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A Case Study on NVDA, Risk Management & Head and ShouldersThe inverted head and shoulders (IH&S) pattern is a widely recognized technical chart formation that signals a potential reversal of a downtrend. This idea will analyze the recent price action of NVIDIA Corporation (NASDAQ: NVDA) stock and discuss the importance of risk management when price action reaches resistance after a substantial rise. Analyzing the IH&S Pattern in NVDA Stock a. The Setup: NVDA experienced a strong IH&S pattern, which has led to a significant rise in its stock price. This is not uncommon, as similar setups have been observed in other stocks like Apple (NASDAQ: AAPL). You can find other ideas that I have shared on AAPL recently. b. Potential Target: The IH&S pattern in NVDA suggests a target price of $269, which has been obtained. There is an extension target of $289 which is only a few points away. The stock has increased by around 47% since the pattern was first identified, indicating that we might be approaching the point of diminishing returns. Also observe a bearish engulfing structure on the daily timeframe. Preparing for a Potential Pullback a. Pullback to $226: As NVDA approaches its target price, a pullback to $226 could be on the horizon. This could be triggered by a reversal or a simple retracement in the stock price. Risk Management Strategies when Price Action Reaches Resistance a. Assessing the Risk-Reward Ratio: As the stock approaches resistance, you should evaluate the risk-reward ratio to determine if the potential profit is worth the associated risk. b. Setting Stop-Loss Orders: To protect against potential losses, you can set stop-loss orders at a predetermined price level below the current market price. This can help minimize losses if the stock price reverses unexpectedly. c. Scaling Out Positions: Gradually closing out positions as the stock approaches resistance can help lock in profits and reduce exposure to a potential reversal. d. Monitoring Technical Indicators: Keep an eye on technical indicators such as the Relative Strength Index (RSI) and Moving Averages, which can signal potential reversals and help you make informed decisions. The inverted head and shoulders pattern in NVDA stock has provided valuable insights into its potential future price action. As the stock tagged its target, you should prioritize risk management to protect their profits and minimize potential losses. By understanding and implementing risk management strategies, you can make more informed decisions when dealing with stocks that exhibit patterns like the IH&S. You will also notice I left a little easter egg on the chart which I will explain in more detail at a later date. This is the elliott wave theory structure. It would appear we've hit a wave 3 target and could be retreating for wave 4. This would suggest an ultimate target at a double top of the all time high. More details on that coming in the future.
NASDAQ:NVDAShort
by bitdoctor
SPX - Mastering the Market's Mood SwingsI previously discussed the likelihood of the S&P 500 Index (SPX) experiencing a rebound towards the 4000-4050 range, with particular attention given to the 4020-4040 level. The index indeed reached approximately 4039 before encountering a substantial pullback. Trading on such days can be complex, and if you're not positioned correctly and overleveraged, you may face considerable losses. Notably, the SPX nearly reached the 61.8% Fibonacci retracement level, which stands at 4043. As we move forward, we can anticipate increased volatility with alternating bullish and bearish movements over the next two weeks. This presents lucrative opportunities for traders, which I intend to exploit. In the past, I've examined the intersection of downtrend and uptrend lines, and when these lines crossed without any release of pressure, I accurately predicted the market's continued sideways movement. This situation remains valid, with the market exhibiting wild price fluctuations. For the short term, I project that the SPX will decline to roughly 3900 by Friday (and possibly lower into next week) before rebounding in the first week of April. Monitor April 6th closely, as it may serve as a pivotal point in the market's trajectory. If the market is in a downward trend approaching the full moon, anticipate a significant upward shift, but if it's in an upward trend, expect a substantial downward movement. Lastly, I'd like to mention the Wave Master Indicator, a tool I developed and have been utilizing in my trading endeavors for years. On the 1-hour SPX chart, the Wave Master Indicator suggests a short-term bearish outlook. In a previous analysis, I highlighted the 4-hour chart, which indicated a potential upward move heading into the FOMC meeting. However, the longer-term indicators were pointing towards a downward trend. This is precisely what happened. Remember that the stock market can be unpredictable, much like the weather. So here's a little joke to lighten the mood: Why did the stock market investor go broke? He tried to catch a falling knife and got cut! Stay sharp and happy trading!
SP:SPXShort
by bitdoctor
Ripple (XRP): Impressive Gains, but Caution is KeyRipple (XRP) has caught the attention of many traders, especially after its remarkable performance today, registering a 20%+ gain. As previously predicted, altcoins are starting to make significant moves in the market, and XRP's recent surge seems to be just the beginning. However, it's essential for traders to exercise caution when approaching these substantial green candles. Key Levels to Watch: $0.50 and Beyond The $0.50 mark represents a crucial psychological barrier for XRP. Should the price break through this level, the next target range would be between $0.60 and $0.65. The red box on the accompanying chart highlights this area, which aligns with previous support/resistance clusters observed in January and April 2022. If XRP manages to reach these levels, it will likely face a significant pause. Trend-based Fib Extension: Targeting 100% Expansion at $0.50 The trend-based fib extension measurement shows a 100% expansion target at $0.50, which XRP nearly achieved in today's spike. This level further underscores the importance of the $0.50 mark in determining XRP's future trajectory. Be Cautious and Look for Other Opportunities Although Ripple's recent performance is undoubtedly impressive, traders should avoid chasing these massive green candles. Entering the market now would place traders over 20% behind others, making it a risky endeavor. It's important to remember that other opportunities may be available in the market, so tread cautiously and be on the lookout for more sustainable entry points. One last factor to consider is the healthy state of the wave master indicator, which suggests a higher probability of XRP reaching the $0.65 target. Nevertheless, to optimize trading outcomes, it's recommended to wait for a pullback and identify a favorable wave master entry point on lower timeframes. This approach will allow traders to capitalize on XRP's potential upside while minimizing risks associated with chasing significant green candles. For your conveinence, I've circled the last few times a daily buy alert has signaled on the wave master indicator.
by bitdoctor
Key Levels and Stocks to Watch Leading Up to FOMC MeetingAs the market anticipates the upcoming Federal Open Market Committee (FOMC) meeting, investors are keeping a close eye on key levels and stocks that may experience significant movements. In this article, we will discuss the potential scenarios for the S&P 500 Index (SPX), Nasdaq 100 (QQQ), and several prominent stocks, as well as the importance of the FOMC meeting in shaping market momentum. SPX and QQQ: Key Levels to Watch SPX appears to be setting up for a test of the 4000 level, with the potential to run up to 4020 if it can break through the resistance. The FOMC meeting will play a crucial role in determining market direction, so investors should monitor developments closely. Similarly, QQQ is approaching the 309 level, currently up almost 2 points in premarket trading. A break above 309 could lead to a test of the 315 level. As with the SPX, the FOMC meeting will be a key factor in shaping the QQQ's performance. Stocks to Monitor: TSLA, AAPL, NVDA, AMD, META, and MSFT Tesla (TSLA) is poised for a potential move towards 190, with 196 as the next target level. Apple (AAPL) is best positioned if it can maintain support at 157. NVIDIA (NVDA) is setting up for a move towards 269, with premarket trading showing an increase of almost 4 points. Advanced Micro Devices (AMD) still has the potential to reach the 100 level. Meta Platforms (META) may experience a 5-point gap up if it can break above 205, with the potential to run up to 213. Microsoft (MSFT) appears somewhat weak at present, with a stronger outlook if it can move through the 276 level. Market Momentum and FOMC Meeting As the market begins to gain momentum on the upside, it is essential for investors to monitor the FOMC meeting's outcome. Ideally, a strong close near the 4000 level for the SPX and 309 for the QQQ would indicate a bullish market environment leading into the FOMC meeting. In anticipation of the FOMC meeting, you should remain vigilant and monitor key levels for the SPX, QQQ, and select individual stocks. The market's momentum leading into the meeting will play a significant role in shaping future trends, so staying informed on the latest developments is critical for successful investment strategies.
SP:SPX
by bitdoctor
A focus on the importance of support and resistance levelsSupport and resistance levels are the lost art of trading any market. In using support and resistance zones, I also use various MA's (Moving Averages) to assist me in finding the perfect entry. Now no trading strategy is completely waterproof. The market will act and react however it wants to, and a multitude of factors can drastically alter price action so take this advice at your own risk. I'm looking to provide a series of videos to assist me in providing this information in a more clear and more concise manner. Support is a zone at the bottom of a trend or series of trends that acts as a trampoline, or (support) to the upside. Resistance acts as a ceiling, or (resistance) that favors movements to the downside. Draw these zones using either a rectangle on higher timeframes or two horizontal lines. There's not a single price that can act as either support or resistance. To create a larger margin of error, we use these zones. These zones usually make up anywhere from 20-30 pips, depending on the symbol in question. Use the MA's to show you where the trend is heading. Bring in other factors such as market sentiment, geopolitics, economic statistics, news breaks, and anything else that can act as confluence in determining where the market may go next. I use anywhere from 3 to 5 levels of confluence before I even think about entering the market. NEVER impulse trade. I also suggest never trading pre-news. When a red folder news event occurs, the market can shake, or "whipsaw" causing price action to rubberband in either direction. These moves are aimed to close retail traders' accounts, and the market wants nothing more than to take your money. More to come in a future idea - stay tuned. Happy trading, and as always, use responsible risk management when trading any financial market. Swindle
Education
by Swindle
1
Following the trend In short, with the knowledge of the bias that follows a descending triangle pattern which requires one to short the market when such a pattern is seen in the chart In both high and lower time frames, I was able to confirm that the pattern is formed in conjunction with the ATR and MA indicator used as confluence to verify my bias. Basically, I couldn't obtain such a result without knowing the trend in the market. In addition, waiting for a retest has always been paramount for me, so if you can notice in the chart there was a retest to the support level marked out which happened to be my entry point
by isyfrankud
SNIPER TRADING SYSTEM OVERVIEWThe Sniper Trading System is set up for the Sniper to make minimum 30pips Daily in Forex. The system is built on the algorithmic movements (aka TIMES of day) that the market has the highest probability to trend✅ The systems foundation is Market Structure that we frame with two formulas: Wick Formula that gives you the structure areas and 17:1 ADR Strategy which traps price vertically within a specific time period that the algorithm moves price. Today I will break down the system in a straight forward way. Box 5PM-1AM EST (From wick to wick) Measure how many pips this zone is. This is your MORNING ZONE. Your 12AM candle is the key to finding your set up. If the 12 AM 1 Hr is RED you are looking for BULLISH plays for the day. If your 12 AM Candle is Green you are looking for the BEARISH play. Once price breaks the high or low of your MORNING ZONE you look for the set ups in confluence with your 12 AM 1 Hr Candle. After we find our set up bias we drop down to the 15min to snipe the play. We have a very tight 5 pip Threshold aka Stop Loss on the trades so this allows you quickly to know when price isn’t going in your favor to pull the trade and wait for another entry. This system trades the Macro Pivot Points so we are always in the trade at the beginning vs waiting for a pullback which often times doesn’t happen cleanly. Take profits at Extremes of the ADR aka liquidity areas (top of the wicks to the body of the candles) This play happens every single day in the market like clockwork. News will set the moves back later so it’s best to trade AFTER news hits unless you are already deep in the trade. I still suggest pulling your profits before news. This system is consistent and will put your trading in AUTOMATIC. Check out today’s set up and how it followed the system perfectly. Never over leverage. Trust your set up. Have fun! Everybody eat$ I AM Master JEDI and Sensi of #SniperGang
by Master-Jedi-Trader
1
EURUSD weekly chart: Trendline retestIf we look at weekly chart of EURUSD , we see a classical trendline retest (price nicely broke down the trendline in April 2022, with a valid breakdown after Tom Demark criteria). Price is likely to continue bearish next months. Tom Demark breakdown projection sends us below 1.00. Price also failed to establish itself in the yearly bull zone - above yearly Camarilla R1, rejecting from there. Typically, from the yearly close, price travels either to above yearly Camarilla R3 or below yearly Camarilla S3 Hence a downtrend to yearly S3 (1.0) is quite likely. For educational purposes only.
Short
by ICFX
1
January Bitcoin Analysis Update. Bull mode or not to bull mode?Here is my updated chart of the January analysis we talk about a lot on the streams. Holding up well so far and with the hash ribbons also supporting the 21k area this does indeed seem good for bulls. Price staying above 20k is very important for the short term momo the bulls have gained. Back below there and its likely range bound. Line in sand is that 16k level. The last thing i would like to see is the bulls pierce the 21 monthly EMA around 27k. Happy trading! Live Streams every Mon, Wed and Friday 9-11am.
BNC:BLX
by nonoiz
1
Earthquake tips SOLANA FallSolana pricing research reveals a downward trend. The resistance level for SOL is $24.89 Support is seen at $23.50. Recent Solana price research shows that the coin has been moving sideways over the last few days. The inverse has begun to take shape, resulting in bearish pressure. The current price of Solana is $23.61, with a small downward trend in the graph indicating that sellers currently outnumber buyers. The bearish has been in charge for the last few days, generating a headwind for the cryptocurrency. The resistance level is $24.89, while the support level is $23.50. In terms of volume, Solana has experienced a reduction in buying momentum as well as trading activity during the last several days.
CAPITALCOM:SOLUSDLong
by DEinvestment
Long S&P500S&P500 tapped its major uptrend supports last week and is holding above them. Great time to go long. It's quite unlikely to go much lower. Targets are around 4500 if/when the first major downtrend breaks (likely given the amount of short positions needing to cover). After that there is one last significant resistance above the last all time high around 4800. If that breaks, the S&P500 is poised for another mid 1990's or mid 1950's bull market that will eventually lead to the type of bear market everyone is predicting now (I wouldn't start looking for a 50% crash until around 2030). EUR/USD hit major support and is likely headed much higher. This means the dollar index is likely done rising. With the dollar falling, assets are likely to become less correlated and stocks can get back on their uptrend. Good luck out there!
SP:SPXLong
by bwy
3
10 Potential Trends 2023 by EXCAVOPotential trends and my thoughts on the future - 1. Increased Crypto Regulation 2. I'll start by explaining what L0, L1, L2, and L3 are: L1 - Transactions L2 - Closing problems of L1 L3 - Applications/Infrastructure for Applications L0 - Cross-chain infrastructure *L1 solution cannot be fast, scalable, and decentralized at the same time. Protocols L1: Ethereum (ETH) Toncoin (TON) Solana (SOL) Near (NEAR) New L1 Solutions : Aptos Sui Canto Fuel Shardeum Quai Linera Sei Disadvantages of the New L1 ETH dominance Past failures of "new" L1 Interest in LAYER L2 solutions LAYER 2 - a protocol deployed on top of the main blockchain (Layer 1) is needed to increase the scalability of L2 - solutions are used for popular blockchain platforms with low bandwidth, such as Ethereum and Bitcoin Pay attention to: Arbitrum Optimism Polygon zkSync Fuel Labs Advantages: Ethereum is the most popular ecosystem Developed infrastructure Request for scaling Disadvantages: Risk of vulnerabilities The problem of mass adoption Key challenges: Attraction of liquidity Competition Layer 0 Cosmos, Polkadot, Avalanche, Cardano 3 . Exchange tokens also remain interesting for market participants; some exchanges leave while others remain and they see opportunities for customer growth and platform development. I would like to highlight several exchanges that are now actively working to become top exchanges: Okex Bitget Wootrade If I missed any exchange, please write in the comments 4. For potential trends, pay attention to the simplification of financial interactions, new types of fundraising, DeFi of the second and third generations, WEB3 is not yet used in a large part of the cryptocurrency market. Remember something that was very hyped in the past but has not yet been transferred to a decentralized plane, such as with ICO/IDO like IPO, as as well as NFTs like Bearbrick and KAWS. Look for a super idea or potential fierce hype. 5. DeFi will continue to develop, and from the future leaders, I think there will be projects such as: dYDX Lido Uniswap Maker Curve Advantages: Request for decentralization Ecosystem support High profitability in terms of business Disadvantages: Regulatory risks from the US Higher entry threshold than CEX Hacking attacks Key challenges: Stimulation systems Competition 6. At the end of last year, I began to look very closely at the Chat GPT platform, of course, it made me look at what is happening and the future of the world in a different way. And a few days ago, a list of crypto projects related to AI (AI) was published: coinmarketcap.com dropstab.com Many began to write about the potential trend in this direction at the next Bull Run. And this is certainly the case. Any trend starts like this. But I want to note that there are already plenty of projects working with Big Data - DYOR 7. Proof of Physical Work consensus I wrote in a previous post 8. Wallets Due to the mass distrust of centralized exchanges, wallets will gain popularity in this cycle, this hype will be facilitated by the release of the metamask token. As for me, I use several cold wallets and I really like mobile phone wallets such as C98, Safepal, and Trustwallet. 9. Social media Decentralized social networks are a potential new boom: DeSo, Nation, Farcaster, Lens Protocol, Braintrust , and so on are some examples to look out for. Centralized social networks Potentially, each social network (Twitter, Facebook, Instagram, Telegram) will have a direct sending of cryptocurrencies. It looks like this, stablecoin issuers are already working on implementation. This will be the next trigger and stage of adoption, which will mark the new BullRun of the cryptocurrency market, after which we will see a global restructuring of the TOP 50 The main IT giants are Apple and Google - they have been preparing to enter the cryptocurrency market for 2 years. They will be able to take the cryptocurrency industry to the next level, but I think it will not be in this cycle 10. AAA Blockchain Games ....will continue to be developed I communicate very well with the project team, see for yourself how cool it is www.youtube.com I will say more, I have already played the beta version It is also important to note that all investments come with some level of risk and even the most promising projects and trends can have unforeseeable challenges and obstacles. It is always important to conduct a thorough analysis of any investment opportunity and understand the level of risk involved before making a decision. Never invest more than you can afford to lose and always be mindful of the long-term potential of any investment. As a final note, it is also important to keep in mind the importance of regulations and compliance in the financial markets. The crypto and blockchain space is still largely unregulated and many projects and trends may fall foul of legal and regulatory requirements. It is important to stay up-to-date with any changes in laws and regulations in the countries you are operating or investing in. I hope this information has been helpful in providing some context and guidance when it comes to trends and developments in the financial markets, and a deeper understanding of the crypto and blockchain space. Remember, it is essential to conduct your own research and make your own decisions based on your financial goals and risk tolerance. If I missed any trend write it in the comments Best regards EXCAVO
BNC:BLXLong
by EXCAVO
20
Proof of Physical Work consensusA new concept of Proof of Physical Work consensus Proof of Physical Work protocol encapsulates real-world use cases. The blockchain protocol rewards users for performing verifiable physical work like deploying a 5G hotspot etc. As examples of similar projects Wireless Network: Hellium Pollen mobile Provide token rewards to participants (hotspot operators) to provide network coverage for IoT and 5G. Mobility Hivemapper Dimo This is a decentralized map built by participants using dashcams, while DIMO Network users can earn rewards for connecting a hardware device to their car and contributing that data to the network Environmental: PlanetWatch -is striving to build a global air quality monitoring network to identify pollution hotspots and the community members can earn rewards for their efforts.) Weather Compute & Storage Filecoin arweave livepeer RNDR Filecoin boasts of a decentralized storage network. It provides a powerful source of low-cost distributed cloud storage, where contributors provide storage space on their machines and get rewarded in return. Arweave is similar to Filecoin in decentralized storage functionality, except that the former is focused on the problem of long-term data storage. I think that a full-fledged category of this Proof of Physical work will appear soon, this is what is really needed for Web3.0, this is a real connection with the physical world. And the IoT (Internet of things) will move into this category - Proof of Physical work
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BITSTAMP:BTCUSDLong
by EXCAVO
33