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Cryptoprogress

Market (Sectors) Performance OutlookSince November 6th, we’ve witnessed a seismic shift in the market landscape, with crypto breaking through and outperforming the broader market. 📈 The sectors leading the charge against the S&P 500 are XLY, XLE, XLF, XLC, and XLK. Notably, the MAG 7 have also been outpacing the market since November 7th. 💪 Smart money seems to be flowing into crypto, contributing to the sell-off in the S&P 500. From a macroeconomic perspective, XLK and XLC have been market leaders for the past few months. However, it might be time to pivot towards the Energy sector, especially after a stellar earnings season where major E&P companies smashed their earnings estimates. ⚡️ Stay tuned and ready to capitalize on these dynamic market movements! 📊💼
NASDAQ:MAGS
by MESHANL
The Macro Picture Few Are Watching: Bitcoin Dominance in the FinAs we approach what could be the final leg of this bull market, Bitcoin Dominance ( CRYPTOCAP:BTC.D ) is set to become a critical indicator. Historically, a peak in BTC dominance has often preceded liquidity spillovers into the broader crypto market, igniting a wave of speculative fervor across altcoins. This time, as BTC dominance nears pivotal levels, we may be entering a similar phase, marked by heightened volatility and shifting market dynamics. The chart suggests that BTC dominance could soon experience a reversal, signaling the start of widespread capital rotation within the crypto space. Observing BTC dominance during this period will provide early clues about market sentiment, helping investors to time entry and exit points with precision. I’ll be closely monitoring this metric and will provide timely updates as we approach potential inflection points. This shift could begin within the next 1-6 weeks.
CRYPTOCAP:BTC.D
by mbuffara
NEAR Impending Correction!!It is prudent to exercise caution and abstain from initiating any trades until the asset transitions into the "POI" zone, which aligns with our downward targets. Liquidity has been withdrawn from the range approximately between 6.17 and 6.20. We are nearing a significant "FVG" point, poised for trading opportunities. Upon entering the favorable zone where decisive actions can be made (POI), we will transition to lower time frames ("LTF") to identify shorting setups, ensuring confirmation before execution.
by truepersonal
The cup and handle formation XRPUSDTHow Did the Cup and Handle Pattern Form? The cup and handle formation appears when there has been an upward movement pattern. This is a bullish upward continued pattern. The trend is confirmed as cup and handle formation only when the stock price surpasses the resistance level and shows an upward movement. Only then can a trader get a confirmation that the higher price stock movement is going to sustain. When a stock begins to move upwards and shows a bullish pattern, traders continue to invest in the stock’s growth and positive trend. As the stock breaches high levels, investors who came in at the beginning of the uptrend start booking profits. At this level, the upward trend halts, and the price falls with selling pressure. At this stage, the cup formation curves downwards in a bowl shape. As traders and investors continue to book profits, the cup moves lower, indicating a temporary downward cup. At these levels, savvy investors, traders, and institutions begin to pump funds into the stock at attractive levels due to the fundamentals of the stock or value buying. At these low price levels, buying comes in, and with buying pressure, the cup curvature starts moving up to reach the resistance line. At this stage, an entire curved bowl-shaped cup is seen. The handle emerging here is interesting to note and indicates human psychology. The trader who had invested at the peak of the resistance line before the stock dipped is eager to take his capital back as the stock moves up. Moment stock touches the resistance level, and this trader sells. Also, the traders who started buying at the bottom of the cup look at the resistance point as a safety level to book profits. There is selling pressure at resistance levels, and the upward cup shape is halted. The volume of stocks also identifies the cup and handle at the beginning of formation at the end of the cup curve. The volume of shares is low at the end of cup formation as the selling is not heavy here. The investors who bought at the previous resistance level their capital and sell. Short-term traders without a fundamental view sell at the seeming peak of the stock. The institutions and experienced investors hold on to the stock bout at cup bottom. The selling volumes are low and don’t push the stock price down. The buying also continues, and if large volumes of buying hold, the stock breaks the resistance level, and upward trends emerge, making a handle pattern.
Long
by MantasJogminas
2
$Bitcoin - Its all in the charts.As can be seen, BTC is moving in a curve. This curve seems to have found bottom around 16k for this cycle and is right now hugging the bottom trend line. -Given this curve, will we see 16k again? -Looking at the historicals, most likely not. But IF the price action breaks the bottom trendline then that will be a first and after that anything can happen. If everything goes according to plan, and by plan I mean according to history, we should see a cycle top around next year second half, latest by start of 2025 but we may not need that much time. -What will be the catalyst for a new cycle top? -No idea. I make my decisions only looking at the chart and not news. -Can I be wrong? -Maybe, maybe not. Only thing we as investors can do, is to DCA our position and wait.
INDEX:BTCUSDLong
by sidddubey
Bullish Hidden Divergence $PEPEI found out Bullish Hidden Divergence for $PEPE. It is also in the support zone. If support doesn`t break, then huge parabolic prices are coming! Just wait for what happens with the support zone, I suggest using Stop Loss! Seems in my previous analysis I missed where should wave B ended, but now it seems to be finished mostly, because of these points: 1. Bullish hidden divergence 2. Support zone. I think it is ready to start wave C. Disclaimer: Use stop loss and trade with your own risks.
Long
by UncleSurfer
3
Ethereum -> Wait For The BreakHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Ethereum just recenly broke above a major previous weekly support/resistance area exactly at the HKEX:1900 level which is now turned strong support. You can also see that weekly market structure and also weekly moving averages are bullish and therefore pointing towards more upside potential, so I am now just waiting for some bullish rejection at the zone before I then do expect a next weekl rally towards the upside. On the daily timeframe however you can see that we have the potential to actually create a regular head a shoulders, generally speaking a bearish pattern, so I am now just waiting for some bullish market structure before I then also do expect a next bullish impulse on the daily timeframe. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BITSTAMP:ETHUSDLong
by basictradingtv
36