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$SPY December 5, 2024AMEX:SPY December 5, 2024 15 Minutes 60 Minutes Gaps not getting filled. Very strong uptrend. Being a moving average and Fib trader i do not have a setup for fresh entry or short. At the moment if any pull back 60o is the number to watch. It is 9 moving averages in day, and 38.2% retracement for the move 587.43 to 607.91. AMEX:SPY not even breaking 21 averages in 60 minutes since the move started from 587.43. HH HL pattern. No way to short. At the moment even if I short at 601 levels the target is only 598. So not much R:R. Need to continue the longs for 608-612 as initial target provided 601 is holding. I have no position.
AMEX:SPY
by RiderTrader
12
Next Volatility Period: Around December 27 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (BTCUSDT 1D chart) This volatility period has ended. The key is whether it can rise above the BW(100) indicator point of 98892.0. If not, if it falls, the point to watch is whether it can be supported near the HA-High indicator point of 95904.28. The next volatility period is around December 27. By now, we should look at the direction in which the HA-High indicator box range, 91792.14-98871.80, has deviated. - (1W chart) What is important to check this month is how the StochRSI indicator on the 1W chart is initialized. That is, what movement does it show when the StochRSI indicator falls from the overbought range and becomes StochRSI < StochRSI EMA. Since the StochRSI EMA indicator has never touched the 100 point so far, the downward pressure will increase as it gets closer to the 100 point. ------------------------------------------- (BTC.D 1D chart) If BTC dominance falls below 55.01 and is maintained or continues to fall, it is expected that the altcoin bull market will begin. It seems that some altcoins will start to pump in a circular manner. Therefore, if the altcoin I bought is rising slowly or rather falling, do not switch to another altcoin and wait, and the pumping will begin in order. - (USDT.D 1M chart) This altcoin bull market is expected to continue until the USDT dominance falls to around 2.84. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, I expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 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 -----------------
by readCrypto
The point of interest is whether it can rise above 2.5102 Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (XRPUSDT 1M chart) It is difficult to predict how high a coin (token) that has updated its ATH will rise. However, in such cases, the Fibonacci ratio, which is the most commonly used chart tool, is used to make a rough prediction. - Since there is a previous candle below the Fibonacci ratio 2 (1.9574), you can use the support and resistance points. The current point of interest is whether it can rise above the Fibonacci ratio 2.618 (2.4696). If the price rises above the Fibonacci ratio 2.618 (2.4696) this time and maintains, it seems likely that the rise will continue to rise near the Fibonacci ratio 3.618 (3.2983). - (1D chart) Due to the large rise, the gap between the M-Signal indicators on the 1D, 1W, and 1M charts is large, and also, the gap between the 5EMA on the 1D chart and the M-Signal indicator on the 1D chart is quite large. Accordingly, the point of interest is whether sideways movement occurs to reduce the gap. Since the BW(100) indicator was created at the 2.5102 point due to this decline, it is expected that the uptrend will continue only if it rises above 2.5102. If it moves sideways or falls this time, I think it is likely to continue until the M-Signal indicator on the 1D chart or the HA-High indicator on the 1D chart is created. The current HA-High indicator is located at 1.3714, so if it falls a little more, it seems likely that a new HA-High indicator will be created. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 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 -----------------
by readCrypto
Example of how to trade in an altcoin bull market Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) The volatility period of ETH is expected to continue until December 5th. The point to watch is whether the price can be maintained above 3707.61 and the ATH can be renewed. As the price rises, I think the important support and resistance area is the 3265.0-3321.30 area. Therefore, if the price is maintained above this important support and resistance area, I think it is likely to continue the uptrend. However, if it falls below the BW (100) and HA-High indicators, there is a possibility that a downtrend will begin, so you should think about a countermeasure for this. --------------------------------------- I think it is better to refrain from trading with a sell (SHORT) position in an altcoin rising market and trade mainly with a buy (LONG) position. The reason is that there are many more cases where it pretends to fall and then rises. Therefore, it is better to find a time to buy when the candle on the 1D chart is a falling candle and it shows support near the support and resistance points drawn on the 1M, 1W, and 1D charts. However, coins (tokens) that have updated their ATH do not have support and resistance points, so it is impossible to confirm whether they are supported. In this case, it is recommended to buy when the candlestick on the 1D chart is a bearish candlestick, when the StochRSI indicator on the 1h chart rises below the 50 point, or when it shows support from indicators such as BW(0), HA-Low, BW(100), and HA-High. The fact that BW(0) and HA-Low indicators are created means that a low point range has been formed, so if support is confirmed near the range made up of these indicators, it can be considered a buying period. - The fact that BW(100) and HA-High indicators are created means that a high point range has been formed, so if it fails to break through the range made up of these indicators, it is a time for a split sale. However, when an altcoin bull market is in progress, it is recommended to lower the proportion of split sales or wait. - The question of which altcoin will rise is a meaningless question given the current flow of the coin market. In an altcoin bull market, it is better to ignore most auxiliary indicators or the increase in price and trade. If you pay attention to auxiliary indicators or the increase in price, you will miss the time to buy and buy after the price rises, which increases the possibility of failure in trading. Therefore, as I mentioned earlier, when the candle on the 1D chart is a downward candle, you need to think about how to proceed with the purchase and focus on finding the right time to buy. However, since it can fall again, it is better to adjust the weight with the intention of buying in installments from the beginning. In addition, you need to set a stop loss point to reduce damage caused by a sudden drop. This is because if it suddenly fails to turn into an upward trend and falls, you can suffer great damage. Therefore, when buying, consider whether to buy in installments or cut your loss and find a new time to buy, and then proceed with the purchase to reduce the psychological burden. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year upward trend and faces a 1-year downward trend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, I expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 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 -----------------
by readCrypto
Ethereum - RSI Signals Bull Run Peak!ETHUSDT Technical analysis update ETH’s weekly RSI is currently at 64. In previous bull cycles, ETH’s weekly RSI has climbed above 90, marking the peak of the rally. This time, it’s likely that ETH’s RSI could again reach the 90 level during the peak of the current bull run. Historically, the RSI indicator has proven to be a reliable tool for timing exits in ETH investments. If the RSI approaches 90, it could signal that ETH is nearing an overbought zone, potentially aligning with a price target of around $10,000. A well-timed exit based on RSI can help lock in profits before any significant pullbacks.
BITSTAMP:ETHUSDLong
by HexaTrades
1
US OIL Trade Log USOIL Short Position Analysis Technical Indicators : - 1H Fair Value Gap (FVG): Current price is within the 1-hour FVG, indicating a potential short entry point. - MACD Divergence: A bearish divergence between the MACD indicator and price action suggests weakening upward momentum. - Cumulative Volume Delta (CVD) Divergence: Bearish CVD divergence indicates increasing selling pressure despite rising prices. - Ichimoku Kijun Levels: Price is above the 1H, 4H, and daily Kijun lines, placing it in a relative premium zone, which may precede a downward correction. Fundamental Factors : - Fear Premium: Recent price increases are attributed to geopolitical tensions, such as conflicts in the Middle East, leading to a 'fear premium' in oil prices. - Bearish Macro Outlook: Rising U.S. oil inventories and weak global demand projections, especially from China, suggest a bearish outlook for oil prices. Trade Parameters : - Position: Short USOIL - Entry: Within the 1H FVG at current market price. - Risk Management: - Risk per Trade: 1% of trading capital - Risk-Reward Ratio (RRR): 1:2
OANDA:WTICOUSDShort
by Fondera
3
GER 40 Trade LogGER40 Short Position (Discretionary) Rationale : - Overextension: The GER40 index appears significantly overextended without substantial fundamental support. - Rising German Bond Yields: An increase in German government bond yields suggests a shift towards higher borrowing costs, potentially impacting equity valuations. - MACD Divergence: A notable divergence between the MACD indicator and price action indicates a weakening bullish momentum, often preceding a trend reversal. - CVD Divergence: Divergence in the Cumulative Volume Delta points to a disparity between buying and selling pressures, signaling a potential downturn. Trade Details : - Position: Short GER40 via market order - Risk Management: - Risk per Trade: 1% of trading capital - Risk-Reward Ratio (RRR): 1:2 Note: This trade is discretionary and anticipates a sharp correction at market open. Despite the lack of a formal signal, the confluence of technical indicators and macroeconomic factors supports this decision.
PEPPERSTONE:GER40Short
by Fondera
A Look Again At RSI The RSI is beginning to print very bullish horizontal movement that is the print of a bull market The left hand side of this pattern is already printed, with the white vertical line being the middle of the pattern, now what is emerging is the right hand side of this larger structural pattern on the RSI, also indicative of a bull market. Early 2025 is going to be very bullish. Little white circle is where we are now corresponding to the last pattern if they evolve relatively the same.
CRYPTOCAP:TOTAL2Long
by Bixley
It seems that the altcoin bull market will start soon Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- - Funds are still flowing into the coin market, - BTC dominance has already touched the 55.01 point. Accordingly, if BTC dominance falls below 55.01 and is maintained or shows a downward trend, the altcoin bull market is expected to start. This altcoin bull market is likely to continue until the USDT dominance reaches around 2.84. However, if the USDT dominance touches the Fibonacci ratio point of 0.382 and rises above 4.97, the coin market is expected to plummet. The altcoin bull market is ultimately a market where you can make a profit no matter what altcoin you buy. Since the altcoin bull market is likely to take the form of a cyclical pumping, even if the altcoin you bought does not rise, it will rise if you wait. If you cannot wait for that period and switch to another altcoin, you may see little profit or even a loss, so please be careful when trading. ------------------------------------------ (BTCUSDT 1D chart) Even so, this is only possible if the price of BTC is maintained above a certain point. Therefore, BTC must maintain its price in the 91792.14-98871.80 range or higher. If it fails to do so and falls, the coin market will show a decline of -10% or more. - Therefore, it can be said that it is time to trade altcoins rather than BTC. When trading altcoins, it is better to buy and wait when the candle on the 1D chart is a downward candle if possible. However, as I mentioned earlier, if BTC falls below a certain point, it can experience a decline of -10% or more, so it is better to set a stop loss point and respond. Otherwise, you may not be able to sell due to a sudden downward trend and may record a loss. - (1h chart) - Check whether the wave of the StochRSI indicator on the 1h chart and - Check whether it is supported near the section composed of the BW(0), HA-Low indicator, - Check whether it breaks through the section composed of the BW(100), HA-High indicator, I think it is good to determine the timing of altcoin trading while checking the relationship above. ----------------------------------- This volatility period is expected to last until December 4th. The next volatility period is expected to be around December 27th. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire section of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, we can see that the increase is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. That is, the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to it. Since there is no support or resistance point when the ATH is updated, the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as a support and resistance role. The reason is that the user must directly select the important selection points required to create the Fibonacci. Therefore, it can be useful for chart analysis because it is expressed differently depending on how the user specifies the selection point, but it can be seen as ambiguous for use in trading strategies. 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 -----------------
by readCrypto
ETH's volatility period is expected to last until December 5th Hello, traders. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day today. ------------------------------------- (ETHUSDT 1D chart) Unlike the BTC chart, the HA-High indicator is showing signs of rising and being created. Accordingly, when the HA-High indicator is created at the 3602.01 point, the key is whether there is support near that point. - BTC's volatility period is expected to last until December 4th. However, since ETH's volatility period is expected to last until December 5th, we need to check whether it can be supported near 3644.71. Currently, the StochRSI indicator has fallen from the overbought zone and has switched to a state where StochRSI < StochRSI EMA, so whether there is support is expected to be an important point of observation. When the initialization of this StochRSI indicator is completed and it switches to an upward trend, if the price is maintained above 3644.71, it is expected to show an increase to renew the ATH. Since the BW(100) indicator on the 1D chart was created at the 3707.61 point due to this decline, the possibility of an upward trend starting has increased if it rises above 3707.61. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems that it has been maintaining an upward trend following a pattern since 2015. That is, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the uptrend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we expect that we will not see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, this Fibonacci ratio is expected to be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. How to view and respond to this is up to you. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 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 -----------------
by readCrypto
AUDUSD Wave Analysis 3 December 2024 - AUDUSD reversed from strong support level 0.6450 - Likely to rise to resistance level 0.6530 AUDUSD currency pair recently reversed up from the strong support level 0.6450, which has been reversing the price from the start of August, as can be seen below. The support level 0.6450 was further strengthened by the nearby lower daily and the weekly Bollinger Bands. Given the bullish divergence on the daily Stochastic indicator, AUDUSD currency pair can be expected to rise to the next resistance level 0.6530 (former minor resistance from November).
Long
by FxProGlobal
GBP/AUD: Downside Bias Intensifies Amid Completion of Head and STechnical Analysis The GBP/AUD pair currently exhibits a downside bias, underpinned by the confirmed head and shoulders pattern. If buyers fail to overcome resistance at 1.95451, further declines towards the outlined support levels are likely. Key Events to Watch While Tuesday does not feature any major scheduled events specifically impacting GBP/AUD, market participants are closely monitoring Wednesday's release of Australia's economic growth data and the United Kingdom's Purchasing Managers' Index (PMI) figures. These data points could significantly affect volatility in the pair, particularly if the results diverge substantially from consensus expectations. Read the full article on our website: erranteacademy.com
Short
by Errante
CFX is readyAfter an 80% correction from $0.55 this year, CFX seems to have found its lowest price of the year at $0.125. With Bitcoin's positive price movement, CFX looks to provide positive price movement. The signs are that the price action crossed the 21 SMA (weekly chart), and the RSI reversed and crossed the 50 boundaries. CFX's target is to make a higher high after $0.55. But before that, CFX must be able to cross the $0.23 price because there is a potential supply in that area.
by tomgre
2
The Beginning and End of the Altcoin Bull Market Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost". Have a nice day today. ------------------------------------- (USDT Chart) (USDC Chart) A lot of money is flowing into the coin market. - (BTC.D 1M chart) If BTC dominance falls below 55.01 and is maintained or continues to decline, the coin market is expected to start an altcoin bull market. When the altcoin bull market starts (some altcoins have started to rise), if you buy when the candle on the 1D chart is a bearish candle, you will almost always be able to make a profit. However, when the altcoin bull market starts, there is a high possibility that the altcoin will rise due to cyclical pumping, so it is recommended to maintain the coin (token) you have purchased once if possible. Then, if you buy when the candle on the 1D chart is a bearish candle one day, it may turn into a bearish trend, so it is recommended to set a stop loss point. It is necessary to consider a strategy to maximize profits by purchasing additional altcoins that are currently held, that is, altcoins with a yield of over 50%, when they show a decline of around -10%. When purchasing additional altcoins, it is recommended to proceed after confirming that they are supported by the support and resistance points drawn on the 1M, 1W, and 1D charts. - (USDT.D 1M chart) Then, I wonder how long the altcoin bull market will continue. I expect the altcoin bull market to continue until the USDT dominance falls to around 2.84. After that, the coin market is expected to experience a large plunge as the USDT dominance rises significantly. ------------------------------------------- (BTCUSDT 1W chart) Since the StochRSI indicator on the 1W chart has touched the 100 point in the overbought zone, an initialization operation is expected to occur. If this initialization operation maintains the price above 1.618 (89050.0), the coin market is expected to continue its upward trend. - (1D chart) Since the StochRSI indicator on the 1D chart has entered the 50 point zone, volatility is likely to occur. It is expected that the volatility period will continue until December 4, so it is necessary to check the movement. If BTC falls below the M-Signal indicator on the 1D chart, i.e. below 90586.92, most coins (tokens) in the coin market are expected to record a large decline. However, if it shows support around 87.8K-89K, it will show a large increase again. The large increase at this time will be in altcoins. - Since the box section of the current HA-High indicator is formed over the 91792.14-98871.80 section, the point to watch is whether it moves sideways around this section. If BTC rises to around 1.902 (101784.54), I think the coin market is likely to record a large increase. However, if BTC falls below 98892.0, it is expected to fall again, so caution is required when trading. - As I mentioned in the 1W chart description, if BTC touches over 100K or falls after encountering resistance near 98892.0, you should check if the StochRSI indicator on the 1W chart is initialized. This is expected to be an important time to decide when to buy in the short term. - Please refer to the previous idea charts for information on BTC's down or up points. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been maintaining an upward trend following a pattern since 2015. In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the upward trend is expected to continue until 2025. - (LOG chart) As you can see from the LOG chart, the upward trend is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, we do not expect to see prices below 44K-48K in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the upward trend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the upward wave. The Fibonacci ratio on the right is the Fibonacci ratio of the upward trend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you to decide how to view and respond to this. When the ATH is updated, there are no support and resistance points, so the Fibonacci ratio can be used appropriately. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous when used as support and resistance. This is because the user must directly select the important selection points required to create Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous when used for trading strategies. 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 -----------------
by readCrypto
Starting point for renewing ATH: 3644.71 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (ETHUSDT 1W chart) Similar to the BTC chart, the StochRSI indicator on the 1W chart of ETH is expected to undergo initialization. If this initialization maintains the price above 3438.16, ETH is expected to renew the ATH. - (1D chart) I told you that when ETH shows sideways movement below 3438.16, it is a time to buy. Currently, it is testing support at 3644.71, i.e., the starting line for renewing the ATH. If support is confirmed, a large increase is expected. If it fails to support and falls, 1st: 0.618 (3548.07) 2nd: 3438.16 3rd: 3265.0-3321.30 You need to check which area among the 1st and 3rd areas above supports it. If it falls below 3265.0, it is likely to take some time to rise, so you need to think about a countermeasure for this. - Anyway, the upcoming initialization of the StochRSI indicator on the 1W chart of BTC and ETH is expected to be the last time to buy heavily in this altcoin bull market. - Have a good time. Thank you. -------------------------------------------------- - ​​Big picture I used TradingView's INDEX chart to check the entire range of BTC. (BTCUSD 12M chart) Looking at the big picture, it seems to have been following a pattern since 2015 and has been rising. In other words, it is a pattern that maintains a 3-year bull market and faces a 1-year bear market. Accordingly, the bull market is expected to continue until 2025. - (LOG chart) Looking at the LOG chart, you can see that the rise is decreasing. Accordingly, the 46K-48K range is expected to be a very important support and resistance range from a long-term perspective. Therefore, it is expected that prices below 44K-48K will not be seen in the future. - The Fibonacci ratio on the left is the Fibonacci ratio of the uptrend that started in 2015. In other words, it is the Fibonacci ratio of the first wave of the uptrend. The Fibonacci ratio on the right is the Fibonacci ratio of the uptrend that started in 2019. Therefore, it is expected that this Fibonacci ratio will be used until 2026. - No matter what anyone says, the chart has already been created and is already moving. It is up to you how to view and respond to this. If the ATH is renewed, there are no support and resistance points, so the Fibonacci ratio can be appropriately utilized. However, although the Fibonacci ratio is useful for chart analysis, it is ambiguous to use it as support and resistance. The reason is that the user must directly select the important selection points required to generate Fibonacci. Therefore, since it is expressed differently depending on how the user specifies the selection points, it can be useful for chart analysis, but it can be seen as ambiguous to use it for trading strategies. 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 -----------------
by readCrypto
NZDJPY Wave Analysis 2 December 2024 - NZDJPY broke support zone - Likely to fall to support level 86.75 NZDJPY currency pair recently broke the support zone located between the support level 89.00 and the 38.2% Fibonacci correction of the upward price move from the start of August. The breakout of this support zone accelerated the active c-wave of the ABC correction 2 from the start of November. Given the strongly bullish yen sentiment seen today, NZDJPY currency pair can be expected to fall to the next support level 86.75 (former support from September and the target price for the completion of the active ABC correction 2).
Short
by FxProGlobal
EURGBP Wave Analysis 2 December 2024 - EURGBP reversed from support zone - Likely to rise to resistance level 0.8325 EURGBP currency pair today reversed up from the support zone located between the strong support level 0.8265 (which has been revering the pair from the start of November) and the lower daily Bollinger Band. The upward reversal from this support zone stopped the earlier impulse waves iii and (iii) –which belong to the downward impulse sequence 1 from August. Given the strength of the support level 0.8265 and the triple bullish divergence on the daily Stochastic indicator, EURGBP currency pair can be expected to rise to the next resistance level 0.8325.
Long
by FxProGlobal
EURUSD H1 02/12/2024 - SELL below 1.04850 OR BUY above 1.05750Overview of EUR/USD Price Action The EUR/USD pair is trading in a consolidation zone between 1.04950 (support) and 1.05250 (resistance), as seen on the H1 chart. Momentum indicators like the RSI (currently around 30-40 on H1) and Stochastic Oscillator suggest that the pair is oversold but lacks a clear directional trend. The MACD shows bearish momentum weakening, indicating potential for a reversal if resistance is broken, while the Average True Range (ATR) indicates low volatility. This creates the perfect scenario for breakout trades in both directions, depending on whether the market breaches the consolidation zone. Buy Stop Setup: Bullish Breakout Case Resistance Level at 1.05250: This zone has acted as a ceiling for the pair during the consolidation phase. A break above this level signals renewed buying pressure. Entry Level: Placing the Buy Stop at 1.05300, slightly above the resistance, ensures confirmation of a bullish breakout. Take-Profit Target: The next key level is around 1.05750, derived from: The previous monthly high at 1.05790. Fibonacci 61.8% retracement of the previous bearish leg. Stop-Loss: Setting it at 1.05100, just below the breakout point, protects against false breakouts. Rationale for a Buy Trade: A breach above 1.05250 will invalidate the current bearish trend on H1 and confirm short-term bullish momentum. This move aligns with possible USD weakness in the upcoming sessions due to softening fundamentals (e.g., dovish Fed sentiment or weaker US data, if relevant). Sell Stop Setup: Bearish Breakout Case Support Level at 1.04950: This level has provided solid support for the pair recently. A breakdown below this level signals bearish continuation. Entry Level: Placing the Sell Stop at 1.04850, slightly below support, ensures entry only after confirmation of bearish pressure. Take-Profit Target: The next target is around 1.04450, derived from: Fibonacci 161.8% extension of the recent correction. Psychological round number support at 1.04500. Stop-Loss: Setting it at 1.05050, just above the breakout level, limits risk exposure from potential pullbacks. Rationale for a Sell Trade: A breakdown below 1.04950 signals bearish continuation, possibly targeting the lows seen earlier in November. This move aligns with recent USD strength and market sentiment favoring safe-haven currencies. Technical Indicators Supporting the Setup RSI: On both M30 and H1 timeframes, the RSI hovers near oversold levels, showing a lack of momentum but creating potential for a breakout in either direction. Stochastic Oscillator: Shows the market is at extremes, either overbought or oversold, adding further credence to the possibility of a directional move. MACD Divergence: The MACD histogram on H1 is attempting to flatten, suggesting the bearish momentum is waning and that price could either consolidate further or reverse to the upside. Ichimoku Cloud: The H1 chart shows price is trading below the cloud, indicating a bearish bias. However, price action is close to breaking out, supporting both trade scenarios. Market Sentiment & Fundamental Factors Dollar Index (DXY): A closely watched driver of EUR/USD, the DXY has been showing signs of indecision in recent sessions. Any weakening of the dollar could trigger the bullish breakout, while dollar strength supports the bearish case.
by napoleon182
ATOMUSDT Long Setup Setting / Quick 15Min LongBINANCE:ATOMUSDT COINBASE:ATOMUSD 📈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: 8.723 8.811 8.913 9.029 🔴SL: 8.358 🧐The Alternate scenario: If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
1
DOGSUSDT Long Setup Setting / Quick 15Min Long BINANCE:DOGSUSDT CRYPTOCOM:DOGSUSD 📈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: 0.000772 0.000784 0.000793 0.000804 🔴SL: 0.000714 🧐The Alternate scenario: If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
USOIL (WTI)Today's trade setup is informed by a top-down approach, with a focus on the interplay between USD strength and commodity markets, particularly crude oil. During the Asian session, the U.S. Dollar displayed significant strength, which often exerts downward pressure on oil prices due to their inverse correlation. This relationship is rooted in the causality loop between the Dollar Index (DXY), global demand for commodities, and their pricing mechanisms. A stronger dollar typically makes crude oil more expensive for international buyers, reducing demand and weighing on prices. The magnitude of dollar strength in today's Asian session reinforces the likelihood of subdued demand, aligning with our thesis for shorting oil. On the technical side, crude oil futures have approached a key resistance level, which coincides with declining momentum on shorter timeframes confirming our bearish outlook. Furthermore, the overall risk sentiment in the market remains fragile, supporting safe-haven flows into the dollar and away from risk assets like crude oil. Given these factors, a short position in oil aligns with both the fundamental and technical backdrop. Trade risk is carefully managed, with stop-loss placement above the resistance level and targets positioned to capitalize on potential declines toward the next key support area. This trade will be actively monitored for any signs of reversal, particularly in the European and U.S. sessions, as shifts in USD dynamics or geopolitical news could alter the setup.
TVC:USOILShort
by Beclinks_Capital