XRP moonshot?Since April 2021 XRP has been banging on the 2/1 Gann failing time and time again.
In the last three years we hit the 2/1 Gann 5 times and failed to break it , this monthly candle is extremely bullish and we have reached the apex of this Gann triangle, the chances are we break to the upside.
Since March 2020 we have been printing lower highs on the monthly without fail.
Stoch RSI monthly buy.
Bar pattern fractal from 2015 repeating.
Very high chance here XRP breaks 2/1 this time round , there is a lot of momentum.
Invest
Airbnb (ABNB): Bleak Outlook or Potential Turnaround? 🏠Airbnb (ABNB): NASDAQ:ABNB
Airbnb's outlook appears quite bleak at a glance. We've experienced a break in the downtrend, and since January 2023, there has been an uptrend. However, we anticipate this might not last long as the complete cycle has not yet concluded. Since the IPO, the price initially surged to $220, then fell to $82. We now expect a rise towards a Y-Wave, or Wave II, hitting between the 61.8% and 78.6% retracement levels, equating to a range between $167 and $190. Following this, we predict Wave III will drop well below Wave 1's low of $82, potentially reaching around $30. It's important to note this is a multi-year scenario that won't unfold overnight. Still, it's crucial to be aware of the long-term perspective.
Should the price exceed the 78.6% mark, or $190, our scenario would be invalidated, indicating that the bottom was indeed found at $82.40. Until such a development, we anticipate a declining trend for Airbnb.
Bitcoin Outlook 2024It's been a while since I posted something on TradingView, mostly because there has been nothing going on for months now. However, I believe we are coming into a major pivot point for Bitcoin.
In the past, when Bitcoin consolidates at previous all-time highs, it's a strong sign that we are entering a Bitcoin bull market. But this time, it seems, at least for now, that the tide has turned to the downside.
The main chart above shows the most important macro trendline to follow right now, with multi-year support and two major cycle lows put in on this trendline.
If we take a look at my lay lines and Fib time zones, you can see why I think the 2024 outlook is going to be more downside. A new time cycle will start sometime around December 2024, which matches with the lay lines also.
A very important Time Fib, which I have been using for years, starts this month.
As you can see, it is powerful at predicting pivot points. Unfortunately, last year it failed for the first time in predicting anything, so let's see what happens this month.
As you can see from the model, Bitcoin has failed to close above the last band. This last band shows the last phases of Bitcoin cycles.
MACD BEARISH CROSS 2W
The MACD has crossed bearish on the 2W timeframe five times. One out of the five times it was a false signal, and that was the crash in May 2021 down to 30k. The rest of the time, when this signal fires off, Bitcoin from that candle close on average moves down 63%.
It is important to note that even though we have crossed bearish on the MACD, we need to wait for it to confirm in 10 days as of this post, which would be the close of this current 2W candle.
STOCHASTIC RSI
We have officially gotten a sell signal on the monthly. Two moving averages have closed under the 80 level. In 2021, this again was a false signal; we rallied for months while moving averages kept moving down.
Mayer Multiple Band
Completely broken down from the yellow band. The next band is at 43k.
My indicators
This shot is showing Heikin Candles. As you can see, it's pretty good at calling tops , its not perfect , but considering this is a real-time signal, it is very powerful. This signal will confirm in 27 days, though.
Same shot but using Japanese candles. As you can see, we have two sell signals up here on a monthly timeframe. As soon as I saw the second one, I knew already that the outcome was most likely down.
CME GAP STILL OPEN
Let's not forget that the CME GAP at 20k is still open. That is a 60% drawdown from where we are now, which would take us down to 20k where the CME GAP is, which is in line with the 2W candle MACD bearish cross average drop.
Conclusion
There are so many sell signals right now, and these sell signals are on monthly and 2-week timeframes. We are talking about huge momentum here.
My view is we go down for the rest of the year until December 2024, when rate cuts come in and the bull market starts until September 2025. After that, blood.
Anything is possible. A black swan event would take it down to close the CME GAP most likely. Remember, anyone who was here in March 2020, we dropped 63% in about 20 days.
XAUUSD reserves increased ahead of today's CPI💵GOLD PRICE AND ECONOMIC INFORMATION
Gold rose near $2,375 per ounce on Thursday, rising for the third straight session, as investors await US CPI data due later today to seek cues on the Federal Reserve's timing and depth of interest rate cuts. The annual CPI inflation is expected to ease from 3.3% to 3.1% in June, while the core CPI is anticipated to remain unchanged at 3.4%.
🔴SELL GOLD: 2390 - 2400, SL: 2404
🟢BUY GOLD: 2340 - 2338, SL: 2334
⛔️Breakout: top border 2387 - 2390 - 2403 - below 2370 - 2365 - 2355
🔼Support: 2365 -2355 - 2350 - 2340 - 2335
🔽Resistance: 2387 - 2395 - 2400 - 2410 - 2414
GOOD LUCK EVERYONE👍
TBO TEK LTD - Pre and Post IPO Statistics
IPO Price: 920
Issue Size: 1150 Crore ( 1.68 crore shares)
Lot Size: 16
Listed: 1426 ( Premium listing - 55% gain :) )
Closing on Listing Date: Closed in Negative @ 1406 minor loss of 1.4%)
Listing Day Candle: long Range Spinning Candle
Listing Day Volume: 1.2 crore
Listing day open and low PRICE would act as a support in immediate future.
Support Range: 1426 -1275 ( 10.5%)
TBO tek is one of the leading global travel distribution platforms and simplify the business of travel for Suppliers such as Hotels, Airlines, Cruise, Car rentals, Transfers, and Rail and Retail & API Buyers such as Travel agencies, independent travel advisors; and enterprise buyers that include tour operators, travel management companies, online travel companies, super-apps and loyalty apps on its platform that enables them to transact seamlessly with each other.
TBO Tek platform connects over 159,000 Buyers with over 1 million Suppliers across 100+ countries
Aadhar Housing Finance Ltd - Pre and Post IPO Statistics
IPO Price: 315
Issue Size: 3000 Crore
Lot Size: 47
Listed: 315 ( Flat listing)
Closing on Listing Date: Closed in Positive@ 329( minor gain of 4.4%)
Listing Day Candle: Spinning Candle
Listing Day Volume: 7.1 Crore
IPO price and Listing day low PRICE would act as a support in immediate future.
Support Range: 292-315 ( 7.3%)
Chainlink What Now?Is this move a surprise not really if you been following my Chainlink ideas.
Published in February warning traders that giant rising wedge had formed and the target of that wedge is back to the top of the massive range at 8-10 dollars.
March 18th we got a bearish cross the MACD , this was another signal of things to come.
On the LINK/BTC we can see that we hit the exact bottom of June 2023 lows when Chainlink hit 5 dollars and completed its wave 5.
We also have this very important date coming up with LINK , which is April 22nd 2024 or more like the week instead a specific day. This Fib time sequence has predicted Chainlink event for years with 100% succuss rate , check it out below
We once again get to see if proves to show us something of value.
On the Main chart above you can see this time fib sequence once again showing pivot points on the weekly , showed us all time high , June 2023 low , I mean simply amazing sequence here apart from 3.618 in grey you can see failed to produce anything special.
Even though the target for the rising wedge is 9-10 dollars I would link to see LINK hold the 1/1 Gann Fann right now its sitting right on it so we don't want to see a close under that would be pretty bad to close under the 1/1 again.
EURUSD1h - On the hourly timeframe, there has been aggressive movement over the past two days without any correction, resulting in significant unabsorbed liquidity above. It would be beneficial to observe sideways movement in the Asian session with liquidity absorption below, followed by a structural shift to a long context.
Chainlink Giant Rising Wedge formed.Rising wedge target is back to top of chainlink accumulation range at 9.3.
Clear rising wedge pattern with two touch points top and bottom.
We are coming up to the Chainlink fib sequence I have been using for years it has a 100% win rate at predicting Chainlink events , major moves , bottoms or tops.
Last Fib time hit was the Big move down in May 2022 marked a major bottom for LINK. Next one is April 22nd 2024 and anything can happen for LINK around this time , its interesting also that it lines up with the Bitcoin halving.
LINK/BTC
Link has failed to break this level time and time again and until this level is broken I don't think we will see a major move for LINK.
It is possible that coming in 22nd of April we get a big move down for on LINK/BTC to test the 1/1 Gann fan again, yellow circle you see on the chart.
If thats the case then expect a major move down the fact that we are forming such a massive rising wedge with only 60 days from the next count is telling.
I also get a two different Fib time dates on 22nd April the one use see above is completely different start and end points yet the 618 falls on the same date.
Maybe LINK breaks the resistance on this date and moons or maybe it crashes and bottoms , who knows! all i know is that the next date after Aprill 2024 is May 2027 so best be ready for anything .
8000 MARKET CAP IS BOUND TO 11 THOUSAND MARKET CAP IN 100 DAYSArchean Chemical Industries Ltd, incorporated in the year , has its registered office in No 2 North Crescent Road, T Nagar, Chennai, Tamil Nadu, 600017, 91-44-61099999. The main industry in which Archean Chemical Industries Ltd operates is Chemicals.
Auditor/Auditors for Archean Chemical Industries Ltd is/are PKF Sridhar & Santhanam LLP. In the main management, is chairman and G Arunmozhi is the company secretary for Archean Chemical Industries Ltd.
SPOT 653
DATE 12 APRIL 24
777 EXPECTED TO GO
ADD UPTO 636
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Bitcoin RoadMap 2024/2025The thesis I will present today will go over the idea that Bitcoin will repeat its first cycle over a longer length of time. There are a lot of theories on where Bitcoin is going next, and it's been interesting seeing so many different perspectives.
Every 4 years, Bitcoin follows through with its cycle, and we are now in the 4th cycle. So, what if it repeats the first cycle?
The first cycle is a interesting one , we had two tops, one big move followed by a 75% correction and after 231days we put in a higher high.
Last cycle nearly every single logarithmic model I was using broke expect the one you see in the main chart above, I know every model breaks eventually but until then we will base are projections around it.
The fact is there is not much room left from here , if Bitcoin repeats the same move and time then we looking at July at around 113k for a major 2024 top , for over 500 days now Bitcoin has been moving 100% every 120-140 days with the last move only taking 50days.
What is interesting is it took 1200days from Pi cycle cross to cross , if it repeats the next cross is in July and a my projected cross which will most likely not be very accurate since moving averages will move a lot depending on price but late October 2024 would be the cross.
Monthly RSI is the lowest its ever been in history coming back into all time high.
2Week RSI putting in nearly perfect lower highs since the start.
Bitcoin all time high consolidation pattern looking like it did last cycle in 2020 when it was back at 20k.
Looking over at my time cycles , it takes 1400days from cycle top to top this would put a cycle high in September 2025 from November 2021. It also lines up with my time fib in September 2025.
Elliott wave indicator is flashing a wave 5 both of NAS100 and Bitcoin , as you can see by going back in time its not 100% perfect and calling the top but pretty close most of the time , as you can see last cycle it was off by 3 weekly candles.
We are making lower highs on the Weekly and higher highs in price so bearish divergence could be forming here.
stochastic RSI pointing down and MACD histogram printing two lighter colours but as you can see stochastic last bullrun we were going down the entire time Bitcoin was going up.
Conclusion
There are some warning signs but there weak compared to the bullish signs , candle structure is still making lower highs from 4hour upwards and we forming same pattern as we did last cycle before massive run.
This is how I think it plays out , last phase of the first run is coming until end of July then massive correction into end of year and continuation of the bull run till cycle top September 2025.
In 3 Months every month end 10 % for 90 Days Say What? Have lookAchyut Healthcare Ltd is a pharmaceutical trading company that was established in 1996 and is based in Ahmedabad, Gujarat. The company trades in pharmaceutical products, medical devices, and APIs. It manufactures tablets, capsules, oral liquids, and injectables, and also customizes products for domestic and international markets.
looking for 59 price in upcoming days of 90 in ACHYUT FROM TODAY 9 APRIL 24 CMP 44.70
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LOOKING FOR 59 % OF ROI IN 99 DAYS ? HAVE A LOOK ON THIS SHAREWorldwide Aluminium Ltd (Formerly known Worldwide Leather Exports Ltd) was incorporated in June, 1990. The Haryana based company was earlier engaged in the business of merchant exporting of footwear. The Company opened a retail outlet in Gurgaon underthe name of Bertini Retail during 2004. During 200506, the Company showcased shoes under the Bertini brand at Shoppers Stop. It became a preferred supplier to the prestigious chain Shoe Tree. Recently, it signed an MOU for supply of select footwear to owners of Egle brand under their new launch of Homme.Thereafter, the Company altered the main object clause of the Memorandum of Association there by enabling to carry on the business relating to Manufacturing, Trading of aluminum foils, powders, wires, cable sheets and grills during year 201718. The name of Company was changed from Worldwide Leather Exports Limited to Worldwide Aluminium Limited during 201920 and resulting during 201920, it engaged in the trading of all kinds of aluminium foils, aluminium sheets, strips, coils, PP caps etc.
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EURUSD1h - The hourly timeframe is currently indicating a short context as well. I'm expecting a breakout above the imbalance and also above the previous day's high (PDH). After that, my main intraday target will be the previous day's low (PDL).
Summarizing the above, both key timeframes are in a short context.
Jesus Coin Ascending ChannelJesus Coin , not normally coins I look at or invest in but , I trade patterns and there many bullish patterns that have formed in Jesus Coin.
So as you can see in the main chart above Jesus Coin is in a massive ascending channel which is a bullish pattern. It is also flipped previous all time high as support and has been consistently printing lower Marco highs.
Fib time sequence first hit was right around previous all time high next date is April 14th 2024 , price top of the channel is a 20x for this exact price.
We have also formed a bump and run which has a technical target of 350%.
Right guys its a MEME coin , so will it rug? are there whales that will dump the price?
This is why we run it through are DEFI scanner always.
What the scanner does it checks for anything suspicious the key here is to invest in 100/100 scores , atleast this is my winning strategy.
We can see highest holding wallet owns only 0.5% and everything is looking safe. There is still risk of course so do you own research.
de.fi
He is the link to the scanner for more information on the contract. Stay safe!
QQQ (Nasdaq etf) - Potential Bearish Momentum - WeeklyQQQ (nasdaq etf) has been uptrending for over a year (2023 to 2024).
However, signs of a potential pullback in the long-term charts are showing with the price and rsi oscillator.
In the long-term, a potential pullback may occur in the price, and the price could fall down to $426, $419, $400, $394 support levels.
Long-term resistance levels are: $460, $470, $480, $500.
QQQ etf volatility and trend can be affected by FOMC Interest Rates, Corporate Earnings, Consumer Sentiment, and Global Event Catalysts.
A major bearish catalyst or a series of bearish events would be needed to reverse the price back down.
Note: Without bearish events, the price of QQQ could continue rallying to new all-time highs.
MJ ETF (cannabis) - Potential Double Bottom Pattern - MonthlyMJ ETF (cannabis) has potentially double-bottomed over the past 6 months (october 2023 to march 2024).
Either a possible tradable bounce, or a long-term rally could occur over time as more countries partially legalize cannabis and marijuana.
Long-term resistance price targets would be: $6, $9, $14, $18.
Support price targets below would be $3, $2.50, $2, $1.
Cannabis companies and stocks are highly sensitive to Government Laws & Regulation changes, Fundamental Catalysts, and Corporate Earnings.
Bitcoin (BTC/USD) - Potential Morning Star Candle Pattern WeeklyBitcoin (BTC/USD) has been in an uptrend for over one year, 2023 to 2024, and is currently testing all-time high prices.
A potential Morning Star candlestick pattern (bearish) is forming on the weekly Bitcoin chart.
Bitcoin price may fall in the short-term leading up to the Halving Event in April 2024.
To continue an Uptrend in 2024: Bitcoin needs to breakout and rally above $75000, $80000, $90000.
If not, a pullback is possible for Bitcoin price, and the price could fall down to $60000, $50000, $40000.
Upcoming USA Stock Market Earnings, FOMC Federal Reserve Interest Rate Cuts, and Global Fundamental Catalysts could also affect Bitcoin and cryptocurrency sector volatility.
Reddit Braves Wall Street with 48% Pop in Debut. When Growth?Traders upvoted Reddit’s IPO but can the buzzing social media platform earn its stripes as a public company now?
Table of Contents:
⦿ Reddit Surges in Public Market Kickoff
⦿ If Wall Street Bought, Should You?
⦿ Reddit Stacked Up Against Rivals
⦿ Ad Posts Looking Like User Posts?
⦿ Bottom Line
📍 Reddit Surges in Public Market Kickoff
Reddit (ticker: RDDT ) stepped into the public-market space this week with a flashy and splashy IPO (initial public offering) in New York that chalked up a 48% gain on its debut day. The listing was met with lots of cheer from Wall Street as it was the biggest one for a social media company since Pinterest hit exchanges in 2019.
Shares of Reddit surged to $47 out of the gate to make its first deals at a 38% premium to the company’s IPO price of $34 a share. Valuation soared to $9.5 billion by the end of the session when shares closed at just over $50 a pop.
Reddit’s listing day with the Snoo—the website’s official mascot. Source: Reddit.
By the looks of it, investors upvoted Reddit—a chat-room powerhouse and a stalwart of community-based culture venues sprawling from cat-praising r/CatsInSinks and owl-loving r/Superbowl to the intimidating trading hub r/wallstreetbets that bankrupted GameStop short-seller Melvin Capital.
📍 If Wall Street Bought, Should You?
So the question is, if Wall Street scooped up Reddit shares… should you?
Let’s take a behind-the-curtain look at Reddit’s business model.
It’s been three years of trying for Reddit to get listed on the New York Stock Exchange. Finally, it issued 22 million shares for flotation, of which 8%—or 1.8 million—were reserved for friends, family and volunteer moderators. Those are unpaid users who make sure all the online communities are running smoothly. And they are also the content creators, because—unlike Netflix (ticker: NFLX ) or Spotify (ticker: SPOT )—Reddit doesn’t pay for its content.
The platform boasts roughly 73 million daily active users spread across 100,000 online chat rooms, or “subreddits.” Despite the wide reach and 19 years of existence, the platform has never seen what a profitable year looks like.
Its revenue comes predominantly from selling ads to companies who paid $804 million last year while the bottom line arrived at a $91 million loss. The revenue figure was a 20% increase from the $668 million picked up in 2022.
📍 Reddit Stacked Up Against Rivals
And while revenue growth can be seen along the years, investors are betting that Reddit will ultimately catch up to the big shots in the social-media space. When Meta (ticker: META ), formerly Facebook, kicked off its public endeavors in 2012, it soaked up a market value of $104 billion and raised $ $16 billion for its IPO. Elon Musk’s X Corp, formerly Twitter, landed its first public deals at a $14 billion valuation, having raised $1.8 billion. In comparison, Reddit raised $748 million at an IPO valuation of $6.4 billion.
Reddit carries the lowest valuation at IPO among social media peers.
📍 Ad Posts Looking Like User Posts?
Against that backdrop, Reddit is taking a sketchy approach to bolstering its ad sales. Apparently, the folks at the upper echelons of the company decided it’s a good idea to make ad posts look exactly like user posts . The so-called “free form ads”, the company said, will mimic the popular user post type “megathread” and will “encourage users to deep dive into the topic at hand.”
The community, on the other hand, didn’t show much love to that new advertising strategy. “Enable comments on ads, you cowards,” said one Reddit user while related threads were loaded with users’ comments of disapproval.
📍 Bottom Line
And there you have it, 19 years of posts, 100,000 subreddits, and 73 million users who churn out all the content and self-sustain operations. Reddit gave us the meme stock craze back in 2021. Is it going to give us a rerun of the stock frenzy with its own shares this time? Or will the folks at r/wallstreetbets flip the script and short it?
💬 Let us know your thoughts in the comment section below!
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