Foreword In this analysis I want to make an attempt at forecasting both the date and the price range at which Bitcoin will top at in the coming bull-cycle. The forecast is 100% based on historical data and is based on math and not on feelings, so be prepared to see some numbers and formulas. This analysis is speculative in nature because we're forecasting the...
A quick run through of the pairs I have on watch for today. CPI yesterday and PPI today, trade safe and do not be silly!
Hello traders! Yesterday, the couple made a buy move because the US inflation came out less than it was thought to come out. The pivot (1.08860). If the price manages to break the level (1.08860), then we will have a buy movement at the levels (1.09310); (1.10000) ; (1.11040). My opinion is that the pair will keep the bullish movement. Wait to enter the trade! Be...
Hello traders! Yesterday, the couple made a buy move because the US inflation came out less than it was thought to come out. The pivot (1975.00). If the price manages to break the level (1975.00), then we will have a buy movement at the levels (1988.00); (1995.00) ; (2002.00). My opinion is that the pair will keep the bullish movement. Wait to enter the trade! Be...
Bitcoin's long-term price action is following many patterns, one of them is seen on the Monthly RSI. As seen on the chart, the monthly RSI is following a very clear channel in which is oscillates. Bitcoin tops at the top of the channel and Bitcoin bottoms at the bottom of the channel. Trading this pattern has resulted in traders buying the general bottom and the...
Here I have GBP/JPY on the 1Hr Chart in what looks to be a Pennant Pattern!! We've had 2 tests of the Falling Resistance and 2 tests of the Rising Support! There is still room for price to play in the "Pinch Point". As of now I have a Bullish Bias on this idea because price was in a Uptrend prior to entering this pattern! Along with GBP showing strength across...
Here I have BNBUSD on the 1hr Chart showing what looks to be a completed Head and Shoulders pattern!! With price having tested the "Neckline" three times after completion of both Shoulders and the Head! I believe what we will see next is the Bearish Break of the Neckline to validate the reversal pattern and continue LOWER!! **Chart Patterns are known to fail...
We have explained to you the extremely important price levels and told you which areas are important with detailed explanations and indicator confirmations and price action confirmations. So definitely from this analysis.
SELL - SHORT DYDX/USDT 🔰Entery: = 1.59 - 1.54 - 1.467 ❇️Targets 1️⃣1.45 2️⃣1.43 3️⃣1.4 4️⃣1.359 5️⃣1.296 🧯Stoploss : 1.63
The current area support is very suitable for continuation of the upward trend
In my most recent BTC analysis I wrote about the pending break out of this bullish channel. Bitcoin indeed broke out, reached 38.000$, but reversed quickly. Leveraged trades reached a climax after Ethereum's ETF announcement, which gave traders a reason to sell the breakout and buy the correction. Most alts corrected around 20% at the lows, which is healthy...
#UFO Gaming is following the PARABOLIC ARC pattern. It is NOT a Financial advice. TP 1: 1300 --> Done, TP 2: 1600 --> Done, TP 3: 2000 ,TP 4 (Yellow Line): 2350 #UFOUSDT #Parabolic #Arc #Pattern
Like most alts, ETH has been seeing very decent gains over the last few weeks. However, ETH has not yet broken out of the bear market range, which is well defined below the purple resistance area. This resistance area ranges from $2000-$2150. If ETH does not manage to break through this resistance, we can't call the bear market over. On the contrary, if this...
Today, I want to share an interesting pattern that BTC has been respecting lately. 1️⃣ First, in June, after a bearish trend, BTC formed a falling correction /pause, and then we experienced a shift in momentum from bearish to bullish. 2️⃣ Then, in mid-July, after a bullish trend, BTC formed a rising correction and then reversed. 3️⃣ In September, once again,...
Mazagon Dock Ship Builders Ltd. recently announced that the company will pay dividend to its shareholders for which the record date has been set at November 20, 2023. This will be the highest dividend the company has ever paid till date. We have previously seen the company pay dividend to its shareholders in the past so it has a good track record of giving growth...
LUNC has been massively shorted over the last year, and with good reason, since the token is practically dead. However, this amount of shorting poses a risk for the bears. If we get more bullish price action in the near future, the amount of shorts being squeezed (liquidated) could result in a huge bullish move upwards. For now it's just speculation, but it's...
Hello, everyone. I hope you're all having a great start to the week. Let's analyze the GBPCAD chart and explore a potential selling opportunity in this pair. However, please keep in mind that since we've also posted another idea for EURCAD, it's advisable not to take both of these ideas simultaneously, as it could increase your risk and disrupt your money...
Bitcoin has been gradually trading upwards since the huge move late October. As seen on this chart, BTC has continuously making higher-lows alongside the purple dotted support line. As of earlier today, BTC hit the support again and saw a bounce from the lows. However, as long as we're below the yellow dotted resistance there might be a higher probability for...