Long-term
BTC adoption speculation/idea(max pain)Just and idea based on tech adoption that fits an upcoming recession combined with wave analysis on price with in house tools.
This is the worst case (most painful and profitable) scenario that I can imagine if more than 50% of the world adopt BTC.
More of a qualitative chart than a quantitative chart!
Let me know your opinion!
Author Dimitrios Michos
BTC/USDT Revive 1D IntervalHello everyone, I invite you to the BTC to USDT review for 1 day.
First, with yellow lines, we can mark the triangle in which the price has been moving for a long time,
then, using the blue lines, we can similarly calculate a triangle for the price, taking into account the shorter time period.
Now let's check what support we should take into account and as you can see, in the first place we have a support zone from eighteen thousand six hundred ninety three dollars to eighteen thousand one hundred twenty nine dollars, then we can mark the support lines at a price of seventeen thousand five hundred ninety five dollars.
Then, using the Trend Based Fib Extension tool, we will set the points of resistance that BTC must overcome in order to exit the current downward triangle upwards. We have the first resistance at nineteen thousand one hundred and seventy-seven dollars, the second at nineteen thousand five hundred and sixteen dollars, the third at nineteen thousand eight hundred and two dollars, another at twenty thousand seventy-nine dollars, and twenty thousand four hundred and sixty-four dollars.
Finally, let's pay attention to the CHOP index which indicates that the energy is rising again, and the MACD indicator shows a local downward trend.
Long terme Double bottom + W Monthly + cup and handle pattern?Bullish Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. There are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. It's very similare to double bottom or even W monthly. The more the figure is in long time frame, the more the impulse will be strong.
8300 Minimum Pips reward for SWING TradersUS Dollar index has been in an overall BULLISH since double bottom chart formation formed at price level 90.00 and it will likely continue in same direction over the next couple of months painting a picture of a repeat of 01 Feb 1985 historical price action, leading the price to 164.50 target
Consequently, that will play out if price will be able to Break the minor resistance yellow line at 120.50 giving a take away of about 8300 Pips over the next few months.
Swing traders will pose for hopping on the pull backs as the trend continues higher
BTC bottom range based RSI indicator, 24-period based on highsINDEX:BTCUSD
RSI is a trend indicator...
Based on the RSI period 24 based on the high of each candle, being oversold at 30 and overbought at 90, we have incredible results in anticipating bull runs, and always buying in the bottom range, As well as taking the operation to optimal sales values
In 2017, the sale indication was at the exact top, in 2020/2021, on the other hand, the sale was well anticipated, but still very profitable, but the repurchase came at much better values than the sale is soon a success.
IEX:- LONG-TERM VIEW
There is a lot of talk going on behind IEX As it has corrected more than 60 percent from top.
There are two many reasons behind that.
But this is a fundamentally good stock and think it's time to start accumulating the Stock for a long time, A pe come down to 40 from 100 and EPS is around 3.5 (2% growth from last quarter )
Public holding is increasing and fiFIIi is decreasing which is not a good sign but I am buying for the long term,
like the insurance market power exchange is a huge expansion potential as only 6-7 percent of electricity is traded electronically.
in comparison to developing countries, where power traded in exchange is around 30-50 percent.
some of the following reasons for buying (source: money control)
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company with No Debt
The strong cash-generating ability from core business -
Improving Cash Flow from operation for the last 2 years
A company able to generate Net Cash - Improving Net Cash Flow for the last 2 years
Annual Net Profits improving for the last 2 years
ps:- I started accumulating around 140 but with a very small quantity in a SEP manner.
this is not a recommendation. Do your research before taking a trade.
Both TA And FA Supporting DYDX (Top Investment)Hello, I am Tommy. I am using Naked-chart only.
If this is your first time coming to my idea, thank you very much for taking the time to pay attention to it. My opinions are all subjective and personal. It might be right, or wrong, but there is one thing I can guarantee you will never go wrong - always set the SL for each entry before setting the TP for it.
I'm seeing a big opportunity for DYDX in both FA and TA aspects, of course, both Future and Spot Trading ( but Spot is recommended )
TA:
- Day TF's MA21 is showing a strong support/resistance area (blue arrows)
- Recently, MA21 has refused to break out twice, but after each time, the falling price range of DYDX fluctuates narrower and narrower.
- If a resistance line is touched again and again with a price range after resistance declines, then there is a high chance that the price will break out of that resistance line on the next time (the further it is, the more likely it is that the price will break out)
- The daily candle is about to close now (few hours left), and the price action has started to breakout, so I can enter first at this point (this is based on experience)
- RSI is starting going up
- My first target is the MA50, where I will watch the price action for further actions
FA:
- DYDX is a token of DYDX Exchange, basically not a junk or 'trash' token
- The current marrketcap of DYDX is only $84M, a very modest number for a main token of DEX Trading (which I believe DEX Trading will be the future)
- The revenue of DYDX exchange in the last 30 days is nearly 6M$ - most of it is fees collected from traders on the exchange, which is not bad. In the past, DYDX turnover in 30 days used to be close to $100M - Ref here
- DYDX is one of the rare remaining tokens that have not been pushed after listing on Binance (also GAL)
- That's why I strongly recommend Spot Trading for DYDX. With Spot Trading, I don't set Stop-loss because I have great faith in DYDX (of course I won't all-in my entire savings lol)
> Entry: 1.26 - 1.27
> Stl: 0.93
> TP1: MA50 (Day TF)
> TP2: 1.8
> TP for Spot Trading: $9.95
Daily review of BTC interval 1WHello everyone, due to the hot situation on BTC, I invite you to review the BTCUSDT chart on the 1W interval.
Let's start by marking the upward trend line, which lasted from March 2020 to November 2021, then we started the decline that continues until today, and so the price is under the current downward trend line. It is worth adding that the price is currently moving in the side channel which ranges from about $ 18,000 to $ 25,000.
Let's move on to the determination of the support and here the support zone from $ 18,415 to $ 17,259 is immediately visible, but if the price does not stay in the current zone and goes down, we can see a drop in the price even to around $ 13,000.
Assuming that the price, however, remains at its level, it is worth looking at the chart more optimistically and here we will move on to several resistance points and how the price may move in this situation.
The first resistance that btc has to pass is $ 19874, the next one is $ 20,967, then we have a resistance zone from $ 22,589 to $ 25,318, only breaking this zone can give further increases towards the resistance at $ 29,543 and further at $ 37,114.
It is worth paying attention to the CHOP Index which indicates that we have a lot of energy to make the next move, while the MACD indicator shows that we are still in an uptrend.
📈✌XRP will jump to 1$ after the court result?✌📉BINANCE:XRPUSDT
BITFINEX:XRPUSD
BITSTAMP:XRPUSD
First, please take a look at my previous analysis and positions.
As the outcome of the Ripple court is approaching, there is a possibility that the price will jump to higher peaks.
The current level of the price is near the middle line of the long-term price-channel, which in case of more pressure from the sellers, the price can fall to the levels below the second yellow area.
Of course, I foresee a bullish scenario!!!
between now and the yellow areas, you can open a long position in two steps.
If the price rises and reaches the yellow line, you can risk-free the position.
TP1-2 are on the chart.
The optimum stop-loss is below the second yellow area.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
INFO EDGE(NAUKRI.COM), PATH!! BREAKOUT!!i am waiting to trade on a good breakout, on the 1st week of November.
Naukri, is a good stock.
PLEASE do have a good look at the colours.
1. the two dark black lines are the actual target what i am aiming for.
2. the dark purple line is the resistance which is tested multiple times.
3. minor blue lines are the levels, where one should look at buying for dips, or buying for averaging out(if stock is in short run).
MOVING AVERAGES ARE JUST FOR REFERENCES, FOR A SMALL LOOK AT IT! ITS NOT SAYING MUCH
FIBONNACI RETRACEMENT LEVEL OF 0.618, GREAT SUPPORT TO BUY.
$SPY - Double Top - Great Reset - Stock Crash Ending 2030$SPY is going for a double top before crashing down to low 200's in the "Great Reset" lasting to 2030. Much like China's "Great Leap Forward" which was one of the largest disasters in history, after which a huge economic advancement was made for several decades. Following the "Great Reset" the United States will enter a period of massive prosperity where conservatism will reign. During this period, the United States will maintain supremacy of the global economy till the year 2100.
Bitcoin Long Term Forecast. October 8, 2022Hi all
A lot of people think this is the fourth bear market of Bitcoin. In reality, it is the first. The price has been below 200 MA for about three months now, and it hasn't done this before. It's a sign of a bear market. Previous down moves have only been short-lived corrections in a larger bull cycle. And this is the real bear market, that corrects the entire previous bull cycle.
I don't know how long it will last, or how low the price will go. But I won't be surprised if the price goes below $2000.
For the next five years, we cannot expect a bull market for bitcoin.