GOOD BTC ENTRY !! SL 59K TP 72KREASONS WHY !!
Market Sentiment and Momentum:
Bitcoin soared in 2023, and experts predict further gains in 2024, potentially reaching $80,000.
Despite long-term optimism, Bitcoin experienced a recent dip.
Technical indicators suggest potential downside, but the market remains in a tug-of-war.
If buyers can push past the $44,700 resistance, a jump to $48,000 is in sight.
Spot Bitcoin ETF Launch:
The launch of a spot Bitcoin ETF in early 2024 is poised to revolutionize the crypto landscape.
This move is expected to attract significant capital from both retail and institutional investors, further fueling Bitcoin’s ascent.
Bitcoin Halving Event:
Scheduled for April or May 2024, the Bitcoin halving event will curtail the yearly supply of new Bitcoin.
This reduction in supply could establish conditions where demand potentially outstrips supply, a fundamental factor in the optimistic price forecast.
Investor Confidence and Accumulation:
Investors are holding on to their BTC with conviction stronger than in 2021.
Relative realized profits show that despite a new all-time high, selling has not been as significant as during the previous cycle.
Consistent accumulation since February 2024 indicates confidence among investors, expecting further price growth.
COIN 260 - 273 AFTER EARNINGS ?Why Coinbase Could Soar to $260 Post-Earnings
Coinbase, the renowned cryptocurrency exchange platform, has been making headlines with its impressive financial performance. As we approach the next earnings release, there’s a palpable buzz around the possibility of the stock price hitting the $260 mark. Here are some compelling reasons why this could become a reality:
Strong Earnings Report: Coinbase recently reported earnings per share (EPS) of $1.04 for the quarter, significantly surpassing analysts’ consensus estimates1. This positive surprise is a testament to the company’s robust revenue generation and cost management strategies.
Revenue Growth: The company’s net revenue reached $905 million in the fourth quarter, marking a 45.2% increase from the previous quarter2. This surge in revenue reflects Coinbase’s ability to attract and retain a substantial user base, despite the volatile nature of the cryptocurrency market.
Profitability: For the first time since the fourth quarter of 2021, Coinbase reported a net income of $273 million2. This return to profitability could be a strong indicator of the company’s financial health and operational efficiency.
Market Position: With a mission to increase economic freedom worldwide, Coinbase has established itself as a leading platform in the crypto economy3. Its comprehensive suite of services, including trading, staking, and safekeeping, positions it well to capitalize on the growing interest in cryptocurrencies.
Analyst Optimism: Some analysts have set high price targets for Coinbase, with predictions reaching as high as $2764. This optimism is fueled by the company’s consistent performance and the expanding adoption of crypto assets.
Technological Edge: Coinbase is not just a marketplace for crypto transactions; it’s also a technology provider that enables developers to create innovative crypto products3. This dual role could be a key driver in the company’s future growth and stock price appreciation.
Macro Factors: The broader financial market’s sentiment towards cryptocurrencies and blockchain technology can significantly impact Coinbase’s stock. Positive developments in the crypto space often translate into increased trading volumes and higher revenues for exchanges like Coinbase.
$ORCL 126 AFTER EARNINGS NYSE:ORCL 126 AFTER EARNINGS
Strong Quarterly Earnings: Oracle has shown strong financial performance in the recent past, with its stock price soaring after reporting results that beat analysts' expectations and highlighted its position amid the AI boom. This indicates a positive market response to its financial performance, which could lead to a higher stock price in the future.
Increased Price Targets by Analysts: Analysts have increased their price targets for Oracle, with some predicting a potential rise to $126.
These optimistic forecasts suggest that the market and analysts have confidence in the company's future growth and performance.
Positive Market Sentiment: The market's response to Oracle's earnings reports has generally been positive, with the stock price rising after strong earnings reports. This suggests that if Oracle continues to report strong earnings, the market could respond positively, potentially pushing the stock price towards $126.
High Growth Potential: Analysts predict that Oracle's earnings and revenue will grow significantly over the next 3 years. This high growth potential could attract investors and drive up the stock price.
Market Leadership: Oracle is a market leader in cloud computing and database software. Its strong market position and broad scope of offerings could contribute to its continued growth and success, potentially leading to a higher stock price.
Positive Industry Outlook: The cloud computing and database software industries are expected to continue growing, driven by the increasing need for digital solutions and data management. As a leader in these spaces,
Oracle is well-positioned to benefit from this industry growth.
AI-Related Gains: Oracle has been highlighted for its position amid the AI boom, indicating its potential to benefit from the growing demand for AI-related services and solutions.
Google Daily Chart Break Out $GOOGL🚀 **GOOGLE STOCK UPDATE!** 🚀
📈 **New All-Time High!** 📈
NASDAQ:GOOGL reached new highs yesterday, indicating strong market momentum! 🔥 What’s next? Here’s what traders are monitoring:
🔍 **Consolidation Phase** 🔍
We need NASDAQ:GOOGL to maintain key support and create a stable trading range. This often precedes the *next upward move* 📊.
💡 **Importance**
Post-breakout consolidation reflects strength, suggesting buyers are in control and further gains may follow. 📅
👀 **Levels to Monitor**
- **Support Area**: Look for support at prior breakout levels.
- **Volume**: Healthy consolidation shows declining volume, indicating sellers are weakening.
⚡ **Stay alert!** ⚡
Breakout, consolidate, repeat. The next move could be significant.
#GOOGL #StockMarket #TradingTips #BullishConsolidation #BreakoutStocks 🚀📈
Google: There We Go!Since late October, the Alphabet stock has been rejected twice at the $181.61 resistance. This Monday, though, it achieved an impulsive rally above this critical level. This advance aligns perfectly with our primary scenario by propelling the magenta wave further upward, and we expect additional gains as this movement progresses. However, the development of the ongoing upward impulse would be significantly delayed in our 33% likely alternative scenario. In this case, Alphabet’s stock would still be working on the corrective green wave alt. and sell off below the support at $147.22.
Google , follow up with the fantastic fundamentals great value!Hi friends next we would look into Alphabet Inc. (GOOG)
Great fundamentals supporting the idea, outside of the technical view
1. Strong Financials: Q3 revenue grew 15% YoY to $88.3B, exceeding analyst expectations. EPS also beat forecasts.Their current AD revenue, and data base center revenue has been outstanding hence giving a positive outlook on the share's price
2. AI Integration: Generative AI is now embedded across services, with search AI reaching over a billion users.Gemini AI project has been outstanding and it has a strong overhand over compettitors involving in AI
3. Waymo Expansion: Waymo, Alphabet's autonomous car unit, plans to extend ride-hailing to Miami by 2026.
These developments have boosted investor confidence, with analysts raising price targets and maintaining bullish outlooks.
Entry : On Market Open - 174.69
Target 1 : 181.61$
Target 2 : 191.68$
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
Alphabet Inc. (GOOGL) Shares Rise Over 5% in a Single DayAlphabet Inc. (GOOGL) Shares Rise Over 5% in a Single Day
As the chart indicates, during yesterday’s trading session, shares of Alphabet Inc. (GOOGL), Google’s parent company, climbed to their highest level since July. This surge was driven by market participants' reaction to the company unveiling Willow, a quantum computing chip. According to Google, this chip can perform in less than five minutes computations that would take some of today’s fastest supercomputers 10 septillion years.
“We see Willow as a significant step on our journey towards building a practical quantum computer with real-world applications in areas such as drug discovery, nuclear fusion, battery design, and more,” Google CEO Sundar Pichai stated on X (formerly Twitter) on Monday.
On 22 November, when analysing the price chart of Alphabet Inc. (GOOGL) shares, we:
→ Drew an upward channel (marked in blue);
→ Highlighted the support formed at the former resistance level of $167, from which the price rallied to current levels.
What are the potential scenarios for the trend's development?
Technical analysis of Alphabet Inc. (GOOGL) shares suggests:
→ The bullish gap, with a “leap” above the psychological level of $180, could act as future support;
→ The price is near the median of the long-term blue channel, where supply and demand forces often balance out;
→ If the bullish momentum persists, the price could rise to the upper thickened line, which reflects a steeper bullish trajectory.
It’s possible that this upper thickened line, reinforced by the current high near $191.20, will act as significant resistance through the end of 2024, prompting the price to consolidate around the channel's median line.
According to TipRanks surveys:
→ 27 out of 33 analysts recommend buying GOOGL shares;
→ The average 12-month price target for GOOGL shares is $209.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Its OK as longest google stays above 170 ! lets go ! Last week, Google stayed above 170, which is excellent news. Within the analysis, we can see that it’s starting to show bullish convergence. I also drew an ascending channel based on its recent price movements.
In my last analysis of Google, I mentioned that once the price touched the "stacked channel," we only needed to observe the immediate candlestick structure, and from there, it would take off—and that’s exactly what happened (check out the little thumbs-up hand).
Now, it doesn’t matter if the price dips slightly here; the key is for it to stay above 170 and within the mini ascending channel I marked.
The real challenge for Google is breaking through the inflection zone where it’s currently positioned. It was rejected once, so the price will likely attempt to break through this key zone again.
Let’s see what happens in the coming days.
Thanks for supporting my channel! Best regards.
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Alphabet (GOOGL): Perfect wave reaction. This is our planWhat can we say except—just take a look at this. Alphabet ( NASDAQ:GOOGL ) has followed our analysis perfectly over the last two months, reacting strongly to the targeted area for wave B and selling off immediately after reaching the exact 78.6% Fibonacci retracement.
Fundamentally, pressure is mounting on Alphabet. Last Wednesday, U.S. prosecutors presented a case to the Department of Justice arguing that Google must sell its Chrome browser, share data and search results with rivals, and potentially sell Android to dismantle its monopoly on online search. This landmark case could reshape how users find information, creating uncertainty around Alphabet’s future operational structure.
From a technical perspective, we still anticipate more downside for $GOOGL. The level of $137.8 now appears even more significant. It aligns with the Fibonacci retracement of wave (2), the Point of Control (POC), and the wave C target—an extremely strong confluence zone. This makes $137.8 a likely magnet and a strong candidate for support, offering a potentially lucrative long setup if the price reaches this level.
We are monitoring closely to see how NASDAQ:GOOGL performs in the coming weeks and how these levels react to ongoing market conditions and DOJ pressures.
Alphabet Inc. (GOOGL) Shares Drop Over 4.5% in a Single DayAlphabet Inc. (GOOGL) Shares Drop Over 4.5% in a Single Day
As the chart shows, during yesterday’s trading session, the stock price of Alphabet Inc. (GOOGL), the parent company of Google, declined by more than 4.5%. The drop was driven by regulatory pressure on the company concerning its Chrome browser, which may face a forced sale or breakup.
The US Department of Justice believes Google should end its monopoly on online search. A court case is scheduled for April next year, but the sharp decline in GOOGL’s share price reflects growing investor caution.
The technical chart for Alphabet Inc. shares reveals further reasons for concern due to several bearish indicators:
→ The price reversed downward (indicated by an arrow) from the median line of the long-term channel (shown in blue).
→ All bullish progress made following the earnings report (as analysed in our 30 October coverage of GOOGL shares) has now been lost.
→ The price has broken below the boundary of the steep ascending channel, which had been in place since early September, increasing the risk of a breach of the lower boundary of the blue long-term channel.
Currently, the price is holding support at the former resistance level of $167. However, will it be strong enough to counter the bearish momentum triggered by these developments?
Analysts Remain Optimistic
Despite recent turbulence, analysts maintain a positive outlook. According to a TipRanks survey:
→ 27 out of 34 analysts recommend buying GOOGL shares.
→ The average 12-month price target for GOOGL is $208.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Google I Potential positive growth in the ascending channel Welcome back! Let me know your thoughts in the comments!
** Google Analysis - Listen to video!
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GOOGLE: Where are they going after earnings? Let's talk about itWHERE WILL GOOGLE GO AFTER THEY REPORT EARNINGS ON TUESDAY?!
NASDAQ:GOOG NASDAQ:GOOGL
In this video, we will review 3 key items that give us the best probability of predicting where they will go.
1⃣ See if it meets my "High Five Setup" trade strategy
2⃣ Why it's BUY according to my Valuation Metric Tool (6/6 score) I WANT A DIP!
3⃣ Look aHEAD to find out 👇
Video analysis 4/5. Stay tuned!🔔
Like ❤️ Follow 🤳 Share 🔂
Is this MAG7 name finally going to play catchup to its siblings? Drop a comment below.
Not financial advice.
THE STOCK GAUNTLET HAS BEGUN! GOOGLE 1/17⚔️🛡️ THE STOCK GAUNTLET HAS BEGUN! ⚔️🛡️
STOCK/TRADE UPDATE: 1/17
1⃣ NASDAQ:GOOG NASDAQ:GOOGL
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NASDAQ:GOOG NASDAQ:GOOGL
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Google: At the Resistance!Driven by bullish momentum in the tech sector, Google’s stock has recently gained as expected. The resistance at $181.61 has presented a key hurdle in recent weeks. However, our primary wave count indicates that this level will be surpassed next during the ongoing magenta wave . This bullish impulse should conclude significantly higher in the chart, thereby setting a new all-time high. Conversely, there’s a 38% chance for our alternative scenario, which suggests an extended wave alt. correction.
Google along with AI companies preparing for major rally to $216Cup and Handle is clearly forming on Google.
The AI companies are looking super bullish in the medium term and looks great for investing in.
Either there is going to be a HUGE breakthrough with AI soon or there are going to be favourable legislations and regs to change with Trump being President.
ALl in all technically, we are seeing up signs including:
Price> 20 and 200MA
Broken downtrend
Now we just need a breakout to the upside with the Cup and Handle.
Target $216.10
GOOGLE Enormous upside confirmed by a 1W Bullish Cross eyes $235Alphabet Inc. (GOOG) has been trading within a 2-year Channel Up since the October 31 2022 bottom of the Inflation Crisis Bear Cycle. Having already started the new Bullish Leg of the pattern following the rebound on the 1W MA50 (blue trend-line), the price completed last week a MACD Bullish Cross on the 1W time-frame, the first since March 25 2024. That was halfway through the previous Bullish Leg.
The 2-year Channel Up has only given us another 3 such MACD Bullish Crosses, so this is in fact a strong and rare bullish signal. As you can see, so far we've had two major Bullish Legs within the Channel Up, both topped after roughly +60% price increases and both reached at least the 2.382 Fibonacci extension measured from their respective corrections.
Since the 2.382 Fib extension is this time considerably above the Channel Up, it is only natural to assume that yet again the Bullish Leg may complete a +60% rise from the September 09 bottom.
As a result, our Target towards the end of Q1 2025 is $235.00.
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Google is Taking a Break and accumulating for the 2nd run !Google returns to the inflection zone we had previously studied. This is good news because, after pulling back, we got a bounce in the same inflection zone.
What does this mean?
It means that the price is more than ready to continue its upward trend; however, it is just forming an accumulation pattern, where it could resume its upward movement at any moment.
Key points to follow:
Markets, in general, are bullish, and we are in a week of high market euphoria, which could support the price to continue rising.
Google continues to report positive news within the company.
Google’s prices have increased, indicating that higher figures may be reported in their next earnings report.
In my opinion, Google will remain in an accumulation range this week—it's a pattern where the price will hold steady this week before its next bullish run.
Thank you for supporting my analysis. TRADE SAFE! Best regards."
Google: Buying TimeGoogle is positioned for sustained growth, making it an attractive investment opportunity in the coming months. With the 2024 Q3 earnings approaching and timely announcements expected, their data strategies and strong global presence provides a promising outcome.
- Q3 2024 Earnings - October 21, 2024
- Q4 2024 Earnings - February 3, 2025
As a testament to it's nature, even in daily routines, I still find myself watching YouTube during meals. Goodluck.
$167.00 NASDAQ:GOOGL