Here’s a bullish scenario for 2025: BTC.D Weekly Chart - a pattern that often precedes an Altcoin season. Prediction: It might occur in January next year.
Been charting this for a while and had this as a significant level and looking like a bounce on it, just my thoughts.
Seeing this H&S forming on NVDA. Technicals showing a potential correction down to $110. This price prediction was made by measuring from the head down to the neckline. With recent FOMC reaction will this be possible? If anyone has fundamentals of the overall AI market for the short term id love to hear your input.
GJ retesting previous highs, will be looking for rejections around this area to enter buys.
Tesla (TSLA) - Short Setup Looking at Tesla on the 1-hour chart, we are observing a potential bearish scenario. The price has retraced into the 0.618 - 0.786 Fibonacci zone, forming a reversal structure in line with Elliott Wave principles. This zone coincides with the prior breakdown level, making it a critical area of interest. Trade Details: - Entry: $462.27 - Stop-loss: $476.65 Targets: - Target 1: $403.07 - Target 2: $360.66 Analysis: The current bearish impulse indicates a possible continuation to the downside. With the first target near $403.07 (0.236 extension), this area will be watched closely. If momentum persists, we could see a push toward $360.66, aligning with the -0.382 extension.
Will December Be Good for Bitcoin? A Look at Past Trends As December approaches, Bitcoin traders often wonder if this month will be positive for crypto or if it will end in losses. Let's look at how Bitcoin has performed each December for the past 10 years: Bitcoin's December Trends (2013–2023) 2013: Started at ~$1,000 and ended at ~$750 (-25%). Early excitement faded due to profit-taking and worries about Mt. Gox. 2014: Started at ~$375 and ended at ~$320 (-15%). The Mt. Gox hack earlier in the year hurt confidence. 2015: Started at ~$360 and ended at ~$430 (+19%). Renewed optimism brought a small rally. 2016: Started at ~$740 and ended at ~$960 (+30%). This steady increase hinted at the big run in 2017. 2017: Started at ~$10,800 and ended at ~$14,000 (+30%). Bitcoin reached a peak mid-month but started a bear market by year-end. 2018: Started at ~$4,000 and ended at ~$3,800 (-5%). The market was down 80% from its peak. 2019: Started at ~$7,500 and ended at ~$7,200 (-4%). Modest losses as the market was stable. 2020: Started at ~$19,500 and ended at ~$29,000 (+48%). COVID-19 increased Bitcoin’s popularity, leading to big gains. 2021: Started at ~$57,000 and ended at ~$46,000 (-19%). Concerns about inflation led to a drop. 2022: Started at ~$17,000 and ended at ~$16,500 (-3%). The FTX collapse kept the market weak. 2023: Started at ~$40,000 and ended at ~$42,500 (+6%). A recovery year with modest gains. What to Watch for in December 2024 1. Federal Reserve Policy: An expected rate cut on December 18 has supported market optimism. A change in this plan could affect prices. 2. Institutional Investment: Bitcoin ETFs have gained popularity, attracting over $100 billion in 2024. 3. Market Sentiment: With Bitcoin above $100,000, the target is now $125,000, but volatility is possible. 4. Political Factors: President-elect Trump’s pro-crypto stance, with promises of favorable policies, adds to the market’s positive outlook. Looking to 2025 Bitcoin’s future looks promising with growing institutional and consumer interest, friendly regulations, and a supportive economic environment. While $108,000 is a milestone, many expect even higher prices as Bitcoin continues to evolve. As 2024 ends, traders can expect more action. Stay ready, watch the market, and best of luck in the new year.
Yesterday, EURUSD reached resistance levels and bounced back. This is the main direction following the news. If the previous low is broken, the support levels are 1,0329 and 1,0271. During periods of lower trading volumes, the price is more likely to continue trading sideways. In such situations, using the Volatility Trading System will bring the best results!
QCOM - stock breaking down of triangle pattern on daily time frame now testing key support at $150 which it held previously. Put trade idea looking good below that level. Below $150 we can see $125 and lower.
Accumulate with Stop Loss 5340 for TGT 1 - 5600, TGT 2 - 6400. Showing RSI Divergence and Base formation on Daily Chart. I am not SEBI Registered, just an educational view.
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