$BTC short before going to $250KQ3 and Q4 in 2024 was amazing to BTC.
Generally Q1 is not that strong to the markets.
I am expecting a pull back to $80K area before pushing higher to $250K
Fibonacci
is Selling VITROX near Fibo 1.681 and after ex-date Good?Looking at the chart for Vitrox Corporation Berhad, here's my analysis:
Current Price Action:
- Trading at RM4.00, down 0.12%
- Recently broke out from a consolidation pattern
- Price moving above all major moving averages
Technical Analysis:
1. Fibonacci Levels:
- Key resistance at RM4.69 (2.618 Fibonacci level)
- Support at RM3.68 (0.786 Fibonacci level)
- Ultimate target possibility at RM5.24 (3.618 Fibonacci level)
2. Price Structure:
- Formed a cup and handle pattern recently
- Successfully broke above resistance around RM3.80
- Higher lows forming on the daily timeframe
3. Moving Averages:
- All MAs turning upward
- Price above all major MAs
- Golden cross formation visible (shorter MA crossing above longer MA)
Volume Analysis:
- Recent volume spike supporting breakout
- Money flow indicator showing positive momentum
- Volume increasing on up moves, suggesting strong buying interest
Notable Events:
- September 2024: MYR5.989M (-73.55%)
- June 2024: MYR22.646M (+171.03%)
- Strong recovery from earlier lows
Trading Considerations:
- Entry above RM3.80 support
- Stop loss below recent low around RM3.40
- First target at previous high around RM4.50
p/s profit +-rm1k after sold 4000unit
Shorting Euro DollarPrice has consolidated in SNR zone for the past few days. Creating a double top and a break of a counter trend line. Shorts incoming
NQ Power Range Report with FIB Ext - 12/31/2024 SessionCME_MINI:NQH2025
- PR High: 21392.75
- PR Low: 21343.50
- NZ Spread: 110.25
No key scheduled economic events
Last trading day of the year, closed Wednesday
- Holding at 21365 pivot from week of 12/18
Session Open Stats (As of 12:35 AM 12/31)
- Weekend Gap: N/A
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 366.61
- Volume: 21K
- Open Int: 249K
- Trend Grade: Bull
- From BA ATH: -4.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 22667
- Mid: 21525
- Short: 19814
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
"Nifty at the Crossroads: Will the Bulls Hold the Line or Give W"Nifty at the Crossroads: Will the Bulls Hold the Line or Give Way to the Bears?"
🔍 Market Update:
Nifty is trading at a crucial support level of 23538, the low created on 20th December, and is showing mixed signals:
📊 CPR Levels: For the past 5 trading sessions, Nifty has been closing either above or at the CPR level, signaling indecision.
📉 Bearish Start Today: A gap-down opening with Nifty now testing its key support zone.
📈 Trendline Breach: On the daily timeframe, Nifty has breached its long-held trendline and opened below it. If the index is to resume its bullish rally into the New Year, it must reclaim this level soon.
🎯 Crucial Levels to Watch:
Support: If Nifty closes below 23538, the next stop could be 23182, a critical 61.8% Fibonacci retracement level.
Bullish Scenario: Sustaining above the trendline could reignite the bullish momentum.
💡 Key Takeaway:
Before taking a bearish stance, wait for Nifty to confirm its direction by decisively breaking or holding this support level.
📢 Disclaimer:
This post is for educational purposes only. Investments in the stock market are subject to market risks. Please consult a financial advisor before making any trading decisions.
SPY (S&P500 ETF) - Daily Price Consolidation - End of 2024SPY (S&P500 ETF) is currently in a short-term consolidation price pattern (end of December 2024).
SPY price needs to hold and rally above $583 to avoid a daily bearish head-and-shoulders resistance price pattern.
Support Prices to the downside are: $583, $577, $569, $555, $532.
Resistance Prices to the upside are: $592, $600, $604, $613, $626.
Several Key Events will be occurring in the USA, January 2025:
-CES 2025 Conference (week 2)
-Inflation Data (week 2)
-Stock Market Earnings Season begins (week 2 to 4)
-New President taking office, potential law changes (week 3 to 4)
-FOMC Press Conference (week 4)
Note: Any of the above events can cause stock market volatility and override technical charts.
Date: 12/30/2024 pm
Bitcoin (BTC/USDT) - End of 2024 - Daily Price ConsolidationBitcoin (BTC/USDT) price is currently in a short-term downtrend and consolidation pattern (end of December 2024).
Bitcoin price needs to hold above $92,000 to $90,000 to avoid a daily bearish head-and-shoulders resistance price pattern.
Support Levels to the downside currently are: $92000, $90000, $87610, $85000, $81000, $76000.
Resistance levels to the upside currently are: $96500, $100000, $105000, $108000, $110000, $120000.
Daily and Weekly price consolidation is ongoing, and Bitcoin is seeking to establish the next higher-low support price.
Note: breaking news, corporate news, government law changes, stock market correlations, and crypto events can affect and override technical chart patterns.
Date: 12/30/2024 pm
GNS - A double up?AMEX:GNS just announced they were upping their Bitcoin treasury. This piece of news could be a nice catalyst for some upward movement.
Chart looks bottomed out on the monthly and weekly. Looking for a bullish fair value gap (FVG) to be created on the weekly chart.
Mapped out my trade on the 1D timeframe.
-Bullish FVG was created on the daily and tested
-nice hammer off the FVG
-has some work to do to get through those bearish FVGs on the daily.
Targeting $1.50 and $1.70.
Going to buy a few hundred shares and let this play out.
BTC - Bear Flag forming, 73k price projectionAfter hitting all time highs, BTC is forming a bear flag.
If bear flag plays out and price breaks through 91,400 level then on the basis of the measured move of the flag pole, BTC is likely to test 73,000 which is a significant support zone on Daily timeframe. This is because before BTC pierced 73,000, this was a strong resistance zone. Also, since price broke out 73,000, it hasn't retraced back to this level.
Furthermore, there is a fib retracement level of 38.2% at 71,500 so expect 73,000 - 71,500 to be strong support zone.
Remember technicals are all probabilities, price could break 99,000 level (upper trendline of the bear flag channel) to test all time highs.
ALPHA planThis is my plan for ALPHA. Buy in orange box because I expect us to go down a little bit lower.
M87/MESSIER87 planThis is my M87 / MESSIER87 plan. I expect us to bounce from the green box and wedge.
NEAR plan This is my NEAR plan. I expect us to stay in the orange box and consolidate here a few days before going up.
ENJ planThis is my ENJ plan. I exptect us to stay in the orange box. If we go down it will be a deviation.
TRU planThis is my TRU plan. I expect the price to bounce in orange box. Lets see if the market gives us orange box.
APE planThis is my plan for APE. I will add more if the market gives me orange box. Which I think we will get.
DSYNC planThis is my DSYNC plan. Orange box is strong support for DSYNC and I expect us to bounce in that box.
TRIAS - Mid cycle HTF buy setupAfter the capitulation event where KUCOIN delisted TRIAS, the coin was offered to market at an extreme discount thanks to FUD.
Most won’t see these opportunities as buying opportunities, just like they won’t like this current setup where it has broken structure to the upside on the weekly and is currently being offered under the 61.8 retracement level.
Volume spiked with the FUD as concerns were raised over the inability to withdraw the asset from KUCOIN, leading to a large cascade of price.
On the other side of every losing trade there is a winner, and in this example the winner was buying at a discount from the FUD sellers.
Where the weekly saw a large bullish expansion, it left an inefficiency in price that the market has now balanced, and the asset has been “fairly” offered to both buyers and sellers.
This is a pivotal point as it needs to now either run above $8 and ideally push toward $20 or challenge the lows made earlier this quarter, and the notion will be seen in volume on both price and time volume profiles; when volume increases as price increases it is a good indication of a strong trend.
Risk should always be aggressively and independently managed.
Bearish SHS. Projecting price at ~$72,000.SHS (Shoulder, head, shoulder pattern) formation to project price to ~$72,000 coinciding with a pullback to the 0.618 level of the initial upward move.
BTC/USDT 1H chart reviewHello everyone, let's look at the 1H BTC to USDT chart, in this situation we can see how the price is moving in the local downward trend channel in which we very quickly saw a return to the lower border of the channel. Let's start, however, by defining the goals for the near future that the price must face:
T1 = $93,246
T2 = $94,045
T3 = $94639
T4 = $95,413
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $92462
SL2 = $91,530
SL3 = $90,550
Looking at the RSI indicator, we see
how we entered the downtrend again after dynamically exceeding the upper limit of the range.
