Gold analysis in 1h time frameHello guys, I hope you are doing well.
You can see the gold chart in the 1-hour time frame.
At the moment, there is no particular movement because it is the Chinese New Year. For now, we are witnessing a low volatility market in the mornings for ten days.
This previous high is still maintained, which is now a resistance level that prevents the price from continuing higher.
Currently, it has reached a 15-minute support zone, which is still valid.
By seeing the signs of growth and candlestick patterns, we can hope that you can have a candle close above this resistance level and there will be no obstacles to advance to reach the 2042-2044 areas.
Newyear
BTC/USD Bullish movementHello Crypto Enthusiasts,
🚀 Exciting news! Master Chef is back in the kitchen, ready to serve up some piping hot hypotheses on crypto tokens, including potential meme tokens for us all to feast our eyes on! 🍲 Today, let's delve into why BTC is set to soar to new heights.
1.) 📈 EMA Health Check: The 4-hour time frame EMAs are looking fit and fabulous. Could this be the start of a glorious trend continuation? Let's explore!
2.) 🚀 Bullish Pennant Unveiled: Post-recent pump analysis reveals a promising bullish pennant formation. Buckle up for potential upward swings!
3.) 🌕 Bullish Moon Vibes: Riding the wave of a bullish moon cycle. The stars (and the moon) are aligning for a probable continuation of the upward trend.
Hold on to your seats, as my next post and surprise live video session won't just be about the crypto classics. I've got my eyes on a mysterious meme token that has captured my interest. 🕵️♂️
Tap that ❤️ and hit the share button if you're hungry for more insights and want me to uncover a hidden gem in my upcoming posts.
Let's cook up some crypto magic together! 🔮✨ #CryptoMagic #BitcoinRising #HiddenGems 🚀🌙
happy new year 2024✨(BTC)❤️❤️Thanks for boosting 🚀 and supporting us!
📈First idea (signal) in new years
📊 (Entry) : 43225
🔴 Stop Loss : 43707
🎯 Take Profit : 42828-42437-42103-41688
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
Insights into Bitcoin Futures as 2024 brings new regulations inIntroduction to Bitcoin Futures
Bitcoin Futures represent a significant intersection of traditional financial markets and the innovative world of cryptocurrencies. They allow traders to speculate on the future price of Bitcoin, providing a way to hedge against price volatility or to profit from price movements. As we step into 2024, the potential approval of spot Bitcoin ETFs is poised to further transform the landscape for Bitcoin Futures.
The Impact of Spot Bitcoin ETF Approval
Spot Bitcoin ETFs are directly tied to the current price of Bitcoin (spot price). Their likely potential approval by U.S. regulators could have substantial implications for the Bitcoin market. Firstly, it's expected to increase market liquidity by providing an accessible avenue for traditional investors to enter the cryptocurrency space. Secondly, it could lead to greater price stability and potentially higher prices due to increased demand. However, it's also important to consider the potential risks, such as amplified market reactions to regulatory news and changes in the underlying asset.
Parallel Analysis of Other ETFs
To understand the potential impact of a Bitcoin ETF, it's instructive to look at the introduction of other commodity and currency-based ETFs:
GLD (Gold ETF): Following the introduction of GLD, which is linked to COMEX Gold Futures (GC), the gold market saw increased liquidity and interest from new investor segments, contributing to significant price rallies.
GLD Performance Chart
SLV (Silver ETF): Similar to GLD, the introduction of SLV, linked to COMEX Silver Futures (SI), led to increased investor participation and price movements in the silver market.
SLV Performance Chart
FXE (Euro ETF): Linked to CME Euro Futures, FXE provided investors an easy way to gain exposure to euro currency movements, affecting trading volumes and price volatility.
FXE Performance Chart
USO (WTI Crude Oil ETF): Tied to NYMEX WTI Crude Oil Futures, USO's introduction affected the oil market by providing more access and potentially contributing to price movements during significant market events.
USO Performance Chart
Historical Implications for Bitcoin
The history of these ETFs suggests a pattern: the introduction of an ETF could lead to increased market participation and, often, significant price movements. For Bitcoin, the approval of a spot ETF could similarly increase market participation and price volatility, at least in the short term. Over the long term, it could help stabilize and mature the market as more institutional investors get involved.
Forward-Looking Insights
Given the potential approval of spot Bitcoin ETFs, traders and investors in Bitcoin Futures might expect several scenarios. An immediate increase in volatility could be likely as the market adjusts to the influx of new participants. Over time, we might see a more liquid and stable Bitcoin market.
Planning for a Risk-Defined BTC Opportunity:
Risk Management : Experienced traders prioritize risk management. Using stop-loss orders or hedging techniques is imperative to avoid undefined risk exposure.
Precision in Entries and Exits : Aligning entries and exits with relevant market price levels can help manage risk. When a price point generates a bounce, the trader stays in the trade; if a price level is violated, the disciplined action is to exit the trade promptly for a predetermined loss.
Relevant Price Levels for BTC : Currently, BTC shows relevant resistance levels starting at 51,585 and support between 39,640-34,295.
Proposed Trade Plan:
ENTRY: 39,640
STOP-LOSS: 34,295
TAKE PROFIT TARGET: 51,585
This trade plan offers a 2.23 Reward-To-Risk ratio, providing a structured approach to capitalizing on potential market movements.
In order to manage risk and use the right contract size, traders need to take into consideration the Point Value for BTC Futures being $25 per point.
Traders should prepare for both the opportunities and risks this change could bring, considering strategies that allow flexibility and risk management.
Conclusion
The potential approval of spot Bitcoin ETFs in 2024 is set to make waves in the Bitcoin Futures market. Drawing parallels from the history of other ETFs, we anticipate increased market participation and potential price movements. As we navigate this evolving landscape, staying informed and adaptable will be key to capitalizing on the opportunities and navigating the challenges ahead.
When charting futures, the data provided could be delayed. Traders working with the ticker symbols discussed in this idea may prefer to use CME Group real-time data plan on TradingView: www.tradingview.com This consideration is particularly important for shorter-term traders, whereas it may be less critical for those focused on longer-term trading strategies.
General Disclaimer:
The trade ideas presented herein are solely for illustrative purposes, forming a part of a case study intended to demonstrate key principles in risk management within the context of the specific market scenarios discussed. These ideas are not to be interpreted as investment recommendations or financial advice. They do not endorse or promote any specific trading strategies, financial products, or services. The information provided is based on data believed to be reliable; however, its accuracy or completeness cannot be guaranteed. Trading in financial markets involves risks, including the potential loss of principal. Each individual should conduct their own research and consult with professional financial advisors before making any investment decisions. The author or publisher of this content bears no responsibility for any actions taken based on the information provided or for any resultant financial or other losses.
Happy Holidays and Happy New Year! ❄️
Dear traders,
This year:
☃️ I shared with you 1200+ forecasts, signals and analysis posts.
🎄 I did 25+ live trading sessions,
🔴 I wrote 50+ educational articles,
❄️ I recorded 70+ educational videos.
Thank you so much for supporting my work,
thank you for great feedbacks and reviews.
Thank you for your participation in live sessions and your involvement.❤️
I promise to do even better next year.
Happy New Year, traders!
All the best!✨
Essential Overview of Current Gold Market TrendsGold prices are finding demand in the last trading session of the year during the Asian market, amidst cautiously optimistic market sentiment and the recent weakness of the US dollar. Investors are gearing up for the year-end flow and refraining from placing any new directional bets on gold prices, keeping the precious metal in a consolidating phase around $2,070.
In the coming days, risk sentiment, USD movements, and profit-taking actions could significantly impact gold prices as traders shift to the sidelines ahead of the extended Lunar New Year weekend.
On Thursday, gold prices experienced two-way trading activity, initially making a fresh three-week high before stabilizing below the $2,070 level. In the first half of the day, gold benefited from the prolonged weakness of the US dollar and subdued yields on US Treasury bonds, as strong US bond auctions and the Federal Reserve's mild interest rate hike expectations supported the metal.
However, the US dollar made a robust recovery from its yearly lows against its major counterparts, aided by the modest increase in US Treasury bond yields. Traders employed profit-taking measures against shorting the US dollar in thinner liquidity conditions on Friday.
Investors shrugged off mixed economic data from the US, allowing the US dollar to breathe a sigh of relief. The pending home sales index in the US, a forward-looking indicator based on signed contracts rather than closings, declined by 5.2% compared to a year ago, as reported by the National Association of Realtors. Meanwhile, the US Department of Labor revealed that state unemployment claims increased by 12,000 in the previous week to 218,000.
In summary, the gold market is witnessing fluctuations driven by varying factors such as USD movements, risk sentiment, and economic data. As the year comes to a close, investors remain watchful, and the gold prices may experience further adjustments in response to changing market dynamics.
Wishing you a happy new year
Best regards !
Unlocking 2024: New Year Resolutions for Traders 📊🎉Hello TradingView Family, this is Richard, and I want to wish you all a Happy New Year.
As we embark on a fresh trading journey in 2024, let's commit to success. Here are six trading dos and don'ts to guide us to a prosperous year ahead! 🌟 #NewYearNewTrades
📌Dos:
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💹 Quantum Leap Mastery: Elevate your trading game with quantum computing finesse. Delve into the quantum frontier to revolutionize your analytical prowess and stay ahead of market dynamics.
🌊 Zen Trader Mindset: Infuse mindfulness into your trading routine. Meditate to sharpen focus, maintain emotional balance, and cultivate the calm needed to navigate the stormy seas of the financial markets.
🌱 Green Investment Oasis: Transform your portfolio into an eco-friendly haven. Invest in sustainable enterprises, aligning your financial goals with a commitment to a greener and socially responsible future.
💪 Crypto Gym Workout: Treat cryptocurrencies like a dynamic workout. Regularly flex your knowledge muscles to keep up with the ever-evolving crypto landscape. Adapt and incorporate new technologies and tokens into your trading regimen.
🤖 AI Symbiosis Champion: Embrace artificial intelligence as your trading ally. Master the art of synergizing human intuition with cutting-edge machine learning models to make informed decisions in the ever-evolving financial landscape.
🌐 Global Macro Maestro: Become a maestro of global macroeconomics. Develop a nuanced understanding of geopolitical events, economic policies, and their impact on markets. Let your trading decisions resonate with a symphony of global financial insights.
📌Don'ts:
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💢 FOMO Detox Retreat : Break free from the fear of missing out. Establish a disciplined approach and resist impulsive trading decisions fueled by market hype. Not every trend is a golden opportunity; discernment is key.
⏪ Overleveraging Rehab: Embark on a journey of overleveraging detox. Opt for a risk management strategy that preserves your investments. Shun the allure of excessive leverage and prioritize the long-term health of your portfolio.
📵 Influencer Mirage Avoidance: Don't let social media influencers dictate your trades. Filter out the noise and focus on fundamental analysis. Flashy social media posts don't always translate to sound investment advice.
🔄 Prediction Addiction Intervention: Break the cycle of prediction addiction. Acknowledge the unpredictability of markets and cultivate adaptability. Develop a flexible strategy that thrives in the face of unexpected events.
⚖️ News Overdose Balance: Maintain a healthy news consumption diet. While staying informed is crucial, too much news can lead to information overload. Choose reliable sources, strike a balance, and avoid unnecessary stress in your trading journey.
🚫 Hype Bubble Avoidance: Steer clear of hype bubbles. Be it in stocks, cryptocurrencies, or emerging markets, exercise caution and perform thorough due diligence. Prudent decision-making beats riding speculative waves.
💼 May your 2024 trading journey be a symphony of strategic brilliance and disciplined.
📚 Always adhere to your trading plan, including entry points, risk management, and trade management.
Happy New Year Everyone 🎊
~Richard Nasr
🔥 XAU/USD - 2023 is Ending , Ready for 2024 ?We are approaching the last days of the year and soon the annual gold candle will be closed! Last year, the lowest price of gold (Low) was $1,614 and the highest price (High) was $2,070, but finally the 12-month or one-year candle closed at $1,823! In 2023, the price of gold recorded the lowest price (Low) of $1804 and managed to record the highest historical price (ATH) by reaching the price of $2146! At the moment that I am writing this to you, gold is trading in the range of $2070 And I would like you to tell me what price you think gold will close in the next 2 days and 8 hours, and share your prediction of the possible trend of gold in 2024 in the comment section below !
Please share your opinion about the possible trend of this chart with me and support us with your likes and comments.
Best Regards , Arman Shaban
xauusd dancig around 2050 znoeGold is fluctuating in a sideway cycle in the last days of the 2023 year and will close the candle of the year tomorrow on 2070 or a little lower.
A suitable position for fluctuation has been created, which can be purchased until the ceiling of 2083 and 2086.
i'm going to get long position.
Merry Christmas and Happy Holidays! 🎁
I hope that this holiday season will be a time of reflection for all of us, where we can appreciate the successes and learn from the challenges of the past year.
Let's take this opportunity to set our intentions for the coming year, to focus on growth, resilience, and continued dedication to mastering the art of trading.
Let's foster a sense of community and collaboration that will uplift us all and contribute to our collective success.
Wishing you and your loved ones a very Merry Christmas and a Happy New Year!
Warm regards,
VasilyTrader
Trading in December. Everything You Need to Know
Because of the coming holidays, you are probably wondering should you trade in December at all and if yes, when should you stop and resume your trading.
In this article, I will share with you how I trade in December.
First, let me briefly explain to you how holidays, especially Christmas and New Year, affect the financial markets.
In many countries, Christmas and New Year's Day are official banking holidays. 🗓
In Europe, for example, December 24th, 25th, 26th and 31st are official banking holidays.
In the UK, the markets are officially closed December 25th and 26th.
While December 25th is the official banking holiday in the US.
When I trade I stick to the following rule: when there is a banking holiday in US, UK or EU I don't place any trade in that exact day.
However, with winter holidays it is a bit different.
I always skip the entire Christmas week - from 25th to 30th of December , because even though many markets remain opened, they are hardly moving and very slow.
You should also be very careful, trading the third week of December.
Till Wednesday, I trade in a normal schedule.
The presence of various important fundamentals in the economic calendar (especially the US ones), indicates potential volatility and nice movements on the markets.
With many years of experience, I noticed that trading volumes start falling since Thursday. And on Friday in many countries there are early bank closes or banking holidays like in New Zealand.
So my advice is, close all your trades on Wednesday 20th in the middle of NY session and stop trading.
📝 Here is the plan: we trade in a normal schedule the first half of December and then all the trades are closed, and we are enjoying holidays.
And when should you resume trading?
Again, here is a constant debate among traders. My take is to resume trading from the third week of January.
❤️Please, support my work with like, thank you!❤️
BTC - Still Strong 🏆Hello TradingView Family / Fellow Traders,
🏹 After breaking above the orange symmetrical triangle, BTC initiated a new parabolic impulse and has been bullish trading within the ascending red channel.
Presently, BTC is hovering near the upper boundary of the channel, which could potentially lead to a bearish correction.
📉 In such a scenario , as BTC approaches the intersection of the lower red trendline and $40,000, we will be on the lookout for trend-following buying opportunities.
📈 Concurrently , for the bulls to assert dominance aggressively, a decisive break above the current minor high at $44,500 is crucial. In this scenario, a movement towards the $48,000 resistance level can be anticipated.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
US30 Intra-Week Analysis Jan 10th 2023Last week we saw us30 continue to range between 33500 and 32800 due to the mixed us economic data. We then saw a breakout to the upside to end the week printing new intra-week highs at 33900 due to bad PMI data and factory orders data. The reason we saw us30 bulls despite this bad economic data was because with this data the market prices in the hopes that the FEDS will pivot as we fall deeper into US recession. This week our bias is still to the upside as long as we see continued bad us economic data, improved CPI data and price maintain above the 32800 key level. We've already saw price come down to retest 33400, we could likely see another restest of 33400 creating a double bottom before continuing bullish or even a break below to 32800 before continuing bullish.
January EffectHello guys! Have you ever heard of the "January effect"? It's a pattern that has been observed in financial markets where the prices of small cap stocks tend to go up in the month of January. Some people think this happens because of tax-loss selling (when investors sell stocks that aren't doing well in order to reduce their tax burden) or because more people are interested in buying small cap stocks at the start of a new year. It's important to remember that the January effect isn't a sure thing and shouldn't be the only reason you make investment decisions.
What do you think about this effect?
Happy New Year 2023 - Only 1 tip for you!If you don't know your trading levels, then you don't have a game plan...
The only time you're ready to trade is where you have the exit plan in mind through risk and reward as well as WORST case scenario...
Are you ready to trade in 2023!
My only tip for this year is go where you are appreciated NOT where you are tolerated.
Trading View is such a special place because we all have one thing in common.
To take control of our own life without any dependency.
I've been trading since 2003 and now have the platform to share some ideas and experiences that I've gone through to eventually trade for a living from 2011.
Welcome to 2023. May it be a year of learning, improving, growing and profiting.
Trade well, Live free...
Timon
MATI Trader
NQ Power Range Report with FIB Ext - 1/3/2023 SessionCME_MINI:NQH2023
- PR High: 11151.00
- PR Low: 11037.50
- NZ Spread: 254.25
Evening Stats (As of 12:15 AM)
- Weekend Gap: +0.73% (filled)
- 8/19 Session Gap: -0.04% (open > 13237)
- Session Open ATR: 287.93
- Volume: 38K
- Open Int: 240K
- Trend Grade: Bear
- From ATH: -34.3% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 12391
- Mid: 11820
- Short: 10678
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
26/12/22 Weekly outlookLast weeks high: $16960.5
Last weeks low: $16355
Midpoint: $16658
Happy new year everyone! Last week saw the end of the year not the bear market it seems, $17k continues to be the ceiling for BTC for now, and the choppy price action continues.
This weeks range is a very tight spread so unless price goes above or below last weeks boundaries, expect more of the same.