Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 16, 2024Technical Analysis and Outlook:
The chart analysis on February 9th shows how powerful the Trade Selector System is to this Trading View platform. Bitcoin has completed the second phase of the reignited rebound extension phase, also known as the "Outer Coin Rally 53000". Currently, this analysis shows the downside price action is in pivotal squeeze mode; it is expected to rebound and retest Mean Res 52500. Moreover, completing the Outer Coin Rally 53000 from this spot is imminent.
Investing
EURUSD - Pullback Before an Up MoveThe Euro lost some ground against the Dollar this week again . This happened after the Dollar had been somewhat weakening last week.
Why is that?
Data from the US showed people spent less money than expected last month. This surprised markets and made the Dollar seem less risky.
There are also upcoming data* from the US that could be good for the Dollar. Investors are waiting to see this data before making big bets on the Euro.
A European Central Bank official hinted at a possible interest rate cut later this year . This could weaken the Euro in the long run.
Here are some other things to know:
The Dollar is still stronger than it was a few weeks ago.
The US Federal Reserve may not cut interest rates as soon as some people thought.
The European economy is growing slowly, but inflation is falling.
*Data: the Producer Price Index (PPI) and the Michigan Consumer Sentiment Index.
SPY (S&P500) - Trendlines, Support, Resistance - Weekly chartSPY (S&P500 etf) has been in an uptrend for one year, and is currently seeking to create a higher-high pivot point in price action.
Weekly support levels are: $484, $477, $462.
Weekly resistance levels are: $502, $510, $517.
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Reliance : Sit on the sell side before anyone else Alert! Bearish Pattern Spotted! 🐻
📊 Pattern: Curve Resistance
📌 Symbol/Asset: RELIANCE
🔍 Description: Reliance is near the resistance of curve on a weekly timeframe.
We can see correction of upto 15-20% from this prices.
Resistance is around 2990-3020 and Reliance stock should fall from these prices.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation.
BTML - Stock is poised for a short term and swing trade , 10-40%The stock has broken it's all time high and given a retest in daily.
Also the stock is retracing from its FIBONACCI 38.2 retracement level in monthly.
Volumes look strong and RSI in Lower time frame supports an entry now.
Sector - Entertainment.
Entry 215 range.
Target - 240, 260, 290.
Swing trade target at 240 - 10-15% ROI.
INDRAPRASTHA MEDICAL CORP - A good reversal bet for 15% ROI.The stock has given a fantastic rally , yearly breakout of 22 years in 2023.
The stock has been taking strong support at 165 levels since 4 months.
Now it shows reversal from 165 levels. Confirmed by price action - RSI.
Entry - 194.
Targets - 204, 208, 216,225.
It would be great to trail the profits once 225 is taken off.
To note : Quarterly results are good. Also DIIs have started purchasing the stock since last 2 quarters, new addition. FIIs have marginally increased stake.
Navigating Crypto Investments: The dynamic and Complex space
Welcome to the coffeeshop everyone, this is your host and Baristo, and you are joining me with this podcast called "Off The Charts" where I try to break down the crypto space to you in this coffeeshop so you can have some guidance in navigating the blockchain and the ever-changing space.
When Bitcoin (BTC) first emerged, skepticism abounded. Fast forward, and those early investors are now reaping the rewards of their foresight. Today, the crypto market boasts thousands of digital currencies, including Ethereum, Cardano, Tether, Solana, and Stellar, among others.
Embarking on Your Crypto Journey
Picture yourself at our cozy coffeeshop, surrounded by friends, sipping your favorite brew. Suddenly, the talk shifts to cryptocurrency. There's a mix of curiosity and confusion in the air. Fear not, for we're about to unravel the mysteries of crypto right here, right now.
1 - Choose the Right Crypto Exchange Platform
Before diving into the crypto waters, you need a reliable exchange platform. Don't rush this decision. Look for simplicity, a wide selection of coins, low fees, direct fiat-to-crypto conversion, security features, educational content, and top-notch customer support. Think of it as selecting the perfect blend of coffee beans for your morning brew—quality matters.
2 - Understand What Makes a Good Investment
Not all crypto is created equal. A good investment offers unique utility, a strong community, a reputable development team, a solid whitepaper, and a clear roadmap. Remember, it's not just about the price; consider trade volume, past performance, and corporate partnerships. Just like crafting the perfect latte, it's about finding the right balance of flavors.
3 - Diversify Your Portfolio
Variety is the spice of life—and of crypto portfolios. Spread your investments across different coins to minimize risk and maximize returns. Start with a mix of established and emerging cryptocurrencies, adjusting the ratio based on your risk tolerance. Think of it as selecting a variety of pastries to accompany your coffee—each adds its own flavor to the experience.
4 - Know When to Exit and Take Profits
Timing is everything in crypto. Set clear goals and limits for each trade, and stick to them. Don't let emotions cloud your judgment. Consider selling in increments to secure profits along the way. It's like knowing when to leave the coffeeshop—you want to go home before you've had too much caffeine.
5 - Be Prepared for Volatility
Crypto markets are notorious for their wild swings. Brace yourself for the ups and downs. For short-term traders, adapt your strategies to rapid price movements. Set stop-loss orders and avoid impulsive trades. For long-term investors, stay focused on your goals amidst market fluctuations. Think of it as riding the caffeine high—enjoy the rush, but stay steady.
6 - Plan for the Long Term
In the crypto world, patience pays off. Focus on projects with solid fundamentals and long-term potential. Avoid chasing quick gains and invest in sustainable growth. It's like savoring a slow-brewed coffee—good things come to those who wait.
7 - Prioritize Cybersecurity
Protect your investments like you protect your personal information. Choose exchanges with robust security features, including 2-factor verification and cold storage. Stay vigilant against scams and phishing attempts. Think of it as locking your valuables in a safe—better safe than sorry.
So, there you have it—your guide to navigating the crypto seas from your favorite coffeeshop. With the right knowledge and tools, you can set sail with confidence, ready to explore the exciting world of cryptocurrency.
WEEKLY BREAKOUT TRADENSE:IBREALEST
All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Volkswagen: Assessing Momentum and Potential Opportunities
Title:
Volkswagen: Assessing Momentum and Potential Opportunities
Analysis:
Hello Traders,
Volkswagen presents an intriguing opportunity as we assess its current momentum and potential for further gains.
XETR:VOW3
Volume and Momentum Analysis:
Volume trends suggest increasing market activity and growing confidence in Volkswagen 's price movement. This surge in volume aligns well with the ongoing upward momentum, indicating a potential continuation of the uptrend.
Technical Analysis:
The price action favours upward movement, with Volkswagen exhibiting strength in its bullish trend. Technical indicators support the notion of further gains, providing a positive outlook for traders.
Conclusion:
Given the supportive volume and technical signals, traders may find opportunities to capitalize on the upward momentum in Volkswagen . However, it's essential to remain vigilant and implement risk management strategies to navigate potential market fluctuations.
Don't Forget to Engage:
Please LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍ if you found this idea insightful! Your engagement contributes to the community's knowledge and helps broaden the reach of valuable insights.
Trading based on this analysis carries inherent risks. Conduct your own research and consult with a financial advisor before making any investment decisions.
Happy trading!
S&P 500 Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook:
The S&P 500 index has reached and surpassed our Inner Index Rally 4980, and we expect it to continue to rise in the upcoming week. Our projection is that it will fill the five-handle gap to reach an Outer Index Rally 5035 and then continue to Inner Index Rally 5072. However, we anticipate potential pullbacks in the market at this level.
Notwithstanding, if there is a down move or gap-down before reaching the 5035 price, the Mean Sup 4985 will be the primary target. It is essential to monitor the price action carefully in the first three days of the upcoming week's session to make informed trading entry decisions.
EUR/USD Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook:
The Eurodollar traded lower in this week's trading session by completing our Inner Currency Dip of 1.075 and settling in a tight range, hovering above our Mean Sup 1.074 and under Mean Res 1.079. The Eurodollar is in a primary downward trend, which will continue until the support level marked at Mean Support of 1.074 and the Inner Currency Dip of 1.075 is broken. Once these levels are eliminated, the currency will continue to decline toward the next Inner Currency Dip of 1.065. However, an intermediate upward movement is possible, in which case the currency might retest the Mean Support level of 1.084.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Feb 9, 2024Technical Analysis and Outlook:
Bitcoin has experienced a significant increase during this week's trading session, surpassing the predicted Inner Coin Rally of 44200. As a result, it has achieved our Outer Coin Rally projection of 47500. The next target for Bitcoin is to reach the Key Resistance level of 48700, followed by the Inner Coin Rally of 49500. The ultimate goal is to achieve the Outer Coin Rally of 53000. However, if there is a decline in the coin value, it may retest a Mean Support level of 46000 before continuing its upward trend.
TSLA Bulls VS BearsAs we watch Tesla hit key resistance, it's important to look at how the price reacts at the 200 level. The following days will tell if it is ready to shoot to the moon or make a turn back down to 160 levels proving the sellers right. Time to grab the popcorn and watch what happens next, before the MACD really turns.
GTL INTRASTRUCTURE - BEST PERFORMER PENNY STOCKCan enter at CMP 1.75 or Enter at 1.60 level
Targets - 2.35,3.75+
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RAMA STEEL TUBES - ENTRY POINTCan enter at CMP - 43₹
SL - 32
Targets - 50,60,70+
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MISHTANN FOODS - 2 YEARS HIGH BREAKOUTCan enter at CMP 23₹
or enter at 21₹
Target - 35.55
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PRITIKA AUTO INDUS - GOOD VOLUMECan Enter at CMP 41.30 or Enter at 37 level
If again falls then you need to average at 26 level
BEST STOCK TO INVEST
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SBI - 700 TARGET DONEWE ENTERED ON JAN 3RD 2024
Can Enter again at CMP - 630
If falls You need to average at 600 level
We have already Entered at 552 level
Target - 700,900+
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YES BANK RANGE BREAKOUT FROM ALL TIME LOW LEVELI Suggested this stock on 12th Nov 2023 at 19 level
Entered at 19
Targets - 22,30,45,70+
18% Returns Given 🚀💰 Best Penny stock to invest now
Investment possible at CMP - 21.45 level if falls than average at 19 level
@Jagadheesh_JP
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
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MARSONS LTD - 110% PROFITS GIVEN IN 1 MONTH3 TARGETS COMPLETED
Can enter at 8.70
Average at 7.61 level
Target - 12,15+
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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