Beware of CRYPTOCAP:DOGE too, not only D.O.G.E. Elon Musk might be trying to send us some hidden message here, or not. Anyway, let's have a look at the Daily. The rectangle formed between late November and Christmas reached its bearish target, which represented a 32% decline (breakdown point was roughly 36c), and now that target level, $0.25, has been acting as the main support. And it's mostly a psychological (a quarter-dollar coin, basically) support rather than technical, as there isn’t a whole lot of previous trading history in this range due to the very rapid appreciation in price in November. 25 cents must be held as support, or the very next station is the critical test of the 200 MA (always a fat green line on my charts), and that test would tell us a probable direction for the next weeks or even months. Also, losing 25c and then closing below the 200 MA would absolutely annihilate the whole sector of memecoins. I also have a strong feeling that Musk has been dumping a lot of his stash, and he still owns a lot more. No proof, but the whole $TRUMP scam could have easily been an idea that originated in Elon's mind. Anyway, beware of DOGE. RSI confirms bearish momentum, but not even oversold. The DXY pumped again, by the way. Up and down, between support and resistances. Constant shakeouts for 6-7 weeks now. When does it end? I will close 50% of my 31.4c long position at a loss once DOGE closes below 25c, and the remaining 50% below the 200MA. No matter how oversold. Capital protection is a priority for me, always. ?? PS. I publish my stuff regularly on Binance SQUARE, more images are allowed there, and no cap on a number of posts/updates, unlike here. With this post, I have included also the DXY and Elon's tweet that I mention. BINANCE post LINK: https://tinyurl.com/m9ud9pyp
I’m kicking off a Bitcoin analysis series for February , where I’ll be sharing quick and to-the-point updates on the Bitcoin chart throughout the month. Alongside that, I’ll also post my trade ideas as they develop. The goal is to stay on top of the price action and navigate the market with clear, structured setups. I might not be able to catch every single move, but I’ll do my best to cover the most relevant ones. Hopefully, this will lead to some solid trades and strong results. At the end of the day, it’s not that complicated—you just have to trade what you see . Looking forward to an exciting month in the crypto market!
This is a 4-hour candlestick chart of Bitcoin (BTC) against the US Dollar (USD) on the BITSTAMP exchange. Here’s what it indicates: 1. Key Price Levels: Current BTC price: $98,144 Buy price: $98,154 Sell price: $98,142 Support levels: $94,382 and $89,065 (marked in blue) 2. Technical Analysis: The blue horizontal lines represent key support zones. BTC has recently tested the $94,382 support level and bounced back. The blue upward arrow suggests a bullish outlook, indicating a potential rise in price from this support. 3. Possible Scenarios: If BTC holds above $94,382, it could push higher, potentially toward $100,000 or more. If BTC breaks below $94,382, it might fall toward the $89,065 support level before bouncing back. This chart suggests a bullish reversal is expected from the support level. Are you considering a trade based on this setup?
Bitcoin remains bullish on its 1W technical outlook (RSI = 62.733, MACD = 8478.500, ADX = 61.463) but neutral on 1D, which suggests that it is a buy opportunity long term. What can really help the price explode from this point onwards though, is a strong drop on the DXY, which has already shown signs of peaking. Based on the last 2 Cycles, it is out of the Accumulation Phase and is has completed the fake-out, which traps investors into thinking that higher prices are coming. This is where a bearish reversal has taken place in the past, lasting 399 days until its bottom, which is where BTC tops. Get ready for a full 2025 Bitcoin rally. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
1800 trades 77% net profit Same algo as previous posts only change made was algo sensitivity
Hi traders! As we wrap up another week, we have a nice Gartley forming on GBP/USD. If this plays out it should be some time next week looking for longs off the 886. We have some nice confluence around that price with extensions and price symmetry. Keep on eye early next week to see if this holds true.
A Score of 2 gives our signal system for the S&P500 which means that this index is now indicated neutral. Made up of Cot Data 0, Retail sentiment 1, Seasonality 2, Trend reading -1, GDP -1, Manufacturing PMI 1, Services PMI -1, Retail Sales -1, Inflation 1, Employment Change -1, Unemployment Rate 1, Interest Rates 1. We start with a trade at 6090 with a sl at 6227 and tp at 5953.
On SMCI we are in a situation of bullish trend with the break of the vwap and the resistance line. The objective is to reach 46.94 dollars.
⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️ Hi Friends This is my first public record of making a profitable trade with this strategy feel free to come in and take a look. You can find my trade opening dates in my older posts. Trade #1 ⭐️ Status: Win ⭐️ Gain: $74 AlgoTrading - Larry Connor's Holy Grail. WinRate : 75%. YoY: 13%. Leverage: 0. ??? Create your own Trading Signals on your Smart Phone using this strategy ???
We just witnessed the start of another pivot in gold when Trump won the U.S. presidential election in November 2024. My gold trading strategy has always focused on buying dips while keeping any short-selling opportunities short-term. The chart above clearly illustrates three major V-shaped formations in gold. After each tariff or trade war, a V-shaped pattern formed in the same month the policy was initiated, followed by a subsequent uptrend. Recently, I published a video analyzing other significant tariffs since the U.S.-China trade war began in 2018. We observed a consistent pattern: after each tariff or trade war, the same month of policy initiation saw the formation of a V-shaped trough, followed by an uptrend. https://www.tradingview.com/x/BuJdfiOx/ This time, the V-shaped trough occurred during the U.S. presidential election month. The right side of this V-shape was completed with the announcement of 25% tariffs on Canada and Mexico, signaling the expansion of the trade war beyond China. The consequence of trade wars is inflation, and gold has historically served as a leading indicator of this trend. If the trade war persists and intensifies, a continued uptrend in gold seems inevitable. Analyzing the long-term monthly chart using my parallel channel approach, we observed gold prices encountering resistance around $2,600 in September 2024 and beyond. However, by the close of January, the price action provided a clear confirmation of the ongoing gold uptrend. Gold firmly closed above $2,600, reaching $2,835 for COMEX Micro Gold Futures. https://www.tradingview.com/x/CF5PxT7M/ On the 3-hour chart, I have provided another set of parallel channels as a guide to track support and resistance levels as gold trends further. As gold prices continue to climb, their notional value can become quite large for retail traders. COMEX Micro Gold Futures, being 1/10th the size of the regular gold contract, is a better option for me when the next buying opportunity arises. Recently, CME launched a new contract—a pocket-sized one-ounce gold contract. One key to successful trading is selecting the right contract size for oneself, which is crucial for effective risk management. Once again, my strategy for gold remains the same: focus on buying dips while keeping any short-selling opportunities short-term. https://www.tradingview.com/x/jbbtiyjR/ Please see the following disclaimer and information that you may find useful: Gold Contracts: Gold Futures & Options Ticker: GC Minimum fluctuation: 0.10 per troy ounce = $10.00 Micro Gold Futures & Options Ticker: MGC Minimum fluctuation: 0.10 er troy ounce = $1.00 1Ounce Gold Futures Ticker: 1OZ Minimum fluctuation: 0.25 per troy ounce = $0.25 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • My mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs https://www.tradingview.com/cme/