Community ideas
Possible breakout push on Durable GoodsSeeing a quick rebound from the interest rate, I think the euro will continue its momentum thru the holiday season week ahead. Durable goods will be an important catalyst in this idea, for the euro to breakout the current downtrend, driven by economic uncertainty for the euro overall to see possible higher highs. I’m not getting comfortable with the euro, but it’s historically a decent week for a breakout.
First published idea, any thoughts? Please share, newer trader.
Early Still: 1,000%+ Potential (How To Pick The Top Performers) This is just like August 2024. In the sense that a major low has been hit for many Cryptocurrency pairs.
Back in August, the major low led to strong bullish action, on some pairs.
Now, in December, the major low hit recently signals the start of a new major bullish wave.
Just as it happened in August, many pairs grew strongly but others continued to consolidate (sideways).
Some pairs even moved lower and went on to produce a lower low rather than going up. That's why we have to be wise when choosing which pair to hold.
To spot the pairs that will grow just notice the volume and the chart structure.
Try and notice how high they went compared to their 2021 All-Time High. Those that produced only a very small bullish wave recently, these can move strong. Those that produced major growth and new ATHs, these can either go sideways or crash all-together.
So the energy is moving to those that are yet to shine, which is normal. The market moves in groups.
First one group, then another one and so on. This process will go on for years... Until the entire market is 10-20 levels higher up.
Those that already grew strong, trading high/near resistance, from these, stay away.
Those that are low and produced little grew, these might be better to buy for this bullish wave.
Being low is not the only requirement to choose a pair. You can look for a break above local resistance, trading above certain moving averages, volume and how the pair performed in the past. You can also use your intuition to make the right choice because sometimes a pair is about to move strongly but the chart looks bad.
To engage your intuition, just see if you get any reaction when you browse through a list of pairs. If there is some sort of feeling, a mental impression or familiarity with a pair that is doing nothing, it might mean it will do something in the future. This part should only be used once you are really advance at spotting the signals.
If you can pick the bottomed out ones successfully, then you can try to improve by adding the intuitive aspect. If not, keep practicing on the basics.
On this chart, we have the rounded bottom and recent higher low. The oscillators show a strong, long-term bullish divergence. On the daily timeframe we should see a break above several important EMAs, etc. And again, volume of course for confirmation.
By the way, I already did it for you... Here is another one.
Thank you for reading.
Namaste.
EUR/USD Downward Movement to Continue?The EUR/USD pair continues to show bearish potential on the daily timeframe.
While Friday's high could be taken as part of a retracement, the overall trend remains bearish.
There is a potential move toward the sell-side liquidity (SSL) below, aligning with unmitigated imbalance zones and market structure.
Watch for price reaction in and around the Daily FVG level and the Fibonacci retracement zones for a potential bearish setup on the lower timeframes.
Trade Safe ;)
Bitcoin BTC Has Almost Finished Correction: Huge Gains Ahead!Hello, Skyrexians!
We hope you made a right decision when received the warning sign by our Bullish/Bearish Reversal Bar Indicator from our previous Bitcoin analysis . Now we see that this correction is happening right now and there is some space to go down more but not that much as you may be think.
Let's take a look at the daily BINANCE:BTCUSDT chart. We can see that our indicator has printed the red dot at the top of the wave 3. After that this dump has been started. This is wave 4 and it has the clear target between 0.38 and 0.5 Fibonacci levels. Therefore we can conclude that max target which price can reach before the reversal is 84k, but it's more likely the reversal will happen earlier, at $89k.
When correction will be finished we can expect the wave 5 with the optimistic targets between $120k and $140k. Here is nothing change from the last analysis. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
Best regards,
Skyrexio Team
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DAY 3 - Daily BTC UpdateBitcoin must hold the key support level of $92,300 to maintain its bullish outlook and validate the Dragonfly Doji pattern on the daily timeframe. There is conflicting data, with momentum indicating increasing selling pressure, reflected in the formation of lower highs on the daily chart, but the STOCH RSI has bottomed.
Bitcoin’s hash rate—the computational power used to mine and process transactions—has risen by 5.48% to 830.78 EH/s, showcasing stronger network security and processing power. Despite this, mining difficulty remains unchanged at 108.52 T, suggesting that while miners are contributing more power, the effort required to mine a block has not yet been adjusted.
The Crypto Greed and Fear Index currently stands at 70, indicating market greed. While this sentiment suggests confidence, it could also signal caution as investors may pull back from further price increases after the recent decline. The total cryptocurrency market cap has dropped by approximately 2.9%, with Bitcoin dominance slightly decreasing to 55.1%, reflecting minor shifts in market dynamics.
In trading, long liquidations have surged, with over $38 million in Bitcoin long positions liquidated within four hours. This sharp move signals a potential bearish turn, driven by traders taking profits or reacting to external pressures. Despite this, declining trading volume suggests fewer sellers in the market, which could hint at stabilisation or a potential reversal.
On-chain data provides a more optimistic perspective. Whale accumulation has increased, and exchange liquidity inventory ratios have declined, signalling that large holders are likely accumulating Bitcoin for longer-term gains or anticipating a price recovery. Moreover, exchange reserves are decreasing, reducing the immediate supply of Bitcoin available for sale. This dynamic supports a potential price rebound if current trends persist.
The past 24 hours have been volatile, with Bitcoin leaning bearish in the short term. However, the underlying on-chain metrics—such as whale activity and reduced exchange reserves—suggest that bullish investors still have hope. A buy-the-dip opportunity may arise if Bitcoin forms a higher low in the coming sessions, potentially paving the way for a recovery.
I am still Buying the Dips :)
PS there were a few more images on the in group update - but not allowed under Trading View Rules - Sorry :(
BTC Analysis for LONG....Asalam.o.alaikum (Hi)! Community,
Hope you all are doing great, and preparing yourself for the chirstmas. So here is the LONG-TERM idea for the BTC according to the 30min timeframe. Market is in the 50% reversal area and keep an eye upon it... Let see the market move.
Cheers,
Thanks!
Intikhab Gillani MOCHH
Analyst (Ultra Securities & Hedge Funds PvT Limited Pakistan)
22/12/2024
XAUUSD 23.12.24OANDA:XAUUSD
Hello traders, we are currently in our wave (3) heading towards wave (4) within an ABC correction. Our wave B could either directly transition to wave C or form a 1, 2, 3, 4, 5 setup leading to wave C. We have a strong resistance zone at 2620. If we break through this level to the upside, I believe we could see a 1, 2, 3, 4, 5 setup. Otherwise, in the case of an ABC correction, we will most likely drop to around the 2300 level. This is both a Fibonacci zone of our (4) wave and the Fib extension take-profit level of our ABC wave.
EURNZD Price Range in movement EURNZD Price will Continually Trading Movement . The price will move as Bearish setup As based on the market conditions here long buy size so any way price will drop and move to Support Zone.
Current Price 1.84500
1st Support Zone 1.83020
2nd Support Zone 1.81500
You may find more details in the chart.
PS Support with like and comments for more insights Thanks you.
Bearish PLTRAs I continue to practice and learn Elliot wave, it is fairly apparent PLTR is overheated using other metrics. The stock has blown past the 1.618 Fib, the BBWP remains extremely overheated, and the stochastic RSI is overheated as well. I believe we will see a mild forth wave followed up a dead cat bounce. This 5th wave rejection will lead to the correction PLTR has been needing for months.
My targets for mid year 2025:
45-52$
Multiple Different Outcomes I Wanted to Share.I think its finally time for PLTR to seek some downside.
I put the four down move outcomes I think will happen and a few for upside peaks. We are stalling out on PLTR and the dont even get me started on the earnings/finacial side of the company versus its price.
Next weeks bear target is 75-70 and longer term is 60.
Bull case for this stock is 100. But I highly doubt it.
Last Cycle -> This CycleNo two cycles have ever been exactly the same and it remains to be seen if that will ever happen. Bitcoin has thus far demonstrated a certain amount of cyclicity and predictable behavior on a 4-year time scale that has been widely studied and written about. Given BTC's overall influence on the asset class, we'll make the assumption in this idea that ADA can also exhibit a certain amount of cyclicity and predictable behavior within a similar time period.
I'll start by defining 4, temporal 'parts'. From cycle to cycle they do NOT translate exactly and it's possible I'll look back in two years and realize I drew them wrong. Regardless of this, let's explore.
~~
Part 1 - The premature "Rally"
The rhetoric of "This time is different" and "We're going to see new ATH's next month" are particularly strong. This "Rally" usually starts towards the end of the pre-halving year or sometime early in the halving year. Positive USD price movements set the stage for a short staged, preliminary mania before the inevitable lull.
~~
Part 2 - The Pre-Parabolic lull
After seeing a 2x - 6x return from the cycle bottom, which is usually quite nice given years of mostly weekly red candles, a summer or late fall lull sets in.
The rhetoric of "Crypto is dead" and "It's never going to go up again" emerge.
The prior cycle, at least for ADA, appeared to be much shorter than this cycle's early new ATH ~6 months ago for BTC. Given bitcoin had a long cooling off period time year, it's not particularly shocking that ADA did as well.
~~
Part 3 - The first kickoff and the 35% downwick
Cue the US elections and like clockwork the asset class kicks off. BTC breaks 100k for the first time, ADAUSD skyrockets from ~$0.30 to ~$1.30.
IF YOU TAKE NOTHING ELSE FROM THIS POST AT LEAST CONSIDER THIS: ADAUSD, like ETHUSD, does not exactly have a great December track record during the halving year. Last Cycle, ADAUSD saw a -35% downwick from the local high to the local bottom. Ask yourself: Do you think this flushed some people out? Do you think some panic sold?
Nobody, not me, not anyone, knows where the USD valuation is going. I believe it's going to go higher but all I know for sure is that where we are now...December of the halving year...is behaving, overall, quite similar to December 2020. ADAUSD skyrockets to $1.30 and then wicks down to the $0.77 range.
~~
Part 4 - The Real Parabolic Rally
Cue the post-halving year which we are less than 2 weeks away from. In 2020, from the last week of December to the last week of February, ADAUSD rallies 834%.
834% in 8 weeks. And during this time, it printed 2 weekly red candles in the later half of Jan that sent the price down -34%. And then, at the start of March, it printed two more red candles that sent the price down -25%.
But the rally wasn't over because the USD valuation in the Spring of 2021 was still in the low $1's. It wasn't until the second week of May that ADA hit $2 for the first time and it wasn't until late August it hit $3.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I believe the real parabolic rally hasn't start yet. I believe that if ADAUSD behaves similarly to how it did last cycle, we're going to have an exciting next 10 weeks, a cooloff in March+April, and an exciting start to summer.
There will be turbulence. There will be doubt. This is crypto, this is the nature of trading.
I suspect there will be weeks after a new local high is printed that we're all down 20%-40% and that's okay, it doesn't imply the end of the cycle.
~~
This isn't financial advice and this isn't investment advice, but now that we're still in the <$1.00/ADA it's probably worth determining what you want your exit strategy to be.
Good luck out there.
Gold is Ready to Break Resistance lines!!!Gold attacked a Heavy Support zone($2,605-$2,584) yesterday, as I expected .
Gold is starting to rise from the Heavy Support zone($2,605-$2,584) and breaking the First Resistance lines .
According to the theory of Elliott waves , Gold managed to complete wave 5 so that wave 5 was Truncated .
I expect Gold to attack the Downtrend line and the Resistance zone($2,642-$2,620) after breaking the First resistance lines .
⚠️Note: If Gold goes below $2,600, we should expect more Dumps⚠️.
🔔Be sure to follow the updated ideas.🔔
Gold Analyze ( XAUUSD ), 15-minute time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
TradeCityPro | ENA : Navigating Parabolic Growth👋 Welcome to TradeCityPro!
In this analysis, I’m reviewing the ENA token, which belongs to the Ethena project operating within the Ethereum ecosystem. This project has successfully ranked among the top 10 DeFi projects by TVL.
📅 Daily Timeframe: Parabolic Trend and Reaction to Supply Zone
This token was recently launched and distributed its airdrop approximately 9 months ago to its users. After the airdrop, the project faced significant selling pressure, with its price reaching new historical lows of $0.2619 and then $0.2020.
👑 As Bitcoin began its bullish movement and broke its important 72k resistance, ENA also gained momentum, with increasing purchase volumes. It managed to fully recover and return to its ATH at $1.45.
📈 In this upward trend, ENA has undergone two re-accumulations, one under the $0.4234 resistance and the second under the $0.6844 resistance. These consolidation phases beneath critical zones help maintain a healthy uptrend without overly sharp corrections. However, the parabolic nature of the trend still suggests a higher risk of sharp retracements.
🔽 Currently, as the price has reached the ATH ceiling—a strong supply zone—the likelihood of corrections has increased.
📉 In case of a downward move:
The first support is the curved ascending trendline, acting as a dynamic support.
If the trendline is broken, the next support lies at $0.6844, which seems logical during a correction phase.
The final critical support is at $0.4234, and breaking it would signify the end of this bullish trend. The market would then require building a new structure for further momentum, either upward or downward.
🧩 From a technical perspective, volume is aligning well with price movements, confirming the upward trend. Meanwhile, the RSI above 50 indicates that corrections are less likely to lead to sharp declines unless the 50 level is breached.
🚀 If the ATH at $1.45 is broken, the next targets would be $2, $2.5, and $3.2, based on 6-month pivot points. Monitoring these levels closely for potential trend reversals is advisable.
⏳ 4-Hour Timeframe: Futures Triggers
In this timeframe, the focus is on specifying futures triggers for both long and short positions.
🔼 The market has managed to recover entirely from its correction and is among the few coins to successfully engulf its entire pullback.
📈 Breaking the $1.2423 resistance could confirm a long setup. However, trading in the $1.2423–$1.45 supply zone will be challenging due to its significant resistance.
📉 It’s recommended to wait until the $0.8550 level is breached for a short position. This would signal a trend reversal, providing a safer entry for shorts.
Currently, given the strong resistance, it’s better to avoid opening short positions without a confirmed trigger.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
USD Expected to Strengthen: A Structured Economic Analysis.The coming week is anticipated to witness the strengthening of the USD, driven by a combination of robust US economic fundamentals and global uncertainties that shift investor attention toward safe-haven assets. Below is a comprehensive analysis of why the USD's strengthening trend is becoming increasingly evident.
1. Strength of the US Economy:
The US economy continues to demonstrate impressive performance. Strong retail sales and stable consumer spending reflect high consumer confidence. In the upcoming week, reports on durable goods orders and personal income are expected to show positive growth, signaling that the US economy remains resilient despite a high-interest-rate environment.
Moreover, controlled inflation provides room for the Federal Reserve to maintain elevated interest rates. This approach enhances the appeal of US bonds and assets, thereby supporting demand for the USD.
2. Hawkish Stance of the Federal Reserve:
The Federal Reserve has reaffirmed its hawkish stance in recent meetings, committing to maintaining high interest rates until inflation returns to the 2% target. This approach has triggered increased capital inflows into US markets as high-interest rates improve investment returns denominated in USD. Global investors view the USD as the currency of choice in a tight monetary environment.
3. Global Uncertainty Favors Safe-Haven Assets:
Amid a market climate overshadowed by geopolitical and global economic instability, investors are gravitating toward safe-haven currencies like the USD. Factors such as economic slowdowns in the UK and the eurozone, global trade tensions, and domestic political risks in major economies further bolster the USD's position as a top choice for investors.
4. Weakness of Competing Currencies:
The GBP and EUR are expected to remain under pressure in the coming week. UK economic data reveal weaknesses in the labor market, burdensome inflation on consumers, and sluggish growth. Similarly, the eurozone faces challenges with persistent inflation and a slowdown in the manufacturing sector. These uncertainties create opportunities for the USD to dominate currency pairs such as GBP/USD and EUR/USD.
CONCLUSION
The USD is projected to maintain its strengthening trend next week, supported by robust US economic fundamentals, the Federal Reserve's consistent monetary policy approach, and global risk sentiment favoring safe-haven currencies. For investors, strategies that capitalize on the USD's strengthening could present opportunities to leverage current trends in the global financial markets.
This scenario confirms that the USD is not only a protective asset during global uncertainties but also a symbol of the resilience of the United States economy.
TIME KEY TRADE: Monday's Critical Opportunity.
Next Monday presents a critical trading opportunity for EUR/USD and GBP/USD, as both pairs are expected to form peaks before declining to new lows.
Solana Is In A Good Spot! My StrategyHey everyone,
here's a breakdown of my mid-term strategy for Solana (SOL/USDT). We're focusing on simple but effective rules, such as a Support & Resistance flip, which is happening as we speak.
Based on my experience (this is my third cycle), these steep corrections are great opportunities to add different altcoins to your portfolio and in some cases, take a leveraged position. 2025 will be bullish for crypto. And Solana is one of the better picks in this market.
If you like these kinds of explanatory ideas, please let me know in the comments.
Best,
Anton
Bullish Cypher - SPY spotted a bullish Cypher pattern on SPY’s daily chart, and it looks promising.
Entry: Current Market Price
Stop Loss: 575.50, just under the D-point, to give the trade some breathing room.
Targets: All time high
Ideas and Inputs are welcome.
Thank you for dropping by.
Disclaimer:
This analysis is for educational purposes only and is not financial advice. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always do your own research and consult with a financial advisor before making any trading decisions.