The #FOMC just cut interest rates by 25bps/0.25%, but something more important changed! They raised their interest rate projections for the next 3 years by 50bps/0.5%. This is not good for crypto in the short term. The #FED is suggesting fewer interest rate cuts in the short-medium term which won't be good for risk assets such as CRYPTOCAP:BTC and other #alts The market has also been diverging for the last couple of weeks so will likely fall in reaction to this. Don't worry though #ALTSEASON will eventually come and mark the end of this bull run unless Trump creates the CRYPTOCAP:BTC strategic reserve and sends crypto 100 times higher. For More -> http://x.com/intent/user?screen_name=cryptojaytrad
### Trading Idea for Gold (15-Minute Chart) Market Overview: As we analyze the 15-minute chart for Gold, we are observing a potential bearish flag pattern forming. This technical setup can provide traders with opportunities for potential short positions, as it often indicates a continuation of the prevailing downtrend after a brief consolidation period. Bearish Flag Pattern: - Definition: The bearish flag pattern is characterized by a sharp price decline (the flagpole), followed by a period of consolidation (the flag), which slants upward or moves sideways. A breakdown from this pattern usually suggests that the prevailing downtrend is likely to continue. - Setup: Currently, Gold appears to be forming this pattern, suggesting a potential move to the downside if the price breaks below the support level. Breakdown Levels: - Key Support Level: Traders should monitor the lower boundary of the bullish flag. A decisive break below this level will confirm the bearish flag scenario and trigger selling momentum. - Targets: - Target 1: $2,680 - This level serves as a significant area of support where traders may see buying activity if reached. - Target 2: $2,660 - This target is close to the first target and indicates another potential support region where a bounce is possible. Invalidation Level: - Key Resistance Level: To validate the bearish scenario, a clear rise above $2,605 would invalidate the bearish flag setup. If Gold prices exceed this level, it may suggest the presence of bullish momentum, potentially leading to further upside. Trading Plan: 1. Entry: If the price breaks below the lower boundary of the bearish flag pattern and shows increased selling volume, consider entering a short position. 2. Stop-Loss: Set a stop-loss order above $2,609 to limit risk in case the market moves against the anticipated bearish scenario. 3. Take Profit: Consider two take-profit targets: - The first target at $2,680. - The second target at $2,660. 4. Monitoring: Keep an eye on market news and overall sentiment, as external factors (such as economic reports or geopolitical events) can significantly affect Gold prices. Technical Indicators to Watch: - Volume: Look for increased volume accompanying the breakdown to confirm the validity of the bearish flag. - RSI: Monitor the Relative Strength Index (RSI) for overbought signals, which could indicate that a reversal may occur if the bearish pattern plays out. Conclusion: If the anticipated bearish flag pattern plays out as expected, Gold could move towards the target levels of $2,680 and $2,660. However, vigilance is essential as a rise above $2,605 would invalidate this trading idea and potentially indicate a bullish trend. Always ensure to implement proper risk management strategies in your trading plan.
A good breakout, retest and down Bitcoin goes. There's also a divergence signalling Bitcoin down
https://x.com/CryptoJayTrad/status/1869916767075647866 You should stay calm! CRYPTOCAP:BTC will range from here, and most altcoins will bleed. There are only 3 things you need to do: 1. HODL - if you don't sell you don't lose 2. BUY THE DIP - alts you loved yesterday are on sale 3. DIAMOND HANDS - avoid trying to time entries Do your research and find strong uptrending altcoins! Click here for more -> http://x.com/intent/user?screen_name=cryptojaytrad
FX:HKG33 Hello everyone, from the D chart, the index seems dancing within the dancefloor. From 1h chart https://www.tradingview.com/x/uTvyqaNJ/ today trade plan : same old same old strategy sell into resistance and buy at support. From the shorter tf we can notice probably end of the week and index seems giving meal treat. ? ?. For the first hours from the MACD signal and KDJ it seems bullish. Long for the first half; continue to monitor see if it breakthrough 19975/20000. https://www.tradingview.com/x/mZ5EM0Fp/ Happy trading everyone! Stick to your plan, set your SL/TP. Let's zen with ? and ? while waiting for the meal treat and show your gratitude and love the Index although sometimes it doesnt go according to our plan. ?
? **Bitcoin Breaks Parallel Channel – Liquidity Drains!** ? ? BTC breaks its **parallel channel**, triggering a **liquidity exit** from markets. Traders brace for **volatility** as capital flows out, signaling potential **trend shifts** ahead. ⚡ **What’s Next?** Watch for key support/resistance tests and volume spikes! Drop your predictions below! ? #Bitcoin #BTCBreakout #CryptoMarkets #LiquidityShift
https://www.tradingview.com/x/lgsnHgJF/ AUDNZD formed a nice inverted head and shoulders pattern on a daily. A bullish breakout of its neckline is a strong bullish reversal signal. We can expect more growth and test of 1.1143 level soon. ❤️Please, support my work with like, thank you!❤️
AMEX:SPY December 20, 2024 15 Minutes. As expected base being formed after brutal fall. Still in downtrend as below all moving averages. We can see oscillator divergence. We have multiple hits around 586 levels. If break. i see more 10$ downside towards 576 levels. To test 100 average support 240 minutes chart. No longs. Yet.
This trend line is quite accurate as I have predicted in my previous post, we dumped into lower support. We may see a bounce towards 110K.
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!