Polygon's Next Move: Breakout Above $0.388 or Slide to $0.29?Hey trading family! Grab your coffee and let’s dive into what’s next for Polygon (MATIC). We’re at a key level here—if MATIC can break above $0.3881, we could see some real upside. But if it slips below $0.366, we might be looking at a drop to $0.31, $0.30, and potentially all the way down to $0.29.
In this video, I’ll walk you through the technicals and what to expect next. Is MATIC gearing up for a breakout, or are we about to take a detour down? Either way, it’s time to prepare!
If you found this helpful (or just enjoyed hanging out), give it a like, comment your thoughts, and hit follow. Because, let’s be honest, navigating crypto is like trying to drink coffee without spilling—it’s messy but worth it!
Mindbloome Trader
Happy Trading
Trend Analysis
Solana’s Next Move: Will It Break 163 or Drop to 120? Find OutSolana is at a make-or-break moment. If it can push through 163.25, we could be looking at a run up to 189 and beyond—but if it stays under 157, things could get a little dicey, with a drop to 145 and maybe even all the way down to 120.97.
We’ll break down what to watch for and where the next moves might happen. Solana’s either gearing up for a moonshot, or it’s about to take a nap at 120. Either way, we’re here for it!
If this gave you some clarity (or at least a laugh), don’t forget to like, drop a comment, and hit follow for more updates. Because let’s face it—predicting crypto is like trying to guess when the Wi-Fi will suddenly stop working!
Happy Trading
Mindbloome Trader
Gold’s Push to 2766—But an $80 Correction May Be Coming!Gold is eyeing key levels at 2719, 2738, and up to 2766, but let’s not ignore the potential for an $80+ correction along the way. I’ll walk you through the key targets and where the market might throw us a curveball.
Join me as we break down the technical and figure out if gold is set to rally or hit a correction. If this analysis helped (or at least gave you something to think about), give it a like, drop your comments below, and hit follow for more updates. Your support keeps the content rolling—unlike gold, which might need a timeout soon!
Mindbloome Trader
Happy Trading
NASDAQ: Push to 22K or Drop to 19K? Key Levels and Profit Zones Evening Traders
NASDAQ is hanging on to the 20,256 level, but if we break lower, we could be looking at a slide down to the 20,000-19,200 range. On the bright side, there’s a ton of support that could push us up to 21-22K. If that happens, it’s a great spot to take some profit before we hit major resistance—or worse, a deep correction.
Let’s dive into the key levels to watch and where to take action before things get bumpy. Will NASDAQ keep climbing, or are we in for a pullback?
If this gave you some insights (or at least made you think twice about your next move), give it a like, drop your thoughts in the comments, and hit follow for more updates. Your support keeps me going
Happy trading
Mindbloome Trader
Bitcoin to $69K? Corrections, Pitchforks, and Fibs—Oh My!Bitcoin is making its way toward that $69K target, but it’s not going to be a straight shot—expect a few corrections along the way. Using pitchforks and Fibonacci levels, we’ll map out where BTC might stall or pull back before reaching the goal.
If this breakdown was helpful (or at least mildly entertaining), give it a like, share your thoughts in the comments, and hit follow for more updates. Your support keeps the analysis flowing—because let’s be honest, predicting Bitcoin’s next move without these tools is like trying to guess when your next Amazon package will actually show up
Happy Trading
Mindbloome Trader
Is Uni(swap/chain/stake/lend/yield) going to rip faces off?!?Uniswap is already one of if not the leading application within defi. That is just as a dex. I believe that dexs have the most flexibility when it comes to crypto as it has the holy trinity of high users, volume and liquidity. Helpful for financial market application.
If Unichain is a successful launch then Uni could become the centralising app within decentralised finance. This would be great for crypto and defi as provides deep liquidity and ease of use.
Not to say theres no competition. This is an emerging field and who knows wholl be the yahoo or big blue let alone the google. Have to keep up to date the changing metrics but at this stage uni is still looking a leader.
Tesla at a Crossroads: Will It Bounce to $275 or Slide to $202?Tesla’s at a make-or-break moment—are we looking at a nice correction back up to $275, or is it about to drop through the floor to $213, $208, and maybe even $202? If that $208 level doesn’t hold, we’ve got a strong 50% Fibonacci support around $203-$202—but whether it’ll catch Tesla or not is anyone’s guess.
Let’s dive into the key levels to watch and figure out if Tesla’s going to rebound or if we’re in for a deeper slide.
If you found this useful, give it a like, share your thoughts in the comments, and hit follow for more updates. Your support means a lot—after all, I need something to hold me up when Tesla can’t hold $208!
Mindbloome Trader
Will NVDA Bounce or Breakdown? Key Levels to Watch at $129 and BGood evening Trading Family
NVDA is at a critical point right now—will it bounce back from $129, or are we headed down to $126 (or lower)? Let’s dive into the key levels I’m watching and break down what might happen next. If the market holds up, we could see a solid bounce, but if not... well, buckle up for a bigger drop. No fluff—just some good ol' technical analysis with a dash of Fibonacci and candlestick magic.
If you found this helpful (or just mildly entertaining), give it a like, drop a comment with your thoughts, and hit follow for more updates. Your engagement helps me keep the content coming—and who knows, it might even help NVDA bounce back too!
MB Trader
Trade what you see not what you assume
Traders could veer towards the yen with risk events loomingIt is no coincidence that VIX futures have been creeping higher in recent weeks despite Wall Street hitting record highs, as traders are presumably hedging downside risk as we approach the US election. And that means it may not take much to spook traders out of bullish bets with markets at frothy levels, and that could see the yen strengthen as a safety play. Matt Simpson takes a technical look at yen pairs of interest.
Nvidia - Consolidation Before -50% Drop!Nvidia ( NASDAQ:NVDA ) is preparing for the correction:
Click chart above to see the detailed analysis👆🏻
Nvidia is still creating pretty clear market structure and price action and therefore there is no reason to change direction or opinion. Following the previous cycles, a correction of roughly -55% is likely and Nvidia's recent consolidation is a first strong sign of bearish weakness.
Levels to watch: $120. $60
Keep your long term vision,
Philip (BasicTrading)
Ethereum - Buy It Now Or Never!Ethereum ( BITSTAMP:ETHUSD ) will offer a final retest:
Click chart above to see the detailed analysis👆🏻
Ethereum is about to retest a perfect confluence of support from which a bullish reversal is almost certain. Following the overall bullish trend, Ethereum should retest the previous all time high next and then maybe even follow Bitcoin and create new all time highs going into 2025.
Levels to watch: $2.000
Keep your long term vision,
Philip (BasicTrading)
Review and plan for 16th October 2024 Nifty future and banknifty future analysis and intraday plan in kannada.
Positional trading ideas included.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
The Wyckoff VSA Method Showing Selling and No Demand In this short video, Author of "Trading in the Shadow of the Smart Money", Gavin Holmes, explains one of the most important trades to the short side, and ironically it works in any timeframe as shown. This is Gold Futures, but if you look at the NQ today as I filmed this it also set up early to the short side in NVIDIA, ARM and the NQ Futures.
Bullish long term bearish short term check these levelsWhat I left out of the video were my indicators which for most part are in overbought territory adding a bit more confirmation of my bearish outlook not to mention we been green for weeks it's time for a red week. $496.60 is also a long entry but if it happens quickly i don't see it being a 10 point move. Better for it to be crossed later for it to be more than 10 points. Let me know what your view is I am curious
Can You Use Math to Elevate Your Trading Strategy?In the world of trading, understanding market movements is crucial for success. One of the most effective frameworks for interpreting these movements is Wave Theory, a concept that helps traders identify price trends and potential reversals. By incorporating mathematical projections, traders can enhance their analysis and make informed decisions. In this article, we’ll explore the fundamentals of Wave Theory and demonstrate how to project price movements using wave measurements—specifically, measuring Wave 1 to project the size of Wave 3.
Understanding Wave Theory
Wave Theory, popularized by Ralph Nelson Elliott, posits that financial markets move in repetitive cycles or waves, driven by collective investor psychology. Elliott identified two primary types of waves:
Impulse Waves: These are the waves that move in the direction of the prevailing trend, typically comprising five waves (labeled 1, 2, 3, 4, and 5).
Corrective Waves: These waves move against the prevailing trend and consist of three waves (labeled A, B, and C).
In a typical bullish market, you will observe a series of impulse waves followed by corrective waves. Understanding these waves allows traders to identify potential entry and exit points based on price patterns.
The Mathematics Behind Wave Projections
One of the key aspects of Wave Theory is using mathematical relationships to predict future price movements. A common approach is to measure the length of Wave 1 and use that measurement to project the size of Wave 3. Research indicates that Wave 3 often ranges between 1.0 to 1.68 times the length of Wave 1.
Steps to Project Wave 3:
Identify Wave 1: Begin by determining the starting point of Wave 1 and measuring its length. This can be done by noting the price levels at the start and end of Wave 1.
Calculate the Length of Wave 1:
Length of Wave 1 = End Price of Wave 1 - Start Price of Wave 1.
Project Wave 3:
To project Wave 3, multiply the length of Wave 1 by the desired factor (1.0 to 1.68).
Projected Length of Wave 3 = Length of Wave 1 × (1.0 to 1.68).
Determine the Target Price:
Add the projected length of Wave 3 to the endpoint of Wave 2 to determine the target price for Wave 3.
Target Price = End Price of Wave 2 + Projected Length of Wave 3.
Example: Applying Wave Theory in a Trading Scenario
Let’s say we’re analyzing a stock and identify Wave 1 as follows:
Start of Wave 1: $50
End of Wave 1: $70
Step 1: Measure Wave 1:
Length of Wave 1 = $70 - $50 = $20
Step 2: Project Wave 3:
Using the range of 1.0 to 1.68:
Minimum Projection = $20 × 1.0 = $20
Maximum Projection = $20 × 1.68 = $33.60
Step 3: Determine the Target Price: Assuming Wave 2 has an endpoint of $80:
Minimum Target Price = $80 + $20 = $100
Maximum Target Price = $80 + $33.60 = $113.60
Thus, based on Wave Theory, we would anticipate that Wave 3 could reach between $100 and $113.60.
Wave Theory, combined with mathematical projections, provides traders with a structured approach to understanding market dynamics and predicting future price movements. By accurately measuring Wave 1 and projecting Wave 3, traders can make informed decisions based on calculated price targets, improving their chances of success in the financial markets.
As you incorporate Wave Theory into your trading strategy, remember that no system is foolproof. Always combine technical analysis with sound risk management practices to protect your capital. With patience, discipline, and a strong mathematical foundation, you can leverage Wave Theory to enhance your trading prowess and navigate the markets with greater confidence.
How can you see yourself incorporating mathematical projections like Wave Theory into your trading strategy, and what has been your experience with predicting market movements using these techniques? Let me know in the comments.
Happy trading!
BTC Bounce from $58,000: Heading Towards ?I've been closely tracking Bitcoin's price action, and my latest analysis suggests that we may be witnessing a significant bounce from the $58,000 level, a strong support zone. After a recent dip, BTC is currently trading at $65,655, and based on key technical indicators, I expect it to rally toward $74,000 with a couple weeks.
however It's only a matter of price breaking above the 67000k resistance level as shown on chart. So this is a key level to watch
Key factors driving this prediction:
Support at $58,000:
This level has historically acted as a strong floor for Bitcoin, with previous bounces leading to upward moves to retest 63k +- 1000points resistance range.
Volume and Momentum:
Increasing trading volume and momentum indicators are pointing to a potential upward continuation.
Moving Averages:
BTC is currently holding above key moving averages, reinforcing the possibility of bullish momentum.
Market Sentiment:
With recent developments in the fundamental space, sentiment is leaning bullish, adding further conviction to the potential for this move.
If this analysis plays out, we could see BTC pushing through resistance levels and reaching $74,000 in a couple weeks time frame ideally. Keep an eye on these key levels as the price action unfolds.
MCG
ETH - The Bullish & Bearish CaseToday we take a look at ETH and lay out a variety of trade ideas.
MONTHLY: From the Monthly perspective, ETH remains very Bullish. Essentially, going long ETH anywhere at or below the low of the Monthly MAC is a legitimate spot to buy. The target based on the Monthly chart is around 3,400 (approximately 30% above current price level). From an investment perspective, this is a great area to go long ETH.
WEEKLY: From the Weekly perspective, ETH remains Bearish, as we have not had a confirmed bullish trend change. Right now, ETH is trading at the Weekly MAC high, which is a legitimate place to look for new short entries, or to take profits from any longs taken at recent weekly lows. There is currently H6 bearish divergence setup, but not triggered. If it triggers, I will be shorting ETH to a target of the Weekly MAC low (2,337).
DAILY: From the Daily perspective, ETH remains Bearish. However, we are getting a potential bullish trend change (but not triggered/confirmed). There is H1 bearish divergence setting up right now, and if it triggers, the short trade target would be the Daily MAC low at 2,421.
As you can see, if you are an investor, the current price levels are reasonable areas to load up to the long side. However, the Weekly and Daily are still bearish until bullish confirmation. Daily is in the process of confirming bullish, but not yet. Day trades and shorter term swing trades to the short side are still valid.
Have a great week.
BITCOIN - Trading Consolidative Markets Using Harmonic PatternsBitcoin, like many other markets has been stuck in a sideways shuffle as of late which can be very frustrating for most traders, since most traders tend to look for continuation type of trading opportunities.
For those looking for an alternative way to trade, here's a look at how I use advanced (harmonic) patterns, specifically the Gartley patter, to take advantage of times when the market is consolidating or moving sideways.
Hope you enjoyed the video and feel free to leave any questions or comments below.
Akil
FUNDED TRADING PLUS PROP CHALLENGE US30/GPBJPY TRADE IDEALooking for a high-probability trade setup? Today, we're analyzing the US30 and GBPJPY markets. With the potential for significant price movement, this trade idea offers a great opportunity for traders looking to capitalize on market trends. Watch this video to learn more about our entry and exit strategies, risk management techniques, and the underlying technicians driving this trade.