Bitcoin(BTC):2024 Will Start The Bullish Cycle! (Happy New Year)It is time to look at potential movements for the upcoming year or two. As history has shown us, after each red yearly candle, we have had a nice comeback period where the first candle was more of a liquidity sweep, judging by the last yearly highs and next yearly lows.
With Bitcoin having an amazing comeback as of now and more great news to come (Halving+ETF), we see a great future for bitcoin and the whole crypto market! Although currently prices have bubbled up, we can also see that historically, the last correction was madatory to have before that final bullish rally many traders (including us) have been waiting for!
Remember, we are still early in crypto, as approximately 4.2% of the population has only crypto wallets. We are not missing out on the big moves that we think will happen.
With that being said, happy new year to everyone, and may the new year be even better than the last one!
Bullishcycle
POWERGRID into temporary correction.As long as it is sustaining below 229 -230 levels, there is a probability of a Bullish Cypher pattern on the hourly chart of PowerGrid.
The important point of the bullish cypher is that both the lows and the highs are trending upwards, hence the structure of all the timeframes are trending upwards.
So bullish cypher if unfolds as expected, is going to provide a great opportunity to enter in the stock at attractive prices.
Shorting is definitely not a good idea in this stock, though buying can be made either above 230 levels or in the range of 220-218.
Disclaimer: If you are trading this, you are trading at your own risk.
EURCHF Sell IdeaD1 -Bullish cycle was completed and we are now looking for corrections towards the highlighted zones on the chart.
As long as D1 top is holding we are after sells.
H1 - Price trading close to the top of the range and also inside a magnet zone. We have double double on the last move up and TL that we are following.
We can start looking for sells once we see breakout below the trend line and lower lows.
GBPUSD Buy IdeaW1 - Triple cycle completed, we are after buys in the longer term.
D1 - Pair bouncing from the bottom trend line of this channel
H1 - After the short term bullish cycle that we saw in the up, pair is most likely into correction now. We are following this double wave correction and the most recent Trend Line.
Once broken to the upside we can look for buys.