🔥 Bitcoin Losing Strength? My Perfect Entry!Let me preface that this analysis is not a prediction of bearish price action. My short-term bias is still bullish and I wouldn't be surprised if we make a new ATH before the halving.
That being said, I can very well be wrong on my bullish bias. Trading consists of IF>THEN. IF Bitcoin loses the uptrend, THEN we wait for the price to reach the bottom support of the channel.
We can also see a clear bearish divergence on the 3D chart (at the moment). Bears will be happy to see it, but I doubt it will post a long-term threat to the bulls.
Better be prepared in case things go south.
1-2-3-pattern
ADANI POWER, LONGAbove shown chart is of ADANI POWER, in Daily Time Frame.
This script has been found making Ascending Triangular Pattern.
Reasons, I love this Pattern :
3 supports on the lower trend line;
3 resistances on the upper trend line;
This pattern is made near All Time High zone;
Convergence of 21 & 50 Moving Averages;
Matches with current popular theme
One reason, I want to mention separately is, Volumes.
If you look at Volumes closely .. on 28 Nov '23, when the breakout happened, there was a huge spurt of volume. After a little consolidation, another huge green Candle with huge Volume bar. This shows the interest of the Bulls.
But what happened next is more interesting, the Price moved in a range for more than 8 weeks, with minimum volumes happening !
So, these are all the reasons why I'm liking this pattern.
Now, coming to Planning to our Trade.
Entry : a good entry point will be the Monday's candle. If it forms within, 570 - 580 price range.
Stop Loss : There are two lines, one green and one red. The green one I made, so that, if price goes below this .. we should be cautious now, for that you can set Trading view's alert feature. The red one is for, completely exiting the position, if price goes below that.
Exit : As usual, I'll leave this to individual's risk appetite and their comfort zones.
I recommend you all, reading this, to take PAPER TRADE in this script. You should trade by making your own setups .. take, what I shared with you, as an IDEA.
Let's see, how it goes.
Thank you .
Bitcoin: Fake Out Signal - Watch Out Bears!Bitcoin has been trading within a well-defined range since a week. A few days ago, the range has set a clear low around 50.600$. My expectation is, in case the yellow support area will fail, that BTC will make a fake out to trick the bears.
Longer-term time frames are still overly bullish, so the path of least resistance is up at this point. Ideally, we will see an hourly oversold reading on the RSI, which would further strengthen the bullish fake-out case.
PEL : Biggest Breakout of 4 month Piramal Enterprises has formed Descending Triangle pattern
Stock has given huge breakout around 930 levels
Target would be around 1150-1100
850 is Strong support for long term
If we correct then prices may take support around 850 levels.
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
BINANCE:SC/USDT - Channel Breakout | LONG Opportunity---------------------------------------------------------------
Description
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+ A Channel formed after sudden crash
+ Price is consolidating in this range.
+ Since overall market is bullish, expect price to breakout upward
+ A LONG opportunity we have for high risk trade.
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VectorAlgo Trade Details
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Entry Price: 0.008655 - 0.008734
Stop Loss: 0.008095
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Targets 1: 0.009228
Targets 2: 0.009770
Targets 3: 0.010431
Targets 4: 0.011267
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Timeframe:
Capital: 1-2% of trading capital
Leverage: 5-10x
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Note: Don't forget to keep the stop-loss.
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Agree or Disagree with the ideas ? lets discuss in the comments.
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Regards
VectorAlgo
ONT/USDT - Continuation of the Pump 🫰#ONT/USDT Analysis
Description
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+ ONT is currently on the bullish trend and just hit the resistance line around 0.2631 range
+ I personally don't think this is a major resistance and we can expect the price to break this resistance and continue the bullish trend
+ Lets get a clear confirmation for the trend so i have added entry price above the resistance. This will give a confirmed trend.
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VectorAlgo Trade Details
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Entry Price: 0.2665
Stop Loss: 0.2306
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Targets 1: 0.2784
Targets 2: 0.2983
Targets 3: 0.3311
Targets 4: 0.3699
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
🔥 How To Time The Market: Become Rich With Ethereum!In this analysis I want to discuss a way to time the market. Or more precise: to time the next ETH market bottom.
We don't have a lot of trading data to look at, but we have 2 instances where this strategy has worked. The strategy is simple: buy Ethereum once the weekly RSI is below 30 and enjoy the ride.
Every single time that ETH has reached oversold, this was the bear-market bottom for the cycle and ETH pumped.
Make your life easier and put an alert on your chart. Might take a few years for the alert to hit, but at least you're going to be prepared.
Next time you will actually buy the bottom instead of selling it with this simple trick.
ZEEL : Bottom is MakingZEEL is around Long term Support
Support zone is around 130-150
And Stock is also making falling channel on a weekly timeframe.
Falling channel support is around 130-150
If we connect the dots we can see 1301-50 is the strong support zone.
We can expect price to bounce 150-200% from current prices.
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
🔥 ICP Next Bull-Run's BEST Comeback Trade: Short Squeeze?With BTC reaching above 50k, ICP confirmed a weekly bull-flag and has now made a higher-low above the Summer-2022 highs, confirming a long-term trend shift.
In this analysis I want to talk about potentially the best trade that you can make in the coming bull-cycle. ICP could be making a massive comeback and go back to the ATH values of around 2500$.
Think about it, with the power of social media and influencers, helped by relentless shorting, ICP could be entering some kind of short-squeeze scenario where massive gains can be realized in a short period of time.
Be aware: this is a risky trade with a small chance of success. Still, the potential pay-off makes up for the potential loss.
Happy to hear your thoughts 🙏
The weekly on btcusd.The weekly close that the price has drawn is a good signal given that it closed above the previous high made with a shooting star, therefore the short-term retracement is over and we could see weekly candles of +10%. The market here is cleaning up some excess due to the rise and break of the previous highs at 49k USD, therefore in the short term or rather very short term. After breaking an important level such as the 45/49k USD area, the price here is telling us that it has bullish intentions, there is no doubt, the strength is there, the volatility is evident, what else is needed? We are in a moment that seems like the prelude to a bullish explosion, I do not exclude that the price could also catch its breath a little in the short term given the ride of the last 20 days.
FAIRCHEM OR : Multibagger Returns Soon !!FAIRCHEMOR stock has made Big Broadening Pattern
And around the support of Broadening pattern stock has made Ascending Triangle pattern
Also Stock has given Breakout of Ascending Triangle pattern
We can clearly see Breakout with Huge Green Candle!!!!
Stock can show 2100 levels in coming weeks
Which is 50% from here on.
Broadening Pattern target is 3000+
Which is more than 100% From current price.
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
#stock #stockmarket #investing #money #finance #trading #investment
HOOK - Wedge pattern is nicely formed---------------------------------------------------------------
Description
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+ Falling Wedge pattern is formed nicely and price broke out from the wedge pattern
+ Price is currently at 0.9041 and looking a nice profits if its reached my next target of 1.384
+ Falling wedge pattern has good accuracy and this is a trade with good opportunity.
+ Price is also showing bullish divergence from the RSI which is a good bullish sign
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VectorAlgo Trade Details
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Entry Price: 0.9029
Stop Loss: 0.7742
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Targets 1: 0.9680
Targets 2: 1.0504
Targets 3: 1.1571
Targets 4: 1.3843
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Timeframe: 1D
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
BINANCE:DUSK/USDT - Flag Pattern Formed---------------------------------------------------------------
Description
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+ DUSK just formed a nice flag pattern
+ Once flag breakout we can enter a trade.
+ This pattern has high accuracy so you can confidently enter the trade.
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VectorAlgo Trade Details
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Entry Price: 0.2783
Stop Loss: 0.2402
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Targets 1: 0.2943
Targets 2: 0.3124
Targets 3: 0.3390
Targets 4:0.3764
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Timeframe: 4H
Capital: 1-2% of trading capital
Leverage: 5-10x
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Note: Enhance, Trade, Grow
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Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
🔥 WLD New All Time High: Resistance Incoming!WLD keeps performing extremely well and has made a new ATH as of this morning. Bulls are definitely winning here.
On the other hand, WLD is approaching a major area of resistance, the area from the all-time high to the yellow top resistance.
Bulls should be on watch. Still, with the trend being so strong I wouldn't be surprised if WLD gets through this area in the next days. In case we can break through the top yellow resistance I'm looking at a 10$ target.
VIPIND : Best Swing Trading OpportunityVIP Industries has given Zero Returns from last 3 years
VIP Industries Stock currently around the support which was working as Resistance.
Stock has also formed Falling channel in short term and now around 500 levels is coming support from these 2 factors.
So stock is around the support and looking good for swing trading !
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
#stock #stockmarket #investing #money #finance #trading #investment #VIP #VIPIND
🔥 CHZ Massive Bull-Flag About To Break Out!After a massive ~250x during 2020-2021, CHZ has been slowing declining in value and lost nearly 95% of its gains at some point. During this low-volatility period, a huge bull-flag has appeared on the chart.
With BTC breaking to multi year highs, CHZ had to follow at some point. I'm aiming for a breakout of the pattern with a target of around 1$. By keeping our stop close we can create a very decent R/R of around 25.
🔥 XRP Has Some Huge Upside: Follow The Trend!XRP has been gradually trading upwards since the massive crash in June 2022. Even though the trend is slow, it's still bullish over the long-term.
As seen on the chart, we've yet again bounced from the bottom diagonal area of support. With BTC trading at 52k, we have to consider the idea that the bull-market is about to start and that XRP can see some great gains over the next months.
Tesla Mimicking McDonalds' 75 Percent DropHere's an overlay of $MCD in yellow from 1980 to 2005 lined up to the 75% drop in $MCD on the "Dollar Menu" price wars, store closings and YOY% sales decline for $MCD back in 2002. It was a disaster. Well, $TSLA has the same 75% drop to the current low. Maybe they mimic, maybe they don't. Just interesting!
Here's the $MCD chart and the part that I copied and pasted... the huge run-up and the 75% correction. I lived through the $MCD collapse, as did a buddy of mine who is a broker and was buying all the way down from 50% down to 75% down and made a great fortune for his clients on the 10X rally over the next 10 years
The % rallies aren't that comparable for $MCD and $TSLA, but the pattern is similar to me. A global brand with a solid track record facing a short term challenge and competition and fears.
🔥 Bitcoin's Moment Of Truth: Will The Bulls Win?Over the course of the last months I've made plenty analyses on the bullish channel that BTC is trading in. As of today, BTC is seemingly making first steps to break out of this channel.
This area will be likely highly contested by bulls and bears. Bears will see a perfect entry for a short, bulls will see a perfect entry to exit (part of) their long position. We're going to need some serious buying volume in order to get through the top resistance of the channel.
In case the bulls will push through, I'd want to see a weekly close above the resistance to confirm the break out. After that, the next major resistance is the all-time high.
Do you think the bulls will win this war? Share your thoughts in the comments 🙏
🔥 Bitcoin New All-Time High Before The Halving VERY Possible 🚀As of today Bitcoin has made new bull-market highs and is likely breaking through the 48,200$ resistance level from back in March of 2022.
As mentioned in other analyses, this was my main resistance before the ATH. After 48.2k, there's realistically no real strong resistance apart from the 69,000$ ATH.
Consequentially, this next leg up can very well take us to a new ATH before the halving will evenn take place. This has never happened before during any bull-run and will likely make people question the "halving causes bull-markets" narrative.
Seeing that the halving is around 2.5 months away, it's very possible that BTC will close the ~38% gap from now till then, especially whilst being boosted by halving and ETF optimism.
Do you think that BTC will make a new ATH before the halving? Share your thoughts.