I have shared my analysis . Gold can move from 2604 to 2580/2560 What do you think about gold movement, share your ideas with me keypoints entry 2604 target 2560 follow me for more gold updates
Rate cuts and their impact on the markets The Fed's decisions to cut interest rates, while seeking to stimulate the economy, have had a mixed effect on financial markets. On the one hand, these measures tend to favor equity assets by reducing funding costs and encouraging investment. On the other hand, in an environment of global uncertainty and expectations of recession, rate cuts have been interpreted by some investors as a sign of economic weakness, which has contributed to the fall in stock market indices. In this context, investors have migrated towards assets considered safer, such as Treasury bonds, which has generated significant movements in sovereign debt yields. This behavior directly affects traders' strategies during the Quadruple Witching Hour, when position adjustment is usually more intense. Quadruple Witching Hour amid market declines With markets facing recent declines, the Quadruple Witching Hour could amplify volatility due to several factors: 1. Massive position adjustments: Investors looking to protect their portfolios or close open positions could generate sharp movements in stock and index prices. 2. Impact on liquidity: In an environment of uncertainty, liquidity could be reduced, making price movements even more pronounced. 3. Impact on specific sectors: Companies that are more sensitive to interest rates, such as technology and real estate, could experience greater pressure due to changing investor expectations. Outlook and strategies In this environment, investors should be particularly attentive to: 1. Evolving expectations about monetary policy: Any changes in Fed language or economic data could influence market participants' decisions during the Quadruple Witching Hour. 2. Risk management: Using hedging strategies, such as options or inverse ETFs, can be key to mitigating the impact of volatility. 3. Opportunities in volatility: For more experienced traders, sharp price movements may offer opportunities to generate short-term profits. In conclusion, the Quadruple Witching Hour in the current environment of Fed rate cuts and market declines represents both a challenge and an opportunity. Careful planning and a clear understanding of the factors at play will be essential to navigate this period successfully. Ion Jauregui – ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
This dump has been brutal, but the crypto market might be seeing the first major signs of a potential recovery. If you look to the past dump after the liquidation cascade, we printed 6H railroad tracks before pumping 30-40% across the board and creating a lower high before this drawdown. Railroad tracks occur when price is either pumping or dumping aggressively and as soon as that particular candle closes the market instantly reverses the other way. We are now seeing a similar formation on the 6H candle. Of course, there is still more time to go to confirm this but here we have BTC, SOL, ETH, XRP and many other altcoins. All instantly reversed as soon as the 6H candle closed. If history repeats we should see some sort of relief rally.
Chart looks great if we are gonna bounce up and keep going! The want retailers to give up but we are still strong! Chart look great just be careful if we see 2.30-2.35, let’s consider flying back up if not we can go down to test 1.50 levels. Let’s go investors and Traders! Time to finish this year with a bang into next year. XRP holders get ready!
ANRK retrocedió a unos niveles interesantes/de reacción.
EURGBP Pair Is Currently in Buy Trend Current Point 0.83030. TP1/ 0.83232 TP2/ 0.84001 1.TP1 0.83232 This is the Short Term Target the Price Needs to Breakout To the Resistance Zone. 2.TP2 0.84001 This Is Second Target Watch potential Resistance Near This Level. Rate Share Your idea what's Going on Thanks.
Today's pattern suggests the SPY/QQQ will present an opening price gap (in this case lower) and likely attempt to find support near these deep lows. I really want to point out how my Anomaly call, nearly 45+ days ago, really played out perfectly. It is so difficult for me to try to explain what I do with my research and analysis - but ultimately I simply call what I see based on the data. The last few days have prompted me to really push my efforts to continue to deliver superior research and analysis for my followers and subscribers. Ultimately, it is about helping people learn to become more profitable and learn to wait for the best trade setups. Gold & Silver are moving into a CRUSH pattern today. This could be a BIG MOVE for metals - and I believe the move will be to the upside. Don't get married to this move yet. The bottom is still setting up for metals. Bitcoin is collapsing through the EPP pattern. The ultimate low setup could still be a move below $90k, so be prepared for more downward trending throughout the end of 2024. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
You have been here long enough to know what bottom signal I am looking for, right? RSI is oversold on the 4-hour chart, so now I will look for bullish divergence to signal at least a local bottom. We don’t need to see it, but it certainly helps.
Bitcoin is in a corrective phase following a sharp rally, with the $92,000 50-day SMA acting as the first critical support zone. A break below this could lead to further downside toward $89,000 or $73,835. To regain bullish momentum, Bitcoin needs to reclaim $99,860, targeting $108,300 and higher. Keep an eye on the RSI and volume for confirmation of the next move. Key Observations: Recent Price Action: Bitcoin recently reached a high of approximately $108,300, marking the peak of the current rally. Following the high, BTC has experienced a sharp pullback, breaking below the $99,860 support level and currently trading near $93,569. The pullback reflects a correction of approximately 14% from the peak. Bearish Divergence on RSI: RSI Divergence: While price made a higher high at $108,300, RSI formed a lower high, signaling a loss of bullish momentum. RSI is now trending below 50, confirming bearish short-term momentum. RSI will eventually make it to oversold, but that could be far down the road. Still worth noting that it is only at 40, so there could be a long way to go if the correction continues. Key Support Levels: $92,000: Immediate support around the 50-day SMA, which aligns with a consolidation zone during the earlier stages of the rally. $89,000: A secondary potential support just below the 50-day SMA. $73,835: Major breakout level from the prior range and a strong support zone if the correction deepens. Key Resistance Levels: $99,860: This level, previously a support, has flipped to resistance following the breakdown. $108,300: Recent high and critical resistance, acting as the upper boundary for potential continuation. Volume: The recent sell-off has occurred on elevated volume, confirming active selling and validating the correction. Moving Averages: The 50-day SMA (blue line) is currently around $92,000, providing immediate dynamic support. The 200-day SMA (red line) sits significantly lower, near $72,000, reinforcing long-term bullish structure. Interpretation: Bearish Signals: The bearish divergence on RSI has played out, leading to the breakdown below $99,860. Price is testing the 50-day SMA at $92,000, a key short-term support zone. Support Zones to Watch: $92,000 (50-day SMA): Critical for maintaining the short-term bullish trend. A strong bounce here would be encouraging. $73,835: Long-term support level, aligning with the breakout zone from earlier in 2024. A breakdown to this level would still preserve the macro bullish structure. Potential for Reversal: To resume its uptrend, Bitcoin must reclaim $99,860 and hold above it. A strong bounce from the 50-day SMA would reinforce bullish sentiment. Scenarios: Bullish Case: Bitcoin holds the 50-day SMA at $92,000, forms a higher low, and begins to climb back toward $99,860. A reclaim of $99,860 with increasing volume would target a retest of the $108,300 high and potential continuation. Bearish Case: If Bitcoin fails to hold $92,000, the next logical support is around $89,000, followed by a deeper correction to $73,835, which would still align with the broader macro bullish structure.
Fundamentally, expecting BoE cut in feb 2025 earlier than RBA in 2025 also price action looking overstretched for GBPAUD. Although mkt expecting 2 rate cut based on recent data but i still like to follow BoE Bailey already given a clear forward guidance 4 cut next year.