I am adding to longs under 1.4200. This is a very good support to hold and good FIB Zone to bounce of. Bounce can be a fast move if the area holds. Entry Point. Under 1.4200 Invalidation clean breaking below 1.3600 Targets can be above 2+ Note: Not a Financial Advise.
Risky but high profit entry. Be very careful. If it breaks that support it will go very low. TP 1: 0.75 TP 2: 0.92
Short term upward price momentum supported by increased volume. Strong base, targets are flagged. Capturing Cost basis at first flag & set SL. Just an idea.
The United States has the capacity to bailout the retirement system for Boomers and Millennials if we do not blow the "dry powder" of American Exceptionalism on pumping up the economy and markets for political and 1%er gains. America will be at peak Boomer dependence on Social Security & Medicare around 2030 and will not see a reduction of that dependence until more Boomers have crossed the Rainbow Bridge than Xers retiring. During the 2040s there will be a reprieve for the retirement system, but then in the 2050s the Millennials retire putting strain back on. The United States needs a sustained period of 3%+ GDP growth, moderate to low energy prices and productivity gains driven by technology. America should probably also merge & standardize Medicare & Medicaid to eliminate waste and fraud (Trumpcare?), as well as, start putting about 20-25% of Social Security payroll taxes into the S&P 500, 600 & 400 indexes with the rest in special 3% rate UST in the "lockbox" that Al Gore talked about 25 years ago. That will require seed money in the form of $10-20 trillion of QE, aka, the dry powder we can't waste.
After reading this article you will understand why levels are formed, how to identify them on the chart and how to make trades in different market conditions. You will also understand where the price of BINANCE:BTCUSDT BTCUSDT is more likely to go and why. What are support and resistance levels Support and resistance levels are areas where big players take positions and then defend them. In these areas, the price can turn around and go in a different direction. Support: An area where large buyers find the price attractive and begin to accumulate the asset. Resistance: An area where large sellers find the price overvalued and begin to sell the asset. Levels are not lines but zones, because large players cannot accumulate large positions at one price, they operate in a range. Zones of levels should be marked on the chart with a reserve for the areas where traders place stops (after their removal it is possible to return behind the level, i.e. a false breakdown). There are cases when the price stops several times on one line, but these are not levels, but crowd traps. Why support and resistance levels are important 1. Determining where to look for entry and exit. 2. Placing a stop loss behind the level in a protected zone. 3. Evaluating potential profits. For example, buying from support, you might place take profit in front of a resistance zone. The market moves from support to resistance, from buyers' stops to sellers' stops, from overbought to oversold. How to find levels on a chart 1. Price reversals When the price reverses in a certain zone with increased volume, this zone becomes a potential support or resistance. Even if there is no volume in the zone, it is important to consider such reversals (there may be no volume if there is no reaction from the other side, no buyer-seller fight). 2. Dense accumulations (consolidations) A long stay of the price in a range, especially if it is accompanied by increased volume, indicates the presence of a struggle in this zone between buyers and sellers. When the price moves out of this area, this area becomes support on the way up or resistance on the way down. 3. Mirror levels These levels alternate between support and resistance. For example, a level that was previously a support can become a resistance after a breakout and vice versa. 4. High volume zones without price reversal If there was high volume in the zone and the price went up or down quickly, you should expect a reaction when you approach the zone again. 5. Long volatile candlesticks with increased volume (gaps) Such candlesticks can be a sign of activity from a large player. If after a long candlestick with high volume, the price returns to it, such a candlestick can become a level from which the price will react. 6. Levels on round price values Round values such as 100, 150, 200 often become support or resistance levels. These are so-called psychological levels where traders and big players tend to place their orders. Factors reinforcing the level: 1. Time frame. Strong levels are formed on the older timeframes day, 4 hours. Big players work on them and such levels are more reliable. 2. Volumes. The presence of high volumes in the zone of the level confirms its importance. If there are no volumes, the level may be less reliable. 3. Buyers and sellers fight. A strong level occurs when the price consolidates for a long time and then there is an exit with increasing volumes. This indicates that one side, buyers or sellers, has gained the upper hand. 4. Taking out stops. The formation of a strong level is often preceded by a false breakout, which knocks out the stops and increases its importance. 5. Psychology. Round values such as 100, 150, 200 are often strong levels due to their psychological influence on market participants. How to trade with levels 1. Levels of older time frames are more important. Always start your analysis with the weekly and daily charts, then move to the hourly and minute timeframes. Note : On illiquid assets, you should only use the senior timeframes day, 4 hours to determine levels, smaller timeframes often look chaotic. 2. The trend determines the priority. In an uptrend, support areas will be important, resistance areas will be weak. In a downtrend, support areas will be important resistance areas will be weak. In a sideways trend, both zones are equally important. 3. When trading intraday , pay attention to more recently formed zones, they have more weight. For example, in the case of an impulsive trend, hourly levels may not have time to form, so 5M levels become important. Note : The slope angle of the trend and the speed of the trend are very important in determining the levels, because the stronger the trend, the weaker the zones of the opposite direction. 4. In the case of impulsive trends , where the price moves quickly and virtually without pullbacks, you can use junior timeframes, such as 5 minutes, to find local support and resistance zones and enter a trade on the trend. This is important because hourly levels on such trends do not have time to form due to the high speed of price movement. 5. In a declining trend you can even trade against the trend (as in a sideways trend). The fact that the trend is fading can be determined by how the highs (in an uptrend) and lows (in a downtrend) are updated with great difficulty and small values. Divergences can also indicate that the trend is weakening. Errors when working with levels 1. Blind trading from levels. Never enter a trade just because the price has approached a level. Always look for confirmation: price reaction, volume, etc. 2. Ignoring older timeframes. Levels on older timeframes always carry more weight. 3. Stick to a single point. Levels are zones, not specific prices. 4. Misidentifying the zone. Do not mark too narrow zones, remember that big players work in a range. Selecting assets for trading The selection of interesting assets should be based on the following criteria: Presence of a strong trend. The price is in correction and close to the level. High liquidity of the asset. Assets that are not suitable for trading at the moment: Absence of a trend. High volatility without structure (so called "saw"). Low liquidity. Trading on unsuitable assets becomes a guessing game, choose assets consciously to tip the odds in your favor. Final recommendations for working with levels In an uptrend : Look for support zones to long. Resistance zones serve as targets. The stronger the trend, the less important resistance zones are. In a downtrend : Look for resistance areas to short. Support areas become targets. In a sideways trend : Trade support and resistance zones. Consider zone extensions and possible false breakouts. Conclusion It is important to realize that support and resistance levels are only a part of success. The main points to consider are 1. Asset selection. Work only with liquid and trending assets where levels are most important. 2. Combine with other methods to find an entry point and confirm the strength of buyers and sellers such as volume, candlestick patterns and technical indicators. 3. Maintain positions : move stop losses, take partial profits and stick to your original plan. Remember that trading is not only about finding levels and trades, but also about discipline, risk management and constant learning. Each element of your trading strategy is a cog that works in conjunction with the others. The more accurate and reliable the mechanism, the greater your chances of success. If you found this article useful, place a rocket and write comments. Good luck in trading!
12/26/24 :: VROCKSTAR :: NASDAQ:RGTI FAFO $15. 200x sales. Short. - you guys know my thoughts on quantum per a few recent posts on NASDAQ:QUBT (lol) and OTC:BTQQF (long, but measured). - but C-tier garbage like NASDAQ:RGTI at 200x next year's sales and having missed missed missed (they do deliver pressers though!) might take a dump in your new year's stocking if mgmt r smart. they burn cash for as long as the eye can see... so dilution is par for the FAFO course. - could it meme higher? obviously. y'all don't even own it, renting the C's and driving gamma in an illiquid tape. - i'm short the next week P's at 13 strike will adjust accordingly, but one bad wick lower will drain the pond. - as always, may the luckiest balls win. all the best if you're long, and in earnest, congrats. but if u don't pay urself here, i hope the logic is more nuanced than "quantum iz future". - math matters V
The Wyckoff Range typically manifests as horizontal price action (sideways movement) on a chart. It represents a phase where supply and demand reach a temporary balance, and large institutional players accumulate or distribute their positions. Wyckoff Range manipulations are deliberate actions by large market participants (like institutions or "composite operators") to deceive retail traders, creating a false sense of market direction. These manipulations are integral to the Wyckoff Method, designed to exploit liquidity and accumulate or distribute large positions without causing significant market impact.
As a safe-haven currency, the Swiss Franc (CHF) retained its strength throughout 2024, even as rate cuts from the Swiss National Bank (SNB) encouraged temporary rebounds by other currencies. Despite these rate cuts, the Franc maintained a bullish trajectory, targeting a key supply zone near the 122 level. We expect this region to act as a resistance point, triggering bearish order flow towards the close of Q1 2025. The CHF’s resilience makes it a currency to watch, particularly in risk-off environments or during geopolitical uncertainty. ________________________________________
We are not there yet we our next leveraged trade for XRPUSDT. The truth is that one wave ended recently and there is always a period of rest between one wave and another. A trading range is established and the lower boundary tends to fail before the next wave. Let me explain. If the support is set at $1.96, this support can hold as XRP consolidates (sideways). At one point, normally before the start of the next advance, there is a drop below support (support breaks). This drop tends to activate all the stop-loss orders and liquidate over-leveraged traders. After this event is complete, we see the development of a new bullish move. The arrows on the chart are for illustration only. They depict several variations in which this scenario can develop. The first impulse ended early December. Then comes the consolidation phase. A period of rest to consolidate all this growth the market experienced. This consolidation phase can last between 1-3 months. We are thinking around three months based on the Mars retrograde, but this varies wildly between markets and pairs. So instead of focusing on a specific time we focus on the price. The next advance can take XRPUSDT beyond $4. We wait patiently, there is always a long rest period between a strong advance and the next leg-up. We are in that period now and XRPUSDT has been sideways for 23 days so far. The red arrow better illustrates my point. Whenever the major drop is in, that's the signal to go LONG. Before the drop is in, the market will continue to go sideways and this is when leveraged traders lose the most. Ignore the SHORT side because the market is bullish. Thanks a lot for your continued support. Namaste.
When the BTC couldn't break the resistance,i think is going down and test agin the support.