? Bitcoin (BTC) 15-Minute Market Update! ? Key resistance and support levels identified: ? Red Zone: Resistance near 106,358.51 - 105,904.53 ? Green Zone: Potential bullish breakout area above 106,653.60 ⚫ Support: Watch 104,746.89 for bearish action. ? Our projection: Breakout above the green zone for a potential rally to 107,039.48 or a dip below key support zones for bearish momentum. ? Stay ahead of the market with FXFOREVER’s expert insights! #FXFOREVER #BTCAnalysis #BitcoinTrading #CryptoInsights #ForexTraders
Bitcoin is trying to break through its all-time high trend line. Will it do so, or will it be rejected and throw us into the Alt season? So far many grafts are pointing to this as at least the first peak pushing BTC back down. Others are saying the Trump Family Coins $Trump is sucking up all the money. Well, see what happens, but it seems like the time to start moving investments over to the Alts so you're not left behind buying the top. I assumed BTC would top out at $160K this season but signs are pointing to possibly lower. AS BTC gets stronger and bigger we will get less of an explosion in price increase. Trading off for more stability in price over time to form a stable value.
BTC Diamond Top not fully formed yet, needs to tap the lower right quadrant again yet. And then we could still see a false breakout direction from the diamond, the center of the diamond needs to act as resistance either way, for confirmation otherwise its invalidated.
Kroger (KR) looks to be forming a Very Strong Level of Support here at the current Price Ranges, providing a perfect opportunity to get in if you haven't on this one, to let it set and hold for a good amount of time, 1-2 years out, falling into our Long-Term Play of the Day Category. We are looking for the Best Entry within the Price Ranges that it's traded in, but if it breaks, we will look to jump in as soon as we see that occur. Price Targets were raised to $65 from $62, with an Equalweight rating being published by Morgan Stanley. Kroger has done well in the past competing and staying a float throughout Covid and the raise inflation, surely profitting from increased prices on Consumer Goods and the likes! We think it's a great play when considering a Portfolio in others light TGT, WMT, etc. Definitely one to have in the long-term portfolio seeing it has weathered many stores and proceeded to provide great returns in it's most recent earnings. Connect with us and following for more by visiting our website or Discord Community at @MyMIWallet! Personal Budgeting & Investment Tools to get you investing today, the right way! Your Way! #MyMIWallet
Shiba Inu has left holders very disappointed after the 'Trump Pump' seemingly left it behind, as other, more sought-after altcoins made life-changing gains. However, it does appear that Shiba may still have a few tricks up its sleeve. If this pattern holds true, we could see Shiba make gains upwards of 300% over the next 2 to 6 months. Watch the fair value gap area for potential buy orders, as this area held up nicely in the past. Good luck, and always use a stop-loss!
This is my first public post of my Elliot Wave TA. Here is a snapshot of the final 5th leg of BTC mapped, and to finish the 10 + year impulse wave or wave 1. For more details of count structure let me know. God Bless and Trade on
A potential bull flag on the 1-hour chart of AUD/JPY has caught my eye, and a closer look at volumes also suggests it worthy of consideration. The weekly CVM (cumulative volume delta) has confirmed the recent rally into the bull flag pattern, but is also breakout out of its own flag to suggest bullish pressure is building. It is also near its own weekly high, a break above which provides another bullish clue. Trading volumes were rising alongside prices before they entered the sideways consolidation (bull flag), so I am now on guard for a break higher of prices. Bulls could seek dips towards the daily pivot point (97.32) for a move up to 97.80, just beneath the daily S1 pivot. A break above 98 assumes bullish continuation up to 98.50 near a weekly VPOC (volume point of control). Matt Simpson, Market Analyst at City Index and Forex.com
Technical Analysis for Trading * Trend Overview: AMZN continues its bullish trend, supported by a rising trendline. The price is consolidating near $231.40, testing immediate resistance. Momentum shows strength, but overbought conditions may trigger a short-term pullback. * Key Levels: * Resistance: $231.40 (current level) and $235.00 are critical zones for a breakout. * Support: $228.75 and $225.94 are key levels to watch in case of a retracement. * Indicators: * MACD: Bullish, but momentum is tapering off, signaling potential consolidation. * Stoch RSI: Overbought, which may lead to short-term profit-taking. * Volume: Consistent buying interest supports the upward move. Any breakout must be confirmed by higher volume. Gamma Exposure (GEX) Insights for Options Trading https://www.tradingview.com/x/PJG42vy5/ * Key Gamma Levels: * Positive GEX: $235.00 is the strongest resistance level, where the highest call wall resides. * Negative GEX: $220.00 and $217.50 are critical put support zones. * Options Metrics: * IVR: At 52.4, options premiums are moderately high, offering opportunities for credit strategies. * Call/Put Skew: Calls dominate at 23.6%, reflecting a bullish market sentiment. * Actionable Gamma Zones: * Bullish Scenario: A breakout above $231.40 could lead to rapid testing of $235.00 due to gamma-driven buying pressure. * Bearish Scenario: A pullback below $228.75 might activate put support at $225.94. Trade Scenarios 1. Bullish Setup: * Entry: Break and hold above $231.40. * Target: $235.00 and $237.50. * Stop-Loss: Below $230.00. 2. Bearish Setup: * Entry: Break below $228.75. * Target: $225.94 and $220.00. * Stop-Loss: Above $230.00. Important Note The market may experience volatility around key levels. Reassess price action during pre-market or intraday activity and adjust your strategy accordingly. If you have questions or need analysis for another stock, feel free to reach out! Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly.
Bullish Divergence & Breakout Idea with FIb Targerts
H =23751.85 L=23496.15 First Zone H=24065.80 L=23517.35 Second Zone Imp Range for bulls to take releif rally valid till 24 JAn 2025 Dn side range 22900-22700-22488 is open till then