Bottom
Long-term bottoms for Position Trade OpportunitiesNASDAQ:TWST reports tomorrow and has been trending up but doesn't have a pre earnings run. However, the stock has completed a long term bottom which provides strong support. Position trade candidate after the earnings volatility settles out. Institutional Holdings are very high.
$INJ setup for 50% gain on next days, 3D timeframeCRYPTOCAP:INJ setup for 50% gain on next days, 3D timeframe:
We are on 3D timeframe here. Blue arrows number '1' and '2', were bottom pivots on Hodlfire Indicator (copyrighted) right over the Exponential Moving Average 200 (3D 200EMA) line (green), and we just got a 3rd, right over the 200EMA again (the last blue panel under late price movements)
So, as we are pivotting the bottom here, we expect next target on the last reset of VWAP line (orange line) at 38.60 usd, bringing over 50%
There was a first and second confirmation of trend, (1.) the support on all-time-high of the last cicle (pink line) and (2.) break of diagonal blue trendline; if you want to wait for another confirmation, the 3rd, just wait suport over the black VWAP quarter line around 27.00 usd
NOTHINGNOTCOIN formed a rounding bottom on weekly timeframe🤔
breakout it happened
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- AB=CD
- Rounding Bottom
Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
SPY Fibonacci Price Theory And BreakOut BarsThis instructional video teaches you the basics of Fibonacci Price Theory in conjunction with Breakout Bars and how price is the ultimate indicator.
Throughout this video, I try to provide instruction on key elements related to the Fibonacci Price Theory (Unique & Standout Highs/Lows). Additionally, I've also included Breakout Bars and Fibonacci Price Retracement concepts.
What I really hope you learn from this video is to see price as the true ultimate indicator for your trading decisions. Using technical analysis techniques is fine, but use price as the key element when trying to confirm or reject your trading ideas.
I hope this helps you understand that price, action, and reaction through trends, peaks, and troughs are the most important components of the chart. Everything else is peripheral.
$BTC tops correlates to $DXY bottoms?Dollar strength bottoms historically marked the tops of the Bitcoin bullrun.
If the dollar is used to buy Bitcoin, then if the dollar loses strength, more dollars are needed to buy Bitcoin, right?
Then if, in the future the dollar crashes hard, can Bitcoin make a super bullish rally?
Momenth of truth for ETHBTCI'll try and be as brief as possible in this one.
I believe this to be a pivotal month for ETHBTC.
Either we see a full-fledged no-excuses breakdown confirmed with a weekly close below the last wick on said timeframe, or I will continue to think that a macro low is being formed here.
There is everything you want to see here if you're going to take a bullish stance.
1) Confirmed triple bullish divergence on both 1D and 1W.
2) Fake break of structure with a dip down and then pop back up on the 1W.
3) Chance for a 55EMA and 200EMA death cross fakeout inbound on the 1W.
4) Stochastics ready to go back up on both 1W and 1M.
5) Six months and counting of price action hanging onto the lows without truly breaking down.
6) History of ETHBTC losing value after BTCUSD breaks all-time high, only to go back into an uptrend after a few weeks.
7) BTC.D painting a swing failure on the 1W with a confirmed bearish divergence and rejection of the RSI bullish control zone.
This might get all thrown out of the window tomorrow, but as long as the aforementioned points stand, I'll keep believing that one should exercise maximum caution in being bearish at this time and place.
A weekly close above the 55EMA before it crossed the 200EMA will make me even more of a believer of the bullish case.
If that happens, and ETHBTC can also trade above 0.061, I would have no more reason whatsoever to fear a breakdown, thus absolutely confirming a macro low, and looking for a higher valuation.
📈Mastering Stock Selection:A Journey to Long-Term Wealth💰Part1Interested in selecting high-quality stocks and growing your wealth through long-term investing? Today, I'll guide you through effective stock selection methods, including the top-bottom and bottom-top approaches. Remember, as Warren Buffett famously said, "The stock market is designed to transfer money from the active to the patient." 💼📈
Let's start with the top-bottom approach. First, you choose an economy, such as Indian, US, or UK. Next, select a sector within that economy, like Financial Services, IT, or Pharma. From there, narrow down to an industry within the sector, such as AI, Clean-technology, or Hardware. Finally, choose a company within the industry. Don't worry if it seems complex – I'll provide examples and guidance throughout. 💡🔍
Conversely, the bottom-top approach flips this order. We start by selecting a company, then move up to its industry, sector, and finally, the economy. 💼🔄
Let's put theory into practice with the top-bottom approach: (a random example)
1. Choose India as the economy.
2.Select the IT sector for its promising future.
3. Opt for AI as the industry due to its potential.
4. Select Infosys as a company.
Now, it's your turn! Share examples of top-bottom or bottom-top approaches in the comments for practice. 💬💡
In the upcoming discussions, we'll delve into the fundamentals of sector, industry, and company analysis. Don't worry—I'll explain everything from market cap and cash flow to return on equity (ROE). 📊✨
Target of likes (boosts): 25+ (if we achieve our target than I will make Part 2) 🎯🚀
Follow for more such ideas & learning content! 🔍
Bitcoin Corrective Wave MetricsAnalysis of long-term corrective waves from ATH's of different historic periods
Facts:
The drop of 93.75% back in 2011 was the biggest correction of all time.
With time the corrections after new established ATH's got gradually smaller.
I'll use fibonacci retracement to measure those heavy drops as ATH - 1 and bottom as 0 to document how measurements of historic drops could define levels of forthcoming waves.
-93.75% capture:
2.272 made next ATH of 2013
1.618 defined the 2015 bottom
Similarly, -86.96% fib measurement defined:
Next ATH of 2017 at between 2.272 and 2.414
Level of 1.414 called the bottom
-84.22% drop:
This time 1.618 called ATH of 2021
Level between 1 and 0.786 made 2022 bottom
Logistic curve partially explains why forthcoming bottoms got close to the previous ATHs
The question is, could that be a sign of already saturated market which would cause btc to sidetrend making a long-term diamond pattern. Despite of Bitcoin being deflationary asset, the rate of growth has been slowing down, as the % of bullrun waves got smaller.
Knowing about positive correlation BTC and SP500, we can deduce that BTC wouldn't have grown if not for SP500. This dependence would be a venerability for Bitcoin, if AMEX:SPY drops in the nearest future.
Nevertheless, many authors in TradingView are optimistic about further growth. The fact that current price still holds at previous ATH levels, could indicate that crowd could be actually right.
So to estimate where it would stop, I'll use most frequent fib levels which defined both next bottoms and ATH's.
Levels are: 1.272, 1.414, 1.618 and 2.272
MJ ETF (cannabis) - Potential Double Bottom Pattern - MonthlyMJ ETF (cannabis) has potentially double-bottomed over the past 6 months (october 2023 to march 2024).
Either a possible tradable bounce, or a long-term rally could occur over time as more countries partially legalize cannabis and marijuana.
Long-term resistance price targets would be: $6, $9, $14, $18.
Support price targets below would be $3, $2.50, $2, $1.
Cannabis companies and stocks are highly sensitive to Government Laws & Regulation changes, Fundamental Catalysts, and Corporate Earnings.
🚧LPTUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi.
COINEX:LPTUSDT
😊 Today, I want to analyze Bitcoin for you in a Weekly time frame so that we can have a Mid-term view of LPTUSDT regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
LPT has Created a Large Rounded Bottom. This Means The Price Can Increase as Much as the Length Between The Top and The Bottom Of the Rounded Bottom. Since the rounded bottom is Not broken. The price can have a good rally after the breakout.
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- Rounded Bottom
- AB=CD
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BTC Road Map🗺️!!! situation+next targets.Hi.
BINANCE:BTCUSDT
Today, I want to analyze BTC for you in a weekly time frame so that we can have a mid-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
We have a Bullish Structure here
BTC formed a rounding bottom on weekly timeframe🤔
Up we go if we do breakout
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- AB=CD
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Bitcoin On The Way To 57K!!!Hi.
COINEX:BTCUSDT
😊Today, I want to analyze Bitcoin for you in a 12h time frame so that we can have a Mid-term view of Bitcoin regarding the technical analysis. (Please ✌️ respectfully ✌️share if you have a different opinion from me or other analysts).
BTCUSD has Created a Large Rounded Bottom. This Means The Price Can Increase as Much as the Length Between The Top and The Bottom Of the Rounded Bottom. Since the rounded bottom is broken. The price can have a good rise.
✅ Due to the Ascending structure of the chart...
- High potential areas are clear in the chart.
- Rounded Bottom
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️ Like ❤️ and 🌟 Follow 🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
BINANCE:FILUSDT - Double is the best for LONG entry ---------------------------------------------------------------
Description
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+ FIL has recently formed a notable double bottom pattern.
+ Overall, FIL exhibits strong bullish sentiment, with the next target projected at 8.115.
+ This rebound from support suggests a promising trend ahead.
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VectorAlgo Trade Details
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Entry Price: 5.399
Stop Loss: 4.630
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Targets 1: 5.894
Targets 2: 6.481
Targets 3: 7.193
Targets 4: 8.115
------------------------------
Timeframe: 1D
Capital: 1-2% of trading capital
Leverage: 5-10x
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Enhance, Trade, Grow
---------------------------------------------------------------
Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
BINANCE:HBARUSDT - Double bottom is giving double profits. ---------------------------------------------------------------
Description
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+ The double bottom pattern stands out as one of the most reliable indicators of a potential reversal in market sentiment. Its appearance often heralds a shift from a downtrend to an uptrend, making it a favored pattern among traders seeking opportunities for profitable reversals.
+ A meticulous analysis reveals a distinct and well-defined double bottom pattern, characterised by two consecutive troughs followed by a significant rebound. This pattern's adherence to the classic double bottom structure further enhances its reliability as a signal for a bullish reversal. Traders recognising the significance of this pattern would undoubtedly find this observation noteworthy, as it strengthens the case for an imminent uptrend.
+ With the double bottom pattern confirming its efficacy through a robust bounce-back, attention naturally turns towards identifying potential price targets. The next target for this trade is projected to be 0.1014, representing a significant milestone in the anticipated uptrend. Market participants tracking this trade closely would view this target as a key level to monitor, as its attainment could signal further bullish momentum in the asset's price trajectory.
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VectorAlgo Trade Details
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Entry Price: 0.0781
Stop Loss: 0.0671
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Targets 1: 0.0817
Targets 2: 0.0854
Targets 3: 0.0927
Targets 4: 0.1014
------------------------------
Timeframe: 1D
Capital: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.
Regards
VectorAlgo
ID's Situation: What Shall we Expect!IDUSDT has Created a Large Rounded Bottom. This Means The Price Can Increase as Much as the Length Between The Top and The Bottom Of the Rounded Bottom. Since there are no Break out, There is no Confirmations So we must Wait for Confirmation of a Bullish Trend .
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🤑Stay awesome my friends.
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!