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Bullish Patterns

Gold is moving higher because of a stong bullish momentumHello traders. Today I'm going to try.I'm gonna try to give my analysis about the gold market. As you can see from the chart, the there is a high or big.Bullish momentum that that.Pushing the market to move higher after.There are many corrections that happened recently and from from a top down analysis point of view I can see.The bullish The high bullish momentum is getting involved in the market and the the buyers are taking over the.The gold market to push it higher to reach the 2700 something spot.And.From the weekly and the daily and the 4 hours.Chart you can see that there is a high probability to move higher and to reach all time high record.
OANDA:XAUUSDLong
by YMtradingsystem
Bitcoin (BTC): Rally Fueled by Election SpeculationBitcoin’s recent momentum seems unstoppable, and if it continues at this pace, we could see it challenge the All-Time High soon. Is the rally driven by election speculation? Quite possibly. Former President Donald Trump's growing lead over Vice President Kamala Harris is creating buzz, with decentralized prediction markets like Polymarket reflecting a widening gap between the two candidates. Trump's odds surged 13 points ahead of Harris by October 15. While Larry Fink may downplay the election's impact on the market, we disagree, as we anticipated Trump's increasing odds would begin influencing market sentiment. The recent surge in Bitcoin ETF inflows supports this view. With $550 million in inflows yesterday alone, the spike suggests that institutional investors, rather than retail, are fueling this rally. Institutional adoption continues to grow steadily, benefiting our spot BTC positions, which are printing gains once more. Ignoring a brief dip below the trend channel, Bitcoin has consistently respected it, aligning well with the support zone. Currently, BTC is trading slightly above the trend channel, facing resistance from an order block. While this resistance may hold for a while, we anticipate it will eventually break. However, a slight dip before that would present a valuable buying opportunity, which we aim to capitalize on. Zooming in on the VWAP chart, BTC has reclaimed the 2024 Q1 VAH but is now trading within a 12-hour Fair Value Gap (FVG). A pullback here would be ideal for positioning ourselves for the next leg up. With multiple levels aligning, we have two entry points prepared, and a flexible stop-loss strategy to manage the trades in real time.
CRYPTO:BTCUSDLong
by freeguy_by_wmc
AITECH Long Position (EMA Breakout)Market Context: AITECH is coiling between the 21- and 200-day EMAs, showing bullish momentum with higher lows. A dip into the $0.09 zone could offer an ideal entry, particularly if the daily close shows a wick, indicating buying interest. A break and close above the 200-day EMA would confirm upward momentum. Trade Setup: Entry: Look for confirmation of a break and close above the 200-day EMA. Take Profit: First target: $0.166 Second target: $0.21 Third target: $0.28 Stop Loss: Daily close below $0.07. This setup capitalizes on the bullish coiling pattern and potential breakout. #AITECH #Crypto #EMA
Long
by Richtv_official
JASMY Long Position (Accumulation Breakout)Market Context: JASMY is showing bullish signs, moving out of its accumulation phase with a strong daily close above the EMA-21. The EMAs are aligning favorably, providing a solid entry for a long position. Trade Setup: Entry: Around $0.021 to $0.019. Take Profit: First target: $0.024 Second target: $0.028 Third target: $0.032 Stop Loss: Daily close below $0.018. This setup takes advantage of JASMY’s potential breakout from accumulation into an upward trend. #JASMY #Crypto #Breakout
Long
by Richtv_official
14/10/24 Weekly outlookLast weeks high: $64,486.09 Last weeks low: $58,947.36 Midpoint: $61,716.73 Following a busy week of Data events with CPI & PPI price can be volatile and unpredictable, that was evident as BTC can be seen selling off going into those data events and despite a worse than forecast CPI, the markets responded quite well leading to a climb from Thursday onwards up to the 0.75 line. A weekend of chop gave a positive enough close to warrant a large buy candle in the opening hours of this week, could this be setting the pace for the rest of the week? For me, I'm always a little wary of a "swing fail pattern" (SFP) as these patterns can be very bearish, a reversal at the beginning of the week can lead to a sell off that undoes the previous weeks work as price falls. Confirmation of this pattern would be a wick above weekly high followed by smaller lower highs and lower lows on a LTF (15m). Should BTC manage to stay above the weekly high and maintain structure the target is $66,500. This is an important target as Bitcoin has been trying to breakout of this downtrend for 6 months, anything beyond $66,500 is breaking out of the trend after 10 attempts! This week we have the ECB interest rate decision, a second rate cut looks likely, the first rate cut set the pace for the US 50bps cut. Now the US look likely to cut by another 50bps in November to keep up. Altcoins are starting to look better than they have in the last two quarters. The timeline is cautiously optimistic, especially if BTC manages to breakout of the trend pattern. cautious optimism on the timeline
by ProR35
BTC Breakout Watch: Big Move ($80K) Incoming? Hey everyone! If you're enjoying this analysis, don’t forget to give it a thumbs up and follow for more! Bitcoin (BTC) is looking strong here. It’s forming a cup and handle pattern on the 6-hour time frame and also appears to be breaking out of a symmetrical triangle. Right now, BTC is retesting this breakout level, and if it holds and bounces, we could see a powerful upward movement in the coming weeks. 📈 Target: $80K 🚀 Stop Loss (SL): $61.7K What do you think of BTC's current price action? Are you spotting this bullish setup too? Share your thoughts and analysis in the comments below! Let’s ride this wave together!
Long
by CoreCrypto1
Bullish Butterfly Ascends a Channel w/Underlying Fib LevelsHere I have BINANCE:XRPUSDT on the Weekly Chart! Beginning of March 2020, BINANCE:XRPUSDT hits its Lowest Low @ .1013 Beginning of April 2021, BINANCE:XRPUSDT hits its Highest High @ 1.9669 For context ~1,800% Increase in 1 Year Taking the Fibonacci Retracement Tool, we can see that Price made a drop after the Higher High (Point A) to the 78.6% level (Point B), created a Lower Low at the 32.8% (Point C), then was rejected after descending to the 88.6% (Point D) and with this Price Action, formed a Bullish Harmonic Butterfly Pattern!! Parameters: X - B .786 A - C .382 / .886 B - D 1.618 / 2.618 X - D 1.27 / 1.618 (B/D and X/D Fall Short) -Price is continuing to trade Above the 200 EMA With the short-coming completion of this pattern, sprouts an Ascending Channel that Price now currently is traversing up! -If Price can continue this upward path, I believe it will battle with the Overlying Resistance Zones that line up with these Fibonacci Levels! 1) .8139 - .9240 (61.8% - 55.9%) 2) 1.2542 - 1.5266 (38.2% - 23.6%) *Caution to those who see the Ascending Channel break Bearish, because then Price Action could be a signal of a Double Top!
Long
by Novi_Fibonacci
2
Microstrategy Remains In The Bullish Trend; Positive For Crypto?MicroStrategy is a leading provider of business intelligence (BI) and analytics software. Founded in 1989, the company helps organizations analyze data to make informed business decisions. It's known for its robust platform that supports data discovery, predictive analytics, and mobile app. Additionally, MicroStrategy has made headlines for its significant investments in Bitcoin and both of them are still in the bullish trend. Microstrategy with ticker MSTR remains nicely bullish as expected and looks like 5th wave is in progress, which can push the price even higher with space up to 300 area, just be ware of short-term pullbacks. If that will be the case, then Crypto related stocks may cause a bullish breakout on Bitcoin as well due to their positive correlation.
NASDAQ:MSTRLong
by ew-forecast
MAVIA Long Position (Gaming Narrative) Market Context: MAVIA has aligned with the gaming sector's bullish trend. We are looking for a breakout above both the resistance and the daily trend line for a potential long trade. Trade Setup: Entry: Around $1.612 (breakout of resistance and daily trend line). Take Profit: First target: $2.00 Second target: $2.40 Stop Loss: Below $1.20. This trade capitalizes on the gaming narrative and MAVIA's technical setup for a potential breakout. #MAVIA #Gaming #Crypto
Long
by Richtv_official
STORJ/USDT Breakout Alert: Ready for a Major Move!Hey everyone! If you're enjoying this analysis, don’t forget to give it a thumbs up and follow for more! STORJ is looking strong here! It has just broken out of a descending triangle on the 2-day time frame and is showing great potential for an ATH (All-Time High). This could be the perfect opportunity to buy and accumulate on dips for big gains. Entry range: CMP and accumulate up to $0.42 Targets: 150% - 200% upside 📈 Stop Loss (SL): $0.33 What do you think of STORJ's current price action? Are you seeing a bullish setup? Share your thoughts and analysis in the comments below!
Long
by CoreCrypto1
The Power of Bitcoin: How MicroStrategy’s $MSTR Soared 1,620%MicroStrategy Inc. (NASDAQ: NASDAQ:MSTR ) has experienced a massive surge in its stock price, climbing 15.9% on Friday's market trading and an additional 5% during Monday's premarket session. The stock broke out of a rectangular chart pattern, signaling a bullish move that could potentially lead to new all-time highs. This explosive growth is underpinned by the company’s strategic bet on Bitcoin ( CRYPTOCAP:BTC ), which has not only outpaced the cryptocurrency itself but also the broader market, including tech giants like Microsoft ( NASDAQ:MSFT ), Nvidia ( NASDAQ:NVDA ), and the S&P 500. Let's dive into both the technical and fundamental factors driving this remarkable surge. MicroStrategy's Bitcoin Bet MicroStrategy (NASDAQ: NASDAQ:MSTR ) adopted a Bitcoin-centered strategy in August 2020 under the leadership of its executive chairman, Michael Saylor. This strategic pivot has yielded extraordinary results, with the stock gaining 1,620% since then. In comparison, Bitcoin itself has gained 426% during the same period, while the S&P 500 and the “Magnificent 7” tech giants, including Microsoft, Apple, and Nvidia, have lagged with gains of 73% and 243%, respectively. As of September 2024, MicroStrategy (NASDAQ: NASDAQ:MSTR ) holds 252,220 bitcoins, making it the largest corporate holder of the cryptocurrency. In a recent acquisition, the company purchased 7,420 BTC for $458.2 million at an average price of $61,750 per coin, further solidifying its bullish stance on Bitcoin. Michael Saylor has made it clear that he believes Bitcoin is the ultimate asset for long-term wealth generation. His famous quote, “The only thing better than bitcoin is more bitcoin,” encapsulates the company’s philosophy. This bold strategy has clearly paid off, as NASDAQ:MSTR has consistently outperformed both the broader market and even some of the most successful tech companies. Bitcoin Outperformance & the Broader Market What makes MicroStrategy's performance particularly notable is its stark outperformance compared to Bitcoin and other major stocks. For example, while Bitcoin’s price has increased 426% since 2020, MicroStrategy’s stock price has skyrocketed 1,620%, leveraging the company's heavy exposure to Bitcoin as a strategic asset. This outperformance can also be attributed to the broader market sentiment toward Bitcoin, which has attracted institutional investors and long-term holders like MicroStrategy. As the company continues to acquire more BTC, it positions itself as a de facto Bitcoin ETF in the eyes of traditional market participants. In addition, NASDAQ:MSTR has far outpaced Nvidia’s impressive 1,107% increase and Arista Networks' 650% rise over the same period. These gains have positioned MicroStrategy as one of the most successful stocks in the past three years. Technical Analysis From a technical standpoint, MicroStrategy (NASDAQ: NASDAQ:MSTR ) has just broken out of a rectangular chart pattern, a significant bullish signal. A rectangle formation is characterized by a period of price consolidation between clearly defined horizontal support and resistance levels. In this case, NASDAQ:MSTR had been trading within a range, reflecting indecision among traders. However, Friday’s surge confirmed a breakout above the ceiling of the rectangular pattern, signaling that the bulls have regained control. This breakout is particularly significant because it often precedes further upward movement, potentially setting the stage for a new high. The Bullish Rectangle Pattern Explained A rectangle formation typically occurs after an asset experiences an uptrend, which then consolidates as traders weigh the next move. In the case of NASDAQ:MSTR , the stock has been consolidating within a tight range as investors digested the company’s continued Bitcoin purchases and broader market conditions. With the breakout above the rectangle, it suggests that traders are once again optimistic, and the stock may be heading toward further gains. As of Monday morning’s premarket session, NASDAQ:MSTR is up 5%, reinforcing the bullish sentiment. Another key technical indicator supporting NASDAQ:MSTR ’s bullish outlook is the Relative Strength Index (RSI), which is currently at 76.76. Typically, an RSI above 70 indicates that an asset is overbought, and caution is advised. However, during periods of strong momentum, stocks can remain overbought for extended periods, particularly during significant bullish trends. Moreover, the stock is exhibiting a gap-up pattern in the price chart, which is a strong indicator of momentum. Gap-ups occur when the price of an asset opens significantly higher than its previous close, often indicating a shift in sentiment or the release of market-moving news. In NASDAQ:MSTR 's case, the gap-up is driven by its breakout from the rectangle pattern, as well as renewed enthusiasm for Bitcoin. Whale Accumulation and Bitcoin’s Influence MicroStrategy’s stock is not just benefiting from technical patterns; the underlying Bitcoin market is also providing fundamental support. Recent data shows that whale activity has intensified around Bitcoin, with large holders accumulating 2.07 billion DOGE in a single week. While this specific data pertains to Dogecoin, it underscores a broader trend of renewed interest in cryptocurrencies by large investors, which often correlates with upward price movements in both the crypto market and crypto-exposed stocks like MicroStrategy. Conclusion: MicroStrategy’s breakout from the rectangular pattern, combined with its solid fundamental footing in Bitcoin, suggests that the stock could be setting a course for new highs. The company’s Bitcoin strategy has proven to be a game-changer, with the stock significantly outperforming both Bitcoin and the broader market since 2020. As Bitcoin continues to grow in institutional acceptance and more companies adopt digital assets as part of their strategies, MicroStrategy’s long-term bullish outlook remains intact. Investors will be keenly watching for the next moves in both Bitcoin and NASDAQ:MSTR , as the stock could continue to serve as a leading indicator of market sentiment around the world’s largest cryptocurrency.
NASDAQ:MSTRLong
by DEXWireNews