We are at the bottom. Hello fellow traders.
We have now reached the bottom of the RSI triangle, although we might have another touch and go, technically speaking this is the bottom. Will it extend to 14k or 17k, before we bounce up to 25k levels, doesn't really matter if we look at the macro. Low leverage trading is key when trying to find the bottom. It is always possible to compound buys to average a good bottom position for the long term.
Other than this, I'll keep it simple, this is a really long term projection and take it as such, just a projection.
May the fractals be with you!
-B
Long-term
BITCOIN PUMP TO 27K!!!!🚀🚀🚀As u can see it has formed a double bottom at its strong support level that has been resulted after the dump, this exact same thing happened before the pump that happened earlier from 42K to all the way up to 69K and no wonder history is repeating itself.
Long Position Trade :
Entry Price - 22,000
Take Profit - 27,000
Stop Loss - 25,561
⚠️NOT A FINANCIAL ADVICE
icp is about to ends the down trend*on 4h timeframe we found that ICPUSDT broke its downtrend with internal trend .
*ICP is standing on very strong support area with a good demand
*rsi is on positive area
*its still under 200ema and its main downtrend even with positive movement of the market .
*its on accumulation process for a long time which give us an indicator that's its about to explode
*this not financial advice its sharing for a view of long term deal
my personal target is 80$
The Good, The Bad and The Ugly - BTC to $430 000 (there's a catc
The Good: $430k is in slight 🚀
The Bad: $7-$9k will come first ⚡
The Ugly: it'll take 4 years to reach the top, 3 years of which in a bear market. 🐻
Despite the high volume in the recent weeks BTC was unable to push through $25 200 or hold the $23 800 resistance that flipped support for a short while! This is very significant and paints a grim picture, especially when paired with the state the US economy and the high inflation.
This price action is usually characteristic for the PS stage in a Wyckoff Accumulation, where institutional buyers accumulate the asset so that they have enough of it to sell through major resistance levels (and subsequently buy back at a discount). This in turn triggers a cascade effect, pushing weak hands, who in a state of a panic try to salvage whatever they can and sell everything they have left at a great loss.
In the short term we should see a bonce back to $22 600-$22 800k before the final leg down. Bottom price is not guaranteed, but the bottom will almost certainly be at the end of November / beginning of December.
To show the potential path I've used an inverted fractal from ADA that covers the accumulation period and the ascend to $3+.
Never a financial advice, dyor.
BTCUSD- Accumulation phaseToday, we'll take a look at the CMF indicator with my own custom settings, which has been showing some interesting data since the inception of bitcoin .
We entered an accumulation phase whenever we fell below the 0 line. Money began to flow back into the market after the accumulation.
In general, we are accumulating near/below the zero line. Anything above 0.25 has been a fantastic take profit zone.
Our first accumulation phase lasted 270 days in 2014/2015.
-1174 days-
Our second accumulation phase lasted 127 days in 2018/2019.
-1235 days-
We are now in our third accumulation phase.
The question is, how long will this accumulation last??
S&P 500 Possible Gap Fill Based On Price Action OnlyDescription: According to historical price action market data market like to fill gaps from 2000 to 2003 and from 2007 to 2009 and 2019 to 2020 as you can see all previous gaps was filled, but this gap has been never fill and now is possible to be filled. The same price action is on others index and stocks
Possibility but is not guaranteed: If all this index and stocks decide to fill all this gaps the following is possible to happen but is not guaranteed
3 Examples: Dollar Index: 35.34% UK100: 75.64% Apple: 92.51%
Examples: You can use Facebook and PayPal as an example or historical price action market data as examples for a gap fill which happened this year.
Warning: This is not a Financial Advice nothing is guaranteed I am not a financial expert or financial adviser I only share my opinion
Icici Bank - a hidden Indian GemAs India is one of the fastest growing economies this stocks potential is very high, in the last 30 years India's economic growth has only declined in 1 of those years (COVID year) in the last 10, growth has almost doubled. With a rising economy and very strong fundamentals this seems a wise investment to hold long-term. I am looking to enter a position at the gap down around $21.41 as short-term it is in a bull flag that has potential to break out around the $26 mark. FY22 it had a profit margin of 21.58% and Debt to Assets of 9.97% respectively (17.5 Trillion in Assets) and EPS of 37.94 ending FY22 compared to 7.04 ending FY19 a sizable increase to say the least. A very strong stock in a booming Indian economy, could be a safe haven as US market has been very unpredictable IMO.
Bajaj Hindustan sugar harmonic pattern Bajaj Hindustan sugar BULLISH HARMONIC monthly time frame, 1st i wanna tell you(worst fundamental ,heavy depth, and recently sbi file case ) risk trade
If u want to consider then take entry 7.50 near here is heavy resistance and also bullish harmonic pattern complete.
## always take entry on retest ##
∆ Buy price -7.50
∆ SL- 6
∆target- 12
TMD - STOCK - LONG - ASCENDING TRIANGLETITAN MEDICAL INC. STOCK displays an ascending triangle pattern. Entry is at the breakout of the pattern make sure this coincides with a volume increase to verify breakout.
Exit is shown in the chart (Flag).
Insur/usdt: another crypto gems The price currently around seed price before introduce on market exchange. $0.10
fair token supply around 100m according to coinmarketcap.com
i see it is under value product, trade mostly at well know excahnge like houbi, gateio. mexc
here my idea
try grab and hodl with exceed money. it be might bullish in 3-4 years. expectation around $70 - 150 per token (depending to crypto whale and demand, manipulator will make other die :D)
Buy target : see chart
Stop loss. hodl or cut at your own risk
other indicator as filter
BBMA at 30 on daily chart. looks like it will side way.
#dyor!
Chiliz CHZ - $3.55 a realistic long-term target ??Chiliz - $3.55 a realistic long-term target ??
Look at the quite impressive high similarity over the last 10 weeks at the beginning of CHZ bull run November 2020 and the last 10 weeks right now !!!
Of course the parabolic run from the past is never a guarantee for the future... but the projection target matches with log FIB 127.2% at $3.55
What are your thoughts on that dear Crypto Nation?
*not financial advice
do your own research before investing
Don't you miss the NEXT BULL RUN!We are at the very good zone for accumulation if you still believe in the future of BTC, considering upside vs downside that is 1:3 at least.
I did a rough cycle count here in 2 cases:
1st is the most likely for now: 60k might be the significant top that will last very long and BTC will go into a sideway asset in the next decade. Yet it is still very volatile 300% + volatility.
2nd is the super bullish. It is that we shoot up and trending above 60k with conviction to finish a very large cycle.
BOTH CASES INDICATE THAT IT IS TESTING AT LEAST ATH. I am pretty bullish on this and as aforementioned 1:3 RR is considered very good setup if you don't factor in a time-exposure.
For mid-term, I find it does not done correcting yet. We might side way around this area for a while with some false break. I am thinking it is doing 4th (just done a of A for the 4th and is currently heading down for b of A.) If this is the case I am not expecting the new swing low soon and we are going for a sideway market for a while.
Long cycle projected lows and highs for the S&P 500The idea is to take a long perspective using RSI and On Balance Volume OBV to project a possible timeline for expected lows and highs in the near to medium term future. The starting point is point A (1st Nov, 1994). Point B (3rd June 1996), Point C (3Sept, 2002), Point D (2nd April 2007), Point E (2nd Feb 2009), Point F (2ns May 2011), Point G (3rd Oct 2011), Point H (1st Nov 2013), Point I (1st Feb 2016), Point J (2nd Jan 2018), Point K (2nd March 2020), and Point L (1st Sept 2021), leading to a projected point M. From here M = A and the process begins again. Using May - June 1996 as the high in RSI 12 years and 10 months from this date is the 2nd of Feb 2009 low. Projecting from this date 14 years and 9 months to 16 years and 3 months gives us the dates August 2023 to January 2025 as the range of time when the next cycle high in the market is expected to occur. I am using the period of 14 years and 3 months because that is the shortest long interval on record and 16 years and 3 months is the longest long interval on record. Therefore somewhere in-between these two dates is the highest probability of being correct. This is not to say that it is impossible for them to be wrong. On balance they are the most likely to happen. The plan is to use the OBV to make decisions about when to accumulate. This is when it gets close to the bottom part of the parallel channel. When RSI is to used when it gets close to the projected point M. Selling to purchase other assets should occur between August 2023 and Jan 2025.
Long term BTCFrom the high 69k to Covid crash using the Fibonacci Retracement tools we can see that we hit the 0.786 (~17.7K) and bounced.
If we use the Fibonacci levels on the waves up and down we can see some nice confluence in levels.
The first wave down from 69k to ~32.9k has a fib extension 1.618 that lines up with the 0.886 level.
10k-11k range, the strongest support we can get on BTC.
The first corrective wave i-ii fib extension was in confluence with the 0.786 level mentioned at the beginning.
Now we are in the iii-iv wave and I'm not expecting this to go above 32k-33k this should become resistance. And then the final wave down to ~11k should start. If we get there we should also see some bearish divergences on the MACD histogram.
A full reset to the 0.886.
Now technically we never closed below the previous cycle high weekly close.
Maybe this is not a 12345 Wave and this was a ABC correction. Then uptrend has resumed as the ABC finished.
Looking at the BLX at previous corrections we can clearly see some contraction. 93.7%, 86%, 84%, but are we stopping at 74% ?
A closer look