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Bitcoin Could Drop to $51,000! Maybe 43,000! After a recent 20% decline to $49,000, Bitcoin is currently trading above $57,000, but it might decrease to $51,000. The key support level is $53,500. Bitcoin is again caught in a bearish technical pattern; a closing bullish channel! There are also rumors of a potential attack by Iran on Israel either tonight or tomorrow, which could drive Bitcoin down to $43,000 and cause another market downturn. However, this might potentially result in a positive divergence in the RSI. Although there is still optimism about the CME gap in the market, the risks outweigh the optimism significantly. In the current situation, if you don’t have a high risk tolerance, you might consider reducing some of your investment at this level. If you still have liquidity, you can dollar-cost average (DCA) into altcoins during potential dips.
Short
by Cryptowormshot
Petrobras (PETR): Bearish Divergence - Heading for a Dip After the market closed yesterday, Petrobras, a Brazilian stock, released a new earnings report. We're analyzing it in Brazilian Real (BRL) to get the most accurate view of the chart. On the weekly chart, we anticipate a mild but noticeable bearish divergence, especially since the beginning of 2024 when the stock has significantly appreciated. There is considerable downside potential as we expect the completion of Wave (3), followed by a downward adjustment in Wave (4). The exact retracement level for Wave (4) is yet to be determined, but we anticipate a pullback to around 38.52% before the stock resumes its upward trajectory in Wave (5). Our downside target is around 50 BRL, considering Petrobras' high dividend yield. This makes the stock attractive not only for its growth potential but also for its income-generating ability. A closer look at the daily chart reveals potential scenarios for either the completion of Wave 5 or Wave (3), highlighting areas where bearish divergence becomes more apparent. This divergence is evident due to the significant impulsive rises in the stock over recent months and weeks, which have created several imbalances. Despite closing gaps and reaching new highs, a downward correction is likely needed before we can see further upward movement. We anticipate that the correction in Wave (4) will take the stock lower, potentially reaching levels between 28.28 and 23.30 BRL.
BMFBOVESPA:PETR3
by freeguy_by_wmc
Just A View - Consolidation Breakdown - KOTAKBANK📊 Script: KOTAKBANK 📊 Nifty50 Stock: YES 📊 Sector: Banks 📊 Industry: Banks - Private Sector Key highlights: 💡⚡ 📈 Script is giving Breakdown of consolidation on Monthly chart, we may see some more bearishness into the stock. ⏱️ C.M.P 📑💰- 1551 🟢 Target 🎯🏆 - 1479 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:KOTAKBANKShort
by radha_23
3
📈Mastering Stock Selection:A Journey to Long-Term Wealth💰Part1Interested in selecting high-quality stocks and growing your wealth through long-term investing? Today, I'll guide you through effective stock selection methods, including the top-bottom and bottom-top approaches. Remember, as Warren Buffett famously said, "The stock market is designed to transfer money from the active to the patient." 💼📈 Let's start with the top-bottom approach. First, you choose an economy, such as Indian, US, or UK. Next, select a sector within that economy, like Financial Services, IT, or Pharma. From there, narrow down to an industry within the sector, such as AI, Clean-technology, or Hardware. Finally, choose a company within the industry. Don't worry if it seems complex – I'll provide examples and guidance throughout. 💡🔍 Conversely, the bottom-top approach flips this order. We start by selecting a company, then move up to its industry, sector, and finally, the economy. 💼🔄 Let's put theory into practice with the top-bottom approach: (a random example) 1. Choose India as the economy. 2.Select the IT sector for its promising future. 3. Opt for AI as the industry due to its potential. 4. Select Infosys as a company. Now, it's your turn! Share examples of top-bottom or bottom-top approaches in the comments for practice. 💬💡 In the upcoming discussions, we'll delve into the fundamentals of sector, industry, and company analysis. Don't worry—I'll explain everything from market cap and cash flow to return on equity (ROE). 📊✨ Target of likes (boosts): 25+ (if we achieve our target than I will make Part 2) 🎯🚀 Follow for more such ideas & learning content! 🔍
NASDAQ:AAPLEducation
by smarttrader012
1
LTC Strategic Move: Collapse down to $56 Buying LiquidityIn light of the Triangle Breakout pattern, Litecoin has successfully reached its upside target. Simultaneously, LTCUSDT has broken above the resistance uptrend trendline, signaling a positive outlook for the long term. However, the current market conditions are presenting a highly intricate timing challenge for both buyers and sellers, with price exhibiting heightened volatility. Despite the complexity, there's a probable scenario on the horizon. LTC's price might experience a downward move toward the $56 mark, a level often marked by stop losses. Interestingly, this zone is expected to attract significant buying liquidity, serving as a robust support and contributing to a highly favorable LTCUSDT price action. Stay vigilant for the emergence of a new higher high, as it could indicate a rapid continuation of the uptrend. The key is to remain alert to market dynamics and potential shifts while navigating the current volatility.
Short
by CryptoPAMM
8
AVAX ABC Correction PlaybookAVAXUSDT has recently encountered a formidable psychological barrier at $50, coinciding precisely with the 661.8% Fibonacci retracement level. This alignment presents an opportune profit-taking level for buyers, suggesting a potential shift in market sentiment. Traders could be inclined to initiate short positions on AVAX, possibly giving rise to an ABC corrective pattern in line with the Elliott Wave theory. The critical factor to monitor is the adherence to the $50 level. As long as this psychological resistance holds, it signals a preparation for a robust C-Wave down, indicative of a corrective move in the broader market. Staying vigilant around this key level will provide insights into potential developments and opportunities in AVAXUSDT's price action.
Short
by CryptoPAMM
Crypto Heat Check: Anticipating a Cooling Off in the MarketThe crypto market's temperature seems to be rising, indicating a potential need for a healthy relief bounce. While the altseason may not have concluded, it's prudent to brace ourselves for a corrective move downward. Taking a closer look at the SUIUSDT example, we can witness the market's respect for the supply area. Particularly noteworthy is today's occurrence—a clean bounce off the 61.8% Fibonacci resistance level, signaling a palpable downward pressure. This could potentially translate into a 15-20% price drop. Don't get overexcited and be ready for any scenarios!
Short
by CryptoPAMM
4
If I were to trade Bitcoin Dominance (BTCDOM), I would sell now.Bitcoin Dominance (BTCDOM) has formed a distinctive double top at 2380, a key level marked by a bearish divergence observed in the MACD oscillator. While a strong support zone has emerged around the psychological level of 2000, a critical shift could be underway. It's important to note that BTCDOM has breached below the 50 Moving Average on a 3-Day chart, signaling a departure from its recent trend. The convergence of a bearish MACD divergence and the breach below the Exponential Moving Average (EMA) paints a picture of potential weakness in the BTC dominance dynamics. The emphasis on this potential weakness raises a flag, presenting a reasonable selling opportunity. This decision is bolstered by the recognition of a solid risk-to-reward ratio, underlining the strategic nature of the suggested trade. Traders, take note – the current technical signals suggest that now might be the opportune moment to act on a bearish outlook for Bitcoin Dominance.
Short
by CryptoPAMM
Bitcoin (BTCUSDT) Supply Area Proximity and Market SentimentsSince September 10, Bitcoin's uptrend has been impressively consistent, marking three months of continuous growth. This prolonged price action significantly raises the probability of an impending correctional move down. BTCUSDT has been trading near the supply area for the past couple of weeks, inducing a sense of caution in the crypto market. While the long-term trend remains strongly bullish, a healthy correction could be beneficial for sustained growth. Additionally, the remarkable surge in altcoins over recent months, though exciting, indicates the need for a potential pullback. As long as BTC is below the current supply area, we anticipate a 20% correction to test the double Fibonacci support at $36k.
by CryptoPAMM
4
USDJPY- STILL DOWN LIKE WE PREVIOUS ANALIZED The USD/JPY currency pair has seen significant movements recently, with several factors influencing its expected performance next week: Current Position and Recent Movements: As of December 14, 2023, USD/JPY stood at 141.986, indicating a decrease of 2.28%. The currency hit a high of 145.995 and a low of 141.832 during this period. Over a broader 52-week range, the pair fluctuated between 127.221 and 151.924, with a year-to-date change of 8.29% and a one-year change of 4.73%. Influence of Bank of Japan's Policies: Recently, signals from the Bank of Japan about an imminent shift towards a more accommodative monetary policy have strongly influenced the Japanese yen's strengthening against other major currencies, particularly against the dollar. This caused the USD/JPY pair to fall to the support level of 141.63 before recovering. Therefore, the future of the pair largely depends on the central banks' policies, especially from Japan, where markets have long awaited a shift in negative interest policy. Expectations from the U.S. Central Bank: This week, the focus will be on the U.S. Central Bank's policy announcement, with strong expectations to maintain U.S. interest rates, but there will be attention on the bank's policy statement and expectations report. Monitoring of new expectations for U.S. interest rate levels at the Federal Reserve is ongoing. Technical Analysis: Technically, the USD/JPY has formed lower highs connected to a trend line that has held since mid-November. It appears ready to test this resistance level again. The Fibonacci retracement tool indicates levels where sellers may be waiting to jump on the downtrend. The 61.8% Fibonacci level nearest to the trend line is around the key psychological mark of 146.00, which might be sufficient to keep gains in check. Hence, the USD/JPY may resume its decline to its lowest level at 141.62. However, a breakout above the Fibonacci levels and trend line could trigger a reversal to the upside. Additionally, technical indicators suggest a continuation of the downward trend, with the 100 SMA below the 200 SMA, confirming a shift downward in the trend or that a sell-off is more likely to gain momentum rather than reverse. In summary, the future performance of USD/JPY will depend on key factors including the central banks' policies of Japan and the United States, as well as technical signals that currently indicate a potential continuation of the downward trend. The chart reflects this with the price recently testing a key support level and showing a potential for continuation of the downward trend as indicated by the trend lines and recent price action. A video of my trade made it yesterday at USDJPY drive.google.com Like i analyzed before go look my past analysis: drive.google.com
Short
by BBSignTraders
USDJPY - NovemBEARS MARKETFor the current week, the USD/JPY pair has shown a decline, closing Monday's session at 148.675. Investors are speculating on a possible shift in the Bank of Japan's policy away from negative interest rates, which could support a move of the pair towards 145. Consumer confidence in the U.S. and comments from FOMC members are also key factors that could influence the trajectory of USD/JPY. The focus is on the future direction of the Bank of Japan following higher-than-expected inflation data, with anticipation of further guidance on when this policy shift might occur. On the other hand, in the U.S., a significant drop in consumer confidence could affect spending and thus demand-driven inflation, which would influence the Fed's interest rate outlook. Investors will be attentive to comments from voting FOMC members on inflation and interest rates. In summary, the market anticipates a possible change in the Bank of Japan's monetary policy and is closely monitoring U.S. consumer confidence indicators and comments from FOMC members, all of which could significantly influence the behavior of the USD/JPY pair in the coming days. Look my ideas chart drive.google.com
Short
by BBSignTraders