Bitcoin has begun a steep drop, and it's likely that the ATH is priced in. This fits my previous idea that the ATH would either be just over or just under 100k. There is, ofcourse, another option as well - a continuation over the next few months. This is likely if the price of BTC follows a fractal of the previous cycle. It would become likely if we see a strong bounce around the 81-82K zone, pushing us up into the 90's. But, at the moment, I'm leaning towards the idea that the ATH is in. It would also makes sense for the ATH to be in, from an Elliot Wave Theory perspective, since we've made a perfect 5 waves. If this is indeed the case, we can look forward to a few more rallies in the altmarket. _______________________ BINANCE:BTCUSDT
been intraday bullish on gold eyeing this 2610 level post NYSE open sellside this morning looking to play longs targeting 2620/2625 intraday and potentially 2630+ if we get a big move with some pre Christmas volume my invalidation is around 2607 and i will stop out and take the loss if we break down 2610 into 2608/2607 if we take out the low then fly I'll be mad but such is life Definitely not financial advice Trade at your own risk Be safe much love and happy Holidays Just going to be using TradingView more often as a personal journal going into the New Year
i see a downside spike from ATH..a channel movement started around 4$ and ended at 0.11$. last lower high around 0.6$ broke and closed above it in daily and weekly timeframes.when price breaks and closes above last LH in down trend, it shows first alert about changing trend.i see a low around 0.11$ that price jumped to 1.25$ after hit 0.11$. after hit 1.25$ price made a HL at 0.162 $ and tested it.in diffrent markets this behavior of price lead to seeing zone of starting channel. another minor down trend channel started around 2$. fibo retracement levels are: 0.236~ 2$ 0.382 ~ 3$ 0.50 ~ 4$ finally my idea is: price should hit 2 $ and 4$. This strong and powerfull move stated and may it takes several weeks to reach my targets.
It is possible to continue moving in wave c until the yellow box. corresponding to the levels of 0.618 and 0.707.
Key Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Arrowhead Pharma Stock Quote - Double Formation * Trend Line 1 & 2 | Completed Survey | Subdivision 1 * (Neckline) | Pattern Confirmation | Subdivision 2 - Triple Formation * Retracement 1 & 2 Numbered | Entry Survey Condition * Pattern Confirmation | At 23.00 USD * Daily Time Frame | Settings | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
BHEL chart on Daily candle is showing Ascending channel. Where it touches low and gives swing till high of Channel.
62pips target was hit as price made higher high and higher low, retested previous lower high to confirm bullish direction
US500 is in a possible distribution, which is a bearish pattern. 2025 will be more like a sideways action. Good times for small caps!
#COFFEE - UniverseMetta - Signal D1 - Formation of potential 3rd wave. H4 - Securing behind the channel line + possible retest of the level, through the 3rd wave. You can try to enter from these levels or wait for the breakout of the 1st wave. Stop behind the maximum of the 1st wave. Entry: 328.66 - *320.11 TP: 307.55 - 293.16 - 279.62 - 257.96 Stop: 344.60
The Australian dollar has posted losses on Monday. Early in the North American session, AUD/USD is trading at 0.6227, down 0.31% at the time of writing. It's a very light calendar week, with the Christmas holiday just around the corner. The Reserve Bank of Australia releases the minutes of this month's meeting on Tuesday, which is the sole Australian event this week. At the December meeting, the RBA held the cash rate at 4.35% for the ninth straight time. Still, the rate statement held out hope for a near-term rate cut, based on some nuances in the language. Previous statements had signaled that rate hikes were on the table, with the board stating it was not "ruling anything in or out", but this phrase was omitted in the December statement. The RBA also sounded more optimistic about the inflation outlook, with the statement noting that the board was "gaining confidence that inflation is moving sustainably towards target". The market viewed this language as being dovish, although Governor Bullock reiterated after the meeting that the February rate decision would be based on the data. In the US, durable goods orders declined 1.1% m/m in November, after an upwardly revised 0.8% gain in October and well below the market estimate of -0.4%. The decline was largely driven by a decrease in new orders for transportation equipment. The Conference Board Consumer Confidence index fell sharply in December to 104.7, down from an upwardly revised 112.8 and well off the market estimate of 113. Consumers were less optimistic about the employment outlook and incomes. The Conference Board report found that consumers are concerned that the tariffs proposed by the incoming Trump administration will push prices higher in 2025. AUD/USD pushed below support at 0.6247 and tested support at 0.6219 earlier 0.6278 and 0.6306 are the next resistance lines