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Potential Short Opportunity for BTC/USD at $61,000Overview: In this analysis, I present a short trade setup for BTC/USD with an entry point around $61,000. This idea is based on the confluence of volume profile levels and Fibonacci retracement zones. Volume Profile Analysis: The volume profile indicates significant trading activity around the $61,000 level, which suggests it as a strong resistance zone. This implies that there may be considerable selling pressure once the price reaches this level. Fibonacci Retracement: Applying the Fibonacci retracement from the swing high to the recent swing low, the 0.618 retracement level aligns closely with the $61,000 mark. This confluence adds strength to the resistance at this level, providing a high-probability short entry. RSI and ADX Indicators: The Relative Strength Index (RSI) is currently showing bearish divergence, indicating a potential reversal or pullback. The Average Directional Index (ADX) is at a high level, suggesting a strong trend which could soon see a correction. Trade Setup: Entry : Short at $61,000 Stop Loss : Above the $62,500 level to allow some room for potential volatility. Target : First target at $56,000 (next significant volume node), second target at $50,000 (support zone and 1.618 Fibonacci extension). Conclusion: This trade setup leverages technical analysis tools to identify a high-probability short entry point. As always, ensure proper risk management and adjust the trade parameters based on market conditions.
Short
by wittawatkhondee55
2
The bears resisted fiercely! XAU adjustment⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) are rising due to a weaker US Dollar amidst speculation that the US Federal Reserve may cut interest rates in September following weak employment data. Political uncertainties in France and Middle Eastern tensions could further drive up Gold, a traditional safe-haven asset. ⭐️ Personal comments NOVA: Gold's Monday price correction shows resistance from sellers and bears ahead of today's FED meeting. Gold price is still in a long-term price increase range ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2341 - $2343 SL $2336 TP1: $2350 TP2: $2365 TP3: $2380 🔥SELL GOLD zone: $2370 - $2372 SL $2377 TP1: $2360 TP2: $2350 TP3: $2340 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
10
TRADE BTC/TSLA Pair and Grow your bagsBeen working on something. trying to make swing trades and longer term holds more efficient by trading in a non correlated pair. Such as BTC/TSLA As I want to stay in the market I can move allocation to the horse with the best momentum. Over time this rolls into more shares of TSLA or More BTC when timed correctly. I'm mainly using the yellow 21 EMA vs The Blue/Red Linear Regression Line and their position in relation to the 200 EMA. Still dialing in and will track over next few months. I can almost churn the longterm with this method. but for now I'm just giving it some gas to cook with and see how it works for me. Example today I purchased more TSLA since BTC's relation to TSLA is in a down swing as the 21 day (yellow) crossed down over the Linear regression line (blue/red) and now dipping below the 200 day ema. today TSLA is up 2.19% and BTC is up .38%. This combines both my TSLA holdings and BTC holdings into one big pool where I shift the bulk of the holdings to the Ticker with the best juice making profit on the margin between the 2 tickers while increasing total position size and still participate in capital appreciation.
BITSTAMP:BTCUSD
by AngryBuhda
NOTUSDT - Short trade setupNOT surged to an important swing high, where we faced strong resistance. The Fibonacci speed fan perfectly acted as resistance at the swing high, showcasing a textbook low-risk trade setup for an excellent R short trade. Given the resistance at the swing high, it looks like we're entering a range-bound phase, building up a trading range. Expect some sideways movement as the market consolidates and prepares for the next move. Using the Fibonacci retracement tool, we identify the Fib 0.382 level as our primary short trade target. This level is crucial as it often attracts liquidity. If you missed the initial short entry at the highs, there are still great opportunities. Consider shorting at the Point of Control (POC) or at the Fib 0.618 level of the smaller wave. The Fib 0.382 level is also an area where liquidity lies, making it perfect for taking out some long positions built up at the swing high, with a target of the Fib 0.382 level as your take profit (TP) target. What are your thoughts on this analysis? Did you catch the initial short trade or are you eyeing the secondary entries? Share your insights and strategies below!
Short
by SiDec
NOTUSDT - Short Trade Setup Amidst Swing High ResistanceNOT surged to an important swing high, where we faced strong resistance. The Fibonacci speed fan perfectly acted as resistance at the swing high, showcasing a textbook low-risk trade setup for an excellent R short trade. Given the resistance at the swing high, it looks like we're entering a range-bound phase, building up a trading range. Expect some sideways movement as the market consolidates and prepares for the next move. Using the Fibonacci retracement tool, we identify the Fib 0.382 level as our primary short trade target. This level is crucial as it often attracts liquidity. If you missed the initial short entry at the highs, there are still great opportunities. Consider shorting at the Point of Control (POC) or at the Fib 0.618 level of the smaller wave. The Fib 0.382 level is also an area where liquidity lies, making it perfect for taking out some long positions built up at the swing high, with a target of the Fib 0.382 level as your take profit (TP) target. What are your thoughts on this analysis? Did you catch the initial short trade or are you eyeing the secondary entries? Share your insights and strategies below!
Short
by SiDec
Gold Eyes $2,320 as Bearish Pressure IntensifiesGiven the bearish setup in the gold chart, the likely target for bears can be identified by examining previous support levels and key Fibonacci retracement levels. Here are the key targets and levels to watch: First Support Level: $2,320 - This level has provided support in the past and is the nearest potential target for bears. A break below this level could confirm further bearish momentum. Second Support Level: $2,280 - This is another significant support level that has acted as a floor in previous price actions. Bears would likely target this level if the first support is broken. Key Fibonacci Retracement Level: $2,260 - This level is around the 50% Fibonacci retracement of the recent rally from the last significant low. It serves as a psychological and technical target for further bearish moves. Major Support Level: $2,200 - This is a strong support level and a critical psychological threshold. If gold prices fall to this level, it would represent a significant bearish move, potentially prompting strong buying interest or further declines depending on market sentiment. In summary, the likely targets for bears in the near term would be $2,320, $2,280, and $2,260, with a major bearish target around $2,200 if the downward pressure continues. Traders should monitor these levels closely for potential buying opportunities or further declines.
TVC:GOLDShort
by blacklegend55
AKROUSDT | Bearish Vibes Ahead?Market Context The market’s got a bearish vibe, and with the weekend approaching, we might see some significant downward movements. Time to capitalize on the bearish trend! Chart Analysis • Weekend Strategy: Weekends often bring volatility, and with the current bearish sentiment, AKROUSDT looks primed for a move down. • Bearish Signals: Technical indicators are flashing red, suggesting a potential drop is imminent. Strategy I’m shorting AKROUSDT, riding the wave of bearish momentum. The setup is perfect for a weekend trade, with all signs pointing to further declines. Action Plan Entering a short position on AKROUSDT to take advantage of the anticipated bearish action. Let’s see if we can turn this market sentiment into profit! Let’s nail this bearish trade! 📉🔥
Short
by minno91
ALTUSDT | Preparing for Another Leg Down?Market Context Bitcoin’s downward trend suggests we might see more bearish action in the coming weeks. As BTC drops, the ripple effect is likely to hit the entire market, making ALTUSDT a prime candidate for further declines. Chart Analysis • BTC Influence: Bitcoin is leading the market downwards, and ALTUSDT is poised to follow. • Bearish Indicators: Technical indicators and market sentiment are aligning to signal more downside for ALTUSDT. Strategy I’m going short on ALTUSDT, betting on another leg down. The current market conditions provide a solid setup for this move. Action Plan Entering a short position on ALTUSDT to capitalize on the expected bearish trend. Let’s see if this theory holds true and delivers some solid gains on the downside. Let’s catch this wave down together! 📉🔥
Short
by minno91
SIDEWAY !! Gold price stuck below $2350⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) started the week subdued, fluctuating below a multi-day peak around $2,340 following the US PCE Price Index release. The key inflation data reinforced market predictions of potential Federal Reserve interest rate cuts in September and December, pushing the US Dollar further from its recent two-month high and bolstering gold as a result. ⭐️ Personal comments NOVA: Gold price in early July is still maintaining in the range of $2310 - $2350, sideways, waiting for very important news this week. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2312 - $2314 SL $2307 TP1: $2320 TP2: $2330 TP3: $2340 🔥SELL GOLD zone: $2345 - $2347 SL $2352 TP1: $2338 TP2: $2330 TP3: $2320 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
1
PCE keeps gold stable above $2300⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) struggles to grow from a recent bounce, meeting new supply in Friday's Asian session. A resurgent US Dollar (USD) reaching a two-month high is hindering the commodity's progress. However, potential Federal Reserve interest rate cuts and geopolitical uncertainties in the Middle East and Russia-Ukraine provide support for the safe-haven XAU/USD. ⭐️ Personal comments NOVA: Gold price is still accumulating at the end of June 2024, sideway around $2300 - $2340 ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2304 - $2302 SL $2297 TP1: $2310 TP2: $2320 TP3: $2330 🔥SELL GOLD zone: $2340 - $2342 SL $2347 TP1: $2330 TP2: $2320 TP3: $2310 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
6
DOWN trend for gold!! under $2300⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) continues its steady movement below $2,300, approaching a two-week low. The Fed's unexpected hawkish stance earlier this month, predicting only one interest rate cut in 2024, bolsters US Treasury bond yields and hampers the non-yielding gold. The global equity markets' underlying bullishness also limits the upward potential of this safe-haven metal. ⭐️ Personal comments NOVA: Gold price reached the target area of $​​2300 yesterday, continuing the DOWN trend, waiting for price reaction when bears prevail. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2271 - $2269 SL $2264 TP1: $2276 TP2: $2284 TP3: $2290 🔥SELL GOLD zone: $2320 - $2322 SL $2327 TP1: $2310 TP2: $2300 TP3: $2290 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
5
Accumulation price zone - XAU continues to trade below 2350⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold price (XAU/USD) trades lower despite weaker USD. Stronger US PMI delayed interest rate cut, limiting gold's upside. However, safe-haven flows from geopolitical tensions in the Middle East and Ukraine may boost gold in the near term. Investors will closely watch the speeches of Fed members Lisa Cook and Michelle Bowman on Tuesday. Key economic data to pay attention to this week includes the final Q1 US GDP reading on Thursday and the May PCE Price Index on Friday. If there are signs of declining inflation, it could lead to expectations of Fed rate cuts in 2024, potentially weakening the US dollar and benefiting USD-denominated Gold. ⭐️ Personal comments NOVA: Gold price continues to maintain the price range below 2350 - 2300 today, a cumulative sideway price range. ⭐️ SET UP GOLD PRICE: 🔥BUY GOLD zone: $2302 - $2300 SL $2295 TP1: $2310 TP2: $2320 TP3: $2330 🔥SELL GOLD zone: $2341 - $2343 SL $2348 TP1: $2335 TP2: $2328 TP3: $2320 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
OANDA:XAUUSDShort
by Nova-Scalper
4