REGN is oversold (the most since 1998)🐂 Trade Idea: Long - REGN
🔥 Account Risk: 20.00%
📈 Recommended Product: Stock
🔍 Entry: +/- 738.00
🐿 DCA: No
😫 Stop-Loss: 660.00
🎯 Take-Profit #1: 1,200.00 (50%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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REGN is completely oversold (in fear of RFK) and so is the rest of the Pharma sector as well. Nevertheless, REGN is still printing money with double digit growth every year. The fear over political decisions in the US should be used to buy the Pharma sector. The last time REGN was that oversold was in 1998! For me, it is Novo and Regeneron. Both are long-term trades for several months. Upside potential is huge over the next 6 months.
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Disclaimer & Disclosures pursuant to §34b WpHG
The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.
Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
Trendlineanalysis
XRP $3.00 - 25% Within HoursRipple / XRP is currently one of the coins with the most momentum. As we all know, this is very important for trend following models. As you can see, XRP holds the current trend line and repeats a pattern it already did two times within this short bullish trend. As $3 is a very important mark (and a round number too) I assume we will see a 25% move within hours (at max. a few days).
I’d love to hear your thoughts and predictions. Where do you see XRP heading in the next hours to days? Let’s discuss below!
DOGE to ATH ($0.74) - 35% within Hours to Days!Our first altcoin season of this crypto cycle is currently underway and BINANCE:DOGEUSDT is profitting from it. After rising over 200% within days DOGE is at the end of its consolidation period and nearing a potential breakout which could pump the coin to it's all-time high at around $0.74. Based on the ascending triangle setup we should at least get 35% within the next hours to days.
Current support zones:
$0.42
$0.40
I’d love to hear your thoughts and predictions. Where do you see XRP heading in the next hours to days? Let’s discuss below!
GBPUSD → Channel breakout. Attempt to change the trendFX:GBPUSD finds an opportunity to grow. A breakout of the local trend resistance is forming amid the dollar correction. Zones of interest: 1.300
The retest of the intermediate bottom ends with reversal candlestick patterns and market reversal structure. The big question is: How long will it last? It all depends on the dollar. The US market received negative jobless claims data yesterday, which may also affect the NFP, which will be released later today. A worse-than-expected data will intensify the dollar correction, pointing to the problems in the economy (against what Powell said recently). In such a scenario, forex currencies may get a chance for a small rally.
Technically, a channel breakout is a good signal that could turn into a strong momentum, but apparently traders are not in a hurry yet....
Resistance levels: 1.284, 1.300
Support levels: 1.272, 1.261, 1.2488
Accordingly, if a false breakout of resistance is formed and the price falls beyond 1.272, then we should expect a decline to 1.24. But at the moment there are positive signs to gain from 1.275 to 1.300 in the medium term.
BITCOIN $250K - Get Ready to Get RichHello everyone!
Today, I’m excited to dive into my latest analysis of the Bitcoin cycle, showcased through a weekly view chart that breaks away from conventional wisdom. Rather than adhering to the often-disputed parabolic curves that have been a staple in crypto charts since 2017—curves which have consistently either underperformed or overshot the mark—I'm bringing something different.
My analysis is based on a trend line that I've meticulously tracked since 2013. This line has proven incredibly resilient, never once being undercut as of now in 2024. This steadfast pattern leads me to an ambitious yet attainable target: Bitcoin reaching USD 250,000. This projection suggests more than a doubling from our current position within this cycle’s parabolic phase.
Interestingly, the duration of these parabolic phases has been extending with each cycle:
427 days in 2013,
525 days in 2017,
567 days in 2021.
Based on this pattern, I anticipate the current cycle will span approximately 600 days, concluding around the end of 2025.
I’d love to hear your thoughts and predictions. Where do you see Bitcoin heading in this cycle? Let’s discuss below!
Ferrari - Don't Miss Out on 50% ROI!Very strong setup here. Ferrari respects the SMA200 for years and did touch the SMA200 and bounce from it. It also respected the current trendline and the SMA200 and trendline bounce did happen at the 23rd Fib retrace level. Very bullish setup.
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🐂 Trade Idea: Long - RACE
🔥 Account Risk: 20.00%
📈 Recommended Product: Stock
🔍 Entry: +/- 426,00
🐿 DCA: No
😫 Stop-Loss: 390,00
🎯 Take-Profit #1: 600.00 (50%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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Ferrari is a super strong brand. Backlog is huge and current waiting time is measured in years not months. Luxury stocks were punished during the last months because of fear of growth and a weak consumer but Ferrari is somewhat else. Misconceptions regarding shipments and China are putting pressure on Ferrari's shares since the third-quarter announcement. Nevertheless, the shipments' decline is a result of an ERP transition, and the reduction in China is intentional.
Don't forget, people who buy Ferraris do not care about inflation or the economic situation of a country. Also, you can't lease a Ferrari, you can only buy it. This gives the manufacturer a strong cashflow. In addition, Ferrari's unique market position, strong brand, and prudent management justify its high valuation and promise market-beating returns.
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Disclaimer & Disclosures pursuant to §34b WpHG
The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.
Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
BTC - Strong Historical Resistance at $107,000 USD. Bitcoin is currently hovering just below a historically strong resistance point which has existed going all the way back to the December 2017 high. On this current cycle, that level is $107,000 USD. If its going to break that resistance for the first time in almost 10 years its going to take a lot of smart money to do so.
Be careful going long here. If you were going to make a bet at this level, short BTC would have a higher probability of success.
On the other hand, if BTC is going to break this historical resistance line, it would be during this cycle, so don't count it out. I'm a long term holder so I'm not sweating it, but this price level is not the place to make crazy bets in my opinion.
Trade with caution. Watch the news and ask yourself, why do they want me to think one way or the other and if I take their view how would that benefit me. How would it benefit them?
$BNB Big Pumping Road to $1K & Target Point 2 Done see on chart.✨ BINANCE:BNBUSDT Big Pumping Road to MIL:1K & Target Point 2 Done see on chart
CRYPTOCAP:BNB Price now $780 and waiting for Target Point 3
BNB Hits $779 All-Time High Amid 18.5% Price Surge.
BNB has soared to an all-time high of $779, with its current price at $771, reflecting a 24- hour gain of 18.5%, according to CoinMarketCap. The surge marks a strong upward trend, showcasing BNB's resilience and appeal to investors amid heightened activity in the cryptocurrency market.
BNB has also recorded $5.82 billion in 24-hour trading volume with a 132% surge and reached a $111 billion market cap. This price surge has caused significant market liquidations, with $4.5 million worth of shorts positions being liquidated.
Last month, BNB saw a significant shift in momentum, breaking through an 8-month resistance block between $572 and $619. Although it initially faced challenges at the $658 resistance, the altcoin managed to overcome it in the past 24 hours, igniting renewed bullish sentiment. This breakout signals strong upward momentum for BNB.
With the recent surge, BNB has reached a new all-time high and is now eyeing $800 as the next key resistance and support level. If the bullish momentum persists, a move toward $800 seems feasible, reflecting an optimistic outlook for the altcoin’s price trajectory.
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
XrpUsd - The beginning of the end?BITSTAMP:XRPUSD is actually attempting to invalidate my long term bullish case scenario.
Trading cryptocurrencies in general is not easy. You always experience two digit moves in single days and drops of -10% are never easy to digest. Looking at the higher timeframes is key though, also on XrpUsd. XrpUsd is still trading in the triangle formation and retesting the last bullish inflection point. My general optimism tells me that we will see a bullish rejection here.
Levels to watch: $0.42
Keep your long term vision,
Philip - BasicTrading
Gold (XAUUSD) ShortThis is not an financial advice. This is just my observation.
1. Gold is obviously bearish and the price is on its correction way.
2. Based on Elliot, the A and B wave has been completed and we are now in the wave C. In the wave C, the first and second waves are almost done and we are going to enter wave 3. The 2/C is reached to 50% correction. However, I have to admit that On Friday I expected that price should reach 2670 (on of the strangest price resistance level). On 4H time frame, yesterday price crossed down the EMA 200 which can be considered as an entry signal.
3. For long term (I think until next Fed reserve rate announcement, unless other news interrupt) price should meet about 2470, although more bearish is also possible. After 2470, I suppose we should look for a bullish signal. Until then, we have some minor SR levels, expectedly on about 2568, 2515.
I am looking forward for your comments.
Bests,
Catching the TransMedics Group - $TMDX Falling KnifeTransMedics Group - NASDAQ:TMDX
For current and new shareholders here is your buying range for this company.
This could be the bounce that sends us back towards ATH's. But, if we were to fall lower I think it would be capped out around the 200MA.
DCA Buying Range: $55-$90
AVP GAP Fill to $134
NFA
How to Trend Trade & Why I Avoid Trading Fridays & Mondays 👀👉 In this video, I take you through a detailed breakdown of my trend continuation strategy with the EURJPY. 🔍 We’ll explore key concepts like trend analysis, price action, and market structure, and I’ll share a simple yet highly effective method for identifying the best trade entry points. ✅ I’ll also explain why I choose to avoid trading on Mondays and Fridays and how this approach helps refine my trading discipline. ⚠️ Disclaimer: This video is for informational purposes only and is not financial advice. ⚠️
EURCAD shortShorts on EURCAD could be a nice play depending on how we approach our supply zone. I have 3 zones currently marked out but the first one was a previous structure point and had a little bit of accumulation so I have a higher confidence in that one holding. Will be waiting for lower timeframe entry after price arrives at the zone.
BEML @ Make or Break pointBEML CMP: 3791.20; RSI: 40.01;
BEML has near completion of ABC correction wave (Shown Elongated Flat with Irregular Failure pattern). Basis above chart reading, now BEML has entered time correction zone and may consolidate in band of 4280-3430 , which may last till Jan 2025.
If the consolidation band is broken upwards ( 3 day closing above 4280 level) , which may take the script in price expansion mode and new wave formation will take the script to 4604-5052 & finally to 6234 levels.
Breakdown below the lower band of consolidation zone and close below 3430, will invalidate the ABC pattern counting and script may slip to 3157 and if this level is broken eventually will find support at 2710 levels.
Scenario 1: Breakout above 4280
Buy above: 4280
Stop Loss: 3881
Target: 4604-5052-6234
Scenario 2: Breakout below 3430
Short: 3312
Stop Loss: 3430
Target: 3157 -2710
✅ FOR MORE TRADING IDEAS LIKE THIS, PLEASE LIKE, SHARE, AND FOLLOW MY IDEA STREAM ✅
Gold Long Term Analysis Nov 15I published some trend analysis using the adaptive trend finder 2 weeks ago. I wanted to revisit this given the eventful couple of weeks we've had.
The previous analysis highlighted an ultra-strong uptrend over the previous 20 weeks on the weekly chart. Prior to the election, the rally in gold the price showed little sign of slowing down. In the last two weeks we've seen a fall in the gold price of 1.9% and 4.5% (the largest drop since 2021). Apart from the obvious, there appears to be several factors leading to the drop.
Donal trump's emphatic win and a number of his stated policies that could see interest rates stay higher for longer (think tarrifs, tax cuts)
Economic data that came in inline with expectations
A rate cut that had already been fully priced in
Essentially, the gold price is being weighed down by expectations on policies that are potentially months aways and stronger than exepected economic data. Jerome Powell also indicated in his speech that the Fed sees the pace of rate cuts slowing down in the near future.
Whilst higher inflation is typically seen as a positive for the gold price (gold as an 'inflation hedge'). Higher inflation is accompanied by higher interest rates which act as a negative for the non-yielding asset.
Last week's close broke the established 20 week price trend there is, however, a longer term trend that can be observed over the last 60 weeks. Last week's closing price respects this trend. Whilst the expectation of a technical correction hadn't eventuated, we may find that this is the bottom of the dip as long as there is not further negative news for gold. Central Bank and ETF demand is still strong. A shift from gold to risk assets following the Trump election does remain a risk for the short-term gold price.
There are a couple of key resistance points to watch this week to understand whether this is the bottom of the dip. I'll explore this in another post.
GBPCAD can we see higher bearish push
GBPCAD higly good price action structure, price touch trend lines 2 times, we have visible and SYMMETRICAL TRIANGL inside trend lines-zone and CHANNEL pattern is visible its be breaked today.
Currently here bearish push still expecting till next long term trend line
SUP zone: 1.80200
RES zone: 1.77600, 1.77000
Range breakout | Impulse of bull starthi Traders,
1. The swing formation is solid
2. BEL has taken the ascending trend line support.
3. The the range bound is weekly has broke upward, leading to impulse wave of bull trend.
4. Projected Target 1 and Target 2 with 20% and 40% returns from the CMP with 1:81 and 1:4.01 risk reward ratio respectively.
Coca Cola - A Clear Trading Setup!Coca Cola ( NYSE:KO ) will provide a textbook setup soon:
Click chart above to see the detailed analysis👆🏻
Coca Cola is one of these "under the radar" stocks which is just trending higher and higher but nobody is really paying attention. However currently Coca Cola is retesting a resistance trendline of the governing rising channel pattern so a short term retracement is quite likely.
Levels to watch: $72, $65
Keep your long term vision,
Philip (BasicTrading)
BTC 4h-48 long forecastBTC looks very bullish on almost any timeframe. structure tells us we could have a pullback soon into unmitigated MB's which act as large SnD zones for those who dont know. MB's tend to have a high % of being mitigated before the long trend can continue. they get mitigated to cover the institutional shorts that made that last move down to liquidate any longs before the pump happened. Of course there isnt always a mitigation and this could very well continue upwards without any for of mitigation but that is something we shouldnt trade as there is very limited RR to capitalize on.
Analysis: Key Levels to Watch for Short and Long OpportunitiesI'm watching the Nasdaq closely as it approaches a critical decision point. In this analysis, I’ll outline two potential scenarios, including both short and long trade ideas based on the confluence of key technical levels.
Current Setup and Key Level: 20,320
Right now, the 20,320 level is my primary focus. This level aligns with:
The 38.2% Fibonacci retracement of the recent downtrend, suggesting potential resistance.
The VWAP (Volume-Weighted Average Price), which is acting as a dynamic resistance level.
This confluence makes 20,320 a critical resistance zone, where the market might either reverse or push through, setting the tone for the next significant move.
Scenario 1: Short Opportunity at 20,320 Resistance
If the price approaches 20,320 and shows signs of rejection (like a bearish candle pattern), I’m looking to take a short position at this level. Here’s why:
Fibonacci & VWAP Confluence: The alignment of the 38.2% Fib level with the VWAP reinforces this level as a strong potential resistance.
Risk Management: I would place a stop-loss above the 50% Fib level (around 20,400) to manage risk if the price breaks higher.
Targets: My initial target would be around the 20,000 level. If this breaks, I anticipate a stronger move downward due to potential stop-losses being triggered below 20,000 (more on that below).
Note on Stop-Loss Clusters: I believe many traders might have their stops placed just below the 20,000 mark. If the price breaks below this level, we could see a quick, momentum-driven move lower as these stops are triggered, potentially driving price toward deeper levels.
Scenario 2: Bullish Break Above 20,320
If the price breaks above 20,320 and holds above both the VWAP and the 38.2% Fib level, it could signal a bullish shift. Here’s what I’m looking for in this scenario:
Confirmation Above VWAP and Fib Level: A strong break and close above these levels would indicate that bulls are taking control and might push for higher retracement levels.
Potential Targets: In this scenario, I’d look for the price to move towards the 50% Fibonacci level (around 20,400) as the next resistance, followed by the 61.8% level near 20,500 if momentum holds.
Invalidation for Shorts: A decisive break and hold above 20,320 would invalidate the short setup. If this happens, I’ll look for potential long entries on a pullback to the VWAP or 38.2% Fib as support, with stops below these levels to manage risk.
Conclusion
The 20,320 area is the key level to watch here, with potential for both short and long setups:
Short Scenario: Look for rejection at 20,320 to target a move down to 20,000, with a possible extension lower if the 20,000 support breaks.
Long Scenario: A break above 20,320 could open the door for further upside, with potential targets around 20,400 and 20,500.
This setup combines technical indicators with price psychology, as stops clustered around the 20,000 level may drive significant moves if that support level is breached. I'll be monitoring how the price reacts to 20,320 closely for confirmation of either setup.
Let me know if you see anything differently or if you have any questions. Happy trading!
$SPY tough spot right now, but there's still a glimmer of hope!On the daily chart, there are three bearish signals without even considering indicators:
1. Price is below the EMAs.
2. With a gap down.
3. From a coil spring.
On the weekly chart, the trend remains intact. However, if we drop below the fast EMA, a significant test will be the slow EMA.
The key level to watch is the low of the daily channel line at $554, which aligns with the weekly slow EMA at approximately $551. For me, that represents the definitive line in the sand for SPY.