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Bitcoin: To the Moon? | Analyzing the '3 Market Phases'Hello everyone! Bitcoin is currently displaying the '3 Market Phases,' and we’re transitioning from Contraction into Expansion. As long as the price holds above the lower boundary of the horizontal channel, I believe there’s a strong likelihood of continued upward momentum. Key points: Break below the channel: A breakdown could signal the beginning of a significant downtrend. However, if the channel holds, the uptrend is expected to persist. Uptrend continuation: There’s a solid chance we could see a rise toward the 63K level. This is not a buy or sell recommendation. It reflects a personal viewpoint and is intended for reference only. All decisions and responsibilities lie solely with you.
Long
by Killer_Whales
1
Forex Analysis: Super Clean Double Top Setups in GU, GJ, and EJIn this forex analysis video, we'll be discussing the market movements of the euro (EU), the British pound (GU), the Japanese yen (GJ), and the euro yen (EJ). EU: No narrative setup was identified due to the failure of the 15m entry to bounce twice and form a double top before the price decline. GU: A super clean setup was identified. Price bounced on the previous day's high and formed a double top entry on the 15m timeframe. GJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe. EJ: A super clean setup was identified. Price bounced on the previous day's high and formed a tiny double top entry on the 15m timeframe.
Short
by superlegit
T. Rowe Price Analysis 9/10Disclosure: As of 09/10/2024 I am long T. Rowe Price shares ticker NASDAQ:TROW T. Rowe Price is an investment management company operating in the mutual funds, retirement plans, and investment management business areas. Management Effectiveness: T. Rowe Price has been around for many years and management has consistently managed to grow assets under management, and provide good returns for the firm as well as their clients. The company's return on assets is very good, never dropping below 10% even in the financial crisis of 2008. The company has minimal debt, and an excellent balance sheet. With a business like this the concern is valuation, all the fundamentals and the trend of growing assets as workers contribute to retirement plans will continue well into the future. With a company like this a very long holding period should be expected. As a holding in a retirement, or tax advantaged account T. Rowe Price is very attractive at the right valuations. The idea is to let the earnings compound over a period of decades. Please keep this in mind if you decide to add this company to your portfolio. Looking at the current valuations the combined earnings and dividend yield is nearly 13%. With stable revenue growth, asset growth, and very little downside in the way of tail risks this business is a buy for me at anything below $110 per share. My personal expected return on this is between 15%-17% annually with a holding period of 20-50 years to allow the returns to compound internally with the business.
NASDAQ:TROWLong
by sihen999
XAUUSD H1 Time Frame Analysis.Greetings, traders! 🕰️ Here's a comprehensive analysis for the XAU/USD (Gold) pair on the H1 (Hourly) timeframe. We've identified three potential sell zones that could offer lucrative trading opportunities. Please review the levels and targets outlined below: 🔍 Sell Zones: Zone 1: $2506.50 - This level has demonstrated resistance in previous price actions, making it a key area to watch for potential sell signals. Zone 2: $2519.30 - A slightly higher resistance level that could act as a strong barrier. Be attentive to price behavior around this point. Zone 3: 🚀 Targets: Target A: $2485 - A significant support level where price could potentially find a bounce or show signs of a reversal. Monitor for any price action signals around this level. Target B: $2473 - A deeper target where further downside potential could materialize. This level provides an extended profit-taking opportunity if the bearish trend continues. 📈 Risk Management: Ensure to set appropriate stop-loss levels to protect your capital. Consider placing stop-loss orders just above the identified sell zones to manage risk effectively. Adjust your position sizes based on your risk tolerance and trading strategy to maintain a balanced risk-to-reward ratio. 📉 Additional Notes: Keep an eye on market news and economic events that could impact Gold prices. Volatility can significantly influence price movements, so stay informed and ready to adjust your strategy as needed. Happy trading and may your trades be profitable! 🌟 Feel free to ask any questions or share your thoughts below.
OANDA:XAUUSDShort
by Binsalmanfund
1
$ACH Poised for Bullish Reversal: Falling Wedge Setup!FWB:ACH (Alchemy Pay) is forming a falling wedge pattern on the 1D chart, which is typically a bullish reversal pattern. 📈 Entry Point: $0.0180 to $0.0190 🎯 Targets: $0.0250 $0.0300 $0.0400 🔄 Trading Options: FWB:ACH is available for trading on multiple exchanges. Consider setting a stop-loss at $0.0150 or if the price drops below the wedge support line. 📊 About FWB:ACH : Alchemy Pay (ACH) is a leading payment solution provider, bridging the gap between fiat and crypto. With growing adoption and partnerships, it aims to make crypto payments seamless and accessible worldwide. 📢 DYOR, NFA #Crypto
Long
by CRYPTOMOJO_TA
Fundamental Market Analysis for September 10, 2024 USDJPYThe USD/JPY pair is turning positive for the second consecutive day after declining early in the Asian session to the 142.850 area, although it lacks bullish confidence. Spot prices are currently trading with a slight positive bias just below the mid-143.000s and remain within striking distance of the one-month low reached last Friday. The Japanese Yen (JPY) continues to be threatened by data released on Monday that showed the economy grew slightly slower in the second quarter than originally reported. This could complicate the Bank of Japan's (BoJ) plan to raise interest rates further in the coming months. In addition, the overall positive sentiment in equity markets is reducing demand for the safe-haven Yen and serving as a tailwind for the USD/JPY pair amid some buying interest from the US Dollar (USD). Investors may also prefer to stand back and wait for the release of US consumer inflation data on Wednesday before making new directional bets. Thus, strong follow-through buying is needed to confirm that the USD/JPY pair has formed a short-term bottom and is positioned for significant gains amid the lack of meaningful macroeconomic data from the US on Tuesday. That said, speeches by influential FOMC members may provide some impetus later in the US session. Trading recommendation: Watch the level of 143.000, if consolidated below consider Sell position, if rebounding positions on Buy.
by Fresh-Forexcast2004
HelenP. I Bitcoin can little correct and then continue to riseHi folks today I'm prepared for you Bitcoin analytics. Some days ago price declined to the resistance level, which coincided with the resistance zone, and at once rebounded up to the trend line. After this, BTC turned around and made a strong impulse down, breaking 63900 with 53200 levels, but soon turned around again and rose higher than the 53200 level, making a fake breakout of it. Next, the price started to grow and later it grew almost to a resistance level, where it some time traded. Then the price rose to the resistance zone, where it touched the trend line one more time and then started to decline. In a short time, BTC fell to the support level, which coincided with the support zone, and a not long time ago it rebounded and started to move up. So, in my mind, I expect that BTCUSDT will make little correction movement and continue to grow to the trend line. For this case, I set two goals, first at the - 57400 points, and second at the 60600 points, which coincides with the trend line. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
10
GOLD h1 chart analysis 100%Follow the instructions. If the price consolidates between $2502 and $2505, gold may touch the $2494 level before bouncing back to $2528. A break above the strong resistance level could potentially send gold to new all-time highs (ATH). Bullish Opportunities: 1. 2500 - 2502 2. 2477 - 2487 Bearish Opportunities: 1. 2510 - 2512 2. 2546 - 2560 (Only if the Strong resistance level Breaks and Gold Reaches its new high). Possibility: waiting for geopolitical situation as it getting worsting. I'll Update as it needs to be updated. Use proper risk management Or money management and follow my instructions properly. Don't forgot to support by liking or following!!
FOREXCOM:XAUUSD
by sabellaFX
Buy EURNZD Bullish ChannelThe EUR/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent formation of well-defined channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.7975, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.8084 2nd Support – 1.8145 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_FOREX_TRADING
3
Oracle (ORCL): Bullish Outlook Ahead of EarningsToday, we’re getting the earnings report on ORCL, and we’ve had to adjust our last analysis accordingly. We are now looking at a more bullish scenario after our previous bearish outlook was invalidated. If Oracle holds the desired level, we believe our current wave count is accurate. The count is pretty straightforward, and we think we’re now in the intra wave (ii) of the larger wave 3. This wave (ii) might touch the trend channel again, though it doesn’t necessarily have to. The channel seems accurate as waves ((i)), ((ii)), and ((iii)) are all tagging it. It would have been ideal if wave ((iv)) had touched it as well, but perfection is rare in markets. We’re focusing on the area between $133.43 and $129 to hold. We’re not setting any limit orders for ourselves just yet, as we want to see if our new count proves correct before making any moves.
NYSE:ORCLLong
by freeguy_by_wmc
Shopify (SHOP): Is It Just the Beginning?Shopify has been one of our best entries this year, and we remain very bullish on it. From a technical analysis perspective, it's hard to make a bearish case for this stock. We've even seen a change of structure after catching the bottom on SHOP. We've already taken some profits off the table and moved our stop loss to break even for the initial trade. We're now expecting this surge to continue, and as a result, we're planning to place another limit order on Shopify, aiming to buy more if the price moves into the $59.38-$54.59 area. We prefer to enter manually to avoid getting triggered by any sudden news events. If our analysis is correct and this is indeed Wave 2, we could see a really nice rally in the near future on Shopify, potentially breaking the $90 mark and moving even higher. Let's see what Shopify has in store for us next.
NYSE:SHOPLong
by freeguy_by_wmc
3
Sell Gold (Xau/Usd) H4 ChannelThe XAU/USD pair on the H4 timeframe presents a potential selling opportunity due to a Formation of well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Days. Key Points: Sell Entry: Consider entering a short position around the current price of 2500, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2440 2nd Support – 2400 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDShort
by KABHI_FOREX_TRADING
15
What does the future hold for Crypto Mining?I have chosen RIOT as the chart, but I am looking at MARA and also BITF. But as a whole, looking at the WGMI (Valkyrie Bitcoin Miners ETF), BTC mining companies as a whole is taking a hit. Crypto itself is taking a huge hit and of course, this affects Crypto Mining. It did seem that Crypto was going to push higher as the expectations for the BTC ETF release was going to be the first part of pushing BTC to the "moon" and with the BTC halving, money would just start stacking for holders. But that didn't happen. There is a decent amount of geo political turmoil going on. Governments selling BTC. SEC doing what it can to get Crypto labeled as securities in order to bring the coins to its realm of oversight. The Yen carry trade unwinding. The potential of a recession. But there is the other side, where there is good news going on for BTC. The possibility of BTC becoming a reserve asset. The upcoming elections, with a a lot of fingers pointing at former President Donald Trump being very pro Crypto. But even if Kamala Harris (pointed in ALTCOIN daily), says that she is in support of crypto, then that will be a good push for Crypto to move higher. There is also the FED reducing rates towards the end of September; with the recent NFP coming out lower than expected and pushing the chances for a reduction in rates for 50 basis points to 50%. So if the self fulling prophecy for BTC hitting $100k - $150k do come true, then Crypto Miners are going to be cooking. Projects are already underway and the Crypto Market has been very resilent. There are those that thought Crypto was going to collapse during the silk road incident. Then after the cash in 2017 when BTC hit $20k. Then the Terra Luna incident. FTX collapse. Mt. Gox incident. And many others. Yet Crypto is still here. The main issue I think is where all the money is pilling into, and during 2017, crypto was starting to hit the mainstream and a lot of coverage was on it. Institutions finally starting trading BTC and others, as well a lot of retail traders and investors were pilling in. In 2021, people were staying home, receiving check after check of stimulus, wondering were to put it. Then when things started opening up, businesses were offering sign up bonuses. Afterwards, during both these events, once Crypto hit a certain lvl, a ton of people cashed out and instantly became very rich. This money flowed into other products, such as wants and/or other ventures/markets. Now money is flowing into different meme coins, AI, FAANG-M stocks, among other things. If BTC is able to push higher and hit the around $120k, then MARA, holding around 13,677 BTC will be worth around $1.65 billion, RIOT with a holding of around 7,250, will be around $870 million, and BITF, with holdings of around $1,016, would be around $121 million (which RIOT is attempting a takeover of BITF, offering a buyout of BITF, which BITF did not accept. If this does happen, RIOT would become a very strong competitor to MARA, pushing its exahash production from 12.6 to 19.6. MARA has an exahash of 29.9). For the price targets, if things go accordingly, MARA will likely be able to break out of the $20 resistance, avoiding the completion of the inverse cup and handle pattern. If this pattern forms, price will likely keep pushing lower, potentially to around the $8 lvl (at least breaking the $10). For RIOT and BITF, they have the same pattern as MARA, and WGMI price is in a monthly rising channel, so there is a strong possibility that price will drop, but if things go accordingly, then prices on these companies will also avoid the acceptance of the inverse cup and handle pattern. The psychological lvls for these two companies are $10 and $2, which could be hit depending on how things go these next few months. I am in a position on RIOT and a few on BITF, my positions are at a small loss, but I am selling covered calls and cash secured puts to offset the loss, which, when factored in, puts me at a net positive. Additionally, I am participating in the stock lending program, which is further offsetting my losses. I am on the side that price will push higher and I am willing to see it through. Protect your inventory (your capital), and have some great trading out there.
NASDAQ:RIOTLong
by DollarSaenz
14
GOLD 4h Chart analysis 100%Hello Traders! Follow the instructions. If the price consolidates between $2498 and $2497, gold may touch the $2487 level before bouncing back to $2528. A break above the strong resistance level could potentially send gold to new all-time highs (ATH). Possibility: waiting for geopolitical situation as it getting worsting. I'll Update as it needs to be updated. Use proper risk management Or money management and follow my instructions properly. Don't forgot to support by liking or following!!
FOREXCOM:XAUUSDLong
by sabellaFX
$ETH Bounces Off Key Support: Reversal Ahead? Ethereum Weekly Update Ethereum (ETH) is showing a promising bounce from a significant support zone, ranging between $2,000 and $2,150. This area has acted as a key level of support since mid-2022, and it continues to hold strong. Additionally, this zone aligns with a crucial ascending support line that has supported the price for nearly two years. On the 3-day chart, ETH has rebounded from a "golden pocket," a technical term that refers to a major support area in the price range of $2,150 to $2,200. Given the confluence of these factors, it's highly likely that Ethereum will maintain support in this range for the near term, although we need more confirmation to signal a full bullish reversal. Looking at the daily chart, we’ve just seen the first sign of bullish divergence. This occurs when the price makes a higher low while the RSI (Relative Strength Index) does the same, indicating growing bullish momentum. We’ve confirmed this with one green candle close and a higher low on the RSI. If we see another daily candle close in green, it would give further confirmation of bullish strength. However, despite these early signs of a possible reversal, the larger trend for Ethereum still remains bearish. This means that while we may see some short-term price relief or consolidation, we haven't yet confirmed a longer-term bullish trend. Over the next few days or even weeks, we could expect the price to either consolidate sideways or experience a small upward relief, but we need more signals to confirm a sustained uptrend. #Crypto
Long
by CRYPTOMOJO_TA
4