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GOLDTHE unemployment claims rose to 224k beating the 215k forecast, unemployment claims shows the number of individuals who filed for unemployment insurance for the first time during the past week;
the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions.
despite the figure the sell was on sentiment and broke a demand floor to keep gold in the supply zone.
On Friday December 6th we also have major economic data by 2;30 like (1)Average Hourly Earnings m/m (2) Non-Farm Employment Change (3)Unemployment Rate and by 3:15pm FOMC Member Bowman Speaks.
it will be volatility premium as buyers and sellers will react in any direction on sentiment and on risk averse.
Market in waitingThe daily structure in the S&P 500 market implies profit-taking and the market in waiting as jobs numbers are released on Friday. The tone of these numbers will set expectations for future Fed action and whether this market will be confident going into the weekend with an up close. How the market will respond is 50-50 in terms of whether a will be up or down.
GOOGL - Making sense of the market's multi-time frame objectivesApologies for the bad recording quality here - but this is key toward "zooming out" and realizing how much is really happening on higher time frames in the market - when we get zoomed in to one small move or leg of an uptrend or downtrend, it leaves us vulnerable to sudden moves against us - because we were stuck in LTF tunnel vision.
So you see here how I have a bias toward short, but that is on a HTF and requires LTF work and liquidity building to make the HTF objective possible
Happy Trading :)
The Anomaly Price Event May Hit Before December 31Just before the US Presidential Elections, I published a detailed research report suggesting the markets may move into a low-liquidity event that could be very dangerous for traders.
My Adaptive Dynamic Learning (AI) predictive modeling system highlighted a range of price volatility just after the election showing a very real downward price event. If this event takes place, we may see the SPY/QQQ fall more than 5.5% while other sectors may fall more than 10.5%.
What is interesting is the post-election rally pushed some SPDR sectors above the upper ADL predicted price range. This means price is now very overbought in terms of expected levels.
Any reversion could prompt a very solid downward price move and catch many traders by surprise.
I'm watching my Crash Index and the XLF & XLRE sectors for any signs of a breakdown.
I suggest all of you move to protect capital as we move into the end of 2024 and prepare for what may become a very violent and volatile Anomaly Price Event.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
Review and plan for 6th December 2024Nifty future and banknifty future analysis and intraday plan.
Stock analysis included.
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
Where To Buy SOL MartyBoots here , I have been trading for 17 years and sharing my thoughts on SOL here.
SOL is looking very good here as it builds pressure before this next move up, very strong chart for more upside
Very similar to SUI which is up 30% + this week
Do not miss out on SOL as this is a great opportunity
Watch video for more details
BTC | BITCOIN ATH | ALTSEASON A comprehensive analysis today on my take regarding Bitcoin , BTC All time High, and for how long we can still expect to see altseason.
When I say altseason, what I am referring to is hard pumps and large increases, scattered across the altcoin market.
In the previous BTC update, I considered an ATH between 99k and 105k. More on that here :
Today's main "concern" is really whether or not the alt-rallies are finished - and I say, not yet .
___________________
BINANCE:BTCUSD CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D
BTC Shatters $100K - The Rise of Digital Gold ?BTC Shatters $100K - The Rise of Digital Gold
History in the making! Bitcoin has finally conquered the mythical $100K level, breaking through like it was mere psychological resistance. Trading at $103K, this moment calls for a deep dive into where we're headed next.
Technical Setup
Critical resistance ahead at $108K
Similar to previous rejections at $79K
Third attempt principle in play (historically high success rate)
Next major target post-breakout: $192K
Why This Time Is Different
Pre-halving breakout vs. traditional post-halving peaks
Fed Chairman Powell's "Bitcoin is Gold" statement
BlackRock ETF's market impact
Fundamentals 201 phase activated
Important Cycle Changes
Previous cycles: 550-560 days between halving and ATH
Current cycle: Breaking ATH pre-halving
Early cycle characteristics suggest different price dynamics ahead
Key Observations
ETF influence reshaping market structure
Potential altcoin correlation changes in 1-3 years
ETH emerging as "digital NASDAQ"
Institutional players actively participating
What to Watch
$108K resistance reaction
Post-Trump election market dynamics
ETF flow impacts
Pre-halving price action
Strategy Notes
Watch for third attempt breakout confirmation
Monitor volume at resistance levels
Keep eye on institutional flow metrics
Prepare for potential "sell the news" on key events
Remember: Charts never lie, but market cycles evolve. We'll follow up with detailed scenarios once we see the $108K level reaction.
#Bitcoin #BTC #TechnicalAnalysis #Crypto
One Love,
The FXPROFESSOR 💙
Previous posts:
Part 1
Part 2
Part 3
Part 4
The power of 3rd (or 6th) attempts
Power of 3 (+Inflation)
Pump the Trump:
Fundamentals 101:
Fundamentals 102:
Jerome and Garry buying their own dips:
Satoshi mastermind:
Is GBPUSD Setting Up for a Buy Opportunity?👀 👉 GBPUSD has shown impressive momentum, rebounding strongly from a key support level. The big question is—what’s next? I’m keeping a close eye on the price action, watching for a potential buy setup if the price continues to push higher from this level. Patience is essential, as waiting for confirmation can be the key to consistent results. 📢 *Disclaimer: This content is for educational purposes only and does not constitute financial advice.
Solana (SOL): 3 Ways to Go, Waiting For Confimations!Solana seems to have a good bounce from the 200EMA mark, which might lead the price to the $300 zone. But the 4-hour timeframe is showing some kind of resistance so we have to be careful as it might lead the price to move back to $190!
More in-depth info is in the video—enjoy!
Swallow Team
Goooooood morning Nasdaq Futures analysisGoooooood morning
Today Thursday, December 5, 2024, we are going to analyze the Nasdaq futures
We can see that it continues to be totally bullish in the longer timeframes, yesterday it made a new ATH, today we want to go long, but we are not at the moment, We have to wait for it to make a small correction, for it to come to one of the 15-minute liquidity zones or the one-hour reprice to be able to go long.
Can you search for shorts? Yes, YOU CAN, jejeje, buuuut, I am not particularly going to do it cause today I have many support areas where the price could stop and turn sharply upwards.
If you want to know more, watch the video and thank you very much
SPY/QQQ Plan Your Trade For 12-05 : Flat-Down PatternToday's Flat-Down pattern may continue the rolling top pattern in my Crash Index - suggesting the markets are consolidating after the post-Election rally phase.
I continue to warn traders this low liquidity market phase will likely prompt some very big volatility in price action between the election and, roughly, January 5-10. Stay cautious.
I believe the markets are starting to revert a bit downward and I believe this is a very healthy move for the markets - especially after the post-election rally phase.
We need the markets to resolve back into a moderation phase before attempting to make another bigger move to the upside. So, watching the markets potential roll over and fall about 3~5% would not surprise me.
Gold and Silver are moving into a fairly strong rally phase. This could be coupled with a moderate US Dollar decline.
Bitcoin rallied above $103k over the past 24 hour - WOW. Buckle up - the Bitcoin crew will be out in force with their memes and other comments.
Remember, play these market moves safely. If you can afford to take the lumps, don't trade too much capital with each trade.
Going to be a very interesting holiday as I believe liquidity will continue to erode and present even more volatility.
Get some.
#trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
When is the correct time to sell Bitcoin? Hello Traders, welcome back to this market breakdown.
In this video, I explain the time cycle of Bitcoin and what a good time to sell is.
1. Halving Cycle Structure
This chart leverages Bitcoin's logarithmic scale to illustrate its price behavior across halving cycles, providing a clearer perspective on exponential growth and diminishing returns.
Key Takeaways from Bitcoin's Halving Cycles
1. Halving Cycle Structure
Cycle Length: Each cycle spans 1432 days (approximately 4 years), divided into:
Bull Market Phase (1064 days): Gradual accumulation followed by accelerated growth.
Bear Market Phase (365 days): Sharp corrections and consolidation before recovery.
Historically, bull markets account for the majority of price growth, with bear markets serving as cooling-off periods.
2. Historical Price Performance
Cycle 1 (2012 Halving):
Entire Cycle move: 11644%
Pre-Halving having: +390%
Post halving +2947%
96.65% of the entire move was after the Halving.
Cycle 2 (2016 Halving):
Entire Cycle move: 2503%
Pre Halving: +213%
Post halving +703%
91.5% of the entire move was after the Halving
Cycle 3 (2020 Halving): Still going...
Hypothesis: 86% of the entire move was after the Halving.
Entire Cycle move: 1671.43%% based on my maths
Pre Halving: +234% so far
Post halving +92% so far
If the hypothesis is true then 905k is the projected price.
3. Upcoming 2024 Halving Predictions
Projected move: 270K USD peak if historical patterns persist and the Hypothesis holds.
Bear Market (2027–2028):
Based on prior cycles, corrections could range from -70% to -80%, leading to a consolidation
Trade safe
Tarder Leo
Dogecoin's Bull Cycle: From 88% Support to New ATHIn this video, we revisit Dogecoin's price action since 2022, highlighting key reversal patterns such as spinning tops, hammers, and engulfing candles that signaled a robust support at the 88% structural level. Following a healthy retest, DOGE has surged, aligning with our bullish projections. The recent appointment of Elon Musk to lead the Department of Government Efficiency (DOGE) by President-elect Donald Trump has further invigorated market sentiment, potentially propelling Dogecoin toward its previous all-time high and beyond, with a second take-profit target around $1.30. Join me as we analyze these developments, discuss strategic entry points, and explore the implications of institutional involvement and market cycles on Dogecoin's trajectory.
Dogecoin's Bull Cycle: From 88% Support to New ATHIn this video, we revisit Dogecoin's price action since 2022, highlighting key reversal patterns such as spinning tops, hammers, and engulfing candles that signaled a robust support at the 88% structural level. Following a healthy retest, DOGE has surged, aligning with our bullish projections. The recent appointment of Elon Musk to lead the Department of Government Efficiency (DOGE) by President-elect Donald Trump has further invigorated market sentiment, potentially propelling Dogecoin toward its previous all-time high and beyond, with a second take-profit target around $1.30. Join me as we analyze these developments, discuss strategic entry points, and explore the implications of institutional involvement and market cycles on Dogecoin's trajectory.