21 and even more so from 16-17 feel good and confident now, only young, hype and “light” projects are shooting up.
God bless the price of OKX:ADAUSDT to rise to $0.49-0.50, then slightly adjust and then shoot up to $0.80, and if you're lucky, to $1.
And for the #Cardano holders and altruists, patience to wait for that time.
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Turbo new ATHTurbo looks like its preparing for a new ATH. Falling wedge has been broken, looks like its retesting and then will prepare to go up to around 0.018. Would be a massive move and a beautifull timing if BTC goes to 80K as well.
Falling wedge^
No FA!
DYOR!
SPY pullback from $600MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
So...
Here's why I'm picking this symbol to do the thing.
Buying calls on SPXU
Buying Puts on SPY
Price at or approaching top of channels (period 100 52 39 & 26)
Stochastic Momentum Index (SMI) at overbought level
VBSM spiked positive
Price near 4.618 Fibonacci level
Buying SPXU or SPY puts when SPY tags $600
Target is $587 or channel bottom
NO STOP LOSS
Will hold to year end or until target reached
USDJPYWe can attempt to buy USDJPY from specified level as it make HL , also 0.782 FIB level intact indicate that it moves upward.
SL , TP mention in chart.
GSHR LongEntry yesterday on this one, broke and held the 236, sitting on top of the weekly 200, looking like clear sky ahead. Grabbed a 15 min entry as the 4hr was still under the 200 weekly MA. Usual SL management.
SOLD MY BTC FOR A LAMBOPrice is rejecting an area of resistance while LHs are being maintained. Price is also showing buyers exhaustion, the downside potential is to 75k-74.5k
Wheaton Precious Metals (WPM): Fibonacci Levels to WatchToday, our focus is on gold mining stocks, with earnings reports from Barrick Gold TVC:GOLD and Wheaton Precious Metals NYSE:WPM in the spotlight. We’ve zoomed out on the NYSE:WPM chart to assess the overall structure and identify longer-term opportunities. Building a portfolio with some exposure to the commodity market is, in our opinion, a solid strategy for diversification.
NYSE:WPM appears highly correlated to Gold OANDA:XAUUSD and is currently sitting on a crucial trendline while hovering in the minimum target area for wave 3. A drop into the $78.5-$68.5 range seems plausible to establish the wave (iv). Ideally, the stock would then resume its upward trend, targeting higher Fibonacci levels for wave 3. In the broader picture, Wheaton Precious Metals responds well to trendlines, and a potential move into the $64.2-$52 zone could also occur over time.
If Gold continues to rise, NYSE:WPM may follow suit, and during Gold’s peak, mining stocks like NYSE:WPM could outperform the physical commodity significantly.
We are closely monitoring this setup and evaluating whether to execute it. Remember to always conduct your own research before making any investment decisions!
Barrick Gold (GOLD): Up 33%—Time to Take Profits?What a rise by Barrick Gold since we bought some shares at the end of February 2024. Patience pays off most of the time, and so it has with Barrick Gold. We are now up over 33% with this stock, and we’re very happy with this last-second entry before the stock took off. Gold continues to rise, and Barrick Gold is following suit. However, after every rise, a setback—whether major or minor—will happen sooner or later, and we’re definitely not getting greedy here.
We’re going to take our first profit now and move our stop loss to break even. If we decide to reenter with a second position, we’ll let you know with a new limit.
For now, we’re just enjoying this setup and the profit. Let’s keep this going 🔥
