Solana Short Setup even in a Bull-run / Risky but we are tradersBINANCE:SOLUSDT
COINBASE:SOLUSD
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
172.35
169.89
167.72
164.76
🔴SL:
182.02
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Oscillators
$SPY November 1, 2024AMEX:SPY November 1, 2024
15 Minutes.
Gap down did not allow to initiate any short which were closed earlier around 579 levels.
575 supports did not hold and AMEX:SPY continued to make lows.
For the large rise 539.95 to 586.12 4SPY retraced to 38.2 % levels and also 50-day average in daily.
If this is not supported, we can expect 558-=562 levels which is 100 averages.
If we see the daily chart 565 is important to hold.
If this is broken, we have a history where AMEX:SPY went back to 539-540 levels twice from that number.
No trade day today.
How ever for the fall 583.32 to 568.44 a retracement to 578 levels will give a chance to short. Depending on moving averages. At the moment SL is 580 being 200 averages in 15 minutes.
We are having an oscillator divergence at lows near close. So, i expect a retracement.
The point of interest is whether it can create a pull back
(Title) The point of interest is whether it can create a pull back pattern
--------------------------------------
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(BTCUSDT 1D chart)
With this decline, the BW (100) line was created at the 72344.74 point.
Therefore, the key is whether it can rise above 72344.74.
-
The price is passing the StErr Line around 71280.01, and the M-Signal indicator on the 1D chart is passing around 68393.48.
Therefore, if it is supported and rises between the M-Signal and StErr Line on the 1D chart, a short-term pullback will form.
If not, and it falls below the M-Signal indicator on the 1D chart, it is highly likely that it will show a short-term downtrend.
For this reason, as I mentioned yesterday, if it is supported between the M-Signal and 70148.34 on the 1D chart, it is time to buy more.
However, in order to buy more like this, a split sale must have been made before.
-
If not, and you need to buy new,
1. When it is supported around 67414.39-68393.48,
2. When it breaks through 72344.74,
there are two methods above.
The prerequisite for buying new is that the StochRSI indicator is below 50 and shows an upward trend.
If not, and the StochRSI indicator is above 50 or showing a downward trend, it is better not to buy.
----------------------------
(1h chart)
The linear regression channel indicator has set the length to 50, so the channel moves over time.
The channel is showing a change from an uptrend to a downtrend.
-
Back to the main story, the point of observation is whether the price can be maintained by rising above the 5EMA of the 1D chart and whether it can rise above the middle line of the channel.
If it fails to rise, volatility is expected to occur while touching the M-Signal indicator of the 1D chart.
Accordingly, as I mentioned on the 1D chart, we can see that the points 68393.48, 70148.34, and 71280.01 are important support and resistance points.
-
If you bought below 68393.48, you can see that the area around 68393.48 is the last selling point.
-
If the StochRSI indicator is above 50, it is better to find a time to sell, and if the StochRSI indicator is below 50, it is better to find a time to buy.
However, this is only when you are trying to make a new trade.
-
I am currently holding a long position.
And, since I thought it would create a pull back pattern and rise, I gave you an example of additional buying in the idea yesterday.
So, I didn't mention SHORT this time.
I think this SHORT position is likely to end sooner than expected.
USDC is volatile, so it can show a gap down at any time.
However, since USDT is continuously showing a gap uptrend, it can be seen that the coin market is likely to continue its upward trend.
And, because BTC dominance is on the rise.
The rise in BTC dominance also means that funds are concentrated on BTC.
Therefore, when BTC dominance is on the rise, it can be seen that it is more advantageous to trade BTC than altcoins.
If USDT dominance falls below 4.97 and is maintained or shows a downward trend, I think the coin market is likely to start an uptrend.
In order for this uptrend to lead to an altcoin uptrend, BTC dominance must fall below 55.01 and be maintained or show a downward trend.
If not, there is a possibility that it will become a strange uptrend where only BTC rises, so be careful when trading altcoins.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that a full-scale uptrend will begin after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
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3MINDIA - Nice Reversal?RSI is looking strong and closing is also above 20EMA Band.
Expecting it to fall a bit to normalize the RSI, which CAN BE the right time to enter.
For stop loss, closing below 20EMA band or previous swing low can be used. It is purely individual study and choice.
Currently market is very volatile and we also have earning of 3MINDIA in coming week, which can contradict my study and analysis. Hence do your own analysis and act accordingly.
Strictly follow Risk Reward management and strict SL is necessary.
DOGEUSDT.PTo whom it may concern,
This is DOGE, the biggest #memecoin in #crypto, with leverage up to 75x, so things could get risky. I’m watching the daily timeframe, and my outlook on this chart leans more bearish than bullish.
The blue line is now acting as resistance, and based on price action, the black line could be the next support level to be tested. If the black line holds, it could push the price up toward the top black line.
The volume adds some uncertainty, as steady levels could support a bullish move. 2
If you have any questions, feel free to ask.
This is not financial advice. Stay safe and humble.
Australian ASX 200 SPI futures look good if you're a bearThe picture for Australian ASX 200 SPI futures look good if you're a bear.
We've seen a bearish engulfing candle on Wednesday with follow-through selling today, accompanied by an uptick in volumes. Momentum indicators are providing bearish signals, too.
But it is month-end and the price does find itself sitting on the 50DMA, a level that has been respected consistently apart from a period between June and July this year.
Even though price and momentum signals suggest selling rallies may work better than buying dips in near-term, unless we see a close beneath the 50DMA, going short beforehand comes across as a low probability play given prior interactions with the level.
If the price closes and holds beneath the 50DMA, you could sell with a stop either above it or 8200 for protection. On the downside, 8080 is the first level of note, but to make the trade stack up from a risk-reward perspective, 7860 comes across as a more appropriate target.
Good luck!
DS
ASX 200 flirts with bearish reversal breakoutElection jitters are in the air, and it is weighing on Wall Street sentiment - and dragging the ASX 200 with it, which also faces pressure from a spate of weak China figures in recent weeks.
A potential head and shoulders top has formed on the daily chart, and prices are close to testing a support zone which could double up as a neckline.
For now, the ASX appears hesitant to break the 8130/50 support zone which brings could prompt a minor bounce over the near term.
A break beneath 8130 confirms the bearish reversal, which projects an approximate downside target near 7900 and the 200-day EMA. Also note the 8100 and 8000 levels which could provide support along the way
MS
$SPY October 31 2024AMEX:SPY October 31, 2024
15 Minutes.
Still within the box.
For the fall 586.12 to 574.41 4SPY retraced 78%. So double bottom is what Hence, expect.
For the fall 583.32 to 576.36 582 is the level to short for 578-579. If this is broken, we can expect 576 levels which is 200 averages in one hour time frame.
The issue we have at the moment in one hour is AMEX:SPY made LL at 580.38 and 574.41. But no divergence in oscillator. Hence, I don't see much downside. At the moment.
Go long above 585 and short cover at 579 578 levels. Maximum downside as mentioned is 576 levels as of now.
For altcoins to follow the rise of BTC, ETH needs to rise
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-------------------------------------
(BTC.D 1M chart)
In order for altcoins to show an upward trend, BTC dominance must be in a downward trend.
Otherwise, altcoins are likely to fail to follow the movement of BTC and gradually move sideways or show a downward trend.
You should not judge the market movement solely based on the rise or fall of BTC dominance.
At least you should look at it together with the USDT dominance chart.
You can tell to some extent whether the coin market price is rising or falling by looking at whether USDT dominance is falling or rising.
To summarize the above,
- BTC dominance rises: Funds are concentrated toward BTC
- BTC dominance falls: Funds are concentrated toward altcoins
- USDT dominance rises: Coin market is likely to show a downward trend
- USDT dominance falls: Coin market is likely to show an upward trend
--------------------------------------------
(ETHUSDT 1D chart)
In any case, ETH is the coin with the largest market cap among non-BTC coins.
Therefore, it is likely that BTC dominance will show a downward trend only when ETH starts to rise.
-
Currently, ETH is stuck in the box range (2273.58-2706.15).
The M-Signal indicator on the 1M, 1W chart is showing a convergence as it passes near the 2666.70-2706.15 section.
Therefore, if the price rises above the 2666.70-2706.15 section and maintains, ETH is expected to form an upward trend.
Therefore, whether it can break through the 2666.70-2706.15 section upward is the key.
-
If the price maintains above 2706.15, it is expected to rise to around 3265.0-3321.30 and determine the trend again.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
It is expected that the real uptrend will start after rising above 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (when overshooting)
4th: 134018.28
151166.97-157451.83 (when overshooting)
5th: 178910.15
These are the points where resistance is likely to be encountered in the future. We need to see if we can break through these points.
We need to see the movement when we touch this section because I think we can create a new trend in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start by creating a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
Volatility period starts around November 4th
(Title) Volatility period starts around November 4th (example of additional purchase)
-----------------------
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If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
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The BW indicator is an indicator that comprehensively evaluates the MACD, StochRSI, OBV, and ATX indicators.
The BW (0) indicator is an indicator that appears when the BW indicator touches the 0 point and rises.
Therefore, it indicates the point where the rise begins, that is, the low point section.
The BW (100) indicator is an indicator that appears when the BW indicator touches the 100 point and falls.
Therefore, it indicates the point where the decline begins, that is, the high point section.
-------------------------------------------
(BTCUSDT 1D chart)
The BW indicator value touched the 100 point and an arrow was displayed.
When a new candle is created, it is necessary to check whether the arrow remains the same.
The fact that the BW indicator touched the 100 point means that the upward strength is strong.
Therefore, it can be interpreted that there is a high possibility that it will lead to an additional increase.
However, when the BW (100) line is created, it can be said that it means that the possibility of a decline has begun to increase.
Therefore, it means that the possibility of a pull back or decline has begun to increase.
-
The point of interest is whether it will show a renewal of the ATH by touching the current highest price of 73777.0 or higher, or whether it will continue to decline.
There is a saying that the coin market is a trend-following market.
It can be said that this is a market with a strong tendency to follow a trend that has been formed.
Therefore, when a new candle is created, it is necessary to check the movement of the StochRSI and StochRSI EMA indicators.
Since the StochRSI EMA indicator is currently located in the middle section, it is necessary to check how much it rises when a new candle is created and the change in the slope of the StochRSI indicator.
-
If it progresses downward, the area around 70148.34 is expected to be an important support and resistance area.
The reason is that it is near the upper point of the box of the HA-High indicator on the 1M chart.
In addition, the StErr Line is passing through the 70148.34-71280.01 section, confirming that it is an important point.
-
If you bought below 67414.39, it is recommended to sell and wait for the situation to be confirmed when resistance is confirmed in the 68393.48-69031.99 range.
You should have sold in installments around 71280.01 or 73000.0 before that.
-
If the average purchase price is below 67414.39 and you sold in installments around 71280.01 or 73000.0, you can buy more when a pull back is confirmed.
However, the additional purchase should not exceed the current holding amount.
If you buy more than the holding amount, the average price will rise significantly and you may not be able to hold on or it may turn into a loss.
Therefore, when the support is confirmed in the 68393.48-70148.34 section, additional purchases can be made below 70148.34.
This additional purchase is possible because the split sale was made.
-
The next volatility period is expected to start around November 4th.
-
Have a good time.
Thank you.
--------------------------------------------------
- Big picture
The full-scale uptrend is expected to start after rising by more than 29K.
The section expected to be touched in the next bull market is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points where resistance is likely to occur in the future.
We need to check if these points can be broken upward.
We need to check the movement when this section is touched because I think a new trend can be created in the overshooting section.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
LTCUSDT Long Setup Setting / Risky but Why not?BINANCE:LTCUSDT
📈Which side you pick?
Bull or Bear
SL1 ---> Low-risk status: 3x-4x Leverage
SL2 ---> Mid-risk status: 5x-8x Leverage
(If there is just one SL on the chart, I suggest, low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone: 68.45-66.76
⚡️TP:
69.43
70.50
71.90
🔴SL:
64.89
🧐The Alternate scenario:
If the price stabilize against the direction of the position, below or above the trigger zone, the setup will be canceled.
Double Bottom with Billions of Metric Tons of Lithium - SLIHere I have AMEX:SLI on the Daily Chart!
Technical -
A Double Bottom Reversal Pattern has formed and with the Bullish Rally started from the ~1,800% increase in the Estimate to Reported Results for Earnings and Revenue on Sept. 24th, we see Price Breaking our Confirmation of Pattern @ 1.98!
This weeks Price Action has created a Volume Imbalance between ( 1.91 - 2.03 ) that Price may choose to Fill before it pushes Higher!
Now Price is struggling with the Resistance of Previous High @ ( 2.28 - 2.38 )
-If this rise can be sustained in becoming a New Higher High than our Confirmation of Pattern, we can expect Price to Retest this Break of Confirmation to find Support!
*If the Retest of the Break is successful, we can then suspect Price to find Resistance again at Previous Highs @ ( 3.59 - 3.89 )
Indicators:
- Golden Cross with 200 EMA and Dynamic S&R
- RSI is Above 50
- Strong Bullish presence in Volume leading to Confirmation of Pattern
Fundamental -
Under all this utter devastation that Hurricane Helene and Milton have done to North Carolina and Florida and now with the wildfires ravaging Wyoming, these disasters have uncovered massive Rare Earth Elements and Metal Deposits containing around Billions of Metric Tons of essential components needed to power our shift forward from the Industrial Age to what feels like the Digital Age.
-Adding potential future mining sites to the already known deposits in Nevada, Pennsylvania and California.
EV and other technology advancements will come soon now with these essential minerals and metals possibly on the Brink of Extraction!
LAC & GM Team Up for Thacker Pass! Here I have NYSE:LAC on the Daily Chart!
NYSE:GM plans to contribute $625 Million and seeks to claim 38% of the Joint Venture!
This remarkable announcement this week seen the Price of NYSE:LAC hit 4-Month Highs after Breaking Above the Falling Resistance that was keeping it down.
The rally seems to be tamed by the Resistance Level and Low that was created in February but is now testing the Break of Falling Resistance for potential Support to keep pushing Price Higher!
If Price can Push through this area, we could see Price make a move for the Gap @ ( 4.9 - 6.37 ) then find Strong Resistane @ ( 6.83 - 7.65 )
Indicators:
- Price will need to test the 200 EMA in $4 range
- RSI is Above 50 (Bullish)
- Strong Bullish Volume with Breaking Candle suggests Valid Break
- BBTrend Printing Green Bars
Topside wicks, sagging momentum suggests AUD/JPY break may stickAUD/JPY looks primed for downside.
The price has broken the uptrend it's been sitting in since late September. RSI (14) is trending lower with the bearish signal confirmed by MACD. And one look at the topside wicks above 101.00 suggests sellers are lurking and unwilling to budge.
If the price manages to close beneath the uptrend, you could sell with a stop above for protection. To make the trade stack up from a risk-reward perspective, the 50-day moving average or 98.04 are potential targets.
Good luck!
DS
Additional indicator to be used after the ATH update(StErr Line)
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(BTCUSDT 1W chart)
Since it has not risen above 73777.0, it has not yet updated the ATH.
----------------------------------------
(BTCUSDT 1D chart)
If the price maintains above 71280.01, it is expected that there will be an attempt to update the ATH again.
From the current price position, it seems that it will have to fall below 67414.39-68393.48 to turn into a short-term downtrend.
However, if it falls below 70148.34, I think it is necessary to take preemptive action to split it.
-
When the ATH is renewed, it is like being in an unknown world, so it is difficult to predict with chart analysis.
Therefore, in order to know the movement after the ATH is renewed, you have no choice but to use various indicators or chart tools to predict.
For this, the Linear Regression Channel that I mentioned earlier was explained.
Today, I will explain the StErr Line indicator, which is newly added to the HA-MS indicator.
The StErr Line indicator (Standard Error Line) is the baseline of the indicator that forms a band using the Linear Regression formula.
If the price is above the StErr Line indicator, it is likely to continue the upward trend, and if the price is below, it is likely to continue the downward trend.
You can use the StErr Line indicator together with the BW (0) and BW (100) indicators to determine the trading point.
The BW (0) and BW (100) indicators are generated when the BW indicator in the auxiliary indicator touches and breaks away from the 0 or 100 point.
Therefore, it allows you to identify the low or high point range.
The Linear Regression Channel or StErr Line indicator is a tool for chart analysis, but if you use it with support and resistance points, you can use it to create a trading strategy.
-
Have a good time.
Thank you.
--------------------------------------------------
- The big picture
It is expected that the full-scale uptrend will start when it rises above 29K.
The next expected range to touch is 81K-95K.
#BTCUSD 12M
1st: 44234.54
2nd: 61383.23
3rd: 89126.41
101875.70-106275.10 (overshooting)
4th: 134018.28
151166.97-157451.83 (overshooting)
5th: 178910.15
These are points that are likely to receive resistance in the future.
We need to check if these points can be broken upward.
We need to check the movement when this range is touched because it is thought that a new trend can be created in the overshooting range.
#BTCUSD 1M
If the major uptrend continues until 2025, it is expected to start forming a pull back pattern after rising to around 57014.33.
1st: 43833.05
2nd: 32992.55
-----------------
RATSUSDT.P
Hello dear friends,
Another degen SHORT is coming your way! This time, it’s 1000RATS on the 30-minute timeframe. This one is extra degen due to the volatility of this meme coin.
Two things on the chart make me bearish: first, the price is at resistance, and second, there's a bearish divergence in volume.
This is not financial advice by any means! Stay safe, and keep that SL tight!
SOLUSDT.P
Hello friends,
Here’s the next degen SHORT in this series! We have SOL, one of the giants of crypto. We’re looking at two oscillators, RSI and CMF, both of which are bearish on the 30-minute timeframe. That’s why I'm shorting SOL—but, of course, this is not financial advice in any way!
Stay safe, and keep that SL tight!
BTCUSDT.P
I'm trying to short the king of crypto, BTC. This is more of a degen trade, so proceed with caution! Momentum and RSI are losing ground, which could be bearish. Keep in mind that both are momentum oscillators, so they behave similarly.
Keep that SL tight and stay safe. This is not financial advice in any form.
Stay safe!
Zoom Video Communications, Inc. - Bullish divergence*investment opportunity*
A 90% correction since late 2020 on the above 4 day chart. There now exists an excellent opportunity on this stock. Why?
1) Price action and RSI resistance breakouts.
2) Support and resistance, look left. Price action is on past support. Terrific.
3) Bullish divergence. Lots of it, as measured over a 100 day period.
Is it possible price action falls further? Sure.
Is it probable? No
Ww
Type: Investment
Risk: <=6% of portfolio
Timeframe: Act now
Return: Rather awesome. Will say elsewhere.
Stop loss: Will say elsewhere.
USD/JPY rally facing fundamental test with US job openings data USD/JPY remains a play on the US interest rate outlook, sitting with an incredibly strong correlation with US two-year Treasury note futures of -0.98 over the past fortnight. When short-dated US debt futures have moved in a particular direction, USD/JPY has almost always done the opposite, mirroring US Treasury yields.
With there's no obvious reversal pattern in US two-year note futures in the right-hand chart, providing reason to be cautious about getting to aggressive, with the first of the week’s major US economic releases on the way in the form of JOLTs job openings for September, the risk of profit-taking in USD/JPY appears elevated.
After a surprise bounce in August, markets are looking for only a minor decline in openings of 50,000 to 7.99 million. Notably, this survey tends to bounce around and we haven’t seen back-to-back increases since late 2022. That hints at the potential for a downside surprise that could spark downside for US Treasury yields and USD/JPY which have run very hard in recent weeks.
If the price holds below 153.19, you could initiate shorts with a tight stop above for protection targeting a return to the 200DMA.
Good luck!
DS