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Litecoin's Hidden Secret: Life-TIme Double Bottom Pattern🚀In the symphony of crypto charts, Litecoin (LTC) unveils a hidden masterpiece—a recurring Double Bottom pattern that has quietly shaped its journey. A closer examination reveals a substantial resistance zone from $300 to $500, and the revelation of this pattern suggests a promising narrative: once breached, the path to $1000 may be within Litecoin's grasp. Chart Analysis: The Persistent Double Bottom Symphony LTC's Artful Consistency: Litecoin, throughout its historical charts, consistently paints the portrait of a Double Bottom pattern. This pattern, formed by two distinct troughs at approximately the same price level, signifies a potential trend reversal. Critical Resistance Zone: $300 - $500: Litecoin encounters a formidable resistance zone ranging from $300 to $500. A breakthrough beyond this zone would not only signify a major technical achievement but also pave the way for new possibilities. Anticipated Scenarios: Breaking Free to $1000 Breaking the Shackles: The persistent Double Bottom pattern suggests that Litecoin has been wrestling with a key resistance zone for an extended period. A decisive breach above $500 might unleash Litecoin from historical constraints, with $1000 emerging as the next major milestone. Strategic Approaches: Unleashing Litecoin's Potential Strategic Entry Points: Traders eyeing Litecoin's potential breakout might strategically position themselves before or during the breakthrough of the $500 resistance. Vigilant entry, coupled with risk management, could be essential for capitalizing on the anticipated move. Monitoring Resistance Dynamics: Continuous monitoring of Litecoin's price action within the $300 - $500 range is imperative. Breakout confirmation and sustained momentum above $500 would be crucial for validating the potential journey to $1000. Conclusion: A Symphony Unfolding in Litecoin's Charts As Litecoin follows the rhythm of a persistent Double Bottom pattern, traders and enthusiasts alike are eagerly awaiting the crescendo—a breakthrough above the $500 resistance. The stage is set for Litecoin to redefine its narrative and potentially embark on a journey towards the coveted $1000 mark. 🚀 The Hidden Double Bottom Symphony | 🎨 Breaking the $500 Resistance Palette | 🌌 Envisioning Litecoin's Ascent to $1000 ❗See related ideas below❗ Share your insights on Litecoin's chart dynamics and join the conversation about the potential breakthrough and its implications. 💚🚀💚
Long
by Yaroslav_Krasko
1
Fiction Friday- fans, megaphones, and frowny formationsSometimes you see things you cant unsee. Im seeing price action rhyme across various charts. Sure, trading off of pictures and crayons isnt science. But I've also been tracking the valuations and current sentiment readings. I mean, doesnt everybody like sales and discounts anyway. Buffett Indicator says GDP isnt keeping up with current stock market size. Money is costing more, that matters if you need money to make money. Oh and treasuries paying healthy coupons for the first time in 20 years, thats sucking up capital aint it. Any who. wait. Stocks always go up right? Be safe. Have a great weekend.
SP:SPX
by optionfarmers
6
DAILY SECTOR WATCH🟢WEED STOCKS TOP 10 Teradyne Curaleaf Holdings Green Thumb Industries Trulieve Cannabis Corp Canopy Growth Corp Verano Holdings Corp Cronos Group Inc Tilray Brands Inc Cresco Labs Inc SNDL Inc 🔴CRYPTO COINS TOP 10 Bitcoin Ethereum Binance Coin XRP Dogecoin ADA Matic Tron Dot Solana 🟣INDEXES US30 S&P 500 FRA40 GER30 NTH25 ASX200 EUSTX50 JPN225 HK50 Banknifty 🔵SPACE STOCKS TOP 10 Iridium Communications Inc Ses Rocket Lab USA Inc Aerojet Rocketdyne Holdings Inc Viasat Maxar Technologies Eutelsat Communications Astra Space Inc Sats Planet Labs 🟤RETAIL FOOD STOCKS TOP 10 Kroger Company Albertsons Company Sendras Distribiduira S A Sprouts Farmers Market Grocery Outlet Holdings Weis Market Inc Ingles Markets Inc Arko Corp Companhia Brasileira De Distribuidao American Beyond Meat
CSE:GTII
by Honestcowboy
Big Picture ADA 1MADA has seen a 90% correction since Aug 21, not as dramatic as a 99% pullback in 2018, that said, ADA could still match further downside given how much bullish follow through seen in Alt coin bullish breaks the past 24 hours. Right now, price action is at a cross road at it's recent support area of .30 zone. Price action has been very snug between the channels median and upper band lines during the downtrend. If there is no bullish momentum to break this 15 month downtrend channel, ADA could see a drastic drop to the teens. What to look for? SRSI cross on the 1W chart and 1M time-frames, both are very close.
by livmac7
Unexpected +100% - maybe more pump, or a dump back to realityI rly did not expect the XCH USD price to rise quickly that much. Maybe it happend because of the low volume and because the two quick dumps before and therefore the sell pressure was low. The general downtrend is still intact. I am curious if and when we will see a retest of the resistance arround 30 USD and if it can hold. I am also very curious how high the price can rise. I still expect a decreasing price below 20 USD in mid term because of the high supply before the first halving will happen in ~ Q1 2024. But we will see. At the moment farming is still not covering the costs for many people, even with the still decreasing netspace. This could result in more farmers to hodl and waiting for higher prices to sell at and therefore lower the real supply at the market. And AFAIK there are no major announcements in the pipeline for rly big unique features or new industrial, financial or state partners. I also don't expect the company to go public within the current global market situation. As always: No financial advice, just my thoughts.
by Just4FunTrader
DXY Dollar Index : History in the making , close to 40 year lookWorst national debt in history topping $30 trillion USD. Pandemic damages still lingering and causing shadow of doubt. Global tensions of war add and economical sanctions hurt tech companies, import, export and more. The only shining fundamental light is interest rate hikes. .50 or .75 or 1 percent make very little difference when the economy revolves around overnight crypto jumps of 100% as a daily thing. Now let's look at the technicals - Most overbought weekly RSI 14 that is pretty much imaginable, happened only 6 times in the last 38 years - A rating of around 80. Horizontal resistance around 103-104 stretching all the way back to 1885 that was confirmed 2020, 2017. Gold is keeping solid ground at the high 1800's with bullish weekly trend-line kept. Don't fall for spikes, be smart, trade safe. ------------------------------------------------------------------------------------------------------------------------- If you found my idea useful, please like and follow - Would mean the world to me :) I'll be more than happy to answer any and all questions or comments! Thank you!! -------------------------------------------------------------------------------------------------------------------------
TVC:DXYShort
by Exactus
2
Bitcoin X-RAY and diagnosis - What's next for the digital gold? Trader's have a tendency to over complicate and eventually come to the conclusion of no conclusion at all. But let's break it down to just a few sentences of simple practicality *******Support and resistance of connecting weekly lows and highs since Jan 2021 have been consistent and parallels in the shape of a tunnel ******** *******What took the market to the all time high of 68,000 was a consolidation from the tunnel floor and breakout above the lower high trend-line July 2021 ***** *******Between Feb 2022 - Today we see similar consolidation of price action as well as a breakout above the lower high trend-line stretching down from the all time high of 68,000***** From a technical perspective, there's very high potential of reversal from the tunnel floor stretching back over a year, with almost identical technicals of July 2021 breakout. From a fundamental view Bitcoin is the perfect hedge against overwhelming global inflation. There's no need to dig deeper because currently the fundamentals are all sitting on the foundations of inflation. In a scenario where the tunnel floor is broken and a week closes below 35,000 - It could mean downside towards the 20,000's - This is much less likely and would be a big surprise. -------------------------------------------------- Please follow and like - I would greatly appreciate it. You can also feel free to message me for any questions and I'd love to help! I'm new to posting ideas and trying to find my combo of artistic and informative charts , Would love to hear your output of what you would like to see more of and what you think about the design Thank you ^___^ ----------------------------------------------------
BITSTAMP:BTCUSDLong
by Exactus
3
BTC/USD in the big pictureAnalysis of #BTCUSD BTCUSD seems to evolve on a Modified Schiff Pitchfork since 2020. Since early 2022, BTCUSD has broken a multi month trendline (Yellow), and it evolve between the level 1 (Blue) and the level 1.5 (Purple) of this Modified Schiff Pitchfork. Few days ago (04/29/2022), the BTC tried to reclame the multi month trendline (Yellow) and the 200 SMA (Red), it ended on a rejection. BTC find support on the 100 SMA (Orange) and 50 SMA (Yellow). If we zoom in, we can see that the BTC is forming an ascending channel (White).
BITSTAMP:BTCUSD
by MyCryptoSuccubus
EURUSD monthly triangleSince the last 20 years a huge triangle built on the EURUSD. We are on the edge of this triangle. A break higher than the top of the range (1.16500) will follow with the weakest dollar we've seen in a very long time and a massive bull trend. A break below the bottom of the range (1.08000) will follow with a stronger dollar and a much weaker euro. At the moment fundamentals are in favor of continuation of bull trend pushed by huge amount of money printing dropping the Dollars value. It seems for the moment the Dollar lost safe haven status.
Long
by Exactus
Bitcoin Big Picture LevelsUPDATE #BTC levels.. A break of 35.9k opens move to 34.5k looks like it could send it much lower toward a target near 26k-30k. #Bitcoin support levels: 36,300 / 34,500 / 33,000 / 29,000 / 26,300 Bitcoin resistance levels: 38,800 / 39,250 / 40,000-40,200 / 45,800 / 50,000 The facts are: Bitcoin isn’t a good hedge against inflation when Fed is tightening. It’s not really leading into a favorable seasonality trend for end of Feb into March. Google search trends peaked in 2021. USD strength = BTC sells off (most likely) / The mechanics of a credit unwind are essentially a short squeeze on the deflating (appreciating) fiat currency. What is the main denomination of Bitcoin? = USD
BITSTAMP:BTCUSD
by Freshly_Snipes
Lets be real: the big picture (SPY)if you zoom out and really think about it we havent held a downtrend for long enough to say a broader bear market taking years to regain. even if it lasts less than 9 days, we have always bounced at accumulation levels such as this even during corona and the following recession. im not saying trust this as the bottom, but there is long money willing to make bull, and a temporary short squeeze is normal under these conditions. sunday there will likely be continued selling, but aiming for at least gap to close up is reasonable. after that, the magnitude and direction of volatility based on that move with fib auto trend extension will determine how far we will go in this last week of january. if we head down immediately, or we dont retrace enough to find a higher low, we could see further downside which, for the time being, is almost certain upside is almost certain as well. tutes, mm, smart money is going to play the oversold bounce game for a while when they find a place. we are entering an accumulative phase soon. this does not mean higher prices are guaranteed. accumulation means a sell climax is beginning. panic selling to new monthly lows is a contrarian buy for swing trades. 427 is a low target 434 is a pivot 437, 447 are high target may the force be with you, always.
AMEX:SPY
by cerealtrades
The Big Picture: Renewed pandemic fear, S&P 500, Oil demand outlThe big story on the emergence of a new strain of COVID-19 in South Africa caused Wall Street’s three main indices ($SPX, $NDX, $RUT) to tumbled on Friday as they re-opened after Thursday’s Thanksgiving holiday with energy, financial and travel-related stocks bearing the brunt of the selloff. The renewal or pandemic fear has outlined as the biggest risk to today’s market, and it is likely to inject volatility to the market for the remaining of the year. Major indices dropped more than 2.0% on Friday, as investors sold risk assets. The $SPX fell 2.3%, the $NDX fell 2.2%, and the $DJI fell 2.5%. The $RUT 2000 underperformed with a 3.7% decline. WTI Crude Futures also fell -12.3% on Friday on worries of a supply glut. With Equal-Weighted $RSP sitting at its 50DMA confluence with resistance turned support at $156 range, there is a significant representation of $SPX stalling its sell off for this week. Last week’s leading sectors: $XLU (Utilities) +3.76% $XLP (Consumer Staples) +2.39% $XLV (Healthcare) +0.98% $SPX -2.20% This week’s watchlist: $MF, $PXD, $AA, $AMD and 55 more names. The new variant strain may also raise doubts over how quickly the Federal Reserve can move to unwind stimulus to tackle spiraling inflation. Eyes will be turned to the US jobs report due Friday, which will probably point to a continued recovery in the labor market. Elsewhere, Federal Reserve Chair Powell testifies before Congress, while a highly anticipated OPEC+ meeting is expected to offer guidance into the coalition’s crude output plans. Here’s what you need to know to start your week. Market Technicals $SPX (S&P 500) vs $RSP (S&P 500 Equal Weight) $SPX declined -2.20% (-103.34 points). Similarly, Equal Weighted $RSP declined -2.00% (-3.19 points). As the week’s Omicron driven selloff happened on a shortened trading session on Friday, it is worth to note that the transactional volume of that shortened session have far exceeded an recent full average day’s trading volume (50D Average Volume) in all major indexes. With $RSP sitting at its 50DMA confluence with resistance turned support at $156 range, there is a significant representation of $SPX stalling its current sell off for the week. The key index and level to watch for the week will be $RSP at $155.75 for further confirmation of market weakness. The immediate support to watch for $SPX this week is at 4,585 level, a further break of the low of Friday’s lowest price action. New pandemic wave? Wall Street’s three main indices tumbled on Friday as they re-opened after Thursday’s Thanksgiving holiday with energy, financial and travel-related stocks bearing the brunt of the selloff, sparked by the discovery of the new coronavirus strain. While little is yet known of the new variant first detected in South Africa, scientists said it has a high number of mutations that may make it vaccine-resistant and more easily transmissible than the Delta variant. Before Friday, investors had been upbeat about the strength of the economic recovery amid broad vaccine availability and advances in treatments, despite fears over steadily rising inflation. Jobs report A robust November jobs report could underline the case for the Fed to speed up unwinding its $120 billion-a-month stimulus program at its next meeting in mid-December. But a fresh wave of the pandemic could throw those plans into doubt. Concerns over spiraling inflation, coupled with signs of an accelerating economic recovery had prompted investors to begin pricing in a faster taper and earlier interest rate hikes. Friday’s non-farm payrolls report for November is expected to show that the economy added 550,000 jobs, bringing the unemployment rate down slightly to 4.5%. Powell and Yellen testimony Fed Chairman Jerome Powell, fresh from his nomination for a second term by President Joe Biden, is due to testify on the CARES Act, the central bank’s pandemic-era stimulus program, before the Senate Banking Committee in Washington on Tuesday. Treasury Secretary Janet Yellen is also due to testify. A similar hearing will be held before the House Financial Committee on Wednesday. Investors will be looking for fresh insights on the outlook for the economic recovery amid renewed pandemic uncertainty. Oil demand outlook Oil prices plunged $10 a barrel on Friday, their largest one-day decline since April 2020, as news of the new Omicron variant saw countries rush to restrict travel, adding to concerns that a supply glut could swell in the first quarter. The Organization of the Petroleum Exporting Countries and its allies (OPEC+) is due to meet on Thursday, after last week’s decision by the U.S. and other governments to release oil from strategic reserves in a bid to lower gasoline prices. For its part, OPEC+ has stuck to monthly output increases of 400,000 barrels per day (bpd) since August, despite calls to increase output to drive down oil prices.
AMEX:RSP
by jfsrevg
2