BTC 4 Seasons CycleWhat I came up with is that in the bullphase Bitcoin tops out in Winter/Spring 🟦/🟩
Last cycle we had a double top but you would only miss out on 4-8% while saving yourself the headache of a 50% drop in summer 🟥
In the bearphase we bottom usually in Fall/Winter 🟧/🟦
I dont know how people can call for 48-55k or something else it would take us another year then until Winter to get back up and top out and to drop in 4-6 Months in Summer to the bottom its not usual for Bitcoin to do that.
It takes Bitcoin around 350 to 400 Days to hit the bottom you can see it in the picture below
Charpattern
🔥 🚀 BTCUSD Bullish analysis 43k moving) 🚀💥Hello traders what do you think about btcusd?
crypto trader's now see a bullish pattern channels 🔥 breakout trade line) now I think 💬 43k next target analysis 🎯
Turning to the Bitcoin price chart, the currency's bullish momentum is evident. After a period of consolidation, Bitcoin has experienced a swift and decisive upturn. The price has successfully maintained a position above both the 50-day and 200-day moving averages, a strong indicator of sustained bullish sentiment. The moving averages are fanning out, which is often interpreted as a sign of strengthening momentum.
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The trading landscape in the 21st century is characterized by a revolutionary fusion of cutting-edge technology and financial acumen. As the accessibility of trading increases, traders wield a versatile suite of tools that encompass chart patterns, Fibonacci retracements, Andrews' pitchfork, and the Zig Zag indicator. This in-depth exploration delves into the profound significance of these tools, unraveling their collective potential to empower proactive traders with precision, insight, and strategic advantage.
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The digital age has ushered in a new era of trading prowess, where rapid data flows and advanced software solutions redefine the boundaries of trading. Enabled by the synergy of computers, high-speed internet, and sophisticated charting software, traders enjoy real-time access to data analytics and market trends. Within this realm, a rich repository of tools is available, catering to traders' diverse needs with heightened precision and predictive power.
Chart Patterns : Deciphering Market Sentiment:
Chart patterns occupy a pivotal role as visual conduits of market psychology and price action trends. From classic formations like double bottoms to iconic patterns like head and shoulders, these visual representations encapsulate historical price movements and inform future price dynamics. Proactive traders leverage chart patterns to anticipate pivotal reversals and breakout points, weaving together historical trends and human behavioral insights into actionable trading strategies.
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TCPLTP
AUDCAD > The Place Place for A Sell or A Buy!!Hey traders,
Today, let's talk about AUDCAD. The market is currently moving downwards, and it's near the major weekly structure demand zone. This area is where we may see the market finding support and potentially showing some bullish reaction toward the upside.
Adding more weight to our analysis, we have a key market level of 0.8900 that further increases the probability of this setup.
To get a better chance at a successful trade, we need to look for confirmation on the lower time frame before taking an entry.
Keep in mind we have major news coming this week, and a lot can change
Don't forget to follow and like this post for more exciting trading insights. Let me know your thoughts in the comments below! 🚀
📊 Chart Patterns Cheat SheetPatterns are the distinctive formations created by the movements of security prices on a chart and are the foundation of technical analysis.
A pattern is identified by a line connecting common price points, such as closing prices or highs or lows, during a specific period.
Technical analysts seek to identify patterns to anticipate the future direction of a security’s price.
These patterns can be as simple as trendlines and as complex as double head-and-shoulders formations.
🔹 Reversal patterns are those chart formations that signal that the ongoing trend is about to change course.
If a reversal chart pattern forms during an uptrend, it hints that the trend will reverse and that the price will head down soon.
Conversely, if a reversal chart pattern is seen during a downtrend, it suggests that the price will move up later on.
🔹 Continuation chart patterns are those chart formations that signal that the ongoing trend will resume.
Usually, these are also known as consolidation patterns because they show how buyers or sellers take a quick break before moving further in the same direction as the prior trend.
Trends don’t usually move in a straight line higher or lower. They pause and move sideways, “correct” lower or higher, and then regain momentum to continue the overall trend.
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📅 Daily Ideas about market update, psychology & indicators
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USDCAD > Decent Sell Entry with RR.Analysis of #USDCAD
The USDCAD is still in a downtrend as you can see from my chart, I am looking for a sell entry near trend line resistance also a very strong structure resistance level near 1.2680 if the rules for entry are met.
keep an eye on this one and set your alert as it could provide decent trend continuation entry with a good reward to risk
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Thanks for your continued support!
AUDUSD Roadmap on 4H timeframethe dollar went down due to the shock of energy price and it help Aussie goes higher. my analysis shows 0.76480 key resistance might end the AUDUSD bullish trend and also complete the ascending broadening wedge pattern for this pair, personally, I will wait for the price rejection occurs at the key resistance level before placing any sell order. good luck traders!
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
Time To Buy Oil?Oil is currently at a local supply zone, meaning that it could be seeing some bearish movements soon. However, based on the daily bullish trend, it would be more rewarding to wait for an opportunity to go long. Ideally, bulls should wait for a break and retest of the resistive trendline before looking to go long.
Be sure to follow me for more ideas and analyses. Please leave a like and a comment with your thoughts. All input is appreciated.
Best of luck traders!
EURUSD! Many opportunities next week. Different scenariosHello everyone!
This is my analysis for EURUSD at this moment. I have 2 different scenarios depending on how it will move.
I am waiting for a break of 1.08805 level to start looking for LONG positions and SHORT scenario will be on after price will go lower than 1.07820.
Long term Take Profit Zone will be at 1.10004 and 1.06620 depending on scenario.
Thank you for reading and don`t forget to give a feedback on this idea!
EURCAD. What direction it will choose?Hello everyone!
This is my analysis on EURCAD for this week. As you can see we have 2 scenarios. I will look for LONG trades if price will go higher than 1.56228. Otherwise if price will go under 1.54300 and comes to retest I will start looking for SHORT positions.
Remember to use your own entries.
Have a great week and support me if you like my work!
$SIRI: $6.25 Short -> Continued Bull RunFirst off don't take anything I say as financial advise or seriously, as always this is on opinion basis. Now that being said, let us get into some key points. Sirius Holdings had a positive earnings call in comparison to the same time last year, even without direct revenue guidance. They have beaten many market expectations and calls by analyst. Since there is some positive outlook at a result, even given the minuscule 2.6% growth thus far today, I am conservatively calling a short target of $6.25 as the next target. I'm shortening this as I believe given its market history, it isn't too risky of a hold, but isn't a high growth stock compared to what is out there.