chz usdt idea!"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
Beyond Technical Analysis
Doge idea!"🌟 Welcome to Golden Candle! 🌟
We're a team of 📈 passionate traders 📉 who love sharing our 🔍 technical analysis insights 🔎 with the TradingView community. 🌎
Our goal is to provide 💡 valuable perspectives 💡 on market trends and patterns, but 🚫 please note that our analyses are not intended as buy or sell recommendations. 🚫
Instead, they reflect our own 💭 personal attitudes and thoughts. 💭
Follow along and 📚 learn 📚 from our analyses! 📊💡"
When and Where this Bull Market Ends / BTC.D and TOTAL3 BehaviorCRYPTOCAP:BTC.D
Bitcoin Dominance and Alt Season Trigger:
The chart indicates that when Bitcoin Dominance reaches around 59%-64%, there’s a high chance of an BTC dominance market correction. This level often signals the end of a Bitcoin rally and the start of funds flowing into altcoins.
You can use this dominance level as a timing signal to anticipate the start of the next alt season.
Historical Patterns and Timelines:
Key vertical markers show important dates from past cycles, such as 2018, 2021, and projected points for 2025. These points highlight recurring patterns that can help forecast the end of the current Bitcoin rally.
TOTAL3 Index Trends Relative to BTC:
The TOTAL3 index (all altcoins excluding BTC and ETH) shows that after Bitcoin Dominance declines, TOTAL3 often experiences a sharp rise. This pattern has repeated in previous cycles, hinting at a potential similar move in the upcoming alt season.
Bitcoin Price Rallies and Corrections:
The lower chart shows Bitcoin's bullish and bearish phases, typically lasting between 450 to 550 days. This timeframe can help estimate the remaining duration of the current Bitcoin rally.
Future Predictions:
Based on the chart, Bitcoin Dominance is expected to reach critical levels again in 2025, potentially marking the start of the next major alt season. While this timeline depends on market conditions and investor behavior, it offers a general framework.
Total3 dumping, BTC crash. The untold reason.You'll hear it all over Twitter and YouTube: "The FED scared investors, and they decided to pull their money out, blah blah."
Let's be real—that's utter nonsense.
Investors had no real reason to pull money out of altcoins. Where would they move it to? The real story lies with the whales manipulating CRYPTOCAP:BTC to trap the ones who sold their CRYPTOCAP:BTC too early..
Here’s what really happened: we had a mini altseason, where many CRYPTOCAP:BTC holders took profits and shifted into altcoins. This caused a pump in CRYPTOCAP:TOTAL3 and a drop in BTC.D.
But then, to punish these moves and siphon off profits, the whales decided to crash CRYPTOCAP:BTC , conveniently using the FOMC as a cover.
If you sold CRYPTOCAP:BTC at, say, 100k and moved into riskier assets like SEED_DONKEYDAN_MARKET_CAP:FLOKI , SEED_DONKEYDAN_MARKET_CAP:BONK , or CRYPTOCAP:UNI , the whales made you lose 40%-50% of your capital by dumping CRYPTOCAP:BTC just 10%. Where did that lost value go? Straight into their pockets.
I know people who thought they were being clever, saying, "This is the peak; I'm moving to alts for x2 or x3 gains." Now they’ve lost 50% and are kicking themselves, wishing they’d never sold their $BTC.
This isn’t random. It’s not a coincidence. It’s a coordinated play to vacuum up the profits from anyone thinking they could outsmart the system.
DYOR.
Unlocking the Wheat Matrix: The Code to Dominating CommoditiesUnlocking the Wheat Matrix: The Code to Dominating Commodities
What if I told you there is a way to see the hidden signals of the market? To move not with the herd but ahead of it, where clarity reigns and profits follow. This week, we delve into Wheat (ZW) — a market where the COT strategy reveals its secrets. The choice is yours: read on and learn, or remain blind to the patterns all around you.
Decoding the Setup
Understand this: this is not an invitation to blindly leap into the market. No, we wait. Patience is the cornerstone of mastery. When the technical tools confirm the market’s strength, only then do we act. Now, let’s break down the wheat matrix:
Code 1: Commercial and Small Speculator Positioning
The Commercial COT Index, using a 26-week lookback, reveals that commercials are at an extreme in long positioning. At the same time, the Small Speculator COT Index shows small specs aligning at a similar extreme. In the wheat market, unlike others, we follow the small specs rather than fading them. A deviation from the norm—an anomaly in the matrix.
Code 2: Commercial Extremes in Net Positioning
Commercial entities are nearing their most bullish stance in three years. History whispers a truth: when commercials move like this, the market often follows.
Code 3: Contrarian Signal from Investment Advisors
The masses of investment advisors are overwhelmingly bearish. Against this backdrop, the extreme bullish positioning of commercials sends a powerful contrarian signal. The matrix is showing its hand.
Code 4: Valuation Metrics
Wheat stands undervalued against U.S. Treasuries. When value aligns with positioning, the code becomes clearer.
Code 5: Seasonal Patterns
Seasonal truths tell us that wheat’s true bottom often forms in early January. This aligns perfectly with the cyclical and technical signals currently emerging.
Additional Signs in the Matrix
Spread Divergence: Bullish spread divergence between front and next month contracts.
Accumulation Indicators: Insider Accumulation Index and Williams ProGo confirm accumulation.
Technical Tools: %R is in the buy zone, and Weekly Ultimate Oscillator Divergence further supports the bullish narrative.
Cycles: The Recurring Patterns
44-Month Cycle: A major bottom forms now.
830-Day Cycle: Signals an upward move into March.
151/154-Day Cycles: Align with a cyclical bottom occurring now, projecting strength into March.
The Red Pill of Action
With these signals converging, the urge to act immediately can feel irresistible. Don’t. The matrix requires patience. Let the market reveal its strength. When the time comes, you’ll ride the wave with confidence.
The Path to Mastery
Trading isn’t merely a series of moves; it’s a philosophy. The COT strategy is a key, but only those who seek mastery will unlock its full potential. If you’re ready to see the market for what it truly is, join Tradius Trades. Here, we don’t just navigate the matrix of commodities—we redefine it. Are you ready to free your mind?
Revolutionize Your Bitcoin Trading: Top Price Action TechniquesBITSTAMP:BTCUSD @Alexgoldhunter
Analysis Using Price Action Techniques
Key Technical Elements
Break of Structure (BOS):
The chart shows multiple BOS annotations, indicating significant changes in market structure. The first BOS is marked around the 16th, showing a bullish breakout. The second BOS is marked around the 18th, indicating a bearish breakout.
Fibonacci Retracement Levels:
The Fibonacci retracement levels are drawn from a recent high to a recent low. The key levels are:
0.786: 103910.11 USD
0.705: 103376.675 USD
0.618: 102795.43 USD
0.5: 102012.5 USD
0.382: 101229.97 USD
These levels can be used to identify potential support and resistance areas.
Volume Analysis:
The volume bars at the bottom of the chart show the trading volume. Higher volume bars indicate stronger buying or selling pressure.
Relative Strength Index (RSI):
The RSI is shown with a value of 44.80, indicating that the market is neither overbought nor oversold.
Moving Average Convergence Divergence (MACD):
The MACD indicator is shown at the bottom, with the MACD line crossing below the signal line, indicating bearish momentum.
Buy Strategy
Entry Point:
Consider entering a buy position near the 0.618 Fibonacci level (102795.43 USD), especially if the price shows signs of reversal with increasing volume.
Confirmation:
Look for a bullish BOS and RSI moving above 50.
Target:
Aim for the 0.786 Fibonacci level (103910.11 USD) or higher. Partial profits can be taken at intermediate levels (0.705 and 0.618).
Stop Loss:
Place a stop loss below the recent low or the 0.5 Fibonacci level to minimize risk.
Sell Strategy
Entry Point:
Consider entering a sell position near the 0.786 Fibonacci level (103910.11 USD), especially if the price shows signs of reversal with decreasing volume.
Confirmation:
Look for a bearish BOS and RSI moving below 50.
Target:
Aim for the 0.5 Fibonacci level (102012.5 USD) or lower. Partial profits can be taken at intermediate levels (0.618 and 0.382).
Stop Loss:
Place a stop loss above the recent high or the 0.786 Fibonacci level to minimize risk.
Summary
Buy Strategy: Look for a bullish BOS, high volume, RSI above 50, and enter near support levels (Fibonacci 0.618).
Sell Strategy: Look for a bearish BOS, high volume, RSI below 50, and enter near resistance levels (Fibonacci 0.786).
Simple VIP Signal
ENTRY: 102795.43 USD
TP1: 103376.675 USD
TP2: 103910.11 USD
SL: 102012.5 USD
By using these price action techniques, traders can develop a strategic approach to buying and selling based on key levels and market structure. Remember to always manage risk with appropriate stop loss and take profit levels. Happy trading! 📈📉
Follow @Alexgoldhunter for more strategic ideas and minds
Master Silver Trading: Profitable Price Action Strategies!CAPITALCOM:SILVER @Alexgoldhunter
Price Action Analysis and Strategy
Key Levels and Zones
Support Levels:
28.500 USD: A crucial support level where the price has found buying interest before.
28.700 USD: Another significant support level indicating strong buying pressure.
Resistance Levels:
29.400 USD: A strong resistance level where the price has faced selling pressure.
30.480 USD: Another notable resistance level suggesting potential selling interest.
Break of Structure (BOS):
Multiple BOS annotations on the chart indicate significant shifts in market structure, highlighting potential areas of interest for traders.
Fibonacci Retracement Levels:
0.382 Level: 29.108248 USD
0.5 Level: 29.222 USD
0.618 Level: 29.33552 USD
0.705 Level: 29.4162 USD
0.786 Level: 29.497704 USD
Volume Analysis:
Volume spikes are visible, indicating periods of high trading activity, which can be used to confirm breakouts or reversals.
Buy Strategy
Entry Point:
Consider entering a buy position if the price breaks above the resistance level at 29.400 USD with strong volume confirmation.
Alternatively, look for a bounce from the support level at 28.500 USD with a bullish candlestick pattern and increasing volume.
Stop Loss:
Place a stop loss below the recent swing low or support level, for example, below 28.500 USD.
Take Profit:
Set take profit levels at the next resistance levels, such as 30.480 USD or use Fibonacci extension levels for further targets.
Sell Strategy
Entry Point:
Consider entering a sell position if the price breaks below the support level at 28.500 USD with strong volume confirmation.
Alternatively, look for a rejection from the resistance level at 29.400 USD with a bearish candlestick pattern and increasing volume.
Stop Loss:
Place a stop loss above the recent swing high or resistance level, for example, above 29.400 USD.
Take Profit:
Set take profit levels at the next support levels, such as 28.500 USD or use Fibonacci retracement levels for further targets.
Simple VIP Signal
ENTRY: 28.500 USD
TP1: 29.108248 USD
TP2: 29.497704 USD
SL: 28.500 USD
Conclusion
This chart shows a detailed technical analysis of Silver (XAG/USD) using price action techniques, highlighting key support and resistance levels, break of structure points, and Fibonacci retracement levels. These elements can be used to develop a buy and sell strategy based on market behavior and volume analysis.
Follow @Alexgoldhunter for more strategic ideas and minds
Unlock Hidden Profits: Expert Gold (XAU/USD) Analysis!FXOPEN:XAUUSD
Price Action Analysis and Strategy by @Alexgoldhunter
Key Levels and Structures
Break of Structure (BOS):
Multiple BOS annotations indicate significant shifts in market structure. These are key points where the price has broken previous support or resistance levels, suggesting potential trend changes.
Equal Highs:
A region marked as "Equal Highs," indicating a resistance level where the price has repeatedly failed to break above. This is a potential area to watch for a breakout or reversal.
Strong High:
A "Strong High" is marked, indicating a significant resistance level that has held firm. This is a critical level for potential sell opportunities if the price approaches it again.
Fibonacci Retracement Levels:
The chart includes Fibonacci retracement levels (0.382, 0.5, 0.618, 0.705, 0.786) from a recent high to low. These levels are used to identify potential support and resistance areas.
Indicators:
Volume:
Volume bars indicate the trading activity. Higher volume on up moves suggests strong buying interest, while higher volume on down moves suggests strong selling interest.
RSI (Relative Strength Index):
The RSI is currently at 44.81, which is below the 50 level, indicating bearish momentum but not yet in the oversold territory.
MACD (Moving Average Convergence Divergence):
The MACD line is at 1.265, the signal line is at -5.079, and the histogram is at -6.344. The MACD is below the signal line, indicating bearish momentum.
Buy Strategy:
Support Levels:
Look for buying opportunities near strong support levels, such as the recent low around 2,580.000 USD.
Watch for bullish reversal patterns (e.g., double bottom, bullish engulfing) near these levels.
Fibonacci Retracement:
Consider buying near the 0.382 (2,607.921412) or 0.5 (2,615.847) Fibonacci retracement levels if the price shows signs of reversal.
RSI and MACD:
Look for the RSI to move above 50 and the MACD to cross above the signal line for confirmation of bullish momentum.
Sell Strategy:
Resistance Levels:
Look for selling opportunities near strong resistance levels, such as the "Strong High" or "Equal Highs" around 2,640.000 USD.
Watch for bearish reversal patterns (e.g., double top, bearish engulfing) near these levels.
Fibonacci Retracement:
Consider selling near the 0.786 (2,635.056476) or 0.705 (2,629.61603) Fibonacci retracement levels if the price shows signs of reversal.
RSI and MACD:
Look for the RSI to move below 50 and the MACD to cross below the signal line for confirmation of bearish momentum.
Simple VIP Signal:
ENTRY: 2,580.000 USD
TP1: 2,607.921412 USD
TP2: 2,635.056476 USD
SL: 2,540.000 USD
Follow @Alexgoldhunter for more strategic ideas and minds
Disclaimer:
Disclaimer: Trading involves substantial risk and is not suitable for every investor. The analysis and strategies provided here are based on historical data and technical analysis techniques, which do not guarantee future performance. Before making any investment decisions, please consider your financial situation, level of experience, and risk tolerance. Always do your own research and consult with a financial advisor if necessary.
Unlock Hidden Profits: Proven WTI Crude Oil Trading StrategiesTVC:USOIL
Price Action Analysis and Strategy by @Alexgoldhunter
Key Levels and Structures
Break of Structure (BOS):
Multiple BOS annotations indicate significant shifts in market structure. These points are crucial for identifying potential trend reversals or continuations.
Change of Character (CHoCH):
CHoCH is marked at multiple points, indicating shifts in market sentiment. These points can be used to identify potential entry and exit points.
Fibonacci Retracement Levels:
The chart shows Fibonacci retracement levels at:
0.382: 69.49558 USD
0.5: 69.695 USD
0.618: 69.89442 USD
0.705: 70.01445 USD
0.786: 70.17294 USD
These levels are used to identify potential support and resistance areas.
Volume Profile:
The volume profile on the left side of the chart shows the volume traded at different price levels. High volume nodes can act as support or resistance.
Buy Strategy
Entry Point:
Look for a bullish CHoCH near a significant support level, such as the Fibonacci retracement levels or high volume nodes.
Confirm the entry with a bullish candlestick pattern (e.g., hammer, engulfing) and increased volume.
Stop Loss:
Place the stop loss below the recent swing low or a significant support level to minimize risk.
Take Profit:
Set the take profit at the next resistance level or Fibonacci retracement level. Partial profits can be taken at intermediate levels.
Sell Strategy
Entry Point:
Look for a bearish CHoCH near a significant resistance level, such as the Fibonacci retracement levels or high volume nodes.
Confirm the entry with a bearish candlestick pattern (e.g., shooting star, engulfing) and increased volume.
Stop Loss:
Place the stop loss above the recent swing high or a significant resistance level to minimize risk.
Take Profit:
Set the take profit at the next support level or Fibonacci retracement level. Partial profits can be taken at intermediate levels.
Simple VIP Signal
entry: 68.500 usd
tp1: 69.49558 usd
tp2: 70.17294 usd
sl: 67.500 usd
Follow @Alexgoldhunter for more strategic ideas and minds
Disclaimer
Disclaimer: Trading involves substantial risk and is not suitable for every investor. The analysis and strategies provided here are based on historical data and technical analysis techniques, which do not guarantee future performance. Before making any investment decisions, please consider your financial situation, level of experience, and risk tolerance. Always do your own research and consult with a financial advisor if necessary.
AVGO Broadcom Options Ahead of EarningsIf you haven`t bought the dip on AVGO:
Now analyzing the options chain and the chart patterns of AVGO Broadcom prior to the earnings report this week,
I would consider purchasing the 175usd strike price Calls with
an expiration date of 2025-2-21,
for a premium of approximately $12.00.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MITK Mitek Systems Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MITK Mitek Systems prior to the earnings report this week,
I would consider purchasing the 12.50usd strike price Calls with
an expiration date of 2025-4-17,
for a premium of approximately $0.48.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BTC.D Getting Rejected at the Trend Line Gives ALTS Hope After the Trump Pump delivered massive gains on a lot of coins since election day, it's not surprising to see some huge retracements. In fact the vast majority of ALTS have given back more than 40% with many in the 50% - 60% range. That capitulation means opportunities are coming. The question is whether or not we will get a legit Alt Season or if the Trump Pump was it.
Due to institutional demand and the ever changing dynamics in the crypto market we may not see BTC.D fall to the 40% - 45% levels, but failure to reclaim the 60% range after a rejection from the trend line may be an indication that we could get another crack at a legit Alt Season.
Keeping an eye on BTC.D and a select group of Alts to see how things develop from here.
ETHEthereum (ETH) Weekly Chart Analysis – Cup & Handle and Inverse Head & Shoulders
Overview of Current Setup:
Upon reviewing Ethereum’s weekly chart, a classic cup and handle formation is evident, with a confirmed breakout already in progress. The current price action suggests a potential backtest of the breakout zone, reinforcing the integrity of this pattern. Simultaneously, within this backtest, an inverse head and shoulders pattern is emerging – another bullish signal indicating that Ethereum could see further upside in the coming months.
Pattern Breakdown:
• Cup and Handle Formation:
• This is a bullish continuation pattern that often signals the resumption of a strong uptrend after a period of consolidation.
• The initial breakout suggests strong buying momentum, but as is common, the price is retracing to retest the breakout zone, essentially validating the strength of the move.
• Inverse Head and Shoulders (H&S):
• This pattern typically forms after a downtrend or corrective phase and often marks a reversal point.
• The presence of this pattern within the backtest area adds confluence to the bullish outlook.
Profit Targets:
Given the alignment of these two patterns, the upside potential for Ethereum is significant.
Here’s how the targets shape up:
• Primary Target Range: $5600 - $6000
• This range represents a conservative measure of the breakout from the cup and handle, projected by mirroring the depth of the cup.
• Extended Target: $6500 - $7000 (by mid-2025)
• If momentum accelerates and bullish conditions persist, ETH could stretch towards this level as a secondary target.
Stop Loss Strategy:
• Key Level: Below $2800
• This represents a critical invalidation point. If Ethereum dips below this level, it would likely indicate a breakdown of the patterns mentioned, signaling potential further downside.
• Since this is a weekly chart, patience is key. Short-term fluctuations and liquidation dips are common, so avoid overreacting to minor price movements.
Timeframe & Approach:
• Time Horizon: Weekly chart patterns generally take longer to develop and fully play out. This projection anticipates growth and price appreciation into mid-2025.
• Mindset: This is a longer-term analysis. Avoid emotional trading or reacting impulsively to short-term volatility. Ethereum’s price action may involve consolidation, retracements, and temporary corrections along the way – all part of the process.
Summary:
Ethereum’s weekly chart shows compelling bullish signals through both a cup and handle pattern and an inverse head and shoulders formation. This confluence increases the likelihood of further upside. With profit targets in the $5600-$6000 range, and extended targets as high as $7000 by mid-2025, Ethereum presents a promising opportunity for patient traders. A stop loss below $2800 ensures risk management while allowing room for price action to develop naturally. (ChatGPT made me do it lol)
You see head and shoulders breakdown, I see quick $$Algo vs. head and shoulders smackdown -- who's gonna win? (said in my most bobastic sounding voice) To be honest, both COULD be right. I can win short term and the breakdown could be real.
Uptrend line from the May low is still intact and I always listen to my algo on the miners because the wins are usually fat compared to others, plus it has already corrected 40% and Bitcoin hasn't. While the miners are always leveraged plays on bitcoin in both directions, 40% seems extreme to me.
I traded it during the March-May 50% correction and made money then, so entering after a 40% drop already happened makes this a much higher probability trade. I may cut it loose early if I can get a big win before the end of the day on Monday, though.
Per my usual strategy, as long as the position is open, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit.
As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.