Cupandhandlepattern
Bitcoin Bull Run, the confimations you need.As governments go to war, and the long expected inflation boom in the US: CHINA will with high probability get a real-estate debt flash crisis.
This will affect financial markets deeply, but crypto will regain a bullish momentum.
Why do I think crypto will regain it?
More distrust in FIAT-currency.
Many countries will experience FOMO, which results in Bitcoin becoming legal tender in an increasingly manner.
Blockchain Developers are in high demand and a scarcity at first (sign one) whilst salaries and compensation increases, so does the amount of developers(sign 2) .
The wildest marketing campaign the world has ever seen.
Celebrities and influencers promote it everywhere.
Due to both hot and cold wars (NATO/Russia (+ China)) and hot(Ukraine/Russia), Sanctions can simply be bypassed through crypto/stablecoins.
And the list could go on, trust me.
These are important reasons as to why I am so bullish toward crypto in 2022. (I speculate that 2025 will be the year of most growth in the crypto market)
In addition, I have studied different timeframes and technical indicators to see if the future already is priced in the market\.
I must proclaim that my analysis is based on an expected bullish behavior in the financial markets,
and also NOT TO BE TAKEN AS FINANCIAL ADVISE
*0
GOLD: Possible cup and handleThe situation with Gold is complicated.
It looks like a cup and handle, which does not mean that you throw you money at it going long.
This is a very wild market.
Check it out.
Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Beyond Meat (BYND) In A Cup?Beyond Meat ( NASDAQ:BYND ) In A Cup?
No of course not! Beyond Meat ( NASDAQ:BYND with a cup on its chart? Yes!
BYND has been in a downward trend since the beginning of the year. I discovered two factors that led me to believe that the stock will begin an upward trend.
1. Cup on the daily timeframe
2. Bullish Divergence
On a non-technical note, Beyond Meat recently announced that they expanded their distribution to 8,000+ stores.
Perhaps BYND will give us a handle within the next few days. I look forward to watching this stock go above and "beyond" the downtrend its been in.
*This is not financial advice
Peace & Prosperity,
Al
Do You Enjoy Taking Flights On Jets?Do you enjoy taking flights on Jets?
Let's take a trip...together if you will.
Name and Ticker-U.S. Global Jets ETF AMEX:JETS
I've identified a cup and handle pattern on the jet. Perhaps, it will take off or maybe it won't. My prediction is that we will take this flight together.
Where is the confluence? Multiple touches on the 200MA (please see the daily chart ).
What locations (price targets) are possibilities on our itinerary? Minimum move of 1.87 above our handle (or runway if you're onboard this flight) and a maximum of 3.87 above the handle (3.87 includes the cup and handle sizes).
*Special note- Please be mindful that our "JETS" may be grounded if we break below the handle or channel.
Peace & Prosperity,
Al
$ENS - ready for the breakout?the price formed a pattern we can identify as a cup&handle, or a rounding bottom, and if its resistance ( @ 20.5 ) is broken, we can expect a good rally to the upside
I'm looking for an entry above the monthly dynamic level @ 23.4 , if the price manages to close above that without an overbought RSI (>70) targeting at least a 12% profit - I'm going to post an idea about this if this scenario plays out
let me know what you think about this!