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Bitcoin Bearish MACD Cross: Is The Cycle OVER?In this analysis I want to shed some light on the fact that the 2-week Bitcoin MACD is likely going to make a bearish cross soon. Historically, a bearish MACD cross has ALWAYS signaled the end of the bull market (first two cycles are not on the chart, you can scroll back and look for yourself). I'm aware that 2021 was an outlier, but don't forget that all technicals peaked in 2020. I've been bullish in the short- and mid-term, but there's more and more long-term indicators that are flashing red at the moment, this being one of them. Not calling for a huge drop yet, but this signal is definitely one for the bearish. Interested to hear your thoughts about this!
INDEX:BTCUSDShort
by FieryTrading
10
LAURUS LAB - HISTORY REPEATHELLO EVERYONE, I am here with a new powerpack price action that we can see in LAURUS LABS. KEY POINTS -- The stock is continuously following the pattern of HIGHER HIGH and HIGHER LOWS Giving a look of RALLY and PULLBACK. -- Now the stock is again looking for RALLY i.e HIGHER HIGH. -- Stock has given a small breakout of downward sloping Trendline. -- stock might give close above 50 EMA (in daily TF) today which will help this stock move upward. -- There seems increasing volume in this stock. Exceptional key point- --Its a fundamentally good company and it has purchased some building and machinery in last quarter, This might helps to give good results in upcoming quarters. Trade Plan -- One can enter at Current Market Price as it is above 50 EMA -- Targets will be 450-465-480 -- Stop Loss will be at 419 (previous swing low) Disclaimer I am not SEBI REGISTERED. consult your financial advisor before any kind of investment. I am not responsible for any kind of your profits and losses. Thank you KARANN DINGRA
NSE:LAURUSLABSLong
by KARANN_DINGRA
Spotting a Bull Flag Pattern in Wave Coin (But Stay Cautious)Wave Coin is currently showing a promising bull flag pattern on the chart. This pattern typically indicates a continuation of the previous uptrend, suggesting potential for further gains. However, it's important to stay cautious as the price could also fall if the pattern fails to hold. The consolidation phase within the flag gives a chance to enter the market before the next breakout, but be mindful of key support and resistance levels. Always use stop-loss orders to protect your position and trade wisely!"
Long
by rebenga93
Bitcoin's Inverse Head & Shoulders Playing Out As ForecastedFive weeks ago I made my first analysis on this pattern where I argued that the dotted purple support was my ideal target for an inverse H&S reversal pattern. Once we were there it was a moment of truth for the bulls. My initial trade had a stop that was too tight. Nevertheless the overall idea was a success since we've now successfully reversed from my purple support area. The daily RSI hitting oversold for the first time in almost a year was a great entry signal for crypto as a whole. I'm expecting the bullish trend to continue at least for the next few weeks towards the top resistance (neckline) of the H&S. Keep in mind, the inverse H&S is not completed yet. Once we hit the neckline (and ideally break through it) we can see a new all-time high coming soon. Are you bullish or bearish? Share your thoughts.
Long
by FieryTrading
12
Ethereum Waiting For A Great EntryAs seen on the chart, ETH has been trading alongside two strong bullish supports over the course of the last two years. Personally, I'm waiting for a better entry before considering a near-term long swing entry, trade is on the chart. These supports have historically held strong, so chances are that they will continue to do so. Keeping the TP close to reduce risk. A riskier bet would be to put the TP at 5.000, higher risk and also higher reward.
Long
by FieryTrading
2
DOGE Massive Move Incoming? Pump To 2$!Disclaimer: this analysis is based on two previous occurrences in a vastly different macro market and solely based on time. Although it's not likely that the analysis will play out exactly as shown, it's still a fun thought to consider. In this analysis I want to shed some light on DOGE's previous price action and compare it to the current market. In the previous two bull-cycles, DOGE saw a +9,000% and a +30,000% between 38 and 34 months AFTER the previous top. In February, where we can argue that DOGE's bull-cycle has started, we were at 33 months after the previous cycle top. Close enough! If DOGE increases by a fraction of what it did in the previous two cycles, we can very easily argue that a 1$ or even a 2$ value per token is not too far-fetched. Are you bullish on DOGE? Share your thoughts.
CRYPTO:DOGEUSDLong
by FieryTrading
3
VET - Falling wedge - Waiting on Breakout#VET/USDT #Analysis Description --------------------------------------------------------------- + VET has formed a clear wedge pattern, and a breakout seems imminent. + If the price breaks out from this falling wedge pattern, we can expect a significant price increase. + I'll enter a trade after the breakout occurs. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.03653 Stop Loss: 0.02987 ------------------------------ Target 1: 0.03959 Target 2: 0.04374 Target 3: 0.04893 Target 4: 0.05911 ------------------------------ Timeframe: 1D 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
QQQ Thursday Gap Up ReversalShort-term & small sample, but an interesting pattern nonetheless... If we look back at similar events to Thursday's action, they've all been short-term tops in the market. We're looking at: (1) Gap up open on a Thursday; (2) Bearish reversal closing near the lows of the day; (3) Increased Volume from the prior day(s); (4) Preceded by a good run in the market. I think it's worth noting, although I'm not sure the market dynamic behind it, that these recent short-term tops have all occurred on a Thursday. So seeing similar-type action this past Thursday is sending up a short-term cautionary signal, especially after such a strong runup over the last few weeks. I want to emphasize 'short-term' though, because the long-term trend is still very much in tact. It may also be worth noting the lack of breadth under the hood as an additional short-term cautionary sign, although there are certain areas and groups that have been participating... it's been very much a stock picker's type of environment.
NASDAQ:QQQ
by apaqu
Bitcoin In DANGER: Back to $20,000?Preface: I don't think that going back to $20k is the most likely scenario at this point in time. However, it's valuable to discuss different potential outcomes in an every-changing market. If you disagree and only want to look at one potential outcome it's up to you. In this analysis I want to take a look at one of my more popular indicators; Bitcoin's Logarithmic Price Bands. In case you want to know more about this indicator, please check out the link on the bottom of this post. Back in March I made an analysis with a similar title where I discussed the fact that the yellow logarithmic price band has historically proven to be a very strong resistance. For example, last cycle's mid-cycle pump (summer 2019) found resistance on exactly the same area. Same can be said for 2013. Both reversals from the yellow bands resulted in a >70% dump (high to low). A 70% dump would mean that BTC will go back to (roughly) 20k. It's too early to say whether this analysis is correct, but I can imagine a world where this is possible. Compared to previous cycles, we went up too much and too fast with all the ETF news. A deep correction might be needed to get to the elusive 100k. Happy to hear your thoughts in the comments 🙏
INDEX:BTCUSDShort
by FieryTrading
33
ARBITRUM Triple Bullish Signal!Arbitrum has seen a significant drop in value over the last few weeks, just like most other alts. Since ARB is one of the newer alts on Binance, it has an above average growth path ahead of it. Today I found 3 different "indicators" signaling a potential long-term bottom is in: - Daily RSI has hit oversold - Dotted purple support has held - Bullish divergence on the daily RSI A single indicator would be tricky to trade, but since all 3 are showing that this might be a great entry for a reversal I'm willing to take the bet. Stop below the support, target around the current all-time highs.
Long
by FieryTrading
2
ADA's PERFECT Entry Is Here! To The Moon And BeyondIf you've followed my analyses for a while, you must recognize this chart. I've been looking at ADA's long-term bullish channel for almost a year at this point. Check my previous analysis below. And today, our (potentially) entry of a lifetime has been hit! Assuming that ADA will keep trading within this channel, the entry is a no-brainer. As some other investors rightfully pointed out, a 25$ target requires a massive move which is not the most likely scenario (hence the huge risk-reward). For more defensive traders, I've added a new trade with a target at 3$. Happy to hear your thoughts
Long
by FieryTrading
10
Plan your trade for 6/18/24 - SPY researchHere is another video to help you prepare for the next 2+ weeks of trading in the US markets. Using my specialized SPY Cycle Patterns and technical analysis, I still see the markets consolidating in a melt-up type of trending over the next 2+ weeks before moving into a strong rally phase near late June/early July. You can see how my SPY cycle patterns help into understand opportunities and when to prepare for more aggressive trading. Today is a Harami-Inside pattern - meaning I will be mostly sitting on the sidelines today. Maybe targeting one or two quick trades. But tomorrow and the rest of this/next week look very solid for more moderate/aggressive trading in bigger price trends. And, I'm going to start preparing for the RALLY, RALLY, RALLY phase near July 1, 2024. Learn how my specialized research can help you. Learn the Mechanics of Trading. Let's go get'em.
AMEX:SPYLong
by BradMatheny
BTC - Continued Analysis - M-Pattern DANGERContinuing this analysis on the previous one; we see a double top form in the daily as well as the weekly timeframe after the price lost the 50 day moving averages. In the previous analyses, we looked at Elliot Wave theory and a potential new ATH price zone. However, there was one risk even at that point - the M-Pattern. This pattern is BEARISH and usually leads to quite a significant drop. The good news, though, is that this is all part of a healthy correction - as long as we hold THIS key zone identified inthe video, we are still well within a bullish market. Previous update here, where we first spoke about the potential risk of the M-Pattern: _____________________________ BINANCE:BTCUSDT
by CryptoCheck-