OP LongAfter a long wait, I am currently waiting for this pair to give me my confirmation for a long position.
Price already in my area of value, just waiting for the market to tell me to get in on a Buy.
Buy bias for the coming Months.
Hello Friends!
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**First Scenario - Long:**
Initial Target: $3.3
Entry: $2.4
Stoploss: 2.2
**Second Scenario - Short:**
It's already tested at $3 in price.
Less probability of going down, but if you're shorting, double-check your stop loss.
In a general bear market, prices can drop to $1.8 or $1.6 if they go below $2.2 level.
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Take into consideration:
Holders have been rising since the start of the year.
Psychological Resistance at $4
Psychological Support at $1.8
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NFA
DYOR
Good Luck!
⚠️Caution: Just because I've set my buy and sell position Settings or drawn direction lines on my chart doesn't indicate I've opened a position or am obsessed with a particular bias. This is only a forecast; I don't trade when the price reaches my level; I have rules of engagement. Perhaps the most crucial element is 🆘RISK MANAGEMENT🆘.
Marketstructure
Polkadot - higher time frame setupWe are looking for a higher time frame play on DOT. We believe the recent setback provides a good opportunity to place our first entry. If the price drops further, potentially due to news or other factors, we plan to place a DCA (Dollar-Cost Averaging) bid below the current daily demand zone.
The daily demand zone should hold; otherwise, the bullish count would be invalidated, and we could see lower prices. The target is not specified yet as we are waiting for the market to show us potential levels.
From the chart, we can see the following key points:
- The daily demand zone around $7.17-6.88 is crucial for maintaining the bullish structure.
- The next significant resistance lies in the daily supply zone between $8.58 and $9.11.
Let's see how this plays out as the market evolves. ✅
New Strategy Testing Consolidation HypothesisIf you see previous trades in this account, you'll notice this strategy has never been used before. This strategy consists of new indicators I created through my own research and back tested it using Yahoo Finance Data. Today I finally coded the indicators into tradingview, however I will not be sharing the code.
Basically, the indicator is reading the trend as it currently is. Determining it's a bullish trend if the blue line is above 0 and the opposite is true. Once the blue line reaches the limits, then it's considered a local minimum or maximum. These however are not always activated, so it's up to the user to determine if the movement is way too close to the limit and therefore should close the position.
However, it can also be possible that a strong trend causes many consecutive maximums to appear. It's up to the user to determine if the maximums are just part of a strong trend or actually a maximum. This exception happens more on the upside than the downside, making minimum signals more reliable.
Looking at how the SPX has behaved and seeing it come out of a slump and with the elections coming up it would seem reasonable to see investors skeptical about the future. Whoever wins the election will have a heavy impact on the price action, however, I doubt investors will make up their mind until then. Therefore, it's reasonable to assume the market may stall before continuing its growth. Also allowing the technicals to reset for a healthy bullish setup for the long term.
Warning: This is the first live test of this strategy!!
Estimate time for price to increase :
1months-6 months
Expect price to stall within the drawn range. For the following weeks
I don't expect any mayor price movements until the elections, unless a sudden international event happens.
XAUUSD ANALYSIS FOR MONDAYour last prediction for gold xauusd was perfect as we stated once it breached the 2397 it touched both 23408 and 23420 targets.
next week we find a strong rejection in 2419-2422 area if the target is breached the gold will fly to next resistance of 2434 and 2445 . and if rejected from 2419 we can find a down fall to 2376 by following supports in 2397 and 2382.
BULLISH TARGETS : 2397 ✔️✔️✔️
2408 ✔️✔️✔️
2420 ✔️✔️✔️
NEW BULISH TARGETS : 2434
2445
BEARISH TARGETS : 2397
2388
2382
2376
#XAUUSD #SINGNAL #FOREX #ANALYSIS #CHART #MARKET #TRADE #TECHNICAL #CANDLESTICK #GOLD
Aggregate Rate of Return All 401(k) PlansThe purpose of this chart is to show how retirement funds are drained once returns reach 20%.
The reason this happens is because the purpose of the 401(k) is to prevent working people from ever reaching anything that resembles financial independence.
From the time we begin our careers to the time that we reach retirement age, we are CONSTANTLY told that if we do NOT use the 401(k), we are "leaving free money on the table".
But look at the chart.
The reality is: retirement funds get drained, people lose their life savings ('08), and big institutional funds (supposedly fiduciaries) get bailed out, WHILE YOU LOSE EVERYTHING YOU WORKED TO BUILD.
All I'm saying is: if you work with a "financial professional", you have a right to ask questions. You have a right to seek answers. You have a right to know what THEIR plan is for YOUR money.
Look at the S&P 500.
Ask your advisor: What causes these massive drops? Why does this occur? Am I protected?
I will build on this in my subsequent chart publishing.
STX - both entrys filled ✅This surge needed to correct at some point either we are going down now or we are pushing up a bit before correcting either way we should be falling in the near future and we want to place two entrys here on STX. The first entry is on the 4H FVG and the second DCA entry on the edge of the demand down below. We are using the same hard stopp on both entrys and the same target, the 12H supply zone. This target is just the first very big resistance you can hold it longer or close it before that. As always please try to think by yourself when trading and adopt your trading style and risk management to it.
Bitcoin - ready for possible setbackJust in case we are getting a pullback on BTC we want to have a limit order in place. We want BTC to retrace to the 2H FVG which is sitting on the MDay-High Range and just above the 2H Supply Breaker. Also with the volume profile next to it it should have enough momentum to hold this level at around 63.5-63k
Crypto Market InsightsExamining the broader crypto market, it's evident that we've hit the Wave 4 target zone on the Total Market Cap chart, reacting perfectly—a precise landing in this case. This suggests that, looking at the entire market as a unified entity, we should form new local highs and surpass Wave 3.
When we look at other indicators, like the Ethereum to Bitcoin chart, we see that the price is falling, indicating Ethereum's strength relative to Bitcoin has been declining for some time. We're now at the lowest level in three years. This could soon reverse, potentially triggered by a trendline that has been touched twice since January 2020, indicating a possible turn.
If Ethereum turns around, it would likely lead the Altcoins. During an Altcoin season, Ethereum usually pumps before other Altcoins follow. This means we need a bit more patience.
Regarding Bitcoin dominance, we expect another rise to continue the four-month trend of higher highs and higher lows. This could lead to a subsequent drop in dominance, possibly placing us back in the current range. A falling Bitcoin dominance, combined with a rising Bitcoin price, would propel Altcoins, potentially coinciding with a turn in the Ethereum to Bitcoin chart.
Several factors align favorably. We just need to stay patient, focused, and ready to seize opportunities.
Bitcoin & Ethereum - Market Thought
Just checked BTC and ETH again and escpecially ETH is playing out like wanted. The strenght over the last days was nothing not to note but we said it in our last report, we need to flip 64,2k on BTC and 3200$ on ETH to remain bullish in the long term. On BTC we are back to exactly 64,2k where we rejected multiple times now throughout the last weeks and on ETH we got the current quartarly VWAP coming in our way. There should come a correction of the past surge in the coming days but how far? Either we are coming down on BTC 62,7k, ~60k or even a new lower low to 55k. It is all not of the table so be cautios and always trade with stop losses if you are trading with leverage.
A possible setup for BTC could be another drop into the 2H FVG and than a push upwards to the current level, this idea would be much stronger if we are getting a candle break over 64,3k else we could be witnessing the same sell off as the last time we tried to break this level and ended as an SFP. Moreover we are being slightly oversold in the RSI and on the edge of our monday high range, the coming days could get interesting
Potential Long Setup on OPWe've identified a promising long setup on OP with several strong confluences:
1. **Sweep of MDay-Low Range**: The price has swept the MDay-Low range, moving right into the Fair Value Gap (FVG) and Demand zone.
2. **Bullish Market Structure**: The market remains bullish as long as the demand holds.
3. **Range Low Within Demand**: The range low is situated inside the demand zone.
4. **Multiple FVGs Above**: Various FVGs on different time frames are positioned between $2.83 and $2.97. We anticipate these levels will be taken out in the future, though the timing is uncertain.
Additionally, we have lost the trendline and retested it perfectly, which should provide sufficient momentum to the downside, allowing us to get filled here. We have set the stop loss a bit wider than usual to account for a potential dip below the demand zone to capture the resting liquidity there. All these factors combined provide enough momentum and security to validate this setup as a high-probability trade.
BTCUSD: The Game of Probabilities | New ATH? 65.28% Chance!Medium-term analysis of COINBASE:BTCUSD indicates that the price is poised to surge towards new all-time highs, with a probability of 65.28%!
Let's get into the underlying reasons for this:
1. The current status on the "1D" timeframe is "Active," indicating that the price has already reached and touched the 50% equilibrium level on the current timeframe.
2. Since the price has reached the equilibrium level of the daily timeframe, our focus now shifts to determining which liquidity side presents higher probabilities compared to the other.
3. In this scenario, the 1D/BSL (Buyside liquidity) indicates a 65.28% probability of the price reaching the 73835.57 level again.
More details:
Feel free to share your thoughts or any feedback you have on the analysis.
Also, if you're interested in analyzing the probabilities directly on your charts make sure to check out the Free Public Indicator that I've published recently!
RNDR - another long opportunityRender is reacting more than others and it seems to be in an different market structure here as we have been building more higher higher lows and higher highs when zooming out. Currently we are on the edge of the MDay-Low range, we are looking for a sweep of this Weak Low and the MDay-Low right into the 1H demand zone and the range low. The volume profile should hold too. If RNDR is not holding this case, we are going to drop to $8.68-8, where we are going to set new entrys in case we fall through the demand. This setup is more risky as BTC seems to not get above the desired 63.5k level. Manage your risk accordingly.
BTCUSD Major Sell NOW!Simple trading - Heads and shoulder
BTCUSD is dropping below the 1hr heads and shoulder pattern.
2 things will play out here,
1. BTC will continue to drop to target @60k or retest the previous resistance @62k then drop to the 60k level.
2. BTC will reject the head and shoulders pattern and regain bullish strength back up to 64k
**If BTC fails to remain above 60k price may fall to to 57k (daily support)
Eurjpy Potential Sell setup 400pipsSo the view of this downside move is based on USDJPY analysis which we talked about how the interest rate differential, Similar pattern behavior of USDJPY as the government sell bonds to buy back their currency yen!! so we are looking at the same theory at play
This is the video I talked about USDJPY similar pattern
So we could see price retrace to 61.8% fib or in between 50%-61.8% so have a eye on that yellow zone for confirmation of sell setup to downside
Risk management is very good!! with decent ROI
Follow for more forex analysis
Eur/jpy Wonderful trade 150pips Closed!!Based on what i was looking on usdjpy , I saw all the yen pair retracing as we reference UJ as a liquidity pair that set the direction of other pairs of yen. so we got into yen as explained on the weekend. hope everyone enjoyed the breakdown!!
Thank you . please follow for more forex analysis
Eurusd rejecting key levelsBased on the weekend analysis on eurusd we talked about the dollar strengthening,and now we see multiple rejection on H4 & H1 Timeframe (sort of triple top formation)
So we have nice confluence with trendline plus the break of the neckline of triple top. so we still need price to be below the daily head and shoulder pattern. around 1.07400 level.
This was the video explanation, please watch it to get clear understanding
Follow for more forex analysis
S&P500 Valuation In Current Economic EnvirontmentHello everyone,
as title says, today I would like to speak about the S&P500 and its market valuation in the current economic environment.
Since I prefer to study and analyze markets on higher time frames rather than day-to-day, this Case Study is based on quarter outlook (3M chart), to capture most of the available information using metrics that have significant inputs and outputs on the economy e.g. Interest Rates, Employment Rates, company Bankcruptcies & others.
I decided to make this Case Study since I believe we may be on the verge of facing difficulties on micro and macro levels, which in history led into a downturn of equity markets for a prolonged period of time.
It may be argued that some of these Cases are not relevant since they don't include full data, and that would be fair. But at the same time, I would point out that these data and used Cases are the most relevant to this day, because of their similarities to today's economic environment even if not in a full manner.
For better understanding, you need to take a look at Pic1.
(Pic1.:S&P500 chart with color legend)
-Captured time windows consist of the US Unemployment rate moving from relatively low levels to higher values in times when Interest Rates are relatively High. To make a better educated guess I included US bankcrupcies as an overall business health indicator.
-Inflation Rate or Federal Reserve Balance could be used additionally.
Historically, I would argue that the most similar to this day looks Case Nr.4
In both, we have:
a, rallied to ATH in unfavorable market conditions (3to4, 5to6?)
b, unemployment rate curving up from the bottom
c, bankcruptcies curving up from the bottom
d, interest rates are high (and cuts are around horizont)
Why is that important?
Because as Pic2. shows:
(Pic2.:S&P500 drawdown from top)
-In all of these cases market bled and did not start turning around BEFORE FED found the bottom rate.
And they have not even started cutting yet..
That in my view is a huge red flag and it brings attention to "Not IF we are about to go lower, but WHEN we are about to start going lower."
It may be a month, two or three... but if we take a look at what the chart and those economic metrics suggest, it's most likely will not be a pretty ride until all of those are resolved in favorable manner for markets, which may take year or longer as historical cases shown..
Unless they decide to print NEW TRILLION$$$
Hopefully, this case study was helpful for some of you in further market navigation.
If YES, please consider liking or sharing this post, it would mean a lot to me.
Also, if you are interested in more updates or you would like to receive personal analysis with lower time frame updates daily, let me know in the comments or DM.
Best Regards,
Joe