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Observing SPX Range-Bound Move: Be Caution and Stay AlertToday, I wanted to draw your attention to the recent performance of the SPX, which has been exhibiting a range-bound behavior over the past year. As we navigate through these uncertain times, it is crucial to stay vigilant and monitor the market closely. Over the last year, the SPX has shown a tendency to trade within a specific range, with price movements oscillating between key support and resistance levels. This range-bound behavior implies that the market has been lacking a clear direction, making it essential for investors to exercise caution and closely observe the price action. Currently, the SPX is hovering around the $4569 level, which serves as a significant resistance point. Should the price break through this level decisively, it could potentially signal a bullish trend. In such a scenario, it may be prudent to consider long positions, taking advantage of the potential upside momentum. On the other hand, it is equally important to be prepared for a potential downside move. If the price falls below the long-term support level of $3800, it could indicate a bearish trend. In this case, it may be wise to consider short-term positions or even adopt a more cautious approach in the long term. Given the current market dynamics, I encourage you to closely watch the SPX's price movements, paying particular attention to the key support and resistance levels mentioned. By doing so, you will be better equipped to make informed investment decisions and navigate the market with prudence. As always, it is essential to remember that investing involves inherent risks, and past performance is not indicative of future results. Therefore, I recommend consulting with a financial advisor or conducting thorough research before making any investment decisions. Should you have any questions or require further assistance, please feel free to comment below.
CBOE:SPX
by bryandowningqln
UNITY : Livetrade using simple TA and Band of Midas1. Clear all drawings and indicators. 2. A horizontal support line consists of 18Aug23 low and previous breakout level, observe if price reversed at here (React Don't Predict). 3. Add BandofMidas from indicators. Use Midas factor of 9.( suitable for this chart) 4. Price fall into Midas zone and reversed. Midas line still in pink. Double confirmed. 5. CONSIDER to go long, nothing 100% 6. Plan your trade, risk reward ratio. GO Long. In my opinion, this is a news driven panic sell. im LONG with $1 cut loss risk.
NYSE:ULong
by MidasAlgo
1
BITCOIN $26850 RESISTANCE: What's the Next Move, Fellow Traders?Hey there, crypto enthusiasts! I've got some exciting updates on Bitcoin's recent price action that I just couldn't wait to share. So, after that bounce from the $24,925 level, things got pretty interesting. First of all, we witnessed a big spike in the price. You know, one of those moments that really get your heart racing! 💥 And if that wasn't enough to make you smile, there's more good news. We got ourselves a solid buy signal, which is like music to any trader's ears. But wait, there's more! 🐂 The charts are showing some seriously bullish signals. It's like the crypto stars are aligning. Plus, we had a close above the EMA 50, which is often a sign of strong bullish momentum. 📈 Now, what's on the horizon? Well, it looks like a retest of the EMA 50 might be in the cards. It's a crucial level that often acts as both support and resistance. So, keep a close eye on that! The big question now is, what's the next move for Bitcoin? Are we going to smash through that $26,850 resistance level and keep soaring to new heights? Or will we encounter some turbulence along the way? I'd love to hear your thoughts and predictions! Let's have a friendly crypto chat and see where we think Bitcoin is headed next. 🚀💰
INDEX:BTCUSD
by sailortrades
Polkadot (DOT) Falls to Lowest Weekly Close Since 2020Polkadot (DOT) recently experienced a significant breakdown as it fell below the crucial $4.20 support level, marking its lowest weekly close since 2020. This decline has raised concerns among investors and analysts alike. DOT has been following a bearish trajectory since reaching its yearly high of $7.90 in February 2023. It slid below the $4.20 support level, which had held since the beginning of the year. Such breakdowns from long-standing support levels often trigger substantial declines. The conjunction of this support area and a descending resistance line has formed a descending triangle, a bearish pattern that underscores the breakdown and hints at the possibility of further losses. Potential scenarios If the downtrend persists, DOT's price could potentially drop by another 50%, reaching the $2 horizontal support area, aligning with its all-time lows from August 2020. However, if DOT manages to reclaim the $4.20 area and break free from the descending resistance line, it could trigger an impressive 85% price surge toward the $7.50 resistance area. The weekly Ultimate Oscillator, a momentum indicator used to determine overbought or oversold conditions, supports the prevailing downtrend, with readings below 50 and a declining trend considered bearish signals. Bottom Line: Despite the bearish predictions for DOT, a potential breakout from the channel and the $4.40 area could pave the way for an 85% surge toward the $7.50 resistance region.
by cryptohopper
Bitcoin's Weekly Chart Analysis: Signals and Indicators 📈🔍Hey there, crypto fam! Let's dive deep into the world of Bitcoin with a look at the weekly chart. 📈 🕒 4 Weeks of EMA 200 Testing: Bitcoin's been doing this interesting dance for the past four weeks, where it keeps testing the EMA 200 (Exponential Moving Average). It's like it's checking for support, and so far, it's been bouncing off that level. 🙌 🔴 Bearish Signals Galore: Now, it's not all sunshine and rainbows. Those red dots and that ominous red cloud hanging around are telling us there's some bearish sentiment in the air. It's like the market's giving us a little wink and nudge, hinting that it might not be all smooth sailing. 😬 📏 Price Squeeze: There's this fascinating thing happening – it's like a price squeeze. Imagine a spring getting coiled up tighter and tighter. This could mean a big move is lurking around the corner. 🔄 📉 RSI Bearish Divergence: Our trusty RSI is showing a bearish divergence, but here's the catch – it's still on the positive side. It's like a tug of war between the bulls and the bears, and right now, neither side has a clear upper hand. 🤼‍♂️ 📊 MACD Cross: The MACD, another one of our favorite indicators, has had a cross, but it's also on the positive side. It's like two friends giving each other a high-five, but they're not quite sure which way they're headed next. 🤝 So, what's the bottom line? Well, the weekly chart is painting a picture of uncertainty. Bitcoin's testing support, but the bearish signals and divergences suggest caution. Keep an eye on this coiled spring – a big move might be just around the corner. And as always, stay sharp and trade wisely! 💪💰
INDEX:BTCUSD
by sailortrades
2
BITCOIN BEARISH SIGNALS: WEEKLY ANALYSISHey everyone, let's take a quick look at Bitcoin this week. I've been keeping a close eye on the charts, and I have to say, things are looking a bit bearish right now, but let's break it down. First off, we've been struggling to break above a crucial resistance level. It's been a bit like trying to push open a heavy door – not easy. This resistance has been putting pressure on Bitcoin's price, and until we can break through, we might be in for a tough ride. Now, my trusty indicator is giving me some sell signals. When it starts flashing red, it's like a warning light in your car – it's telling us to be cautious. It's been signaling that the bears might be gaining control, which is something we should pay attention to. But wait, there's more. The EMA 100 (that's the Exponential Moving Average with a 100-period setting) has been a tough one to crack. It's like trying to climb a steep hill, and every time we get close, we slide back down. The rejection from the EMA 100 is another indicator that the bears might be getting stronger. So, what does this all mean? Well, in simple terms, the odds are against the bulls right now. We're below a stubborn resistance, the sell signals are popping up, and the EMA 100 is pushing us back. It's like a tough game of tug-of-war, and the bears seem to have the upper hand for now. But remember, the cryptocurrency market can change in an instant. So, while we're in a bearish scenario right now, it's important to keep a close watch on the charts and be ready for any sudden shifts in the market. Stay tuned for updates, and as always, trade responsibly and make informed decisions. Until next time, happy trading! DYOR
INDEX:BTCUSDShort
by sailortrades
TRX Tron SELLERS Dominate Short TermHi Traders, Investors and Speculators of Charts📈📉 TRXUSDT has turned bearish in the short term Timeframe. From a technical indicator perspective we see clearly that the trendline has been broken and now the price is closing candles UNDER the trendline. This is bearish for the short term. However, from a weekly outlook, Tron is still bullish. This could mean that the current pullback is only a temporary correction. The price could continue lower for the short term, but bounce back up in the near term and continue the upwards trend. For now, the best course of action seems to be observing from the sideline and look for other trading opportunities with better risk/reward setups across the altcoin market. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
BINANCE:TRXUSDShort
by CryptoCheck-
26
"Investors Await NVDA's Impressive Earnings PerformanceGet ready, traders! The highly anticipated earnings report from NVIDIA Corporation (NVDA) is just around the corner, and analysts are placing their bets on a target rise for this tech giant. If you want to make serious gains, now is the perfect time to consider going long on NVDA. Analysts have been closely monitoring NVDA's performance, and the consensus is clear: they are expecting an earnings beat. This positive sentiment has fueled excitement among traders and for good reason. NVDA has a strong track record of delivering impressive results, and this upcoming report is expected to be no different. With the demand for graphics processing units (GPUs) soaring, NVDA has been at the forefront of this technological revolution. NVDA's products have become indispensable in various industries, from gaming to artificial intelligence and data centers. As the world continues to rely on advanced technologies, NVDA's growth potential seems limitless. But what does this mean for traders like you? Well, it presents an incredible opportunity to capitalize on NVDA's success. By going long on NVDA, you can potentially ride the wave of its target rise and reap the rewards. So, how can you take advantage of this exciting opportunity? It's simple. Consider adding NVDA to your portfolio and position yourself for potential gains. With analysts betting on an earnings beat, now is the time to act. Remember, trading involves risks, and you must do your due diligence before making investment decisions. However, with NVDA's solid fundamentals and a promising outlook, going long on this stock could be a strategic move that pays off. Don't miss out on the potential gains that NVDA may bring. Take action now and position yourself for success. Whether you're a seasoned trader or starting NVDA, target rise is an opportunity you won't want to miss. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Trading involves risks, and it's essential to consult a professional financial advisor before making investment decisions.
NASDAQ:NVDALong
by bryandowningqln
Matic Looks Ripe for a Bounce/Break HereTraders, Just browsing through the charts this morning and thought I'd throw out a trade opportunity. There are many but Matic looks especially juicy here. Of course, it's always a bit risky before a FED meeting/press conference (i.e.- Jackson Hole) but I am not offering trading advice. I just wanted to show you one of the many opportunities I have spotted this morning. Here's the case for entry here if you are so inclined: - That Yellow TL comes all the way from Jan. '21. It has NEVER been broken to the downside. - Price rarely touches this level on the RSI. Even more rare, would be a break below. Probability stands on the long side here. Best, Stew
M
by stewdamus
NZDJPY LAST WAVE DROPNZDJPY has been bearish since early July but started the trend with a possible leading diagonal which comprises of 5 waves and 3 sub-waves to it. Considering the diagram above, we are done with the waves 1, 2, 3, and 4 going for the completion of the last wave (wave 5). Wave A and B are done and price also going for wave C after which we can witness a big correction. For now, lets see ow it plays out with a target of 410 pips from breakout. WAVE 1 = 5 WAVES WAVE 2 = 3 WAVES WAVE 3 = 5 WAVES WAVE 4 = 3 WAVES WAVE 5 = 5 WAVES
Short
by Ifeanyichukwuxx
3
Bitcoin Weekly UpdateTraders, These lower prices have been causing some anxiety among traders. Is Bitcoin about to drop even lower? Could it even fill that BTC CME Futures gap at 20k? Well, as you know, anything is possible. But we’re about trying out best to find price movement with the greatest probability. And so, that is what I’d like to look at today. First off, let’s rule out that 20k possibility rn. The biggest reason that I’d like to do so is because we just have far too much strong support underneath our current price on many levels. For one, we have not even broken below the orange area. Previous resistance has now become strong support. Then, underneath that, we have that rising red channel that coincides somewhat with our 200 day moving average. And finally, below that, at 25,300 my neckline from a huge cup and handle pattern which we have already re-tested. If we would somehow break below this level, 20k would definitely be in the cards. Right now however, it is the most unlikely scenario. Okay. Let’s talk about the positives: Still above the orange area BTC in a bullish triangle RSI confirms with a bull flag And, as stated already, tons of support on the underside of us now The most likely scenario really becomes that another move up is coming soon within a week or two. We have reached resistance at the top of that bull triangle and so it is likely that we may not break out of it immediately. Thus, we could drop another $500+ to anywhere from 28.3k to 28.8k at which point my best guess is that we’ll finally reverse from this point. Another chart we should be tracking is the SPY chart (below). A move below 450 could indicate the bulls have become exhausted and we’ll collapse back down into our channel or below. Bitcoin would likely mimic price action and follow stocks down. So, keep at least this chart in your sites as well. Best in all your trades! Until next time. Stew
INDEX:BTCUSD
by stewdamus
HOW TO START BUILDING A STRATEGY?As it is said, A strategy is a reflection of a trader’s character . Whatever sentiments/emotions you have, reflect in your trading decisions. At first, people think that, ‘I will use xyz indicator and buy here and sell there’, thinking it’s easy to have a method that is simple. But when reality hits, all the simplicity runs out of the window with your money. Trading is not for those who take it lightly. You have to respect the market before coming up with a strategy that suits your personality/mindset/character. One might ask, what does personality have to do with trading? And that’s where all the secrets are. Newbie traders often run after YouTube channels, Twitter handles of some high MTM traders and try to copy them. They keep hopping from one setup to another. Because in the beginning, traders do not have the knowledge of risk management, importance of back testing etc. You should test your strategy for at least 100 trades before scrapping it. And that’s where they lack. But in my experience, you may learn the method from another trader but you cannot learn the mindset . You have to develop that on your own. There are certain ways of self-assessment when it comes to finding the right approach towards trading. Just because some day trader is making a killing in the market every day, doesn’t mean you can replicate the same performance too. You might be well suited for positional/swing trading. Just like that if someone is better in swing trading, you may be crafted for long term investing if not that even for scalping. There is a vast array of segments to choose from. From intraday to swing and scalping to options writing. You can decide any segment as per your patience level. The only goal should be to make money. You are not here to be right or wrong. You are here to make a living. Choosing a trading style is completely based on your patience level. If you are a patient trader then you can go for short to long term trading. Find the good setups, take the trade and sit tight. Your actions should be either target or stop loss. You can manage the trade as per your style e.g. , pyramiding or averaging. If you are an adrenaline junkie, then intraday, scalping & F&O trading is your cup of tea. But remember that the lesser the trade duration, more the chances of losses . Because these segments are much more risky than those of others. You need the skill of a sniper & the eye of an eagle to execute such trades and come out of it profitably. Now the question is how to decide? There are some ways you can shorten the learning curve, some of them are as follow… 1.Mentor👨‍🏫: Mentor is the person who is willing to share his experience to those who seek to shorten the learning curve. Warren Buffet had Benjamin Graham, Rakesh Jhunjhunwala had Radhakishan Damani . Everyone needs a mentor, be it in the form of books or a person . Learning what not to do is more important than learning what to do? And that is the biggest lesson I’ve learned from my mentors . A mentor teaches you that in the most practical ways by showing some real-life examples. He will also tell you when to trade and when not to. Because compulsive trading is one of the major reasons why traders lose big. So, finding a good mentor should be your priority. 2.Self-Learning🎓✍️: There are some successful self-made traders who learned from trial and error. But you need to check the time they took to be successful. It’s not impossible but it’s time consuming. Also, you need to have lots of patience and money as well. Because self-learning is like flying a plane by reading manuals. You have to do all the work from developing a strategy to back testing it and it's too lengthy process to start with. You can self-learn trading, but be ready to give it time. 3.Books📚: Aahh books… the first love of any trader. For me it still is. I read as much as possible. The very foundation of my trading journey is based on reading. I read many books in my initial days. Some of them still help me today. But textbook knowledge is not sufficient in real time trading . You can learn patterns such as triangle, channel, cup and handle and head and shoulders. But textbook patterns are so rare that it’s exhausting to spot them on charts let alone trade them, unless you have a knack for them. It’s a good start but not the best process. Above information should give you some perspective on how to approach the market and build your strategy. Strategy doesn’t just mean a trading setup (Entry & Exit). It includes everything from trade setup to your mindset. Find the best possible way, stick to it and follow the path. Eventually you will reach the destination. Keep learning, keep growing…!! 💗✨ Support TradingView✌️
NSE:BANKNIFTYEducation
by khushaljain023
2
Learn 4 Proven Methods of Applying Moving Average Indicator Hey traders, The moving average is one of the most popular technical indicators. It is applied in stocks/forex/crypto trading and proved its high level of efficiency. There are hundreds of trading strategies based on MA. In this post, we will discuss the 4 most popular ways to apply the moving average. 1️⃣The first method is applied to identify the market trend. While the price keeps trading above the MA, one considers the trend to be bullish and looks for buying opportunities. Once the price starts trading below the MA, the trend is considered to be bearish and a trader is looking for shorting opportunities. In the example above, Moving Average is applied for showing the identification of the market trend. Its upward climb signifies that the market is trading in a strong bullish trend. 2️⃣The second method applies the combination of 2 MA's: preferably a long-term one and a short-term one. The point is that once a short-term moving average crosses above a long-term MA, with high probability, it signifies the initiation of a bullish trend. Alternatively, a crossover of short-term and long-term MA's to the downside indicates a start of a bearish trend. In the example above, there are 2 Moving Averages: short term and long term ones. Their cross signifies the bullish trend violation and initiation of a bearish trend. 3️⃣The third method applies MA as a structure. While the moving average is lying above the price, it is considered to be a dynamic resistance. Staying below the price, it serves as a strong dynamic support. Perceiving MA as the structure, one applies that for trade entries. In the picture above, Moving Average is applied as support on GBPJPY and the price starts growing after its test. 4️⃣The fourth method is aimed to track the crossover of the moving average and the price. The idea is that a bullish violation of the MA by the price gives an early signal for a possible trend reversal. While a bearish breakout of the MA by the market indicates a highly probable bullish trend violation. In the example above, the crossover of the moving average and the price is a perfect indicator of coming bullish and bearish movements. Backtest different MA's inputs and learn to apply that for predicting the future direction of the market and for trading it. Let me know, traders, what do you want to learn in the next educational post?
OANDA:XAUUSDEducation
by VasilyTrader
14
🔴 MATIC Hello Dear friends The price chart on the daily time is below a downward trend line and so far this trend line has been preserved. The indicator from RSI has issued a negative divergence on the four-hour time frame. And as we can see, the resistance areas are not fully consumed. But we lost support areas in almost every corrective move. Currently, it seems that the possibility of forming a corrective trend is much higher and the possibility of breaking the downward trend line from this range with this movement momentum is very weak. What do you think?
MShort
by BiTBingo
MDT : COINBASE/BINANCE WHALES WILL EXPLODE THIS COIN TO THE MOONWe have discussed two ideas about this particular cryptocurrency. The first idea is the main one, and the second idea revolves around a cycle, which you can find more information about here: We are sharing this idea because we have conducted a thorough analysis of this coin and have found a high likelihood of a breakout. Currently, the highest percentage of trading volume is concentrated on Binance and Coinbase. Why do we expect a breakout? Based on our technical analysis and the patterns we have observed in the volume, we believe there is a strong chance of a breakout, even though the price is currently below the normal daily timeframe. Additionally, there are some updates related to AI and Google taking place in Hong Kong, which may also will have an impact on the price action. It's important to note that most cryptocurrencies are currently stable with low trading volume. However, when the conditions are right, we anticipate MDT will experience a breakout in trading volume. Please keep in mind that there are no guarantees in the crypto market, and this update should not be considered as trading advice. It is simply a sharing of ideas and viewpoints.
Long
by Goldenbreakout
17
The Greeks in Option Trading!The Greeks are mathematical measures used in options trading to assess and quantify different factors that impact the price and behavior of options. 📌 VEGA: Vega measures how much an option's price will change in response to a 1% change in implied volatility. Implied volatility reflects the market's expectation of the future movement of the underlying security. When implied volatility is high, options tend to be more expensive, while low implied volatility makes options cheaper. Vega has a greater impact on options with longer expiration dates. As an option approaches expiration, Vega decreases, while it increases as the underlying security moves closer to the strike price. Vega is highest when the option is at-the-money and decreases as it goes out-of-the-money or in-the-money. 📌 GAMMA: Gamma represents the rate of change between an option's Delta and the price of the underlying asset. Higher Gamma values indicate that even small price changes in the underlying stock or fund can cause significant changes in the option's Delta. At-the-money options have the highest Gamma because their Deltas are most sensitive to underlying price movements. For example, if XYZ is priced at $100.00 and a XYZ $100.00 call option is considered at-the-money, any price movement in either direction will push the option into either in-the-money or out-of-the-money territory. This high sensitivity to stock movement is reflected in the option's Gamma, making Gamma higher for at-the-money options. 📌 THETA: Theta represents the theoretical daily decay of an option's price, assuming all other factors remain constant. Options gradually lose value over time due to time value decay. The decay is more significant as the expiration date approaches, particularly for near-the-money options. Theta does not behave linearly; instead, it accelerates as expiration nears. A higher Theta indicates that the option's value will decay more rapidly over time. Short-dated options, especially near-the-money ones, tend to have higher Theta because there is greater urgency for the underlying asset to move favorably before expiration. Theta is negative for long positions (options purchased) and positive for short positions (options sold), regardless of whether it's a call or a put. 📌 RHO: Rho measures an option's sensitivity to changes in the risk-free interest rate. It represents the amount of money the option will gain or lose with a 1% change in interest rates. Changes in interest rates can affect an option's value because they impact the cost of carrying the position over time. This effect is more significant for longer-term options compared to near-term options. Higher stock prices and longer time until expiration generally lead to greater sensitivity to interest rate changes, resulting in higher absolute Rho values. Rho is positive for long calls (the right to buy) and increases with the stock price. It is negative for long puts (the right to sell) and approaches zero as the stock price increases. Rho is positive for short puts (the obligation to buy) and negative for short calls (the obligation to sell). 📌 DELTA: Delta is a measure that estimates how much an option's value may change with a $1 increase or decrease in the price of the underlying security. Delta values range from -1 to +1, with 0 indicating minimal movement of the option premium relative to changes in the underlying stock price. Delta is positive for long stocks, long calls, and short puts, which are considered bullish strategies. Conversely, Delta is negative for short stocks, short calls, and long puts, which are bearish strategies. A Delta of +1 is assigned to long stock shares, while a Delta of -1 is assigned to short stock shares. An option's Delta can range from -1 to +1, and the closer it is to +1 or -1, the more sensitive the option premium is to changes in the underlying security.
AMEX:SPY
by A1TradingHub