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Economic Cycles

USO is in a sweet spot on its chart LONGUSO while the middle east, the Houthi rebels and the Suez Canal shipping quagmire affect oil liquidity globally and prices at the pump continue to be volatile the federal government seeks contracts to restore the national strategic reserves depleted in the last supply demand challenge while the presidential and congressional election cycle starts warming up. On the weekly chart, USO has just crossed over the long term anchored mean VWAP line as well as the POC line of the volume profile. This is a bullish momentum move. Price is situated in the middle of the high volume area showing expectations of decent trading volume and liquidity. I see this as an opportunity to take long trades in oil or anything oil related. CVX is on sale after a drop after the morning open. i will look at oilfield services stocks, big oil and oil futures.
AMEX:USOLong
by AwesomeAvani
1
BTC LONG Starting to get back into trading beacuse i need the money to lve comfrtably, even tho i havent ever made money with trading i want too now and i am going to get good at a trading and making money. Now this is a small long i saw today after not being on the charts in a long time. after analysing this monthly movment and the weekly and daily ones i saw this long. Im also Gonna wathc some videos on phsycology so ii start fressh in a way. Wish me luck !! I need to pay rent next month!!!!!
COINBASE:BTCUSDLong
by DaddyVini
MEN LIE, WOMAN LIE, BUT CHARTS DON'T LIE. Vertical lines represent bearish and bullish sessions. The next reads to be a Bullish Session. The price is questionable. The 3-month space is just an idea of what might happen. Bubbles represent price zones. I will not play Wizard and predict where the price will end up. I'm only being honest. Price action, sessions, and pi cycles read how and where. Prices are also thought ranges. Hanging Man made the dip. Bullish Engulfing has not been completed yet. It's still in process. In my opinion, it will be a bullish engulfing because two bottom body candles are even and the pattern has a BE pattern type but not confirmed yet. Pi Cycles meaning: to have a crash, red MA must first cross the green MA which has not. Neither will the price fall below the red MA. I've applied a white MA for security, the RED MA must not fall below it. Please see PI CYCLE's previous idea. Follow the red and green MA. When the Red MA crossed the green MA on cycles 1 and 2, then came the dip. 1 and 2 blue trend is part of the halving pattern. This idea meets the criteria for STOCH RSI. When using STOCH RSI on a 1WK volume chart, it shows the bull momentum making the CROSS. BULLS have made null and void the HM. Red and white MA's work like a magnet with volume candlesticks.
COINBASE:BTCUSDLong
by The_ForexX_Mindset
15
Myro breakout indicators - solid long opportunityIf we're looking at the Solana meme coin space, Myro tends to move a bit behind WIF. Currently Myro has been in a slow but steady recovery, establishing higher levels of support. If we look at the charts and history, we're in the almost exact formation WIF was on January 8th price point wise and chart structure - also similar to where Myro was before it's parabolic move, but we now have much stronger support levels and a long period of consolidation that is an indicator we should make an ATH soon. Even with the drops and consolidation we've seen, it's still moving along the channel and the lows continue to rise with the support channel, which is a great sign. I'd expect a small dip in the next day, possibly to .068 (or it could be very slight down to .072), and then it seems very likely as BTC and SOL cool off a bit, we'll see traders moving some of that money back to Alt coins which should give a nice chunk of liquidity for Myro to start it's next run.
by mgreyd
20
Myro update - next target .30Some slight adjustments to my previous post - Myro actually moved on a much faster timeframe than I anticipated and it's pivot points were slightly higher. Today we say a solid consolidation after hitting .16, and then a swift 20% drop across crypto that was quickly bought back - this shook out a lot of leverage on both sides and has primed Myro among other coins for the next leg up. We could see one more test of .11, but then the RSI and historical chart data seems to point towards a swift rise up - I'm guessing it will move relatively quick to .20, perhaps by the end of this week, with a quick profit taking bringing it to near .16, and then another quick climb to .30 I would anticipate a steep correction once .30 is reached, probably to .21, but once Myro clears and holds .30 we should see some parabolic moves if this "meme coin super cycle" does materialize and we see more liquidity flowing into the space.
Long
by mgreyd
28
MYRO - $1.30 by end of MarchUpdating my analysis from .076 to .30, which was pretty spot on though MYRO moved on a much faster scale than I anticipated. Using the same analysis looking at WIF, which Myro has always followed closely behind and is on the same blockchain of Solana, we can expect similar movement now that it has broken out from it's previous peak ATH of .26, made a new ATH and moving into price discovery. Recently MYRO tested a new ATH of .448, which is currently having a healthy consolidation around .37, possibly a bit lower and likely will range for the weekend. Looking at WIF's trend history (which again played out almost to the T when MYRO began it's breakout at .076), we should expect another swift and fast climb for MYRO very soon in the coming days. Once MYRO moves above .40 and passes it's new ATH we should be set to begin this pattern. Again the time frame could be faster or slower than charted, but I would expect it to move quite similar to how WIF did over two weeks ago. After we reach pass $1 and hold we'll have to see where the market is and if meme coin sentiment is still holding strong. At the moment it does not look to be cooling off as more exchanges continue listing futures, and we will have spot listings rise soon too - the big parabolic moves will come with spot listings from Coinbase, Binance, OKX and Robinhood. If this meme coin super cycle continues we could see events similar to the booms of DOGE, SHIB and PEPE in previous bull runs, which will see growth across all newly established and old meme coins. I would say anywhere around the .3, even the .4 range is a still a strong entry point for a spot long. I would say if you're planning on trading with leverage to have your stops carefully placed. As we've seen before there can be swift flushes that get bought up as quickly as they dropped, so also be wary of trying to time these pivot points since they can be much briefer than charted. Let's see how this goes and hope to be taking more profit at $1. Good luck!
Long
by mgreyd
14
LTC: big reward📊 Analysis by AhmadArz: 1. Support and Resistance Levels:** - Support:** Around $82.80. - Resistance:** Approximately $88.00 and $96.82. - 📉🛑 2. Trend Channels:** - Currently, the price is moving within a horizontal range and appears to be awaiting a breakout. - 📈📊 3. Trading Strategy:** - Buy Zone:** Enter buy positions if the price breaks and surpasses the $84.15 level. - Target Price (TP):** - TP-1:** $96.82 - 💹💰 -Stop loss: 82.80 ⛔ 4. Overall Trend:** - The current trend is in consolidation. If the price can break the $88.00 resistance level, it is likely to move towards the higher target price. - 🚀📈 In summary, consider entering buy trades if the price breaks the $88.00 resistance level and aim for the target price of $96.82. 🔗 "Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡 Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
Long
by ahmadarz
2
RUNR: in channel📊Analysis by AhmadArz: 1. Support and Resistance Levels:** - Support:** Around $6.100 and $5.995. - Resistance:** Approximately $8.397 and $8.717. 2. Trend Channels:** - The price is moving within an upward channel marked by blue lines. - There is a clear uptrend with higher highs and higher lows. 3. Trading Strategy:** - Buy Zone:** Enter buy positions around the support area of $6.100 by SL: $5.935. - Target Prices (TP):** - TP-1:** $6.731 - TP-2:** $7.298 - TP-3:** $8.284 4. Overall Trend:** The trend is currently bullish within the ascending channel. The price is expected to move towards the target prices if the support levels hold. In summary, consider entering buy trades in the support zone and aim for the target prices within the upward trend channel. 🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz. 💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets." 🚀Please boost and💬 comment to share your thoughts with us!
Long
by ahmadarz
BTC / SP500 Correlation 👀The stock market updates to the maximum(#ATH), Will Bitcoin do it? The recent growth of the stock market is due to strong reporting and growth of 5 companies (#NVDA #GOOGL #AMZN #META #MSFT) from the Magnificent Seven. Mostly because of the pending rate cut, the AI boom, and the influx of liquidity. 📝In general, there are enough problems in the stock market, the most positive comes from the expectation of liquidity and rate reduction closer to autumn due to political pressure. But at the moment we are a little overheated, I think that shortly there will be consolidation, before the continuation of growth. 💡I think #Bitcoin will have something similar. The positive effect of ETH ETF and halving will help keep Bitcoin at the previous levels(60-72k), until the phase of active growth, which will start soon (~end of summer).
CRYPTO:BTCUSDLong
by FeelsStrategy
Is This The Beginning Of The End Of The Bulls?After reaching an all-time high (ATH) of $68,997 on November 8, 2021, Bitcoin began a bearish correction that lasted a year, bottoming out at $15,479 on November 21, 2022. Following this, the bulls took over and pushed Bitcoin to a new ATH of $73,805. At this point, another correction is likely to occur in order to propel Bitcoin towards the projected six-figure price mark. I anticipate the price retracing back to $38,597 before rallying northwards of $100,000. From a technical perspective: The buy-side liquidity created by the previous ATH (traders who entered late during the last bull run have exited their positions) has been swept. This has led to an imbalance in price, causing it to seek sell-side liquidity, which is predominantly around $50,428 or even $38,504.
CRYPTO:BTCUSDShort
by Sazzy
1