Stellar XLM The biggest Moon 14.00 +XLM BULL PENANT/FLAG
This is just and idea. Why so stagnant? For years after years in regards to new ATH?! Because the pole upwards is coming!
XLM has been working and building in the background. Lately with the new Soroban contracts phasing out. XLM is becoming a Real World Assets commodity. The project and foundation has kept an ear to the damn US government in regards to compliance and regulation. In price action terms XLM is considered dead because it’s brewing up ready to blow off.
Don’t be deterred nor discouraged. I believe we are in a super cycle. If the pole breaks upwards and you held, though you may have traded the last bull run. You have to hold XLM’s bottoms on the pennant/flag.
The highest hopium is the highest risk. If it pays off, you’re rich.
Athbreakout
Bitcoin Hits $72,000- A New All-Time High Bitcoin ( CRYPTOCAP:BTC ), the flagship cryptocurrency, continues its meteoric rise, reaching a new all-time high of over $72,000, fueling market excitement and institutional confidence. The latest surge comes on the heels of a staggering $2.6 billion weekly inflow into Bitcoin ( CRYPTOCAP:BTC ), reflecting growing interest from Wall Street and bolstering optimism within the cryptocurrency market.
Institutional Influx Signals Market Confidence
The recent CoinShares report reveals a remarkable milestone in cryptocurrency, with a record-breaking $2.6 billion inflow into Bitcoin ( CRYPTOCAP:BTC ) investment products. This influx underscores the increasing confidence among institutional investors, highlighting Bitcoin's growing stature as a legitimate asset class.
Wall Street Embraces Bitcoin
The surge in Bitcoin's inflows is indicative of Wall Street's evolving interest in digital assets. Despite recent price surges, investors continue to pour funds into Bitcoin, with U.S. Spot Bitcoin issuers witnessing robust inflows. This institutional embrace of Bitcoin signals a significant shift in the traditional financial landscape, as more institutional players recognize the value and potential of cryptocurrencies.
Diversification Beyond Bitcoin
While Bitcoin ( CRYPTOCAP:BTC ) remains the focal point for investors, other cryptocurrencies are also experiencing notable inflows. Solana, Polkadot, Fantom, Chainlink, and Uniswap are among the digital assets seeing increased interest, signaling a broader diversification trend within the market.
Regional Trends and Market Dynamics
Regionally, the United States leads the pack in terms of inflows, followed by Switzerland and Brazil. However, profit-taking activities were observed in Canada, Germany, and Switzerland. Overall, the surge in inflows has propelled total assets under management to a record high of $94.4 billion, underscoring the growing investor appetite for digital assets.
Optimism Amidst Market Dynamics
Market analysts remain bullish on Bitcoin's future trajectory, especially with the upcoming Bitcoin ( CRYPTOCAP:BTC ) Halving event. Historical trends suggest post-halving rallies, further bolstering investor sentiment and reinforcing Bitcoin's potential for long-term growth. Additionally, prominent Bitcoin analysts project even higher price targets, citing macroeconomic factors and bullish technical indicators.
Looking Ahead
As Bitcoin ( CRYPTOCAP:BTC ) continues to redefine the financial landscape, the surge in institutional interest and record inflows signal a pivotal moment for the cryptocurrency market. With Bitcoin reaching new heights and investor confidence at an all-time high, the stage is set for further innovation, adoption, and growth within the digital asset space.
BTCUSDT_W_2024_10With the Bitcoin Halving just 36 days away(CMC), the market has witnessed a noteworthy 55% price surge since my previous analysis(W6), defying earlier expectations. During Weeks 9 and 10, Bitcoin's price embarked on a robust uptrend, which was supported by volume.
Currently, Bitcoin is trading just shy of its previous all-time high (ATH), a level that might present formidable resistance. There's potential for selling pressure around these highs as early investors may seek to realize profits. However, recent candlestick formations have not demonstrated significant upper shadows, suggesting that the bullish momentum is holding strong with buyers maintaining market command.
The Relative Strength Index (RSI) has crested the 70 mark, signaling that Bitcoin is in overbought territory. Such readings often lead to price corrections or at least a period of consolidation.
If you are trade this volatility, a good entry point would be an approach would involve waiting for a dip or a spike , offering a better risk-reward ratio. Stop-loss is a must at these times.
Additional Notes:
Macro factors and market news should also be monitored, as they can significantly impact cryptocurrency prices.
Bitcoin Hits New All-Time High Price Above $69,000 😱😱😱😱😱Bitcoin ( CRYPTOCAP:BTC ) today set a new all-time high price above $69,000, as investors and traders rush back into the cryptocurrency market.
The digital asset surged to about $69,324.58, according to price data on Coinbase. That's a 4% 24-hour rise. Over the past 30 days, the asset has soared by more than 58%. Its previous all-time high of $69,044 was set on November 2021, over two years ago.
Since the start of 2023, CRYPTOCAP:BTC is up by more than 300%. Prior to that, and following a brutal bear market, it was trading for less than $17,000 per coin.
The most significant catalyst is the approval and successful launch of 10 spot Bitcoin ETFs. After a decade of denials from the SEC, the tide turned in June of last year when BlackRock—the world's largest asset manager—submitted its own application for a Bitcoin exchange-traded fund.
The renewed interest from big investors and other major Wall Street firms that followed kickstarted a bullish Bitcoin rally, and the asset began to climb back up the price charts.
By the end of the year, Bitcoin ( CRYPTOCAP:BTC ) was trading comfortably above $42,000.
When the Securities and Exchange Commission finally approved Bitcoin ETFs in January, the price of Bitcoin got a modest bump, but then dipped as crypto traders appeared to "sell the news" and took their profits. Since late January, however, the price of Bitcoin ( CRYPTOCAP:BTC ) has skyrocketed as interest in ETF products increased and retail investors came back into the fold.
AGIX CUP AND HANDLE: UPCOMING BEARISH MOVE OR ANOTHER ATH HIT?The main headline of the price movement for BINANCE:AGIXUSDT is reaching its all-time high several days ago. Forming an inverse cup and handle pattern (or a head and shoulders), citing a possible bearish move for AGIX. But could it happen or will there be another all-time high for the coin as well as price and trendlines to watch out for in my full technical analysis on this idea thread below. Stay tuned and happy trading :)
For more info related on AGIX: www.ccn.com
Cardano's Rise to Prominence: A Journey Towards the $1 MarkCardano ( CRYPTOCAP:ADA ) has emerged as a beacon of hope and optimism, charting a remarkable path towards its yearly high amidst Bitcoin's historic rally. With each upward surge, CRYPTOCAP:ADA finds itself inching closer to the coveted $1 mark, igniting excitement and anticipation among investors worldwide.
February's Fantastic Performance:
Cardano's performance throughout February has been nothing short of spectacular. Starting the month with uncertainty below $0.5, CRYPTOCAP:ADA defied expectations by closing above $0.70 for the first time since 2022. This surge in value was fueled by a relentless momentum, as CRYPTOCAP:ADA shattered key resistance levels week after week, instilling confidence and optimism in its trajectory.
Surpassing Expectations:
Despite initial doubts, Cardano ( CRYPTOCAP:ADA ) showcased its resilience by surging to a new yearly high of $0.71, surpassing expectations and solidifying its bullish structure. With an overwhelmingly positive long-to-short ratio, market sentiment remains bullish, with widespread anticipation for ADA to breach the $1 milestone.
Challenges and Opportunities:
However, CRYPTOCAP:ADA 's journey towards $1 is not without challenges. Liquidity gaps, resulting from rapid price surges, pose a potential obstacle that CRYPTOCAP:ADA must overcome to sustain momentum. Yet, amidst these challenges lie opportunities, as Bitcoin's rally paves the way for increased market participation and potential capital inflows into $ADA.
Looking Ahead:
As CRYPTOCAP:ADA navigates the coming weeks, the cryptocurrency community eagerly awaits to witness whether Cardano can achieve the highly anticipated $1 milestone or consolidate at its current levels. Market dynamics remain unpredictable, emphasizing the importance of considering alternative perspectives and opinions when evaluating ADA's future performance.
Why It Matters:
Cardano's ascent amid Bitcoin's rally underscores the interconnected nature of the cryptocurrency market. As Bitcoin stabilizes, the potential for funds to flow into ADA presents an exciting opportunity for market participants and CRYPTOCAP:ADA holders alike, potentially propelling ADA's price beyond $1 for the first time in nearly two years.
In Conclusion:
Cardano's journey towards the $1 mark symbolizes more than just a numerical milestone—it represents resilience, optimism, and the transformative potential of cryptocurrencies. As CRYPTOCAP:ADA continues to make strides in the crypto landscape, its pursuit of $1 serves as a testament to its growing prominence and significance within the broader crypto ecosystem.
NQ Power Range Report with FIB Ext - 3/1/2024 SessionCME_MINI:NQH2024
- PR High: 18082.50
- PR Low: 18044.75
- NZ Spread: 84.25
Key economic calendar events
09:45 | S&P Global US Manufacturing PMI
10:00 | ISM Manufacturing PMI
- ISM Manufacturing Prices
Knocking on door of ATHs
- First day of month on a Friday
- Above week highs
- Previous attempt to push ATHs failed same day
- Should have more excitement for ATH break
Evening Stats (As of 1:35 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 233.32
- Volume: 32K
- Open Int: 294K
- Trend Grade: Bull
- From BA ATH: -0.01% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18106
- Mid: 16963
- Short: 16391
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
First ATH BREAKOUT Before Halving ?? Bitcoin Halving: What It Is and Why It Matters
Bitcoin halving is an event that occurs every 210,000 blocks (approximately every 4 years) where the block reward for mining Bitcoin is cut in half. This is programmed into the Bitcoin protocol and has a significant impact on the BTC price.
Why Halving Leads to Growth
Reduced Supply: Halving cuts the number of new Bitcoins created each day in half. This can lead to scarcity, as demand for BTC remains constant or increases.
Increased Value: The decrease in supply can lead to an increase in the value of Bitcoin, as it becomes more difficult to mine.
Psychological Factor: Halving is an anticipated event that can generate excitement about Bitcoin and lead to increased investment.
History of Bitcoin Halvings:
2012: The first Bitcoin halving occurred on November 28, 2012. At that time, the block reward was 50 BTC, and after the halving, it decreased to 25 BTC.
2016: The second Bitcoin halving occurred on July 9, 2016. The block reward decreased from 25 BTC to 12.5 BTC.
2020: The third Bitcoin halving occurred on May 11, 2020. The block reward decreased from 12.5 BTC to 6.25 BTC.
Impact of Halvings on Bitcoin Price:
After each Bitcoin halving, the BTC price has experienced significant growth.
2012: After the 2012 halving, the BTC price grew from $12 to $1150 over 18 months.
2016: After the 2016 halving, the BTC price grew from $650 to $20,000 over 18 months.
2020: After the 2020 halving, the BTC price grew from $9,000 to $64,000 over 12 months.
Expectations for the 2024 Halving:
The next Bitcoin halving is expected to occur in April 2024. This time around, expectations are somewhat different, as:
Bull Market: Unlike previous halvings, the BTC price is already in a bull market.
Institutional Interest: There is significant institutional interest in Bitcoin now, which could lead to even greater growth after the halving.
Will ATH Be Breached Before the Halving?
While halving has historically always led to new ATHs, this time the probability is somewhat higher.
Bullish Trend: The market is already in a bull trend, which is favorable for further growth.
Institutional Interest: Growing institutional interest could stimulate demand for BTC.
However, it is important to remember that the cryptocurrency market is volatile and unpredictable. It is impossible to predict with 100% certainty that the BTC price will break ATH before the halving.
It is important to conduct your own research and only invest what you can afford to lose.
Zomato the Tomato - now looks like Half-cut Onion :)Zomato right from its IPO was always on the Lime-light for both Positive & Negative reasons till-date. Many were apprehensive of Zomato's success given the enormous amount of Debt the company carried during its IPO & Post-IPO days
Not Surprisingly, after a brief Upmove right after IPO, the Price started falling so sharply and badly that it became one of the most Trending Memes on Social Media that Zomato price is Less than a Tomato
With the recent Strategic changes brought in by the management and coverage of most of its Debt, Zomato has not shown strong signs of a Bullish Reversal and also hints of becoming a Multi-bagger stock
On the Technical Front - Zomato formed Multiple Concentric Rounding Bottom Patterns right from 120 level to 160 (CMP 161). Each Rounding Bottom Pattern slightly bigger than its predecessor resulting in incremental increase in Targets.
With so many concentric circles (Rounding Bottoms) - Zomato Chart now Looks like a Peeled Onion :) :) :)
Technicals:
At CMP (161) - Zomato is has completed one of the Earlier targets set and also on the Verge of its Last and Largest Rounding Bottom Pattern.
A Strong BO above 161 WCB will take the stock to 185, 245, 280 (Almost 2x from here)
Note: Our Recommendation and Entry was approx. 103 levels and we are already at 55% Profits and target of 280 is approx 2.7x from Recommendation :)
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
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Our focus is NOT providing Buy/Sell Recommendations/calls
Primary Objective is to provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
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Kaspa (KAS): In great spirits!Kaspa is in great spirits, with a run of over +40% in 5 days, and is now just a step away from its closing ATH!
Does it need a breather, or will it break all the way up?
Being rejected by the ATH should bring the price back towards $0.123 in the first instance, on the support indicated by our Pivot Identifier . But if we get a daily close above $0.145, then Kaspa could mark a new ATH.
To find a target, we've plotted Fibonacci extensions of the last big move. Why not go for 1.618 in the medium term, towards $0.21!
In the short term, a small retracement seems probable, as many indicators are currently overheating, as shown in our Ultimatyx Screener table.
NQ Power Range Report with FIB Ext - 1/24/2024 SessionCME_MINI:NQH2024
- PR High: 17578.25
- PR Low: 17551.50
- NZ Spread: 59.75
Key economic calendar events
09:45 | S&P Global US Manufacturing PMI
- S&P Global Services PMI
10:30 | Crude Oil Inventories
Continuing to push the highs
- Break above prev 2 session highs
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 215.78
- Volume: 23K
- Open Int: 288K
- Trend Grade: Bull
- From BA ATH: -0.7% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 17700
- Mid: 16391
- Short: 15819
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
hpallook at chart and each points is discrete.
yeaster sesion volume high at ever in stock
volume give boost stock at high level
and this volume absorbs that sentimental resistance of 100
but around 20% rally in yesterday's session was risky in trading
stock must sustain above eserady high
Thank you for trading this confirmation for the stock move above
no recommendation for buy and sell
Technical study of this INSANELY powerful bull market!Once again, the indices are rising strongly. While the SPY is heading towards its all-time high, the QQQ and the Dow Jones ETF are already breaking a new all-time record, again. When will we see the market calm down again? What if a top signal appears on the indices?
The SPY ETF is in a clear uptrend, making rising tops and bottoms, breaking its resistances and trading above the 21 EMA (which is pointing upwards, by the way). The next technical resistance is at $479.98, the all-time high.
Are there any signs of a top in the SPY, either from a candlestick pattern or a chart? None that I know of. On December 14th we had an attempt to signal a top, a sort of Hanging Man pattern. The problem is that the pattern wasn't even triggered, as the price had to lose and close below the low of the Hanging Man candle.
This corroborates what was said in my educational analysis on SPY. Many people try to guess the top based on weak technical patterns, they get scared of one or two bearish candles even without confirmation of a correction. The link to our latest public study on SPY is below this post.
Furthermore, according to Thomas Bulkowski's studies, the Hanging Man pattern serves as a bullish continuation pattern 59% of the time, contrary to the popular belief that it is a bearish reversal pattern. Perhaps this is because of the hourly chart.
The vast majority of the time, a Hanging Man only serves as a short-term pullback to a support point. In this case, looking at the hourly chart, we see that after the 14th, highlighted in yellow, we see a correction to a support area, made not only by the 21 EMA, but also by a trend line that connects the bottoms in SPY since December 6th.
As SPY approaches its high, we see QQQ and DIA trading above their previous high of 2021/2022 (green lines). There is no evidence known to me that could trigger a correction yet. The uptrend should continue in the absence of clear signs of a reversal. Remember the sixth principle of Dow Theory: Trends persist until a clear reversal occurs.
What if the indexes correct? Then the price should seek its previous supports. In the case of the SPY and QQQ, the 21 EMA is a good candidate for a bottom. The DIA could correct up to $369.50, its former resistance, which in theory will be a future support, according to the principle of polarity. This scenario describes a pullback, not a reversal, as there is no possible bearish reversal structure on the indices yet – there isn’t even a top signal. What could trigger a bearishh reversal? If a bull trend is made of higher highs/lows, then if we see the price making lower highs/lows, and if it loses the 21 EMA on the daily chart, then we'll know that the trend is reversing.
However, I do agree that if the market calms down, now the timing would be perfect, as the indices are all trading around their all-time high, a critical price level for the market. I’ll keep you updated on this, so remember to support this idea if you liked it, and follow me for more.
Best regards,
Nathan.
Nifty Give a Breakout of Life time.Nifty has given a proper lifetime breakout on Friday. This Breakout has opened channel which can take Nifty towards 20700+. Resistances on the way will be at 20445 and further at 20734. Supports for Nifty will be at 20013 and 19675 on a weekly chart. These projections will be valid if Election results will be similar to Exit Poll results. If there are results which are against the popular trend and in antithesis to the Exit Poll results, we can see a mild or massive sell off too. So be watchful of the Assembly Election results.
Theta Network (THETA) Aiming To New All Time HighSince October 19, THETA has increased by 50%, primarily due to the upward trend on the BTC chart, which remains a driver for the entire cryptocurrency market. Last night, the price of THETA surged by 15% once again, setting a new local high at $0.833.
Buyers still have a greater influence on the Theta Network price than sellers, making a continued upward scenario a priority. The next targets for buyers could be the resistance levels at $0.85 and $0.87, although it would be preferable to see some stabilization of the rate in a sideways range between the support zone of $0.723–$0.745 and resistance of $0.795–$0.833.
In case of a correction, THETA could drop to levels of $0.703, $0.688, and the narrow demand range of $0.660–$0.675. All of these marks are part of the upward trend, so testing them could be a logical step before moving to new highs.
#DEVYANI TRADE IDEA SETUPGreetings Folks,
today i have prepared a setup on DEVYANI on NSE
the setup is as follows
- the price is trending at all time high
- the volume is contradicting the price
- there is an imbalance to be filled
- we will not time the market to look for sells
better wait for a proper bearish structure
- price broke the previous high with good volume
dont play with fire, always use predefined stoploss