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1-2-3-pattern

🔥 Bitcoin Inverse Head & Shoulders: Back To All Time Highs!Bitcoin has been trading fairly neutral over the month or so. In the process, an inverse head & shoulders has been formed. This is classically a bullish reversal pattern. In my eyes, this could be the definitive pattern to shoot BTC back towards the ATH around 73.5k, potentially even making a new ATH. Note: the pattern has not been confirmed yet, so wait for the price to break through the neckline for the pattern to be confirmed. Share your thoughts 🙏
Long
by FieryTrading
9
CHZ - Bullish on Weekly Chart#CHZ/USDT #Analysis Description --------------------------------------------------------------- + Looking at the weekly chart, CHZ is displaying a distinct breakout from the channel, indicating an overall bullish signal. + Examining the higher timeframe reinforces this bullish sentiment. + On the lower timeframe, we might anticipate a price pullback, presenting a favorable opportunity to improve our entry price through averaging. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.12756 Stop Loss: 0.04482 ------------------------------ Target 1: 0.16175 Target 2: 0.24233 Target 3: 0.35612 Target 4: 0.46627 Target 5: 0.90295 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
Long
by VectorAlgo
🔥 ADA: Don't Miss The Entry Of A LifetimeI've made several analyses on ADA before where I talked about this parallel channel and argued that there's a possibility of ADA going for the top of the channel in the coming bull-cycle. It's not a likely outcome, but with a R/R ratio of 116 it's worth the risk. This could be your best ADA entry for the rest of your life. The best entry would be from the support of the channel, maybe a bit lower on a wick of some sort. Keep an eye on this trade!
Long
by FieryTrading
12
The weekly on btcusd.Interesting weekly candle, a hammer that needs confirmation in the next 2 or 3 weeks. These types of patterns require confirmation within the following 2/3 sessions, they represent a retracement in the majority of cases, only if seen on the top or bottom can they represent a reversal, here we have no such scenario, the candle has manifested itself during an intermediate correction, ergo the retracement or correction could end here. Now we just need to observe the next weekly sessions, a perforation of the hammer low could mean that the correction is not over, but at that point the scenarios would change if this hypothesis were to manifest itself.
BITFINEX:BTCUSD
by Melupira89
🔥 Ethereum's Big Short: Conquer The Next Bear MarketThis analysis is based on a massive rising wedge pattern that has been developing over 7 years at this point. It's a long-term trade, so we have to be patient. The trade is simple; we're going to wait until the top of the next bull-market to enter a short on ETH. When this trade will activated remains to be seen. I'm waiting for ETH to touch the top resistance of the pattern. Rising wedges are often bearish reversal patterns, so we can ride the wave from ~15k all the way to ~3k potentially. Exact numbers will be clear once we actually arrive there. Assuming we're going to touch the top resistance, this trade can be double dipped: - Buy and hold until the top resistance has been hit for 400%-500% gains. - Short for another 60%-80% gain.
KRAKEN:ETHUSDShort
by FieryTrading
2
🔥 Bitcoin: Don't Miss This Massive Trade!In this analysis I want to elaborate further on my previous analysis where I talked about the daily RSI of BTC almost being oversold, which is historically a great time to buy during bullish long-term trends. As seen on the chart, I'm looking at both the RSI and the diagonal purple trendline. Ideally, the daily RSI will be lower than 30 and BTC will be trading closely around the trendline. This will activate the reversal trade. In my eyes, it's possible that said reversal will be the start of a new bullish trend for BTC, which can potentially take us all the way to 100k. Small risk, huge reward. What do you think?
Long
by FieryTrading
21
🔥 Bitcoin Blood In The Streets: A Great Buy Opportunity?""The time to buy is when there's blood in the streets." A quote that most traders are familiar with. It basically means to buy assets during periods of weakness. Bitcoin is currently experiencing a very volatily bearish period. With a daily RSI sitting around 32 points, it takes just one red day for the daily RSI to hit oversold levels. During strong long-term bullish trends, buying when the daily RSI hits oversold generally indicates a great time to buy. Seeing that the overall trend has been bullish for almost 1.5 years, I wouldn't pass on a potential swing-trade. Chances are that this is the final dip before 100k. Do I know for sure? No. However, it's a bet I'm willing to take. My overall perception is that there's likely more selling ahead from this point, but we cannot ignore statistical data. You buying the dip? Interested to hear your thoughts.
Long
by FieryTrading
8
🔥 Bitcoin Copying 2019? Massive Dump PotentialIn this analysis I want to discuss the possibility that Bitcoin is copying the 2019 mid-cycle bull-market and the following bear market. I don't see this as the most likely scenario, but it's still a scenario that can happen one way or another. As seen on the chart, Bitcoin saw a massive ~370% gain after bottoming in November 2022. A similar gain was achieved back in 2019, which ended up in a ~70% drop. I'm aware that the majority of the drop was caused by the COVID-dump. But, since the post-COVID bull-market also followed previous market patterns I don't see why we can't have a 70% dump again. A 70% dump from the 74k top would result in a move towards ~22k, a major hit for crypto as a whole. Furthermore, this would strongly diminish the probability of BTC topping out in Q4-2024 as mentioned in my analysis below. Maybe this cycle is going to be different all together? We reached a new ATH before the halving for the first time ever, so chances are that the cycle-theory is dead and that BTC is behaving as a highly volatile stock? Interested to hear your thoughts!
INDEX:BTCUSDShort
by FieryTrading
16
KOTAK Bank is going to blast Upside !! Kotak Bank is around Long term Support !! Stock is consolidating since 2020 and has given No returns so far In a rangebound market one should always Buy around the support !! Stock is forming base around 1600-1650 level. Also Stock is around EMA support and on RSI Support on a Weekly Timeframe All these indicating Technically Stock is at good Support Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:KOTAKBANKLong
by FiveCircles
2
🔥 Bitcoin Going Nowhere: Waiting For Clarity!Bitcoin's has practically not moved over the last two weeks. Zooming out, BTC has been trading within a bearish channel since the start of March. I've made several bearish posts before, where I expected the halving to turn out to be a sell-the-news event. Thus far, that expectation has not really played out yet, which is good for the bulls. We cannot deny the fact that the long-term trend is still bullish, with a bull-flag scenario being a reasonably possible outcome. Still, there's nothing to say as long as BTC trades within the supports and resistances drawn on the chart. Market has been incredibly choppy, so the only ones that are making consistent money are the market makers. I'm waiting for clarity.
by FieryTrading
7