GBP/JPY OUTLOOKIn this analysis we are focusing on daily time frame for GBPJPY. I'm looking potential buy trade opportunity. Let's see what happens and which opportunity market will give us.
Always use stoploss for your trade.
Always use proper money management and proper risk to reward ratio.
This is just my prediction.
#GBPJPY 1D Technical Analyze Expected Move.
Support
BTC to reach new all-time highs in Q1 2025I am not yet convinced BTC has fallen far enough to be written off as the end of this push.
My idea here is based on perceived symmetry between Nov-Dec 2023, and Nov-Dec 2024.
fig. 1a
As you can see here, in both 2023 and 2024 following pushes started around September that took the price above the levels I consider to indicate a long term uptrend. the uppermost peach coloured line is an upper bollinger band based on a 90-week SMA... I have found it provides an accurate idea of multi-year trends, allowing better judgement of the end of a trend as seen when viewing data from the 2020-2021 bullish push.
fig. 1b
The other set of peach bollinger bands are 2-week length with a positive offset. They act similar to a normal moving average but can give earlier buy-in points, and earlier sell signals.
Other than those, there are shorter timeframe versions of both in use, that give indications of oversold/overbought, and of buy and sell points for shorter-term trades.
Back to fig 1a, we that following the identified pushes, from November to December, we see a consolidation phase in almost the exact same shape. There's a sharp drop at first, then a short push to attempt a continuation of the bullish trend, and then a sudden sharp drop, forming the largest leg of the pattern. Now, looking at this closely we see that in 2023 BTC hits the upper of the 90-week BB and then bounces back up from it starting the Q1 push of 2024. As we remain above this level, I do not believe the final nail has been driven into BTC's coffin.
These next two images, taken from a 6hr chart, demonstrate that this pattern previously mentioned is not just perceived, but reflected in technical indicators. In both cases, the CCI reaches overbought, and pulls back below the MA until it's under 100, where we see a false signal caused by a very short bullish push, after which we see a real push back into overbought, and then a drop to below -100.
At this point, I will add that I am neither bullish nor bearish right now. I am not saying the market WILL go up, but that it still has the potential to. Fibonnaci retrace projections are giving me a bit of trouble as using them for the long-term trend is showing that we're at the limit of this push, whereas just viewing this push separately, shows we've hit a key support level which may be why we aren't seeing a real push below 93,000.
To conclude, I don't think it's best to write off the possibility of another push just yet, but be ready because that point will be reached within the next month or so.
Thanks for reading, if you made it this far - lmk your opinions in the comments. I'll try to update with any interesting developments :)
Silver - Another Textbook Trade For 2025!Silver ( TVC:SILVER ) is again approaching strong support:
Click chart above to see the detailed analysis👆🏻
Silver has now been consolidating for more than 6 months and is slowly but steadily approaching the previous horizontal support. Another retest would perfectly match with the overall bullish trend, the rising channel formation, as well as the fact that Silver will soon catch up with Gold.
Levels to watch: $27.0, $34.0
Keep your long term vision,
Philip (BasicTrading)
BTC QUICK UPDATE: Falling Wedge Breakout in Sight?🚀 Hey everyone! 👋
If this analysis excites you, hit that 👍 and follow for more high-value trade setups that deliver results! 💹
🎉 Happy New Year, Everyone! 🎉
Wishing you all a prosperous start to 2025! Let’s hope this is the year of the real Altseason where we all make life-changing gains. 🚀💰
BTC is forming a falling wedge pattern on the 4-hour timeframe—a classic bullish setup. It’s currently attempting a breakout, and once we see a confirmed 4-hour close above this wedge, we could witness a solid 8-10% rally, potentially pushing BTC above the $100K mark!
🔍 Key Levels to Watch:
Entry Range: GETTEX:92K –$94K
Targets: $100K–$104K (Short-term rally).
Invalidation: 4-hour close below $91K will nullify the setup.
📈 Why This Matters:
The falling wedge is one of the most reliable bullish continuation patterns. With BTC holding above critical support and momentum building, this could be the perfect setup to kickstart 2025 with strong gains!
💬 What’s Your Take?
Are you seeing the same breakout potential? Let us know your thoughts, analysis, or predictions in the comments below. Let’s crush it together this year and ride the wave of profits! 🌊🔥
Follow The Trend or Wait for Retracement...NSE:BAJAJ_AUTO trade at 10500. Support is at 9700 and Resistance at 10600.
P/E RATIO - 36.35 Industry P/E - 23.75
On the 23rd AUG Bajaj Auto give a Breakout above 10000 level. You can wait for Retracement otherwise Follow the Trend for Next Resistance at 11200-11500.
Bitcoin 1D Pitchfork & Correlating Tops Where To Next For $BTC Basic little draw up from now just checking market sentiment with the MACD providing great analytical insight into where we are NOW and were we were MID bull run from $75k ATH to $109k. See the bearish MACD over the ATH of 75k and the same over the 109k ATH. We are back to zero on MACD we should see small dips or sideways movement but more volatile as price is higher. It will always seem more volatile as %s of BTC price are larger. So 10% drop or gain now on $93k is $9.3k where when 1 CRYPTOCAP:BTC was 9.3k 10% drop or gain was only $930! Yes same % loss or gain but more capital required to make or loose hat 10%. Still you can always order less but this is just a sentiment driver when you look at the % math of now and back in the day even 4 years ago or pre covid.
Currently we sit at $93,250 USD at time of writing. Up from the down turn to $91k. IF we keep the market moving up growing and more $ flow in to longs and or buying bitcoin the better.
I think also as its in a DIP phase people WONT be selling who brought in at or between 50k-80k. At least I wouldn't be. Even if it goes to any price pre Covid so under 25k~ This will take a while to occur with many chances to exit before or you will see much increase from where we are now.
The market sentiment is good. Its down but its still dominant and will be for another 10 - 100 years plus. It's almost perfect and the coins doing other things BTC can mostly achieve but in directly. However it is no1 and will stay that way for some time.
Love you Holders let us know you thoughts on this projection to upward of $200k within a few 6 months ?
Not finical advice I trade on my own and use my own methods the post here isn't method to trade its just an assumption of what could happen with little degree of success. Thanks for reading!
Bitcoin Retested A Major Support To The Dollar!Greetings Traders,
I hope you all had a Merry Christmas and are bracing yourself for a massively bullish new year full of health and wealth along the way.
Today, we have seen Bitcoin retest our major support (previously resistance). Remember, this trendline was drawn from the wick high of April 2021 to the wick high of November 2021. I then extended this line infinitely to the right. This gave me my end of year target for 2024 a year and a half in advance. It has proven to be significant in the previous weeks as we bumped our heads up against it as resistance. Now, it has proven to be support. Should we break to the downside of this trendline, the drop would be pretty big and I would re-analyze and update at that point. For now, our trendline is holding price above 92k and we have bounced nicely. You all should have this line drawn on your Bitcoin chart. I don't care what any other analyst states (I really don't know any others that have spotted this TL), this line is critical! Watch it closely.
✌️ Stew
Looking for a leap play on NKE! 🔉Sound on!🔉
📣Make sure to watch fullscreen!📣
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
$BA Analysis and Prediction for Boeing CompanyChart Overview:
Instrument: Boeing Company (BA)
Timeframe: Daily Chart
Indicators and Features:
Dark Pool Levels: Key levels at 183.30, 180.79, and 169.48.
Trendlines:
Red trendlines indicate resistance and support zones.
Green trendline shows the long-term ascending support.
Moving Averages: Likely 8 EMA, 21 EMA, and 50 EMA to confirm trend direction.
Volume: Not visible but implied for confirmation at breakouts or reversals.
Key Observations:
Current Price Action:
BA is trading near a dark pool resistance level at $183.30, which has shown historical relevance for reversals or slowdowns.
The price has been in a consistent uptrend, supported by the ascending green trendline and staying above key moving averages.
Resistance Levels:
$183.30: Immediate dark pool resistance and psychological barrier.
$186-$188: Potential extension target based on upward momentum, aligning with the upper red trendline.
Support Levels:
$180.79: Nearest dark pool support level.
$176.87: Key support level aligned with the red trendline, acting as a potential bounce zone.
$169.48: Strong support and dark pool level, marking the base of the current uptrend.
Trendlines and Momentum:
The red ascending channel suggests BA is nearing the top of its short-term range.
The green ascending trendline reinforces the long-term bullish trend.
Trading Scenarios:
Scenario 1: Bullish Continuation:
If the price breaks and sustains above $183.30, it could trigger further upside momentum.
Entry:
Go long above $183.30, confirmed with a strong candle close and volume.
Profit Targets:
Target 1: $186 (upper resistance).
Target 2: $188 (potential upper boundary of the red trendline).
Stop Loss:
Place below $180.79, the nearest support and dark pool level.
Scenario 2: Pullback to Support:
If the price fails to break above $183.30, it may retrace to lower support levels.
Entry:
Go long at $176.87, where the price aligns with support from the red trendline.
Profit Targets:
Target 1: $180.79 (dark pool resistance turned support).
Target 2: $183.30 (current resistance level).
Stop Loss:
Place below $176.00, just under the trendline support.
Scenario 3: Bearish Breakdown:
If the price breaks below $176.87, it could trigger a deeper correction.
Entry:
Go short below $176.00 with confirmation.
Profit Targets:
Target 1: $169.48 (strong dark pool support level).
Target 2: $165 (potential psychological level and historical support).
Stop Loss:
Place above $180.00, invalidating the bearish move.
Risk Management:
Use a 1:3 risk-to-reward ratio to optimize trade profitability.
Adjust position size based on individual risk tolerance.
Volume Consideration:
Watch for a volume spike at key levels ($183.30 for breakout or $176.87 for pullback). Increased volume validates institutional activity and provides confirmation for the move.
Summary:
BA is currently in a strong uptrend, testing significant resistance at $183.30. A breakout above this level could lead to further bullish momentum, while a failure may result in a pullback to key supports at $180.79 or $176.87. Traders should monitor volume and price action closely for confirmation at these levels.
BTC - Mind the GapVERY IMPORTANT: This is not a prediction in time. In fact, there's a 40-45% chance of one more high in BTC. But, what is pointed out here is the target, whether it turns around here completely or makes a new high.
You would be hard pressed to find a gap that hasn't filled since the inception of BTC futures. There's always a "This time is different" and I've heard every one of them since the inception of this contract.
Gaps are a place in time where the market became extremely imbalanced (assuming the market has adequate liquidity). The market is always looking to find balance, so even if the gap holds for hours or days, it commonly revisits that old price area. Traders like to say “all gaps fill,” but the timing can be erratic. If it takes too long, you might go broke before it closes.
It’s not a strategy by itself—context is everything. After the gap, I watch bar-by-bar follow-through. If momentum is strong, the gap might wait days or weeks to fill. If bars stall and reverse, the gap fill typically starts quickly. When the gap is left behind, it's only a matter of time.
As I said, it is not a strategy in and of itself, so you would be wise to overlay it with other market concepts and the narratives that affect the market you're trading.
One I left on the screen is the dashboard, which pulls over 100 signals from 14 indicators used in many trading systems. This metric sums to a bearish outlook (but it always will at the bottom of a downtrend too, so there is still no silver bullet).
The orange line is predicated on k-clustering, Fibonacci systems, price action patterns, trend rules.
The path is consistent with Elliott Wave Theory. There are other patterns that could develop, such as a prolonged B-wave (as a part of a larger 3-wave configuration rather than the 5 shown), a triangle. or some other pathing.
Timing is hard to predict because time is not a critical feature of price development. Prices and price derivatives are the critical features and from those we can derive levels and paths (patterns). So timing is hard because time is irrelevant to price progression.
...something you're probably not going to be taught anywhere.
Disney - Don't Miss This Reversal Now!Disney ( NYSE:DIS ) is about to retest strong support:
Click chart above to see the detailed analysis👆🏻
Even though Disney has been consolidating for about 10 years now, it is still providing bullish trading setups. Especially the current horizontal support has been holding Disney above water and it is more than likely that Disney will create another bullish reversal away from this level.
Levels to watch: $85
Keep your long term vision,
Philip (BasicTrading)
COTI/USDT 1W chart reviewHello everyone, let's look at the 1W COTI to USDT chart, in this situation we can see how the price was moving in a downtrend channel from which the upper one dynamically emerged, but now we have returned to the upper border of the channel which keeps the price from moving further.
After unfolding the Fib Retracement mesh, resistance can be seen at the following levels:
T1 = $0.137
T2 = $0.158
T3 = $0.173
T4 = $0.196
Now let's move on to the stop-loss in case the market continues to decline:
SL1 = $0.111
SL2 = $0.088
SL3 = $0.07
Looking at the RSI indicator, we see
as it returned to the middle of the range where the upward trend had previously reversed.
Bitcoin - Playing around weak support#BTC/USDT #Analysis
Description
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+ Currently bitcoin is trading around its support zone of 95K and this is weak support which held and broke multiple times.
+ Strong resistance for bitcoin is around 92K, if bitcoin falls to this level, we can expect the support to hold.
+ I'm expecting a drop in price with a wick to touch 92K and bounce back immediately.
+ If bitcoin breaks below 92K then we can expect further crash to 80K level.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
KDA - Price has hit the floor#KDA/USDT #Analysis
Description
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+ KDA has experienced a significant downtrend, with the price hitting rock bottom.
+ It's seen a 98% correction from its previous all-time high (ATH).
+ We're now observing a slight bounce back from the support zone, indicating a potential reversal in the trend. This presents a good opportunity to go long and capture the reversal.
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VectorAlgo Trade Details
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Entry Price: 0.47818
Stop Loss: 0.35421
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Target 1: 0.64553
Target 2: 0.90276
Target 3: 1.75005
Target 4: 3.67304
Target 5: 5.56133
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Timeframe:1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo