Everyone selling GOLD to buy Bitcoin???Hey guys! New trading week is here, and we're entering market with Bitcoin ATH.
Today I want to talk a bit about gold.
And here are some interesting moments. First time since April we finally can see MA cross on a daily chart, and price of Gold is reacting with a big red candle.
Also, as a confirmation, we can see that the volumes are descending and RSI is heading to low edge.
Seems like after BTC ATH some money are flowing from Gold to Bitcoin. The target by Fibo can be zones 0.5 and 0.618.
What you think, guys, is really people starting to reinvest money from real gold to digital gold? Let's discuss
PS. If you're planning to trade the movement, follow the risk ratio, which I marked.
Moving Averages
Celsius Holdings | CELH | Long at $30.00Celcius Holdings NASDAQ:CELH suffered quite a drop over the last 5 months, but it was highly overvalued. While I still view it as fairly overvalued with a P/E of 28x, it's reporting itself as a healthy company, almost no debt, with a bright growth future. Going into earnings, it could have a nice run, but I am staying highly cautious.
From a technical analysis perspective, it fell through my selected long-term simple moving average (white line) and may have a nice bounce from here off the next major support level (blue lines) into earnings. If it does, I expect resistance near $40. Thus, at $30.00, NASDAQ:CELH is in a personal buy zone.
Target #1 = $39.50
Target #2 = $43.00
Target #3 = $47.00
Target #4 = $72.00 (long-term view if no recession...)
Verizon: Weak in a Strong MarketThe S&P 500 just had its biggest weekly rally in a year, but Verizon Communications didn’t participate. Are the bears moving in?
The first pattern on today’s chart is the trio of drops following the last three quarterly reports. Those may reflect weakening sentiment towards the telecom’s fundamentals.
Second, VZ peaked below $45.55 in late September. That was a long-term low from May 2022, which may suggest old support has become new resistance.
Next, VZ has chopped around its 2023 high of $42.58 but is now below it. That could be a sign of resistance taking hold.
Fourth, last week’s slide below the 200-day simple moving average could mark an end to its longer-term uptrend.
Finally, MACD is falling.
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Match Group | MTCH | Long at $32.00Match Group NASDAQ:MTCH is finally at an attractive valuation with ~13 P/E after a stunning rise that started in 2017. The amount of data this company has on its users in such a particular niche will be highly valuable as the world moves toward AI and AI matchmaking. Once large investors realize this, I (personally) feel this stock will 3x or more in the coming 2-5 years. However, it could be a bumpy road to get there since right now earnings growth is stagnant.
From a technical analysis perspective, the price was approaching its historical overall simple moving average (SMA, green and white lines). Typically, the closer the price gets to this SMA, there a jump to touch it and consolidate. After the most recent earnings drop, I believe it may be priming / consolidating itself further for a move up (although a dip to $25-$26 wouldn't surprise me). Thus, at $32.00, NASDAQ:MTCH is in a personal buy zone.
Target #1 - $37.00
Target #2 - $43.00
Target #3 - $50.00
Target #4 - $62.00
USD/JPY Bullish Run SetupI’m currently monitoring USD/JPY for a strong bullish push, leveraging both HTF structure and 15-minute trend confirmation to guide my entry and trailing strategy.
🔹 Market Structure : The higher time frame (HTF) shows a bullish bias, and we’ve just witnessed a bullish shift on the 15-minute chart. This setup aligns well with my strategy, where I look for confirmation of market direction on both time frames.
🔹 Trade Objective : My goal is to ride this momentum to at least the previous 4-hour high, but with a trailing stop in place, I’m prepared to capture additional upside if the trend remains favorable.
🔹 Risk Management : Employing my trailing system with ATR-based stop loss, I’m managing risk at 1%, aiming for a steady risk-to-reward balance while allowing room for potential larger gains.
🔹 Stats : So far, the indicator has shown promising results with a net profit of 254.62 R and a profit factor of 4.18, based on my backtests. This approach helps me stay disciplined and make data-backed decisions.
Let’s see if USD/JPY continues to hold this momentum and pushes higher! 🚀
#USDJPY #Forex #TradingSetup #MarketStructure #RiskManagement
Is Ethereum Poised to Reach $3,200? Analyzing the Bullish Moment
Ethereum, the second-largest cryptocurrency by market capitalization, is showing strong signs of bullish momentum, with analysts predicting a potential breakout to $3,200. This optimistic outlook is fueled by a combination of factors, including positive inflows into Ethereum ETFs and a broader bullish sentiment in the cryptocurrency market.
The Impact of ETH ETF Inflows
The recent influx of capital into Ethereum ETFs has significantly boosted the cryptocurrency's price. As institutional investors gain easier access to Ethereum through ETFs, demand for the underlying asset is likely to increase. This increased demand can drive the price of Ethereum higher, potentially pushing it towards the $3,200 level.
Bitcoin's Influence on Ethereum
Bitcoin's price performance often has a significant impact on the broader cryptocurrency market, including Ethereum. As Bitcoin continues to rally and approaches the $100,000 mark, it could create a positive sentiment that spills over to other cryptocurrencies, including Ethereum.
Technical Analysis: A Bullish Outlook
Technical analysis suggests that Ethereum is currently in a strong uptrend. Key technical indicators, such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD), are signaling bullish momentum. Additionally, the formation of bullish chart patterns, such as a rising wedge or a bullish flag, further supports the potential for a significant price increase.
Challenges and Risks
While the outlook for Ethereum appears bullish, it is essential to acknowledge the potential challenges and risks:
• Market Volatility: The cryptocurrency market is inherently volatile, and sudden price swings can occur without warning.
• Regulatory Uncertainty: The regulatory landscape for cryptocurrencies remains uncertain, and any unfavorable regulatory developments could negatively impact the price of Ethereum.
• Network Congestion: As the number of users and transactions on the Ethereum network increases, network congestion and high transaction fees could become a concern.
Conclusion
Ethereum's strong fundamentals, coupled with positive market sentiment and technical indicators, point to a potential breakout towards the $3,200 level. However, investors should approach the cryptocurrency market with caution and be prepared for potential volatility. By staying informed and conducting thorough research, investors can make informed decisions and maximize their potential returns.
Bearish signals piling up for crude oil pricesA lack of direct stimulus measures in China likely contributed to the rough end for crude oil last week, with prices not only breaking minor uptrend support but also closing below the 50-day moving average.
It’s the latter that’s got me eyeing a potential short setup. The ratio of how often the price has traded through this level versus how often the break has stuck is notable over recent months. The uptrend in RSI (14) has been trashed, and MACD is on the verge of confirming a bearish signal, skewing risks lower.
However, I’d like to see a break and hold below $69.74 first, the low hit on US election night. The price bounced strongly from there, so it looms as potentially key level for near-term directional risks.
If that level breaks, shorts could be initiated with a stop above either the low or the 50-day moving average. Targets include $66.72 (October 29 low), with $66.33 and $65.27 next.
If the price reverses above the 50-day moving average and closes there, the bearish bias is negated, opening up potential bullish setups.
Good luck!
DS
1-800-Flowers.com | FLWS | Long at $8.001-800-Flowers.com NASDAQ:FLWS has been in price consolidation mode since 2022 and may be gearing up for an upward move as my historical selected simple moving average reconnects with the price. The company is expected to become profitable in 2025 and the holiday season is approaching. Historically, this is the period when the price begins to rise. With a 25 million float and 14.54% short interest, this ticker could get interesting if it takes off. But be cautious as the economy seems to be showing signs of slowing... At $8.00, NASDAQ:FLWS is in a personal buy zone.
Target #1 = $9.20
Target #2 = $10.50
Target #3 = $20.50 (long-term if the economy is strong...)
High potential over the coming yearsPositioned to disrupt the medicinal industry with its wide range of products and significant stakes in other biotech companies like Compass. ATAI possess ample funds to quickly become a leader in a market that has not yet fully emerged. High Volatility I wouldn't be surprised to see the stock reach $20 next year, analysts predict $11.
Weekly RSI looks great and primed to run showing strength above 50 with key MA overhead
The daily is getting a little hot pullbacks will offer great opportunities.
50 SMA Rising - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
50 SMA Rising strategy. Suitable for Swing Trading Initial Stop loss lowest of last 2 candles and keep trailing with 30 days SMA if price close below 30 SMA then Exit or be in the trade for 2 to 4 weeks.
Target & Stop loss shown on Chart. Do not Forget to Exit if Stop loss Hit.
Be Discipline because discipline is the Key to Success in the STOCK Market.
50 SMA Rising - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
50 SMA Rising strategy. Suitable for Swing Trading Initial Stop loss lowest of last 2 candles and keep trailing with 30 days SMA if price close below 30 SMA then Exit or be in the trade for 2 to 4 weeks.
Target & Stop loss shown on Chart. Do not Forget to Exit if Stop loss Hit.
Be Discipline because discipline is the Key to Success in the STOCK Market.
50 SMA Rising - Swing TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
50 SMA Rising strategy. Suitable for Swing Trading Initial Stop loss lowest of last 2 candles and keep trailing with 30 days SMA if price close below 30 SMA then Exit or be in the trade for 2 to 4 weeks.
Target & Stop loss shown on Chart. Do not Forget to Exit if Stop loss Hit.
Be Discipline because discipline is the Key to Success in the STOCK Market.
50 SMA Rising- Positional Tradeisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
Trade What you see not what you Think
$SPY November 9, 2024AMEX:SPY November 9, 2024
60 Minutes.
Run-away gap in action.
Hence very strong uptrend.
Got weakened on Friday.
As we can see we had 2 lows. 568.44 and 567.89.
Oscillator divergence.
Hence if we draw extension now, we have first target 607 levels.
The consolidation I need is not happening.
Moving averages setting up nicely. In order.
9,21,50,100 and200 in that order.
It will be a good opportunity to buy around 588-592 levels. for the next uptrend.
As we can see in 60 minutes 580 is very strong support.
15 Minutes.
For the last rise 593.92 to 599.64 holding 596 is important.
If 596 is broken, we can probably see 592 as target.
I need a pull back for a buy.
Again, not a chart to short except for 3-4$ maximum. As of now.
in 15 minutes, big oscillator divergence.
NVDA closing above resistanceNvidia closed above resistance yesterday and I've placed my buy stop above Mondays high for entry on a continuation of the move higher, both short term and medium term trends are up according to the EMA's and rising lows. My stop will be just below the red candle after the Shooting Star that indicated the double top was in place.
My stop will trail up as price moves higher and forms new support levels.
This is a third entry for me on Nvidia as i continue to build the position.
Trade well and profits follow!
S&P 500 - Why everyone is probably wrong.Popular YouTube channels, financial media, everyone is talking about the great big crash of 2023 to come.
Everyone is probably wrong. Why? The chart stupid.
The recent breakout of resistance is seen by many as a bull trap. Maybe. I see a backtest of past resistance and price action landing on the golden ratio. There’s something else, however. The Life cross. A life cross is defined as:
1) The 50-day SMA crossing up the 200-day SMA
AND
2) Price action above the 200-day SMA.
But WW this cross is a fake out! There’s no evidence to support that. Have studied the last 60 years of life crosses on the index. Do you know how many printed a false signal? 0. Nadda. Not one.
Ww
The last 20 years of life crosses..
July 8th, 2020
April 1st 2019
April 26th, 2016
February 1st, 2012
October 22nd, 2010
June 20th, 2009
September 12th 2006
November 10th, 2004
May 16th, 2003