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2024-11-27 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax xetra - 19300 was crushed early and we tested 19200 and given yesterday. Market tried to reverse it but failed below the breakout point. That’s bearish on one hand but we closed above the daily and 1h 20ema. Bulls need 19500 and bears 19100. We are trading right in the middle of it and that zone is death for your account. Wait for a strong breakout. It will likely happen tomorrow. comment: Market hit the midpoint of this trading range and went back above 19300. We are in no mans land between 19200 and 19400. Bearish below, bullish above. Break above 19350 tomorrow and we will see 19400 and likely 19460 afterwards. Fail at 19200 and we go down to 19000. Absolute in balance is what this is, so no bias on my end. current market cycle: trading range key levels: 19200 - 19400 bull case: Bulls need a 1h close above 19350 for higher prices. That’s all there is to it right now. Invalidation is below 19250. bear case: Bears want to stay inside the bear channel and test 19200 again. We are seeing many converging lines for tomorrow, so it’s reasonable to hope for a bigger trend day tomorrow. Invalidation is above 19350. short term: Neutral. Clear levels given, hoping for a big day tomorrow. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Short from the open, which was a bit unexpected imo. Market then formed clear and expected support at 19200, which was a good long for 200+ points.
EUREX:FDXSZ2024
by priceactiontds
2024-11-27 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. nasdaq e-mini futures comment: Market tested the 50% retracement to the tick and reversed up. It also closed above the daily 20ema, so bulls remain in control but barely. Clear triangle on the daily chart and it has room for 1-2 more days but it could also break out big time tomorrow. current market cycle: Bull trend but also nested triangle on the daily chart key levels : 20500 - 21500 bull case: First target is a break above 2100 and we would likely see giving up by the bears then and no more resistance until 21340. If bulls fail here and the bull trend line from August breaks, market is free to crash down to 18000. Invalidation is below 20500. bear case: Bears need strong follow through selling below 20700 or we won’t see lower prices. 20850 is around the mid point of the triangle and my line in the sand for bears. If they manage to keep it below, we could test down to 20700 and maybe break below. Invalidation is above 21000. short term: Neutral. Either wait for a bigger breakout or play the range. medium-long term: If we stay above 20500, will likely rally more into year end before a bigger correction. current swing trade: Nope trade of the day: Selling the US open. Market traded below the 2m 20ema for 240 points down.
CME_MINI:MNQ1!
by priceactiontds
2024-11-26 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well. tl;dr bitcoin - Almost 10% correction now. How many bulls bought above 95k for 100k and have their stop below 90k ? My guess is a lot. I still think this is just the usual liquidity grap before another big move up. 87k - 93k is a dead zone for me. We have support with the previous pause around 87k and daily 20ema at 89k. If you see strong buying with follow through, you have to get long if you want to see the 100k. Below 85k I think it’s not unlikely that we crash down to 70k and say goodbye to 100k for a couple of years. comment : I think the selling gets weaker and bears could soon disappear again. The bear channel looks good so far but every new low is heavily bought and that can continue for only so long. current market cycle: Still a bull trend as long as above 85000. key levels: 85000 - 100.000 bull case: Bulls need a reversal soon or this might accelerate. They are buying new lows and the pullbacks higher are 2000+ points. Tomorrow or latest Thursday we will either see an acceleration down or finally the big move to print 100k and probably some above. Biggest problem for bulls is the confirmation. It’s only above 94600 and that’s pretty far away from 91000. Can you long this at 92000? Sure but do you put your stop at 90000? 89000? I think the risk is too big that this get’s tested as well. As always, have a trade with bigger risk and higher probability or the other way around. Always comes down to preference. Invalidation is below 85000. bear case: Bears are decent in selling the 1h 20ema and every rip. How long can they continue? I don’t know. Pullbacks from the selling are getting bigger and stronger. I doubt we see another strong bearish day tomorrow. Bears have to cover above 95000 and above that we see an acceleration upwards. Below 90000 bears might get cocky. If you look at the daily chart, it’s still just a minor pullback to the daily 20ema. The gigantic bull gap from 73800 to 87500 is open and won’t likely be closed the first time we get down to 87500 again. Invalidation is above 110.000. short term: Still think it’s bullish but I need strong confirmation now. Max bearish below 85000. medium-long term - Update from 2024-11-10: 100k and then on the second sign of weakness, will short it to 50k. Remember, there will be people, just like in 2021 who bought all the way down and there positions were -50% or more and those legends told you to buy more all the way down. Will happen exactly like that in 2025 again. If you don’t book big profits on it’s way to 100k, don’t you fucking cry when your position is underwater again. current swing trade: Shorts will go brrrr soon. trade of the day: Shorting near the 1h 20ema or 94000 was decent.
CRYPTO:BTCUSD
by priceactiontds
Will 90k Hold Bitcoin?Alright, so we couldn't quite tag 100k. Not surprising. 100k is huge psychological resistance and we can now see from on-chain data that long-term hodl'ers, which is defined as anyone who hodls BTC for 6+ months, have started to sell more rapidly as we approached that price point. So, we got our pullback as expected. Now, the question is how far down do we go? Will 90k hold us? Or will we go lower? Let's explore these questions a bit in this post using some basic technical analysis combined with our knowledge of past historical price action at the beginning of a bull run. First, let's review where some of these trendlines on my chart actually come from. That pink ascending trendline was made by connecting the wick top in April of '21 to the wick top in November of '21 and then extending it out infinitely to the right. In my last post, I stated that it would act as resistance. It did. But I also was unsure that it would hold us below for more than a few days. It didn't. There was enough hype in the market to break us to the upside. Now that same line should act as support. I would expect it to hold us up at least through Thanksgiving weekend here in the U.S. This may give altcoins enough time for one final pump. And as long as Bitcoin decides to remain above that line, altcoins should continue to shine. But, if Bitcoin's price decides to break below our trendline (I estimate that this will not occur until after this weekend), then altcoins will pull back more drastically as Bitcoin descends further. So, if Bitcoin breaks below 90k, where will it go? My guess will be that we drop to that second pink trendline below us somewhere around 75-76k. That trendline was drawn similarly to the way I drew the upper pink trendline. I drew a line from the wick high of November '21 to the wick of our most recent high of March this year. I then extended the line to the right. You can see from the chart that this was also a significant trendline because once the price broke above it, it sent, confirming the significance of the trendline. Now, the rationale for my timeline and potential drop increments includes the fact that markets tend to stay optimistic over the holidays here in the U.S., especially when we are in the beginning stages of another bull run. And that we are. Therefore, if we do drop further, I wouldn't expect this to occur until after Thanksgiving weekend. In bull runs, it is quite common to see 20%+ pullbacks while we move up. A drop to 76k would meet this historical pattern. Again, I don't have high conviction that we actually will drop to 76k, therefore, I am not shorting. But I am a bit softer on the longs at this point and have all my stops at appropriate placement. Subs, check the tracker for those details. My current stable holding is around 40%. Let's see how this all plays out. ✌️ Stew BTW, I haven't mentioned it in this post, but my year-end target is now 102-109k. And yes, even with any pullback, I still believe we'll get there. I'll write more about this in a future post.
INDEX:BTCUSD
by stewdamus
SasanSeifi|Bitcoin Hits $99,500 ATH: Will It Cross $100K Next?Hey there, ✌ As shown in the BINANCE:BTCUSDT 2-day chart, the price broke its previous all-time high (ATH) of $73,000, leading to an impressive rally that reached a new ATH at $99,500. This strong upward movement sparked optimism for further growth. However, after hitting this level, Bitcoin faced resistance and is currently trading around $92,400. Currently, a minor range is visible near the $90,000 price zone in the 2-day timeframe. If Bitcoin manages to hold this level and consolidate, it may enter a range phase. Following this phase, Bitcoin is expected to resume its upward trend, targeting $100,000 and $107,000. On the other hand, if Bitcoin fails to maintain the $90,000 support and faces selling pressure, a correction may occur. In such a scenario, a confirmed breakdown below $90,000 could lead to further declines toward the $83,000 and $79,000 support levels. The $90,000 level is critical for assessing Bitcoin’s next move. A consolidation here could pave the way for more growth. Additionally, if Bitcoin ranges at this level, altcoins might also benefit from bullish momentum. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
EURUSD - Do You Trade Gaps?Gaps can be powerful indicators for spotting potential price movements. They often represent areas where market orders overwhelm supply or demand, creating an imbalance. In this chart, I’ve identified a clear gap (imbalance) on the EUR/USD 1-hour time frame, and I want to share my thoughts on how you can trade them effectively. Why Gaps Matter: Liquidity Zones: Gaps often act as magnets for price action. The market loves to "fill" these areas to rebalance orders. Market Psychology: Gaps represent institutional activity where major players leave their footprint. Recognizing this can give you an edge. Clear Risk Management: Gaps provide clear levels for stop-loss placement and entry zones, making your trade setups precise. My Approach to This Gap: Gap Identification: On this EUR/USD chart, I spotted an imbalance near the 1.0433 area. Confluence: This gap aligns with my premium Fibonacci levels and is located in a significant bullish order block. This strengthens the validity of this setup. Bias Confirmation: After the gap formed, the price showed bullish intent, supporting my bias that the market could push higher to mitigate this imbalance zone. How to Trade Gaps: Be Patient: Wait for price to return to the gap area before entering trades. Impulsive entries can lead to unnecessary losses. Combine with Structure: Always ensure gaps align with your broader trend and other technical tools (e.g., Fibonacci, BOS, CHoCH). Risk Management: Use the gap edges to wdefine tight stop-loss levels and aim for a high reward-to-risk ratio. Conclusion: Gaps are not just empty spaces on the chart; they’re signals of what the market intends to do. In this case, if the price revisits the highlighted gap area, I’ll look for further bullish signs before entering a trade. What are your thoughts on trading gaps? Have you used them in your strategy? Let me know in the comments below!
Long
by Safaric
2
PARALLEL CHANNEL MODULEIn this analysis we are focusing on daily time frame for Gold. Here we are using parallel channel and order block combine with price action. Let's see what happens and which opportunity market will give us. Let's delve deeper into these levels and potential outcomes. Always use stoploss for your trade. Always use proper money management and proper risk to reward ratio. This is just my analyze or prediction. #XAUUSD 1D Technical Analyze Expected Move.
OANDA:XAUUSDShort
by TradeTacticsreal
2024-11-25 - priceactiontds - daily update - daxGood Evening and I hope you are well. tl;dr dax xetra- Bullish. Globex opened with a big gap up and bears closed it but could not close the gap to Friday’s closing price. This is bullish confirmation and bulls will now poke the bear trend line until it breaks. Bears would need a 1h close below 19300 to make me question this move. Bear trend line held, which is why we are forming nested triangles. Expect more sideways movement until bulls break above 19500 with force. Afterwards 19600 will come fast and then we retest the ath. comment: Doji on the daily chart but bulls confirmed the breakout. Not much to add after my tl;dr and my weekly outlook. current market cycle: trading range key levels: 19000 - 20000 bull case: Bulls need to keep it above 19300 and poke the bear trend line until it breaks. Next target is 1h close above 19500, followed by 19600/19650. Invalidation is below 19300. bear case: Bears could not close the gap to 19357, which shows weakness. If they get it tomorrow, we will test the next bull trend line around 19250 and bulls better pray that holds or it 19100 or lower again. 1h close above 19500 and most bears will give up until 19600. Not more magic to it. Invalidation is above 19500 (need 1h close above, not another spike and reversal). short term: Bullish for the breakout above 19500 but for now it’s a clear trading range 19350 - 19500, so buy low, sell high and scalp until we clearly go higher. medium-long term - Update from 2024-10-19: 20000 is the goal for 2024, if bulls do not get it until year end, it will probably not happen for the next 5-10 years. This market is beyond overvalued and will drop 30-50% in the next 5 years. I have no doubts about that. That fact should not be relevant to your trading at all. current swing trade: None trade of the day: Selling 19500 was the easiest. Other than that it was a limit order market for small scalps at best.
EUREX:FDXSZ2024Long
by priceactiontds
2024-11-25 - priceactiontds - daily update - goldGood Evening and I hope you are well. tl;dr gold - Neutral. In my weekly outlook I gave the pullback target 2650 and we got 2616. 2600 is the absolut lowest this should go or bulls are in trouble. Best would be to stay above 2620 and then I expect Tuesday or Wednesday another leg up. My target was 2866 but the pullback was much deeper than expected so my upper target is also coming down some. 2800 is still on the table. Will only think about getting bearish below 2540. comment : Will make this quick today. Two paths I think are valid. First one is from my weekly outlook where today was the B from the ABC. C could lead to 2800+. Alternativ is continuation of this triangle for some time. What I don’t see happening is bears breaking below 2500 and continuing down. Bulls would do best to keep this above 2600 and reverse latest from there. Selling is certainly strong enough again to expect more of it. current market cycle: trading range key levels: 2550 - 2800 bull case: Bulls see this as a 50% retracement of the recent climactic buying from last week. If they allow it to retest 2580 or lower, odds rise that we will continue sideways instead of higher above 2730. 2630 is the worst place to trade, given the current structure. So look for longs only on very strong momentum and a second buy signal or near 2560 again. Invalidation is below 2540. bear case : Bears are printing much better bear bars than bulls do bull bars and on increased volume at that. They want a to retest 2540 and maybe 2500. If they can get it, I doubt many bulls would continue to expect 2800 or even higher prices. Interesting day tomorrow to see where we will go from here. Invalidation is above 2720. short term: Neutral. 50% retracement of recent bull leg is 2630, so don’t trade around that price. medium-long term - Update from 2024-11-24: Likely to close 2024 above 2800 but I do think the recent selling was the first hint that we will transition into a trading range soon. current swing trade: None trade of the day: Selling anywhere was good.
COMEX_MINI:MGC1!
by priceactiontds
SasanSeifi| Is the Price Ready for a New Bullish Move?Hey there, ✌ By analyzing the daily chart BINANCE:TONUSDT , it is evident that the price encountered demand around the $4.50 level and, after breaking through the supply zone, rose to approximately $5.50. Following this rise, the price retraced to the broken level, which has now shown a reaction. The outlook remains bullish. It is anticipated that after a consolidation phase, if the price stabilizes above the $5.50 level, it could advance in the medium term toward the $6.15 target and the bearish order block at the $6.50 level. Should the price continue to rise, observing its reaction to maintain this trend will be important. Currently, the $5.00 level serves as a support zone. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
SasanSeifi| Potential Correction or Breakout Ahead?In the long-term chart analysis of BINANCE:LINKUSDT , we observe that the price has entered a corrective phase from the $22 price range. This correction continued following a positive reaction to a major demand level at $7.50, leading to a period of price consolidation within this area. As shown on the chart, after renewed fluctuations, the price faced resistance at a key supply level and the long-term descending trend line, resulting in a bearish reaction. If we observe a sell confirmation in these price zones from lower timeframes and a break below the $10 level with price stabilization beneath it, LINK may correct further towards demand zones at $7.50 and $5. To better understand the ongoing movement, it is crucial to observe how the price reacts to these support levels, as they could serve as pivotal points. Key resistance levels for LINK are positioned between $12.50 and $13. Alternatively, we can consider a bullish scenario. For this to unfold, the price would need to break through the critical supply level. If it consolidates above this level, LINK could move towards targets of $15 and further upwards to $17 and $20. 💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
by SasanSeifi
AGAIN WITH EURNZD, IS THIS A REVERSAL OR A PULL BACK?EURNZD is currently making a channel move on the 1h which indicates a pull back to previous weekly close. now we are looking for price reaction at 1.79500, a double top forming at this zone will indicate the coming in sellers to drive the price lower. this trade can make as much as 1:7. LOOKING for price to for an engulfing candle on the 1h and 4h or a pin bar candle on the 1h and 4h from this price level. 1.79500 is a key levle.
Short
by wizzywise1
SasanSeifi| Will the Price Move Towards $60?Hey there,✌On the daily timeframe BINANCE:METISUSDT , as you can see, the price encountered a correction after reaching the supply zone. After this correction, the price faced an increase in demand around the $35 level and is now trading within the important supply zone at $46. The mid-term analysis suggests that the market trend is more likely to move upwards. If the price successfully breaks through the supply zone and stabilizes above the $48 level, it is expected that the price will move towards higher levels, such as $53. After this move, there might be a negative reaction and the formation of a range zone, followed by a pullback, after which the price could reach higher levels such as $60 and even $66. From a mid-term perspective, if the price reaches the $60 level, observing the price reaction at this level can help us gain a better understanding of the future trend. If we see demand at this level, it is likely that in the long term, the price could reach its long-term target of $75, experiencing significant growth. The short-term support zone for the price is currently between $43 and $40, which can be considered. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
2
SasanSeifi| FIL’s 26% Growth, What’s Next? ☝ Hey there,As mentioned in the previous update, it was highlighted that if the price stabilizes above $0.38, the potential for further growth increases. As you can see, the price has followed the outlined scenario and has experienced a 26% increase from the $0.38 level. 👇 Current Outlook: At present, the outlook for FIL is primarily bullish. In the mid-to-long term, I expect the price to potentially rise to levels of $5.50 and $6. The key support level to maintain this bullish trend is $0.38. If the price falls and stabilizes below this level, alternative scenarios should be considered. 💡 Keep in mind, this is just my personal perspective and shouldn't be considered as financial advice. I’d love to hear your thoughts and engage in a discussion! Happy trading!✌😎 Feel free to reach out if you have any questions or need more clarification. I'm always here to assist!✌ If you want any further adjustments, just let me know!
Long
by SasanSeifi
SasanSeifi| Price to Test $2.50!Hey there, ✌ As observed in the daily timeframe BINANCE:CAKEUSDT , the price has been moving back and forth within the price range of $1.50 to $2.00 for some time. Currently, after the price has once again tested the demand zone around $1.50, we have witnessed a positive reaction and increased demand, which has driven the price upwards. Additionally, the downward trendline has been broken. Given the current market conditions and the overall analysis indicating an increasing market bias towards a bullish trend, it’s likely that we will see significant price growth in the mid-term. In this scenario, if the price can maintain the levels between $1.70 and $1.80, we will likely continue to see upward movement, with the price targeting the next supply zone between $2.10 and $2.20. In this range, we may see a negative reaction, which could lead to a consolidation phase or minor correction. However, after a potential pullback, the bullish trend is expected to resume, with the price targeting higher levels at $2.50, and eventually reaching longer-term targets around $2.80 or even $3.00. To better understand the continuation of the trend, it will be important to see how the price reacts to the mid-term target at $2.50. 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
Long
by SasanSeifi
4