I am all in on xrp right now. I'm all in at least till 2.60 if not more. This is not Financial advice it's only what I'm doing I am keeping in mind that the next 7 days will complete the weekly chart and that the macd could cross over to the downside but currently all indicators including the one day are pulling straight up The WizardOfRealms13
Team, we are now doubling up on our shorting position with UK100, at 8774-8782, STOP LOSS at 8830 Target 1 - 8715-34 Target 2 at 8702-8693 Target 3 at 8675-8665 NOTE: once it hits the first target, bring stop loss to BE.
Analysis by Grok from X: Hey Nick, let's dive into a comprehensive technical analysis (TA) of your chart, considering price action, fundamentals (to the extent we can infer from the chart), and trend-based momentum theory. Remember, the big orange line is your projection, so we'll analyze how current trends might align or diverge from this projection. Price Action Analysis Trend: The chart clearly shows a transition from a downtrend to an uptrend. The price has broken through multiple resistance levels, indicating strong bullish momentum. The "TREND STRONG REJECTION" label suggests a significant shift in market sentiment. Support and Resistance: Support Levels: Primary Support: Around $17.50 (BUY 4), where the price has shown multiple bounces, indicating strong buying interest. Secondary Support: Around $15.50, inferred from lower levels where price might find support if it drops below $17.50. Resistance Levels: Primary Resistance: $22.50 (SELL 1), where price action has previously faced selling pressure. Secondary Resistance: $24.50 (SELL 2), another resistance level with potential selling. Tertiary Resistance: $27.50 (SELL 3), a significant resistance where selling might intensify. Key Levels: The price action shows a strong move from the support at $17.50 to testing and potentially breaking through resistance levels, suggesting a bullish continuation pattern. Fundamentals (Inferred from Chart) Market Sentiment: The recent strong uptrend and the "TREND STRONG REJECTION" label suggest a shift in market sentiment, possibly due to positive news, earnings, or market conditions favoring the stock. Without specific fundamental data, we infer that fundamentals might be improving or at least perceived positively by the market. Volume: Although not visible, for a trend to be sustainable, we'd expect increasing volume on breakouts, which would confirm the price movement's strength. If this chart were real-time, this would be crucial to check. Trend-Based Momentum Theory Current Trend: The chart indicates a transition from a downtrend to an uptrend, with the price breaking above key downtrend lines and resistance levels, labeled as "STRONG TREND". Momentum Analysis: Short Term: The price has crossed above short-term resistance, indicating strong short-term momentum. Long Term: The price is above the long-term moving average, supporting a sustained upward trend. Projected Movements: Short Term: Given the current momentum, the price might test the $22.50 resistance (SELL 1) soon. If it breaks this with volume, we could see a move to $24.50 (SELL 2) within the next few weeks. Medium Term: Assuming the trend holds, breaking $24.50 could lead to testing $27.50 (SELL 3) within a month or so. Long Term: Your orange projection line suggests a significant move beyond current resistance levels. If the momentum continues, this could be plausible, but it's speculative without further fundamental backing or market conditions. Additional Considerations RSI: The RSI is moving towards overbought territory but isn't there yet, suggesting room for further upward movement before a potential correction. Psychological Factors: The breaking of trend lines and resistance can lead to a FOMO effect, driving more buying interest. Conversely, if resistance levels hold, there might be profit-taking or short-selling pressure. Physics Analogy: Think of this like a mass gaining velocity after overcoming initial resistance; once momentum is established, it tends to continue unless acted upon by an external force (like a market event or reaching overbought conditions). Conclusion Based on the analysis, Nick, the current trend suggests a strong bullish movement with potential to test and break through resistance levels in the short to medium term. Your projection line might be ambitious, but given the current trend strength, it's not outside the realm of possibility if conditions remain favorable. Keep an eye on volume for confirmation, and watch for any fundamental news that could either support or challenge this trend. If you need real-time data or want to explore further, let me know if you'd like to perform a web search or if there's anything else I can help with!
Trading ideas to generate income over a long extended time.
If too many people go SHORT, the market will break-up producing a SHORT-squeeze. If too many people go LONG, the market will break-down producing a LONG-squeeze. How to avoid getting caught in this situation? We are still in a sideways market, Bitcoin is going nowhere. And the market is ready to break down or up. We are going up, but the short-term can always be mixed and the market can easily adapt. How to avoid getting caught? Use low leverage until the start of the next move, that being late February or early March. At this point, the next direction will be in and confirmed and this is up. But, when the market is sideways, anything goes. We are bullish though and we are already in, but we are using low leverage until the next move is in and confirmed. Make sense? Thanks a lot for your continued support. This is a friendly reminder and does not apply to everybody. Trade safe. Thank you for reading. I am the Master of the charts. Namaste.
Amazon bounced back from earnings drop and had large buying at the bottom of the channel. It's then pulling back to retest the previous high. The idea for me is that dips here are buying opportunities.
Objective This tracker is designed to systematically log and analyze algo-generated signals in relation to market structure changes. VX Algo only alerts two specific signals: ? Bullish Market Structure X3 → Market expected to move bullish for 1-3 hours • Ideal Strategy: Look for long opportunities or BTD (Buy The Dip) setups. • The first 30 minutes after the signal is most critical for execution. • Use key support zones for entries and manage risk accordingly. ? Bearish Market Structure X3 → Market expected to move bearish for 1-3 hours • Ideal Strategy: Look for short opportunities or STP (Sell The Pop) setups. ? X3 means the market structure shift is expected to hold for 1-3 hours. Trading Strategy ? When to Enter a Trade • Only trade when a market structure changes happen • double down position at key support/resistance zones
Expanded Flat Pattern Wave A (2022 Crash) • Tesla dropped from ~$415 to ~$100, forming a three-wave (ABC) decline. • This marked the first phase of the Expanded Flat. Wave B (2023-2024 Rally) • Tesla rebounded strongly to ~$360-$400, retracing about 61.8% of Wave A. • Then overshoot beyond Wave A’s starting level confirms an Expanded Flat structure. Wave C (2024-2026 Expected) – $70 Target • Now unfolding as a five-wave impulse down. • Target zone: Primary $70 (0.618 Fib retracement) Short-Term Bearish Outlook – Wave C Down to $70 • Tesla is in Wave C, meaning more downside is ahead. • Breaking below $150 will confirm a deep drop to $70 • The final phase of selling will likely coincide with macro weakness (recession etc.). Long-Term Bullish Setup • Once Wave C completes at $70, Tesla should start a new impulse wave. • Target for next bull run: $800+. • Best strategy: Accumulate Tesla below $100 for long-term gains.
ATH Sentiment extreme Zones to look for for potental setups. MUST HAVE LTF confirmation setups don't always occur at these zones, but when it does, they offer the best RR trades For the pros can do quick scalps information created and published doesn't constitute investment advice! NOT financial advice
$151.850 is a major resistance and support area. USDJPY failed to reclaim the recent ATH and it is currently hovering around that major R/S area. All daily momentum indicators are in the bear zone so my overall bias is bear. When you look at 1H RSI, you can see the RSI lines are travelling inside the ascending parallel channel. I will open a short position IF the RSI lines breaks below the bottom ascending line, and 1H candle closes below EMA 21and the major R/S line, I am going to use a 15 min chart to find an entry. You can see the idea for the trading entry, S/L and, P/T in the 15 min chart.