🔥 ATOM: Waiting For A Great EntryATOM has been trading in a bearish triangle pattern for almost two years at this point. The pattern is clearly drawn between the yellow area of support and the purple diagonal resistance.
After the most recent rejection of the resistance, I'm waiting for the price to reach the yellow area again. The yellow area will most likely function as a long-term bottom area, thus being a great entry in anticipation of the next bull-run.
1-2-3-pattern
🔥 Bitcoin Bulls Put Up A Fight: Still Waiting For A DumpYesterday we saw the BTC bulls put up a show with over 5% gains over the course of the day. Personally, I was not expecting such a bullish day to happen anytime soon. Part of the explanation is the oversold RSI on higher time frames for the first time in months, combined with shorts getting liquidated.
For now, I'm still not convinced that the bulls have the overhand in the short-term. A clear rejection from 42,200 indicates that bears are still dominating the short-term. However, if the bulls can pull through we might see a move towards 43,500 or higher.
I stand by my earlier analyses where I discussed my idea of the ETF being a longer-term top. To invalidate that analysis I'd like to see a move above 50k in the next 1-2 months. Personally, I think we're going to see 50k after the halving.
Time will tell.
1 Accurate Predictions Made by AI for Ethereum ( ETH.X)The Ethereum market, like any other financial market, experiences ebbs and flows, making it difficult to definitively declare whether it is "over." While periods of stagnation or decline may raise concerns, Ethereum and the wider cryptocurrency market have shown resilience over time, bouncing back from downturns. Current trends in Ethereum's trading patterns, analyzed using advanced tools like artificial intelligence, suggest a complex and ever-evolving landscape. Hence, it is more prudent to view the market through a lens of continuous change rather than a binary perspective of 'over' or 'thriving'.
Prediction #1. Uptrend Detected
AI, an artificial intelligence tool, has demonstrated a remarkable ability to detect bullish patterns in cryptocurrency trading, particularly with Ethereum (ETH.X). Notable instances include the identification of a bullish Cup-and-Handle pattern in December 2023 (On December 25, 2023, AI detected a Cup-and-Handle Pattern (Bullish) for Ethereum cryptocurrency (ETH.X, $2272.562000). On December 27, 2023, AI confirmed the Bullish pattern, setting a target price of $2464.050000. 14 days later, on January 10, 2024, ETH.X reached the target price resulting in a +13.62% for traders who took a long position in the stock.).
These patterns suggest a dynamic market where upward trends are observable, offering opportunities for astute traders to capitalize on these movements.
Trading based on bullish patterns requires a strategic approach and a deep understanding of market dynamics. Bullish patterns, like the Cup-and-Handle, indicate potential upward trends, suggesting buying opportunities. Platforms like Tickeron, with their advanced AI tool, can be invaluable for traders looking to navigate these complexities and make informed decisions.
For those interested in finding current patterns in the cryptocurrency market, Tickeron is an excellent resource. With its sophisticated AI tool, Tickeron provides insights into emerging trends and patterns, helping traders to identify potential opportunities in the volatile crypto market. Whether you're a seasoned trader or new to the world of cryptocurrency, Tickeron's technical analysis and pattern recognition can guide your trading decisions, enhancing your chances of success in this dynamic field. Get started on tickeron.com.
BINANCE:ETHUSD
Market Cap
The average market capitalization across the group is 268.43B. The market cap for tickers in the group ranges from 268.43B to 268.43B. ETH.X holds the highest valuation in this group at 268.43B. The lowest valued company is ETH.X at 268.43B.
High and low price notable news
The average weekly price growth across all stocks in the group was -12%. For the same group, the average monthly price growth was -2%, and the average quarterly price growth was 19%. ETH.X experienced the highest price growth at -12%, while ETH.X experienced the biggest fall at -12%.
Volume
The average weekly volume growth across all stocks in the group was -3%. For the same stocks of the group, the average monthly volume growth was 26% and the average quarterly volume growth was 167%
Swiss Franc can rebound up from support line to resistance levelHello traders, I want share with you my opinion about Swiss Franc. By observing the chart, we can see that the price started to trades in a downward pennant, where it first rebounded from the resistance line and made a strong downward impulse to the support line, thereby breaking 0.8720 and 0.8490 levels. But after this, CHF at once rebounded from the support line of the pennant, and made a short impulse up to 0.8490 support level, which coincided with the buyer zone, and soon broke this level. After the price some time traded near this level, it bounced and started to rise to the resistance level, which coincided with the seller zone and the resistance line of the pennant. When Swiss Franc reached this area, the price at once turned around and in a short time declined to support line of pennant. But a not long time ago, the price bounced and started to rise. So, I think that the Swiss Franc can fall to the support line, making a little correction, and then rebound up to the resistance level, thereby exiting from the pennant, pattern. For this case, I set my target at the 0.8720 resistance level. Please share this idea with your friends and click Boost 🚀
4 Accurate Predictions Made by AI for Alphabet (GOOG, GOOGL)In the dynamic world of stock trading, the integration of Artificial Intelligence (AI) has revolutionized market analysis and prediction accuracy. Alphabet Inc. ( NASDAQ:GOOG GOOG, NASDAQ:GOOGL GOOGL), a leading tech giant, has been at the forefront of showcasing how AI can be utilized to predict stock market trends with remarkable precision. This article delves into four specific instances where AI successfully predicted Alphabet's stock movements, providing traders with lucrative opportunities. These cases exemplify the growing influence and reliability of AI in financial markets, offering insights into both bearish and bullish patterns that have resulted in significant gains for informed traders.
Prediction #1. Downtrend Detected
AI detected bearish Stock Pattern: Broadening Wedge Ascending NASDAQ:GOOG GOOG on October 25, 2023, netting in a 10.61% gain over 2 weeks
On October 11, 2023, AI detected a Broadening Wedge Ascending Pattern (Bearish) for Alphabet (GOOG, $141.70). 14 days later, on October 25, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On October 25, 2023, the stock hit the target price of $128.11 – resulting in a +10.61% gain for traders who shorted the stock on the pattern detection date.
Prediction #2. Downtrend Detected
AI detected bearish Stock Pattern: Wedge Rising NASDAQ:GOOGL GOOGL on September 13, 2023, netting in a 6.10% gain over 2 weeks
On September 11, 2023, AI detected a Wedge Rising Pattern (Bearish) for Alphabet (GOOGL, $136.92). 2 days later, on September 13, 2023, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On September 26, 2023, the stock hit the target price of $127.46 – resulting in a +6.10% gain for traders who shorted the stock on the pattern detection date.
Prediction #3. Uptrend Detected
AI detected bullish Stock Pattern: Head-and-Shoulders Bottom NASDAQ:GOOG GOOG on August 29, 2023, netting in a 3.89% gain over 5 days
On August 24, 2023, AI detected a Head-and-Shoulders Bottom Pattern (Bullish) for Alphabet (GOOG, $130.42). On August 29, 2023, A.I.dvisor confirmed the Bullish pattern, setting a target price of $136.93. On August 29, 2023, GOOG reached the target price resulting in a +3.89% for traders who took a long position in the stock.
Prediction #4. Uptrend Detected
AI detected bullish Stock Pattern: Head-and-Shoulders Bottom NASDAQ:GOOGL GOOGL on August 29, 2023, netting in a 3.61% gain over 4 days
On August 25, 2023, AI detected a Head-and-Shoulders Bottom Pattern (Bullish) for Alphabet ( NASDAQ:GOOGL GOOGL, $129.88). On August 29, 2023, A.I.dvisor confirmed the Bullish pattern, setting a target price of $136.24. On August 29, 2023, GOOGL reached the target price resulting in a +3.61% for traders who took a long position in the stock.
These four accurate predictions made by AI for Alphabet's stocks (GOOG, GOOGL) underscore a new era in stock market analysis. The ability of AI to detect complex patterns like the Broadening Wedge Ascending and Head-and-Shoulders Bottom, and accurately predict market movements, is a testament to its growing significance in financial forecasting. These instances not only highlight the potential financial gains for traders leveraging AI insights but also mark a transformative shift in how market analysis and trading decisions are approached. As AI continues to evolve, its role in guiding investment strategies and shaping the future of stock trading becomes increasingly pivotal.
Finding Current Patterns with AI
If you're interested in staying updated with current trading patterns, particularly for cryptocurrencies like Origin Protocol, Tickeron is a valuable resource. This platform employs advanced artificial intelligence to detect and analyze market trends, offering insights that can guide traders in making informed decisions. Visit Tickeron to explore real-time data and trends in the dynamic world of cryptocurrency trading.
Eur/Usd Hello traders!
We see that the pair has a downward trend. The line break confirms this. There is a retesting of the price 1.08550. In the long-term perspective, we see the levels 1.06850; 1.06040; 1.05220. Be careful! Don`t forget to look at the economic calendar!
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Shaky long-term trading for Tesla (Triple top + dip? )Since Oct. '21, Tesla has been trading along this channel. Some patterns emerge that we can point out:
After hitting the top of the channel three times from Oct. 21 to Apr. 22, it was followed by a dip to the bottom of the channel.
To a lesser degree, rising to about .75 the height of the channel on July 22 and hitting that region 3 times, this was also followed by a dip to the bottom of the channel.
We currently have the same pattern emerging since July '23, with the price of TSLA dipping to below $200. This cycle is interesting because it is bouncing off the midline instead of the bottom of the channel.
The next few days are going to be crucial for the stock:
Bull case: If the stock can consolidate strongly along the $180-200, we may be able to break out of the channel to the upside.
Bear case: If the stock fails to consolidate strongly along the $180-200 range, we may see a dip to $120-160.
This will strongly depend on investor sentiment in the company, which currently isn't looking strong. A lot can happen in the next few weeks to turn that around, such as further advancements of AI for Tesla's autopilot.
🔥 Bitcoin Retesting Critical Support: Dead Cat Bounce!After a relatively big sell-off, BTC is currently bouncing from very oversold levels. Yesterday marked the first time since August that the 8H timeframe hit oversold on the RSI, so a bounce was to be expected.
Bitcoin is currently on its way to retest the critical purple area of support as resistance. A rejection from here would confirm the break of 40k, with a move towards 35k in the cards.
If BTC can close the week above the purple area we have to consider the idea that this bearish move was merely a correction instead of a longer term shift in trend.
Below you find my current view on the market in more detail.
It seems to be time for the Digital Gold to take Breath.After having a decent run for the past 12 months Bitcoin seems to get some relief for the sake of its healthy and strong uptrend movement.
So What do we have in the market right now?
In this post I will cover the scenarios related to the 1D time frame. As we all know the space we found in crypto is so much dependent on fundamentals the ETF was one big thing which runs the market for the past 6 months. And as we all know the game is played holding the motto "Buy the Rumor, Sell the News" most of the long position holders are going short and might as well be moving to CRYPTOCAP:ETH - the next contestant to get an ETF approval.
For now Bitcoin just showed a bearish sign forming a rising wedge break out and MACD turning bearish for the short term. Besides a bearish divergence is already formed if you can see on the chart depicted by the yellow broken line. A retest of the rising wedge support line is possible while bulls try to get the throne back again.
In addition candle stick behavior is also showing bearish sentiment if we consider the recent moves CRYPTOCAP:BTC made forming an inverted hammer like with a strong bearish candle formation.
For now I am seeing CRYPTOCAP:BTC correcting in the short term. I will be updating which prices to watch closely. If things go as expected in the same manner as it is the breakout confirmation will most probably take Bitcoin to the recent 50% fib level at around $37K area. After watching out for the retest move and considering the ichimoku cloud on the lower time frame will be our confirmation.
BTC H&S Structures- it's always interesting to check the past and learn from it.
- Sometimes you will find ways to find the future.
- On this messy graph, i posted some H&S and inversed H&S Patterns.
- i didn't post them all (but have more), i didn't want add more mess :D
- Check support and resistances on H&S dotted lines.
- Check colored bubbles like always.
- This is not a trade recommendation or a prediction.
- imho for now and until Halving better stay out of markets and buy pop corns.
Happy Tr4Ding
🔥 Bitcoin Lost HUGE Daily Support: Beginning Of The EndIn my recent analyses I've written several times that I expected the ETF launch to be a major top, which has played out perfectly thus far.
Furthermore, I indicated that the 41.2k-40k range as a major area of support for Bitcoin. As of now, BTC is making a lot of effort to penetrate said support.
In case BTC doesn't reverse from here, we're going to see a major daily support around 41.2k broken for the first time since early December.
This looks bearish. Seems to me that the break of 40k is a matter of time. Could be either today or in the next few days. We're likely seeing the start of some kind of major sell-off that will occur over the next few weeks.
Time will tell.
🔥 Bitcoin Spot ETF Approved: DUMP ALARM 🚨After yesterday's false start, Bitcoin's long anticipated ETF is finally here. However, it remains to be seen whether this ETF approval will be bullish or not.
In the long-term, definitely. Price action over the next few weeks/months is likely bearish. As mentioned before, I'm expecting a short swift pump towards 48,000$ before hitting two major resistances and dump.
Reasons for this bearish view:
- Strong pump into news. Buy the rumor, sell the news?
- Top yellow resistance of the channel
- 48k resistance, last major resistance before the ATH.
- The ETF approval is a perfect bull-trap for retail traders. Whales have already bought their Bitcoin's in the last year.
The bottom support of the channel seems like a decent bearish target. Potentially even 30k.
I will switch from bear to bull if we can get a weekly close above 50k. This indicates that the 48k resistance has been broken and will decrease the probability of a fake out. Happy to be proven wrong.
For now, be careful for high volatility.
AUDUSD Short There is a pattern on M15 and M30; this trade is with the H4 trend and should fall to the bottom as it is the start of the week, and markets tend to weaken when the week starts. Stop loss should be 30 pips with a target of 50-60. This is a quick trade as there is a lot of support below, and it should strengthen after falling.
🔥 Bitcoin: Just A Dip? What Does 2016 Tell usPreface: I'm still bearish on BTC as per my most recent analyses. The ETF launch likely signaled a major top, potentially until the halving. My most likely scenario's are shown below.
That being said, I think it's worthwhile to look at the market from different perspectives.
In this analysis I'm going to compare the 2016-2017 bull-run with the 2023 bull-run. Back then, BTC experienced many 30%-40% drops over the course of 2 years. In the end, every dip was a dip to be bought which led to some very good returns.
Thus far, the 2023 (and 2024) bull-run has had several dips around 20%, which all proved to be very good entry points. We had to admit to ourselves that it's possible that the drop after the ETF launch is a dip to be bought.
Furthermore, the dips getting less deep than 8 years ago is a natural consequence of the market maturing and becoming less volatile.
Is this just a dip, or are we facing a longer-term correction? Happy to hear your thoughts!
Is Boeing a buy before earnings? LONGThis is a daily Boeing chart with the idea on the chart in the text. There may be a good entry
before earnings using a stop loss under the POC line and an ultimate target of the projected
trendline resistance at $280-$300 if all goes well fundamentally with an FAA investigation
and its sequelae. A megaphone pattern demonstrates increasing volatility in price action which
is something some traders take to the bank. My analysis is that this may be a safe swing trade
until the report of the 24Q2 earnings in about 100 days.
🔥 Predicting Bitcoin's Price On The 2024 Halving: Dump Ahead?In this analysis I want to shed some light on an interesting relationship that I found between bear-market bottroms and the price of Bitcoin during the halving. This analysis is speculative and based on 2 previous occurences, so take it with a grain of salt.
The relationship that I found is as follows:
2nd halving: price at halving = 300% off the bottom.
3rd halving: price at halving = 200% off the bottom.
Percentages rounded to hundreds. Omitting first halving because market was not mature.
So my assumption would be that the price on the 4th halving, the next one, would be 100% from the 15.500$ bottom, so around 31.000$
With BTC reversing after the ETF launch, a move towards 31.000$ is not even that far-fetched, since it functioned as a very important resistance of the majority of 2023 and therefore functions as a magnet.
Do you think this is a reasonable analysis? Happy to hear your thoughts!
EURUSD Bearish Flag PatternThe EURUSD broke through the upward trendline at the end of last year, due to USD strength. This downward move saw the formation of a bearish flag pattern during the first half of January.
The EURUSD has now broken the channel and the support level (61.8% Fibonacci retracement level) to signal a bearish continuation.
The target level could be the next support level at 1.0745
Gold can make upward impulse from support line to 2060 levelHello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price recently rebounded from the 2030 support level, which coincided with the support line of the pennant and made a strong upward impulse to the resistance line, breaking the 2060 resistance level, which coincided with the seller zone. After this, Gold bounced from the resistance line and made a downward impulse to the seller zone, exiting from the pennant, and soon the price broke the 2060 level too and declined lower. Also then, the price started to decline in a downward channel, where it fell below even the 2030 support level, which coincided with the buyer zone. Later Gold bounced from the support line of the channel and rose to the resistance line, breaking the 2030 support level again. At the short time later price exited from the channel and started to trades in one more upward pennant, where it continues to trades near the support line at the moment. Possibly, Gold can rebound from the support line and rise to the resistance line of the pennant. After this, XAU can make a little correction, after which it continues to move up to the resistance level, thereby exiting from the pennant. So, I set my target at the 2060 level. Please share this idea with your friends and click Boost 🚀
AUDJPY - Keep It Simple 👌Hello TradingView Family / Fellow Traders,
📈 AUDJPY has demonstrated an overall bullish trend, trading within the rising broadening wedge pattern in blue.
Currently, AUDJPY is sitting around the lower bound of the wedge.
Moreover, the 96.5 serves as a robust demand zone.
🎯 Therefore, the highlighted blue circle signifies a significant zone to consider for potential buy setups . This area is noteworthy as it marks the convergence of the green demand and the lower blue trendline, acting as a non-horizontal support.
📚 In accordance with my trading style:
As AUDJPY is sitting around the blue circle zone, I will actively search for bullish reversal setups to capitalize on the anticipated next bullish impulse movement.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr