Longsetup
BTC LONG 25/12/24 - SHORT TERM VIEW This is a Bitcoin price chart with two potential upward price movement patterns marked.
Here’s a summary:
Current Price Level: The chart indicates Bitcoin is trading near $98,640, with resistance and support levels clearly marked.
First Pattern (Bullish Move): A potential price breakout towards the $102,650 level, continuing to the $105,230 level, following a bullish trend.
Second Pattern (Pullback and Recovery): A potential pullback near $95,770- 96,370 before rebounding and breaking higher to the same levels as the first pattern.
Key Levels:
Resistance Levels: $100,640, $102,640, and $105,230.
Support Levels: $96,370 and $95,770.
Structural Stop-Loss Level: $93,500 for all long trades, as indicated by the "VIEW FAILURE" note.
Technical Indicators:
The chart displays moving averages 10 & 20, showing convergence near the current price, which may indicate the possibility of a trend continuation.
This suggests a focus on potential upward movements while managing downside risk with a clear stop-loss level.
This is my view - Trade at your own risk !
ICP: Bullish Momentum Signals Potential BreakoutLet’s dive into an interesting setup on ICP/USDT that’s starting to show strong bullish signals across multiple indicators. This could be a great opportunity for those who are closely monitoring trendline breaks and momentum shifts.
Key Observations:
1️⃣ Trendline Break Imminent:
ICP is approaching a critical descending trendline. Historically, a breakout above such levels often leads to a strong upward momentum. The current price action suggests mounting bullish pressure, and a decisive close above the trendline would likely confirm the breakout.
2️⃣ Momentum Shift in PrimeMomentum:
On the daily timeframe, the momentum lines in the PrimeMomentum indicator are reversing upward. This is a strong signal that buyers are regaining control and momentum is shifting in favor of the bulls.
3️⃣ Bullish Divergence on WaveFlow:
The WaveFlow momentum clouds are showing a clear bullish divergence. This divergence often signals that the downtrend is weakening and a potential reversal is on the horizon.
4️⃣ Support from Higher Lows:
The price action has also formed higher lows, aligning with the momentum indicators and suggesting that buyers are stepping in at increasingly higher levels, strengthening the case for a bullish breakout.
What to Watch For:
Confirmation of Trendline Break: A daily close above the descending trendline would be the first confirmation of the breakout.
Momentum Continuation: Look for further upward movement in PrimeMomentum and sustained bullish signals in WaveFlow to validate the strength of this setup.
Potential Targets: If the breakout occurs, the next significant resistance levels could be around $12.50 and then $14.00, based on historical price action.
Risk Management:
As always, be cautious. If ICP fails to break the trendline and closes below the $10.50 support, the bullish setup could be invalidated. Setting stop-losses below this level would be prudent.
Conclusion:
This is a high-probability setup worth keeping on your watchlist. A breakout here, coupled with strong momentum signals, could lead to a significant rally in the coming days.
Let me know your thoughts in the comments, and feel free to share your targets for this potential move! 🚀
Next Bitcoin Long Setup at $87K
Next Bitcoin Long Setup at GETTEX:87K
Hey Crypto Enthusiasts,
I'm eyeing a LONG setup on Bitcoin (BTC) at the $87,000 mark. Here’s why this level is significant:
Historical Resistance: GETTEX:87K has previously acted as a resistance level where Bitcoin faced considerable selling pressure. Breaking this barrier could signal strong bullish momentum.
Market Sentiment: With recent posts on X discussing accumulation around this price point, there seems to be a consensus forming around this level as a potential entry point for long positions.
Technical Indicators: Technical analysis from various sources suggests that this price could be where Bitcoin consolidates before another push to new highs. Analysts are looking at GETTEX:87K as a key area for a bullish breakout, especially if Bitcoin reclaims $59,600 first, which could act as a springboard.
Market Dynamics: The surge past GETTEX:87K in November 2024, coupled with significant institutional inflows and a post-election rally, indicates that this level could be a pivot for the next leg up. With Bitcoin ETF volumes soaring and daily network inflows robust, the stage seems set for a possible rally.
My Strategy:
Entry Point: I'm setting my limit orders around $86,386, just below the GETTEX:87K mark, to catch any dip buying opportunities.
Stop Loss: Manual stop loss below $83,831 on a 4-hour close to protect against unexpected drops.
Targets: Aiming for new highs, with immediate targets at $93K and $96.5K, based on current market liquidity and futures data.
Remember, always do your own research and manage risk appropriately. The crypto market can be volatile, and this is just one perspective on a potential setup.
Stay tuned for updates, and let's see if Bitcoin can make another significant move!
Merry Christmas!
#Bitcoin #CryptoTrading #LongSetup
This is not financial advice
GOLD → Short to Medium-Term OutlookDear Traders, Ben here!
Recently, gold has been struggling to sustain its peak at $2,633. The bullish momentum for gold has been hindered by several factors, including the Fed's anticipated slowdown in the pace of interest rate cuts moving forward.
On the 1H chart, although the uptrend remains supported and the parallel channel has been broken, there are signs of a potential top forming around $2,633. The current support level stands at approximately $2,618. Should this level be breached, it could drive gold into a deeper decline, potentially reaching $2,603.
ALRS 1D Long Investment Aggressive CounterTrend TradeAggressive CounterTrend Trade
- short impulse
+ volumed T1
+ support level
+ biggest volume Sp
+ weak test
+ first bullish bar close entry
Calculated affordable stop limit
Take profit
1/3 - 1 to 2 R/R
1/3 - 1D T2 / 1M T2
1/3 - 1/2 of 1Y
Calculated affordable stop limit
Take profit
1/3 - 1 to 2 R/R
1/3 - 1D T2 / 1M T2
1/3 - 1/2 of 1Y
Monthly CounterTrend
"- short impulse
+ volumed TE / T1
+ support level
+ volumed Sp
+ test"
Yearly Trend
"+ long impulse
+ 1/2 correction
+ T2 level
+ support level
+ manipulation"
ENA....easy 5x in upcoming altcoin seasonEna is an Ethereum-based token powering the Ena ecosystem, focused on decentralized finance (DeFi) and blockchain innovations. With a robust staking mechanism, utility in governance, and growing adoption in Web3, Ena offers long-term growth potential. Its unique features cater to both developers and users, driving engagement in the decentralized economy easy candidate for 5x in Q1 Altseason.
ADA - Gearing Up for a Breakout?After an impressive rebound from the trend-based Fibonacci extension 1:1 at $0.7655, ADA has been consolidating between $0.92 and $0.85 for the past two days. As the new week begins, today's wOpen at $0.8834 is a critical support level, perfectly aligning with the key level at $0.8806. Holding above these levels reinforces a bullish outlook.
Key Insights and Trade Setups:
Support Zones to Watch:
$0.8834 (wOpen) and $0.8806 (Key Level).
Maintaining above these levels keeps the bullish structure intact.
Long Setup Options:
A great long opportunity was from today’s wOpen ($0.8834).
Alternatively, wait for a retracement to the golden pocket at $0.8877 of this current wave.
R:R: 2.5, a solid potential reward for the risk taken.
Target for Long Trades:
Aim for the Fibonacci 0.618 level at $0.9448, which aligns with the daily resistance level.
This zone also represents a high-liquidity area where short sellers may be forced to exit positions.
Pattern Confirmation:
The potential formation of an Adam and Eve pattern strengthens the bullish case. Confirmation comes above $0.9155, suggesting further upside.
Scalping XAU ! Short recovery trend 2645 monday⭐️Smart investment, Strong finance
⭐️GOLDEN INFORMATION:
Gold price (XAU/USD) continues to rebound from the one-month low reached last Thursday, marking its third consecutive day of gains as the new week begins. The metal maintains its upward momentum during the early European session, supported by safe-haven demand fueled by geopolitical tensions and concerns over trade disputes. However, the generally optimistic market sentiment limits further upside for the precious metal.
⭐️Personal comments NOVA:
Gold is currently sideways in the price range of 2620-2630, short-term recovery trend, target retest range 2645
⭐️SET UP GOLD PRICE:
🔥BUY GOLD zone: $2626 - $2624 SL $2621 scalping
TP1: $2632
TP2: $2640
TP3: $2645
⭐️Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable BUY order.
⭐️NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
GOLD--> Just one step away from $2700Hello everyone, Ben here!
Last week, we witnessed a significant drop in gold prices, with the precious metal hitting a low of $2,583 at one point. Currently, gold is trading around $2,623, maintaining a stable position this week.
The rebound in gold prices at the end of last week was supported by the weakening USD and a decline in U.S. Treasury yields. This was driven by the latest economic data, which revealed that U.S. inflation is slowing down, easing the pressure on gold prices.
Personally, I, Ben, strongly believe that the upward trend for gold will gain more certainty in the coming period. However, gold must break through the current resistance levels to further expand its growth potential. On the other hand, if the price falls below the $2,620 support level, it could drop further to the dynamic support at $2,600. From there, we might expect the upward trend to resume, with potential targets at $2,650 and $2,700 in the foreseeable future.
Stay sharp and trade wisely!
Yours truly, Bentradegold.
USDJPY → Price Struggles at Resistance, Eyes a PullbackHello, my wonderful friends of Ben!
Recently, USDJPY has been struggling to maintain its peak around the 154.00 USD level. The bullish momentum of USDJPY has been hindered by several factors, including the ongoing Fed interest rate meeting.
Fundamentally, today is a critical day for the market. At 19:00 GMT, the Fed’s interest rate meeting, with a 93% probability of a 0.25% rate cut decision, will take place. This will make the dollar less attractive. If the dollar starts to adjust downward, it will affect the corresponding currency pairs. However, I do not rule out the possibility that, amidst high volatility, the price could form a retest of the resistance level and a false breakout.
Personally, Ben expects the price to consolidate below the resistance area around 155.00, with corrective pressure against the trend dominating in the near future. The current support level is around 152.01. If this level is breached, it could lead USDJPY to a deeper decline, potentially reaching 149.37.
Best regards,
Bentradegold!
etcusdt midtem long"🌟 Welcome to Golden Candle! 🌟
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Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
PNUTUSDT → Consolidating for a Potential Explosive RallyBINANCE:PNUTUSDT following a sharp decline, PNUT is showing signs of a powerful comeback. The chart reveals a classic reversal pattern, indicating the potential for a bullish surge.
While Bitcoin remains flat, PNUT is taking center stage with a double bottom formation, signaling strength and an entry into the rally phase. The next big challenge? The resistance zone at 0.75. Breaking above this level and solidifying support could be the launchpad for an impressive ascent. Primary target is 1.0, next targets are 1.15, 1.35.
GOLD → Interest rates are dropping, so why is gold falling?Hello, dear friends! Ben here!
Gold prices remain consolidated below the $2,600 level following a strong two-way price movement in the previous session and stay near their lowest point in over a month.
The primary reason for the decline in gold prices is the recent decision by the U.S. Federal Reserve (Fed) to cut interest rates by an additional 0.25%. While this move was widely anticipated, the Fed also indicated that it plans to reduce rates at a slower pace in 2025. The impact of recent Fed rate cuts had already been priced into gold. At this point, investors are eager to know how many rate cuts the Fed will execute in 2025.
According to the Fed's latest interest rate projections, only two rate cuts are expected in 2025, compared to four cuts projected in the September forecast. In theory, the Fed’s hawkish stance has worked effectively: the dollar has strengthened, and the markets have weakened.
Today, all eyes are on GDP and the PCE data—an index the Fed considers a key measure of inflation.
From a technical perspective, after retesting the previously broken channel boundary and an imbalance zone, gold prices have dropped further. As a result, a clear trend is emerging that warrants close observation. If the price fails to hold above the critical support level around $2,586/ounce, it is highly likely to decline toward the $2,521/ounce area.
Sincerely,
Bentradegold!
NEAR - Primed for Action: Long Setup to $6 NEAR experienced a strong bounce after a significant sell off. The price has now retraced into the golden pocket zone (0.618–0.666 Fibonacci retracement) and appears to be accumulating within this range atm.
Key Observations and Trade Setups:
Accumulation at Golden Pocket:
The formation of a trading range in this area indicates that buyers are stepping in.
Once volume begins to pick up, it could signal the start of an upward move.
Upside Target:
Using the Trend-Based Fibonacci Extension, we project a 1:1 target around $6, which coincides with a key resistance level and another golden pocket zone.
This provides a potential gain of +22% for the long trade over the coming days.
Short Opportunity at Resistance:
The $6 level represents a strong confluence of Fibonacci and resistance, offering an excellent shorting opportunity if the price gets rejected there.
Trade Plan:
Long Setup:
Entry: Current accumulation zone around $5, also a key level to watch
Target: $6 for a possible +22% gain
Stop Loss: Below $4.50
Short Setup:
Entry: Around $6, once rejection is confirmed
Target: Depending on confirmation, potentially back to the golden pocket zone
WLD ANALYSIS🚀#WLD Analysis : What Next ??💲
✅As we can see that there was a formation of "FALLING WEDGE PATTERN" in #WLD. We are expecting a bullish move in #WLD after a breakout of falling wedge pattern
🔰Current Price: $2.220
🎯 Target Price: $3.080
⚡️What to do ?
👀Keep an eye on #WLD price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
#WLD #Cryptocurrency #TechnicalAnalysis #DYOR
BTC/USDT ! HOUR DESCENDING BROADENING WEDGE LONG TARGET 105KIn this idea I have a clean descending broadening wedge that is about to take off to 105k. Target is clearly marked and should hit that no problem. If you agree throw me a like and follow me for more setups that keep you in the money. Much love - ND
Novo completely oversold🐂 Trade Idea: Long - NOVO
🔥 Account Risk: 20.00%
📈 Recommended Product: Stock
🔍 Entry: +/- 750.00
🐿 DCA: No
😫 Stop-Loss: 675.00
🎯 Take-Profit #1: 1,000.00 (50%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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Novo Nordisk is completely oversold (in fear of RFK) and so is the rest of the Pharma sector as well. Nevertheless, Novo is still printing money and trial results for a new product should come in end 24 or beginning 25 for the oral version of the weight loss drug. The fear over political decisions in the US should be used to buy the Pharma sector. For me, it is Novo and Regeneron.
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Disclaimer & Disclosures pursuant to §34b WpHG
The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.
Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.