Incoming 50% collapse to $70 for AirBnb“Airbnb a tech company and its founder and CEO Brian Chesky isn't shy about that.”
source: hotelsmag.com
It’s an online letting agent!
A $86 billion one at that. Feels like WeWork Déjà vu all all over again. A landlord with a cool name and a website now becomes a tech company.
AirBnb was always on my list for accommodation searches when travelling. Today a hotel is almost always my first choice, even if that is for a stay of up to 10 days.
What changed?
1) Affordability. I draw the line when the cost of a mediocre “key-code” to enter AirBnb accommodation matches that of a 4 or 5 star hotel. I don’t know what hosts are thinking. One possibility is servicing overstretched mortgage costs.
2) Gentrification. Affordable housing has been swallowed up by landlords as they exchange from longterm to short term holiday lets in the pursuit of more money. The landlords can’t be blamed when interest rates have been so low, but the effect on city centres is evident. One city centre I visited a few months ago, the whole townhouse was AirBnb’d divided into several units. Depressing.
I think we’re now on the verge of a swell of those Landlords selling up as it becomes clearer with each month there are easier ways to make money whilst not holding onto an overpriced asset.
If I’m correct, the selling pressure will ultimately impact the business model, charging overpricd fees. Speaking of fees..
3) Cleaning fees. Don’t get me started.
Imagine checking out of a hotel “And your cleaning fee...”
The technical analysis
On the above weekly chart:
1) Price action and RSI support breakouts have printed.
2) Broken market structure. This is a perfect technical example of broken market structure confirming resistance from the last higher low. A trend reversal is now confirmed.
3) The Bear flag has confirmed. Past support confirms as strong rejection. Price action is forecast to strike $70
Is it possible price action continues to print upwards and onwards? Sure.
Is it probable? No.
Ww
Flag
Potential Bear Flag in Energy ETFThe SPDR Energy Select Sector ETF has wavered for almost a year, and some traders may expect a push to the downside.
The first pattern on today’s chart is the series of lower highs since mid-November. December also saw a lower low versus September. That may reflect a bearish longer-term trend.
Next, the 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA in late 2024. Those two SMAs, plus the 100-day SMA, are close to each other on the chart. Could that long neutral period create potential for prices to start moving?
Third, MACD is falling and the 8-day exponential moving average (EMA) is below the 21-day EMA. Those patterns may reflect bearishness in the short term.
Finally, the recent series of higher lows may be viewed as a bearish flag. If it resolves to the downside, December’s 52-week low of $82.75 could be viewed as the next logical support.
Standardized Performances for the ETF mentioned above:
SPDR Select Sector Energy ETF (XLE)
1-year: +5.07%
5-years: +64%
10-year: +18.82%
(As of January 31, 2025)
Exchange Traded Funds ("ETFs") are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus.
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ETH Mega bullish pattern revealed !Stay tuned traders 🐺
Something big is unfolding on the ETH chart. 📈🔥
As you might know, the falling wedge pattern is usually bullish, but what makes it MEGA bullish?
Let me explain:
If the price gets back into the falling wedge, it shows a clear bear trap , especially when this happens in the support area . As you can see, the price is already in a huge support zone at the lowest Fib levels (0.88 - 0.86).
In my opinion, if ETH gets back into the pattern and closes a candle above it, then with 100% certainty, the price will surge —at least to the downward-sloping purple trendline, which is also a strong and very important resistance level!
This is very possible because if you already follow me , you’ve probably read my ideas about the BTC.D situation , which I want to take a quick look at again.
👉 BTC.D is currently sitting at a very high level around 60% - 61%, which is extremely high and historically signals the beginning of a massive Altcoin Season! 🚀🔥
GOLD (XAUUSD): Bullish Movement to All Time HighGold formed nice trend-following bullish setup, with the price retesting a previous horizontal resistance before bouncing back and breaking through a resistance line of a bullish flag pattern on the 4-hour chart.
There is a high likelihood that the market will continue to rise, with the next target for buyers being the resistance level based on the current All Time High.
Bitcoin - Buy now! Ready to pump to 125 000 (alt season)I recommend buying Bitcoin as the price is ready to go much higher in February. The current price is 98,000, and I expect Bitcoin to hit 111,000 in the immediate short term. 111k is a strong resistance because it's the top of the ascending parallel channel. Bitcoin has been in this channel for 91 days since November 2024. Then later this year in summer, Bitcoin will reach 125k.
But we should focus on altcoins in the next months! Why? Because a huge alt season is starting! Let's take a look at the BTC.D (Bitcoin Dominance) chart because this is the major indicator of altcoin seasons. As per my analysis, the price recently hit a strong resistance and needs to go down to 48%. We could experience the greatest alt season in years, so be ready! Make sure you have the right altcoins. Ethereum is definitely one of the altcoins that will outperform Bitcoin in the next months.
I am very bullish on Bitcoin and on the overall crypto market for the next weeks and months! Now is the time to buy, but let me know in the comment section, what do you think?
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!
Breakout! The start of a major downside breakout? CADNOK has been consolidating since mid-2023. Price action has formed a clear symmetrical triangle on the weekly chart. The breakout is imminent.
With the CAD's future looking gloomy, the price may finally have the momentum it needs to break the consolidation. From a technical perspective, the price is coming off daily and 4-hourly moving averages.
Prepare yourself for a $17K ETH !
Hello, Traders 🐺
As I promised you, my dear friends, in my previous idea about BTC.D (link to BTC.D idea is below this post) , I’m here to share some amazing updates on ETH , which I’ve been wanting to share for a long time.
Honestly, guys, I’ve been waiting for the right time to do this because I’m a dedicated trader , and I believe that trading is all about perfect timing . In my humble opinion , this is the beginning of the ETH season , and you should definitely consider buying some.
(This is not financial advice! Do your own research.)
So, let's begin:
As you can see, every single time , we have had a final shakeout before the pump , and right after that , ETH has made a massive and explosive move .
I’ve tried to make it as clear as possible for you guys by highlighting all the necessary details on the charts . However, if you still have any questions, feel free to ask them below this idea.
Also, don’t forget to follow me and like this idea to show your support! 🚀🔥
Possible Bearish Market on USDCHFUSDCHF has been moving between support and resistance levels thereby creating a sideways movement on daily and weekly timeframes, also creating some flag patterns, currently, there is a potential sells on weekly and daily timeframes,
we might see a little movement up to the resistance zone at 92081, creating a triple top pattern before starting the downward movement again.
let's watch out for the market this week.
like and share your opinion
GOLD (XAUUSD): Your Trading Plan For Next Week Explained
Here is my price action analysis for Gold on a 4H.
The market is currently trading in a sideways after
an extended up movement that was completed 5th of February.
We see a horizontal parallel channel formation.
To confirm the next bullish wave, I suggest waiting for a breakout
of its resistance.
4H candle close above 2887 will confirm the violation.
A bullish continuation will be expected at least to 2900 then.
Alternatively, a bearish breakout of the support of the channel
may trigger a correctional movement.
❤️Please, support my work with like, thank you!❤️
Current bitcoin bullflag has a target of 144kBeen consolidating inside this one for some time now and its been creating a lot of uncertainty in the market lately as most people have been distracted by the bearish h&s pattern on the Daly chart and haven’t zoomed out to the higher time frames to realize this whole time we’ve ust been consolidating inside this bullflag. The stochrsi has already been reset for awhile on the Daly time frame and is about to be fully reset here on the weekly time frame too sugget we will resume the uptrend in the near future. *not financial advice*
Breaking: $FLARE Soars 16.71% Amidst Bullish Flag PatternThe cryptocurrency market is no stranger to volatility, but Flare Network’s native token, NYSE:FLR , is making waves with a remarkable 16.71% surge today. Despite the broader crypto landscape remaining bearish, NYSE:FLR is defying the odds, showcasing strong technical and fundamental indicators that suggest further upside potential. Let’s dive into the details of what’s driving this surge and why NYSE:FLR could be poised for a breakout.
Technical Analysis
NYSE:FLR is currently forming a bullish flag pattern, a continuation signal that often precedes a significant upward move. The pattern is characterized by a sharp rise (the flagpole) followed by a period of consolidation (the flag). For NYSE:FLR , the flagpole was the recent surge, and the consolidation phase is now underway.
A breakout above the flag’s ceiling could trigger a 70% surge, targeting the psychological resistance level of $0.038. This would mark a decisive move for NYSE:FLR , potentially attracting more buyers and fueling further gains.
The Relative Strength Index (RSI) for NYSE:FLR is currently at 44.98, which is neither overbought nor oversold. This suggests that there is ample room for upward momentum before the token enters overbought territory. A rising RSI could accompany the breakout, confirming the strength of the move.
The 24-hour trading volume of $35.9 million and a market cap of $1.33 billion indicate strong liquidity and investor interest. The recent price surge has likely caught the attention of traders, further boosting momentum.
Flare Network’s Unique Value Proposition
Flare is an Ethereum Virtual Machine (EVM)-compatible Layer 1 blockchain designed to enhance blockchain utility. Its unique architecture allows developers to access high-integrity data from other chains and the internet, enabling new use cases and monetization models.
One of Flare’s standout features is its ability to provide decentralized access to data from external sources. Flare allows dApps to serve multiple blockchains through a single deployment, reducing fragmentation and increasing efficiency.
With a market cap exceeding $1 billion, Flare has firmly established itself as a significant player in the crypto market.
Conclusion: A Breakout in the Making?
NYSE:FLR ’s recent surge and technical setup indicate that the token could be on the verge of a major breakout. The bullish flag pattern, combined with strong fundamentals, makes NYSE:FLR a compelling asset in the current market environment.
As always, it’s essential to conduct your own research and consider your risk tolerance before investing. But one thing is clear: NYSE:FLR is a token to watch as it continues to defy market trends and carve out its niche in the crypto ecosystem.
NVIDIA (NVDA) - Failed Bear Flag, Bullish Reversal in Play📉 Failed Bear Flag Pattern
NVDA initially formed a bear flag, with a strong downward flagpole followed by consolidation in an upward-sloping channel. However, instead of breaking down as expected, the price reversed at the lower boundary, signaling bulls absorbing selling pressure.
📈 Breakout Potential
The recent impulse move out of the flag formation aligns with a Wave 1 breakout, confirming a potential bullish trend. If the Wave 2 retracement holds above previous lows, NVDA could see a strong Wave 3 rally towards $130-$140.
🔍 Key Resistance & Confirmation Levels
Immediate resistance around $122-$124 (previous highs & bear flag upper boundary). A break above $124 with volume could trigger further bullish momentum. Downside risk remains if NVDA re-enters the bear flag below $115.
🚀 Bullish Bias Unless Invalidated
Given the failed bear flag breakdown and Elliott Wave structure, the bias shifts bullish towards higher highs. Watch for strong follow-through on Wave 3 to confirm this setup.
📊 Trade Plan:
Entry: On pullbacks above $118-$120
Target: $130-$145
Stop: Below $115
💡 Let me know your thoughts! Do you agree with this bullish outlook?
Don't forget,
Patience is Paramount.
Best Chart Patterns to Buy Gold in Uptrend
One of the proven strategies to safely buy gold in uptrend is to look for THESE chart patterns.
In this article, I will teach 4 best bullish price action patterns for Gold trading.
All the patterns that we will discuss work perfectly on a daily, 4h, 1h time frames.
The first strong bullish pattern, that we will discuss, is a bullish flag pattern.
The pattern is based on 2 important elements:
a bullish impulse leg and a bearish correctional movement afterward.
The highs and lows of a correctional movement should respect 2 falling trend lines: one being a vertical resistance and one being a vertical support.
These 2 trend lines will compose a falling parallel channel.
Your strong bullish signal will be a breakout of the resistance of the flag - a candle close above that.
The trading strategy of this pattern is very straightforward .
After a violation of the resistance of the flag is confirmed , buy the market immediately or on a retest. Place stop loss order below the lowest low of the pattern, initial target - the high of the pattern with a potential bullish continuation to a new high.
Look at a bullish flag pattern on Gold on a 4H time frame. A bullish breakout of its upper boundary was a perfect signal to buy XAUUSD.
The variation of a bullish flag pattern is a falling wedge pattern.
In a wedge pattern, a correctional movement occurs within a contracting channel based on 2 converging trend lines.
The same strategy is applied for buying wedge pattern after a breakout .
Above, you can see a falling wedge on Gold chart on a daily that was formed after a completion of a sharp bullish wave. Bullish violation of the resistance line of the pattern was a strong call to open long position.
Trading hundreds of bullish flags and falling wedges, I noticed that the wedge patter has a little bit higher accuracy.
The next chart pattern for buying Gold is called Ascending Triangle.
After completing a bullish impulse and setting a higher high, the market should start consolidating .
A consolidation should have a specific shape: the price should start respecting a horizontal resistance based on the last high and drop from that, setting equal high and a consequent higher low after every bearish movement.
A reliable bullish signal will be a breakout - a candle close above a horizontal resistance line based on the equal highs.
Buy Gold immediately after a violation, or set a buy limit order on a retest of a broken resistance.
Safe stop loss will be at least below the last higher low.
If you are taking the trade on 1H time frame, set it below the first higher low.
Take profit will be the next potentially strong resistance.
With the absence of historic resistances, your goal can be the next psychological level based on round numbers.
That's a perfect example of the ascending triangle pattern that formed on Gold on a daily time frame. After a breakout of its resistance, a bullish rally initiated.
Usually, the pattern is considered to be completed when the price sets at least 3 higher lows and 3 highers highs.
If only 2 equals highs and 2 higher lows are set, such a pattern will be called Cup & Handle.
Entry, stop loss and target rules are the same as in ascending triangle trading.
That's a nice cup & handle pattern on Gold on a 4H. Violation of its resistance triggered a significant trend-following movement.
The last pattern for buying Gold is horizontal parallel channel.
It should form after a completion of a bullish wave and represent a consolidation and indecision.
The price should set equal highs and consequent equal lows, respecting horizontal support and resistance.
A strong bullish signal to buy Gold will be a breakout of a horizontal resistance of the channel and a candle close above.
The principles of its trading strategy are very similar.
Open long position on Gold immediately after a candle close above the resistance or on its retest.
Stop loss should be placed below the support of the channel.
Take profit will be the next historic or (if there is no) psychological level.
Check this horizontal channel that was spotted on a daily time frame on Gold chart. After quite an extended consolidation within, the price violated its upper boundary and went up.
All these chart patterns have a unique shape and structure and are very easy to recognize. Apply them for trend-trading Gold on any time frame and good luck in your journey.
❤️Please, support my work with like, thank you!❤️
Closing my entire crypto position todayBitcoin prices have been consolidating since December '25 (around 60 days) after multiple failed attempts to continue the uptrend (as indicated by the purple Xs on the chart).
Even though I remain bullish on the asset in the long term, I decided to close all my cryptocurrency positions today and allocate 100% in dollars. From a technical perspective, a double-top pattern has started to form, which is a bearish signal, and I’d rather not risk waiting to see if it gets confirmed or if the asset simply continues moving sideways.
I prefer to watch this consolidation from the sidelines and accept the risk of buying back at a slightly higher price only after a breakout—if it happens. If it doesn’t, closing my positions will have been a successful protective move.
I also acknowledge the formation of a flag pattern near the upper resistance of the range, but again, if it confirms and breaks out, I will re-enter. For now, I’m choosing the more cautious path and prioritizing capital protection.
Part of this position was bought recently, around 100k, speculating on potential euphoria after reaching that price level. Another portion was acquired around 60k in September '24.
Can Bulls Flip GU "On Its Head" @ 38.2% Level?Last week we saw FX:GBPUSD attempt to Break Above the 1.25 Resistance Zone that its been struggling with since November 2024 and was sent back down underneath following the Fed's decision to Hold Interest Rates.
We can see that Price so far seems to be following a Head & Shoulders layout where Price now is declining down to the Low that formed the "Left Shoulder" @ ( 1.23745 - 1.23518 )
What makes this Price Range so favorable is that if you take the Fib Retracement Tool from the Low of the "Head" @ 1.20991 to the 2nd Touch of the "Neckline" @ 1.25232, the 38.2 % Retracement Level lands right at the potential Support level of the "Left Shoulder"
-If Price finds Support at this level, we can suspect the Low to form the "Right Shoulder" then for Price to work back up to the "Neckline" for a Break and Close for Confirmation of Pattern to then look for more Buying Opportunities!
*Price Breaking and Closing the Neckline, signaling Confirmation of Pattern, will deliver a 90% Success Rate to the expected Bullish outcome.
*Watch for Increase in Volume after Price is Successfully Supported by Low of Left Shoulder and RSI to maintain Above 50!
Fundamentally,
GBP:
Final Manufacturing PMI - Monday
Final Services PMI - Wednesday
Construction PMI/Bank Rate - Thursday
USD:
ISM Manufacturing PMI - Monday
JOLTS - Tuesday
ADP Non-Farm Employment/ISM Services PMI - Wednesday
Unemployment Claims - Thursday
AVG Hourly Earnings/ADP Non-Farm Employment/Unemployment Rate - Friday
Could XRP Reach $4? Factors Pointing to Explosive Growth
The cryptocurrency market has witnessed a rollercoaster ride in recent years, with Bitcoin and Ethereum leading the charge. However, another cryptocurrency is quietly gaining traction and attracting significant attention from investors and analysts alike: XRP.1
XRP, the native token of the Ripple network, has a unique proposition as a bridge currency for facilitating global financial transactions.2 Its speed, low transaction costs, and cross-border capabilities have the potential to revolutionize the way we move money across borders.3
Key Factors Driving XRP's Potential Surge:
Several factors are converging to create a bullish outlook for XRP and potentially propel its price to $4 or even higher:
• Growing Institutional Adoption:
o Ripple's partnerships with major financial institutions worldwide are steadily increasing.4 These partnerships, including collaborations with banks, money transfer companies, and payment processors, demonstrate the growing acceptance and integration of XRP into the global financial system.5
o As more institutions embrace Ripple's technology, the demand for XRP is likely to surge, driving its price upwards.6
• Regulatory Clarity:
o The ongoing legal battle between Ripple and the Securities and Exchange Commission (SEC) has created uncertainty in the market.7 However, recent developments suggest a potential resolution in favor of Ripple.
o A favorable ruling could significantly boost investor confidence and unlock significant pent-up demand for XRP.
o Increased regulatory clarity would pave the way for wider adoption and integration of XRP into various financial applications.8
• Technological Advancements:
o Ripple continues to innovate and enhance its technology, improving transaction speeds, scalability, and security.9
• Growing Global Demand for Faster and Cheaper Cross-Border Payments:
o The increasing globalization of trade and commerce has created a growing demand for faster, cheaper, and more efficient cross-border payment solutions.10
o XRP, with its unique capabilities, is well-positioned to capitalize on this demand by providing a more efficient alternative to traditional banking systems.11
• Increasing Market Capitalization:
o As XRP gains wider adoption and its use cases expand, its market capitalization is likely to increase significantly.
o A larger market capitalization would naturally lead to a higher price per token.
Technical Analysis:
From a technical perspective, several indicators suggest a bullish trend for XRP.
• Breaking Out of Resistance Levels:
o If XRP successfully breaks out of key resistance levels, it could signal a significant upward move.
o Technical analysts are closely monitoring these levels and anticipating a potential breakout.
• Increasing Trading Volume:
o A surge in trading volume often precedes a significant price movement.12
o Increased trading activity indicates growing interest and demand for XRP.13
• Positive Sentiment:
o Positive sentiment among investors and analysts is crucial for driving price appreciation.
o As more analysts and investors express bullish sentiments on XRP, it can create a self-fulfilling prophecy and drive prices higher.
Potential Challenges and Risks:
While the outlook for XRP appears promising, it is crucial to acknowledge potential challenges and risks:
• Regulatory Uncertainty:
o The ongoing legal battle with the SEC continues to pose a significant risk.14
o An unfavorable ruling could severely impact XRP's price and hinder its growth.
• Competition:
o The cryptocurrency market is highly competitive, with numerous other cryptocurrencies vying for market share.15
o Competition from other blockchain platforms and cryptocurrencies could limit XRP's growth potential.16
• Market Volatility:
o The cryptocurrency market is known for its volatility.17
o Sudden market downturns or unforeseen events could significantly impact XRP's price.
Investment Considerations:
Investing in cryptocurrencies carries significant risks, including the risk of losing all or part of your investment.18
• Conduct thorough research: Understand the technology behind XRP, its potential use cases, and the risks involved.
• Diversify your portfolio: Don't invest all your funds in a single cryptocurrency.
• Invest only what you can afford to lose: Avoid investing more than you can afford to lose financially.
• Stay informed: Keep abreast of the latest developments in the XRP ecosystem and the cryptocurrency market as a whole.
Conclusion:
XRP has the potential to disrupt the global financial system and revolutionize the way we move money across borders.19
• Its unique technology, growing institutional adoption, and increasing demand for faster and cheaper cross-border payments create a compelling investment case.
• However, it is crucial to acknowledge the inherent risks associated with investing in cryptocurrencies.
• Investors should conduct thorough research, diversify their portfolios, and invest responsibly.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
• Investing in cryptocurrencies20 involves significant risks, and you should carefully consider your investment objectives, financial situation, and risk tolerance before making any investment decisions.2122
Note: This article provides a general overview of XRP and its potential.
• The cryptocurrency market is dynamic and subject to rapid change.
• It is essential to conduct independent research and consult with a qualified financial advisor before making any investment decisions.
•
Disclaimer: This article is for informational purposes23 only and does not constitute financial advice.
• Investing in cryptocurrencies24 involves significant risks, and you should carefully consider your investment objectives, financial situation, and risk tolerance before making any investment decisions.