Economic Cycles
DOGE wait for breakThe Doge/USDT pair on the 1-hour chart has broken out from a symmetrical triangle, indicating a potential bullish trend 📈.
Analysis:
- Entry: Between 0.10558 and 0.10663 could be a good buy zone 🎯.
- Take Profit (TP): Target is set at 0.11238 to 0.11242, a key resistance level. Watch for potential reaction at this level 🏁.
- Stop Loss (SL): Placed around 0.10267. If this level breaks, it's best to exit to avoid further losses 🛑.
Key Points:
- Risk to Reward: The risk/reward ratio is favorable, offering a solid profit potential 💼.
- Continued Move: If the price breaks above 0.10798 and holds, the probability of reaching the target increases 📊.
Signal:
- Buy (Long) between 0.10558 with a target of 0.11238 and a stop loss at 0.10267 🚀.
GOLD CREATES ALL-TIME-HIGH, MORE HIGHS EXPECTED!Last trading week saw gold formed all-time-high on high buying pressure. With a slight pullback in days, the metal may re-test the newly created support at 2530 and further creates more highs.
N.B!
- XAUUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#gold
#xauusd
EURUSD ACCUMULATIONS LIKELY TO RISE ABOVE 1.11500Fibre is showing strength; a pullback below 1.10500 likely to cause the pair to rise above 1.11500.
N.B!
- EURUSD price might not follow the drawn lines . Actual price movements may likely differ from the forecast.
- Let emotions and sentiments work for you
- ALWAYS Use Proper Risk Management In Your Trades
#eurusd
#fibre
DERO is extremely undervalued.DERO a homomorphic encrypted blockchain with secure and private smart contracts is truly one of it's kind.
With a fast 18 second block time, being a layer 1 private decentralized application platform with instant syncing and fast transactions DERO is extremely undervalued.
The blockchain is relatively new and is in it's alpha stage which means there will be lots of future development coming.
Recently TELA is launched, TELA enables the secure and decentralized storage of application files on DERO's blockchain using smart contracts.
This makes the DERO protocol capable of hosting true WEB3.0 decentralized webApps.
Welcome to the future!
Short trade Sellside BTC/USDT trade on Saturday, September 14, 2024,
at 6:30 AM (LND Session AM),
Trade Setup:
Entry Price: 59,866.7 USDT
Profit Level: 59,687.4 USDT (0.30%)
Stop Level: 59,884.0 USDT (0.03%)
Risk-Reward Ratio (RR): 10.36
Analysis: Sat 14th Sept AM
Observed contraction of the band followed by an expansion to the downside
Long trade
BTC/USDT trade on Friday, September 13, 2024,
Trade Setup:
Entry Price: 60,308.3 USDT
Profit Level: 60,964.4 USDT (+1.09%)
Stop Level: 60,293.3 USDT (-0.02%)
Risk-Reward Ratio (RR): 43.74
Key Level:
The entry at 60,308.3 USDT is close to the psychologically important 60,000 USDT level, often a strong support/resistance zone in Bitcoin trading. If BTC holds above this level, it reinforces the bullish sentiment.
Long trade
Buyside trade on BTC/USDT during the NY session at 4:00 PM
Friday, September 13, 2024,
Confluence (directional bias)
50-period and 200-period moving averages (MAs) suggest an uptrend.
Trade Setup:
Entry Price: 59,776.7 USDT
Profit Level: 60,516.0 USDT (+1.24%)
Stop Level: 59,552.3 USDT (-0.38%)
Risk-Reward Ratio (RR): 3.29
Target Fib level 1.272
Bitcoin FULL Analysis PART 2In a previous analysis, I discussed the relationship between Bitcoin, the Altcoin market and Bitcoin Dominance.
An important rotation exists between these three; and by using TOTAL3 together with BTC.D, you can get a clearer picture of where BTC is trading in the current cycle.
In this video, I make an important suggestion based off Elliot Wave Theory. This theory is backed up by the points mentioned but also by the Logarithmic view:
From the log scale, we can see BTC is still trading relatively low compared to previous cycle top-outs. So the question remains - the end... or just the beginning?
________________________________________
COINBASE:BTCUSD BINANCE:BTCUSDT CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D
Long trade
Buyside trade on GBP/USD during the NY session
at 2:00 PM on Friday, September 13, 2024,
Fri 13th Sept 24
Pair GBPUSD
NY Session PM
2.00 pm
Entry 1.31074
Profit level 1.31931 (0.65%)
Stop level 1.30856 (0.17%)
RR 3.92
Key drivers will likely be the relative strength of the UK economy versus the US, alongside BoE and Fed monetary policies.
Yield Curve Reversion Trade 2024The yield curve reversion is when the US10Y Treasury Yield becomes greater than the US2Y Treasury Yield and has a track record for signalling recession. I've been tracking the reversion for the past two years for any hint of sense of whether the US FED would cut FEDFUNDS rates or if bond traders would drive yields/prices towards reversion. This time, the fed's narrative is driving the reaction here.
To express this idea I've put on long CBOT_MINI:10Y1! and short CBOT_MINI:2YY1! via the futures market. I'll keep rolling the futures contracts until the yield curve starts to form a top, likely a spread value between 1.5-3.0.
Crypto Alternatives Reaching Extremes Please study and look back on the history of CRYPTOCAP:OTHERS.D
This trendline has acted as major support with each touch marking key reversal points of alts before moves higher or at the very least moving away from their lows.
Light blue is CRYPTOCAP:OTHERS with the grey boxes marking the touch points and the yellow vertical lines being the BTC halving dates.
I believe we are here in the cycle with regards to alts and BTC:
Last cycle we had a shorter bottom base and accumulation period followed by a longer consolidation period before the halving. This time around we see longer bottom base and somewhat shorter consolidation period these past 5 months.
The white dashed line marks the mid line of the bottom base and then price recovering back into the high liquidity/ consolidation zone. And it just so happens that we're in a better setup this time around than last cycle imo.
Super HTF head and shoulders:
2019:
2024:
Current BTC outlook:
IMO any bids of strong alts or only the majors in this 1.5T to 2T zone is a great entry.
You can see I included the google trend plot for the search "bitcoin" which is good gauge of sentiment, interest, and tops/ bottoms. Buy when no one is talking about it or cares. Sell when interest peaks and everyone is talking about it.
A lot left in this cycle IMO but it will take some time for things to play out.
Simple Bitcoin analysis (Long Term) Higher no matter what?Let's keep things simple on a daily since the chart patterns seem to make the most sense here. As you can see when Bitcoin formed a double top on the daily it was all downhill from there. Now it is forming a cup and handle pattern on the daily time frame - So it will most likely just be massively up from here. Don't say I didn't warn you that the TA should be kept simple when trying to guess long-term moving averages. Pay attention to the support line I drew. BTC will never go below this line. If it does I will delete my account.