BITCOIN → Retest of key support. What can happen?BINANCE:BTCUSD continues to form a consolidation, this could continue until Trump's inauguration. Price is approaching a key support level and a liquidity zone that harbors both crowd fear and huge potential.
On W1, price is trying to consolidate above the global rising line playing the role of support. Buyers can aggressively defend this area because if this area is lost, price could very easily and quickly descend to 72-75K.
Bitcoin has moved into a local correction due to economic data, but the global fundamental picture is quite positive (thanks to Trump and community interest).
Levels in the 91K - 89K - 86K zone are attracting the attention of major players as these are psychologically important and historically strong buying zones, especially against the backdrop of a strong bullish trend.
The current flat and consolidation boundaries may persist as traders and the community wait for Trump's inauguration and his active actions, and the economic data had only a temporary impact.
Resistance levels: SMA, 99.5K, 102.5K
Support levels: 91.7K, 89.3K, 86.7K
A false break of support can provoke quite a violent reaction. After such a strong fall, I expect a rebound rather than a breakdown. I do not exclude a retest of 89-86K before further growth.
Regards R. Linda!
Trend Lines
USDCHFHere we are with another FX Chart of the USDCHF pair, here I see an unfolding, in progress of wave 5 of the bullish impulsive wave which is heading to a strong supply zone. As my analysis, this should give us a completed 5th wave which will usher in the sellers , however when you sell, its safe to wait for the breakout off the red support line (that one after the yellow line) then you can invest in selling. Its just what I think.
GBPUSD downside target 1.207On the weekly chart, GBPUSD is under pressure below the downward trend line, and the bearish trend is obvious. Currently, GBPUSD has touched the support near the 1.230 mark. If it falls below, it is expected to open up downward space, and the downward target is around 1.207. The current short-term resistance level is around 1.235.
GBPUSD InsightHello, dear subscribers!
I'm glad to have you all here. Please feel free to share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- CNN reported that President-elect Donald Trump is considering declaring an economic emergency under the International Economic Emergency Powers Act to justify imposing universal tariffs and introducing a new tariff program.
- According to the U.S. ADP National Employment Report, private employment increased by 122,000 in December, falling short of both the previous month’s figure and market expectations.
- Christopher Waller, a Federal Reserve Governor, stated that despite President Trump's tariff threats, inflation is expected to continue declining. He also expressed support for a rate cut this year.
- The FOMC meeting minutes revealed divided opinions among Fed officials regarding the inflationary and economic impacts of Trump’s policies, highlighting ongoing uncertainty in Fed monetary policy.
- Attention is being drawn to the surge in UK gilt yields, which could increase the likelihood of an expanding fiscal deficit.
Key Economic Events This Week
+ January 10: U.S. Nonfarm Payrolls for December and Unemployment Rate
GBP/USD Chart Analysis
As previously expected, the price broke below the 1.25000 level and declined further to the 1.23000 level. The upward trend has been completely invalidated, and in the medium to long term, a bearish trend appears dominant. However, if the 1.23000 level holds, a short-term rise toward the 1.25000 level could be anticipated. On the other hand, if the price breaks below the 1.23000 level, a decline toward the 1.21000 level is expected.
Price rejection at key area of support.The daily candle has closed bouncing of a strong zone of support at ~.945249 which is also an area that is respecting my trendline. There is no official buy signal as of yet to play it safe - the official buy signal is once price reaches past the area of resistance ~1.007413 AND fully engulfs the daily candle that closed today. Large selloff on all cryptos today so potentially some buying pressure will return to the market tomorrow.
Park your Funds in HealthCare!
The 2024 performance of health care stocks lagged behind due to investor preference for higher-growth technology sectors. This underperformance has created more favorable valuations, setting the stage for a potentially stronger outlook in 2025. Key drivers for the health care sector include:
1. Innovation
Advances in biotechnology are producing cutting-edge treatments, particularly in specialty drugs.
Leading companies, such as Alnylam Pharmaceuticals and argenx SE, are developing innovative therapies for rare diseases and autoimmune disorders.
Specialty drugs, which account for over half of pharmaceutical sales, are experiencing significant growth.
2. Policy Environment
A possible shift in the U.S. administration could reduce regulatory uncertainty.
Managed-care providers may benefit from Medicare Advantage policy adjustments, fostering a more stable operating environment.
3. Attractive Valuations
After 2024's underperformance, the sector offers lower valuation entry points.
Long-term demographic trends, such as the aging population in the U.S., are expected to sustain growth and demand in health care services and innovations.
Conclusion:
While near-term challenges persist, the combination of groundbreaking innovations, potential policy shifts, and compelling valuations positions the health care sector as an attractive opportunity for investors in 2025 and beyond.
GBPCHF Ready for a breakthroughHello Traders
In This Chart GBPCHF HOURLY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPUSD is in the Selling Direction after breaking SupportHello Traders
In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET
today GBPUSD analysis 👆
🟢This Chart includes_ (GBPUSD market update)
🟢What is The Next Opportunity on GBPUSD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
BounceBit Gearing for a 5x – Are You Ready?Price action on the weekly and daily charts has been incredibly clean, with steady accumulation since the last tap at 30c, signaling the trend is holding strong.
Don’t fade this one—it's been consolidating in a similar pattern to CRYPTOCAP:AAVE before its breakout above $160, but this time in a much smaller range. The stage is set for a potential surge.
Bought some here and will continue to buy if it retraces (not counting on it).
BINANCE:BBUSDT
BTC.D Breakdown + ALTs Volume Profile | Key Market RotationCrypto Ex-Top10 Dominance: Bull Breakout Setup | Alt Season Indicator |
MY VIEW FOR NEXT 2-3 WEEKS
Current: 10.37% (-0.79%)
Vol: 375.29B
Pattern Setup:
- Double bottom at 10.3%
- Strong support trend holding
- Descending resistance line test
- Projected breakout to 13%
Levels:
- Strong resistance: 12%
- Current resistance: 11%
- Critical support: 10.3%
- Trend support: 9.5%
Trade Plan:
- Targets: T1: 11.5%, T2: 12%, T3: 13%
- Stop: Below 10.2%
- R:R = 1:3
Market Impact:
- Rising dominance suggests alt rotation
- Mid/low caps potential breakout
- Watch ETF impact on rotation
DYOR - Not financial advice. High volatility expected with ETF news.
Gold Navigating Between Dollar Strength and Geopolitical UncertaGold has advanced in recent sessions, reaching $2,660 per ounce, despite the strong headwinds posed by a robust U.S. dollar and the rise in Treasury yields.
Although gold experienced a temporary rebound of over 1% yesterday, pressure from the strength of the dollar and the increase in Treasury bond yields limited its ability to sustain gains. This behavior highlighted the traditional inverse correlation between gold and the dollar, as a strong dollar tends to make gold more expensive for investors holding other currencies.
Recent U.S. economic data adds another layer of complexity. The increase in job openings, reflected in the JOLTS report which exceeded expectations with 8.1 million vacancies, and the acceleration in the services sector activity according to the ISM, with an index of 54.1%, demonstrate the strength of the U.S. economy. However, the surge in services sector prices, with an index of 64.4%, the highest since January, raises concerns about persistent inflation. The resilience of the U.S. labor market, while positive for the economy overall, introduces uncertainty for gold, as it reduces the likelihood of aggressive interest rate cuts by the Federal Reserve.
This outlook is reinforced by the shift in Fed rate cut expectations, now postponed until nearly the second half of 2025. A higher interest rate environment traditionally puts pressure on gold, as gold does not yield returns. The delay in rate cuts by the Fed directly impacts gold's appeal as a safe-haven asset.
Despite these adverse factors, gold has found some support in geopolitical uncertainty, particularly concerning potential tariff policies. Statements regarding tariffs on Canada, Mexico, China, and even BRICS countries have added a risk component to the global economic outlook. In times of political and economic uncertainty, gold re-emerges as a safe-haven asset. Additionally, the ongoing gold accumulation by the Chinese Central Bank for the second consecutive month strengthens the physical demand for the metal, providing additional price support.
Market participants are eagerly awaiting the release of new U.S. employment data, including the crucial non-farm payroll report, as well as the FOMC minutes, in search of clearer signals about the future direction of monetary policy. In this context, gold finds itself at a crossroads, navigating between dollar strength, inflationary pressures, Fed policy expectations, and growing geopolitical uncertainty. This complex interaction of factors will continue to shape the precious metal’s trajectory in the near future.
ACHR LongWeekly, trendline break
Long 5
Stop 4
Target 7, 10
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
For non-Pro option traders, better buy ITM options and keep 90+ days.
I will try some samples to test my chart reading and OP strategy:
"Buy in the money (ITM) calls in daily uptrend, and keep 400 days. "
CAN price 1.6 11/19/2024
BuyToOpen Jan2026 Call C1 Limit 1.0 ( Delta 0.87 , 422 days )
ITM C1 has 0.6 value.
OPK price 1.6 11/20/2024
BuyToOpen Jan2026 Call C1 Limit 0.65 x2 ( Delta 0.85 , 421 days )
ITM C1 has 0.6 value.
POET price 3.9 11/20/2024
BuyToOpen Jan2026 Call C3 Limit 1.05 ( Delta 0.85 , 421 days )
ITM C3 has 0.9 value.
GIGA/USDT: Potential 23% Drop | Channel Breakdown |Setup:
- Short entry: Break below $0.085
- Target: $0.07 (23% downside)
- Stop: Above $0.095
- R:R = 1:2
Pattern: Channel breakdown pending
Key levels:
- Resistance: $0.095
- Support: $0.07-0.072
Watch: Channel break confirmation, volume increase
DYOR - This is not financial advice. Trade safely with proper risk management.
COMRADE APPLIANCES likely a multibaggarstock gave a BO & has good fundamentals
For a successful breakout, we should ideally see a strong 1DAY candle on our chart—it’s crucial to use that timeframe.
Following the breakout, the ideal entry point would be after a consecutive candle that breaks above the breakout candle
As always, remember to do your own research before making any investment decisions!
ADA/USDT: Long-Term Strategy with Support, ResistanceOverview:
This strategy focuses on a safe and long-term approach to trading ADA/USDT. It is based on a blend of traditional technical analysis, including key support and resistance levels, along with custom-defined price levels that I have identified through in-depth market analysis. The goal is to take well-timed long and short positions, aiming for sustainable growth while minimizing risk.
Strategy Breakdown:
1. Support and Resistance Levels:
Key levels are defined where price has historically shown significant reactions. These levels provide the foundation for entries and exits, ensuring that trades are executed at optimal price points with a high probability of success.
2. Custom Price Levels:
In addition to traditional support and resistance, I've integrated personalized levels derived from market structure, historical price behavior, and other proprietary indicators. These levels give more precision to entry and exit points.
3. Risk Management:
Each trade is carefully managed with appropriate stop-loss and take-profit levels to ensure that risk is minimized while maximizing reward. This approach helps manage volatility and protects capital over the long term.
4. Long and Short Positions:
The strategy adapts to both bullish and bearish market conditions. Long positions are taken when price is at or near support levels, signaling potential upward momentum. Short positions are considered at resistance levels or when price shows signs of reversal or weakness.
Time Horizon:
This strategy is intended for traders with a longer-term perspective, aiming for steady growth rather than quick, high-risk trades.
Conclusion:
By combining traditional technical analysis with my custom levels, this strategy offers a well-rounded and disciplined approach to trading ADA/USDT. It’s designed for those who seek a balance between profitability and risk management, while targeting steady returns over time.