Easy trade, solana is finished and probably just going to los value. The only use it had was for memecoin traders and now that is being banned across the globe they will rotate into another chain to scam people with that.Any ideas?
My main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range. But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower. Your success is determined solely by your ability to consistently follow the same principles.
After a sudden upward impulse in price from $60K to $100K, Bitcoin is distributing below the $100K mark. It will stay rangebound between $80K to $100K for a few months, take this opportunity to build positions, but take your time. Remember that after a large move, HODLRs who have been holding BTC for a long time become very profitable and a transfer of assets from the old to the new must take place, markets need time to consolidate the results of a large move. - We saw this from April 2024 to September 2024 - We need to build a strong support level around the 90K area before making the next leg up - Next leg up around March/April time taking us up for $130K alongside Altseason - Final leg will be in September/October with a run up to $180K Let me know what you think about boring Bitcoin in the comments!
US markets were shacked on Friday, January 10th, after the December NFP jobs report came in much stronger than expected. The US economy added 256,000 jobs in December, well above the average economist estimate of 155,000. The unemployment rate unexpectedly fell to 4.1% from 4.2% in November, although it remains above its 6-month simple moving average. The Nasdaq-100 immediately fell about 1%, while the yield on the 10-year US Treasury note jumped nearly 10 basis points to 4.785%, its highest since October 2023. The strong payrolls report further strengthened the case for the Federal Reserve not to cut interest rates again until at least 2025. The move in stocks and bonds is a continuation of what has been happening in recent weeks: After a period of mega-euphoric optimism, investors have begun to expect higher inflation driven by President-elect Donald Trump’s proposed trade and fiscal policies. If bond yields continue to rise, Americans will feel the brunt of it. The CME FedWatch Tool shows that markets now expect just one rate cut of 25 basis points this year, down from as many as three at the end of last year. The odds of no rate cuts in 2025 more than doubled to 28% on Friday morning. The dollar index TVC:DXY skyrocketed to the Moon, while the yield on 10-year U.S. sovereign bonds TVC:TNX stays well above 4.5%. Endogenously, the market has been preparing for such turbulence for a long time, as discussed in the previously published idea “Strategy 2025. BTC Airless Scenario Below $100'000 Choking Point” . I have to remind that the financial market had tough weeks in December 2024, but it could also face a tough year in 2025, as I noted then. The market was on track for its worst weeks in years after the Federal Reserve gave a hawkish forecast for interest rate cuts in 2025. But looking at the market internals, it was clear that the damage had been done well before the December Fed meeting – and this signal was a historical indicator of tough times ahead. Thus, Dow Jones Futures CBOT_MINI:YM1! ended 2024 with the 3rd RED WEEK in a row, forming the Bearish Candlestick Pattern "Three Black Crows" on the weekly timeframe, which developed, remarkably, from the all-time highs of the Dow Jones index. Last week, Dow Jones Futures ended with the 6th RED WEEK in a row - and this is a rather rare event. Historical backtest analysis over the past 25 years shows that this can lead to a further (at least) 10-percent drop for the Top-30 stock club. Bulls have done a lot of work, advanced more than 2,000 points in 2023-24, for the S&P500 index. However they were unable to finalize their achievements confidently above the round 6-thousand mark by the end of 2024. By the way, the same inability in Bitcoin to finalize 2024 above the round 100,000 mark is now repeatedly throwing the market back to lower price marks, as discussed in the recently published idea. The main technical chart indicates a suffocating bearish diagonal in development for the S&P500 index, with targets for decline down to 5'250 points. https://www.tradingview.com/x/7wqbwikX/
Entry Price 1: $2.41 Entry Price 2: $2.21 Stop Loss: $2.01 Take Profit 1: $2.71 Take Profit 2: $2.81 Take Profit 3: $3.21 Take Profit 4: $3.61 Status: ACTIVE
This wish can follow this path and after a descent, it can ascend.
https://www.tradingview.com/x/SPusPrdI/ Hello, Friends! AUD/JPY pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 9H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 97.590 area. ✅LIKE AND COMMENT MY IDEAS✅
Hello Traders Today i wanna share my expectation on XAUUSD from HTF perspective. Well I can clearly see that the swing structure on XAUUSD is Bearish and price is currently in a Counter trend phase with the potential of forming a LH on the identified 4H POI. I must say initial analysis, i was expecting the 4H OB to hold price but i guess it decided to go the extreme POI. Confluences: 1. MS 2. LQ 3.PvD 4. CHOCH/BOS Do not forget to throw in a follow on Instagram and also use the link below to trade Gold with the best broker: https://one.exnesstrack.org/a/usphspj3 Exness provides unlimited leverage and fast execution with competitive spread.
https://www.tradingview.com/x/oqMYoyHv/ Hello, Friends! We are going long on the NZD/JPY with the target of 88.170 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
After the long consolidation time, CL finally broke the Trend-Barrier (TB) and is now on the move to the upside. It's not stupid to aim for the 1/4 line as PTG1. But for sure I would only close a portion of the position, since the upside potential is far higher. And if you don't know how much to bank, just go with 50% of your investment. If it's going higher, you're still participating from the move. If it goes sour, you have already banked 50%. Just create a plan and follow it.