The Impending US Government Shutdown.The Impending US Government Shutdown: What Traders Should Know
As the US government teeters on the edge of a shutdown, traders are bracing for potential market volatility. The failure of a spending bill in the House of Representatives has heightened concerns, with President-elect Donald Trump and tech billionaire Elon Musk playing pivotal roles in the bill's rejection.
Potential Market Impact
Stock Market Volatility: The uncertainty surrounding the shutdown could lead to increased market volatility. Investors may react to the political instability by selling off stocks, causing sharp declines in major indices like the S&P 500 and Dow Jones Industrial Average.
Currency Fluctuations: The US dollar may weaken as investors seek safer assets, leading to fluctuations in currency markets. This could impact forex traders who need to stay vigilant and adjust their strategies accordingly.
Commodity Prices: Commodities like gold often see a rise in value during times of political uncertainty. Traders should monitor these markets closely as they may present opportunities for gains.
Interest Rates: The Federal Reserve's response to the shutdown could influence interest rates. If the shutdown leads to economic disruptions, the Fed may reconsider its stance on rate hikes, affecting bond markets.
Strategies for Traders
Stay Informed: Keep a close eye on news updates and government announcements. Being aware of the latest developments can help traders make informed decisions.
Diversify: Diversifying your portfolio can help mitigate risks associated with market volatility. Consider spreading your investments across different asset classes.
Hedge Your Bets: Use hedging strategies to protect your investments. Options and futures contracts can be useful tools for managing risk during uncertain times.
Be Patient: Market reactions to political events can be unpredictable. It's important to stay calm and avoid making impulsive decisions based on short-term market movements.
Conclusion
While the potential government shutdown poses challenges, it also presents opportunities for traders who are prepared. By staying informed, diversifying portfolios, and using hedging strategies, traders can navigate the uncertain waters and potentially capitalize on market movements..
Community ideas
Micron ($MU) is Poised for Action – Here’s What’s ComingMicron is sitting at a major decision point, and the next move could be big. Here’s the game plan:
If we drop below $84: Things could get bumpy, with possible corrections to $74, $70, or even $63–$64.
If we break above $93: The sky’s the limit, with targets at $100, $110, and maybe even $138 on the horizon.
This is one to watch closely. Big moves are coming, so stay sharp and ready to ride the wave!
Kris/Mindbloome Exchange
Trade What You See
TOTAL - Perfect RetestSo far, the total crypto marketcap has added over $200 billion since the low was put in hours ago!
These are early signs of the dip being over after such volume reentered very quickly to scoop up the low prices.
Also, the crypto total marketcap retest its previous 2021 ATH as new support. Macro old resistance being flipped into new support like that is a very very good sign. Shows strong demand in that new range.
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.
EOSUSDTSolid accumulation phase indicating sustained buyer interest. The chart displays promising growth potential, supported by a trend of rising lows and steady volume increase. Market sentiment leans bullish, with resistance levels under pressure. A breakout scenario seems likely if current momentum holds. Monitoring for a possible retracement to form a new support level before further upward movement is advisable.
XAUUSD Price Breakout Strong Resistance Zone 2640 To 2650XAUUSD Gold USD Chart Breakout Out Range Near 2610 With Current price 2625 .
Here A Breakout Of Your Outlook.
Buy Zone 2610 which Appears Price will Breakout From Here Current price will Moving 2625.
Long Term 2640 to 2650 Which is Suggest to Bullish Momentum Price.
You can find more details in the chart PS Support with like and comments for more insights.
BTCUSD - Missed TP ? that's okay history says 140KI followed too blindly this fractal that went almost perfect but was waiting 120k to take partial profits and missed a 30% opportunity,
I'll know take profits more often by moving from risky alts to BTC or other assets resistant to drawdown
the middle line of the channel BTC is evolving seems to support very well and I'm gonna assume the correction is already over, you can still expect to see another dip to 86k tho (but I dont believe this)
my simple trade idea : green is path of 4 years ago, blue is path of last year
first TP will be at 120k & 144K see you in 3 weeks
not financial advice
cheers
MSTR: Prime Opportunity for a Rebound as Buyers Take Control Bullish Analysis for MSTR:
MicroStrategy (MSTR) has recently dropped alongside the broader crypto market, but strong buying momentum is emerging as buyers step in to buy the dip . The RSI is coming back from oversold levels, signaling potential for a rebound. As Bitcoin stabilizes and recovers, MSTR’s stock is likely to benefit from both the crypto rebound and its solid business fundamentals.
Trade Setup:
Take Profit 1: $370
Take Profit 2: $430
Stop Loss: $310
This setup offers a favorable risk-to-reward opportunity, with MSTR potentially poised for a bullish reversal.
Bitcoin - Broader Structure and The $32K Breakdown TargetLast time, I posted an idea about Bitcoin's shorter term structure. I was scaling into a short position, and ultimately decided to close when I noticed strong support continuing to hold. This ended up being a good move, since price pushed higher towards $108k. There's a lot of resistance here in the low $100K range. While a notable milestone, it's a hefty price. More and more, Bitcoin is being seen as a tool for exploitation and wealth concentration for the wealthy, rather than something for the masses. Although good for price, this is not in keeping with the original intention behind the technology, or so we are led to believe.
I tend to generally post short ideas now because I do not support buying Bitcoin, which serves only to enrichen a select few, and no longer benefits the little guy. Sure, it could benefit ME in the future, but that feeds further into greed and selfishness, which are the human flaws at the root of many market inequities, fallacies, and injustices. For more on why I changed my perspective on crypto, there are tons of ideas I've posted over the years to pull from. It essentially boils down to this: When I was young and naive, I believed crypto could be an escape from the established financial system. In many ways it is, if you like gambling on memes and adrenaline coursing through your veins. But on a broader level, it's been co-opted by the same forces that control our traditional markets, institutions, and to an extent, our wellbeing. More and more, crypto seems to fit into a neo-feudalist dystopia, rather than a free-flowing renaissance utopia.
Earlier this year, I closed my original short positions when it seemed likely for Bitcoin to surpass its previous all time high. Now that price has hit a major milestone, altcoins have gone up 500-1000%, and gloating is abounds, it's time for me to re-enter my short. Now, I'm not looking to profit massively from this. It's a small position. But, I am of the belief that there is a non-negligible probability that Bitcoin will enter a longer term bearish trend. Whether it's now or at $160k, who knows?
If this trendline can break decisively (it's held very well so far, even when price drops below), the next stop seems to be around $89k.
From there, a bounce would be bullish. My green arrow shows the possibility of rally resumption if that level holds as strong support. On the bearish side, the previous all-time high is the next major level, followed by $32k if the entire support structure falls apart.
Markets are starting to wake up and understand that inflation isn't going away quickly, and monetary policy won't be as easy as it was. A lot of fluff needs to get weeded out. Unfortunately, crypto doesn't have much SUBSTANCE to it (meaning goods, resources, and services) attached to it.
As always this is meant for speculation and entertainment only! Thanks for reading.
-Victor Cobra
BTC Possible Sellstop run to 80k? BTC CME GapPotential larger timeframe seek and destroy profile, building up considerable sellside liquidity to later run.
This would act as a deviation or fakeout both sides of this range as charted here.
Daily BiSi (Bullish FVG) is the draw and our point of interest.
GBPUSD - Long 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 swing low and left untouched swing high.
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 strength, so potentially there is a higher probability to see price higher.
Also DXY as a great confluence, swept weakly swing high.
Your success is determined solely by your ability to consistently follow the same principles.
Three Year Parallel Channel of Nifty with Multiple indicators. We have tried to draw a Three Year Parallel Channel of Nifty with Multiple indicators. We will try to understand what is happening as per each indicator and try to get the jist of moves that may occur with a medium to long term perspective.
Indicator 1) Parallel Channel: The parallel channel indicates that after hitting the channel top at 26277 the Nifty is receding and is on a search of it's bottom from where it can launch forward again. That is the case when every time Nifty has it a channel top as you can see in the chart. The Future Channel Top once Nifty picks up the next Bull run seems to be around 29497 as per the parallel channel. Mid channel support of the parallel channel is around 23500 zone which can support Nifty. If we get a weekly closing below 23500 this level will become a resistance. In such a scenario of weekly closing below 23500 Channel bottom seems to be near 21296.
Indicator 2) Fibonacci Retracement: Fibonacci retracement suggests a bottom near 23263. If this level is broken there is a possibility of Nifty falling to the next fibonacci supports will be at 22506 and 21577. Once the Bull run begins the next resistance levels as per Fibonacci seem to be at 24725, 26777 (Previous high), 27162 and finally 28331.
Indicator 3) Bollinger Band: Support with respect to lower width of Bollinger Band seems to be near 23340. Mid Bollinger band resistance seems to be near 24660 and Bollinger band upper width resistances seems to be near 25981.
Indicator 4) RSI or the Relative Strength Index: RSI currently is at 44.41 and going downwards showing weakness. The RSI support can be found in the zone of 40, 38 or 36. Usually When RSI is below 30 the stock or index is considered oversold and when the stock or index RSI is above 70 it is considered overbought. RSI Below 20 is extremely oversold zone and RSI above 80 is considered extremely overbought.
Indicator 5) MACD or Moving Average Convergence and Divergence: MACD is a combination of Moving averages lines which tend to indicate direction in which stock or index will move and histograms indicate strength or weakness of a rally. As per MACD Nifty right now is in extreme Bear grip and will take a little time to recover. When the Blue line will start moving upwards and when it might cross the red line and continue to move upwards it can be considered as Nifty will come back to Bull Zone. Colour of histograms at that time will also start going Dark Green or light Green.
Indicator 6) 50 and 200 weeks EMA or the Mother and Father line: I have designed a theory called Mother, Father and Small Child Theory. As per this theory the movement of index or a stock in the chart is like a movement of a 3 year old child when it goes to a garden. The movement of 50 EMA is like movement of the mother and movement of the 200 EMA is like movement of a Father of that child. To know more about this theory or other indicators mentioned earlier you need to read my book THE HAPPY CANDLES WAY TO WEALTH CREATION. This book is available in Amazon in paperback or Kindle version. It is one of the Highest rated book in the category. Have a look at that book it will help you immensely in your wealth creation journey. Now as per this theory the Nifty right now is at 23587. 50 Weeks EMA is at 23403. 200 Weeks EMA is at 19335. as the Nifty is above these levels both these levels will work as a great support to Nifty and can help Nifty from falling further.
Conclusion: Nifty is approaching multiple supports from where it has potential to turnaround. Mid channel support is around 23500, 50 Weeks EMA support or the Mother line is at 23403. 23340 is the Bollinger band lower band width support. Fibonacci support is at 23263. We can see a turnaround mostly from either of these three supports. If these supports are broken by chance (looks less likely but you can never say never) then the next supports will be at 22507, 21296 or worst case scenario as of now looks like 19335. On the upper side resistances seem to be at 24660 Fibonacci mid resistance, 24725 is the Fibonacci resistance, 25981 is Bollinger band upper width resistance and 26277 is the Fibonacci resistnace which also the previous high of Nifty. Once this zone is crossed in a long term we can reach the targets of 27162 Fibonacci resistance, 28331 Fibonacci golden ratio resistnace and 29497 which is the approximate nex channel top. (This is the Medium to Long term outlook of Nifty).
This is how you can analyse any index or a stock using the 6 indicators mentioned in the writeup. I give top most priority to these 6 indicators in my analysis.
Disclaimer: Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
PEPE Update after selloff (4h)BINANCE:PEPEUSDT just had a flush, as all other cryptos had (and stocks). since my last setup isn't really feasible anymore, I've expanded it to the current situation.
We can see the following:
- it found support at the lower end of the channel at 1440 and bouched up (so far).
- if that holds, it would need to attemt a push out of the channel, which coinsides with different important levels:
* first the Value Area Low at 1800
* then the 50% fib, which is also the POC
* then the golden pocket and possibly finding support at the trendline again (or any other forming trendline currently not seen
so basically next targets to break in order: VAL, channel high, 50% fib, golden pocket.
ofc, currently it could potentially be the case, since there is a lot of uncertainty in the market, that we see a couple of days of consollidation, but we'll see.
ETHUSDT - UniverseMetta - Analysis#ETHUSDT - UniverseMetta - Analysis
Following its ATH, a second peak was formed. Since November, the price has completed its 5th wave, potentially signaling the start of a correction. The price has exited the ascending channel, confirming the formation of an ABC corrective structure. From the last impulse, the price has already retraced approximately 50% on a higher timeframe. The nearest support levels are $3,100 and $2,900, which may serve as areas to consider increasing holdings.
Target levels: $3,391.45 - $2,537.30