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1-2-3-pattern

🔥 Bitcoin: VERY Similar Fractal Found! New Highs Soon?In this analysis I want to talk about a fractal that I recently found. Was looking at Bitcoin's price action over the last few weeks, and realized I recognized that pattern. Bitcoin has been following a very similar pattern (fractal) as the SP500 did during the 2022 bear market and the 2023 bull-market. Keep in mind that fractals will rarely be exactly the same, so some minor deviations are to be expected when comparing both charts. Won't dive too deep into details, but you can clearly see that Bitcoin is following the SP500 fractal. 1-2-3-4 are lower-highs, blue arcs are three lower-lows and two higher-lows. In purple a 3-waved bull-flag and a yellow dotted resistance at the 0.786 Fibonacci retracement. It looks extremely similar. Only deviation thus far has been the price action over the last few 2 days. I'm not using this fractal comparison to claim BTC will go up guaranteed, but it's at least a point for the bulls. IF this fractal plays out, expect a new all-time high in the next 1-2 weeks. Happy to hear your thoughts about this fractal 🙏
Long
by FieryTrading
7
🔥 When Will Bitcoin Reach The Cycle Top? In this analysis I'm going to take an attempt at making an educated guesss at when Bitcoin will top, purely based on price action. On the chart you can see Bitcoin's price action over the last 13 years on the 2-week chart. The arrows are drawn from the first candle close above the previous all-time high (purple lines). In short, it takes between 17 - 24 bars (34 - 48 weeks) before Bitcoin reaches it's cycle top, 20 bars on average. Seeing that we're currently at the first candle close above the last ATH, we can extrapolate previous data and reach the conclusion that Bitcoin will top in December 2024. When do you think that Bitcoin will top? Share your thoughts!
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INDEX:BTCUSDLong
by FieryTrading
53
🔥 Bitcoin Bottom Might Be Near! Bull-Market Continued 🚀In this analysis I want to discuss the possibility that Bitcoin's temporary correction might be at the ending stages and that the bullish trend might continue in the near future. I want to look at two things: - The price has hit the purple dotted support on the chart. - The RSI has hit oversold on the 4H chart for the first time since late January, at the start of the bull-run that took us from 39k > 74k. These two factors combined make me believe that a bottom is potentially near and that we can make a decent trade off this area. Target at 80k, stop below the March 5th dump, to create a good trade with a RR of exactly 5.
Long
by FieryTrading
41
🔥 Bitcoin: The Most Accurate Cycle Top Forecast To Date! 🚨Preface This analysis is based on historical price action. Since BTC only had a couple of cycles before, the data presented is based on just a few observations. Furthermore, this analysis will use calculations based on a mathematical model based on these few observations. TLDR/Summary at the bottom. Goal of this analysis In this analysis I'm going to take an attempt at making an educated guesss at when Bitcoin will top, and around which value it will top. With the information at hand, I'm reasonably certain that this is one of the best forecasts currently on the market. Indicators and Assumptions The first indicator on the chart is the Bitcoin Logarithmic Bands indicator, a personally made indicator which tries to calculate a Bitcoin top during a certain time frame by calculating a bottom and top band within BTC will top. More information below: The second indicator (or better said, assumption) that we use is the fact that Bitcoin has previously always topped between 34 - 47 weeks AFTER closing a weekly candle above the previous all-time high. I came to this conclusion after making this analysis below: Making the calculation 34 weeks after the 4th of March = 28th of October. 47 weeks after the 4th of March = 27th January. If the above will remain true for this cycle, we can expect Bitcoin to top between October 28th 2024 and 27th of January 2025. Now that we know the dates, we can also easily calculate the values. Naturally, we assume that the Bitcoin Logarithmic bands indicator will hold. (rounded for readability) 28-10-2024 lower band: 135.000$ 28-10-2024 top band: 195.000$ 27-01-2025 lower band: 144.000$ 27-01-2025 top band: 208.000$ Summary Based on the "New ATH to Top" model and the "Bitcoin Logarithmic Bands" model, we calculated that Bitcoin will top between 28-10-2024 and 27-01-2025, with a value between 135.000$ and 208.000$. Enjoy this analysis? Leave a like and a comment 🙏
INDEX:BTCUSDLong
by FieryTrading
21
RUNE - Good Potential LONG trade#RUNE/USDT #Analysis Description --------------------------------------------------------------- + RUNE has unmistakably breached the resistance and is currently consolidating within a defined range. + The successful retest of the price reinforces the bullish sentiment, indicating a potential continuation of the upward trend. + With this in mind, I anticipate further price appreciation and am initiating a long trade with a risk allocation of 2% of the capital. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 9.05 Stop Loss: 6.75 ------------------------------ Target 1: 10.5 Target 2: 13.6 Target 3: 16.5 Target 4: 19.6 Target 5: 25.5 Target 6: 31.0 ------------------------------ Timeframe: 1D Capital Risk: 1-2% of trading capital 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
INJ - Holding strong in support and expected to bounce backAs you can see in the chart, this is the 4th time INJ is bouncing back from support and showing a bullish sentiment. We can this trend to continue and the next target for INJ is around $70 Entry level: $ 28-32 Stop loss level $ 23 Target 1: $39 Target 2: $45 Target 3: $ 59 Target 4: $ 69 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
2
Perfect Falling Wedge Breakout BINANCE:TLMUSDT (4H CHART) Technical Analysis Update TLM is currently trading at $0.01361 and showing overall bullish sentiment after the falling wedge breakout We are seeing a clean falling wedge pattern with a perfect breakout signalling a bullish momentum. Entry level: $ 0.01309 - 0.01360 Stop loss level $ 0.01193 Target 1: $ 0.01429 Target 2: $ 0.01616 Target 3: $ 0.01733 Target 4: $ 0.01976 Target 5: $ 0.02173 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
4
DOGEUSDT - Confirmed Breakout - Enter on RetraceBINANCE:DOGEUSDT (4H CHART) Technical Analysis Update DOGE is currently trading at $0.08319 and showing overall bullish sentiment after the breakout from the descending triangle pattern. We are expecting the price to retrace back to the support line and once it hits the support we can enter the long position. Entry level: $ 0.08091 - 0.08316 Stop loss level: $ 0.07473 Target 1: $ 0.08599 Target 2: $ 0.08958 Target 3: $ 0.9814 Target 4: $ 0.10733 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
SKL - Saucer Pattern - Aliens are HereBINANCE:SKLUSDT (1D CHART) Technical Analysis Update SKL is currently trading at $0.08978 and showing overall bullish sentiment after forming saucer pattern As you can see in the chart, SKL formed saucer pattern previously and had a nice long trend after the pattern, Currently it formed the exact same pattern. We are expecting the price to move in the same way. We can enter a position at current price while keeping stop loss around the next weak support zone. Entry level: $ 0.08985 Stop loss level: $ 0.06945 Target 1: $ 0.09977 Target 2: $ 0.11238 Target 3: $ 0.13936 Target 4: $ 0.16924 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
1
BANDUSDT - Triangle Breakout and Heading towards next ResistanceBINANCE:BANDUSDT (4H CHART) Technical Analysis Update BANDUSDT is currently trading at 1.80 $ and and successfully breakout from the triangle pattern, its heading towards the next resistance around 2.0 We can expect the trend to continue and out final target is around 2.3 Long Entry level: $ 1.8 Stop loss: below $ 1.621 Target 1: $ 1.9 Target 2: $ 2.0 Target 3: $ 2.1 Target 4: $ 2.3 Max Leverage: 2x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
1
XLM/USDT - Breakout of the year | Few more days left BINANCE:XLMUSDT (1D CHART) Technical Analysis Update XLM is currently trading at $0.1356 and showing overall bullish sentiment the price is currently around the resistance zone and the price was rejected around this resistance level 4 times in the past. This resistance level is very critical for the price to move above the resistance level. If the breaks the resistance then we can see a sudden pump in the price similar to the past. Entry level: $ 0.1383 (After the breakout) Stop Loss Level: $ 0.1221 TakeProfit 1: $ 0.1451 TakeProfit 2: $ 0.1531 TakeProfit 3: $ 0.1629 TakeProfit 4: $ 0.1753 TakeProfit 5: $ 0.1979 Max Leverage: 5x Don't forget to keep stop loss. Follow Our TradingView Account for More Technical Analysis Updates, | Like, Share and Comment Your thoughts. Cheers GreenCrypto
Long
by GreenCryptoTrades
🔥 Bitcoin's Next Macro Target: What To Expect SoonIn my last bullish BTC analysis I wrote about the idea that a short-term bottom had been formed and that were likely to bounce from said area. As of today, this signal appears to be a great success. I also made a bearish signal recently, but that entry target had not been hit, so nothing lost. In this analysis I want to take a look at Bitcoin's next macro target. The resistance is drawn from connecting the 2021 tops with each other and extrapolating said line. In my eyes, this will likely be Bitcoin's next target and can potentially be a long-term resistance from which we bounce. Expect heavy selling around this resistance area. For now, it's looking like BTC will continue the uptrend. Happy to hear your thoughts!
Long
by FieryTrading
5
Gold can leave pennant, break support level and then make retestHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price recently traded in the buyer zone, where XAU soon reached the 2040 support level and broke it. After this movement, the price made retest and then started to trades in an upward pennant, where firstly Gold made a strong impulse up to the current 2150 support level, which coincided with the support area. After this, the price broke this level and rose to the resistance line of the pennant, but at once turned around and in a short time declined to the support level. Soon, the price turned around and some time traded between the resistance line and this level, and last time Gold fell to the support line of the pennant, where at the moment trades very close. So, in my mind, Gold can exit from the upward pennant, break the support level, and then make a retest. After this movement, I think also that XAU can continue to decline, therefore I set my target at the 2110 level. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
2
Get Ready for Huge upside as PVRINOX at Support !!PVRINOX is around the long term support !! Long term support is working from 2008 and now around the support Long term support is around 1150-1240 In a weekly timeframe Stock is making falling channel Falling channel support is also coming around 1180-1240 We have confirmed these levels from 2 charts So Probability is higher that prices may bounce from these levels. Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:PVRINOXLong
by FiveCircles
🔥 Bitcoin In The Biggest Bull-Run Since 2016? Let's Discuss!Bitcoin has been performing exceptionally well over the last months. This cycle is the first cycle where Bitcoin has made a new all-time high (ATH) before the halving, instead of after. The most likely cause for this are the massive ETF inflows which boosted the price to new highs. Historically, Bitcoin has always peaked in Q4 of the next year after the halving. In this case, it would mean that BTC will peak in Q4 of 2025. Seeing that we're already at 70k in Q1 of 2024, this could lead to some issues. There's a few possible outcomes and explanations that I want to share. 1: This cycle will be similar to 2016 and we will continue to go up in a relatively stable straight line until Q4 of 2025. Bitcoin could reach >300k because of the continued buying power from ETF's. 2: This cycle is outperforming the past cycles, which is not possible due to diminishing returns theory (bull and bear markets will be less extreme). Considering that we "should" top in Q4 of 2025, we will see a long period of sideways/bearish price action in order to get the white line under the blue and purple lines. Top will be in Q4 of 2025, but a lot lower. Think 150k. 3: Diminishing returns theory will hold, but we will top much earlier than Q4 2025. In another analysis that I recently made I discussed the fact that BTC on average tops 40 weeks after a new all-time high has been made. This would lead to a cycle top in Q4 of 2024. With Diminishing returns still in play I'd guess we can top somewhere between 100k-150k. It's going to be interesting to see which historically accurate theories will be broken this cycle, seeing that this is the first time that BTC made a new ATH before the halving. Best case scenario would be a long cycle with a price as high as possible. What is your view on a new ATH before the halving? Which scenario do you deem most likely? Share your thoughts.
INDEX:BTCUSDLong
by FieryTrading
16