Bitcoin: April's COOL 🌷🌞(31k or more)Hi everyone,
April 2nd finally. No posts yesterday as April's fool is not a good day for serious analysis so here we go with Professor's analysis for April:
April's Cool!
March i had called as Madness and sure it was: we had a dip from 25k to below 20k and a rise to 28,400 atm. Wow.. that was MADNESS indeed:
April is one of the good months for Bitcoin. Between 2017 and 2020 we had +30% months! Why not again?
FORECAST ANALYSIS:
My targets remain the same. 31k April and we watch for a breakout for higher... 44,000$ BTC in the summer
Watch the video for more info and insights, see how i beat ChatGPT on picking a title for April (humans together strong!)
and let me know your thoughts in the comments.
Don't forget to like the idea or all your trades might get liquidated..
One Love,
The FXPROFESSOR
ps. This time i also share one of my private/secret charts reserved for my community:
April
🔥 Bitcoin VS Bananas 🍌: Bullish Move After Cooling InflationIn today's analysis I want to shed some light on the Bitcoin divided by the 1000kg Bananas 🍌 price (PBANSOPUSDM). In other words, how many thousands kilo's of Banana's 🍌 can we buy with 1 Bitcoin.
As seen on the chart below, Banana's 🍌 have been gaining nearly 50% in value during the high inflationary period between Nov 2021 - Dec 2022. Recently, the price of Banana's 🍌 has been quite stable.
After reaching the 11 - 8.50 support area after the FTX collapse, the chart reached a critical support zone. Traders saw this as an opportunity to transfer their Banana 🍌 wealth into BTC, with great results.
In my view, we're rapidly approaching the Summer 2021 support area of 23 - 26 thousand kg Banana 🍌 per BTC. Experienced Banana 🍌 traders will most definitely sell some of their Bitcoins for Banana's 🍌 around this area, so watch out for a reversal.
Also, note that the gains on Banana's have been huge over the high inflation period. On the BTC/USDT chart we're already trading at the Summer 2021 support area, but on this chart we're still ~35% away from it.
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Check the date
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Bitcoin price of $330,000 by end of 2025 scenario 2Using the BLX chart on the 2 days to show Bitcoin as a scenario 2 possibility for Bitcoin reaching this $330k value by April instead of the end of year 2025. there are certain parameters used to make this assertion. On the first bear market of 2014 from the bottom to the next higher low was about 220 days and then the bull started for the next cycle. The next was in the 2018 Bear where we had the first low at $3200 and then the next higher low at $3900 which represents about 454 days before the next bull cycle kicked in where Bitcoin hit a high of $69k in 2021. If we take this double increase difference and add it to this next cycle we will see a possible 800 days from the first low to the next higher low and we get our possible April date for the Bitcoin peak in 2025. I am using a fractal plus the Beambands as an indicator for this possible target price which coincides at top of beamband in 2025.
BTC Buy & Hold Monthly Returns in April, 2022In this idea we want to show our operation as a long term trader - another definition for the term "Investors" - in which we select - doing also fundamental analysis - assets with long term bullish Bias.
During the selection process it is important to evaluate the performance of the assets and - once in the portfolio - to monitor how the situation evolves.
How did BTC perform in April 2022? -18.72%
As Quant Traders and Investors, we have developed a tool to help us decide if the asset has a long-term bullish bias and - even more important - to evaluate not only the profits but also the drawdowns at least on a monthly level - as investors portfolio monitoring is not that frequent - that we can expect.
What do you think about the trend of BTC? Other assets to analyse?
VeChain (VET) Presently AcknowledgedAt the hour of composing, VeChain (VET) is positioned 37th as indicated by Coinmarketcap.com. The computerized resource has an all out market capitalization of $3.167 trillion and is exchanging at $0.04925. VeChain makes some all-memories high worth of $0.2782 set on April seventeenth, 2021, and an untouched low worth of $0.001678 set on Spring thirteenth, 2020. Beginning financial backers of VET, who have held since the venture's beginning, right now have a return for capital invested of 226.65%.
VeChain (VET) is presently an acknowledged type of installment in north of 2 trillion stores that range 70 nations
Support for VeChain as an installment choice is the consequence of an association with Speculative chemistry Pay
The news comes in the scenery of VeChain being an upheld chain in Binance Extension 2.0
VET, the coin behind the production network blockchain undertaking of VeChain, is presently acknowledged as a type of installment in north of 2 trillion stores that length 70 nations. The new accessibility of VeChain as an installment choice outcomes from another organization with the crypto installment administrations supplier of Speculative chemistry Pay.
Speculative chemistry Pay centers around retail exchanges utilizing retail location gadgets. Furthermore, Speculative chemistry Pay's main goal is to expand admittance to crypto with government issued money, consequently supporting the reception of blockchain innovation.
Oil price prediction Elliott Wave Theory ShortI believe, because the prices of oil will go up in the long term, this is a corrective move, therefore labelling it ABC, it shows an almost 68.1% retracement. Showing that the price of oil in my opinion will go down within the next few weeks before making a strong upward 5 wave sequence.
NIFTY April Analysis - Techn + FundamentalsBasis previous channel breakouts, the third channel formation is likely.
Why downward channel, and not upward or horizontal channel?
The supply chain shocks of war and petrol price/commodity price shocks will be evident in Jan quarter, results till force downward channel
Fundamentals
USD-INR - Negatives, FII unlikely to comeback immediately
May - 0.5% hike confirmed by Fed, Market will start slowly factoring it in
Oil - To be within 70-110 USD range, will hit margins
Banks - FII offloading will offset gains due to good results - as seen in Dec q results
RBI Hike - Imminent, will see in April first week
Valuations - NIFTY at historic high PE valuation, March rerating unlike to bring it below 18
Unknowns
Massive ceasefire and lifting of sanctions in 1 month (unlikely) will see breach of 17800
COVID breakout and lockdown in Shenzhen/HK - massive supply chain shock can cause major downside
Fed increasing 0.75% due to 10% inflation in US can cause 15k to be broken
Bank nifty important levels for 19th april 2021.This is a small analysis of bank nifty's charts to set up a trade for 19th april.
Important levels:
no trading zone -> 31900-32240
long above -> 32240 to 32400(1st t)
short below -> 31900 to 31725 (1st target)
stop loss of 90-100 points. rrr = 1.6 - 1.9
🍣 CHZ Wait For Breakout And RetestCHZ has been in a descending wedge for around 3 weeks now following a large breakout. Wait for a breakout of the descending wedge and make sure it finds support on the Fibonacci line before confirming the breakout. From there, we can expect a bullish run for CHZ following news in April about gaming releases and other positive news.
Entry: ~0.565
Stop loss: ~0.51 (Make sure to see ATR at that point of time)
Take profit zone 1: ~0.672
Take profit zone 2: ~0.878 (or hodl)
EURMXN - LONG - Possible Trade Upcoming in #April #Forex #LongHi Guys,
As it's closing in on the end of the month, i've started looking at some options for April.
I've come across a potential LONG on the EURMXN with an R/R of 3, I say potential because we're not in a position yet to place the order.
So to explain the analysis, we're currently on a March long downtrend referred on the chart as dt1, and also closing into supports at Up1 and Sup1.
I think we're really early for this at the moment, but i've set alerts on dt1 as well as Up1 to see if we get any early action this week.
I'm really interested in convergence point "a". If price action either breaks through dt1, and retests, i will be considering a long. If price action moves sideways and outside of the dt1 downtrend, i will consider a long.
I will no longer consider a long if the price breaks down and significantly passes Up1.
Thank you for taking time to read this,
For_The_Many
Price taking at $57- April Target $68Oil experienced a small retrace following the aggressive high being formed March 7th on open. Tapping some of the key levels I projected in my last post there is definitely possibility for a reversion back to highs as the near term demand continues to increase. Summer is fast approaching and with an infrastructure bill being presented this week the oil and gas industry could see some strong bids. My view with current sanctions and policy, below 57 could serve as a discount pricing for the month of April with 52 potentially serving as a more defined floor.
Confident that Ethereum will reach 2080$Like you're seeing , i analsyed a parallel channel that is confirming a left irght shoulders which is very bullish in my eyes. Short term 2080 dollar and long term 2400 dollar per Ethereum.
+ you're seeing a lot of whales(big buyers) buying the dips (blue candlesticks)
+april is the best month in crypto returns
+we're heading towards the Eth. upgrade.
Those ingredients are very bullish.
Don't miss this oppurtunity
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