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Bullish view of GoldThis chart looks at Gold's Bullish prospects! From our other Ideas on Gold anyone will know we are overall Bearish on Gold have been Selling hard since November after the artificial pump up to recover Red vectors at 1860. However we can never ignore the Bullish part as in order to get to the prices we want to sell from it has to go up to get there doesn't it? But how do you catch the launch pad? We use Red recoveries of Green at lows on 4HR+ tf or the appearance of Blue at the lows. This we have seen and is reason we can hold partial longs from 1785 while attempting to catch great shorts along the way at key levels. And where do you aim for to come out of the longs and go short? Where you see Red Vector candles to be recovered. The top of the nearest Red vector in the 4hr being 1823 and the top of the highest one beyond $2000(coincidence?) Key Resistance? It should be starting to make sense by now the market maker exists very much. Even when you're long on Gold always be ready to switch it up and visa versa . This is not financial advice and should be taken with a pinch of salt
OANDA:XAUUSDLong
by Squeeezy-Trader
EURUSD Price Action| Trend| .618 Fibonacci| Weekly Level Evening Traders, Today’s analysis – EURAUD – trading at a key technical trade location where a bounce is probable, Points to consider, - Price Action Corrective - .618 Fibonacci Support - Bullish OB Support - Weekly S/R Objective - RSI Oversold EURUSD’s immediate price action is corrective and is testing a trade location that has technical confluence with the .618 Fibonacci and the Bullish OB, allowing for a long bias. The Weekly S/R is the immediate objective, exceeding this level will lead to a trend continuation. The current RSI is oversold; a relief rally is probable in an overextended market. Overall, in my opinion, EURUSD is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “Sheer will and determination is no substitute for something that actually works.” – Jason Klatt
Long
by The_Alchemist_Trader_
HTR/USDT ongoing Final capitulationFollowing my yesterday post The first "kiss test" was made however and regardless of the fact that fear is in control there was no panic and the crypto market does feel stable as long as the bitcoin holds 40k support line. Having said that, and as far as I see things an uptrend will not start unless the stupid money will be shaked out. Waiting on a drop to 32k-36k and then if you ask me only God will save the bears 🐻 🐻‍❄ 🙏 This is an informative post which includes my personal opinion as well and not a financial advise what so ever. Make sure to do your own research and analysis before making any investment.
Long
by UnknownUnicorn1447387
QQQ Weekly Candle Trend Line BreakSo, this is a weekly candlestick chart of the QQQ. Pretty basic really. What is interesting is, there's multiple broken lines of support. We have the base breakout from the covid trough. A clearly defined trendline was established and tested multiple times along the way but was never broken on the weekly close. That trendline was broken this week. The peak from the former high at $381.57 created a minor level of support after a period of resistance. That line was also broken on the close. Lastly, a long established support line on RSI was also broken on the close. Another close below this minor support level would suggest a further decline of 5% or so. Reclaiming this level without getting above the trendline would suggest a period of consolidation. What's your take? Further downside ahead, likely consolidation, or a bounce higher and a reclaim of the trendline?
NASDAQ:QQQ
by Breakout_Charts
3
Bitcoin's next move - moon to 60? Or dump to 30? Given the fact that we have good historical data for this price range, the key S/R levels are already known. With what appears to be a lot of accumulation going on this week, what will happen next? This analysis looks at what appears to be a slightly descending channel which has resulted in a lot of chop. The big drop preceding brought with it a lot of liqs and there may be many that are hesitant to enter a position in this range. This range is definitely worth waiting for confirmation of continuation or reversal. I feel like it will be hard to break 50, let alone 52 before testing the 44-45 level again. If the 44 level is broken, I expect high chances that it will continue to drop with probably a DCB at 40k. Be very careful when trading this range as there are a lot of unknowns. I would advise against alts until we know which direction as alts get rekt when BTC moves even a little bit in a downwards continuation. The first opportunity I would look at alts would be if it breaks 50 and can turn 50 from resistance into support. You will probably pay a bit of a premium because people will likely jump in at high 48 or 49, but it's not worth the risk.
by zeroknowledgeproof
GBPUSD Channel (daily chart) 2 Jan 2022The price action created an accumulation of candles on top of a horizontal support area that energized bulls and pushed the price significantly higher. However, one reason for that to happen is the BoE's decision to increase interest rates in December 2021. I expect the price to make a cluster of bullish and bearish candles, now that it neared the upper bound of the downtrend channel. FX:GBPUSD Happy New Year to everybody and may the Godmother of forex trading bring all a zillion of pips.
by RCtrader2
1
EGLDUSDT .618 Fibonacci| Price Action| Trend| Trade Evening Traders, Today’s analysis – EGLDUSDT – trading at a key technical location where a bounce is probable, Points to consider, - Price Action Impulsive - .618 Fibonacci Support - VWAP S/R Support - Low Volume EGLUSDT’s immediate price action is contracting on a key support level that has technical confluence with the .618 Fibonacci and the VWAP, allowing for a bullish bias. The current volume profile is below average, an influx is highly imminent on the expansion. The immediate is the Daily S/R, exceeding this level will lead to a trend continuation. Overall, in my opinion, EGLDUSDT is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, “What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” – William O’Neil
Long
by The_Alchemist_Trader_
Appreciation VS Depreciation - The Big AppleSo today we're going to make a rough analysis on asset appreciation vs depreciation - If you are familiar with antiques and artifacts or vintage vehicles you will know assets have a life span of usability. Technology is the same but with asset depreciation it differs out with the old in with the new However now this is where you could have made a better decision Lets say for example you bought upgrades every release you could have benefited more from buying the stock 2 years ago The stock would show you value of appreciation meanwhile the devices you buy are going to slowly depreciate in value = losing money. Which would you rather.... NASDAQ:AAPL MOEX:AAPL-RM XETR:APC BCBA:AAPL BMFBOVESPA:AAPL34 FTX:AAPLUSD SWB:APC MIL:AAPL BMV:AAPL GLOBALPRIME:AAPL.NAS FWB:APC BITTREX:AAPLBTC BCBA:AAPLD BITTREX:AAPLUSDT LSIN:0R2V BVC:AAPL BER:APC SIX:AAPL.USD TSE:2788 BVL:AAPL LSE:3LAP EUREX:AAPH1! TVC:NDQ NASDAQ:NDX SKILLING:NASDAQ NASDAQ:NDAQ AMEX:QQQE CURRENCYCOM:US100 CAPITALCOM:US100 AMEX:SPY SP:SPX OANDA:SPX500USD FOREXCOM:SPXUSD
NASDAQ:AAPL
by MaverickTrading
BTC Long And Short Trading Plan for JanuarySharing with you all my trading plan for this month and the swing trades I am looking to take here / What I am expecting to see in the market. Currently and not entered into any trades BTC is far too volatile. Hope for some of you this may help, We have spent an extended amount of time pushing to the down side so I am expecting us to get this as sort of a relief bounce that turns into a Swing Failure Pattern for BTC before we continue our move down into the $30,000 range eventually Winding up at the low $20,000 Level.
Long
by JZ-2Short
1
SHIB Long| Range Support| Bullish Continuation| .618 FibonaccEvening Traders, Today’s analysis – SHIBUSDT – reclaiming its range, a retest of support will allow for a long entry with defined risk. Points to consider, - Immediate trend bullish (consecutive higher lows) - Range support confluence (.618 Fibonacci) - Range resistance target - Oscillator neutral - Volume below average - Long retest (risk defined) SHIBUSDT’s immediate trend is bullish with consecutive higher highs and higher lows. This gives us a bias that any impulse sells and oversold conditions are for buying. The range support is a key level that has been reclaimed; price is likely to retest this level as it is in confluence with the .618 Fibonacci. Range resistance will be the immediate target, breaking this level will be very bullish, continuing the trend. Oscillators are both neutral, remaining above their respective 50 level; this indicates bullish momentum in the market. The immediate volume is below average, this must increase for continued follow through, price action needs to be back with conviction. Overall, in my opinion, SHIBUSDT is probable to retest local support which will allow for a long entry with defined risk. Price action breaking below range support will negate the trade. What are your thoughts? Thank you for following my work! And remember, “Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.” ― Yvan Byeajee
Long
by The_Alchemist_Trader_
Pushing the CARTESICTSI is currently trading just above its long-term support. Although it may be tempting to show a breakout from the current structure, I believe it will continue in its accumulation phase for the short-term. This is due to the lack of stepped formation in its recent breakdown of price (instead a strong red candle formed as seen on the chart). The stepped formation with long wicks would be a good signal for a CTSI breakout (as seen in previous breakouts). A great entry point would be between the 0.59 - 0.61 range. A good entry would be between 0.61 - 0.65. Remember, the idea is cancelled if a daily candle closes below the support. Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :) Always DYOR and please feel free to leave a comment with your thoughts!
Long
by kush23456
2
GALBTC .618 Fibonacci| PA Range| Low Volume| Trend Evening Traders, Today’s analysis – GALABTC – trading at a technical location where as bouncer is probable, Points to consider, - Price Action Corrective - .618 Fibonacci Support - Range High Objective - Low Volume - POC Resistance GALABTC’s immediate price action is corrective and is trading in an equilibrium where a breakout is probable, allowing for a bullish bias. The current resistance is the POC, breaking this level is critical for a continuation to the range highs. The current volume profile is below average, an influx is needed for a trend continuation. Overall, in my opinion, GALABTC is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “You have power over how you'll respond to uncertainty.” ― Yvan Byeajee,
Long
by The_Alchemist_Trader_
$AMD possible short scenarioAMD obviously is in a uptrend, but right now we are seeing a little correction (possibly about 28%). I am positive that the current (possible) LH will lead to a drop to the support level (labeled), from there we could either see a 1)bounce or a 2)break. 1) Bounce: ... could lead to another LH which will extend to the red rectangle (resistance), followed by another (rather sharp) drop, which will most likely break the first level of support. At the next level of support (TP for my trade) the correction will most likely come to an end (since we choose this support level by combining a trend line (based on prev Ls) and a major support level (previous Hs and Ls + wicks), which is a pretty solid indicator for buy orders being placed around there). This trade will give me a 3.33:1 RRR, which I am satisfied with (1.5% risk --> 4.995% gain). 2)Break: ... could lead to a retest of the broken support (labeled as support). In this case I would rather not go short, since there will be a bigger risk of wicks (hitting my S/L). My strategy for this scenario is to wait it out and miss the juicy short selling gains, and enter a long position on the previously mentioned 2nd support, which is more reliable than the first (labeled) support. As always: no financial advice
FTX:AMDUSDShort
by SimpForProfit
AVAXBTC Rising Channel| .618 Fibonacci| POC| Volume Evening Traders, Today’s analysis – AVAXBTC- trading in a rising channel where a rotation to the lows of a technical confluence location is probable, Points to consider, - Price Action impulsive - .618 Fibonacci Support - Bullish OB Confluence - Low Volume - RSI overextended AVAXBTC’s immediate price action is impulsive and is trading towards a technical trade location that has confluence with the .618 Fibonacci and a Bullish OB, allowing for a long entry. The immediate objective is the Weekly S/R, exceeding this level will lead to a trend continuation. The current volume profile is below average, an influx is needed for a strong expansion, this will also directly influence the RSI. Overall, in my opinion, AVAXBTC is a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, Beginner’s luck often stifles growth. Losses and failure are good for you.
ALong
by The_Alchemist_Trader_