#GOLD #TODAY GOLD TODAY
Gold broke the 2630 zone to extend its rally to near 2640 yesterday. And is now declining back to test the breakout zone.
Gold seems to be moving in an uptrend channel and could target the 50% Fib zone of the previous decline around 2655. Therefore, in the Asian session, you can wait to buy gold around the 2628-2630 zone. If you want to sell, you have to wait for a market decline to ensure safety.
1-BTCUSD
Microstrategy - Might Break Lower Chart Pattern - Lower Crypto?Micro-strategy is currently hovering around the lower breakout point of the current Pennant or Triangle chart pattern. If this is not a fake out, it could signal lower prices to come for crypto's across the board.
If it holds, I expect it to move to the upper area of the pennant or triangle and if it breaks, we will see newer ATH for BTC and other Alt Coins.
BTC and the other major Alt Coins are all holding just above chart patterns that signal lower prices to come, so I expect lower prices, but with this lower volume during the holidays, manipulation is very possible from smart money and the market makers.
Trade carefully.
BTC Bitcoin Among My Top 10 Picks for 2025 | Price TargetIf you haven`t bought BTC Bitcoin before the recent breakout:
My price target for BTC in 2025 is $125K, driven by the following fundamental factors:
Regulatory Developments Favoring Adoption:
The anticipated regulatory shifts in the United States are expected to create a more favorable environment for cryptocurrencies. With the potential for pro-crypto policies under a new administration, including the establishment of Bitcoin as a strategic reserve asset by major nations, investor confidence is likely to increase significantly. Analysts suggest that such developments could drive the total cryptocurrency market capitalization from approximately $3.3 trillion to around $8 trillion by 2025, with Bitcoin poised to capture a substantial share of this growth.
Increased Institutional Demand through ETFs:
The launch of Bitcoin exchange-traded funds (ETFs) has already begun to transform the investment landscape for Bitcoin, making it more accessible to institutional and retail investors alike. Following the successful introduction of multiple Bitcoin ETFs in 2024, analysts project that inflows could exceed $15 billion in 2025, further boosting demand for Bitcoin. This increased accessibility is expected to drive prices higher as more investors seek exposure to the asset class.
Supply Constraints from Halving Events:
Bitcoin's supply dynamics are fundamentally bullish due to its halving events, which occur approximately every four years and reduce the rate at which new Bitcoins are created. The most recent halving in April 2024 has led to a significant reduction in supply inflation, creating scarcity that historically correlates with price increases. As demand continues to rise while supply becomes more constrained, this fundamental imbalance is likely to support higher prices.
Growing Adoption as a Store of Value"
As macroeconomic conditions evolve, including persistent inflationary pressures and potential monetary policy easing, Bitcoin is increasingly viewed as a viable store of value akin to gold. This perception is bolstered by its finite supply and decentralized nature, making it an attractive hedge against inflation. Analysts suggest that as more investors turn to Bitcoin for wealth preservation, its price could see substantial appreciation
Bitcoin retreats lower
After completing five waves of accelerated rise, Bitcoin is currently entering a correction downward trend. The current price has broken through the rising channel and rebounded at 92,000, which forms a relatively important support level. If the price falls below this support, the next support range may be close to the starting position of the previous rising wave, around 86,000.
After the price rebounded to 100,000 points, it was under pressure and formed a double top structure. This position is also the previous long-short dividing line. Therefore, overall, Bitcoin is still in the five-wave correction stage in the short term. If 100,000 points cannot be broken, the upward pressure still exists. If the price is suppressed at this position, buying operations will not be considered in the short term.
In the short term, the decline of Bitcoin after the surge is in line with the overall bearish trend. Pay attention to the narrow adjustment of the 97,600-99,500 range above. If it rebounds to this area, you can continue to consider shorting. Downward support can focus on the two key points of 94,800 and 92,600.
If you have any different opinions on the market trend, please leave a message and like it. Thank you
SPY/QQQ Plan Your Trade for 12-26-24 : Inside Breakaway PatternThis, being the day After Christmas, could be a very volatile trading day. I suggest traders sit back and let the morning volatility settle before attempting to make any big trades.
I believe the markets will seek direction after Christmas and look to attempt to move into a Reversion phase (likely trending upward into the end of 2024).
Overall, I believe the Anomaly event has completed - yet there is still risk for the markets to move lower before the end of Feb 2025.
Follow my research and pay attention to how large the recent Daily price bars are compared to previous ranges. The current market volatility is MASSIVE.
There is no reason skilled traders are not able to profit from some of these big price swings.
Gold and Silver enter a CRUSH pattern. This could be a huge price move for Gold & Silver today.
Bitcoin is sliding into the Consolidation Phase of an EPP pattern. This could result in another breakdown towards $72k if the EPP pattern plays out.
Buckle up.
Get some.
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BTCUSD Daily Inflection Point UpdatePreviously I mentioned the weekly was consolidating, but there is potential for this momentum consolidation to have a breakout leg as momentum shifts and the final emotional price movements are played out. I was too conservative in my price projections; a lot more than I used to be- but there wasn't a whole lot of TA involved- I figured the dollar issues would crop up earlier.
Now that the Fed had pivoted. the yields are creeping back up pushing bitcoin back down. The fed doesn't let on just how dire the situation is- and with global tensions rising, the dollar is at significant risk.
I expect a broad correction in all the markets- and cash to become very tight.
There is daily momentum consolidation- and if any other events occur that send yields upward- bitcoin is likely to suffer as a consequence. If instead we sail into the new year unscathed- then this consolidation may provide another leg up; but a break below 88k and a push towards 60k may solidify bitcoins correction.
DAILY
WEEKLY
GOLD sell setup If you’re planning a **sell entry at 2630** for gold, here’s a detailed plan for your setup:
---
### **Sell Entry at 2630**
#### **Rationale for 2630 Entry**:
1. **Resistance Zone**:
- 2630 is a psychological and technical resistance level where sellers might dominate.
2. **Overextension**:
- If gold reaches this level after a strong upward move, it could indicate overbought conditions and exhaustion.
3. **Market Sentiment**:
- Failure to sustain above 2630 would confirm bearish sentiment and likely trigger selling pressure.
---
### **Trade Setup Details**
#### **Entry**:
- **Sell at 2630**, ideally after confirming a rejection (e.g., bearish candlestick patterns like a shooting star, bearish engulfing, or strong wick rejections).
#### **Stop Loss**:
- Place the stop loss slightly above 2635 to protect against false breakouts.
- Alternatively, use the ATR (Average True Range) to calculate a dynamic stop.
#### **Take-Profit Targets**:
1. **Target 1**: 2620
- This is the next key support and provides a conservative risk-reward.
2. **Target 2**: 2608
- A strong support zone where buyers might re-enter.
3. **Target 3**: 2600
- If the bearish momentum is strong, this level could be reached.
---
### **Confirmation Signals Before Entry**
1. **Candlestick Patterns**:
- Look for a rejection near 2630 with patterns such as:
- Shooting Star
- Evening Star
- Bearish Engulfing
2. **Momentum Indicators**:
- **RSI**: Overbought readings (above 70) near 2630 confirm exhaustion.
- **MACD**: A bearish crossover or divergence around 2630 strengthens the sell case.
3. **Volume Analysis**:
- Declining volume on the move up to 2630 indicates a weakening bullish trend.
---
### **Risk Management**
- **Risk-to-Reward Ratio**: Aim for at least 1:2 or 1:3 to ensure a favorable outcome.
- Avoid entering immediately if price breaks above 2630 without signs of rejection.
---
### **Fundamental Watch**
1. **DXY Correlation**:
- If the DXY strengthens (moving toward 108.100), it aligns with a bearish gold move.
2. **Economic Data**:
- Monitor for any major data releases (e.g., U.S. GDP, inflation data, or Federal Reserve comments) that could influence gold prices.
CAPITALCOM:GOLD
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Bitcoin[BTC] - Do you see a similarity ?#BTC/USD #Analysis
Description
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+ Dec 2024 Bitcoin chart looks exactly like the pattern of the Dec-2023
+ In Dec-2023 we saw similar channel formation and price broke down from the support line briefly and then bounce back in January.
+ The same pattern we are seeing now, channel formation completed and price broke down from the support line of the channel.
+ I'm expecting price to decline further upto 85k zone and bounce back from there.
+ A bounce back from this zone will push the bitcoin price parabolic.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Bitcoin in lower timeframes (4H)Bitcoin appears to be within a "Trading Range" on lower timeframes.
Within this range, a bearish "QM" (Quasimodo) pattern seems to have formed. To complete the right shoulder of this QM, the price may need to rise to higher levels (red box).
It could move from the green box up to the red box.
Generally, during the year-end holiday period, many large and small traders need cash and sell part of their assets, causing a mid-level correction in the market. During these days, the market seeks liquidity hunts and fluctuations within a specific range. At this stage, it's advisable to reduce the number of your trades and avoid futures trading to some extent.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Bitcoin - Playing around weak support#BTC/USDT #Analysis
Description
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+ Currently bitcoin is trading around its support zone of 95K and this is weak support which held and broke multiple times.
+ Strong resistance for bitcoin is around 92K, if bitcoin falls to this level, we can expect the support to hold.
+ I'm expecting a drop in price with a wick to touch 92K and bounce back immediately.
+ If bitcoin breaks below 92K then we can expect further crash to 80K level.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
BTCUSDT Analysis: Breaking Key Levels on Dec 26, 2024Context and Analysis:
Today’s Bitcoin price action saw a significant drop after consolidating near critical levels overnight. Here's a breakdown of key observations:
Initial Consolidation:
Price hovered within the Bear Day resistance zone around $98,400-$98,600 for several hours. This area was tested multiple times, reflecting significant selling pressure.
Breakdown Confirmation:
Early in the session, BTC broke below the Day support level at $97,800, triggering high-volume selling momentum. The decline was swift, heading towards the Bullish Weekly support zone ($97,200) but offering little relief.
Current State:
Price is now testing the Day-ATR low ($95,200), a critical intraday level. This aligns with broader market sentiment showing weakness and a potential continuation of the bearish move.
Volume Profile Insight:
The Point of Control (POC) near $98,400 acted as a ceiling, further solidifying the bearish outlook when the price was rejected at this level.
Outlook:
Bulls need to reclaim the $96,400 swing close level to stabilize and attempt a recovery. Failure to hold above the current ATR low could open the door to further downside exploration.
Takeaway: Bitcoin is experiencing heavy selling pressure today, losing critical support zones one by one. Traders should monitor the $96,400 level for signs of reversal or a continuation of the bearish momentum.
Understanding Moving Averages (MA): A Beginner’s GuideMoving Averages (MA) are among the most fundamental and widely used tools in technical analysis. They smooth out price data to create a trend-following indicator, helping traders identify the direction of an asset’s trend over a specific period.
What is a Moving Average?
A Moving Average calculates the average price of an asset over a set number of periods. By doing so, it reduces the impact of random price fluctuations, providing a clearer picture of the trend.
There are two main types of moving averages:
Simple Moving Average (SMA):
The SMA is the arithmetic mean of prices over a specified number of periods.
Formula:
Exponential Moving Average (EMA):
The EMA gives more weight to recent prices, making it more responsive to price changes.
Formula:
Smoothing factor:
How to Use Moving Averages
Trend Identification:
Rising MA: Indicates an uptrend.
Falling MA: Indicates a downtrend.
Flat MA: Suggests a sideways or range-bound market.
Crossover Signals:
Golden Cross: When a short-term MA (e.g., 50-day) crosses above a long-term MA (e.g., 200-day), signaling a potential uptrend.
Death Cross: When a short-term MA crosses below a long-term MA, signaling a potential downtrend.
Dynamic Support and Resistance:
Moving averages often act as support in uptrends and resistance in downtrends. Prices tend to bounce off the MA during retracements.
Combination with Other Indicators:
Moving averages can be paired with RSI, MACD, or Bollinger Bands for better signal confirmation.
Strengths of Moving Averages
Simplicity: Easy to calculate and understand.
Trend Focused: Effective in identifying and confirming trends.
Versatility: Applicable to various timeframes and markets.
Limitations of Moving Averages
Lagging Nature: Moving averages are based on past prices, which can delay signals.
Less Effective in Sideways Markets: May produce false signals in range-bound conditions.
Best Practices for Using Moving Averages
Choose the Right Period:
Shorter periods (e.g., 10, 20) make the MA more sensitive to price changes, suitable for short-term trading.
Longer periods (e.g., 50, 200) provide a smoother line, ideal for long-term trend analysis.
Combine with Multiple MAs:
Use a combination of short-term, medium-term, and long-term MAs to understand different trends.
Context Matters:
Understand market conditions. Moving averages work best in trending markets and are less reliable in choppy conditions.
Example of Moving Averages in Action
Imagine a stock is in a clear uptrend, with the price consistently trading above its 50-day SMA. When the price retraces and touches the 50-day SMA but bounces upward, this can act as a signal to enter a long position. If the price breaks below both the 50-day and 200-day SMAs, it may indicate a trend reversal.
Conclusion
Moving Averages are a foundational tool in technical analysis that helps traders identify trends, dynamic support and resistance levels, and potential entry or exit points. While they are simple to use, their effectiveness improves when combined with other indicators and a solid understanding of market dynamics. As always, backtest your strategies and adapt your moving average settings to your specific trading style and market conditions.
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Bitcoin BTC Is Preparing Last Drop To $89k Before The Rally!Merry Christmas, Skyrexians!
Today BINANCE:BTCUSDT started moving again and this move is downward. That's why it causes a lot of emotions. But we warned you in our last analysis that Bitcoin will reach GETTEX:89K at least before the bull run continuation. Today we will take a look in details how this dump can be finished soon.
Let's take a look at the 1 hour timeframe. When Bitcoin has recently reached the top our new Multilayer Acceleration/Deceleration Strategy closed all long trades and the dump was without any actions. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView .
After that we have seen the wave A which consists of 5 waves. The next bounce was the wave B zigzag shaped. Today price dropped suddenly and hard, this is the sign that wave C is already in progress. Soon we will see the final target at $89k. From there we can expect the bullish continuation above $120k.
Best regards,
Skyrexio Team
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BTC - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched equal lows lower.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of weakness, so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
Bitcoin [BTC] - Trading Inside the Channel. Breakout when ?#BTC/USDT #Analysis
Description
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+ Bitcoin is currently trading inside the channel and price is around the support zone
+ Price touched support zone multiple times and this is the third touch of the resistance
+ I'm expecting the price to bounce back from this support zone.
+ If the price fails to hold the support then our idea is invalidated.
+ A bounce back from the support of the channel will push the price above 100
Follow the trade details in the chart.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Bitcoin - Time to buy again!As I mentioned, Bitcoin does not have enough volume to break the 0.618 line by the end of the holidays. Therefore, we have to wait and see if Bitcoin can stabilize above 100k in the new year.
Give me some energy !!
✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us.
Best regards CobraVanguard.💚
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BITCOIN DOMINANCE - Clear chart , Clear dataYour trading struggles are summarized in this chart
weekly chart displays breakout a massive rising wedge pattern and now retesting...
Everything is fine as long as you’ve bought your coins at good prices.
All this struggle is simply summarized in this retest.
What’s expected is strong price fluctuation until mid-January, after which things should settle down.
If you’re out of the market and looking to enter, try to do so during the next correction
BTCUSDT - Bearish sign?daily chart displays a ascending broading wedge pattern
can notice obviously how price action going when touches the lower side of the pattern
You'll notice a full absorption of the candle, with only a wick touching the lower part of the pattern.
It's important to understand that the ascending wedge pattern is inherently bearish, often signaling a downward move. However, Bitcoin rarely gives you a clear short signal like this—it will likely liquidate all short positions first.
What’s expected is a strong upward move in the coming days, followed by a drop. Bitcoin’s target for this correction is 85k.