***Buy Nasdaq hedged by S&P***NDX underperformance vs. SPX is becoming extreme here, last time (in June 2022 right after the OPEX Quadruple witching we bounced massively on it until mid July
This chart is the Weekly (log term) showing an intact uptrend right at the bottom of it here.
Bottom Line buy here NDX hedged in SPX you are being supported by L/T Moving average below. 200d-MA
Since SPX and NDX moves closer the Historical Volatility 8% (your risk) in entering the spread has a lower than the mrket currenlty at 27%.
Ascending Channel
✅LDO - This altcoin is ready to fly!
Everyone is waiting for trade setups like this! LDO is a very promising altcoin and I will tell you why in this analysis.
As you can see, the price is moving in an ascending parallel channel. This channel currently has only 3 touches, so it's brand new.
inside the parallel channel, there is a bullish flag that is currently breaking out! It's definitely a great time to buy right now!
The uptrend started with a strong impulse wave, which is a great indication of strength. Wave 2 has been completed successfully as an ABC ZigZag and we have already started a third wave to the upside!
The profit target is at 1:1 FIB extension LOG / 2.618 FIB LINEAR or the top of the parallel channel on the LOG scale.
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If you bought this altcoin or if you want to buy this altcoin, then comment on this idea!
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✅Bitcoin - You must see this!
Bitcoin is the beast! Did you see that green dildo on DOGE? This is what is going to happen with Bitcoin, so hit the like/boost button if you want this scenario right now!
Doge is a great indicator that the bottom of Bitcoin is in and extremely bullish November starts in just 2 days.
If we maintain this parallel channel, Bitcoin could reach $23,000 USDT next week. No problem at all.
As per my Elliott Wave analysis, we have plenty of room to go to the upside because the impulsive structure is probably incomplete.
If you are bearish, comment on this idea to share your opinion!
The stock market can continue to drop while Bitcoin can go up. I don't see any issue with that. But the bottom of the stock market could be in as well.
Bitcoin may never fall below 20k again. But the price is still very cheap and very good for an investment with a great risk-to-reward ratio.
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AUD/JPY: Long position; updateIn this update, I made an analysis in the morning today that I see a potential long position in AUD/JPY to find up long position.
So, I will decide to run this trade until next week. Remember you're early to entry in the long position in AUD/JPY. So, I entry price was $94.58 JPY. Stop Loss to $93.89 JPY (53 pips) and take profit toward $95.60 JPY (Update) (103 pips). So, we have this opportunity in our hand to buy early now and hold this long position until next week. Technically, AUD/JPY forming a bullish channel and after this drop that was this week, we're in the good zone to buy.
Any loss or earn, will be accredited for November, as we're going to start a new month. What I don't make any review in this analysis until closed up one of my two direction, loss or earn.
Good luck!!!
In H1 timeframe look bullish for this side, with a lot potential to continue up.
And in H4, the price still bullish in this range formed, what we see a lot potential to the upside movement.
Bitcoin it's in the top of this channelBitcoin it's in the good point to look a short position in H4 timeframe. We're in the formation of the possible weak from this level $20,400 USD.
So, I hope that Bitcoin continue down. If we see a bearish rejection from this top, I would to put a sell order limit to $20,600 USD with chance to short.
Also, in H1 timeframe we see a bearish candlestick formation and broke down of this support around $20,480 USD. Now, I will expect how the H4 candlestick will closed up in this range to get a comprehensive information if I see a short position in Bitcoin. In case that Bitcoin give us a bearish signal, Bitcoin could to reach to the target toward $19,220 USD.
Good luck!!!
In the past analysis, I predicted very well the climb of this price. But as I don't get this trade, i cancelled, but I improve very well my analysis there. And Ethereum case, was an excellent trade that I cached in trading.
Bitcoin forming bullish rising wedgeIn this analysis, Bitcoin it's into this bullish channel in H4 timeframe what the price it's being formed. And we're in the strong support that you can to watching in Daily timeframe or here in this screenshot that I share you:
Based in this perspective, we developing a strong support what in 5 times the bulls are defend this level of $18, 980 USD. And also, we forming a big bulish rising wedge, that mean if the price continue up, we could to see that Bitcoin hit the mark of $22,000 USD approx. But everything will depend how the market make reaction in the next week.
But now, in H4 into this deep analysis, we forming a bullish channel and into this chartist pattern, we see a bullish rising wedge in formation.
Now, I believe that we're in the good moment to place a buy order limit to make a trading in Bitcoin. I put a buy order limit to $18,980 USD. Stop Loss to $18,300 USD and take profit to $20,660 USD. It's a risk/benefit 1:2
Good luck!!!
I will look Ethereum situation!!!
✅Ethereum - No one is talking about this!
It's been 41 days since the merge. If Ethereum was still on PoW, there would be up to 488,000 ETH that miners would be able to dump into the market. Instead, net issuance is only 1,300 ETH since merge and stakers can't sell any of that yet! This is absolutely bullish.
Hit the like button if you didn't know that, because no one is talking about it!
As you can see on the chart, there is an ascending parallel channel, which is really great for a potential profit target or a sell short opportunity. This channel is on the LOG scale, but you can also draw it on the linear scale. Both are valid, unfortunately.
According to my Elliott Wave analysis, a previous extremely strong impulse wave gives us a great chance for a new swing high! Also, the correction has been clearly completed as a double ZigZag.
The price is above the blue trendline and do not be fooled. This trendline is much longer than you can see on the chart, but I am unable to show you on this daily timeframe.
It looks like November will be very bullish for the crypto market, which is really great, isn't it?
Look at my ideas about Bitcoin and 0% inflation in the related section down below!
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BTCUSDT major daily support ahead As we can see price is near the major daily support zone so if this support hold then we can expect a rise here like the green arrows mentioned on the chart but any breakout to the downside can cause more dump here and the next target would be 17K$.
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Bitcoin BTC, Secret trendline from 2013! No one is talking about
This is the monthly historical chart for Bitcoin , and as you can see, we are currently at major and very important support!
We have a long-term trendline that is printed only on the LOG scale, and the majority of retail traders never use the LOG scale, so that's why it's invisible to them.
The trendline was established in 2013, and this is the one and only one trendline you can draw at this moment.
So what happens if we break this trendline and previous all-time high from 2017 in conluence? Well, it will be extremely nasty, and this bear market is probably going to be the longest in the history of Bitcoin . We can basically have a 10-year sideways/corrective structure. There is also a possibility of a drop to 3000 USD (not now, but later in 2024) to the previous swing low from 2020. This is a true bubble that will pop, not the previous 2014 or 2017.
Also, if we break this trendline, then I can make a complete lifetime impulse wave from 2009 to 2021, and we are prepared for a multi-year massive ABC correction.
But I have faith in this support because, why not? Any speculation on a breakdown is, in my opinion, very risky at this point. You don't want to short the support and long the resistance, you want to do exactly the opposite. But the majority of breakout traders make this mistake. First, they should wait for confirmation before entering a short position here.
Do you think the trendline will hold or not? Let me know in the comment section!
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TCI - Ascending parallel channel pattern - 10% ROIAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
DXY - The best news for crypto/stocks!
This is great news for the stock market and crypto, because it looks like the DXY index has reached its destination at the top of the ascending parallel channel on the monthly chart.
The end of 2022 and 2023 could be very bullish for the stock and crypto markets! Maybe this is the last time we see Bitcoin below 20 000 USD.
2% inflation is on the table, we had a massive selloff in certain stocks, and they simply cannot fall in a straight line!
If we take a look at the RSI indicator, we are in overbought territory. It pretty much screams for a correction. Then we can make a final uptrend and print a bearish divergence on the 5th wave.
A previous swing high from 2001 is definitely a strong resistance and I believe we will take stop losses above this high before a huge downtrend will be in-play. But not now. It could happen in 2025.
According to my Elliott Wave analysis, I am missing a final impulse wave to the upside, so do not celebrate too much yet. For now, we are ready for an ABC correction to the downside on this chart.
As you can see, we hit the 1.618 FIB extension measured from wave 1 to wave 2. Extremely strong resistance indeed!
Look at my ideas about Bitcoin and the SPX 500 in the related section down below.
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LINKUSDT needs to hold the supports!The price is testing the 4h support inside a ascending channel on the daily timeframe.
The price had a big rejection from, the 7.8$ area and now the market is trying to hold the daily dynamic support and static 4h static support as well
How to approach?
IF the price is going to lose the support and retest it as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ black structure -> <= 1h structure.
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Follow the Shrimp 🦐
Trust Wallet TWT - Very durable altcoin, when pump?
TWT is an extremely durable altcoin. During the bear market in 2021-2022 this coin held its value very well.
The platform was acquired by Binance in July 2018. So there is a huge expectation for the Trust Wallet platform.
The full Trust Wallet team is not public, but it is known to comprise over 20 individuals — many of which have overlapping roles at Binance.
This altcoin can basically pump anytime soon, but we can also go sideways for another few months. I believe the value of this coin will increase.
The price is making higher lows. The structure is very bullish on the weekly chart. We have an ascending parallel channel with a symmetrical triangle inside.
The local uptrend started with a beautiful impulse wave, which is an amazing sign for the bulls. But, we don't know yet when the correction ends.
From my perspective, this altcoin provides a very low risk and pretty good reward, so it's worth it.
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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GBPAUD BUY!!Price got pushed up from 1.59478 support last month and has no re-entered the rectangle pattern on the daily chart . Looks like the price wants to retest the lower support of the pattern i.e. 1.71801 before it goes all the way up to 1.78057 !!
I'll take a Limit order placed at 1.71801 with 1.78057 being my final Target !!
TOTAL Crypto - Are we still in a bull market?
This is a major outlook on the total crypto market cap, which is probably the most important indicator.
As you can clearly see, we are in a bull market on the weekly/monthly timeframe, but if the bulls give up, then it can turn into a 5–10 year bear market, which will be the first bear market in the history of cryptocurrencies!
Please, do not write in the comment section things about previous bear markets in 2018, 2019, and now 2022. This is nothing compared to what may come.
But nothing is lost at all, because we are holding the key market structure!
The price is above the 200 weekly moving average, which historically has never been broken. We are above the previous swing high from 2018 and this is the most important support that must hold. The 0.382 FIB + the ABC correction is another bonus.
The chart is printing a massive falling wedge/bullish flag #2. You can compare this pattern with the previous structure from 2018.
As per my Elliott Wave analysis, an ABC correction of the previous impulse wave has been completed successfully with a 0.382 FIB, which is a reasonable retracement.
If you buy Bitcoin or Ethereum right now and it fails, then it was definitely a great trade and you should be proud of it. You took the risk, you took the chance. I think this is a great lifetime opportunity.
The money printer is up and running at full speed. Inflation is very high, so it's definitely great for cryptocurrencies.
October and November are extremely bullish months for Bitcoin, so there is a great chance for a bounce!
This is my verdict. We are still in a bull market and this was just a correction. We are preparing for another bull run, so do not miss it!
I expect tremendous gains for selected altcoins. You can find them in the related section down below.
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Ace Trading Academy - GBPJPY Long TradeAUDJPY is in an ascending channel which has been stated in a previous post and is linked to the related ideas. We're looking to trade inside the channel and could see it push to the upper resistance line of the channel.
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Ace Trading Academy - AUDJPY Ascending ChannelHi traders, What do you think about AUDJPY?
What I see AUDJPY doing right now is following an Ascending Channel. AUDJPY has tapped the Daily support zone pushing upwards now creating higher highs and higher lows. It is pushing in an upward channel where the highs and lows are tapping the upper resistance line and the lower support line. Looking for trade opportunities inside the channel until there's a break from it. Once the chart breaks look for a retest and a move from that point.
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DXY WILL THE DOLLAR PREVAIL OR NOT $$$Since the beginning of the year, DXY has been on an uptrend, establishing higher highs and lower highs. I have highlighted the significant support and resistance it has been bouncing off from for better understanding. Currently, DXY has touched the resistance and received rejection, causing it to decline; however, I believe this is the top and we will soon break the support and plummet; nevertheless, if it bounces off the support and continues to move forward, we will still be in a bullish trend and will go on to break the previous high.