Get started

Chart Patterns

Is the top of Bitcoin's major cycle coming? !Let's talk about BTC! After Bitcoin (BTC) finally broke key resistance after 228 days, there is an opportunity to achieve a new all-time high (ATH), which I estimate could reach between $86,000 and $91,000. The current structure of BTC indicates that we are in an ending diagonal, suggesting that we are approaching the end of the current bullish trend, which has lasted for 708 days and is expected to continue for another 70-90 days. Fibonacci Targets fpr major top! Assuming we are indeed in the final wave, Fibonacci targets between − 0.236 and − 0.382 (based on waves 2 to 3) may come into play, unless this wave becomes extended. Given the current structure, these levels appear achievable within the ongoing cycle. Expected Correction and reversal trend After reaching these targets, I anticipate a significant decline, with a final target between $30,000 and $40,000. My main target is the golden pocket(0.618 fib), but BTC often extends to the.786 fib level ($30,000), further supporting the possibility of larger corrections. Reasons for Trend End Ending Diagonal: BTC is currently in an ending diagonal formation, which typically signifies the end of the prevailing trend. Divergence: There is a substantial bearish divergence forming on both the daily and weekly timeframes, which is almost impossible to invalidate. This divergence serves as a critical indicator of weakening momentum in the current bullish trend. Conclusion In light of current developments, BTC appears to be nearing a key peak, and the outlook for growth remains positive. However, traders should remain cautious and monitor key resistance and support levels, considering potential corrections that may follow after reaching these important Fibonacci targets.
Short
by peuypaju
1
BTC LONG 1 HR TP:73000 01-11-2024After observing a manipulation, we are currently witnessing a brief consolidation phase that could potentially lead to a rise towards the 72,000 - 73,000 range. Following this movement, we may either see a strong breakout or further consolidation before a subsequent decline. We will update our analysis based on the first movement. It's important to note that this analysis is on a 1-hour timeframe, so if the price does not rise within the next 20 to 30 hours, this scenario will be considered invalid. Stay tuned for updates and manage your positions wisely! #Trading #Bitcoin
Long
by ReyDragon21
2
Amazon - The +150% All Time High Breakout!Amazon ( NASDAQ:AMZN ) is hugging the previous all time high: Click chart above to see the detailed analysis👆🏻 Amazon has been moving sideways for almost four years, consolidating between support and the previous all time high. After retesting the resistance over and over again, it is just a matter of time until Amazon will break the previous all time high and start its next major bullish cycle. Levels to watch: $190, $500 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMZNLong
by basictradingtv
4
#CAKE Reaches A Critical Moment—Will the Bulls Save the Day?Yello, Paradisers! Is #CAKE on the verge of a powerful bullish breakout, or will the bears crush any hopes of recovery? Let’s break down the latest analysis of #PancakeSwap: 💎After 5-6 months of a slow and steady downtrend, #CAKEUSDT is now reaching a crucial juncture. The price is testing the upper boundary of the descending channel, setting up for a retest that could ignite a major rally. But the bulls face a tough challenge: to trigger this breakout, #PancakeSwap must overcome the $2.00 resistance. 💎This level, once a solid support, has now flipped into a significant barrier. To confirm bullish momentum, the breakout must be backed by rising trading volume and a favorable interaction with the 20 EMA. If these conditions are met, a surge toward the next major resistance area becomes a real possibility. 💎However, there’s a serious risk if bulls lose steam. A failure to sustain momentum could lead to a pullback into the $1.46-$1.61 support zone, which has to hold to prevent deeper damage. If this area breaks down, we could see a swift move toward $1.20. 💎If $1.20 doesn’t hold, the bears could seize control, leading to a sharp correction and dashing hopes for a short-term bullish recovery. The market can be brutal, and only those who approach it strategically will succeed. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
2
FTSE Index Rebounds from Near Three-Month LowFTSE Index Rebounds from Near Three-Month Low The chart for the British FTSE 100 index (UK 100 on FXOpen) illustrates: → Indicated by the red arrow: Yesterday, the index fell below the 8100 level for the first time since early August, driven by bearish sentiment in the U.S. stock market following reports from Microsoft (MSFT) and Meta Platforms (META), as we noted previously. → Indicated by the blue arrow: Today, the FTSE 100 is rebounding on the back of local economic data releases, including UK housing prices, which, according to Trading Economics, grew less than expected. Technical analysis of the FTSE 100 (UK 100 on FXOpen) suggests that the UK stock market may be entering a downtrend, as: → It’s plausible that the market has been in a period of consolidation since September, forming a narrowing triangle pattern between the Support and Resistance lines. → An attempted bullish breakout of the Resistance line in late October failed to trigger an uptrend, while the bearish breach of the Support line appears more substantial. → The arrows indicate that today’s uptick may simply be a bounce from the lower boundary of a descending channel. What’s next? Given the correlation with the U.S. stock market, traders will likely focus on today’s key U.S. employment report due at 15:30 GMT+3, which could provide critical signals on interest rate prospects ahead of next week’s Fed meeting. As long as the FTSE 100 index price (UK 100 on FXOpen) remains below the 8220 breakout level for the Support line, it appears the bears retain greater control. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:UK100
by FXOpen
2
Bearish drop?GBP/CHF is rising towards the pivot which is a pullback resistance and could drop to the pullback support. Pivot: 1.11743 1st Support: 1.11090 1st Resistance: 1.12120 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
1
DeGRAM | GOLD will continue to growGOLD is in an ascending channel above the trend lines. The chart maintains an ascending structure. A harmonic pattern was formed during the correction. The price has already reached the lower boundary of the channel and dynamic support, and now it is moving in the range formed by the correction levels. We expect the growth to continue. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
OANDA:XAUUSDLong
by DeGRAM
2
USDJPY H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 152.60, which is a pullback resistance Our take profit will be at 150.88, a pullback support level close to 61.8& Fibo retracement and 127.2% Fibo extension The stop loss will be at 154.64, above the 127.2% Fibo extension High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
Bitcoin's Bull Run Now Has Price TargetsThis was a historic Two Month Close . For only the 6th time in Bitcoin's History we have a Green Star Candle on the MRI Indicator. All Prior Green Stars have lead to bull runs of at least 6 months and gained over 100%. All but one led to MRI Tops with the only one that failed to reach it's MRI Top (with Down Arrow) would have been a 2nd consecutive MRI Top, which would have been an unprecedented and unreasonably extended bull run. We Also have a Cup and Handle Target of $105,000 based on the $45,000 dip in Q3 of 2022 & we have a similar target of $102,000 from the 1.618 Fibonacci Extension which has also been achieved quickly in all prior times of All time High Breaks coming out of a Bear Market. * All 3 Targets mention above are between the $100,000 - $140,000 Range, which is VERY Conservative for 2025 as the 4 Year Halving Cycle enters its most Bullish Phase! Thank You, Tone Vays
INDEX:BTCUSDLong
by ToneVays
2
EURUSD H4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 1.0838, which is a pullback support. Our take profit will be at 1.0905, a pullback resistance. The stop loss will be placed at 1.0770, which is a multi-swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
1
BTC - Thesis Now- SHORT!Overview This report outlines an intraday scalping strategy for Bitcoin (BTC) over the next 4 hours, leveraging short-term price movements. The analysis is updated every 25 minutes to allow for dynamic adjustments, optimizing potential profits and minimizing losses. The strategy is neutral, exploring both long and short positions based on current market conditions. Data Analysis Open Interest: Monitoring open interest at intervals of 1m, 5m, and 8h to gauge market participation and potential liquidity traps. Weighted Funding Rate: Analyzing funding rates to understand trader sentiment and potential funding costs. Liquidation Data: Identifying potential liquidation points to anticipate abrupt price movements exploitable in scalping. 2. CoinMarketCap Data Volume Analysis: Assessing trading volumes over 1m, 5m, 8h, and 24h intervals to determine liquidity and market activity levels. Circulating Supply: Observing changes in circulating supply that may affect price dynamics. Liquidity Score: Evaluating the liquidity score to understand the ease of entering and exiting positions. Candlestick Patterns: Identifying significant patterns that may signal upcoming price movements. Market Capitalization: Considering market cap for broader market context. 3. Sentiment Market Sentiment Analysis: Utilizing sentiment analysis to gauge top crypto sentiments, aiding in anticipating potential market shifts. 4. Sentiment News and Social Media Sentiment: Monitoring the latest news and social media trends to understand broader market mood and potential impacts on BTC's price. 5. Binance Data via TradingView Volatility Index: Assessing to determine the market's suitability for scalping strategies. Order Book Dynamics: Analyzing depth to identify significant buy or sell walls. Price Action Signals: Observing price action and candlestick patterns for potential breakouts or reversals. Momentum Indicators: Using RSI, MACD, Stochastic Oscillator, and Momentum to gauge the strength and direction of price trends. Technical Analysis Relative Strength Index (RSI): Currently below 40, indicating potential oversold conditions. Moving Average Convergence Divergence (MACD): Showing a bearish crossover, suggesting downward momentum. Moving Averages: Price is below key moving averages, reinforcing bearish sentiment in the short term. Average True Range (ATR): Rising ATR indicates increasing market volatility, suitable for scalping but requires careful entry timing. Bollinger Bands: Price breaking below the lower band, signaling potential continuation of the downtrend or an oversold bounce. Stochastic Oscillator: Entering the oversold region, which may precede a short-term bounce but also confirm the current downtrend. Volatility Analysis Increased Volatility: Ideal for scalping but necessitates vigilant monitoring to avoid sudden adverse price movements. Bollinger Bands Expansion: Confirms heightened volatility. Order Book Dynamics Sell Walls: Significant sell walls detected, possibly indicating strong resistance levels and potential for price declines. Buy Walls: Less pronounced, suggesting weaker support levels in the current market context. Price Action Signals Bearish Candlestick Patterns: Observed patterns like bearish engulfing suggest potential further downside. Breakouts and Reversals: Monitoring for any signs of trend reversals to adjust strategy accordingly. Momentum Indicators Negative Momentum: Supports the bearish outlook, aligning with other technical indicators. Convergence of Indicators: Multiple indicators pointing toward a short position increase confidence in the trade setup. Market Sentiment Mixed Sentiments: News and social media show mixed feelings, but prevailing negative sentiments could exert additional downward pressure on BTC's price. Sentiment Shifts: Keeping an eye on any sudden changes that could impact price movements. Trade Recommendation Outcome: OPEN_SHORT Confidence Level: 85% Current Price: $69,400.61 Stop Loss: $70,500 Take Profit: $67,500 Exit Point: $68,000 Entry Signal Criteria Timeframe: 15-minute charts. RSI: Below 40. MACD: Bearish crossover confirmed. ATR: Rising, indicating increasing volatility. Bollinger Bands: Price breaking below the lower band. Stochastic Oscillator: Entering oversold region. Important Considerations Alignment of Indicators: Only enter OPEN_SHORT positions when all enhanced indicators align to signal a strong entry point. Risk Management: Avoid entries during high-risk periods, such as significant news releases or market anomalies. Continuous Monitoring: Vigilantly monitor the market for sudden changes and adjust the strategy to prevent losses due to unexpected price movements. Current Open Positions Open LONG Positions: 0 Open SHORT Positions: 0
Short
by titankarma
1