The last bullish chance of XRP in Mid term!The price has formed a bullish flag on the 4-H time frame, and if it breaks out, it can drive the price up to around $2.9 . This is expected to happen in the new year. I don't know why this coin reminds me of BNB!!!
Give me some energy !!
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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!!
Tradingsignals
The Crucial Numbers Defining SCUSDT's Next Steps - Siacoin◳◱ On the BINANCE:SCUSDT chart, the Trendline Breakout pattern suggests an upcoming trend shift. Traders might observe resistance around 0.007926 | 0.009005 | 0.011148 and support near 0.005783 | 0.004719 | 0.002576. Entering trades at 0.005505 could be strategic, aiming for the next resistance level.
◰◲ General Information :
▣ Name: Siacoin
▣ Rank: 254
▣ Exchanges: Binance, Huobipro, Gateio, Mexc, Hitbtc
▣ Category / Sector: Services - File Storage
▣ Overview: Sia is a blockchain that offers decentralized cloud data storage and a peer-to-peer marketplace. Skynet is a decentralized file sharing and content delivery network built on top of the Sia blockchain. Siacoin is the native token of the Sia blockchain platform.
◰◲ Technical Metrics :
▣ Current Price: 0.005505 ₮
▣ 24H Volume: 2,985,437.812 ₮
▣ 24H Change: 1.12%
▣ Weekly Change: -19.59%%
▣ Monthly Change: -6.82%%
▣ Quarterly Change: 21.28%%
◲◰ Pivot Points :
▣ Resistance Level: 0.007926 | 0.009005 | 0.011148
▣ Support Level: 0.005783 | 0.004719 | 0.002576
◱◳ Indicator Recommendations :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_SELL
◰◲ Summary of Technical Indicators : SELL
◲◰ Sharpe Ratios :
▣ Last 30 Days: -0.69
▣ Last 90 Days: 0.81
▣ Last Year: 0.22
▣ Last 3 Years: 0.09
◲◰ Volatility Analysis :
▣ Last 30 Days: 1.04
▣ Last 90 Days: 0.86
▣ Last Year: 1.02
▣ Last 3 Years: 0.94
◳◰ Market Sentiment :
▣ News Sentiment: N/A
▣ Twitter Sentiment: N/A
▣ Reddit Sentiment: N/A
▣ In-depth BINANCE:SCUSDT analysis available at TradingView TA Page
▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content.
◲ Disclaimer : Disclaimer
The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk.
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ARKUSDT: What Every Trader Needs to Know Right Now - Ark◳◱ On the BINANCE:ARKUSDT chart, the Trendline Touch pattern suggests momentum building up for a significant move. Traders might observe resistance around 0.7765 | 0.9164 | 1.1786 and support near 0.5143 | 0.392 | 0.1298. Entering trades at 0.5201 could be strategic, aiming for the next resistance level.
◰◲ General Information :
▣ Name: Ark
▣ Rank: 531
▣ Exchanges: Binance, Gateio, Mexc, Hitbtc
▣ Category / Sector: Infrastructure - Interoperability
▣ Overview: None
◰◲ Technical Metrics :
▣ Current Price: 0.5201 ₮
▣ 24H Volume: 3,361,359.843 ₮
▣ 24H Change: 1.9%
▣ Weekly Change: -17.63%%
▣ Monthly Change: -9.08%%
▣ Quarterly Change: 5.33%%
◲◰ Pivot Points :
▣ Resistance Level: 0.7765 | 0.9164 | 1.1786
▣ Support Level: 0.5143 | 0.392 | 0.1298
◱◳ Indicator Recommendations :
▣ Oscillators: BUY
▣ Moving Averages: SELL
◰◲ Summary of Technical Indicators : NEUTRAL
◲◰ Sharpe Ratios :
▣ Last 30 Days: -0.71
▣ Last 90 Days: 0.42
▣ Last Year: -0.05
▣ Last 3 Years: 0.27
◲◰ Volatility Analysis :
▣ Last 30 Days: 0.99
▣ Last 90 Days: 1.31
▣ Last Year: 1.19
▣ Last 3 Years: 1.19
◳◰ Market Sentiment :
▣ News Sentiment: N/A
▣ Twitter Sentiment: N/A
▣ Reddit Sentiment: N/A
▣ In-depth BINANCE:ARKUSDT analysis available at TradingView TA Page
▣ Your thoughts matter! What do you think of this analysis? Share your insights in the comments below. Your like, follow, and support are greatly valued and help sustain high-quality content.
◲ Disclaimer : Disclaimer
The content provided is for informational purposes only and does not constitute financial, investment, or trading advice. Always conduct your own research and consult a qualified professional before making any financial decisions. Use of the information is solely at your own risk.
▣ Explore the Power of Charting with TradingView
Unlock a wide range of financial analysis tools, data, and features to elevate your trading experience. Take a tour and see the possibilities. If you decide to upgrade your plan, you can receive up to $30 back. Discover more here - affiliate link -
$SBUX Starbucks Corporation Daily Chart AnalysisThe chart depicts Starbucks Corporation (SBUX) on the daily timeframe, showing a recent breakdown from a rising wedge pattern. The price has sharply fallen below key support levels and moving averages, suggesting a shift in momentum to the downside. Here's a detailed walkthrough of the analysis:
Key Observations:
1. Trend Analysis:
Rising Wedge Breakdown:
The chart highlights a breakdown from a rising wedge, a bearish reversal pattern, indicating potential for further downside.
The price has decisively broken below the lower boundary of the wedge, confirming the bearish momentum.
Bearish Momentum:
SBUX is now trading below the 200-day moving average (red line) and other short-term EMAs (8 EMA, 21 EMA), which aligns with a bearish trend.
2. Support and Resistance Levels:
Resistance Levels:
92.28-93.01: A key resistance zone aligned with prior dark pool activity and broken support, likely to act as a ceiling for any short-term rebounds.
95.79: Previous support turned resistance, near the 200-day moving average.
98.60: A strong resistance area near recent highs.
Support Levels:
87.00: Immediate support zone, tested recently with increased volume.
80.24-79.15: Major support area, aligning with historical levels and dark pool prints.
Below 79.15, the next significant level is 75.00, a psychological support area.
3. Volume Analysis:
A volume spike accompanies the recent sell-off, indicating strong selling pressure. However, this could also signal capitulation if buyers step in near support levels.
4. Moving Averages:
The price is trading significantly below the 200-day moving average, confirming bearish sentiment.
Short-term moving averages (8 EMA, 21 EMA) are sloping downward, suggesting that bearish momentum may persist.
5. Dark Pool Activity:
Recent dark pool levels around 93.01 and 92.28 may act as resistance if the price attempts a rebound.
Additional dark pool levels at 80.24 and 79.15 suggest institutional interest, making this area a critical support zone.
Trade Setup:
Scenario 1: Bearish Continuation
Trigger: If the price fails to reclaim the 92.28 resistance level and continues lower, the bearish trend is likely to persist.
Profit Targets:
87.00: Immediate short-term target.
80.24-79.15: Strong support zone with significant institutional interest.
75.00: Longer-term bearish target.
Stop-Loss: Above 93.50, as a break above this level would signal potential bullish recovery.
Scenario 2: Bullish Reversal
Trigger: A breakout above 92.28, accompanied by strong volume, would signal a potential reversal or relief rally.
Profit Targets:
95.79: Resistance near the 200-day moving average.
98.60: Strong resistance zone near recent highs.
Stop-Loss: Below 87.00, as a failure to hold this level would invalidate the bullish setup.
Scenario 3: Range-Bound Consolidation
If the price consolidates between 87.00 and 92.28, consider:
Long positions near 87.00, targeting 92.28.
Short positions near 92.28, targeting 87.00.
Volume and candlestick patterns will help confirm the direction of the breakout.
Final Thoughts:
Short-Term Outlook: Bearish momentum is strong, with the immediate downside target at 87.00. If this level breaks, watch for a move toward 80.24-79.15.
Long-Term Outlook: The dark pool levels near 80.24-79.15 suggest strong institutional support. If the price reaches this zone, it could provide a significant buying opportunity for long-term investors.
$NIO Trading AnalysisThe chart showcases NIO Inc. in a prolonged downtrend, characterized by a sequence of lower highs and lower lows over the past year. Recently, the price appears to be forming a base near key support levels, suggesting potential consolidation or a reversal. The chart integrates multiple technical indicators, including pivot points, dark pool activity, volume, trendlines, and moving averages.
Key Observations:
1. Trend Analysis:
Prolonged Downtrend:
The red descending trendline highlights a series of lower highs (LH) since the beginning of the year.
The price has struggled to break above key resistance levels, maintaining a bearish bias.
Short-Term Consolidation:
The price is currently consolidating near 4.50, supported by the green ascending trendline. This suggests a potential shift in momentum if buyers step in.
2. Support and Resistance Levels:
Resistance Levels:
4.77-5.00: Immediate resistance zone aligned with multiple dark pool prints and a prior pivot level.
5.79: Key swing high resistance level.
6.15-6.68: Long-term resistance near pivot R3 and R4.
7.11 (R5): A significant level marking a potential breakout zone if bullish momentum accelerates.
Support Levels:
4.50-4.52: Current consolidation zone and a cluster of dark pool prints, providing immediate support.
4.28 (S1): Recent swing low, offering additional support.
4.02-3.69: Deeper support levels, with 3.69 marking a historical low.
3. Volume Analysis:
Increased volume near 4.50-4.77 suggests institutional interest or accumulation in this area.
Declining volume on recent pullbacks indicates weakening bearish momentum, a bullish signal for potential reversal.
4. Moving Averages:
The price is hovering below the 8 EMA and 21 EMA, indicating short-term bearish pressure.
A decisive break above these moving averages would signal a potential trend reversal.
5. Dark Pool Activity:
Significant dark pool levels are clustered between 4.52 and 4.77, which could act as strong support or resistance depending on price action.
Above this, dark pool levels near 6.15 and 6.68 highlight potential targets in a bullish breakout scenario.
Trade Setup:
Scenario 1: Bullish Reversal from Current Levels
Trigger: A breakout above 4.77 with strong volume would confirm bullish momentum.
Profit Targets:
5.00: Psychological level and minor resistance.
5.79: Key swing resistance and a long-term target.
6.15-6.68: Cluster of dark pool levels and pivot resistance zones.
Stop-Loss: Below 4.28, as a break under this level invalidates the bullish setup.
Scenario 2: Bearish Breakdown Below 4.50
Trigger: A daily close below 4.50, confirmed by increased volume, signals further downside.
Profit Targets:
4.28 (S1): Immediate support level.
4.02-3.69: Long-term support zones and historical lows.
3.50 or lower: In case of capitulation, watch for deeper bearish targets.
Stop-Loss: Above 4.77, as a reversal above this level would indicate bullish recovery.
Scenario 3: Range-Bound Consolidation
If the price remains range-bound between 4.50-4.77, traders can:
Look for breakouts above 4.77 for bullish entries.
Look for breakdowns below 4.50 for bearish entries.
Target mid-range levels for quick scalping opportunities.
Final Thoughts:
Short-Term Outlook: The 4.50-4.77 zone is critical. A breakout above 4.77 favors bullish momentum, while a breakdown below 4.50 opens the door for further downside.
Long-Term Outlook: The green ascending trendline and accumulation near dark pool levels suggest that institutional buyers may be stepping in. If the price holds above 4.50, this could mark the beginning of a new uptrend.
ETH thesis by Titan_KarmaEthereum Investment Thesis
Market Overview
Ethereum (ETH) is trading at $3,431.65, indicating potential for upward momentum. The recommendation is to OPEN LONG positions, supported by a favorable risk-reward setup and moderate confidence in a bullish trajectory.
Key Technical Indicators
Stop-loss: Set at $3,200.00, providing downside protection against unexpected price drops.
Take-profit: Targeted at $3,600.00, aligning with a strong resistance level and maximizing potential gains.
Exit Point: Positioned at $3,500.00, offering a prudent level for partial profit-taking.
Confidence Level
The confidence level for this strategy is 75%, reflecting cautious optimism. The technical and fundamental indicators support an upward trend, though volatility requires close monitoring.
Correlation with BTC
Ethereum shows a neutral correlation with Bitcoin (0.02), suggesting its price movement is minimally influenced by BTC. This allows ETH to follow its own market dynamics.
Position Analysis
Open Long Positions: None currently, presenting an opportunity to take advantage of the recommended strategy.
Open Short Positions: None, indicating a lack of bearish sentiment.
Risk Management Strategy
Entry at the current price of $3,431.65 is ideal to capitalize on potential gains.
A well-placed stop-loss at $3,200.00 minimizes risk in case of downside volatility.
The take-profit level at $3,600.00 provides an attractive target, while the exit point at $3,500.00 ensures partial profit-taking to secure gains.
Recommendation
OPEN LONG positions near the current price, aiming for a take-profit level of $3,600.00. The combination of technical support and moderate confidence in the bullish scenario supports this strategy. Traders should remain vigilant for any changes in sentiment or technical indicators that might influence price movements.
BTC thesis by Titan_KarmaBitcoin Investment Thesis
Market Analysis
Bitcoin (BTC) is currently trading at $96,938.18, showing potential for bullish momentum. The recommendation is to OPEN LONG positions, supported by technical and market indicators suggesting upside potential.
Key Technical Indicators
Stop-loss: Positioned at $95,000.00, providing a safety net against sudden price drops while allowing room for market fluctuations.
Take-profit: Targeted at $103,000.00, aligning with recent resistance levels for an optimal risk-reward ratio.
Exit Point: Set at $100,000.00, offering a balanced opportunity for securing partial profits before hitting the take-profit level.
Confidence Level
With a confidence level of 75%, this strategy reflects cautious optimism. While the data supports a bullish move, traders should remain vigilant due to the neutral correlation and market volatility.
Correlation with BTC
The neutral correlation (0.00) indicates BTC is moving independently, unaffected by broader market dynamics or external asset influences.
Position Analysis
Open Long Positions: None currently, presenting an opportunity to capitalize on the suggested strategy.
Open Short Positions: None, indicating no significant bearish sentiment in the market.
Risk Management Strategy
Entry should occur near the current price of $96,938.18, with a well-defined stop-loss at $95,000.00 to minimize downside risk.
The take-profit at $103,000.00 provides an attractive upside, and the exit point at $100,000.00 allows for partial profit-taking.
Maintain flexibility to adjust the stop-loss and take-profit levels based on evolving market conditions.
Recommendation
OPEN LONG positions near the current price, targeting the upper resistance level at $103,000.00. The neutral correlation and technical setup support this strategy, but traders should monitor the market closely for sudden shifts in sentiment or price action.
Tesla’s Next Big Move: Here’s What to WatchQuick Tip:
If you’re on a losing streak—three trades down—it’s okay to take a break. Don’t let FOMO (fear of missing out) get to you! Set a timer for 15 minutes, step away from your screen, and do something else. Go for a walk, change rooms, or just breathe. No charts for those 15 minutes. You’ll come back clearer and ready to make better decisions.
What’s Up With Tesla?
Tesla ( NASDAQ:TSLA ) is at a crossroads, and things could get interesting soon. Here’s what to watch for:
1) If Tesla breaks above $440:
We could see the stock climb toward $544, which would be a strong move for the bulls.
2) If Tesla drops below $417:
It might head down to $389 or even lower, so be cautious.
Keep it simple: watch these levels, stay patient, and let the market show you where it’s going.
Kris/Mindbloome Exchange
Trade What You See
XAUUSD - continuation sells? What about Pullbacks?Here is our in-depth view and update on XAUUSD . Potential opportunities and what to look out for.
XAUUSD is currently trading at around 2605 .
We are still following our long-term analysis on XAUUSD which was posted on November 27th (almost a month ago).
Last time, we took a step back and took a look at XAUUSD from a bigger perspective (H4 time-frame). We are now using H1 to show you possible outcomes we might have in play.
Overall XAUUSD is still extremely bearish . We could see the following scenarios happen.
Scenario 1: SELL from 2620
We could see a potential pullback to 2620, which was respected last time we made a pullback from the massive drop on XAUUSD. This would give us an amazing entry for further gold sells.
Scenario 2: SELL from 2633
A deeper pullback could happen if we break to the upside from 2620. Entering in 2633 would give us an amazing opportunity to hop into sells and hold it long-term, still targeting the 2480 level.
Scenario 3: SELL from 2590
Breaks below 2590 would result in more sells on the pair. As we failed to break to the upside that would confirm the 2620 being the “pullback area” and we will most likely continue to the downside. We would be targeting 2550 and possible breaks of it. If 2550 would be broken we could start seeing more extreme sells on XAUUSD.
Personal opinion:
The direction for now is bearish in our opinion. We are looking for sells and we do believe gold could see some more sell-offs in December before the year of 2024 ends.
KEY NOTES
- XAUUSD is overall bearish.
- XAUUSD sells are valid from key pullback areas 2620 and 2633.
- XAUUSD breaks below 2590 would also confirm further sells.
Happy trading!
FxPocket
After the US pivoted monetary policy : ??At the beginning of the trading session on December 19 (US time), the world gold price continued to decrease after the US announced the number of unemployment benefit applications was 220,000, down from the forecast of 230,000 applications. This prompted the US Federal Reserve (Fed) to slow down the process of cutting interest rates in the future.
Previously, gold investors were disappointed when the Fed sent out an unfavorable signal right after the monetary policy meeting on December 18. The US Central Bank issued a new forecast, showing that there will be 2 rounds of 25 basis point interest rate cuts next year.
According to independent metal trader Tai Wong, Fed Chairman Jerome Powell revealed that he will slow down the process of cutting interest rates in the context of persistent inflation.
This message from the Fed will make the gold price trend worse in the long term.
According to analysts, the gold market has been volatile at times after the US pivoted its monetary policy. Specifically, the FED is expected to cut interest rates by a total of 0.5 percentage points only twice in 2025. This is a big change compared to the FED's announcement in September 2024 that there would be 4 interest rate cuts next year. This move has stimulated a very strong increase in the price of the USD and US bond interest rates.
Because gold is priced in USD, when the "health" of this currency is stronger, it will put pressure on the price of this precious metal. Higher US bond interest rates have attracted investors to put capital into bonds, reducing demand for gold.
#GOLD READY FOR A PULL BACK ...XAU/USD is showing signs of exhaustion near resistance, suggesting a potential pullback could be on the horizon. Traders should keep an eye on key levels for confirmation, as the price could retest lower support zones. A retracement here might offer fresh buying opportunities if the overall uptrend remains intact. Stay alert for breakout or reversal signals to plan your next move effectively!
#ETHEREUM - BUY THE DIP LIKE A CHILL GUY ?Is now a good time to go long on Ethereum?
Looking at the Fibonacci levels, we can see that Ethereum has just bounced off the golden pocket. This could signal a strong potential for upward momentum.
Here’s my idea:
1. Enter a long position here and aim to hold until the 1.618 Fibonacci extension level.
2. Along the way, consider scaling into the trade at key retracements to maximize gains while managing risk effectively.
What are your thoughts? Would you take this trade, or do you see other opportunities forming? Let’s discuss below!
Gold price analysis December 19⭐️Fundamental Analysis
Gold prices fell sharply due to the impact of the Fed's less dovish outlook.
Fed Chairman Powell emphasized cautious policy in the context of ongoing high inflation risks.
The Fed forecasts inflation target to reach 2% in the next 1-2 years, indicating slow progress.
The latest dot chart shows few interest rate cuts until 2026, stabilizing the Fed funds rate at 3.4%.
⭐️Technical Analysis
Gold prices fell to the 2685 area and were accepted by buyers to push prices up around 2610 in the Asian session. If the European session fails to break 2613, Gold will continue to fall in the European session and the destination is relatively far away at 2585-2558. In case the resistance zone at 2613 is broken, the direction is towards 2633, which is the first corrective wave SELL zone and the second corrective wave SELL zone around 2663
BITCOIN → Bearish Pressure !!!Bitcoin has formed a bearish head and shoulders pattern on the hourly time frame. This pattern could potentially lead to a price drop to around $99,000 after the pattern breaks.
But as long as this pattern does not break, we cannot say that the price is bearish. Therefore, we should wait for this pattern to break to confirm a bearish trend.
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.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
NZDJPY: Finally a Bullish Confirmation?! 🇳🇿🇯🇵
Update for my recent post for NZDJPY.
The pair finally looks bullish after a test of a key daily support.
My confirmation signals are a double bottom pattern and
a bullish imbalance candle on an hourly time frame.
We can expect growth at least to 87.8
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GBPCAD: Bullish Move After Breakout 🇬🇧🇨🇦
GBPCAD broke and closed above a significant daily resistance
cluster based on the year's high.
The broken structure turned into support.
Retesting that, the price formed a tiny cup & handle pattern
on an hourly time frame.
I decided to open a long trade on a retest of its broken neckline.
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Bitcoin Outlook after the Dip. What to expect NOW?if Bitcoin cannot hold the $130,000 range, the price could drop to around $100,000 or even lower. After that, it can continue its growth again.
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.💚
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
World gold price todayGold prices continued to weaken today due to stronger-than-expected important US economic news. The US retail sales report for November showed an increase of 0.7%, 0.2 percentage points higher than the forecast increase of 0.5%.
This information made some gold investors worry that the FED may postpone the 0.25 percentage point interest rate cut after the end of the monetary policy meeting in the early morning of December 19. Since then, many people have temporarily stopped trading gold.
On the other hand, gold is also likely to have limited purchasing power due to some forecasts of rising inflation in the US, a slowing labor market..., prompting the FED to stop cutting interest rates early in 2025. At that time, the USD could increase in value very strongly, negatively affecting the world gold price trend.
The question now is whether the Fed will be more hawkish or dovish than the market has been expecting. Investors are now expecting the Fed to be more cautious in easing monetary policy, given the impact of Donald Trump’s agenda on inflation.
Swing thesis by Titan_Karma (low % of confidence lvl)Investment Thesis
Market Overview:
The cryptocurrency market is currently quiet, with no significant news driving sentiment. This leaves Bitcoin (BTC) dependent on technical and financial indicators for direction. Traders should adopt a cautious approach and stay updated for any developments that could shift momentum.
Market Sentiment Analysis:
Bullish Long-term Sentiment: Over the past month, an increase in long positions indicates confidence among top traders.
Short-term Weakness: 1-hour and 4-hour timeframes reveal a shift towards short positions, signaling bearish sentiment in the immediate term. This mixed outlook suggests the possibility of short-term pullbacks while maintaining an overall positive trajectory.
Technical Analysis:
Daily Chart: Indicators like the RSI and Stochastic Oscillator are in overbought territory, hinting at a potential pullback or consolidation. However, the MACD remains positive, showing that bullish momentum is still in play.
Short-term Timeframes (1h & 4h): RSI levels are near neutral, and the 1-hour MACD has turned negative, signaling possible weakness in the short term. Traders should monitor these indicators closely for trend changes.
Fundamental Analysis:
BTC has shown strong upward momentum over the past few months, backed by rising trading volumes and sustained market interest. However, the absence of fresh news and current mixed signals warrant caution, particularly around potential resistance levels.
Risk Management Strategy:
Given the conflicting signals:
Stop-loss: Tighten stops at $104,000 to lock in profits.
Take-profit: Aim for $110,000, based on key resistance levels.
Key Indicators: Watch the RSI and MACD closely for any signs of trend continuation or reversal.
Trade Recommendation:
The recommendation is to HOLD/BUY, focusing on the longer-term bullish trend while managing short-term volatility. Confidence remains moderate at 78%, reflecting mixed sentiment. Adjust stop-loss and take-profit targets based on real-time market developments to optimize risk-reward.
BTC/USDT SHORT TERM TARGET AND IMPORTANT SUPPORT LEVELS!!!Bitcoin's surge towards $112,000 excites investors, but caution is warranted. Strong weekly closes fuel optimism, yet corrections loom. Support levels at $92,690, $92,551, $83,470, and $74,541 offer potential buying opportunities. The 5EMA suggests short-term strength, with prices above the moving average.
However, this rally presents a problem for altcoins. Bitcoin's non-bearish dominance stifles their growth potential. Typically, altcoins thrive when Bitcoin's dominance wanes or stabilizes. This creates a dilemma for diversified crypto portfolios.
The solution? Monitor Bitcoin's dominance closely. A shift could spark altcoin momentum. Meanwhile, focus on Bitcoin's journey, using support levels as guideposts. If breached, watch $55,017 for a possible trend reversal. Adapt strategies as market dynamics unfold.
Gold price forecast December 17, 2024World gold prices increased slightly as the USD dropped. Recorded at 9:45 am on December 17, the US Dollar Index measuring the fluctuation of the greenback with 6 major currencies was at 106,470 points (down 0.08%).
The gold market is cautious as investors prepare to receive the decision of the US Federal Reserve (FED), which is expected to reduce interest rates with a "hawkish" message after the monetary policy meeting. last of the year.
Although gold prices maintained a sideways trend ahead of Wednesday's decision, one analyst said the message from the Fed could lead to a larger correction in the precious metals market.
This medium-term upward trend is mainly driven by new economic policies, including deeper corporate tax cuts and increased tariffs on imports to the US. These policies could cause inflation to increase in 2025 and beyond.
Wong also highlighted that real yields on the 10-year note have rebounded sharply after testing the 1.9% support level last week. If it increases to 2.29%, the opportunity cost of holding gold will be higher, making gold less attractive to investors.