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BTCUSD Breakdown: Bearish Sentiment DominatesBEARISH ALERT!
The market is going grizzly, folks! Both the 1hr and 5min charts are showing bearish trends, with lower highs and lower lows trapped in a descending channel. Anything broken above top trendline could change direction, but stay cautious of fake break outs, always look for a retest and a confirmation before executing a buy.
Here's the bear necessities:
- Bearish Sentiment: Both timeframes are bearish, making it a great time to consider short positions!
- Liquidity Zones: Keep an eye on liquidity zones around 104,700 and 102,200. These areas might attract institutional traders, making it an awesome setup for shorts!
- Order Blocks: Watch for order blocks and fair value gaps around supply and demand areas. These can significantly influence market movement!
Trade Setup:
- Entry Point: Short position when the price sweeps liquidity above 104,700 on the 1hr chart, followed by a bearish engulfing candle on the 5min chart.
- Stop Loss: Above recent swing high (~105,000)
- Take Profit:
- Take Profit 1: Previous low (~102,200)
- Take Profit 2: Next significant support (~100,000)
- Invalidation Criteria: Break above descending channel with strong bullish candles or sustain above 105,000 resistance level.
Remember, wait for confirmation and avoid impulsive entries. Stay aware, traders!
Dax Short 4HGood Day, Trading View friends!
I'm excited to share my latest trading insights with you. This setup is all about those trusty Fibonacci and psychological levels. Right now, the DAX is testing a 4-hour midline, and we’re typically seeing a pullback at this point. If the DAX can hold 21,500 and 21,550 as a demand area, based on our earlier 4-hour wave, we're aiming for the next level at 21,965 to 22,000.
I’m on the lookout for a rejection near 22,000, followed by an M pattern with a lower high on the second peak for that perfect entry confirmation.
Also, be cautious today as we have the FOMC meeting. Make sure to factor that into your strategies!
Feel free to check out my previous setups to get a feel for how I approach things. I can’t wait to hear what you think and keep the conversation going!
The Gold Rush Resumes: Aiming for "2782"Disclaimer: this particular analysis is not a trading advice but a personal opinion.
Greetings! kindly share your thoughts on Gold today in the comment section.
Gold Price Now: 2740
Gold has given a fake breakout of H4 Bullish Parallel Trendline which indicate continuation of a bullish trend. Gold is back to its bullish track and can go further high today. Its first target will be 2762 and after breaking this position bulls next target will be 2782. The Supporting area is 2732 and buying zone is 2740. Gold is still in a race to hit a new All Time High.
Supporting Area: 2740, 2732
Resistance Area: 2762, 2782
Demand Zone: 2782
Like, comment and support for more updates on Gold.
Thanks for your support mates
TSLA at a Critical Level! Bullish Momentum or Resistance BreakouPrice Action Analysis
* Current Price: $401.00 (Ask)
* TSLA is trading within a consolidation zone near $400. Recent price action suggests indecision, as the stock tested resistance at $413 but failed to sustain momentum.
* Key Support Levels:
* $395: Immediate support, aligning with previous consolidation zones.
* $378.85: A stronger level that could act as a potential demand zone if the price breaks lower.
* Key Resistance Levels:
* $413: Immediate resistance. A breakout above could signal a bullish continuation.
* $420.73: The next critical level for bullish momentum.
Indicators
* MACD: Flattening near the signal line, indicating a lack of momentum but suggesting a potential bullish crossover.
* Stochastic RSI: Neutral at 52.77, suggesting a balanced condition. A cross above 70 could confirm momentum.
GEX Analysis and Option Sentiment
* Gamma Exposure (GEX): 93.2% calls, suggesting a bullish sentiment in the options market.
* High Positive NETGEX Level: $420 (Gamma Wall) serves as a strong resistance point.
* Key GEX Levels:
* $450: Strong CALL wall, potential upside target.
* $365: PUT support, strong demand zone.
Trading Plan
Scenario 1: Bullish Breakout
* Entry: Above $413
* Target 1: $420
* Target 2: $430
* Stop Loss: Below $395
Scenario 2: Bearish Rejection
* Entry: Below $395
* Target 1: $378
* Target 2: $365
* Stop Loss: Above $413
Option Strategy
1. Bullish:
* Calls: Buy $420 Calls (expiration within 2 weeks).
* Target premium growth if TSLA breaks $413 convincingly.
2. Bearish:
* Puts: Buy $380 Puts (expiration within 2 weeks).
* Target profits if price breaks $395.
My Thoughts
Tesla is poised for a significant move. The consolidation near $400 suggests that the next breakout or rejection will dictate the short-term direction. With GEX supporting a bullish case, $420 remains a critical target. However, a failure to hold $395 could bring a bearish wave.
Disclaimer:
This analysis is for educational purposes only and does not constitute financial advice. Market conditions may vary at premarket open. Traders are advised to adjust strategies accordingly. For questions, please PM me!
106K Showdown: Can BTC Send?Bull
Breaking levels—momentum needs to keep rolling.
If this is the send, eyes on the usual markers.
106K is still the big bad bulls need to break.
Clear that, and we start looking for idealized moves.
Let’s see if they’ve got the juice.
Here is the ideal path if it can break above.
TSCO supplies LARGE gains for me - LONG at 54.29TSCO may not be an obvious choice for the kind of short term trading I do, but that doesn’t stop it from being literally one of the 5 best stocks (historically) for my trading system. In backtests and live trades, it has a record of 892-1. The average gain on those trades was +2.6% in an average of 11 trading days for an average daily return of almost 6x that of the S&P. Both of those are very good numbers compared to the universe of over 2000 stocks I screen. Additionally, it produces low drawdowns with my system (all time max of 7.7%) and its max allocation of capital was 10 lots, less than half of the average stock in my universe. Basically, it produces outsized daily returns, with much smaller than average capital usage and small drawdowns. That's EXACTLY what this system is aiming for.
It would not surprise me, though, if it had a couple more down days first. When stocks gap down on earnings, that's usually not a 1 day thing. But while the setup here is not ideal, I'll take that chance, considering its outlandishly good returns over time. Like in poker or blackjack, there's always a chance for a bad beat, but the odds are decidedly in my favor here.
It has also had some semi-unpleasantly long trades of late, but even if this trade produces half the normal return AND takes twice as long to pay off, it's still a far better return than the average return of the market. There is plenty of near term support from the regression channel bottom as well as recent lows at 55.10 and 51.93 too. Here's hoping TSCO pulls some profits my way and does so quickly.
Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
SOL - 4H Elliott Wave AnalysisGreetings, this is our update for the 4H Elliott Wave Count of Solana.
We dipped into our white Wave 2 support area as expected in our last Analysis.
We are looking for an impulsive bounce soon.
The white Wave 2 support area sits between the 0.5 FIB at 232.35 USD and the 0.886 FIB at 183.35 USD.
It is unclear if the correction is over yet as we can only count 3 waves down displayed in green.
We assume we are currently working on the 5th green Wave down which would finish the correction in pink Wave C.
We added some targets for the green Wave 5.
These targets sit at the 1 to 1 FIB at 220.15 USD, the 1.618 FIB at 205.41 USD, the 0.618 FIB at 213.54 USD and the 0.786 FIB at 205.26 USD.
After this correction finishes in either white Wave 2 or red Wave B we expect and impulsive move to the upside in either white Wave 3 or red Wave C.
Noteworthy is that the optimal target for pink Wave C sits at the 1 to 1 FIB at 203.79 USD which is in confluence with the the 1.618 FIB at 205.41 USD and the 0.786 FIB at 205.26 USD of the green Wave 5 that we expect.
Be aware that we have high impact news later today.
Federal Funds Rate followed by the FOMC statement which can lead to volatility.
Thanks for reading.
NO FINANCIAL ADVICE.
Gold Testing All Time High LevelsIt is no secret that the precious metals have been at the forefront of traders' minds over the past year with Gold and Silver showing significant gains near all time high levels. The Gold market today is up over $50 on the February contract and is now trading near the all time high levels achieved in October of 2024. Looking at the economic data, initial jobless claims came in better than expected while GDP came in worse than expected.
Along with the economic data, the Fed met this week and kept rates unchanged, and the CME Fed Watch Tool is now pricing in the first rate cut of the year to come in June. This estimation can change over the course of the next few months based on many different indicators such as unemployment and inflation, but precious metals traders will be keeping an eye on guidance from the Fed to see if the current run in Gold and Silver will continue.
Finally, we'd like to let all our readers know that CME Group has partnered with TradingView to host The Futures Leap, a 1-month trading challenge through which participants can learn to master futures markets, trade big events and compete for a share of a GETTEX:25K prize purse. Click here to register for this event.
If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/
*CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc.
**All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.
TOTAL Crypto Market CapThe TOTAL Crypto Market Cap is currently trading range-bound between its 2021 and 2024 all-time highs. For bullish momentum to return, a decisive breakout above these resistance levels is critical. Such a move would not only boost market confidence but also likely attract fresh retail investment into the crypto space, potentially triggering a broader market rally
gbpaud-sell strategy 6 hourly chartThe pair is overbought, and it has tried breaking 2.0000, but it did not last long, and besides, we are having sell signals as well. I remain having the same view and see 1.9860 possible short-term.
Strategy SELL @ 1.9955-1.9990 and take profit near 1.9867 for now.
$IWM Analysis, Key Levels & Targets for Today and TomorrowSo we are just underneath 35 EMA if we manage to get above it 50 day moving average will be the target and if we get above that 230 on the day. 231 on tomorrow’s contract. Would be looking at 230 231 bear calls spreads if we do get over the 50 day.
Underneath us, we have that downward facing one hour 200 moving average we also have the four hour two under average and 225 which has held us up so far this week. 223 is the bottom of the move and for tomorrow it’s 222. Underneath that we do have an island gap which we still need to fill, but it’s not in today’s trading range and , I wouldn’t call that a target just yet
GOLD (NEW HIGH LEVEL & REVERSING)Gold prices are currently stabilizing as market participants remain cautious ahead of the U.S. Federal Reserve's interest rate decision. The price is undergoing a correction, approaching the $2,750 support level, which is expected to play a crucial role in determining the next move. If buyers step in at this zone, gold could see a strong rebound, pushing toward $2,789, with a potential breakout to $2,810 if bullish momentum persists.
However, broader market conditions introduce an element of uncertainty. The recent short-covering rally, fueled by concerns over tariffs, drove prices close to all-time highs, but profit-taking has since led to fluctuations. Last week, gold surged 2.6%, nearing its October peak, but has now entered a period of consolidation as traders assess the impact of potential Fed rate cuts and a possible equity market correction.
If gold fails to hold $2,750, the next critical test lies at $2,731. A break below this level would shift momentum, signaling a deeper pullback. Given the volatile macroeconomic landscape, the market remains at a crossroads, waiting for clarity on policy direction before making its next decisive move.