BTC TOPING OR CONTINUATION?Those who could not accept the change to $16k to $19k as a change in trend will not be able to now if $40k drops. Short in case of rejection after retest.
Signs of weakness are visible and greed is at high levels.
On the other hand, the market will probably try to capture the liquidity marked on the chart.
Exiting the zone and accepting at $44.8k for a couple of days, we get information that the trend continues and that we are getting higher prices.
Below is a Wyckoff pattern that shows the distribution at these levels.
Investing
Seshasayee Paper Board - Short Term Idea, 25-30% ROI.The stock is in strong uptrend in all larger time frames. Poised for a daily breakout - part of Monthly reversal.
Monthly - Strong buying candle seen in September, which could not be defeated by sellers in Oct and Nov and Dec shows a hammer, which is a sign of reversal. All being inside candles.
One can enter at current market price and hold for target of 530 in the short term.
For swing immediate 10% upside is seen, target at 415-420.
ETHEREUM will beat BITCOIN this time?GREAT WEEKEND EVERYONE
Bullish on Ethereum primarily because of the ETH/BTC CHART. I am of the opinion that 2500 can come, which is also 0.618 fib from the highest peak to the bottom on June 24.
We can discuss the enters: it's all up to you, enter DCA, enter now, wait for 200 Dma, 100 Dma, 0.5 fib. I am of the opinion that momentum is growing on the indicators and it may happen that we will not even reach those prices, my first entry is at 1940.
Waiting for 1870 and then 1800.
Liquidation under 1700
BITCOIN IDEASBitcoin is currently in the supply zone. In order for the trend to continue, we must leave a few days above 44000 to get confirmation. Exiting supply, we will first test the monthly level, which is at 45500, retest supply (which then becomes a big support) and go up.
On the other hand, we have a huge liquidation at 40400, if the price fails to stay at these levels, there is a high probability that we will test 38500. Of course, a potential ending diagonal is created here as well as a Wyckoff top.
Below I will post some of my analyzes for btc, if you wish, study further
S&P 500 Daily Chart Analysis For Week of Jan 12, 2024Technical Analysis and Outlook:
Spooz's extended movement toward our designated target, Mean Res 4783 and Key Res 4800, is noteworthy. However, the completed Outer Index rally poses a significant barrier to advancement towards higher targets: Inner Index Rally 4882 and the next Outer Index Rally 5035. The current level of tight trading range supports this theory. Despite this, current market conditions suggest we may experience a squeeze that could drive the prices down to the Mean Support level at 4745 and possibly even the Inner Index Dip at 4595.
EUR/USD Daily Chart Analysis For Week of Jan 12, 2024Technical Analysis and Outlook:
The Eurodollar has been trading aimlessly this week, fluctuating below the designated Mean Resistance of 1.098. The current target is the Mean Support of 1.090, with a potential decline towards the established Mean Support level of 1.075. On the upside, the Eurodollar may attempt to surpass the Mean Resistance level of 1.098 and reach the Mean Resistance of 1.104 before showing any significant decline.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 12, 2024Technical Analysis and Outlook:
Bitcoin has surged past January 2, 2024, completing the Inner Coin Rally 45900 and, as a result, also topping our designated Next #1 Outer Coin Rally 47500. In addition, Bitcoin has retraced back to our target Mean Sup 42800 after completing a pivotal squeeze, as shown in last week's chart analysis. Currently, it is regaining its lost ground by revisiting the newly-created Mean Res 47000 and extending beyond it.
$NKNC has a good setup for x2 in a yearMOEX:NKNC can give 150% in 1.5 years.
Two scenarios possible, bot now I'm in the context of optimistic view.
Does not constitute a recommendation.
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GMDC LTD for Swing / Positional GMDC LTD Prediction for Swing / Positional Trading
First breakout at Entry 1 level. Second breakout at Entry 2 Level above 228. This entry 2 may be retest. you can entry now and more buy on retesting. Volume also supports the breakout.
SLs- 208, 185
Targets- 270,350,485,700,…
Intermediate Targets - 239,249,259,269,279,290,300,320,340,360,372,383,402,435,445,495,505,515,535,548,570,…….
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Can anyone tell me which chat patterns are shown up here?
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
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Happy trading. Always maintain your Risk Management.
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Gujarat Mineral Development Corp. Ltd. (GMDC LTD) engages in the development of mineral resources. The firm operates through Mining and Power segments. Its products include lignite, bauxite, fluorspar, manganese, silica sand, limestone, bentonite, and ball clay. The company was founded on May 15, 1963 and is headquartered in Ahmedabad, India.
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$ALRS is a well-growing company. Idea is here.MOEX:ALRS reached a high of the building. But this is just an intermediate step to jump to the building much higher. To proceed with this plan, it will loose a part of capitalization for a while. Till 75 to prepare an opportunity for getting better impulse to the level of 107.
Buy - 80-75
Sell - 100-110
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
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GBPUSD - Bullish Move ExpectedThe British Pound vs. US Dollar (GBP/USD) duo has been on an impressive winning streak, extending its gains for five straight days. This upward momentum is being fueled by positive investor sentiment and a slight softening of the US Dollar.
Recent labor data from the US has weakened the Federal Reserve's case for interest rate cuts. Based on current market expectations, there's a 62% chance that the Fed will keep rates unchanged in its March meeting. Also, the New York Fed's 1-year inflation expectations have moderated from 3.36% to 3.01%.
Raphael Bostic, President of the Atlanta Fed, remarked that inflation in the US has eased more than he had anticipated. He also observed that the rise in unemployment has been less pronounced than expected, given the decline in inflation. Bostic added that the Fed is in a strong position at present.
On the British Pound front, DeAnne Julius, a former member of the Bank of England's Monetary Policy Committee, doesn't see the central bank lowering interest rates in 2024. She acknowledged that the escalating tensions in the Middle East could trigger another round of energy price hikes, leading to inflationary pressures.
This week, investors will be closely monitoring the US Consumer Price Index (CPI) release on Thursday. On Friday, UK economic data, including monthly GDP, Industrial Production, and Manufacturing Production for November, will be released. Additionally, several Fed officials are scheduled to speak, including Thomas Barr on Tuesday (today), John Williams on Wednesday, and Neel Kashkari on Friday.
RNDR DCA ZONE An altcoin that started its growth exactly from January 1 and made 12x so far. The zone I'm looking at matches the trend, 0.381- 0.5 Fibonacci + high volume VAH + 200DMA. I expect a lot from this coin and will take it if it comes to this price, maybe even lower.
GBPUSD Day PlanA very interesting chart on the pound, as we closed with a sweep rather than a full bar close above. The context still remains short, and there's a noticeable descending trend in order flow after the impulsive news-driven move. The third intriguing factor for short positions is that, unlike the euro, we formed equal lows, whereas the euro cleared all liquidity below. In summary, the priority is short positions at the moment.
Long Term Correlation Chart [20-30 Years View]This is comparing between the super trend of the S&P 500 (Cash) index and the US 10 year bond yields.
Previously, for a good 35 years, bond yields and equities shared a strong positive correlation. (1951 to 1986)
Then correlation swung the other way and for the next 37 years, we started seeing negative correlation. Falling yields with equities continuing the advancement.
Question is.. What happens now for the next 30-35 years?
S&P 500 Daily Chart Analysis For Week of Jan 5, 2024Technical Analysis and Outlook:
The Spooz extended down movement from our designated target Key Res 4800 and Outer Index Rally 4807 and now rests comfortably at our Mean Support level of 4700. The current market conditions suggest we experience a squeeze that could take us down to the Mean Support level at 4644 and possibly even the Inner Index Dip at 4595. However, the current level of support may provide a rebound to the newly created Mean Resistance level at 4740 before continuing its downward movement.
EUR/USD Daily Chart Analysis For Week of Jan 5, 2024Technical Analysis and Outlook:
The Eurodollar has experienced significant price fluctuations throughout this week's trading session. It has fallen below our Mean Support level of 1.100, indicating a potential decline towards the established Mean Support of 1.075. It is highly probable that the Eurodollar will retest the Mean Resistance level of 1.098. The current violent movement of the Eurodollar around our crucial Mean Support of 1.090 and Mean Resistance of 1.098 is a clear indication of the same.
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Jan 5, 2024Technical Analysis and Outlook:
Bitcoin had a successful week of trading. It completed our Inner Coin Rally 45900, a positive indicator for the crypto market. Bitcoin is currently fluctuating between a Key Resistance of 45000, a level the currency is trying to surpass, and a Mean Support range of 42800, indicating a potential upward trend in price.
RELIANCE : What all possibilities from here?www.tradingview.com
RELIANCE: As per technical evaluation, it is near its 52W high price. However, if we could see historically, it was in a range of 2000 - 2600 for a long time now. We can see, it has made triple top as well as rising wedge, but do not forget, there is a cup being formed inside and we should not forget. A good time to enter in investment will be above the boundary of 2650 level. The target will be 2884 and 3294. If it reverts from here, it can come to 2300 range first and then 2100 range.
🌐Ethereum (ETH): Uncertainty Amid Bitcoin ETF Speculation! 💹🤔Key Points:
Market Uncertainty: The cryptocurrency market is currently uncertain, influenced by speculation surrounding the approval of a Bitcoin exchange-traded fund (ETF).
Ethereum's Loss: Ethereum CRYPTOCAP:ETH has experienced a 4.5% loss amid the prevailing market environment.
Critical Support at $2,150: The critical support level at $2,150 remains intact, providing a foundation for buyers.
Ascending Triangle Pattern: Ethereum is within an ascending triangle pattern, where buyers have an advantage as long as the price stays above $2,150.
Key Resistance at $2,500: The key resistance to watch is at $2,500, representing a significant level for potential market shifts.
Implications for Traders and Investors:
Critical Support: The critical support at $2,150 is crucial for sustaining buyer advantage.
Ascending Triangle Pattern: The ascending triangle pattern indicates potential for buyers, but a break below $2,150 could shift the balance.
Bitcoin ETF Outcome: Heightened volatility is anticipated, especially with the impending decision on the Bitcoin ETF, which could impact Ethereum's trading range.