Get started

Bottompattern

Bitcoin Cycles: A Bullish Prelude? 📊🐂Echoes of the Past: Cycles Revisited The Bitcoin market, much like nature, operates in cycles. The most exciting part? These cycles bear a striking resemblance when examined across different timeframes. The Telltale Signs: An Identical Bottoming Pattern What's been consistent in these cycles is the pattern of the market bottoming out. It's like a signature move—Bitcoin experiences a substantial dip, testing the nerves of investors, before staging a remarkable recovery. The Imminent Question: Is a Bullish Turnaround Ahead? If history is any indication, the patterns observed in the past have often heralded a change in market sentiment. When the market tests its lows and rebounds vigorously, it frequently signifies the start of a new bullish cycle. Trading Insight: Learning from the Past Understanding Bitcoin's historical patterns is invaluable for traders. It encourages a balanced approach during market downturns, enabling them to stay resilient while poised for potential upward momentum. Conclusion: A Familiar Tune The Bitcoin market's cycles echo throughout history, offering a glimpse into the future. By recognizing these patterns and their significance, traders can harness the insights they provide, navigating the volatile cryptocurrency landscape. 📈 Market Cycles | 🔄 Historical Parallels | 🌐 Cryptocurrency Trends | 📉 Risk Management ❗See related ideas below❗ Feel free to share your thoughts in the comments!! 💚📊💚
INDEX:BTCUSDLong
by Yaroslav_Krasko
Wyckoff Accumulation also appearing in price action now As shared earlier, the RSI(!) showed a Wyckoff Accumulation pattern. After recent price action, it seems that also the PA is following along. Major FA-events occured lately, and a good subscription could force a "buy the rumor, sell the news event", driving prices back down to the huge volume-defined base - holding this area, would strongly increase the theory of the bottom being in, after a semi-long period of accumulation. Sentiment is slowly turning positive, many are still doubtful, so a surge before the subscription period ends, could cause some Fomo-buys, who will soon after provide liquidity as they panic sell (unknowingly) at a possible Wyckoff Test area after a Spring. Still very new into Wyckoff, so take all this with a grain of salt.
OLong
by Veuvee
NMC Health - One to watchBuy NMC Health (NMC.L) NMC Health plc is a private healthcare services provider in the United Arab Emirates. The Company operates through two segments: healthcare and distribution & services. The healthcare segment is engaged in providing professional medical services, comprising diagnostic services, in and outpatient clinics, provision of all types of research and medical services in the field of gynecology, obstetrics and human reproduction and retailing of pharmaceutical goods. It also includes the provision of management services in respect of a hospital. Market Cap: £5.68Billion NMC Health appears to be forming a bottom pattern on the daily chart. A break above resistance at 3016p is required to complete the pattern, which as this stage is still in the ‘one to watch’ category. The completion of an inverse head and shoulders bottom pattern targets a move to 4325p over the short to medium term. Investors with a more speculative nature could buy at current levels to improve the upside potential. The idea would be invalidated on a move below 2420p. Stop: 2420p Target 1: 3015p Target 2: 3760p Target 2: 4325p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
NLong
by Investamate
Babcock - Potential bottom forming.Buy Babcock (BAB.L) Babcock International Group PLC is a holding company. The Company provides engineering services. Its segments include Marine and Technology, Defence and Security, Support Services and International. The Marine and Technology segment delivers support to the United Kingdom Royal Navy's submarines, naval ships and infrastructure. It also offers solutions in engineering, equipment management, consultancy, information and knowledge management. The Defence and Security segment offers engineering and training support services. Market Cap: £2.68Billion Babcock appears to be in the process of forming a bottom pattern on the daily chart. A break above 576p is needed to confirm the bottom pattern. Buying now is a pre-emptive move but it offers fantastic risk/reward at the current levels. The company is likely to benefit substantially on a Brexit deal. Stop: 490p Target 1: 576p Target 2: 740p Target 2: 800p Interested in UK Stocks? Join our free Telegram channel for up to date analysis on the best main market opportunities in the UK right now - t.me
LSE:BABLong
by Investamate
Hochschild Mining - Gold miners in demand amid uncertainty.Technical Analysis Hochschild Mining was a higher yesterday against a backdrop of red in UK markets. The shares appear to have been in the process of bottoming out over the past few months and have now completed an inverse head and shoulders bottom. This is a powerful reversal pattern and suggest there will be more upside over the medium term. Fundamentals Hochschild Mining currently ranks above average in our fundamental model with exceptional scores on value and momentum metrics. The shares have significantly outperformed the market over the past 1 to 3 months and we expect this to continue. Pros The company recent produced its 2nd best production performance in its history. RBC Capital Markets reiterated their ‘Outperform’ rating on the 5th July 2019 with a 260p price target. Global markets are in decline which could prompt even more demand for safe haven assets like gold. Cons The overall market is very volatile. This could impact the performance of all assets in the short term. Berenberg bank issued a sell rating on the 17th July 2019 with a 165p price target. Recent market declines have been short lived, if this occurs again investors may seek risker assets. Entry At Market (208p) Stop: 192.40p Target: 277p
LSE:HOCLong
by Investamate