Bitcoin prediction from 2 decades experienced multi-millionaireI've been daytrading for 2 decades, made myself a multi-millionaire from trades like these.
Even though my expertise is in stock market, charts are still charts.
Bitcoin chart analysis is showing possible further extension into $110,000 range then drop and slide off to $60,000's area by the end of 1st quarter 2025 as the excitement about Trump/Musk/SEC/etc hits reality.
Where we go from $60,000 we'll discuss once we're there and collect more data.
Trader
Are Funded Trading Accounts Right for You? In the trading world, funded accounts are becoming increasingly popular. But are they the right fit for your trading journey? Let’s break it down:
🔥 What Is a Funded Account?
It’s simple: You trade using someone else’s capital, usually provided by a proprietary trading firm. In exchange, you keep a percentage of the profits, often ranging from 70% to 90%.
⚖️ Pros of Funded Accounts:
No Risk to Your Personal Capital: You’re trading someone else’s money.
Access to Larger Capital: Grow your profits with higher lot sizes and better leverage.
Keeps You Disciplined: Many firms require strict adherence to risk management rules.
💡 Challenges to Consider:
Evaluation Phase: Most firms require you to pass a challenge or verification, proving your profitability and discipline.
Daily/Overall Drawdowns: Strict rules on losses can be unforgiving.
Profit Splits: A portion of your earnings goes to the firm.
📈 Is It for You?
If you’re confident in your strategy and risk management, funded accounts can be an incredible opportunity.
If you’re still learning or struggle with discipline, it might be better to focus on improving your skills first.
🏆 Popular Funded Account Firms:
FTMO, Alpha Capital Group, The5ers, and more! Research each one to find the best fit for your style.
Have you tried a funded account? What was your experience like? Let’s discuss below!
Frontline FRO possible Breakout targeting $28Analysis
Trendline Breakout: Recently broke above a downward trendline; potential for bullish momentum.
Support and Resistance: Watch for support near the trendline and next resistance around 25-26 levels. Recent high volatility.
Key Points for Trading:
Entry Point: Consider entering on pullbacks to the trendline if volume confirms.
Risk Management: Set tight stop-losses below the trendline.
Target: Aim for resistance levels at $26,60 and $28,60 for potential profit taking.
Continued Monitoring: Watch price action and volume for sustained breakout strength.
Trend Forecast:
Bullish Bias: Short-term bullish trend possibly forming.
Support Level: Watch for support around the $23 mark.
Resistance Level: Immediate resistance near $25-$26.
Forecast Summary:
Expected Movement: Potential retest of resistance near $25-$26, with pullbacks to support.
Triggers: Earnings reports, market news, or geopolitical events could impact movement.
Risk: Tighten stop-losses to manage risk effectively.
Comparing Full Time Trading and Full Time Job
Hey traders,
In this educational article, we will compare full-time trading and full-time job .
THE MONEY
And I guess, the essential thing to start with is the money aspect.
Full-time job guarantees you a stable month-to-month income with the pre-arranged bonuses.
In contrast, trading does not give any guarantees. You never know whether a current trading month will be profitable or not.
Of course, the average annual earnings of a full-time trader are substantially higher than of an employee. However, you should realize the fact that some trading periods will be negative, some will be around breakeven and only some will be highly profitable.
Sick-leave & Vacations
In addition to a stable salary, a full time job usually offers a paid sick-leave and vacation , while being a full-time trader, no one will compensate you your leaves making the position of an employee much more sustainable.
Office
Being an employee, you usually work in an office with the fixed working hours . Taking into consideration that people often spend a quite substantial time to get to work and then to get home, a full-time job typically consumes at least 10 hours, not leaving a free-time.
In contrast, full-time traders are very flexible with their schedule .
Even though they often stick to a fixed working plan, they spend around 3-4 hours a day on trading. All the rest is their free time, that they can spend on whatever they want.
Moreover, traders are not tied to their working place. They can work from everywhere, the only thing that they need is their computer and internet connection.
No Boss
Traders normally work alone. The main advantage of that is the absence of a subordination . You are your own boss and you follow your own rules.
However, such a high level of freedom breeds a high level of personal responsibility . We should admit the fact that not every person can organize himself.
In addition to that, working alone implies that you are not building social connections and you don't have colleagues.
Being an employee, you are the part of a hierarchy . You usually have some subordinates, but you have a supervisor as well.
You are constantly among people, you build relationships, and you are never alone.
There is a common bias among people, that full time trading beats full time job in all the aspects. In these article, I was trying to show you that it is not the fact.
Both have important advantages and disadvantages . It is very important for you to completely realize them before you decide whether you want to trade full time or have a full time job.
NZD/CHF Long, EUR/AUD Short and EUR/NZD ShortNZD/CHF Long
Minimum entry requirements:
• 1H impulse up above area of inflection.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/AUD Short
Minimum entry requirements:
• 1H impulse down below area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
EUR/NZD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
SEDG Solaredge - More losses ahead?Solaredge Chart Analysis
The stock is in a clear downtrend since February
with a Significant resistance level at around $32.11
The Minor support seems at around $17.12
Increased volume during price drops indicates strong selling pressure and
Prices below the EMA are clues for bearish momentum
Key Points for a Trade
Entry: Consider waiting for a break below support or a pullback at resistance.
Stop-Loss: Set slightly above recent swing high ($24) to manage risk.
In case of pullback look for Stops at around $32.90
Trend continuation: Be cautious at EMA crossover or strong volume spikes, which could indicate a trend reversal.
Additional Clues:
Todays Put Option Volume increased 1,4 times of what was expected indicating bearish flow
UBER Breakaway or Pullback? Trend Analysis
Bullish Momentum: Strong upward momentum with a recent gap up indicates bullish sentiment.
Breakout: Price has broken through previous resistance levels, suggesting continuation.
Price Action Analysis
Gap Up: Significant gap up on high volume signals strong buying pressure.
Pullback Levels: Potential support near $82 could provide buying opportunities.
Indicator Analysis
Volume Surge: High volume confirms the strength of the breakout.
EMA Support: Exponential Moving Average trending up, supporting the bullish outlook.
Forecast Summary
Expected Movement: Anticipate further upward movement, possibly testing new highs.
Key Support and Resistance Levels:
Support Level: Around $80, previously a resistance.
Resistance Level: Near $87, recent high.
Additional Support: Potential at $77, recent consolidation area.
Additional Resistance: Beyond $87 towards $90, historically significant zone.
Triggers/Events: Earnings reports or market news may impact volatility and direction.
Trading should focus on buying opportunities during pullbacks, monitoring key support levels, and staying alert for market events that could influence price dynamics.
EUR/JPY Short, GBP/NZD Short and USD/CHF ShortEUR/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/NZD Short
Minimum entry requirements:
• 4H risk entry.
or
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CHF Short
Minimum entry requirements:
• 1H impulse down.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/JPY Short, AUD/JPY Short and CAD/CHF ShortNZD/JPY Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
AUD/JPY Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
CAD/CHF Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
CAD/JPY Short and CHF/JPY ShortCAD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of inflection.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
CHF/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of inflection.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
CAD/JPY Short and CHF/JPY ShortCAD/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
CHF/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
USD/CAD Short, NATGAS/USD Short and GBP/NZD LongUSD/CAD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NATGAS/USD Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/NZD Long
Minimum entry requirements:
• 1H impulse up above area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
Gold Shines as Dollar Dips: A New All-Time High in SightHey Realistic Traders, let’s dive into the analysis of OANDA:XAUUSD .
In the daily timeframe, gold has formed a symmetrical triangle followed by a breakout above the upper trendline. Recently, the price retested this trendline and continued to move upward. Analyzing the trend, gold remains above the EMA34 line, indicating a bullish trend. Additionally, the MACD has made a bullish crossover, signaling upward momentum. With these technical indicators aligning, we are looking at a potential continuation of this upward movement toward Target Area 1 at 2,625 or even Target Area 2 at 2,739. However, bears might find some hope if the price manages to break below the support level at 2,426.
The bullish trend is also supported by fundamental factors, as Federal Reserve Chairman Jerome Powell recently confirmed that interest rate cuts are likely in the near future. This has weakened the dollar compared to other currencies and commodities, further boosting the appeal of gold.
Disclaimer: "Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Gold. "
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NQ idea $$$ no need for MapBook "Perseverance is not a long race; it is many short races one after the other." — Walter Elliot
I predict will be heading back to the support level where market makers left sellers looking very sad.
(19415 area)
If you were looking at Bookmap which I am not 9 times out of 10 it would show there are orders waiting in at area.
They have to drop price and come back and get that liquidity they left down in the 19415 area. (W) formed
Thanks and hopefully this information benefits you .... like share and follow chat !!!!
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