GBPUSD looks ready for its next up-legGBPUSD broke above key levels, triggering a double top pattern with targets near 1.4778. In this video, we discuss risk-reward adjustments, why reducing your stop makes sense, and how to deal with sideways markets and small triangle setups. Learn why taking smaller profits can sometimes lead to better long-term results. Leave your thoughts in the comments.
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Bitcoin Short: Wave CAfter a 6-days move up after we have hit our target in the previous analysis, I think Bitcoin has completed what I think to be the Wave B and is already on the Wave C run down.
Over in this video, I expressed my personal viewpoint that Bitcoin is not a hedge against the dollar and that it is actually a risk-on/off product more similar to the equities markets like the S&P500. I recommend that anyone who is interested to perform a study on the correlation and beta Bitcoin.
I suggested that the reason why it more closely related to the equity markets is due to it's deep integration within the financial sector (e.g. ETFs, structured products from banks).
Given that I think that the equity markets are primed to crash soon, I think that Bitcoin will follow suit.
Good luck!
Keep Trading Binary.....buy or sell? then support your argument All the information you need to find a high probability trade are in front of you on the charts so build your trading decisions on 'the facts' of the chart NOT what you think or what you want to happen or even what you heard will happen. If you have enough facts telling you to trade in a certain direction and therefore enough confluence to take a trade, then this is how you will gain consistency in you trading and build confidence. Check out my trade idea!!
tradingview.sweetlogin.com
S&P 500 Short Update 2: Shifting wave degreeHi all,
As I explained in this video, the previous idea was invalidated because of an issue with "degree" of wave that a fellow watcher of my idea rightly pointed out in the comments section. I did the change on this video and explain the mistake I made in the previous idea.
In this video, I also talked about the last wave, how it can still be the peak but on the bigger picture, it is still too small compared to wave 1 and 3.
I then recommend 3 "safer" entry points:
1. One reversion trade at the top of the trendline.
2. One breakdown from the diagonal trendline.
3. One breakdown from the 4th wave support price.
Which entry point(s) you choose depends on your personal preference and opportunity. The stop will be above where you identify as the peak at your point of entry.
Good luck!
06/11/25 Trade Journal, and ES_F Stock Market analysis
EOD accountability report: +1200
Sleep: 7 hours
Overall health: Good
What was my initial plan?
Did not wanted to trade the market today unless we had multiple signals and confirmations because CPI data had already moved the market so much.
Daily Trade recap based on VX Algo System from (9:30am to 2pm)
— 10:00 AM Market Structure flipped bearish on VX Algo X3!
— 10:00 AM VXAlgo NQ X1 Buy Signal,
— 10:30 AM Market Structure flipped bullish on VX Algo X3!
— 11:08 AM VXAlgo ES X1 Sell Signal (double signal)
— 11:48 AM VXAlgo ES X3 Sell Signal
— 12:00 PM Market Structure flipped bearish on VX Algo X3!
— 12:30 PM VXAlgo ES X1 Buy signal (double signal)
— 1:35 PM Market Structure flipped bullish on VX Algo X3!
Next day plan--> Above 6000 = Bullish, Under 5990 = Bearish
Video Recaps -->https://tradingview.sweetlogin.com/u/WallSt007/#published-charts
BTCUSD CONSOLIDATING AT SUPPORT LEVEL $108192After BTCUSD Made ATH 112320 last month with correction to 101567 then push back to 110326 we can see the price finding 110245 as a major Resistance level a pullback to 108567 shows a strong ranging between 108200 to 110245, with current price trading at 108532,if the support hold strong we can see the price wrestling to 110455
$MGC (Gold) Pos-Market Update - June 11, 2025Huge moves happening on gold, price is now in a level in which it could invalidate our ABC scenario. At this moment, I'm not changing my bias. I would like to see a break above that 3397.5 level before that happens.
- Key levels: 3397.5, 3387.6, 3372.8, 3366.7, 3339.7
GME COLLAPSE - NET SELLOFF - MARKET ANALYSISGameStop (GME) is dropping in after-hours trading following its $1.3 billion convertible senior notes offering, which investors see as potential dilution. Similarly, Cloudflare (NET) is also falling due to concerns over its $1.75 billion convertible debt offering, which could impact shareholder value.
On the flip side, Oracle (ORCL) surged after reporting strong Q4 earnings, with cloud infrastructure revenue expected to grow over 70% in fiscal 2026. This could provide a tailwind for the broader cloud sector.
The market’s pullback today was much needed, with many stocks retesting key breakout zones
Broadcom - This was just the first all time high!Broadcom - NASDAQ:AVGO - just created new highs:
(click chart above to see the in depth analysis👆🏻)
Over the course of the past three months, Broadcom has been rallying an impressive +80%. However looking at market structure, all of the previous "dump and pump" was not unexpected. Following this recent bullish strength, Broadcom is likely to channel a lot higher.
Levels to watch: $250, $400
Keep your long term vision!
Philip (BasicTrading)
Microsoft - This might be the ultimate breakout!Microsoft - NASDAQ:MSFT - will break the all time high:
(click chart above to see the in depth analysis👆🏻)
If you wonder why Microsoft has been rallying +15% this month, market structure will give you an answer. In fact, the recent bullish break and retest was totally expected, and if we take into account the recent quite strong bullish behaviour, an all time high breakout will follow soon.
Levels to watch: $450
Keep your long term vision!
Philip (BasicTrading)
Nasdaq - This starts the next +50% rally!Nasdaq - TVC:NDQ - might break out soon:
(click chart above to see the in depth analysis👆🏻)
Despite the quite harsh correction of about -25% which we saw in the beginning of 2025, the Nasdaq is clearly heading for new all time highs. It sounds almost incredible but if the Nasdaq breaks above the current confluence of resistance, a breakout rally of +50% will follow thereafter.
Levels to watch: $21.500, $33.000
Keep your long term vision!
Philip (BasicTrading)
Review and plan for 12th June 2025Nifty future and banknifty future analysis and intraday plan.
Positional/short term stock ideas.
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