Community ideas
Why we don't trust this bounce on AUD/JPYMy short AUD/JPY bias sprang into action quicker than I expected two weeks ago. While support has since been found, it looks like it wants to retrace against that initial drop. Yet I have my eyes on the bigger (and more bearish) prize, and when comparing this cross to other yen pairs, I suspect another leg lower could be due when the current bounce fizzles out as anticipated.
MS
RNDR | BULLISH ALTS | RNDR Incoming ATH Render has been one of my top alts since Jan 2024, and it hasn't disappointed, currently standing at 140% increase, and if you account for the ATH in March, 245%.
As Bitcoin trades range we're patiently waiting for Ethereum to make a new ATH. This will encourage the rest of alts to make a final push up, that is AFTER ETH made a new ATH. That's why it's so important to watch Ethereum, and the Bitcoin dominance chart.
More on that topic HERE:
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GEMINI:RNDRUSD
Amd - Retest, Reversal And A +100% Rally!Amd ( NASDAQ:AMD ) will soon retest massive previous support:
Click chart above to see the detailed analysis👆🏻
After Amd perfectly retested the upper channel resistance about half a year ago, we saw a beautiful rejection and already a retest of the crucial horizontal support. Now, Amd is once again coming back to retest this support and another bullish reversal is extremely likely.
Levels to watch: $130, $260
Keep your long term vision,
Philip (BasicTrading)
Dogecoin - This Is Still Just The Beginning!Dogecoin ( CRYPTO:DOGEUSD ) is still in its early stages:
Click chart above to see the detailed analysis👆🏻
Although Dogecoin already rallied more than +350% after breaking out of the triangle pattern, this still just seems to be the beginning of the next major bullrun. A conservative approach would indicate a +9.000% rally, but the first primary target is still the previous all time high.
Levels to watch: $0.7, $5.0
Keep your long term vision,
Philip (BasicTrading)
US30 Broke another Support Level at 44000 - Over CorrectedUS30 is completely overcorrected with market manipulators going to liquidate buyers who think price is about to rise. If price continues to fall, look for there to be no support until 43362 which is way's away. If that happens there is a big opportunity to maintain short trades but it is very risky because US30 is completely over corrected and may go bullish at any moment. Keep an eye out for further selling for intraday opportunities.
Plan for 13th December 2024 Nifty future and banknifty future analysis and intraday plan.
Swing trading ideas.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
TSLA to $420?TSLA has been on a tear over the past month or so. Using the Magic Linear Regression Channel indicator we look at the chart of TSLA and see that it has blown through a lot of the parallel channels, making it seem difficult to pinpoint. But, by adding an outer Fibonacci band to the Magic Linear Regression Channel, and selecting starting pivot highs followed by the biggest drops, we can form a channel that has an upper Fibonacci channel that coincides with the all-time high. However, since TSLA didn't get to Elon's favorite number, 420, last time around, I think it will make it there this time before correcting or consolidating. And, it could make it there before the end of the year.
US 30 Dropped Some but Ready To go Bullish for 7000+ Pips US30 is Currently at a resistance level and above the downward trendline which is good indication price wants to rise now. The last (4) 1 Hour candles have been bullish. Be careful here. The Market makers know we are waiting for the buy and will wait for more buys to be initiated before creating a long wick downward to liquidate the buyers. If there aren't enough buyers in the market they will likely consolidate here for some time before going up. For the best entry wait until price retests 44179 or 44355 for the safest entry.
Good Luck to you and let me know your thoughts.
Gold Outlook for December 2024Sticking with my conviction that we have indeed capped the high for Gold for 2024 and have already fulfilled a 30% retracement back into the overall range. We could potentially be ranging for the remainder of the year. I'm anticipating major breakouts within Q1 of 2025. If gold decides to breakout of its current range prior to 2025, then I would be anticipating a buy-side manipulation to take price lower towards the equal lows inside of Q3 of 2024. Let me know if you have any comments or questions below, or just your overall thoughts as well. Bless.
Nasdaq Futures Today: Key Trading Zones and Proven Strategies!Dive into today's analysis of Nasdaq futures (December 12, 2024) and uncover the insights you need to trade confidently. Here's what you'll find:
📈 Market Overview: Analyze the ongoing bullish trend with potential zones for corrections and new highs.
📊 Key Levels: Discover the most relevant areas for long and short entries, including strategies for targeting over 100-point moves.
🎯 Actionable Strategies: Learn how to approach intraday opportunities while considering rollover adjustments and contract dynamics.
This video is perfect for traders looking to refine their technical analysis and capitalize on market movements. Join us and stay ahead of the market!
🔗 Subscribe to the channel for daily trading insights and expert strategies. Click now to gain an edge in your trades!
SPY/QQQ Plan Your Trade For 12-12: Breakaway PatternToday's video goes into detail related to the general SPY/QQQ trending and the continued potential for a price Anomaly Event.
It is likely that the markets continue a Santa Rally phase - attempting to push higher throughout the end of 2024 and into 2025.
I want everyone to understand that the anomaly event I keep suggesting may happen is an outlier event. It would be driven by some news, political, financial or other type of market event.
If that event does not happen, then the markets will likely continue to push higher and higher.
So, remember, the markets want to push higher into the typical Santa Rally. My Anomaly event would be a potential outlier event - driving a moderate pullback in price.
Gold and Silver should move into a moderate topping pattern today - possibly pulling downward a big. This would be a goo setup for the next rally phase higher. That rally may come tomorrow or into early next week.
Bitcoin is trapped within a consolidation range. The rally yesterday was nice to see, but right now we are seeing Bitcoin struggle below resistance. So, we still need to be cautious about rolling downward. Yet, the general trend for Bitcoin right now is upward.
Get Some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Cosmos (ATOM): Possible 15% of Movement On The Coin / We Wait!Cosmos coin has recovered nicely from recent correctional movemen, which set price back by 30%. Now we are watching out for 2 zones here where we want to see a possible brekout or a breakdown (both of which would result in +15% of movement).
More in-depth info is in the video—enjoy!
Swallow Team