Harmonic Patterns
BTC LONG TP:113k 16-12-2024The upward trend is expected to continue, targeting a rise towards 113k, with a potential spike reaching between 116k and 118k. Ideal entry points are around 104k to 106k, while stop losses should be set below 101k-102k. Make sure to adjust everything according to your trading style. This projection should materialize within 24 to 30 hours; otherwise, it may need to be discarded. Stay updated with market developments. #Bitcoin #Trading
Altcoins season has not even started!As you can see we are in the same spot that last cycle. BTC running avove previous ATH and total2 still bellow previous top. Once btc gets close to the top altcoins are going to explode, see how LMACD of Total 2 is not even close to the top of the descending diagonal. Scoop some alts now, next 12 months should be bright.
FINALLY SELL TREND START NEXT TARGET 2568Hello everyone congratulations to all our last target reached in FOMC,FED PRESS CONFERENCE Gold reached 2583 .
finally sell trend is start now we look more to sell target BC you also know trend is your friend our next here
sell limit 2610
sell limit 2628
target is here 2590 2568
weekly candle hope big drop on lock
XRP: Bullish continuation imminent! XRP has been on a massive upside move, and currently, the price is cooling off in a falling wedge pattern! If you're looking to trade XRP at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above $2.51 and take profits at the levels shown in the chart.
Targets:
1. $2.6
2. $2.7
3. $2.8
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
GOLD - Should I sell?Brian, hello everyone!
Gold prices “plunged” and fell more than 2% to a one-month low in mid-week trading after the Fed decided to cut interest rates as expected, but noted that it would slow the pace of borrowing cost reductions in the near term. The Fed’s stance boosted the USD and bond yields.
Based on the performance of gold on the 4-hour time frame, along with indicators from EMA and RSI, a bearish trend is expected in the coming period. With the current unfavorable situation for gold, the price of gold is likely to reach $2,537 in the near future.
BTCUSDT: Consolidating below key resistance. What next?Hello, dear friends!
BTC/USDT is currently on a bearish trajectory, with the price hovering around $101,200. This decline follows comments from Federal Reserve Chair Jerome Powell opposing the establishment of a national bitcoin reserve fund.
From a theoretical perspective, the outlook suggests further downside potential, as the price is currently near critical resistance levels around the 0.618 and 0.5 Fibonacci retracements, while the descending trendline remains intact. It is anticipated that the decline could extend to the designated support zones.
Wishing you all profitable trades ahead!
Bearish drop?NAS100 has reacted off the resistance level which is a pullback resistance and could drop from this level to our take profit.
Entry: 21,414.83
Why we like it:
There is a pullback resistance level.
Stop loss: 21,813.15
Why we like it:
There is a pullback resistance level.
Take profit: 20,774.05
Why we like it:
There is an overlap support level that lines up with the 78.6% Fibonacci retracement.
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GOLD → Interest rates are dropping, so why is gold falling?Hello, dear friends! Ben here!
Gold prices remain consolidated below the $2,600 level following a strong two-way price movement in the previous session and stay near their lowest point in over a month.
The primary reason for the decline in gold prices is the recent decision by the U.S. Federal Reserve (Fed) to cut interest rates by an additional 0.25%. While this move was widely anticipated, the Fed also indicated that it plans to reduce rates at a slower pace in 2025. The impact of recent Fed rate cuts had already been priced into gold. At this point, investors are eager to know how many rate cuts the Fed will execute in 2025.
According to the Fed's latest interest rate projections, only two rate cuts are expected in 2025, compared to four cuts projected in the September forecast. In theory, the Fed’s hawkish stance has worked effectively: the dollar has strengthened, and the markets have weakened.
Today, all eyes are on GDP and the PCE data—an index the Fed considers a key measure of inflation.
From a technical perspective, after retesting the previously broken channel boundary and an imbalance zone, gold prices have dropped further. As a result, a clear trend is emerging that warrants close observation. If the price fails to hold above the critical support level around $2,586/ounce, it is highly likely to decline toward the $2,521/ounce area.
Sincerely,
Bentradegold!
SOL: Massive Bull Flag Formed!Now is the time to keep a close eye on SOL! A break above the bull flag could happen anytime now! If you're looking to trade SOL at the moment, here's a quick setup that you might find helpful!
The idea is: Buy when the price breaks above $233 and take profits at the levels shown in the chart.
Targets:
1. $240
2. $245
3. $251
4. $260
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About our trades:
Our success rate is notably high, with 10 out of 11 posted trade setups achieving at least their first target upon a breakout price breach (The most on TW!). Our TradingView page serves as a testament to this claim, and we invite you to verify it!
Planning EURJPY IF there's a news spike. The JPY interest rates come out soon and this might cause a big move in the Yen.
Yen is on major supports and my bias has started to turn from always bearish (via long USDJPY) to feeling rather, potentially, bullish on the Yen.
Something I'd love to see for a trade entry would be a massive move into the resistance levels on the news. Maybe some bad news for JPY and JPY crashes.
That's the sort of thing that usually happens in currency reversals.
I don't have any positions on in Yen trades heading into the news. It's too much of a punt. But I plan to be active after it. Following a Yen rally or fading a crash if it hits my predetermined levels.
It's possible JPY could make a low in the crash move it has been in. While this is still very much contingent on what happens at support, the amount of money that could be made in XXXJPY shorts if this did happen is so extreme it seem wise to plan for it. Just in case.
$6 to $16+ in 27 minutes after our PRFX Buy AlertWOW 🚀 $6 to $16+ in 27 minutes after our Buy Alert 🎯
Straight vertical with no pause NASDAQ:PRFX
Stock started the day at $2.17 so it reached 660% total within first half hour with us in it at the start of the power run
Warning sent in chatroom about $17 - $18 resistance before reversal happened so members knew where to take last safe profits