A wedge structure, consolidating price action forming on the BTC daily chart. I would generally consider this to be a bullish continuation pattern. There is the chance that it could break down of course. Volume is decreasing in the pattern which is further support of the idea. In general, these are sized up by the price difference between the opening end (left side) of the beginning of the wedge. It isn't possible to make an exact prediction until the breakout but roughly we should expect a $9,000+ breakout (up or down) once the wedge pattern is broken. Often there can be a retest of the wedge but it is a small wedge and BTC is overall really bullish right now, so I would expect it to just run again after the breakout.
A confirmed breakout above the redline will send it higher. TP1 and 2 are on the chart. NFA
? RUNE/BTC Analysis RUNE against Bitcoin is facing a historically important level that has reacted 8 times since 2020! ? This static level has acted as both support and resistance at different times. Right now, it's acting as resistance again, but if broken, there's a high chance it will turn into a strong support, potentially triggering a parabolic rise for RUNE against BTC! ? ? Additionally, there's a downward dynamic trendline acting as a ceiling, blocking upward movement. Breaking this line is also crucial for confirming strong bullish momentum. ✨ If RUNE breaks these key resistances, a strong pump and parabolic move in its price are highly likely! ?
NASDAQ:AAPL JUST made a new all time high and we are currently at price discovery! Any retrace toward $239’s - $238’s should be bought. There’s huge bullish momentum behind and this levels which aligns with previous highs, should hold. If for some reason we get a steeper retrace then re enter at around $230’s for the ideal ENTRY which is not guaranteed taking into account current price action.
NVDA has successfully reached its 2nd target at $143.60, showcasing strong bullish momentum. Key Levels: After breaking resistance at $139.25, the price steadily moved towards the next target. Next Steps: Monitor the price action near $148.52 for potential continuation towards higher levels or a pullback toward support at $139.25. Congratulations to those who traded this move! ?? Let’s watch for the next opportunity!
12/4/24 :: VROCKSTAR :: NASDAQ:BASE M&A tgt in '25 at this px... buy - really niche wrench in the tech toolbox product, don't love putting M&A into my investment thesis (b/c "great" if does, but it feels too "hopeful" to include these scenarios and i tend toward conservatism) - but realistically, 15% growth on the topline is inflation+ (the way i measure inflation not the teevee), check. gross margins of course phenom. bc it's HQ zero marginal cost software, 85%+ check. but EBITDA mgn while improving FO SHO, means it will take 2-3 y before we see some juice. and that's the oppty to roll it into something like an azure, aws etc. etc. - so what M&A does here is allow us to put a "floor" on the valuation given there's not much cash burn (a lot of SBC - but that's pretty std for a co of this size sub 700 mm EV at today's -23% stonk action), so i'm comfortable putting an asterisk on SBC in this case. - R&D of about 70 mm and assuming some de-risked, but nonetheless still cautious elements might be "discounted" (a lot goes into this comment btw so if u want more of my logic, comment below) at perhaps 15%. sub private equity 20% style returns, but above the 5-10% you'd see for HQ software that's not megacap. at 70/.15 = 450-500 mm. that's basically 2/3 of the company. my rule of thumb is typically that if u "value" the R&D and it's more than half the enterprise value (esp in a biz where cash burn is constrained and balance sheet is healthy - both checks here), you're buying sub fair value. - so the floor here is probably a $500 mm valuation which given the net cash situation means another 200 mm off the market cap or roughly 20-25% lower on the stock. that puts you near $12/13 a share. while things can always get ugly and trends can reverse that's practically the floor here IMO and anything under there would be considered free money pickup as we enter year-end and before another quarter. - so with that sort of downside, and upside... let's see: 5x sales today on EV probably "fair" but if we consider B2B being valued at 10x (larger names nonetheless) we could easily shoot in the middle and suggest 6x minimally which again is equivalent to the floor downside risk... and doesn't consider the CAGR sort of compounding of the revenue -> EBITDA in time. - so the risk/ reward is probably a 1.5 : 1 here. not *amazing*, but the sell off seems enough to finally pique my interest. - as you guys know i'm keeping cash balance high and not looking to really ape stuff. also the B2B stuff is ripping and for the stuff that's not... woof (like this). so if we get a pullback and then a re-rip, a ticker like this probably sinks lower and takes longer to see a recovery. for that reason i'm using some ITM calls, keeping exposure small. dec 20 15 C's (for the retrace/ but playing nimble) jan 17 15C's (as a substitute for building a position and allows me to get enough exposure to care, but not enough to care if we -15-20% lower from here and i can build an actual share position into YE). what do u think? V
XRP at buy zone of golden pocket and VAL. XRP has been ranging and waiting for the next push up. This could be an area to get on the XRP train before it takes off again.
This chart emphasizes the technical analysis that fuels the market - by identifying liquidity levels and areas of clear support and resistance we can see clearly what both buyers and sellers need to do on a LTF in order to achieve their HTF goals and reach their targets. Both sides want to go in their respective directions however both sides need to give up rope against them in order to continue in their direction - So the question is: who is giving up slack to who and on which time frame? We can assume in an uptrend that buyers are giving slack to the sellers (price moving down on a LTF) so that more buyers can step in and move price up on a HTF. We can surmise that that's what is happening on this chart when we see sustained bullish movement and controlled pullbacks toward new demand. In addition, the intentional creation of resistance and liquidity (cup N handles) prove this on a deeper more back-end level. Happy Trading :)
Trading Plan for Nifty – 05-Dec-2024 Intro: Previous Day's Chart Pattern Nifty on 04-Dec-2024 displayed mixed momentum, with a clear rejection from the upper resistance zone near ₹24,550 - 24,570. The Yellow trend highlighted a consolidation phase, the Green trend signaled bullish potential during upward retracements, and the Red trend indicated bearish pressure around resistance levels. Key levels such as ₹24,345 acted as support, while the intraday resistance remained prominent at ₹24,772. Plan for Different Opening Scenarios: 1. Gap-Up Opening (Above ₹24,647 by 100+ points) If Nifty opens significantly above ₹24,647: Key Resistance Levels: ₹24,772 and ₹24,804 will be the major zones to watch for profit booking and potential reversals. Action Plan: Allow the first 15–30 minutes for price discovery. Look for pullbacks near ₹24,647 for entry into long positions, with a stop loss below ₹24,612. Targets will be ₹24,772 and ₹24,804. Failure to Sustain Above ₹24,647: If prices fail to hold above ₹24,647, avoid longs and observe price action near ₹24,612 for re-entry possibilities. Risk Management: Tighten stop losses when approaching the resistance zone to secure profits. Avoid aggressive long positions unless the bullish trend sustains. 2. Flat Opening (Within ₹24,316 to ₹24,461) If Nifty opens near its previous close: Key Support and Resistance Levels: ₹24,345 serves as opening support, while ₹24,461 and ₹24,647 are the immediate resistance zones. Action Plan: Wait for a clear breakout or breakdown. Long positions can be initiated above ₹24,461, targeting ₹24,647 and ₹24,772, with a stop loss below ₹24,345. Short positions should be considered if the index breaks below ₹24,345, targeting ₹24,316 and ₹24,220, with a stop loss above ₹24,461. Risk Management: Trade cautiously within this range as the price may exhibit false breakouts. Use smaller position sizes during consolidation phases. 3. Gap-Down Opening (Below ₹24,345 by 100+ points) If Nifty opens below ₹24,316: Critical Support Levels: ₹24,220 will act as a critical support. Failure to sustain this level could lead to extended selling towards ₹24,100. Action Plan: Monitor the first 15–30 minutes. If prices rebound from ₹24,220, consider long positions for targets of ₹24,316 and ₹24,345, with a stop loss below ₹24,200. If prices sustain below ₹24,220, initiate short positions for targets of ₹24,100 and ₹23,950, with a stop loss above ₹24,316. Risk Management: Avoid catching falling prices; confirm reversals before entering trades. Keep positions light in volatile conditions. Tips for Risk Management in Options Trading: Time Decay Awareness: Avoid holding out-of-the-money options close to expiry as premium erosion accelerates. Defined Risk Strategies: Use options spreads like bull call or bear put spreads to cap risk. Avoid Overleveraging: Limit position sizes to avoid large losses during sudden market movements. Monitor Volatility: Consider implied volatility before entering positions; high volatility may lead to expensive premiums. Summary and Conclusion: Nifty’s price action for 05-Dec-2024 revolves around key levels of ₹24,647 on the upside and ₹24,220 on the downside. Traders should focus on these zones for clear directional movements. Proper risk management and a disciplined approach are essential, especially during volatile market conditions. Always confirm the trend before initiating trades and avoid overexposure to options positions. Disclaimer: I am not a SEBI-registered analyst. This analysis is purely for educational purposes and should not be treated as financial advice. Consult your financial advisor before making trading decisions.
SUI/USDT.P Insights - Long Position See entry details below. Forming mini wave 4 (correction). Confluences: - 4H MSS - 4H Sell Side Liquidity Sweep - 4H Order Block with Fair Value Gap above it - Order Block is within the OTE Level Risk only 5~10% of capital. Leverage: 10x~20x