Incoming $1trillion dollar correction for crypto people... ** weeks ahead **
Is the market top in? This next move in the market will certainly convince the crypto folks that it is.
According to social media, Youtube influencers etc.. the bull run is just beginning.
That is in despite of a swathe of News article headlines “Bitcoin reaches new all time high $100k” and the janitor I have not spoken to in 10 years asking me if I'm buying Bitcoin.
The signs are there.
On the above 6 day chart, the TOTAL crypto market capitalisation, currently 3.57 trillion dollars price action has risen 46% since the November breakout. A number of reasons now exist for a bearish outlook:
1) Price action and RSI support breakdowns. Indeed the November breakouts requires confirmation of support on past resistance to allow for continuation. That's a long way down.
2) Support is exactly $1 trillion below at $2.57 trillion.
3) Price action is at a significant Fibonacci extension, look left.
4) This signal is found across the entire crypto market on both 6 day and weekly charts, in other words there is confluence across timeframes. That is important.
Is it possible speculators keep throwing good money after bad in the hope price go up? Sure.
Is it probable? No.
Ww
Bulls make money.
Bears make money.
Pigs get slaughtered.
TOTAL3 - Hanging man
OTHERS total - Hanging man
Multiple Time Frame Analysis
Vaxart, Inc. to print 5000% impulsive wave ?? ** The months ahead **
On the above 6 day chart price action has corrected over 96% since February 2021. A number of reasons now exist for a bullish outlook, they include:
1) Price action and RSI resistance breakouts.
2) Confirmation of support on past resistance.
3) Regular positive divergence. The divergence prints at a time price action breaks out after 4 years of active resistance.
4) The forecast is determined from a 2nd impulsive move as measured from the first.
Is it possible price action continues to correct? Sure.
Is it probable? No
Ww
Type: Trade
Risk: You decide
Timeframe for long: Remainder of the year.
Return: 4000-5000%
Stop loss: Will say elsewhere
GOLD (XAUUSD) - Daily & H4 - Technical Analysis & Trading Ideas💡 All Technical Analysis & Trading Ideas are generated by #4CastMachine AI software.
Mid-term forecast (Daily TF):
While the price is above the support 2475.27, resumption of uptrend is expected.
There is a possibility of upward price rejection in the areas indicated on the chart.
If the support at 2475.27 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Short-term forecast (H4 TF):
Bearish wave toward the Buy Zone
If the price is rejected from the buy zone, another impulse wave will start toward higher TPs.
SL: Below 2560.27
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Will Allakos Inc. return 10,000% ?? Maybe even 20,000%
This is a 20,000% return idea from current price action. If you missed out on the QUBT trade (below) and find yourself filled with regret at the inaction taken… Then Merry Christmas...
On the above 15 day chart price action has corrected a massive 99.5% from $166 since early 2021. A number of reasons now exist to take advantage of this discount. They include:
1) Price action and RSI resistance breakouts.
2) Strong regular positive divergence. Recognise this divergence prints at a time price action resistance breaks out and prints support on past resistance from a 4 year active resistance downtrend.
3) No share splits!
4) “Off-Exchange Short Volume Ratio 39.57%” - who are these people?
5) The forecast comes from the wedge breakout. Top and bottom touch points are used to measure the forecast area
Is it possible price action continues to correct? Sure.
Is it probable? No
Ww
Type: Trade
Risk: You decide
Timeframe for long: QUBT danced around 60 cents for a month or so, people got bored, others left in frustration… do you want to see my inbox as price blasted past $6 ?? Filled with regrets from folks unable to exercise patience.
Return: 2,500% in the first wave
Stop loss: Will say elsewhere
ASSETARTISAN 1. Break of Structure (BOS): A clear break of structure occurred, as indicated in the chart, signaling a shift in market momentum. This often aligns with a continuation of the prevailing trend.
2. Change of Character (ChoCH): The marked ChoCH points indicate shifts in market sentiment, transitioning from bearish to bullish. These are often early signals of trend reversals or continuations.
3. Order Block Reaction: The price reacted strongly within a demand zone (blue-shaded area). This suggests that institutional buying was present, driving prices upward toward the target.
4. Momentum and Volume: The strong bullish momentum (indicated by large candlestick bodies) supported the price's rapid movement to the target.
5. Trend Continuation: The price is in a clear bullish trend, with higher highs and higher lows forming, reinforcing the likelihood of hitting higher levels.
In summary, the combination of structural breaks, demand zone reactions, and bullish momentum contributed to the target being achieved.
Long trade
1Hr TF entry
Buyside trade
Mon 16th Dec
LND to Ny Session AM
8.00 am
Entry 1.49665
Profit level 1.51248 (1.06%)
Stop level 1.49231 (0.29%)
RR 3.65
Reason: Overview of the 1Hr TF we buyside momentum indicates buyside pressure since Mon 16th Dec 24, and narrative based on supply and demand for directional bias.
BTC/USD continuation to the downside If you go through my previous analysis on Btc there as a clear and understable analysis from Montly to Daily T_F
There was obvious Rising Wedge which the market respects
Tradingview says 1m+pips from the very top of my analysis that's -13.87%
Now... there's about to be a Retest on the break out of the rising Wedge also the trend line onthe 4hrs T_F
More bearish move to go watch out
Note this is base on technical factors.
GOLD (XAUUSD): Intraday Bearish Bias
Gold nicely retested a recently broken key daily horizontal support.
After its test, I see very intraday bearish price action with
a confirmed local Change of Character CHoCH.
The price will most likely drop lower at least to 2585.
❤️Please, support my work with like, thank you!❤️
POLKADOT- BUY HIGH, SELL HIGHERIn the midst of chaos, I've decided to increase my position in Polkadot, as I've been holding since $5.82. The structure continues to show bullish signals, and we’re still in a bull market. Moreover, the Christmas and New Year rally hasn’t even started yet.
For traders feeling anxious right now, it's better to step away from the screen and avoid making impulsive decisions. For those focused on knowledge and strategy, there’s no better moment to consider opening a long position—fully aware of the possibility that your stop-loss might be hit.
Trade Management:
Entry: $7 or market price
Stop-loss: $6.31 (keeping the previous position intact)
Remember to control your emotions and avoid overtrading. Maintaining liquidity is crucial—don’t put all your capital at risk. Protect your psychology and trust your skills. Don’t let the market shake your confidence in what you know works.
I’m sticking to my plan, as mentioned in my previous idea. Nothing changes if you follow your plan.
May God bless you all.
Jay
Long trade
4Hr TF overview
Trade Setup Breakdown:
Trade Type: Buyside (Long position)
Date: Monday, December 16, 2024
Time: 5:00 AM
Timeframe: 4-hour (4H) chart
Session: Tokyo to London (AM session)
Entry 1.42471
Profit level 1.45600 (2.20%)
Stop level 1.42119 (0.25%)
RR 8.89
Reason: Overlooking the 4Hr TF and monitoring USDCAD indicates buyside momentum at this time.
Vaxart, Inc. A big thank you to all for helping me reach the 8k follower milestone..
On the above weekly chart price action has corrected over 90% since February 2020. A number of reasons now exist to be bullish, including:
1) You know why..
2) Price action confirms support on past resistance.
3) The support is on the Fibonacci 0.236
4) RSI resistance breakout.
Is it possible price action falls further? Sure.
Is it probable? No.
Ww
Type: investment
Risk: <=6% of portfolio
Timeframe: Now
Return: Will say elsewhere
Stop loss: Will say elsewhere
XAU/USD 20 December 2024 Intraday AnalysisH4 Analysis:
-> Swing: Bearish.
-> Internal: Bullish.
FINAL ANALYSIS OF 2024! WISHING YOU ALL VERY HAPPY FESTIVITES. MAY 2025 AND OWNARDS BRING YOU ALL SUCCESS!!
ANALYSIS WILL RESUME SECOND WEEK OF 2025 (DATE TO BE CONFIRMED)
Analysis/Intraday expectation remains the same as analysis dated 16 December 2024.
Price is clearly unable to target weak internal. This is due to the fact that Daily and Weekly Timeframe remain in bearish pullback phase.
Price Action Analysis:
Technically price is to target weak internal priced at 2,721.420. Price has sweeped liquidity,
for two possible reasons.
1. To assist price to complete bearish pullback phase, react at either discount of internal 50% or H4 demand zone before targeting weak internal high.
2. To assist Daily and H4 TF's to complete bearish pullback phase with price to print a bearish iBOS and target strong internal low priced at 2,536.855.
Intraday Expectation:
Intraday expectation and alternative scenario as per points 1 and 2.
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
H4 Chart:
M15 Analysis:
-> Swing: Bearish.
-> Internal: Bearish.
FINAL ANALYSIS OF 2024! WISHING YOU ALL VERY HAPPY FESTIVITES. MAY 2025 AND OWNARDS BRING YOU ALL SUCCESS!!
ANALYSIS WILL RESUME SECOND WEEK OF 2025 (DATE TO BE CONFIRMED)
Analysis/bias remains the same as yesterday's analysis dated 19 December 2024.
Price Action Analysis:
Yesterday's analysis played out as expected with price targeting weak internal low, printing a bearish iBOS.
Price has printed a bullish CHoCH, indicating, but not confirming bullish pullback phase initiation. We are now trading within an established internal range.
Intraday Expectation:
Price is currently trading at premium of internal 50% EQ where we could see a reaction. Price could potentially trade up to M15 supply level before targeting weak internal low priced at 2,583.915
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
The correction in crypto assetsHey traders and investors!
The correction in crypto assets continues.
You can look for selling opportunities (for example, in futures) on these assets, as both the daily and hourly timeframes favor the sellers.
Stop-losses are a must!
If buyers on these assets (OPUSDT, ARBUSDT, DOTUSDT) buy up the daily bar from December 19, the priority will shift to purchases.
I wish you profitable trades.
NZDCAD SHORT Market structure bearish on HTFs 30
Entry at both Daily and Weekly AOi
Weekly Rejection from AOi
Bearish Harami formed on the Weekly
Daily Rejection from AOi
Previous Structure point Daily
Around Psychological Level 0.82500
H4 EMA retest
H4 Candlestick rejection
Levels 6.05
Entry 100%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King