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September 19 Bitcoin Bybit chart analysisHello It's a Bitcoinguide. If you have a "follower" You can receive comment notifications on real-time travel routes and major sections. If my analysis is helpful, Please would like one booster button at the bottom. This is the Bitcoin 30-minute chart. There will be a Nasdaq indicator announcement at 9:30 and 11:00 shortly. Bitcoin has currently reached the Bollinger Band daily chart resistance line and the weekly chart center line. It is different from the short position operation method, and the weekly chart center line is not the first touch, so I see a high possibility of raising it with force, and I focused on long positions based on the Nasdaq flow and current pattern. *Red finger movement path One-way long position strategy 1. $61,940 long position entry section / stop loss price when purple support line is broken 2. $64,272.5 long position 1st target -> Good 2nd -> Great 3rd Currently, the 1-hour chart MACD dead cross is coming out in this order, but if the 1st section at the top is touched or broken through first, the dead cross will be ignored and the upward trend can be connected right away. At this time, the 2nd section at the bottom I think it would be good to see it as the minimum upward wave that connects to the 1st section. It can be connected to a vertical rise. When reaching the top section, depending on the situation, Rather than entering a short position, the finishing section at the bottom of $63,420 is expected to be an additional entry point for a long position, but please set the stop loss price personally and operate it. From the purple support line breakout From the bottom, there is a possibility of sideways movement or additional adjustments after tomorrow. If it breaks through the black resistance line 1 section today Since it is a channel that must be broken through You can see it as a somewhat meaningful movement from a long position standpoint. Up to this point, I ask that you simply use my analysis for reference and use I hope you operate safely with principle trading and stop loss prices. Thank you.
BYBIT:BTCUSD.PLong
by BitCoinGuide
Buy Trade Idea for ARKDescription ARK is a versatile cryptocurrency designed to facilitate blockchain interoperability, aiming to create a more connected and efficient ecosystem. Here are the key fundamentals that make ARK a promising buy opportunity: - **Interoperability Focus:** ARK's core technology enables seamless communication between different blockchains, allowing for greater flexibility and innovation in decentralized applications (dApps) and smart contracts. - **User-Friendly Platform:** The ARK network provides a simplified blockchain creation framework, making it accessible for developers and businesses looking to deploy custom blockchains without needing extensive technical knowledge. - **Active Ecosystem Growth:** ARK has fostered a growing ecosystem with increasing adoption from various projects. Its expanding developer community and ecosystem partnerships are driving innovation and enhancing the platform's utility. - **Scalability and Security:** The ARK platform is designed to provide a scalable and secure infrastructure, ensuring fast transaction speeds while maintaining robust security measures, which supports long-term viability. With these strong fundamentals, ARK presents an exciting buy trade opportunity for investors looking to capitalize on the growing need for blockchain interoperability and scalability in the crypto space. Disclaimer Cryptocurrency trading involves substantial risk and may result in the loss of your invested capital. The information provided here is for educational purposes only and should not be considered financial advice. Cryptocurrency markets are highly volatile, and prices are influenced by numerous factors. Always conduct thorough research, evaluate your risk tolerance, and consult with a qualified financial advisor before making any investment decisions. Past performance does not guarantee future results.
Long
by MoonTradingForecast
Analysis of gold price trend on FridayGold fluctuated at a high level on Friday and is currently trading around 2597. Gold prices rose more than 1% on Thursday, reaching an intraday high of 2594, approaching the historical high set on Wednesday. Although the performance of U.S. initial jobless claims was good, which once put pressure on gold prices during the session, the Federal Reserve launched a monetary easing cycle, which still attracted bargain-hunting buying to support gold prices, and data showed that the U.S. real estate market was still struggling; in addition, the escalation of the conflict between Israel and Lebanon attracted safe-haven funds to support gold. The U.S. dollar fell in volatile trading on Thursday, providing support for gold prices. The U.S. dollar index, which measures the exchange rate of the U.S. dollar against a basket of six currencies, fell 0.38% to 100.64 on Thursday after reversing the early gains; the market struggled to digest the Federal Reserve's sharp 50 basis point interest rate cut and the shift to an accommodative monetary policy stance. If you combine geopolitical risks with our current deficits, coupled with a low-yield environment and a weaker U.S. dollar, the combination of all these factors is the reason for the sharp rise in gold. It should be noted that data showed that the number of initial jobless claims in the United States last week fell to the lowest level in four months, and the number of people continuing to receive unemployment benefits fell to the level since early June, suggesting that employment growth in September was solid and confirming that the economy continued to expand in the third quarter. This may limit the upside of gold prices. Investors need to pay attention to the interest rate decision of the Bank of Japan on this trading day, pay attention to news related to the geopolitical situation and speeches of Federal Reserve officials. Technical side, gold has experienced a roller coaster ride and then rose sharply on Thursday, with prices rushing back above 2590. The daily line pattern is quite ugly, forming a red and blue alternation. The daily chart ended with a strong positive, and the price once again stood above the MA7/10 daily moving average at 2574/55. The price stood on the middle of the Bollinger band again and was in the current upper track channel. The RSI indicator was adjusted above the middle axis. Considering the large amplitude of the adjustment range, Friday's trading reference 2570/2600 intraday shock layout Asian trading strategy: 2570-2573 long, stop loss 2562, target 2590-2600; 2596-2600 short, stop loss 2609, target 2580-2570;
OANDA:XAUUSDLong
by Jun-goldFX
NIFTY Market Insights: Anticipating significant shiftsDear Traders, I trust this message finds you well in both your trading endeavors and personal pursuits. I am pleased to present a compelling opportunity through a new NIFTY analysis that indicates an imminent significant market shift. The recent upward surge in the market has prompted concerns, as my analysis over the past two months has consistently pointed to an anticipated correction owing to market overvaluation and distinct completion patterns. Technical details: I. Resistance I: 25,388 ~ 25,430 (Extended trend line from 17th JUN'22) II. Resistance II: 25,490 ~ 25,510 ~ 25,526 (Conj. Extended trend line from 24 JAN'24 & 24 JUN'24) III. Resistance III: 25,590 (Extended trend line from 29 FEB'16 – Long & strong Resistance) Please note that these values serve as indicative levels of support and resistance. The wave patterns depicted in the diagram, signal completion of the trend. Additional observations: Time series Forecasting: Top - Top - Today (04/09/2024) = 1690 D from 20jan'20 (1710 = 360*4 + 270) = 1053 D from 19oct'21 (1080 = 360*3) = 644 D from 01dec'22 (630 = 360+270) = 356 D from 15sept'23 (~360) Bottom – Top - Today (04/09/24) = 1626 D from 24mar'20 (1620 = 4*360+180) = 811 D from 17jun'22 (810 = 720 + 90) = 315 D from 26oct'23 (exactly an important angle) = 535 D from 20mar'23 (540 = 360 + 180) Given these short and long-term observations, the time resistance(s) are notably robust. Historical Repetition: The ongoing 14-day winning streak, continuously setting new records, typically precedes short-term corrections ranging from 3% to 24%, as historically observed. For instance, in May 2006, Nifty’s non-stop 9-day rally culminated in a 24% index decline in the subsequent month, while a similar trend in February 2000 resulted in an 11% decline in the subsequent month. Consequently, a market breather is anticipated, with profit booking potentially driving the market to deeper levels before embarking on a new uptrend (anticipated correction in the monthly scale, evident in the 3M time frame). Further details will be provided as the market unfolds. A correction of this magnitude is expected to materialize, with the following scenarios: The initial focus is to prioritize the trend line-based correction scenario. The primary support levels are identified at 23,100. Any subsequent breakout will result in distinct scenarios. Scenario 1: From 15,183.40, retracement towards 21,500 = 4,000 pts (38.2%R) (-12 to 15%), highly probable given the aforementioned reasons. Scenario 2: From 16,828, retracement towards 21,100 levels = 4,400 pts (50%R) (-13% to 17%), also plausible within the realm of reality. One of these scenarios is poised to unfold as the market progresses into correction. Fed and Markets: Considering the correlation between interest rates and market fluctuations, it is wise to take them into account. Typically, their relationship is inversely proportional. However, the Fed has been delaying the easing process due to economic conditions such as employment and inflation data. This month may bring many surprises. If everything goes according to plan, interest rates will be reduced, theoretically boosting investment in gold and stock markets. On the other hand, if the dovishness in the rate decision continues, it will likely unsettle the markets, at least in the short term. Further data releases this month will help in forming a consensus. IMPORTANT DATES TO REMEMBER!!! Sept - 5, 6, 11, 12, 18 (FOMC) Strategy: 1. Being bullish beyond this point is not recommended. 2. Bearish bets are prudent from 25, 300 – 350, 400 for FOMO traders. Risky traders may consider waiting for the 25,500 levels to be tested. Disclaimer: Before concluding, I must underscore that the insights shared are based on my analysis. It is imperative for you to conduct your research and, if necessary, consult with a financial advisor before making any trading decisions. The dynamic nature of financial markets necessitates that your strategies align with your financial goals and risk tolerance. Your feedback is genuinely appreciated, and I would encourage you to share your thoughts in the comments section. I am committed to engaging with each response. Fellow Traders, Countless hours of dedication and effort have gone into creating this valuable analytical resource. If you find it useful, I humbly ask for your support by liking and following me. Your comments and thoughts on this idea are highly valued, and I am committed to engaging with each one personally. Thank you for investing your time in reading this article, Your readership is greatly appreciated. Wishing you profitable and joyful trading!!!
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan
Buy Trade Idea for ONDODescription ONDO is a rising cryptocurrency with a focus on decentralized finance (DeFi) solutions, offering compelling fundamentals for a potential buy trade: - **DeFi-Focused Platform:** ONDO is positioned as a key player in the DeFi space, providing innovative financial products that cater to both retail and institutional investors. Its platform allows users to access new decentralized lending and yield opportunities. - **Partnerships and Ecosystem Growth:** ONDO has formed strategic partnerships with prominent DeFi projects, further expanding its ecosystem and user base. These collaborations enhance ONDO’s utility and adoption, making it a strong candidate for growth. - **Yield Optimization Tools:** ONDO's suite of yield optimization tools offers users the ability to maximize their returns on various digital assets, appealing to those seeking passive income opportunities within the DeFi space. - **Community and Developer Support:** With a growing and engaged community, ONDO benefits from active development and continuous improvements, which support long-term growth and sustainability. These key fundamentals suggest that ONDO is well-positioned for significant adoption and value appreciation, making it an attractive option for a buy trade. Disclaimer Cryptocurrency trading and investing involve significant risk, including the potential loss of principal. The information provided here is for educational purposes only and should not be considered financial advice. Cryptocurrencies are highly volatile and influenced by various market, regulatory, and technical factors. Always conduct your own research, assess your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance does not guarantee future results.
Long
by MoonTradingForecast
Buy Trade Idea for Ethereum Classic (ETC)Description Ethereum Classic (ETC) is one of the original blockchain networks, born from the Ethereum hard fork, and it retains a strong foundation built on immutability and decentralization. Here are the key fundamentals supporting a buy trade on ETC: - **Immutable Ledger:** Ethereum Classic prides itself on maintaining the original Ethereum blockchain, ensuring that transactions and smart contracts remain unchanged and transparent. This adherence to immutability continues to attract users who value decentralization. - **Strong Decentralization:** ETC operates with a focus on preserving the decentralized nature of blockchain technology, free from centralized influence. This aspect is appealing for developers and investors looking for truly decentralized platforms. - **Smart Contract Capability:** Similar to Ethereum, ETC allows for the creation and deployment of smart contracts, which opens the door to various use cases in decentralized finance (DeFi), non-fungible tokens (NFTs), and other blockchain applications. - **Support from Mining Community:** With Ethereum’s shift to Proof of Stake (PoS), ETC has seen increased support from miners, strengthening the security of its Proof of Work (PoW) consensus and adding to the network’s resilience. Considering these strong fundamentals, ETC presents a promising buy opportunity for those looking to invest in a blockchain that values decentralization, security, and long-term stability. Disclaimer Trading and investing in cryptocurrencies involve significant risks and can lead to substantial losses. The information provided here is for informational purposes only and should not be taken as financial advice. Cryptocurrency markets are highly volatile, and prices can fluctuate due to various factors. Always conduct thorough research, assess your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
Buy Trade Idea for #WENDescription WEN is a rising cryptocurrency that is building a name for itself in the decentralized ecosystem. Here are the key fundamentals supporting a buy trade for WEN: - **Scalable Infrastructure:** WENBuy Trade Idea for WEN is built on a highly scalable blockchain network, enabling fast and cost-effective transactions, which makes it suitable for a wide variety of decentralized applications (dApps) and use cases. - **Growing Ecosystem:** The WEN ecosystem is rapidly expanding, with increasing developer interest and partnerships across multiple sectors, contributing to its growing adoption. - **DeFi and NFT Integrations:** WEN supports decentralized finance (DeFi) projects and non-fungible tokens (NFTs), which are driving significant activity and engagement on its platform, further enhancing its utility. - **Community-Centric Governance:** With a focus on decentralization, WEN incorporates a governance model that empowers its community, allowing holders to participate in key decisions and protocol improvements. These strong fundamentals indicate that WEN could offer a compelling buy opportunity for investors seeking exposure to a growing and innovative cryptocurrency. Disclaimer Trading and investing in cryptocurrencies involves substantial risk and may result in significant losses. The content provided here is for informational purposes only and should not be considered financial advice. Cryptocurrencies are highly volatile, and price movements are influenced by numerous factors. Always conduct thorough research, consider your risk tolerance, and consult a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
Buy Trade Idea for RLC(iExec) RLC (iExec) is a cryptocurrency at the forefront of decentralized cloud computing, offering a unique value proposition in the blockchain space. Here are the key fundamentals supporting a buy trade for RLC: - **Decentralized Cloud Services:** RLC powers the iExec platform, enabling decentralized cloud computing by allowing users to rent computing power, data, and services on-demand. This positions it well for future growth as cloud computing and blockchain convergence increases. - **Enterprise Adoption:** iExec is building strategic partnerships with major industry players and has been integrated into enterprise solutions, which boosts the credibility and potential market share of RLC. - **Scalability and Efficiency:** RLC provides an efficient and scalable solution for processing intensive computing tasks, which are essential in sectors like AI, big data, and machine learning. This opens up a wide range of applications for enterprises and developers. - **Robust Ecosystem Growth:** With ongoing development and a growing ecosystem of developers, RLC is set to expand its use cases, further enhancing its value in the marketplace. With these strong fundamentals, RLC represents a compelling buy opportunity for investors looking to capitalize on the intersection of cloud computing and blockchain technology. Disclaimer Trading and investing in cryptocurrencies involve significant risks and may result in substantial losses. The information provided here is for informational purposes only and should not be considered financial advice. Cryptocurrencies are volatile and can be influenced by various market factors. Always conduct your own research, assess your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
Buy Trade Idea for CELODescription CELO is a unique cryptocurrency that focuses on providing mobile-first blockchain solutions, aiming to drive financial inclusion globally. Here are the key fundamentals supporting a potential buy trade for CELO: - **Mobile Accessibility:** CELO’s platform is designed to make blockchain and decentralized finance (DeFi) accessible to anyone with a mobile phone, enabling seamless transactions and financial services for the unbanked and underbanked populations. - **Stablecoin Integration:** CELO integrates with stablecoins, such as cUSD and cEUR, offering users access to price-stable assets for everyday transactions and cross-border remittances, driving adoption in emerging markets. - **Growing Ecosystem:** The CELO ecosystem is rapidly expanding, with numerous decentralized applications (dApps) being developed, ranging from payments to decentralized finance. This growth is further supported by partnerships with major global organizations aiming to use CELO for real-world solutions. - **Sustainability Focus:** CELO prioritizes sustainability with a commitment to carbon neutrality, making it an appealing choice for investors looking to support environmentally-conscious blockchain projects. With these strong fundamentals, CELO presents a compelling buy opportunity, especially for those interested in the intersection of blockchain technology and global financial inclusion. Disclaimer Trading and investing in cryptocurrencies involve significant risks and may result in substantial losses. This content is provided for informational purposes only and should not be considered financial advice. Cryptocurrencies are highly volatile, and prices can fluctuate based on various market factors. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
Bitcoin Update: September 19, 2024Assalamu Alaikum and Good Morning to All My Brothers and Sisters, Alhamdulillah, once again, my prediction for Bitcoin's movement has been spot-on (as shown in the blue circles). In my previous analysis, I outlined key support and resistance levels, and Bitcoin's price has followed this path perfectly. We are now approaching the next significant yellow zone near 64K. What's Next? Bitcoin is expected to complete its current wave around 63,600, with the next major resistance zone starting at 64,500 and a stronger barrier at 64,800. I anticipate some consolidation in this zone, which could provide a healthy environment for altcoins to rally. A brief retracement may occur on the 4-hour or daily timeframe before Bitcoin resumes its bullish trend. Bearish Scenario: Although the bearish outlook is less likely, we should always be prepared for sudden moves. A significant bearish trigger would be a breakdown of the yellow zone below 60,300. However, as long as we hold above this level, Bitcoin remains in a healthy uptrend. Altcoin Market: Altcoins are mirroring Bitcoin's strength, moving upward as Bitcoin surges. Many of our signals have already hit their first and second Take Profit levels, with others performing well too. I continue to monitor and update my signal list with new opportunities. Stay tuned, and I wish you all a profitable week ahead. May we all find success in these markets. Have a great day!
Long
by MoonTradingForecast