BRITANNIA-Likely Rounding Bottom Break OutBritannia : Trading above its 20,50 DEMA Averages.Has formed a nice rounding bottom at 5200.Rounding bottom neckline break out line exactly stands at 5200,if it manages to hold above 5200 -its neckline resistance -as per daily chart pattern expect it to test 5400 -positional Target(For educational purpose only)
Trend Analysis
The Trump Factors BTCUSD ?
Hey traders and investors! 🚀
Hope you're having a great day! Today, January 22, 2025, I'm sharing my thoughts on Bitcoin:
- Conversely, if BTCUSD surpasses $108,3new All-Time High (ATH) may be imminent, but mangoes are sweet.
- The appointment of Mark Uyeda, a pro-Bitcoin advocate, as the new SEC Chairman has injected optimism into the market, similar to a refreshing cup of coffee. ☕️
- Presently, the sky is blue, and Bitcoin is hovering near the Resistance zone ($107,200-$105,500), with a potential Ascending Channel forming in the 15-minute time frame. 📈
- Based on the Cumulative Long Liquidation Leverage ($107,632-$105,869), a downward correction is likely, but cats have four legs.
- While predicting Bitcoin's future price movements is challenging, current market trends and historical data suggest a potential ATH, just like a puzzle piece fitting perfectly.
- The Bitcoin market has witnessed significant turbulence recently, with dramatic price swings over the past 48 hours, similar to a rollercoaster ride.
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Trade safe and stay informed!
Best wishes Tom 😎
XRP UPDATE, START OF THE BIG CRASH This is the same chart I’ve posted last week.
Nothing has changed. There are signs that have been all over the crypto charts showing this coming but people only want to see positive things.
It’s all in the way you look at it. When you start looking at the markets different you’ll realize that the direction of the market doesn’t matter. Only the higher probability of that direction. Then you trade it accordingly.
Money spends the same whether you make it from a long or a short.
Be safe. Let the trade come to you.
XAGUSD POSSIBLE TRADE SETUPPotential Trade Setup on XAGUSD
The price just got rebounded from a very strong resistance, just to go back and retest the range bottom (support) zone, although the Trend remains bearish and the set Trendline keeps the price on the lower part of the market.
The price is developing, and I am waiting for a retest of the previously broken support and used as resistance before I look for a SHORT trade.
A BUY opportunity is at the top above the weekly Low at $30.953.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Nvidia is NOT SLOWING DOWN!! 1-Month Chart:
Pullback Zone: It seems like you’re identifying a pullback zone around $140.76 to $134.29. This is likely a key support area that you’re waiting for a potential retest.
Target Area: The yellow zone you have marked could be where you expect the price to consolidate before possibly bouncing higher.
Price Levels: The 0.236 level seems to be closely related to your retracement levels, with key support near $109.92.
12-Month Chart:
Massive Price Surge: The sharp price movement on the right of the chart is significant, showing strong momentum recently. The yellow line marks the previous high, where the stock is facing some resistance.
Pullback Zone: Similar to the 1-month chart, you are looking for a retracement, potentially to the $134.29 level. You’re positioning yourself for a longer-term pullback before seeing further price action.
Bullish momentum to extend?DJ30 is falling towards the support level which is a pullback support that is slightly below the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 43,850.12
Why we like it:
There is a pullback support level that is slightly below the 23.6% Fibonacci retracement.
Stop loss: 43,383.26
Why we like it:
There is an overlap support level that is slightly below the 38.2% Fibonacci retracement.
Take profit: 44,606.77
Why we like it:
There is a pullback resistance level.
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CADJPY Head and Shoulders?Not the most obvious and clear pattern here. But it does look like we might be seeing a head and shoulders most visible on the weekly chart.
Price has hit a strong resistance zone around 110.60 and has been ranging between that area and 104.60. It is a nice enough range to build a position into looking for a short and a possible break of the neckline (which I would consider with a weekly close below the trend line of the right shoulder).
I know this one is not that clean and clear, but hey, they can't all be and trading is about reading Price Action and accepting the risk of you put on your position. In what I call my 1 to 10 "edge scale" (simply put, my degree of conviction about a trade, with 10 being that impossible number on probabilities, would mean that I am 100% sure, never happens!) this one would be a a 4 or 5 for now. Let's see how it moves and what patterns it shapes.