Bitcoin Breakout or Pullback Zone Before Heading Higher? In this video we examine the current Bitcoin chart at resistance.
Most likely, we retrace here for a bit and then push higher into the next resistance zone of around $70k and possibly to retest the previous ATH zone @72k - 74k.
Lots of sell pressure at the previous ATH which can also be seen on the Total Market Cap, using our Order Block Detector.
Not much happening now and until we can find the money flow and volume to push up.
Many people likely waiting for the election on Nov 5th, which coincides with the market cycle low according to our Market Cycle models (based on Hurst's research).
Let me know your thoughts below, and please like the video.
- Brett
Community ideas
Traders could veer towards the yen with risk events loomingIt is no coincidence that VIX futures have been creeping higher in recent weeks despite Wall Street hitting record highs, as traders are presumably hedging downside risk as we approach the US election. And that means it may not take much to spook traders out of bullish bets with markets at frothy levels, and that could see the yen strengthen as a safety play. Matt Simpson takes a technical look at yen pairs of interest.
BUY NZDJPY - trade explained in detailTrader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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Beware of Symmetrical Triangles. And yes, they occur oftenWhy Beware?
Ambiguous Direction: Symmetrical triangles don't inherently indicate whether the breakout will be upward or downward. Without additional confirmation from volume or other technical indicators, predicting the direction can be challenging.
Market Noise: In volatile markets, price movements within the triangle can be erratic, making it difficult to identify clear breakout signals amidst the noise.
False Breakouts: Not every symmetrical triangle leads to a significant price movement. Sometimes, the breakout fails, resulting in a false signal that can trap traders in losing positions.
XAUUSD GOLD: Understanding Trend Shifts for Precision Entries👀👉 In this video, we explore the inner workings of market trends and, more importantly, how smart money manipulates price action to sweep liquidity, allowing them to place their orders and sustain the trend. We also showcase a powerful, free indicator from TradingView’s extensive toolset. Here's what we cover:
📊 Understanding Trends: How trends truly operate in the market.
💰 Smart Money Tactics: How institutional traders manipulate price action to sweep liquidity and execute large orders.
🔑 Key Levels: Identifying crucial accumulation and distribution zones to approach potential trade setups effectively.
🛠 TradingView Indicators: Learn how to access tools that help spot when price is overextended.
🔎 Market Structure: Discover how to locate resting liquidity and anticipate price reactions, understanding the role of liquidity in market movement.
📈 Trade Setups: Using a practical approach, we examine price interactions with liquidity, blending Wyckoff theory and ICT concepts for sharper trade decisions.
Disclaimer: This video is for educational purposes only and is not financial advice. Trading involves significant risks. Be sure to conduct your own research before making any decisions. Trade responsibly.
THE TREND IS YOUR FRIEND...UNTIL THE END...EURUSD EXAMPLEHey everyone! Hope you are having an AMAZING weekend and beautiful Sunday so far! I just wanted to get on here and post a quick educational video for my Trading View community and share some nuggets I have learned over the last 14 years of being in the markets that hopefully can help you guys reach consistency and ultimately profitability.
The subject in this video is "THE TREND IS YOUR FRIEND..UNTIL THE END" hope you guys enjoy get a notepad and paper or iPhone out lol and take some notes! You won't want to miss this!
Cheers!
The dollar surge takes a breather, pullback pending?We finally saw the USD rebound I was beating the drum about back in September. But now it's hit a decent resistance zone, I weigh up its potential to hold its ground or producer a deeper pullback. Markets covered include the USD index, EUR/USD and gold.
MS.
Using 15 minute and 5 Minute Time Frames To Scalp In this video we break down how you can use 15minute and 5 minute time frames to Scalp.
Your 15 min can be your short term gauge for trend and your 5 minute can be where you enter into the market.
Using basic candle sticks patterns I go through a couple different setups one can do on the scalping side of things
If you found this helpful: boost, like or comment
MB Trader
Happy Trading
EDUCATION: Using Renko Charts to Find Key Levels in XAUUSDIn this tutorial, we'll dive into a unique but powerful method for analyzing gold (XAUUSD): using Renko charts to find critical levels. If you’re unfamiliar with Renko, it's a chart type designed to filter out market noise, making it easier to spot trends and reversals.
Unlike traditional candlestick charts, Renko focuses on price movement rather than time, allowing you to identify significant support and resistance levels with greater clarity. When you understand how to use Renko properly, you gain an edge in navigating volatile markets like gold.
With a calm and disciplined approach, we’ll guide you step-by-step through the process of setting up Renko charts, recognizing key patterns, and spotting levels that can give you a stronger sense of market direction. The goal is simple: cut out the clutter and focus on what matters—the bigger picture.
Whether you're looking to improve your entries or better understand market structure, this tutorial will provide practical insights to help you refine your trading strategies. By the end, you’ll not only grasp how to use Renko charts but also develop the mental sharpness needed to stay patient and unemotional in the face of market fluctuations.
PEPE + BNB Will Moon Just Like ETH Did In 2017 17 year experienced trader here sharing my thoughts to help the crypto community.
As everyone knows this is a very important time for the market as we are approaching the end of the 3rd year of the 4 year cycle . Year 4 has always been ALTSEASON . The charts I am sharing with you are setting up to have HUGE runs into 2025. In teh video I share with you my reasoning on why this meme coin and BNB will explode higher just like ETH did back in 2017 . ETH was the the daddy back then and now MEME coins are the hot narratives (look at how many meme coins that Binance have listed) and there is a reason for it . Meme coins are bring in heavy trading volume for exchanges creating good revenue and they also bring in new crypto people to the community , we have seen xrp bring in millions of people , then we seen DOGE bring in millions of people then SHIB and then PEPE . Each ALTSEASON it has been a new meme coin that helps bring in and grow the crypto community so this time will be no different . This time we have new coins like NEIRO that can moon also but that is for another video .
Do not sleep on these coins and if u need any help or have any questions please just send me a message and I will be happy to try my best to help .
Have a great weekend
MartyBoots
$AMD Chart Setup: A Strategic Play Ahead of Advancing AI Event.As we approach AMD’s highly anticipated Advancing AI event this Thursday, the market may soon see the company in a whole new light. Historically, these events tend to prompt a "sell the news" reaction, giving us the opportunity to front-run the event throughout the week.
The chart is setting up nicely with a confirmed wedge breakout, supported by strong bullish volume on both daily and weekly candles. If the stock goes flat or even sells off ahead of the event, it could present a bullish opportunity for us to capitalize on, if it continues to run, could be a short opportunity as the move could be priced in.
My positions are as follows:
Calls over $171.21, with targets at $177.55 and $185.
Puts under $164.42, with targets at $162.58 and $154.49.
Let’s stay sharp and position ourselves for what could be a pivotal moment for NASDAQ:AMD this week. Cheers.
30% to 60% Upside Coming for Natty (Divergence Strategy)A powerful monthly bullish divergence just confirmed on natty.
We see that the CCI had a monthly close which confirmed the bullish divergence setup. In this video I review how to determine targets with this strategy, and how to determine your risk.
I anticipate a minimum 30% rally from current prices for natty, possibly heading up 60% from here. This doesn't mean this market won't have a pullback in the meantime. In my opinion, pullbacks are for buying until these price targets are reached.
If you have any questions about this strategy, feel free to shoot me a message.
Have a great week.
Chinese Markets Come Roaring Back | +87% on $JD options trade! NASDAQ:JD Price action is a sign of strength today - whereas pundits said Chinese markets will open weak.
I love what we're seeing today and have updated our upcoming resistance points to consider profit taking.
They are as follows (est.): $46, $50, $60.
On continuing strong VOL, this name should continue to feel the love!
Q4 Kickoff - US down, VIX Up, Oil Drama, China RipQuick video recap to highlight what's the latest and greatest in the markets.
Oct 1 - Happy Q4
US Big Tech in "big red" today
US Energy in "big green" today - thanks for a wild bid on USOIL
China continues to rip "green" and it's playing catchup quickly
US will have to deal with employment news, inflation news, earnings news, all before the US Election and Nov 7 FOMC Rate Decision (expecting another 25 bps cut)
Major levels to the downside if there's a US market pullback, FOMC lows, gap fills, and up trendline levels (50 period SMA, 100 period SMA, 200 period SMA) but we'll see
Stay frosty out there :)
Thanks for watching!!!
GOLD is Setting Up For LONGS! Prepare to BUY!Price is pulling back to the Daily +FVG, which is nested in the Weekly +FVG, which is intersected by the Swing High. Three strong confluences for a high probability LONG.
Be patient, look for price to contact the POI, and then let your valid buy setup form.
Let the rest unfold.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Nvidia - Consolidation Before -50% Drop!Nvidia ( NASDAQ:NVDA ) is preparing for the correction:
Click chart above to see the detailed analysis👆🏻
Nvidia is still creating pretty clear market structure and price action and therefore there is no reason to change direction or opinion. Following the previous cycles, a correction of roughly -55% is likely and Nvidia's recent consolidation is a first strong sign of bearish weakness.
Levels to watch: $120. $60
Keep your long term vision,
Philip (BasicTrading)