Bitcoin monthly OBs hold the rangeis this the range until after the halving event?
We have a monthly OB defending the low
We have a monthly OB defending the mid (currently. broken up from)
and we have dual monthly OBs at the high
at the moment there is a high probability the halving event is a sell the news but will bitcoin ever see lower than 35k again?
the arrow is not necessarily the direction im aiming however i do expect a break up from this range in the future rather than a breakdown.
35k line in the sand
hold 45k and the consolidation could be even tighter
upwards expansion from 60k is inevitable
2.2T mcap pullback, 10T mcap the next high - i dont make the rules ;-)
LONG
Shopify: Commerce SuccessShopify continues to dominate the e-commerce platform space, making significant strides in expanding its ecosystem for businesses of all sizes. As the company integrates more deeply into social media and international markets, Shopify is well-positioned to benefit from both consumer demand and business needs for seamless online selling. This strong presence in the global e-commerce sector makes Shopify a compelling investment for those looking to capitalize on the continued shift to online retail. NYSE:SHOP
Financial Performance
Revenue Growth: Shopify reported revenue of $2.05 billion for Q2 2024, representing a 20.7% year-over-year increase. The company’s annual revenue is on track to exceed $7.76 billion in 2024, up 23.18% from the previous year. This strong growth has been driven by the expansion of its merchant solutions and Shopify Payments
Earnings Beat: Despite macroeconomic headwinds, Shopify has maintained its profitability, with earnings coming in stronger than expected for several quarters. Analysts have upgraded the stock, citing its ability to continue growing in a competitive space
Cash Flow: Shopify’s cash flow has remained robust, driven by its diversified revenue streams, including subscription solutions and payment services, allowing it to reinvest in international expansion and new technologies.
Strategic Expansion & Innovations
Social E-Commerce & Partnerships: Shopify has expanded its integration with social media platforms like YouTube, allowing more merchants to embed shopping experiences into video content. This positions Shopify to capture more sales in a fast-growing segment of e-commerce
Cloud Infrastructure: The company continues to invest in improving its cloud-based infrastructure, allowing it to scale efficiently as more merchants come onboard. Its Shopify Plus platform, designed for larger enterprises, has seen significant growth.
International Expansion: Shopify has continued its aggressive expansion into international markets, particularly in Europe and Asia, increasing its merchant base and revenue potential globally.
Technical Analysis
Stock Performance: Shopify’s stock has rebounded strongly from its lows earlier in the year, trading at $78.68 as of September 2024. This represents a 4.6% increase from the previous week. With a price target now upgraded to $99 by some analysts, there’s potential for a continued upward trend
Valuation: Shopify’s price-to-sales (P/S) ratio is around 13.04, which, while high, is justified by its strong revenue growth and market-leading position. This suggests that investors are paying a premium for its potential to continue expanding rapidly
Fundamental Perspective
Shopify is one of the most compelling plays in e-commerce and SaaS. While it doesn’t currently pay a dividend, its high growth rate, strong financial performance, and strategic innovations make it an attractive investment for those looking for exposure to digital commerce.
Upcoming Earnings Dates
Q3 2024 Earnings: Expected November 2, 2024
Q4 2024 Earnings: Expected February 5, 2025
Shopify’s continued focus on social commerce and international growth makes it a strong buy for long-term investors, particularly those looking to ride the wave of e-commerce expansion globally.
$78.68 NYSE:SHOP
BTC long settup forming "W" PatternBTC is forming a "W" pattern or a double bottom on the H4 timeframe. This is generally bullish structure and leads to a continuation impulse. The possible pullback scenarios are in red and green paths. These are areas to monitor to look for entries for longs to 1.618 1.786 area. Extensions are pulled from the previous Swing low and retracements are pulled from the low to Swing High.
61,250 entry 1
59,650 entry 2
65,100 Long Target
2.2 Risk/Reward
Not financial advice.
Do your own DD, come to your own conclusions.
Thanks for looking at the idea.
EURJPY Expected Growth! BUY!
My dear friends,
EURJPY looks like it will make a good move, and here are the details:
The market is trading on 156.39 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 158.45
Recommended Stop Loss - 155.23
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
EURNZD Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for EURNZD below:
The instrument tests an important psychological level 1.7892
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7940
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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EURGBP Massive Long! BUY!
My dear friends,
My technical analysis for EURGBP is below:
The market is trading on 0.8393 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8415
Recommended Stop Loss - 0.8382
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
USDCAD: Bullish Forecast & Outlook
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the USDCAD pair price action which suggests a high likelihood of a coming move up.
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GBPAUD - Now We Wait!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈GBPAUD has been bearish trading within the falling channel.
Currently, GBPAUD is approaching the lower bound of the channel.
Moreover, the zone marked in green is a strong demand.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the support zone and lower trendline acting as non-horizontal support.
📚 As per my trading style:
As #GBPAUD approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
HelenP. I Gold will rebound from trend line and continue move upHi folks today I'm prepared for you Gold analytics. A few moments ago price declined to the trend line and then started to move up near this line to support 2, which coincided with the support zone. When the price reached this level, it broke it and rose a little more, but soon turned around and dropped, breaking support 2 and the trend line too. Soon, Gold turned around and continued to move up next, and later it broke the trend line with support 2 one more time. Next, the price rose to support 1, which coincided with one more support zone, and some time traded near this level, after which turned around and made a correction movement below the trend line. Gold some time rose near below this line and later broke support 1, after which in a short time broke the trend line too. Just now, the price trades close to this line and I expect that XAUUSD will rebound from the trend line and continue to move up. For this reason, I set my goal at 2620 points. If you like my analytics you may support me with your like/comment ❤️
EURGBP Will Go Higher From Support! Long!
Please, check our technical outlook for EURGBP.
Time Frame: 7h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 0.841.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.843 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
EUR/AUD BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
EUR/AUD is making a bearish pullback on the 12H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.658 level.
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EUR/GBP BULLISH BIAS RIGHT NOW| LONG
Hello, Friends!
It makes sense for us to go long on EUR/GBP right now from the support line below with the target of 0.844 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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Short idea on $BTC In the local setup, I see a good opportunity for execution, with a risk/reward ratio of 1 to 5, which is very favorable. However, the risks here are quite high, so I will enter with a small portion. Reasons for entry. Based on the structure, it’s clear that we are retracing to 0.382 or 0.618 and then heading down. You can check this yourself. Since my portfolio is long, I won’t have any significant losses. If we drop, I’ll reinvest part of it.Reasons for entry. Based on the structure, it’s clear that we are retracing to 0.382 or 0.618 and then heading down. You can check this yourself. Since my portfolio is long, I won’t have any significant losses. If we drop, I’ll reinvest part of it.
NZDJPY The Target Is UP! BUY!
My dear followers,
I analysed this chart on NZDJPY and concluded the following:
The market is trading on 86.858 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 88.100
Safe Stop Loss - 86.123
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
EURGBP: Long Trade with Entry/SL/TP
EURGBP
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long EURGBP
Entry Point - 0.8415
Stop Loss - 0.8405
Take Profit - 0.8433
Our Risk - 1%
Start protection of your profits from lower levels
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USDCHF The Target Is UP! BUY!
My dear subscribers,
My technical analysis for USDCHF is below:
The price is coiling around a solid key level - 0.8458
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8526
My Stop Loss - 0.8412
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK