M-oscillator
Early Impulse on Booking Holdings. BKNGDowngoing triple drive/ABCDE completed, with price action highly suggestive of a reversal. MIDAS curve crossed, cross of vWAP and US also present. That huge candle crosses both also. Crosses on Stoch-RSI and VZO indicators as well. Highly suggestive picture of continuation of bullish price action.
Chevron Heading Underground. CVXA bearish outlook on this situation from a purely technical standpoint. The amalgamation of factors make for a convincing picture. There is a break of MIDAS line, price action cross of US and vWAP line, cross of US/vWAP lines, negative volatility zone oscillations, negative stochastics, trigger cross of downgoing vzo ribbon. And to top it off, exit out of the OBOS territory by the momentum indicator. Good luck out there!
Linde PLC Overstretched. LINConsidering a short on the six hourly chart for Linde. Even though MIDAS line had not been crossed, the market cannot continue in this current fashion. The picture is overbought, flipped on stochastics and volatility with both US and vWAP crossed by price action, which is also suggestive in itself. Different strategies are required in taking advantage of ongoing trends, reversals and breakouts. One strategy or just one algorithm to take advantage of just one aspect of market action is never enough to draw consistent profits.
DXY at Crossroads? Break in Trend Points to Dollar WeaknessUnless we see a significant rally into Friday’s close, the US Dollar Index (DXY) weekly chart suggests the cycle high may already be in. The current three-candle pattern resembles a textbook evening star, often seen at turning points. An opposite morning star signal in early December proved accurate, as did the evening star in late June last year.
This latest signal is notable, especially as it coincides with a break in the uptrend that followed Trump’s election win. Adding to the bearish case, the RSI (14) uptrend from September has been broken, and while not yet confirmed by MACD, it too appears to be in the early stage of rolling over.
Traders should watch for a potential break of support at 107.75, a level DXY has bounced off in three of the past four weeks. If that level gives way, downside targets include 106.736 and 105.44.
Although not technical, it’s worth noting the market has trimmed expectations for Fed easing this year, dropping from six cuts to fewer than two since September. This shift leaves the dollar vulnerable given how much bullish sentiment towards the US economy is already priced in.
$SPY January 23, 2025AMEX:SPY January 23, 2025
15 Minutes
The consecutive gap ups cannot sustain.
A pull back is required around 598-602 levels over the next 3 trading days for the moving average to converge.
I will have a contra setup to short 607-607 levels for 602 levels for the moment.
Usually in 15 minutes chart a difference over 15$ between 200 and 9.21 average results in sideways or a pull back.
EUR/USD - High Probability Trade SetupLooking at this chart price is appearing Bearish but I have other beliefs. As you can see on a Monthly TF you can notice a clear Elliots Wave 1-5 Pattern Followed by this current breakout.
Typically Liquidity will sit higher and will remain untouched after breakout as shows in this graph, I believe we have seen a large swing point being at a Phycological Level and now on smaller time frames we are seeing Bullish movements.
To confirm this Theory on the Daily we have noticed the previous Bullish movment took out Swing High Liquidity and is extremely Oversold. Price will be falling but to where..? We have creating a Change Of Character and unless this changes im now looking for Buy positions. We are creating Higher Highs in the 4H and breaking previous structure points.
On the Chart I have market out key levels being OTE zones, Discount areas and Liquidity all being lower than the current price suggesting this pullback period will inverse this imbalance before pushing us into Higher Highs once again
Will be adjusting our Entry Models as price action moves
Good Luck to all Traders who follow along
Stimulus Hopes Test Downtrend Resistance as Bulls Eye BreakoutChinese policymakers have unveiled another round of measures aimed at boosting sentiment and valuations in mainland stock markets, pushing insurers and state pension funds to increase future allocations.
Who knows whether it will work—the headlines are essentially recycled with a bit of extra detail. Previous stimulus attempts have also fizzled fast, as the price action over the past six months shows. But the announcement is timely, providing a catalyst to spark a bullish breakout.
A50 futures sit at an interesting juncture, sandwiched between downtrend resistance dating back to October’s stimulus euphoria and the critical 200-day moving average.
The price has already taken a couple of looks above the downtrend only to reverse back lower, including earlier Thursday after the details of the plan were released.
However, given the risk state funds may be ordered to buy to drum up excitement among retail investors, it will be interesting to see whether we see a rally into the close.
If we do and the price closes above the downtrend, one setup to consider would be to buy targeting 13200/50-day moving average, 13727, or even the double-top of 14366 set late last year.
Depending on your target and risk tolerance, a stop could be placed beneath the downtrend or 200-day moving average for protection.
Momentum indicators have turned bullish, potentially improving the probability of a breakout sticking.
Good luck!
DS
Cycle similarity according to Pi-Cycle Top Risk/DeflectionAligning the bottoms of the Pi-Cycle Top Risk (PCTR)/Deflection (PCTD) indicator shows that this cycle has shown more similar behavior to the 2016-2017 cycle than the 2020-2021 cycle. So far we have had two major waves of the PCTR/PCTD, just as in the 2016-2017 cycle. The 2020-2021 cycle only had one. The third larger wave in the 2016-2017 cycle led to the blow-off top.
This is just one piece to the puzzle, but I think we are looking at a "smoother" cycle until the top (similar to 2016-2017), but I don't think we will get a blow-off top again in $BTC. I'm looking for more of a Wykoff distribution top like the first top in 2020-2021.
--Da_Prof
$TRUMP 1H Chart Analysis – Bearish Sentiment with Key LevelsHere's my quick take on $TRUMP's 1-hour chart:
🐻 Current Sentiment: Bearish
Key Highlights:
🔴 Resistance Rejected: A failed breakout rally indicates selling pressure at higher levels.
🔴 Fakeout Rally: A fakeout near resistance has further strengthened the bearish case.
🔴 RSI: Not yet oversold, signaling there may still be room for downside.
🟢 Stoch RSI: Oversold, suggesting a potential short-term bounce near support levels.
Key Levels:
Resistance Zone: $40.50 - $46.00 (Ideal shorting opportunity when overbought).
Support Zone: $30.40 - $31.37 (Potential entry point for long positions).
My Plan:
Short at resistance or during overbought conditions.
Watch for a bounce near the support range.
Closing Thoughts:
This is a short-term analysis that’s only valid for the next 12 hours, so stay sharp! What’s your take? Bullish or bearish? Let’s discuss!
#CryptoTrading #TRUMP #Altcoins #TechnicalAnalysis #BearishTrend
SHOP Go Long! Will it break out this time?Recently SHOP has retraced and held the 50% Fib level and has been trading within a channel where it is about at the mid point of it. The King Trading Momentum Strategy yesterday issued a buy signal. This strategy combines the 5 EMA crossing above the 13 EMA, RSI strength, favorable momentum as measured by ADX plus evaluating recent volume changes. It has been forming a bull flag on the hourly and pre-market suggests this may be ready to break out. I followed the signal and bought a half position, looking to protect the trade at take-profit of 4%. During backtest this proved to be an optimum area and a stop-loss of 3% is warranted. SHOP and over 100 equities are built into this script. If trade protects at 4%, a trailing stop-loss of 2% will be adhered to in order to lock in as much profit as possible if this stock breaks out of the descending channel! I'm thinking its not too late for me to add to this position given typical morning volatility.
$SPY January 22, 2025AMEX:SPY January 22, 2025
15 Minutes.
The gap between 200 and price in 15 minutes is more than 12$.
For the extension from recent low near 575 to 592 to 589 604 targets will be achieved.
But there is oscillator divergence.
A pull back this week to 597-598 levels which is 100 averages on 15 minutes will be a good entry point for long.
For the day holding 601 is important.
"Look At The Gold Price...You Will Notice 3 Things"Honestly life is no fair.Sometimes you are trying to me something for yourself and you fail.
Meanwhile you are feeling lonely because you are on this journey of capitalism alone.
But there is hope if you don't give up.
When you look at the price of gold TVC:GOLD
You will notice 3 things:
👉The price is above the 50 EMA
👉The price is above the 200 EMA
👉The price has the #1 candlestick pattern
What is The #1 Candlestick Pattern?
Look close enough you will see 3 Green Candlesticks this pattern
according To Steve Nissan's Book showing you candlestick patterns
Is called the 3 white soldiers
This candlestick pattern is a bullish pattern showing you a rally up
This is what I called the rocket booster strategy.
To learn more about it rocket boost
This content.
Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies because you will lose money.
Also use a simulation trading account before you use real money.
RUS 2000 | Market Crash AheadDetailed analysis in regards to my latest video.
Comparing RUS to the general markets we can see that SPX is overperforming which can be used as a leading indicator to prepare for a possible crash to come most likely mid year Q2 - Q4 and bleeding into 2026.
I also added DJT to the mix and it also is underperforming to what the SPX is doing now days.
What does this mean for crypto?
We can see BTC attempt to make one more leg to the upside, no more than $300k and at least a 100% runup from current levels ~($108k).
Altcoins will most likely look to rip Q2 - Q3 as BTC.D struggles to run any higher.
DXY is also at a structural low ~(100) and will look to finish its goal to hit ~120.
My original call since 2021 was to see BTC hit $300k by 2025 - 2026. We'll see if price action surprises me!
My SPX call in 2023 also gladly hit $6,000..we'll see whats next to come👀
Will Solana (SOL) Reach $1000? Positive Momentum Beyonds Memes
Solana (SOL), known for its high transaction speeds and low fees, has experienced periods of significant growth and equally dramatic pullbacks. The question on many investors' minds is whether SOL can reach the ambitious target of $1000. While key technical indicators point to positive momentum, the network faces challenges that extend beyond the fleeting influence of meme hype. This article examines the factors influencing Solana's price trajectory, weighing its potential for significant growth against the hurdles it must overcome.
Technical Indicators Paint a Bullish Picture (For Now)
Currently, several technical indicators suggest positive momentum for SOL. The price consistently holding above both the 50 and 200-day moving averages is a bullish sign. These moving averages are widely used by traders to identify trends, with the 50-day MA representing short-term momentum and the 200-day MA indicating the long-term trend. When the price is above both, it suggests a healthy uptrend.
Other technical indicators, such as Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), can provide further insights. If the RSI is trending upwards without reaching overbought levels (typically above 70), it suggests growing buying pressure. A bullish crossover on the MACD (where the MACD line crosses above the signal line) can also signal a potential price increase.
However, relying solely on technical analysis can be misleading. While these indicators can identify trends, they don't account for fundamental factors like network performance, adoption, and competition.
Beyond Meme Hype: Fundamental Strength and Adoption
Solana's initial surge in popularity was partly fueled by meme coins and NFT projects built on its blockchain. While this generated significant interest and trading volume, it also created a perception of Solana being driven by hype rather than fundamental value. For SOL to reach $1000, it needs to demonstrate sustainable growth based on real-world adoption and utility.
Several factors contribute to Solana's fundamental strength:
• High Transaction Speed and Low Fees: Solana's architecture allows for significantly faster transaction processing and lower fees compared to networks like Ethereum. This makes it attractive for decentralized applications (dApps) requiring high throughput, such as decentralized finance (DeFi) platforms and NFT marketplaces.
• Growing Ecosystem: Despite facing challenges, Solana's ecosystem continues to grow, with new projects and developers building on the network. This expansion is crucial for attracting users and driving demand for SOL.
• Technological Advancements: Ongoing development and upgrades to the Solana network aim to improve its stability, scalability, and security. These advancements are essential for addressing past network outages and building trust among users.
Challenges and Roadblocks
Despite the positive momentum and fundamental strengths, Solana faces significant challenges:
• Network Stability: Solana has experienced several network outages in the past, raising concerns about its reliability. Addressing these issues and ensuring network stability is crucial for attracting institutional investors and mainstream adoption.
• Competition: Solana faces intense competition from other layer-1 blockchains like Ethereum, Cardano, and Avalanche. These networks are also developing and improving their technology, making it challenging for Solana to maintain its competitive edge.
• Negative Perception: The past network outages and association with meme coin hype have created a negative perception of Solana in some parts of the crypto community. Overcoming this perception and building trust will be a key challenge.
• Coinbase Withdrawal Delays: The recent criticism of Coinbase for delays in processing Solana withdrawals is a concerning development. Such issues can erode user confidence and negatively impact the network's reputation. While Coinbase has its own operational issues and this may not be solely a Solana problem, it still reflects poorly on the overall user experience.
The $1000 Target: A Realistic or Distant Dream?
Reaching $1000 would require a significant increase in Solana's market capitalization. This would necessitate widespread adoption of the network, sustained growth in its ecosystem, and overcoming the existing challenges.
While the current technical indicators are positive, they are not a guarantee of future price appreciation. The success of Solana depends on its ability to:
• Maintain Network Stability: Addressing network outages and ensuring consistent uptime is paramount.
• Attract Developers and Users: Growing the ecosystem with innovative dApps and attracting a larger user base is crucial.
• Overcome Negative Perception: Building trust and addressing concerns about network reliability is essential for mainstream adoption.
• Compete Effectively: Staying ahead of the competition in the rapidly evolving blockchain landscape is vital.
Conclusion
Solana has the potential for significant growth, driven by its technological advantages and growing ecosystem. However, reaching the ambitious target of $1000 is a challenging task. While positive momentum is evident in current technical indicators, the network faces significant hurdles, including network stability issues, competition, and negative perception. Overcoming these challenges and demonstrating sustainable growth based on real-world utility will be crucial for Solana to achieve its full potential. The recent Coinbase withdrawal delays highlight the importance of smooth user experience and operational efficiency for any blockchain network aiming for mass adoption. Investors should carefully weigh these factors before making investment decisions.
Gold Breaks $2725 Resistance, Eyes Record HighGold is peeking above resistance at $2725, extending the bullish trend in place since late December.
If it can push above this level and preferably close there, it creates a decent bullish setup, allowing for longs to be established above with a tight stop beneath for protection.
The obvious target would be the record high of $2790 set in late October.
Momentum indicators such as RSI (14) and MACD are trending higher, providing bullish signals that improve the probability of the break sticking.
With price signals from US Treasury futures pointing to the possibility of lower yields near-term, a scenario that could also keep dollar gains capped, the macro environment looks more conducive for upside than periods in the recent past.
Good luck!
DS