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Bitcoin-Post-Halving-Cycle-Price-AnalysisHello, Traders Investors And Community, welcome to this update-analysis about the post-halving situation facing bitcoin in the short-to-middle-term at the moment and what we can expect the next hours and days. The third bitcoin halving has now contributed successfully and how I pointed out in past analysis every time after the halving emerged we saw a smaller to bigger dip within bitcoins price-action, this dip hasn't come so far now after the third halving, this can indicate a possible dip scenario which is playing together with the rising wedge that I detected within the price-action. These two factors together with the strong resistance playing an important role and can affect bitcoins price-action substantially therefore we are looking at the daily timeframe. Rising-Wedge-Formation: The rising wedge you can see in my chart marked with the light-blue lines shouldn't be kept by side because it is a huge formation which in the most occasion confirms bearish to the downside, there are only a few cases where this bearish confirmation does not play out and the formation confirms bullish to the upside. Technically we will see a confirmation of this rising wedge when bitcoin confirms bearish at the strong resistance/support level you can see in my chart marked in blue between the 10230 and 10600 level, after a break of the lower boundary the formation is confirmed and possible to enter a trade on the short-side to aim for the target zone you can see marked in the chart. Strong Resistance/Support: The psychological resistance we have here at the 10.000 to 10.600 USD is such a significant resistance at the moment where bitcoin confirmed several times to the downside that it is really not a minor level and should be kept in mind as a leading origin of bearish pressure to the downside. As you can see we bounced at this range already several times to the downside now in the third attempt to break over this string resistance, what will change this dynamic is a clear close above the 10.600 USD level with good volatility, this will invalidate the resistance and confirm it as support but as for now it must be contemplated as resistance and currently playing coherently together with the rising-wedge-formation. Post Halving: As I mentioned in past analysis about the halving-cycles which can be the starting point of the third halving cycle now is that we had an initial dip within the first times of the post halving due to supply entering the market, therefore we have this current post-halving situation which is playing logically to the rising-wedge-formation and the strong resistance/support we have in this structure. In this case, we have a high probability to see an price-dip before contemplating a possible bullish confirmation in the long-run and longer timeframes, I already mentioned other parts of the mechanism in a past analysis which I recommend you to see when going on my account and look at the analysis. Taking all these three important leading technical factors into consideration we can assume that bitcoin has a potential dip insight when the rising wedge we have in the structure confirms properly and as it is a high possibility at the moment this scenario should definitely be kept in mind to be prepared when it happens. This breakout to the downside can be traded very well conservatively on the short-side after price has confirmed the lower boundary of the wedge. Remember that the breakout needs to fulfill with the right volatility to the downside and not mere low-volatility piercing the line. After this possible scenario has played out we need to elevate how bitcoin develops and if we get a reversal and continuation to the upside in the structure. In this manner, thank you everybody for watching, support for more market insight and all the best! Trading effectively is about assessing probabilities, not certainties. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
24
Bitcoin, Here Is Why The Bear-Market Could Be Over Already!Hello, Traders Investors And Community and welcome to this analysis about bitcoins current price-formation and what we can expect the next time. It is true that bitcoin is still struggling at a historical level which is the 10.000 USD psychological mark which was already the origin of high volatility within the past, in this case, it needs to be remembered and kept in mind if this actual resistance mark confirms as resistance as it has done in the recent year or if bitcoin manages to provide a paradigm shift which turns out bullish, in the price-chart I found some fundamental significant signs which are important to look at in the current market environment, I already done a more short-time approach which I recommend you to watch when going at my account, as for now to have a full-multi-overview we are also looking at the weekly timeframe. When looking at the current situation facing bitcoin we can notice that bitcoin is still trading within this huge and massive triangle which had its origins in the 2017 all-time-high, you can see the upper and lower boundary of this important triangle marked in my chart with the blue trend-lines. It is an underlying fact that these triangles the longer they are established showing a heavy and volatile breakout either to the up or downside. These breakouts can happen within smaller timeframes or also higher timeframes and it is within the high possible spectrum that we see such a breakout in this case also because the bitcoin price is consolidating in a wide range till months and years, the question now is either it confirms bullish or bearish and in this conclusion, it needs to be marked that there are some important signs which playing within the bullish scenario. As you notice when looking at my chart, before the bull-market in 2018 started bitcoin formed a bottom below the 200-EMA which turned out to be the actual accumulation before the bull market started, you can see this accumulation-phase and coherent bottom marked with the orange triangle in my chart, ater this we had a bull-bear transition phase which first tested the 100-EMA with high volatility and after that fully confirmed the bull market which had its top at the middle line of the huge uprising channel you can see marked in my chart. Actually we had the exact same fractal developed after the corona-breakdown with its low in March, as you can see in my chart bitcoin provided the similar accumulation triangle below the 200-EMA and after that the bull-bear transition and finally its confirmation above the 100-EMA. Now as this signal was so strong and provided the high which tested the middle line of the huge channel we can expect bitcoin to test the high established in the bull-market before a second time now this, however, needs to confirm with a clear close above the 10.000 USD level before that does not happen technically speaking the 10.000 USD level is still a massive resistance which can drag the price to the downside. Taking all these considerations together we can come to the conclusion that the bullish scenario is more possible at the moment than the bearish as I already mentioned in past analysis although there are still many bearish factors there is a higher probability for the bullish breakout which will increase when we move some higher in the current local resistance. In either case, it will be interesting how bitcoin turns out to go ahead further, many people these days calling for the complete bottom or moon, but this, however, is at the moment a mere speculative approach and we first have to wait for the proper confirmation before making this conclusion as it is highly important in these volatile market-environments we are facing today not only in the stock-market but also in the cryptocurrency-space to keep patient and wait on the right confirmational-scenarios before placing the trade as to rush in the markets as there is no tomorrow. It will be highly interesting to see how bitcoin develops the next time and if the bear-market is already over as mentioned and seen in 2018 with a similar fractal confirming now. In this manner, thank you for watching the analysis, support for more market insight, you can also subscribe to social media, all the best, and have a good week! The ambition to transform opportunity into gold remains the most significant tool for a trader. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
54
Ethereum, H%S Confirmed Properly, Further Price-Action Develops!Hello Traders Investors And Community, welcome to this update-analysis about recent events happening in ethereum, the currenet price-formation and what we can expect from ethereum the next days and hours. The whole cryptocurrency market is sending mixed signals at the moment, while some cryptocurrencies looking rather strong and solid there are cryptocurrencies which look more bearish than bullish. A cryptocurrency right now is definitely ethereum with the second largest market-cap in the market it is posing an significant role beside bitcoin. As i forecasted in recent analysis ethereum broke out of the major head and shoulder formation we had in the structure which activated the target, if you did not watches this analysis I highly recommend it to you for having a full-depth-overview about the occurences happening. As looking on the locally 4-hour timeframe we see this major head and shoulder formation confirmed to the upside now and as ethereum developed some further since the breakout we have a correction in play which can become bigger or keep in the magnitude it has developed. As you can see in my chart ethereum is building an uprising-trend-channel here with its lower boundary already touched, therefore it is highly likely that we touch this lower boundary the next time we visit it again. For a continuation to the upside it is highly meaningful that we hold the 225 level where we bounced to the upside, when we cross this level down there is a higher probability that bearish pressure to the downside increases, it is a similar important support level like the one we have currently in bitcoin, this level needs to be hold for the further upmove! The Initial Head And Shoulder Of The Structure (4-hour Timeframe): Higher Boundary Resistance Matching With Target (Daily Timeframe): The next time we can anticipate that ethereum ends up the correction to move higher, when this happens correctly and when we do not get higher bearish pressure signs which will show another leg to the downside it is within the definite possible spectrum that we reach the full-head-and-shoulder formation which you can see in my chart. This possible move can be traded with the breakout conservative or aggressive with an entry in the current range, but keep in mind that we have daily strong resistance at the full-head-and-shoulder target by the falling upper boundary I mentioned in past analysis about the daily perspective, therefore It should be remembered that we can get a significant reversal to the downside when we reach that level because there is still plenty of resistance. When the time comes we will see and contemplate further. At the moment the situation for ethereum and other major crpytocurrencies is an important decision-point, while we see significant differences in the market, there are many which looking extremely bearish with high potential to continue bearish while others looking more indecisive to more bullish on the short-term like ethereum. Therefore we can expect a shift in demand in the market and some differences popping up in the price structure, it is not comparable to the 2017 market where everything had the same exceptional volatility, now in 2020 there are crpytocurrencies going sideways the whole time without any chance while others providing heavy gains to the upside and outperforming, this can cause a huge paradigm shift and traders should the differences as they changing to be sound for the different market conditions we experience these times. In this manner, thank you for watching, support for market insight and all the best! Edification is the key to everything because it is the goal of true sophistication. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:ETHUSD
by VincePrince
22
Bitcoin, Extreme Volatility, Smart Money Covering Positions!Hello, Traders Investors And Community, welcome to this analysis about the current events happened in bitcoin and what we can expect the next time in price-action. Yesterday bitcoin showed massive volatility with an exceptionally unnatural move to the downside, was it all normal market-movement or smart-money taking advantage of the situation like several times seen in the past? This fundamental and exaggerated bearish move to the downside shouldn't be ignored and the overall mechanism catapulted bitcoin into a critical condition where it can show further continuation when it can't manage to stabilize in the range, therefore we are looking at the 4-hour timeframe. As you can see in my chart bitcoin just fell below the important uprising-resistance-level from its past uptrend, this was an important trendline that holds the whole price to the upside in the local timeframe, as it is now broken it shows and important bearish signal to the downside. For now the price seems to stabilize but that can just be the next consolidation to setup for another leg down similar to the consolidation seen before, therefore you see the important support which needs to behold marked in orange for a significant sustain, when we break this level to the downside it will provide massive bearish pressure to the downside. The next time we can expect bitcoin to test remaining resistance levels in the current structure as we have support at the 100-EMA which you can see marked in blue, from here bitcoin sets up to test some higher levels but as there is still plenty of resistance it is more likely that we will fall back again in the range. In my chart you can see the resistance we have here at the 50 % Fibonacci Resistance and also with the logical resistance we formed in past price action, there this range is building a coherent resistance cluster which will confirm likely when the price has touched this range. I would be patient for opening an aggressive short here, the best option will be to wait after the bearish scenario has clearly confirmed. For further continuation to the upside, bitcoin needs to hold the current range and do not fall below the 9100 otherwise this will cause further increase of bearish pressure. What we need to keep in mind now is that the whole structure and the unnatural movement to the downside can be a big bear-trap trapping trader in there positions before moving higher upward, therefore we need to see more information and as soon as we do not get a serious price-stabilization and confirmation to the upside the bearish scenario remains within the high possible spectrum here. In this case traders should be prepared for this situation and take advantage of opportunities arising when it happens to confirm like mentioned. In this manner, thanks for watching, support for more market insight and all the best! Trading effectively is about assessing probabilities, not certainties. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
102
Bitcoin, Confirmed About Key Flag, The Condition Has Altered!Hello Traders Investors And Communtiy, welcome to this update-analysis about recent events happening within bitcoins current price-structure. As I mentioned in past analysis bitcoin was moving in an important possible bullish bull flag which could still fail but needed to confirm up for the proper verification, exactly this scenario played out right now and bitcoin firstly tested the remaining resistance which I pointed out we have in the structure, this shows just one more time that technical analysis is an empirical science which can work well in today's markets, where many people keeping ignorant and remain in the speculative sphere especially in the fundamental analysis spectrum like the academic economy sciences which disregard the importance of technical analysis we should look at markets not only with a constitutive curious perspective but also with the proper technical approach, therefore, we are looking at the daily timeframe. As you can examine in my chart bitcoin saw some exaggerated volatility the last time which just catapulted bitcoin above the bull-flag which I mentioned in the previous analysis, this bull-flag is now firstly confirmed to the upside with a healthy volatile move running into the remaining resistance and testing it. Because this level at 10500 is still an huger resistance which confirmed several times to the downside it is within the likelihood spectrum that we will get a pullback here but this will play into the bull-flag scenario to confirm the upper boundary of the bull-flag properly, which will give completely the next in completing the formation, when this happens and we get an up bounce from there we need to take out the still serious resistance at 10500 to activate the foremost-bull-flag-target you can see in my chart. At the moment this does not look like a fake breakout because the volatility held the price above the channel but for a full confirmation we need to confirm the upper boundary. Originated Idea According This Subject In Bitcoin (Daily Timeframe): Overall we have some good signs not only on the daily timeframe perspective but also on the 4-hour timeframe and the weekly timeframe which I mentioned recently, on the weekly timefram we took the falling resistance out which is a good sign at all. Now we are completing one more step to see the same signals which can lead bitcoin to a continuation also in the weekly timeframe which is very important. At all the current situation has a more bullish shape than bearish but there remains a little possiblity that the breakout we have seen is actually a fake breakout, this is when we see the bull-flag not confirming tightly a second time but fall back into the channel and see more bearish pressure signs, although it is not the most likely scenario for now this should kept in mind. Remember that the markets are full of possiblities and smart traders should carefully wage this possibilites out to make decisions which fitting best into the market situation to take the proper right action within the highest possible scenarios. This means to elevate oneself above hte mere speculative gambling approach and see the markets as a whole living organism with its twists and turns not only at the technical sides. In this manner, thanks for watching, support for more market insight, have a good day and all the best! Every great advance of scrutiny in study has issued from a new audacity of imagination. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
20
Litecoin, Breakout Of Channel, Continuation When Confirmed!Hello Traders Investors And Community, welcome to this analysis about the recent events happening in litecoin, the current price-action and where the crpytocurrency-coin can continue further in the the next time. Recent occurrences in the cryptocurrency-space made provided mixed signals in the different crpytocurrencies, while the major bitcoin is still under a significant resistance level which hasnt been taken out yet there are coins like cardano or ethereum which made an new higher high already. One of the coins which provided some interesting signs on the surface and that can lead for some profitable opportunities soon is litecoin, therefore we are looking on the technical side of things in the 4-hour locally timeframe. As you can see in my chart litecoin recently formed an huge and meaningful downward-direction-channel with its low at 39.5, in recent mechanisms the price just broke out this downward-direction-channel with some good and solid volatility to the upside. As it made a new high in the structure at 47.9 it experienced a bearish pull-back now, at the moment it is within the likelihood spectrum that this pull-back will continue to the downside as soon as we get some fundamental support to stabilize in the structure, the next important support will be the lower boundary of the downward-direction-channel and the coherently confirming 300-EMA which you can see marked in blue. When we reach these levels and confirm them as support there is a good chance given that litecoin sets up to form some legs to the upside, be sure that the needed support-levels confirm properly otherwise when we fall below the 300-EMA and into the downward-direction-channel, this will add a bearish shape to the structure and more downside is possible. But when we confirm it rightly as support the targets you can see are activated and the middle-term-target is reached when we dont get any significant bearish pressure on the way which will alter the dynamic, the whole long-term-target of the downward-direction-channel is even higher so it will be interesting to see how litecoin reacts in the upcoming resistance. Overall we can expect that litecoin is one of the decent coins at the moment but although with good upside potential especially if we take out important resistance-levels. The whole cryptocurrency market is sending mixed signals for now and we need to elevate where the journey is heading, also I discovered that the equality between the coins gets a higher spread this can lead to a dynamic which will change the market in fundamental ways as some coins loosing public demand and others get a boost of new fresh liquidity similar to the stock-market where there are big differences in stocks, traders and investors should be prepared for this and dont fall for the illogical approach to trade just anything and overconjecture the situation seen too often these days. In this manner, thanks for watching, support for more market insight, also you can follow my social networks which you see in the signature for more in-depth, appreciate my friends! ;) A wise thing that makes sense and needs to be encouraged is to strive for greater enlightenment in the modern markets. Information provided is only educational and should not be used to take action in the markets.
KRAKEN:LTCUSD
by VincePrince
9
Bitcoin, Moving As Forecasted, The Triangle Gets Narrower!Hello, Traders Investors And Community, welcome to this update-analysis about bitcoins current situation. As I already pointed out in recent analysis about the locally price-picture of bitcoin is that it is trading in an overall triangle with the outstanding third touch of the higher boundary and third touch of the lower boundary awaiting, this scenario has confirmed now properly as forecasted in the analysis, I recommend that you watch it to have a full-depth-overview about the current situation, what is new now is that there added some more signs which will determine bitcoins further outcome especially when taking it into comparison to the rest of the cryptocurrency-market like ethereum or cardano which showing some good bullish signs and already made higher highs, therefore we are looking at the locally 4-hour timeframe. Triangular Formations Forecast (4-Hour Timeframe): As we can see now bitcoin confirmed the second touch of the lower boundary and the third touch of the higher boundary as expected, therefore we are approaching the still important resistance in the structure at the 9550 upper boundary level this can indicate a pull-back lower to confirm the lower boundary of the triangle a third time. At the moment this does not necessarily happen as it is also possible that we will move above the triangle and confirm it but the pull-back scenario increases as we are facing important resistance in the structure. When this pull-back confirms properly we can expect bitcoin to find support at the strong confluence cluster at the lower boundary and the 200-EMA which you see marked in my chart in orange, when this happens we will get stabilization in price here. Overall we can anticipate that the triangle gets narrower and narrower now and that we will see a breakout sooner or later, considering all the new factors which added into the whole picture now a bullish breakout is more likely as we have some good support sings and other major cryptocurrencies like ethereum already broke to the upside, that does not necessarily mean that bitcoin will follow but it is an indication for a follow-up in price-action. Remember that this has to be confirmed with a clear break of the higher boundary including good volatility otherwise when we confirm below the lower boundary it will show in bearish price-action, when this plays out the 8130 level needs to be held when considering the bullish continuation further. The triangle can be traded after confirmation when crossing the boundary with the necessary volatile action, an aggressive approach will be directly after this confirmation happened, the more conservative approach will be after the boundary confirmed when we saw the breakout, this will be the more precise and wiser process after such a mechanism. This breakout can be traded in either direction after the proper scenario confirmed rightly it will show a good opportunity with an exceptional risk-reward. There are many people calling for the complete moon but this is merely speculative at the moment, we need to stick to the logical observation, therefore we can be prepared when markets move in the most possible direction like in this case with bitcoin. In this manner, thank you, everybody, for watching, support for more market insight, and a good weekend! Even though destiny seems obscure in the present, it is actually beginning right now. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
22
Nifty Short , Medium& Long Term View-26-Feb-24 to 01-Mar-24Nifty Short , Medium & Long Term View-26-Feb-24 to 01-Mar-24 Nifty closed at 22212 (22040) and touched low & high of 21824 & 22297 RSI and stochastics levels reduced this week (90% & 90% Respectively). Both Rsi & Stochastics is in overbought zone. Volatality was seen on Thursday with more than 400 points. Market crossed 22150 last week. Need to decisively close above all time high 22294/22314 (Fib Resistance). Earlier 30-35% profit booking was suggested (except Bank & IT stocks). Partial Booking can be considered for further 5-10% wherever valuation are high. There is no worry on Good Valued Stocks which can be kept for Long Term. This cash will be useful to buy when during the fall. Nifty IT 38045 (38477 ) -To continue hold. Nifty IT touched new high of 38477 last week. Major support at 34918 /34000. Target can be 40000. Nifty bank 46554 ( Prev Week 45634 ) -To continue buy on dips. Nifty Bank touched 47350 high last week. Target 48618 ( all time high) support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Refer to detailed comments in the bottom. Nifty 22212- Short Term ( Neutral ) All time high 22294/ 22314 (Fib Resistance) will be a key resistance. Support - 21554 (Fib Support ), 20877 Fib Support as shown in the chart. Nifty Medium Term & long Term - Can buy at 20800 -21000 level in case of dip for a short run up. Target Fibonacci extended resistance is near to 22819 which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak. nifty will move to next target 22819 (Fib Resistance)/22500. Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 22800 to 18800 expected till mid of 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments : Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Nifty Bank ( 46554) tried to move above key resistances. Continue to buy on dips. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
BTC Market Update 24th February📈 Market Update🚀 Flows to Bitcoin ETFs have remained massive over the past week, with Bitcoin ETPs globally witnessing a net inflow of 83,500 BTC in the last 30 days. This inflow is equivalent to six months of miner rewards following the upcoming April halving. CME open interest is nearing an all-time high, reflecting a positive market sentiment as annualized futures premiums hold strong at 15%. ETH maintains a slight discount to BTC. BTC's reaction to the CPI surprise was notably strong compared to its typical response to macroeconomic data in the second half of 2023. This suggests that macro factors could become relevant price drivers once again, although ETF flows continue to dominate the market. Despite some red flags such as significant miner outflows to OTCs and indications of high leverage in offshore markets which is a recipe for a typical sell-off, there's no indication of a market "flush" yet. Bitfinex has a significant sell wall around 53-54K, constituting a high timeframe resistance from a monthly level. The risk-reward ratio for ETH relative to BTC appears favorable due to the upcoming spot ETF in May, which marks the final deadline, along with the Ethereum Dencun upgrade next month. Moreover, Celsius is nearing the unwinding of their ETH position. **TL;DR:** - Neutral view with a bias towards long positions. - Super bullish outlook for ETH. - Red flag: Strong ask supply from Bitfinex and miner outflows. Stay tuned for more updates as the market evolves! 📊💡 #MarketUpdate #Bitcoin #Ethereum #CryptoAnalysis #ETFs #BTC #ETH
Long
by TheArabianWhale
1
DMART--Head & Shoulders??Head and shoulders pattern is identified in this stock. we have a chance of right shoulder formation. keep safe in this area. price is now near to Right shoulder on bottom we have a strong support lies at 3550 levels. if price breaks the neckline we have a support lies at 3550. multiple times price rejection to topside is observed from 3650 levels, but we have demand zone, it wants to test the demand zone. keep in long side from support levels, if neckline failed to push the price downside we have a continuation from this support levels, upside. If Demand zone fails large sell off is going to observe in this stock.
NSE:DMART
by IIT-Trader
2
TSI Market Timer V4.0TSI Market Timer Version 4.0 This indicator is probably one of the best, if not the best indicator out there on the market today. A bold claim. I say that because this indicator has been 10 years, at least, in the making. I started using TradingView in 2015 when it was $5 to use. It was wonderful. And you could make your own indicators. I would copy and reuse many of the indicators I found. This tinkering with indicators and theories would last until the present day. I find the market is interesting and there are many new things to learn and so you can make nearly endless indicators. About This Indicator: The TSI Market Timer Version 4.0. First, a little theory. I have found that, in practice, if you take any price or indicator (like Acc/Dist) or VIX or even ratio charts like (HIGN/LOWN , a new highs new lows ratio) and you apply the True Strength Indicator (TSI)... that you can plot everything on one charting window. I have extensively tested this out over the years. There is a concept in math and statistics called standardization. One common way this is used in trading is the z-score. You may have heard of the Altman Z-score. In this indicator, I have combined several useful signals into one indicator. These are plotted on an auto-scaled plot with a zero line. Here is an explanation of the lines and their colors. - White lines : These are TSI price lines using two variations in the calculations. One is done using a SMA or simple moving average, the other is done using an exponential moving average. I have even used the weighted moving average. However, I find the SMA/EMA to be the most "error free" version. If the EMA white line (price) is above the SMA white line, then it is bullish because the most recent price changes are given more weighting with the EMA version. Thus, if EMA white line > SMA white line then it will fill green and if it is less than the SMA version, it will fill with red color. - Lime Green fill : The lime green color on the EMA/SMA white line combo means a new high was touched. This is very useful if you are a William O'Neal Swing Trader as I am. Dr. Wish speaks of the Green Line Breaks which represent new highs and their importance. See www.wishingwealthblog.com - Orange/Gold Line : The Orange Line is the TSI calculation of the DXY (or US Dollar Index). This is something that I noticed that no one else talks about. The US Dollar Index used on the TSI chart is really useful since it moves in direct opposition to the price of many indices. My theory on this is due to the fact that the US Dollar is the "other side of the trade". Thus, if you buy several billion dollars worth of a stock, the US Dollar Index goes down and when you sell the shares back, the US Dollar Index goes back up. Thus, it is tied into borrowing, leverage, borrowing costs, interest rates and similar things. It has a similar relationship to stocks as oil does to airlines. When USOIL is up, AAL or DAL stocks are often down. The leveraging of stock purchases explains why the stock market and the US Dollar work in contrarian directions. I don't know why others have not seen this. It is probably due to the fact that the DXY is a big number and the changes are small and thus it has scaling issues with other forms of analysis. In other words, if you try to evaluate it in other ways, it does not scale on the charting and thus, traders/analysts would dismiss it. Purple Lines : Comparison Indexes Dark Purple Line: TSI Comparison line. Default is VIX line. The Vix Index with the TSI calculation applied. Light purple/ lavendar line: This is an index such as the QQQ, which is used as the default. Both of the purple lines are customizable. Centerline: Accumulation-Distribution (mini): Lastly, we have the centerline which is a smaller version of the light blue line; the Accumulation/Distribution Line. In this case, I wanted to show it as a kind of "money flow". This is a mini-version of the AD line. You can adjust the size using the zoom % on the indicator settings tab. The default is zoomed out 10%. In addition, you can toggle the red/green fills of the stock/DXY lines and the stock/index lines. Cheers!
NASDAQ:AMDLong
by SpreadEagle71
1
SPY plan for the upcoming weekSo, facts: 1) 500-503.50 zone is the obvious resistance for now 2) 21EMA is a solid support at this point 3) 490 is quite a good support 4) 8EMA - not sure if it will clearly hold the price next week. 5) 494-496 - potential support zone for building another Higher Low What I expect: 1) One of the scenarios for me is the price confirming one of the support levels - 8EMA or 494-496 zone, then try to break the highs (503.50). 2) An alternative scenario is losing 8EMA and moving lower to 21EMA and 490 level. Now, my primary job is to watch and wait for the price reaction to the levels.
AMEX:SPY
by ivanistrading
Nifty Short , Medium & Long Term View-19-Feb-24 to 23-Feb-24Nifty Short , Medium & Long Term View-19-Feb-24 to 23-Feb-24 Nifty closed at 22040 (Last week 21540) and touched low & high of 21629 & 22068 RSI and stochastics levels reduced this week(58% & 87% Respectively). Stochastics is in overbought zone. Huge volatility was seen last week within the topmost resistance and bottom most support last week. Market was exactly trading within this trend line resistance and trendline support provided. Market need to decisively close above all time high 22117 and 22157 (Fib Resistance). Earlier 30% profit booking was suggested (except Bank & IT stocks). Partial Booking can be considered for further 5-10% in Mid & Small Cap (Stocks/ Mutual Funds) wherever valuation are high. There is no worry on Good Valued Stocks which can be kept for Long Term. This cash will be useful to buy when during the fall. Nifty IT 38477 (Prev Week 37699) -To continue hold. Nifty IT touched new high of 38477 in this week. Major support at 34918 /34000. Target can be 40000. Nifty bank 46554 ( Prev Week 45634 ) -To continue hold. Nifty Bank touched 46695 high last week. Purchase on dips was suggested. Nifty Bank moved from 44673 to 46695. support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Refer to detailed comments in the bottom. Nifty 22040- Short Term ( Neutral ) All time high 22136 will be a key resistance. Market could not surpass it decisively. Hence bearish sideways movement expected for some more weeks. Resistances are at 22000, 22117, 22136 ( All time high),22150 Support - 21430 (Fib Support & MA 50 Support), 20877 Fib Support and trend line support as shown in the chart. Nifty Medium Term & long Term - Can buy at 20800 -21000 level in case of dip for a short run up. Target Fibonacci extended resistance is near to 22500 as shown in chart. nifty will move to next target 22308 (Fib Resistance)/22521. Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 22500 to 18800 expected till mid of 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments (19-Feb-24) : Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Nifty Bank ( 46554) tried to move above key resistances. Continue to buy on dips. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
Ethereum, Testing Remaining Levels, Continuation When Confirmed!Hello Traders Investors And Community, welcome to this update-analysis about the current situation and price-action happening in ethereum, there are some worthful signs which I detected not only on the smaller timeframe but also on the higher timeframe, as I already pointed out ethereum has formed an important head and shoulder formation on the 4-hour timeframe where we had the break of the neckline recently which can indicate a confirmation of this neckline not far away, if you did not see this analysis already I highly recommend that you watch it to have a full-depth-overview. The overall dynamic is matching coherently with the bigger timeframe therefore we are looking at a daily perspective. Inverted Head And Shoulder Analysis (4-Hour Timeframe): As you can see now in my chart ethereum approaching the higher local resistance in the current structure at the 228 level which is marked with the light black lines in my chart from there we can get a pull-back not only to test the remaining support at the 400-EMA which you see in orange but also the overall neckline of the inverted head and shoulder formation. When these tests turning out to be successful ethereum has some good potential to move higher at least testing the falling upper boundary of the massive channel in which we are trading that is marked in blue as you can see it in my chart. This range is also the inverted head and shoulder target zone so it will be interesting how the price will react possibly in this area, the huge falling resistance shouldn't be ignored so there is a higher possibility within the schedule that we will see a pullback after the target where reached. Overall we can say that ethereum is trading above some solid support levels which can hold further when there doesn't come bearish pressure into the market which will alter the whole dynamic. This will show when we break the 200-EMA that is marked in blue in my chart clearly to the downside because it will activate the further bearish pressure price action in the bear zone which you can see marked in my chart. Taking the bullish scenario into consideration, which is more likely currently, we have the important strong resistance at the falling upper boundary of the massive channel we are trading in, ethereum will have a hard time to take out this resistance as it confirmed several times as a strong line in the past but when it does there is some good possibility within the likelihood spectrum that ethereum manages to advance in the bull zone marked in my chart. In this manner thanks for watching everybody, support for more market insight and all the best! There are many roads to prosperity in the modern economy, but one must be contemplated. Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:ETHUSD
by VincePrince
1
Ripple, Possible Reversal In Wedge-Formation, Resistance Above! Hello, Traders Investors And Community, welcome to this analysis about the current situation with ripple and where the price-action will develop further. I made some interesting and significant observations in the current chart which are important to mention. We are looking on the locally 4-hour timeframe and the current situation on the smaller timeframe is matching the middle-to-long-term timeframe coherently, I made also a forecast about ripple middle-term structure and the fractal structure we have currently if you didn't see these already I highly recommend it to you when going to my account and watch the analysis to have a full-depth-overview. When looking at the chart we can see that ripple is currently trading in a rising wedge which you can see marked in blue in my chart, this is normally a bearish formation that breaks to the downside when confirmed rightly. What supports this possibility at the moment is the huge downward-channel we are trading in and the resistance we have above at the 0.21 USD level, this level and the 600-EMA you can see marked in blue building a coherent bearish confluence-zone here between 0.207 and 0.214 which you see marked with the red boxes in my chart when we visit this area it is within the high likelihood schedule that we confirm it as resistance. The next time we can expect a visit of this area to test it, it will be important to see how we react here when there comes a volatile red candle to the downside crossing the lower boundary of the rising wedge down the wedge is finally confirmed and it can be traded on the short-side. Overall the wedge can be traded aggressively or conservative, the aggressive approach will be opening a short position in the bearish-confluence-zone and the conservative approach will be when the wedge has confirmed to the downside. In both scenarios, the target will be the same which is the 0.185 level you can see marked in orange in the chart, there is a high possibility given that we reach this target when the wedge confirmed properly. After the wedge confirmed and the target reached we have to look and contemplate the situation again, it is possible that we get a bounce to the upside here confirming the overall level as support, in this case it is important to hold the overall support to form a possible reversal otherwise when the price is too weak and the support cant behold it is within the possible spectrum that we continue with the downtrend, this will be definitely confirmed when we cross below the 0.175 level which is also matching with the overall bearish picture we have on the bigger timeframe. Remember that the overall move needs to be confirmed rightly and do not rush in a trade, when this happens it is also the best possible entry-place for a trade to take advantage of the down move. Alright, this should give you a good overview, thanks to everybody for watching, support for more market insight, and all the best! The ambition to transform opportunity into gold remains the most significant tool for a trader. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:XRPUSD
by VincePrince
1
Bitcoin, Expected Price-Recognition, Next Level Going To Proof!Hello Traders Investors And Community, welcome to this update-analysis about bitcoin price-action and what we can expect further, currently the price bounced at the main lower range support exactly as predicted in my previous analysis, it shows one more time that technical analysis is a science that can work well when applied right. In the prior two analyses about bitcoins price-action in the locally 4-hour time-frame, I exactly forecasted the price-action we have seen now, as I mentioned we need to take out the resistance at 8800 before it is in the possible spectrum that we can go and test the falling red trend-line. Furthermore, there was the pull-back from the trend-line awaited which happened now, and as awaited we bounced from the lower range support now. If you did not see this analysis, I highly recommend that you watch them to have a full-depth-overview. Forecast Break Of Resistance And Test Of Falling: Pulling Back Awaited: At the moment we are still trading below the important falling red trend-line which I already mentioned and is significant in the current structure. The price is building a small consolidation here between the falling red trend-line and the 50-EMA you can see in orange at my chart, this overall smaller consolidation can be mentioned as a triangle which will break to the up or downside, the overall fact that bitcoin is still in an up-trend here makes it clearer that the possibility is higher that we will break to the upside because we have good a good support-level at the 50-EMA and the lower range support you can see in my chart overall this has to be confirmed with a clear break of the falling red trend-line when this does happen we can await the price to test the higher resistance level at 9950 as you can see it in my chart. When we look at the structure as it is we can examine that bitcoin is building a smaller consolidational range within the bigger consolidational range here. In fact, these ranges are known that they will either break to the up or downside, at the moment I see a higher possibility for a break to the upside because the price is sticking in the range here but it can also turn to the downside because the 10.000 USD is such a significantly important level for bitcoin that it is possible that we will see a third pull-back to the downside similarly as we saw it in the past months at the 10.000 USD, therefore, it is important that we hold the overall range here to form a possible break to the upside with targets ahead. Remember that this scenario has to be confirmed as always the possibility for the proper direction increases with the confirmation. I know many people have a too high speculative approach in the markets and want to trade setups or predict the market of information which is basically not given at the proper moment, this is the biggest mistake a wise trader can do because it cant be the bottom line to trade what one thinks not what is confirmed based on the price action. Therefore we should always adapt to what the market gives us and the changing circumstances that mean to trade the highest possible scenarios and not trade a setup which will 100% fullfill for sure because that is factly impossible, all market situations are based on possibilities with higher or lower grade and we must increase to the higher grade to make the survival in markets possible in this case we need to adapt and be prepared for possible counter-scenarios and take appropriate action when they happen. In this manner thanks for watching, support for more insights, and good rest of the weekend everybody! The past, like the future, is indefinite and exists only as a spectrum of possibilities. Information provided is for educational purposes only and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
29
Litecoin, Close To Strong Support-Level, Here Are Next Steps!Hello, Traders Investors And Community, welcome to this analysis about the current formation and price action forming in litecoin, there are some significant signs I detected on the daily time-frame. At the moment litecoin is whether confirmed bullish nor confirmed bearish this is why we are still in an indecisive-phase here and the next time will show how litecoin will proceed but litecoin has some good support levels below which can indicate a reversal to the upside when these levels confirm properly otherwise it can still fail and fall to the downside when confirmed below the major support in the structure. What we need to keep in mind in the actual situation is that litecoin is still trading below the predominant EMAs you can see in my chart marked in blue with the 20 and 50-EMA already don't cross bearish or bullish this is why the current structure has to be confirmed in the proper direction as you can see it in the past months we had this EMA-confirmation litecoin confirmed either bearish or bullish, this signal is can come the next time when litecoin decides to take the upright direction before we do not see this EMA-confirmation-crossover litecoin is still in an inconclusive market. When considering the bullish scenario we have an important support-level which is the key 61.8 % Fibonacci-support, it is marked in grey in my chart, when we touch this level it is within the high likelihood spectrum that we will get a bounce there because that level at 37.6 also matches with other support/resistance price levels litecoin formed in the past. It is a main task for litecoin to hold that level when bounced there otherwise when we fall below it there is a probability given that litecoin continues bearish to the downside because when the 37 level is crossed down there will be much berarish pressure below that level. The next time we can expect that litecoin will test the 61.8% Fibonacci-support when it succeeds and forms support there we can contemplate more upside for litecoin and at least testing the higher levels in the overall structure, in this scenario it is also important that we take out the falling grey trend-line you can see in my chart. After that there are the 50 and 58 levels remaining to test for litecoin in the structure. To confirm bullish here we need to see at least the bullish EMA-confirmation because that was a high successful indicator for litecoin in the past it can confirm the further uptrend here. Recall that it is highly important for litecoin to hold the 61.8% Fibonacci-support here otherwise when crossed to the downside the whole picture turns more to the bearish side. In the current situation, litecoin has to decide if it is strong enough to hold the proper support, therefore, it is important to wait and see how it develops which wise traders should almost always do. With opening a long-position it is important to wait on the confirmation before placing it which is the best idea in such a structure, we cant trade what we think we need to see the right confirmation before taking advantage of the opportunity, this gets highly important with the current layout in litecoin. Thanks for watching, support for more market insight and good weekend everybody! ;) Trading effectively is about assessing probabilities, not certainties. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:LTCUSD
by VincePrince
6
Bitcoin, Approaching 10000 Again, Outcome Will Determine Target!Hello, Traders Investors And Community, welcome to this analysis about bitcoins actual price-structure, there are some important and meaningful mechanisms currently in play which will determine bitcoin further outcome the next hours and days, we are looking on the daily time-frame and there are some significant observations I made in the current bitcoin structure. The last time we saw bitcoin approaching the fundamental resistance level at 10.000 and falling back to form a bearish pull-back, this level has such an importance in the structure because we bounced several times to the downside there and now approaching it a third time. At the moment bitcoin is coming back to test the major 10.000 USD resistance again but as the past shown to us, this level can cause a heavy bearish breakdown to the downside. When looking at my chart you can see that bitcoin is trading in this huge huge uptrend channel which formed from the low in 2018 and the high in 2019, this is the actual predominant channel we are trading in and it had an unnormal corona-virus breakdown to the downside which you can see marked in my chart due to the corona-virus fears infecting all major global markets together and showing especially in bitcoin volatility never seen before. Last week the bitcoin price recovered from this unnatural and highly volatile breakdown back into the channel where we are trading now and approaching this huge resistance. As we saw the last days the price already confirmed bearish to the downside at the resistance and is now approaching it again. What we can examine now is that bitcoin is building a possible range here, which will break either to the up or downside. When we are looking at the past breakdowns in the psychological 10.000 USD level we can see that as consolidation-range formed before the second key breakdown. Therefore we need to keep in mind that this can also happen in the range we are building now when bitcoin does not succeed to travel above the 10.000 and especially the 10.500 level. When considering the bearish scenario a definite break of the 8100 levels to the downside will cause more bearish pressure at least to the 7400 and this case the fact that we will trade again in the bearish corona-channel will increase the probability for a continuation to lower levels. In determining the bullish scenario it is important that we need to take out the overall 10500 levels sustainable to the upside with good volatility and volume otherwise it can still be a bull-trap catapulting bitcoin back in the range. The overall neutrality level which you see in my chart will be in play after this scenario and bitcoin has definitely more room to move higher in the structure when it confirmed. This can cause a new potential bull-market which will be in play and building a coherent set up with the overall structure but this needs to be confirmed with a clean break to the upside, the full confirmation will be in play when we exceed 2019 high you can see in the structure, I see many people calling for the moon but this is an illogical approach because we did not see a supportable confirmation and before that happens we cant call bitcoin for the moon. At the moment we need to see if bulls are strong enough to take the 10500 levels out or fall back again. Both scenarios can be traded properly and as I always say it is preeminent to wait for the proper confirmation in the markets to place the best possible trade. In this case the confirmation will be realized on the bullish side when crossing above the 10500 levels, this can be traded with an aggressive entry after the breakout or a conservative entry wait on confirming the level with a pull-back and the needed volatility. The bearish breakdown can be traded with an immediate entry or an entry after confirmation, in this scenario, it is also possible to wait for more downside and potentially add to the position because we will see definitely more downside when the 8100 level is broken. Thanks for watching, support for more market insight and all the best! Knowledge is the most important commodity in today's markets. In this manner: FAREWELL Information provided is only educational and should not be used to take action in the markets.
BITSTAMP:BTCUSD
by VincePrince
19